Transition Metals Corp. · TSXV:XTM
Transition Metals — Investor Presentation (January 2026)
20 slides from Transition Metals's investor presentation, January 2026
Slide 1: Pike Warden
Pike Warden Emerging Epithermal Au-Ag/Porphyry Copper System XTM – TSXV | Project Presentation Q1 - 2026 1
Slide 2: Pike Warden Location
Pike Warden Location Underexplored Section of BC-Yukon Cordilleran WHITE DAWSON CITY GOLD • New polymetallic epithermal precious metal and porphyry copper EAGLE COFFEE discovery in Yukon, Pike Warden is located near the Yukon-BC CASINO CARMACKS KENO HILL border MINTO CATCH • Northwest of BC’s Golden
Slide 3: Pike Warden Story
Pike Warden Story New Polymetallic System - Giant Collapsed Caldera • On the northern margin of the Eocene Bennett Lake Caldera, WHITEHORSE one of the largest collapsed caldera structures in Canada SKUKUM • Favourable geodynamic environment for hosting large scale polymetallic epithermal Au-Ag and p
Slide 4: Multiple Polymetallic Zones
Multiple Polymetallic Zones High Grade Gold, Silver, Copper and Moly Mineralization SHOWINGS Precious Metals (Au, Ag) OLYMPUS Critical Metals (Cu, Mo) 2.4% Mo 2.91 g/t Au 0.5% Mo 832 g/t Ag 0.46% Mo 1.1% Mo COPPER NORTH 0.72% Mo 5.23% Cu from Cu North 48.1 g/t Au from Bonanza 11.8 g/t Au, 5.2% Cu, 3
Slide 5: Robust Data Sets
Robust Data Sets Helping to Highlight Patterns at System Scale • High resolution • Rocks & soils highlight Mapping and Sampling ASIG and Structure magnetics, VLF and elevated trends in Au, radiometric data plus Ag, Cu and Mo >600 line-km of ZTEM through over 1,800 and 8.8 km ground IP data points •
Slide 6: Remote Sensing
Remote Sensing High-Quality Base Layer Foundation Olympus Saddles Copper North Copper Junction Example of ZTEM system in use in central Nevada (Geotech, 2010) ERT Zone XTM:TSXV Map: Property area highlighting the different remote sensing data types. 6
Slide 7: Geology
Geology Enhanced Focus on Detail Elements • Fault structures, dykes and breccia bodies Areas of Prospective Alteration and Mineralization associated with Paleocene to late Eocene Olympus magmatic activity • Cut through Mid-Late Cretaceous-aged Whitehorse Suite and Eocene-aged Ruby Range rocks Saddle
Slide 8: Geochemistry
Geochemistry Porphyry Vectoring and SWIR Kaolinite-dickite-white mica index plotted with Cu grade. Olympus Saddles Copper North • 810 pulps analyzed using spectroscopy and aiSIRISTM (Terraspec). Cu grades above 0.5% plot in Copper Junction dickite field indicating hotter mineralization temperatures
Slide 9: Detailed Petrography Results
Detailed Petrography Results More Evidence of Prospective Alteration and Mineralization Key takeaways: • Evidence for high temperature, prospective alteration within this (grano)dioritic system. • Also have evidence for lower temperature, epithermal style mineralization. • Chlorite ± epidote ± titan
Slide 10: 2024 ZTEM Survey Results
2024 ZTEM Survey Results Highlight Large System Trends Total Magnetic Intensity Model 3D Conductivity Model Copper Junction Copper Junction XTM:TSXV 10
Slide 11: Current Compelling Evidence
Current Compelling Evidence For Five System Scale Targets Footprint Size Comparison • Widespread occurrences of high-grade Au-Ag Red Chris footprint: 787 Mt grading and Cu-Mo mineralization 0.29% Cu, 0.32 g/t Au • >30 polymetallic showings grading Casino footprint: 976 Mt grading 0.20% Cu, 0.24 g/t
Slide 12: Target Area: ERT Zone
Target Area: ERT Zone High Sulfidation Epithermal System • 42-metre hand trench excavated and chip sampled. • Trench mapped and sampled in detail to assess orientation of control structures on mineralization. • Trench averaged 53.4 g/t Ag • Including 7.80 metres grading 151.53 g/t Ag • Higher grade
Slide 13: Maiden Drill Program - 2022
Maiden Drill Program - 2022 Shallow RC Drilling to Assess Near-Surface Controls at ERT Zone • 16.76 metres grading 88.01 g/t Ag including 1.5 metres grading 468 g/t Ag in hole 22-PW-01 • 21.34 metres grading 91.43 g/t Ag including 1.5 metres grading 362 g/t Ag in hole 22-PW-02 • 12.19 metres grading
Slide 14: 2025 IP Survey Results
2025 IP Survey Results Refined and Supported ZTEM Targets • 8.9-line kilometres of ground IP OLYMPUS completed over six lines to cover portions of the Copper Junction and Copper North target areas, where topography allowed. COPPER • Elevated chargeability observed NORTH moving towards the Cu North s
Slide 15: Initial Diamond Drilling - 2025
Initial Diamond Drilling - 2025 Starting the Testing Process of Property Targets • Maiden diamond drill program completed in October 2025, limited program due to weather and budget. • 504 metres successfully drilled over two holes within the Copper Junction target area. • While no economic mineraliz
Slide 16: Copper Junction Drilling
Copper Junction Drilling Intersected Favourable Structures and Alteration • Different alteration assemblages observed, including more epidote-hematite +/- chlorite dominant, to clays, to epidote + k-spar. • Copper values increased moving away from Epidote stringers with potassium feldspar the major
Slide 17: Additional Diamond Drill Targets Defined
Additional Diamond Drill Targets Defined Large Epithermal Silver-Gold Target Area Defined at ERT 2022 ERT Drilling View Looking SW 954 g/t Ag (2023 Sampling) New (2023) ERT West Zone ERT Zone • RC drilling intersected 2 mineralized shear zones located 70 m south of major collapse structure. • Within
Slide 18: Next Steps
Next Steps 2026 Field Season and Beyond • Continue systematically evaluating these interesting areas on the property: some ready for exploratory drilling, others need more definition. • Further geochemical characterization of drillholes and expansion of project database through SWIR, petrography, Re
Slide 19: Forward-Looking Statement
Forward-Looking Statement Certain information contained in this presentation, includes information and statements which may contain words such as "could", "plans", "should", "anticipates", "expect", "believe", "will", “upcoming” and similar expressions and statements relating to matters that are not
Slide 20: Mitigating Risk. Multiplying Opportunities.
Mitigating Risk. Scott McLean HBSc., P.Geo. Multiplying CEO & Co-Founder smclean@transitionmetalscorp.com Opportunities. 9C – 1351 Kelly Lake Road Sudbury ON P3E 5P5 Telephone: 705-669-1777 Q1 2026 20
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