EUROPEAN LITHIUM LIMITED, page-535

Hi,

The economics for Lithium are improving every months.

Latest EV sales figures from BYD in China are breaking records (tripling in one year).

Overall global EV sales are now expected to double this year compared to 2021.

On the supply side PLS can't expand their mine in WA because of labour shortages. Production 40,000 tons short of planned production.

PLL has approval problems for their mine in the US while RIO's European Lithium project did not get approval.

Some commentators from the big investment houses have no clue what is going on. (Same like some analysts on Wall street who say Tesla will be overrun by legacy car manufacturers in coming years.)

Toyota and GM the two companies that totally missed the boat of the transition from ICE to EV won't exist anymore by the end of the decade.

Cathie Wood from ARK Invest is setting up a fund to short sell these totally mismanaged companies.

Exciting times ahead.

K