Copper Fox Metals Inc. · TSXV:CUU
Copper Fox Metals — Shareholder Meeting (April 2026)
31 slides from Copper Fox Metals's shareholder meeting presentation, Apr 27, 2026
Slide 1: 2026 Annual General Meeting
2026 Annual General Meeting 1 April 27, 2026
Slide 2: Forward Looking Statements
Forward Looking Statements This Power Point presentation contains certain forward-looking statements within the meaning of the Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and forward-looking information within the meaning of the Canadian securiti
Slide 3: Capital Structure, Management & Directors
Capital Structure, Management & Directors Capital Structure Ownership Market Capitalization (M) C$348 Shares Outstanding (M) 586.2 40.7% Warrants (M) Nil 59.3% Fully Diluted Shares (M) 586.2 59.8% Insider Ownership 347.6 Cash (M) C$0.9 Insiders Retail Debt Nil Management Elmer B. Stewart, MSc., P.Ge
Slide 4: Copper Outlook
Copper Outlook Copper is essential for transitioning to a low-carbon economy and powering AI technologies Copper supply needs to increase from 27Mt to 43Mt by 2035 to achieve 2050 net-zero targets1 Price Volatility ➢Global economic uncertainty ➢Supply disruption – hoarding ➢World growth – Asia and I
Slide 5: Company Overview
Company Overview ➢ Growth oriented copper exploration/development company, focused on large, porphyry copper projects in Canada and the United States ➢ Four operated projects and 25% interest in Schaft Creek Joint Venture with Teck Resources Limited (75%) ➢ 2021 preliminary economic assessments (PEA
Slide 6: Project Portfolio & Mineral Resources
Project Portfolio & Mineral Resources Schaft Creek (25%) Advanced Stage porphyry Cu-Mo-Au-Ag project located 60 km south of Telegraph Creek, British Columbia. Van Dyke (100%) Advanced Stage in-situ copper recovery (ISCR) project located in Miami-Globe Mining District, Arizona Eaglehead (100%) Advanc
Slide 7: Schaft Creek Joint Venture
Schaft Creek Joint Venture ➢ Teck Resources Limited 75% & Operator – Copper Fox 25% ➢ Teck investment of C$114M since formation of the joint venture in 2013 ➢ Large undeveloped porphyry copper deposits in North America (getting larger) ➢ After-tax NPV8 of US$842M, an IRR of 12.9%, and a payback peri
Slide 8: 2021-2025 Drill Programs
2021-2025 Drill Programs 2021 - 2025 drilling programs to investigate enhancements identified in the 2021 PEA ➢ 2021 - 2022 geometallurgical drilling to: • Better define geometallurgical domains • Collect samples for laboratory testwork • Enhance metallurgical performance • Increase metal recoveries
Slide 9: 2025 Schaft Creek Program
2025 Schaft Creek Program Objective – Advance key project parameters to advance the project from the Scoping Study stage to the Pre-Feasibility Study stage Expenditures of C$15.3M shared pro rata – funded by Teck, no cash required from Copper Fox, third C$20M cash payment as per SCJVA reduced accord
Slide 10: 2026 Schaft Creek Program
2026 Schaft Creek Program Objective – Close out Scoping stage - advance to the Pre-Feasibility stage ➢ Planned expenditures C$9.1M shared pro rata – funded by Teck, no cash required from Copper Fox, third C$20M cash payment as per SCJVA reduced accordingly ➢ Review and assess key project parameters
Slide 11: Schaft Creek Economics
Schaft Creek Economics Base Case 2021 PEA Metal price sensitivities 2012 2021 Production and Cost Summary Units with all other PEA parameters remaining constant FS PEA (Current LT metal price (US$) Mine Life years 21 21 Cu 4.50/lb, Au 3,350 /oz, Mo 22.50/lb Ag 38.00/oz) CuEq Metal Production LOM B/l
Slide 12: Schaft Creek Joint Venture – Key Terms
Schaft Creek Joint Venture – Key Terms ➢ Teck Resources Limited 75% & Operator - Copper Fox 25% ➢ Copper Fox to receive C$60M in Milestone Payments First C$20M payment on Signing the SCJV Agreement (received) Second C$20M payment on Sanctioning Decision Third C$20M payment on Completion of Construct
Slide 13: Van Dyke Copper Project
Van Dyke Copper Project Objective – Advance the project to the Pre-Feasibility Study stage ➢ 100% owned subject to NSR ➢ 2nd most advanced ISCR project in AZ ➢ Potential near term, mid-size, sustainable, environmentally friendly copper mine ➢ Strong project economics at US$3.15/lb Cu ➢ Low Capital,
Slide 14: In-Situ Copper Recovery (ISCR)
In-Situ Copper Recovery (ISCR) ISCR Advantages – it’s not mining! Van Dyke ISCR Advantages ➢ Leaching, not mining, rock stays in place ➢ Wellfield constructed underground, reduces ➢ No open pit or tailings environmental and social impact ➢ Lower energy consumption – 65% less ➢ Underground workings b
Slide 15: Van Dyke 2025 Activities
Van Dyke 2025 Activities ➢ Prepared PFS Execution Plan ➢ Completed Conceptual Hydrogeological Model ➢ Hydrogeological and water quality data collection ➢ Updated geological, mineralogical and geometallurgical modelling ➢ Finalized non-binding LOI’s for waste rock removal and access to industrial wat
Slide 16: Van Dyke 2026 Program
Van Dyke 2026 Program ➢ Updating PEA to determine project status • Include results of technical studies completed since 2021 • Update geological, structural, geometallurgical and hydrogeological modeling • Economic models to use current long term copper price • Update capital, operating and sustaini
Slide 17: Deposit Outline and Resource Potential
Deposit Outline and Resource Potential 17
Slide 18: Geological Model - Schematic
Geological Model - Schematic Oxide Mineralization Gila Conglomerate Leach Cap over Oxide Mineralization Porphyry Dike Pinal Schist 18
Slide 19: Van Dyke Economics
Van Dyke Economics 2015 2020 Base Case 2020 PEA metal price sensitivity Production and Cost Summary Units PEA PEA with all other PEA parameters remaining constant Mine Life years 11 17 (Current LT copper price US$4.50) Copper Production Mlbs 456.9 1,101.0 Copper Price US$/lb 3.00 3.15 Metal Price (U
Slide 20: Potential Socio-Economic Benefit
Potential Socio-Economic Benefit Copper mineralization 396 m level Van Dyke mine ➢ 17-year mine life with significant resource expansion potential ➢ Job creation for Miami and surrounding area Direct jobs – 134 Indirect jobs – 402 ➢ Total operating costs of US$1.07B, a large portion stays in the Mia
Slide 21: Eaglehead Project
Eaglehead Project ➢ Resource stage porphyry copper system Cu-Mo-Au-Ag ➢ 100% owned subject to NSR encumbrances ➢ Located 50km east of Dease Lake, BC ➢ Covers 15,713ha (157km2) on south side of Eaglehead pluton ➢ Mining friendly jurisdiction with local community support N Hard Lake Eaglehead Lake Fis
Slide 22: Eaglehead Topography
Eaglehead Topography Topographic view and approximate location of mineralized zones – looking southwest 2026 Target Area N East Zone Pass Zone Bornite Zone ➢ Rolling topography at elevation ranges of 1,400 to 1,900 masl ➢ Significant resource expansion potential ~ 20% of 6km long porphyry target tes
Slide 23: Eaglehead Chargeability & Mineralization
Eaglehead Chargeability & Mineralization 2026 Target Area Deep Potential Planned Drillholes 23
Slide 24: Eaglehead Expanded Chargeability Target
Eaglehead Expanded Chargeability Target ➢ 2025 significantly expanded chargeability signature ➢ Geometry of chargeability anomaly (> 7mv/s) defined ➢ Open-ended, NW trending 4,000m long x 2,000m wide NE dipping chargeability anomaly ➢ Substantial increase in potential size of porphyry target ➢ Stron
Slide 25: Mineral Mountain Project
Mineral Mountain Project ➢ Laramide age (67.4 Ma) porphyry copper target ➢ Located in Santa Cruz to Globe-Miami porphyry copper belt ➢ Maiden 2,500m drill program in progress ➢ Large porphyry footprint (4,500m by 2,000m) ➢ Open ended chargeability signature (>18mrad 3,200m by 1,200m) ➢ DDH MM-01-202
Slide 26: Mineral Mountain Location
Mineral Mountain Location 26
Slide 27: DDH MM-01-2025 Cu-Mo Mineralization
DDH MM-01-2025 Cu-Mo Mineralization Qtz-cpy veinlet @ 88.30m Qtz-cpy-bn veinlet @200.27m Qtz-mo veinlet @ 420.54m Qtz-kspar-cpy-bn-mo veinlet @479.60m 27
Slide 28: Mineral Mountain Analytical Results
Mineral Mountain Analytical Results 28
Slide 29: Sombrero Butte Project
Sombrero Butte Project ➢ Drill permitting planned in 2026 Copper Creek Project ➢ Large Laramide age porphyry 2023 pit outlines1 copper exploration target, ➢ Located on projected ENE San Manuel/ trending copper belt (San Kalamazoo Sombrero Butte Project Manuel/Kalamazoo, Safford, Morenci) ➢ 3,200m lo
Slide 30: Sombrero Butte Exploration Model
Sombrero Butte Exploration Model A A’ Sombrero Butte Interpreted Potassic Zone (overprinted by Phyllic Alteration) Magnetite Veins, Gypsum +/- Bt Spheroidal Sericite Texture [SST] SST interpreted to be covered by Glory Hole Volcanics Depth of IP Investigation 30
Slide 31: Corporate Information
Corporate Information Corporate Office Desert Fox Office Suite 650, 340 – 12 Ave SW 3445 E Highway 60 Calgary, AB T2R 1L5 Miami, AZ 85539-1353 Canada USA Investor Relations 1-844-464-2820 or 1-403-264-2820 investor@copperfoxmetals.com www.copperfoxmetals.com 31