MINAS GERAIS LITHIUM PROJECT

MINAS GERAIS LITHIUM PROJECT

Our Minas Gerais Lithium Project encompasses 44 mineral rights for lithium located in the northern part of the State of Minas Gerais, Brazil, in the municipalities of AraƧuai, Itinga, Coronel Murta, Rubelita, Taiobeiras, and Virgem da Lapa.

Mineral: Lithium
Project Ownership: 100%
Location: State of Minas Gerais
Infrastructure: Paved highway, water, nearby electrical power grid
Size: 45,456 acres

Our Minas Gerais Lithium Project currently encompasses 44 mineral rights spread over approximately 45,456 acres (184 km2). Several of our mineral rights are located adjacent to or near mineral rights that belong to a large publicly traded competitor company which has demonstrated through extensive drilling the presence of lithium deposits totaling over 20 million tons, according to its publicly available filings.

Our exploratory work to date in some mineral rights in our Minas Gerais Lithium Project has determined the existence of hard rock pegmatites with lithium mineralization. Given the proximity to areas of economically significant lithium deposits, our technical experts believe that one or more areas of our Minas Gerais Lithium Project may also contain similar lithium deposits.