Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company operates with a team of experienced and qualified news journalists, ensuring independent content production [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors, including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Core Viewpoint - Argentina Lithium & Energy Corp. is advancing its Rincon West lithium project in Salta, Argentina, with a focus on resource estimation, exploration drilling, and strategic partnerships to enhance lithium production potential [2][4]. Exploration and Resource Development - The company filed its maiden mineral resource estimate for the Rincon West Project, based on 14 diamond drill holes totaling 4,823.2 meters and one production well drilled to 470 meters [2]. - Two exploration objectives have been identified: additional pump testing to evaluate hydraulic characteristics and infill drilling to upgrade resource categories, both integrated into a multi-stage exploration plan [3]. Drilling and Testing Plans - The company plans to conduct additional exploration drilling in the eastern Rinconcita II mining concession to evaluate mineral resource classifications at depths between 385 m and 455 m [6]. - Two new diamond drill holes are planned to extract core samples for testing, subject to environmental report submission and permit approval [7]. Strategic Partnerships - A Memorandum of Understanding (MOU) was signed with Xi'an Lanshen New Material Technology Co., Ltd., a leader in Direct Lithium Extraction (DLE) technology, to facilitate the advancement of the Rincon West project [4]. - The partnership aims to deploy proprietary DLE systems and engineering expertise to accelerate the project towards a Feasibility Study and potential commercial production [4]. Financial and Operational Considerations - The execution of the exploration plan is contingent on the availability of additional funding, which is not currently part of the company's business objectives for the next 12 months [9]. - The proceeds from the company's current offering are intended for planned near-term activities and working capital, not for the exploration plan [9]. Strategic Investment and Offtake Agreements - In September 2023, Argentina Lithium entered into a strategic investment agreement with Stellantis, acquiring a 19.9% stake in the subsidiary Argentina Litio Y Energia S.A. (ALE) [11]. - The agreement includes a seven-year lithium offtake agreement allowing Stellantis to purchase up to 15,000 tonnes of lithium carbonate per year upon commercial production commencement [11]. Company Overview - Argentina Lithium & Energy Corp. focuses on acquiring high-quality lithium projects in Argentina to meet the growing global demand from the battery sector, with a strategic position in the Lithium Triangle [14]. - The company has a history of success in the resource sector and is part of the Grosso Group, which has pioneered exploration in Argentina since 1993 [14].

Financial Data and Key Metrics Changes - Headline earnings per share for 2025 increased by 281% to ZAR 2.44 per share [58] - Adjusted EBITDA increased almost threefold, from ZAR 13 billion to just under ZAR 38 billion, a 189% increase [58] - Revenue increased by 16% while costs decreased by 8%, leading to a significant increase in Adjusted EBITDA [59] Business Line Data and Key Metrics Changes - Total full year PGM production reached 1.8 million ounces, aligning with guidance and reflecting operational resilience [22][23] - Underground production increased by 2% to over 1.6 million ounces, supported by improvements at specific shafts [24] - Total production in gold operations decreased by 10% to 19.7 tons, primarily due to operational challenges at Kloof [28] Market Data and Key Metrics Changes - Gold spot prices broke the $4,500 mark during December, up 73% since the beginning of the year [66] - Platinum imports into the U.S. increased significantly, with over 600,000 ounces imported in July, compared to normal levels of around 200,000 ounces [66] - Lithium prices increased from low $7,000 per ton levels to just over $16,000 per ton due to demand from battery energy storage systems [69] Company Strategy and Development Direction - The company is focusing on simplification of operations and maximizing operating margins through operational excellence [4][5] - A disciplined capital allocation framework is in place, with a third of capital directed towards shareholder returns, a third towards reducing gross debt, and a third towards growth [5] - The company aims to capitalize on internal growth opportunities, particularly in its PGM operations in South Africa [5] Management's Comments on Operating Environment and Future Outlook - The management acknowledged a volatile market environment but expressed confidence in the company's operational stability and financial turnaround [13] - The focus for 2026 includes enhancing compliance with safety measures and embedding a culture of accountability to eliminate fatal incidents [20] - The outlook for 2026 is positive, with expectations of additional earnings and cash flow improvements supported by rising PGM prices [27] Other Important Information - The company declared a dividend of ZAR 1.31 per share, reflecting a 2% yield and marking a return to dividend-paying territory [15] - Significant impairments were recorded for the year, totaling ZAR 15.8 billion, primarily due to changes in economic parameters and safety-related decisions [60] - The company is positioned as a leader in renewable energy within the South African mining sector, with significant savings and carbon emissions reductions anticipated [12][46] Q&A Session Summary Question: What are the expectations for gold prices moving forward? - The company remains bullish on gold prices, anticipating continued strength driven by geopolitical factors and market dynamics [70] Question: How is the company addressing safety concerns in operations? - The management emphasized a focus on embedding a fatal elimination strategy and enhancing compliance through cultural transformation [20] Question: What is the outlook for lithium production and market conditions? - The company expects lithium prices to remain influenced by Chinese market decisions, with a focus on optimizing production and cost efficiency [69]

Financial Data and Key Metrics Changes - Headline earnings per share for 2025 increased by 281% to ZAR 2.44 per share [56] - Adjusted EBITDA increased almost threefold, from ZAR 13 billion to just under ZAR 38 billion, a 189% increase [56] - Net debt to Adjusted EBITDA decreased from 1.77 times at the end of 2024 to 0.59 times at the end of 2025 [57] Business Line Data and Key Metrics Changes - Total full year PGM production reached 1.8 million ounces, aligning with guidance and stable year-on-year [22] - Underground production increased by 2% to over 1.6 million ounces, supported by improvements at Rustenburg [23] - Total production for gold operations, including DRDGold, was lower by 10% at 19.7 tons, with underground production reduced by 8% [27] Market Data and Key Metrics Changes - Gold spot prices broke the $4,500 mark during December, up 73% since the beginning of the year [64] - Platinum imports into the U.S. increased over 50% year-on-year, with significant flows driven by tariff uncertainty [66] - Lithium prices moved from low $7,000 per ton levels up to just over $16,000 per ton currently [67] Company Strategy and Development Direction - The company is focusing on simplification of operations and maximizing operating margins through operational excellence [3] - A disciplined capital allocation framework is in place, with a third towards shareholder returns, a third towards reducing gross debt, and a third towards growth [4] - The company aims to convert a large percentage of their abundant resources into reserves in the coming years [44] Management's Comments on Operating Environment and Future Outlook - The management noted a significant change in the latter half of 2025, including a leadership transition and a strategic refresh [2] - The outlook for 2026 is positive, with expectations of additional earnings and cash flow improvements due to rising prices [26] - The company remains committed to eliminating fatal incidents and enhancing safety culture as a priority [20] Other Important Information - The company declared a dividend of ZAR 1.31 per share, reflecting a 2% yield and marking a return to dividend-paying territory [14] - A settlement payment of $215 million was made regarding the Appian court case [7] - The renewable energy program aims to reduce emissions by 40% by 2030, with significant savings and carbon dioxide reductions expected [45] Q&A Session Summary Question: What are the expectations for gold prices moving forward? - The company remains bullish on gold, anticipating continued price support due to geopolitical factors and market dynamics [68] Question: How is the company addressing safety concerns? - The management emphasized a focus on embedding a fatal elimination strategy and enhancing compliance through a culture of accountability [20] Question: What is the outlook for lithium production? - The company is optimistic about the lithium market, with plans for phased production ramp-up and a focus on optimizing costs [49]

20 February 2026 Operating and financial results for H2 & YE 2025 Solid operational output and financial stability | Agenda | | | --- | --- | | a | Salient features | | b | Performance excellence • Safe production • Resource optimisation | | | • Operational excellence • Embedding sustainability | | c | Growth | | d | Financial performance | | e | Market performance and outlook | | f | Resilient strategy for the way forward | | g | Q&A | Columbus metallurgical facility, US PGM operations Disclaimer FORWARD L ...

Core Viewpoint - Lake Resources is positioned to deliver sustainable, battery-grade lithium carbonate from its Kachi Project in Argentina, utilizing direct lithium extraction technology to meet rising global demand while minimizing environmental impact [1][4]. Company Strategy - The company aims to be a significant producer of battery-grade lithium carbonate, with the Kachi Project designed for an initial output of 25,000 tonnes per annum (tpa) Lithium Carbonate Equivalent (LCE) to support the EV and energy storage sectors [2]. - The strategy is supported by Direct Lithium Extraction (DLE) technology, which offers a lower-impact alternative to traditional evaporation methods [3]. Market Context - The global transition to electric vehicles (EVs) and renewable energy is driving unprecedented demand for battery-grade lithium, highlighting the need for sustainable and high-purity lithium sources [4]. - Conventional lithium extraction methods face scrutiny due to their environmental impact, creating a market need for more sustainable practices [4]. Project Details - The Kachi Project has an updated Mineral Resource of 11.1 million tonnes (Mt) LCE, supporting a long-life project with a 25-year production timeline [6][8]. - Approximately 98% of planned production will come from Measured Resources, indicating strong reserve confidence [9]. Economic Viability - The Definitive Feasibility Study (DFS) Addendum shows a reduced capital expenditure of US$1,157 million for Phase One, a decrease of about 16% from previous estimates [7]. - Operating expenditure is projected at US$5,895 per tonne LCE, making Kachi competitive globally, with a pre-tax Net Present Value of US$1,469 million and a pre-tax Internal Rate of Return of 22.5% based on an average lithium carbonate price of US$20,500 per tonne [7]. Environmental and Regulatory Progress - The project has received approval for the Ramsar North Subsite Management Plan, advancing the Exploitation Environmental Impact Assessment (EIA) process, with final approvals expected by 2026 [9]. - The DLE technology significantly reduces freshwater use and eliminates the need for evaporation ponds, aligning with environmental, social, and governance (ESG) objectives [5][11]. Strategic Developments - Front-End Engineering Design for the power connection to the Argentine national grid has been completed, with a strategic agreement established for regional electrical interconnection [10]. - The company has achieved significant cost reductions, with expected cash expenditures in 2025 being up to 40% lower than the previous year [10]. Future Catalysts - Key milestones include securing definitive project financing, receiving final EIA approvals, and successfully scaling Lilac's DLE technology to commercial levels [12]. - Outcomes from the strategic review by the special committee could significantly impact the company's future trajectory [13].

Economic Environment - Inflation in Australia is growing at approximately double the rate of economic growth, creating pressure on households and contributing to inflationary pressures in housing and energy markets [1] Company Strategy - The company is recognized for its everyday low prices in Australia and New Zealand, which helps maintain customer trust during challenging economic times [2][3] - A focus on productivity and expanding addressable markets through new product categories is central to the company's strategy [2] Partnerships and Technology - The company has formed strategic partnerships with Google Cloud and Microsoft to enhance operational efficiency and productivity through technology [5] - Initiatives include improving customer service and team member effectiveness in stores, as well as enhancing merchandising and supply chain processes [6] Lithium Business - The company's lithium project is progressing well, with the mine and concentrator performing effectively, and expectations for increased profitability in the second half of the year [9][10] - The company aims to become a reliable supplier of lithium hydroxide, despite some delays in the refinery commissioning process [10] Financial Management - The company maintains a strong balance sheet to ensure financial flexibility for future investments and potential M&A opportunities [11] - There is a commitment to disciplined capital investment, focusing on value-adding opportunities for shareholders [13] Growth Opportunities - The company anticipates continued positive earnings momentum in its retail businesses, with growth expected in Bunnings, Office Works, and Kmart [15] - Future growth is also expected in the lithium business, chemical manufacturing capacity, and the health division, with a well-positioned balance sheet for new opportunities [16][17]

Neometals (OTCPK:NMTA.Y) 2026 Conference February 18, 2026 09:15 PM ET Company ParticipantsChris Reed - Managing DirectorOperatorThis is Neometals, and this is Chris Reed, and he will explain why. Please make him welcome.Chris ReedThank you very much, Chrissy. Thanks to RIU, and good morning, ladies and gentlemen. The first thing I'd like to say is, the greatest asset at Neometals is its people, and today I'd like to shout out to our technical team on the gold, Darren Townsend and Clay Gordon. I stood up he ...

Core Viewpoint - Rio Tinto plans to invest over $300 million in expanding its lithium business in Quebec after gaining control of Nemaska Lithium [1] Investment and Ownership Structure - Rio Tinto now holds a 53.9% stake in Nemaska Lithium, while the Quebec government holds 46.1% [2] - Quebec has agreed to invest up to $200 million in Nemaska through equity subscriptions [2] Project Development - Funding will partially support a new lithium hydroxide plant in Bécancour, Quebec, which is projected to have an annual capacity of 32,000 tonnes and was about 60% complete by the end of 2025 [3] - Commissioning activities in Bécancour are planned to start in 2026, with first production expected in 2028 [6] Strategic Importance - Rio Tinto's activities in Quebec are crucial for enhancing its lithium business and supporting the long-term development of Nemaska Lithium [4] - Quebec is highlighted as a key region for lithium development in Canada, hosting nearly half of the country's active lithium projects [4] Historical Context - Nemaska Lithium, founded in 2007, is developing the Whabouchi spodumene mine and the Bécancour plant, having re-emerged as a joint venture after facing financial difficulties in 2019 [5] - Rio Tinto inherited a 50% stake in Nemaska when it acquired Arcadium for approximately $6.7 billion last year [7]

Core Viewpoint - Rio Tinto has gained majority control of Canada's Nemaska Lithium, holding a 53.9% stake, to establish an integrated lithium supply chain in Quebec for the North American electric vehicle market [1]. Group 1: Company Actions - Rio Tinto will assume direct management of Nemaska Lithium, while the Government of Quebec retains a 46.1% stake [1]. - The company has been investing in Nemaska Lithium since March 2025, alongside the Government of Quebec through its economic development agency Investissement Quebec [1]. - Rio Tinto's acquisition of Arcadium in March 2025 provided it with a 50% interest in Nemaska Lithium, which includes a lithium hydroxide plant and a spodumene mine [1]. Group 2: Financial Investments - Quebec will invest up to an additional $200 million in Nemaska Lithium through share subscriptions [1]. - Rio Tinto has committed over $300 million in 2026 to further develop its lithium sector in Quebec [1]. - The first production from the lithium hydroxide plant in Becancour is expected in 2028 [1].