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Vanadium Recovery Project - Permitting Procedure in Finland

Finnish legislation requires an Environmental Impact Assessment (EIA) to be completed as a prerequisite for obtaining the necessary permits for the Vanadium Recovery Project (VRP).

The permitting process began by submitting the EIA programme to the coordinating authority, the Southwest Finland Ely Centre on 6 April 2021. The programme phase was followed by submission of the EIA report to the coordinating authority who put it on public display between 29 September - 29 November, 2021. The EIA report is based on a broad range of assessments, engineering design, data from independent experts, and consultation with key stakeholders. The coordinating authority provided its reasoned conclusion on the EIA report on 27 January 2022. The authority┬┤s reasoned conclusion completed the EIA procedure.

The EIA report and coordinating authority┬┤s reasoned conclusion are considered in the permitting procedures.

In order to start operations, the VRP needs an environmental permit, a chemical permit and a building permit. Critical Metals submitted its environmental permit application to the Regional State Administrative Agency of Southern Finland on 30 November 2021. The authorities granted an environmental permit for the Vanadium Recovery Project on 8 September 2022. The date by which parties needed to lodge an appeal against the grant of the environmental permit was 17 October 2022. No appeals were lodged. The building permit application and chemical permit application will be lodged in due course.

The company continues to maintain active engagement with its stakeholders through the permitting process.