Argo Mining Profitability and Expansion Update

Access to Low Cost and Renewable Power Solidifying Quebec While Expanding to Texas Quebec Attractiveness Hydro Québec QH E West Texas Renewable Energy ercot XX ▸ Clean, cheap hydroelectricity ▸ Large clean energy surplus ➤ Low cost (~4 cents / kWh) Largest wind generator with low electricity rates ▸ Significant excess / unused capacity ▸ Attractive incentives ▸ Lower cost (~2 cents / kWh) 6 argo

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