Metalquest Mining Inc · TSXV:MQM
Metalquest Mining — Investor Presentation (May 2026)
27 slides from Metalquest Mining's investor presentation, May 2026
Slide 1: H1-2026 Corporate Presentation
H1-2026 Corporate Presentation MetalQuest Mining A Strategic Critical Metals Development Company
Slide 2: Disclaimers
DISCLAIMERS SAFE HARBOUR STATEMENT FORWARD-LOOKING STATEMENTS This report includes forward-looking statements covered by the Certain information presented, including discussions of future Private Securities Litigation Reform Act of 1995. Because such plans and operations, contains forward-looking st
Slide 3: A Strategic Critical Metals Development Company
A Strategic Critical Metals Development Company • MQM is a diversified critical metals development company • Focused on Advancing one of North America’s largest Iron Ore Projects • Senior development, exploration, and financial management team, controlling approximately 45% of the company on a fully
Slide 4: A Strategic Critical Metals Development Company
A Strategic Critical Metals Development Company Lac Otelnuk Iron Ore Project, Labrador Trough, Quebec – Development Stage Superior Iron Project, Labrador Trough, Quebec – Exploration Stage Ring of Fire, Critical Minerals District, Ontario – Project Acquisition and Exploration Stage District Potentia
Slide 5: MetalQuest Mining Corporate Overview Shareholders
MetalQuest Mining CORPORATE OVERVIEW SHAREHOLDERS CAPITAL STRUCTURE • MANAGEMENT – 35.01%* ISSUED & 48,919,524 OUTSTANDING • NEW AGE METALS – 14.39%* 6,310,000 OPTIONS • PUBLIC FLOAT – 50.6%* 10,559,478 WARRANTS * Values approximated ~$14.7M MARKET CAP $0.30 SHARE PRICE 2 CASH + Marketable Securitie
Slide 6: MQM - Management and Board of Directors
MQM - Management and Board of Directors HARRY BARR Robert Guanzon Gordon Chunnett CHAIRMAN & CEO CHIEF FINANCIAL OFFICER DIRECTOR Gary Moore, MBA Charlotte Brown DR. Bill Stone DIRECTOR CORPORATE SECRETARY LEAD GEOSCIENCE CONSULTANT Max Kaczmer (P. Geo) Ali Alizadeh M.Sc MBA, PGeo SENIOR GEOSCIENCE
Slide 7: Lac Otelnuk Iron Ore Project
Lac Otelnuk Iron Ore Project Labrador Trough, Quebec, Canada H1 2026 MetalQuestMining.com • TSX.V: MQM • OTCQB: MQMIF • FSE: E7Q 7
Slide 8: Lac Otelnuk Iron Ore Project
Lac Otelnuk Iron Ore Project (100% Owned by MQM) Labrador Trough, Quebec, Canada Laying the Metal Foundation for the World’s Next Generation of Mega-Structures ● World-Class, 100%-Owned Iron Ore Asset in Québec’s Labrador Trough ○ 20 billion tonnes of historic M&I resources (With an additional 6.84
Slide 9: Lac Otelnuk Project History
Lac Otelnuk Project History H1 2026 MetalQuestMining.com • TSX.V: MQM • OTCQB: MQMIF • FSE: E7Q 9
Slide 10: Critical Minerals Project
Critical Minerals Project • High purity iron ore is now a critical mineral in Quebec and Canada. . • Just recently, Canadian federal government declared high-purity iron as a critical mineral in Canada. The following is an excerpt from the Critical Minerals List published by Canada. • First released
Slide 11: Property Description
Property Description Claim Ownership MetalQuest Mining (MQM) holds a total of 306 mineral claims in the delineated block. This includes a concentration of 75 strategically located claims in the central portion, encompassing the primary resource area. Geological Structure The geological structure of
Slide 12: Historical Estimates
Historical Estimates The open-pit design for this project is focused on the central resource area and is expected to support a 30-year mine life based on current plans. However, historical studies, including the 2015 report, highlighted the potential for a 100-year mine life, indicating significant
Slide 13: Historical 2015 Feasibility Study
Historical 2015 Feasibility Study • The historic 2015 Feasibility Study (FS) for the Lac Otelnuk project outlined one of the largest undeveloped iron ore deposits globally, with the potential for a 100-year mine life under full development. • Focused initially on the central resource area, the study
Slide 14: Historical 2015 Feasibility Report Economic Analysis
Historical 2015 Feasibility Report Economic Analysis Description Units Results Production - Mineralization Mt 4,993 Production - Concentrate @ 68.5% Fe Mt 139,123.40 Revenue USD $B 135.8788 Capital Costs USD $B 14.1864 Before Taxes After Taxes Operating Costs USD $B 42.3608 Project IRR* 15.80% 13.00
Slide 15: 2026 Technical Gap Analysis
2026 Technical Gap Analysis • What was assessed? (AtkinsRéalis) • Independent review of the 2015 Feasibility Study by AtkinsRéalis to validate development potential, permitting viability, and engineering completeness versus current regulations. • Outcome: Gap Analysis completed February 18, 2026. No
Slide 16: First Nation Relationship and Community Development
First Nation Relationship and Community Development Exploration and Pre-Development Agreement with Naskapi First Nation of Kawawachikamach On December 12, 2023, MQM entered into an agreement with the Naskapi First Nation of Quebec, the traditional stewards of the land encompassing the Lac Otelnuk Ir
Slide 17: Proposed Rail Corridor Routing
Proposed Rail Corridor Routing • Based on MQM’s logistical requirements to access a year- round operational port for exporting iron ore to international markets, WGM has outlined the following three potential routes; • Lac Otelnuk to Happy Valley-Goose Bay • Lac Otelnuk to Sept-Îles • Lac Otelnuk to
Slide 18: Proposed Road
Proposed Road H1 2026 MetalQuestMining.com • TSX.V: MQM • OTCQB: MQMIF • FSE: E7Q 18
Slide 19: Go-Forward Plan
Go-Forward Plan Path to Updated Feasibility Study – Lac O Project • Advance Studies: Progress ongoing High-Level Scoping Studies (HLSS) through an updated NI 43-101 Pre-Feasibility Study (PFS), leading to a refreshed Feasibility Study (FS) • Implementing recommendations from the completed AtkinsRéal
Slide 20: MetalQuest Go-Forward Plan
MetalQuest Go-Forward Plan Above timeline financed by MetalQuest – if a successful partnership with Major, the timeline will be accelerated H1 2026 MetalQuestMining.com • TSX.V: MQM • OTCQB: MQMIF • FSE: E7Q 20
Slide 21: Superior Iron Project
Superior Iron Project The Superior Iron Project dramatically increases MQM’s total project portfolio in the Labrador Trough. Superior Iron Project has a total of 27,425 hectares (67,770 acres), solidifying its position as one of the largest junior exploration and development company in this prolific
Slide 22: Recent Investments in the Labrador Trough, Quebec - Cyclone Metals and Vale
Recent Investments in the Labrador Trough, Quebec - Cyclone Metals and Vale • Nearby major investment signal: Vale and Cyclone Metals initiated development of the Iron Bear Project (~100 km south) in Feb 2025, with USD $18M committed and a path to a AUD $200M JV (75% Vale interest). • Same iron ore
Slide 23: MQM in Ontario's Kenora Mining District West Cameron Gold Project
MQM in Ontario’s Kenora Mining District West Cameron Gold Project • MetalQuest Mining completed due diligence and elected to proceed with the option to acquire a 100% interest in the West Cameron Gold Project (March 12, 2026), with TSX-V Exchange approval received March 17, 2026. • Approximately 1,7
Slide 24: MQM in Ontario's Ring of Fire Ring Of Fire Project
MQM in Ontario’s Ring of Fire Ring Of Fire 1 Project - MQM targets Ontario’s Ring of Fire: Company launches a district-scale acquisition strategy in one of Canada’s most important emerging critical-minerals camps. - Road construction catalyst: Ontario released an accelerated construction plan in Mar
Slide 25: MQM in Ontario's Ring of Fire Fishhook Polymetallic Project
MQM in Ontario’s Ring of Fire Fishhook Polymetallic Project • District-Scale Ring of Fire Footprint: MQM has staked ~1,094 contiguous claims (~22,000 hectares) in Northern Ontario’s Ring of Fire region. • nfrastructure & Regional Momentum: Ontario's accelerated Ring of Fire road plan (construction s
Slide 26: Why the Ring of Fire?
Why the Ring of Fire? Major cycle resets create mispriced assets: large projects can stall for years due to infrastructure + permitting complexity Cliffs example (reset moment): in 2015, Cliffs sold its Ring of Fire chromite assets to Noront for US$20M — a clear “distressed-value” entry point for th
Slide 27: Thank You
THANK YOU FOR MORE INFORMATION CONTACT US AT : 1-613-659-2773 info@mqmining.com SIGN UP TO RECEIVE COMPANY UPDATES : https://MetalQuestMining. com/ Icon A cloud in the sky Icon Icon Icon Description automatically generated Description automatically generated with medium Description automatically gen