DI SCL AI M ER AND F O R W ARD L O O K I N G I N F O R M A T I O N D i scl ai m er a n d I n f o r m a t i o n A b o u t t h i s P r esen t at i o n P r o sp e ct i ve i nv es t or s s houl d r e ly o n ly on th e i nf or m at i on c ont a i ned in th e pr el i m i nar y pr os pec t us dat ed 19 J une 2018 th e pr os pec t us and if appl i c abl e th e r el at ed U S pl ac em e nt m em or andum A pr os pec t i v e i nv es t or is n ot ent i t l ed to r e ly on par t s of th e i nf or m at i on c on t ai ned in t h is pr es ent at i on to th e ex c l us i on of ot her s T h is pr es ent at i on is qual i f i ed in it s ent i r et y by r ef er enc e to and m u st be r ead in c o nj unc t i on w it h th e i nf or m at i on c ont a i ne d in th e pr os pec t us N ei t her th e C om pany nor any of th e U nder w r i t er s has aut hor i z e d any one to p r ov i de pr os pec t i v e i nv es t or s w it h di f f er ent or a dd i t i ona l i nf or m at i on If any one pr ov i des pr os pec t i v e i nv es t or s w it h add i t i onal or di f f er ent or i nc ons i s t ent i nf or m at i on i nc l ud i ng i nf or m at i o n or s ta te m e n ts in m edi a ar t i c l es ab out th e C om pany pr os pec t i v e i nv es t or s s houl d not r e ly on it P r o sp e ct i ve i nv es t or s s houl d not a ssu m e t hat th e i nf or m at i on c ont a i n ed in t h is pr es ent at i on is ac c ur at e as of any dat e ot her t han th e dat e of th e pr os pec t us or w her e i nf or m at i on is s ta te d to be as of a dat e ot her t han th e dat e of th e pr os pec t us su ch o t her appl i c a bl e dat e No s ec ur i t i es r egul at or y aut hor i t y h as ex pr es s ed an op i n i on about th e s ec ur i t i es de s c r i bed her e i n and it is an of f enc e to c l a im ot her w i s e An i nv es t m ent in th e s ec ur i t i es des c r i bed her e i n is s pec ul at i v e and i n vo l ve s a num ber of r i sks t hat s houl d be c ons i der ed by a pr os pec t i v e i nv es t or P r o sp e ct i ve i nv es t or s s houl d c ar ef ul l y c ons i der th e r is k fa c to r s des c r i bed under R is k F a ct o r s in th e pr os pec t us and ot her i nf or m at i on i nc l u ded in th e pr os pec t us bef or e pur c has i ng th e s ec ur i t i es des c r i b ed her ei n T he C om pany is not of f er i ng or s o l ic it i n g o ffe r s to ac q ui r e th e s ec ur i t i es des c r i bed her e i n in any j u r is d ic t io n in w h ic h su ch o ffe r or s o l ic it a t io n is not per m i t t ed F or pr os pec t i v e i nv es t or s out s i de C ana da ne i t her th e C om pany nor th e U nder w r i t er s hav e done any t hi ng t hat wo u ld per m i t th e of f er i ng or di s t r i but i on of t h is pr es ent at i on t oget her w it h th e p r os pec t us in any j u r is d ic t i o n w her e ac t i on fo r t hat pur pos e is r eq u i r ed ot her t han in C anada P r os pec t i v e i nv es t or s ar e r eq u i r ed to i nf or m t hem s el v es about and to obs er v e any r es t r i c t i ons r el at i n g to th e of f er i ng and th e di s t r i but i on of t h is pr es ent at i on and of th e pr os pec t us In t h is pr es ent at i on a ll am ount s ar e in C anad i a n dol l ar s unl es s ot her w i s e i ndi c at ed C api t al i z ed t e rms us ed but not def i ned her ei n hav e th e m eani ngs as c r i bed to t hem in th e pr os pec t us A pr el i m i nar y pr os pec t us c ont a i n i ng i m por t an t i nf or m at i on r el at i ng to th e s ec ur i t i es d e scr i b e d in t h is pr es ent at i on has been f ile d w it h th e s ec ur i t i es r egu l at or y aut hor i t i es in eac h of th e pr ov i nc es and t er r i t or i es of C an ada A c opy of th e pr el i m i nar y pr os pec t us and any am endm ent is re q u i re d to be del i v er ed w it h t h is doc u m ent T he pr el i m i nar y pr os pec t us is s t il l su b j e ct to c o m pl et i on T her e will not be any s a le or any ac c ep t anc e of an of f er to buy th e s ec ur i t i es unt i l a r ec e i pt fo r a f in a l pr os pec t us has bee n i s s ued T h is pr es ent at i on do es not pr ov i de fu l l d i scl o su r e of a ll m at er i al fa c ts r el at i ng to th e s ec ur i t i es of f er ed I n ve st o r s s houl d r ead th e p r el i m i nar y pr os pec t us th e f in a l pr os pec t us an d any am endm ent fo r d i scl o su r e of t hos e f a ct s es pec i al l y r is k fa c to r s r el at i ng to th e s ec ur i t i es of f er ed bef or e m ak i ng an i nv es t m ent dec i s i on F o r w a r d L o o k i n g I n f o r m a t i o n T h is pr es ent at i on c ont a i ns f o rw a rd l ook i ng i nf or m at i on w it h i n th e m eani ng of appl i c a bl e C anad i an s ec ur i t i es la ws w h ic h m ay r el at e to th e C om pany s fu tu r e out l ook and an t i c i p at ed ev ent s or r es ul t s In so m e ca se s but no t nec es s ar i l y al l ca se s f or w ar d l ook i ng i nf or m at i on ca n be i dent i f i ed by th e u se of f or w ar d l ook i ng t er m i no l ogy su ch as pl ans t ar get s ex pec t s or does not ex pec t an oppor t un i t y e xi st s is pos i t i on ed es t i m at es i nt end s a ssu m e s ant i c i pat es or does not ant i c i pa t e or bel i ev es or v ar i at i ons of su ch w or ds and phr as es or s ta te t hat c er t ai n ac t i ons ev e nt s or r es ul t s ma y c oul d wo u ld m i ght wi l l or w ill be t ak en o ccu r or be a c hi e v ed In addi t i on any s ta te m e n ts t h at r ef er to ex pec t at i ons pr edi c t i o ns i nd i c at i ons pr oj ec t i on s or ot her c har ac t e r i z at i ons of fu tu r e ev ent s or ci r cu m st a n ce s c ont ai n f or w ar d l ook i ng i n f or m at i on F or w ar d l ook i n g s t at em ent s ar e no t hi s t or i c al fa c ts but i ns t ead r epr es ent m anagem ent s ex pec t at i ons es t i m at es and pr oj ec t i ons r egar di ng fu tu r e ev ent s F or w ar d l ook i ng s t at em ent s in t h is pr es ent at i on m ay i nc l ud e s t at em ent s r egar di ng m anage m ent s bel i ef s ex pec t at i ons or i nt ent i ons r ega r di ng th e s i ze c om pl et i on ex p ens es and t im i n g of th e cl o si n g of th e O f f er i ng i ndus t r y t r ends m ar k et gr ow t h r at e s and th e C om pany s fu tu r e gr ow t h r at es pl ans and s t r at egi es pr oj ec t i ons of c om m odi t y pr i c es a nd co st s th e fu tu r e f i nanc i a l or oper at i ng per f or m anc e and c o n d it io n of th e C om pany in c l u d in g it s bus i n es s oper at i ons an d pr oper t i es pl a nned e x p l or at i on and dev el opm ent a c t iv it ie s an d th e co st s and t im in g t her eof th e i nt ended u se of th e net pr oc eeds of th e O ffe r i n g t r ends in th e gl obal c ob al t l it h iu m and gr aph i t e m a r ke t s t he adequac y of th e C om pany s f i nanc i a l r es our c es t im in g r ec ei pt and m ai nt enanc e of appr o v al s c ons ent s and per m i t s under appl i c ab l e l eg i s l at i on T he f or egoi ng l is t s houl d not be c ons t r ued as ex haus t i v e and s houl d be r ead in c onj unc t i on w it h th e i nf or m at i on in th e pr os pec t us under th e headi ng C aut i onar y No t e R egar di ng F or w ar d Look i ng I nf or m at i on T hes e s ta te m e n ts and ot her f or w ar d l ook i n g i nf or m at i on ar e bas ed on op i n i ons as s um pt i o ns and es t i m at es m ade by th e C om pany in l ig h t of it s ex per i enc e and per c ept i o n of h is t o r ic a l t r ends c ur r ent c ondi t i ons and e x pec t ed fu tu r e dev el opm ent s as we ll as ot her fa c to r s t hat th e C om pany bel i ev es ar e appr opr i at e and r eas onabl e in th e c i r c um s t anc es as of th e da t e of t h is pr es ent at i on i nc l ud i n g w i t hout l i m i t at i on as s um pt i ons abo ut th e a b il it y to r a is e add i t i ona l c ap i t al fu tu r e pr i c es of c obal t li t h iu m and g r aphi t e th e C om pany s c o m p e t it iv e adv ant ages c ur r ent m ar k et dy nam i c s th e t im in g and r es ul t s of ex pl or at i on and d r ill in g pr ogr am s and th e av ai l ab i l i t y and am enab i l i t y of m et al l ur g i c al and pr oc es s i ng t ec hnol og i es fo r pr oc es s i ng e x tr a c te d m i ner al s T her e ca n be no as s ur anc e t hat su ch es t i m at es and as s um pt i ons w ill pr ov e to be c or r ec t If any of th e as s um pt i ons or es t i m at es m ade by m anagem ent pr ov e to be i nc or r ec t ac t ual r es ul t s and dev el opm ent s ar e li k e ly to d i ffe r and m ay d i ffe r m at er i al l y fr o m t hos e ex pr es s ed or i m pl i ed by th e f or w ar d l ook i ng i nf or m at i on A cco r d i n g l y pr os pec t i v e i nv es t or s ar e c aut i o ned not to p la c e undue r el i a nc e on su ch i nf or m at i on T he f or e go i ng l is t of as s um pt i ons s houl d not be c ons t r ued as ex haus t i v e and s houl d be r ead in c onj unc t i on w it h th e i nf or m at i on in th e p r os pec t us under th e headi ng C aut i onar y No t e R egar di ng F or w ar d Look i ng I nf or m at i on W h il e su ch op i n i ons as s um pt i ons a nd es t i m at es ar e c ons i der ed r eas on abl e by th e C om pany as of th e dat e su ch s ta te m e n ts ar e m ade t hey ar e s ubj ec t to k now n and unk now n r i sk s unc er t ai nt i es as s um pt i o ns and ot her fa c to r s t hat m ay ca u se th e ac t ual r e su l t s l ev el of a c t iv it y per f or m anc e or ac hi ev em ent s to be m a t er i al l y d i f f er ent f r om t hos e ex pr es s ed or i m pl i ed by su ch f or w ar d l ook i ng i nf or m at i on i nc l ud i ng but not l im it e d to fu tu r e r eq u i r em ent s fo r add i t i ona l c ap i t al a l i m it e d oper at i ng h i st o r y th e dem and fo r and pr i c es of l it h i u m c obal t and gr aph i t e pr oper t y ti tl e r i sk ex p l or at i on r i sk m i ner al pr oc es s i ng r i sk unc er t a i nt y in r el at i on to I nf er r ed M i ner al R es our c es a negat i v e ca sh f lo w gov er nm ent al r egul at i on of th e m i n er al ex pl or at i on and dev el opm ent i n dus t r y t he lo s s of an i nv es t or s ent i r e i nv es t m ent an a rb i t ra ry of f er i ng p r ic e v o l a t il it y in th e p r ic e of th e or di nar y s har es th e pot ent i al fo r addi t i on al d il u t io n abs enc e of a ma rk e t f or th e or di nar y s har es and fu tu r e s al es of o r di nar y s har es by di r ec t or s and o ffi c e r s of th e C om pany T hes e fa c to r s and as s um pt i ons ar e n ot i nt ended to r epr es en t a c om pl et e l is t of th e fa c to r s a nd as s um pt i ons t hat c oul d a ffe c t th e C om pany R ef er to R is k F a ct o r s in th e pr os pec t us T he f o rw a rd l ook i ng s t at em ent s i nc l uded in t h is pr es ent at i on ar e ex pr es s l y q ua l i f i ed by t h is c aut i on ar y s t at em ent and ar e m ade as at th e dat e of th e pr os pec t us T he C om pany does no t under t ak e any obl i gat i on to publ i c l y updat e or r e vi se any f or w ar d l ook i ng s t at em ent s w het her as a r es ul t of new i nf or m at i on fu tu r e ev ent s or ot her w i s e ex c ept as r eq ui r ed by appl i c abl e s ec ur i t i es la ws 2