Fireweed Metals Corp. · TSXV:FWZ
Fireweed Metals — Investor Presentation (March 2025)
41 slides from Fireweed Metals's investor presentation, March 2025
Slide 1: Defining a Multi-Generational Metals District
TSX-V: FWZ | OTCQX: FWEDF | FSE: M0G DEFINING A MULTI-GENERATIONAL METALS DISTRICT Proud member of the Corporate Presentation – March 2025
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS Forward-Looking Statements This presentation contains “forward-looking” statements and information relating to the Company, Macpass and Mactung Projects that are based on the beliefs of Company management, as well assumptions made by and information currently available to Compa
Slide 3: Project Locations & Existing Infrastructure
PROJECT LOCATIONS & EXISTING INFRASTRUCTURE N Macpass District Gayna (Zn-Pb-Ag) Project Macpass (Zn-Pb-Ag-Ga-Ge) & Mactung (W) Projects Early-stage project with a geologic setting and (~985 km2 land package) mineralization in-line with high-grade reef-style Macpass: multiple large-scale sediment dep
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS Continuing to Build off the Momentum from 2024 Advancing a Critical Metals District: Owner of a 985 km2 land package, comprising two of the world’s largest undeveloped resources in their class:1 Mactung (tungsten) The world largest high-grade tungsten deposit1 Macpass (Zinc-Lea
Slide 5: Fireweed Corporate Overview
FIREWEED CORPORATE OVERVIEW Capital Structure Fireweed Share Price Performance (LTM)1 Share Price1 (C$ / sh) $1.55 Issued & O/S Shares1,2 (M shares) 181.9 Market Cap. (C$ M) $281.9 52-week High / Low (C$ / sh) $1.76 / $0.99 Cash Balance3 (C$ M) $29.5 Analyst Coverage 1 Market data as of February 28,
Slide 6: Leadership
LEADERSHIP Adam Lundin Ian Gibbs Chairman Director, President & CEO ▪ Lundin Mining Corporation - Chairman ▪ Filo Corp. – CFO ▪ Filo Corp. – Chairman ▪ Josemaría Resources – CFO ▪ Josemaría Resources – Director, President & CEO ▪ Africa Oil Corp.– CFO ▪ NGEx Minerals, Lucara Diamond – Director ▪ Tan
Slide 7: Regional Geology
REGIONAL GEOLOGY Macpass is Located at the Heart of a Fastly Developing Natural Resource Hub Dublin Alaska Northwest Gulch Tom Territories bst Keno one Valley Be Hill lt Mactung Sel wy n King Tut Macpass B Faro as Howard’s Pass i n Yukon Ross River N Cantung Major Zn-Pb-Ag Deposit Whitehorse Major W
Slide 8: Mactung Project
Mactung Project A Strategic North American Tungsten Resource We respectfully acknowledge that the Mactung Project is located on the Traditional Territories of the Kaska Dena Nation and the First Nation of Na-Cho Nyäk Dun, and the Sahtu Settlement Area. TSX-V: FWZ | FireweedMetals.com 8
Slide 9: The World's Largest High-Grade Tungsten Deposit
THE WORLD’S LARGEST HIGH-GRADE TUNGSTEN DEPOSIT Leading the Way in Unlocking our Critical Metals District Mactung Highlights 948km2 ✓ Host to a large, high-grade, tungsten deposit, 100% owned by Fireweed ✓ Adjacent to Macpass, and accessible via the North Canol Road and the Macmillan Pass aerodrome
Slide 10: U.S. DPA & Canada CMIF Awards
U.S. DPA & CANADA CMIF AWARDS U.S. Defense Production Act (DPA) Title III Canadian Critical Mineral Infrastructure Fund US$15.8 M C$12.9 M1 Objective Objective Advance Mactung to a Final Investment Decision (“FID”), a key precursor to Advance planning efforts to enable infrastructure improvements th
Slide 11: Mactung Stands Out
MACTUNG STANDS OUT Mactung is an Outlier in the Tungsten Space, with Both Significant Scale and Outstanding Grade Mactung 2023 Resource Estimate WO3 Grade Contained Category Tonnage (Mt) (%) WO3 (mtu)* Indicated (underground) 12.17 1.05% 12,789,000 Indicated (open pit) 29.32 0.59% 17,367,000 Total I
Slide 12: Mactung DPA Program Timeline
MACTUNG DPA PROGRAM TIMELINE Note: estimated timeline TSX-V: FWZ | FireweedMetals.com
Slide 13: Macpass Project
Macpass Project Rapidly-growing District We respectfully acknowledge that the Macpass Project is located on the Traditional Territories of the Kaska Dena Nation and the First Nation of Na-Cho Nyäk Dun. 13 TSX-V: FWZ | FireweedMetals.com 13
Slide 14: Macpass District
MACPASS DISTRICT Multiple Large-scale Sediment Hosted Zinc-primary deposits Forming One of the World’s Largest Undeveloped Zinc Districts1 Macpass 2024 MRE The Macpass District 55.98 Mt at 7.27% ZnEq 2,3 (5.49% Zn, 1.58% Pb, and 24.2 g/t Ag) Indicated + 948km2 48.46 Mt at 7.48% ZnEq 2,3 (5.15% Zn, 2
Slide 15: Macpass Relative Positioning
MACPASS RELATIVE POSITIONING Select Zinc-primary Development Assets - Ranked by Contained Metal (Mt ZnEq ; % ZnEq)* Macpass 2024 Mineral Resource Ranks Within the Top Development Global Resource - Contained Metal (Mt ZnEq)1 Assets Globally, Representing One of The World’s Largest Undeveloped Zinc As
Slide 16: Field Program Overviews
FIELD PROGRAM OVERVIEWS 2024 Program Overview - Macpass +16,000 m Drilling Regional Exploration Activities Combination of step-out holes at Boundary Zone, Tom South Gravity, VTEM, LiDAR, soil Sampling, and Muon Survey and Jason South + exploration drilling at new targets Successful high-grade step-o
Slide 17: 2024 Program Highlights
2024 PROGRAM HIGHLIGHTS Boundary Step-outs Popcorn Discovery Tom South Step-outs (600m Northeast of Boundary) Upper Zone Prime Zone NB24-024: 19.73 m NB24-014: 54.58 m of 8.68% NB24-002: 54.75 NB24-004: 46.03 TS24-002: 15.12 m at TS24-001: 18.15 m at of 9.40% Zn, 1.07% Zn, 3.68% Pb, and 87.4 g/t m a
Slide 18: District Potential
DISTRICT POTENTIAL Genetic Model and Geophysical Anomalies in the Macpass District Suggest the Potential for Further Discoveries Structural and Stratigraphic Control Tom, Jason, End Zone, and Boundary deposits are located along 5-10 km spaced feeder-fault splays of the Macmillan-Hess Fault System PO
Slide 19: Gayna Project
Gayna Project High Impact Frontier Exploration We respectfully acknowledge that the Gayna Project is located within Settlement Areas of Sahtu and Gwich’in, and the Traditional Territory of First Nation of Na-Cho Nyäk Dun. TSX-V: FWZ | FireweedMetals.com 19
Slide 20: Exploration Potential for Zinc, Germanium, Gallium, Lead, and Silver
EXPLORATION POTENTIAL FOR ZINC, GERMANIUM, GALLIUM, LEAD, AND SILVER Gayna Provides Optionality and Further Exposure to Critical Metals • Located 180 km north of Macpass, in the Mackenzie Mountains, NWT • Gayna's geological setting and mineralization are similar to that of a reef-style deposit, like
Slide 21: Thank you!
Thank you! Please visit us online at fireweedmetals.com and follow for updates. Fireweed Metals Corp. Head Office Suite 2800, Four Bentall Centre TSX-V: FWZ +1 (604) 689-7842 1055 Dunsmuir Street OTCQX: FWEDF info@fireweedmetals.com PO Box 49225 Vancouver, BC V7X 1L2 FSE: M0G 21
Slide 22: Appendix
Appendix 22 TSX-V: FWZ | FireweedMetals.com 22
Slide 23: About Fireweed Metals
ABOUT FIREWEED METALS Fireweed is a Canadian company with the mission to explore and develop critical metals assets through progressive leadership, high standards, innovation, and collaborative partnerships for the benefit of present and future generations. OUR VISION Fireweed Metals will sustainabl
Slide 24: Our Values
2 4 OUR VALUES INTEGRITY Honesty, transparency, accountability, environmental and social stewardship Respect PARTNERSHIPS Creating opportunities, realizing benefits, advancing together for the Land and People PEOPLE Inclusivity, collaboration, health & safety TSX-V: FWZ | FireweedMetals.com 24
Slide 25: Sustainability Approach
SUSTAINABILITY APPROACH • Implement robust practices informed by the aspirations and interests of Indigenous peoples • Be environmentally and socially responsible • Seek the consent of local Indigenous groups TSX-V: FWZ | FireweedMetals.com 25
Slide 26: Commodity Fundamentals
COMMODITY FUNDAMENTALS MP Zinc's unique properties make it an essential metal for everyday life. Zinc plays a crucial role in: ▪ Renewable Energy ▪ Healthcare ▪ Transportation ▪ Infrastructure ▪ Food Security ▪ Industrial Applications GP ▪ Energy Storage ▪ Electronics Tungsten is an extremely versat
Slide 27: Why Zinc?
WHY ZINC? TSX-V: FWZ | FireweedMetals.com 27
Slide 28: Why Tungsten?
WHY TUNGSTEN? TSX-V: FWZ | FireweedMetals.com 28
Slide 29: Why Mactung?
WHY MACTUNG? Defence 8% Energy 6% Medical / Pharmaceutical 1% Consumer CRITICAL METAL Durables 9% Transport 26% The U.S., Canada and the EU have designated tungsten a critical metal. It has extreme physical characteristics necessary for many industries. Chemical / CHINA MARKET DOMINATION Petrochemic
Slide 30: 2024 Macpass Deposit Geology
2024 MACPASS DEPOSIT GEOLOGY Early-stage Mineralization - Two Step Genetic Model ▪ Stratiform, Sediment-Hosted Zn-Pb-Ag Deposits: The Tom, Jason, End Zone, and Boundary Zone deposits are examples of 1 clastic-dominated (CD) sediment-hosted massive sulphide deposits 1 ▪ Mineralization Model Reinterpr
Slide 31: Boundary Zone
BOUNDARY ZONE Looking North Open Pit Extent NB19-002: 230 m of 4.51% Zn from surface, including 100 m of 8.73% Zn, with 6.4m of 43.5% Zn NB20-002: 213 m of 4.42% Zn, including 25.58% Zn over 5.81 m NB21-002: 32.99 m of 9.91% Zn and 10,42 m of 23.77% Zn NB22-002: 124.5 m of 12.3% Zn, 1.3% Pb, 45.9 g/
Slide 32: Boundary Zone (Cont'd)
BOUNDARY ZONE (CONT’D) TSX-V: FWZ | FireweedMetals.com 32
Slide 33: Boundary Zone (Cont'd)
BOUNDARY ZONE (CONT’D) TSX-V: FWZ | FireweedMetals.com 33
Slide 34: Boundary Zone (Cont'd)
BOUNDARY ZONE (CONT’D) TSX-V: FWZ | FireweedMetals.com 34
Slide 35: Boundary Zone (Cont'd)
BOUNDARY ZONE (CONT’D) TSX-V: FWZ | FireweedMetals.com 35
Slide 36: Tom
TOM Holes TS23-009, TS23-009D1 and TS23-009D2 intersected the new Tom South zone. There is substantial potential in this zone beyond what was intersected — up and down dip, as well as along strike potentially connecting Tom West and Tom Southeast Tom East Tom Southeast Tom West Underground Tom East
Slide 37: Tom (Cont'd)
TOM (CONT’D) TS24-002: 15.12 m at 10.39% Zn, 18.10% Pb, and 296.9 g/t Ag TS24-001: 18.15 m at 9.02% Zn, 7.46% Pb, and 148.3 g/t Ag TSX-V: FWZ | FireweedMetals.com 37
Slide 38: Jason
JASON Step-out intercepts at Jason South to drive resource expansion at Jason. Jason Main Underground Open Pit Block Model ZnEq% Jason South HIGH GRADE Underground JS23-001D1 intersected 25.57 m grading 3.75% Zn. 2.50% Pb, and 30.7 g/t Ag, including 16.97 m grading 4.18% Zn, 2.98% Pb, and 2023 drill
Slide 39: Jason (Cont'd)
JASON (CONT’D) TSX-V: FWZ | FireweedMetals.com 39
Slide 40: Macpass 2024 MRE
MACPASS 2024 MRE Macpass 2024 MRE Gallium & Germanium Content Category Deposit Tonnage Grade Contained Metal Category Deposit Tonnage Grade Contained Metal 1 ZnEq 1 Zn Pb Ag Zn Pb Ag Ga Ge Ga Ge (Mt) (%) (%) (%) (g/t) (M lbs) (M lbs) (M oz) (Mt) (g/t) (g/t) (kg) (kg) Tom 17.52 9.90% 6.30% 3.34% 33.0
Slide 41: Resource Footnotes
RESOURCE FOOTNOTES • All mineral resources have been estimated in accordance with CIM definitions, as required under NI 43-101. • Data for this mineral resource estimate has been independently reviewed and validated by a third-party consultancy, SLR Consulting (Canada) Ltd. • Pierre Landry P.Geo. of