PRESS RELEASE

5N Plus renews $124M syndicated credit facility

All amounts are expressed in US dollars.

Montreal, Quebec, June 16, 2022 – 5N Plus Inc. (“5N Plus” or the “Company”) (TSX: VNP), a leading global producer of specialty semiconductors and high-performance materials, today announces the renewal of its multi-currency credit facility $124 million senior guarantee. Subject to the lenders’ approval, 5N Plus could increase the credit facility to $154 million under an accordion clause providing for an additional $30 million.

• At the end of 2021, with the support of our senior lenders, we completed the acquisition of the German company AZUR SPACE GmbH, which substantially strengthened our specialty semiconductor value chain and our competitiveness in a critical sector, thereby expanding our potential market. Today, 5N Plus is a growing and resilient company with the majority of revenue coming from value-added products and promising end markets. We are pleased to have the continued support of leading financial institutions to fund our business and growth initiatives as we continue our growth trajectory,” said Mr. Perron, Chief Financial Officer of 5N Plus. .

The new credit facility has a term of four years, bearing interest and a margin based on the ratio of consolidated senior debt to EBITDA1 of the society. HSBC Bank Canada is acting as lead arranger, registrar and administrative agent for the syndicate of lenders comprised of five lenders.

Caution Regarding Forward-Looking Statements

Certain statements included in this press release may be forward-looking within the meaning of applicable securities laws. These forward-looking statements are based on the best estimates available to the Company to date and involve a number of known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. A description of the risks that affect the business and activities of the Company is presented

• the “Risks and Uncertainties” section of 5N Plus’s Annual MD&A dated February 22, 2022, Quarterly MD&A dated May 4, 2022 and Note 11 to the unaudited condensed interim consolidated financial statements for the quarters ended March 31, 2022 and 2021, which can be consulted on the SEDAR website
• the address www.sedar.com.

1 See “Non-IFRS Measures” section.

2

Generally, forward-looking statements are distinguished by the use of the future tense and the conditional tense and by the use of terms such as “believe” or “expect”, in positive and negative form, variations of these terms or similar terms. There can be no assurance that the events anticipated in the forward-looking information in this press release will occur, or if they do occur, what benefits 5N Plus may derive therefrom. In particular, there is no guarantee of the future financial performance of 5N Plus. The forward-looking information contained in this press release speaks as of the date hereof, and the Company undertakes no obligation to publicly update this forward-looking information to take into account new information, subsequently obtained or otherwise, at unless required to do so under applicable securities laws. Readers are cautioned not to place undue reliance on these forward-looking statements.

About 5N Plus Inc.

5N Plus is a world leader in the production of specialty semiconductors and high performance materials. These ultra-pure materials are often the critical part of the products of its customers, who rely on the reliability of supply from 5N Plus to ensure the performance and durability of their own products. 5N Plus deploys an array of proprietary and proven technologies to develop and manufacture its specialty products, which find wide application in several cutting-edge industries, including renewable energy, security, space industry, pharmaceuticals, medical imaging and industrial production. 5N Plus, whose head office is located in Montreal (Quebec, Canada), manages research and development, production and sales centers strategically located in several countries, particularly in Europe, North America and Asia.

Non-IFRS Measures

EBITDA is net earnings before interest expense, income taxes and amortization. We use EBITDA because we believe it is a meaningful measure of operating performance from continuing operations before taking into account the impact of certain charges. The Company’s definition of this non-IFRS measure may differ from that used by other companies.

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To contact us:

Richard Perron

Chief Financial Officer 5N Plus Inc.

514-856-0644invest@5nplus.com