Core Insights - Albemarle Corporation (ALB) has decided to idle Train 1 at its Kemerton lithium hydroxide processing plant in Western Australia, placing it into care and maintenance immediately. This follows the idling of Train 2 and the halting of expansion plans for Trains 3 and 4 in 2024 [1][8]. Group 1: Company Operations - The Kemerton facility processes spodumene from the Greenbushes mine, which is recognized as one of the world's best lithium deposits. Albemarle has a stake and half of the offtake rights from Greenbushes through a joint venture [2]. - The decision to idle the trains is part of Albemarle's ongoing efforts over the past two and a half years to reduce operating costs amid price volatility in the lithium market. The recent improvements in lithium prices have not been sufficient to address the challenges faced by Western hard-rock lithium conversion operations [3]. Group 2: Financial Outlook - The company anticipates that the idling of Train 1 will provide higher flexibility and optionality, benefiting adjusted EBITDA starting in the second quarter of 2026. There is no expected impact on projected sales volumes for 2026 [4]. - Albemarle's stock has seen a significant increase of 104.8% over the past year, contrasting with a 13.3% decline in the industry [6]. Group 3: Market Position - Albemarle currently holds a Zacks Rank of 1 (Strong Buy), indicating a favorable market position. Other top-ranked stocks in the Basic Materials sector include Coeur Mining, Inc. (CDE), Fortuna Mining Corp. (FSM), and Avino Silver & Gold Mines Ltd. (ASM) [7].

The Merger of Piedmont and Sayona Elevra Lithium SEPTEMBER 2025 ASX:SYA • NASDAQ:ELVR • OTCQB:SYAXF For personal use only Contents 01 Introduction ELEVRA LITHIUM For personal use only 2 02 Corporate Overview 03 Synergies & Progress 04 Resource Base & Operations 05 Growth Projects 06 Strategy & Market Outlook 07 Financials & Guidance 08 Appendix 01 Introduction For personal use only Recapping the Merger Strategic Rationale Unlocking synergies,strengthening our market position and delivering long term value S ...

Core Viewpoint - Lithium Argentina AG has executed a framework agreement with Ganfeng Lithium Group to establish a new joint venture that consolidates their lithium projects, enhancing operational scale and financial flexibility [1][3]. Project Details - The new joint venture combines Ganfeng's Pozuelos-Pastos Grandes project with Lithium Argentina's Pastos Grandes (85% owned) and Sal de la Puna (65% owned) projects, resulting in Ganfeng holding 67% and Lithium Argentina 33% of the joint venture [1]. - Since acquiring the Pastos Grandes project in 2022 and Sal de la Puna in 2023, Lithium Argentina has made significant advancements, including hydrogeological modeling and environmental studies [4]. - Ganfeng acquired the Pozuelos-Pastos Grandes project for $1.0 billion and has invested an additional $200 million for development [4][5]. Production Capacity and Feasibility Study - The development plan targets a phased production capacity of up to 150,000 tonnes per annum (tpa) of lithium carbonate equivalent (LCE) in three phases of 50,000 tpa each [6]. - A feasibility study is underway to evaluate lithium carbonate and lithium chloride production, with results expected by the end of 2025 [6]. Financing and Debt Facility - Both companies are pursuing financing options for further development, including potential offtake agreements and project financing [7]. - Ganfeng will provide Lithium Argentina with a $130 million, six-year debt facility at SOFR plus 2.5%, enhancing financial flexibility [9][10]. Joint Venture Structure and Future Steps - The joint venture will be structured on the existing partnership model used for the Cauchari-Olaroz project, leveraging local expertise [8]. - Immediate steps include settling definitive agreements and completing a development plan, with the joint venture expected to close by Q1 2026 [11]. Company Overview - Lithium Argentina is an emerging producer of lithium carbonate primarily for lithium-ion batteries and electric vehicles, operating in partnership with Ganfeng [12].

Financial Data and Key Metrics Changes - Consolidated operating profit increased over 60% year-over-year, with net income rising by 7% and EBITDA increasing by 14% [5][12] - Operating profit for the first quarter of 2025 was $7.7 million, compared to $4.8 million in the first quarter of 2024, while net income rose to $4.9 million from $4.6 million [12][14] - Adjusted EBITDA increased to $12.8 million from $11.2 million in the previous year [12][13] Business Line Data and Key Metrics Changes - The Coal Mining segment saw operating profit rise to $3.8 million and adjusted EBITDA increase to $5.8 million, a significant improvement from an operating loss of $0.4 million and EBITDA of $1.8 million in the prior year [14] - North American Mining's operating profit decreased to $2 million from $2.4 million, while adjusted EBITDA remained comparable at $4.7 million [15] - Minerals Management's operating profit was stable at $7.9 million, with adjusted EBITDA increasing to $9.8 million from $8.9 million [16][19] Market Data and Key Metrics Changes - The coal mining segment is expected to see a modest increase in deliveries in 2025 due to improved customer demand and the absence of temporary price concessions [17] - North American Mining is projected to deliver improved results in 2025, with anticipated performance gains in the second half of the year [18] Company Strategy and Development Direction - The company is optimistic about the regulatory environment for the fossil fuel industry, with recent executive orders from the administration aimed at supporting coal and fossil fuel resources [7][40] - The company is focused on expanding its portfolio in the Minerals Management segment, with a budget of up to $20 million annually for investments [11] - The company is exploring opportunities in solar energy, particularly on reclaimed mine land, to leverage its existing assets [81][85] Management's Comments on Operating Environment and Future Outlook - Management views 2025 as a pivotal transition year, with expectations for moderate year-over-year increases in consolidated operating profit [12][20] - The company anticipates a significant improvement in the second half of 2025 due to trends in oil and natural gas prices [20] - Management expressed confidence in the profitability of the Mitigation Resources segment, which is expected to continue to grow [72] Other Important Information - The company plans to terminate its defined benefit pension plan, which will result in a significant noncash settlement charge but will eliminate future earnings volatility [20] - As of March 31, 2025, the company had consolidated cash of approximately $62 million and debt of $96 million [21] Q&A Session Summary Question: What leads to recurring inventory charges in Mississippi Lignite? - Management explained that inventory impairment is due to high-cost coal from inefficiencies and a lower adjustment in price based on a formula tied to historical indices [26][30] Question: What are the practical implications of a more favorable regulatory environment? - Management noted that the administration is focused on developing U.S. fossil fuel resources, including coal, and has signed executive orders to support this [40][41] Question: Is there seasonality in North American Mining? - Management indicated that there is little seasonality in North American Mining, with operations primarily in Florida [42] Question: What is the status of the asset held for sale? - The asset consists of draglines and a building in North Dakota, which are actively being marketed for sale [63][64] Question: How does the mitigation resources business operate? - Management described the mitigation resources business as lumpy, with periodic credit releases based on the lifecycle of mitigation banks [66][70]

As filed with the U.S. Securities and Exchange Commission on June 6, 2023 Registration No. 333-272028 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 1 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 FOREMOST LITHIUM RESOURCE & TECHNOLOGY LTD. (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's Name into English) | British Columbia, Canada | 1099 | Not Applicable | | --- | --- | --- | | (State or other j ...