TALGA GROUP LTD — Capital/Financing Update 2025

May 13, 2025

ASX:TLG

ASX Release 14 May 2025

Talga executes binding Vittangi anode offtake with fast-charge pioneer Nyobolt

Battery materials company Talga Group Ltd (“ Talga ” or “ the Company ”) is pleased to announce the execution of a binding offtake agreement with Nyobolt, a pioneer of high-power, ultra-fast battery charging technologies, for a multi-year supply of Talnode[®] -C graphite anode from the Company’s wholly owned Vittangi Anode Project in Sweden.

Nyobolt has validated Talnode[®] -C as a feedstock for its proprietary fast-charging battery technology and the offtake agreement follows Talga’s vertically integrated natural graphite mine and anode refinery being designated as Strategic Projects under the European Commission’s Critical Raw Materials Act (ASX:TLG 26 March 2025) and the EU Net-Zero Industry Act (ASX:TLG 16 April 2025).

Nyobolt’s fast-charge systems are now being deployed in an expanding range of applications including high-performance and heavy-duty vehicles, AI warehouses and data centres. With over $150 million in contract value already secured plus recent investment from Scania Invest to fuel further expansion, Nyobolt has placed a growing emphasis on developing robust supply chains.

Under the offtake agreement, Nyobolt commits to purchasing ~3,000 tonnes total of Talnode[®] -C at a fixed price for an initial term of four years commencing from 13 May 2025. Initial supply will be from Talga’s Electric Vehicle Anode (EVA) demonstration plant in Luleå, with the balance to be from the commercial Anode Refinery in Luleå, planned for construction to commence in 2026 subject to FID.

The offtake agreement is subject to commercial production milestones being achieved. Should Nyobolt or the Company not achieve its forecast volumes under the offtake agreement the parties will renegotiate the terms of the offtake agreement.

Talga is currently engaged with a number of other targeted high-value customers to secure purchase commitments for remaining Talnode[®] -C production capacity, further strengthening the commercial foundation of the Vittangi Anode Project.

Talga Group CEO, Martin Phillips, commented : “ This Agreement marks a significant milestone in Talga’s mission to deliver sustainable, high-power anode materials to the global battery market. The Agreement also underpins the start of commercial sales, and follows extensive qualification and validation in exciting high-power applications that are subject to high growth market demand.”

Nyobolt CEO, Dr Sai Shivareddy, commented : “Our partnership with Talga represents a strategic pillar in Nyobolt’s globally diversified sourcing approach to enhance operational efficiency and mitigate supply chain risk as it scales its game-changing battery technology. Nyobolt is evolving rapidly as more customers seek high performance and maximum uptime for a growing range of power-intensive applications.”

info@talgagroup.com +61 8 9481 6667

Talga Group Ltd ABN 32 138 405 419 ASX: TLG

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

www.talgagroup.com Talga Group @Talga_Ltd

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

For further information please contact:

Mark Thompson Candice Sgroi Managing Director Group IR Manager Talga Group Ltd Talga Group Ltd +61 (0) 8 9481 6667 +61 (0) 8 9481 6667

About Talga

Talga Group Ltd (ASX:TLG) is a leader in the development of sustainable battery materials. Via innovative technology and vertical integration of our 100% owned Swedish graphite resources, Talga offers a secure supply of products critical to the green transition.

Talga’s flagship product, Talnode[®] -C, is a natural graphite anode material made using renewable energy for a low emissions footprint. Other battery materials under development include an advanced silicon anode product, recycled graphite anode material and conductive additives for cathodes.

Website: www.talgagroup.com

About Nyobolt

Nyobolt is a pioneering developer of ultra-fast, high-power battery charging technology, revolutionising energy storage for electric vehicles, industrial robotics, and heavy-duty applications. Founded in 2019 by Professor Dame Clare Grey DBE, FRS, Dr. Sai Shivareddy, and Dr. Kent Griffith, Nyobolt leverages over a decade of battery research to deliver scalable, manufacturable solutions that charge in minutes and offer exceptional power density. With operations in the UK, US, and Asia, Nyobolt’s global team of experts collaborates with industry leaders to drive the transition to clean energy, maximising uptime and productivity.

Website: www.nyobolt.com

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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.

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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