Slide 1: Creating a Leading Canadian Uranium and Strategic Metals Exploration Company
CSE: GXP | FRA: HW3 | OTC: GXPLF TSX-V: AL FRA: 6LLN OTC: ALXEF CREATING A LEADING CANADIAN URANIUM AND STRATEGIC METALS EXPLORATION COMPANY October 2024 Corporate Presentation
Slide 2: Legal Disclaimer
Legal Disclaimer Statements respecting Greenridge or Greenridge Exploration are, as the case may be, to “Greenridge Exploration Inc.” or the resulting issuer to be formed upon completion of the proposed acquisition of ALX Resources Corp. (“ALX”) by Greenridge Exploration Inc. (the “Company” or “Gree
Slide 3: Creating a Leading Canadian Uranium and Strategic Metals Exploration Company
ANNOUNCED ACQUISITION OF ALX RESOURCES CORP. (“ALX”) Creating a Leading Canadian Uranium and Strategic Metals Exploration Company Pro forma Greenridge to be the 6th largest uranium explorer by property holdings in the world-class Athabasca Basin Adds one of the largest Consolidates ownership Adds la
Slide 4: Terms of the Arrangement
ANNOUNCED ACQUISITION OF ALX Terms of the Arrangement TRANSACTION Binding arrangement agreement (the “Arrangement Agreement”) dated October 11, 2024 pursuant to which Greenridge will acquire all of the issued and outstanding common shares of ALX Transaction will be effected by way of a court-approve
Slide 5: Pro Forma Capitalization
ANNOUNCED ACQUISITION OF ALX Pro Forma Capitalization PRO FORMA SHARE OWNERSHIP PRO FORMA Share Price C$0.015 C$0.78 (as of Sept 4, 2024 (pre- C$0.78 (as of October 10, 2024) announcement of LOI)) Issued & Outstanding 33,994,880 248,870,100 45,194,035 Warrants 12,220,6891 15,700,0004 2,756,500 ALX…
Slide 6: Amongst the Largest Pipeline of Uranium and Strategic Metals Projects in Canada
PRO FORMA PROJECT PORTFOLIO Amongst the Largest Pipeline of Uranium and Strategic Metals Projects in Canada The combined company to have: interests in 29 exploration projects with a combined 435,000 hectares interests in 16 uranium projects totaling ~220,000 hectares across renowned Canadian uranium
Slide 7: Creates Leading Uranium Explorer in Canada
ANNOUNCED ACQUISITION OF ALX Creates Leading Uranium Explorer in Canada Adds 12 uranium projects totaling ~173,000 hectares in the world- class Athabasca Basin ALX’S HIGHLIGHTED URANIUM PROJECTS Black Lake Project (40% ALX, 50.43% UEC and 8.57% Orano) Over 150 holes drilled to date 2004 discovery ho
Slide 8: Amongst the Largest Uranium Exploration Property Holders in the Athabasca Basin
ANNOUNCED ACQUISITION OF ALX Amongst the Largest Uranium Exploration Property Holders in the Athabasca Basin Largest Canadian Uranium Explorers by Property Holdings in the Athabasca Basin (in 000 ha) Market Cap (C$M) $177.9 $80.3 $112.6 $16.7 $10.0 $35.3 $3.7 Private $3.3 $13.0 $4.4 $6.2 $30.2 $33.9
Slide 9: Adds Strategic Metal Projects Totaling ~212,000 ha Across Canada
ANNOUNCED ACQUISITION OF ALX Adds 12 Strategic Metal Projects Totaling ~212,000 ha Across Canada Map showing the Firebird and Flying Vee Firebird Nickel Project (100% ALX) properties in northern Athabasca Basin 25,210 hectares outside of the northeast fringe of the Athabasca Basin Hosts several sign
Slide 10: Substantial Benefits for ALX Shareholders
ANNOUNCED ACQUISITION OF ALX Substantial Benefits for ALX Shareholders Significant and immediate offer Bolsters capital market profile Exposure to the Nut Lake Project Enhanced ability to raise capital premium and share liquidity Exchange Ratio represents a 5,853-hectare property in the Greenridge l
Slide 11: Enhanced Management & Board
ANNOUNCED ACQUISITION OF ALX Enhanced Management & Board RUSSELL STARR, MBA, MA MANDEEP PARMAR CEO & Director Director § Former Bay Street executive and associate hedge fund manager § Over a decade of public markets experience, with a focus on corporate development, capital raising and investor rela
Slide 12: Hook-Carter Project
INTRODUCTION Hook-Carter Project 25,115 Hectares over 11 claims in the SW margin of the Athabasca Basin within the Patterson Lake corridor, located ~27km east of provincial highway 955. • 95 km west of Cameco’s past producing Key Lake uranium mine which extracted 225 million lbs. of uranium by open
Slide 13: Hook-Carter Project: Previous Work
PREVIOUS WORK Hook-Carter Project Previous Work Summary Denison’s 2023 airborne EM survey confirmed the presence of multiple NE-SW trending conductors trending through Hook- Carter and connecting to the EM conductors identified on Cameo Corporation’s William River property to the north. • Denison ha
Slide 14: Gibbons Creek Project
INTRODUCTION Gibbons Creek Project 13,864 ha. (100% owned – Trinex Minerals Limited of Western Australia has an option to earn 75%) • The historic Nisto Mine, which produced ~96 tonnes grading 1.38% U3O8 in the 1950s is located on the northwest side of the Black Lake fault near the property. • The r
Slide 15: Gibbons Creek Project: Previous Work
PREVIOUS WORK Gibbons Creek Project 2014-2021 Maiden 14-hole drill program totaling 2,550m completed in 2015. Four drill holes encountered anomalous radioactivity near the unconformity. Strong hydrothermal alteration and pathfinder geochemistry (B, Co, Ni) observed. In September 2017, Geotech Ltd. c
Slide 16: Black Lake Project
INTRODUCTION Black Lake Project 31,701 Hectares in the NE Athabasca Basin 40% owned, in JV with UEC (~50.5%) and Orano Canada (~8.5%) • Historical drilling by UEX Corp identified unconformity-style mineralization along a strike length of 1.7 km on the northern part of the property adjacent to the Ea
Slide 17: Black Lake Project: Previous Work
PREVIOUS WORK Black Lake Project Exploration Summary In 2017 ALX completed an airborne ZTEM™ survey over the northern half of the property to complement a historical ZTEM™ survey flown in 2008 over the deeper, southern half of the property. The results provided important details of the multiple cond
Slide 18: Highlights of Greenridge's Projects
Highlights of Greenridge’s Projects Uranium Spot Price – US$80/LB Over 30% - YoY Uranium Spot Price Performance Uranium Rush in Thelon Basin Strategic Ontario High-Grade Athabasca Basin KorrAI Uranium Drill Intersects Uranium Project Technology High-Grade Uranium spot The Nut Lake Sampling Revolutio
Slide 19: Carpenter Lake Project
INTRODUCTION Carpenter Lake Project Historical sampling from 2014 reveal multiple radioactive boulders on the Project with three (3) over 1,000 ppm uranium, and up to 1,550 ppm uranium. 15,092 Hectares over 9 claims in the Athabasca Basin, a renowned Uranium district in Saskatchewan, Canada. 95 km w
Slide 20: Carpenter Lake Project: Geology
GEOLOGY Carpenter Lake Project The Project is situated on basement-type unconformity related uranium deposits, where this type of basement hosted deposits are found within the to a depth of over 300 meters. The Millennium deposit, the Eagle Point deposit and the P-Patch deposit are examples of this
Slide 21: Carpenter Lake Project: Previous Work
PREVIOUS WORK Carpenter Lake Project Previous Work Summary Boulder sampling from 2014 reveal multiple radioactive boulders on the Project with three (3) over 1,000 ppm uranium, and up to 1,550 ppm uranium. 2014 February - Electromagnetic and horizontal magnetic gradiometer survey (VTEM Survey) May –
Slide 22: Thelon Basin
INTRODUCTION Thelon Basin Urangesellschaft Canada Limited discovered the first uranium showing in the Baker Lake area of the Thelon Basin in 1974. 1970s-1980s saw a flurry of exploration activity. A secondary rush in the 2000s to 2011 saw regional work hunting for unconformity-type uranium. Around 1
Slide 23: Nut Lake Project
INTRODUCTION Nut Lake Project Historical drilling on the Project intersected up to 9ft of 0.69% U3O8 including 4.90% U3O8 over 1ft from 8ft depth. The Project hosts high grade samples of 10.39% U3O8 as well as up to 4.36% U3O8, 53.16 oz/t Ag, 1.15% Pb and 7.0% Ni . The Project sits within an interse
Slide 24: Nut Lake Project: Geology
GEOLOGY Nut Lake Project Thelon’s Uranium Model is similar to the Athabasca Basin UNCONFORMITY VEIN & BRECCIA TYPE Cross-cutting basement rocks (Amer and Neoarchean Woodburn Lake Groups). Associated with Illite, Chlorite Hematite alteration. Reactivated basement faults intersecting unconformity and
Slide 25: Nut Lake Project: Previous Work
PREVIOUS WORK Nut Lake Project DRILLING & SURFACE SAMPLING 1979 Winkie Drilling returned several encouraging drilling results, including up to 9ft of 0.69% U3O8 including 4.9% U3O8 over 1ft from 8ft depth. Historically Pan Ocean Oil identified multiple coincident anomalies including Magnetic Lows, V
Slide 26: Nut Lake Project: Historical Drilling & Surface Sampling
PREVIOUS WORK Nut Lake Project HISTORICAL DRILLING & SURFACE SAMPLING In 1979, Pan Ocean Oil Ltd. performed an exploration program consisting of ground geophysics, geological mapping, prospecting and Winkie drilling as follow up to previous sampling with elevated uranium in dyke swarms, fractures an
Slide 27: Nut Lake Project: Hyperspectral & Magnetic, Helium and Faulting
PREVIOUS WORK Nut Lake Project HYPERSPECTRAL & MAGNETIC HELIUM AND FAULTING Regional Magnetics shows a strong NW-SE trending fault. A hyperspectral survey undertaken identified several helium anomaly clusters spatially associated with the fault. Helium is a decay product of Uranium and is an explora
Slide 28: Ranger Lake & Snook Lake Uranium Project
Ranger Lake & Snook Lake Uranium Project The Snook Lake Uranium project consists of 237 mineral claims covering 4,899 hectares and is approximately 75 km north of Kenora in Northwestern Ontario, a region that has attracted early-stage Uranium exploration in the past. Anomalous uranium mineralization
Slide 29: Weyman Project
Weyman Project 2,803 hectares in Southeastern British Columbia. The Project is located Weyman Project within the southern Quesnel Terrane. Prospective for a copper porphyry-type mineralization. 2020 AIRBORNE MAGNETIC SURVEY Identified the ‘the Weyman Thrust’ including three westerly dipping thrust f
Slide 30: KorrAI
CUTTING-EDGE TECHNOLOGY KorrAI KorrAI’s revolutionary satellite-based AI solution provides new insights for mining exploration companies. By leveraging new technologies to synthesize multiple data-sets, KorrAI is able to build a model that can be re-trained to iteratively refine the quality of targe
Slide 31: Creating a Leading Canadian Uranium and Strategic Metals Exploration Company
Creating a Leading Canadian Uranium and Strategic Metals Exploration Company 16 uranium projects (~220,000 ha) across renowned Canadian uranium districts (Athabasca Basin, Thelon U3O8 Basin & Elliot Lake) Many high-grade, large-scale uranium targets with CSE: GXP | FRA: HW3 | OTC: GXPLF tremendous n
Slide 32: Appendix
Appendix CSE: GXP | FRA: HW3 | OTC: GXPLF 32 © 2024 GREENRIDGE EXPLORATION
Slide 33: Combined Project Portfolio
Combined Project Portfolio Project Name Mineral Location Size (ha) Exploration History Ownership Carpenter Lake Uranium SK 15,092 Historical Drilling 60%, with an option to earn 100% Nut Lake Uranium NU 5,853 Historical Drilling 100% Ranger Lake Uranium ON 20,782 Early Stage 100% Snook Lake Uranium
Slide 34: Rising Demand, Depleting Supply
Rising Demand, Depleting Supply Climate change, energy security, and energy affordability have led to a significant increase in demand and new investments in nuclear energy. Uranium supply will need to at least double by 2040 to meet the growing needs. The energy transition, geopolitics, and energy
Slide 35: Global Demand for Uranium is Growing at the Same Time Supply is Becoming Less Certain
Global Demand for Uranium is Growing at the Same Time Supply is Becoming Less Certain1 Figures shows reactors operable There are 482 nuclear Global Electricity Intense development of new projects will be facilities proposed, Market is Expected to needed in the current decade to avoid planned or unde