Amg Critical Materials N.v. · EURONEXT:AMG
Amg Critical Materials — Shareholder Meeting (May 2026)
34 slides from Amg Critical Materials's shareholder meeting presentation, May 2026
Slide 1: AMG Critical Materials: It's in the Name
AMG CRITICAL MATERIALS: IT’S IN THE NAME CEO Presentation | Annual General Meeting May 2026 AMG Critical Materials in the Periodic Table of Elements 1
Slide 2: Cautionary Note
CAUTIONARY NOTE This document contains proprietary information and is being provided solely for information purposes by AMG Critical Materials 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, exc
Slide 3: It's in the Name
CHART 1: IT’S IN THE NAME AMG Lithium AMG Vanadium AMG Technologies H Periodic Table He Li Be B C N O F Ne Na Mg Al Si P S Cl Ar K Ca Sc Ti V Cr Mn Fe Co Ni Cu Zn Ga Ge As Se Br Kr Rb Sr Y Zr Nb Mo Tc Ru Rh Pd Ag Cd In Sn Sb Te I Xe Cs Ba Hf Ta W Re Os Ir Pt Au Hg Tl Pb Bi Po At Rn Fr Ra Rf Db Sg Bh
Slide 4: AMG Lithium's Bitterfeld Refinery
AMG LITHIUM’S BITTERFELD REFINERY 4
Slide 5: Liva Battery for the Hanau Micro Grid
CHART 2: LIVA BATTERY FOR THE HANAU MICRO GRID 5
Slide 6: Supercenter in KSA
CHART 3: SUPERCENTER IN KSA 6
Slide 7: Liva Battery in KSA
CHART 4: LIVA BATTERY IN KSA 7
Slide 8: Safety: 10-Year Improvement in Lost Time Rate
CHART 5: SAFETY: 10-YEAR IMPROVEMENT IN LOST TIME RATE 1.20 1.06 5% Annual Improvement 1.00 (CAGR) Q1 2026 0.0 Lost Time Rate 0.82 0.80 0.80 Lost Time Rate 0.66* 0.63 0.60 0.62 *0.44 0.51 0.48 2025’s number if you adjust 0.46 for discontinued or start-up 0.39 operations 0.40 0.20 19 of 30 facilities
Slide 9: Enabled CO2 Emission Reductions
CHART 6: ENABLED CO2 EMISSION REDUCTIONS A GLOBAL IMPERATIVE FOR THE AMG’S ENABLED CO2 EMISSION REDUCTIONS 21ST CENTURY (Million MT) 2025 128.2 AMG: ENABLING TECHNOLOGIES 2024 113.6 Products and processes saving 2023 110.3 CO2 emissions during use (e.g., 2022 99.4 light-weighting and fuel efficiency
Slide 10: AMG's 10-Year Adjusted EBITDA
CHART 4: 7: AMG’S 10-YEAR ADJUSTED EBITDA OVER EBITDA THE LAST TEN YEARS (in millions of US dollars) 400 343 350 350 10-Year CAGR = 10% 300 235 250 217 Fix 200 168 137 125 121 150 101 67 100 50 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10
Slide 11: AMG Lithium Brazil's EBITDA
CHART 8: AMG LITHIUM BRAZIL'S EBITDA (in millions of US dollars) 300 600 560 250 247 500 215 Initial CAPEX = $75M 200 400 150 300 100 200 50 35 100 26 26 7 3 8 0 0 2019 2020 2021 2022 2023 2024 2025 2026 Q1 EBITDA Cumulative EBITDA 11
Slide 12: Critical Materials Exhibit Cyclical Price Spikes
CHART 9: CRITICAL MATERIALS EXHIBIT CYCLICAL PRICE SPIKES Vanadium Lithium Antimony Tantalum Spike Spike Spike Spike? 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 12
Slide 13: Critical Materials Exhibit Cyclical Price Spikes: Molybdenum and Tungsten
CHART 9B: CRITICAL MATERIALS EXHIBIT CYCLICAL PRICE SPIKES Adding Molybdenum and Tungsten 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Molybdenum Tungsten 13
Slide 14: Molybdenum Circular Economy
CHART 10: MOLYBDENUM CIRCULAR ECONOMY AOM Roasting Milling Purification Calcination Production High-purity MoO3 (Catalyst & Aerospace HDS grade) Catalyst Nickel - Aluminum Concentrate Oxide AOM = Ammonium OctaMolybdate 14
Slide 15: The Book of Rules: Managing Volatility
CHART 11: 8: THE THEBOOK BOOKOF OFRULES RULES, MANAGING VOLATILITY CONVERSION MINING Manage the imperfections of your hedge Mine only when you are the low-cost producer RECYCLING VALUE CHAIN I A recycling business is a conversion business Optimize value chain positioning by ROCE flavored by a recycl
Slide 16: The Book of Rules: Managing Volatility
CHART 11: 8: THE THEBOOK BOOKOF OFRULES RULES, MANAGING VOLATILITY CONVERSION MINING Manage the imperfections of your hedge Mine only when you are the low-cost producer RECYCLING VALUE CHAIN I A recycling business is a conversion business Optimize value chain positioning by ROCE flavored by a recycl
Slide 17: The Book of Rules: Managing Volatility
CHART 11: 8: THE THEBOOK BOOKOF OFRULES RULES, MANAGING VOLATILITY CONVERSION MINING Manage the imperfections of your hedge Mine only when you are the low-cost producer RECYCLING VALUE CHAIN I A recycling business is a conversion business Optimize value chain positioning by ROCE flavored by a recycl
Slide 18: Mibra Mine: Global Low-Cost Producer
CHART 12: 9: MIBRA MIBRAMINE MINE––GLOBAL LOW-COST LOW-COST LEADER PRODUCER At a Tantalum price of around $200/lb. (current price), we produce lithium concentrate at zero cash cost – verified in March 2026 18
Slide 19: The Book of Rules: Managing Volatility
CHART 11: 8: THE THEBOOK BOOKOF OFRULES RULES, MANAGING VOLATILITY CONVERSION MINING Manage the imperfections of your hedge Mine only when you are the low-cost producer RECYCLING VALUE CHAIN I A recycling business is a conversion business Optimize value chain positioning by ROCE flavored by a recycl
Slide 20: Vanadium Content by Type
CHART 13: VANADIUM CONTENT BY TYPE 80.0% 2.0% 70.0% 1.8% 1.6% 60.0% V2O5 Content (% V2O5) V2O5 Content (% V2O5) 1.4% 50.0% 1.2% 40.0% 1.0% 0.8% 30.0% 0.6% 20.0% 0.4% 0.2% 10.0% 0.0% 0.0% Co-Production Primary Secondary Co-Production Primary Min Max Min Max Secondary feedstock derived from petroleum
Slide 21: AMG's Law
CHART 14: AMG’S LAW This announcement appears as a matter of record CRITICAL MATERIALS AMG’s LAW: “Everything that can be recycled will be recycled.” AMG Critical Materials NV. ‘amg-ny.com ay TANTALUM, NIOBIUM, ANDO HAFNIUM MOLYBDENUM AND NICKEL _ ZANESVILLE, OHIO
Slide 22: The Book of Rules: Managing Volatility
CHART 11: 8: THE THEBOOK BOOKOF OFRULES RULES, MANAGING VOLATILITY CONVERSION MINING Manage the imperfections of your hedge Mine only when you are the low-cost producer RECYCLING VALUE CHAIN I A recycling business is a conversion business Optimize value chain positioning by ROCE flavored by a recycl
Slide 23: The Book of Rules: Managing Volatility
CHART 11: 8: THE THEBOOK BOOKOF OFRULES RULES, MANAGING VOLATILITY CONVERSION MINING Manage the imperfections of your hedge Mine only when you are the low-cost producer RECYCLING VALUE CHAIN I A recycling business is a conversion business Optimize value chain positioning by ROCE flavored by a recycl
Slide 24: The Book of Rules: Managing Volatility
CHART 11: 8: THE THEBOOK BOOKOF OFRULES RULES, MANAGING VOLATILITY CONVERSION MINING Manage the imperfections of your hedge Mine only when you are the low-cost producer RECYCLING VALUE CHAIN I A recycling business is a conversion business Optimize value chain positioning by ROCE flavored by a recycl
Slide 25: The Book of Rules: Managing Volatility
CHART 11: 8: THE THEBOOK BOOKOF OFRULES RULES, MANAGING VOLATILITY CONVERSION MINING Manage the imperfections of your hedge Mine only when you are the low-cost producer RECYCLING VALUE CHAIN I A recycling business is a conversion business Optimize value chain positioning by ROCE flavored by a recycl
Slide 26: The Next Ten Years
CHART 15: THE NEXT TEN YEARS (in millions of US dollars) 700 10-yr baseline · 10% CAGR · $610M 5-yr guidance · 20% CAGR · $500M 600 500 400 300 200 100 0 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2025 EBITDA Previous EBITDA GUIDANCE 2025 +10% CAGR CASE $235M $500M $610M +20% CAGR +10% C
Slide 27: Strategic Projects Under Development
CHART 16: 14: STRATEGIC PROJECTS UNDER DEVELOPMENT AMG LITHIUM AMG LITHIUM AMG LITHIUM Carbonate–Hydroxide Plant 2 +20t Hydroxide Modules Lithium Facilities Bitterfeld, Germany Bitterfeld, Germany To be determined Broadens feedstock and Expands battery-grade Chemical facility for in-house unlocks ba
Slide 28: The Hanau Engineering Complex
CHART 17: THE HANAU ENGINEERING COMPLEX Customers Equipment installs Main Americas Customers 28
Slide 29: AMG's Importance in Aerospace Engines
CHART 18: AMG’S IMPORTANCE IN AEROSPACE ENGINES 29
Slide 30: Over the Horizon
OVER THE HORIZON Fusion Energy Nuclear 30
Slide 31: Recycling Spent Nuclear Fuel
CHART 19: RECYCLING SPENT NUCLEAR FUEL ~ 95% of the energy in spent nuclear fuel remains unused UNITED STATES ~100,000 t spent fuel inventory GERMANY ~10,000 t spent fuel inventory ~ 55 GW reactor capacity over a decade ~ 7 GW reactor capacity over a decade yielding ~4,300 TWh 1) yielding ~540 TWh 1
Slide 32: Fusion Materials: Input, Conversion, Hub
CHART 20: FUSION MATERIALS 01 · INPUT 02 · CONVERSION 03 · HUB Lithium Lithium Lithium Concentrate Carbonate Chloride 04 · ROUTE I 04 · ROUTE II 04 · ROUTE III ISOTOPE ISOTOPE 6Li for Nuclear Fusion 7Li for Nuclear Fission Lithium Metal END MARKETS END MARKETS END MARKETS Metal breeding blankets PWR
Slide 33: Vanadis – Goddess of Vanadium
VANADIS – GODDESS OF VANADIUM 33
Slide 34: Ta | H | Li || Be Mg| Ca}| Sc B | Al ||
Ta | H | Li || Be Mg| Ca}| Sc B | Al || Cu Ti| cr | Mn || Hf Zr Ni Pd co] Nb Fe Si | Ga Tb| ral Ar Pb EN | Sn : a ea 3 Dy Gd Nd | Ce et Mo Ag Pr [As | | RB Pu | | In | Sm Ca [Av lay lw | Rh
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