NIKOLA Corporation US6541101050 Nachfolge Thread V

We are pleased to announce that the Company has entered into a Memorandum of Understanding with Nikola Corporation (Nasdaq: NKLA) to purchase Nikola Tre battery-electric vehicles (BEVs).


ASX Announcement 16 March 2022

ARIZONA LITHIUM TO PROGRESS TOWARDS ZERO CO2
LITHIUM PRODUCTION AT BIG SANDY
Arizona Lithium Limited (ASX:AZL) (“Arizona Lithium”, “AZL” or the “Company”), a company
focused on the sustainable development of lithium resources in Arizona, is currently pursuing a
Permit of Exploration (“POE”) for its Big Sandy Lithium Project (“Big Sandy”). The Big Sandy
Project is a shallow, flat lying mineralised sedimentary lithium resource with an excellent
available infrastructure that has the potential to be developed with a low environmental
footprint.
As part of the project, AZL has entered into a Memorandum of Understanding (“MOU”) with
Nikola Corporation (Nasdaq: NKLA) to purchase Nikola Tre battery-electric vehicles (BEVs).
The Tre BEVs will be utilized to support two stages of development for the Big Sandy Lithium
Project in Arizona — the Research Facility Phase and the Processing Facility Phase. During the
Research Facility Phase, which will be a test run for the Processing Facility Phase, one Nikola
Tre BEV will be placed into operation as both parties explore further opportunities for a
potential joint collaboration.
Once the Processing Facility is operational, AZL anticipates that it may need to acquire up to
50 Nikola Tre BEVs, although this is not certain and is dependent on various factors, which could
move up to two million tons of ore per year based on the volume of the truck. AZL then has
the option to purchase up to 100 trucks depending on Big Sandy output.

LIVONIA, Mich. & PHOENIX – March 23, 2022 – Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”), a leading provider of construction and material handling equipment, today announced that it has been awarded the Arizona sales and service territory for Nikola Corporation (NASDAQ: NKLA) (“Nikola”), a global leader in zero-emissions transportation and energy infrastructure solutions.

This agreement further expands Alta’s dealer territory with Nikola beyond the NY, NJ, eastern PA and New England markets, as announced in August of 2021, and will replace Empire Transport in Arizona.

With over 37 years of experience, Alta is well-established in the midwest and the northeast with over 60 dealership locations supporting other OEMs. With a proven track record of successful growth, Alta has a clear vision for the potential of the Nikola products (i.e., battery-electric and hydrogen fuel cell electric vehicles, mobile charging trailers, hydrogen fueling infrastructure, etc.), to grow their eMobility vertical by fulfilling its commitment to clean technologies.

“We are excited to be granted this new territory as it gives us the opportunity to deepen our relationship with Nikola, especially given their headquarters and US manufacturing facility is in Arizona,” said Ryan Greenawalt, Chief Executive Officer of Alta. “It is also significant because we believe Arizona is a market prime for electric vehicle growth.”

The first Nikola product Alta will sell is the Tre battery-electric vehicle (BEV). With an expected range of up to 350 miles, the Tre BEV has a cabover design ideal for metro-regional applications because of improved visibility and maneuverability.