Trekor Metals (TKO) Corporate presentation summary

Strategic positioning and asset portfolio

• Operates two producing copper mines: Gibraltar in British Columbia and Florence Copper in Arizona, with additional advanced-stage projects including Yellowhead, Aley, and New Prosperity, all located in stable North American jurisdictions.

• Gibraltar Mine delivers 130M lbs copper and 2.3M lbs molybdenum annually, while Florence Copper targets 85M lbs copper per year at low operating costs.

• Yellowhead and Aley projects offer significant future growth, with Yellowhead expected to produce 178M lbs copper annually and Aley targeting 9M kgs niobium per year.

• New Prosperity is one of the world’s largest undeveloped copper-gold porphyries, with a recent agreement enhancing certainty for future development.

• Nearly 15 billion pounds of proven and probable copper reserves, with over 19 billion pounds copper equivalent including gold.

Financial performance and outlook

• Q2 2026 saw record revenue of $331M, adjusted EBITDA of $125M, and operating cash flow of $183M, driven by strong copper prices and production ramp-up at Florence.

• Maintains a strong balance sheet with $186M cash and $342M total liquidity, and no debt maturities until 2030.

• Pro-forma EBITDA projected at C$900M at $5.50/lb copper, with significant leverage to copper price increases.

• Hedging strategy secures minimum copper prices for near-term production, reducing exposure to price volatility.

• Market capitalization at C$3.8B, with analyst target prices ranging from C$12.00 to C$14.00 per share.

Project development and operational highlights

• Florence Copper completed construction on time and budget, began production in early 2026, and is ramping toward full capacity.

• Florence’s in-situ recovery method offers 65–78% lower energy, carbon, and water use compared to conventional mining.

• Strategic partnership with Mitsui includes $50M financing and a copper offtake agreement, with potential for further investment.

• Gibraltar Mine now 100% owned after acquiring minority interests, providing full cash flow benefit.

• Yellowhead project designated a priority by the Province of BC, with ongoing technical and community engagement.