Ev Nickel Inc. · TSXV:EVNI
Ev Nickel — Investor Presentation (June 2025)
22 slides from Ev Nickel's investor presentation, June 2025
Slide 1: Shaw Dome Nickel Project: Security of Critical Metals Supply
Shaw Dome Nickel Project Security of Critical Metals Supply EV NICKEL June 2025 ACCELERATING THE CLEAN ENERGY TRANSITION CORPORATE PRESENTATION TSXV: EVNI
Slide 2: Disclaimer
Disclaimer EV NICKEL This presentation contains certain forward-looking information and forward-looking statements (collectively, not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States of “forward-looking statements”) within the meaning of applicable
Slide 3: EV Nickel Highlights
EV Nickel Highlights EV NICKEL A leading portfolio of assets in mining friendly Timmins, Canada One of the Largest Nickel Deposits in the World: 1Bt + at CarLang A Zone Deposit is at surface, within CarLang A Deposit PEA Technical Report 30km of Timmins, Ontario and 1,000km to announced in May 2025
Slide 4: Management and BOD
Management and BOD EV NICKEL Track-record of driving stakeholder value MANAGEMENT BOARD OF DIRECTORS John Paterson (Interim CEO and Director) John Paterson (Interim CEO and Director) >35 years as a private investor and advisor to private and public companies with Per “Management” bio extensive exper
Slide 5: Shaw Dome: Timmins Nickel District
Shaw Dome: Timmins Nickel District EV NICKEL Timmins • Major Nickel Deposit, one of largest in North America • Historic mining district, well developed services • Served by clean hydro power, infrastructure and labour Shaw Dome Project • Within 50km of Timmins • >30K Ha of prospective geology, along
Slide 6: EV Nickel: Three Businesses with Optionality in the Portfolio
EV Nickel: Three Businesses with Optionality in the Portfolio EV NICKEL Two scalable high-quality nickel Estimated assets in mining friendly Timmins Ontario CURRENT POTENTIAL Future Nickel Production CarLang: One of the Largest Nickel Deposits in the world ▪ CarLang A Zone = 1Bt resources with >10km
Slide 7: History: Built a World-Class Portfolio
History: Built a World-Class Portfolio EV NICKEL with Controlled Exploration Costs and Significant Potential Upside January 2021 December 2021 February 2023 September 2023 November 2024 May 2025 - EVNI Incorporated - IPO listing on TSX-V - CarLang A Preliminary MRE - Recapitalization with new - Disc
Slide 8: CarLang A Deposit: Preliminary Economic Assessment Highlights
CarLang A Deposit: Preliminary Economic Assessment (“PEA”) Highlights EV NICKEL • Strong Economics (based on long term price and exchange Economic Analysis Summary rate assumptions) Item Units Value (C$) Value (US$) o $1.9 Billion Pre-Tax NPV(8%), 15% IRR Payable Ni Mlbs 1,603 1,603 o $1.5 Billion A
Slide 9: CarLang A Deposit: PEA Operating, Capital Costs and Opportunities
CarLang A Deposit: PEA Operating, Capital Costs and Opportunities EV NICKEL Capital Cost Estimate Summary Capital Cost Estimate Summary Item Unit Initial Sustaining Total Capital Capital Capital • Significant potential opportunities associated with the Mining1 M$ 56 207 263 CarLang A Project for add
Slide 10: 2024 CarLang Trend - Exploration Results
2024 CarLang Trend - Exploration Results EV NICKEL Confirmed Continuity of ~10km Along CarLang Trend (Zones A, B, C, E) CarLang C ▪ Intersected zones with higher-grade or similar nickel mineralization as CarLang A Gemini North ▪ Nickel mineralization identified over ~8km of additional strike length
Slide 11: Gemini North Zone: 2025 Diamond Drill Program
Gemini North Zone: 2025 Diamond Drill Program EV NICKEL 12 Vertical Diamond Drill Holes Totaling c.4,000 Meters ▪ Represents a “Mt Keith” style of disseminated sulphide mineralization ▪ Multiple intercepts of >0.35% Ni: ▪ Preliminary Metallurgy indicates higher recoveries (69.7%) ▪ Aim to define a p
Slide 12: Bioleaching: By-Pass Smelting
Bioleaching: By-Pass Smelting EV NICKEL Naturally occurring sulfide oxidizing bacteria Low capital and operating cost consuming significantly (<50%) less energy than conventional methods1 Next Step – Full Scale Pilot Plant Short and traceable North American supply chain Produces a nickel product tha
Slide 13: Low Carbon Intensity: Carbon Capture
Low Carbon Intensity: Carbon Capture EV NICKEL Shaw Dome host rocks Advanced Test work with contain brucite and hydro- EPCM Group talcite to capture CO2 ACCELERATING THE CLEAN ENERGY TRANSITION CORPORATE PRESENTATION TSXV: EVNI 13
Slide 14: R&D Funding sources
R&D Funding sources EV NICKEL NRC-Industrial Research Scientific Research and Critical Minerals Innovation Fund Ontario Junior Exploration Assistance Program Experimental Development Program (general exploration) (SR&ED) tax incentives The Critical Minerals Innovation Fund The National Research Coun
Slide 15: Capitalization and Next Steps
Capitalization and Next Steps EV NICKEL Well Financed and Several Catalysts in the near future Ticker TSXV:EVNI 1Q2025 2Q2025 3Q2025 4Q2025 1H2026 2H2026 Share Price (June 9, 2025) C$0.265 Basic Shares 111M September 2025 Warrants 33M March 2025 Warrants 0.5M Gemini North Diamond Drill Program Total
Slide 16: Why EV Nickel
Why EV Nickel EV NICKEL One of the Largest Nickel Deposits in the World: 1Bt + at CarLang A Zone Deposit is at surface, within CarLang A Deposit PEA Technical Report 30km of Timmins, Ontario and 1,000km to announced in May 2025 Recent drilling indicate higher grades, Detroit magmatic sulfides, (CarL
Slide 17: EV Nickel Inc.
EV Nickel Inc. 200-150 King St West, Toronto, ON M5H 1J9, Canada EV NICKEL info@evnickel.com
Slide 18: Maiden Mineral Resource Estimate for the CarLang A Zone
Maiden Mineral Resource Estimate for the CarLang A Zone EV NICKEL MRE Notes CarLang A Deposit: 1. The independent Qualified Person for the Mineral Resource Estimate, as defined by NI 43-101, is Mr. Simon Mortimer, (FAIG #7795) of Atticus Geoscience Consulting S.A.C., working with Caracle Creek Inter
Slide 19: 2023 - Updated Resource for the High-Grade W4
2023- Updated Resource for the High-Grade W4 EV NICKEL MRE Notes W4 Deposit: 1. The independent Qualified Person for the MRE, as defined by NI 43-101, is Mr. Simon Mortimer, (FAIG #7795) of Atticus Geoscience Consulting S.A.C., working with Caracle Creek International Consulting Inc. The effective d
Slide 20: Nickel Applications
Nickel Applications EV NICKEL MILITARY AND AEROSPACE MEDICAL • Missile Components • Prosthetic Limbs • Stealth Coatings • Medical Implants • Anti-aircraft firearms • MRI Machines • Propulsion Devices INDUSTRIAL Alloys • Batteries for EV • Nickel –Titanium Alloy • Mobile Phones • Nickel – Copper Allo
Slide 21: Macro Outlook
Macro Outlook EV NICKEL Current Nickel Production in New demand from announced battery Canada all subject to long term plants 30,000 tonnes per plant, 30 plants, off-take 900,000 tonnes/year USA DOD and Canada Security of Supply deficit projected Supply for the Defense of North beginning 2028 Americ
Slide 22: Macro Themes
Macro Themes EV NICKEL Over-coming military and economic Creating independent self sufficient USA- Existential threat to US vulnerabilities of critical metals in North Canada supply chain auto industry by China America Mitigating risks of hostile power reliance for Trump Executive Order 13817 Clean