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, 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 (Direct Lithium Extraction) is expected to supply 15-20% of global lithium by 2035, with significant growth potential outside China.

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

Company technology and competitive advantages

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

• Media used in extraction is US-sourced, highly selective, and efficient, allowing for high-purity lithium chloride output and lower refining costs.

• Technology validated through commercial-scale operations in the US, producing over 25 tons of battery-grade lithium carbonate.

• Eight patent families protect core technology across seven jurisdictions through 2038, with ongoing R&D for next-generation improvements.

• 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.

• Exclusive partnerships in South America and the Middle East to expand technology deployment.

• 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; targeted for deployment in 2026.

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