Purchase Order from Mercedes-Benz

• Neometals lithium-ion battery recycling JV, Primobius, has executed a purchase order from Mercedes-Benz recycling subsidiary, LICULAR GmbH (“LICULAR”)to complete front-end engineering for the shredding section ofLICULAR’S integrated recycling plant; • The Cooperation Agreement between Primobius and LICULAR is now legally binding; and • LICULAR’s planned 10tpd integrated recycling plant timetable