Arctic Minerals (ARCT) investor relations material

Strategic focus and project portfolio

• Emphasis on critical metals, especially copper, with main projects in Sweden and Norway and secondary projects in Sweden and Finland.

• Two advanced exploration projects: Hennes Bay (flagship, copper-silver) and Bidjovagge (copper-gold), both considered significant and not minor assets.

• Portfolio includes greenfields exploration at Swan Lake and Kuusi, aiming for a balanced mix of advanced and early-stage projects.

• Recent recapitalization and management overhaul have positioned the company for aggressive development.

• Strong Nordic-based team and experienced advisory board, including industry veterans.

Market outlook and regulatory environment

• Copper demand is rising due to electrification and AI, while supply constraints suggest sustained high prices.

• Regulatory tailwinds in Norway (new Minerals Act) and Sweden (new mineral strategy, EU Raw Materials Act) are improving project prospects.

• Positive government attitudes toward mining are filtering down to local levels, aiding project advancement.

• Global events (COVID, geopolitical tensions, tariffs) have highlighted the need for European metal supply security.

• Sweden and Norway are positioned to lead in supplying critical metals to Europe.

Hennes Bay project development

• JORC-compliant resource of 55.4 million tons at ~1% copper equivalent, with less than 5% of the tenement drilled.

• Recent and ongoing drilling programs (DP1 completed, DP2 starting) aim to expand the resource and test new anomalies.

• Conceptual studies indicate potential for a 4 million ton per annum underground mine with at least 10 years of production.

• Metallurgical tests show high copper and silver recoveries, producing a clean concentrate suitable for European smelters.

• Five-year plan includes scoping, pre-feasibility, feasibility studies, and permitting to reach construction readiness.