Evion Group (EVG) investor relations material

Strategic expansion and asset portfolio

• Acquired a high-grade fluorspar project in Nevada, expanding beyond graphite into another critical mineral aligned with electrification and industrial supply chains.

• Vertically integrated operations include graphite mining in Madagascar, expandable graphite production in India, and battery anode material development in Germany.

• Maniry graphite project in Madagascar is recognized as a strategic EU project, with a 21-year mine life and access to EU funding and offtake partners.

• Carp Fluorspar project in Nevada provides US domestic exposure, supporting semiconductor and defense supply chains under the CHIPS Act.

• Policy tailwinds from US and EU funding ecosystems are driving investment into non-Chinese critical mineral supply chains.

Carp Fluorspar project highlights

• Located in Lincoln County, Nevada, with 59 unpatented lode claims covering 493 ha.

• 2024 surface sampling confirmed high-grade fluorspar (49.83%–88.15% CaF2) across multiple pit areas, with peak grades suitable for acidspar feedstock.

• Historic production (1958–1971) yielded ~44,900 tonnes at 69% CaF2, sold as metallurgical-grade fluorspar.

• Multiple mineralization styles identified, supporting exploration upside and potential for a connected mineralized system.

• Upcoming field program includes systematic sampling, geological mapping, and drill planning with regulatory engagement.

Market and strategic context

• Fluorspar is classified as a critical mineral in the US, EU, Australia, Canada, and Japan, with the US 100% import-reliant.

• Global supply is dominated by China (59%), with emerging supply deficits projected to reach 40–70% by 2035.

• Demand is driven by electrification, advanced manufacturing, defense, and energy security, with key end-markets in EVs, semiconductors, and nuclear fuel.

• Fluorspar prices have shown a sustained uptrend, with spot prices ranging from $450/t to $650/t.

• US government initiatives and funding mechanisms (e.g., FAST-41, Project Vault, DPA Title III, FORGE) may support accelerated development and strategic offtake.