Ann: SUCCESSFUL PLACING TO RAISE AUD 7.1M, page-2

'A Thematica representative said: “The strong growth in European EV sales and the rise
of domestic battery cell production is going to require substantial lithium supply in the
future. The European Raw Material Alliance (ERMA) has stated its ambition is to have
80% of lithium supply sourced locally – we see European Metals Holdings, that should
reach final investment decision in early 2022 post the completion of a definitive
feasibility study, as one of the first producers of battery-grade lithium chemicals on the
continent and given its large resource, a meaningful contributor to the ERMA target.”'

https://investi.com.au/api/announcements/emh/c07ae733-19b.pdf