Eranova Metals Inc. · TSXV:NOVA
Eranova Metals — Investor Presentation (March 2026)
27 slides from Eranova Metals's investor presentation, March 2026
Slide 1: EraNova Metals Corporate Presentation March 2026
Corporate Presentation March 2026 Development-Stage Molybdenum + District-Scale Multi-Metal Discovery EraNova Metals One Property. Two Paths to Value Creation. TSXV: NOVA OTCQB: STXPF TSXV: STU OTCQB: STXPF WKN: A2PLBV
Slide 2: Cautionary Statements
Cautionary Statements This presentation contains “forward-looking statements” and “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements in this presentation that are not historical facts are forward-lookin
Slide 3: Dual Value Proposition. Clear Re-Rate Opportunity.
Dual Value Proposition. Clear Re-Rate Opportunity. DEVELOPMENT SCALE + EXPLORATION UPSIDE WITH TIGHT STRUCTURE, $40M+ SPENT TO DATE ON PROPERTY ADANAC MOLYBDENUM PROJECT ATLIN DISCOVERY PROJECT (Development Potential) (Exploration -Blue Sky Upside) *433M lb 15+km (M&I) Molybdenum Resource Mineralize
Slide 4: Deep Discount to Peers – PEA Targeted May 2026
Deep Discount to Peers – PEA Targeted May 2026 Trading at ~C$0.025/lb Mo in the ground PEA targeted May 2026 to evaluate development pathway Peer molybdenum developers ~C$0.04–C$0.45/lb Mo Current valuation reflects molybdenum only; excludes 433M lb M&I molybdenum resource at Adanac silver, gold and
Slide 5: Molybdenum Uses: Why It's Critical
MOLYBDENUM USES WHY IT’S “CRITICAL” Strengthens steel for pipelines, turbines, and Essential in clean energy defense tech – used in 7 of 9 World Bank–defined technologies Critical in offshore wind turbines (130 kg/MW) Not primary product - ~90% of global supply comes from copper by-product Essential
Slide 6: Share Capital Structure
Share Capital Structure Insiders and Management 34% * Eric Sprott 11.2% shareholder Ticker TSXV: STU | OTCQB: STXPF Common Shares 51,388,410 Options 4,080,000 Warrants $0.18-0.60 10,526,565 Fully Diluted 65,994,975 – As of February, 2026 Retail & Public 66% 6 TSXV: NOVA | OTCQB: STXPF
Slide 7: Ruby Creek Property
Ruby Creek Property Atlin, British Columbia, Canada ‹#› TSXV: STU | OTCQB: STXPF
Slide 8: Development-Ready & Discovery Rich
Development-Ready & Discovery Rich Ruby Creek: A Dual-Asset Platform in BC DEVELOPMENT-STAGE MOLYBDENUM HIGH-GRADE EXPLORATION UPSIDE 433M lb Molybdenum (M&I) 7 mineralized zones across 15km structural BC Mines Act permit (care & maintenance) corridor Hole AD-417: 45m of 0.23% Mo at depth (open) Tie
Slide 9: Ruby Creek: Molybdenum Deposit
Ruby Creek Ruby Creek: Molybdenum Deposit Large-Pit Constrained Resource 433M lbs molybdenum (measures & indicated) Grade: 0.053% Mo Defined within an open pit shell at US $15/lb BC Mines Act permit in care and maintenance Expansion Potential Hole AD-417:45m @0.23%Mo at bottom of hole Deposit remain
Slide 10: Ruby Creek Exploration: Highly Mineralized District-Scale System
Ruby Creek Ruby Creek Exploration Highly Mineralized District-Scale System 7 mineralized zones across a large intrusive system 15+ km structurally controlled mineralized corridor High-grade gold, silver, copper & tungsten showings across multiple zones Multiple drill-ready targets along a proven min
Slide 11: Ruby Creek: Multi-Mineral Upside: Gold & Silver
Ruby Creek Ruby Creek: Multi-Mineral Upside: Gold & Silver 7 mineralizes zones 15+ km structural corridor with confirmed strike extensions Silver Surprise: 1585 lb surface mini bulk sample Graded 4,200 g/t Ag, confirming very high-grade silver at surface Gravity separation recovered 15% of contained
Slide 12: Ruby Creek Engine: The Surprise Lake Batholith
Ruby Creek Ruby Creek Engine: The Surprise Lake Batholith The Ruby Creek property hosts a district-scale, structurally controlled, intrusion-related mineral system driven by the Surprise Lake Batholith. Climax-style molybdenum porphyry at the intrusive core Metal zonation outward: tungsten, then bro
Slide 13: High-Grade Gold-Silver Vein
High-Grade Gold-Silver Vein Announced March 2026 Lakeview Target Grab samples up to 257 g/t Au and 3,660 g/t Ag (same sample) Additional high-grade sample of 113.1 g/t Au and 2,202 g/t Ag 15 samples >1 g/t Au 10 samples >100 g/t Ag Subparallel, sub-vertical quartz-carbonate veins Surface expression
Slide 14: Silver Surprise: High-Grade Silver
Silver Surprise: High-Grade Silver 1585 Mini Bulk Sample Results Announced December 2025 Silver Surprise Target Located along strike of the broader Adera structural corridor. 28 samples between 1,000-16,030 g/t Ag and 4 over 10,000g/t Ag including: - 16,030 g/t Ag - 14,179 g/t Ag - 12,980 g/t Ag 3 p
Slide 15: Ruffner: Copper-Gold Porphyry
Ruffner: Copper-Gold Porphyry Announced November 2025 Ruffner Target High-Grade Surface Samples + 1 km Magnetic Anomaly 11 samples >0.5% Cu (up to 8.1% Cu) Gold values up to 36.8 g/t Au Host lithologies consistent with the Ruby Creek molybdenum system Magnetic Anomaly Footprint: ~1 km x 600 m Advanc
Slide 16: Multi-Mineral Upside: Tungsten, Copper, Zinc
Ruby Creek Ruby Creek: Multi-Mineral Upside: Tungsten, Copper, Zinc High grade copper-gold porphyry target identified Eleven grab outcrop and talus samples returned >0.5% Cu, with assays up to 8.1% Cu Gold values include 13.0 g/t Au from outcrop and 36.8 g/t Au from talus float Magnetic data suggest
Slide 17: Key Takeaways
KEY TAKEAWAYS EraNova offers leverage to both the precious metal and energy transition cycles — with room to re-rate. PEA expected within 3 months, with surrounding Tight share structure (~51.2M basic) with ~34% insider tungsten, copper, zinc, antimony and REE upside ownership and long-time support
Slide 18: Thank You
One Property. Two paths to value creation. Thank You Meredith Eades President, CEO & Director meades@EraNova.com 604-360-4668 www.EraNova.com 14 TSXV: NOVA | OTCQB: STXPF
Slide 19: Appendix
APPENDIX EraNova Metals One Property. Two paths to value creation. TSXV: NOVA OTCQB: STXPF TSXV: STU OTCQB: STXPF WKN: A2PLBV
Slide 20: The EraNova Team
The EraNova Team The Team Meredith Eades Yana Silina Clive Aspinall Kazuki Nohdomi Fiore Aliperti B.Com C.P.A M.Sc., P.Eng B.Com, M.B.A., C.F.A. Independent Director President, CEO & Director Chief Financial Officer Qualified Person, Geologist Independent Director 9+ years of experience in Director
Slide 21: Ruby Creek: Why Molybdenum
RUBY CREEK: WHY MOLYBDENUM WHY MOLYBDENUM? CRITICAL METAL MOMENTUM Price doubled from under US$10/lb (2020) to ~US$30/lb today Global demand rose 3% in 2022 to 631.5M lbs — while production fell 1% Growing structural deficit as energy transition accelerates Few large-scale, pure-play primary moly So
Slide 22: Other EraNova Projects
OTHER ERANOVA PROJECTS (1) RUBY CREEK 100% interest, 33,000-hectare PM + critical metal property Direct to deposit road access Located in the heart of Atlin Placer Gold Camp (2) BIG LEDGE 1 100% interest, 5,094-hectare lead-zinc property Historic drilling by Cominco (1948–1966; 10,060 m) outlined a
Slide 23: Ruby Creek Exploration: Gold & Silver
Ruby Creek Ruby Creek Exploration Multi-Mineral Upside: Gold & Silver 7 mineralizes zones 15+ km structural corridor with confirmed strike extensions 148 gold samples > 1g/t Au 246 silver samples > 100g/t Ag 97: 1-5 g/t Au 232 100-1000 g/t Ag 40: 5-15 g/t Au 37: 1000-5000 g/t Ag 11: 15-121 g/t Au 17
Slide 24: Multi-Mineral Upside: Tungsten
Ruby Creek Ruby Creek: Multi-Mineral Upside: Tungsten ADERRA CORRIDOR ZONE Tungsten zone flanks moly deposit and follow key structures 188 tungsten samples > 0.1% WO₃ 124: 0.1% - 0.5% WO₃ 30: 0.5% - 1.5% WO₃ 31: 1.5% -10% WO₃ 3: 10% + WO₃ Channel sample highlights: 2.7m @ 0.76% WO₃ 1.1m @ 1.32% WO₃
Slide 25: Ruby Creek Exploration - Copper
Ruby Creek Ruby Creek Exploration - Copper RUFFNER ZONE High grade copper-gold porphyry target identified Eleven grab outcrop and talus samples returned >0.5% Cu, with assays up to 8.1% Cu Gold values include 13.0 g/t Au from outcrop and 36.8 g/t Au from talus float Magnetic data suggests the minera
Slide 26: Lakeview: High-Grade Gold-Silver Vein
Lakeview: High-Grade Gold-Silver Vein Announced March 2026 Lakeview Target Grab samples up to 257 g/t Au and 3,660 g/t Ag (same sample) Additional high-grade sample of 113.1 g/t Au and 2,202 g/t Ag 15 samples >1 g/t Au 10 samples >100 g/t Ag Subparallel, sub-vertical quartz-carbonate veins Surface e
Slide 27: Silver Surprise Target
Ruffner: Copper-Gold Porphyry Announced November 2025 Silver Surprise Target Located along strike of the broader Adera structural corridor. 28 samples between 1,000-16,030 g/t Ag and 4 over 10,000g/t Ag including: - 16,030 g/t Ag - 14,179 g/t Ag - 12,980 g/t Ag 3 parallel veins ~1 m in width up to 1