• Talga applies for 1.1 billion SEK (~A$180 million) 'Industrial Leap' grant from Swedish Energy Agency
• Grant to complement existing €70 million (~A$120 million) EU Innovation Fund grant and €150 million (~A$260 million) EIB loan
• Funding to enable initial 5,000 tpa commercial anode production facility in Luleå, Sweden

Talga Group Ltd has applied for a 1.1 billion SEK (~A$180 million) grant under the Swedish Energy Agency's Industrial Leap ('Industriklivet 2') program, as part of a 3.1 billion SEK (~A$500 million) project to construct a 5,000 tonnes per annum (tpa) anode production facility at the Company's fully permitted site in Luleå, Sweden. This 'Industrial Leap' grant, if approved, would complement Talga's established funding sources, including a €150 million (~A$260 million) loan from the European Investment Bank (EIB) and a €70 million (~A$120 million) grant from the EU Innovation Fund. This combined funding stack positions Talga with a substantial amount of the capital required for the initial 5,000 tpa commercial-scale anode production line, including associated plant and infrastructure for the larger Luleå anode plant. Talga has also reached key milestones in its customer validation and sales pipeline, with expressions of interest now covering more than 80% of the initial 5,000 tpa capacity. The Company's modular design strategy enables a phased ramp-up following the 5,000 tpa line, with plans to scale up to a total anode production capacity of 24,500 tpa.

The 1.1 billion SEK (~A$180 million) 'Industrial Leap' grant, if approved, would provide funding required for an initial commercial 5,000 tpa anode production facility in Luleå, Sweden.

Talga aims to ramp up its anode production capacity to 24,500 tpa through a phased approach, following the initial 5,000 tpa commercial-scale facility. This staged commercialisation strategy is expected to minimize upfront equity requirements and overall capital intensity, while mitigating execution risks on the path to full-scale development.