Arctic Minerals (ARCT) Status Update summary

Strategic project portfolio and market context

• Holds a balanced portfolio of advanced and greenfield copper, silver, and gold projects in the Nordics, with Hennes Bay as the flagship and Bidjivaggi as another advanced asset.

• Hennes Bay is a top five undeveloped copper project in the Nordics, with a starter resource of 55 million tons at 1% copper equivalent, and significant upside potential as less than 5% of the tenement has been tested.

• The company is positioned to benefit from global peak copper, with demand outstripping supply and the EU heavily reliant on imports, creating strategic value for local production.

• The board and advisory panel include industry veterans with proven track records, and recent changes strengthen leadership continuity.

Hennes Bay project highlights and expansion plans

• Hennes Bay's mineralization is open for expansion, with evidence of a large, high-grade system and potential for bonanza-grade copper, silver, and gold pods.

• Five additional prospects at Hennes Bay contain about 24 million tons at 1% copper equivalent, all part of the same mineralized system.

• Ongoing and planned work includes stakeholder engagement, environmental and cultural studies, resource expansion drilling, geophysical surveys, and preliminary mine design.

• Infrastructure is highly favorable, with rail, road, power, water, and labor access supporting rapid project development.

Market valuation, milestones, and stakeholder engagement

• Recent resource announcements have led to significant share price and market cap increases, with further re-rating expected as milestones are achieved.

• The company is tightly held, with significant insider and institutional ownership, and is considered undervalued relative to peers.

• Strong government and local support in the Nordics, with a focus on responsible development and high ESG standards.

• Permitting and technical milestones are expected to drive value, with a realistic timeline of five years to production if all goes well.