Arctic Minerals Ab · OMXSTO:ARCT
Arctic Minerals Ab — Investor Presentation (November 2026)
23 slides from Arctic Minerals Ab's investor presentation, November 2026
Slide 1: Nordic Scale. Copper & Silver Focus.
NORDIC SCALE. COPPER & SILVER FOCUS. Developing the next generation of critical Company presentation metal assets in the Nordics. November 2026 1 1
Slide 2: Important Information
Important Information The information comprised in this document (the “Presentation”) has been prepared by the Board of Directors of Arctic Minerals AB (publ) (“Arctic Minerals” or the “Company”) and does not constitute or form part of any offer to purchase or subscribe for, any securities of the Co
Slide 3: Table of contents
Table of contents Advanced projects Bidjovagge Introduction to Hennes Bay | Bidjovagge 01 Arctic Minerals Cu - Au Greenfield projects Swan Lake | Kuusi 02 Portfolio overview Swan Lake Kuusi Cu – Au – PGE Cu – Au - Ag 03 Hennes Bay – Flagship asset 04 Market overview FLAGSHIP Hennes Bay Cu - Ag 05 Ap
Slide 4: Executive summary
Executive summary Two Nordic advanced exploration copper-silver-gold projects with multiple near-term growth catalysts Hennes Bay – Flagship Asset Bidjovagge – Advanced Exploration Asset Cu Ag Cu Au 90.7 Mt 682kt 60.9 Moz >50 km <5% 17,549m 2.38 Mt 3.3 Mt 32kt 135 koz PEA 162,295m Outcropping Drilli
Slide 5: The expertise to advance Arctic Minerals
The expertise to advance Arctic Minerals A complementary team spanning exploration, mine development, capital markets and Nordic stakeholder engagement Board & management Complementary capabilities Significant mining leadership experience Robert Behets Peter George Joakim Lidfeldt Johan Spetz Erik L
Slide 6: Why copper?
Why copper? Robust demand growth and a slow supply response support copper’s long-term price outlook Copper price 16 000 CAGR 12.1% 12 000 8 000 4 000 0 1 2 2016 2018 2020 2022 2024 2026 Demand is broadening New supply is difficult 3 Electrification, power grids, data centers & Major discoveries are
Slide 7: Regulatory tailwinds in our favour
Regulatory tailwinds in our favour New reforms in Norway and Sweden — aligned with the EU Critical Raw Materials Act — are shortening the path to production Norway – New Minerals Act Sweden – New Mineral Strategy EU – 2030 Raw Materials Targets In force from 1 July 2026 Announced July 2026 Regulatio
Slide 8: Table of contents
Table of contents Advanced projects Bidjovagge Introduction to Hennes Bay | Bidjovagge 01 Arctic Minerals Cu - Au Greenfield projects Swan Lake | Kuusi 02 Portfolio overview Swan Lake Kuusi Cu – Au – PGE Cu – Au - Ag 03 Hennes Bay – Flagship asset 04 Market overview FLAGSHIP Hennes Bay Cu - Ag 05 Ap
Slide 9: Project portfolio overview
Project portfolio overview Geared towards resource growth, project advancement and near-term exploration success across four Nordic copper-silver-gold assets Hennes Bay (Flagship) — Cu-Ag Bidjovagge Project — Cu-Au ADVANCED EXPLORATION ADVANCED EXPLORATION Comparable geological settings Comparable g
Slide 10: Table of contents
Table of contents Advanced projects Bidjovagge Introduction to Hennes Bay | Bidjovagge 01 Arctic Minerals Cu - Au Greenfield projects Swan Lake | Kuusi 02 Portfolio overview Swan Lake Kuusi Cu – Au – PGE Cu – Au - Ag 03 Hennes Bay – Flagship asset 04 Market overview FLAGSHIP Hennes Bay Cu - Ag 05 Ap
Slide 11: Contained CuEq metal up 72%, with ample room to grow
Hennes Bay – Contained CuEq metal up 72%, with ample room to grow 90.7 Mt resource now defined across six prospects, with mineralisation remaining open and <5% of the tenement drill tested Summary Plan view – looking down from above Updated MRE: 90.7 Mt @ 1.03% CuEq (0.75% Cu & 20.9g/t Ag) for 936kt
Slide 12: Mineral Resource Estimate, November 2026
Hennes Bay – Mineral Resource Estimate, November 2026 90.7 Mt @ 1.03% CuEq for 936 kt CuEq across six prospects – 30% now in the Indicated category By classification Six prospects open along ~20 km of strike, open at depth Tonnes Classification CuEq (%) Cu (%) Ag (g/t) CuEq (kt) Cu (kt) Ag (Moz) (Mt
Slide 13: Conceptual mining study sets the scene for PEA and permitting
Hennes Bay – Conceptual mining study sets the scene for PEA and permitting Room-and-pillar mining into a central decline/conveyor corridor, with resource growth beyond Dingelvik Conceptual mining study complete Conceptual mine layout ▪ Multiple decline access supports around 4 Mt annually Room-and-p
Slide 14: Historical testing indicates strong copper and silver recoveries
Historical testing indicates strong copper and silver recoveries High copper and silver recoveries possible using standard processing technologies Historical testwork results Key takeaways from the testwork Cu Ag Cu Ag Cu Most of the copper can be recovered ~90% Cu ≥90% Cu ~30% Cu Cu Under the histo
Slide 15: Major infrastructure in place
Major infrastructure in place Heavy haulage roads, ports, and high-voltage power lines are already in place at Hennes Bay Established regional infrastructure supports potential development Transport Electric railway to Gothenburg Port or Lake Vänern ports — direct EU market access, no transshipment
Slide 16: Drill Program 1 Complete, DP2 Underway
Drill Program (DP) 1 Complete, DP2 Underway 10 of 12 holes in DP1 intersected copper mineralisation; Dingelvik extended up to 465m down-dip of historical drilling High-grade intersections: 64.4m @ 1.0% CuEq incl. 1.7m @ 3.2% CuEq (down-hole)¹ Mineralised horizon in Hole 2604. From top to bottom: Han
Slide 17: Pathway towards potential development
Hennes Bay – pathway towards potential development Resource definition, technical studies and permitting progress in parallel CURRENT POSITION NEAR-TERM WORK SUBSEQUENT MILESTONES LATER STAGE Further drilling 4,187m DP1 DP2 results RESOURCE & 90.7 Mt Resource and potential drilling completed, and re
Slide 18: Table of contents
Table of contents Advanced projects Bidjovagge Introduction to Hennes Bay | Bidjovagge 01 Arctic Minerals Cu - Au Greenfield projects Swan Lake | Kuusi 02 Portfolio overview Swan Lake Kuusi Cu – Au – PGE Cu – Au - Ag 03 Hennes Bay – Flagship asset 04 Market overview FLAGSHIP Hennes Bay Cu - Ag 05 Ap
Slide 19: Copper demand is outrunning the project pipeline
Copper demand is outrunning the project pipeline Electrification and next-generation technologies require more copper, while new supply remains slow to develop 2035 IEA copper-market comparison Million tonnes per year ~7.0 Mt 2035 primary supply requirement 27,5 Projected 2035 primary copper supply
Slide 20: Silver demand continues to exceed supply
Silver demand continues to exceed supply 2026 is forecast to mark a sixth consecutive year with a market deficit 2026 global silver market outlook Where demand comes from Total supply Total demand ~640 Moz – Used in industrial products 1,066.4 Moz 1,112.6 Moz Silver is used in electronics, solar pan
Slide 21: Table of contents
Table of contents Advanced projects Bidjovagge Introduction to Hennes Bay | Bidjovagge 01 Arctic Minerals Cu - Au Greenfield projects Swan Lake | Kuusi 02 Portfolio overview Swan Lake Kuusi Cu – Au – PGE Cu – Au - Ag 03 Hennes Bay – Flagship asset 04 Market overview FLAGSHIP Hennes Bay Cu - Ag 05 Ap
Slide 22: Resource nationalism is accelerating across the copper supply chain
Resource nationalism is accelerating across the copper supply chain In under two years, the EU, Indonesia, China, the DRC and the US have each moved to keep critical copper feedstock at home What the EU wants by 2030 The same pattern, playing out worldwide 2024–2027 — European Union 10% 1 Waste Ship
Slide 23: Nordic Scale. Critical Metals.
For further information: NORDIC• SCALE. Contact Peter George, Managing Director and CEO, peter.george@arcticminerals.se CRITICAL METALS. Building the next generation of copper Empowering the green energy transition and silver assets in the Nordics. with Nordic copper, silver and critical metals 23 2
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