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Investor Presentaiton

INCREASING LITHIUM DEMAND The transition to green energy has made • • lithium one of the most sought-after metals. The price of lithium carbonate (LCE), the raw material used in lithium-ion batteries, soared in 2022 from a 5-year avg. of -$14,000/t to +$80,000/t. According to Benchmark Minerals Intelligence, demand for LCE is set to increase to 2.4Mt in 2030, compared with around 600,000t in 2022. As of Jan. 4, 2024: Lithium Carbonate: US$13,537/t Spodumene Concentrate: US$1,060/t Surging Industry Demand Major advancements in lithium-ion battery technology in the last 10 years have made them cheaper and more effective. Electric Vehicles EV sales to experience a compound annual growth rate of 40% per year through 20252 Renewable Energy Renewables are expected to witness an estimated CAGR of 13.8% from 2020 to 2027 owing to the advancements in solar PV and wind energy systems3 Industrial Equipment The global Lithium Battery Manufacturing Equipment market is valued at $5Bn in 2020 is expected to reach $12Bn by the end of 2026, growing at a CAGR of 14.0% during 2021-20265 Consumer Electronics Revenue is expected to show an annual growth rate from 2021-2025 of 6.80%, resulting in a market volume of US$974Bn by 20254 https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/lithium-prices-soar-to-new-heights-thanks-to-ev-sales-66616417 https://insights.fastmarkets.com/why-there-is-still-time-to-avoid-a-lithium-supply-crunch-final/ 12345 1) 2) 3) https://www.grandviewresearch.com/press-release/global-lithium-ion-battery-market 4) 5) https://www.360marketupdates.com/global-lithium-battery-manufacturing-equipment-market-14858032 https://www.statista.com/outlook/dmo/ecommerce/electronics/consumer-electronics/worldwide?currency=usd 32
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