Blade Resources Inc. · CSE:AZCU
Blade Resources — Investor Presentation (October 2026)
27 slides from Blade Resources's investor presentation, October 2026
Slide 1: The Copper Opportunity
THE COPPER OPPORTUNITY Hot Breccia Project | Arizona, USA CSE:AZCU You can't electrify, digitize, or decarbonize without copper.
Slide 2: Disclaimer
IMPORTANT INFORMATION CSE:AZCU DISCLAIMER Readers should not rely on information in this summary for any consequential, incurred by the reader arising out of the interpretation, Footnote 1 — Adjacent Properties purpose other than for gaining general knowledge of Blade Resources reliance upon or othe
Slide 3: Why Copper? Why Now?
INVESTMENT HIGHLIGHTS CSE:AZCU WHY COPPER? WHY NOW? Copper is the critical metal of the energy transition, AI revolution, and electrification era. Structural supply deficits, surging demand from four simultaneous mega-trends, and unprecedented US policy support create a generational investment oppor
Slide 4: Why Copper?
CSE:AZCU 01 WHY COPPER? A generational supply-demand setup driven by four converging mega-trends 4
Slide 5: Record Prices Signal a Structural Shift
WHY COPPER? CSE:AZCU RECORD PRICES SIGNAL CATALYSTS A STRUCTURAL SHIFT Copper set a fresh record above US$6.65/lb in Sept. 2026 — US TARIFF UNCERTAINTY this isn't a spike, it's a new baseline. 01 50% on semi-finished copper (full value); COMEX inventories at a record ~695,600 t $6.67+/lb +42% +34% S
Slide 6: A Structural Deficit Is Coming
WHY COPPER? CSE:AZCU A STRUCTURAL DEFICIT IS COMING Supply peaks in 2030. Demand keeps growing. Even doubling recycled copper won't close the gap. Required investment: $210B+ to develop 8 Mt of new capacity — vs. $76B invested in past 6 years (Wood Mackenzie) BY THE NUMBERS 42 Mt 33 Mt 2040 global d
Slide 7: AI & Data Centers: Price-Insensitive Buyers
DEMAND DRIVERS CSE:AZCU AI & DATA CENTERS: PRICE-INSENSITIVE BUYERS 165% Goldman Sachs projected Copper is <0.5% of data center project cost — developers will pay any price to secure supply. AI-driven power demand increase by 2030 Data Center Copper Demand Forecasts (kt/year) 1200 1,100 945 TWh IEA
Slide 8: Electric Vehicles: 3–4x More Copper Per Car
DEMAND DRIVERS CSE:AZCU ELECTRIC VEHICLES: 3–4X MORE COPPER PER CAR 20.7M EVs sold worldwide in 2025 China NEV sales reached 16.49 million units in 2025, up 28.2% year-on-year >25% of all new cars EV charging infrastructure installations up 65% YTD vs. 2024 Electric Bus 296 3.7 Mt Annual EV copp
Slide 9: Grid & Renewables: The Largest Demand Category
DEMAND DRIVERS CSE:AZCU GRID & RENEWABLES: THE LARGEST DEMAND CATEGORY The global grid must double by 2050. Grid copper demand is 8x wind, solar, and storage combined. Copper Intensity by Technology (t/MW) Copper use in power sector: 10 9 5.5 Mt/year today → 9.3 Mt/year by 2050 (+69%) 152M km Global
Slide 10: Why the USA?
CSE:AZCU 02 WHY THE USA? Policy, economics, and geopolitics are now aligned to support domestic copper production 10
Slide 11: Critical Mineral Designation & Federal Support
WHY USA? CSE:AZCU CRITICAL MINERAL DESIGNATION & FEDERAL SUPPORT Copper was added to the US Critical Minerals List in November 2025 — unlocking federal support, expedited permitting, and financing. EXECUTIVE PERMITTING TARIFF ORDERS REFORM PROTECTION EO 14154: "Unleashing American Energy" NEPA r
Slide 12: America's Growing Copper Vulnerability
WHY USA? CSE:AZCU AMERICA'S GROWING COPPER VULNERABILITY The U.S. import reliance for copper has Global Copper risen from 31% in 2016 to 57% in 2025 Refining Share 1.7 Mt 1.0 Mt China (48%) Congo/Kinshasa (10%) US refined copper US mine production Chile (6%) consumption (2025e) (2025e, -5% YoY) Japa
Slide 13: Jurisdiction Risk: USA vs. Competitors
WHY USA? CSE:AZCU JURISDICTION RISK: USA VS. COMPETITORS 6.4 Mt of copper capacity (25%+ of global output) is stalled due to ESG issues in competing jurisdictions: CHILE PERU USA There's never been a better New constitution; Frequent govt changes; Stable framework; Political Stability time to develo
Slide 14: China: Both the Proof and the Problem
THE CHINA FACTOR CSE:AZCU CHINA: BOTH THE PROOF AND THE PROBLEM China validates the demand thesis (58% consumption) and IS the supply chain risk (48% refining with only 4% of reserves). DEMAND VALIDATION SUPPLY CHAIN RISK Generates ~2.4x more electricity than the USA Refined 14 Mt of copper in 2
Slide 15: Why Arizona & Hot Breccia?
CSE:AZCU 03 WHY ARIZONA & HOT BRECCIA? The right geology, the right infrastructure, the right jurisdiction, at the right time 15
Slide 16: Arizona: America's Copper Heartland
WHY ARIZONA & HOT BRECCIA? CSE:AZCU ARIZONA: AMERICA'S Since 1910 COPPER HEARTLAND Leading US copper- producing state NEIGHBORHOOD VALIDATES GEOLOGY1 Resolution Copper: ~700 kt 40 km — one of world's Arizona copper output, largest undeveloped Cu 2025 (est.) deposits Christmas Mine (Freeport): 3
Slide 17: Hot Breccia: Right Project, Right Time
WHY ARIZONA & HOT BRECCIA? CSE:AZCU HOT BRECCIA: RIGHT PROJECT, RIGHT TIME LAND POSITION: 1,420 hectares, 227 unpatented mining claims LOCATION: 3 km SE of Freeport's Christmas Mine SMELTER ACCESS: 2 km from ASARCO Hayden complex SURFACE SAMPLES: Mineralized breccias at surface with up to 5.7% coppe
Slide 18: Hot Breccia: Primed for Discovery
WHY ARIZONA & HOT BRECCIA? NW Hayden Smelter & Copper Christmas Mine (3km) Basin Railway (2km) HOT BRECCIA: Arizona State Highway 77 PRIMED FOR DISCOVERY 1 KM HISTORIC GOLD WORKINGS 1905-1981 Christmas Copper Mine operated from 1905 to 1981 producing 25.8 1981 Late 1980s Present Mtons of ore yieldin
Slide 19: Hot Breccia: Laramide Porphyry Checklist
WHY ARIZONA & HOT BRECCIA? CSE:AZCU HOT BRECCIA: LARAMIDE PORPHYRY CHECKLIST Historic shear hosted gold mining throughout the Property. Detailed mapping in 1972 highlighted Laramide age (55Ma to 75Ma) NE trending dike swarms and hydrothermal breccias containing altered Paleozoic limestone, miner
Slide 20: Hot Breccia: Geophysics Confirming Mapping
WHY ARIZONA & HOT BRECCIA? CSE:AZCU HOT BRECCIA: GEOPHYSICS CONFIRMING MAPPING Assay ZTEM survey completed in 2023 covering Hole ID Depth (m) Depth of Summary to the Hot Breccia Project and the Christmas Logs (m) EOH Mine (total of 312 line-kms). OC-1 733.9 733.9 Y Resistivity anomaly highlighte
Slide 21: Hot Breccia: Christmas Mine Analogue
WHY ARIZONA & HOT BRECCIA? CSE:AZCU HOT BRECCIA: CHRISTMAS MINE ANALOGUE 21 Source: Prismo Metals — Hot Breccia Property; after Barrett 1972
Slide 22: Hot Breccia: Resolution Mine Analogue
WHY ARIZONA & HOT BRECCIA? CSE:AZCU HOT BRECCIA: RESOLUTION MINE ANALOGUE Source: Prismo Metals — Hot Breccia Property; Resolution Copper public disclosure 22
Slide 23: Why Now? The Opportunity Converges
THE OPPORTUNITY CSE:AZCU WHY NOW? THE OPPORTUNITY CONVERGES Copper Exposure In The Right Jurisdiction, With The Right Infrastructure, At The Right Time: WHY COPPER? WHY USA? WHY HOT BRECCIA? URGENCY + CONVICTION OPPORTUNITY + TIMING SPECIFICITY + CREDIBILITY 10 Mt deficit by 2040 Critical minera
Slide 24: Capital Structure
CORPORATE OVERVIEW CSE:AZCU Shares (M) Basic Shares Outstanding 30.6 Warrants 6.9 Options - RSUs Fully Diluted 37.5 - CAPITAL STRUCTURE C$(M) Working Capital 0.5 ITM Warrants 0.7 ITM Options - Working Capital and Potential Proceeds 1.1 Market Cap *Market capitalization assuming $0.30/sh 9.2 24 Sourc
Slide 25: Management & Advisors
CORPORATE OVERVIEW CSE:AZCU MANAGEMENT & ADVISORS MIKE BLADY CORBIN STEWART LISA EMBREE CEO & Director VP Exploration CFO Mr. Blady is an entrepreneur and geologist with Mr. Stewart is a geologist with over 15 years of Ms. Embree, CPA, is a Vancouver-based finance over 15 years of experience in capi
Slide 26: Directors
CORPORATE OVERVIEW CSE:AZCU DIRECTORS MICHAEL HARP JONATHAN HAMWAY STEVE ROBERTSON, DEVIN GANNON Director Director P.Geo. Director Mr. Hamway has served as a Director Mr. Harp is a professional geologist Mr. Gannon is an AI strategy leader corporate consultant to public and with a track record of ma
Slide 27: CSE:AZCU
CSE:AZCU Tel. 1.778.200.0089 info@bladeresources.com www.bladeresources.com 27
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