Arctic Minerals (ARCT) Company presentation summary

Project portfolio and resource growth

• Flagship Hennes Bay project holds a maiden JORC-compliant inferred resource of 55.4Mt at 1.0% CuEq, containing 447,000t copper and 37Moz silver, with mineralisation open in all directions and less than 5% of the target horizon drill tested.

• Advanced Bidjovagge project in Norway has a 3.3Mt resource at 0.97% Cu and 1.27g/t Au, with high-grade cobalt and tellurium potential and multiple drill-ready targets.

• Greenfield projects Swan Lake (Sweden) and Kuusi (Finland) are drill-ready, with Swan Lake located between two of Europe’s largest copper-gold projects and Kuusi showing strong geophysical and geochemical anomalies.

• Recent geophysical surveys at Hennes Bay have identified target areas 10 times larger than the current resource footprint, indicating substantial exploration upside.

• Conceptual mining studies suggest multi-decade underground mine potential at Hennes Bay, leveraging room and pillar mining methods and existing infrastructure.

Market drivers and strategic positioning

• Global copper demand is surging due to the clean energy transition, with Europe and the Nordics focusing on internal supply of critical metals.

• The EU imports about 50% of its copper concentrate, mostly from distant, less environmentally friendly sources, highlighting the strategic value of domestic projects.

• Silver prices reached all-time highs in early 2026, driven by structural supply deficits and booming industrial demand, especially from solar and electronics sectors.

• The company’s assets are well positioned in Sweden, Norway, and Finland, benefiting from supportive political and regulatory environments, including the EU Critical Raw Materials Act.

Technical and operational highlights

• Hennes Bay’s ore responds well to conventional sulphide flotation, achieving copper recoveries of ~90% and silver recoveries up to 85%, with concentrate grades around 30%.

• Major infrastructure is already in place at Hennes Bay, including electric railways, highways, power lines, and water sources, supporting rapid project advancement.

• Ongoing and planned work includes resource expansion drilling, further geophysical surveys, baseline environmental studies, and a preliminary economic assessment.