ERAMET: directors' dealings · France · AMF

About ERAMET

Eramet is a French listed mining and metals group headquartered in France, focused on the extraction, processing and upgrading of strategic metals. Rooted in a long industrial heritage that dates back to France’s historical mining and metallurgy base, the company has evolved into a global supplier of materials used in steelmaking and in the energy transition. Today, Eramet’s core portfolio is centered on manganese, nickel and lithium, with additional exposure to mineral sands. Manganese is one of Eramet’s flagship businesses. Through Comilog in Gabon, the Group operates the world’s largest manganese mine and is expanding capacity through the development of the Okouma deposit. In Norway, Eramet Norway is a global leader in refined manganese alloys, supplying products used in steel production. Its three plants run exclusively on renewable power and are largely supplied with ore from Eramet’s Gabonese mines, highlighting the Group’s integrated industrial footprint from ore extraction to higher-value alloys. Nickel remains another long-standing activity, particularly in New Caledonia through SLN and related mining assets. Eramet also has exposure to Indonesia through Weda Bay Nickel, a major project serving stainless steel and critical metals markets. Like many mining groups, Eramet is sensitive to commodity price cycles, local operating conditions and regulatory frameworks, which makes the nickel segment both strategically important and operationally volatile. Lithium is the Group’s most important growth platform. In Argentina, Eramet commissioned a lithium carbonate plant at the end of 2024 with a full-capacity target of 24,000 tonnes per year, and reported first-year 2025 production of 6.7 kt-LCE during ramp-up. The company is also pursuing the Ageli project in France, aiming to extract lithium from geothermal brines in the Upper Rhine area. This positions Eramet directly within the fast-growing battery materials chain serving electric vehicles and energy storage. Beyond battery metals, Eramet operates mineral sands assets in Senegal through Eramet Grande Côte. The site is notable for its responsible mining practices, including advanced water management, site rehabilitation and community engagement, and achieved IRMA 50 performance level in February 2026, described by the company as a world first for a mineral sands operation. The Group’s geographic footprint spans Africa, Europe, South America, Asia and North America, giving it broad diversification but also exposure to geopolitical, environmental and currency risks. Strategically, Eramet presents itself as a more financially resilient mining and metals company, with world-class assets and a clearer focus on metals tied to decarbonization and electrification. Its latest investor communications underscore a transformation toward more disciplined capital allocation, operational resilience and responsible mining practices.