Spartan Metals Corp. · TSXV:W
Spartan Metals — Investor Presentation (June 2025)
23 slides from Spartan Metals's investor presentation, June 2025
Slide 1: Unlocking American Critical Minerals Resources – Corporate Summary
UNLOCKING AMERICAN CRITICAL MINERALS RESOURCES CORPORATE SUMMARY June 2025 SPARTAN EXPLORATION NEVADA CORPORATION (“Spartan Metals” or “Spartan”)
Slide 2: Disclaimer – Forward Looking Statements
DISCLAIMER – FORWARD LOOKING STATEMENTS The information contained in this document (the “Presentation”) has been prepared by Spartan Exploration Nevada Corporation ("Spartan" or the "Company") and contains confidential information pertaining to the business, operations and assets of the Company. All
Slide 3: Why Spartan Metals?
3 WHY SPARTAN METALS? NEVADA BASED TUNGSTEN & CRITICAL METALS EXPLORER HIGH-GRADE TUNGSTEN ASSET SPARTAN EXPLORATION EAGLE PROJECT: One of the highest-grade past Experienced team will develop early-stage multi- producing Tungsten mines in the US ~1.0% W03) commodity critical mineral projects to be e
Slide 4: Tungsten & Rubidium Applications
4 TUNGSTEN & RUBIDIUM APPLICATIONS US is heavily import reliant for key defense critical metals - found in high concentration at Spartan’s Eagle Project TUNGSTEN (W) RUBIDIUM (Rb) • Not mined commercially in the US since 2015 • Produced as by-product (low-grades of ~50 ppm) • China dominates product
Slide 5: US Import Reliance
US IMPORT RELIANCE • 100% import reliance on 12 of 50 critical minerals, including Rubidium, Arsenic and Indium • +50% import reliance on an additional 28 critical minerals, including Tungsten, Silver, Tin, Antimony, and Bismuth • Eagle Project hosts significant concentrations of at least 11 critica
Slide 6: US Critical Minerals – A New Bipartisan Initiative
6 US CRITICAL MINERALS – A NEW BIPARTISAN INITIATIVE SPARTAN METALS POSITIONED TO MEET US CRITICAL METALS ONSHORING OBJECTIVES January 20, 2025: President Trump declares National Energy Emergency that includes specific focus on critical minerals March 20, 2025: Executive Order to increase American m
Slide 7: Eagle Project
7 EAGLE PROJECT • 20 km2 land package in eastern Nevada includes past producing Tungstonia and Rees tungsten mines and Antelope copper-silver mine H I GH-GRAD E 1 • Multiple deposit types including Porphyry, Skarn, and Carbonate Replacement (CRD) • Three opportunities: Tungstonia Claims, Antelope Cl
Slide 8: Nevada: A Tier-1 Mining Jurisdiction
NEVADA: A TIER-1 8 TIER-1 MINING JURISDICTION Tigre JURISDICTION HISTORIC HIGH-GRADE PRODUCTION Eagle Project hosts past producing mines Aguila Tungstonia (~0.8% WO3), Rees (~1%WO3, 1% Cu), and Antelope (~4% Cu, 29 opt Ag) STRATEGIC DEFENSE METALS1 Historic production2 of W (8,379 units 0.8-1% WO3)
Slide 9: Tungstonia Claim Block – W-Ag-CRD Exploration Potential
TUNGSTONIA CLAIM BLOCK – W-Ag-CRD 9 EXPLORATION POTENTIAL Tungstonia Mine Historic Production 0.6%- Past-Producing Tungstonia Mine1 Tungstonia 0.8% WO3 Pluton Vein 1 Vein 3 - 5 Historic high-grade production from 3 of 5 veins with 1.2% W 50.5 g/t Ag tungsten mineralization hosted in quartz veins up
Slide 10: Tungstonia Claim Block – Rb Exploration Potential
TUNGSTONIA CLAIM BLOCK – Rb EXPLORATION POTENTIAL Tungstonia Mine Historic Production2 0.6%- Rubidium occurs as micaceous enrichment halos Tungstonia 0.8% WO3 Pluton Vein 1 around quartz-tungsten veins, pegmatites, and Vein 3 - 5 as enrichments in granites 2264 ppm Rb Tungsten Vein Significant rock
Slide 11: Tungstonia Mine X-Section
11 TUNGSTONIA MINE X-SECTION Rock Chip Vein 1 and 2 were the 0.5% W, 31.2 g/t Ag primary zones of historic production but only Rock Chip Rock Chip Rock Chip 1.2% W, 50.5 g/t Ag mined to depths of ~75m 0.1% W, 7.3 g/t Ag 0.2% W, 19.8 g/t Ag Vein 3 - 5 vertical depth Vein 2 mined to depths of <10m Vei
Slide 12: Tailings Reprocessing Potential
TAILINGS REPROCESSING POTENTIAL 12 TUNGSTONIA TAILS AND WASTE ROCK • 2024 sampling (3 tail and 8 waste rock) returned: • 3 tailings samples averaged 0.1% W, 464 ppm 0.10% W 0.14% W 441 ppm Rb Rb, 7 g/t Ag, 867 ppm Mn 458 ppm Rb 7.6 g/t Ag • 8 waste rock samples averaged 0.2% W, 462 9.3 g/t Ag ppm Rb
Slide 13: Rees Claim Block – High Grade Cu-Ag-W-Sb ± As
REES CLAIM BLOCK – HIGH GRADE 13 Cu-Ag -W-Sb ± As HIGH GRADE PAST PRODUCER Rock Chip 0.01% W Rock Chip 0.01% W 1.5% Cu 1.8% Cu • Poly-metallic CRD/Skarn mineralization in several 1,927 g/t Ag 880 g/t Ag 0.6% Sb 0.1% Sb unnamed adits, test pits concentrated in a NE trending structural corridor Antelo
Slide 14: Growth Strategy
GROWTH STRATEGY • Establish Maiden Resources and deliver value via exploration partnerships, custom processing, and/or MONETIZE off-take agreements PARTNERED • Leverage DoD and potential JV partners to DEVELOPMENT advance toward commercial production • Acquire past producing critical metals projects
Slide 15: Leveraging DoD Connections to Deliver Project Value
LEVERAGING DoD CONNECTIONS TO 15 DELIVER PROJECT VALUE SPARTAN AND ITS ADVISORY TEAM ARE EXPERIENCED AND WELL CONNECTED WITH NEVADA LEGISLATORS AND DoD PERSONNEL EXAMPLE AWARDS (USD) DoD utilizes mandate from Defense Production Act (DPA) Title III and National COBALT TUNGSTEN Defense Industrial Stra
Slide 16: Summary
16 SUMMARY THE EAGLE PROJECT IS A NATIONALLY SIGNIFICANT CRITICAL MINERAL ASSET • Strategic (W-Rb-Sb) plus precious and base metals (Ag-Cu-Pb-Zn) HIGH-GRADE PAST • Historic production near 1.0% WO3 among highest grade world-wide PRODUCING DISTRICT • Possibly the only significant Rb source in US • Po
Slide 17: Contact Us
17 Contact Us Brett Marsh 1-800-535-0325 info@SpartanMetals.com Follow us
Slide 18: Appendix
S$ SPARTAN APPENDIX
Slide 19: Eagle Project Approach
19 EAGLE PROJECT 19 APPROACH Tigre Characterize historic Tungstonia tails and waste rock Define W-Rb-Sb-Ag vein system at Tungstonia and reconcile to historic production Characterize bonanza grade mineralization at Rees and Antelope Test CRD potential at Tungstonia, Rees, and Antelope Engage with Do
Slide 20: Tungsten Facts
20 TUNGSTEN FACTS • Not mined commercially in US since 2015 • On USGS Critical Mineral List • High melting point, density, and hardness • Primary use as tungsten carbide/cemented carbides • Super-alloy for armaments and turbine blades • US is overly reliant on overseas sources for tungsten which is
Slide 21: Rubidium Facts
21 RUBIDIUM FACTS • US 100% import reliant • Produced from pollucite (zeolite), micas, and recovered as by-product from lithium brine production (very low concentrations typically below 100 mg/L) • On USGS Critical Minerals List – Primary use in research and development with several military applica
Slide 22: Antimony Facts
22 ANTIMONY FACTS • Used in many military applications: • Ammunition • Night vision goggles • Infrared sensors • Explosives • Nuclear weapons • Optics • Laser sighting • China has bulk of world’s identified Sb resources and much of world’s Sb is shipped to China for smelting
Slide 23: Manganese Facts
23 MANGANESE FACTS • Primary element in Eagle tungsten ore (huebnerite) • On USGS critical mineral list • US imports all manganese ore and alloys • No significant production in US since 1973 • Uses: • Alloy to steel to increase strength • Oxidizing agent • Battery manufacturing 23