Fireweed Metals Corp. · TSXV:FWZ
Fireweed Metals — Investor Presentation (May 2024)
35 slides from Fireweed Metals's investor presentation, May 2024
Slide 1: Critical Metals for Generations
TSX-V: FWZ OTCQX: FWEDF FSE: M0G CRITICAL METALS FOR GENERATIONS Corporate Presentation – May 2024
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS PEA Cautionary Note Readers are cautioned that the PEA is preliminary in nature; it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reser
Slide 3: Why Critical Metals? Why Fireweed?
Coming Bull Market Massive Global Stimulus Chronic underinvestment and Fiscal stimulus will focus on Why Critical Metals? protracted bear market has left cupboard bare infrastructure, bullish for zinc Why Fireweed? Best-in-Class Projects Strong Backers, Cashed Up Macpass and Mactung have Teck, Lundi
Slide 4: Critical Metals for Generations
CRITICAL METALS FOR GENERATIONS MP Zinc's unique properties make it an essential metal for everyday life. Zinc plays a crucial role in: ▪ Renewable Energy ▪ Healthcare ▪ Transportation ▪ Infrastructure ▪ Food Security ▪ Industrial Applications GP ▪ Energy Storage ▪ Electronics Tungsten is an extreme
Slide 5: Project Highlights
PROJECT HIGHLIGHTS MP MT GP MACPASS PROJECT MACTUNG PROJECT GAYNA PROJECT ▪ One of the world’s largest ▪ World’s largest high-grade ▪ Exceptional exploration potential high-grade undeveloped zinc tungsten deposit* for zinc, germanium, gallium, projects* lead, and silver ▪ Environmental Assessment ▪
Slide 6: Capital Structure
CAPITAL STRUCTURE As of April 30, 2024 Shares Outstanding 148,382,269 Lundin Trust 19.3% Shares Issuable Under 11,900,800 Stock Option Plan Other Larry Performance Shares 3,700,000 47.5% Childress 12.8% Agents Warrants 44,785 Teck Investor Warrants 0 Resources 8.1% Fully Diluted 164,027,854 Ibaera C
Slide 7: Leadership, Management and Board of Directors
LEADERSHIP John Robins Peter Hemstead Chairman Director and Interim President & CEO ▪ Great Bear Royalties - Founder & Chairman, $200M exit ▪ Bluestone Resources Ltd. - CEO ▪ Great Bear Resources – $1.8B exit ▪ Capstone Mining Corp. – Senior Executive ▪ Kaminak Gold – Founder & Executive Chairman, $
Slide 8: Project Locations & Existing Infrastructure
PROJECT LOCATIONS & EXISTING INFRASTRUCTURE Gayna (Zn-Pb-Ag) Project Macpass (Zn-Pb-Ag) New zinc exploration project with intriguing potential and significant & Mactung (W) Projects mineralization >950 km2 land package Projects are accessible via road and existing Railhead airstrip at site Deep-sea
Slide 9: Progress & Catalysts
PROGRESS & CATALYSTS COMPLETED 2023 UPCOMING 2024 ▪ +$50M raised ▪ Updated Macpass Mineral Resource ▪ Acquisition of Mactung finalized Estimate ▪ Updated resource for Mactung ▪ Mactung PEA ▪ Largest drill campaign at Macpass with ▪ 2024 program in the planning stage for >22,500 m Macpass, Mactung an
Slide 10: Macpass Project Overview
Macpass Project Overview We respectfully acknowledge that the Macpass Project is located on the Traditional Territories of the Kaska Dena Nation and the First Nation of Na-Cho Nyäk Dun. 10 TSX-V: FWZ | FireweedMetals.com
Slide 11: One of the World's Largest Undeveloped Zinc Projects
ONE OF THE WORLD’S LARGEST UNDEVELOPED ZINC PROJECTS ▪ Host to multiple zinc-lead-silver deposits within a 940 km2 land package ▪ Accessible via the North Canol Road and the Macmillan Pass aerodrome, ~250 km from Ross River Macpass 2018 Resource Estimate Tonnage + 6 Years Drilling 1 Zn Pb Ag (g/t) Z
Slide 12: Boundary Zone
Boundary Zone TSX-V: FWZ | FireweedMetals.com 12
Slide 13: Why Is Boundary Zone Significant?
WHY IS BOUNDARY ZONE SIGNIFICANT? Robust potential for both scale and grade derived from stockwork/brecciated mineralization + high-grade massive sulphide stratiform layers Scale NB19-002: 230 m of 4.51% Zn from surface, including 100 m of 8.73% Zn, with 6.4m of 43.5% Zn NB20-002: 213 m of 4.42% Zn,
Slide 14: TSX-V: FWZ | FireweedMetals.com
14 TSX-V: FWZ | FireweedMetals.com
Slide 15: Drilling Highlights
DRILLING HIGHLIGHTS 2023 Drilling Program 2023 program achieved 22,500 m of drilling mostly focused on Boundary, Tom, and Jason zones, with step-out holes at Boundary Zone, Tom South and Jason South Boundary Tom & Jason ▪ In 2023, zinc mineralization was hit in all completed holes, ▪ Intersected min
Slide 16: Highly Prospective Targets
N A Macpass CORVUS >3 KM long Zn-in-soil anomaly ELEVEN Project Large Zn-in-soil anomaly with up to 1.7% Zn in soil VOLCANIC * Pb-in-soil anomaly. * up-ice from high-grade glacial erratics * — * w—— 3 cece = BOUNDARY BOG Sorat iatcell| Z ZONE: ; oe anomaly \ Major structure, Historical hole intersec
Slide 17: Significant Additional Blue-Sky Potential
Aerodrome SIGNIFICANT ADDITIONAL BLUE-SKY POTENTIAL BLUE-SKY POTENTIAL North Canol Road
Slide 18: Mactung Project Overview
Mactung Project Overview We respectfully acknowledge that the Mactung Project is located on the Traditional Territories of the Kaska Dena Nation and the First Nation of Na-Cho Nyäk Dun, and the Sahtu Settlement Area. TSX-V: FWZ | FireweedMetals.com 18
Slide 19: The World's Largest High-Grade Tungsten Deposit
THE WORLD’S LARGEST HIGH-GRADE TUNGSTEN DEPOSIT ▪ Host to a large tungsten deposit within a 38 km2 area, 100% owned by Fireweed ▪ Adjacent to Macpass, and access via the North Canol Road and the Macmillan Pass aerodrome ▪ Extensive drilling, engineering, metallurgy, geotechnical, and environmental
Slide 20: Mactung Project
“ - fl » tf sf et. 3 >, . A Y ke - ¢ 7 7 N i Tg o 4 y , f ‘ rr s 7 i fh Mactung Project 38 ihe , ee see, f ; 5 ‘ # ; - a 7 — j Northwest ¢ Z Territories FIREWEEL ) METALS
Slide 21: Why Mactung?
WHY MACTUNG? CRITICAL METAL The U.S., Canada and the EU have designated tungsten a critical metal. It has extreme physical characteristics necessary for many industries. CHINA MARKET DOMINATION China controls most of the world’s tungsten deposits and production, creating risks to the west in an unce
Slide 22: Mactung Stands Out
MACTUNG STANDS OUT Mactung is an outlier in the tungsten space, with both significant scale and outstanding grade. (37.36M MTU) 3 22 TSX-V: FWZ | FireweedMetals.com
Slide 23: Mactung Has a Clear Pathway to Production
MACTUNG HAS A CLEAR PATHWAY TO PRODUCTION 2023 2024 2025 2026 2027 2028 2029 Project Optimization Licensing Environmental Studies Geotechnical Investigation Industrial Base Engagement Metallurgical Test Program Bulk Met Sample + Pilot Impact Benefit Agreement(s) Negotiation 3 Feasibility Study Licen
Slide 24: Gayna Project Overview
Gayna Project Overview We respectfully acknowledge that the Gayna Project is located within Settlement Areas of Sahtu and Gwich’in, and the Traditional Territory of First Nation of Na-Cho Nyäk Dun. TSX-V: FWZ | FireweedMetals.com 24
Slide 25: Great Exploration Potential for Zinc, Germanium, Gallium, Lead, and Silver
GREAT EXPLORATION POTENTIAL FOR ZINC, GERMANIUM, GALLIUM, LEAD, AND SILVER ▪ Located 180 km north of Macpass, in the Mackenzie Mountains, NWT ▪ Rio Tinto drilled 28,000 m in the 1970s. Claims ultimately lapsed ▪ New interpretation establishes Gayna's geological setting and mineralization as similar
Slide 26: Exploration Update
EXPLORATION UPDATE ▪ High-grade rock samples confirmed the presence of massive sulphide mineralization that also contains elevated gallium and germanium. ▪ Soil samples confirmed the presence of a strong, 4 km x 1 km, historical zinc and lead soil anomaly ▪ Results from two ground gravity surveys to
Slide 27: Blueprint for Value Creation
BLUEPRINT FOR VALUE CREATION MP MT GP FIREWEED METALS MACPASS PROJECT MACTUNG PROJECT GAYNA PROJECT ▪ With best-in-class team ▪ Resource expansion, ▪ Updated environmental ▪ Exciting discovery upside and strong backers, inaugural Boundary and economic studies, and further drill targeting at Fireweed
Slide 28: Thank you!
Thank you! Please visit us online at fireweedmetals.com and follow for updates. Alex Campbell Head Office VP Corporate Development Suite 2800, Four Bentall Centre TSX-V: FWZ 1055 Dunsmuir Street OTCQX: FWEDF +1 (778) 512-0774 PO Box 49225 alex.campbell@fireweedmetals.com Vancouver, BC V7X 1L2 FSE: M
Slide 29: Appendix
Appendix 29 TSX-V: FWZ | FireweedMetals.com 29
Slide 30: About Fireweed Metals
ABOUT FIREWEED METALS Fireweed is a Canadian company with the mission to explore and develop critical mineral assets through progressive leadership, high standards, innovation, and collaborative partnerships for the benefit of present and future generations. OUR VISION Fireweed Metals will sustainab
Slide 31: Our Values
OUR VALUES INTEGRITY Honesty, Transparency, Accountability RESPECT PARTNERSHIPS For stakeholders Progressive, Environmental Stewardship, Social Stewardship, Value Creation For Indigenous partners For shareholders PEOPLE Inclusivity, Collaboration, Health & Safety TSX-V: FWZ | FireweedMetals.com 31
Slide 32: Sustainability Approach
SUSTAINABILITY APPROACH What does it mean to Fireweed? benefit local communities, and enhance project and investment certainty. Undertaking exploration and mine development activities that respect the environment, r_ Environmental Stewardship Climate Action Po Monitoring in 2023 | (Net Zero ) Offset
Slide 33: Why Zinc?
Why Zinc? TSX-V: FWZ | FireweedMetals.com 33
Slide 34: Why Tungsten?
Why Tungsten? TSX-V: FWZ | FireweedMetals.com 34
Slide 35: Leveraging Cutting Edge Technologies
Leveraging Cutting Edge Technologies ▪ Automated core cutting to improve speed, efficiency, and reduce job hazard and fatigue ▪ Automated core scanning to improve data capture for future interpretation and validation ▪ Directional drilling techniques to improve drilling efficiency and accuracy 35