Canada Nickel Company Presentation

Tesla: "Please mine more nickel..." CANADA NICKEL COMPANY "...please mine more nickel... Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way." - Elon Musk, Co-Founder and CEO, Tesla Earnings Call July 22, 2020 Estimated Carbon Footprint (tonnes CO2/tonne of Nickel produced) Selected Types of Nickel Production - Existing Projects/Producers 100 90 88 80 70 60 50 40 34 30 20 7 10 2 0 Lower Grade Sulphide Source: Serpentine (concentrate) Wood Mac Nickel Industry Costs, Canada Nickel analysis High Grade Nickel Sulphide HPAL Asia (intermediate) Coal-Powered NPI Production Indonesia www.canadanickel.com 8

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