Exhibit 99.2

10tionoductrInyarteirporP dan alitnedfinoC This or tsevintion taseneprthis (”) tiontasene“Prs etelaro ta opseod prs busisnetuat, e l eaccivncorre oerias ls y If f tions tizor susase mproathempif anrisk’the yCompan s sultercould er differialtly maom rfthe s sulterimplied y bse thed- arorwfilong ok ction ombinathe (s “Busisne”) tionCombinaeen twbeon sienngtKapitaCl cquisition A ” C. Corp”) Aor onsienngtCVI and “K(“KNth , cleyC. Inc(“Nth ” cleyCor the y”). Compa“ns. tementtase Thery mabe additional s riskt thae art notly seneprwn knoo tthe This tion tasenePrdos et notaicn onall the tion ormafit nthashould be ed csideronwith t erial thate immas aervtly belieenC currACy or Kt the CompaC nor thaACy or KCompan t speecro tthe opseod prs Busisnetion Combinaor y anacyicng ompanfinancing could also cause tual acs sultero ter diffom rfse thotaicneond in the id-long okarorwf Disclaimer tion. asnactrthing Noein hershall be deemed o te ttitucsont, tmensevinlegal, x, tas. tements In tat s st’fleciCd-loemeneng okaddtition, s arthe rtaorwAs’yfaCnd CompanK financiaou l, should acticng oucnousult onr or ther wn yoo. advicceousel nYand x taand s, tiontaxpeceplas nor s tecsaorff oe tuurfs tenveand s wvies af othe e tdaf othis financial s advisors ao tlegal and ed telars erttmaconcerning the s erttmascridebed s tspemeneak tonid-lotaly ng okas f asre y e orwtion. , otthe matheadertaFadand senePr ein. herNone , f CoACthe Ky Companor their e s etivspeetivcrtaseneeprror s etaffiliasly e C sedno ution, isclanderitaxpry oblkm tion, aAigand oblaiganeCthe y Comapand nK s emaky antion taseneeprror , ytanarrws sexpreor implied, s ao tthe , yacaccuro t, etupdaer altor therwise ovise ery anid-long okarorws, tfementtasther whes athe s senetcompleor eliabily itrf othe tion ormafintaicneond in this tion. tasenePrThis thing . Nowy laed bequirs t racepx, etherwises or otenve etuurtion, formafw inf nesult oer tion tasenePrdos et noe ttitucson(i) a tion solicitaf o, a yxt ocsenonpror tion athorizauin this tion tasenePrshould be ded egarrs aa tion taseneeprry by anson pert thathe opsetion or (iod s ComBusiis) binef the prnat ospeey seccus or iritien ro ant tspeecwith rid-long okarorwfs tementtast seorth fein herwill be ed vachieor t thay anf othe an er ffo otsell, a tion solicitaf oan er ff, o otor buya etion commendaro tchse apury aned templats sultceonrf os tid-losuch ng okemenartorwtawilfsl bou e ed. vshould achieY s. etffile aiativspeecf their ry o, or any, the CompanCACf Ksecuy oritt noplace undue eliance ron id-long okars, torwementftaswhich speak only s af othe . e madey are thetda Certain s, tementtass, ettimases tgetarand s tionojecprin this tion tasenePry mabe s tid-los. ng ementoktiaad-loeng rlemene okly d generorwtattacrsideronorwFtaselao strfy tion fiormta or nAnaatanciail cnedation d onfint his taan bnosentheeis en ePraudd itin e s tus utrfen’vCeor or ACthe Ks ’ye Compatunurffinancial or ting aoperorma. ncpeerfdancace corwith the ds tandarsf othe Public y Compancticng ouAnt sighervOd oarB or Fa, mplexs etementtasdieng garrssaeble addrt emarkopportuns, itiethe s ’yCompanand dos et noorm fcono ttion egulaX. Ry S-Ansuch tion ormafinand ta day mat nobe s tiontaxpecedieng garrenue vermodels, cial commerscaling and t ernmenvgoundfing included in, y mabe ed tadjusin or y mabe ed tseneprtly enerdiffin the tion atregisr opportuns, itiethe e tultimae sizf othe PIPE tion, asnactrthe tion acftissaf osiclong ting t C elao to ementrthe topseAobd e taprCss Busisfineled tion y CombinabaKnd the conds itiono tthe s Busisnetion Combinaand the timing f othe tion complef othe eitan. itus cnespoond therecprt/ementtay sxopr s Busisnes. temention id-loComng tbioknIan ae rtaorwarssome fs, cseaou ycan tify iden id-long okarorwfs tementtasy bermitnology such s ao pr“”, ormafy”, m“ashould”, “In this tion, tasenePrthe y Companels ieron and s erfero tcertain tion ormafinand could”, “”, tm“igh”, pla“n”, p“sisbleo”, tojecpr“”, etrivs“”, t“budge”, tecsaor“f”, txpece“s tictistastaineobd om rfd-pary tthircs esourwhich it s evbelieo tbe el. iablerNeither end”, t“in“will”, ”, et”, timaeset“ticipaa”, n“ev“belie”, tedicpr“tial” entp“oor ”, tinuecon“or C ACnor Kthe y Companhs atly independenerified vthe y acaccuror s senetcomplef o d-arorw. Such ff them or sis tionmoiermlaair riatnologys ermor vse f tthes oetivthe negay ansuch d-pary tthirtion. ormafinThis ta dais t subjeco t. changeIn addition, this ilong oks tementtase art subjeco ts, riskuncs, tieertainand ther os ortacfwhich could t tion that puormtion arpdoo s ortabnoet io ttae e cn aor f aftthe lonlil-il nsenonclusivePr cause tual acs sultero ter differialtly maom rfse thosesed xpreor implied y bsuch y mabe ed equirro te maka ull fsis analyf othe y Companor the s Busisnetion. Combina id-long okarorwfs. tementtasse Theid-long okarorwfs tementtase arsebad upon ancf tion e vy the oaaluand aComf nd paelet ne vethe own s should ciitThe pienreomrak s ettimaseand s tionsusampt, thawhile ed csideronsoneaable ry bC ACKand s ity adequacf othe tion ormafinand should e maksuch ther s tionotigasevins ait des em t, managemenand the y Companand s itt, managemens athe cse ay ma, bee ar. necssaertion yThis tay senemaPrtaicn ons, ademarktrservice s, markade trnas meand tly eninheruncertain. s ortacFt thay macause tual acs sultero ter differialtly maom rfs tyrighcopf other ocompans, iewhich e arthe opery tprf otheir e tivspeecrs. wnero t encurrs tiontaxpece, includet bue art noliemd it: ot(i) chas ngein applicable s wlaor Solely or fen, iencevconsome f othe s, ademarktrservice s, markade trnas meand s; tionegular(ii) the psisbioly itt thathe y Companor the combined y company mabe es td yrigherrcopfeo rtin this tion tasenePry mabe ed tlist withouthe TM, SM, © or ® ed ts; ey sely corther or bter, ffe oacaadvectitivcom, aponomfnd/iceoryts, busisneegularC and Aymbthe ols, Cy st Combupanwill Kserst, at o tenutt the xnder ulsleefapplicable aci) ls; or itiefitas bif (ivits ls y feoeitcxpoaaftnd endpitaitul tiprrmaes se(iii) ’ythe Compan, wlathe s trighf othe applicable s, wneroif , yano tse thes, ademarktrservice s, mark the tion oluvef othe s temarkin which the y Compans; ectompe) v(the abily itf othe s. tyrigade nahs amend ctrop end optuaell ery; vilets ) tity cpro (fithe Comntpanderisk t ththe ay Comwipalnl need o t aise radditional capital o te etcuxes its busisneplan, which y mat nobe ailable vaon C Neither ACnor Kthe y Companis under y antion, obligaand sly sexpredisclais my an taacble ceps ermtor t aall; vii) (the risk t thathe y Companxperiencs eeds ifficultiein , ytduo te tupday t anementtasmade in this tion, tasenether Prwhes aa sult erf ow ne managing s itwth ogrand xpanding es; tionaoperviii) (the risk t t thaernmenvugondfing tion, orms atw elopmenfneinvor t dec, eptherwisexo otet the entxt thaee dsuisclory ma opportuns itiedo t noe erialtizmaor fthe y companin ed tticipaanas, merftimein . wy laed bequirbe r ed ts, teasmout or quenraall; s ther ) (ixand riskoorth us nct tieertaiin sefnthe portion f o ”. sortactitled “Risk Ftion entaseneo this Prx tthe anne yC6r oi2tpNcg0 2tl©heh yC

20tionoductrIn alitnedfinoC danyarteirporP Imt portantion formafInor s aortsevInnd Shas eholderrNth , cleyCs its, ortecdire etivcuxes, fficerother os memberf ot, managemenand es, eyemplounder C SEs, ulery mabe deemed s patrticipanin the tion solicitaf os iexopr The s Busisnetion Combinawill be esubmd itto ts eholdersharf oon sienngtKor ftheir tion. acsideronIn ction onnecwith the s Busisnetion, Combinaon sienngtKends tino tfile f os ’onsienngtKs eholdersharin ction onnecwith the s Busisnetion. CombinaA t lisf othe a tion atregisRt ementtaSwith the C SEthe (tion atregis“R”), tementtaSwhich will include nas mef osuch s ortecdirand e etivcuxes fficeroand tion ormafindieng garrtheir s tseertin a y xoprtus spoecprt/ementtasand certain ther oed telars, tdocumenwhich will e servs ain the s Busisnetion Combinawill be included in the tion atregisRt ementtaSwhen Disclaimer th bothe y xoprt ementtaso tbe ed tritbudiso ts eholdersharf oon sienngtKin ction onnecai.lableva with s ittion solicitaor fs iexopror fthe e tovy bs its eholdersharin ction onnecwith the tinuedCon s Busisnetion Combinaand ther os erttmao tbe scridebed in the tion atregisRt, ementtaS s aell ws athe tus spoecprting elaro tthe er ffoand sale f othe secus ritieo tbe sueisd o t s secuyholderritf oon sienngtKand s secuyholderritf oNth cle yCin ction onnecwith the tion complef othe s Busisnetion. Combinaer ftAthe tion atregisRt ementtaSis ed declar , etivecffeon sienngtKwill mail a e finitivdey xoprt ementtasand ther ot anveler s tdocumeno ts its eholdershars af othe d ecorre tdatablished seor fting ovon the s Busisnetion. CombinaThis s seprse elearis t noa e ttitussubor fthe tion atregisR t, ementtaSthe e finitivdey xoprtus spoecprt/ementtasor y anther ot document tha on wisienngtKll send to its shs ieholderarn ction with the onnecs ComBusisnetion. bina S ORTSINVEAND CURITY SES RHOLDEARE D VISEADO T, READWHN EAILABLE, VA THE TION TRAGISRE, MTENETATSXY OPRTUS CSPEO/PRMTENETATSAND ANY THR EO ANT LEVRES DOCUMNETFID LEWITH THE C SEY FUARELLCAND IN THIER NETIRETY IF AND WHN EY THECOME BEAILABLE VAUSE ACBEY THEWILL AIN CONTANT TIMORP TION INORMAFOUT ABTHE SS BUSINETION COMBINAAND THE S TIEARPO TTHE SS BUSINETION. COMBINAs ortsevInand secuy rits holderwill be able o ttain obcs opie f ose thes tdocumen(if and when ) ailablevaand ther os tdocumenfiled with the C SE ee rff oge chart avgo..secwww. The e finitivdey xoprfint/al ementtastus spoecpr(if and when ) ailablevawill be mailed o ts eholdersharf oon sienngtKs af oa d ecorre tdao tbe tablished seor fting ovon the s Busisnetion. Combinas eholderSharf oon sienngtKwill also be able o ttain obcs opief othe y xoprtus spoecprt/ementtast withou, gecharonce ai, lablevay bting ecdira t esquer: oton sienngtKapitaCl cquisition A. CorpVI, 00 41Old try Counoad, SuitRe 31, W0, tburyseNY 1. 0951 as itrticipanPn the Soltion icita on sienngtKand s its, ortecdire etivcuxes, fficeroand ther os memberf ot, managemen and s, tcsultaonnunder C SEs, ulery mabe deemed s patrticipanin the tion solicitaf o s iexoprom rfs ’onsienngtKs eholdersharwith t speecro tthe s Busisnetion. Combina tion ormafInabt outhe s ortecdirand e etivcuxes fficerof oon sienngtKis t seorth fin s it tion atregisRt ementtaSon orm F1, S-s aamended. dditional Ation ormafindieng garrthe s patrticipanin the y xoprtion solicitaand a tion scridepf otheir t ecdirand t eicndir s, tseertiny bsecuy ritholdings or , therwiseowill be included in the tion atregisR t ementtaSand ther ot anvelererials tmao tbe filed with the C SEdieng garrthe s Busisne tion Combinaand ed telars tionasnactrwhen y thebecome ai. lablevas, holderocktS tial entpos ortsevinand ther oed tseertins sonpershould ead rthe tion atregisRt ementtaS ully fecarwhen it becs omeailable vae orfbeimang ky anting ovor t tmensevindes. cision When ai, lablevase thes tdocumencan be taineobd ee rff oge charom rfthe cs esour ed atindica.evbo yCroitpg h6 202©Nth cleyC

30tionoductrIn alitnedfinoC danyarteirporP Nth Ccle aynd on prsienngtKopseod busis sne tion asnacrT ction tombinao build U. dome.Stic criticsal metals wervievO and re eaarrs cthay​pacit on hsienngtKs idenatiiefd Nth Ccle ays a viewrveOal SapitCtureuctrVtiaualon unique and compelling it tmensevn opportuny thitt has deaeloped avnd is cialciommerzing a breakough mothrdular 0M32$100M$$M585 oetrelecxtion ractrefining platform tht wiall edtegarTIPPE iSz e htiw$4 M0 enable the fe otuur the Uf. dome.Stic s edttmmico critical metals supply chain.​ Spsor + Tont Ogearwerviev Vtion aaluand Csh asitionoP1 apitaCl Setuructr Nth C: Ucley. c.Sy pioneompanering Nth Ccle shys reholderarolling oer v o Prforma enerprise vtalue o f % o100f ey​ quit one of the ft, cleasetsat, asnend $5M 85 t csmot mofapitaficienl-edular 0M c$4ommon sotck PIPE etchnology plas formtfor rfinieng 10M pr3$o forma csh tao fund commeittd fom nerw and eting isx critical metals s; taortsevinting $ger100M at s gbusisnewthor​ siclong U: SP.CACKC with $A0M c32sh a e entivacttrAtry re ttivelao critical on spsienngtKsor pron: 7etomo% 5 held in trust and mt tanagemeneam erial ptmaeer goupr t on trtingencont rustion aentend + bd ooarf ds with vorteciralue C pA-deSPtpsoormance​ erf added itrial endusxperience and % o100f proceeds rtaiened in s rbusisneshtionis​pela busis fsneor gwth corxape 1) (ssuAmes no edretmiopns yCroitpg h6 202©Nth cleyC

40tion oductrInyarteirporP dan alitnedfinoC shipeaderL eeman ffi FraR , PhD Con’norMegan O Leadership and ounder aCond -Fif FnaChnciafficiel Oer ffice Oeretivcuxf EChie ’yodate prsertenss​ ounderFle-d, with deep indusetriach l t cialciommerztion eaxperience.​ xps Eerienceae r+ Y41 15xps Eerienceae r+ Y cial sco caom la; leomb tmerrcle fyed Nth CL oad erBpxerience in indusciaeltriach cil tommerztion aas 0M+​9aiserd $ f, inounderves, advorta, operortsior​ y; sitertae Unl ivEngionnemeneriving, DukrPhD in En Raise0M i5n id >$6snoitntuita claapit al dnled/ ysiterale Univt Ycher aseaerR participate idn multiuble pplmic arkets listigns , g , NBlo5F omEPioneberer20TIs 2Meadere LtE 10 Cl0ima artner e PturenVt Clean EneragyV eturenors; fVPer m 00 Under 3orbs 3es, Founderemale FI00 FNC 5 Biusnet Ou asssT) OQ:USASDNAer (t yC6r oi2tpNcg0 2tl©heh yC

50tion oductrInyarteirporP dan alitnedfinoC t A Glancecle AyNth C wervievO finiyeng cy criticompaaanel mls riner-placle is a puryNth C ouFndde 7102 00M+5$ 3 Headqutaesr s00+ Hou4r,3Pipf eline ot ernmenvoG undFing Opportunsitie erticatals ls ve metivcA tionaul operfSuccsses Burlon, MAingt ttion planatrf Ohsio demono wingoand gr Mutiplle siBuness Modes l tary opriePr OYRTESormtf® Pla ]+] [PraNd] [e rEs [tharRCu] Copper [ ginsnceiL & tnemipuqE​ ealS >eryveco99% R>% Puyrit89 oa&s Ens, LtanrGs socry Aquit i]ithiuL], m [LCoNel [i], Cobalt [Nick gllinoT tnednpeednIgininfeR , Cleanerertsa, F, CheaperModular talsMultiple Me Mesaltt & MaesrialaliV dtad e Witf thlParmo seaor Btsevong IntrS 12 1B1.$ 2 s xpationndEo 2 loicng ta Funidn tgo dtae ss pasorld-clartnerwith w t ae oirEth JnarSigned R t oBiducnding Pr cial t and CommerelopmenvDe e1fftaOk s term Sheeicse BienLnding T 2M9$ Ptanest g g nniiddaaeeLL llaaiittnneeddiiffnnooCC rreeyyaallPP yyrrttssuuddnnII amils3 Fie ty binderm sheieng t-pae-orear taky10- 1o)j eetPa(rdcl uv,e assumaes b9iy0% lpaities on Nel iacknd Cobalt MHP and 100% on iLthium aCrbeot n– aprices aabniyd lpaities based on maeeantsoctary r1,g 1te aetMsF0t$1Bmiaae- ssf. ete s nrmokFa dollaarl uve assumes base case ae3n8,eooc0td2 sarr 3a 5 sgea0u2rsy n-sffdess3 / 042ki $n3 042​ yC6r oi2tpNcg0 2tl©heh yC

60Opportuny it alitnedfinoC danyarteirporP Wy hfinieng RserttMa Critical mals: iner The lat bsgerttleneck too the new oil shorionng these supply chais n t aJuss poleum detrefined 2tury 0th-cen is rfinieng economic and geopolitical p, criticerwoal amls ainere the derfining rcs oesouerf the t cs12.turyen f criticoal mal rinerfinieng is %58 olled btrcony China. A tiger th grip than OPEC eer hvad on oi.l​ coue:r Numkan,e Critical inaerls e arthe wN eOil and old, lobal oly icPJournal t.O c202 yCroitpg h6 202©Nth cl.eyC

70Opportuny it alitnedfinoC danyarteirporP t AernmenvGotionc The US is acting deely cisiv tic sDomey aolicPnd capital ae arligned to break s g’Chinarip on critical mals rinerfinieng. o gatin mal iinerndependence​ ork hs bateen sewamery folicPundivt. fng oppSigortut pinnpifics​aitief US goelnine o ocusing the eFs oortfff the U. go.St ernmenv...[ u]pon fOfice of Setgic Catrapital — t oDepartmenf War​ ending auLy cthoritering criticvoal mals ainernd tanding usp procsisng, refinieng, and megictaall cluray pacit 100B$ ed itelartrial bandusse i¹​sttmensevn t bmuse a priority if we ae goirng to succeed in reducing “ our reliance on China for critical mals.iner” trial Indusse aBund (FIBF) – t oDepartmenf War ​ ortnaSe coMar ubio (RR-Fla.) &antisarbip sguecollea i n aallc orf Specifically for is ittmensevnn critical mal iner tionca o tcurese ysuppl chains an dducere U. .S liancere Conhina 32m0ver 2beNo 5B$ supply chais​n Pejorct Vault — US Setatrg ciriticCal Mails ner Rvseree​ EXIM-le pudblice pata-privship rtnerF( eb); 6202 12B$ lart sisgengle EXIM ct iommitmenn -29ear hyor²ytis w: Noetion is ecuxEerythingv 1) (Office f oetgatirc SaCpital, taesblished under One Big Beautiufl Bill t cAJ(uly 5); 202(2) EXIM-led publicet -aprivpartsnheri,p announced ebruFary . 6202 yCroitpg h6 202©Nth cleyC

80Opportuny it alitnedfinoC danyarteirporP aditionarl TfiniengR aditionarl rTfinieng is wSlod tHaro ge aLarnd expEsiven​ ermitPixblefleIn difficult to build in the Wt​se Pips ceoming fom a rre eaarrth smelting plat spnw peed woltluer itao a vtnt tasailings dam near Xinguang Vi, lollageed on tca the ouis orskttf the city of ou itaoBn Chs 'inaInner Mongolia Aonomous tuegion. OcRober 3t1, 2. 100vid Gra/DSRREUTEya yCroitpg h6 202©Nth cl.e yC​

90tion Solu alitnedfinoC danyarteirporP Nth Ccle yfiniengR Nth Ccle hys craed a moteadular rfinieng plaormtf The ky teo unilong criticckal mal suinerpply chais inn the W.t​se ertsaFCleanerModular Cheaper​ 1, 2 al apitCInnsitety​Time to rmPeit and al onmnviEnetrMinimum Viable t2uctrConstionsConsirade; cityaapC tionaocL -5 y4s or moreare gytalluromedryHx $oAppr000 / t,72onne ge aLars otmounf acidic Difficult to scawn, le-do 0M - $5$61B / prtojec& aali wlketsaally gener>0 k4y tp capacity ge deLared ftdicaacilyit s lAittle as 24 monsth3 Nth Ccle yo-trElecp tUo 70% loer cwapital , fModularom 6 kry tp p tUo 75 le%s wse tsa tionactrxEysitentin​ caypacit​ due to isitu chemn-ical 3 / t3,$~38onne​ tion, roducprtion, aegener an bCe ceodt-loca 0M / si0-65$~ngle and we rtsacling2yec module​ 1) (tietsmEda 4,020y0 tpNth cle yCblack mass plta ncapital etnisinty f ootn/n$e 8,333s. vcritical etrmiaals p' esertieste smat aotn/ne 8,5002$) clie(L-yCand otn/ne4, 0200$scA(end); (2) fletse cr managetm entieste;sm a) 3(assumes 2 1-modules yCroitpg h6 202©Nth cl.eyC

01tion SoluyarteirporP dan alitnedfinoC ®RTESYThe O tion actrxoetrElec s1tions & ApplticaentaP ®​RTESYand the O E LCYC HTN ) 520t 2Sep6 (95,404. 12t No,enta. P.SU ) 520t 2Sep1 (59682220. 2t Noentaaliatrn PusA ) 520t 2Oc7 (90,071,. 3t NoentaanadCian P ​ odhtem & metsys noitispoed altem alcmiehocrteclE koctseedF azial, lia, Brtrs pustiont aendppliicng iaenn Ated patelaR aael, Jfpa, Ificndt On, ia, sreIentaopeaan Pnuada, Ch, CErile th , Soue, Singaportaraealand, Qow Zc, Nec, MoricoxoMe s.ettaea, aend Und Sitorricfth Ka, SouA tcuodrP E LAY ) 1​20ug 2A (8​78,3101,. 1t Noenta. P.SU ) ​52. 120aJt n 2No99 (,,38en02ta. P.SU s altem fo yrevecor & noitaarpes alcmiehocrteclE art 1ocsiesng eP-Pr1. Prart 2ocsie2sng eP-Pr. Pr®RTESY. The O3ocsisnge-Prtso. P4 e licse enclusivxE om erd ftals dsolvisMe s atnd oduc-pryBs eptocsisng seetion ce prombis thacnertrxo-etrEleced and ert filtoducPr D RAVRAH o an tock itneedssolid f.t​en ouimpus taritiekt tincer diso delive tturechcito one singtle arindo pariertner d t .aquetion​ous solue the chemictals ase cs. Theeltagels generanadv.sption​ecifica ) 71​0v 2No (7​15,728,. 9t Noenta. P.SU s cleyecr/setaegenerery and rvecotal ror meneeded f ​ odhtem dan retilf beutoann nboarc alcmiehocrteclE es, pticduciermng loittigng, ep 1 risto sthem back t .​et and sizcsoe licse enclusivxE TE:e NAdOvbiaogaTrmEoR ipsacSr moxe1sns)pe; l tYIeef(iax n ctococolrEnlul euse&txe di rlevsOc iecenses yC6r oi2tpNcg0 2tl.©heh yC

11tion SoluyarteirporP dan alitnedfinoC acily itF cial Commer s​00+ hou4r,3%​8999%> acily ittion FatrsDemon timeunRt puyoritduc rPeryvecoR airfield, OHF shtnom 81 anht ssel in tilub dan edttmireP tcuodrP lekNci yC6r oi2tpNcg0 2tl.©heh yC

21tion SoluyarteirporP dan alitnedfinoC ixbily itleF ocust FenCurr cle can yNth C shtarE earRumhitiL ,talboC ,lekNcirpepoC aonge cs a rsepr egtic atrf so ​amls​iner xpae sionnEtuurF umintalPumdiaallPumodihRumniehtuRumdiirIummisOdloGrevilS ithel, Cobaiult, m, aLnd e ears, NthaickrR , with yodation toundaorm the fCopper f tinum pla/eciouso prtxpasion inned etticipaan taels.gtic meatrther soup and ogr , orm: Nd, Prtfed usitng plaalidaerials vttals and ma12 me aephu + gitr, N, Mn, Coi, Cu, Ai, Ti, V, LySm, D yC6r oi2tpNcg0 2tl.©heh yC

31tion SoluyarteirporP dan alitnedfinoC t Opportuneyittals MarkMe el, cobalt, e ears, nthickars rsoDemand rising acr suing a trilPulrion-dollar lithium, and copper compounding with trielection, deicfaf, and Aseens.​I buitld-ou t opportuney​ittals markme u] GoldA[ ithiui] LmL[Cu] Copper[ s tae rEth ElemenarRithel, Cobaiult, m LNickCopper tienum cious and PlaPr erg] SilvA[ ] CobaltCo[ e $Bt SizeMarke $Bt SizeMarke $Bt SizeMarktals oup MeGr s: Other elN[i] Nick $Be​t SizeMark alladium ] PPD[ 0B7$ tiPnut[m ] Pla 86 smiu] Om sO[ 00B3$ 00B$6 982 0B$6000B1,$ ] Iridium Ir[ 079 ] RhRho[dium 0B52$ 00B5$ thenuiumu] RR[ 0B5$ 243 0B57$ 00B2$ 00B$4 0B$$4 841 363 0B51$ 00B5$ 00B3$ 0B3$ 434 842 100B$ 00B2$ 0B2$ 28 0B52$ 0B5$ 10100B$ 10B$ 4202 03020402 420242024202 0402030204020402 Scouesr: Based on managettmie sete snmaand thd-iparrty scouesr. yC6r oi2tpNcg0 2tl.©heh yC

41tion SoluyarteirporP dan alitnedfinoC enue Models​veR s soe bsueeis mod acrse busisng puThenedels arr Multis mople busisnedels f t osified seererticals, with a df the viveach o .s​et axpsund eorceonomic emark ao balue endelad tncte vin enue​veot, risk, & ti-rmee-turcap ollingTIfinieng​t Rndependen t Sale​icquisienpmenLng & E s​tojecwned prd-pary otorm in 3rtfR plaTESYe OtizMonefinservici-a-see​ng-aReam​trenue svePrimary r es aend t fonrfough upenue thrveote ti-rmet-o acasitioneocd telerP. ​ollor ting partnert fe plantivapCerm tacils uitiender long-cle fyfit Nth Cne criticaael mls ainerR as ltieyotion, plus ongoing ructrs duenuering csonvet requipmenacily itee in a fonne servicte f-or a perock fteedss ffine paretner’Rs atnd oeemenock agtreedsy f-paebi-ornding taks etaffk tion.​duaring oper.​ o partnert ttpuer ou, & delivcleyy Nth Ced btaoper(dffit pasrtieener ).​ . ogicsin​sng metaaeble prrdicPrt finaojenccewned with lad or prulicn bly osiCene fng & t finaojenccewned with lad or prulicn bly osiCene fng & . ​t saele + cquiapmenrry eyquit .​t saele + cquiapmenrry eyquitf ecel oonomtion.​ic particivpat les haHigshe artner​olling PTFock Sutppleier​eds Feeotkcds icse​enLes et fonrfUp t​ quipmenEenue vet rquipmenE Rfineet​tpuoud ​ Feeotk​cds Servics eas​ ltieyoOngoing r enueveService r Rfineettpud ou or​taOper/awnerry Otd-P3r Oe fftaker​Buy yC6r oi2tpNcg0 2tl©heh yC

51s seogrPr alitnedfinoC danyarteirporP sonetMisle Binding cs acrtommitmens rsoe eaarrs th cial aCommernd prt ojec and el, CobaNicklt, ithium; aLed bnchory a 1B 11.$ear oy0-e1fftak s acronetmisles ousor s sbusisneeas​mtr e arRarEsthel, CobaNicklt, ithium, L& Graephit SIGND - ECH 2MAR6 20SIGND - ECH 2MAR206​ BINDING JOINT OPMNET ANLDEVED NSILICENG TERM SHETE , 11B1.$yr ta0-y bi-pae-orknding oe1​fftak onIic e arRarEsth Nth Ccle yAnnouncs eLandma kr 11.$iBllion fOftake At with eemengrTar ,aigufrpaxnds Es itionapOern .SU a.nd Eopeur US + EU​ t siFre arRarEth s (tElemen) paREEy thawtht a IN OPMNETLDEVE s Chsesypabina for rfinieng and oalic acid2x eUnd Sits - Souettatsthea SIGND - ECH 2MAR6 20 BINDING JOINT OPMNET ALDEVEGMERENET TERM SH ​ET​E It ndependenReifner tial fidenConE prREt​ojec IN OPMNETLDEVE opean uErUnion - Wern tseopeuEr Second re eaarrth opportuny; joiitt n t selopmenvdee with a leadturtrucing itry ndus partner​It ndependenRefiner 1) (ojeetPrdc aluv,e assumes 90% abiylpaities on Nel ickand Cobalt MHP and 100% on iLthium aCrbeot na prices and abiylpaities based on managetm entieste smaf ots teMaasrkFeary 10-eoctr, aFs1$1B. dollar aluve assumes base case and uses 3042 g /k$or fesa ry3802;3 502-(2) t FsirWetrn esy awthpaot uflly ypabss Chinao-lctlroend opcressing or fbth ofienirng and alxic oacid otpdiruocn​ yCroitpg h6 202©Nth cleyC

61s seogrPryarteirporP dan alitnedfinoC stymenGlobal Deplo eorm achnd tnology tfcle playNth C s​tymenxpando gilobang tl deploe chieAvedPlanned T/ tgear ounding & FIPtionalidaVcial omCmerScaling 32901 2-0 26 24 -20 2026​210 2QxepEtde 9i2cn0 2 oecr tPss resyOcCioamlm e​ rorem ​ aErattrfh2 x PlRael, NCobaiclkt, etPdiloactiionl Faityt​rDemonsest​ceCgimoaemnrlm eArt #y1 mDeenploithLium​ 6202 3202xeEptde 9i2cn0 2 Tfiag uaBirrnding 7012xeEptde7 i2cn0 2 Burlionn gtel, NCobaiclkt, Offetak ouConymd eFpadnt​ymDeenploe aEratrhs ​R HQ opened​t 2​#y mDeenploithLium​ Signet d aIPEM alongside Stargeyu eBmu acrrnd John Jovanov, icUS EXIM yC6r oi2tpNcg0 2tl©heh yC

71s seogrPr alitnedfinoC danyarteirporP US Got ernmenvundFing Sigt fnificanunding opportuns; itie 005$M+ 00 m5>$illion in ptial gentot, anr edtesquer , aeyquitnd loan funding with US 3M 02$EXIM OI aLedvoppr1 t​ernmenvGo Ft asirds aarwnd funding cs etommitmened txpec within 12 mons​th1 Fal debedert, e, ayquitnd gs, if deplotanred, wyould educe rTCo copapital needed per protejc ygencAt/Dep.Funding Opportunyit Nth Cclye tial eentoPxport cols atronnd price support, if is engaged DOE (CMEI)​tanGr ed, ctenacould rce morfeingis​nar with multiple t ernmenvgo fs​agencieor EXIM anBkoanL t Selecy olicPstEngagemen tialentpo ygencAt fesqueRor Public ComtmenetioncommendaR undfing C (SO) / oanLDIC B t. oDepf War Phsead in epxort cols, tron t + anGr()​yquitE US t ComDepcemer2 32tiontigasevIntic ssdomeale rs, temenequir and price flosor t. oDepf ce CommeryquitE sigeDn of a al ertPlurilaPhsead in export cols, tron fOfice of the U. .S CH)​IS(P t on eemengrATade irn tic ssdomeale rstemenequir, Tdae rReeprvtitaense Critical Malsinerand price flosor 1) (Nth cle yCes makno titesoaeensnp rrtth ait will be deawrda y anf othis ufnding yCroitpg h6 202©Nth cle yC

81ship aerdeLyrateirporP dna laitnedfinoC elcy ChNt hsaei​mp treedaL ,hPD​ noConr'Megan O emean​ ffiFraR eic si,thP​D.V hC daD Ouo anerdCondEC F-i fFnaChcinafficiel O​ret​tsiuonfec Si ardenoCh dCnieF- pxs Eerncieaee r Y+41pxs Eneceriae er +Y51xps Enireceaee r+ Y02 M0 9caics lco amo la> ;$elomb termr feclyed thC NL ,rota p,oerortsev ,inuoedrnxpecneirs fa a ee eivsentxE10+p 0eer-veierws; tneta senoitmild nutplbdu ap pelica ,0T 5,G SIR, NBF EoiPen0en3Ur d0 broers 3aesei.d rF ont.ieritaahcl ticanvdd arois inoolalni gy cizsnudmomer remor. Feche tlnoogyc cleroyf C hNtor otenvin .I5N C20 s2redee altait lClimflenuat InTIMs1 E00 oMnoitattiul casie 0iMa5patii n$> ds6la nel dnR/df nEgirs osi hectohSneenolo iren gforP&pl Apied tal onemnvir s.PhD in ounEerndemal eF 00F5e turnetisV .ngsl tisee idt tlnimupallbppeu rictimci aaprkt nSccie saeH.try .PhiD enmCh isyisterd nUivararv​ . )egnEienrieukDng (ero rmVP s,sBuisen .sFeturneyVg lt aCen rEenarrna etP .​T) OQS:UASDANe( rtOus yC6r oi2tpNcg0 2tl©heh yC

91ship eaderLyarteirporP dan alitnedfinoC cleyNth C sheaim​p teaderL Gasel, Phbi KneD​ auselnier k FFrGuispiga​ llermo E echnolofficgy Oer​f TChieal CouselnGenert​elopmenvt Deojecf PrHead o xps Eerienceae r+ Y41xps Eerienceae r0+ Y325xps Eerienceae r+ Y xps tionerience in matae eils opnierng & mesiventxEedball , Rgyluencor Fe Eneral Cousel fnormer GenerFer tagy and wsionsael in enerfxpoEerienced pr tion. aovgcs iicstanealnol prluromedryand hgy y Enerawe, Gasta meNorth America, and GagyEneroe prtuructrsarfinship eadert. Lelopmenvt dejec etriachl tnolof igs; multindusieple tion ociaalizCommer.A. and , with a Bysiterom Columbia Univr. f.DServics. Jet companelopmens such ievul depfs isitionn sucocsse . PhD igen orFotrsor As; mtining advisor fentpa. ysitera Univviom VllanorM.A. fs aIseidon oerGen and PtnW. ertaoeed prtcuxs eHas tejc .​ Getryochemisf cs osexin ebn.​ 5$ yC6r oi2tpNcg0 2tl©heh yC

02hsip deraeL alitnedfinoC dnayrateirporP Nth celyC ship rdeeaLeam​t a nndoBrffigre​ nHeiSana kas​ nvEsiDerée , taPlaPhD ed aH fo​ica​lmCoerm ,PVeep​olPoC-ofunedr & Sceince Advis​or 9+ 1s aerYxpEenecrie +52s aerYpxEiceenr e17+ s earYpxEecrenie er mroFCC O taN TEer woPee ymepol(), 2#led rm eroFV P foe eoplP ta esoB, etaCproropasnni gn a-12tiuhisnegd Dise tClimaand gyrenEsor seforP & ica lcomemruogh thr3 202SE NYti; nglisiub tlpipeli enaer yee rcar taeh t. ycmopanlyt enCurrn oe thd aorBf oe tossaciAaeD n foEngieneir gn ta .MIT10+ 0p-eer rof +061sc-itaul elytis tlapnv iae rakBguH s.he A&Ms dvoirsAo rf hteWemno' soitn ouadnFf oo. ntsoB cSBi ne dwvieer stinoplbuciaadn multilpe SUs. tnetpa FSN y erontta tamS tihnos eAnrd +n otsAl& . dBir, Mjoraooclhyg ysPm orf ytiserUnivf o.otonorT​ REEARCd ;arwAx 2EAN siteronrFw; leloF x2 SNAvli aK SMUC ,)ervseeR(8 1s.​ yr. wleolF ,hPDW/MITHOI. yCroitpg h6 202©Nth cleyC

12w vreeivOyarteirporP dna alitnedfinoC tion asncarT werveivOoin tasnacrT sus semA$100M IP P withE4$0MCm olytemd titen Curr I nMillsoin cseuSorontiaaulorma Vo FrP¹noitaualrmo aVo F erPtviaIrtlusl e irPceShar00.10$ ervloollce RyN hCt705$ .%275 tadnignstusO ehPF Sar6.88 tsur shle HidaTn CC ACK032$ aeul VyqutiE68$8 tenmtsevPI PEIn100$ t) Dbe+(7$ sha-) C()803$( catseuoSl orT73$8 %0.62 aluers epVreitnE585$ %6.5 Uses %1.31 ervlool lecRyC Nth705$ o tshaCBaaltcnee hSe803$ r eEvolole lcRyhtCN qyiut,7 .05 |.2%7 5 sledhreoC Pulbih cSarACK,0 .32 |%0.62 tion EasncareT dtitmasExpssene22$ seIPS PEhar,0 .1 0|%.131 sSpC orsnoACK, 4.93 |%6.5 tal oTUses73$8 etNo: All amotsu inn millioens (xct epfor she aprri)ce;ss uAmes eno dretmiopns fenosmi nKrgotn’s extiisng public shehaolrsd.ess ruAmes a $100 millitoan olt PttmI eeswnPiEtv hi snhes aisrsuetd aa price of $..10 00Excludes imtp aocfensi nKgotn’sa tsawr r(npublic) aentd apriv;​tess eeenp1r)c R(ontto m caeslioscee trin, 24,6,4285 shes aorf Sponsor’sw snoheritp calose is detliyc rtteiielotnesnv edl eot r, exetcldues dSespv uonnseot orsm heosP ararnd Seller incet isevhnes abarsed on performanceS e(llert ietnleed ot creeiv up ot 02,000,000 shes aasr per ctionntg emnoitnels esand Sponsort ietnled ot t esv94,28,1 shte7s aar5$18.00 per shear) yCroitpg h©6 2Nc02tlhe yC

22w ervievOyarteirporP dan alitnedfinoC ormanceerfs Peererial PtCritical Ma e caomble part whers a peer seertcle enyNth C erials tCritical Ma .ting​-listx ps8–oe compvounded 7s hormatfpla ormance erft PeMark s​orttiaenercle DiffyNth C e PriceShar .6​852$2​0.32$ 27,310$ 1,65$2 ap t CeMark $M) ( se at clond a( 3741,$ finiyeng cy criticompaaanel mls riner-plaPur x0.7x5.5 )tencurr059$ $6188 t ​eemene agrfftaky o-pae-ore takSecur6Jun 26Jun 2 0v 2No5Mar 2 s​ting houra op00+4er,ed 3tatrsDemon tion elitiomng iimducnpas​ort prteagensitu rIn- tion actrxetatarchl ey tnoloopriegy with multi-mePr sortsevPublic In capabily ​it E0ed 7ttimast smalfitaler ble aox and prer capwe% lo scale ​ or1mo) aC f P (erclSqosc,oue Auiabetya:rsl euvBtel doDa eoonm -asbgSs,Pu etPmriicopthnsb desocro6i;k​t 2bt0 -2ad /e eaMa/1saf5 d or6 kin slide 0 2 yC6r oi2tpNcg0 2tl©heh yC

32on CsienngtKapital alitnedfinoC danyarteirporP CASP tManagemen on CsienngtKapital cAuisition Corpq. VI​ NYESed t-lis(CACK.) SpUecial Purpse Aocquisition Comy pan CA(“SP ”)with $0 m32illion in trt usfor the purpse oof combining ith hwigho-grth sewsortc i,ncluding defseen, energy and artiiciafl ielltigence n(“.A”)I tin Juso​ Mirrer tDieZsche​ teob Bemenar​ RSimon oag​ Ban DbHur e Chairman & Chf iee etivcuxEVice Chairman & Pertdenis​ f OChieptinaerg Officer f ChieTechnology Officer f ChieFinancial Officer fficOer​ oPrven Horytis 3 5Ys oear fxpEerience45 s oearYf pxEerience4 Y0 osearpxf Eerience35 Ys oearf pxEerience2 5Ys oear fpxEerience tingaper ,MA a,nd financing Devtelopmen, engineering and tionalaper m,anufturing acLshipeader, manufturi,ng acInvt tmenseabin cng,ksultionng, epxerience in the autiomotve t emanagemenxperience within andt e managemenxperience tional aaopernd technological s deusibsnevt aelopmennd and autiomotveed setelar-otcthe autiomotve seortcwithinthe tiomot auvortese cexperience ith auwtiomotve tional maopert anagemen supply chaisnexperienc Tack rrd oecorf crting sheaeholder arvalue.​ t osidenePr fon sienngtKormer CE o faiDmlerormerC E oNef xer et apitaCl sartnerPtivomotuAae ndsi Chsaxormer t osidenePr fMopar and ormer U.S. Surface arfe ar EP oVf Chsler rychsiangPuricer (Nuclear) in the U.S. Nayv​ Lship Ceaderapabilsitie d oarBMembser t aManagemennd bd oarwith exsientve pulbic cy ompan experience and opting caerapabils titieo support engineering , shispaprtner su,pply chain and manufturing scacale. Itry nduspxEertise eleR​vt auantiomotve and itrial endusxperience to Mch Qituain s Anderson serttePDon ule nkR Bill slsaing​ Ktt SiMamoncini timizope praom laugrs anchend capital deplot ymen or atsevInnd d oarBMember ormer ChFf iee etivcuxEormer ChFairman and CEO ormer ChFf iee etivcuxEormer ChFf iee etivcuxE hwile fting cacilitacial rommershtionispela.​ f oMultiple Public fficOer of Thule Group f oMultiple Ae tivomotu fficOer of Wec tabfficOer of ear CorpLtion aor Compansies​seBusisne yCroitpg h6 202©Nth cleyC