Slide 1: Critical Metals for Generations
TSX-V: FWZ OTCQB: FWEDF FSE: M0G CRITICAL METALS FOR GENERATIONS FireweedMetals.com Proud Member of Corporate Presentation – October 2023 1
Slide 2: Cautionary Statements
Cautionary Statements PEA Cautionary Note Readers are cautioned that the PEA is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reser
Slide 3: Discovery Group
. DISCOV=RY @ GROUP eo e @ An alliance of public companies, individually managed and focused on the oe C) advancement of global mineral exploration and mining projects, with a proven ® track record of generating shareholder value. @ ) @ Over C$2.6 billion Companies succeed with access to: in M&A sin
Slide 4: About Fireweed Metals
About Fireweed Metals Fireweed is a Canadian company with the mission to explore and develop critical mineral assets through progressive leadership, high standards, innovation, and collaborative partnerships for the benefit of present and future generations. Our Vision Fireweed Metals will sustainab
Slide 5: Our Values
Our Values Respect Integrity People Partnerships Honesty Inclusivity Progressive Transparency Collaboration Environmental Stewardship Accountability Health & Safety Social Stewardship Value Creation 5 TSX-V: FWZ | FireweedMetals.com 5
Slide 6: Capital Structure As of October 01, 2023
Capital Structure As of October 01, 2023 Management Teck Shares Outstanding 144,788,913 5.0% Other 8.3% Shares Issuable Under Stock Option Plan 12,261,400 19.6% Childress Family 12.8% Performance Shares 3,700,000 Lundin Agents Warrants 350,161 Holdings 6.8% Ibaera Investor Warrants 3,140,336 19.8% C
Slide 7: Board of Directors
Board of Directors Brandon Macdonald CEO & Director Adrian Rothwell ● Chairman, Commander Resources Ltd. ● Ex. Macquarie Bank CEO, Angold Resources ● BSc. Geology, UBC and MBA, Oxford University ● Long history of work in Yukon Marcus Chalk Principal, Gencap Mining Peter Hemstead CEO, Bluestone Resou
Slide 8: Why Critical Metals? Why Fireweed?
Critical metals essential Robust projects Why Critical Metals? Geopolitical conflict and resource nationalism are Our projects have grade, scale, economics and upside Why Fireweed? fueling critical metals focus potential Upcoming bull market Big names invested We’re leveraging our local and regional
Slide 9: Project Locations & Existing Infrastructure
Project Locations & Existing Infrastructure Gayna New zinc exploration project Macpass with intriguing potential and significant mineralization & Mactung Projects YUKON Over 978-sq-km land package The project is accessible via existing Railhead 3km road NORTHWEST Ross River TERRITORIES Whitehorse Te
Slide 10: Macpass Project
Macpass Project Overview We respectfully acknowledge that the Macpass Project is located on the Traditional Territories of the Kaska Dena Nation and the First Nation of Na-Cho Nyäk Dun. 10 TSX-V: FWZ | FireweedMetals.com 10
Slide 11: TSX-V: FWZ | FireweedMetals.com
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Slide 12: 2018 Resource Update & PEA
2018 Resource Update & PEA Resource Estimate Preliminary Economic Assessment Mt Zn Pb Ag ZnEq Indicated 24% C$448M C$404M 11.2 6.59% 2.48% 21.33 g/t 9.61% After-tax IRR After-tax NPV8 Initial CAPEX Inferred 39.5 5.84% 3.14% 38.15 g/t 10% Zinc Lead Silver 18 yrs 32.7 Mt *Using US$1.21/lb Zn, $0.98/lb
Slide 13: TSX-V: FWZ | FireweedMetals.com
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Slide 14: Why is Boundary Zone Significant?
Why is Boundary Zone Significant? Great Results • NB19-002: 230 m of 4.51% Zn from surface, including 100 m of 8.73% Zn, with 6.4m of 43.5% Zn • NB20-002: 213 m of 4.42% Zn, including 25.58% Zn over 5.81 m • NB21-002: 32.99 m of 9.91% Zn and 10,42 m of 23.77% Zn NB22-002 124.5 m of 12.3% Zn, 1.3% Pb
Slide 15: Exploration Targets
Exploration Targets 15 TSX-V: FWZ | FireweedMetals.com 15
Slide 16: Blueprint for Value Creation
Blueprint for Value Creation 2018 PEA establishes Base Case, then add Gov’t Road Resource 1 Funding 2 Engineering 3 Expansion "$71M commitment on Engineering optimizations Resource expansion at both road funding reduces up- increase pit size at Tom using Tom & Jason improves mine front CAPEX new Geo
Slide 17: Mactung Project
Mactung Project Overview We respectfully acknowledge that the Mactung Project is located on the Traditional Territories of the Kaska Dena Nation and the First Nation of Na-Cho Nyäk Dun, and the Sahtu Settlement Area. 17 TSX-V: FWZ | FireweedMetals.com 17
Slide 18: TSX-V: FWZ | FireweedMetals.com
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Slide 19: Why Tungsten?
Why Tungsten? CRITICAL METAL Tungsten is a critical metal as now listed by Canada, the USA, and the EU, with extreme physical characteristics necessary for many industries CHINA MARKET DOMINATION China controls both the resource and production side of the Tungsten market, creating risks to the west
Slide 20: Mactung 2023 Relative Resource Size
Mactung 2023 Relative Resource Size Mactung is one of the largest, highest-grade undeveloped Tungsten deposits in the world. Combined, these two projects could be even more than the sum of their parts. Million Mactung WO3 % Tonnes 3 Indicated 41.5 0.73 Inferred 12.2 0.59 TSX-V: FWZ | FireweedMetals.
Slide 21: Gayna
Gayna Overview We respectfully acknowledge that the Gayna Project is located within Settlement Areas of Sahtu and Gwich’in, and the Traditional Territory of First Nation of Na-Cho Nyäk Dun. 21 TSX-V: FWZ | FireweedMetals.com 21
Slide 22: Introduction
Introduction • Located in Mackenzie Mountains, NWT, Canada and 180 km West of Norman Wells, NWT, 180 km north of the Macpass project, Yukon • Highly underexplored area • Platform equivalent rocks to the prolific Selwyn Basin (Tom and Jason) • Well-renowned but forgotten zinc district • Includes crit
Slide 23: History
History 1970s o Rio Tinto drilled >28,000 m o Exploration Target1 of 30-50 Mt 4.0-4.5% Zn 0.0-0.5% Pb 1980s o Rio let claims lapse, believing low potential for high-grade 1999 o Re-staked by Eagle Plains 2007 o Strategic Alliance with Teck 2018 o Claims lapsed 2018 o Academic research likens Gayna P
Slide 24: 2022 Exploration Update
2022 Exploration Update • High-grade rock samples confirmed the presence of massive sulphide mineralization that also contains elevated gallium and germanium (all 8 grab samples graded better than 7% zinc, including one at 51% zinc; one of these samples also graded 74% lead). • Soil samples confirme
Slide 25: Thank you!
Proud Member of Thank you! Please visit us online at fireweedmetals.com and follow for updates. Brandon Macdonald Head Office CEO & Director TSX-V: FWZ 1020 - 800 West Pender St. OTCQB: FWEDF +1 (604) 646-8360 brandon@fireweedmetals.com Vancouver, BC FSE: M0G V6C-2V6 25