5 Budget 2021 • $36.8 million over 3 years, starting in 2021-22, with $10.9 million in remaining amortization, to support targeted research and development for upstream critical minerals processing and battery precursors and related materials engineering. • $9.6 million over 3 years, starting in 2021-22, to Natural Resources Canada to create the Critical Minerals Centre of Excellence. The Centre will coordinate federal policy and programs, and work with provincial/territorial governments, Canadian industry, and with allied foreign governments to stimulate the development of Canadian critical mineral value chains. In Millions           2021-22       2022-23        2023-24          Total Critical Minerals Center of         $2.5          $3.6           $3.5           $9.6 Excellence Critical Minerals R&D              $8.70         $24.20         $14.80         $47.70

6 Critical Minerals Centre of Excellence (CMCE) Role and Responsibilities                                  Key Activities • Leading development of the Canadian Critical Minerals • Provide national policy advice and analysis in      Strategy collaboration with provinces and territories and  • Ensuring Canada’s policy and regulatory frameworks industry                                            support sector and industry growth while unlocking downstream opportunities • Represent the Government of Canada interests       • Partnering with other countries to diversify global supply and objectives internationally in bilateral and     chains with a heightened focus on the US, Japan, EU, multilateral fora                                   UK and South Korea • Supporting investment attraction • Coordinate programmatic support for Canadian projects in collaboration with other federal     • Improving industry access to federal programmatic partners, other levels of government and            support and facilitating strategically important critical minerals projects strategic partners • Enhancing FPT, indigenous and industry engagement • Lead the development of a three year                 and project coordination Research and Development plan in • Execution of R&D programming to advance critical collaboration with key partners, other levels of    mineral processing government, industry

Critical Minerals R&D $48M over three years for upstream critical minerals processing, battery precursors and materials engineering Battery minerals         Mineralogical transformation into battery chemicals, achieve battery grade (lithium, nickel, cobalt,    specifications at lower cost/energy, impurity removal/control, metallurgical graphite, vanadium …)        optimization of yield; primary sourcing; internal and external R&D, pilots Inventory of critical minerals from waste sources, process development for recovery, Mining Value from        repurpose and recycling of critical minerals; mineral and post consumer waste Waste             sourcing; internal and external R&D, pilots and prize challenge(s) Magnet value chain R&D for cost-competitive production of REE. Alternative Clean tech and other processing and separation options, piloting and demonstration of successful value chains (REE, technologies; primary sourcing; internal and external R&D, pilots and demos niobium)

Mines to Mobility – Building a Battery Ecosystem in Canada • Canada’s Mines to Mobility Initiative leverages mineral resource wealth to build an end-to-end battery innovation and industrial ecosystem • The Mines to Mobility Initiative aligns with Canada’s strengthened climate plan A Healthy Environment and a Healthy Economy o $8 billion Net Zero Accelerator will catalyze innovations in the development of Canadian electric vehicle production and support a battery innovation and industrial ecosystem • We are making strategic investments, working with provincial and territorial governments and engaging industry and other stakeholders to: o   Leverage strategic advantages in natural resources o   Build all segments of the battery supply chain o   Attract manufacturing mandates o   Foster battery-related research, development and commercialization MINERAL                        BATTTERY COMPONENTS,                         MATERIAL     BATTERY TECHNOLOGY BATTERY METAL                       MANUFACTURING OF EXPLORATION                         CELLS AND PACKS                          RECYCLING/   RESEARCH, DEVELOPMENT PROCESSING                         EVS & PARTS SUPPLY & MINING        & PRECURSORS      MANUFACTURING                        CIRCULAR ECONOMY & COMMERICALIZATION

9 Provincial & Territorial Activities Alberta          New and Modern            Saskatchewan                   April 2021 Presentation of Minerals Strategy                                        Saskatchewan's Rare Earth Processing Facility to EU Member States Quebec’s Plan for the Quebec                                          Ontario                   Ontario’s Critical Minerals List Development of Critical and Strategic Minerals Developing Inventory of Yukon Critical Minerals Potential