Mr. Matthieu Bos reports

FALCON ENERGY MATERIALS PLC OPENS ITS PILOT PLANT IN MOROCCO

Falcon Energy Materials PLC has opened its pilot plant near Casablanca, Morocco, a significant operational milestone in Falcon's development of large-scale production of high-purity coated spheronized purified graphite (CSPG) for the global battery industry.

Following the relocation of the fully assembled and precommissioned process line, the pilot plant has been installed in Morocco. The pilot plant will produce qualification-scale CSPG samples for potential customers and generate operating data, work force training and process design criteria required to advance Falcon's proposed 25,000-tonne-per-annum commercial-scale anode facility.

Highlights:

• Pilot plant officially opened near Casablanca, Morocco, representing the first natural graphite CSPG pilot facility in Morocco;
• Commissioning of the process line is under way following successful relocation and installation of the full process line;
• Qualification-scale CSPG samples will be produced on site in the summer of 2026 for potential customers, supporting the sample qualification programs previously announced;
• The pilot plant will generate operating and process design data and support work force training for the proposed commercial-scale 25,000-tonne-per-annum anode plant.

A critical scale-up toward commercial production

The pilot plant represents a significant scale-up from laboratory and bench-scale testing and is an important step in supporting customer qualification programs and advancing the development of the proposed commercial-scale anode plant. Operating the facility provides Falcon with the opportunity to optimize key aspects of the CSPG production process and establish detailed process design criteria that are expected to support the engineering of the anode plant and future commercial discussions with prospective customers.

Beyond producing qualification material, the pilot plant provides an important training platform for plant operators in preparation for commercial production. The training programs and operating procedures being implemented at the pilot plant are expected to be transferable to the anode plant and may support a more efficient ramp-up of future operations.

CSPG samples for potential customers

With the pilot plant now operational in Morocco, Falcon is preparing qualification-scale CSPG samples from premium natural graphite feedstock sourced from Africa for evaluation by potential customers, including original equipment manufacturers (OEMs) and battery producers. The facility enables the company to produce material tailored to customer specifications and support the large-scale qualification programs already initiated by prospective customers.

Falcon remains confident in the global availability of premium graphite feedstock and continues to test several alternative high-quality sources to ensure a scalable, reliable supply for its growing operations.

"The opening of our pilot plant in Morocco is a defining milestone for Falcon. It marks our transition from planning and procurement to operational execution and advances our goal of building a competitive battery anode supply chain outside of China," stated Matthieu Bos, president and chief executive officer of Falcon. "This facility allows us to produce qualification-scale CSPG samples for potential customers while generating the operating knowledge, work force experience and process data that will derisk and accelerate the development of our commercial anode plant," Mr. Bos added.

About Falcon Energy Materials PLC

Falcon Energy Materials is aiming to be the premier provider of natural coated spheronized purified graphite, a critical component for energy storage solutions. As a dedicated chemical refiner of natural graphite concentrate, Falcon is working diligently toward the development of a state-of-the-art 25,000-tonne-per-annum CSPG production facility in Morocco.

Strategically partnered with leading technology firms and Tier 1 Moroccan partners, Falcon benefits from advanced technological expertise, access to high-quality raw materials and chemicals, and a prime geographical location -- factors that will enable it to deliver consistent, high-quality supply to global markets.

With a clear focus on sustainable growth and innovation, Falcon aims to become the go-to producer of natural CSPG, supporting widespread adoption in energy storage and other emerging industries.

We seek Safe Harbor.