Canada Nickel Company (CNC) Investor presentation summary

Strategic positioning and market outlook

• Positioned as a leading next-generation large-scale nickel supplier, with a focus on North American supply outside Indonesia/China and a consolidated Timmins nickel district with significant exploration success.

• Nickel market expected to enter a supercycle driven by EV demand, with global demand forecast to double by 2030 and supply growth concentrated in high-risk jurisdictions.

• Key investors include Agnico Eagle (11%), Samsung SDI (8.7%), and Anglo American (7.6%).

Crawford Nickel Sulphide Project highlights

• Crawford is the world’s 2nd largest nickel reserve and 3rd largest sulphide operation, with a 41-year mine life and robust economics: after-tax NPV8% of $2.5B, IRR of 17.1%, and peak annual EBITDA of $811M.

• Life-of-mine average net C1 cash cost of US$0.39/lb and AISC of US$1.54/lb, placing it in the first quartile of global nickel producers.

• Projected to produce 48ktpa nickel during a 27-year peak period, with significant by-products including cobalt, PGMs, iron, and chrome.

Sustainability and carbon strategy

• Crawford’s estimated carbon footprint is 2.3 tCO2/t nickel, 89% lower than the industry average, with potential for net negative emissions via the IPT Carbonation process.

• IPT Carbonation could store 1.5Mt CO2 annually, generating substantial carbon credits and supporting a zero-carbon industrial cluster in the Timmins-Cochrane region.

• Eligible for significant Canadian federal refundable tax credits for carbon capture and storage.