EXIM potential Financing of ATALCO Gramercy Expansion and Gallium project

We are pleased to extend this Letter of Interest in support of the proposed capital funding plan by Atalco Gramercy LLC (“Atalco”) for the Atalco Gramercy Expansion and Gallium project (the “Project”) located in Gramercy, Louisiana and Discovery Bay, Jamaica.

Based on the preliminary information submitted regarding expected U.S. exports and U.S. jobs supported by the Project, EXIM may be able to consider potential financing of up to $450 million in costs associated with the Project, with a repayment tenor of up to 15 years under EXIM’s Make More in America initiative (“MMIA”). For more information about this initiative, please refer to EXIM’s website.

Please note that EXIM’s ability to consider moving forward with this transaction will be dependent on several factors including, but not limited to, the following: 1) raising capital in an amount satisfactory to EXIM Bank, and 2) a well-structured and viable turnaround plan that indicates a clear pathway to profitability and the Project’s ability to service its debt obligations, including the EXIM financing for the Project.

Please note that the Project may be eligible for special consideration under Section 402 of EXIM’s 2019 reauthorization (P.L. 116-94), which directs EXIM to take steps to mitigate the competitive impact of export support provided by the People’s Republic of China and other covered countries for opportunities such as this one and/or to advance the comparative leadership of the United States in the Transformational Export Areas. We encourage you to learn more about EXIM's China and Transformational Exports Program (“CTEP”) on EXIM’s website.

July 3, 2025