Selkirk Copper Mines Inc. · TSXV:SCMI
Selkirk Copper Mines — Investor Presentation (January 2026)
32 slides from Selkirk Copper Mines's investor presentation, January 2026
Slide 1: Yukon’s Next Producing Copper Mine
Yukon’s Next Producing Copper Mine Writing a New Chapter, Building for the Future Selkirk Copper Mines TSX-V:SCMI | OTCQB:SKRKF | FRA:IO20 selkirkcopper.com January 2026
Slide 2: Cautionary Notes and Technical Disclosure
Cautionary Notes and Technical Disclosure Disclaimer Recipients of this Presentation who are considering acquiring securities of Company or a related entity are reminded that any such purchase or subscription must not be made solely on the basis of the information contained in this Presentation but
Slide 3: Rare Copper-(Gold-Silver) Opportunity in Canada
Rare Copper-(Gold-Silver) Opportunity in Canada Compelling • Purchased an idled copper-gold-silver mine for ~C$16M, and current market capitalization of ~C$100M Opportunity at • Near-term production potential leveraging existing infrastructure creates a rare opportunity to become a near-term single
Slide 4: Corporate Overview
Corporate Overview TSXV:SCMI | FRA:IO20 Capital Structure & Market Valuation CEO Asset Summary Selkirk First Shares Outstanding 127,943,411 4.8% • 100% ownership of the Minto Mine covering 26,850 hectares Nation • Accessible year-round by road, barge, and air Options 9,168,750 22.3% Board & • Produc
Slide 5: Selkirk Copper Project Overview
Selkirk Copper Project Overview Located in the Minto-Carmacks Belt, Yukon – a Well-established Mining District Project Details Ownership 100% Selkirk Copper Mines Inc. (TSX-V:SCMI | FRA:IO20) Majority Shareholder Selkirk First Nation (22.3%) Location Central Yukon (250km North of Whitehorse on the K
Slide 6: Benchmarking SCMI to Relative North American Copper Developers
Benchmarking SCMI to Relative North American Copper Developers Anticipated First Market Cap (C$M) Production 1 2028 - 2030 2030 2032 2032 2030 2029 2030 - 2026 2028 $4,000 $5,000 $2,970 $3,383 $3,500 0.8 $3,078 $4,000 Cap (C$M) (C$M) $3,616 $3,000 $2,140 $3,105 0.6 $2,500 $3,000 Market Cap $1,470 $2
Slide 7: Significant Existing Capital and Infrastructure
Significant Existing Capital and Infrastructure Significant Underground Workings Open Pit Mineral Resources Large Drilling Database 4,100 tpd Mill 400 Person Camp Water Treatment Plant 7
Slide 8: Exploration, Drilling, Development and Operations Timelines
Minto Copper-Gold-Silver Exploration, Drilling, Development and Operations Timelines SCMI drilling 600,000 Minto Copper-Gold-Silver expands zones Drillling Meters - All Categories Exploration, Drilling, Development and Operations Timeline (1970-2026) Drilling discovers 500,000 new zones Discovery Fi
Slide 9: Historical Mine Production
Historical Mine Production OP Ore Mined (LHS) UG Ore Mined (LHS) Mill Feed (LHS) Overall Cu Recovery (%) (RHS) 2,000 100 1,600 80 Design Capacity — 4,100 tpd Tonnage (000 t) 1,200 60 800 40 400 20 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Sherwood Copper
Slide 10: What’s Different This Time
What’s Different This Time Boots on the Ground – This asset has been underattended to and undermanaged for ~10 years; our team is committed to changing that starting now Social License – Selkirk Copper’s advancement of the Minto Mine towards a restart decision will be in partnership with Selkirk Fir
Slide 11: Selkirk Copper Team
Selkirk Copper Team Board of Directors Colin Joudrie Alex Morrison Greg Fekete Rob McLeod Stephen Mills Ryan Weymark CEO, Director Independent Director SFN Nominated Director Director SFN Nominated Director Director Executive Josh Kierce Matthew Pickard Chuck Hennessy Scott Fulton Kevin McGinty Stac
Slide 12: Recent Developments and Near-Term Catalysts
Recent Developments and Near-Term Catalysts • Completed C$4.5M and C$40M equity raise at ~C$30M EV, resulting in 100% ownership of the mine and infrastructure • Resumed trading on TSX Venture (TSX-V:SCMI) on Nov 4, 2025 with secondary listing on the Frankfurt Exchange (FRA:IO20) • Awarded Trade-off
Slide 13: Minto Timeline
Minto Timeline Oct 2018 Jun 2025 Q1 2027 Capstone Places SFN Completes acquisition Planned completion Minto into Care of all tangible and intangible of Feasibility Study & Maintenance assets of the Minto mine Apr 2022 Restricted operating Mar 2026 H1 2028 Oct 2019 Expected Oct 2026 Potential first P
Slide 14: Restart Planning
Restart Planning
Slide 15: Multi-Step Plan to Inform a Restart Decision and Plan
Selkirk Copper Mines Inc. Multi-Step Plan to Inform a Restart Decision and Plan Target Timeline 2025 2026 2027 2028 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Due Diligence, $4.5M Initial TSX-V OTC PEA Feasibility Mill First Partnering, and Financing Listing Listing Completion Completion Commis
Slide 16: Exploration Update
Exploration Update 16
Slide 17: District-Wide Exploration
District-Wide Exploration • Selkirk Copper acquired an updated, high-quality LiDAR dataset in Q4 2025 covering ~2,000km2 of prospective Minto-Carmacks Copper Belt which will act as an updated base map for mine-site and district-wide exploration activities • Selkirk Copper holds ~26,850 ha of mineral
Slide 18: Mine-Site Exploration and Resource Drilling
Mine-Site Exploration and Resource Drilling • 50,000 m drill program is focused on: 600 Rig 12 Avg Rig 11 avg 35000 Rig 10 Avg Rig 9 Avg • Expanding and Extending zones of known Cumulative 30000 Daily Avg mineralization at Minto North, Minto East, 500 and Copper Keel underground zones and the 118 an
Slide 19: Minto Mineralization Zones
Minto Mineralization Zones Within the Mine Site Footprint 19
Slide 20: Mine-Site Exploration and Resource Drilling
Mine-Site Exploration and Resource Drilling January 22, 2026 and December 22, 2025 Results 20
Slide 21: Minto North West Zone
Minto North West Zone Results from Additional Drillholes • Drill hole 25SCM017 intersected two high-grade intervals, 23.4 m and 20.0 m, expanding the zone by a further 65 m south of the resource model • Drill hole 25SCM009 intersected >24 m mineralized interval hosted within strongly deformed assimi
Slide 22: Minto North West Zone
Minto North West Zone Core Detail 25SCM001 25SCM002 0.30-1.0% Cu 1.01-3.0% Cu 3.01-10.0% Cu >10.01% Cu 22
Slide 23: Ridgetop Zone
Ridgetop Zone • Drill results released to date have targeted an under-drilled portion of this open pit resource situated between a shallow western pit (to <150 m depth) and a higher-grade, deeper zone to the east • Holes 25SCM016 and 18 intersected a deeper, previously unmodelled zone • Drilling dem
Slide 24: Following-up Recent Drill Results
Following-up Recent Drill Results 22EXP058 Interval 143.75-144.25 m 25.5% Cu An example of net-textured bornite within an equigranular granodiorite 24
Slide 25: Trade-Off Study and Preliminary Economic Assessment (PEA) Update
Trade-Off Study and Preliminary Economic Assessment (PEA) Update 25
Slide 26: Engineering Update
Engineering Update Trade-Off Study and PEA Hatch and SRK Teams underway: Site Visit October 16-19 Trade-Off Study and Preliminary Economic Assessment (PEA) Design Basis/Objectives: • 1) define a 12-15 year mine- life; 2) 4,100tpd continuous ore production; 3) tailings & waste rock disposal within QM
Slide 27: Engineering Update
Engineering Update Trade-Off Study and PEA (continued) Key Activities • Partially Oxidized (POX) Material test work underway with Blue Coast Research • Mill equipment evaluation underway • Updated LiDAR (80km x 30km) completed in Q4 2025 Key Issues/Risks • POX test work data and interpretation timin
Slide 28: Engineering Update
Engineering Update Trade-Off Study and PEA (continued) Key Opportunities • Optimize Energy Efficiency to reduce operating costs • Grinding/crushing circuit is paramount (grind size optimization, revamp crushing circuit) • Establish framework agreement with Yukon Energy Corporation on energy efficien
Slide 29: Permitting Update
Permitting Update 29
Slide 30: Advancing Our Regulatory Efforts
Advancing Our Regulatory Efforts Coordination and Historical Review Direct Engagement with the Regulators • Working with Selkirk First Nation to better align • Continuing discussions with the Government of the history and experiences of Minto with our Yukon, Yukon Water Board, YESAB, and others, fut
Slide 31: Advancing Our Regulatory Efforts
Advancing Our Regulatory Efforts Water, Waste, and Tailings Resourcing the Opportunity • Continuing to discuss how to address the • Hired Director, Permitting physical and permitting requirements to • Request for Qualifications issued to various remove the water stored underground by the consulting
Slide 32: colin.joudrie@selkirkcopper.com justin.stevens@selkirkcopper.com
colin.joudrie@selkirkcopper.com 604-760-3157 justin.stevens@selkirkcopper.com 604-240-2959
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