Gelion has signed a Joint Development Agreement (JDA) with Glencore International AG (Glencore),one of the world's globally diversified resource companies. This JDA aims toaccelerate the commercialisation of Gelion's next generation battery technologies by leveraging Glencore's expertise in battery materials and recycling alongside Gelion's IP and battery technology innovation expertise. Objectives: Coordinate together assess the suitability of Gelion's battery technologies for Glencore's use in its stationary and /or mobile applications.

Following this coordination initiate a pilot testing programme to validate opportunity identified. Conduct a review of the supply chain input materials necessary for manufacturing Gelion's battery technologies identifying synergies for Glencore's strategic supply of materials to Gelion. Explore synergies regarding future recycling of batteries.

There is also scope within the JDA to consider possible future commercial arrangements, which may include: Gelion supply of batteries to Glencore with preferential terms. Glencore or its affiliates supply of battery input materials to Gelion. Cooperation between the parties with respect to battery recycling.