Vanadium Recovery Project Presentation14 January 2021

www.criticalmetals.eu

Critical Metals for Europe

INTRODUCTION

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• Vanadium is a critical raw material however there is no production of vanadium ores or concentrates in the European Union.

– Critical Metals aims to supply Europe with high-purity vanadium without opening a new mine.

• The recovery of metals from by-products in an environmentally friendly manner is very important for Europe.

– Critical Metals aims to recover high-purity vanadium from SSAB’s steel production slag using renewable energy while simultaneously sequestering significant tonnages of carbon dioxide (CO2).

• Approximately 75% of global vanadium supply is produced in China and Russia.

– Critical Metals aims to supply the Europe with responsibly sourced vanadium chemicals.

CIRCULAR ECONOMY• The Vanadium Recovery Project (VRP) is an example of the circular economy in action.

– The VRP will produce ~6,000 tonnes/y of vanadium pentoxide flake without opening a new mine, use renewable energy, sequester up to 80,000 tonnes/y of carbon dioxide gas currently reporting to atmosphere and convert slag stockpiles into new products.

• The foundation for the VRP is a patent-pending low-energy and low-emission hydrometallurgical flowsheet.

– This is considered internally as the best available technology for recovering vanadium from slag stockpiles and will be the first time this process has been used in the world.

• The VRP makes the most of metals that have been extracted from the earth.

– Iron ore is mined in Sweden at great cost. The iron ore contains vanadium which is difficult and expensive to remove from the iron ore prior to its use in the steel making process. The VRP will recover the vanadium after it has been concentrated in the slag generated during the steel making process.

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CORPORATE STRUCTURE

ROLES Project Partners– Critical Metals Ltd (CMS) and its wholly owned subsidiary company Recycling Industries Scandinavia AB

(RISAB) are the counter-parties to the agreement with SSAB. CMS is ultimately responsible for the successful delivery of the VRP

– Neometals Ltd and its wholly owned company Avanti are the finance and technology partners for the VRP. Subject to making a final investment decision in September 2022 a 50% equity interest in RISAB will be transferred to Neometals.

Advisors & Consultants – LandPro are project managing the project permitting process in Finland– Castren & Snellman are legal advisors supporting the permitting process– Sweco are environmental consultants supporting the permitting process– A-Metodik are infrastructure and logistics consultants supporting the permitting process in Finland and

Sweden

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STOCKPILE LOCATIONS

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Luleå

Slag stored +739kt

Vanadium Grade V2O5 +4%

Net Slag Added 100ktpaLuleå Raahe

Oxelösund

Raahe

Slag stored +458kt

Vanadium Grade V2O5 +3%

Net Slag Added 80ktpa

OxelösundSlag stored +560kt

Vanadium Grade V2O5 +3%

Net Slag Added 90ktpa

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PRODUCTION LOCATIONTahkoluoto Port, City of Pori, Finland

Slag and SSM Storage ~12.5 ha

Production Plant~7.5 ha area

* Sketch for illustrative purposes only, not final.

Click here to view YouTube drone footage of the Tahkoluoto Port, City of Porihttps://youtu.be/bTDrV9GDtuU

PROJECT DESCRIPTION

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CO2 CAPTURE & STORAGE

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OVERALL SCHEDULE

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DIRECTORS & MANAGEMENT

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Jonathan Murray – Independent Non-Executive Chairman Resides in Perth, Australia20 years experience as a corporate lawyer; Senior Partner of Steinepreis Paganin. Principal legal practice areas include equity capital markets, takeovers, project acquisitions and divestments, corporate governance, commercial law and strategy.

Damian Hicks – Executive DirectorResides in Perth, Australia18 years experience as Founder of resources companies in Western Australia (since 2002) and Sweden (since 2007). Financial, legal and compliance qualifications with principal responsibilities including strategy formulation, team development, deal origination & execution and capital raising. Director of all companies within the Group.

Kris Gram – Non-Executive DirectorResides in Oslo, Norway5 years Management Consultant and 10 years Investment Banking experience. Currently COO of Norwegian investment bank.

Olof Forslund – Non-Executive Director Resides in Malå, SwedenGeophysicist with extensive international experience in the mineral exploration industry. Founder of Malå Geoscience. Commenced with Geological Survey of Sweden (SGU) in 1966 and during the period 2003 – 2007 was Regional Manager of the Mineral Resources Information Office in Malå, Sweden.

Markus Bachmann – Non-Executive Director Resides in Johannesburg, South AfricaCorporate finance professional with 20 years experience. Founder of Craton Capital. Craton Capital awarded Fund Manager of the Year at the Mining Journal’s “Outstanding Achievement Awards” during December 2010.

Amanda Scott – Non-Executive Director of Swedish Subsidiary CompaniesResides in Malå, SwedenGeologist with more than15 years experience (9 years in Sweden). Extensive experience in Western Australia and northern Scandinavia generating new projects and exploring for lithium, gold, copper, nickel, PGEs, iron and manganese.

DIRECTORS & MANAGEMENTPer-Olof Renling – Non-Executive Director of Swedish Subsidiary CompanyResides in Malå, SwedenExperienced in Power Generation and Power Distribution, particularly construction of power lines and operation and maintenance at thermal power generation and heat distribution plants. Currently Mr Renling is the site manager for several wind farms.

Mindy Ku – Company SecretaryResides in Perth, AustraliaAccountant. Diverse experience in finance, compliance, information technology, marketing and management, both in Australia and internationally (www.corpbservices.com).

Pernilla Renberg – Chief AdministratorResides in Malå, SwedenResponsible for the day-to-day operations, management and administration of all companies within the Group.

CONTACT DETAILS

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Damian HicksExecutive Director M: +61 419 930 087E: dhicks@criticalmetals.eu

Pernilla RenbergOffice ManagerM: +46 703 225 133E: prenberg@criticalmetals.eu

criticalmetals.eu @CuAuNiFeLiCoC

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