Cupani Metals Corp. · CSE:CUPA
Cupani Metals — Investor Presentation (September 2026)
44 slides from Cupani Metals's investor presentation, Sep 16, 2026
Slide 1: Exploring For Quebec's Next Major Cu-Ni-PGE Deposit
Exploring For Quebec’s Next Major Cu-Ni-PGE Deposit Turning Historical Potential into Modern Value – Blue Lake Project September 2026 CSE: CUPA | OTCQB: CUPIF
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Cupani Metals Corp. (“CUPA”) solely for informational purposes. The information contained herein has been prepared to assist investors in making their own evaluation of CUPA and does not purport to be all-inclusive or to contain all the information a
Slide 3: Basic Questions
BASIC QUESTIONS Why this asset? It`s buildable. Great Jurisdiction. Geologically large comparables. Why this team? VPEX is 4x exploration winner. CEO is largest shareholder. What will money accomplish? 2027 exploration results. 2026 discovery was made testing 2025 theory. Why now? Commodity Cycle. H
Slide 4: Location
LOCATION The next 7 slides aim to situate the project across various scales. Geology timescale Geochemical Continental Jurisdiction Infrastructure Historical drilling New discovery Metal ratios
Slide 5: Superior Craton Advantage
Superior Craton Advantage Approximately 1.9 billion years ago, deep crustal faults bordering the Superior Craton created pathways that allowed large volumes of ultramafic magma to reach near-surface levels, creating the geological conditions for formation of Cu-Ni-PGE deposits. This regional map s
Slide 6: Copper & Nickel: Footprints of Large Metallogenetic Regions
Copper & Nickel: Footprints of Large Metallogenetic Regions 1980’s-1990’s compilation of leveled values of 30,000 government lake bottom sediment assays released in 2015. Red areas indicated very strong anomalies. CUPANI Metals CUPANI claims covers most CUPANI Metals of the very large anomaly just N
Slide 7: The Cu-Ni-PGE Blue Lake Project
The Cu-Ni-PGE Blue Lake Project Schefferville Menihek Dam • Quebec is one of the best jurisdictions for exploration and mining development • Modern infrastructures in Schefferville at 60 km • 80 km via potential land road or winter trail Sept-Iles – Schefferville • Under-utilized hydro-electric dam
Slide 8: The Blue Lake Claims cover all important occurrences of ultramafic rocks
The Blue Lake Claims cover all important occurrences of ultramafic rocks (purple) Over 200 km strike length of favorable ultramafic rocks
Slide 9: Discovery extends known mineralisation
Discovery extends known mineralisation 1.4 km from historical lens Blue Lake #2. Cupani now believes the entire Corridor (16 km) can hold mineralization. CU26-07: 1.8 meters of magmatic massive sulphides from 208.0 meters. CU26-08: 0.5 meters of magmatic massive sulphides from 256.35 meters.
Slide 10: Cross section of Pogo, Center and Blue Lake 2 lenses
Pogo (1.2 MT) dip 35° SW Center (1.1 MT) dip 25° SW Blue Lake 2 (1.0 MT) sub-horizontal dip 3-5° SE A’ 0.50 m MS @ 1.32 0.50 m CuEq MS 2.45 m A 1.80 m MS 2.35 m MS @ MS 1.74 CuEq
Slide 11: 4.3mt known in first 1/8th of High-Priority Corridor
4.3mt known in first 1/8th of High-Priority Corridor Corridor held but never drilled by Anglo American It is High Priority because the lenses are shallow and roughly flat lying. This is rare and very positive. Therefore lenses are easier to find. And easier to mine. Other Corridors exist els
Slide 12: Positioning Blue Lake Within the Global Nickel–Copper–PGE Deposit Spectrum
PGE Positioning Blue Lake Within the Global Nickel–Copper–PGE Deposit Spectrum PGE deposits Blue Lake is positioned as a balanced, polymetallic Ni–Cu–PGE deposit comparable to major global Nunavik camps, offering multiple revenue streams, greater Nickel resilience across metal cycles, and strong pot
Slide 13: The Assets
THE ASSETS The next 10 slides describe the Cupani advantages. Team Partners Historical Tonnage Rebates Future Infrastructure Summation of Prior Exploration Shallow Almost Horizontal Lenses
Slide 14: CUPANI Leadership & Geosciences Team
CUPANI Leadership & Geosciences Team CUPANI's leadership team combines decades of exploration expertise, proven discovery track records, and operational excellence to advance the Blue Lake Project through systematic exploration and responsible resource development. Brian Bosse, CFA Jacquelin Gauthie
Slide 15: Quebec: Where Geology Meets Stability
Quebec: Where Geology Meets Stability Quebec's Tier-1 status stems from exceptional geology, century-long mining tradition, proactive government support, established Indigenous consultation requirements, northern infrastructure investment, and stable legal/political frameworks. • Quebec's political
Slide 16: CUPANI Metals: Advancing Critical Metals in Quebec
CUPANI Metals: Advancing Critical Metals in Quebec CUPANI Metals Corp. is a Canadian exploration company focused on advancing the district-scale Blue Lake Copper-Nickel-Platinum-Palladium project in Quebec's prolific Labrador Trough. Regional Infrastructure Historical Foundation Expert Leadership Th
Slide 17: CUPANI Metals: Positioned for Success
CUPANI Metals: Positioned for Success Quebec's Blue Lake Project offers investors leveraged exposure to verified Cu-Ni-PGE mineralization with historical foundation, modern discovery upside, exceptional infrastructure, Indigenous collaboration, funded execution, and ESG leadership in a supply-constr
Slide 18: First Nations Partnership
First Nations Partnership Building genuine partnerships with the Innu Nation of Matimekush-Lac-John and Naskapi Nation of Kawawachikamach should create support from exploration to development. Both nations have various business interests already, including ownership in the railway from Schefferville
Slide 19: First Nations Leadership on Access
First Nations Leadership on Access “A potential access corridor could provide important long-term benefits for the Naskapi Nation … The Nuuhchiimiiu Maaskinuw Project will also explore creating pathways for the Nation to play a meaningful role in the ownership and management of infrastructure affect
Slide 20: Decades of Exploration Claim Consolidation prior to 2024
Decades of Exploration Claim Consolidation prior to 2024.
Slide 21: Blue Lake Project Historical Estimate
Blue Lake Project Historical Estimate Historical resource estimate of 4.37 million tonnes grading at 0.87% Cu, 0.52% Ni, and 0.84 g/t Pt-Pd, as reported by A.T. Avison in a La Fosse Platinum Group unpublished report from 1989. At the time, they were classified as indicated (not NI 43-101 compliant).
Slide 22: The Blue Lake Best Historical Intersections
CU_equ_26*0. DDH_ID Length Zone Cu Ni Pd Pd 8 The Blue Lake 83 6.4BL-1 2.15 1.27 0.69 0.75 0.18 Best Historical 80 7.52BL-1 1.93 1.09 0.67 0.61 0.15 903-12-008 8.04BL-1 1.26 0.60 0.44 0.62 0.16 Intersections 259 7.01BL-2 1.04 0.60 0.33 0.42 0.09 218 8.11BL-2 1.29 0.77 0.38 0.53 0.14 67-9 8.62BL-2 1.
Slide 23: Main Exploration Works Done before CUPANI
Main Exploration Works Done before CUPANI 1987-90 • 350-meter adit to take a 22- ton bulk sample • Metallurgical testing mainly to recover PGE • Heavy equipment from Schefferville to site over ice road • Tonnage grades pulled, piled, marked • Hand drawn map of grade sampling
Slide 24: 2025 Exploration Program: Blue Lake Zone
2025 Exploration Program: Blue Lake Zone Three-month geological prospecting campaign and state-of-the-art airborne survey prepare priority targets for winter 2026 drilling. Mapping & Prospecting • 90 days with 3 teams (geo + tech) late-June to late- September 2025. • Examined and described 1379 site
Slide 25: How Cu-Ni-PGE Deposits Form in Subvolcanic Environment
How Cu-Ni-PGE Deposits Form in Subvolcanic Environment This nested, three-stage diagram illustrates how Cu–Ni–PGE deposits form, and shows why observing blebs and/or net-textured sulphides in Mineralisation ultramafic rocks may be a good indication of potential massive sulphides at depth. • Hot, tur
Slide 26: Main Exploration Works Done before CUPANI
Main Exploration Works Done before CUPANI 1942 Gossans were discovered by Hollinger prospectors 1956 – 1976 Hollinger (Iron Ore), 83 ddh LaFosse Platinium • Ice road from Schefferville • Pre-fab exploration camp on 12 trailers 1987 – 1989 • 395 ddh • 350m adit, 22-ton bulk sample for metallurgical s
Slide 27: 2026 Drilling Proved the Magmatic Flow Theory via New Discovery 1.4kms Away
2026 Drilling Proved the Magmatic Flow Theory via New Discovery 1.4kms Away Photo 1: Massive pyrrhotite with about 10% chalcopyrite in regular bands at 85 degrees core angle . Center of photo was taken at 243.75m in hole CUP26-06
Slide 28: 2026 Drilling Proved the Magmatic Flow Theory via New Discovery 1.4kms Away
2026 Drilling Proved the Magmatic Flow Theory via New Discovery 1.4kms Away. Assay results for drill core imaged here are expected soon.
Slide 29: Exploration Reward
EXPLORATION REWARD The next 5 slides describe why this is risk smartly taken. An Infinite Duration Asset Exploration Analogue Deglobalization: USA vs China – stockpiling & tariffs. Deglobalization: Canada vs USA - 96mt in 2023. Public Comparables: PNPN, TALON Capital Cycle in Commodities: Supercycle
Slide 30: Just South of Blue Lake 2 / Raglan over Zone 5
Just South of Blue Lake 2 Raglan over Zone 5 Columnar Jointing Columnar Jointing Peridotite Peridotite
Slide 31: Raglan Mine: Proof of Concept for Blue Lake
Raglan Mine: Proof of Concept for Blue Lake Glencore’s Raglan Mine in northern Quebec serves as both a geological analogue and economic benchmark for the Blue Lake project, illustrating how well-managed exploration in this setting can expand Cu-Ni-PGE reserves faster than they are mined, supporting
Slide 32: How Cu-Ni-PGE Deposits Form in Subvolcanic Environment
How Cu-Ni-PGE Deposits Form in Subvolcanic Environment This nested, three-stage diagram illustrates how Cu–Ni–PGE deposits form, and shows why observing blebs and/or net-textured sulphides in Mineralisation ultramafic rocks may be a good indication of potential massive sulphides at depth. • Hot, tur
Slide 33: Carbon Free Advantage
Carbon Free Advantage Encouraging wind data at site, as per Raglan. Glencore cut their Raglan mine diesel bill by 18% after installing wind turbine with government assistance.
Slide 34: SuperCycles are Exploration Cycles: Supply pipeline inadequate
SuperCycles are Exploration Cycles: Supply pipeline inadequate.
Slide 35: SuperCycles are Capital Cycles: Mine ROIIC falling, grades falling
SuperCycles are Capital Cycles: Mine ROIIC falling, grades falling.
Slide 36: SuperCycles are Technology Cycles: Satellites found the Porphyry
SuperCycles are Technology Cycles: Satellites found the Porphyry
Slide 37: SuperCycles are Inflation Cycles: 14% of spot price just to find it
SuperCycles are Inflation Cycles: 14% of spot price just to find it!
Slide 38: SuperCycles are Risk Cycles: Copper success is rewarded
SuperCycles are Risk Cycles: Copper success is rewarded Each of Power Metallic and Talon have recently made important discoveries in the same rock type Cupani is searching. Violent stock price moves occurred.
Slide 39: Capital Structure
Capital Structure CUPANI Metals Corp. is a mineral exploration company focused on the Blue Lake copper-nickel-palladium-platinum-gold property located near Schefferville, Quebec, Canada. The Company is listed on the CSE under the symbol “CUPA”, and on the OTCQB Venture Market under the symbol “CUPIF
Slide 40: Exploring For Quebec's Next Major Cu-Ni-PGE Deposit
Exploring For Quebec’s Next Major Cu-Ni-PGE Deposit Contact: Stock Symbols: Brian Bosse, CEO & Director CSE: CUPA | OTCQB: CUPIF Phone: +1 (416) 844-5712 For detailed company information, news Email: Brian@cupanimetals.com releases, and financial filings, investors Website: cupanimetals.com can acce
Slide 41: The Case for Cu-Ni-PGE: Surging Global Demand
The Case for Cu-Ni-PGE: Surging Global Demand The global energy transition is driving unprecedented demand for critical metals, positioning copper, nickel, platinum, and palladium as essential commodities for the next two decades. Demand Growth & Key Drivers Supply Constraints & Price Signals +50% d
Slide 42: The Case for Copper (Cu): The Grid Backbone
The Case for Copper (Cu): The Grid Backbone Copper’s record prices, accelerating electrification, and deepening supply deficits are converging to create a durable, multi‑decade bull market for the metal. +50% 2–10 Mt Forecasts point to a ~2 Mt supply gap by 2030, S&P Global sees demand reaching ~42
Slide 43: The Case for Nickel (Ni)
The Case for Nickel (Ni): Nickel’s bull case rests on prices forming a floor as EV-battery electrification demand accelerates, while supply remains highly policy-sensitive (especially in Indonesia), creating the potential for tighter balances and upside volatility into 2030. 3.9–4.7 Mt 260–270 Mt Gl
Slide 44: The Case for Platinum Group of Elements (PGEs)
The Case for Platinum Group of Elements (PGEs) PGEs look bullish: rebounding prices, platinum-for-palladium autocatalyst substitution, South Africa–concentrated supply risk, and hydrogen electrification tied to scarce iridium. 540,000 oz 77.5% South Africa accounts for ~77.5% of global platinum Auto
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