International Battery Metals (IBAT) Precious Metals & Critical Minerals Virtual Investor Conference summary

Key industry trends and market outlook

• Lithium demand is projected to grow 3-5x by 2035, reaching 4.0–6.5M metric tonnes, driven by EV adoption and battery storage needs.

• Nearshoring and supply chain security are major trends, with global efforts to reduce reliance on China for critical minerals.

• Lithium prices have rebounded over 125% in the past four months, improving project economics and spurring new investments.

• DLE adoption is accelerating globally, expected to supply 15-20% of global lithium by 2035, with an estimated 8x increase in production and significant growth outside China.

• Policy initiatives in the US, Europe, Japan, and Australia are accelerating diversification of critical mineral supply chains, with billions invested in domestic processing.

Company technology and competitive advantages

• Proprietary modular DLE technology enables rapid, scalable, and lower-capital deployment for staged project development.

• Media used in extraction is US-sourced, highly selective, and efficient, producing high-purity lithium chloride and lowering refining costs.

• Technology validated through commercial-scale operations in 2024, producing over 25 tonnes of battery-grade lithium carbonate at 99.9% purity.

• Patent portfolio and trade secrets protect core technology, media composition, and process control across seven jurisdictions through 2038, with ongoing R&D.

• Focus on being the low-cost operator to remain profitable across commodity cycles.

Strategic initiatives and project pipeline

• Actively pursuing projects in the US (Smackover, Utah, Nevada, Pennsylvania), Canada, Argentina, and the Middle East, with technology applicable to major brine resources worldwide.

• Exclusive partnerships and strategic alliances in South America and the Middle East to expand technology deployment and enable a complete lithium production flowsheet.

• Three commercial models: licensing, service/lease, and project participation, tailored to customer needs and capital requirements.

• Existing modular plant is ready for redeployment, with modifications planned for lower-lithium brine projects and targeted for deployment in 2026.

• Plans to build a new pilot or Gen 2 plant as part of ongoing expansion and technology validation.