EUROPEAN LITHIUM LIMITED, page-567

Hi,

I think I mentioned it before.

A lot of Lithium companies are trading 10%, 20% and even 30% below their highs they reached in Oct, Nov and Dec.

Lithium companies were pulled down with shares in technology companies.

Even Tesla is trading about 25% below its' highs.

It has become so strange that Tesla struggles to get enough batteries to launch the Cybertruck. Battery manufacturers beating up the spot price (500% one year performance).

The supply deficits in the Lithium market are far higher than what most analysts forecast as they underestimate the growth in EV demand.

When the increased Lithium prices of the last 3-4 months will show up in cash flow and profits of current Lithium producers a new interest in Lithium shares will lift shares substantially again in my opinion.

K