Investor Presentaiton

Co-locating Spoke in Ohio with Ultium Cells' Battery Mega-Factory Key Highlights ➤ Processing of up to 15,000 tonnes input/year of manufacturing scrap from Ultium's battery cell manufacturing plant ➤ Under the multi-year agreement, Ultium to provide a secure baseload of battery manufacturing scrap ➤ Co-location enables meaningful cost savings on packaging & logistics, material handling, and significant reduction in the associated carbon footprint ➤ Anticipated to be operational in early 2023 ultium=cells Ultium Cells facility in Warren, Ohio - December 2021 Source: Ultiumcell.com Li-Cycle 12

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