Slide 1: Firepoint Energy
All rights reserved to Firepoint Energy Inc The content of the deck is protected by copyright under U.S. Copyright laws Firepoint Energy Generating Energy, Hydrogen Recovering Rare Earth Minerals, and Eliminating Pollution, One Waste Coal Pile at a Time JULY 2024 CONFIDENTIAL: DO NOT SHARE
Slide 2: Converting waste coal into clean-burning jet fuel, clean power, and rare earth minerals
• Converting waste coal into clean-burning jet fuel, clean power, and rare earth minerals, which are vital to national security. • The initial site in Pennsylvania will cost $257 .8 million to build and launch • Equipment Expected Working life 30 plus years. • PRIVATE OFFERING PITCH DECK • For accre
Slide 3: $5 Million Seed Round and $100 Million Follow-On Round
$5 Million Seed Round Three-year convertible note @ 12%. Converts to Preferred Stock or cashed in at the end of the three-year period. Proceeds used to hire small staff, begin engineering for a 250-ton-per-day plasma gasifier, deposits on several sites that have been located, initial permitting proc
Slide 4: Funding Sources to Complete Plant Development
FUNDING SOURCES TO COMPLETE PLANT DEVELOPMENT Department of Energy Loans Program Office We intend to obtain a loan from the DOE and other sources in order to complete the waste-coal-to-jet-fuel plant The DOE seeks to support the production of synthetic jet fuels from waste streams, and the mining an
Slide 5: Firepoint Energy Inc's Mission
Firepoint Energy Inc’s Mission Leverage abandoned waste coal piles to produce clean, sustainable energy, and to extract rare earth minerals that are critical to our nation’s security. Produce Sustainable Aviation Fuel (SAF) Eliminate Waste Coal PIles Generate Renewable Power Prevent GHG Emis
Slide 6: Key Markets
Key Markets Waste Coal Piles SAF Critical Minerals Significant growth demand for Many states are littered with 2030 incentives/mandates and critical minerals for Defense use abandoned coal mines, which growing demand have left behind mountains of • Today, there is mounting waste coal that emit Acid
Slide 7: The Waste Coal Problem
The Waste Coal Problem States in the traditional coal-mining regions possess mountains of waste coal — often weighing tens of millions of tons — that leak toxins for decades. Waste coal piles are the nation’s largest source of acid mine drainage Acid mine drainage is acidic water that flows from min
Slide 8: The Waste Coal Problem (Cont'd)
The Waste Coal Problem (Cont’d) In October 2015, the Office of Surface Mining (OSM) estimated that there were 48,529 abandoned coal mines in the United States In Pennsylvania, Firepoint Energy has located separate waste coal sites containing 8 million, 15 million, 10 million, 75 million, 90 million,
Slide 9: Waste coal tested across Pennsylvania regions
We have tested WESTERN MID EASTERN multiple waste coal PA piles in the three PA PA major coal seams in Pennsylvania The tests were for Rare Earth Minerals, Alumina, Lithium, and BTUs.
Slide 10: Initial Site Development - Pennsylvania
Initial Site Development - Pennsylvania Site #1 - 8 million tons: • 15.4 million gallons of SAF per year • 8 MW of continuous power Two Waste coal piles on one • Rare Earth Concentrate Production site. 8 million tons in Pile 1 • Estimated Year 1 Revenue of ~$120,442,678 15 million tons in Pile 2 ~20
Slide 11: What is the quantity of rare earth minerals in waste coal?
What is the quantity of rare earth minerals in waste coal? The site located in Ringgold Township Pennsylvania has one pile with eight million tons in place, and the other pile a few hundred feet away which contains 15 million tons of waste coal that we can mine concurrently. Our projections are base
Slide 12: Lab Testing Has Shown
LAB TESTING HAS SHOWN Alumina is the most abundant metal in each of the waste coal piles we tested. They often contain hundreds of millions of dollars worth of Alumina to make aluminum . There is also an abundance of : • Lithium • Neodymium • Scandium • Cerium • Lanthanum • Yttrium at the waste coal
Slide 13: Rare Earth — Key Applications
Rare Earth — Key Applications eee) | sso 27 CoG. Ly ZZ Ls Computer Hard Drives Display phosphors - CRT, LPD, LCD NimH Batteries Petroleum Refining Disk Drive Motors Fluorescent Lighting Fuel Cells Catalytic Converter Anti-Lock Brakes Medical Imaging Steel Fuel Additives Automotive Parts Lasers Super
Slide 14: Value of Rare Earth Minerals in the 8-million-ton site
Value of Rare Earth Minerals in the 8-million-ton site DOR-PA-1 8 Million Tons TOTAL ESTIMATED VALUE Refuse Coal Report 8 M Ton kg low (oxide) mid-range (metal) high (metal) mg grams Total Yield (tons) Elements mg/Kg kg Refuse Coal yield $/kg Total Supply $/kg Total Supply $/kg Total Supply Cerium (
Slide 15: Site CAPEX and OPEX
SITE CAPEX AND OPEX EQUIPMENT CAPEX TO PROCESS WASTE COAL ON SITE GASIFIERS NEEDED GASIFIER NEED / COST Tons Tons per year Ton Per Day Gasifiers Needed Gasifier Cost Power Need MW Plant Cost 8,000,000 266,667 731 15 $ 65,753,425 3 Gasifiers $ 65,753,425 Years to Process GTL Plant $ 130,593,607 30 RE
Slide 16: Financials
FINANCIALS Year 2024 2025 2026 2027 2028 2029 2030 Total CONSOLIDATED P&L SITE CAPEX Revenue Dora 8M ton Alumina $ - $ 7,747,096 $ 15,494,192 $ 15,494,192 $ 15,494,192 $ 15,494,192 $ 15,494,192 $ 85,218,056 $ 261,040,765 REE $ - $ 13,971,567 $ 27,943,134 $ 27,943,134 $ 27,943,134 $ 27,943,134 $ 27,9
Slide 17: The Processes
WASTE COAL / GOB/ BONEY/BREEZE THE PROCESSES SYNGAS CONVERTED INTO JET FUEL Plasma Gasifier produces clean Clean Burning Syngas Jet Fuel (SAF) Syngas to power turbines for energy Power for homes, industry, data mining, AI, BTC Waste Coal ground into mining fine powder Supply Critical Reclaim Rare Ea
Slide 18: Hydrogen
WASTE COAL / GOB/ BONEY/BREEZE HYDROGEN Pressure Swing Absorption Processes Plasma Gasifier produces clean Syngas Clean Hydrogen Syngas to power turbines for energy Clean Hydrogen Supply Critical minerals for National Security Acid Mine Drainage
Slide 19: Rare Earth Mineral Processing Is a Proven Technology
Rare Earth Mineral Processing Is a Proven Technology While China controls over 80 percent of the world’s rare earth mineral processing plants and technologies, there are companies in the U.S. and other nations that are stepping up to take a portion of this business away from China. Fulcrum Bioenergy
Slide 20: Financials: Dora Site Development Spend
Financials: Dora Site Development Spend Funding Deployment Timeline Itemized Development Spend Cost Ea. Total Cost ($ in millions) Plasma Gasifiers (15x) $4,500,000 $65,500,000 500-Barrel-per-Day GTL System (2x) $65,000,000 $130,000,000 8 MW Power Turbine $4,000,000 $4,000,000 Rare Earth Proceeing P
Slide 21: Financials: Outputs & Revenue
Financials: Outputs & Revenue Year 1 Annual Output Once Site is Live Estimated Year 1 Revenue(1) 15.4 mm Gallons of Sustainable Aviation Fuel ($5.00 per gallon) $77,000,000 Rare Earth Minerals, Aluminum, Lithium, Molybdenum $43,437,326 148,000 Tons(of CO2 Credits (@$41.7/ton $6,171,600 Total Revenue
Slide 22: The Dora Site Opportunity
The Dora Site Opportunity Site #1 (Initial Site): • Funding Raise: ~$100mm ($261mm total project cost) Implied Valuation Build: ($ in millions) (Balance through secondary offering or DOE loans) • Year 2 Revenue: ~ $120mm Year 1 EBITDA: Asset Value: ~$257mm C ~$75.4mm(1) • Year 2 Cash OpEx: ~ $723mm
Slide 23: The Investment Opportunity
The Investment Opportunity Current Ownership Structure (Pre-Growth Funding Raise, Pro Forma for New Employee Growth Funding Round and Advisor Common Equity Allocations) • Investment Type: 12% Convertible Note • Pre-Money Valuation: TBD(1) ❖ Total Raise: US$100mm ❖ Lead Investor: US$ 5-10mm+ $100 mil
Slide 24: Why Us & Why Now
Why Us & Why Now Growing Market for the Outputs ∆ The SAF market is lucrative and growing rapidly, with incalculable growth potential. ∆ Rare Earth Minerals are now a national security concern to the U.S. Federal Government. National defense requirements, shifts toward electric vehicles, and a boomi
Slide 25: Management Team
Management Team Ian Douglass Shannon Doyle Shelly Befumo Bill Smith Senior VP/CCO Business Development Officer CFO President/CEO, Chairman Firepoint Energy Firepoint Energy Firepoint Energy Ms. Befumo is a corporate finance Shannon Doyle is a retired CPA executive with more than 20 years of Ian Doug
Slide 26: Board of Directors
Board of Directors Bill Smith Dale Rasmussen Chairman Board of Directors Firepoint Energy Dale Rasmussen has 30 years of experience in Bill Smith has several decades of experience clean tech, alternative energy, and banking. He was building and leading a wide range of businesses a founding member of
Slide 27: Thank You.
Firepoint Energy All rights reserved to Firepoint Energy The content of the deck is protected by copyright under U.S. Copyright laws Thank You. Firepoint Energy Inc www.firepoint.energy 307-225-9832