Power Metallic Mines Inc. · TSXV:PNPN
Power Metallic Mines — Investor Presentation (October 2026)
30 slides from Power Metallic Mines's investor presentation, October 2026
Slide 1: World's Highest Grade Copper & PGE Discovery
World’s Highest Grade Copper & PGE Discovery Mining Metals That Matter October 2026 TSX.V: PNPN | OTC: PNPNF | FRA: IVV1
Slide 2: Disclaimer
2 Power Metallic: Mining Metals That Matter Disclaimer Forward Looking Statements Except for historical information contained herein, this presentation may contain forward looking statements including but not limited to comments regarding predictions and projections. Forward looking statements addre
Slide 3: Lion Zone: Exceptional Grades and Thickness
3 Power Metallic: Mining Metals That Matter Lion Zone Exceptional Grades and Thickness High Grade Top to Bottom, Over 100 Intersections, 11 metres 2 minimum, and Greater than 4.24% CuEq 3 1 Grade Thickness (CuEq%/meters) Drill Holes 4 >10 >25 >50 >100 >150 Reported Assays Pending Interval Au Ag Cu P
Slide 4: Fall Catalysts Support Rerate
4 Power Metallic: Mining Metals That Matter Fall Catalysts Support Rerate Base Valuation supported by Analyst view of recent NI- 43-101 Is much higher than current market price 3 Near Term Exploration Opportunities – Expect Resource Nasdaq Listing expected in Q4 Business Development surprises will a
Slide 5: A Smart Money Investment
5 Power Metallic: Mining Metals That Matter Select Investors A Smart Money Investment Robert Friedland Founder, Ivanhoe Mines Rob McEwen CEO, McEwen Mining Eric Sprott Founder, Sprott, Inc. Gina Rinehart Chairwoman, Hancock Prospecting Discoveries Well Funded Active Drilling Sustainable Prime Locati
Slide 6: A Top Tier Location
6 Power Metallic: Mining Metals That Matter Quebec, Canada A Top Tier Location Nisk Main and Lion Discovery are high-grade polymetallic mineralization's for multiple battery metals including Copper, Palladium, Platinum, Gold, Silver, and Nickel. Located in Quebec, Canada Nisk Benefits From: Generous
Slide 7: Leadership Team
7 Power Metallic: Mining Metals That Matter Leadership Team Peter Kent Terry Lynch Greg McKenzie Duncan Roy Chairman CEO Director VP, IR Joe Campbell Seamus O'Regan Steve Beresford Les Mallard Christopher Beal VP, Exploration Director Director Director Vice President of Operations
Slide 8: The Nisk Discovery
8 Power Metallic: Mining Metals That Matter How it Began… The Nisk Discovery
Slide 9: Polymetallic
9 Power Metallic: Mining Metals That Matter Polymetallic The World’s Most Valuable Deposit Types Orthomagmatic Ni-Cu-PGE Deposits Merensky Reef Sakatti Voisey’s Bay Power Metallic
Slide 10: Lion Zone
10 Power Metallic: Mining Metals That Matter Lion Zone High Grades, Mineable Widths Grade & Excellent Recoveries, Mining Method Resource Class Tonnes Ni Cu Co Pt Pd Au Ag NiEq CuEq (%) (%) (%) (g/t) (g/t) (g/t) (g/t) (%) (%) Open Laterally and at Depth Open Pit Indicated 2,782,000 0.08 1.47 0.004 0.
Slide 11: NI 43-101 Mineral Resource Sets Floor
11 Power Metallic: Mining Metals That Matter Ni-43101 Mineral Resource Sets Floor New data has analysts estimating Initial Capex ~200 Million Analysts are seeing payback of around 1 year after Production start How? • 59% of Tonnes in High Grade Open Pit • High recoveries, Low Capex, High IRR Drillin
Slide 12: Where are we on Lassonde Curve
12 Power Metallic: Mining Metals That Matter Where are we on Lassonde Curve DISCOVERY Tipping point in exploration when This is most likely the time when drilling amounts to a real mineral people outside of the mining industry discovery & excitement is at its peak. hear of a new discovery while earl
Slide 13: Exploration Growth Path
13 Power Metallic: Mining Metals That Matter Exploration Growth Path Lion zone at depth- significant growth now and ongoing Muon potentially expands current known deposit Muon, Squid, ANT, BHEM – AI enhances Regional targets Nisk Lion Ore blend potentially drives Nickel recoveries potentially more t
Slide 14: Resource Growth Catalyst
14 Power Metallic: Mining Metals That Matter Resource Growth Catalyst 1,2 Lion Zone demonstrating growth at depth Lion Zone potential growth East & West
Slide 15: MUON, BHEM, SQUID & ANT
15 Power Metallic: Mining Metals That Matter MUON, BHEM, SQUID & ANT A District To Be Discovered
Slide 16: MUON is Working @ Fireweed
16 Power Metallic: Mining Metals That Matter MUON is Working @ Fireweed
Slide 17: Outstanding Metallurgical Results – SGS
17 Power Metallic: Mining Metals That Matter Outstanding Metallurgical Results – SGS Copper (Cu) Palladium (Pd) Platinum (Pt) Gold (Au) Silver (Ag) 98.9% 93.9% 96.8% 85% 88.9% Concentrate - 25.8 % Cu ,1.2% Ni, 4.83 g/t Au, 41.4g/t PD, 23.4 g/t PT and 159 g/t Ag
Slide 18: Resource Growth Catalyst 3
18 Power Metallic: Mining Metals That Matter Resource Growth Catalyst 3 Grade Resource NISK Main Optimized Mining Method Open Pit Class Indicated Tonnes 607,000 Ni (%) 0.60 Cu (%) 0.35 Co (%) 0.039 Pt (g/t) 0.08 Pd (g/t) 0.49 Au (g/t) 0.03 Ag (g/t) 2.19 NiEq (%) * 1.01 CuEq (%) * 1.68 Inferred 210,0
Slide 19: This Project is Very Robust
19 Power Metallic: Mining Metals That Matter MRE Aug 2026 / PEA H1 2027 This Project is Very Robust The critical advantage of higher grades: driving down capex intensity and unlocking superior IRR potential. Avg. Grade Capex Intensity Typical IRR Project Type/Example (% Cu or CuEq) ($/t annual Cu) (
Slide 20: Business Development Surprises
20 Power Metallic: Mining Metals That Matter Business Development Surprises Chilean Metals Exploration Program Kingdom of Saudi Arabis Update Additional Land Acquisitions @ Nisk Business Development surprises will add to growth story Floor Raised -Ceiling Uncapped
Slide 21: Commodity to Equity Ratio
21 Power Metallic: Mining Metals That Matter Commodity to Equity Ratio Commodity 54-Year Chart Trading at, or near, all-time lows
Slide 22: Copper is on Fire!
22 Power Metallic: Mining Metals That Matter Copper is on Fire!
Slide 23: We have to mine the same amount of copper in the next 18 years
23 Power Metallic: Mining Metals That Matter “We have to mine the same amount of copper in the next 18 years as we mined in the last 10,000 years.” Robert Friedland Founder, Ivanhoe Mines
Slide 24: Funded & Aligned Ownership
24 Power Metallic: Mining Metals That Matter Funded & Aligned Ownership CAPITAL STRUCTURE Price (as of September 9, 2026) 19% 19.5% HNW Management/Board CAD $1.30 Issued & Outstanding 259,158,816 14% 40% Institutions Retail Options* 12,650,000 7.5% Warrants* Strategic 32,048,419 Fully Diluted $2.00
Slide 25: Milestones
25 Power Metallic: Mining Metals That Matter 2026 Milestones Ramping Exploration Rising Resource Value MRE shows robust potential Metallurgy Report 3 near term catalyst for resource Commodity price driving attention to PEA in H1 2027. Feasibility to Follow Excellent results at Lion Potential Growth
Slide 26: Why invest in Power Metallic?
26 Power Metallic: Mining Metals That Matter Why invest in Power Metallic? World’s Highest-Grade Copper PGE Discovery Well-Funded with Near-term Catalysts Supported by High Profile Mining Investors 40,000m Exploration Program with 5 Rigs MRE in Great Start, PEA in H1 2027 TSX.V: PNPN | OTC:PNPNF | F
Slide 27: Have Questions?
27 Power Metallic: Mining Metals That Matter Have Questions? Contact Power Metallic Mines! Duncan Roy, VP IR T: (416)-580-3862 E: duncan@powermetallic.com Power Metallic Mines Inc. The Canadian Venture Building 82 Richmond St East, Suite 202 Toronto, ON M5C 1P1 TSX.V: PNPN | OTC: PNPNF | FRA: IVV1
Slide 28: Appendix Slides
28 Power Metallic: Mining Metals That Matter Appendix Slides FOR INTERNAL USE ONLY
Slide 29: Orthomagmatic
29 Power Metallic: Mining Metals That Matter Orthomagmatic Ni-Cu-PGE deposits family PGE PGE deposits or reefs Platreef Julimar PGE Cuprous zones, Oktyabrsky, Morrison, Lion Polymetallic Ni and Cu zones combined Voisey’s Bay, Raglan, NISK Succoth Ni Cu Ni Cu Voisey’s Bay Ni sulfide deposits Magmatic
Slide 30: Analyst Coverage
30 Power Metallic: Mining Metals That Matter Analyst Coverage Range: CAD$2.38 – $3.73 Average: CAD$2.91 $3.00 $2.70 Matthias Greiffenberger, Jonathan Guy M.Sc., M.A., Financial Analyst Director, Mining Cosmin Filker, Dipl. Research Betriebswirt (FH), Deputy Chief Analyst $3.65 Mark Reichman, Managin
Power Metallic Mines — Investor Presentation (October 2026) on 6ix