Climate Change Data

Environmental Metrics

ESG Focus Areas

• Water consumption reduction
• Sustainable lithium production
• Elimination of evaporation ponds

Environmental Achievements

• Substantially reduced water consumption by recycling up to 98% of input brine water.
• Substantially eliminated the use of evaporation ponds in pre-treatment and concentration phases of production.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Insufficient capital to fund operations and development.
• Limited operating history and uncommercialized technology.
• Lack of operating cash flow.
• Risks associated with the development of the testing and production facility with Sand Spirit.
• Exploration risks associated with the Rhodes Marsh Project.
• Obtaining and renewing licenses and permits.
• Governmental regulation and policy changes.
• Commodity price fluctuations.
• Risks associated with acquisitions.
• Competition in the lithium industry.
• Global financial conditions and geopolitical instability.
• Environmental risks associated with mineral exploration and development.
• Construction risks associated with project development.
• Title risks and First Nations rights.
• Community relations and maintaining a license to operate.
• Uninsurable risks.
• Additional funding requirements.
• Operational risks.
• Conflicts of interest.

Mitigation Strategies

• Seeking additional funding through equity, debt, grants, or joint ventures.
• Focusing on low-risk processes and technologies in initial AcQUA™ system design.
• Validating technology on significant resources in Chile and Argentina to attract partners and funding.
• Strategic partnership with Sand Spirit for Alabama facility.
• Developing offtake contracts with battery and automotive manufacturers.
• Close monitoring of activities and use of experienced advisors for risk management.
• Compliance with environmental regulations and responsible operating practices.
• Diversification of funding sources.
• Due diligence in acquisitions and integration of acquired businesses.
• Maintaining strong community relations and a license to operate.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• AcQUA™ lithium extraction technology

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Sustainability
• Water conservation
• Chemical reagent reduction
• Elimination of evaporation ponds

Environmental Achievements

• Developed AcQUA™, a patent-pending wastewater solutions technology for conditioning, pre-treatment and direct lithium extraction (DLE) from brine reservoirs, substantially reducing fresh water and chemical reagent consumption.
• Awarded USD $1.3 million FASTRACK grant from the U.S. Department of Energy for sustainable DLE.
• Received USD $250,000 early-stage capital retention grant from the Colorado Office of Economic Development and International Trade.

Social Achievements

• Appointed several individuals to its advisory board.
• Developed meaningful agreements with resource owners for future sales contracts.

Governance Achievements

• Appointed new President, Vice President – Strategy & Finance, Chief Operating Officer, General Counsel, and VP of Corporate Communications.
• Board approved the appointment of Seth Coblentz as Corporate Secretary.

Climate Goals & Targets

Environmental Challenges

• Insufficient capital and the need for additional funding.
• Limited operating history and unproven technology.
• Lack of operating cash flow.
• Risks associated with acquisitions.
• Commodity price fluctuations.
• Global financial conditions.
• Competition.
• Environmental risks.
• Construction risks.
• Regulatory requirements.
• Title claims and First Nations rights.
• Community relations and license to operate.
• Title risks.
• Uninsurable risks.
• Conflicts of interest.

Mitigation Strategies

• Seeking additional funding through equity capital, debt financing, government grants, or joint ventures.
• Focusing on early-to-market pre-treatment processing advantages and validating technology on significant resources.
• Developing a global sustainable lithium extraction process without evaporation ponds.
• Developing a lithium hydroxide facility in Bessemer, Alabama.
• Developing offtake contracts.
• Closely monitoring activities and employing experienced advisors for risk management.
• Implementing robust risk management strategies to address each challenge.

Supply Chain Management

Responsible Procurement

• Leveraging existing manufacturing capacity of membrane suppliers and electrodialysis stack system integrators.

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

• Goal 6: Clean Water and Sanitation
• Goal 7: Affordable and Clean Energy
• Goal 9: Industry, Innovation and Infrastructure
• Goal 13: Climate Action

The company's AcQUA™ technology contributes to these goals by reducing water consumption, promoting sustainable energy practices, fostering innovation in lithium extraction, and mitigating climate change impacts.

Sustainable Products & Innovation

• AcQUA™
• TIERRA™