TECHNOLOGIES LITHION INC.

Lithion Technologies sustainably produces strategic materials from lithium-ion batteries. It has developed a sustainable, robust, and cost-effective solution to produce strategic materials from end-of-life lithium-ion batteries. Lithion has a two-step recycling process with an environmental impact significantly smaller than mining. The first step is the extraction of the critical minerals concentrate, or black mass, from batteries. The second step is a hydrometallurgy process to separate and purify the black mass to produce strategic materials of the highest purity so they can be looped back into the production of new batteries. Lithion has completed the construction of its first commercial critical mineral extraction plant in Saint-Bruno-de-Montarville, Quebec, Canada. The company plans to build similar black mass extraction facilities in the U.S. and Europe, and is in the process of identifying potential locations. It also aims to build facilities where it will perform its hydrometallurgical process to separate materials such as lithium, cobalt, and nickel for use in new batteries.