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Investor Presentaiton

$44,000 $40,000 $36,000 $32,000 $28,000 $24,000 $20,000 $16,000 $12,000 $8,000 $4,000 2011 2013 Source: Benchmark Mineral Intelligence - Lithium Forecast Report - Q1 2023 p52 2015 2017 2019 2021 2023 2025 2027 Attractive Industry Outlook Recovering Global Lithium Carbonate Prices Lithium Carbonate, Battery Grade, Global Prevailing Price Base Lithium Hydroxide, Battery Grade, Global Prevailing Price Base 2029 2031 2033 2035 24 4 2037 2039 Mt LCE (weighted) 7.5 Possible Growing Global Demand for Lithium Significant anticipated supply crunch presents opportunity for American Lithium 7.0 Probable 6.5 Highly Probable 6.0 Brownfield expansion 5.5 Care and Maintenance 5.0 Secondary 4.5 Operating 4.0 Tonnes LCE Base Case Demand 3.5 3.0 High Case Demand Constrained Demand 2.5 2.0 1.5 1.0 0.5 0.0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040
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