Moon River Moly Ltd. · TSXV:MOO
Moon River Moly — Investor Presentation (October 2026)
37 slides from Moon River Moly's investor presentation, October 2026
Slide 1: Davidson & Endako Projects
Davidson & Endako Projects British Columbia, Canada Corporate Presentation | October 2026
Slide 2: Disclaimer
Disclaimer Cautionary Note Regarding Forward-Looking Information This presentation contains certain forward-looking information and forward-looking set out in the Company’s regulatory filings and technical reports and the continuous statements, as defined in applicable securities laws (collectively
Slide 3: Davidson & Endako – Highlights
DAVIDSON & ENDAKO – Highlights DAVIDSON - Highest grade molybdenum deposit outside China High quality deposit, both in terms of environmental impact and operational efficiency Robust updated PEA Completed in February 2026 ENDAKO MOLY MINE SOARING DEMAND AND LIMITED SUPPLY Last pure molybdenum mine b
Slide 4: Management Team
MANAGEMENT Team IAN MCDONALD PAUL PARISOTTO LORNA MACGILLVRAY TONG YIN Chairman and Director President, CEO and Director Corporate Secretary Chief Financial Officer Founder of Blue Pearl Mining and Former Paul Parisotto, a seasoned executive Former in-house counsel for Thompson A Chartered Professio
Slide 5: Molybdenum Demand
MOLYBDENUM Demand A UNIQUE METAL MOLYBDENUM DEMAND 2022-2050 World Bank estimates only 2.5% growth to 2050 Demand consistently increases lbs Needed for both oil exploration and greening of the grid 4th highest melting temperature in nature Earned the designation of “Critical Mineral” by the Canadian
Slide 6: Molybdenum's Properties Feed Consistent Demand
MOLYBDENUM’S Properties Feed Consistent Demand MOLY DEMAND AS AN ALLOY WITH OTHER METALS, MOLY IMPARTS: CHEMICALS High strength at elevated temperatures STAINLESS 13% High thermal and electrical conductivity STEELS 25% FOUNDRIES 8% Low thermal expansion Mo-METALS 5% Simply put, molybdenum alloys mak
Slide 7: Molybdenum Indispensable for Modern Energy
MOLYBDENUM Indispensable for Modern Energy +2.6 BILLION LBS MO OR MORE THAN 100 MILLION LBS PER YEAR Expected to be consumed by 2050 due to demand for Mo by green technologies, mainly Wind Turbines and Geothermal. WIND TURBINES NUCLEAR POWER Wind energy is estimated to The new Bruce Nuclear plant in
Slide 8: World Molybdenum Production by Region
WORLD MOLYBDENUM Production by Region Source: International Molybdenum Association China accounts for greater than 50% of world production 8
Slide 9: Molybdenum Historical Data
MOLYBDENUM Historical Data Ten Year Historical Average Platts Metals Molybdenum Deal Oxide US Prices Three Year Historical Average Platts Metals Molybdenum Deal Oxide US Through December 31, 2025 Prices Through September 30, 2026 Source: Freeport-McMoran 2025 Annual Report. Prices in USD. Source: LM
Slide 10: Tungsten
TUNGSTEN Tungsten is a hard, rare and dense metal that is critical to modern industrial and defence applications due to its heat/corrosion resistance and high tensile strength. HISTORICAL GROWTH IN GLOBAL TUNGSTEN CONSUMPTION Source: International Tungsten Industry Association 10
Slide 11: Tungsten
TUNGSTEN China makes up 80% of the market share and its use in strategic applications ESTIMATED TUNGSTEN END-USE BY INDUSTRY Source: Industry Reports, International Tungsten Industry Association (2021), USGS 11
Slide 12: Tungsten
TUNGSTEN Rising geopolitical tensions (trade tensions, export controls,etc.) and ongoing conflicts (Russia-Ukraine, Middle East) are seeing demand from defence and aerospace continue to rise. GLOBAL DEFENCE SPENDING IS FORCAST TO CONTINUE TO RISE Source: World Bank, Stockholm International Peace Res
Slide 13: Tungsten
TUNGSTEN Tungsten is used throughout semiconductor manufacturing mainly as a deposited thin film for contacts/interconnectors, as well as in tooling and packaging. US HYPERSCALERS CAPEX – CONSENSUS FORECAST TRENDS Source: FactSet 13
Slide 14: Tungsten
TUNGSTEN Tungsten prices have historically been anchored to China’s production, exports and policy-driven curtailments given China’s~80% share of primary output and its dominant position in APT and powder processing. CHINA vs EU APT 88.5% PRICING Source: SMM 14
Slide 15: Davidson Updated PEA Highlights
DAVIDSON UPDATED PEA Highlights $1.034 Billion 20 Year 13.2 Million lbs Mo 1.5m lbs of Copper AFTER-TAX NPV MINE LIFE At an 8% discount rate and assuming a long- term molybdenum price of 334,000 lbs of Tungsten Based on 10,000 tonnes of mill $US22.50/lb Mo, $US4.06/lb Cu, $US13.60/lb throughput per
Slide 16: Davidson Updated PEA Highlights
DAVIDSON UPDATED PEA Highlights MEASURED AND INDICATED RESOURCES Potential Longer Mine Life 80.8M tonnes grading 0.304% MoS2, The break-even cut-off grade, excluding credits and 0.037% Cu from Cu & W revenue, is 0.11% MoS2, resulting in a potentially mineable M&I resource, in excess of 436 INFERRED
Slide 17: Davidson Mine Plan
DAVIDSON Mine Plan Underground mine and underground processing facilities All electric mining equipment minimizes the surface footprint resulting in very low carbon emitting operation Cost effective bulk mining 17
Slide 18: Hudson Bay Mountain
HUDSON BAY Mountain MOONRIVER Hudson Bay Mountain (ay =) Smithers DAVIDSON ORE BODY M&l RESOURCE 394M tonnes @ 0.15 MoS, aR NI 43-101 | September 2023 DUTHIE MINE (Ag, Zn, Pb) Mined on and off from 1922 to 1988, Existing workings over 2.1 km tunnels a
Slide 19: Davidson Resource Estimate
DAVIDSON Resource Estimate MEASURED MINERAL RESOURCES FOR MoS2 AND COPPER CUT-OFF GRADE TONNES GRADE GRADE GRADE CONTAINED CONTAINED MoS2 MoS2 %Mo %Cu Mo kg Cu kg >0.100 128,457,000 0.203 0.122 0.036 156,354,000 46,630,000 >0.110 118,655,000 0.211 0.127 0.037 150,180,000 43,546,000 >0.120 107,899,00
Slide 20: Davidson Resource Estimate
DAVIDSON Resource Estimate INDICATED MINERAL RESOURCES FOR MoS2 AND COPPER CUT-OFF GRADE TONNES GRADE GRADE GRADE CONTAINED CONTAINED MoS2 MoS2 %Mo %Cu Mo kg Cu kg >0.100 360,595,000 0.159 0.095 0.028 343,434,000 102,048,000 >0.110 317,987,000 0.166 0.100 0.029 316,568,000 90,626,000 >0.120 270,065,
Slide 21: Davidson Resource Estimate
DAVIDSON Resource Estimate MEASURED AND INDICATED COMBINED MINERAL RESOURCES FOR MoS2 AND COPPER CUT-OFF GRADE TONNES GRADE GRADE GRADE CONTAINED CONTAINED %MoS2 MoS2 %Mo %Cu Mo kg Cu kg >0.100 489,053,000 0.171 0.102 0.030 499,789,000 148,679,000 >0.110 436,642,000 0.178 0.107 0.031 466,748,000 134
Slide 22: Davidson Resource Estimate
DAVIDSON Resource Estimate INFERRED MINERAL RESOURCES FOR MoS2 AND COPPER CUT-OFF GRADE TONNES GRADE GRADE GRADE CONTAINED CONTAINED %MoS2 MoS2 %Mo %Cu Mo kg Cu kg >0.100 29,114,000 0.1504 0.0900896 0.0213 26,229,000 6,201,000 >0.110 24,995,000 0.158 0.094642 0.0204 23,656,000 5,099,000 >0.120 20,35
Slide 23: Davidson Resource Estimate
DAVIDSON Resource Estimate INFERRED MINERAL RESOURCES FOR WO3 CUT-OFF GRADE TONNES GRADE CONTAINED %MoS2 %WO3 WO3 kg >0.100 518,167,000 0.02989 154,880,000 >0.110 461,637,000 0.0301691 139,272,000 >0.120 398,323,000 0.0309749 123,380,000 >0.130 343,861,000 0.0315094 108,349,000 >0.140 294,987,000 0.
Slide 24: Endako 25% Participating Interest
ENDAKO 25% Participating Interest* Open-pit molybdenum mine and concentrator, located ~161 kilometres west of HIGHEST GRADE EXCELLENT Prince George, BC, placed on care and maintenance in July 2015. DEPOSIT JURISDICTION Infrastructure includes a 55,000 tons (50,000 tonnes) per day concentrator, Minin
Slide 25: Endako PEA Highlights
ENDAKO PEA Highlights $790 Million 10 Year Over 20.5 Million lbs AFTER-TAX NPV MINE LIFE MOLYBDENUM At an 8% discount rate and assuming a long- Based on 75,000 tonnes of mill ANNUAL AVERAGE PRODUCTION term molybdenum price of throughput per day or 27.3 million $US22.50/lb & CAD:US exchange rate of $
Slide 26: Endako PEA Highlights
ENDAKO PEA Highlights 335,700,000 tonnes Potential Project Enhancements @ 0.072% MoS2 Use of ore bucket sorting technology and ore particle sorting technology. MEASURED AND INDICATED MINERAL RESOURCE GRADING 2.2 Year 500 PAYBACK Employees 26
Slide 27: Endako Potential Economic Resources
ENDAKO Potential Economic Resources THE MINERAL RESOURCE ESTIMATE AT VARIOUS CUT-OFF GRADES ZONES MEASURED INDICATED MEASURED AND INFERRED RESOURCE RESOURCE INDICATED RESOURCE TONNES %MoS2 TONNES %MoS2 TONNES %MoS2 TONNES %MoS2 TOTAL >= 0.010 237,413,000 0.047 435,641,000 0.049 673,054,000 0.048 164
Slide 28: Endako Ore-Sorting Positive Results
ENDAKO Ore-Sorting Positive Results • Ore sorting is a mineral pre-concentration process that uses sensors to identify and separate economically valuable rock from non-valuable material based on physical or chemical properties, improving the grade of ore feed to processing plants. • Benefits of ore
Slide 29: Endako XRT X-Ray Ore-Sorting Technology Results
ENDAKO XRT X-Ray Ore-Sorting Technology Results The XRT X-Ray sorting technology results from the HPY study on a 50-kg sample from the Endako Mine indicate approximately 88.6% metal retention and approximately a 40% rejection rate (waste). The table below shows the initial HPY results for the XRT so
Slide 30: Endako Photon Series Sensor Results
ENDAKO Photon Series Sensor Results Photon Series Sensor imaging technology sorting test work indicated approximately 80.7% metal retention and a rejection rate of approximately 79.4%. The following table shows the results for this test work. Ore category Yield% Mo Grade % Mo Metal Distribution Rate
Slide 31: Solid Corporate Structure
SOLID Corporate Structure Capitalization Initially Issued Common Shares 11,960,000 Issued to Generation Miningto Acquire Davidson Property 9,000,000 Financing Oct. 2023@ $0.25 12,000,000 Exercise of Broker Warrants @ $0.25 336,280 Financing Feb. 2026 @ $0.85 4,246,716 Total Common Shares Issue
Slide 32: Contact
100 King Street West, Suite 7010, PO Box 70 Toronto, ON M5X 1B1 CONTACT Ian McDonald Paul Parisotto imcdonald@moonrivermoly.com pparisotto@moonrivermoly.com www.moonrivermoly.com
Slide 33: Appendix
APPENDIX www.moonrivermoly.com
Slide 34: Highest-Grade Mo Deposits
HIGHEST-GRADE Mo Deposits 1) At present, Freeport McMoran’s OWNER TYPE DEPOSIT GRADE Mo% STATUS Climax and Henderson mines account for the entire primary New Moly Open Pit Kitsault 0.083 Development global molybdenum production outside of China New Moly Open Pit Mt. Hope 0.07 Development 2) The Shap
Slide 35: Molybdenum: Supply from New Copper Mines and Expansions Will be Limited
MOLYBDENUM Supply from New Copper Mines and Expansions will be Limited PROJECT COMPANY Mo% Mo/YEAR LOCATION TIMELINE TOP 26 STARTUPS OR Kamoa Kakula Ivanhoe 0 0 DRC 2023 EXPANSIONS 2023 Tampakan Indophil 0 0 Phillipines Unknown Amounts which are estimated by Moon River El Pachon Glencore 0.012 20M 1
Slide 36: Endako: Details of Acquisition
ENDAKO: Details of Acquisition Moon River BC is the holder of a 25% participating interest in the Endako Mine Complex pursuant to an exploration, development and mine operating agreement dated as of June 12, 1997 (the “JVA“) entered into between Moon River BC and Thompson Creek Mining Ltd. (now Thom
Slide 37: Contact
100 King Street West, Suite 7010, PO Box 70 Toronto, ON M5X 1B1 CONTACT Ian McDonald Paul Parisotto imcdonald@moonrivermoly.com pparisotto@moonrivermoly.com www.moonrivermoly.com
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