Arkadian Strategic Metals (AKN) Investor update summary

Strategic and Portfolio Overview

• Operates advanced gold, rare earths, and critical metals projects in the UK, Greenland, Sweden, and England, with principal assets including 100% of Clogau Gold, 51% of Motzfeldt Critical Metals, and a 24% stake in GreenRoc Strategic Materials.

• Projects are located in proven European jurisdictions, focusing on resilient supply chains and multi-commodity exposure.

• No new project acquisitions are under consideration; the focus remains on advancing current core assets.

• Technical oversight is provided by a highly experienced Competent Person, ensuring compliance with industry standards.

• Management emphasizes shareholder engagement and transparency, with ongoing investor relations activities.

Motzfeldt Project Progress

• Motzfeldt in South Greenland holds a JORC Inferred Resource at Aries: 340 Mt grading 0.26% TREO, 0.185% Nb2O5, 0.012% Ta2O5, and 0.46% ZrO2, with recent Merino assays up to 1.36% TREO, 0.73% Nb2O5, and 2.3% ZrO2.

• 2026 programme includes remote sensing, hyperspectral surveys, bulk sampling, environmental baseline studies, and engineering gap analysis to support exploitation licence applications.

• Processing testwork is ongoing, with final flotation/beneficiation results expected soon, and historic drill core is being relogged to enhance resource understanding.

• Favourable mineralogy and established processing routes are validated by peer-reviewed research.

• Funding discussions are ongoing, with a focus on advancing Aries and refining targets at Merino/Voskop.

Clogau Gold Project Update

• Clogau is the UK's most iconic gold mine, with exclusive rights over the Dolgellau Gold Belt and historic output exceeding 80,000 oz.

• Drilling and blasting restarted at Llechfraith in December 2025; bulk sampling is underway, but assays have not yet returned economic grades, prompting a pause for detailed mineralogical analysis.

• New gravity concentrator installed to enhance recoveries; 150t of new blast material collected to date.

• Bat surveys and regulatory compliance enable access to additional in-mine targets, and permitted development notification submitted for further trenching at the historic waste tip.

• A dedicated site operations manager has been appointed, and limited-edition Welsh gold coins and pendants have been produced and sold at a premium.