Announcement PDF Building a Lithium Future ASX ANNOUNCEMENT AND MEDIA RELEASE 14 June 2024 RESULTS OF ANNUAL GENERAL MEETING In accordance with ASX Listing Rule 3.13.2 and section 251AA(2) of the Corporations Act 2001 (Cth), Lithium Universe Limited (referred to as "Lithium Universe" or the "Company," ASX: "LU7") attaches the voting results for the resolutions considered at its Annual General Meeting held today (Appendix 1). The Company is pleased to advise that all resolutions put to shareholders were passed, and decided by way of poll. - Ends Lithium Universe Interactive Investor Hub Engage with Lithium Universe directly by asking questions, watching video summaries and seeing what other shareholders have to say about this, as well as past announcements, at our Investor Hub https://investorhub.lithiumuniverse.com/ Authorisation Authorised by Kurt Laney, Company Secretary of Lithium Universe Limited. For more information, please contact: Alex Hanly Chief Executive Officer Lithium Universe Limited Email: info@lithiumuniverse.com Iggy Tan Chairman Lithium Universe Limited Email: info@lithiumuniverse.com Forward-looking Statements This announcement contains forward-looking statements which are identified by words such as ‘anticipates’, ‘forecasts’, ‘may’, ‘will’, ‘could’, ‘believes’, ‘estimates’, ‘targets’, ‘expects’, ‘plan’ or ‘intends’ and other similar words that involve risks and uncertainties. Indications of, and guidelines or outlook on, future earnings, distributions or financial position or performance and targets, estimates and assumptions in respect of production, prices, operating costs, results, capital expenditures, reserves and resources are also forward-looking statements. These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions and estimates regarding future events and actions that, while considered reasonable as of the date of this announcement and are expected to take place, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of our Company, the Directors, and management. We cannot and do not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this announcement will occur and readers are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements are subject to various risk factors that could cause actual events or results to differ materially from the events or results estimated, expressed, or anticipated in these statements. Lithium Universe Limited ASX:LU7 ABN 22 148 878 782 Suite 9, 295 Rokeby Road, Subiaco, WA 6008, Australia Telephone: +61 02 8046 2799 Website: www.lithiumuniverse.com Investor Hub: investorhub.lithiumuniverse ABOUT LITHIUM UNIVERSE LIMITED (ASX:LU7) Lithium Universe has two distinct operations that encompass its business objectives. Lithium Exploration LU7 seeks to establish itself as a prominent lithium project builder by prioritizing the swift and successful development of lithium projects. Instead of exploring for the sake of exploration, LU7's mission is to quickly obtain a resource and construct a spodumene-producing mine in Québec, Canada. Unlike many other lithium exploration companies, LU7 possesses the essential expertise and skill to develop and construct profitable projects. Additionally, LU7 has access to significant Lithium opportunities in Tier 1 mining jurisdictions in Canada and Australia. Lithium Conversion Lithium Universe is dedicated to closing the ‘Lithium Conversion Gap’ in North America by developing a mine-to-battery-grade lithium carbonate strategy in Québec, Canada. Our mission is to support the supply chain needs of original equipment manufacturers (OEMs), particularly in the automotive sector, by converting spodumene supply into lithium chemicals for EV battery plants North America. Our business model focuses on converting spodumene supplies under "take or pay" agreements with OEMs. These agreements include protective pricing mechanisms, such as floor and ceiling prices, to ensure stable margins and mitigate market volatility. This approach guarantees our LU7 refinery's payback while providing OEMs with a reliable and sustainable supply of lithium chemicals. THE LITHIUM CONVERSION GAP North America anticipates a surge in battery manufacturing, with over 20 major manufacturers planning to deploy an estimated 1,000GW of battery capacity.The Company estimates that 850,000t of LCE per annum will be required to satisfy demand in North America by 2028. Spodumene concentrate needs to be converted to battery-grade lithium carbonate or hydroxide to be used in the production of cathode materials for lithium batteries. Currently, there are no operational converters in North America and the Company estimates only 100,000t of LCE hard rock converters are slated for construction in the region by 2028. The region seeks to decrease dependence on Chinese lithium converters, aligning with both commercial and national security goals to onshore the lithium battery supply chain in North America. PROVEN LITHIUM EXPERTISE The Company is comprised of lithium industry leaders known as the ‘Lithium Dream Team’, who are known for rapidly developing and operating hard rock lithium extraction and downstream operations across Australia and China. The Company’s Chairman, Iggy Tan, is considered a pioneer in the modern lithium industry; spearheading Galaxy Resources, Iggy Tan built the first large-scale vertically integrated mine-to-refinery project including the 1 million tpa Mt Cattlin Spodumene Project and the downstream 17,000 tpa Jiangsu Lithium Carbonate Refinery. Patrick Scallan, Director, is a seasoned veteran of the lithium industry with over 25 years of managing the world-class Greenbushes Mine including production expansion from 200ktpa to 1.4mtpa during his tenure. Dr Jingyuan Liu is a world-leading technical expert in downstream lithium processing having consulted for over 25 different refinery operations over the world having previously managed the construction and commissioning of the Jiangsu Lithium Refinery for Galaxy. Lithium Universe Limited ASX:LU7 ABN 22 148 878 782 Suite 9, 295 Rokeby Road, Subiaco, WA 6008, Australia Telephone: +61 02 8046 2799 Website: www.lithiumuniverse.com Investor Hub: investorhub.lithiumuniverse Mr Terry Stark, who previously served as the General Manager of Operations for both Mt Cattlin and James Bay projects; Mr Roger Pover, with extensive experience as Plant Manager at Greenbushes and Mt Cattlin. John Loxton, who was involved in the construction of Jiangsu Lithium Carbonate Plant for Hatch Engineering and Johnn Sobolewski, former CFO and Co Sec of Galaxy Resources, assumes the role of Chief Financial Officer at Lithium Universe. PROVEN LITHIUM TECHNOLOGY The Jiangsu Lithium Carbonate Plant, initially designed to produce 17,000 tpa of battery-grade lithium carbonate, has set a global benchmark for lithium refineries by incorporating advanced Western continuous process control techniques. The plant has surpassed its design capacity, now producing 20,000 tpa of high-quality battery-grade lithium carbonate. Remarkably, it achieved steady-state quality within two years of groundbreaking. Building on this success, Lithium Universe plans to replicate the Jiangsu plant's design, utilizing the same suppliers, equipment, and engineering firm to mitigate risks. Hatch Limited, the engineering company behind the original Jiangsu plant, has been contracted to conduct the Definitive Feasibility Study (DFS) for the Company’s Bécancour Lithium Refinery. Lithium Universe Limited ASX:LU7 ABN 22 148 878 782 Suite 9, 295 Rokeby Road, Subiaco, WA 6008, Australia Telephone: +61 02 8046 2799 Website: www.lithiumuniverse.com Investor Hub: investorhub.lithiumuniverse Disclosure of Proxy Votes Automic GPO Box 5193, Sydney, NSW 2001 P 1300 288 664 (aus) or +61 (0)2 9698 5414 (world) F +61 (0)2 8583 3040 E hello@automic.com.au ABN 27 152 260 814 Lithium Universe Limited Annual General Meeting Friday, 14 June 2024 In accordance with section 251AA of the Corporations Act 2001, the following information is provided in relation to resolutions put to members at the meeting. Poll Results (if applicable) Proxy Votes Resolution Decided by Show of Hands (S) or Poll (P) Total Number of Proxy Votes exercisable by proxies validly appointed 1 ADOPTION OF REMUNERATION REPORT P 126,623,561 2 ELECTION OF DIRECTOR – JINGYUAN LIU P 126,646,111 3 ELECTION OF DIRECTOR – PATRICK SCALLAN P 126,546,111 4 RE-ELECTION OF DIRECTOR – FADI DIAB P 126,646,111 5 APPROVAL OF 7.1A MANDATE P 125,856,111 6 APPOINTMENT OF AUDITOR AT AGM TO FILL VACANCY P 126,753,561 7 INCREASE IN TOTAL AGGREGATE REMUNERATION FOR NON-EXECUTIVE DIRECTORS P 125,923,561 8 ISSUE OF INCENTIVE PERFORMANCE RIGHTS TO DIRECTOR – IGGY TAN P 126,638,561 FOR AGAINST 125,093,696 1,304,865 98.79% 1.03% 126,385,136 235,975 99.79% 0.19% 126,465,236 55,875 99.94% 0.04% 126,085,136 535,975 99.56% 0.42% 125,009,636 621,475 99.33% 0.49% 126,492,586 235,975 99.79% 0.19% 123,714,677 1,968,884 98.25% 1.56% 124,739,677 1,673,884 98.50% 1.32% ABSTAIN 250,000 227,450 327,450 227,450 1,017,450 120,000 950,000 235,000 PROXY'S DISCRETION FOR AGAINST 225,000 133,882,759 1,304,865 0.18% 99.03% 0.97% 25,000 134,874,199 235,975 0.02% 99.83% 0.17% 25,000 135,054,299 55,875 0.02% 99.96% 0.04% 25,000 131,674,199 535,975 0.02% 99.59% 0.41% 225,000 133,498,699 621,475 0.18% 99.54% 0.46% 25,000 135,081,649 235,975 0.02% 99.83% 0.17% 240,000 124,604,677 1,968,884 0.19% 98.44% 1.56% 225,000 125,614,677 1,673,884 0.18% 98.68% 1.32% Results ABSTAIN OUTCOME 250,000 - 327,450 Passed 327,450 Passed 3,227,450 Passed 1,317,450 Passed 120,000 Passed 950,000 Passed 235,000 Passed Poll Results (if applicable) Proxy Votes Resolution Decided by Show of Hands (S) or Poll (P) Total Number of Proxy Votes exercisable by proxies validly appointed 9 ISSUE OF INCENTIVE PERFORMANCE RIGHTS TO DIRECTOR – GERNOT ABL P 126,488,561 10 ISSUE OF INCENTIVE PERFORMANCE RIGHTS TO DIRECTOR – FADI DIAB P 126,488,561 11 ISSUE OF INCENTIVE PERFORMANCE RIGHTS TO DIRECTOR – PATRICK SCALLAN P 126,638,561 12 ISSUE OF INCENTIVE PERFORMANCE RIGHTS TO DIRECTOR – JINGYUAN LIU P 126,438,561 13 RATIFICATION OF PRIOR ISSUE OF TRANCHE 1 PLACEMENT SHARES P 126,146,111 14 APPROVAL TO ISSUE TRANCHE 2 PLACEMENT SHARES P 113,205,061 15 APPROVAL TO ISSUE PLACEMENT OPTIONS P 126,353,561 16 APPROVAL TO ISSUE SPP OPTIONS P 57,765,771 17 ISSUE OF SPP OPTIONS TO RELATED PARTY – GERNOT ABL P 126,488,561 18 ISSUE OF SPP OPTIONS TO RELATED PARTY – FADI DIAB P 126,488,561 19 ISSUE OF SPP OPTIONS TO RELATED PARTY – IGGY TAN P 126,638,561 20 APPROVAL TO ACQUIRE QUÉBEC LITHIUM PROCESSING HUB SITE P 126,573,561 FOR AGAINST 124,564,677 1,698,884 98.48% 1.34% 124,564,677 1,698,884 98.48% 1.34% 124,714,677 1,698,884 98.48% 1.34% 124,564,677 1,648,884 98.52% 1.30% 125,447,696 673,415 99.45% 0.53% 112,499,196 680,865 99.38% 0.60% 125,147,696 980,865 99.05% 0.78% 56,259,906 1,280,865 97.39% 2.22% 124,696,177 1,567,384 98.58% 1.24% 124,696,177 1,567,384 98.58% 1.24% 124,846,177 1,567,384 98.58% 1.24% 126,212,586 335,975 99.71% 0.27% ABSTAIN 385,000 385,000 235,000 435,000 727,450 720,000 520,000 220,000 385,000 385,000 235,000 300,000 PROXY'S DISCRETION FOR AGAINST 225,000 125,439,677 1,698,884 0.18% 98.66% 1.34% 225,000 125,439,677 1,698,884 0.18% 98.66% 1.34% 225,000 125,589,677 1,698,884 0.18% 98.67% 1.33% 225,000 125,339,677 1,648,884 0.18% 98.70% 1.30% 25,000 134,036,759 673,415 0.02% 99.50% 0.50% 25,000 121,088,259 680,865 0.02% 99.44% 0.56% 225,000 133,936,759 980,865 0.18% 99.27% 0.73% 225,000 60,634,906 1,280,865 0.39% 97.93% 2.07% 225,000 128,571,177 1,567,384 0.18% 98.80% 1.20% 225,000 130,485,240 1,567,384 0.18% 98.81% 1.19% 225,000 133,635,240 1,567,384 0.18% 98.84% 1.16% 25,000 134,801,649 335,975 0.02% 99.75% 0.25% Results ABSTAIN OUTCOME 385,000 Passed 385,000 Passed 235,000 Passed 535,000 Passed 727,450 Passed 720,000 Passed 520,000 Passed 220,000 Passed 385,000 Passed 385,000 Passed 235,000 Passed 300,000 Passed