Investor Presentaiton

Unprecedented Price Pressure BATTERY GRADE LITHIUM HYDROXIDE PRICES (US$/MT)¹ $90,000 $80,000 $70,000 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $0 7/31/2017 10/31/2017 TSX.V: BRW 1/31/2018 4/30/2018 7/31/2018 10/31/2018 1/31/2019 Piedmont Study Price - $22,000/t² 4/30/2019 7/31/2019 10/31/2019 1/31/2020 4/30/2020 7/31/2020 10/30/2020 1/29/2021 4/30/2021 Fastmarkets PLL Study 7/30/2021 10/29/2021 1/31/2022 4/29/2022 7/29/2022 Current brunswick brw exploration Spot Price: SPODUMENE CONCENTRATE 6% PRICES (US$/MT)¹ $9,000 $82,000/t $8,000 $7,000 $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 $0 Piedmont Study Price - $1,200/t² Prices have continued to increase, touching a high of over $80,000 USD/mt for LiOH Fastmarkets 7/31/2017 10/31/2017 1/31/2018 4/30/2018 7/31/2018 10/31/2018 1/31/2019 4/30/2019 7/31/2019 10/31/2019 1/31/2020 4/30/2020 7/31/2020 10/30/2020 1/29/2021 4/30/2021 7/30/2021 10/29/2021 PLL Study Pilbara Auction 7 1/31/2022 4/29/2022 7/29/2022 Current Spot Price: $7,900/t

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