Investor Presentaiton

HORIZONTE MINERALS Nickel Transaction Summary ☐ Agreement to acquire 100% of the advanced Araguaia nickel project from Teck - ☐ All share deal, no cash consideration Teck now holds 50% of the enlarged. company post re-admission ☐ Combination of HZM's Lontra Project and Teck's Araguaia project with >100 Mt resource potential creating an advanced nickel project in the world class mining district in Brazil ☐ Acquisition cost of the project at a significant discount to market peer group □ Exploration potential for resource expansion and to fast track to feasibility with support from Teck Project milestones over the next 12-18 months 7

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