Largo Physical Vanadium Corp. · TSXV:VAND
Largo Physical Vanadium — Investor Presentation (June 2023)
17 slides from Largo Physical Vanadium's investor presentation, June 2023
Slide 1: Largo Physical Vanadium: Invest in a greener future
LARGO PHYSICAL VANADIUM Invest in a greener future Investor Presentation June 2023 TSX.V: VAND, OTCQX: VANAF www.lpvanadium.com
Slide 2: Disclaimers
DISCLAIMERS DISCLAIMER Largo Physical Vanadium Corp. (“VAND” or “VANAF”) has not authorized anyone to provide prospective investors with additional or the increased adoption of VRFB technology generally; and global interest in and uptake of green products containing vanadium. different information.
Slide 3: Investment Summary
INVESTMENT SUMMARY Largo Physical Vanadium Corp. (TSX.V: VAND, OTCQX: VANAF) is a vanadium holding company that purchases and holds physical vanadium Physical ownership of vanadium provides direct exposure to vanadium price without exploration, operational, or financing risk Vanadium is essential to
Slide 4: Vanadium Market Overview
VANADIUM MARKET OVERVIEW Global Vanadium Supply Global Vanadium Demand By Region By Region • Total market size of ~$3.6 billion at $8/lb V2O5; Vast majority transacts on annual contracts; 88.8% 2.8% China • Inelastic Supply: ~70% of vanadium is byproduct 53% 4.0% Russia of steel production using bla
Slide 5: Current Supply Deficit to Persist
CURRENT SUPPLY DEFICIT TO PERSIST • Difficult, capital intensive and lengthy to bring new vanadium to market; Largo’s • Strong increase in demand expected from Long Duration Energy Storage Maracás Menchen Mine is only new vanadium mine in over ~30 years applications. Batteries are the 2nd largest va
Slide 6: China Led the Lithium Boom Before the Price Spike
CHINA LED THE LITHIUM BOOM BEFORE THE PRICE SPIKE Gangfeng invests 1. CATL takes 1. Zijin buys Neolithium into Lithium controlling stake of Corp.6 Americas Corp.3 North American 2. Ganfeng buys Bacanora Lithium4 Lithium PLC7 2. Tianqi buys SQM A 3. CATL attempts to Tianqi buys Tianqi buys Shares5 pu
Slide 7: China Now Leading the Way in Vanadium
CHINA NOW LEADING THE WAY IN VANADIUM $30 Chinese Government 1. 400MWh vanadium battery 1. 600MWh vanadium battery Increased Near- completed by Rongke Power2 announced by China $25 increases steel 2. 1,000MWh vanadium battery Vanadium Energy Storage term Vanadium rebar standard1 energy storage proje
Slide 8: Potential for 100% Increase in Annual Demand
POTENTIAL FOR 100% INCREASE IN ANNUAL DEMAND Massive Growth Declared at Industry Conference: March 2023 • Expects cumulative 180 GWh of Vanadium Redox Flow Battery (VRFB) installation by 2030, requiring 1.44 million tons of V2O51 • Equivalent to ~100% of current vanadium supply through 2030 (Total 2
Slide 9: VAND:TSXV / VANAF:OTCQX Structure
VAND:TSXV / VANAF:OTCQX STRUCTURE Shareholders Technical Advisory Agreement Safekeeping Agreement Marketing & Financial Advisory Protected Rental Protected Tanks Income Warehouses V2SO4 Commercial Electrolyte Vanadium Products 9
Slide 10: Capital Structure
CAPITAL STRUCTURE (TSX.V: VAND, OTCQX: VANAF) Share Price (C$/sh)1 $1.77 VAND Vanadium Unit Portfolio Price Since Inception 11.00 Shares Outstanding (mm) 16.82 10.50 Vanadium Unit Value (US$/lb V2O5 eq) Options/Warrants (mm) Nil 10.00 Fully-Diluted (mm) 16.82 9.50 Market Cap (C$mm)1 $29.8 9.00 Cash
Slide 11: Management and Directors
Management and Directors Paul Vollant Jonathan Lee John Kanellitsas CEO/Director Chairman Director Over 15 years of experience in the sales and Director at Arias Resource Capital with over 20 Vice Chairman of Lithium Americas Corp. marketing of strategic metals and minerals years of experience
Slide 12: Summary
SUMMARY Opportunity to invest in the underlying commodity associated with a superior energy transition technology without operational, exploration, or financing risk Physical ownership with secure title and transparent market pricing Vanadium rental structure to reduce expenses and enable deployment
Slide 13: Appendix
APPENDIX LPV |.
Slide 14: Vanadium: Supporting the New Economy
VANADIUM: SUPPORTING THE NEW ECONOMY Vanadium is key transition metal used in green steel and energy storage applications. Decarbonization expected to drive fast increases in demand. Demand for low-carbon technology should require 173% Vanadium supports the ESG investment case with more vanadium pro
Slide 15: VRFB: Batteries Designed to Last for Decades
VRFB: Batteries Designed to Last for Decades Vanadium electrolyte in cathode and anode eliminating cross contamination Negative Vanadium Solution Batteries last for decades, are reusable, and non-degrading electrolyte allows for unlimited use Positive Vanadium ~40 to 50% of battery cost is vanadium
Slide 16: VAND: Enabling the Energy Transition
VAND: ENABLING THE ENERGY TRANSITION Lithium Price vs. Li-ion Battery Cost For Illustrative Purposes Only VRFB Cost Breakdown Ownership “fundamental cost advantage in flow cells with Lithium Price an asterisk: given the low cost electroactives. Vanadium works today. If vanadium was super Other Compo
Slide 17: Contact Information
Contact Information Paul Vollant CEO Tel: +41.796.630.895 Email: pv@lpvanadium.com 55 University Avenue Suite 1105 Toronto, Ontario M5J 2H7 TSX.V: VAND, OTCQX: VANAF www.lpvanadium.com
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