Prime Minister of Mongolia Oyun-Erdene Luvsannamsrai is on a working visit to the People’s Republic of China.

As part of the working visit, Prime Minister of Mongolia Oyun-Erdene Luvsannamsrai will meet with Premier of the State Council of the People’s Republic of China Li Qiang on February 14, 2025. After the meeting, the two sides will sign the Agreement between Mongolia and the People's Republic of China on Cooperation in Increasing the Coal Trade and the Capacity of the Tavan Tolgoi Coal Mine and Establishing the Gashuunsukhait-Gantsmod Cross-Border Railway.

Furthermore, Prime Minister Oyun-Erdene will attend the Closing Ceremony of the 9th Asian Winter Games “Harbin 2025,” taking place in Harbin, the People’s Republic of China.

The Mongolian government has initiated to establish a Cross-Border Railway Agreement for the Gashuunsukhait-Gantsmod railway, one of the 14 mega projects, and submitted a related bill to the Parliament. The Cabinet of Mongolia granted the authority to sign the agreement to Minister of Industry and Mineral Resources of Mongolia Ts.Tuvaan and Minister of Road and Transportation of Mongolia B.Delgersaikhan. They are going to sign Cross-Border Railway Agreement today /2025.02.14/.

In the context of this historic event, Mongolian Prime Minister L.Oyun-Erdene is paying a work visit to the People’s Republic of China. Mongolian Prime Minister L.Oyun-Erdene is going to meet Premier of the State Council of the People’s Republic of China Li Qiang.

The Prime Minister will also attend the closing ceremony of the 9th Asian Winter Games “Harbin-2025” being held in Harbin, China.

Recently, President Donald Trump initiated access to Ukraine’s critical minerals in return for US military support in a war with Russia. The attraction of strategic investors in the development of critical minerals was also a measure of the Victory Plan, presented by President of Ukraine Volodymyr Zelensky.

Below, I will try to describe which minerals could be a part of a mutually beneficial agreement between Ukraine and the US.

The industry of critical raw materials for battery and modern technology manufacturing is one of the fast-growing sectors, where Ukraine can integrate with international and regional value chains, diversifying and de-risking global demand.

Ukraine holds 23 of the 50 strategic materials identified by the US as critical, and 26 out of the 34 recognized by the EU as critically important. Particularly, Ukraine holds very competitive positions in five key ones: titanium, graphite, lithium, beryllium, and REEs.

Today, this group of minerals in Ukraine is partially developed and almost not used for the production of metal alloys and finished goods. Currently, there are 30 licenses issued for their development.

Moreover, the Government holds more than 30 unlicensed deposits and about 400 promising occurrences, managing several important industrial assets, which are still capable of fabricating metal titanium, aluminum, silicon, germanium, and gallium.

Titanium and beryllium – for aerospace and defense

Titanium is a critical raw material for industries such as aerospace, defense, chemical, and pigment fabrication.

Ukraine holds the largest titanium reserves in Europe, ranking in the top-5 for titanium rutile reserves, capable of meeting US and EU metallic titanium demand for over 25 years.

The global titanium supply chain is heavily reliant on China and Russia, both controlling a significant portion of production and processing (especially in the metal value chain).

Should Russia impose an export ban on metallic titanium, it would significantly impact Boeing, Airbus, and the aerospace and defense sectors, which rely on this metal for high-strength, corrosion-resistant applications.

Ukraine has extensive experience in titanium mining and processing in slag and sponge, but it has no melting capacity. Ukraine holds several deposits with no operators, one of them is the largest hard-rock ilmenite globally – Stremyhorodske, similar to giants such as Norwegian Tellnes and Canadian Lac Tio.

Therefore, Ukraine proposes foreign investors to partner with and invest in its domestic titanium industry, encouraging the construction of new melting fabrication, as well as the production of non-metallic products (white pigment) based on existing industrial sites in the Zhytomyr and Dnipropetrovsk regions.

Only a few countries in the world are engaged in mining and processing of beryllium ores. There is one explored Perzhansk beryllium deposit in Ukraine, a license for the development of which was granted in 2019 to a private Ukrainian investor. Beryllium oxide reserves of this deposit amount to 13.9 Kt, capable of satisfying over 20 years of global production.

Lithium and graphite – for energy storage

Demand for batteries is expected to multiply in the next decade, but 90% of the battery supply chain, particularly lithium processing, is controlled by China.

Lithium reserves in Ukraine are insignificant on a global scale, while at the same time, they make up roughly a third of the proven deposits of European countries, which positions it as a potentially important supplier of carbonate or hydroxide to the European battery industry.

Currently, lithium is not mined in Ukraine. Three explored deposits are known, one of them is licensed, and one is a promising occurrence. Unfortunately, two of four lithium sites are currently in the temporarily occupied territory. The necessary investments at the first stage of mining and production of carbonate or hydroxide are from $150 to 350 million for one project.

Ukraine can supply battery factories with natural graphite concentrate, which can later be refined into active anode material for battery cells.

There are six known deposits, one of which is operated by Australian public company Volt Resources, whose products are supplied to many countries around the world, including the USA, and licenses were issued for three more deposits in 2019 and 2021 (Ukrainian BGV Group, Turkish Onur Group).

The total amount of necessary investments for the modernization and construction of fabrication facilities for the production of high-purity spherical graphite at the two deposits is estimated at $650 million.

Rare, rare earth metals – valuable components for semiconductors

Opportunity for the extraction of tantalum and niobium and REEs are largely related to the development of the Novopoltava phosphate deposit and the Azov deposit of rare earth metals (both are temporarily outside the control of Ukraine) and potentially several other occurrences, together with the establishment of technologies for their extraction from ilmenite ores, especially accumulated in wastes of the production of seven operating mining and beneficiation enterprises.

Ukraine has significant reserves of germanium, which is a co-product of several minerals and is found in gas and hard coal, brown coal, as well as in ash, which is formed as a result of burning coal for the generation of electricity. In addition, germanium is dispersed in lead-zinc production waste, metallurgical slags, and carbonaceous clays.

In Soviet time and at the beginning of the 2000s, coking coal served as a source of germanium in Ukraine, its extraction was carried out at the facilities of coke chemical plants, and processing took place at the hydrometallurgical facilities of the Zaporizhzhya Titanium Magnesium Plant, fabricating purified germanium tetrachloride and optical monocrystalline germanium lenses.

It is promising to restore gallium production at the Mykolaiv alumina plant as a processing of aluminum bauxite from Visokopil deposit in the Dnipropetrovsk region, as well as to establish the fabrication of crystalline silicon from high-quality quartz sands, in particular, of the Glukhiv quarry in the Sumy region.

During the times of the USSR, 80% of the production capacity of silicon was concentrated in Ukraine, which was manufactured in the city of Zaporizhzhia at the semiconductor factory and aluminum production plant.

Conclusion

Therefore, the available resources in Ukraine and global prospects for the development of critical minerals – particularly, titanium, graphite, rare earths, lithium, beryllium – allow Ukraine to become an element of joint supply chains with NATO states and OECD partner countries, contributing to the integration of Ukraine’s economy into modern high-tech production cycles.

Meanwhile, to explore those critical minerals, Ukraine needs large capital and modern technologies. Today, only private foreign companies can provide the necessary funds and expertise. To attract investment in the mining industry, the Ukrainian Government works to create the necessary regulatory environment.

Certain achievements can be considered the acquisition of several assets by venture investors from Australia (Volt Resources), Turkey (Onur Group), and Azerbaijan (NEQSOL Holding), as well as the conclusion of a number of important intergovernmental agreements, including the signing of Ukraine’s Facility program with the EU.

At the same time, the strategic partnership with the USA can be considered the most promising, it is a logical and necessary action to ensure the rapid development of new competencies of Ukraine in high-tech and innovative sectors of the economy.

February 2025. Frontclear arranged, structured and executed a USD 31 million synthetic local currency cross-border repurchase transaction with State Bank JSC (State Bank) in Mongolia, hedged by The Currency Exchange Fund N.V. (TCX).

Credit risk, legal and operational risks plus wrong-way risk concerns continue to make it difficult for Mongolian banks to be connected to global money markets. The transaction made it possible for State Bank to competitively access local currency funding from global markets. It also once again underscored that Frontclear deal arranging and structuring can be tailored to overcome certain legal and operational issues related to Mongolia.

“Frontclear has closed more than 10 repo and swap transactions in Mongolia since 2018. We are proud of our catalytic role we have played in originating the first of its kind local currency repo where Frontclear directly provided synthetic MNT currency to State Bank against Eurobond collateral using offshore sources for both funding and hedging. The transaction provides a template to exercise cross-border repos between Mongolian banks and global banks and hedge providers using both local and offshore collateral. It sets a benchmark for the development of Mongolia’s money market going forward.” – Andrei Shinkevich, SVP Frontclear

“We are delighted to successfully execute this inaugural synthetic local currency cross-border repo transaction with Frontclear. Since our initial collaboration in 2018, our partnership has continued to strengthen, playing a key role in the growth of Mongolia’s financial market through the adoption of international best practices. This innovative transaction has enabled State Bank to access competitive local currency funding from global markets, greatly enhancing our liquidity management capabilities. We believe this mechanism creates opportunities to reach the international money market, contributing significantly to the development of the domestic capital market. – Gantur Ulzii, Chief Executive Officer, “State Bank” JSC of Mongolia

“This transaction showcases TCX’s contribution to market development in Mongolia and its additionality. The historically successful onshore hedging facility provided by Bank of Mongolia is downscaling, which allows other hedge providers to take up a more significant role in supporting the market. Consequently, TCX’s ability to facilitate hedging transactions for a range of use cases, tenors and currencies, combined with conducive pricing has resulted in a large pick up in the MNT business through its partners such as Frontclear and other impact investors. We are glad to see the increasing awareness of currency risk and to be part of this impact story.” – Xander Goudriaan, Head of Trading, TCX

In this transaction, Frontclear has sourced USD liquidity from the European Bank of Reconstruction and Development (EBRD) and simultaneously executed a MNT/USD hedge with TCX, therefore being able to provide synthetic MNT repo funding to State Bank. This repurchase transaction is documented under an International Swap and Derivatives Association (ISDA) agreement, whereby Frontclear customized the swap confirmation to account for legal issues in the Mongolian market. The transaction documentation introduced best practice operational and legal concepts including for local currency denominated repo. TCX and Frontclear are part of the Cardano Development group.

About Frontclear

Frontclear is a development finance institution that aims to support stable and inclusive money markets in emerging and developing countries. Frontclear provides credit guarantees and technical assistance to facilitate access and liquidity in the interbank markets, especially for local financial institutions. Frontclear’s global technical assistance program works in partnership with central banks to develop the financial infrastructure, legal environment and the skills and capacity of the domestic market participants. Frontclear is funded by European development finance institutions and global development agencies. Frontclear is rated A- by Fitch and Baa1 by Moody’s and is furthermore counter-guaranteed by KfW, a AAA- rated German development Bank. For more information, visit www.frontclear.com

For media inquiries, contact:

Andrei Shinkevich, Frontclear | ashinkevich@frontclear.com

About TCX

The Currency Exchange Fund (TCX) is a development finance initiative that offers currency derivatives in emerging and frontier markets where such hedging solutions are not provided by commercial banks or are hard to access for the parties who need them. TCX’s shareholders consist of development finance institutions and impact investors; therefore the Fund’s principle objective is to eliminate currency risk and contribute the development of capital markets by fostering local currency financing. TCX provides cross-currency swaps and FX forwards with no tenor limits, covering more than 100 currencies worldwide. The Fund is based in Amsterdam and rates A by S&P and A1 by Moody’s. For more information, please visit https://www.tcxfund.com/

About State Bank

The State Bank is a publicly listed joint-stock company with state ownership. Since its establishment in 2009, the Bank has been significantly contributing to the national banking system by meeting the financial needs of both retail and corporate customers through reliable and timely services, supported by its skilled workforce and advanced technology. As one of Mongolia’s five systematically important banks, the State Bank has the strongest retail banking presence in the country, with over 500 branches nationwide. The bank is rated B2 by Moody’s. For more information, visit our website at www.statebank.mn

The Government of Mongolia, led by the Ministry of Digital Development, Innovation, and Communications, in partnership with UNDP, hosted the country’s first conference on National Strategy for Big Data and Artificial Intelligence at the State Palace. The event brought together government officials, industry leaders, and global experts to shape Mongolia’s AI development and digital transformation.

Mongolia is advancing AI and big data integration into its economy, governance, and public services. The country ranks 46th in the E-Government Development Index and 98th in the Government AI Readiness Index, reflecting steady progress. The government’s Vision-2050 development plan identifies AI as a key driver of economic modernization and improved governance. However, challenges remain, including the need for a comprehensive national AI strategy, stronger digital infrastructure, and skilled professionals.

His Excellency Amarsaikhan Sainbuyan, the Deputy Prime Minister of Mongolia, stated “It is crucial for Mongolia to develop a strategy on effectively utilizing technological advancements, generating big data across all sectors, and aligning digital transformation with economic growth, social development, and sustainable development policies. Therefore, the Government of Mongolia aims to introduce and leverage technological innovations and new development opportunities across sectors, consistently support an equitable and sustainable digital transition, and ensure cross-sectoral coordination.”

Discussions at the conference centered on the responsible use of AI, ethical considerations, and regulatory frameworks to promote inclusive and transparent development. The outcomes will inform the development of Mongolia’s National AI Strategy, which aims to position the country as a regional leader in digital innovation by 2030 and was presented during the conference.

His Excellency Baatarkhuu Tsend, the Minister of Digital Development, Innovation, and Communications, stated, " Today, we are pleased to introduce the first draft of Mongolia’s National Big Data & AI Long-Term Vision/Strategy to a broader group of stakeholders for public discussion. AI is no longer a technology of the future—it is shaping our world today. Mongolia is committed to harnessing AI responsibly, ensuring that it is inclusive, ethical, and aligned with our national development goals. With the right policies, investments, and partnerships, we can build an AI-driven digital economy that benefits every Mongolian, from businesses and researchers to students and public servants."

UNDP is supporting Mongolia’s AI ambitions by leveraging global expertise and best practices through its partnership with the Ministry of Digital Development, Innovation, and Communications. As part of this collaboration, UNDP is conducting an AI Landscape Assessment to evaluate Mongolia’s AI readiness and provide strategic recommendations, with support from UNDP’s Chief Digital Office and Inclusive Growth Team in the Regional Bureau for Asia and the Pacific. Additionally, UNDP is carrying out an AI Futures and Foresight Analysis to help Mongolia anticipate future challenges and opportunities while ensuring AI policies align with long-term national goals.

Ms. Matilda Dimovska, UNDP Resident Representative in Mongolia, stated "AI presents a unique opportunity for Mongolia to accelerate progress toward its Vision-2050 and SDGs. However, realizing its full potential requires a responsible, inclusive, and forward-looking approach. UNDP is proud to support Mongolia’s National Big Data & AI Long-Term Vision and Strategy by bringing global expertise, fostering collaboration, and ensuring that AI development is ethical and leaves no one behind. Together, we can build an AI-powered future that works for all."

SouthGobi Resources Ltd. (TSX-V:SGQ)(HK:1878) ("SouthGobi" or the "Company") Reference is made to the announcements of the Company dated July 31, 2023, August 18, 2023, February 26, 2024, May 22, 2024, June 12, 2024 and January 20, 2025 (the "Announcements") in relation to the Mongolia tax audit. Unless otherwise specified, capitalised terms used herein shall have the same meanings as those defined in the Announcements.

As disclosed in the announcement of the Company dated January 20, 2025, the Company's wholly owned subsidiary in Mongolia, Southgobi Sands LLC ("SGS"), received a resolution ("Resolution") from the Tax Dispute Resolution Council ("TDRC") on January 10, 2025 in relation to the Tax Audit. As set forth in this Resolution, the TDRC has determined to reduce the re-assessed amount of the tax penalty against SGS from approximately US$80.0 million to US$26.5 million (the "Revised Re-assessment Result"). According to the applicable Mongolian laws, SGS is entitled to file an appeal to the Administrative Court regarding the Revised Re-assessment Result within a 30-day period from the date of receiving the Resolution (the "Appeal Period").

After careful consideration and consultation with the Company's independent tax consultant in Mongolia, the Company has determined not to pursue a further appeal of the Revised Re-assessment Result with the Administrative Court within the Appeal Period. As a result, the Revised Re-assessment Result will impact the Company's financial statements for the year ended December 31, 2024.

Shareholders and potential investors of the Company are advised to exercise caution when dealing in the shares of the Company.

About SouthGobi

SouthGobi, listed on the Hong Kong Stock Exchange and the TSX Venture Exchange, owns and operates its flagship Ovoot Tolgoi coal mine in Mongolia. It also holds the mining licences of its other metallurgical and thermal coal deposits in South Gobi region of Mongolia. SouthGobi produces and sells coal to customers in China.

Under the Law on Pets, the killing of stray dogs and cats through shooting is strictly prohibited. The law emphasizes the use of humane methods, prioritizing sterilization and discouraging cruel treatment. It also mandates that euthanasia should not be carried out in public spaces, roads, streets, or residential areas. However, the practice of kiling strays by shooting has resurfaced under the guise of a “stray dog and cat population reduction campaign” in the Bayanzurkh District.

This controversial measure was initiated last Monday and is expected to continue until February 20. As part of the campaign, residents have been instructed to keep their dogs and cats inside their properties to avoid them being targeted. One individual involved in the culling stated, “We were given funds of gasoline money and bullets from the district. With this, how could we not do it? We’re going street by street, starting from the front of the district and working our way back.”

The district has taken similar actions in previous years as well. In response to these events, officials from Bayanzurkh’s Department of Landscaping and Public Services clarified that they were following the guidelines set out in the law and its accompanying regulations. They explained that under Section 12.4 of the law, the ban on shooting strays will only be enforced five years after the law’s implementation. “Currently, the number of stray dogs and cats is too high, so shooting is being used as a measure. In the future, we will adhere to humane practices. Citizens should also act responsibly. You can contact the municipal veterinary office to have your pets sterilized,” an official explained.

This development raises significant concerns about the interpretation and enforcement of the law, as it seems to conflict with the intended humane treatment of animals. While the reduction of stray animal populations is a pressing issue, the public is divided on the methods being used to address it.

Troy Minerals Inc. ("Troy" or the "Company") (CSE:TROY) (OTCQB:TROYF) (FSE:VJ3) is pleased to announce the submission via its subsidiary company Grand Samsara Consulting LLC ("Grand Samsara") of its mining license application to the Ministry of Industry and Mineral Resources of Mongolia for the Tsagaan Zalaa Silica Project ("Tsagaan Zalaa" or the "Project"). This key milestone underscores the Company's commitment to advancing the project towards production and transforming Troy into a cash-flowing entity.

Located in southern Mongolia, 200 kilometres from the Mongolia-China border, the Tsagaan Zalaa Silica Project is strategically positioned to serve the growing regional and global demand for high-purity quartz silica ("HPQ"). The submission of the mining license application represents a critical step in unlocking the project's potential and advancing Troy's broader strategy of establishing itself as a key player in the HPQ market.

Yannis Tsitos, President of Troy Minerals, commented, "Submitting the mining license application for Tsagaan Zalaa to the Mongolian authorities is a significant achievement for Troy and its subsidiaries. This milestone reflects our relentless focus on progressing our two main silica projects, Tsagaan Zalaa in Mongolia and Table Mountain in British Columbia, and sets the stage for the Company's main objective: to transform itself into a potential producer with cash flow generation serving both Central-East Asia and North America. We are confident that Tsagaan Zalaa will deliver long-term value for our shareholders and position Troy as an important new entrant in this critical mineral sector."

Strategic Importance of Tsagaan Zalaa:

Favorable Location: Proximity to some of the most established and "hungry" silica markets and off-takers, in addition, established road and rail infrastructure provide a strategic advantage (see Figure 1). The 1,670-hectare (4,127-acre) Project is located near a Japanese high-purity quartz quarry and refiner producing and directly exporting HPQ to Japan. (1)

High-Quality Resource: Previous bulk sample analysis (a 10-tonne bulk sample was sold to a Chinese off-taker in 2023) demonstrated silica purity of up to 99.98% after beneficiation, underscoring the project's viability for industrial and technological applications. Massive high-purity quartz veins upto 5 metres in width hosted by Upper-Middle Devonian sediments are exposed on surface over the Project (see Figure 2). (1)

Simplicity in Production & Sustainable Growth: Selling raw high-purity silica is the initial target of the company; simplicity in the surficial quarrying/mining process and no need for a processing plant at this first phase, make the "Blast-Scoop-Load" motto Troy's flag at Tsagaan Zalaa. The project's development aligns with Troy's commitment to sustainable mining practices, support of the local communities in Southern Mongolia and ultimately delivering growth value to Troy's shareholders.

Next Steps

With the mining license application submitted, Troy will focus on finalizing a Preliminary Economic Assessment (PEA) study, securing financing, and advancing discussions with offtake partners. Subject to the approval of the Company's Mining License Application in coming months by the Mongolian authorities, Troy remains on track to target initiation of production at Tsagaan Zalaa in 2025, and cash flow generation from HPQ sales.

Any production decision in advance of obtaining a feasibility study of mineral reserves demonstrating economic and technical viability of the project is associated with increased uncertainty and risk of failure.

Qualified Person

Technical information in this news release has been reviewed and approved by Case Lewis, P.Geo., a "Qualified Person" as defined under NI 43-101 Standards of Disclosure for Mineral Projects.

References

TROY News Release Dated June 10, 2024: "Troy Minerals Enters Into Binding Letter of Intent to Acquire CBGB Ventures Corp." https://finance.yahoo.com/.../troy-minerals-enters...

About Troy Minerals

Troy Minerals is a Canadian based publicly listed mining company focused on building shareholder value through acquisition, exploration, and development of strategically located "critical" mineral assets. Troy is aggressively advancing its projects within the silica (silicon), vanadium, and rare earths industries within regions that exhibit high and growing demand for such commodities, in both North America and Central-East Asia. The Company's primary objective is the near-term prospect of production with a vision of becoming a cash-flowing mining company to ultimately deliver tangible monetary value to shareholders, state, and local communities.

On February 6-7, 2025, the first Meeting of the Mongolia-Uzbekistan Intergovernmental Commission on Trade, Economy, Science, and Technology Cooperation was held in Tashkent, the capital city of the Republic of Uzbekistan.

During the meeting, the two sides agreed to continue working closely to increase exports and supply of agricultural products, including leather, hides, wool, and cashmere goods, from Mongolia to the Uzbek market and decided to organize a "Made in Uzbekistan" Trade Fair in Ulaanbaatar this year.

Emphasizing the importance of developing cooperation in transportion, the two sides agreed to launch regular flights on the Ulaanbaatar-Tashkent route in the second half of this year as part of the implementation of the "Agreement on Aviation Relations" signed during the State Visit by President of Mongolia Khurelsukh Ukhnaa to Uzbekistan in 2024.

Also, the first session of the Mongolia-Uzbekistan Joint Committee on Transport was held. The two sides agreed to establish a new road corridor and routes connecting the two countries and to initiate pilot transport of goods. The two sides agreed to expand cooperation in the energy and mining sectors, particularly in geological surveys, exploration, extraction, processing, and mineral beneficiation.

Additionally, the two sides agreed to deepen cooperation in education, culture, science, and technology by fostering collaboration among relevant institutions, research centers, and universities of the two countries. They also decided to enhance academic exchanges and organize joint symposiums, scientific conferences, concerts, and cultural days.

The two parties agreed to align Mongolia’s “Billion Trees” National Movement, initiated by the President of Mongolia, with Uzbekistan’s “Green Space” project. As part of this cooperation, the two countries will work on introducing Uzbek fruit tree saplings to Mongolia, establishing a model horticultural farm in the Gobi region of Mongolia, developing new sapling greenhouse farms, and exploring the possibility of creating a “Mongolia-Uzbekistan Friendship Park.”

During its regular session on February 12, 2025, the Cabinet of Mongolia authorized the State Property Policy and Regulation Department, Erdenes Tavan Tolgoi JSC, Mongolian Railway state-owned JSC, and Tavan Tolgoi Railway LLC to finance the Bagakhangai-Khushig Valley Railway Project with the net profit of “Mongolian Railway” JSC and “Tavan Tolgoi Railway” LLC in 2024, investments in 2025, and leveraging domestic resources.

“Mongolian Railway” Company will be responsible for the construction and operation of the Bagakhangai-Khushig Valley Railway in compliance with relevant laws, international standards, and quality requirements.

The Bagakhangai-Kushig Valley Railway will branch from the Bagakhangai station of the "Ulaanbaatar Railway" JV and pass through Selenge soum of Tuv aimag to Khushig Valley and reach Shuvuun Fabric, for a total of 102.8 km. The railway is planned to have three stations and four junctions. The project will be implemented in two phases.

The relevant officials have been instructed to promptly issue the technical conditions and relevant permits required for the construction of the railway infrastructure, and its components, including engineering facilities, energy, water supply, stations, crossings, and other buildings, according to the appropriate regulations.