Canada Nickel Company (CNC) Investor presentation summary

Strategic positioning and market outlook

• Positioned as a leading next-generation, large-scale nickel supplier outside Indonesia/China, with a focus on zero-carbon production and unlocking the Timmins Nickel District.

• Nickel market expected to enter a supercycle, with demand forecasted to double by 2030, driven by electric vehicles and limited supply growth outside Indonesia/China.

• Nickel supply faces significant political risk due to Indonesia's dominance and ore constraints, with local prices converging with China and increased imports from the Philippines.

Crawford Nickel Sulphide Project highlights

• Crawford is the world's 2nd largest nickel reserve and resource, with a 41-year mine life and robust economics: US$2.5B after-tax NPV8%, 17.1% IRR, and low AISC of US$1.54/lb.

• Projected peak annual production: 48kt nickel, 0.8kt cobalt, 13koz PGMs, 1.6Mt iron, and 76kt chrome.

• Life-of-mine average annual EBITDA of US$811M and free cash flow of US$546M during peak period.

• Crawford is a first quartile net cash cost producer and has an estimated carbon footprint 89% lower than the industry average.

Carbon capture and sustainability initiatives

• IPT Carbonation process enables storage of 1.5Mt CO2 annually, supporting net negative carbon operations and eligibility for significant Canadian tax credits.

• Crawford estimated to produce 2.3 tonnes CO2 per tonne of nickel, far below the industry average of 34 tonnes.

• NetZero Metals subsidiary aims to develop North America's largest nickel processing and stainless/alloy facility, leveraging carbon storage for zero-carbon products.