AZL General Discussion, page-19050

AZL's ability to deliver on its promises and its dedication to developing its lithium projects

Arizona Lithium (AZL) has made significant progress in advancing its lithium projects in the United States, demonstrating its commitment to timely delivery of its promises. The company has successfully met several milestones, including:

1. Commencing construction at the Prairie Lithium Project: In November 2023, AZL initiated construction activities at the Prairie Lithium Project in Saskatchewan, Canada. This marks a crucial step towards the development of a commercial Direct Lithium Extraction (DLE) facility at the project.

2. Completing commissioning of the Prairie Pilot Plant: The successful commissioning of the Prairie Pilot Plant in November 2023 is a testament to AZL's technical expertise and its ability to execute its plans. The pilot plant will play a vital role in optimizing the DLE process and producing high-quality lithium carbonate.

3. Upgrading the Prairie Lithium Resource Estimate: AZL recently announced an upgrade to the Prairie Lithium Resource Estimate, indicating a substantial increase in the project's potential. This positive development reinforces the project's economic viability.

4. Advancing exploration activities at the Big Sandy Lithium Project: AZL continues to conduct exploration activities at the Big Sandy Lithium Project in Arizona, USA.

5. Establishing a state-of-the-art Lithium Research Facility:AZL's establishment of a Lithium Research Center in Arizona demonstrates its commitment to innovation and technological advancement in the lithium sector. The facility will serve as a hub for research and development, supporting the optimization of lithium extraction processes and the production of battery-grade lithium chemicals.

These achievements highlight AZL's ability to deliver on its promises and its dedication to developing its lithium projects responsibly and efficiently. The company's progress positions it well to become a significant player in the North American lithium industry.