LibertyStream Infrastructure Partners (LIB) investor relations material

Strategic partnerships and operational progress

• Partnered with Select Water Solutions in the Permian Basin, already producing lithium carbonate on site and delivering samples to customers.

• First facility targets 1,000 tons/year, with identified paths to over 10,000 tons and potential for 100,000+ tons annually.

• Modular, repeatable process leverages existing oil and gas infrastructure, enabling rapid deployment and scalability.

• Multi-year agreement with Select Water Solutions includes additional facilities by 2027 and ongoing expansion.

• Actively negotiating with multiple other water handlers and offtake partners to expand production and sales.

Technology and cost advantages

• Proprietary ion exchange media and resin coatings are kept confidential, providing a multi-year head start.

• Production cost per ton of lithium carbonate estimated at $6,200, placing operations in the bottom third of the industry cost curve.

• Capital intensity is low, with $37 million required for the first 1,000-ton facility and rapid payback due to short deployment timelines.

• Process is de-risked by field-proven operations and direct sales to end-use customers, not just traders.

• Ability to meet diverse customer specifications for both battery and industrial-grade lithium carbonate.

Market opportunity and growth outlook

• Permian Basin alone offers potential for 185,000+ tons/year of lithium carbonate, with feedstock volumes expected to grow by 2030.

• First customer in ceramics sector signed for 600 tons/year under a multi-year contract with fixed pricing for two years.

• Multiple offtake agreements in negotiation, representing over 10,000 tons/year of demand.

• Expansion plans include additional facilities in Texas and a future dedicated site in North Dakota.

• Strategic focus on supplying defense and military-related customers to leverage government support.