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Positive Materials, Inc.

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Company Synopsis
Positive Materials Inc. is a private Canadian company advancing the development of what is expected to
be globally cost competitive ternary precursor cathode active materials production facility in Belledune,
New Brunswick, Canada. The project is in an advanced stage of engineering and permitting. Positive is
pursuing a toll processing business model and deploying advanced commercially-proven and sustainable
pCAM manufacturing technology. Initial commercial pCAM production is expected to begin in 2029, at a
rate of 30,000 tonnes per annum of energy-dense nickel-based pCAM , scaling to 120,000 tpa by around
2032.
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