Announcement PDF PV SOLAR CELL RECYCLING TECHNOLOGY Utilising Microwave Joule Heating Delamination EXCITING OPPORTUNITY WHILE WE WAIT FOR LI MARKET TO RECOVER • Completed Bécancour Lithium Refinery DFS • Secured Bécancour land, supply partnerships etc. • Finalizing spodumene offtake, then OEM Li Carbonate offtake • Ready for a lithium price recovery - Counter-cyclical strategy • Presented with exciting PV recycling opportunity • Can add value while we wait for the lithium market to recover • Partnership with Macquarie University - Opportunity to accelerate the development • PV SOLAR PANELS • PV solar panels key to energy transition • Global PV market - US$39.8 billion by 2037 • Growing at a CAGR of around 8.2% • 37% of Australian households - installed PV panels • 4 million homes and small businesses • In 2024, 12.4% of Aust electricity came from rooftop solar THE PROBLEM TODAY • Globally 60-78mt accumulated waste PV by 2050 • Australia 1mt end-of-life PV worth $1B by 2045 • Only 15% of PV cells today are recycled • Rest ends up in LAND FILL • Valuable silicon, silver, gallium & indium • Ends up in land fill 15% “Australia is about to be hit by a Tsunami of Solar Waste” (International Energy Agency)) PV SOLAR CELL Frame Front Glass Encapsulant (EVA) Solar Cell Encapsulant (EVA) Back Sheet CRITICAL METALS LOST FROM INEFFICIENT RECYCLING Silicon Silver Gallium Indium (Semiconductor) (Electrical Conductivity) (Energy Efficiency) (Energy Absorption) In Fact, the Silver that’s contained inside Solar Modules equates to in its totality, Australia’s Biggest Silver Mine” (Australia Smart Energy Council) TRADITIONAL PV RECYCLING • Shredding and grinding PV cells • EVA (binder) is removed by high temperatures • EVA removed by toxic acid chemicals • Glass and low silicon and silver recovery • Only 15% of PV cells are recovered • Due to complexity, high cost, poor yields Initial Dismantling Mechanical Breakdown Material Extraction TRADITIONAL PV RECYCLING ACQUISITION PV RECYCLING TECHNOLOGY • Agreement to acquire global rights • Photovoltaic (PV) solar panel recycling technology • Microwave Joule Heating Technology (MJHT) • Utilizes microwave technology • Selectively heat and delaminate PV cells • Exclusive licensing agreement AUSTRALIAN TECHNOLOGY • Led by Dr. Binesh Puthen Veettil (School of Engineering) • Developed a new microwave technology (MJHT) • School of Photovoltaics at UNSW and the Australian Centre for Advanced Photovoltaics • Breakthrough technology • New way to recover silver and silicon ADVANTAGES OF TECHNOLOGY • Instantly targeted heating of silicon • At room temperature (microwave) rather than 1,400°C • Potential extraction and purification of high-grade silicon • Preservation of glass, silicon, copper, indium, and gallium • Possibility of higher recovery rates • Reduced contamination ADVANTAGES OF TECHNOLOGY • Softens the ethylene vinyl acetate (EVA) encapsulant • Enabling easy mechanical separation • Without the need for aggressive chemical treatments • No toxic chemicals or byproducts • Reducing the need for complex waste management MJHT SELECTIVE DELAMINATION Back Sheet Delamination Front Glass Microwave Delamination EVA Solar Cell EVA Microwave Radiation Backsheet Glass Plate Front Glass EVA EVA Sheets Solar Cells Solar Cell EVA Backing Plate Back Sheet or Glass Plate Front Glass Delamination Front Glass EVA Solar Cell EVA Backsheet MJHT PV RECYCLING CRUSHING VS DELAMINATION Method Crushing MJHT Delamination Process Mechanical shredding & crushing of full panel Layer-by-later separation (thermal, chemical or mechanical) Material Integrity High contamination mixed fragments Preserves materials in cleaner separable form Silver Recovery <5% (often lost in residue) Up to 95-100% recovery possible Economic Value Approx 35% of panel value recovered Potential for 3-4x higher value recovery compared to crushing Environmental Impact Higher waste, more landfill Enables circular economy, reduces environmental burden ACQUISITION MILESTONE PAYMENTS ACQUISITION DETAILS • Binding agreement to acquire 100% of the issued share capital of New Age Minerals Pty Ltd (NAM) for nominal consideration entered. • Completion conditional on completion of due diligence on NAM and variation of licensing agreement to incorporate amendments necessary or desirable to align its terms with the change in ownership of NAM. ACQUISITION MILESTONE PAYMENTS LICENSING AGREEMENT PAYMENTS • Reimbursement of registration cost of A$33,900. • Annual payment of $20,000 commencing from 2027 and continuing until 2042. • 3% royalty on annual gross sales of products derived from MJHT, if commercialized. • $100,000 payment upon the successful commissioning and initial testing of the pilot plant, as reasonably determined by NAM (payable in cash or shares on Macquarie University’s election). • $100,000 payment upon the commencement of production leading to the first commercial sale of the licensed product or process (payable in cash or shares on Macquarie University’s election). • Share payments based on 15-day volume-weighted average price (VWAP) preceding the date of issuance and subject to Shareholder approval. SILICON MARKET Silicon Metal Market • 3.45 million tonnes in 2025 • 4.49 million tonnes by 2030 growing at CAGR 5.41% pa • Solar panels projected highest growth rate of 7% til 2029 • Silicon dominance in semi-conductor material in solar cells Market Size in Million Tonnes CAGR 5.41% Metal Market 4.49 million 3.45 million 2025 Source: Mordo Intelligence 2030 700 35% 600 30% 500 25% 400 20% 300 15% 200 10% 100 5% 0 0% 2015 2016 2017 2018 2019 2020 2021 2022 Photovoltaics Other Electrical Other Photovoltaics (Share Right) Source: Metals Focus, Wisdom Tree, January 2025 Electrical 2023 2024 2025 Brazing Alloys & solders Photovoltaic chare • Record demand 680 million ounces in 2024 • Industrial demand surged by 7% • Growth is expected to carry beyond 2025 • Photovoltaics and AI as the fastestgrowing drivers Million ounces SILVER MARKET SILVER MARKET • Demand has started to outstrip supply • Significant price increase in face of Silver shotfall • Silver recovery from recycling will become increasing important PV RECYCLING GROWTH FUTURE The need for PV recycling is Compelling TECHNOLOGY IS KEY Macquarie Microwave Heating Delamination Technology CHEMICAL EXPERTISE LU7 Team has Chemical Experience to develop Technology INVESTOR HIGHLIGHTS CAUTIONARY STATEMENTS This presentation has been prepared by Lithium Universe Limited (LU7 or the Company). This presentation has been prepared as at 18 June 2025 and statements are current only as at that date. This presentation is provided on the basis that neither the Company nor its representatives make any warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in the presentation and nothing contained in the presentation is, or may be relied upon as a promise, representation or warranty, whether as to the past or the future. The Company hereby excludes all warranties that can be excluded by law. The presentation contains material which is predictive in nature and may be affected by inaccurate assumptions or by known and unknown risks and uncertainties, and may differ materially from results ultimately achieved. This presentation is in summary form and does not purport to be all inclusive or complete. The information in this presentation is of a general nature and does not purport to contain all the information which a prospective investor may require in evaluating a possible investment in the Company or that would be required in a prospectus or product disclosure statement or other offering document prepared in accordance with the requirements of Australian law or the laws of any other jurisdiction, including the United States of America. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained. This is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer or invitation for sale or subscription of any securities or any solicitation for any offer to buy or subscribe for any securities nor is it a recommendation in relation to any transaction associated with LU7. Further, this presentation does not comprise a prospectus, product disclosure statement or other offering document under Australian law (and will not be lodged with the Australian Securities and Investments Commission) or any other law. In particular, this presentation does not constitute an offer to sell or a solicitation to buy, securities in the United States of America. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. Please note that, in providing this presentation, The Company has not considered the objectives, financial position or needs of any particular recipient. The information contained in this presentation is not a substitute for detailed investigation or analysis of any particular issue and does not purport to be all of the information that a person would need to make an assessment of the Company or its assets. Current and potential investors should seek independent advice before making any investment decisions in regard to the Company or its activities. To the fullest extent permitted by law, the Company, its officers, employees, related bodies corporate, agents and advisers do not make any representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of any information, statements, opinions, estimates, forecasts or other representations contained in this presentation. No responsibility for any errors or omissions from this arising out of negligence or otherwise is accepted. FORWARD LOOKING STATEMENTS This presentation contains “forward-looking information” that is based on the Company’s expectations, estimates and projections as of the date on which the statements were made. This forward-looking information includes, among other things, statements with respect to studies, the Company’s business strategy, plan, development, objectives, performance, outlook, growth, cash flow, projections, targets and expectations. Generally, this forward looking information can be identified by the use of forward-looking terminology such as ‘outlook’, ‘anticipate’, ‘project’, ‘target’, ‘likely’,’ believe’, ’estimate’, ‘expect’, ’intend’, ’may’, ’would’, ’could’, ’should’, ’scheduled’, ’will’, ’plan’, ’forecast’, ’evolve’ and similar expressions. Persons reading this news release are cautioned that such statements are only predictions, and that the Company’s actual future results or performance may be materially different. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Forward-looking information is developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to general business, economic, competitive, political and social uncertainties; the actual results of current development activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of metals; failure of plant, equipment or processes to operate as anticipated; accident, labour disputes and other risks of the chemical industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information. Neither the Company, nor any other person, gives any representation, warranty, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statement will actually occur. Except as required by law, and only to the extent so required, none of the Company, its subsidiaries or its or their directors, officers, employees, advisors or agents or any other person shall in any way be liable to any person or body for any loss, claim, demand, damages, costs or expenses of whatever nature arising in any way out of, or in connection with, the information contained in this document. The Company disclaims any intent or obligations to or revise any forward-looking statements whether as a result of new information, estimates, or options, future events or results or otherwise, unless required to do so by law.