Slide 1: Corporate Presentation
Light Rare Earth Elements (LREE) Waswanipi- Saguenay Heavy Rare Earth Elements (HREE) Zone Carcajou Corporate Presentation May 2023 CSE:QREE www.qree.com 1
Slide 2: Forward Looking Information
Forward Looking Information This presentation contains “forward looking information” which may include, but is not limited to, statements with respect to the future financial or operating performance of Quebec Rare Earth Elements, its subsidiaries and its projects, the future metal price , the estim
Slide 3: Proven & Experienced Leadership
Proven & Experienced Leadership Benoit Desormeaux Martin Milette • CEO & Director • Director • 25+ years experience, 20+ • 25+ years experience, years at SEMAFO (CEO, including 15+ at SEMAFO COO, CFO) (CFO) • Quebec; CA, CPA • Quebec; CA, CPA Richard Roy John Jentz • VP Exploration & Director • Dire
Slide 4: Waswanipi-Saguenay Zone
Waswanipi-Saguenay Zone • Carcajou Property is located on Waswanipi-Saguenay Zone the Waswanipi- Saguenay Zone • Carcajou is French for Wolverine CSE:QREE www.qree.com 4
Slide 5: Carcajou is 75km NW of Saint-Félicien
Carcajou is 75km NW of Saint-Félicien • Carcajou is located 75km NW of Saint- Félicien, Quebec (near Lac St-Jean) • Road access is via a network of well- maintained gravel and forestry roads which cross the Carcajou property CSE:QREE www.qree.com 5
Slide 6: Saint-Félicien, QC, is a Great Area
Saint-Félicien, QC, is a Great Area • Population 10,000+, winter/summer activities, 485-acre municipal zoo • Local hydro-electrical power station on the Grande-Décharge River feed a paper mill (Price) and an aluminum smelting plant (Alcan), both still in operation today • Cégep de Saint-Félicien is
Slide 7: Carcajou is 17km High by 5km Wide
Carcajou is 17km High by 5km Wide • 17km High (north- south) x 5km Wide (east-west) provides district scale potential • 137 mining claims • 7,679 Ha (77 km2) forming a north-south trending rectangular CSE:QREE www.qree.com 7
Slide 8: Jeb Grab Sample = 10,561 TREO
Jeb Grab Sample = 10,561 TREO • Jeb and Claire ETR were discovered in 2020 during government mapping programs and have never received any exploration work • Jeb grab samples returned values up to 10,561 ppm TREO (total rare earth oxides) incl. 5,320 ppm Ce, 2,710 ppm La, 1,660 ppm Nd & 544 ppm Pr •
Slide 9: Jeb Grab Sample = 10,561 TREO
Jeb Grab Sample = 10,561 TREO Picture of Jeb Outcrop Picture of the Outcrop • Allanite, a REE rich mineral, was observed in both showings in a regionally favourable environment that hosts carbonatite intrusives and other REE showings CSE:QREE www.qree.com 9
Slide 10: Capital Structure Overview
Capital Structure Overview Shares Outstanding & Market Capitalization Shareholder Base Shares Outstanding (Basic) 40.6M Warrants 653,333 @ $3.00, exp. July 7th, 2023 Institutional / Management & Retail 1,776,927 @ $1.25, exp. Dec 21st, 2025 Board of Directors 45% 2,430,260 Warrants 55% 2.4M Options
Slide 11: Appendix
Appendix CSE:QREE www.qree.com 11
Slide 12: SEMAFO History & Track Record
SEMAFO History & Track Record • SEMAFO formed in 1994; always Montreal head office • Discovered, developed, financed, constructed & operated 4 mines in West Africa, all on-time, on-budget • Sold to Endeavour Mining (TSX:EDV) in 2020 for $1.6 Billion • At time of Sale • Production >400,000 oz Au/year
Slide 13: SEMAFO Mine Building Experience
SEMAFO Mine Building Experience ~Annual Construct First Gold On-Time Mine Country Mine Ending Production Start Pour On-Budget (Au oz’s) Kiniero 2001 2002 2014 50,000 Samira Hill 2005 2006 2013 80,000 Still Mana 2006 2008 Producing 200,000 Still Boungou 2017 2018 Producing 200,000 CSE:QREE www.qree.c
Slide 14: Rare Earth Element (REE) Geology
Rare Earth Element (REE) Geology • Rare Earth Element (REE) deposits can occur in different geological settings, carbonatites among the most common • Most carbonatite complexes are formed in intra-cratonic anorogenic or post-orogenic extensional settings and are commonly spatially related to major c
Slide 15: Waswanipi-Saguenay Regional Geology
Waswanipi-Saguenay Regional Geology • Carcajou Property is located along the Waswanipi-Saguenay Zone • Deep-seated extensional failed mid-continental rift zone • Spatially associated with many alkalic intrusive rocks and other REE deposits and showings CSE:QREE www.qree.com 15
Slide 16: Carcajou Local Geology
Carcajou Local Geology • Carcajou is located within the Grenville Province of the Canadian Shield • Rocks consists of gneisses of Proterozoic age varying from quartzites to migmatites and orthogneiss • Intrusive rocks of gabbro to norites and anorthosites are also present • An alkaline intrusive bod
Slide 17: Life Cycle of a Resource Company
Life Cycle of a Resource Company STAGE Early Stage Resource STAGE Development Production Exploration Identification Trenching Trenching Construction Growth TECHNIQUES TECHNIQUES Geophysic Drilling Financing Operating Geochemistry Geophysics Engineering Start-Up Geology Discovery Permitting STAGE Res