Red Mountain Project

• 168.6M oz at 335.7 g/t AgEq* Inferred
• Alaska State-Managed land
• Accessible Infrastructure within mining-positive jurisdiction

*January 12, 2024 NI 43-101 Technical Report on the Red Mountain VMS Property Bonnifield Mining District, Alaska, USA. Silver (AgEq) and Zinc (ZnEq) Equivalencies are calculated using ratios with metal prices of US$2,750/tonne Zn, US$2,100/tonne Pb, US$8,880/tonne Cu, US$1,850/oz Au, and US$23/oz Ag and recoveries of 90% Zn, 75% Pb, 70% Cu, 70% Ag, and 80% Au.