ANNUAL REPORT TO SHAREHOLDERS (2023)

As the world continues its transition from traditional fossil fuel-based energy sources to electricity as the primary power source, the electrification of the economy is providing a “once in a generation” opportunity to meet the growing demand for the raw materials that support this transition.

The electrification of the economy is driven by several factors, including concerns about climate change, the need to reduce greenhouse gas emissions, and advancements in renewable energy technologies. However, it’s important to note that the successful electrification of the economy depends on a range of factors, including the availability of affordable renewable energy, advancements in battery storage technology, expansion of charging infrastructure for EVs, and supportive policies and incentives from governments and stakeholders.

Our vision at iTech Minerals is to revolutionise the electric vehicle, renewable energy generation and energy storage industries by becoming a low-cost, long term and reliable supplier of cutting-edge battery anode materials and magnet REEs used in high efficiency electric motors. Our goal is to create a sustainable future, where renewable energy is readily available and widely used, and where the limitations of traditional energy storage solutions are a thing of the past. We are committed to delivering high-quality, reliable, and affordable anode materials and REE products that will help power the world towards a brighter future.