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Extensive Participation in VALE Projects Across Regions Resulting from a Corporate Contract Signed 12 Years Ago We have launched a new project with VALE at the Itabira Complex, the second oldest iron ore production center of the mining company, which has been operational since 1957. With this addition, we now have more than ten projects with VALE in the Iron Quadrangle region of Minas Gerais. HMSWeb© (Handover Management System) will be implemented to replace the ER-7001, ER7004 Reclaimers, and EM-6701 Forklift at the Conceição Mine, part of this mining complex “We have previously conducted other projects with VALE to replace equipment, aimed at increasing stacking and recovery capacity, achieving efficient and automated management of material piles, enhancing active storage, and improving homogenization capacity,” notes Luciano Gaete, CEO of HMSWeb and IT Director for Forship Group. All projects with VALE, under the corporate contract in effect since 2011, include licensing of HMSWeb©, as well as services related to implementation, configuration, training, and support. “The new projects are governed by service orders under the corporate contract, with an estimated number of licensing months. There is no need for a contractual amendment to extend the use of our solution for these projects. The customer simply indicates the extension duration, according to the needs of each project,” adds the executive.

This is what we are ‘building’ with the PGDL (Leadership Development Program The value of our human capital is immeasurable, which is why we created the PGDL (Leadership Development Program) to enhance skills in management, communication, problem-solving, and decision-making. Through this initiative, the Forship Group aims to improve operational efficiency, reinforce Forship’s culture, strengthen organizational leadership skills, boost team motivation, keep leaders updated with the latest concepts and best practices, and foster a healthy and trustworthy work environment Developed between late 2022 and early 2023, the PGDL has been progressing, as explained by Clarice Diniz, HR Coordinator for Forship Group. “Internally, we revisited our skills, assessed our needs, and developed the ‘Forship Way of Leading,’ the first phase of the PGDL. It was structured around two main axes: ‘Looking at Yourself’ and ‘Leading People,’ and was implemented through in-person sessions in Santos (SP), Rio de Janeiro (RJ), and Aracaju (SE),” she notes. Externally, we partnered with IAG – PUC-Rio Business School to conduct a fully online PGDL, focusing on the concept of Ambidextrous Leadership. “This program included 12 workshops and 3 rollout meetings, where we addressed real Forship issues in group settings. We will conclude the PGDL with a Sprint, from which we expect to emerge with actionable solutions. In 2024, we will conduct follow-up meetings to track the progress of the action plans developed by leaders to further their leadership skills,” adds Anita Figueiredo, HR Manager for Forship Group. She emphasizes that the “Forship Way of Leading” achieved a Net Promoter Score (NPS) of 93.* *What is NPS: The Net Promoter Score (NPS) is a customer satisfaction metric used to measure the likelihood of customers recommending a company’s products or services.

Our Expertise Will Be Applied to the Araguaia Nickel Project, Horizonte Minerals’ Largest Greenfield Investment in Brazil The excellence of Solution 4.0 has been established through our partner Pöyry, part of the AFRY Group, which has signed a contract with HMSWeb Tecnologia da Informação to work on a landmark venture in the mining industry: the Araguaia Nickel project. This project, located in Conceição do Araguaia (PA), is the largest greenfield nickel investment in Brazil by the British company Horizonte Minerals (HZM). “The Araguaia Nickel project from Horizonte Minerals represents a new chapter in the partnership between HMSWeb and Pöyry. Previously, our corporate contract with Pöyry covered projects in the pulp and paper sector in Brazil. Due to the success of our past collaborations, which expanded into the AFRY Group (Sweden), Pöyry has now adopted HMSWeb© (Handover Management System) for the Araguaia Project,” says Luciano Gaete, CEO of HMSWeb and IT Director at Forship Group. Differential that creates opportunities “The HMSWeb© represented a differential for Pöyry together with the final customer, the Horizonte Minerals, once we have a robust portfolio of mining projects and know-how on this industry, already incorporated to our solution”, adds Gaete. In the executive perspective, in addition to further consolidate this partnership, it represents an opportunity to show the HMSWeb© potential to Horizonte Minerals, which has ventures in several countries. “Possibly, throughout this project, we may join other HZM international assets”, Gaete mentions, who also expects the adoption of HMSWeb© by Pöyry, in a corporate manner, in international projects. Pöyry/AFRY already uses the HMSWeb and is happy with our actuation in Smelter Complex, under its responsibility in Sweden”, he says. Customized solution “HMSWeb© has been a key differentiator for Pöyry with our client, Horizonte Minerals. Our robust portfolio of mining projects and industry expertise, already integrated into our solution, has been pivotal,” adds Gaete. From the executive’s perspective, this opportunity not only solidifies the partnership but also showcases HMSWeb©’s potential to Horizonte Minerals, which has projects across various countries. “Through this project, we may potentially engage with other HZM international assets,” Gaete notes. He also anticipates that Pöyry will adopt HMSWeb© corporately for international projects. “Pöyry/AFRY already uses HMSWeb and is satisfied with our involvement in the Smelter Complex under its management in Sweden,” he concludes. Project Araguaia Níquel Horizonte Minerals, which is developing the Araguaia Project in southeastern Pará, is also active in Brazil with the Vermelho Project, focused on nickel and cobalt, located in Canaã dos Carajás and currently in the feasibility study phase. The Araguaia mine, with a projected service life of 28 years, aims to produce 14,500 tons of ferronickel annually to supply the stainless steel market. Additionally, a Feasibility Study for Line 2 could potentially double production to 29,000 tons per year and extend the mine’s operational life by another 25 years. As of July, more than 65% of the construction work has been completed, and the first metal is expected in the first quarter of 2024. This expansion will enhance the production of a metal crucial for the clean energy transition, which is experiencing increased demand due to the established stainless steel market and the burgeoning battery market for electric vehicles. Nickel is a key metal in the transition to clean energy and has shown rising demand, driven by both the stainless steel industry and the growing electric vehicle battery market. Through these projects in Brazil, Horizonte Minerals aims to position itself as a major nickel producer, with a combined annual production target exceeding 60,000 tons of nickel.