Fireweed Metals Corp. · TSXV:FWZ
Fireweed Metals — Investor Presentation (January 2025)
37 slides from Fireweed Metals's investor presentation, January 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 – January 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: Investment Highlights
INVESTMENT HIGHLIGHTS Critical Metals District in the Making: Owner of a 985 km2 land package, which includes the Macpass zinc-lead-silver-(gallium-germanium) and Mactung tungsten projects, two of the world's largest undeveloped resources in their class1 Macpass is Among the World’s Largest Undevelo
Slide 4: Fireweed Capital Structure
FIREWEED CAPITAL STRUCTURE Strong support from Strategic Shareholders Shares Outstanding 180,816,104 Shares Issuable Under Stock Option Plan 12,924,000 Lundin Trust 18.8% Performance Shares 2,500,000 Agents Warrants 0 Larry Childress Investor Warrants 0 12.5% Other 52.9% Fully Diluted 196,240,104 Ca
Slide 5: Leadership, Management and Board of Directors
LEADERSHIP Adam Lundin Ian Gibbs Chairman Director, President & CEO Lundin Mining Corporation - Chairman Filo Corp. – CFO, $4.5 bln exit Filo Corp. – Chairman, $4.5 bln exit Josemaría Resources – CFO, $625 M exit Josemaría Resources – Director, President & CEO, $625 M exit Africa Oil Cor
Slide 6: Project Locations & Existing Infrastructure
PROJECT LOCATIONS & EXISTING INFRASTRUCTURE N Macpass District Gayna (Zn-Pb-Ag) Project Macpass (Zn-Pb-Ag) & 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 deposits
Slide 7: Regional Geology
REGIONAL GEOLOGY Macpass is Located at the Heart of a Fastly Developing Natural Resource Hub Dublin Alaska Northwest Gulch Territories Keno Valley Hill Mactung King Tut Macpass Faro Howard’s Pass Yukon Ross River N Cantung Major Zn-Pb-Ag Deposit Whitehorse Major W Deposit Major Au Deposit or Project
Slide 8: Creating a District
CREATING A DISTRICT With Potential for further Discoveries, We Believe We Have Only Scratched the Surface Looking northwest TSX-V: FWZ | FireweedMetals.com 8
Slide 9: Macpass Project Overview
Macpass Project Overview 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. 9 TSX-V: FWZ | FireweedMetals.com 9
Slide 10: Macpass Overview
MACPASS OVERVIEW Multiple Large-scale Sediment Hosted Zinc-primary deposits Forming One of the World’s Largest Undeveloped Zinc Districts1 The Macpass District Macpass 2024 MRE 55.98 Mt at 7.27% ZnEq 1 (5.49% Zn, 1.58% Pb, and 24.2 g/t Ag) Indicated 37 km2 48.46 Mt at+7.48% ZnEq 1 Inferred (5.15% Zn
Slide 11: 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 Assets Globally, Representing One of The World’s Largest Undeveloped Global Resource - Contained Metal (Mt ZnEq)1 Zinc As
Slide 12: Exploration Program Overviews
EXPLORATION PROGRAM OVERVIEWS +16,000 m Drilling 2024 Program Focused on a combination of step-out holes at Boundary Zone, Tom South and Jason South as well as exploration drilling at new targets Regional Exploration Gravity, VTEM, LiDAR, Soil Sampling, and Muon Survey Targeted Exploration 2025 Inte
Slide 13: 2024 Program Highlights
2024 PROGRAM HIGHLIGHTS Boundary Step-outs Popcorn Discovery Tom 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 at 3.98
Slide 14: District Potential
DISTRICT POTENTIAL Genetic Model and Geophysical Anomalies in the Macpass District Suggest the Potential for Further Discoveries Structural and Stratigraphic Control: The Tom, Jason, End Zone, and Boundary Zone deposits are located along structurally and stratigraphically controlled feeder-fault s
Slide 15: Mactung Project Overview
Mactung Project Overview 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 15
Slide 16: 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 Host to a large tungsten deposit, 100% owned by Fireweed Adjacent to Macpass, and access via the North Canol Road and the Macmillan Pass aerodrome Extensive drilling,
Slide 17: 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 18: Mactung DPA Program Timeline
MACTUNG DPA PROGRAM TIMELINE
Slide 19: U.S. DPA & Canada CMIF Grants
U.S. DPA & CANADA CMIF GRANTS U.S. Defense Production Act (DPA) Title III Grant Canadian Critical Mineral Infrastructure Fund Grant Grant Grant US$15.8 M C$12.9 M1 Objective Objective Advance Mactung to a Final Investment Decision (FID), a key precursor to Advance the planning efforts to enable infr
Slide 20: Gayna Project Overview
Gayna Project Overview 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 20
Slide 21: 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 Minerals • 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, li
Slide 22: 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 22
Slide 23: Appendix
Appendix 23 TSX-V: FWZ | FireweedMetals.com 23
Slide 24: About Fireweed Metals
ABOUT FIREWEED METALS Fireweed is a Canadian company with the mission to explore and develop critical mineral assets through progressive leadership, high standards, innovation, and collaborative partnerships for the benefit of present and future generations. OUR VISION Fireweed Metals will sustainab
Slide 25: Our Values
OUR VALUES INTEGRITY Honesty, Transparency, Accountability RESPECT PARTNERSHIPS For stakeholders Progressive, Environmental Stewardship, Social Stewardship, Value Creation For Indigenous partners For shareholders PEOPLE Inclusivity, Collaboration, Health & Safety TSX-V: FWZ | FireweedMetals.com 25
Slide 26: 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 26
Slide 27: Leveraging Cutting Edge Technologies
LEVERAGING CUTTING EDGE TECHNOLOGIES Automated core cutting to improve speed, efficiency, and reduce job hazard and fatigue Automated core scanning to improve data capture for future interpretation and validation Directional drilling techniques to improve drilling efficiency and accuracy 27
Slide 28: 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 GP Food Security Industrial Applications Energy Storage Electronics Tungsten is an extremely versat
Slide 29: Why Zinc?
WHY ZINC? TSX-V: FWZ | FireweedMetals.com 29
Slide 30: Why Tungsten?
WHY TUNGSTEN? TSX-V: FWZ | FireweedMetals.com 30
Slide 31: 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. CHINA MARKET DOMINATION Chemical / Petrochemic
Slide 32: 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 33: 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 34: 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 35: 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 36: Macpass 2024 MRE
MACPASS 2024 MRE Category Deposit Tonnage Grade Contained Metal ZnEq 1 Zn Pb Ag Zn Pb Ag (Mt) (%) (%) (%) (g/t) (M lbs) (M lbs) (M oz) Tom 17.52 9.90% 6.30% 3.34% 33.0 2,435 1,291 18.56 Jason 3.80 9.09% 7.62% 1.86% 1.7 638 156 nn Indicated End Zone 0.34 16.15% 3.81% 12.32% 86.2 29 93 0.95 Boundary 3
Slide 37: 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
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