Redivium Limited · ASX:RIL
Redivium — Hannans — Investor Presentation (September 2021)
16 slides from Redivium's investor presentation, Sep 9, 2021
Slide 1: Lithium-ion Battery Recycling in the Nordics
Lithium-ion Battery Recycling in the Nordics www.hannans.com ASX:HNR 9 September 2021
Slide 2: Summary
Summary Hannans Ltd (ASX: HNR) has secured a significant opportunity to recover high purity metals from scrap and spent lithium-ion batteries (LiB) in Norway, Sweden, Denmark and Finland (Nordics) – the region with the highest electric vehicle (EV) penetration rates in the world.
Slide 3: Introduction
Introduction • Memorandum of Understanding (MoU) contemplates a joint venture agreement providing Hannans with rights to recover high purity metals from LiB using a LiB recycling technology that: is safe, sustainable, low energy and low CO2 when compared to incumbent technologies; and that has b
Slide 4: Transaction Summary
Transaction Summary • An exclusive license to commercialise the LiB recycling technology in the Nordics was granted to Critical Metals Ltd (Critical) by a wholly owned subsidiary of ASX listed Neometals Ltd (Neometals) in 2019. Critical must pay a gross revenue royalty to the Neometals subsidiary. •
Slide 5: LiB in Europe
LiB in Europe • Electrification in Europe is creating enormous demand for LiB for EV and stationary energy storage. • Europe does not produce enough metals to meet its massive growth ambitions. • European Union (EU) wants to be net zero carbon by 2050 and is legislating to reduce waste. • The recove
Slide 6: LiB in the Nordics
LiB in the Nordics • Hannans agreement covers Norway, Sweden, Very high EV penetration in the Nordics Denmark and Finland – a European sweet spot for EV. Market EV (000s) EV mix (%) • Take-up of EV in the Nordics is the highest in Germany 368 23 the world – there are more EV per capita in France 163
Slide 7: LiB Recycling Technology
LiB Recycling Technology • LiB recycling technology developed over 5 years and owned by ASX listed Neometals Ltd. Neometals and SMS Group each own 50% of Primobius GmbH, the commercialisation vehicle for the technology. • The shredding and sorting (Stage 1) and refining (Stage 2) components of the t
Slide 8: Competitive Advantages
Competitive Advantages • The competitive advantages of the LiB recycling technology are that it: has a patent pending flowsheet; has been proven safe during commissioning at Stage 1 demonstration plant scale; is sustainable; and is low energy, low CO2 and has higher recoveries when compared
Slide 9: Hannans Commercialisation Strategy
Hannans Commercialisation Strategy • Subject to securing a feedstock source of scrap and or spent LiB, Hannans aims to establish Stage 1 plants in Sweden, Norway, Denmark and Finland. • Revenue from the Stage 1 plant would comprise sales of “black mass”. Hannans decision on a Stage 1 plant location
Slide 10: Competition
Competition • There is strong competition in the Nordics to: offer an industrial scale, safe, reliable, sustainable and profitable fully integrated LiB recycling process; secure scrap LiB from the cell production lines of Giga factories, the most likely early consistent feedstock source of LiB f
Slide 11: Proposed News Flow*
Proposed News Flow* Deliverable Date Memorandum of Understanding 3 September 2021 Critical Metals shareholder vote on transaction 28 September 2021 Substantive Agreement 31 October 2021 Neometals Ltd announce completion of fully integrated shredding, sorting and refining demonstration plant trials i
Slide 12: Next Steps
Next Steps • For the proposed transaction to complete successfully: Critical shareholders must approve the transaction at their Annual General Meeting to be held on 28 September 2021; (note that Neometals as Critical’s largest shareholder will voluntarily abstain from voting) Hannans shareholder
Slide 13: Directors
Directors Jonathan Murray, Independent Non-Executive Chairman Damian Hicks, Executive Director • Director of Hannans Ltd (2010). • Director of Hannans Ltd (2002). • Partner of Steinepreis Paganin • Financial,legal and compliancequalifications. • Principal legal practice areas include equity capital
Slide 14: Contact Details
Contact Details Jonathan Murray Damian Hicks Chairman Executive Director +61 8 9321 4000 +61 8 9324 3388 jmurray@steinpag.com.au dhicks@hannans.com hannans.com @Hannans_Ltd Hannans Ltd
Slide 15: Definitions
Definitions • Battery chemicals are high purity chemicals that are used to produce the anode and cathode in a battery. • Battery chemistries refers to the different types and ratios of metals used in the manufacture of a LiB cell. For example an NMC811 battery contains nickel, manganese and cobalt i
Slide 16: Transaction Details
Transaction Details A. Hannans Ltd (Hannans) is an ASX listed company. B. LiB Recycling Pty Ltd (LiB Recycling) is a subsidiary of unlisted Australian registered company Critical Metals Ltd (Critical Metals). C. ACN 630 589 507 Pty Ltd (ACN630) has developed a proprietary technology to safely recove