Purepoint Uranium Group Inc. · TSXV:PTU
Purepoint Uranium — Corporate Update (February 2022)
20 slides from Purepoint Uranium's corporate update, Feb 15, 2022
Slide 1: Corporate Update Q1-2022
Corporate Update Q1-2022 TSXV: PTU/ OTCQB: PTUUF www.purepoint.ca www.purepoint.ca Q4 - 2021
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Disclaimer The general information set out in this presentation regarding the uranium market, including but not limited to, the demand and supply of uranium, historical events that affected uranium pricing, the global state of the uranium market and other related informati
Slide 3: About Purepoint: 2021 Review and 2022 Outlook
About Purepoint Active Portfolio Across the Athabasca Basin OVERVIEW 2021 – A Preparatory Year as Uranium prices look to return to incentive levels • Equities see a re-rating coming into the year • Heightened capital investment in the sector • Increased development/exploration activity • Sprott Phys
Slide 4: Priority Projects - Initial Discoveries Ready for Follow Up
About Purepoint Active Portfolio Across the Athabasca Basin Priority Projects - Initial Discoveries Ready for Follow Up 1. Hook Lake JV Spitfire Deposit HK16-53 23.95% U3O8 over 4.2 metres incl. 53.3% U3O8 over 1.3 metres 2. Red Willow Osprey Zone RW-19 0.12% U3O8 over 4.0 metres; and RW-40 0.47% ov
Slide 5: Prices Moving in Tandem
About Purepoint Prices Moving in Tandem Toronto Listed Uranium Companies (27) % Price Changes Since Feb 1, 2021 (to Feb 11/22) Total Avg Stock Price Change Avg Spot U Change Producers (4) Developers (12) Explorers (11) Feb/21 Aug Feb/22 Feb/21 Aug Feb/22 Key Observations: Key Observations: ü Once SP
Slide 6: Prices Moving in Tandem
About Purepoint Prices Moving in Tandem Share Price Change Since Feb 1, 2021 Key Observations: ü April spike shortly after $5MM financing and commencement of new drilling ü Stock price very quickly moved back in line with tightly grouped industry averages ü Looking forward, PTU should continue to en
Slide 7: Capital Structure
About Purepoint Capital Structure Funded For Upcoming Exploration Schedule TSX Venture: PTU/ OTCQB: PTUUF Market Capitalization (as of February 14, 2022) $30.90mm 52 Week Range $0.195 - $0.075 Shares Outstanding 343.35 mm Options (@$0.09 weighted avg.) 29.00 mm Warrants (@$0.11 weighted avg.) 93.00
Slide 8: Deep Portfolio of Advanced and Highly Prospective Projects
Athabasca Basin Deep Portfolio of Advanced and Highly Portfolio Prospective Projects Since 2002, Purepoint has acquired and explored over 500,000 hectares of property across the Athabasca Basin, quickly and efficiently releasing those demonstrating the fewest prospects. What remains is a collection
Slide 9: Portfolio of Projects in the Athabasca Basin
Athabasca Basin Portfolio of Projects in the Athabasca Basin Portfolio 182,261 hectares covering all stages of the exploration cycle Umfreville 18,273 ha Turnor Lake 9,705 ha Carson Lake 4,972 ha Red Willow 40,116 ha Henday 1,029 ha Russel South 13,320 ha Smart Lake 9,800 ha Tabbernor Block • JebRav
Slide 10: Aggressive Exploration Work Underway
About Purepoint Aggressive Exploration Work Underway Exploration Pipeline High Level Plan subject to change based on seasonal weather conditions Project Q1 2022 Q2 2022 Q3 2022 Drilling Results Red Willow (up to 6,000 m) available Drilling Turnor Lake (up to 5,000 m) Carter Corridor Propose Hook Lak
Slide 11: Red Willow: A Host of Ready Targets
Red Willow Red Willow 100% owned A Host of Ready Targets Topping Island Golden Eye Zone CBA Zone Description: • 22 mineral claims having a total area of Osprey Zone 40,116 hectares • 100% Owned Geneva Lyon Lake Zone • 2022 Drill Program: Zone • Priority targets • Osprey Zone Dancing Lake Zones • Gen
Slide 12: Osprey Zone: Expanding the Discovery
Red Willow Osprey Zone 100% owned Expanding the Discovery Focus: • Osprey mineralization remains wide open to the East • Area covered by large uranium in soil anomaly • Osprey conductor untested for several km to the north Objective: • Determine if Osprey opens to a larger expanded deposit www.purep
Slide 13: Turnor Lake: Large Region of Elevated Uranium
Turnor Lake Turnor Lake 100% owned Drilling to Date Has Identified a Large Region of Elevated Uranium IsoEnergy’s Hurricane Zone 33.9% U3O8 over 8.5 m Purepoint IsoEnergy Denison ddh OD-1 0.06% U3O8 over 3.4 m Description: La Roque Showing • 9,706 hectares situated in the 29.9% U3O8 over 7.0 m easte
Slide 14: Turnor Lake: Serin Conductor Seismic Line
Turnor Lake Turnor Lake 100% owned Drilling to Date Has Identified a Large Region of Elevated Uranium Serin Conductor SEISMIC LINE SMDC 1985 Seismic survey interpreted a 150m thrust fault At the Serin Conductor (setting similar to MacArthur River Deposit) www.purepoint.ca 14
Slide 15: Hook Lake: A Major Exploration Project
Hook Lake A “Major” Exploration Project The Patterson Corridor is home to the largest uranium discoveries of this century, worldwide – NexGen’s Arrow Deposit & Fission’s Triple R Deposit Hook Lake Joint Venture 39.5% 21.0% 39.5% Operator www.purepoint.ca 15
Slide 16: Hook Lake
Hook Lake Purepoint’s Spitfire Deposit . • Resource not defined • Results include 10.3% U3O8 over 10.0 metres . . NexGen’s Arrow Deposit • 2018 PFS . • Indicated Resource • 256,600,000 lbs U3O8 • Avg Grade 4.03% U3O8 Fission’s Triple R Deposit • 2019 PFS • Indicated Resource • 102,360,000 lbs U3O8 •
Slide 17: Hook Lake & The Carter Corridor
Hook Lake & The Carter Corridor Clearwater Domain Significant Learnings Sabre • Geological Setting Dragon • Rock Type Hornet Geological Survey of Canada* • Heat from Clearwater Domain mobilized oxygenated uranium • Mobilized uranium found long lived, reactivated faults • Uranium precipitation began
Slide 18: Hook Lake & The Carter Corridor
Hook Lake & The Carter Corridor Clearwater Domain Significant Learnings Sabre • Geological Setting Dragon • Rock Type Hornet Geological Survey of Canada* • Heat from Clearwater Domain mobilized oxygenated uranium • Mobilized uranium found long lived, reactivated faults • Uranium precipitation occure
Slide 19: Hook Lake & The Carter Corridor
Hook Lake & The Carter Corridor Carter Corridor Clearwater Domain • 25km band of graphitic conductors Carter • Ideal Rock Type Corridor • Extremely close to hydrothermal heat source (Clearwater Domain) • Complex, long-lived faulting pattern 2008 Purepoint Drilling • Predates any Patterson discoverie
Slide 20: Contact
Contact www.purepoint.ca Chris Frostad, President & CEO Twitter @PurepointU3O8 E: cfrostad@purepoint.ca T: +1.416.603.8368 LinkedIn @Purepoint-Uranium Jeanny So, Corporate Communications info@jeannyso.com T: +1.647.202.0994 YouTube @Purepoint Uranium www.purepoint.ca 20
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