Canada Nickel Company Presentation

Electric Vehicles to Drive Significant Additional Demand CANADA NICKEL COMPANY Recent Glencore presentation highlights massive growth expected in nickel demand from electric vehicles Electrification of transport relies on the large scale replacement of ICE with EVs The mobility transition is a major new source of material demand: >140M EVS forecast on the road by 2030 (1) Copper: +3Mtpa by 2030 Contained copper in EVs (Mt)2) 1.1 0.2 0.3 3.0 2018 2020F 2025F 2030F EV Cu demand as % of 2018 Cu supply 4.5% 1.3% 0.8% 2018 2020F 2025F Bank of America Merrill Lynch 2019 Global Metals, Mining & Steel Conference Nickel: +1.3Mtpa by 2030 Contained nickel in EVs (Mt)2) 0.40 0.11 0.06 Cobalt: +263ktpa by 2030 Contained cobalt in EVs (kt)(2) 1.30 2018 2020F 2025F 2030F EV Ni demand as % of 2018 Ni supply 12.6% 2030F 18% 5% 3% 2018 59% 2020F 2025F 2030F 26 14 131 263 2018 2020F 2025F 2030F EV Co demand as % of 2018 Co supply 219 11% 2018 2020 104% Source: (1) BNEF Long-Term Electric Vehicle Outlook 2018. (2) Glencore estimates, Wood Mackenzie, CRU, BNEF. Does not include the copper, nickel or cobalt required for other parts of the EV supply chain Including charging Infrastructure, energy storage systems, grid www.canadanickel.com 209% 2025 2030 GLENCORE 6

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