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Metals Company SPAC

BETTER METALS FOR EVs Comparing our portfolio to other nickel projects. World's largest undeveloped nickel projects Total resources (inferred, indicated & measured), in Mt¹,³ Nickel equivalent grades4 29.0² Ni equivalent resources 16.0² 5.8 3.2% 2.0 TMC portfolio Dumont Wingelina Araguaia 0.3% 1.7 1.2% 1.9% 0.9 NiWest Laterite 1.1% World's largest nickel operations Total resources (inferred, indicated & measured), in Mt¹,3 18.9 Norilsk 2.3% 1 Global Nickel Industry Cost Summary, Wood Mackenzie, August 2020; inclusive of reserves. 2 Canadian NI 43-101 Resource Statement for full field financial model (internal DeepGreen development scenario). Metals and mining recoveries have not been considered. 3 Asset Reports for Dumont, Wingellina, Araguaia, NiWest Laterite, Norilsk, FeNi Halmahera, Jinchuan and Koniambo, Wood Mackenzie. 4 Nickel equivalence calculation uses NORI-D Model price deck as stated on page 53. For gold ($1,832/oz), platinum ($1,172/oz) and silver ($27/oz), spot prices as of February 8, 2021 are used. 5.4 FeNi Halmahera 2.0% 4.3 Jinchuan 1.2% 3.4 Koniambo 2.5% 12
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