Peloton Minerals Corp. · CSE:PMC
Peloton Minerals — Investor Presentation (December 2025)
28 slides from Peloton Minerals's investor presentation, December 2025
Slide 1: North Elko Lithium Project
North Elko Lithium Project www.pelotonminerals.com CSE: PMC OTCQB: PMCCF December 2025
Slide 2: Forward-Looking Statement
Forward-Looking Statement Cautionary Statement on Forward-Looking Information & Statements The following presentation may include certain “forward-looking statements” within the meaning of the United States Private Litigation Reform Act of 1995 and applicable Canadian Securities Laws. All statements
Slide 3: Capitalization and Market Information
Capitalization and Market Information Capital Structure Exchange Listings ▪ Recent Share Price C$0.11 ▪ Canada CSE-PMC ▪ 52 Week Low-High C$0.04 – C$0.11 ▪ USA OTCQB-PMCCF ▪ Shares Outstanding 148 million ▪ Market Capitalization C$16 million Financings • May 2024 - $1 million @ $0.09 • Nov 2025 - $1
Slide 4: Lithium Market Demand-Supply Dynamics
Lithium Market Demand-Supply Dynamics Quality North American Projects are Critical ▪ China controls ~ 67% of global lithium supply (International Energy Agency, Lithium Report, May 2024) ▪ Diversity of supply is critical for the US and Canadian EV markets. US demand forecast to be +400,000 tonnes LC
Slide 5: Peloton's North Elko Lithium Project, NE Nevada
Peloton’s North Elko Lithium Project, NE Nevada Surge / Peloton Location Peloton’s lithium project (NELP) is located in north-eastern Nevada, immediately adjacent to Surge Battery Metals discovery of the highest grade, district scale lithium in claystone resource in North America. Peloton’s Project
Slide 6: High-Grade, District-Scale Lithium Clay Deposits Transforming Nevada
High-Grade, District-Scale Lithium Clay Deposits are Transforming Nevada Into a Leader in Global Lithium Supply Market Cap C$1.9 Billion Mine Under Construction Market Cap C$82 Million PEA Stage ▪ Average grade 3,010 ppm Li Northern ▪ Strategic Partner - TBA ▪ Average grade 2,230 ppm Li Lithium Tren
Slide 7: Surge & Peloton Ground Positions
Surge & Peloton Ground Positions The two largest positions in Northeastern Nevada Surge Highlights Peloton Highlights ▪ Property size - 44 sq km ▪ Property size - 37 sq km (17 sq miles) (14.25 sq miles) ▪ Lithium deposit is in shallow ▪ Exploration programs show a 35 clay layers striking toward squa
Slide 8: Systematic Exploration Approach
Systematic Exploration Approach Completed Since 2024: Strong Results: ➢ Hyperspectral data shows clay bearing layers extend ✓ Hyperspectral Data Reprocessing across the entire property ✓ Staking Total 442 claims (37 sq km or 14.25 sq miles) ➢ Soil geochemistry shows an elevated lithium anomaly (18+
Slide 9: Hyperspectral UV Data Shows Lithium Bearing Clay Layer
Hyperspectral UV Data Shows Lithium Bearing Clay Layer Outcropping Across Peloton Property Pixels represent outcrops of a near surface clay layer identified as the lithium bearing minerals: smectite, hectorite, illite 9
Slide 10: Soil Geochemistry Shows Elevated Lithium Anomaly
Soil Geochemistry Shows Elevated Lithium Anomaly Over Approx. 25 sq km (9.65 sq miles) Legend: 50 to 370 ppm Li Background Lithium is 20 ppm 10
Slide 11: X-Ray Diffraction Analysis Identifies Two Categories of Lithium Minerals
X-Ray Diffraction Analysis Identifies Two Categories of Lithium Minerals & Enrichment* Lithium Bearing Alteration Minerals Primary Lithium Magma Minerals (hectorite, illite, others) (alkaline rhyolites & melts) Highly alkaline (high pH) hot water circulates Primary lithium-bearing magma extrudes int
Slide 12: Airborne Magnetics
Airborne Magnetics With Hyperspectral Data, Surge Drill Holes & Peloton Drill Pads Shows NW Oriented Structures 12
Slide 13: tTEM Geophysical Survey
tTEM Geophysical Survey Used successfully by Surge to target clay layers buried by upper stratigraphy Blue lines are the roads surveyed with tTEM All roads showed an underlying layer interpreted as clay The tTEM unit is towed behind an ATV or truck and reads straight down to a depth of about 300 fee
Slide 14: tTEM Cross Section of the Texas Springs Canyon Road
tTEM Cross Section of the Texas Springs Canyon Road Shows Near Surface Layer Interpreted as Clay (Blue) Through the Heart of the Property over 7 km (4.4 miles) Strike Length Cross Section of the Surveyed Road Location of the Surveyed Road Highlighted in Green 14
Slide 15: Drilling to Begin November 2025
Drilling to Begin November 2025 • The initial drill program began in November 2025 and will involve 4 drill holes along the roads (blue lines) circled in red. • This program will test the underlying clay layers over a strike length of 7 kilometers to an average depth of 500 feet - Approximate Drill
Slide 16: Thacker Pass Resource Footprint with Peloton Claim Outline
The Thacker Pass (LAC) Mineral Resource Footprint with the Peloton Claim Outline Superimposed Over the LAC Resource Peloton Claim Outline (in Black) Thacker Pass (LAC) Resource (in Blue) 16
Slide 17: Corporate Inquiries
Corporate Inquiries Edward (Ted) Ellwood Paul Teodorovici President & CEO VP Business Development T: 519-697-2313 T: 514-582-2282 Paul.Teodorovici@gmail.com Tedellwood@gmail.com Investment Banker / Advisors: Auditor: IBK Capital Corp. RSM, Chartered Accountants T: (416) 480-0160 Michael White Presid
Slide 18: Appendix
Appendix Detailed Technical Information Available At www.pelotonminerals.com
Slide 19: Board of Directors and Management
Board of Directors and Management 200 years of combined experience playing respective roles in resource exploration, discovery and development John F. O’Donnell, BA (Economics), LLB, Chairman of the Board Edward (Ted) L. Ellwood, MBA, President & CEO, Director Eric Plexman, CFO & Corporate Secretary
Slide 20: Drilling November – December 2025
Drilling November – December 2025
Slide 21: Drilling November – December 2025
Drilling November – December 2025
Slide 22: Geologic Mapping Shows Prospective Area Bounded by Slip Faults
Geologic Mapping Shows* Prospective Area Bounded by Slip Faults on the East and West * Compilation: ▪ Elko County Digital Geology Map ▪ Nevada Bureau of Mines and Geology ▪ Peloton Geologic Mapping 22
Slide 23: The Yellowstone Hotspot
The “Yellowstone Hotspot” The “Yellowstone Hotspot” is Thought Responsible for the Volcanic Activity in Northern Nevada (16-12.5 Ma), Resulting in Calderas, Grabens and Lithium Clay Deposition Yellowstone Today 16-12.5 Million Years Ago * Source: ResearchGate 2018 23
Slide 24: Surge Drill Hole Locations
Surge Drill Hole Locations 16 Holes to Achieve Maiden Resource 22 Holes to Date 11.24 MT LCE Inferred at 3,010 Li Discovery costs <C$2 per tonne LCE and <2 years from discovery to maiden resource 24
Slide 25: Surge Battery Metals NNLP Lithium Project PEA Overview
Surge Battery Metals Inc. NNLP Lithium Project PEA Overview NNLP Lithium Project PEA Highlights* NNLP Lithium Resource Outline June 2025 – ($ US Dollars) Inferred Resource The white dotted line illustrates the extent of the NNLP Deposit. Source: Surge NI 43-101 November 2024 11,24 Mt LCE at 3,010 pp
Slide 26: Thacker Pass Lithium Americas Overview
Thacker Pass Lithium Americas Overview Thacker Pass Mineral Resource Model Thacker Pass Updated Feasibility Highlights* (Lithium in Smectite and Illitic Clays) December 2024 – ($ US Dollars) Proven & Probable Measured & Indicated 14.5 Mt LCE 44.3 Mt LCE at 2,230 ppm Li at 2,540 ppm Li Mine Life - 85
Slide 27: Thacker Pass Process Flow Chart
Thacker Pass Lithium Americas Overview (Continued) Thacker Pass Process Flow Chart (Lithium in Smectite and Illitic Clays) 27
Slide 28: The Lassonde Curve
The Lassonde Curve Life cycle of a junior explorer 28
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