Kodiak Copper

Copper was first used by man over 10,000 years ago. In 3500 B.C., fire and charcoal were used to smelt ores, and copper was alloyed with tin to create bronze, giving rise to the Bronze Age. Copper remains indispensable to modern society, with its usage soaring by 5000% from 1900 to 2020.

Electrification is expected to increase annual copper demand to 36.6 million metric tons by 2031, with supply forecast to be around 30.1 million tons, creating a 6.5 million ton shortfall at the start of the next decade.

Additionally, AI might double the size of copper’s supply deficit contributing an additional 5M MT by 2030.

Sources:
Copper Development Association, International Copper Association, Copper Development Association, McKinsey & Co., & International Energy Agency

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• Focused on effective, responsible copper exploration – critical metal for the energy transition and AI, with a supply deficit looming due to the lack of new discoveries.

• Management team with strong track record, member of well-respected Discovery Group – founder and chairman Chris Taylor generated $2 billion for shareholders with sister company Great Bear.

• Projects in existing mining districts in North America – low risk, low cost regions with excellent infrastructure where mines can be permitted and built.

• Kodiak outlined major porphyry district at MPD copper-gold project in Southern British Columbia – achieved critical mass through consolidation and large drill campaigns (~90,000 m).

• Initial resource estimate for four of seven zones in June 2025 – already demonstrates potential for a major mine; remaining three zones in Q4 will add to the resource estimate.

• Significant opportunity for resource growth and additional discoveries – all resource zones open for extension and ~20 additional target areas on property.

• Solid capital structure – $9 million cash, 95.1 million shares outstanding, largest shareholder is Konwave AG.