Investor Presentation

Corsa Coal Overview ➤ Pure play metallurgical coal producer serving domestic and international customers from a strategically advantaged location ➤ Active Operations: 3 deep mines, 3 surface mines, located in PA and MD RS. CORSA TSX-V: CSO | OTCQX: CRSXF ➤ Customers: Integrated steel and coke producers Metallurgical Coal Sales 2023 2022 2021 Company Produced 0.990 million 0.828 million Purchased 0.092 million 0.132 million Total Metallurgical Sales Tons 1.082 million 0.960 million 1.059 million 0.079 million 1.138 million Realized Price per Ton Sold: Short Ton at Preparation Plant $170.32 $158.03 Metric Ton Equivalent FOB Vessel $285-$294 $269-$275 $105.81 $187-$193 Mix: % Domestic Total 65% 55% 56% Mix: % Export Total 35% 45% 44% 1,200,000 1,000,000 800,000 600,000 400,000 200,000 Metallurgical Sales III 2021 ■Company Produced 2022 Purchased Total 2023 " Ownership Pennsylvania Corsa Operations Baltimore Norfolk Public (85%) Family of Lukas Lundin (15%) Highly successful mining and oil & gas investor Market Cap: $29 million (1) Enterprise Value: $39 million (1) (1) As of February 29, 2024 3

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