Rackla Metals Inc. · TSXV:RAK
Rackla Metals — Investor Presentation (February 2026)
25 slides from Rackla Metals's investor presentation, February 2026
Slide 1: Tungsten, Gold and Rare Earth Minerals in Western Northwest Territories
Tungsten, Gold and Rare Earth Minerals in Western Northwest Territories BOOTS ON THE GROUND - MAKING DISCOVERIES racklametals.com TSX-V: RAK | FSE: RLH1 February 2026
Slide 2: Forward Looking Statements & Qualified Person
Forward Looking Statements & Qualified Person Certain statements contained in this presentation among others, changes in general economic conditions Company disclaims any obligation to update any constitute forward-looking statements within the and financial markets; the Company or any joint forward
Slide 3: Tombstone-Tungsten Belt, Northwest Territories
TOMBSTONE-TUNGSTEN BELT NORTHWEST TERRITORIES A premier location for world-class gold and tungsten deposits ➢ Lened is a high-grade tungsten project acquired by Rackla. ➢ Rejuvenated tungsten exploration driven by critical mineral interest. Lened ➢ Proximity to historic Cantung mine creates rare opp
Slide 4: Lened Acquisition - A Tungsten & Rare Earth Discovery
LENED AQUISITION - A TUNGSTEN & RARE EARTH DISCOVERY Lened Pluton Lened Tungsten Deposit Sara’s Ridge ➢ Rackla acquired 100% of the Hot Springs Ridge CAC UFP Skarn Lened Tungsten Deposit intrusion Billy Goat Ridge through claim staking. Camp Discovery Rhodes Tungsten ➢ Located 45 km north of the pas
Slide 5: Lened Tungsten Deposit – Significant Upside Remains
LENED TUNGSTEN DEPOSIT – SIGNIFICANT UPSIDE REMAINS PROPRIETARY DATASET AQUIRED ➢ From 1977 - 1982 Union Carbide Exploration Ltd conducted an intensive exploration program advancing Lened to pre-feasibility. ➢ Included 26,900 m of diamond drilling in 178 holes. The core is in recoverable condition.
Slide 6: Historic High-Grade Resource
HISTORIC HIGH-GRADE RESOURCE ➢ According to USGS ranking of tungsten skarn deposits, Lened USGS RANKING OF TUNGSTEN SKARN DEPOSITS ranks as one of the highest-grade tungsten deposits in the world comparable to the past-producing Cantung mine. ➢ In 1980, Union Carbide calculated an initial resource o
Slide 7: Lened Geological Setting and Potential
Lened Geological Setting and Potential ➢ The Lened Deposit is a scheelite +copper +gold skarn hosted in limestone and within the Lened Pluton, a Cretaceous alkalic intrusion. ➢ The resource calculation accounted for 2 of 15 known zones on the property – the Western Skarn and Stephen’s Ridge zones. ➢
Slide 8: Cantung Minesite & Related Infrastructure
CANTUNG MINESITE & RELATED INFRASTRUCTURE ➢ The Cantung mine site is 65 km by road south of the Lened property. ➢ The mine shut down in 2014 and has been on Care and Maintenance since then. ➢ The mill, gravity concentrator and floatation cells on site all appear in functional condition. racklametals
Slide 9: History of Mining at Cantung
HISTORY OF MINING AT CANTUNG ➢ Cantung Mine started operations in 1962. ➢ For the first 10 years the operation was seasonal open pit mining and produced approximately 1.32 Mmtu of WO₃ (1 mtu=10 kg). ➢ In 1972, the E-Zone orebody discovered, a large high-grade scheelite-bearing skarn grading + 1.4% W
Slide 10: History of Mining at Cantung
HISTORY OF MINING AT CANTUNG ➢ Presently at Cantung there is a 43-101 probable and indicated resource of over 5 m/t @ 0.83% WO3. ➢ The high-grade scheelite in the Lened deposit could return the Cantung mine to the heydays of 1972-86. ➢ A combined target of 10 million MTU’s at Lened and Cantung is a
Slide 11: South Lened Rare Earths
SOUTH LENED RARE EARTHS A Serendipitous Discovery ➢ In 2025, Rackla completed a regional stream sediment Lened sampling program on Lened Creek and the tributaries Tungsten draining the Lened Tungsten Deposit area. Deposit ➢ Rackla was surprised to find anomalous rare earth elements at 11 sample site
Slide 12: Tombstone Gold Belt Properties
TOMBSTONE GOLD BELT PROPERTIES Grad Property - BiTe Zone • 2024 discovery of outcropping RIRGS-style high-grade Au/Bi/Te mineralization at the BiTe Zone. • 2025 - 10-hole, 4,500 m drill program tested a compelling geological model. • The drill results were generally disappointing - best intercept wa
Slide 13: Upcoming Catalysts
TIMELINE Upcoming Catalysts 2026 catalysts are: ➢ Proprietary database has been incorporated into a digital database. ➢ Compilation of historic trench and drill results will be released on compilation ➢ Substantial drill program planned on high grade targets defined by Union Carbide. Highlights of a
Slide 14: Top Tier Leadership with a History Of Discoveries
THE TEAM Top Tier Leadership with a History Of Discoveries Simon Ridgway FOUNDER, CEO & DIRECTOR Scott Casselman VP EXPLORATION Mr. Ridgway is a successful prospector and mining financier, gaining Mr. Casselman has worked in mineral exploration since 1985 on his initial experience with grass roots m
Slide 15: Top Tier Leadership with a History Of Discoveries
THE TEAM Top Tier Leadership with a History Of Discoveries Sally Whittall CORPORATE SECRETARY Kevin Bales CHIEF FINANCIAL OFFICER Sally has over 30 years experience in corporate compliance and Mr. Bales has 20 years of financial reporting experience in mining securities regulations, and handles Rack
Slide 16: Top Tier Leadership with a History Of Discoveries
THE TEAM Top Tier Leadership with a History Of Discoveries Tom Garagan DIRECTOR William Katzin DIRECTOR Mr. Garagan is a geologist with a Bachelor of Science (Honours) degree Mr. Katzin is a graduate of the University of Cape Town, South Africa in geology from the University of Ottawa and over 40 ye
Slide 17: Capital Structure
Capital Structure TSX-V: RAK Basic Shares Outstanding 162.9M Warrants 7.4M Incentive Stock Options 3.6M Fully Diluted 173.9M Cash $9.7M *As of January 1st, 2026 ~30.5% Insider Ownership racklametals.com TSX-V: RAK | FSE: RLH1 17
Slide 18: Contact Information
1.604.801.5432 info@racklametals.com 1000-1111 Melville St. Vancouver, BC, V6E 3V6 racklametals.com TSX-V: RAK | FSE: RLH1
Slide 19: BiTe Zone Surface rock chip sampling results
APPENDIX BiTe Zone Surface rock chip sampling results Au g/t / Bi ppm 17.65 / 8460 5.44 / 1025 45.50 / 15450 5.82 / 1525 22.3 / 7440 4.77 / 1845 1.20 / 75 2.70 / 400 5.76 / 4090 1.01 / 238 1.05 / 219 14.40 / 17950 0.83 / 88.4 1.69 / 968 6.78 / 3520 19.30 / 3640 1.88 / 139 6.52 / 1840 15.85 / 9650 3.
Slide 20: BiTe Zone Drill Program Results
APPENDIX BiTe Zone Drill Program Results Despite the high-grade surface results, the 2025 drill program on the Grad Property returned results that were below expectations surprising both the technical team and external analysts. The best intercept was 2.56 g/t gold over 10.5 m in hole G25-009 at the
Slide 21: BiTe Zone Alteration and Geochemical Characterization
APPENDIX BiTE Zone Alteration and Geochemical Characterization Analysis of Geochemical Dataset using ioGAS Software Gold mineralization is closely correlated with tellurium, bismuth, and antimony. Bismuth to lead ratios (Bi:Pb) could be a useful vector in the search for the geochemical conditions si
Slide 22: Regional Targets - Manta Showing
APPENDIX Regional Targets - Manta Showing Gold in rocks Sample ST220433 The Manta intrusion was discovered by Rackla geologists in 2024 having previously been Bi unmapped and unrecognized. Mapping, rock and soil sampling in 2025 has identified a very prospective target. 6 rock samples from strongly
Slide 23: Regional Targets – Ogre Property
APPENDIX Regional Targets – Ogre Property In 2025 Rackla conducted stream sediment sampling, talus-fine sampling and prospecting. The target is at the southeastern edge of the O’Grady Batholith at the sediment-granodiorite 3.7 g/t Au contact. Rackla conducted prospecting, stream sediment and talus f
Slide 24: Regional Targets – Calypso
APPENDIX Regional Targets – Calypso The Calypso area is a grassroots discovery in 2025 following up on government RGS anomalies of bismuth and gold. The target is in the southwestern corner of the O’Grady Batholith at the granodiorite-sediment contact. Rackla conducted prospecting, stream sediment a
Slide 25: Tungsten Facts
APPENDIX Tungsten Facts Tungsten is indispensable in modern industry • It is a unique metallic element distinguished by its exceptional physical properties. • It has the highest melting point (3,370 °C). • The highest boiling point (5,900 °C). • The greatest tensile strength (590,000 lbs). • It has
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