Slide 1: Advancing Arizona’s Next District-Scale Copper Project
TSXV: INTR | OTCQB: IMTCF Advancing Arizona’s Next District-Scale Copper Project OCTOBER 2026
Slide 2: Forward Looking Statement
F O R WA R D L O O K I N G S T AT E M E N T Certain statements contained in this presentation constitute forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. Such forwar
Slide 3: Vision
VISION Define a High-Grade, District- Scale COPPER Deposit in Arizona MAJOR UPSIDE STRATEGIC PARTNERSHIP Porphyry & CRD Teck Resources Expansion & Discovery potential Technical validation & alignment SHALLOW, HIGH GRADE STRONG TREASURY 112.95m @ 1.50% Cu C$19M added since Dec '25 Including 1.40m @ 2
Slide 4: Proven Expertise in Exploration & Discovery
LEADERSHIP TEAM Proven Expertise in Exploration & Discovery Directors & Officers Strategic Partner MATT LENNOX-KING BSc. Geo. – Chairman & Interim CEO Recently acquired 14.9% equity (down to • +30 years of technical and leadership background from Contact Gold, Pilot Gold and Fronteer Gold 12.8% due
Slide 5: Capital Structure
CAPITAL STRUCTURE As of September 30, 2026 123.9 M 14.7 M 7.7 M 146.4 M ~$100 M Shares Warrants Options Fully Diluted * Market Capitalization Outstanding 4.8M @ $0.68 Exp. Mar ’27 9.4M @ $0.50 Exp. Oct ’27 0.5M @ $0.35 Exp. Oct ‘27 Gross proceeds of C$19.1 M from financings and warrant exercises sin
Slide 6: Teck Resources Invests C$8.1M in Intrepid
STRATEGIC PARTNER Teck Resources Invests C$8.1M in Intrepid - Dec 2025: $3.96 M at $0.45 (9.9%) Strategic capital combined with - Feb 2026: $4.11 M at $0.60 ( to 14.9% - now 12.6% due to strong warrant participation) governance-level involvement provides strong third-party Teck’s Role: validation an
Slide 7: A Tier 1 Mining Jurisdiction
ARIZONA A Tier 1 Mining ~70% Largest mineral- Jurisdiction producing state in the U.S., rich in copper, of all US copper is gold, and critical produced in Arizona* minerals** Intrepid Projects all benefit from year-round access with great infrastructure Mining-friendly Skilled local government workf
Slide 8: Arizona Projects
Miami 50 km NW Freeport McMoran H 1.6 BT @ 0.63% Cu MESA WELL Arizona Projects Pinto Valley Copper Creek 55 km NW Capstone Copper Faraday Copper 1.6 BT @ 0.63% Cu M+I 421.9 MT @ 0.45% Cu 65 km NW 0.008% Mo, 1.1 g/t Resolution Ease of Permitting and Large RTZ / BHP M+I 1.78 BT @ 1.5% Cu Segments of P
Slide 9: Unlocking New Potential
INTREPID PROJECTS Unlocking New Potential CORRAL TOMBSTONE SOUTH MESA WELL Advanced district-scale exploration Located south of the town of Situated within the Laramide and development project with past Tombstone, targeting high- Copper Porphyry Belt production grade silver, lead, zinc, and CRD TSXV
Slide 10: Corral District-Scale, High-Grade & Tier-1 with Porphyry Upside
CORRAL District-Scale, High-Grade & Tier-1 with Porphyry Upside 1.5 hours southeast of Tucson by road in Cochise County 42 km2 land package Extensive hydrothermal system Exploration work by Intrepid has developed high-potential targets: ▪ High-grade copper-gold carbonate replacement (CRD) style mine
Slide 11: Corral Copper/Gold Advanced Stage Exploration Project
CORRAL COPPER/GOLD Advanced Stage Exploration Project Land Position ▪ No prior comprehensive district wide exploration programs due to previous fractured ownership (5 agreements signed to consolidate Corral) ▪ Large blocks of private and patented ground = short permitting times Historic Work ▪ Over
Slide 12: Flanked by Majors
CORRAL COPPER/GOLD Flanked by Majors Following the 2024 drill program, two majors acquired mineral rights immediately adjacent Securing land position: ▪ Rio Tinto, one of the world’s largest mining companies and copper producers, has shown significant interest in the region by securing a large land
Slide 13: Large, Open-Ended CRD Footprint
CORRAL COPPER/GOLD Large, Open-Ended CRD Footprint ▪ Four open mineralized zones identified so far ▪ All Zones defined by favorable alteration and copper-gold-silver-zinc replacement style mineralization ▪ Long intervals of near-surface, high-grade mineralization: • 112.95m of 1.50% Cu, 0.53 gpt Au
Slide 14: Porphyry Systems: Next Phase of Discovery
CORRAL COPPER/GOLD Porphyry Systems: Next Phase of Discovery Widespread QSP and oxidized D Breccia clasts with chalcopyrite – Widespread shallow porphyry- veins and quartz veinlet stockworks molybdenite B-veins style veins stockworks Widespread QSP = phyllic Clasts with chalcopyrite and Cross-cuttin
Slide 15: Emerging Porphyry Targets
CORRAL COPPER/GOLD A Emerging Porphyry Targets ZTEM Resistivity survey shows potential for more than one porphyry system A’ ▪ ZTEM resistivity survey is a powerful tool for targeting as it maps deep electrical conductivity contrasts ZTEM Resistivity survey cut at 500m below surface ▪ Porphyry/potass
Slide 16: 2026 Exploration Plan
CORRAL COPPER/GOLD 2026 Exploration Plan Refining porphyry & CRD targets ahead of drill testing 2026 Field Program ▪ detailed mapping (ongoing) ▪ geochemical rock & soil sampling (completed, results pending) ▪ geophysics including ~65-line km of IP and MT (commenced) ▪ ~10,000 metres of diamond dril
Slide 17: Taylor Lookalike Ag-Zn-Pb
Johnson Camp Gunnison Copper TOMBSTONE SOUTH M+I 873 MT @ 0.29% Cu Apache Generating Station Taylor Lookalike 626MW facility with new solar project being built for ~294MW Ag-Zn-Pb Copper World HudBay CORRAL COPPER M+I 1.2 BT @ 0.42% Cu Situated in a proven mining district with exceptional Tombstone
Slide 18: Similarities to Prolific Taylor Deposit
TOMBSTONE SOUTH Drilling at Tombstone South Similarities to Prolific was carried out before the Taylor Deposit was Taylor Deposit delineated ▪ Taylor Deposit was discovered in 2015 after drilling Characteristic Taylor Tombstone deeper into the Paleozoic limestone unit CRD mineralization in ▪ The mas
Slide 19: Proposed Drill Program
TOMBSTONE SOUTH Large dipole induced polarization (“IP”) survey Proposed Drill Program completed in May 2022 identified a potential new CRD target area Previous drilling not deep enough to encounter contact of Cretaceous Bisbee strata and Paleozoic Limestone strata Initial 4 – 5 drill holes (4000 me
Slide 20: Early-Stage Cu Target
MESA WELL Early-Stage Cu Target ▪ Situated within the Laramide Copper Porphyry Belt in Arizona ▪ Located on easy-to permit state land ▪ Covers approximately 6500 acres COPPER CREEK ▪ Tilted porphyry footprint (like most FARADAY COPPER deposits in Arizona) 421Mt @ 0.45% Cu MESA WELL Intrepid’s Plan:
Slide 21: 2026 Outlook
2026 Outlook Fully financed for a catalyst-rich 2026 driven by most extensive drill program to date at Corral ▪ Extensive surface exploration program ~5,000m drilling of new porphyry copper targets Corral ▪ ▪ ~5,000m expansion drilling on existing CRD zones ▪ Focused on porphyry discovery and CRD ex
Slide 22: Contact Us
CONTACT US INTREPID METALS CORP. Suite 1800 – 2 North Central Ave Phoenix, Arizona, USA 85004 invest@intrepidmetals.com intrepidmetals www.intrepidmetals.com @IntrepidMetals TSXV: INTR | OTCQB: IMTCF 22