Ann: Quarterly Activities Report June 2023, page-8

Maricunga has several advantages compared to Atacama

• LPI is the owner for both, Stage One and Stage Two
• Stage One is ready to go
• No 40% royalty tax like Atacama
• LPI owns the land for the evaporation ponds
• LPI has the water rights
• Stage Two cannot be developed without LPI

All good arguments for a strategic partner like Mitsui, Albermale, SQM, BYD, …