Investment Highlights

Advanced magnesium project with robust PFS with silica, nickel and iron as by-products
Multiple potential cash flow generating projects
High potential gold exploration at past producing Midnight Project
High grade gold mine rejects project with cash flow potential
Great infrastructure in place
Strong management and board

WHY will produce low cost, high purity, and high margin magnesium products for all industry vertical applications generating diverse revenue with its robust economics
After Tax NPV of $871.8 million @ 5% discount with an after tax IRR of 72.03%
Low Capex of $205.4 million including mine preproduction, processing, and infrastructure
Shovel ready open pit mine ideally situated in a mining jurisdiction with all required infrastructure
Global demand is accelerating with the USA seeking to stockpile magnesium
Semi Commercial Demonstration plant generating cash flow of Gross Annual Revenue: over $10.95M & EBITDA of $6.45M.

Over 225K metric tons of mine rejects already mined, from the many historic mines in the area
Average grade of 2.5 ppm Au
Potential for 18K ounces of gold with over $30M value

High potential of finding high-grade gold mineralization based on historical data
Secured $2.5M flow through funds in Dec 2021 and initiated 15,000m exploration/drilling in late April 2022
Historical gold production and 2008 drill hole results reinforce the high potential of the claim and the recently-completed 22-hole drill program in 2022