Ann: Preliminary Final Report, page-3

As LIS evolves and matures as a business we are increasingly looking to our long-term value proposition for investors, partners, and customers. To that end we are targeting four key strategic objectives over the next two years:

1. Pathway to core revenue – through completion of data sheets and test cells for partners and investment in battery pack development.

2. Additional funding and revenue streams – through our significant Government Grants and new products such as lithium foils.

3. Strong partnerships with offtake agreements – once test cells are available, we will seek to evolve our enduser partnerships into conditional offtake agreements.

4. A pathway to scale – offtake agreements and proven manufacturing processes will allow us to develop options for the next scale of commercial facility and open a range of licensing and funding models.