IMPORTANT DISCLOSURES
Not a solicitation
This website is issued by the Concerned Shareholders, who requisitioned the Meeting on 3 November 2026. Although the Concerned Shareholders have requisitioned the Meeting, no meeting has yet been called. This website is not, and is not intended to be, a solicitation of proxies within the meaning of applicable securities and corporate laws, and the Concerned Shareholders are not seeking appointment as proxyholder or proxies, and will not accept, such appointment or proxies at this time. The Concerned Shareholders are also not asking shareholders, through this website, to enter into any voting agreement or voting commitment. The Concerned Shareholders will comply with the requirements that apply to any solicitation they may undertake in the future.
Allegations not proven
The claims advanced in Emerita’s Statement of Claim, and the allegations made in the enforcement proceeding commenced by the Ontario Securities Commission, are allegations only and have not been proven. Each individual and entity named as a defendant or respondent is entitled to the presumption of innocence and to defend the allegations against them on the merits. Lithium Ionic says it is the rightful owner of the Bandeira project.
No allegation against third parties
Apart from the defendants to Emerita’s claim, nothing on this website alleges wrongdoing by any person named or described in it.
Statements of opinion
Statements about the significance of events, the strength of Emerita’s position over time, and the independence and suitability of directors are the opinions of the Concerned Shareholders, held in good faith.
Information from public sources
Information about Emerita, Lithium Ionic and the nominees comes from public filings, court records, news releases and other public sources and, for the nominees, from the nominees themselves. Although the Concerned Shareholders have no knowledge that would indicate that any statements contained herein taken from or based upon such documents or records or other public sources are untrue or incomplete, the Concerned Shareholders have not independently verified such information, do not make any representation or assurance as to the accuracy or completeness of the information, or the appropriateness of the information for any particular analytical purpose, and does not assume and expressly disclaims any responsibility or liability in relation to such information taken from or based upon such documents, records and other public sources, or for any failure by such persons to disclose publicly events or facts that may have occurred or that may affect the significance or accuracy of any such information, but which are unknown to the Concerned Shareholders.
Currency
“C$” means Canadian dollars. Figures reported in US dollars have been converted at the Bank of Canada rate for 23 October 2026 of US$1.00 = C$1.3993. The originals are: Bandeira’s feasibility study value, US$1.45 billion; its Chief Executive’s estimate, US$2 billion; and the Nebari facility, US$50 million, of which US$44 million is undrawn.
Forward-looking information
This website contains forward-looking information, including statements about the calling, timing, conduct and outcome of the Meeting and the Board’s response; proposed director changes, governance and litigation oversight measures and management continuity; the protection and potential recovery of the Falcon Project and the value and benefits of any recovery; Lithium Ionic’s permitting, development and financing plans and timetable; Emerita’s financing alternatives, potential share issuances and their effect on voting; and the Concerned Shareholders’ intentions regarding the requisition and court and regulatory proceedings. This information reflects the Concerned Shareholders’ current views and information available to them. Material factors and assumptions include that the Meeting can proceed in accordance with applicable law; that the proposed director changes receive the requisite shareholder support and necessary court, regulatory or shareholder approvals can be obtained; that effective protective measures and remedies are available and enforceable in Ontario and Brazil; that conditions to further advances under Emerita’s existing financing can be satisfied; and, for project value, permitting, development and financing expectations, that the underlying assumptions concerning commodity prices, exchange rates, development costs and schedules, permits and financing remain applicable. Any anticipated recovery and benefits depend on establishing Emerita’s entitlement to the Falcon Project and obtaining enforceable relief. Actual results may differ materially because of risks and uncertainties, including decisions of the Board, other shareholders, courts and regulators; delays in or challenges to the Meeting and the outcome of the proposed resolutions; the timing, costs and outcome of the Falcon litigation and related proceedings; the unavailability or unenforceability of protective measures or remedies; the possibility that proposed governance and litigation measures will not be implemented; changes in commodity prices, exchange rates, project costs, permitting, development and financing plans; and the availability and terms of Emerita’s financing and any share issuances and their effect on voting. Readers should not place undue reliance on this information. There is no assurance that the Meeting, proposed measures or other anticipated outcomes will occur, that the Falcon Project will be recovered or that any particular litigation, settlement or transaction outcome will be achieved. The proposed governance and litigation measures are objectives of the Concerned Shareholders, not binding commitments by the Concerned Shareholders or the nominees, who, if elected, will exercise independent judgment and owe fiduciary duties to Emerita. Quoted project values are not estimates of proceeds that Emerita or its shareholders would realize from any recovery, settlement or transaction. Unless otherwise indicated, forward-looking information is made as of 3 November 2026; statements attributed to third parties speak as of the dates attributed to them. The Concerned Shareholders do not undertake any obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.
Not an offer or advice
This website is not an offer to buy or sell securities or a solicitation of an offer to buy or sell any securities,, and is not investment, legal, financial or tax advice.