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Investor Presentaiton

Molybdenum: Constrained Supply Stainless Steels,. 39% Engineering Steels, 24% Uses of Molybdenum Chemicals, 13% Source: International Molybdenum Association (IMOA) © 2023 Idaho Copper Corp. All rights reserved. Foundries, 8% Mo-Metals, 5% Tool Steels, 8% Nickel Alloys, 3% • IDAHO • Global production of Mo in 2020 was 540M lb. (1) O COPPER • Its principal use is in steel fabrication. Global demand for this application is forecasted to rise 4.1% CAGR from 2021-2030.(1) Further growth in molybdenum usage is supported by: • • Mo replacing Co in lithium battery technology Increased Mo content in desalination plants and infrastructure needing high grade and corrosion resistant steel. Molybdenum supply is constrained by aging and lower grade existing production and significant financial, infrastructural, logistical and geopolitical challenges of new projects. 30 30
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