Ann: Quarterly Activities Report, page-2

The Transactions result in LPI current shareholders increasing their effective ownership in Maricunga from 51.55% to~57.9% which is ~12% on a relative basis. This has been achieved by LPI undertaking the Transactions at a 17.1%discount to the look-through value of Maricunga in LPI based on the 1-month volume weighted average price of LPI atthe time the transaction was announced.3 As a result of the Transactions, proforma LPI will benefit from enhanced scaleand control of Maricunga, which will significantly increase LPI’s attributable production to 15.2ktpa of battery grade lithiumcarbonate from Maricunga based on the 2022 DFS

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Still feels good man.