Mining Through Uncertainty

Electric Vehicle Sales Rise Dramatically China United States Global EV Sales 1,182,000 663,000 409,000 Europe 306,000 358,000 200,000 97,000 Others 52,000 53,000 Japan 56,000 ■2018 ■2017 64% increase in EV sales 2017 to 2018 79% in the U.S. 78% in China 34% in Europe ■ More than 1.27 million EVs are on the road in the U.S. as of June 30, 2019 ■ In Q2 2019, approximately 85,000 EVs were sold in the U.S. ■ Q2 2019 sales increased 23% over Q2 2018 sales NEVADA Mining Association MINING THROUGH UNCERTAINTY Source: Edison Electric Institute and EV-Volumes.com 96 APPLIED ANALYSIS

View entire presentation