Freyr Results Presentation Deck

Giga America update Phase 1a status Presentations to select strategic and prospective financial sponsors ongoing Seeking to raise $1 billion of project-level equity Permitting for pre-construction, construction, and ongoing operations approvals are underway There are no concerns that permits will impede progress or become critical path Accelerated schedule to support Gen2, design protecting for future upgrade to next-generation process design Detailed equipment engineering and planning for procurement of long lead equipment has begun Front-End Engineering Design initiated with Building & Infrastructure engineering and architecture team Electric utilities contract negotiations are nearing completion Applications in process under U.S. DoE funding programs Targeting FID and start of construction in 4Q 2023 FREYR 9

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