On November 6, 2023, in connection with the closing (?Closing?) of the transactions contemplated by the Securities Purchase Agreement (the ?Purchase Agreement?) by and between RCF Sponsor VII LLC (the ?Sponsor?) and Perception Capital Partners IV LLC, RCF Acquisition Corp. (the ?Company?, or ?we?, ?us? or ?our?) entered into a Joinder Agreement (the ?Joinder?) to that certain Registration Rights Agreement dated November 9, 2021, with the Sponsor and Perception.

Pursuant the Joinder, Perception will receive the same rights and benefits with respect to its newly acquired Class A Shares (as defined below) and private placement warrants as the Sponsor has with respect to its Class A Shares and private placement warrants. In connection with the Closing of the transactions contemplated by the Purchase Agreement, on November 6, 2023: Sunny S. Shah, as Chief Executive Officer and the Company accepted their resignations; and (iv) the appointments of Rick Gaenzle as Chief Executive Officer. Rick Gaenzle, age 58, will serve as Chief Executive Officer.

Mr. Gaenzle has over 30 years of private equity investment and corporate finance experience; he is a co-founder and currently serves as a Managing Director of Gilbert Global Equity Capital, L.L.C., the principal investment advisor to Gilbert Global Equity Partners, L.P. and related entities, a $1.2 billion leveraged buyout and private equity fund. Mr. Gaenzle has spent the last 28 years at Gilbert Global and its predecessor entity, completing over 110 direct equity investments, co-investments and add-on acquisitions for portfolio companies. He also serves as the Chief Executive Officer and a member of the board of directors of Perception Capital Corp.

III, and previously served in that same role on Perception Capital Corp. II. Previously, Mr. Gaenzle was a Principal of Soros Capital L.P., the principal venture capital and leveraged equity entity of the Quantum Group of Funds and a principal advisor to Quantum Industrial Holdings Ltd. Prior to joining Soros Capital, Mr. Gaenzle held various positions at PaineWebber Inc. Mr. Gaenzle currently serves as an Operating Partner of NPGand Chairman of Lake Street Homes, a single-family rental investment vehicle.

Mr. Gaenzle previously served on the boards of CPM Holdings Inc., True Temper Corp, Optical Capital Group Inc., Birch Telecommunications Inc., E-via S.p.A., Tinka-ServiCos de Consultoria, S.A., the LaserSharp Corporation and Sustainable Opportunities Acquisition Corp. (?SOAC?), where he also served as Chairman of the Audit Committee. Mr. Gaenzle holds a B.A. from Hartwick College and an M.B.A. from Fordham University.