Dear MTNT Shareholders:

As we reflect on the past year and look ahead to 2025, we recognize both the challenges and successes that have shaped our journey. The evolving political and economic landscape underscores the need for resilience and adaptability, while remaining grounded in our core values and mission.

As is typical with a change in administration, we are navigating a period of adjustment in government contracting, marked by potential shifts in priorities, regulations, and strategies. While these changes may introduce short-term challenges and slow growth, MTNT is well-positioned to stay agile and informed, ensuring that we continue to navigate these evolving dynamics effectively.

By staying focused on our mission to deliver economic benefits to our Shareholders and protect our corporate assets and land base, MTNT has built a resilient team committed to consistently delivering results. We remain confident in our ability to adapt and continue driving long-term value for our Shareholders.

We are proud to announce that MTNT was awarded the 2024 Gold HIRE Vets Medallion Award, recognizing our commitment to hiring and supporting veterans. Veterans bring invaluable skills and experience to our workforce, and this award reflects our dedication to fostering a mission-driven, inclusive work environment.

This year also marks a significant milestone for our Chief Financial Officer, Corey Livingston, who celebrated his 10th anniversary with MTNT in March. Over the past decade, Corey has provided exceptional leadership, guiding us through both prosperous and challenging times. His expertise has been instrumental in maintaining MTNT’s financial health, and we look forward to many more years of growth and success together.

Additionally, we are pleased to highlight the successful completion of Nikolai’s ANCSA 14(c)1 Reconveyances, reinforcing our commitment to the people of Nikolai and fulfilling the intent of Section 14(c)1 of the Alaska Native Claims Settlement Act (ANCSA). By completing these reconveyances, we honor those with valid land claims and promote the sustainability of the land and resources entrusted to MTNT.

The Board plays a critical role in guiding  MTNT and fulfilling its mission. We are now accepting candidate applications for the 2025 Board of Directors Election, which will take place during the Annual Meeting this summer in McGrath, in conjunction with KSKO’s Bluegrass Festival. We deeply appreciate those considering running for a seat on the Board, as their dedication to MTNT and its Shareholders is essential to our continued success.

Despite the challenges of recent years, MTNT has remained resilient, distributing nearly $1.9 million in dividends to Shareholders over the past five years. While the annual audit is still in progress, I am pleased to announce that Shareholders’ equity has grown to over $16 million, reflecting MTNT’s ability to maintain financial stability in a fluctuating environment.

Looking ahead, we remain flexible and cautiously optimistic. We will continue to focus on  diversifying revenue streams and strengthening our position in federal contracting. While uncertainties remain, we are committed to navigating these challenges with careful planning, adaptability, and a long-term focus on MTNT’s mission.

I look forward to sharing more about MTNT’s successes and initiatives with you and your families at the 2025 Annual Meeting in McGrath this summer.

We appreciate your continued support. Your trust is essential as we work toward the long-term prosperity of MTNT and its Shareholders.

Wishing you good health, safety, and success as we work together to build a bright future.

Sincerely,

Michele Christiansen
Chief Executive Officer