Rackla Metals Inc. · TSXV:RAK
Rackla Metals — Investor Presentation (March 2026)
19 slides from Rackla Metals's investor presentation, Mar 11, 2026
Slide 1: Tungsten, Gold and Rare Earth Minerals in Western Northwest Territories
Tungsten, Gold and Rare Earth Minerals in Western Northwest Territories BOOTS ON THE GROUND - MAKING DISCOVERIES Tungsten, Gold and Rare Earth Minerals in Western Northwest Territories BOOTS ON THE GROUND - MAKING DISCOVERIES racklametals.com TSX-V: RAK | FSE: RLH1 March 2026
Slide 2: Forward Looking Statements & Qualified Person
FORWARD LOOKING STATEMENTS & QUALIFIED PERSON Certain statements contained in this presentation among others, changes in general economic conditions Company disclaims any obligation to update any constitute forward-looking statements within the and financial markets; the Company or any joint forward
Slide 3: Tombstone-Tungsten Belt, Northwest Territories
TOMBSTONE-TUNGSTEN BELT NORTHWEST TERRITORIES A premier location for world-class gold and tungsten deposits ➢ Lened is a high-grade tungsten project acquired by Rackla. ➢ The region is experiencing rejuvenated tungsten exploration driven by critical mineral interest. ➢ Proximity to abandoned Cantung
Slide 4: Lened Acquisition - A Tungsten & Rare Earth Discovery
LENED AQUISITION - A TUNGSTEN & RARE EARTH DISCOVERY Lened Pluton Sara’s Ridge Lened Tungsten Deposit Hot Springs Ridge ➢ Rackla acquired 100% of the UFP Skarn CAC intrusion Lened Tungsten Deposit Billy Goat Ridge through claim staking. Camp Discovery Rhodes Tungsten Lened Deposit Western Skarn Step
Slide 5: Historic High-Grade Resource
HISTORIC HIGH-GRADE RESOURCE LENED WORLD-WIDE RANKING IN HIGH-GRADE ➢ Lened ranks as one of the highest-grade tungsten deposits in the world. ➢ It is a significant tungsten deposit in a world class camp. GRADE (WO3) ➢ The Cantung mine is 55 km to the south of Lened and the Mactung deposit is 127 km
Slide 6: Lened Tungsten Deposit – Significant Upside
LENED TUNGSTEN DEPOSIT – SIGNIFICANT UPSIDE PROPRIETARY DATASET AQUIRED ➢ From 1977 - 1982 Union Carbide Exploration Ltd conducted an intensive exploration program advancing Lened to Feasibility. ➢ Included 26,900 m of diamond drilling in 178 holes. The core is in recoverable condition. ➢ Rackla acq
Slide 7: Lened Geological Setting
LENED GEOLOGICAL SETTING ➢ The Lened Deposit is a tungsten + copper + gold skarn hosted in limestone on the margins of the Lened Pluton, a Cretaceous alkalic intrusion. ➢ The resource calculation accounted for 3 of 15 known zones on the property – Emma, Western Skarn and Stephen’s Ridge zones. rackl
Slide 8: Emma Zone – Cross Section A-A'
EMMA ZONE – CROSS SECTION A-A’ ➢ The deposit forms the dip slope of the hillside providing favorable geometry for open pit mining. 1982 X-section racklametals.com TSX-V: RAK | FSE: RLH1 8
Slide 9: Western Skarn – Cross Section B-B'
WESTERN SKARN– CROSS SECTION B-B’ ➢ In 1981 and 1982, Union Carbide had advanced the project with environmental, metallurgical, economic and engineering studies, including pit design. ➢ The company was on the path to developing the deposit, having completed a positive internal Feasibility Study. rac
Slide 10: Stephen's Ridge – Cross Section C-C'
STEPHEN’S RIDGE – CROSS SECTION C-C’ ➢ The company envisioned primarily open pit mine with mill throughput of 325 tonnes/day, 365 days/year. ➢ Average ore grade of 1.14% WO3. ➢ 80% tungsten recovery. ➢ To produce a 65% WO3 concentrate. racklametals.com TSX-V: RAK | FSE: RLH1 10
Slide 11: Development Plans Put on Hold
DEVELOPMENT PLANS PUT ON HOLD ➢ The project was submitted to the Federal Environmental Assessment and Review Process (EARP) early in 1982. ➢ Later that year, the price of tungsten dropped significantly, and the project was placed on hold. ➢ Tungsten went from US$138/ mtu in 1977 to US$38/ mtu in 198
Slide 12: Cantung Minesite & Related Infrastructure
CANTUNG MINESITE & RELATED INFRASTRUCTURE ➢ The Cantung mine site is 65 km by road (55 km by air) south of the Lened property. ➢ The mine shut down in 2014 and has been on Care and Maintenance since then. ➢ The facilities in the photo below all remain at the site. racklametals.com TSX-V: RAK | FSE:
Slide 13: History of Mining at Cantung
HISTORY OF MINING AT CANTUNG ➢ Cantung Mine started operations in 1962. ➢ For the first 10 years the operation was seasonal open pit mining and produced approximately 1.32 Mmtu of WO₃ (1 mtu=10 kg). ➢ In 1972, the E-Zone orebody was discovered, a large high-grade scheelite-bearing skarn grading + 1.
Slide 14: Cantung – Lened Synergies
CANTUNG – LENED SYNERGIES Cantung portal Cantung mill ➢ Presently at Cantung there is an NI43-101 indicated and inferred resource of over 5.2 m/t @ 0.92% WO3.* ➢ The high-grade scheelite at Lened could be blended with Cantung ore to create a premium mill feed and return the mine to the heydays of 19
Slide 15: South Lened Rare Earths
SOUTH LENED RARE EARTHS Lanthanide Series (values in ppm) A Serendipitous Discovery ➢ In 2025, Rackla completed a regional stream sediment sampling program on Lened Creek and the tributaries draining the Lened Lened Tungsten Deposit area. Tungsten Deposit ➢ Rackla was surprised to find anomalous rar
Slide 16: Tombstone Gold Belt Properties
TOMBSTONE GOLD BELT PROPERTIES Grad Property - BiTe Zone • 2024 discovery of outcropping RIRGS-style high-grade Au/Bi/Te mineralization at the BiTe Zone. • 2025 - 10-hole, 4,500 m drill program tested a compelling geological model. • The drill results were generally disappointing - best intercept wa
Slide 17: Upcoming Catalysts
TIMELINE Upcoming Catalysts 2026 catalysts are: ➢ The historic Lened data is being digitized including compilation of geological, trench and drill data ➢ Substantial drill program planned on the high- grade targets defined at Lened with the intention to produce an updated NI43-101 resource by year e
Slide 18: Capital Structure
CAPITAL STRUCTURE TSX-V: RAK Basic Shares Outstanding 162.9M Warrants 7.4M Incentive Stock Options 3.6M Fully Diluted 173.9M Cash $9.7M *As of January 1st, 2026 ~32% Insider Ownership racklametals.com TSX-V: RAK | FSE: RLH1 18
Slide 19: Contact Information
1.604.801.5432 info@racklametals.com 1000-1111 Melville St. Vancouver, BC, V6E 3V6 racklametals.com TSX-V: RAK | FSE: RLH1