AMG Lithium and Beijing Easpring Sign a Memorandum of Understanding to Jointly Strengthen the Battery Materials Value Chain in Europe

• Our cooperation focuses on the supply and offtake of lithium hydroxide monohydrate, a raw material to produce cathode active material for lithium-ion batteries
• The partnership marks another step towards a localized European supply chain

Amsterdam, 15 October 2025 (Regulated Information) --- AMG Critical Materials N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") subsidiary AMG Lithium GmbH (“AMG Lithium”) has signed a memorandum of understanding (“MoU”) with Beijing Easpring Material Technology Co., Ltd. (“EASPRING”, Shenzhen Stock Exchange: “EASPRING”) for the supply and offtake of battery-grade lithium hydroxide monohydrate.

AMG Lithium is the first European lithium refiner with a production facility in Bitterfeld-Wolfen, Germany. Easpring – a Chinese producer of cathode active material (CAM) – is currently constructing a CAM facility in Kotka, Finland.

AMG Lithium’s and Easpring’s investments in Europe underline the joint commitment to a localized battery supply chain. As a first step, both companies will collaborate closely to ensure a successful qualification of AMG Lithium’s plant while negotiating a binding offtake agreement.

“This partnership marks another step in building a strong and resilient European battery industry. We further focus on promoting the use of recycled feedstock and the improvement of the carbon footprint throughout the value chain,” says Dr. Stefan Scherer, CEO of AMG Lithium. “We are honored to jointly work with an established player like Easpring on this journey.”

“It is expected that the cooperation between the two sides can promote the development of the new energy industry in Europe,” says Mr. Li Chengwei, Purchasing Center Director of Easpring.

This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

This press release contains regulated information as defined in the Dutch Financial Markets Supervision Act (Wet op het financieel toezicht).

About AMG

AMG’s mission is to provide critical materials and related process technologies to advance a less carbon-intensive world. To this end, AMG is focused on the production and development of energy storage materials such as lithium, vanadium, and tantalum. In addition, AMG’s products include highly engineered systems to reduce CO₂ in aerospace engines, as well as critical materials addressing CO₂ reduction in a variety of other end use markets.

AMG’s Lithium segment spans the lithium value chain, reducing the CO₂ footprint of both suppliers and customers. AMG’s Vanadium segment is the world’s market leader in recycling vanadium from oil refining residues, spanning the Company’s vanadium, titanium, and chrome businesses. AMG’s Technologies segment is the established world market leader in advanced metallurgy and provides equipment engineering to the aerospace engine sector globally. It serves as the engineering home for the Company’s fast-growing LIVA batteries, NewMOX SAS formed to span the nuclear fuel market, and spans AMG’s mineral processing operations in graphite, antimony, and silicon metal.

With approximately 3,600 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, the United States, China, Mexico, Brazil, India, and Sri Lanka, and has sales and customer service offices in Japan (www.amg-nv.com).

About Easpring

Beijing Easpring Material Technology Co. Ltd (stock code: 300073) is a listed company under Mining and Metallurgy Technology Group Co., Ltd. It was listed on the Growth Enterprise Market of Shenzhen Stock Exchange in April 2010. Easpring is mainly engaged in lithium battery cathode material business and intelligent equipment business.

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Disclaimer

Certain statements in this press release are not historical facts and are “forward looking.” Forward looking statements include statements concerning AMG’s plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans and intentions relating to acquisitions, AMG’s competitive strengths and weaknesses, plans or goals relating to forecasted production, reserves, financial position and future operations and development, AMG’s business strategy and the trends AMG anticipates in the industries and the political and legal environment in which it operates and other information that is not historical information. When used in this press release, the words “expects,” “believes,” “anticipates,” “plans,” “may,” “will,” “should,” and similar expressions, and the negatives thereof, are intended to identify forward looking statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward-looking statements will not be achieved. These forward-looking statements speak only as of the date of this press release. AMG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in AMG’s expectations with regard thereto or any change in events, conditions, or circumstances on which any forward-looking statement is based.

Attachment

• AMG Lithium Announcement Easpring

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