Fireweed Metals Corp. · TSXV:FWZ
Fireweed Metals — Investor Presentation (January 2024)
34 slides from Fireweed Metals's investor presentation, Jan 31, 2024
Slide 1: Critical Metals for Generations
TSX-V: FWZ OTCQB: FWEDF FSE: M0G CRITICAL METALS FOR GENERATIONS Proud Member of Corporate Presentation – January 2024
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: Why Critical Metals? Why Fireweed?
Coming Bull Market Massive Global Stimulus Chronic underinvestment and Fiscal stimulus will focus on Why Critical Metals? protracted bear market has left cupboard bare infrastructure, bullish for zinc Why Fireweed? Best-in-Class Projects Strong Backers, Cashed Up Macpass and Mactung have Teck, Lundi
Slide 4: Critical Metals for Generations
CRITICAL METALS FOR GENERATIONS MP Zinc's unique properties make it an essential metal for everyday life. Zinc plays a crucial role in: ▪ Renewable Energy ▪ Healthcare ▪ Transportation ▪ Infrastructure ▪ Food Security ▪ Industrial Applications GP ▪ Energy Storage ▪ Electronics Tungsten is an extreme
Slide 5: Project Highlights
PROJECT HIGHLIGHTS MP MT GP MACPASS PROJECT MACTUNG PROJECT GAYNA PROJECT ▪ One of the world’s largest ▪ World’s largest high-grade ▪ Exceptional exploration potential high-grade undeveloped zinc tungsten deposit** for zinc, germanium, gallium, projects* lead, and silver ▪ Environmental Assessment ▪
Slide 6: Capital Structure
CAPITAL STRUCTURE As of January 17, 2024 Shares Outstanding 145,445,800 Shares Issuable Under Stock Option Plan 12,031,400 Lundin Trust 19.7% Performance Shares 3,700,000 Other 46.2% Larry Agents Warrants 61,941 Childress 13.1% Investor Warrants 2,887,669 Teck Resources Fully Diluted 164,126,810 8.3
Slide 7: Management and Board of Directors
LEADERSHIP John Robins Brandon Macdonald Chairman CEO & Director ▪ Great Bear Royalties - Founder & Chairman, $200M exit ▪ Commander Resources Ltd. - Chairman ▪ Great Bear Resources – $1.8B exit ▪ Macquarie Bank - Alumni ▪ Kaminak Gold – Founder & Executive Chairman, $520M exit ▪ UBC - BSc. Geology
Slide 8: Project Locations & Existing Infrastructure
PROJECT LOCATIONS & EXISTING INFRASTRUCTURE Gayna (Zn-Pb-Ag) Project Macpass (Zn-Pb-Ag) New zinc exploration project with intriguing potential and significant & Mactung (W) Projects mineralization >950 km2 land package Projects are accessible via road and existing Railhead airstrip at site Deep-sea
Slide 9: Progress & Catalysts
PROGRESS & CATALYSTS COMPLETED 2023 UPCOMING 2024 ▪ +$50M raised ▪ Macpass assays pending ▪ Acquisition of Mactung finalized ▪ Update Macpass Mineral Resource ▪ Updated resource for Mactung Estimate ▪ Largest drill campaign at Macpass with ▪ Mactung PEA >22,500 m ▪ 2024 program in the planning stage
Slide 10: Macpass Project Overview
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
Slide 11: One of the World's Largest Undeveloped Zinc Projects
ONE OF THE WORLD’S LARGEST UNDEVELOPED ZINC PROJECTS ▪ Host to multiple zinc-lead-silver deposits within a 940 km2 land package ▪ Accessible via the North Canol Road and the Macmillan Pass aerodrome, ~250 km from Ross River Macpass 2018 Resource Estimate Tonnage + 6 Years Drilling 1 Zn Pb Ag (g/t) Z
Slide 12: Boundary Zone
Boundary Zone TSX-V: FWZ | FireweedMetals.com 12
Slide 13: Why Is Boundary Zone Significant?
WHY IS BOUNDARY ZONE SIGNIFICANT? Robust potential for both scale and grade derived from stockwork/brecciated mineralization + high-grade massive sulphide stratiform layers Scale 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,
Slide 14: Drilling Highlights
Drilling Highlights 2023 Drilling Program ▪ 2023 program achieved 22,500 m of drilling mostly focused on Boundary, Tom, and Jason zones, with step-out holes at Boundary Zone, Tom South and Jason South Boundary ▪ In 2023, zinc mineralization was hit in all 40 holes, connecting Boundary Main and Bound
Slide 15: Highly Prospective Targets
N A Macpass CORVUS >3 KM long Zn-in-soil anomaly ELEVEN Project Large Zn-in-soil anomaly with up to 1.7% Zn in soil VOLCANIC * Pb-in-soil anomaly. * up-ice from high-grade glacial erratics * — * w—— 3 cece = BOUNDARY BOG Sorat iatcell| Z ZONE: ; oe anomaly \ Major structure, Historical hole intersec
Slide 16: Significant Additional Blue-Sky Potential
Aerodrome SIGNIFICANT ADDITIONAL BLUE-SKY POTENTIAL BLUE-SKY POTENTIAL North Canol Road
Slide 17: Mactung Project Overview
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. TSX-V: FWZ | FireweedMetals.com 17
Slide 18: The World's Largest High-Grade Tungsten Deposit
THE WORLD’S LARGEST HIGH-GRADE TUNGSTEN DEPOSIT ▪ Host to a large tungsten deposit within a 38 km2 area, 100% owned by Fireweed ▪ Adjacent to Macpass, and access via the North Canol Road and the Macmillan Pass aerodrome ▪ Extensive drilling, engineering, metallurgy, geotechnical, and environmental
Slide 19: Mactung Project
“ - fl » tf sf et. 3 >, . A Y ke - ¢ 7 7 N i Tg o 4 y , f ‘ rr s 7 i fh Mactung Project 38 ihe , ee see, f ; 5 ‘ # ; - a 7 — j Northwest ¢ Z Territories FIREWEEL ) METALS
Slide 20: Why Mactung?
WHY MACTUNG? CRITICAL METAL The U.S., Canada and the EU have designated tungsten a critical metal. It has extreme physical characteristics necessary for many industries. CHINA MARKET DOMINATION China controls most of the world’s tungsten deposits and production, creating risks to the west in a chang
Slide 21: Mactung Stands Out
MACTUNG STANDS OUT Mactung is an outlier in the tungsten space, with both significant scale and outstanding grade. (37.36M MTU) 3 21 TSX-V: FWZ | FireweedMetals.com
Slide 22: Mactung Has a Clear Pathway to Production
MACTUNG HAS A CLEAR PATHWAY TO PRODUCTION 2023 2024 2025 2026 2027 2028 2029 Project Optimization Licensing Environmental Studies Geotechnical Investigation Industrial Base Engagement Metallurgical Test Program Bulk Met Sample + Pilot Impact Benefit Agreement(s) Negotiation 3 Feasibility Study Licen
Slide 23: Gayna Project Overview
Gayna Project 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. TSX-V: FWZ | FireweedMetals.com 23
Slide 24: Great Exploration Potential for Zinc, Germanium, Gallium, Lead, and Silver
GREAT EXPLORATION POTENTIAL FOR ZINC, GERMANIUM, GALLIUM, LEAD, AND SILVER ▪ Located 180 km north of Macpass, in the Mackenzie Mountains, NWT ▪ Rio Tinto drilled 28,000 m in the 1970s. Claims ultimately lapsed ▪ New interpretation establishes Gayna's geological setting and mineralization as similar
Slide 25: Exploration Update
EXPLORATION UPDATE ▪ High-grade rock samples confirmed the presence of massive sulphide mineralization that also contains elevated gallium and germanium. ▪ Soil samples confirmed the presence of a strong, 4 km x 1 km, historical zinc and lead soil anomaly ▪ Results from two ground gravity surveys to
Slide 26: Blueprint for Value Creation
BLUEPRINT FOR VALUE CREATION MP MT GP FIREWEED METALS MACPASS PROJECT MACTUNG PROJECT GAYNA PROJECT ▪ With best-in-class team ▪ Resource expansion, ▪ Updated environmental ▪ Exciting discovery upside and strong backers, inaugural Boundary and economic studies, and further drill targeting at Fireweed
Slide 27: 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 27
Slide 28: Appendix
Appendix 28 TSX-V: FWZ | FireweedMetals.com 28
Slide 29: 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 30: Our Values
OUR VALUES INTEGRITY Honesty, Transparency, Accountability RESPECT PARTNERSHIPS For stakeholders Progressive, Environmental Stewardship, Social Stewardship, Value Creation For Indigenous partners For shareholders PEOPLE Inclusivity, Collaboration, Health & Safety TSX-V: FWZ | FireweedMetals.com 30
Slide 31: Sustainability Approach
SUSTAINABILITY APPROACH What does it mean to Fireweed? benefit local communities, and enhance project and investment certainty. Undertaking exploration and mine development activities that respect the environment, r_ Environmental Stewardship Climate Action Po Monitoring in 2023 | (Net Zero ) Offset
Slide 32: Why Zinc?
Why Zinc? TSX-V: FWZ | FireweedMetals.com 32
Slide 33: Why Tungsten?
Why Tungsten? TSX-V: FWZ | FireweedMetals.com 33
Slide 34: Leveraging Emerging Technologies
Leveraging Emerging Technologies ▪ Automated core cutting to improve speed, efficiency, and reduce job hazard and fatigue ▪ Automated core scanning to improve data capture for future interpretation and validation ▪ Directional drilling techniques to improve drilling efficiency and accuracy 34
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