Glencore and Gelion JDA Announcement

UPON PUBLICATION OF THIS ANNOUNCEMENT THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC.

Gelion plc

("Gelion" or the "Company" or the "Group")

Glencore and Gelion Joint Development Agreement Announcement

Gelion (AIM: GELN), the Anglo-Australian battery innovator, has signed a Joint Development Agreement ("JDA") with Glencore International AG ("Glencore"), one of the world's largest globally diversified resource companies. This JDA aims to accelerate the commercialisation of Gelion's next generation battery technologies by leveraging Glencore's expertise in battery materials and recycling alongside Gelion's IP and battery technology innovation expertise.

Objectives:

• Coordinate together assess the suitability of Gelion's battery technologies for Glencore's use in its stationary and / or mobile applications.
• Following this coordination initiate a pilot testing programme to validate opportunity identified.
• Conduct a review of the supply chain input materials necessary for manufacturing Gelion's battery technologies identifying synergies for Glencore's strategic supply of materials to Gelion.
• Explore synergies regarding future recycling of batteries.

There is also scope within the JDA to consider possible future commercial arrangements, which may include:

• Gelion supply of batteries to Glencore with preferential terms.
• Glencore or its affiliates supply of battery input materials to Gelion.
• Cooperation between the parties with respect to battery recycling.

Commenting on the Announcement, John Wood, Gelion CEO said: "We are delighted to sign a JDA alongside global industry leader Glencore. This JDA provides opportunity to assess alongside Glencore the scope of opportunity to potentially introduce Gelion's next-generation battery technologies to the global mining sector.

The objective is to combine the strength of Glencore's operational application knowledge and raw materials supply with Gelion's next-generation battery technology innovation understanding to investigate the match of performance to mining applications. We are also excited to explore any potential synergies with Glencore in the field of lithium-ion battery recycling by leveraging the IP recycling patent portfolio Gelion acquired from Johnson Matthey in 2023".

Corporate Finance Neil McDonald Seamus Fricker Fergus Sullivan ECM Leif Powis

Lithium Sulfur

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