Ev Nickel Inc. · TSXV:EVNI
Ev Nickel — Investor Presentation (June 2023)
52 slides from Ev Nickel's investor presentation, June 2023
Slide 1: The world needs our Clean Nickel
The world needs our Clean NickelTM June, 2023 Accelerating the Clean Energy Transition
Slide 2: Disclaimer
Disclaimer This presentation contains certain forward-looking information and forward-looking The Company does not make any representation as to the accuracy of such information. statements (collectively, “forward-looking statements”) within the meaning of applicable This presentation does not const
Slide 3: NEW- Updated Resource for the High-Grade W4
NEW- Updated Resource for the High-Grade W4 • Measured + Indicated 31.3M lbs @ 0.98% Ni (2.1x the 2010 estimate*) • Inferred- 12.1M lbs @ 0.98% Ni (3.6x 2010) • 72% of Resource Ni lbs are in Measured and Indicated • Significant resource expansion potential exists at the W4 Deposit as it is open at d
Slide 4: NEW- Updated Resource for the High-Grade W4
NEW- Updated Resource for the High-Grade W4 ~300K EVs In the ground? Average 100kWh electric vehicle battery requires ~145 pounds of nickel -(Bloomberg New Energy Finance) 4 Note: Full MRE notes in Appendix
Slide 5: Presentation Agenda
Presentation Agenda 1. Nickel and Electric Vehicles 2. EV Nickel and the Shaw Dome Project 3. Clean Nickel ™ Research & Development 4. Capital Table and Valuation Comparison 5
Slide 6: EV Nickel believes… There is not enough Nickel for EVs
EV Nickel believes… There is not enough EVs require Ni with Complications exist Nickel for EVs Low Carbon Cost beyond Carbon -Current Market serves -Euro EV Footprint -Geopolitical- Access: Stainless Steel declarations in 2024 Ukraine, Taiwan… -New Demand for EVs -A new consideration for -Geopolitic
Slide 7: Not Enough Nickel plus, Tightening Carbon Regulation
Not Enough Nickel plus, Tightening Carbon Regulation Global Nickel Demand Mtpa 16% 1.1 Battery 0.3 5% 2.2 Stainless 2.1 Annual & Other Growth 2020 2026 Actual Forecast Mtpa Global Nickel Market 2027 Compliance with Footprint Thresholds Demand ~0.5Mtpa Gap 2026 Carbon Intensity Classification Label S
Slide 8: Beyond Carbon- Automakers are concerned about supply
Beyond Carbon- Automakers are concerned about supply Geopolitical- Protectionism US legislation supports supply for US automakers by designating Canada (#6) & Australia (#5) as “domestic” for tax incentives. Potentially restricts options for non-US automakers Geopolitical- Access General ESG concern
Slide 9: How many Mines are Actually Needed?
How many Mines are Actually Needed? ~42K tonnes/yr Benchmark forecasts: forecast 7M tonnes 6.2M +3M Sudbury Operations tonnes ~65K tonnes Ni in 2020 3.2M 2035 Demand 2022 Supply The World needs the equivalent of 46 more Sudburys 9 Source: Benchmark Mineral Intelligence
Slide 10: What is EV Nickel?
What is EV Nickel? We believe… There is not enough Nickel for EVs EVs require Ni with Low Carbon Complications exist beyond Carbon And EVNi has… Known Nickel mineralization and exploration potential, just south of Timmins, With >30K Hectares, >100km of Strike and 2 Tracks to potential Development Tr
Slide 11: Presentation Agenda
Presentation Agenda 1. Nickel and Electric Vehicles 2. EV Nickel and the Shaw Dome Project 3. Clean Nickel ™ Research & Development 4. Capital Table and Valuation Comparison 11
Slide 12: Why the Shaw Dome? Location, Location, Location
Why the Shaw Dome? Location, Location, Location Timmins ▪ Regional population of >85K Ontario ▪ Historic gold mining district, well developed services, 20 Timmins mines and advanced development projects Sudbury CarLang Area ▪ Served by clean hydro power Toronto Large-Scale ▪ <1,000km to Windsor / De
Slide 13: W4 Zone: 2010 - Historical Mineral Resource
W4 Zone: 2010 - Historical Mineral Resource ▪ 22,152 metres of diamond drilling within the W4 area Resource Table ▪ Mineralization subcrops to surface, ranges from 0 to 20m overburden available at evnickel.com ▪ The main mineralized channel is confirmed open at depth and to extend east and west on t
Slide 14: W4 Zone: 1H 2022 - results, New W4 Extension
W4 Zone: 1H 2022 - results, New “W4 Extension” Cross Section 497450 E NEW- Drilled from Forks (looking west) North of river R. Base of overburden Above 200m… Focus of the 2010 W4 Resource ~200m below surface Below 200m… New “W4 Extension” EV22-12 14.3m @ 1.50% Ni with 5.4m @ 2.96% Ni EV22-13 15.8m @
Slide 15: W4 Zone - 2022 – 2023 Drill Hole Long section
W4 Zone - 2022 – 2023 Drill Hole Long section Looking North For Further Detail see the February 16 and February 28, 2023 News Releases. 15
Slide 16: Other High-Grade Targets: more potential fuel for Track 1
Other High-Grade Targets: more potential fuel for Track 1 Halted in 1978 (crown pillar Now >30K collapse), produced 1M hectares to tonnes at 1.47% Ni, mineralization continues explore down-plunge and 446m shaft Interesting anomaly, some still exists. preliminary drilling, along same horizon as Redst
Slide 17: Shaw Dome: Comparison to Australia's Kambalda Dome
Shaw Dome: Comparison to Australia’s Kambalda Dome ▪ Studies have compared the Komatiite-associated deposits of the Shaw Dome with the Kambalda Dome (1) ▪ Similar to Shaw Dome High Grade, Kambalda Dome mined ~51Mt grading 3.1% Ni from 1968 to 2020 (2) ▪ Komatiite-associated Nickel sulphide deposits
Slide 18: Shaw Dome Large-Scale Targets: Track 2
Shaw Dome “Large-Scale” Targets: Track 2 Carman-Langmuir Adams- Eldorado Targets Targets Deposits Current Gold Production 85 km south ↓”Groves” Property Group Historic Nickel Production 18
Slide 19: Large-Scale Targets: massive potential
Large-Scale Targets: massive potential Strength of Geotech VTEM System Carman - Langmuir Magnetic Total Magnetic Intensity Targets (aka “CarLang”) Intensity (flown by Vendor, May 2008) Higher * Adams- Eldorado Targets Lower For Comparison: Size of CNC’s Crawford Main Zone 360m ↕ North 1.8km ↔ Scale
Slide 20: CarLang, a 10km+ trend- historic surface sampling
“CarLang”, a 10km+ trend- historic surface sampling ▪ Across EV Nickel’s Land package on the Shaw Dome district, many of the surface samples, taken from the Dunites and the Peridotites, graded >0.25% Ni Carman Township 40 samples, 0.33% average Ni grade For Comparison: Size of CNC’s Crawford Main Zo
Slide 21: CarLang, a 10km+ trend- historic drilling
“CarLang”, a 10km+ trend- historic drilling 21
Slide 22: Phase 3 Drilling- CarLang A Zone
Phase 3 Drilling- “CarLang A Zone” Summer 2022 8,295m, 28 Drill Holes EVNI Surface Sample Source: News Releases- October 24, November 28 and December 7, 2022 plus January 12 and February 6, 2023. 22
Slide 23: Maiden Mineral Resource Estimate for the CarLang A Zone
Maiden Mineral Resource Estimate for the CarLang A Zone 37 millions EVs In the ground? CarLang A Zone represents just 20% of the full 10 km-long CarLang Area Trend. Average 100kWh electric vehicle battery requires ~145 pounds of nickel -(Bloomberg New Energy Finance) Note: Full MRE notes in Appendix
Slide 24: CarLang: Massive Relative Potential as a Large-Scale Target
CarLang: Massive Relative Potential as a Large-Scale Target “Crawford is the World’s Largest Nickel Sulphide ▪ Multiple Large-Scale Targets exist around Timmins Discovery since the 1970s.” –Canada Nickel Company EVNI’s View of the Economic Differentiators for Large-Scale Targets: Others in the Regio
Slide 25: Presentation Agenda
Presentation Agenda 1. Nickel and Electric Vehicles 2. EV Nickel and the Shaw Dome Project 3. Clean Nickel ™ Research & Development 4. Capital Table and Valuation Comparison 25
Slide 26: Clean Nickel: EVNi is rethinking each step
Clean Nickel TM : EVNi is rethinking each step • Our current plans start with: o Reliance on creative processing techniques, including Bioleaching o Analyzing Carbon Capture, through waste rock and tailings during mining, to expose the serpentinite rock to air to allow this material to absorb CO2 th
Slide 27: Clean Nickel: Bioleaching- detail
Clean Nickel TM : Bioleaching- detail Crushed Mined High Grade Nickel Aerated & Irrigated Through Concentrator, then… Hydroxide (or other) Heap Tank Bioleach Bioleach or Precipitated Pregnant Solution 27
Slide 28: Clean Nickel: Bioleaching- Prelim Results
Clean Nickel TM : Bioleaching- Prelim Results Preliminary Results Confirmed Potential Metal Extraction ranged: • 86.0% to 90.5% for Nickel • 85.2% to 90.1% for Cobalt Sources: EVNi News Release May 3, 2023 28
Slide 29: Clean Nickel: Carbon Capture- Prelim Results
Clean Nickel TM : Carbon Capture- Prelim Results • CO2 reactive minerals were observed throughout the CarLang A Zone CO2 • 46 of 50 samples indicated presence of brucite and hydrotalcite group minerals that are highly reactive to CO2 • Indicates potential for direct capture of CO2 from air, advancin
Slide 30: Methodology- Development & Approval
Methodology- Development & Approval ILLUSTRATIVE GHG Emissions Quantified GHG Emission Reductions + Monitoring & Data Collection Standards Baseline 1- Bioleach 2- Carbon 3- Material 4- Others Project Capture Movement Clean Nickel ™ Improvements 30
Slide 31: R&D Funding sources
R&D Funding sources Critical Minerals Innovation Fund Ontario Junior Exploration Program (general exploration) NRC-Industrial Research Assistance Program Scientific Research and Experimental Development (SR&ED) tax incentives 31
Slide 32: EVNI: looking ahead
EVNI: looking ahead 2022 was the year of New Discoveries… • W4 Extension • CarLang A Zone • Groves - Mathu …2023 will be the year of Seeing the Details Feb- CarLang A Q2- Prelim Carbon June- UPDATED W4 Further Carbon Zone Resource ✓ Capture & Bioleach ✓ Resource✓ Capture & Bioleach prelim results re
Slide 33: Presentation Agenda
Presentation Agenda 1. Nickel and Electric Vehicles 2. EV Nickel and the Shaw Dome Project 3. Clean Nickel ™ Research & Development 4. Capital Table and Valuation Comparison 33
Slide 34: Capital Structure
Capital Structure Prelim Clean Confirmed Nickel™ Ticker TSXV: “EVNI” “W4 Confirmed CarLang A results Extension” “CarLang A Zone Maiden Resource Share Price (June 5) $0.11 Zone” Confirmed Basic Shares Outstanding: “Groves- Mathu” Founders 9.8M Rogue Resources 6.6M March 2021 Round (@ $0.30) 6.8M Dec
Slide 35: Top 10 Undeveloped Class 1 Nickel Projects- by size
Top 10 Undeveloped Class 1 Nickel Projects- by size In-situ NiEq Resource Contained (M,I&I) 9Mt 9 8 7 6 5 4 3 2 1 0 Canada Giga Metals FPX Nickel Zeb Nickel EV Nickel Aston Chalice Nickel Creek Centaurus Canadian Nickel Metals Mining Platinum North Resources Source: IA Metals Research, as of March 3
Slide 36: Top 10 Undeveloped Class 1 Nickel Projects- by valuation
Top 10 Undeveloped Class 1 Nickel Projects- by valuation EV / Resource Tonne US$30 $30 $25 Average Top 10 Projects: Chalice Mining $143 EV / Resource Tonne $942 $20 Centaurus $218 $15 ! Canadian North Resources $204 $10 $5 $- Nickel Creek Aston Metals Canada Nickel FPX Nickel Platinum Zeb Nickel Gig
Slide 37: EV Nickel Inc.
EV Nickel Inc. 200-150 King St West, Toronto, ON M5H 1J9, Canada info@evnickel.com TM
Slide 38: People: Track Record of Unlocking Value
People: Track Record of Unlocking Value Management- Tight Team, Know How to Find, Develop and Operate Mines Sean Samson Travis Gingras Paul Davis Phil Vicker President, CEO CFO VP, Exploration Shaw Dome Exploration and Director Board- Deep Community and Transaction Experience Linda Byron Michael Fox
Slide 39: EVNi- founded and led by Sean Samson
EVNi- founded and led by Sean Samson Sean Samson - President, CEO and Director Mr. Samson is a mining exec with more than 25 years of management and financial experience. For the last 15 years Sean has worked in resource extraction and now runs two publicly-traded Canadian mining companies- includin
Slide 40: EVNi- Exploration led by Paul Davis
EVNi- Exploration led by Paul Davis Paul Davis- VP, Exploration Mr. Davis has over 30 years of executive, exploration and mine management experience for large multinational and junior companies. Most recently, Mr. Davis was VP Exploration at FNI Mining and over his career he has headed mining and ex
Slide 41: Notes to W4 Deposit Updated Mineral Resource Estimate
Notes to W4 Deposit Updated Mineral Resource Estimate 1. The independent Qualified Person for the MRE, as defined by NI 43-101, is Mr. Simon Mortimer, (FAIG #4083) of Atticus Geoscience Consulting S.A.C., working with Caracle Creek International Consulting Inc. The effective date of the MRE is June
Slide 42: Notes to CarLang A Zone Maiden Mineral Resource Estimate
Notes to CarLang A Zone Maiden Mineral Resource Estimate 1. The independent Qualified Person for the Mineral Resource Estimate, as defined by NI 43-101, is Simon Mortimer (FAIG #4083), of Atticus Geoscience Consulting. The effective date of the Mineral Resource Estimate is February 27, 2023. 2. Thes
Slide 43: W4 Zone – 2023 Drilling – Drill Hole EV23-02 - Detail
W4 Zone – 2023 Drilling – Drill Hole EV23-02 - Detail For Further Detail see the February 16, 2023 News Release. 43
Slide 44: Other High-Grade Targets: more potential fuel for Track 1
Other High-Grade Targets: more potential fuel for Track 1 Shaw Dome 3D Map created from VTEM, EM and Magnetics Survey data Being used by the Exploration team to prioritize additional Phase 4 targets… Langmuir #2 & South Targets Redstone Trend Source: Condor North Consulting ULC 44
Slide 45: Groves: New High-Grade Ni-Cu Zone South of Shaw Dome
Groves: New High-Grade Ni-Cu Zone South of Shaw Dome ▪ EVNi acquired the Groves Project in April 2022, located 80 kms southwest of the Shaw Dome. ▪ Exploration last year was focused on field work plus compiling historic results from Groves- Mathu showing. ▪ EVNi reports assay results from 2022 surfa
Slide 46: Nickel Market: this Revolution will be regulated
Nickel Market: this Revolution will be regulated Industry has become sensitized to the general Greenhouse Gas Protocols… Scope 1 Scope 2 Scope 3 Direct Emissions from Indirect Emissions from All other Indirect Emissions- Owned or Controlled Sources Purchased Energy From up & down the value chain …Au
Slide 47: Nickel Market: the Revolution demands changes of Miners
Nickel Market: the Revolution demands changes of Miners “…please mine more nickel... Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way.” – Elon Musk, Tesla Earnings Call July 22, 2020 EV companies are asking nickel m
Slide 48: Clean Nickel R&D- Partners
Clean Nickel™ R&D- Partners The EPCM Group is a global engineering, procurement and construction management firm based in Oakville, Ontario. Established in 1980, they have a highly skilled global team includes mechanical, chemical, metallurgical, civil and electrical instrumentation engineers and de
Slide 49: Clean Nickel: Smelting vs Bioleaching
Clean Nickel TM : Smelting vs Bioleaching Smelting is the traditional approach to recover nickel- applying heat to extract the metal • Heat is used to decompose the ore, driving off other elements as gases or slag and leaving the nickel • Inside the furnace, nickel-bearing sulphide concentrates cook
Slide 50: Clean Nickel: Carbon Capture
Clean Nickel TM : Carbon Capture • Partnered with Dr. Greg Dipple, and his team at Arca (formerly the Carbon Mineralization Laboratory at UBC) • Group is composed of an interdisciplinary mix of geoscientists and engineers working on large-scale CO2 sequestration in industrial waste • Evaluating the
Slide 51: Clean Nickel: Carbon Capture- Prelim Results
Clean Nickel TM : Carbon Capture- Prelim Results • CO2 reactive minerals were observed throughout the CarLang A Zone • 46 of 50 samples indicated presence of brucite and hydrotalcite group minerals that are highly reactive to CO2 • Indicates potential for direct capture of CO2 from air, advancing no
Slide 52: Escrow and Lock-up of Current Shares
Escrow and Lock-up of Current Shares Shareholder Category (Shares) Schedule 10% on the listing date (December 3rd, 2021) 15% at June 3rd, 2022 15% at December 3rd, 2022 Founders & 16.4M 15% at June 3rd, 2023 Rogue Resources 15% + 24 months (December 3rd, 2023) 15% + 30 months (June 3rd, 2024) 15% +