TALGA GROUP LTD — Capital/Financing Update 2025

Oct 16, 2025

ASX Release 17 October 2025

ASX:TLG

Grant from Swedish government advances near-term Talga graphite anode production

Battery materials and technology company Talga Group Ltd (“ Talga ” or “ the Company ”) has been awarded SEK 82.6 million (A$13.3m) in state aid under the Swedish Energy Agency’s Industrial Leap (“Industriklivet”) program.

Sweden’s Industrial Leap program is part of the EU Recovery and Resilience Facility (RRF) and Next Generation EU and is a government initiative run by the Swedish Energy Agency.

The grant is expected to be disbursed to the Company in full this quarter and will partly fund the “Sustainable, low emission active anode material made from natural graphite and recycled graphite" project which has a total value of SEK 190 million (A$30.8m). The project will validate this low-emission, low-cost process at near-industrial scale, informing engineering design for the commercial plant and completing qualification of these anode products with customers. The project is to be completed by 30 June 2026.

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The significant government funding confirms strong third-party validation of Talga’s project and reduces development risk as the Company advances towards Final Investment Decision (FID) on the commercial scale Luleå Anode Refinery, which was selected last year to receive a European Commission backed €70 million grant (~A$115 million) through incorporating recycled graphite feedstock into the engineering design (ASX: TLG 25/10/2024). Further significant scale grant applications are in process, and any developments will be disclosed when finalised.

Talga Group CEO, Martin Phillips, commented: “The Swedish government’s support sends a clear signal that Talga’s critical mineral project is important for Sweden and Europe. It will help establish a complete, secure, sustainable supply of battery graphite anode material and deliver emissions reductions against the current backdrop of tightening China battery supply chains in EVs, Battery Energy Storage Systems, robotics and defence applications.

Talga is in a strong position to capitalise as battery manufacturers seek localised Li-ion battery anode material, with the Company’s range of battery anode products, sustainably developed with wholly inhouse Research & Development team, made with 100% owned process technology.

Authorised for release by the Board of Directors of Talga Group Ltd.

info@talgagroup.com www.talgagroup.com +61 8 9481 6667 Talga Group @Talga_Ltd

Talga Group Ltd ABN 32 138 405 419 ASX: TLG

Suite 3.03, Level 3, 46 Colin Street West Perth 6005 Australia

For further information please contact:

Mark Thompson Managing Director Talga Group Ltd +61 (0) 8 9481 6667

Candice Sgroi Group Investor Relations Manager Talga Group Ltd +61 (0) 400 492 285

About Talga

Talga Group Ltd (ASX:TLG / OTCQX:TLGRF) is a global leader in producing high-power, sustainable battery anode and advanced graphitic materials. Our capabilities include proprietary graphite purification, shaping and coating technologies, ensuring secure and low-emission Li-ion battery anode supply chains and new-energy materials. Talga’s products and technologies solve battery manufacturing challenges such as supply vulnerabilities, performance limitations and recyclability, thereby accelerating the shift to more secure critical mineral product manufacturing.

Website: www.talgagroup.com

Forward-Looking Statements & Disclaimer

Statements in this document regarding the Company's business or proposed business, which are not historical facts, are forward-looking statements that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Those risks and uncertainties include factors and risks specific to the industries in which the Company operates and proposes to operate as well as general economic conditions, prevailing exchange rates and interest rates and conditions in the financial markets, among other things. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements.

No forward-looking statement is a guarantee or representation as to future performance or any other future matters, which will be influenced by a number of factors and subject to various uncertainties and contingencies, many of which will be outside the Company’s control. There can be no assurance that the plans of the directors and management of Talga will proceed as currently expected or will ultimately be successful.

The Company does not undertake any obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after today's date or to reflect the occurrence of unanticipated events. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions or conclusions contained in this announcement. To the maximum extent permitted by law, none of the Company’s directors, employees, advisors, or agents, nor any other person, accepts any liability for any loss arising from the use of the information contained in this announcement.

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This announcement may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdiction. Recipients should inform themselves of the restrictions that apply in their own jurisdiction. A failure to do so may result in a violation of securities laws in such jurisdiction. This document does not constitute investment advice and has been prepared without taking into account the recipient’s investment objectives, financial circumstances or particular needs and the opinions and recommendations in this representation are not intended to represent recommendations of particular investments to particular persons.

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