AMG Advanced Metallurgical N : Equity Capital Market Presentation

ACCELERATING THE ENERGY TRANSITION

Equity Capital Market Presentation | May 2022

AMG ADVANCED METALLURGICAL GROUP N.V.

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CAUTIONARY NOTE

This document contains proprietary information and is being provided solely for information purposes by AMG Advanced Metallurgical Group N.V. (The "Company") and may not be reproduced in any form or further distributed to any other person or published, in whole or in part, for any purpose, except with the prior written consent of the company. Failure to comply with this restriction may constitute a violation of applicable securities laws.

This presentation does not constitute or form part of, and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company or any of its subsidiaries nor should it or any part of it, nor the fact of its distribution, form the basis of, or be relied on in connection with, any contract or commitment whatsoever.

This presentation has been prepared by, and is the sole responsibility of, the Company. This document, any presentation made in conjunction herewith and any accompanying materials are for information only and are not a prospectus, offering circular or admission document. This presentation does not form a part of, and should not be construed as, an offer, invitation or solicitation to subscribe for or purchase, or dispose of any of the securities of the companies mentioned in this presentation. These materials do not constitute an offer of securities for sale in the United States or an invitation or an offer to the public or form of application to subscribe for securities. Neither this presentation nor anything contained herein shall form the basis of, or be relied on in connection with, any offer or commitment whatsoever. The information contained in this presentation has not been independently verified. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy or completeness of the information or the opinions contained herein. The Company and its advisors are under no obligation to update or keep current the information contained in this presentation. To the extent allowed by law, none of the Company or its affiliates, advisors or representatives accept any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with the presentation.

Certain statements in this presentation constitute forward-looking statements, including statements regarding the Company's financial position, business strategy, plans and objectives of management for future operations. These statements, which contain the words "believe," "expect," "anticipate," "intends," "estimate," "forecast," "project," "will," "may," "should" and similar expressions, reflect the beliefs and expectations of the management board of directors of the Company and are subject to risks and uncertainties that may cause actual results to differ materially. These risks and uncertainties include, among other factors, the achievement of the anticipated levels of profitability, growth, cost and synergy of the Company's recent acquisitions, the timely development and acceptance of new products, the impact of competitive pricing, the ability to obtain necessary regulatory approvals, and the impact of general business and global economic conditions. These and other factors could adversely affect the outcome and financial effects of the plans and events described herein.

Neither the Company, nor any of its respective agents, employees or advisors intend or have any duty or obligation to supplement, amend, update or revise any of the forward-looking statements contained in this presentation.

The information and opinions contained in this document are provided as at the date of this presentation and are subject to change without notice.

This document has not been approved by any competent regulatory or supervisory authority.

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AMG'S LITHIUM VALUE CHAIN

From mining through to next generation lithium products

Upstream - Brazil

Supplemented:

Downstream - Germany

Technical

Battery

Solid

Mibra Mine

Spodumene

Grade Li

Grade Li

Electrolytes

		Precursor
AMG
Exploration
Spodumene	Expansion	Under basic
production in	underway	engineering
operation since
2018

Hydroxide

Construction of	Current Lab-
first module to	scale production
commence Feb ´22	& sampling

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MODULAR EXPANSION PLANS TO MEET GROWING DEMAND

2022 -2023

2024

2025 - 2026

2027 - 2028

BG Lithium

Hydroxide

Module 1

20k tons

Battery Grade Li Hydroxide

Module 2

Battery Grade Li Hydroxide

Module 3

Battery Grade Li Hydroxide

Module 4

Battery Grade Li Hydroxide

Module 5

Capacity

Expansion

Spodumene

90kt

Spodumene

130kt

Spodumene

(SP1+)

Solid
Electrolyte	Commercial
Demo
Solid
Plant 100
Electrolyte
tons
Plant

	Technical
	Grade Li
	Precursor
Supply	Plant

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LITHIUM CONCENTRATE EXPANSION OVERVIEW (SPODUMENE 1+)

Spodumene Plant Expansion

• Capacity increase from 90 ktpa to 130 ktpa
• Absence of technical risk
• Expected operational improvements

	Execution Timeline
March 2021			May 2022			Q2 2023
Test work & Front-			Construction
				Commissioning
end Loading
("FEL") 2 / 3
8	4			9 - 12
months	months	months
	Dec. 2021
	Detailed
	Engineering
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