First Lithium Minerals Corp. · CSE:FLM
First Lithium Minerals — Investor Presentation (August 2026)
28 slides from First Lithium Minerals's investor presentation, Aug 26, 2026
Slide 1: First Lithium Minerals Corp.
First Lithium Minerals Corp. C A N A D I A N L I T H I U M A N D C R I T I C A L M E TA L S E X P L O R AT I O N A N D D E V E L O P M E N T C O M PA N Y C S E : F L M | OT C : F L M C F | F S E : X 2 8 Q3 2026
Slide 2: Cautionary Statements
Cautionary Statements Information set forth in this presentation contains forward-looking statements that are based on assumptions as of the date of this presentation. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future per
Slide 3: Ascotan Lithium Brine Project (Chile) and Lidstone Gold (Ontario)
Ascotan Lithium Brine Project (CHILE) ❖ 6,400 ha of exploration concessions ❖ 100% ownership, no royalties ❖ Hydrogeologic setting of the Andean plateau (“lithium triangle”) ❖ Excellent infrastructure: power, highway and railroad onsite, water, access to seaport ❖ Two geophysical surveys 47 line-km;
Slide 4: Corporate Profile
Corporate Profile CSE: FLM Shares issued and outstanding 112.2 million Share price $0.11 Market cap. (Aug. 26, 2026) $12.3MM Cash $2.0 MM No Debt No warrants Options 4,350,000 @ $0.08 exp. Dec. 2028 4
Slide 5: Management and Board
Rob Saltsman | President, CEO and Director Mr. Saltsman has 25 years of experience in venture capital and public investments and is the Founder of First Lithium Minerals Corp., a company he founded in 2017. He served as the CEO of Compel Capital Inc. and RMM Ventures Inc., and as Vice President of G
Slide 6: Lithium Price
Lithium Price Continued recovery in lithium prices in 2026 Spot LCE prices stabilized at USD $22/kg, which made brine producers cash flow positive with a healthy operating margin Lithium battery storage systems started to account for more than 20% of the total demand Strong EV and battery storage sy
Slide 7: Lithium Demand
DEMAND ~1.5 MM TPY LCE 2026 Others, 10% Other Batteries, 20% Lithium Demand EV Batteries, 70% Lithium demand is expected to continue be driven by EV, consumer electronics, grid, and mobility DEMAND ~2.8 MM TPY LCE 2030E Others, 8% Other Batteries, 17% EV Batteries, 75% Source: SQM, S&P Global, Indus
Slide 8: Lithium Supply
Share of lithium minerals and brine production LCE tpy (%) Lithium Zimbabwe 1% United States 1% Portugal Supply Brazil 1% Argentina 6% 1% China 13% Global lithium production is expected to reach ~ 1.6 million tpy LCE in 2026 Australia Inelastic nature of supply 52% Long time to bring new capacity on
Slide 9: Salar de Ascotan Project
Salar de Ascotan Project 9
Slide 10: Project Location and Infrastructure
Project Location and Salar de Ascotan Project Infrastructure One of the six lithium salars approved by the Chilean Government for priority development EL Abra Copper Mine Hydrogeologic settings of the Andean plateau bordering Bolivia Cerro Pabellion Geothermal Plant Access from the town of Calama, C
Slide 11: Topography of the Salar de Ascotan
Topography of the Salar de Ascotan The salar basin is bordered on the north by the Salar de Carcote basin, on the east by volcanic chains bordering Bolivia To the south, the basin is bordered by the San Pedro de Inacaliri River basin, while to the west the basin is cut-off by a volcanic chain summit
Slide 12: Mineralization
Mineralization Mineralization in the Salar de Ascotan Project is primarily represented by three different fractions: ❑Liquid, represented mainly by chloride and sulfate brines ❑Dendritic material, consisting of sand, silt and clay intercalated in the salar sediments ❑Various precipitated salt compou
Slide 13: Salar de Ascotan Exploration Target
Salar de Ascotan Exploration Target 6,400 ha of exploration concessions form on-going exploration and potential resource delineation target Sediment brine sampling up to 1,300 mg/L Li Climate is arid with average annual precipitation < 100 mm Project altitude 3,716 msnm Soft and hard saline crusts a
Slide 14: Hydrogeology
Hydrogeology Lithium (Li), potash (K), boron (B), sodium (Na) and magnesium (Mg), among others, are leached and transported from rocks in the catchment, and then accumulated and concentrated by evaporation in the Salars Geology and hydrogeology extensively studied and investigated by SQM, Codelco an
Slide 15: Exploration Program
Exploration Program 15
Slide 16: TEM and MT Geophysics
TEM and MT Geophysics Completed extensive property-wide Transient Electromagnetic (TEM) geophysical surveys (December 2022) TEM contiguously spaced stations along 28 profiles for a total of 47.8 line-km Highly conductive zones across concessions up to 400m at less than 1.0 Ohm-m beneath the surface
Slide 17: Salar de Ascotan sediment brine up to 1,300 mg/L lithium
Salar de Ascotan sediment brine up to 1,300 mg/L lithium Highs of >1,000 Li mg/l sedimentary brine samples validate Salar de Ascotan as a strong exploration target for a potential future resource Salar de Ascotan mineralization is expected to exhibit typical hydrogeological conditions of the salars
Slide 18: Sedimentary Brine Sampling Program
Sedimentary Brine Sampling Program ❑ 20 sedimentary brine samples collected via augur drilling 1-1.5 m depth ❑Assays of the complete sample set range from to 93.5 to 1,299.5 Li (mg/l), with the average of 417.4 Li (mg/l) ❑3 brine samples above 1,000 Li (mg/L) – a concentration one of the highest in
Slide 19: Near Surface Sediment Geochemistry
Near Surface Sediment Geochemistry A semi-systematic near surface sediment sampling program was completed over identified geophysical and drill targets at the Ascotan Project (April 2025) 50 samples were taken using portable auger drill at a depth between 0.5-1.5 meters with an average depth of 0.8
Slide 20: Environmental Approval and Cooperation Agreement with The Cebollar-Ascotan Indigenous Community
Environmental Approval and Cooperation Agreement with The Cebollar-Ascotan Indigenous Community ❑Favorable official response from the Environmental Evaluation Service of Chile “Servicio de Evaluación Ambiental (SEA)” to the OCA Salar de Ascotan Project “Consulta de Pertinencia de Ingreso al SEIA del
Slide 21: Salar de Ascotan Progress exploration program
Salar de Ascotan Progress exploration program Property-wide TEM Surface brine Magneto-Telluric (MT) geophysical surveys 47 Drill target definition – geochemical sampling geophysics - completed line-km – completed completed Q2/23 program – completed Q1/23 Q4/22 Q3/23 Sediment geochemical Sedimentary
Slide 22: Lidstone Gold Project Northwestern Ontario
Lidstone Gold Project Northwestern Ontario New Gold Discovery in Established Geological Province 22
Slide 23: Lidstone Gold Project
Lidstone Gold project Located ~240km northwest of Geraldton, ON Within the Uchi Domain of the Superior geological province Network of logging roads allows the property access from the west via a truck and from the east via a truck and on foot (approx. 1.5km) 9,600 ha of mining claims, 100% owned, no
Slide 24: Prospect Geology
Prospect Geology Lidstone is located within the greenstone and plutonic complexes of the Uchi Domain on the boarder with metasedimetary English River subprovince Lithologies consist of metasedimentary units, migmatized supracrustal rocks, mafic to intermediate greenstone belt of basaltic/andesitic f
Slide 25: Geophysics
Ontario High Resolution Aeromagnetic Residual Magnetic Intensity Geophysics The prospect area consist of coincident magnetic abrupt highs and lows and zones of high electromagnetic (EM) conductance Multiple areas of interest suggests historical work overlooked a significant exploration opportunity i
Slide 26: Gold Discovery
Gold Discovery In the 2024 field exploration on the project showed potential for gold mineralization with a sample from a quartz vein returning 0.272 g/t Au The surrounding geology was further investigated for potential economic gold mineralization in the fall of 2025 The 2025 sampling campaign was
Slide 27: Lidstone Exploration Program
Lidstone Exploration Program Exploration 2026/27 ❑ Geologic mapping ❑ Geochemical survey ❑ Geophysical survey ❑ Magnetic survey ❑Drill target definition Sample F570631 which returned 2.34 g/t Au from outcrop 27
Slide 28: Contact us
Contact us Rob Saltsman, CEO and President First Lithium Minerals Corp. 40 King Street West, Suite 2400 Toronto, Ontario M5H 3Y2 Canada www.firstlithium.ca Tel: +1 416 402 2428 Email: rob@firstlithium.ca 28
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