Cosmos Exploration (EAU) Q2 2025 TU earnings summary

Executive summary

• Entered an exclusive option agreement to acquire 100% of EAU Lithium Pty Ltd, gaining access to Bolivia's 23 Mt lithium resource in the Lithium Triangle.

• EAU Lithium selected as sole partner in Bolivia's 2024 public tender, joining a select group of global lithium developers.

• Brine samples from Bolivia's premier salars collected and en route to Germany for testing with Vulcan's A-DLE technology.

• Strategic focus on sustainable, scalable lithium extraction and supply chain development in partnership with Bolivian state entity YLB.

Significant events and developments

• $150,000 option fee paid for 12 months exclusivity, with option to acquire EAU Lithium via share issue and $525,000 in funding commitments.

• EAU Lithium to appoint 2 directors to a 4-member board upon option exercise.

• EAU Lithium holds a non-fixed-term license for Vulcan's A-DLE technology, with cost-plus license fee upon final investment decision.

Segment performance

• No on-ground exploration in Canada or Quebec during the quarter; micro-XRF analysis ongoing for Nunavut samples.

• Project generation and evaluation activities ongoing to complement the portfolio.