Florence Copper Apache Junction_2026
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1 Florence Copper: Copper for the USA, Opportunity for Arizona Sophie Dessart, Manager of Communications & Public Affairs July 7, 2026 Forward Looking Statements Some of the statements contained in the following material are "forward-looking statements". All statements in this release, other than statements of historical facts, that address estimated mineral resource and reserve quantities, grades and contained metal, and possible future mining, exploration and development activities, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements should not be in any way construed as guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices for metals, the conclusions of detailed feasibility and technical analyses, lower than expected grades and quantities of resources, mining rates and recovery rates and the lack of availability of necessary capital, which may not be available to the Company on terms acceptable to it or at all. The Company is subject to the specific risks inherent in the mining business as well as general economic and business conditions. For more information on the Company, Investors should review the Company's annual Form 40-F filing with the United States Securities Commission at www.sec.gov. and its Canadian securities filings that are available at www.sedar.com. See Appendix for 43-101 Compliance Information. 2 3 Agenda • The Future of Copper • Florence Copper Overview • ISCR Process & Benefits • Commercial Production Success • Community Benefits • Questions 4 The Challenge We Face: The Future of Copper Copper Powers Modern Life & the Digital Future • 4 Key Drivers of Growth* o Core economic demand, esp. with developing world o Energy transition/addition o Defense/military applications o Artificial intelligence (AI) & data centers 5 Critical to the Future Economy *Source: S&P Global, Copper in the Age of AI, 2026 Copper Demand to Increase 6 Copper Supply & Demand Forecast* • Worldwide copper demand is forecast to grow from 28 million metric tons (MMt) in 2025 to 42 MMt by 2040, an ~50% increase • Potential supply gap of ~10 million MMt by 2040 • China & DRC export ~40% of world’s refined copper production EEI/IEI PEV Forecast Estimated Charge Ports *Source: S&P Global, Copper in the Age of AI, 2026 7 Florence Copper Overview 8 Florence Copper Located in Arizona’s Historic Copper Corridor Location Florence, AZ Ownership Wholly-owned by Trekor Metals Limited Operation Type In-situ copper recovery (ISCR) Operating Life 22 years Production Capacity 85M lbs of copper cathode/ year Florence Copper Site Layout 9 Property Outline 10 11 Capital Investment • Total Capital Cost: ~US$390M Development Timeline • 2014 Property acquisition • Late 2018–2020 Production Test Facility (PTF) • September 2023 Final permits issued by US EPA • January 2024 Commercial production facility construction initiated • October 2025 Substantial completion of commercial production facility • First copper cathode Q1 2026 • 2026–2027 Ramp-up to full commercial capacity Two Phases of Development Construction completed on time and on-budget in Q4 2025 Florence Copper 12 • Producing LME Grade A Copper Cathode o 275 lb copper sheets o No downstream smelting or refining required o Direct shipment to US manufacturers • Production: o Annual: 85 M lb of copper o Life of Operation: 1.5 B lb of copper • Operating Life: o ~22 years Florence Copper will expand copper cathode production in the United States by ~5% (over 2025 levels) The first new copper producer in the United States in more than a decade (1) Based on the Florence 43-101 Technical Report with an effective date of March 15, 2023. Florence Copper: a leading new source of 'Made in America' copper metal 3rd Largest copper cathode producer in the US Florence Copper LOM Production (M lbs)1 A Hydrogeological Opportunity • The oxide zone at Florence is an extensively fractured, porous bedrock • Saturated nature of the deposit make it ideal for In-situ Copper Recovery (ISCR) 13 14 What is in-situ copper recovery (ISCR)? Benefits of In-Situ Copper Recovery (“ISCR”) 15 Environmental Advantages of In-Situ Copper Recovery 16 Small Environmental Footprint Low Carbon Low Water Use Lower Energy Requirement Limited Land Disturbance Low Dust Emissions Numerous Site Redevelopment Opportunities ISCR Advantages Benefits of ISCR 17 At US$1.11/lb C1, Florence costs will be in the lowest quartile on global cost curve. ISCR Process 18 19 Commercial Production Construction Progress 20 March 2024 April 2026 Construction Program Success • Construction program completed in Fall 2025 • Commercial wellfield operations commenced in October 2025 • Copper cathode production began in February 2026 – major new source of domestic U.S. copper supply • Hiring permanent operating staff – 200+ total positions filled. Majority hired from Pinal County. 21 22 Social & Community Benefits 23 Arizona Florence Copper Employment A Significant Economic Driver for Florence, Pinal County & the State of Arizona 200+ Direct Jobs 819 Total Jobs $2.2 Billion in cumulative personal income for Arizona residents Employment $4.3 Billion in cumulative GDP contributions to the State of Arizona $2.5 Billion In cumulative GDP contributions to Pinal County $593 Million in cumulative tax revenues for State of Arizona & local governments Gross Domestic Product (GDP) Foundation, Scholarships, Projects • Since 2013, the Florence Copper Community Foundation has donated over $225,000 to local non- profits and initiatives • The Creating Opportunities Scholarship program started in 2011 and has awarded over $130,000 to local students • Florence Copper employees regularly participate in community investment activities (ex. Highway Cleanup) • Partnerships with Pinal County municipalities and organizations for sponsorships of local events and causes 24 florencecopper.com @florencecopper 25 Thank You!