SPARTAN METALS IS A KEY
PART OF THE SOLUTION

Defense, artificial intelligence, aerospace and advanced manufacturing are driving a new era of American industrial growth. That growth depends on secure access to critical materials. Tungsten is among the most strategically important. Spartan Metals is advancing two significant U.S. tungsten projects in Nevada and New Mexico, positioning the Company at the intersection of rising demand, supply security and America’s Executive Order to rebuild its domestic critical mineral supply chain.

THE NEXT RESOURCE RACE HAS BEGUN

Defense spending continues to rise. Artificial intelligence is transforming industries. 

Advanced manufacturing is returning to North America.

Every one of these trends increases demand for strategic materials.

One metal connects them all.

TUNGSTEN

America Needs Domestic Tungsten

For decades, global tungsten supply has been concentrated outside the United States. Today, supply chain resilience and national security are driving renewed interest in domestic tungsten development.
America isn’t simply looking for more tungsten.
It is looking for a secure tungsten supply.

Supply Security

Building stronger domestic critical
mineral supply chains.

National Security

Supporting aerospace, defense and advanced manufacturing.

Industrial Growth

Helping power America’s next industrial expansion.

TWO PROJECTS. TWO DISTINCT ADVANTAGES.

A U.S.-FOCUSED TUNGSTEN PORTFOLIO BUILT AROUND SCALE AND GRADE.

TWO PROJECTS. TWO DISTINCT ADVANTAGES.

VICTORIO | NEW MEXICO — SCALE

2012 HISTORICAL MINERAL RESOURCE ESTIMATE

2012 HISTORICAL MINERAL RESOURCE ESTIMATE

Victorio hosts a 2012 historical mineral resource estimate of tungsten-molybdenum mineralization (Knudsen, 2012)* and is the subject of an updated MRE and PEA targeted for Q4 2026.

historic U.S. tungsten

resource Estimate

District-scale growth potential

Strategic U.S. location

Long-term development opportunity

A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves, and Spartan is not treating the historical estimate as current mineral resources or mineral reserves.

EAGLE | NEVADA — GRADE

HIGH-GRADE DISCOVERY POTENTIAL

HIGH-GRADE DISCOVERY POTENTIAL

Located in Nevada, the Eagle Project is a past-producing tungsten district with multiple past-producing mines and exceptional exploration upside.

Historic production, strong sampling results and district-scale geology position Eagle as one of Spartan’s most exciting exploration opportunities.

Historic tungsten production

High-grade mineralization

District-scale exploration

Multiple discovery targets

WHY SPARTAN?

Positioned for America’s Tungsten Future

Positioned for America’s Tungsten Future

SCALE

Historical mineral resource estimate

GRADE

Historic high-grade Nevada district

LOCATION

Active drilling, engineering and project advancement

TIMING

Domestic tungsten has become increasingly important as governments and industry focus on supply-chain security

WHY NOW?

Several powerful trends are converging:

  • Expanding defense investment
  • Growing AI infrastructure
  • Strategic critical mineral initiatives
  • Domestic supply-chain development
  • Continued project advancement

INVESTMENT CASE

  • Two U.S. tungsten projects
  • Nevada & New Mexico
  • Scale + High Grade
  • Multiple near-term catalysts
  • Positioned for domestic supply growth
  • Experienced leadership

MOMENTUM IS BUILDING

  • Eagle exploration & drilling
    Victorio technical advancement
    Strategic U.S. engagement
  • Exploration results
    Resource development
    Updated Victorio PEA Q4/2026
  • Project optimization
    Expanded resource potential
    Domestic tungsten development

THE WINDOW FOR U.S. TUNGSTEN IS OPENING

THE WINDOW FOR U.S. TUNGSTEN IS OPENING

LATEST NEWS

TSX-V: W | OTCQB: SPRMF | FSE: J03

MANAGEMENT TEAM

TSX-V: W | OTCQB: SPRMF | FSE: J03

BRETT MARSH

M.Sc., MBA, CPG

PRESIDENT, CEO AND DIRECTOR

  • 25+ years in critical minerals, base and precious metals Led evaluation and redevelopment of the Aurizona Gold Project (Brazil)
  • Led definition and development of the McDermitt Lithium Project
  • Developed $370M+ in U.S. DoD and DoE critical mineral funding proposals

REBECCA BALL

B.Sc.

VICE PRESIDENT EXPLORATION

  • 10+ years in critical minerals, base and precious metals exploration
  • Greenfield gold and critical metal experience and geological modelling
  • Led McDermitt Lithium resource modelling, delivering significant resource growth

TERESE GISELMAN

CFO & CORPORATE SECRETARY

  • 35+ years of mining industry leadership
  • Experienced in corporate finance, treasury, and public company compliance
  • Led financing and corporate structuring initiatives across multiple jurisdictions

BOARD OF DIRECTORS

TSX-V: W | OTCQB: SPRMF | FSE: J03

BRETT MARSH

M.Sc., MBA, CPG

PRESIDENT, CEO AND DIRECTOR

Mr. Marsh has over 25 years of diverse mining and exploration experience in critical minerals, base, and precious metals. He has actively led multiple Dept. of Defense and Dept. of Energy grants for US Critical Mineral Projects and led definition and development of the McDermitt Lithium project in the western U.S.

BURTON EGGER

DIRECTOR

Mr. Egger brings 28+ years of junior capital markets experience, having served as a Registered Representative with Jones Gable, Canaccord, Yorkton Securities, and Canarim. He is now an active independent investor in the junior resource sector.

MICHAEL HARP

M.Sc., P.Geo

DIRECTOR

Mr. Harp, Vice President of Exploration, Ridgeline Minerals Corp., is a Professional Geologist with 15 years of Nevada exploration experience. He contributed to the discovery of over 5.0 Moz Au at Gold Standard Ventures and holds an M.Sc. in Geology.

KOSTA TSOUTSIS

DIRECTOR

Mr. Tsoutsis brings over 20 years of finance and capital markets experience, including investment advisory roles at Mackie Research, Jordan Capital Markets, and Canaccord Capital Corp., with expertise in venture capital development and financing.

JASON WEBER

P.Geo

DIRECTOR

Mr. Weber brings 35+ years of mining leadership experience spanning operations, development, and capital markets, with a proven track record of advancing resource projects globally. Currently President & CEO of Silver North Resources.

VICTORIO VITRUAL TOUR

HOW TO INVEST

TSX-V: W | OTCQB: SPRMF | FSE: J03

If you don’t have a trading account, you can buy stock in Spartan Metals with the following online brokers. Please click a logo and it will direct you on how to set up a trading account with your bank.

AMERICA’S TUNGSTEN STORY IS JUST BEGINNING

DISCOVER SPARTAN METALS

As demand for secure domestic tungsten continues to grow, Spartan Metals is advancing two strategic U.S. projects positioned to support America’s critical mineral future.

TSX-V: W | OTCQB: SPRMF | FSE: J03

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INVESTOR RELATIONS

Jeff Walker, VP – The Howard Group Inc

1-403-221-0915
jeff@howardgroupinc.com