Spc Nickel Corp. · TSXV:SPC
Spc Nickel — Investor Presentation (July 2026)
26 slides from Spc Nickel's investor presentation, July 2026
Slide 1: Advancing the Muskox Cu-Ni-PGM Project
Advancing the Muskox Cu-Ni-PGM Project Corporate Presentation | Q3 2026 TSX-V: SPC
Slide 2: District-Scale Portfolio in Prolific Regions
SPC Nickel Corp. District-Scale Portfolio in Prolific Regions Muskox Cu-Ni-PGM Property MUSKOX PROPERTY, Nunavut, Canada ▪ District-scale polymetallic Cu-Ni-PGM opportunity located Canada’s Far North ▪ Recent consolidation gives SPC control of over 496 km2 of the Muskox Intrusion ▪ Numerous similari
Slide 3: The Nunavut Critical Metals Rush is On
Muskox Cu-Ni-PGM Property The Nunavut Critical Metals Rush is On ▪ SPC Nickel’s flagship Muskox Project is located 70 km south of Kugluktuk within the Kitikmeot Region of Nunavut (KIA) ▪ Dramatic increase in exploration activity for Critical Metals within western Kitikmeot Region. Focus is on Cu-Ni-
Slide 4: Generational Discovery Potential
Muskox Intrusion Generational Discovery Potential ▪ Tier-1 Geology with Analogs to Global Giants (Norilsk, Sudbury, Voisey’s Bay). ▪ Largely untouched by modern (15-20 yrs) exploration and geophysical techniques (2025 field program, MT/EM surveys completed). ▪ High-grade polymetallic mineralization
Slide 5: Targeting an Emerging Tier-1 Cu-Ni-PGM District
In the Footsteps of Giants Targeting an Emerging Tier-1 Cu-Ni-PGM District ▪ Multi-commodity – Natural revenue balance across cycles; hedge the commodity cycle ▪ Strategic Metals – Cu, Ni, Co, Pt, Pd for energy & electrification ▪ High Value Per Tonne – >$300/t NSR; by-product credits often offset c
Slide 6: The Right Geological Environment
Muskox Cu-Ni-PGM Property Kugluktuk The Right Geological Environment Crustal-scale Structures ▪ The Muskox Intrusion occurs along a crustal scale structural boundary marking the Muskox western margin of the Slave Province ▪ Uplift and rifting due to a mantle plume (Mackenzie event) Gravity Large Ign
Slide 7: Muskox Intrusion - Geology
Muskox Cu-Ni-PGM Property Muskox Intrusion - Geology ▪ Discovery by Inco in the 1950’s ▪ One of the largest and most underexplored copper-nickel systems globally A B ▪ Approximately 125 km long, and ranges from 200-600m wide in the feeder dyke to 11 km wide in the main body of the intrusion ▪ Long,
Slide 8: High-grade Mineralization at Surface and in Drillhole
Basal Contact and Footwall Cu-Ni-PGM Mineralization High-grade Mineralization at Surface and in Drillhole ▪ Extensive gossans (30-40 km) developed along the margins of the Muskox Intrusion ▪ Hosted within the marginal zone or within a thick zone (up to 100m) of Selective historical high-grade drill
Slide 9: Scale - Massive Untested Potential
Muskox Cu-Ni-PGM Property Scale - Massive Untested Potential Prospective Keel Zone Canoe Lake Block ▪ 200 km2 of prospective contact to a vertical Speers Lake depth of 1,250m (not including Feeder Dyke) Target Potential Tonnes ▪ Comparable in scale to the Sudbury Basin – Assumes 20m thickness and a
Slide 10: Speers Lake Target
Exploration Focus Speers Lake Target Cu Cu Eq Pd Pt Au 3E Sample ID Ni (%) Ag (g/t) (%) (%)1 (g/t) (g/t) (g/t) (g/t) Two main styles of mineralization ▪ Sharp-walled massive Cu-Ni-PGM rich sulphide veins hosted within adjacent altered M017946 21.70 3.70 31.96 4.96 1.37 1.87 11.5 8.20 metasediments M
Slide 11: Equinox Target
Exploration Focus Two main styles of mineralization ▪ Sharp-walled massive Cu-PGM rich sulphide veins hosted within adjacent altered footwall Equinox Target metasediments ▪ Strongly enriched in PGM’s (up to 114 g/t), Pd dominated (up to 98 g/t) ▪ Very similar to the footwall deposits of the Sudbury
Slide 12: Pyrrhotite Lake Target
Exploration Focus Pyrrhotite Lake Target Three main styles of mineralization ▪ Massive Ni-sulphide mineralization with loops of massive chalcopyrite (M07774) ▪ Sharp-walled massive Cu-PGM rich sulphide veins hosted within adjacent altered footwall metasediments (M017839). Two separate locations 200m
Slide 13: Blue-Sky Potential
Muskox Feeder Dyke Cu-Ni-PGM Blue-Sky Potential ▪ Extends for 60 km south of the Coppermine River ▪ Feeder Dyke ranges from 200 to 600m in width and exhibits steeply dipping walls Magmatic Breccia ▪ Two main historic showings: Spider Lake and SKOX Spider Lake 5.4% Ni, 2.9% Cu 6.5 g/t Pd, 0.8 g/t Pt.
Slide 14: MobileMT Survey
2025 Program MobileMT Survey ▪ 1,109 line-km airborne MobileMT electromagnetic survey completed ▪ 3D architecture of the Muskox Intrusion ▪ Testing for large conductive regions associated with the basal contact of the intrusion and the extensive Keel Zone ▪ Large, shallow, north plunging stratiform
Slide 15: Surface Results Support Discovery Potential
Muskox Cu-Ni-PGM Property Surface Results Support Discovery Potential Pd Pt Au Pd+Pt+Au Cu+Ni Category Target Sample ID Cu (%) Ni (%) (g/t) (g/t) (g/t) (g/t) (%) ▪ SPC Nickel’s surface sampling between 2021–2025 Top Cu Speers Lake M017946 21.70 3.70 4.96 1.37 1.87 8.20 25.40 supports the significant
Slide 16: All the Right Characteristics
Muskox Intrusion All the Right Characteristics Physical Characteristic Norilsk Voisey’s Bay Sudbury Muskox Associated with a LIP Emplaced along a craton Sudbury margin Ni depletion in comagmatic Muskox basalts Intrusion Mineralization associated with ‘gabbroic rocks’ Structural/topographic traps Nor
Slide 17: Next Steps – 4 Year Plan
Advancing the Muskox Project Next Steps – 4 Year Plan 2025 ▪ Completed initial airborne based geophysics across the main Muskox Intrusion and the Feeder Dyke o Main Intrusion - Airborne EM and Magnetotellurics (MT) surveys Feeder Dyke - Airborne Magnetics/Electromagnetics (EM) survey ▪ 2–3-week foll
Slide 18: 130 Years of Continuous Production
Sudbury Mining District 130 Years of Continuous Production Unique Geological History: Sudbury represents the eroded remains of a 1.85- billion-year-old impact crater History of Mining: Since late 1880’s, 77 mines have produced over 1.8 billion tons of ore worth an estimated $330 billion using curren
Slide 19: A Tale of Two Deposits
Lockerby East Property A Tale of Two Deposits West Graham Deposit – Open Pit Potential ▪ Broad zone of high-tenor blebby Ni-Cu sulphides (0.3- 0.7% NiEq) with a well-developed higher-grade core (>0.7% NiEq) ▪ Large ‘In-Pit’ and ‘Out-of-Pit’ Resource with expansion potential for both with additional
Slide 20: Large Mineralized System
West Graham to LKE Deposit Large Mineralized System In-Pit Resource Upside Potential Increases with Depth ▪ Mineralized system extending over a distance of 1,350m ▪ Grade, Ni tenor (5-6% Ni to >10% Ni tenors), PGM content and strength of EM conductors increase with depth ▪ Transition to more massive
Slide 21: Blue Sky Exploration Potential
LKE Deposit Blue Sky Exploration Potential ▪ Fall 2025 drill program targeted 1,000m trend of untested high conductivity EM targets down-dip of LKE Deposit ▪ Minimal previous drilling by Falconbridge in 1980s ▪ Historical holes encountered narrow zones of high-grade, very high Ni tenor massive sulph
Slide 22: Recent Results & Pending
Advancing the Muskox Project Recent Results & Pending Ground EM & MT Surveys Underway at Muskox (Summer 2026) ▪ The 2026 program builds directly on the results of the Company's 2025 exploration campaigns, which identified 85 high-priority EM conductors across the Muskox Intrusion and its 60-kilometr
Slide 23: Capital Structure
Committed Partners Capital Structure SPC.V 447m 14.5m 55m $31m $5m TSX-V Shares Outstanding Options¹ Warrants Market Cap Cash (~$0.07/sh) (01 July, 2026) 36% Ownership SPC Nickel Corp. TSX-V:SPC I www.spcnickel.com 1. Options include 4,550,000 RSUs & DSUs 23
Slide 24: Technical Team, Decades of Leadership
Management & Directors Technical Team, Decades of Leadership Professional geologist with 25+ years of experience in the mining industry. In-depth knowledge of magmatic Grant Mourre – President, CEO & Director nickel deposits, particularly in the Sudbury Basin. Co-recipient of the Bernie Schneiders D
Slide 25: Advancing High-Quality Cu-Ni-PGM Assets
Investment Highlights Advancing High-Quality Cu-Ni-PGM Assets Focused on the Exploration and Development of high-quality North American based Cu-Ni-PGM assets; from Opportunity past producers with resources to district scale greenfield opportunities. Tier-1 Geological Muskox Intrusion (496 km²) shar
Slide 26: Thank You
Thank You Grant Mourre, President & CEO For more information contact me at: gmourre@spcnickel.com +1-705-929-8694 (Canada) Q3 2026 TSX-V: SPC