CEO Letter to Shareholders

The CEO Letter from Livium notes the following:

• Livium is focused on lithium-ion battery recycling and related adjacencies, such as black mass processing, solar panel recycling, and rare earth element recycling. Our move to the new Recycling Hub in Derrimut marks a significant step forward, supporting our commitment to recycling and setting the stage for disciplined growth.

• Revenues from our battery recycling business, Envirostream, are set to strengthen this quarter, driven by secured contracts and increasing volumes. We are also nearing completion of the Alkimos Community Battery project, showcasing our capabilities and strategic partnerships.

• Our focus remains on closing the gap between current and projected LIB volumes while exploring organic and inorganic growth opportunities. Additionally, we are advancing recycling adjacencies like PV recycling and REE extraction.

• Despite some delays, we are progressing towards potential funding for VSPC. Looking ahead, our strategic priorities include scaling our operations, expanding nationally, diversifying our customer base, and finalizing key partnerships.

Please feel free to reach out with any questions about this announcement. Thank you for being part of our journey.