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Battery Metals Equity Purchase:

New Generation Minerals and Altilium Group partnership aims to promote, market and license the DNi Process™, Altilium's ground-breaking, patent-protected method for extracting nickel, cobalt and other constituent metals in laterite ore, in Western Australia.

Investment highlights:

• Nickel demand exceeds capacity, multiple new projects needed;
• Western Australia is the top global location, ethical mining and large nickel-cobalt resources;
• NGM partnering with DNi™, Technology to build nickel-cobalt processing hub in heart of Western Australia reserves;
• NGM is partnered with Altilium Group to build the next plant in Queensland, Western Australia;
• NGM intends to limit equity finance in favour debt / off-take finance;
• NGM has set up new company – New Generation Minerals Australia Pty Ltd, 100% owned by NGM (UK);
• NGM is currently in negotiations for a trade sale.