Atlantic Nickel Strategic Positioning

3 13 Project Construction Status MINERAÇÃO VALE VERDE At the end of August 2020, physical progress was in line with plan at 96.5% completion. 83% of the project capex is committed, with engineering and procurement completed. Serrote's safe start-up is planned for the second half of 2021. Physical Completion: Serrote Project Overall Progress: 96.5% progress achieved by end Feb 10 985 4 5 && Lat Let G 05 0 (% Complete) Jan Abr 23% 56% 96.5% - 88% Plant Start-Up during H2 2021 Jul Out Jan Abr Jul Out Jan Abr 2020 2021 2019 CONFIDENTIAL INFORMATION

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