Capital Markets Financial Reporting

Douglas M. Miller

*** ***** ** **** 310-***-**** (mobile)

Midway, Utah 84049 ****@*********.***

-Highly Experienced Finance and Operations Executive with Direct P&L Responsibilities

Multiple Assignments with Direct P&L responsibility in excess of $100MM at Corporate, Business Unit, and Project Levels

-Capital Budgeting and Capital Allocation, Financial Reporting, and Financial Systems Development and Implementation

-Direct Lead Responsibilities and Experience for Capital Raising at Corporate and Project Level

-Direct Lead Responsibility for Major Transactions, Targeting, Execution and Integration

-Demonstrated Leadership, Strategic Planning and Execution

-Accelerated Outcomes – Special Situations – Work Outs

-Driving Technologies out of the Lab and into the Marketplace

- Demonstrated capital markets credibility with strong reputation and history of delivered value. Leadership and responsibility for major M&A and capital markets transactions.

- Solid demonstrated leadership in finance, operations, engineering and construction, and major transactions with forty-three years of experience in the development and operation of large energy and infrastructure projects.

- Experienced in major project engineering and construction, technology development, and profitable operation of large industrial facilities.

- Demonstrated leadership in Asian, Latin American, Middle Eastern, and European cultural milieux.

- Active engagement of government, regulatory, and utility affairs as elements of strategy.

- Proven track record of success in management of large commercial operations, and recognized leadership in strategic growth, major transactions and integrations, disciplined cost control and management of change.

-Significant Agricultural Background and Experience

EMPLOYMENT HISTORY

2023-2024 General Manager, Lithium, US Magnesium LLC, Rowley, Utah

Direct P&L responsibility for a 10,000 t/y Lithium Carbonate Production Facility

Responsible for Operations and Maintenance – 240 employees

Production Scheduling

Downtime improvement

Developed Reliability Maintenance System

Developed and Implemented Training/Safety/Housekeeping System

Hired/Built Production, Process Engineering, and Reliability/Maintenance Teams

Led Commercial Affairs and Transactions

Responsible for Regulatory and Government Affairs

Technology Development Program – Tested and evaluated multiple potential DLE absorptive media and resins for implementation of new DLE facilities

Development of two new 25,000 t/y Direct Lithium Extraction (DLE) facilities

2021-Present Utah Energy Advisors/Industrial and Commercial Real Estate

Sale of Refined Product Tank Farm, Roosevelt, Utah

Siting of Hydrogen Production Facility adjacent to Refinery, North Salt Lake City, Utah

Development of Oil Field Employee Housing Project, Roosevelt, Utah

Development of Data Center Site, Vernal, Utah

oStructuring of power contracts with local utilities, natural gas and renewable power

Development of FBO project at local airport, Wasatch County, Utah

oStructuring of Agreements for Fuel Facilities and Hangars

Represented Buyer/Bidder on 600-acre Dairy in Summit County, Utah

oDeveloped Land Use Plan for Residential Conversion

oStructured Utility, Water Rights, Culinary Water Conversion, Waste Water Plan with City and County Engineers, Negotiated Annexation Plan

Market Study of Zoning Code Enabled Conversion of Industrial to Multi-Family Residential, Salt Lake City, Utah

Represented Buyer/Bidder- Prepared Target Slate for Acquisition of Zoned Properties for Urban Industrial to Residential Conversion

Farm/Ranch Market Study and Identification of Potential Acquisition Targets, Morgan County, Utah

Winter 2021-2025 Snowbasin Ski Team – USSA Certified Alpine Race Coach

-Junior Development Team

-FIS/USSA Certified Race Official

Winter 2022-2025 Deer Valley Ski School – PSIA Certified Instructor

Advanced Level, Spanish, and Adaptive/Disabled Skier Instruction

2018-2021 Executive Vice President, Corporate Development and Commercial Affairs

Greyrock Energy Inc., Sacramento, California

Reporting to CEO and Founder

Origination and development of a 50,000 Bbl/d portfolio of Canadian GTL projects

Launched new catalytic low carbon technology platform – Infinium

Development of CO2 to liquid fuel projects in North America, Western Europe and Middle East

2014-2017 Executive Vice President, Corporate Development

WesPac Midstream LLC, Irvine, California

Reporting to CEO and Founder

Development of small and medium scale LNG infrastructure and supply chains connecting markets in the Americas, Asia, and Europe. Active projects in Canada, Japan, Guam, Philadelphia, Bermuda, and the Caribbean.

Preliminary engineering of LNG shipping and receiving facilities

Conceptualization and development of LNG infrastructure and supply chains to serve the emerging LNG bunkering markets in major trade lanes in North America and Asia.

Commercial leadership and strategies to acquire major Latin American midstream asset package and small-scale LNG assets

2011-2013 Senior Vice President, Occidental Energy Ventures

Occidental Petroleum Corporation, Los Angeles, California

Reporting to the President, Mid-Stream and Energy Ventures:

Design and implementation of California GHG Cap and Trade compliance plan covering over 6MM mt/yr CO2e with allowances and offsets valued in excess of $1B.

Developed GTL (methanol/ethanol) project with international chemical partner and Middle Eastern national oil company. Completed FEL level 2 feasibility study.

Due diligence and negotiation of commercial agreements to acquire basic materials company.

Completed FEED (FEL level 3) study for 200,000 tpy ultra-light ceramic proppant manufacturing facility.

Developed and executed 4MM mt/yr Sulphur marketing plan in support of Middle Eastern sour gas project.

Development of micro-LNG concept in support of domestic gas production operations.

Development of marine terminal

2006-2011 Executive Vice President, Chief Operating Officer (2006-2009)

Executive Vice President and President, Rentech Canada (2010-2011)

Rentech Corporation, Los Angeles, California and Denver, Colorado

Led FEED and negotiated EPC and other commercial contracts for $1.2B Synthetic Fuels project.

Led $150MM capital raise through a public company secondary offering.

Direct operating and P&L responsibility for $250 MM/yr ammonia fertilizer operation, ($80MM EBITDA).

Led development and commercialization effort of an advanced derivative of the Fischer-Tropsch process converting synthesis gas (CO/H2) into long chain hydrocarbons for upgrade into diesel, jet fuel and high value specialty chemicals.

Responsible for the engineering and construction of $150 MM fully integrated Process Demonstration Unit in Commerce City, Colorado. First fully integrated, chute to tank, biomass to synthetic jet fuel plant. Secured $38 MM DOE grant is support of the project. SAF flight demonstrations with USAF and United Airlines

Direct responsibility for R&D, E&C, O&M, and HR functions. Served as interim CFO from Mar–Oct 2008. Led IT steering team for financial and technical computing.

Acquisition of two biomass gasification companies.

Rentech Canada

oSecured award of largest wood fiber biomass allocation (1.8 MM mt/yr) in Canadian history.

oSecured $200MM Canadian Federal funding from Sustainable Development Technology Company (SDTC)

oNegotiated off-take agreements for SAF with major airline (Air Canada) and Bio-naphtha with Sarnia petrochem complex (SABIC)

2000-2005 Vice President, Corporate Development

Unocal Corporation, El Segundo, California

Corporate officer, with direct responsibility for all major transactions including corporate mergers, acquisitions, and divestitures. Frequent active interaction with the Management Committee and Board of Directors. Responsible for “Review of Strategic Alternatives”, targeting and execution of all major corporate transactions. Merger integration responsibility.

Significant transactions include:

Principal responsibility for $18.6B corporate transaction.

$2.25B sale of Canadian business unit

Successful tender offer to acquire $650MM public company.

Divestiture of agricultural products and carbon divisions

$600MM Indonesian asset acquisition from ExxonMobil

Divestiture of Chinese LPG terminal

Divestiture of Brazilian oil and gas operations

Divestiture of Tran Andean oil pipeline

2000-2005 Board Member/Director

Molycorp, Inc., Brea California

Major producer of Molybdenum, Niobium, and Rare Earth Minerals

1999-2000Vice President, Unocal Thailand

President, Unocal Asia-Pacific Ventures

Bangkok, Thailand

Reporting to the regional President developed and executed "defend and extend" strategy in support of over 1.5 billion cubic feet per day of natural gas sales to the Kingdom of Thailand. Successfully integrated the operating and commercial activities of Thailand, Vietnam, and Myanmar into a single harmonized business unit.

1998-1999 General Manager, Planning and Development

International Energy Operations Division

Unocal Corporation, El Segundo, California

Reporting to the EVP, International Operations (subsequent CEO), responsible for the management, growth and rationalization of international oil, gas, power, and pipeline portfolio. Acquisition, divestiture, and integration of businesses to meet strategic imperatives. Responsible for annual operating plans, expense and capital budgets, and performance management systems. Responsible for investor relations/analyst meetings and internal and external reporting. Led and participated on transaction teams and managed multiple team leaders. Extensive experience in targeting, structuring, negotiation, due diligence, and integration of new businesses, projects and companies. Division Planning Manager operates as division level CFO representing division on strategic planning, budget and finance matters and interaction with corporate planning, comptroller and treasurer. International Energy Division was approximately 80% of company cash flow, capital, and value. Responsible for the preparation and tracking of the Annual Operating Plan and the Capital Allocation Process.

Led major restructuring of international upstream businesses –

$170MM annual cost savings

Led the development and project financing of $700MM Indonesian off-shore (deepwater) oil field development

Acquisition of Canadian oil and gas company in $265MM transaction

Divestiture of North Sea business units

Negotiated long term Indonesian LNG supply contracts with Asian electric utility buyers from Bontang LNG plant.

Participated in the structuring and execution of the BTC pipeline financing.

Negotiated numerous JV, partnership, and purchase and sale agreements.

Negotiation and settlement of major international commercial and government disputes.

1996-1998 President and Managing Director

Unocal Philippines, Inc.; Philippine Geothermal, Inc.

Country Manager responsible for all Philippine operations and business development activities.

Direct P&L responsibility for $100MM annual revenue (1100 employees) business providing steam to 750 MW of electrical generation capacity

Developed and implemented computer-based Operations Management System integrating all Operations, Maintenance, Loss Control, and HES

Structure and negotiation of $500MM generation asset acquisition/privatization as part of a settlement of a long-standing commercial dispute.

Executed Industrial Peace Accord less than six months after suffering debilitating 26-day strike.

Significant sustained improvement of safety record.

1995-1996 General Manager, Planning and Business Development

Geothermal/Power Operations Division

Unocal Corporation, Los Angeles, California

Reporting to division president. Responsible for the development and execution of strategies to sustain and grow Unocal’s electric power businesses. Identify and secure new geothermal and cogeneration power projects and provide for the ongoing operational stability of existing projects. Create business plans and strategies; prepare capital budgets and annual operating plans. Division IT responsibility.

Led the development of 165 MW Salak Geothermal Power Project in Indonesia. Lead responsibility for the structure and closing of the $465MM Salak/ Dayabumi project financing. International Project Finance Magazine 1996 “Deal of the Year”.

Co-led the development of the 700 MW Thai IPP – first independent power producer in Thailand

Structure and negotiation of joint venture/consolidation of domestic assets.

Launched Latin American project development campaign utilizing innovative structures with local partners and multi-lateral development support agencies.

1994-1995 Manager, Planning and Valuation

Geothermal/Power Operations Division

Unocal Corporation, Los Angeles, California

Development of strategic and tactical business plans, capital budgets and cash flow models, and management decision support tools. Evaluation of business opportunities, investments, industry, and competitor analysis. Analytical and technical support of ongoing project development in southeast Asia and Latin America. Negotiation of JV, and other major commercial agreements. Developed complete computer-based heat and material balance of 140,000 Bbl/d refinery integrating all steam, power, water and other utilities

1991-1993 Manager, Power Development

Geothermal Resources and Power Generation Division

Unocal Corporation, Los Angeles, California

Development of cogeneration, gas-fired and geothermal power projects, pipelines and natural gas storage facilities. Primary responsibility for domestic and international projects, transactions, and acquisitions, Specific country experience in: United States, Canada, Thailand, Indonesia, Japan, New Zealand, and Chile.

Negotiated Power Purchase and Sales Agreements with major utilities

Development, expansion and marketing of 85 Bcf Canadian natural gas storage reservoir

Development of power projects in North American and South East Asia

Ormat Energy Systems, Inc.

Sparks, Nevada

Reporting directly to the president and starting as the fifth employee of an entrepreneurial start-up in the emerging geothermal energy/independent power industry. The company went public with over $100MM in revenues and 250 employees.

1987-1990 Manager, Project Development

Development of domestic and international cogeneration and geothermal power projects. Responsible for power sales contracts, permitting/licensing, regulatory, preliminary design, and project financing. Capital costs of executed projects over $700 MM. Led or participated in 11 major project finance transactions. Major acquisitions, active participation and support of an IPO process. Represented company in the design, permitting, funding, and construction of 120 mile ultra-high voltage (230kV) transmission line interconnecting geothermal projects to Southern California Edison’s (SCE) Mirage sub station.

1985-1987 Project Manager

Development and engineering and construction of cogeneration and geothermal power plants and steam field facilities.

Getty Oil Company

Bakersfield, California

1982-1984 Production Engineer

Construction of oil, gas, and mining production facilities. Construction of TEOR (steam flood) cogeneration facilities.

EDUCATION

1981 B.S. Earth Sciences

University of California, Berkeley

Principal studies – Mineral Economics and Economic Geology of tungsten, mining and milling of tungsten ores at Pine Creek, California and Baotou, China, tungsten world markets, remotely developed the flow sheet and heat and material balance of major tungsten mining/milling complex utilizing aerial photographs and satellite imagery, satellite mapping and economic analysis of international cereal grain crops, yields, and market impacts. Economic geology studies of industrial and military applications of rare earth minerals. Economic assessment of the energy, industrial, and agricultural resources of Brazil.

Summer internship/field work:

1977-1978 Shipwright Apprentice, John Berry Yacht Sales, Alameda, California

1979 Union Carbide Corporation, Pine Creek Tungsten Mine, Bishop, California

1980 Defense Mapping Agency, Bethesda, Maryland

1981 Volta Redonda Iron Ore Mining/Milling Complex, Paraiba, Brazil

1995 M.B.A. (focused on finance, strategy, and operations research)

University of California, Los Angeles

Principal case studies – Strategies for production and marketing of the Ariane 5 launch vehicle (ESA). Real options pricing models for Chilean copper mining operations (CODELCO) and the Geysers geothermal field, game theoretic applications of ROFRs, scenario planning for post-Suharto Indonesia (Joint project with RAND Corporation).

1982-1987Graduate studies in Mining and Petroleum Engineering

California State University, Bakersfield

University of Nevada, Reno

PERSONAL

Born: 21 January 1960, Santa Monica, California. Three grown children

Activities: skiing, mountaineering, equestrian, scuba, off-road motorcycle racing (Baja 1000 finisher)

FAA Commercial Pilot Certificate No. 3583321 – Rated - Multi-engine/land, Instrument, Single engine/seaplane

Utah Real Estate License No. 12212738,

PSIA Professional Ski Instructor No. 409341,

USSA Alpine Race Coach No. 7130746

Pro Bono Work: Homeboy Industries; Challengers Boys and Girls Club; International Winter Special Olympics, Eastern Sierra Disabled Sports, Wounded Warriors, Homeboy Industries

Current Board Memberships: Osodorado Farm and Ranch Company –

Family land and agricultural operations in California and Hawaii

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