Purepoint Uranium Group Inc. · TSXV:PTU
Purepoint Uranium — Investor Presentation (May 2023)
27 slides from Purepoint Uranium's investor presentation, May 25, 2023
Slide 1: A Compelling Exploration Advantage
A COMPELLING EXPLORATION ADVANTAGE Investing in Canada’s Uranium Exploration TSXV: PTU / OTCQB: PTUUF May 25, 2023
Slide 2: Forward Looking Statements
Forward Looking Statements Disclaimer The general information set out in this presentation regarding the uranium market, including but not limited to, the demand and supply of uranium, historical events that affected uranium pricing, the global state of the uranium market and other related informati
Slide 3: Capital Structure
CAPITAL STRUCTURE Fully funded for upcoming exploration schedule Share Price Change Since Dec 1, 2020 (5 Day Rolling Average) TSX Venture: PTU | OTCQB: PTUUF Market Capitalization ($Cdn as of May 15, 2023) $20.88 mm 52 Week Range $0.10 - $0.04 Shares Outstanding 417.53 mm Options (@$0.09 weighted av
Slide 4: Highly Qualified Leadership Team
HIGHLY QUALIFIED LEADERSHIP TEAM With decades of experience in the Athabasca Basin Chris Frostad, BBA, CA, CPA - President & CEO and Director Linda Tong, GIS Specialist • 35+ years of experience in the development and building a variety of high • 20+ years of experience in GIS application, GIS growt
Slide 5: Compelling Exploration Upside
COMPELLING EXPLORATION UPSIDE Exploration discovery delivers the most dramatic inflection point in resource value Carefully Assembled Athabasca Basin Portfolio Actively advancing a deep pipeline of strategically situated, drill ready projects in the world’s richest uranium district The uranium indus
Slide 6: Deep Portfolio of Advanced Drill Ready Projects
DEEP PORTFOLIO OF ADVANCED DRILL READY PROJECTS Highly prospective projects Since 2002, Purepoint has acquired and explored over 500,000 hectares of property across the Athabasca Basin, quickly and efficiently releasing those demonstrating the fewest prospects. What remains is a collection of well u
Slide 7: Deep Portfolio of Advanced Drill Ready Projects
DEEP PORTFOLIO OF ADVANCED DRILL READY PROJECTS Nine highly prospective projects TSXV: PTU | OTCQB: PTUUF 7
Slide 8: Hook Lake JV
HOOK LAKE JV Cameco | Orano | Purepoint Joint Venture Breakdown Next Steps • Cameco: 39.5% • Orano: 39.5% • Follow-up drill program at Carter Corridor for • Purepoint: 21.0% 2024 winter program • As the operator, Purepoint earns a 10% • The 25-kilometre strike length of the Carter management fee str
Slide 9: Hook Lake JV
HOOK LAKE JV Cameco | Orano | Purepoint Purepoint’s Spitfire Discovery . • Resource not defined • Results include 10.3% U3O8 . over 10.0 metres . NexGen’s Arrow Deposit • 2018 PFS . • Indicated Resource • 256,600,000 lbs U3O8 • Avg Grade 4.03% U3O8 Fission’s Triple R Deposit • 2022 Resource Est. • I
Slide 10: Significant Learnings Clearwater Domain
Significant Learnings Clearwater Domain Sabre • Geological Setting • Rock Type Dragon Geological Survey of Canada* Hornet • Heat from Clearwater Domain mobilized oxygenated uranium • Mobilized uranium found long lived, reactivated faults • Uranium precipitation occurred as oxygen left the fluids * -
Slide 11: Clearwater Domain
Carter Corridor • 25km band of graphitic conductors Clearwater • Ideal Rock Type Domain • Extremely close to hydrothermal Carter Corridor heat source (Clearwater Domain) • Complex, long-lived faulting pattern 2008 Purepoint Drilling • Predates any Patterson discoveries 2023 Drilling • Spikey radiati
Slide 12: 2023 Winter Drill Results
> =9 ¹ 600000 602000 604000 > = > 9 =9 > = 9 AA > =9 > = 9 6400000 6400000 A > = 9 > = 9 > = 9 > = > = 9 9 > = ! H 9 > = > = CRT23-05 9 9 2023 Winter Drill Results > = > ! ( 9 A =9 0.08% U 3O8 > = = 9 CRT23-06 over 0.4 m >9 > = = 9 > =9 > Diamond drill hole CRT23-05 returned 9 • > A =9 ct . orp ! H
Slide 13: 100% Owned Red Willow Project
100% OWNED RED WILLOW PROJECT A host of ready targets Description Next Steps • 22 mineral claims for a total of • Prospecting and field checking of 40,116 hectares Dancing Lake, Long Lake, Topping • 100% owned Island, Golden Eye, Ghost Lake, Horse • 2022/23 winter drill program Lake, Boundary, Jeffr
Slide 14: 100% Owned Red Willow
100% OWNED RED WILLOW ~10km NE of Orano’s JEB Mine & ~10km N of Cameco’s Eagle Point Mine Topping Island Golden Eye Jeffrey Description: Dancing Lake • 22 mineral claims with a total area of 40,116 hectares Osprey Dominic • 100% Owned Boundary Geneva • 2023 Fall Drill Program: Long Lake • 9 priority
Slide 15: 100% Owned Turnor Lake Project
100% OWNED TURNOR LAKE PROJECT Drilling to date has identified a large region of elevated uranium Description Next Steps • 9,706 hectares situated in the easter plane of the • Results from 2 drill holes drilled at Athabasca Basin Turnor Lake during fall 2022 will be • 100% owned used to re-interpret
Slide 16: 100% Owned Turnor Lake Project
100% OWNED TURNOR LAKE PROJECT Drilling to date has identified a large region of elevated uranium IsoEnergy’s Hurricane Deposit 48.61MM lbs U3O8 @ 34.5% Purepoint IsoEnergy Denison ddh OD-1 0.06% U3O8 over 3.4 m La Roque Showing 29.9% U3O8 over 7.0 m Cameco Description: • 9,706 hectares situated in
Slide 17: 100% Owned Tabbernor Project
100% OWNED TABBERNOR PROJECT Due south of some of the Basin’s largest uranium deposits Description Next Steps • 70,598 hectares situated just outside of the • Follow-up airborne geophysics and Athabasca Basin and due south of some of the geological field mapping is planned for Basin’s largest uraniu
Slide 18: 100% Owned Tabbernor Project
100% Owned Tabbernor Project Located within the Tabbernor Fault System Tabbernor Fault System (TFS) • The TFS is a wide, >1500 km geophysical, topographic and geological structural zone • It hosts over 80 historic mines and gold occurrences, as well as cross cuts the Basin’s mine trend aligning itse
Slide 19: Smart Lake Joint Venture
SMART LAKE JOINT VENTURE Due south of some of the Basin’s largest uranium deposits Description Next Steps • 9,860 hectares ~18 km west-northwest of • Follow-up airborne geophysics and Hook Lake JV and ~60km south-southwest of geological field mapping is planned for Orano’s former Cluff Lake Mine the
Slide 20: Smart Lake
Smart Lake JV with Cameco Corp. • Geologically connected to the Shea Creek Deposit • The Smart Lake targets represent the southern end of the “Saskatoon Lake Conductor: displaced along the Beaty River Fault • Early drilling by the JV partners, intersected basement-hosted uranium mineralization assoc
Slide 21: 100% Owned Carson Lake Project
100% OWNED CARSON LAKE PROJECT 3 Drill Ready Targets Identified Description Next Steps • 4,972 hectares on the eastern side of the • Inaugural drill campaign planned for Athabasca Basin, adjoining Valore’s Hatchet Sept-Nov 2023 Lake Project TSXV: PTU | OTCQB: PTUUF 21
Slide 22: Carson Lake Project
Carson Lake Project 3 Drill Ready Targets Identified, Drilling Planned for Fall 2023 2022 Gravity 2022 First Derivative Magnetic Exploration is focused on basement-hosted uranium mineralization targets similar to the Eagle Point deposit situated 50 km south-southwest of Carson Lake Targets: • Killoc
Slide 23: Compelling Exploration Upside
COMPELLING EXPLORATION UPSIDE Exploration discovery delivers the most dramatic inflection point in resource value Carefully Assembled Athabasca Basin Portfolio Advancing Several Projects Towards a Discovery Actively advancing a deep pipeline of strategically situated, drill ready projects in the wor
Slide 24: Chris Frostad, President & CEO
Chris Frostad, President & CEO cfrostad@purepoint.ca T: +1.416.603.8368 Jeanny So, Corporate Communications info@jeannyso.com T: +1.647.202.0994 www.purepoint.ca Twitter @PurepointU3O8 LinkedIn @Purepoint-Uranium YouTube @Purepoint Uranium
Slide 25: Appendix
Appendix TSXV: PTU / OTCQB: PTUUF Q4 - 2022 25
Slide 26: The Uranium Landscape
THE URANIUM LANDSCAPE Uranium Price Cycle Fukushima U.S Production Shut Down Effectively halted Planned & Sustained Azelik Mine China Langer Heinrich Namibia Supply Reductions $80.00 Honeymoon Mine Rabbit Lake McArthur River $70.00 Australia Canada Canada Olympic Dam Australia Incentive Price Somair
Slide 27: The Uranium Landscape
THE URANIUM LANDSCAPE Uranium Price Cycle $80.00 $70.00 30% Annual Production/Demand Gap $60.00 23% $50.00 19% 19% $40.00 14% 15% 14% $30.00 10% 9% $20.00 7% $10.00 0% $0.00 2011 2013 2015 2017 2019 2021 TSXV: PTU | OTCQB: PTUUF 27
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