Clinch Resources Ltd. · TSX:CLCH
Clinch Resources — Investor Presentation (March 2026)
28 slides from Clinch Resources's investor presentation, Mar 26, 2026
Slide 1: Investor Presentation
LTD Tr a n s f o r m i n g C a r b o n t o E m p o w e r G l o b a l I n n o v a t i o n TSX: CLCH I n v e s t o r P r e s e n t a t i o n M a r c h 2 0 2 6
Slide 2: Disclaimer
2 Disclaimer March 2026 Clinch Resources This presentation is for informational purposes only and does not constitute an offer or a solicitation of an offer to purchase any securities. Forward-Looking Statements Certain information set forth in this presentation contains “forward-looking statements”
Slide 3: About Us
3 March 2026 Clinch Resources About Us Clinch Resources Ltd. is a West Virginia-based metallurgical coal mining company with its corporate office located in Knoxville, Tennessee and operations in West Virginia. The Company will supply high quality coking coal to steel-based manufacturing facilities
Slide 4: Corporate Structure
4 Corporate Structure March 2026 Clinch Resources Clinch Resources Ltd. (Canada) Arrow Resources, Ltd. (Australia) 100% Active Resources, Inc. (USA) 100% Aster Aster Resources, JJ Resources, Inc. Catalyst JV VCP Resources Inc. Inc. 39% 50% 30% 100% 100% ARI Project ARI REE and (West Virginia) Critic
Slide 5: Why Met Coal?
5 Why Met Coal? 1 March 2026 Clinch Resources Used To Produce Coke, The Primary Source Of Carbon Used In Steelmaking • Metallurgical coal is essential for integrated steelmaking — no substitutes currently exist • Unlike thermal coal, currently it cannot be replaced by natural gas or renewables • Int
Slide 6: Met Coal: A U.S. Defined Critical Mineral
Met Coal 6 March 2026 Clinch Resources A U.S. Defined Critical Mineral 1 Summary of Legislated Spending for Critical Minerals November 2025: Added to List of 60 2025 ‘One Big National Defense Stockpile Industrial Base Fund Distinct Critical Minerals Beautiful Bill’ Act Purchases US$2B to + Defense C
Slide 7: ARI Projects: Asset Overview
ARI Projects: Asset Overview 7 March 2026 Clinch Resources Estimated measured and indicated mineral resource of approx. 111 Million Tons over 54,000 Acres Description Permitting Property of 6 leased tracts totaling 53,977 acres. Potential Permitting complete for surface operations at Lanes Branch &
Slide 8: ARI Projects: Asset Overview
8 ARI Projects: Asset Overview March 2026 Clinch Resources Estimated measured and indicated mineral resource of approx. 111 Million Tons over 54,000 Acres 2026 PFS Mine Economics Project Map Total Throughput M tons 22.2 (L.O.M.) Life of Mine Yrs 23 Average Annual Production tons 963,000 Grade Type M
Slide 9: ARI Projects: On-Site Infrastructure
ARI Projects: 9 On-Site Infrastructure March 2026 Clinch Resources Existing Operational Infrastructure Significantly Shortens Restart Timeline ARI Wash Plant ARI Load Out Facility • Active since restart in 2022, currently processing material • Strategically located nearby and serviced by Norfolk fro
Slide 10: ARI Projects: Mineral Reserves & Resources (2025)
10 ARI Projects: March 2026 Clinch Resources Mineral Reserves & Resources (2025) 22.1 Mt Proven and Probable Reserve with Extension Potential via estimated measured and indicated mineral resource of ~111 Mt of Met Coal and Defined Exploration Targets Mine/ Total Measured & Indicated Proven plus Mine
Slide 11: JJ Resources Inc: Asset Overview
11 JJ Resources Inc: Asset Overview March 2026 Clinch Resources Fully-Permitted Sewell Mountain Mid-Vol Metallurgical Coal Mining Complex Description JJ Resources owns 100% of the Sewell Mountain underground coal project in Fayette County, West Virginia. The property covers 23,904 acres and hosts th
Slide 12: JJ Resources Inc: Asset Overview
12 JJ Resources Inc: Asset Overview March 2026 Clinch Resources Historic Mineral Reserves and Measured and Indicated Resources Historic Reserve Summary Category Tons (000s) Contribution Source: Based on the historical, 2017 Pre- Proven 10,091 61.7% Feasibility Technical Report on the Coal Resource P
Slide 13: Aster Resources, Inc.
13 March 2026 Clinch Resources Aster Resources, Inc. Aster was established to support the metallurgical coal asset by extending it into a broader industrial materials platform focused on supply reliability for carbon-dependent industries. Anchored by Clinch’s low-cost, high-quality metallurgical coa
Slide 14: ARI REE & Critical Minerals
14 ARI REE & Critical Minerals March 2026 Clinch Resources Strategic Secondary Asset: Rare Operational and Financial Earth Reserves in Historic Tailings Enhancements • Represents a defined and economically viable resource, • Boosts overall asset productivity by enhancing Clinch Resources’ long-term
Slide 15: Virginia Carbon Products, LLC (VCP)
Virginia Carbon Products, LLC 15 March 2026 Clinch Resources (VCP) 30% Owned Sustainable Carbon Solutions • Patented raw material preparation process • Low-ash carbon (<5% ash), metallurgical-grade coal, and biochar from renewable waste wood/plant fiber • Replaces fossil fuel-derived carbon inputs i
Slide 16: Upcoming Momentum
16 Upcoming Momentum March 2026 Clinch Resources ARI Project - 2026 Management Guidance2 Coal Production 1.094 Mst SG&A $8.8M Coal Sales 1.094 Mst Interest Expense $1.6M Cash Cost of Sales1 $86 - $90 / St Effective Tax Rate 2% Capital Expenditures $16.7M Expected Development Timeline 2026 2027 Q1 Q2
Slide 17: Market Overview
17 Market Overview March 2026 Clinch Resources Seaborne Coal Market Deficit to Widen 3 Met Coal Macro Bull Case Market Expansion The global met coal market was estimated at USD 94.1 billion in 2024 and is projected to reach USD 128.4 billion by 2030, growing at a CAGR of 4.8% from 2024 to 2030. Grow
Slide 18: Management Team
18 Management Team March 2026 Clinch Resources Jon Nix Brett Young Robert Gaylor CEO & Dir. CFO, Corporate Secretary & Dir. EVP, IR • Fourth-generation coal • Former Managing Director, • Former EVP of Xinergy Ltd. miner with 25+ years of Globe Specialty Metals (now and senior executive at executive
Slide 19: Highlights: Clinch Resources
19 Highlights: Clinch Resources March 2026 Clinch Resources Near-Term Low-Cost Metallurgical Coal Producer in West Virginia with Scale High Quality Coal Low Cost, Near-Term Production Reserves North American Producer with Scale Targeting high quality mid-vol, high- ARI and Sewell are expected to Pla
Slide 20: Highlights: Clinch Resources
20 Highlights: Clinch Resources March 2026 Clinch Resources Near-Term Low-Cost Metallurgical Coal Producer in West Virginia with Scale Existing Proven, Experienced Constructive Market Infrastructure Management Conditions Strategically located infrastructure Recognized leaders in US coal sector High-
Slide 21: Investor Relations Contact
LTD Tr a n s f o r m i n g C a r b o n t o E m p o w e r G l o b a l I n n o v a t i o n Investor Relations Contact TSX: CLCH Company Contact https://clinchresources.com/ Skyline Corporate Bobby Gaylor Communications Group, LLC EVP Investor Relations Scott Powell, President (865)-310-2353 1177 Avenu
Slide 22: Appendix
Appendix
Slide 23: Low-Cost, Production Ready Asset, Poised for FCF Yield
23 Low-Cost, Production Ready March 2026 Clinch Resources Asset, Poised for FCF Yield ARI Project JJ Resources 39% of JJ Resources ▪ ~53,977 acres across the Hampden & Lanes ▪ PFS estimated LOM cash costs of $90/t1 ▪ JJ Resources controls ~23,904 acres across Branch Properties, with extensive drill
Slide 24: Board of Directors
24 Board of Directors March 2026 Clinch Resources ▪ Founded Xinergy Ltd. in 2008 and subsequently took the company public in December 2009 through an RTO Jon Nix transaction of Greenwich Global Capital Inc. (a Canadian capital pool company) and a concurrent C$66.5M offering of CEO & Director subscri
Slide 25: Table 1-1: Coal Resources Summary
25 March 2026 Clinch Resources Table 1-1: Coal Resources Summary Source: 2025 ARI Technical Report
Slide 26: March 2026 Clinch Resources
26 March 2026 Clinch Resources
Slide 27: Indicative Capital Structure - Clinch Resources
27 Indicative Capital Structure - March 2026 Clinch Resources Clinch Resources Total Shares Outstanding 355,317,909 Shares Held By Insiders 34,102,549 Options and Warrants 34,308,723
Slide 28: Additional Disclaimers
28 Additional Disclaimers March 2026 Clinch Resources Scientific and Technical Information All scientific and technical information relating to the ARI Project is based on and derived from the Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) technical
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