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Surge Battery Metals (TSXV: NILI) Chairman Graham Harris and lithium expert Iain Scarr join Howard Klein and Matt Fernley to break down the Nevada North pre-feasibility study. They discuss Nevada North’s grade, recovery, operating costs, second-mover advantage behind Thacker Pass, technical risks, project financing and what still needs to be proven before construction. Could Nevada North become the next major US lithium project? PFS Announcement: https://surgebatterymetals.com/news/surge-announces-positive-pre-feasibility-study-at-nevada-north-after-tax-npv8-of-us-9.81-billion-after-tax-irr-of-23.6-and-operating-cost-of-us-4-719-tonne-lithium-carbonate Follow Surge Battery Metals: LinkedIn (Graham Harris) - https://www.linkedin.com/in/graham-harris-bb904057/ LinkedIn (Iain Scarr) - https://www.linkedin.com/in/iain-scarr-3aa3721/ LinkedIn (Company) - https://www.linkedin.com/company/surge-battery-metals-inc/ X (Company) - https://x.com/SurgeBattery ___ Chapters (00:00) Nevada North PFS Sets The Stakes (04:11) Why Phase One CapEx Fell (05:18) US Lithium Demand Supports Scale (06:59) Recovery Gains Face Scale-Up Test (12:39) Sulphur Costs Show Limited Sensitivity (15:08) Solid-Liquid Separation Is Key Risk (16:16) High-Grade Clay Narrows Cost Gap (21:50) Thacker Pass Creates Second-Mover Advantage (23:19) Strategic Capital Opens Funding Path (24:56) Experienced Team Supports Execution Links Sign up for the Lithium-Ion Bull newsletter / Matt’s blogs: https://rkequity.com/ Questions: [email protected] Patreon: https://www.patreon.com/rockstockchannel Podcast   Apple Podcasts: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172 Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq Follow us on X (Twitter): Howard: https://x.com/LithiumIonBull Matt: https://x.com/matt_fernley Rodney: https://x.com/RodneyHooper13 Ben: https://x.com/benjihammond _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH. Howard, Matt, and Rodney are not financial advisors or broker-dealers. This video is provided for informational purposes only and should not be considered investment or financial advice. Please conduct your own independent research and read the disclaimer at the end of the video or on RK Equity’s website: https://www.rkequity.com Intro and outro audio credit: Jamie Klein

Epsilon Advanced Materials founder Vikram Handa discusses the economics of building a competitive battery materials supply chain outside China. We cover why LFP cathode manufacturing may be more of a CapEx game than an Opex game, the case for integrating US lithium refining with LFP production, and why hard carbon could become a key bottleneck for sodium-ion batteries. Follow Epsilon: LinkedIn (Vikram Handa) - https://www.linkedin.com/in/vikram-handa/ LinkedIn (Company) - https://www.linkedin.com/company/epsilonadvancedmaterials/ X/Twitter (Company) - https://x.com/EpsilonGraphite ___ Chapters (00:00) Epsilon’s Battery Materials Expansion (02:28) Why Epsilon Chose LFP (04:19) Scaling LFP Production In India (08:39) Matching Chinese LFP Performance (10:18) Gen Four LFP Without China (14:42) Customer Qualification And Demand (18:44) De-Risking The LFP Supply Chain (21:57) India’s Cost Advantage Explained (24:45) Integrating Lithium And Cathode Production (29:03) Where LFP Technology Hits Its Ceiling (32:02) Sodium-Ion Demand Drives Hard Carbon (35:50) Hard Carbon Scalability Is Critical (38:13) Can Battery Midstream Scale Outside China? Links Sign up for the Lithium-Ion Bull newsletter / Matt’s blogs: https://rkequity.com/ Questions: [email protected] Patreon: https://www.patreon.com/rockstockchannel Podcast   Apple Podcasts: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172 Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq Follow us on X (Twitter): Howard: https://x.com/LithiumIonBull Matt: https://x.com/matt_fernley Rodney: https://x.com/RodneyHooper13 Ben: https://x.com/benjihammond _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH. Howard, Matt, and Rodney are not financial advisors or broker-dealers. This video is provided for informational purposes only and should not be considered investment or financial advice. Please conduct your own independent research and read the disclaimer at the end of the video or on RK Equity’s website: https://www.rkequity.com Intro and outro audio credit: Jamie Klein

Lithium inventories are heading into a October-November restocking period. In this week's Rock Stock Recap, Howard Klein and Matt Fernley discuss what China's post-Golden Week demand could mean for lithium prices, inventories and a potential market tightening. Plus: copper market risks, AI-driven metals demand, rare earth M&A, and the latest developments across critical minerals and mining equities. Robert Friedland Denver Conference Presentation: https://americas.miningforum.com/keynote-webcast/248/ Robert Friedland Talk with Secretary Doug Burgum: https://x.com/robert_ivanhoe/status/2105343903591211499 Explore our Patreon Membership: https://www.patreon.com/cw/rockstockchannel/membership Our Socials: X (Howard) - https://x.com/LithiumIonBull X (Matt) - https://x.com/matt_fernley ___ Chapters (00:00) Copper Caution, Lithium Catalysts And Rare Earth M&A (05:52) Copper Deficit Story Faces Scrutiny (10:04) High-Grade Copper Developers Stand Out (12:20) Copper Demand Forecasts Face Skepticism (19:39) Power Metallic Resource Growth Potential (21:48) AI CapEx Could Reshape Mineral Demand (27:58) Power Bottlenecks Strengthen Battery Case (32:31) Higher Rates Test Mining Tailwinds (34:01) US-China Stability Meets Policy Volatility (37:53) Rare Earth M&A Targets Advanced Projects (43:31) Lithium Equities Trail Copper (45:00) October Lithium Demand Faces Inventory Test (49:20) Galan Lithium Funding Holds Firm (51:33) Argentina Brines Show Strong Economics Links Sign up for the Lithium-Ion Bull newsletter / Matt’s blogs: https://rkequity.com/ Questions: [email protected] Patreon: https://www.patreon.com/rockstockchannel Podcast   Apple Podcasts: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172 Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq Follow us on X (Twitter): Howard: https://x.com/LithiumIonBull Matt: https://x.com/matt_fernley Rodney: https://x.com/RodneyHooper13 Ben: https://x.com/benjihammond _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH. Howard, Matt, and Rodney are not financial advisors or broker-dealers. This video is provided for informational purposes only and should not be considered investment or financial advice. Please conduct your own independent research and read the disclaimer at the end of the video or on RK Equity’s website: https://www.rkequity.com Intro and outro audio credit: Jamie Klein

Galan Lithium (ASX: GLN) Managing Director JP Vargas and CFO Ross Dinsdale join Rock Stock Channel (Howard and Matt) to respond to the recent share price sell-off and outlines what has - and hasn’t - changed at Hombre Muerto West. Management discuss first lithium chloride sales, production ramp-up, winter weather impacts, low-cost economics, Phase 2 financing, funding flexibility, and the path toward cash flow. Follow Galan Lithium: LinkedIn (JP Vargas) - https://www.linkedin.com/in/juan-pablo-vargas-de-la-vega-2770b723/ LinkedIn (Ross Dinsdale) - https://www.linkedin.com/in/ross-dinsdale-cfa-19b1885b/ LinkedIn (Daniel Jimenez) - https://www.linkedin.com/in/daniel-jimenez-schuster-71b3b5117/ X/Twitter (Daniel Jimenez) - https://x.com/D_Jimenez_Sch X/Twitter (Company) - https://x.com/GalanLithium ___ Chapters (00:00) Galan Lithium Sell-Off (05:47) What Has Changed? (07:10) Production Timeline (08:35) Plant Performance (10:22) Winter Weather Impact (14:06) Lithium Price Economics (16:28) Production Expansion (17:43) Phase Two Financing (22:30) Upcoming Catalysts (23:32) Funding Position (25:04) Flexible Growth Strategy (28:15) Lithium Market Outlook Links Sign up for the Lithium-Ion Bull newsletter / Matt’s blogs: https://rkequity.com/ Questions: [email protected] Patreon: https://www.patreon.com/rockstockchannel Podcast   Apple Podcasts: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172 Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq Follow us on X (Twitter): Howard: https://x.com/LithiumIonBull Matt: https://x.com/matt_fernley Rodney: https://x.com/RodneyHooper13 Ben: https://x.com/benjihammond _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH. Howard, Matt, and Rodney are not financial advisors or broker-dealers. This video is provided for informational purposes only and should not be considered investment or financial advice. Please conduct your own independent research and read the disclaimer at the end of the video or on RK Equity’s website: https://www.rkequity.com Intro and outro audio credit: Jamie Klein

Lithium inventories have now declined for 30 consecutive weeks, EV demand is improving, and strategic interest in lithium assets is picking up. In this week’s Rock Stock Recap, Howard Klein and Matt Fernley discuss lithium market fundamentals, Global Lithium’s takeover bid, renewed financing activity, Q2 Metals and Sigma Lithium, plus why copper deficit forecasts may be overstating the long-term supply gap. The episode also covers SQM’s $3 billion Salar Futuro plan, rising mining costs, U.S. critical-minerals funding and the growing role of government capital in the sector. Plus: stay tuned for a First Phosphate (CSE | NASDAQ: PHOS) update covering the company’s latest financing activity. Explore our Patreon Membership: https://www.patreon.com/cw/rockstockchannel/membership The New York Times on TMC: https://www.nytimes.com/2026/09/23/climate/gerard-barron-metals-company-ocean-floor-mining.html Our Socials: X (Howard) - https://x.com/LithiumIonBull X (Matt) - https://x.com/matt_fernley ___ Chapters (00:00) Lithium Deals And Critical Minerals Capital (04:10) Q2 Metals Site Visit Highlights (07:11) Sigma Lithium’s Owner-Operator Journey (11:54) Global Lithium Takeout Tests Valuation (18:48) Lithium Financing Window Reopens (20:53) Weather And Diesel Raise Cost Risks (23:54) Higher Rates And AI Raise Costs (29:54) Copper Deficit Forecasts Face Scrutiny (32:46) Lithium Inventories Signal Stronger Demand (37:34) SQM Growth Faces Higher-Cost DLE (41:15) Government Capital Targets Critical Minerals (44:12) First Phosphate Update Links Sign up for the Lithium-Ion Bull newsletter / Matt’s blogs: https://rkequity.com/ Questions: [email protected] Patreon: https://www.patreon.com/rockstockchannel Podcast   Apple Podcasts: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172 Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq Follow us on X (Twitter): Howard: https://x.com/LithiumIonBull Matt: https://x.com/matt_fernley Rodney: https://x.com/RodneyHooper13 Ben: https://x.com/benjihammond _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH. Howard, Matt, and Rodney are not financial advisors or broker-dealers. This video is provided for informational purposes only and should not be considered investment or financial advice. Please conduct your own independent research and read the disclaimer at the end of the video or on RK Equity’s website: https://www.rkequity.com Intro and outro audio credit: Jamie Klein

Join Matt Fernley on site at Q2 Metals’ (TSXV: QTWO) Cisco Lithium Project in James Bay, Quebec, as he explores the deposit, infrastructure, drilling programme and development plans. He speaks with the Q2 Metals team about the upcoming PEA, resource conversion, metallurgy, permitting and what makes Cisco’s large spodumene-bearing pegmatite system stand out. Q2 Metals Corporate Presentation: https://q2metals.com/corporate-presentation-file Follow Q2 Metals: LinkedIn (Alicia Milne): https://www.linkedin.com/in/alicia-milne-145a7369/ LinkedIn (Jean-Francois Tremblay): https://www.linkedin.com/in/jean-francois-tremblay-75b1747/ LinkedIn (Kevin Vigouroux): https://www.linkedin.com/in/kevin-vigouroux/ LinkedIn (Geneviève Morinville): https://www.linkedin.com/in/genevi%C3%A8ve-morinville-ph-d-9933792/ X/Twitter (Company): https://x.com/Q2Metals ___ Chapters (00:00) Why Cisco Stands Out On Site (01:45) Exploration Upside Beyond Cisco (03:17) Why Cisco’s Mineralogy Matters (06:57) Cisco’s Scale And Geometry Stand Out (08:40) From Resource To Feasibility (11:35) The Discovery Outcrop Up Close (14:26) Why Drilling Beats Geophysics (17:13) Building The Permitting Pathway (20:33) Three Things That Stood Out Links Sign up for the Lithium-Ion Bull newsletter / Matt’s blogs: https://rkequity.com/ Questions: [email protected] Patreon: https://www.patreon.com/rockstockchannel Podcast   Apple Podcasts: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172 Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq Follow us on X (Twitter): Howard: https://x.com/LithiumIonBull Matt: https://x.com/matt_fernley Rodney: https://x.com/RodneyHooper13 Ben: https://x.com/benjihammond _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH. Howard, Matt, and Rodney are not financial advisors or broker-dealers. This video is provided for informational purposes only and should not be considered investment or financial advice. Please conduct your own independent research and read the disclaimer at the end of the video or on RK Equity’s website: https://www.rkequity.com Intro and outro audio credit: Jamie Klein

Amanda Van Dyke of the Critical Minerals Hub joins Howard Klein to discuss the growing critical minerals supply gap, why mine development is taking longer and becoming more expensive, and how seafloor mining could emerge as a major new source of nickel, cobalt, copper, and manganese. We also examine The Metals Company (NASDAQ: TMC), U.S. critical minerals policy, deep-sea mining economics, permitting, technical risks, and what investors should watch as the sector moves toward commercialisation. Follow Amanda van Dyke: Substack: https://substack.com/@amandavandyke LinkedIn: https://www.linkedin.com/in/amanda-van-dyke-528b1b35/ X/Twitter: https://x.com/AmandaVandyke13 Chapters (00:00) Seafloor Mining Becomes Investible (02:35) Mineral Demand Is Outrunning Supply (07:27) America Races China For Minerals (12:54) Mining Supply Cannot Scale Fast Enough (17:39) Mineral Footprints Are Underestimated (22:36) Why Seafloor Mining May Be Cleaner (27:01) Polymetallic Nodules Change Mining Economics (31:28) Seafloor Supply Could Disrupt Nickel And Cobalt (34:28) Seafloor Mining Becomes An Investment Category (36:12) TMC’s Permitting Path Opens (38:49) Continuous Production Is The Key Test (41:07) Japan And EEZs Could De-Risk Mining (43:45) TMC Could Trigger A Seafloor Stampede (45:24) New Mining Technologies Move Mainstream Links Sign up for the Lithium-Ion Bull newsletter / Matt’s blogs: https://rkequity.com/ Questions: [email protected] Patreon: https://www.patreon.com/rockstockchannel Podcast   Apple Podcasts: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172 Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq Follow us on X (Twitter): Howard: https://x.com/LithiumIonBull Matt: https://x.com/matt_fernley Rodney: https://x.com/RodneyHooper13 Ben: https://x.com/benjihammond _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH. Howard, Matt, and Rodney are not financial advisors or broker-dealers. This video is provided for informational purposes only and should not be considered investment or financial advice. Please conduct your own independent research and read the disclaimer at the end of the video or on RK Equity’s website: https://www.rkequity.com Intro and outro audio credit: Jamie Klein

Standard Lithium (NYSE: SLI) CEO David Park joins Howard Klein to discuss the Franklin Project PEA, Southwest Arkansas, and the growing potential of the Smackover Basin as a major U.S. lithium hub. We cover Franklin’s $5 billion after-tax NPV, project financing and the path to FID, plus the importance of Equinor, LG Energy Solution and Trafigura in de-risking Standard Lithium’s growth strategy. We also discuss direct lithium extraction, U.S. critical minerals policy and what investors may be missing in Standard Lithium’s valuation. Standard Lithium Deck: https://www.standardlithium.com/_resources/presentations/202609.pdf Follow Standard Lithium: LinkedIn (David Park) - https://www.linkedin.com/in/david-park-76484b1b/ LinkedIn (Andy Robinson) - https://www.linkedin.com/in/andy-robinson-3922a118/ X/Twitter (Company) - https://x.com/StandardLithium ___ Chapters (00:00) Standard Lithium’s Smackover Ambition (03:30) Washington Backs Domestic Lithium (04:59) Franklin PEA Shows World-Class Scale (09:49) Franklin Rewrites The Valuation Case (12:00) Market May Be Missing The Disruptor (14:51) Why The Equinor Partnership Matters (19:05) LG Offtake Validates US Supply (23:21) Trafigura Broadens The Offtake Strategy (27:52) Cheap Debt Protects Equity Upside (35:24) Lithium’s Role In Energy Dominance Links Sign up for the Lithium-Ion Bull newsletter / Matt’s blogs: https://rkequity.com/ Questions: [email protected] Patreon: https://www.patreon.com/rockstockchannel Podcast   Apple Podcasts: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172 Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq Follow us on X (Twitter): Howard: https://x.com/LithiumIonBull Matt: https://x.com/matt_fernley Rodney: https://x.com/RodneyHooper13 Ben: https://x.com/benjihammond _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH. Howard, Matt, and Rodney are not financial advisors or broker-dealers. This video is provided for informational purposes only and should not be considered investment or financial advice. Please conduct your own independent research and read the disclaimer at the end of the video or on RK Equity’s website: https://www.rkequity.com Intro and outro audio credit: Jamie Klein

Power Metallic (TSXV: PNPN) CEO Terry Lynch discusses the maiden Lion Zone mineral resource, market reaction, mine economics, exploration upside and the next phase of drilling at the Nisk Project. The conversation covers Lion’s copper and nickel potential, deeper drilling below the current resource, metallurgy, regional exploration targets, the path toward a PEA, and upcoming catalysts including further exploration results and a potential NASDAQ ADR. Investor Webinar: https://6ix.com/event/power-metallic-mineral-resource-estimate-presentation Corporate Presentation: https://www.powermetallic.com/corporate_presentation.pdf Follow: X/Twitter (Terry Lynch) - https://x.com/terrybali X/Twitter (Company) - https://x.com/PowerMetallic LinkedIn (Terry Lynch) - https://www.linkedin.com/in/terry-lynch-lion18/ LinkedIn (Company) - https://www.linkedin.com/company/power-metallic/ ___ Chapters (00:00) Maiden Resource Overview (01:54) MRE Market Reaction Explained (03:42) Lion Mine Potential (07:39) Copper And Nickel Upside (09:14) Metallurgy And Resource Growth (10:42) NISC Resource Strategy (11:23) Could Lion Be A Mine? (12:13) Regional Exploration Targets (13:37) New Drilling Technology (15:18) Upcoming Project Catalysts (17:48) NASDAQ Listing Plans Links Sign up for the Lithium-Ion Bull newsletter / Matt’s blogs: https://rkequity.com/ Questions: [email protected] Patreon: https://www.patreon.com/rockstockchannel Podcast   Apple Podcasts: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172 Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq Follow us on X (Twitter): Howard: https://x.com/LithiumIonBull Matt: https://x.com/matt_fernley Rodney: https://x.com/RodneyHooper13 Ben: https://x.com/benjihammond _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH. Howard, Matt, and Rodney are not financial advisors or broker-dealers. This video is provided for informational purposes only and should not be considered investment or financial advice. Please conduct your own independent research and read the disclaimer at the end of the video or on RK Equity’s website: https://www.rkequity.com Intro and outro audio credit: Jamie Klein

Sigma Lithium (NASDAQ: SGML | ASX: SAU) CEO Ana Cabral joins Howard Klein to discuss the company’s new ASX listing, the latest Brazilian court ruling, and what it could mean for operations and Phase Two expansion. They also cover production ramp-up, lithium prices, refinancing, and Sigma’s outlook as the company targets higher output. Follow Sigma Lithium: X (Company) - https://x.com/SigmaLithium LinkedIn (Company)  - https://www.linkedin.com/company/sigma-lithium-resources/ Chapters (00:00) Sigma Lithium Update (01:05) Why List In Australia (07:01) Production And Ramp-Up (09:47) Court Ruling Explained (13:56) Brazil Election Dynamics (18:46) Mining And Political Pressure (23:58) Community Impact Dispute (27:19) State Agreement Explained (30:20) Expansion And Legal Risk (31:44) Costs And Lithium Prices (34:29) Debt Refinancing Outlook (35:27) Mining Efficiency Gains Links Sign up for the Lithium-Ion Bull newsletter / Matt’s blogs: https://rkequity.com/ Questions: [email protected] Patreon: https://www.patreon.com/rockstockchannel Podcast   Apple Podcasts: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172 Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq Follow us on X (Twitter): Howard: https://x.com/LithiumIonBull Matt: https://x.com/matt_fernley Rodney: https://x.com/RodneyHooper13 Ben: https://x.com/benjihammond  _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH. Howard, Matt, and Rodney are not financial advisors or broker-dealers. This video is provided for informational purposes only and should not be considered investment or financial advice. Please conduct your own independent research and read the disclaimer at the end of the video or on RK Equity’s website: https://www.rkequity.com Intro and outro audio credit: Jamie Klein

Is the lithium sell-off overdone - and are China’s lithium inventories being misread? In this week’s Rock Stock Recap, Howard Klein and Matt Fernley break down lithium market sentiment, SMM inventory data, demand trends, Standard Lithium’s East Texas project, Core Lithium’s restart, Talon Metals’ latest discovery, and the political risks impacting Sigma Lithium and critical minerals investors. Including company updates: Surge Battery Metals (TSXV:NILI) on land access, water rights and upcoming PFS catalysts; and Anson Resources (ASX:ASN) on US$406M in Utah incentives, battery-grade testwork and DFS progress. Explore our Patreon Membership: https://www.patreon.com/cw/rockstockchannel/membership Our Socials: X (Howard) - https://x.com/LithiumIonBull X (Matt) - https://x.com/matt_fernley ___ Chapters (00:00:00) Weekly Recap (00:05:47) Oil And Politics Turn Markets Risk-Off (00:09:00) Talon Metals Delivers World-Class Hit (00:11:51) Standard Lithium’s East Texas Scale (00:17:59) Standard Lithium Looks Mispriced (00:21:19) Core Lithium Restart May Surprise (00:23:09) Lithium Inventory Scare Looks Overdone (00:25:41) Why Chinese Lithium Data Still Matters (00:34:27) Lithium Has Become A Commodity (00:49:01) Election Risk Hits Sigma Lithium (00:51:07) AI Bubble Adds Market Tail Risk (00:53:20) Surge Battery Metals Clears Key Water-Permitting Hurdle (00:59:16) Anson Resources Receives $406M In Tax Incentives Links Sign up for the Lithium-Ion Bull newsletter / Matt’s blogs: https://rkequity.com/ Questions: [email protected] Patreon: https://www.patreon.com/rockstockchannel Podcast   Apple Podcasts: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172 Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq Follow us on X (Twitter): Howard: https://x.com/LithiumIonBull Matt: https://x.com/matt_fernley Rodney: https://x.com/RodneyHooper13 Ben: https://x.com/benjihammond _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH. Howard, Matt, and Rodney are not financial advisors or broker-dealers. This video is provided for informational purposes only and should not be considered investment or financial advice. Please conduct your own independent research and read the disclaimer at the end of the video or on RK Equity’s website: https://www.rkequity.com Intro and outro audio credit: Jamie Klein

SMM analyst Lana Li joins Matt Fernley on Rock Stock Channel to discuss the outlook for China’s BESS and energy storage market, including battery pricing, lithium cost pass-through, project IRRs, policy changes and the shift from mandatory storage to market-based returns. We also cover China’s BESS slowdown, global demand growth, export pressures, inventory, sodium-ion batteries and SMM’s outlook for roughly 30% global BESS demand CAGR through 2030. Read Interview Transcript: https://link.rkequity.com/smm-transcript Follow Participants: X (SMM) - https://x.com/CnMetals X (Matt) - https://x.com/matt_fernley ___ Chapters (00:00) Introductions (02:27) China Resets BESS Pricing Discipline (07:01) China Shifts To Economics-Driven Storage (12:19) Lithium Surge Barely Reaches BESS Prices (15:23) Why China BESS Installations Slowed (20:22) Residential Inventories Mask Tight Cell Supply (23:03) SMM's BESS Forecasting Methodology (24:11) Global BESS Growth Diversifies Beyond China (26:01) Higher Costs Threaten BESS Growth Forecasts (27:51) Sodium-Ion Remains Too Expensive (30:18) Sustainable Returns Become The Real Constraint Links Sign up for the Lithium-Ion Bull newsletter / Matt’s blogs: https://rkequity.com/ Questions: [email protected] Patreon: https://www.patreon.com/rockstockchannel Podcast   Apple Podcasts: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172 Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq Follow us on X (Twitter): Howard: https://x.com/LithiumIonBull Matt: https://x.com/matt_fernley Rodney: https://x.com/RodneyHooper13 Ben: https://x.com/benjihammond _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH. Howard, Matt, and Rodney are not financial advisors or broker-dealers. This video is provided for informational purposes only and should not be considered investment or financial advice. Please conduct your own independent research and read the disclaimer at the end of the video or on RK Equity’s website: https://www.rkequity.com Intro and outro audio credit: Jamie Klein

Benchmark Mineral Intelligence’s Iola Hughes and Cameron Perks join Matt Fernley to discuss why the 2027 lithium market outlook has shifted from surplus to deficit. They break down Benchmark’s latest views on EV battery demand, rising pack sizes, BESS cell production, lithium supply risks and pricing - including why battery demand is growing far faster than EV unit sales, where excess cell inventory may be sitting, and what could change the 2027 balance. Follow Guests: X (Iola) - https://x.com/RhoMoIola X (Cameron) - https://x.com/DrCamPerksBMI X (Benchmark) - https://x.com/benchmarkmin LinkedIn (Iola) - https://www.linkedin.com/in/iolahughes/ LinkedIn (Cameron) - https://www.linkedin.com/in/cameronperks/ LinkedIn (Benchmark) - https://www.linkedin.com/company/benchmark-mineral-intelligence/ Website (Benchmark) - https://www.benchmarkminerals.com/ ___ Chapters (00:00) Lithium Outlook Flips To Deficit (02:10) Battery Storage Demand Surges (05:17) China Storage Growth Stalls (09:34) Battery Inventory Risk Builds (15:17) EV Growth Shifts Beyond China (19:47) Bigger Batteries Lift Demand (23:47) 2027 Lithium Deficit Emerges (26:08) Supply Risks Could Deepen Deficit (31:03) Raw Materials Remain Tight (33:11) China Supply Growth Looks Limited (35:06) Australia Leads New Supply (37:04) Lithium Prices Set To Rise (38:33) Cell Supply Growth Rate (39:20) Higher Prices Invite Substitution Links Sign up for the Lithium-Ion Bull newsletter / Matt’s blogs: https://rkequity.com/ Questions: [email protected] Patreon: https://www.patreon.com/rockstockchannel Podcast   Apple Podcasts: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172 Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq Follow us on X (Twitter): Howard: https://x.com/LithiumIonBull Matt: https://x.com/matt_fernley Rodney: https://x.com/RodneyHooper13 Ben: https://x.com/benjihammond _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH. Howard, Matt, and Rodney are not financial advisors or broker-dealers. This video is provided for informational purposes only and should not be considered investment or financial advice. Please conduct your own independent research and read the disclaimer at the end of the video or on RK Equity’s website: https://www.rkequity.com Intro and outro audio credit: Jamie Klein

Lithium equities continue to lag rising lithium prices, while copper trades near all-time highs and investors reassess where the real opportunities lie across critical minerals. In this week’s Rock Stock Recap, Howard Klein and Matt Fernley discuss undervalued Argentine lithium brines, Liontown’s move into Argentina, Standard Lithium’s LG Energy Solution offtake, Albemarle’s leadership shift, El Niño risks, high-grade copper projects, Codelco, copper supply forecasts, and why the market may still be underestimating lithium. Explore our Patreon Membership: https://www.patreon.com/cw/rockstockchannel/membership Our Socials: X (Howard) - https://x.com/LithiumIonBull X (Matt) - https://x.com/matt_fernley ___ Chapters (00:00) Lithium Equities Lag Commodity Prices (05:02) Argentine Brines Look Mispriced (06:32) Liontown Validates Argentine Brine Value (13:47) High-Grade Copper Juniors Stand Out (20:56) Copper Supply Risks May Be Overhyped (24:01) Codelco Raises Chile Lithium Risk (29:13) El Niño Could Tighten Brine Supply (34:34) Albemarle Shifts Toward Mining Discipline (40:00) Standard Lithium Offtake Unlocks Financing (44:43) Lithium Fundamentals Keep Tightening (46:06) Copper And Lithium Pricing Compared (51:06) Copper Supply Keeps Beating Forecasts (57:01) SLI on Bloomberg Links Sign up for the Lithium-Ion Bull newsletter / Matt’s blogs: https://rkequity.com/ Questions: [email protected] Patreon: https://www.patreon.com/rockstockchannel Podcast   Apple Podcasts: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172 Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq Follow us on X (Twitter): Howard: https://x.com/LithiumIonBull Matt: https://x.com/matt_fernley Rodney: https://x.com/RodneyHooper13 Ben: https://x.com/benjihammond _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH. Howard, Matt, and Rodney are not financial advisors or broker-dealers. This video is provided for informational purposes only and should not be considered investment or financial advice. Please conduct your own independent research and read the disclaimer at the end of the video or on RK Equity’s website: https://www.rkequity.com Intro and outro audio credit: Jamie Klein

Project Blue analysts Rob Burrell and Jordan Roberts join Rock Stock Channel (Matt and Ben) for a deep dive into the lithium and battery markets. The discussion covers lithium prices, China EV demand, energy storage growth, spodumene supply, sodium-ion batteries, commercial EVs, drones, robotics, Zimbabwe exports and India’s emerging battery industry. Follow: LinkedIn (Rob Burrell) - https://www.linkedin.com/in/robert-burrell-phd-196878196/ LinkedIn (Jordan Roberts) - https://www.linkedin.com/in/jordan-roberts-68b746114/ LinkedIn (Project Blue) - https://www.linkedin.com/company/theprojectblue/ Website (Project Blue) - https://projectblue.com/ ___ Chapters (00:00) Intro (04:07) Lithium Market Drivers (05:45) Supply Risks Ahead (07:29) China VAT Changes (11:55) China EV Demand (13:43) Energy Storage Growth (15:09) Sodium-Ion Outlook (16:55) Grid Connection Bottlenecks (19:15) Lithium Price Outlook (20:10) Lithium Market Balance (22:07) Concentrate Supply Risks (24:29) EVs vs. Storage (28:24) Commercial Vehicle Demand (31:31) Drones And Defence (34:54) Humanoid Robot Demand (37:56) Lithium Phosphate Growth (41:39) Zimbabwe Export Outlook (43:53) India Battery Market Links Sign up for the Lithium-Ion Bull newsletter / Matt’s blogs: https://rkequity.com/ Questions: [email protected] Patreon: https://www.patreon.com/rockstockchannel Podcast   Apple Podcasts: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172 Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq Follow us on X (Twitter): Howard: https://x.com/LithiumIonBull Matt: https://x.com/matt_fernley Rodney: https://x.com/RodneyHooper13 Ben: https://x.com/benjihammond _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH. Howard, Matt, and Rodney are not financial advisors or broker-dealers. This video is provided for informational purposes only and should not be considered investment or financial advice. Please conduct your own independent research and read the disclaimer at the end of the video or on RK Equity’s website: https://www.rkequity.com Intro and outro audio credit: Jamie Klein