Greenlight Metals Inc · TSXV:GRL
Greenlight Metals — Investor Presentation (October 2025)
20 slides from Greenlight Metals's investor presentation, October 2025
Slide 1: America's Next Premier Mining District: Wisconsin
AMERICA’S NEXT PREMIER MINING DISTRICT: WISCONSIN The Penokean Volcanic Belt: Among North America’s Most Prospective VMS Belts TSX-V: GRL | October 2025 *Aerial view of Flambeau open pit operating in 1995
Slide 2: Legal Disclaimer
Legal Disclaimer General This presentation has been prepared by GreenLight Metals Inc. (the “Company” or “GreenLight”) and is based on public information and the Company’s confidential information. This presentation is provided solely for informational purposes and is being made on a confidential ba
Slide 3: Laying the groundwork to create the next critical minerals champion in Wisconsin
Laying the groundwork to create the next critical minerals champion in the State of Wisconsin FIRST MOVER ADVANTAGE IN ONE OF NORTH AMERICA’S MOST PROSPECTIVE VMS BELTS First mover advantage in one of North America’s most Wisconsin focused team with track record of prospective VMS belts – Penokean V
Slide 4: Leadership Team: significant representation from Wisconsinites
Leadership Team: significant representation from Wisconsinites Core Leadership Team • 15 years experience in • 15+ years experience in • 30+ years experience mineral exploration, mine corporate development, focused in natural resource development, and corporate investor relations, mineral project pe
Slide 5: Wisconsin: rich mining history with untapped potential
Wisconsin: rich mining history with untapped potential Wisconsin: storied • Penokean Volcanic Belt was actively explored and mined mining history dating from 1960s-1997 back to the 1800s • Richly endowed with Cu / Zn, +40 blue chip mining with numerous lead, companies explored PVB before 1997; 14 de
Slide 6: Share Structure & Ownership Summary
Share Structure & Ownership Summary Share Structure1 Approx. Ownership Breakdown1 Current Basic Shares Outstanding 66.1M 7% Warrants (C$0.48 avg. strike) 7.3M 22% Retail & HNW Institutions Stock Options (C$0.30 avg. strike) 5.0M Insiders & Management 71% RSUs 1.1M DSUs 1.1M Top Institutional Investo
Slide 7: Wisconsin Portfolio: high quality projects along untapped VMS belt
Wisconsin Portfolio: high quality projects along untapped VMS belt Bend Flambeau (Rio Tinto) • VMS deposit; UG potential with high- • Successfully permitted in 4-years grade copper, gold & tellurium • Operating mine (1993-1998); ore • Same trend as former producing and direct shipped to Kidd Creek M
Slide 8: Penokean Volcanic Belt: Underexplored Potential
Penokean Volcanic Belt: Underexplored Potential 8 AMERICA’S NEXT PREMIER MINING DISTRICT: W ISCONSIN | TSX-V: GRL INVESTOR PRESENTATION
Slide 9: VMS Deposits: the gift that keeps on giving…
VMS Deposits: the gift that keeps on giving… What is a VMS Deposit? VMS Deposit Schematic • Volcanogenic Massive Sulfide (VMS) deposits are one of the richest sources of metals such as copper, lead, and zinc globally. • VMS deposits can also produce economic amounts of gold and silver as byproducts
Slide 10: Bend Copper-Gold Project (with high tellurium concentrations)
Bend Copper-Gold Project (with high tellurium concentrations) VMS deposit with underground mining potential located ~35 miles southeast of former producing Flambeau mine 10 Asset Overview 1,2 Historical Drilling 1,2 A B90-6 A’ • 100% owned, historical-resource stage VMS deposit; located 19 B90-2 B90
Slide 11: Bend Copper-Gold Project (cont'd)
Bend Copper-Gold Project (cont’d) Current phase of drilling focused on testing mineralized horizon along strike to NE of Soo Line 40 acres Strategy1,2 Plan View1,2 • Resource expansion drilling program will focus on: Anomalies • ~2,000 meters testing the mineralized horizon along strike to Identifie
Slide 12: Bend Copper-Gold Project: Phase 1 Drill Program
Bend Copper-Gold Project: Phase 1 Drill Program Program intercepted significant copper-rich VMS mineralization including 22.24 meters of 3.02 g/t Gold and 2.03% Copper (5.27% CuEq) in Hole B25-004 Highlights1 Plan View1 • Phase 1 Program Complete: Six-hole program completed, targeting eastern extens
Slide 13: Bend Copper-Gold Project: Drill Program (cont'd)
Bend Copper-Gold Project: Drill Program (cont’d) Phase 2 – Next Steps Cross Section A-A’ Next Steps1 Looking West – 15° South • Pending Assays: Results for final hole B25-006 expected in November 2025 • Phase 2: Planning underway for an expanded (5,000-6,000) meter winter drill program on both: • Pr
Slide 14: Lobo & Lobo East
Lobo & Lobo East High-grade massive sulfide discovery next door to Crandon: major undeveloped VMS deposit Asset Overview Lobo Historical Drilling1 Lobo • 100% owned high-grade massive sulfide discovery • Several holes intersected high-grade mineralization at depths ranging from ~60m to ~340m. • Zone
Slide 15: Reef High-Grade Gold Project
Reef High-Grade Gold Project Reef hosts a high-grade historical resource which is open in all directions with the potential for significant expansion† Asset Overview Historical Drilling1 • Historical resource stage orogenic shear zone hosted vein-type • Key drill intercepts from 2011-2012 drill prog
Slide 16: Reef High-Grade Gold Project (cont'd)
Reef High-Grade Gold Project (cont’d) Reef demonstrates potential for additional mineralized zones peripheral to current deposit Strategy Resource Model – Looking South1 • Resource expansion drilling will focus on: • ~2,000 meters planned to confirm mineralization along strike and down dip • Mineral
Slide 17: Investment Highlights
Investment Highlights Excellent Geology Growth Strategy Financial Backing Penokean Volcanic Belt – Control of three of the Belt’s Long-term institutional reopened prospective greenstone most prospective deposits; belt, host to high-grade shareholders, high-net-worth strategy focused on resource poly
Slide 18: Appendix
Appendix
Slide 19: Kalium Canyon Gold Property (Nevada)
Kalium Canyon Gold Property (Nevada) Kalium Canyon contains several low-sulphidation epithermal targets within the productive Walker Lane Trend of Nevada Asset Overview1 Project Location • 100% owned property surrounded by significant and established gold projects; previously assessed by Premier Gol
Slide 20: U.S. Office and Corporate Office
U.S. Office: N4480 Co. Rd. East Medford, WI 54451 Corporate Office: 141 Adelaide St W, Suite 520 Toronto, ON M5H 3L5
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