Hannans : Lithium Battery Recycling Expansion Presentation

Expansion of Lithium Battery Recycling into Major European EV Markets

www.hannans.com

ASX:HNR

3 February 2022

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Summary

Our vision is to sustainably produce metals for society in the:

• Nordic region;
• United Kingdom and Ireland;
• Italy; and the
• Balkans.

We aim to achieve this vision by recycling lithium batteries - shredding, sorting and refining active battery components into battery grade chemicals

for sale to lithium battery precursor manufacturers.

We aim to become an important part of the European lithium battery supply chain and the circular economy.

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Rapid Growth

Our focus is rapid growth via partnerships, corporate activity and organic growth within the European lithium battery supply chain.

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Territories*

Hannans has established tremendous leverage to the rapidly growing European LiB recycling

sector, and specifically countries with the highest penetration rate of electric vehicles.

Hannans' lithium battery recycling focus turns to securing feedstock agreements with companies requiring a recycling solution for scrap and end-of-life lithium batteries in compliance with EU battery regulations.

"We believe the technology we hold sub-licences to will help stakeholders in our licenced jurisdictions meet their circular economy ambitions and legal obligations to recycle. We are now focused on increasing Hannans business development activities and forming long-term mutually beneficial relationships with the European lithium battery supply chain participants." Damian Hicks, Executive Director

* For further detailed information refer slides 4 and 9 and Hannans Ltd ASX release dated 1 February 2022.

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Lithium Battery Recycling Territories

Jurisdiction	Summary
	Sub-license to commercialise the technology. If Hannans makes a
	positive FID and enters a binding engineering, procurement, and
	construction agreement for a Plant, Critical Metals Ltd
Sweden, Norway,	(www.criticalmetals.eu) can either (1) co-contribute to all future
Denmark & Finland	construction costs of the new Plant (capital and operating costs), in
	which case, each party would have a 50% equity interest in the
	Plant, or (2) its equity interest in the Plant will be diluted pro-rata
	to its relative funding contribution.
	Sub-license to commercialise the technology (subject to the
United Kingdom	satisfaction of certain conditions precedent). Greenhouse will pass
& Ireland1	to Hannans its market intelligence and relationships in these
	regions and not compete with Hannans.
Italy & Albania, Bulgaria,	Sole and exclusive right (but not the obligation) to fund all LiB
Bosnia and
recycling projects developed by Greenhouse in Italy and the
Herzegovina, Croatia,
Balkans. The consideration for funding each project will be equity
Greece, Romania,
in the project, to be negotiated on a case-by-case basis at arms-
Serbia, Slovakia and
length.
Slovenia1

Source: https://www.acea.auto/files/report-vehicles-in-use-europe-january-2021-1.pdf

1 Subject to execution of a sub-licence agreement; receipt of ASX and regulatory approvals; and receipt of Hannans shareholder approval for the purposes of ASX Listing Rule 11.1.2. Full details of the proposed resolutions will be set out in a notice of meeting proposed to be lodged with ASX late February / early March 2022.

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