Talga Group Ltd. entered into a Memorandum of Understanding with Long Time Technology Co., Ltd. The non-binding MOU follows successful initial tests of Talga's natural graphite Talnode-C product and LT Tech's synthetic battery anode products, and contains the criteria for scaled up supply and evaluation of joint anode materials and blends. Under this framework, LT Tech and Talga ("the Parties") wish to enter an Anode Testing Contract ("ATC") to secure increasing volumes of materials for larger cell trials and to complete qualification programs with agreed customers. The ATC will consider volumes, pricing, intellectual property and know-how to align the Parties' commercial goals.

Talga's materials will be produced from its existing anode facilities and upcoming EVA plant in Luleå, Sweden. At the completion of anode testing, the Parties seek to enter an Anode Materials Supply Contract ("AMSC") to secure supply volume to customers at the mass production level from the Parties' respective operations. The AMSC scope will consider environmental impacts and Life Cycle Assessments of both Parties' products.

Delivery destinations will be defined within nominated European and Asian markets, with supply volumes co-ordinated with the ramp up and start of Talga's commercial anode production.