INVEST IN TOMORROW, TODAY. - Transition Metals · INVEST IN TOMORROW, TODAY. XTM –TSXV 40% CGM...
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INVEST IN TOMORROW, TODAY. XTM – TSXV
INVEST IN TOMORROW, TODAY.
XTM – TSXV | Corporate Presentation
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Q1 2021
INVEST IN TOMORROW, TODAY. XTM – TSXV
FORWARD-LOOKING
STATEMENTS
ADVENTURESTART HERE
Certain information contained in this presentation, includes information and statements which
may contain words such as "could", "plans", "should", "anticipates", "expect", "believe", "will", and
similar expressions and statements relating to matters that are not historical facts are forward-
looking information. All of the forward-looking information contained in this presentation is
qualified by this cautionary statement. There can be no assurance that the actual results or
developments anticipated by Transition Metals Corporation, Sudbury Platinum Corporation or
Canadian Gold Miner Corporation as expressed or implied by the forward-looking information, will
be realized or, even if substantially realized, that they will have the expected consequences to or
effects on Transition Metals Corp. or its business operations. Transition Metals Corp. disclaims
any intention or obligation to update or revise any forward-looking information as a result of new
information or future events. Readers should not place undue reliance on forward-looking
information.
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INVEST IN TOMORROW, TODAY. XTM – TSXV INVEST IN TOMORROW, TODAY. XTM – TSXV | Q2 2018
A PROJECT GENERATOR COMPANY POISED FOR
GROWTHTransition Metals Corp (XTM – TSX.V) specializes in
converting new exploration ideas into Canadian
discoveries. By acquiring and advancing multiple projects
simultaneously, the Corporation maximizes shareholder
exposure to discovery and capital gain. Equity dilution is
minimized by offering partners interest in specific projects.
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INVEST IN TOMORROW, TODAY. XTM – TSXV INVEST IN TOMORROW, TODAY. XTM – TSXV | Q2 2018
A HUGE OPPORTUNITY IN EXPLORATION
An undervalued stock, deep relationships with well
funded partners, ongoing high demand for metals,
over 20 projects and new discoveries on the
horizon, an award-winning technical team with a
proven track record, plus ownership in two
companies set for Public Transactions this year
means now is the time for Transition Metals.
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FOCUS ON ESG
ENVIRONMENTAL: Environmental standards that minimize
and avoid impact to water, land and air with strict adherence
by all contractors.
SOCIAL: Collaboration with communities and all stakeholders
to create long-term, trusted relationships and high safety
standards.
GOVERNANCE: Accurate and ethical in all business
practices to create transparency for partners and
shareholders
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POISED FOR GROWTH
XTM Private Company Financings (Nov, 2009 to Aug, 2011)
$2.46M @ $0.195 per share (weighted average)
XTM Public Company Financings (August, 2011 to Present)
$8.18M @ $0.30 per share (weighted average)
Total XTM Financings: $10.6M @ $0.21
FINANCING HISTORY
$0.10 to $0.40 per Share
Total Financings (XTM, SPC, CGM): $37.3M
Partner Funding: $35M
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CAPITAL STRUCTURE
+SHARE PRICE
PERFORMANCE
46.5M
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Share Capital
Issued & Outstanding 55,976,389
Options & Warrants 7,688,917
Fully Diluted 63,665,306
2-Year Stock Performance
INVEST IN TOMORROW, TODAY. XTM – TSXV
$0.18Share Price
23% CGM Ownership = $1.2M+
15% SPC Ownership = $3.0M+
7% Forum Energy Metals Ownership = $2.3M+
1.4% Class 1 Nickel = $1.3M+
1% Nova Royalty = $2.7M
$11.5MMarket Cap
=$10.5MValue of
Investments
POISED FOR GROWTH
As at January 15, 2021
$0.24
52-Week Range
$0.11
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Real Value
As at January 2021
*Regarding the Sunday Lake PGM Project alone, BMO Capital Markets assigned a $20M in-situ value. Transition
Metals holds a 25% carried interest
Transition Metals Asset Value SummaryCash $2,000,000
Securities $10,492,870
Properties $12,507,500*
Royalties (based on Nova Royalty transaction) $1,350,000
Milestone Payments ($22 million discounted at 85%) $3,300,000
Goodwill & People $2,000,000
Total $31,309,370
INVEST IN TOMORROW, TODAY. XTM – TSXV
20+ PROJECTS
Pro-mining
jurisdictions
GEOGRAPHIC DIVERSITY MEANS INCREASED POTENTIAL FOR DISCOVERY
NUNAVUT
ON
SKBC
NFLD
NBTRANSITIONMETALS
SPC METALS
CANADIANGOLDMINER
Au
Cu
Au AuAu
Ni
Au
Sn
NS
Ni Co
PGM
• Easily Accessible
• Excellent
Infrastructure
• Secure Land
Tenure
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Cu
W
INVEST IN TOMORROW, TODAY. XTM – TSXV INVEST IN TOMORROW, TODAY. XTM – TSXV | Q2 2018
Au
NiPGM Cu Co
W Sn
➢ 45% Gold hedge
➢Gold price forecasted to
continue to rise➢Moderate exposure to
energy metals
➢ Base metals prices
forecasted to rise
45%
COMMODITY ALLOCATION DIVERSITY MITIGATES RISK
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45%
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Sunday Lake; Location
“We currently ascribe an in-
situ value of $20M for the
Sunday Lake project.”
XTM’s 25% Free Carry = >$5M
SUNDAY LAKE
➢ Commodity: PGM-Ni-Cu
➢ Location: Thunder Bay, Ontario
➢ Geology: MCR-related mafic-
ultramafic Intrusion
➢ Ownership: 25% carried interest
➢ Status: Implats Operator
INVEST IN TOMORROW, TODAY. XTM – TSXV
40% CGM Ownership = $3.2 M+
30% SPC Ownership = $3 M+
9% Forum Energy Metals Ownership = $350K+
0.4% Solo Growth Corp Ownership = $186K
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DRILLING HIGHLIGHTS
SUNDAY LAKE PROJECT
➢ Broad zones of multigram mineralization with a higher grade core
➢ Best results come from the “Big Red’ MT anomaly.
A - west B - east
Looking
North
Note: Bubbles
scaled to 3E
(Pt+Pd+Au) g/t grade
HOLE ID
INTERVAL PRECIOUS METALS BASE METALS
From (m)
To (m)
Length (m)
Pt (g/t)
Pd (g/t)
Au (g/t)
3E PGE (g/t)
Ni (%)
Cu (%)
SL-13-002 395.00 415.20 20.20 2.11 0.95 0.16 3.22 0.11 0.26
SL-14-003 526.00 541.00 15.00 1.80 0.92 0.12 2.84 0.09 0.22
SL-15-010 723.00 738.00 15.00 1.25 0.75 0.08 2.08 0.08 0.2
SL-15-013 849.70 892.60 42.90 1.92 1.40 0.11 3.43 0.17 0.44
including 871.40 881.50 10.10 3.18 2.28 0.16 5.62 0.28 0.71
SL-17-18B 667.70 703.15 35.45 1.65 1.09 0.09 2.83 0.16 0.41
including 684.50 703.15 18.65 2.43 1.49 0.13 4.05 0.17 0.48
SL-18-021 863.50 899.35 35.85 2.40 1.32 0.18 3.90 0.17 0.43
including 875.05 898.35 23.30 3.34 1.83 0.26 5.43 0.21 0.6
with 890.85 897.35 6.50 5.17 2.62 0.55 8.34 0.36 1.08
SL-18-022 1039.00 1072.20 33.20 1.68 1.03 0.13 2.84 0.12 0.34
including 1056.00 1066.90 10.90 3.08 1.65 0.25 4.98 0.14 0.51
SL-19-026 1392.00 1433.20 41.20 3.22 2.08 0.21 5.51 0.19 0.57
including 1417.40 1433.20 15.80 5.42 3.35 0.34 9.11 0.24 0.88
with 1418.85 1427.15 8.30 7.67 4.97 0.42 13.06 0.32 1.23
SL-19-029 1405.00 1466.00 61.00 1.20 0.80 0.15 2.15 0.15 0.22
including 1455.46 1463.63 8.17 3.20 2.00 0.33 5.53 0.2 0.51
SL-20-031 910.00 931.00 21.00 0.60 0.37 0.05 1.02 0.08 0.15
Including 911.00 912.00 1.00 1.67 1.28 0.10 3.05 0.17 0.40
SL-20-032-W1 1263.00 1286.00 23.00 1.29 1.03 0.09 2.41 0.13 0.33
including 1270.80 1280.00 9.20 2.27 1.85 0.17 4.29 0.18 0.57
SL-20-033 1435.00 1461.00 26.00 1.38 1.05 0.12 2.55 0.13 0.25
including 1442.00 1450.00 8.00 2.15 1.57 0.17 3.89 0.15 0.4
Eq values are calculated using $5.36 Ni, $2.31 Cu, $756.00 Pt, $1,833.00 Pd, $1,696.00 Au US.
INVEST IN TOMORROW, TODAY. XTM – TSXV
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MT Conductance Map
SUNDAY LAKE PROJECT
➢ MT survey used as main exploration tool.
➢ Following linear trends of conductive response.
➢ Correlates to potential structures, thickening of ultramafic and sulphides traps.
SL-15-013
42.9m @ 3.43 g/t PGM
incl. 10.1m @ 5.62 PGM
INVEST IN TOMORROW, TODAY. XTM – TSXV
SATURDAY NIGHT
➢ Commodity: PGM
➢ Location: Thunder Bay, Ontario
➢ Geology: MCR-related mafic-
ultramafic Intrusion
➢ Ownership: 100%
➢ Status: Seeking Partner
➢ Stage: Geophysics and 1 drill
holed completed
Identical to and along trend
from Sunday Lake
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Saturday Night; Location
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SATURDAY NIGHT PROJECT
➢ Similar negative magnetic signature as other well-mineralized intrusions
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TBN ProjectSunday Lake
Saturday Night
Thunder
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40% CGM Ownership = $3.2 M+
30% SPC Ownership = $3 M+
9% Forum Energy Metals Ownership = $350K+
0.4% Solo Growth Corp Ownership = $186K
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COMPARISON
SATURDAY NIGHT PROJECT
Saturday Night Sunday Lake
Ownership 100% XTM 25% Carried Interest
Age Proterozoic – MCR related. No date. Proterozoic – MCR related, 1103.5Ma.
Size 800m by 500m (based on ground magnetics, 225m thick.
1.25km by 1.75 km, 200-800m thick.
Geology Layered mafic to ultramafic intrusion. Layered mafic to ultramafic intrusion and chonoliths.
Alteration Strongly altered and highly magnetic hangingwall rocks.
Strongly altered and magnetic hangingwall rocks and upper lithologies. Structurally controlled. Altered footwall.
Mineralization Disseminated to blebby cpy+po along the basal contact.
Disseminated, blebby to massive cpy+po along the basal contact in structural embayments. Disseminated and veins in the footwall.
Drilling 1 hole/601metres 33 holes/~22,050 metres
Magnetics Strong reversely polarized circular magnetic anomaly. Coincident with highly magnetic hangingwall rocks.
Strong reversely polarized circular magnetic anomaly. Coincident with highly magnetic hangingwall rocks.
Gravity Moderate gravity response. Strong gravity response.
MT Strong MT response, 1Hz-40kHz Strong MT response, 10kHz-0.001Hz
Discovery hole
6.25m @ 1.07g/t, incl: 0.30m @ 4.0g/t PGM, 0.56%Cu.
3.65m @ 1.02g/t, incl: 1.05m @ 1.67g/t PGM, 0.60%Cu.
INVEST IN TOMORROW, TODAY. XTM – TSXV
▪ Located 160 km NE of Thunder
Bay.
▪ 10 km north of the TransCanada
Highway.
▪ Located in the Thunder Bay
Mining District in the Pays Plat
Lake Area and the Lower
Aquasabon Area.
▪ Property in about 14 km2 in size.
Maude Lake; Location
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Maude Lake; Showing
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▪ 2001-2004: Novawest Resources – mapping, sampling, 11 drill holes for 1,502 m.
Novawest geologists suggested that mineralization is associated with a pyroxenite that
may have intruded the granites.
▪ Field sampling returned very high, high tenor Ni-Cu-Co values from the main showing.
Maude Lake; Results
INVEST IN TOMORROW, TODAY. XTM – TSXV
Highland Gold; Regional Setting
Highland Project
• The Avalon composite terrane: Orogenic (mesothermal) and Epithermal styles of gold:
– Haile (4.4 Moz), Hope Brook, NFLD (0.84 Moz Ind., 0.11 Moz Inf.)
• Highland is an under-explored part of the Avalon that has been essentially overlooked
• 107 Km2 Property hosting over 30 gold showings
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INVEST IN TOMORROW, TODAY. XTM – TSXV
Compelling evidence for big system
✓ Large, intense epidote, qtz, albite, sericite
alteration
✓ Coincident with 4 Km long region of low magnetic
susceptibility developed around one of the major
structures
Widespread gold mineralization in hanging
wall
✓ > 30 High grade gold showings
✓ 9 showing areas returned grab samples greater
than 8 g/t, 23 greater than 1.7 g/t, 104 g/t sample
from Zone 6B
✓ 3,000 tonne bulk sample with 26 g/t head grade
processed in early 2,000’s at Main Zone
✓ 9.14m @ 23.22 g/t Au (2018)
Hole TMRB-18-019.14m grading 23.22 g/t Au
Main Zone
Macmillan
Hydro Reserv
oir
4km Long Alteration Zone -
Magnetite Destruction
Legend2018 RAB ProgramGold ShowingProperty Outline
Low Mag -AlterationVery Low Mag -AlterationFault Structure
Project
Location
Highland Gold; Large Epithermal Footprint
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INVEST IN TOMORROW, TODAY. XTM – TSXV
Janice Lake
• Widespread copper mineralization exposed in bedrock over a 10 km x
25 km area (analogous to Udokan; 3.1Bt @ 1% Cu)
• >20 surface showings returning grabs 0.34 to 9.35% copper and 0.7 to
61.7 g/t silver
• XTM hold 2% NSR and $6M in Milestone Payments
• RTEC can earn up to 80% from Forum by spending $30M
• RTEC intersections include:
51.8m @ 0.57% Cu, 1.50 g/t Ag
Incl. 9.1m @ 1.09% Cu, 1.39 g/t Ag
5.0m @ 1.32% Cu,3.42 g/t
Wollaston: Sedimentary Hosted Copper
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Wollaston Cu Project
• 100% owned along trend from Janice Lake
• Covers known Cu showings interpreted to be on-strike equivalents to Janice Lake
• Grab samples returned: 1.73 to 4.52 % Cu, 0.17 to 0.42 oz Ag/t, and 0.01 to 0.03 oz Au/t
INVEST IN TOMORROW, TODAY. XTM – TSXV
Wollaston Cu Project
Janice Lake - RTEC Deal
$10M over 4 years (51%)
$30M over 7 years (80%)
Currently building 100 km
road and 65 man drill camp.
XTM New Staking
15,000 Ha
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Aylmer IOCG; Location
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Large Scale Copper-Gold System
✓ ~3,131 Ha encompassing 119 mining
claims located northeast of the
Sudbury Basin, with favourable
structures and geology
✓ Under-explored polymetallic gold
district has been recently identified by
the Geological Survey of Canada as a
potential Iron-Oxide-Copper-Gold
(“IOCG”) district
✓ Extensive trends of brecciated and
strongly sodic altered rocks close to
major crustal structures
Land packages totaling 154 km2
covering a range of polymetallic
Gold, Copper, Silver, and Tungsten
deposits adjacent to the Sudbury
Igneous
INVEST IN TOMORROW, TODAY. XTM – TSXV
Bancroft Ni-Cu-Co; Location
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Energy Metals Close to Market
✓ 3,833 hectares of mining claims
✓ 2 hour drive northeast of Toronto
✓ Good property access, infrastructure
✓ Acquired from First Nickel out of
receivership in 2016
✓ First Nickel spent >$5 million
developing targets and drilling ~7,500 m
Discovered PGM mineralization at
Raglan Hills and identified other Ni-
Cu-PGM target opportunities that
remain to be followed up on
INVEST IN TOMORROW, TODAY. XTM – TSXV
Bancroft Ni-Cu-Co; Raglan Hills Area
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ML North PGM
✓ 2009 PGM discovery
✓ Drilling by FN intersected up to
5.05 m grading 1.98 g/t PGM
(Pt+Pd)
✓ Work by Transition in 2020
highlights coincident mag, EM
bio-geochemical responses at
showing
✓ Similar targets identified that
merit exploration follow up
Raglan Cu-Ni Showing
✓ Cu-Ni mineralization in gneisses
✓ Near surface intersections include:
5.80m grading 0.64% Cu, 0.47% Ni,
and 9.1m grading 0.25% Cu, 0.32%
Ni including 1.2m grading 0.77%
✓ Cu, 1.08%
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Aer-Kidd
SPC NICKEL CORP; Sudbury Mining Camp15% Owned
Lockerby East
West Graham Deposit▪ Ind: 8.55Mt @ 0.45% Ni,
0.31% Cu
▪ Inf: 2.0Mt @ 0.38% Ni, 0.30%
Cu
Lockerby East Deposit▪ Ind: 0.18Mt @ 2.32% Ni,
0.78% Cu
▪ Inf: 0.04Mt @ 2.93% Ni,
0.80% Cu
Aer-Kidd Property▪ Past Producer
▪ Exceptionally High Grade
Intersections
▪ Advanced Exploration
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INVEST IN TOMORROW, TODAY. XTM – TSXV
CGM: 226 km2 in the Abitibi
Ridout Fault
0 40km
N
11
144
560
66
101
101
Qu
eb
ec
Alamos GoldYoung Davidson
3.6 Moz @ 2.7 g/t (P+P)
Tahoe ResourcesJuby Gold
1.1 Moz @ 1.3 g/t (Ind)2.9 Moz @ 0.9 g/t (Inf)
Kirkland Lake GoldMacassa
2.0 Moz @ 20.8 g/t (P+P)
Agnico EagleUpper Beaver
0.7 Moz @ 5.4 g/t (P+P)
IAMGOLDCote Lake
8.3 Moz @ 0.9 g/t (Ind)
Producing Mine
Past Producing Mine
Major Fault
Undeveloped Resource
Abitibi Greenstone Rocks
On
tario
McEwen MiningBlack Fox Complex
1.5 Moz M&I
GoldcorpDome-Hollinger > Moz @ 2.3 Moz @ 1.55 g/t (P+P)
Tahoe GoldLakeshore Mine
0.24 Moz @ 3.21
g/t (P+P)
South Kirkland✓ Camp size property package
✓ Located on new trend south of
Kirkland Lake (host to 35 M oz)
✓ Historical Resource and UG
Infrastructure
Ridout West✓ Optioned to IAMGOLD
✓ Grab samples returned
up to 57.3 g/t Au
West Matachewan✓ 15 km from Young Davidson
✓ Situated on 25 km of prolific
Cadillac Larder Break
DeSantis✓ Historical gold producer in
the heart of Timmins
✓ Outlined Resources with
exploration upside
CGM Property
Acquired from Osisko
INVEST IN TOMORROW, TODAY. XTM – TSXV INVEST IN TOMORROW, TODAY. XTM – TSXV | Q2 2018
SCOTT MCLEAN
HBSc. P.Geo.
CEO & Co-founder
➢ 2004 PDAC Prospectors
of the Year for Nickel Rim
South Discovery
➢ 2014 Ontario Discoverer of the
Year
➢ 35 years experience, 23 years
with Falconbridge/ Xstrata
(Responsible for the Sudbury
Exploration Investment)
GRANT MOURRE
M.Sc, P.Geo
Exploration Manager
➢ 16 years minerals
exploration within NA
focused primarily on Ni-
Cu-Co-PGMs.
➢ 2014 Ontario Discoverer
of the Year
➢ 10 years exploration in
the Sudbury Basin
GREG COLLINS
B.Sc. Eng., P.Geo.
COO & Co-founder
➢ Previous VP Exploration
for Crowflight
➢ Numerous Ni-Cu-PGM
discoveries in Canada
and Vietnam
➢ Over 20 years experience
in exploration, mine
planning and operations,
and management
MANAGEMENT TEAM
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TOM HART
M.Sc, P.Geo
VP Exp
➢ Co-recipient of the
Northwestern Ontario
Prospectors Association
2004 Discovery of the Year
Award
➢ Specialist in lode gold and
base metals systems on
surface and underground
➢ Over 30 years experience
in exploration and mapping
programs
INVEST IN TOMORROW, TODAY. XTM – TSXV INVEST IN TOMORROW, TODAY. XTM – TSXV | Q2 2018
SCOTT MCLEAN, HBSc. P.Geo.
➢ 2004 PDAC Prospectors of the
Year for Nickel Rim South Discovery
(now Glencore/Xstrata)
➢ 2014 Ontario Discoverer of the Year
➢ 35 years experience, 23 years with
Falconbridge/Xstrata (Responsible for
the Sudbury Exploration Investment)
THOMAS ATKINS, B.Sc., MBA
➢ Past CEO of 4 publicly listed mining
companies, raised approximately $100
million in various equity and debt
financings
➢ 30 years experience successfully leading
exploration and development initiatives
in the Americas
JON BAIRD, B.Sc., P.ENG.
➢ 2013 recipient of the Queen Elizabeth II
Medal and the CIMM Vale Medal
➢ Professional geophysicist and independent
Consultant since retiring as the Managing
Director of the Canadian Association of
Mining Equipment and Services for Export in
January 2015
➢ Past president of the Prospectors and
Developers Association of Canada
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BOARD OF DIRECTORS
JASON MARKS, P.ENG., MBA
➢ CEO of Metric Asset Management
➢ Past CEO and Chief Investment
Officer of Fiera Quantum Limited, CEO
and Chief Investment Officer of GMP
Investment Management, Vice Chair at
TD Securities, Senior Vice President at
TD Bank, and Vice President at
Citibank Canada
WILLIAM PEARSON, PH.D., P.GEO.
➢ 2015 recipient of the PDAC
Distinguished Service Award
➢ Chief Technical Advisor for Eloro
Resources in Peru
➢ Over 40 years experience in exploration
and mine development programs in 18
countries in North and South America,
Europe, East Asia and Australia
BRIAN MONTGOMERY, LL.B.
➢ Lawyer and a retired partner of Weaver
Simmons LLP
➢ Currently counsel with the Moutsatsos Laakso
Alexander LLP law firm in Sudbury
specializing in business and corporate law
➢ Recognized for his expertise in all aspects of
mining, corporate, real estate, and business
law
INVEST IN TOMORROW, TODAY. XTM – TSXV
WHY TRANSITION METALS NOW? KEY CATALYSTS
SPC Nickel &
Canadian Gold Miner
Public Transactions
in 2021
Potential for two
share dividends
Continued Partner Funded
Exploration
Optioning of key projects
including Saturday Night,
Maude Lake, Highland,
Sawmill, Aylmer
$$
New project
acquisitions and
portfolio growth
NiAu Cu Co PGM
32
INVEST IN TOMORROW, TODAY. XTM – TSXV INVEST IN TOMORROW, TODAY. XTM – TSXV | Q2 2018
Scott McLean P.Geo.CEO & Co-founder
#5 - 410 Falconbridge Road
Sudbury ON P3A 4S4
Telephone: 705-677-6178
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