High Tide Resources Corp. · CSE:HTRC
High Tide Resources — Investor Presentation (May 2026)
19 slides from High Tide Resources's investor presentation, May 1, 2026
Slide 1: Leading the Green Steel Value Chain
Investor Presentation May 2026 Leading the Green Steel Value Chain Direct Reduced Iron Pellets Reducing CO2 emissions from steel production by up to 70% Fully Funded for 2026 Labrador West Iron Ore Project Development www.hightideresources.com CSE: HTRC www.hightideresources.com 1
Slide 2: Cautionary Statement
Cautionary Statement All statements included in this presentation, other than statements of historical fact, including, without limitation, statements regarding mineralization and resources, exploration results, and future plans and objectives are forward-looking statements (as used in applicable se
Slide 3: Iron Ore: The Backbone of Modern Industry
Iron Ore: The Backbone of Modern Industry Image Credit: Visual Capitalist www.hightideresources.com CSE: HTRC www.hightideresources.com 3
Slide 4: Project Location: Labrador Trough
Project Location: Labrador Trough Oceanic Iron Ore (FEO: TSX-V) • Market Cap. ~$225M CAD • No infrastructure (no power, rail or port) Iron Bear Resources (IBRP: ASX) • Market Cap. ~$50M AUD • Vale to spend $120M for a 75% interest • Limited Infrastructure High Tide Resources (HTRC: CSE) • Market Cap
Slide 5: Labrador City: Kami Project Valued at USD$500M
Labrador City: Kami Project Valued at USD$500M Ontario www.hightideresources.com CSE: HTRC www.hightideresources.com 5
Slide 6: What Makes Labrador West So Special?
What Makes Labrador West So Special? Infrastructure Advantage ➢ A unique location with the highest concentration of iron ore, and very low-cost green hydroelectric power, in the world ➢ The southern Labrador Trough is home to four operating iron mines and has been producing high-quality iron ore con
Slide 7: A Compelling Investment Opportunity
A Compelling Investment Opportunity High Tide Resources: Listed Q1 2022 on Canadian Securities Exchange (CSE: HTRC) ✓ Share Structure with only 120 M shares outstanding – with ~50% ‘tightly held’ ✓ High Tide is the only publicly traded junior in the southern Labrador Trough with an iron ore project
Slide 8: Canada's Premier Iron Ore Camp: The Southern Labrador Trough
Canada’s Premier Iron Ore Camp: The Southern Labrador Trough ➢ Labrador Trough: A world-class iron ore district with over 60 years of profitable operations; over 2 billion tonnes Fe produced ➢ Carol Lake Mine - Labrador (2024 – 17.3 million tonnes production) • IOCC – Rio Tinto, Mitsubishi, LIORC ➢
Slide 9: Infrastructure Advantage: Access to Rail/Power/Port
Infrastructure Advantage: Access to Rail/Power/Port ➢ QNS&L Railway is a common carrier federally regulated railway - common carrier designation allows for multiple users – no exclusivity allowed ➢ Capacity is ~60 to 80 MTPY – currently ~40 MTPY in use ➢ Abundant low-cost, renewable, hydroelectric p
Slide 10: Asset: Labrador West Deposit - Maiden Mineral Resource Estimate
Asset: Labrador West Deposit - Maiden Mineral Resource Estimate Type Resource Category Tonnes (millions) Total Fe (%) Defined Pit Shell Inferred 654.9 28.8 ➢ Maiden Resource in 2023 and analytical work indicates high grade sale product may be produced as a DR-quality concentrate/pellet = 67 to 70% F
Slide 11: Next Steps: Labrador West Project Development Plan 2026
Next Steps: Labrador West Project Development Plan 2026 ➢ Drilling ➢ Infill, step out and exploration drilling ➢ 5,000 to 7,500 m of HQ core ➢ Grow resource to ~ 1 Billion tonnes ➢ Upgrade resource categories ➢ Test new targets to the NE ➢ Metallurgical Test Work ➢ Ongoing testwork at SGA in Germany
Slide 12: Value: Iron Ore & Iron Products to Steel
Value: Iron Ore & Iron Products to Steel There are three iron ore products that are put into or charged into a blast furnace or direct reduced/hot briquetted iron furnace: ➢ Pellets – iron ore concentrate or ultrafines (<0.15mm) that are agglomerated and fired into round balls (~12-15 mm in diameter
Slide 13: Primary Markets: US, Canada, Europe, MENA & Asia
Primary Markets: US, Canada, Europe, MENA & Asia Port of Sept Isles ➢ Tide-water access from Port of Sept Isles allows for low-cost shipping to the Canadian and US Steel markets as well HTRC’s Initial Target Market as Europe, MENA and Asia ➢ USA produces ~80-85 million tonnes of steel but also impor
Slide 14: Directors & Management
Directors & Management Experienced Team Jean-Francois Meilleur, BBA Jean-François Meilleur graduated from HEC Montréal in 2003 with a bachelor’s degree in finance. He Chairman is a Managing Director at P.E. Partners, a small-cap Capital Market boutique. In that role, he has worked with dozens of ent
Slide 15: HTRC: Share Details
HTRC: Share Details Share Structure (May 1, 2026) Avidian Gold 14.84 M Altius (Lab West option & financing) 15.92 M Management, Directors & Insiders 45.8 M Total - Basic Shares Outstanding 120.18 M Market Cap (CAD million) ~$35.0 Cash (CAD million) $7.5 Warrants (Weighted at ~$0.27) 21.27 M Options
Slide 16: Contacts
Are You Invested in the Low-Carbon Future? CONTACTS Steve Roebuck P.Geo Director & CEO Phone: +1 905 741-5458 sroebuck@hightideresources.com Michael T. Zurowski P.Eng Executive Vice President Phone: +1 416 357-9753 mtz@hightideresources.com Website: www.hightideresources.com www.hightideresources.co
Slide 17: What Are Direct Reduced Iron Quality Pellets?
What Are Direct Reduced Iron Quality Pellets? ➢ Iron ore from the southern Labrador Trough is mined from the ground at 26 to 36% Fe ➢ Iron is then processed (beneficiated) to a 65-69% Fe concentrate ➢ Concentrate is reground (<100 micron) then made into a pellet (upper left image) ➢ DR quality iron
Slide 18: Steel Making Processes
Steel Making Processes ➢ Shaft Furnace DR Process is proven with Natural Gas and Hydrogen; but requires DR Quality Iron Ore Pellets ➢ DRI-HBI Production and EAF Steel Expansion requires DRI Raw Materials input, specifically DR Quality Iron Ore Pellets. ➢ Limited Raw Materials have been a barrier to
Slide 19: DR Merchant Pellet Specifications (3rd Party Sales)
DR “Merchant” Pellet Specifications (3rd Party Sales) DRI Pellets - circa 2016 DR Quality Specifications Target - Max/Min. Merchant Chemistry % QCM_AMMC Samarco LKAB_KPRS VALE_Tubarao VALE_Carajas VALE_Oman IOC Acceptable Preferred Fe 67.70 67.90 67.90 67.90 67.20 67.75 67.00 67.00 67.50 FeO 0.81 0.
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