Q2 Metals Corp · TSXV:QTWO
Q2 Metals — Investor Presentation (September 2026)
31 slides from Q2 Metals's investor presentation, September 2026
Slide 1: The Cisco Lithium Project
September 2026 THE CISCO LITHIUM P ROJE CT EEYOU ISTCHEE, JAMES BAY - QUEBEC, CANADA TSX.V: QTWO | OTCQB: QUEXF | FSE: 1 458
Slide 2: Forward-Looking Statement
C OR PO RA TE DI SC LOS URE FORWARD-LOOKING STATEMENT THIS PRESENTATION CONTAINS CERTAIN not undertake any obligations to release publicly any revisions for and legally extracted or produced at the time the mineral reserve FORWARD-LOOKING STATEMENTS updating any voluntary forward-looking statements,
Slide 3: Q2 Metals
Q2 METALS Rapidly advancing the Cisco Lithium Project, located in the Nemaska traditional territory of the Eeyou Istchee James Bay, Quebec, Canada. The Cisco Lithium Project is the largest spodumene lithium deposit in the western hemisphere and fourth largest, globally.
Slide 4: Our Team
MANA GE MENT AND BOA RD OUR TEAM ALICIA MILNE SAGE McCALLUM KEITH PHILLIPS JODY BELLEFLEUR CEO, President & Director P. Geol Executive Chair CPA, CGA Legal professional with 20+ years of VP Exploration, Director CFO Former CEO of Piedmont Lithium and 30+ years experience in securities and corporate
Slide 5: Share Structure & Performance
S TO CK INFO RMA TI O N SHARE STRUCTURE & PERFORMANCE TSX-V: QTWO CASH ON HAND ~$76.0 M ISSUED & OUTSTANDING 241.6 M Sprott Lithium Miners ETF (LITP) MARKET CAP (as of 2026-08-07) C ~$600 M 1,429,000 WARRANTS 780K @ C$0.90 (Expiry Aug 2028) 649K @ $2.45 (Expiry May 2029) SHARE-BASED COMPENSATION 23.
Slide 6: Cisco Lithium Project
CISCO THE LITHIUM PROJECT 3 Li Lithium EEYOU ISTCHEE JAMES BAY QUEBEC, CANADA
Slide 7: Location Advantage
C IS CO LITHI UM P ROJE CT LOCATION ADVANTAGE Transportation ▪ The paved, all-season Billy Diamond highway connects Cisco to the CN rail line in Matagami, 150 km to the south, and on to international port facilities along the St. Lawrence Seaway. ▪ Bécancour, ~215 km from the US border, is being dev
Slide 8: Project Area & Milestones
C IS CO LITHI UM P ROJE CT PROJECT AREA & MILESTONES The Cisco Project is comprised of 801 contiguous mineral claims over 41,253 hectares along the Frotet Evans Greenstone Belt. Q2 is in the process of securing permits for a new access trail from CISCO the Billy Diamond Highway directly to the depos
Slide 9: 2026 Mineral Resource Estimate
C IS CO LITHI UM P ROJE CT 2026 MINERAL RESOURCE ESTIMATE Largest spodumene lithium deposit in the western hemisphere & 4th largest, globally ▪ Inferred MRE based on 76 holes drilled for 33,343 m. ▪ An Exploration Target has been included on the area immediately surrounding the deposit for a minimum
Slide 10: MRE - Block Model Cross Section
C IS CO LITHI UM P ROJE CT MRE - BLOCK MODEL CROSS SECTION TSX.V: QTWO | OTCQB: QUEXF | FSE: 458 10
Slide 11: MRE - Block Model Long Section
C IS CO LITHI UM P ROJE CT MRE - BLOCK MODEL LONG SECTION Priority Target Priority Target TSX.V: QTWO | OTCQB: QUEXF | FSE: 458 11
Slide 12: Industry Leading Intervals
C IS CO LITHI UM P ROJE CT INDUSTRY LEADING INTERVALS Mineralization starts at surface to an average depth of 400 metres and remains open in all directions. ▪ CS-24-018: 215.6 m at 1.69% Li2O 65 ▪ CS-24-021: 347.1 m at 1.35% Li2O 36 ▪ CS-24-023: 188.6 m at 1.56% Li2O 21 ▪ CS-25-027: 179.6 m at 1.66%
Slide 13: Metallurgy
C IS CO LITHI UM P ROJE CT METALLURGY ▪ Spodumene confirmed as the primary lithium-bearing mineral within all pegmatite sample. ▪ Phase 1 of metallurgy test work: three composite samples tested using HLS to confirm the potential suitability of a DMS process: ▪ Composite 18: 74.1% recovery to produce
Slide 14: 2026 Work Program
C IS CO LITHI UM P ROJE CT 2026 WORK PROGRAM SUMMER 2026 - INFILL & EXPLORATION PROGRAM ▪ Program targeting approximately 20,000 m. ▪ Focus on infill drilling of the Cisco Deposit. ▪ Additional targets of potential zones of high-grade and/or near surface mineralization as well as near- deposit expan
Slide 15: 2026 Work Program: PEA and Baseline Studies
C IS CO LITHI UM P ROJE CT 2026 WORK PROGRAM PRELIMINARY ECONOMIC ASSESSMENT ▪ Preparation of a PEA continues. ▪ The PEA is intended to provide an early-stage, high-level evaluation of the economic potential of the Cisco Project. ▪ The PEA will be based on the Inferred MRE and metallurgy test work c
Slide 16: Community Engagement
CISCO THE LITHIUM PROJECT COMMUNITY ENGAGEMENT
Slide 17: Community Engagement
E NVI R ON MEN TA L, S OC I AL & G OV ER NA NC E COMMUNITY ENGAGEMENT ▪ Q2 is prioritizing the strengthening of relationships based on full transparency, with consistent and constructive open dialogue. Nemaska ▪ Cisco is 230 km from the Community of the Nemaska Cree Nation. ▪ Cisco is on Category 3
Slide 18: Foundations in Place
E NVI R ON MEN TA L, S OC I AL & G OV ER NA NC E FOUNDATIONS IN PLACE ▪ Early engagement with communities. ▪ Partnerships with Cree-owned and regional businesses operating in Eeyou Istchee James Bay to ensure economic activity generated by the Cisco Project contributes directly to local and regional
Slide 19: Cisco Accelerated Timeline
C IS CO LITHI UM P ROJE CT CISCO ACCELERATED TIMELINE 2026 2025 • Inaugural Inferred Mineral Resource Estimate 2024 • 24,311 m across 53 holes, including: • $70 Million Bought Deal Private Placement • CS-25-036: 272.5 m at 1.61% Li2O • Added to Sprott Lithium Miners ETF (LITP) • Q2 acquires Cisco •
Slide 20: Why Q2 Metals: Western Hemisphere Peer Comparison
C IS CO LITHI UM P ROJE CT WHY Q2 METALS 1.8 WESTERN HEMISPHERE PEER COMPARISON 1.6 PAK & Spark Grota do Whabouchi Cirilo 1.4 Bandeira Kings Grade (Li20 %) Mountain Shaakichiuwaanann 1.2 Root Colina Galaxy Cisco Carolina Moblan Adina Baixa NAL 1 Grande Rose 0.8 0 50 100 150 200 250 300 350 Million T
Slide 21: Why Q2 Metals: Global Peer Comparison
C IS CO LITHI UM P ROJE CT WHY Q2 METALS 1.8 GLOBAL PEER COMPARISON 1.7 Greenbushes 1.6 Andover Max 1.5 Pakeagama Lake Shaakichiuwaanann Goulamina Manono Grota do 1.4 Whabouchi Cirilo Bandeira Mount 1.3 Grade (Li2O) Mt. Marion Kathleen Moblan Valley Holland Cisco Finniss 1.2 Root Ewoyaa Adina Galaxy
Slide 22: Why Q2 Metals: The Investment Case
THE INVE STMENT CA SE WHY Q2 METALS TIER ONE ASSET / ACCELERATED TIMELINE INFRASTRUCTURE ADVANTAGE ▪ 2026 Inferred Mineral Resource Estimate: ▪ Highway access to rail facilities leading to international 295 Mt grading 1.36% Li20 shipping ports in Bécancour and Saguenay. ▪ Additional Exploration Targ
Slide 23: Q2 Metals Corp.
C ON T AC T Q2 METALS CORP. Alicia Milne Sage McCallum President, CEO & Director VP Exploration & Director AlMilne@Q2metals.com SMcCallum@Q2metals.com Chris Ackerman Jason McBride Corporate Development Manager, Investor Relations CAckerman@Q2metals.com JMcBride@Q2metals.com TSX.V: QTWO | OTCQB: QUEX
Slide 24: Appendix
Appendix 24
Slide 25: Global Peer Resources / Reserves
NOTES Global Peer Resources / Reserves Company Project & Link Stage Source Zijin Manono Development 2024 News Release Pilbara Pilgaangora Production 2025 Annual Report IGO Greenbushes Production 2025 News Release Ganfeng Goulamina Production 2024 News Release Sociedad Quimica y Min. de Chile SA Mt.H
Slide 26: Industry Leading Intervals
C IS CO LITHI UM P ROJE CT INDUSTRY LEADING INTERVALS Mineralization starts at surface to an average depth of 457.4m @ 1.65% 400 metres and remains open in all directions. 800 107.4m @ 1.87% ▪ CS-24-018: 215.6 m at 1.69% Li2O (364.4%-m) 108.5m @ 1.62% 71m @ 1.84% 109.5m @ 1.67% 121.6m @ 1.45% 700 ▪
Slide 27: Long Section
C IS CO LITHI UM P ROJE CT LONG SECTION TSX.V: QTWO | OTCQB: QUEXF | FSE: 458 27
Slide 28: Cross Section A
C IS CO LITHI UM P ROJE CT CROSS SECTION A News release: February 24, 2026 TSX.V: QTWO | OTCQB: QUEXF | FSE: 458 28
Slide 29: Cross Section B
C IS CO LITHI UM P ROJE CT CROSS SECTION B News release: February 24, 2026 TSX.V: QTWO | OTCQB: QUEXF | FSE: 458 29
Slide 30: Cross Section C
C IS CO LITHI UM P ROJE CT CROSS SECTION C News release: June 2, 2026 TSX.V: QTWO | OTCQB: QUEXF | FSE: 458 30
Slide 31: Cross Section D
C IS CO LITHI UM P ROJE CT CROSS SECTION D News release: August 25, 2026 TSX.V: QTWO | OTCQB: QUEXF | FSE: 458 31