Battery and advanced materials company Talga Group Ltd ('Talga' or 'the Company') is pleased to advise it has extended the Memorandum of Understanding ('MoU') with Mitsui & Co. Europe Plc, a subsidiary of Mitsui & Co., Ltd., one of the largest global trading and investment companies based in Japan.

The extension of the MOU to 31 August 2022 builds on discussions to date under the MoU agreement executed between the parties in 2020 (ASX: TLG 20 March 2020).

The extended MoU between Talga and Mitsui continues the intent to advance potential co-development of Talga's Vittangi Anode Project in Sweden through Joint Venture, and is expanded to include marketing, sales and partnership opportunities across Talga's portfolio of lithium-ion battery products.

Talga Managing Director, Mark Thompson, commented: 'Talga is very pleased to continue and expand our relationship with Mitsui as a trusted strong global partner in our goal of sustainable battery material technology and products. Since starting to work together much has been achieved, and as demand for battery materials such as Talga's has grown it is timely to expand our co-operation to also explore new opportunities and developments.'

Mitsui, at their discretion, will have the non-exclusive right to negotiate and enter into relevant binding agreements prior to the MoU expiry date on 31 August 2022. Should binding agreements be entered into the Company will release details in accordance with its disclosure obligations at that time. Further details of the MoU can be found in Talga's ASX release dated 20 March 2020.

Contact:

Mark Thompson

Tel: +61 (0) 8 9481 6667

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