American Battery Technology Company · NASDAQ:ABAT
American Battery Technology — Investor Presentation (January 2024)
28 slides from American Battery Technology's investor presentation, Jan 24, 2024
Slide 1: American Battery Technology Company
> ABTC ZL american sarrery JANUARY 2024 Pe) American Battery Technology Company www.americanbatterytechnologycompany.com
Slide 2: Forward-Looking Statement
FORWARD-LOOKING STATEMENT © NASDAQ: ABAT This presentation contains “forward-looking statements’ within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are “forward-looking statements."
Slide 3: 3 Independent Challenges to North American Battery Supply Chain
3 INDEPENDENT CHALLENGES TO NORTH 2) AMERICAN BATTERY SUPPLY CHAIN Poses NASDAQ: ABAT Security of Supply <1% OF GLOBAL BATTERY MATERIALS PRODUCED BY USA Less than 1% of the global manufacturing capacity of each of the primary battery metals (lithium, nickel, cobalt, and manganese) is ‘currently with
Slide 4: Team Founded in Battery Manufacturing Fundamentals
TEAM FOUNDED IN BATTERY ra) MANUFACTURING FUNDAMENTALS wwcne ait Tesla's Reno, Nevada Gigafactory; one of the largest battery factories in the world. » Founders of ABTC were previously founding members of Tesla Gigafactory Design team, that designed, constructed, commissioned, and operated first bat
Slide 5: The Solution: Circular and Domestic Battery Materials Supply Chain
THE SOLUTION: CIRCULAR AND DOMESTIC 2) BATTERY MATERIALS SUPPLY CHAIN Pages NASDAQ: ABAT > ABTC =) american eatery @ A robust and cost-competitive battery recycling industry can close-the-loop and make a meaningful impact on near-term domestic supply (2) However, recycling alone cannot meet growing
Slide 6: Experienced Management Team
EXPERIENCED MANAGEMENT TEAM © NASDAQ: ABAT Executive Team Ryan Melsert Andrés Meza _ Jesse Deutsch Scott Joleover CEO, CTO, and Director Chief Operating Officer Chief Financial Officer Chief Mineral Resource Officer a Directors ( ay od g \ BEenstsYounc a ‘4 =, =a QD “eo QF \&/ Julie Blunden ‘Ss Feze
Slide 7: Our Unique Value Proposition
OUR UNIQUE VALUE PROPOSITION © Page 7 NASDAQ: ABAT CommercialiBattery Recycling Facility . a Lithium-lon Battery Recycling » Internally Developed Lithium-lon Battery Recycling Technology » Capacity of 20,000 MT input / year Dual Sources of Potential Offtake Supply ey Leveraging new technologies for
Slide 8: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS © Pages NASDAQ: ABAT In-House Recycling Technology Proprietary Demanufacturing and Recovery Technology at Battery Recycling Plant US Sourced X2 Dual Source of U.S-Produced Lithium to Meet Explosive Market Growth Demand for Batteries Metals with Synergistic, De-risked Busine
Slide 9: ABTC's Strategic Focus
@ ABTC’S STRATEGIC FOCUS Page NASDAQ: ABAT Focus Target Top Line Priorities 6 » Close the loop to establish >» Phase 1: Ramp commercial capacity Recycling circular economy > Phase 2: Commissioned and complete » Co-Location market-paced w/target of 1 per » Fill the loop with low-cost and Advance towa
Slide 10: Our Integrated Battery Recycling Process
@ OUR INTEGRATED BATTERY RECYCLING PROCESS Paseo NASDAQ: ABAT Phase 1 - Complete structural Automated Materials Selective DeManufacturing Leaching Nickel Sulfate Battery Packssiodules Impurity Removal Cobalt Sutate Battery Ces Selective Cc Transition eparation/ iRecey Metal Recovery iianpenise Sorti
Slide 11: ABTC & BASF: Corporate Partnership for North American Battery Supply Chain
ABTC & BASF: Corporate Partnership for ra) North American Battery Supply Chain Pa NASDAQ: ABAT In 2019, BASF, one of the largest cathode manufacturers in Greentown Labs, Sommerville, MA North America, hosted a global competition to identify the most promising lithium-ion battery recycling technologi
Slide 12: ABTC & US Automakers: Demonstrating Domestic Closed-Loop Supply Chain
ABTC & US Automakers: Demonstrating ra) Domestic Closed-Loop Supply Chain Pager2 NASDAQ: ABAT “The overall objective is to challenge the existing recycling business model and innovate towards avalue driven, self-sustaining model for large format lithium-ion batteries.” » » » » ABTC and BASF received
Slide 13: ABTC & BASF: North American Corporate Partnership
ABTC & BASF: NORTH AMERICAN CORPORATE 2) PARTNERSHIP eager NASDAQ: ABAT Domestic Closed-Loop Supply Chain Partnership — » BASF and its customers deliver waste and end-of-life In aUS first, new EV battery cells will be materials to ABTC | - made with recycled metals » ABTC recycles battery materials,
Slide 14: Commercial-Scale Battery Recycling Operation
COMMERCIAL-SCALE BATTERY C2) RECYCLING OPERATION vasa fost Technological Advantages ‘@Hydromet. | Hydromet, ABTC Commercial » Commercial-scale battery recycling facility (138K sq ft) that is expected to process over 20,000 MT/year of battery materials, located near Reno, NV » Commenced operations Oc
Slide 15: Commercial Scale Battery Recycling Operation
COMMERCIAL SCALE BATTERY RECYCLING OPERATION @ Page 15 NASDAQ: ABAT Beyond baseline recycling design, ABTC developing next-generation technologies to further increase recovery of non-conventional components, reduce energy consumption, and reduce operating costs ABTC recently won grant from US DOE fo
Slide 16: Tonopah Flats Lithium Project
TONOPAH FLATS LITHIUM PROJECT © Page 16 NASDAQ: ABAT ABTC has 517 unpatented lode mining claims covering approximately 10,340 acres of unique claystone deposits located near Tonopah, Nevada (supportive mining town) ABTC January 2024, Update M&l Resource Repor “RESPEC concludes that the ABTC Tonopah
Slide 17: Tonopah Flats Lithium Project
TONOPAH FLATS LITHIUM PROJECT © Page 17 NASDAQ: ABAT American Battery Techrology Tonopah Flat Lithium Project Resource Classification Through exploration, ABTC has increased the size of the ore body by 17% over the last 12 months and the territory to the South, Southwest and at depth remains unexplo
Slide 18: Sedimentary Claystone: Internally Developed LiOH Manufacturing
Sedimentary Claystone: Internally Developed ra) LiOH Manufacturing oat NASDAQ: ABAT $4.5M Grant for DOE Critical Materials Innovations Project Initiated October 1, 2021 Field Demonstration of Selective Leaching, Targeted Purification, and Electro-Chemical Production of Battery Grade Lithium Hydroxid
Slide 19: Sedimentary Claystone: Internally Developed LiOH Manufacturing
Sedimentary Claystone: Internally Developed ra) LiOH Manufacturing Pamp9 U.S. DOE Grant: Integrated multi-ton per day continuous pilot plant Year 1 Year 2 Bench Scale Pilot Scale Integrated Operations Optimizations ~ 200 Metric Tonnes 000 kilograms s ?
Slide 20: Lithium Hydroxide Pilot Plant - 2024
@ LITHIUM HYDROXIDE PILOT PLANT - 2024 ease NASDAQ: ABAT Overview of process Tonopah Flats Lithium — Project Claystone _ Beneficiation Selective Leaching Purification Hydroxide Conversion Crystallization Filtration/Drying ‘ABTC LIOH Pilot Plant Under Génstruction 4 | I a HES | y Battery Grade Lithiu
Slide 21: Tonopah Flats Initial Assessment
TONOPAH FLATS INITIAL ASSESSMENT © Page 21 NASDAQ: ABAT Project is a long life, low-cost domestic source with highly attractive financials 30K MT/yrLHM $4.4 billion $782 million Production capacity of phase 1 only NPV @10% discount at $31K/tonne LHM sold, IRR of 65.8% Phase 1 refinery + mining capex
Slide 22: First-of-Kind, In-House Technology: Validation and Investments
FIRST-OF-KIND, IN-HOUSE TECHNOLOGY ra) VALIDATION AND INVESTMENTS ease NASDAQ: ABAT In October 2022, ABTC was selected for award by DOE for $115M project to construct commercial scale Lithium Hydroxide refinery morn imesccoenmininet (9 ABTC Domestic Manufacturing of Low-Cost and Low g Environmental
Slide 23: First-of-Kind, In-House Technology: Validation and Investments
FIRST-OF-KIND, IN-HOUSE TECHNOLOGY VALIDATION AND INVESTMENTS @ Page 23 NASDAQ: ABAT oe] FOUR U.S. DOE GRANT AWARDS $4.5M October 2021 $115M October 2022 ABTC selected for a $2 milion ABTC selected for a $4.5 milion ABTC selected for a $115 million projest from the United States project from the U.S
Slide 24: Competitive Landscape
COMPETITIVE LANDSCAPE © REDWOCD co preomoner — ] Stanetare ecg and i j reining tihum | Reoingbettey | Feeettns Taccyeingbateres | Ianboneeato | manuacng, | then sevnepng | Deteebeg | Devel prodvesanode | "suapand | atetert Severs | oygectsgooa | peter ’s uni i ion SE CC eee Birra Bis ‘eproae | "done
Slide 25: Listing on Nasdaq Exchange
LISTING ON NASDAQ EXCHANGE © Page 25 NASDAQ: ABAT A Year in Review ABTC listed its shares and began trading on Nasdaq on September 21, 2023. The listing of its shares on this exchange represents a long-term strategic move for the company, allowing it to expand its reach in the capital markets and su
Slide 26: Key Company Milestones: A Year in Review
KEY COMPANY MILESTONES © Page 26 NASDAQ: ABAT A Year in Review es » Facility for first commercial scale lithium-ion battery recycling operations » Selected for US DOE grant for advanced battery recycling technologies » Executed pre-payment agreement for recycled products » Strategic Partnership Agre
Slide 27: Key Company Milestones: The Year Ahead
KEY COMPANY MILESTONES © Page 27 NASDAQ: ABAT The Year Ahead A » Execution of Strategic Partnership Agreement with BASF » Implementation of Battery Recycling hydrometallurgy processing train » Site selection for partner co-located, commercial-scale battery recycling facility acy” Publication of Tono
Slide 28: Questions
QUESTIONS © Page 28 NASDAQ: ABAT info@batterymetals.com www.americanbatterytechnology.com
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