Investor Presentaiton

Growing Industry Driven by Electrification Megatrends and Regulatory Tailwinds Global EV Production Volumes and Material Demand Expected to Accelerate Exponentially Global EV Production Volumes (mm)(1) Demand for Battery-Grade Lithium (t LCE)(2) -2,289 Favorable Regulatory Tailwinds(4) -45 ~16% CAGR ~22% CAGR ('23E - '30E) ('23E - '30E) ~1,314 -21 -810 -11 2023E 2025E 2030E 2023E 2025E 2030E Global Nickel Demand (kt)(2) Global Cobalt Demand for Battery End-Use (t Co)(3) ~5% CAGR ~9% CAGR ('23E - '30E) ~4,621 ('23E - '28E) ~3,922 -241,869 -214,032 ~3,224 2023E 2025E 2030E ~154,839 2023E 2025E 2028E (1) HIS as of September 2023; (2) Wood Mackenzie as of September 2023; (3) CRU as of September 2023; (4) Per Inflation Reduction Act of 2022 $250bn DoE Clean Energy / Loan Authorization $60bn Production Tax Credit for Clean Energy (Including Battery Critical Minerals) $40bn Additional ATVM Loan Capacity $10bn Advanced Energy Project Tax Credit All Battery Materials Recycled in North America Eligible for Clean Vehicle Tax Credits Li-Cycle 17

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