on a fast track back to nickel-cobalt sulfide production

On a Fast Track Back to Nickel-Cobalt sulfide Production

Canadian Stock Exchange Ticker Symbol (CSE: NICO)

DisclaimerThis presentation (“Presentation”) is being issued by Class 1 Nickel and Technologies Limited (the “Company”) for information purposes only. Reliance on this Presentation for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested.

Cautionary Statements Concerning Forward-Looking Statements

Certain information set forth in this Presentation contains “forward-looking statements” and “forward-looking information” under applicable securities laws (referred to herein as forward-looking statements), which include management’s assessment of future plans and operations and are based on current expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as “may”, “will”, “should”, “could”, “anticipate”, “believe”, “expect”, “intend”, “potential”, “continue”, “target”, “estimate”, “proposed”, “preliminary” and similar expressions. Such forward-looking statements include, but are not limited to, production capacity and timing, mining and processing methods, by-products, product pricing, capital and operating cost estimates, project economics, future plans, the growth in the electric vehicle market and its impact on the demand for nickel and cobalt, and future supply of nickel and cobalt. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Forward-looking statements contained in this Presentation regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required under applicable securities laws. You should not place undue reliance on forward-looking statements, which speak only as of the date of this Presentation. Readers are advised to consider such forward-looking statements in light of the risks set forth in the Company’s continuous disclosure filings as found at www.sedar.com.

Cautionary Note to U.S. Readers Regarding Estimates of Mineral Resources

This Presentation uses the terms “Measured" and “Indicated" Mineral Resources and “Inferred" Mineral Resources. The Company advises U.S. investors that while these terms are recognized and required by Canadian securities administrators, they are not recognized by the U.S. Securities and Exchange Commission. The estimation of “Measured" and “Indicated" Mineral Resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. The estimation of “Inferred" Mineral Resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of Mineral Resources. It cannot be assumed that all or any part of a “Measured", “Indicated" or “Inferred" Mineral Resource will ever be upgraded to a higher category.

Scientific and technical information disclosed in this document has been reviewed and approved by Tony Donaghy and Eugene Puritch, P.Eng., both Qualified Persons as defined in NI 43-101.

EXCLUSION OF LIABILITY – Without limitation to the foregoing and to the maximum extent permitted by law, each of the Company and its Representatives accepts no liability (except wilful negligence or misrepresentation) for any loss or damage suffered or incurred by the recipient or any other person however caused relating in any way to this IM, including any omissions, except to the extent stated in a definitive agreement with such person when, as, and if it is executed.

Q4-2020 www.class1nickel.com 2

http://www.sedar.com/

A past production operation (historical 1.0 - 4.0% nickel head grade) with 4 high-grade NI 43-101 nickel sulfide Mineral Resources that remain open at depth and along strike (Nickel-Copper-Cobalt-PGE’s).

Class 1 Nickel & Technologies Limited offers an excellent opportunity to invest in a new company that owns advanced and expanding battery grade class 1 nickel and cobalt sulfide mineral resources*.


Compelling Investment Attributes include:

• Enviable Location, logistics and infrastructure: Situated in a safe and reliable mining jurisdiction located only 45km northeast of mining city Timmins, Ontario, Canada, the project enjoys year-round road access, availability of local skilled workforces and access to several operating process plants that are currently available to accept feedstock into their operations.

• Strategic land package geologically: We have assembled several highly sought after and difficult to find komatiite-hosted Nickel-Copper-Cobalt sulfide Mineral Resources into one valuable 20km2 land package. The Company’s Timmins projects envelope a large 14km “Z”-shaped komatiite fold (komatiite rocks are a type of ultramafic volcanic rock that contain nickel sulfide) hosted in a mixed group of The Kidd-Munro assemblage rocks (OGS 1991).

• Existing nickel Mineral Resources: 1.25m Indicated Tonnes at 1.0% Ni and 1.01m Inferred Tonnes at 1.1% Ni , comprised of four foundation resources: Alexo North, Alexo South, Dundonald North and Dundonald South. A large portion of the Property remains untested by drilling and modern geophysics.

• Low OPEX: Class 1 Nickel intends to re-enter direct shipping process plant feed operations ( Nickel – Cobalt – PGE’s) leveraging its close proximity to operating process plants and suitability to traditional environmentally sustainable production methods.

• Due to the quality of the projects which have remained unworked for a considerable period of time, Class 1 Nickel has been able to attract highly regarded and credentialled career nickel experts who possess vast nickel exploration development and mining experience.

• Listed on the Canadian Stock Exchange (Symbol: NICO) under a very tight and clean capital structure.

On a Fast Track back to Nickel-Cobalt sulfide Production

* The reader is cautioned that Class 1 Nickel has not done sufficient work to validate or classify the historical grades at the Dundonald Project. The historic grades are not NI 43-101 compliant and should not be relied on by investors. It is uncertain if further exploration will result in a Mineral Resource.

Highly Regarded Nickel Experts


Vast experience in resource exploration and development

• 22 years of frontline capital market experience.

• Raised over $200m for public companies and responsible for financing, administration, marketing and management of public companies.

• Expertise in exploration management, resource development and PFS mine study operations for nickel, copper and iron ore assets.

Eugene Puritch, P.Eng, FEC, QPIndependent Consultant

• Mr. Puritch is a professional mining engineer licenced in five Canadian Provinces with 40 years experience in engineering and operations of open-pit and underground mines.

• Gold, silver, base metal, PGM, and iron deposits have been the focus with projects ranging from small underground narrow vein to large open-pit multi-element properties.

• Mr. Puritch is a specialist in geological modeling and mine design and has extensive experience in the use of Gemcom, Whittle, and AutoCadsoftware packages.

• He has co-authored more than 300 NI 43-101 technical reports as a Qualified Person on gold, silver, base metal and PGM deposits.

William Stone, Ph.D., P.Geo. Independent Consultant

• Dr. William (Bill) Stone is an economic geologist with over 30 years of experience in the mining and exploration industry in North America and overseas.

• Bill has worked in senior geological and executive management roles for WMC Resources Ltd, LAC Minerals and North American Palladium and Magma Metals, Geoinformatics, International Metals Group and Anglo American with precious and base metal projects across Canada and in Alaska, Australia, Mexico, Europe and Africa.

• Dr. Stone specializes in 2D/3D modelling and interpretation of nickel-copper-cobalt (PGM) sulfide, platinum-group metal, gold and zinc-lead-copper VMS mineral deposits, in a wide variety geological settings and mining operations.

Benjamin CooperPresident, CEO & Founder

Alan KingChief Geophysicist

• Mr. King is well known and respected in the Mineral Resource industry with particular expertise in Nickel exploration.

• From 1976 to 1990 he worked as a geophysicist in exploration and resource development in Canada and Australasia.

• From 1990 to 2012 he was employed by Inco /Vale as a senior geophysicist and then as Manager of Geophysics with responsibility for global exploration. As Chief Geophysicist for Vale Global Exploration Alan worked on geophysical applications for base metals, iron, manganese, coal and fertilizers (potash and phosphate) as well as target generation using regional and global data sets.

Tony Donaghy, BSc (Hons), P.Geo. Principal Geological Consultant

• Internationally recognized expert in the global search for nickel, copper, cobalt and PGEs with more than 25 years experience covering all continents and all stages of project development..

• Began his career with the Falconbridge Exploration team in Sudbury, ON, and prior to joining mining industry consultants CSA Global (an ERM Group company) was the Global Commodity Leader for Nickel and Platinum with Anglo American Exploration, responsible for the technical oversight of all Anglo-American nickel exploration activity globally.

Board of Directors & Advisors


BOARD WITH STRONG FINANCIAL BACKING AN DRIVEN LEADERSHIP IN A RISING CLASS 1 NICKEL AND COBALT MARKET

• CEO & joint major shareholder of the Fitch Group, a property development and investment company in Australia.• Extensive experience in strategic planning, commercial negotiations, business operations and asset management.• Major shareholder in QEM Limited, a company with one of the largest vanadium resources in the world. Investor in Central Laboratories Ltd, a producer of products for the firefighting and

dust suppressants markets. Director of DBRB Property Group a company which manages a diverse portfolio of other investments.

David Fitch, Director

• Director with 25+ years’ management experience within mining and technology sectors for government, public and private sectors. • Deep connection to high technology and implementation.• An In-demand executive management level turnkey consultant, specializing in operational efficiency and economic optimization to customers including Microsoft, Macquarie, HP, as well

as State and Federal government agencies in Australia and Singapore.

Mathew Gibertson, Director

• Partner of the law firm Colby Monet LLP, in Montreal, Quebec. • Mr. Crevier is a member of the Barreau du Quebec and has practiced as a lawyer since 1975, primarily in the area of commercial law, assisting public and private companies in the natural

resource and technology sectors. • Mr. Crevier has acted as a director for Goldstar Minerals Inc., a TSX Venture-listed issuer, since September 2016.

David Crevier, Director

Ben CooperChairman

• Principal of Taylor M. Dignan Professional Corporation, a boutique corporate and securities legal practice based in Ontario, Canada• Experience managing corporate governance and regulatory compliance for public and private companies• Background in listing private companies on public stock exchanges (CSE, TSXV)• Graduate of University of Victoria (Juris Doctor)

Taylor Dignan, Director

Class #1 versus Class #2 Nickel

Q4-2020 www.class1nickel.com

• In nickel laterite mines (Class 2 Nickel), the ore is mined and then processed through a high-pressure acid leach (HPAL) circuit, which is then further processed to produce nickel sulphate. The HPAL process is more complex, requiring more steps and, it has higher carbon footprint due to emissions from the process.

• Nickel and Cobalt are used in the most dominant battery chemistries for electric vehicles (Evs) – NCM (Ni Mg Co) and NCA (Ni Co Al). Cathode and battery manufacturers are moving towards higher nickel and lower cobalt chemistries (migration from NMC111/622 to NMC811

• McKinsey and Co stated in their November 2017 report entitled “Nickel a class act” that lithium-ion battery demand for high-purity class 1 nickel may increase significantly from 33 Kt in 2017 to 570 Kt in 2025.

• In August 2020 Elon Musk, the CEO of Tesla called for more nickel production to meet demand. (Reuters: Melbourne/Beijing July 23, 2020)

• A high percentage of nickel sulfide exploration is concentrated in cold climates (Russia, Finland, Greenland and Canada) as most of the discoverable nickel sulfide deposits found around the equator or in hotter and wetter climates have mostly been converted, by nature, into nickel laterite deposits. Thus, nickel laterite deposits account for up to 70% of the known crustal nickel deposits on the earth.

Nickel Use Class #1 Nickel

Class #2 Nickel

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Stainless steel ü ü

Smelt RefineNic

kel S

ulfid

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Mine Concentrate Sulphate Class 1 Nickel Product Crushed and Sorted Nickel-Cobalt Orefrom the Alexo Mine – Timmins Canada

– 2-4% Nickel with associated Copper-Cobalt & PGE

Battery & EV Market


Currently, battery manufacturers make up less than 5% of the global 2 Mt nickel

market

Roughly half of the 2 Mt market is derived from the mining of nickel sulfide ore which then gets

converted into Class #1 nickel products

Given the duration and expense of exploration and development, which is at least 10 years from discovery to construction, where will the nickel for the EV market come from??

Large scale adoption will require more EV infrastructure; governments are increasingly pushing for a green economy that includes

renewable energy and EV adoption

In 2018, Glencore commissioned CRU to model the metal requirements of a 30% adoption rate of Evs in

the global vehicle market by 2030. Results were:

• c4.1Mtpa of copper (18% of 2017 supply)

• c1.1Mtpa of nickel (55% of 2017 supply)

• 314ktpa of Cobalt (332% of 2017 supply)

Alexo South Pit Loading - 2005

The Alexo-Dundonald Nickel-Copper-Cobalt & PGE Projects, Timmins, Ontario, Canada

• A past production operation (with historical 1.0-4.0% Ni head grade) with two advanced high-grade nickel sulfide deposits with combined NI 43-101 and historical resources containing nickel –copper-cobalt-platinum and palladium.

• Comprises Alexo, Alexo South, Dundonald North and Dundonald South deposits*.

• A large portion of the 20km2 property remains untested by drilling and geophysics.

• Current shallow mineralization extend along strike and down plunge.

• Situated 45 km northeast of Timmins with year-round road access, 92 granted exploration licenses covering 20km2 are located close to operating process plants that are currently available to accept feedstock into their operations

• Available infrastructure, power & local skilled labor.

• The last drilling program was completed at the Alexo Mine Project in 2011, and Dundonald in 2005. Previous owners halted production in October 2005 due to low nickel prices.

• Class 1 Nickel & Technologies is on a trajectory back into direct shipping process plant feed operation (Nickel – Cobalt – PGE’s).

• Total Indicated Mineral Resources of 1.25 million Indicated Tonnes at 1.0% and 1.01 million Inferred Tonnes at 1.1% Ni

• Latest technology geophysics and extensive expansion drilling campaigns will proceed to increase the current NI 43-101 Mineral Resource Estimate and thus accumulate important data required for a future Preliminary Economic Assessment report.


The right commodities in the right place and the right time


Alexo Mine and Alexo South: Direct Shipping Operation 2005-2011


Alexo SouthPit

Local Processing Options – No CAPEX Required

www.class1nickel.com 10

Alexo South Pit (starting 40 bench)

Alexo high grade nickel

Alexo South Pit Loading

Alexo geology (andesite wedging into sulfides)

• The previous operator of Alexo began mining and stockpiling nickel bearing massive sulfides form its Alexo South mine and the ore was custom milled at Glencore’s Strathcona mill near Sudbury.

• The Strathcona Mill receives ore from Glencore’s two Sudbury mines as well as third-party custom feed ores. It produces two concentrate streams: nickel-copper concentrate for smelting, and copper concentrate for smelting and refining.

• The Sudbury Smelter currently smelts nickel-copper concentrate and processes custom-feed materials in the form of concentrates and secondary products.

• Kidd Creek Mine is an underground base metal mine 24 km (15 mi) north of Timmins, Ontario, Canada. It is the deepest base metal mine on the planet. Owned and operated by Swiss multinational Glencore Inc. The mine was discovered in 1963, and sold in 1986 to Falconbridge Ltd., which in 2006 was acquired by Xstrata, which in turn merged with Glencore in 2013. Ore from the Kidd Mine is processed into concentrate at the Kidd Metallurgical Site, located 30km from our Mine site in Timmins

• Other smaller operators in the Timmins area are completely equipped concentrators who operate mills on a toll milling basis

Alexo-Dundonald Historical Drilling

590 drill holes for a total of 102,883m (average depth of 174m) with >$20m spent on this project


Alexo Drilling along the painted ore contact

Alexo stockpile (1.5% Ni) Alexo Crushed Ore Stockpile(~ 100 tons)

Alexo-Dundonald is on trend with Montcalm and Kidd Creek

• Alexo-Dundonald is on trend with Montcalm and Kidd Creek as part of the Kidd Munro Assemblage Geology

• The Alexo-Dundonald host rocks are part of a regional geophysical trend that extends tens of kilometres westward and includes the giant Kidd-Creek base metal VMS mine and even the Montcalm nickel mine near Timmins

• This regional trend corresponds to the komatiite-bearing Kidd-Munro assemblage, which has been subject to very little modern airborne electromagnetic surveys and systematic mineral exploration for nickel sulfide deposits. Consequently, the potential for discovery of additional nickel sulfide deposits under cover along this favourable trend remains high.


Local Geology and Mineralized Zones


• The Alexo-Dundonald Project sits on a 14 km strike-length, folded komatiite unit containing several nickel-copper-cobalt and PGE Mineral Resources.

• Decades of successful capital expenditure and investment into the Project by previous owners has resulted in the discovery and delineation of four main nickel Mineral Resources that occur along the folded komatiite unit.

• A total of 102,883 metres of drilling has been conducted on and around the komatiite fold and a valuable data set has been assembled, which confirms the existence of numerous other smaller high-grade deposits and mineralized lenses that occur between and alongside the four main Updated Mineral Resources.

“The Alexo-Dundonald Project was previously mined via a direct shipping model, and the Preliminary Economic Assessment that P&E will soon commence is being designed around similar principles.”

Eugene Puritch, P.Eng, FEC, CET, President of P&E

UPDATED ALEXO-DUNDONALD MINERAL RESOURCE ESTIMATE(*)

Scenario Classification Cut-offNSR C$/t

Tonnes(kt)

Ni(%)

Ni(Mlb)

Cu(%)

Cu(Mlb)

Co(%)

Co(Mlb)

Pit Constrained Indicated 30 593.4 0.78 10.22 0.04 0.53 0.03 0.34

Out-of-pitIndicated 90 661.0 1.18 17.13 0.03 0.47 0.02 0.32

Inferred 90 1,008.5 1.08 23.90 0.03 0.63 0.02 0.45

TotalIndicated 30+90 1,254.4 0.99 27.35 0.04 1.00 0.02 0.66

Inferred 90 1,008.5 1.08 23.90 0.03 0.63 0.02 0.45


Pit Constrained and Out-of-Pit Estimated Mineral Resources

* View news release dated Nov 2, 2020 to read full table and disclosure of updated Estimate Mineral Resource Calculation here.

Alexo-Dundonald Updated total estimated Indicated Mineral Resource of 1.25 Million tonnes (Mt) with an average grade of 0.99% Ni and a total estimated Inferred Mineral Resource of 1.01 Mt with an average grade of 1.08% Nickel

https://www.class1nickel.com/2020/11/02/class-1-nickel-reports-updated-ni-43-101-mineral-resource-estimate-on-its-alexo-dundonald-ni-cu-co-deposits-timmins-ontario/

3D Image of Alexo North Deposit (Red) and Alexo South Deposit (Green)

• The Alexo North and Alexo South Mineral Resources extend along strike and depth and down plunge and will be extension drilled to add more tonnage to the current NI 43-101 Mineral Resource Estimate.

• The majority of drilling and mining in the past 30 years has been shallow work (less than 100 m vertical depth below surface.


3D Images of Dundonald North and South

Dundonald North


Dundonald South

Dundonald South Zone Highlights & Nickel-Bearing sulfide Zones (G*)


G Zone: The G zone was traced for a strike length of 600 m and is open to the east.

The G zone has four high grade nickel shoots all plunging southwest and open down plunge.

The eastern shoot is about 12m wide and plunges 25° to the west. It starts at a vertical depth of 65m and is open below a vertical depth of 100 m. Historically Falconbridge returned 1.49% Ni over 7.9 m when testing part of the shoot.

The central east shoot which is 15 m wide, begins below a vertical depth of 65 m and has a moderate plunge of 45°. It is open both up and down plunge and has returned encouraging historical intercepts including 4.67% Ni over 1.7 m.

The central west shoot is 15 m wide and begins at a vertical depth of 100 m and has a moderate southwest plunge of 45°and is open below a vertical depth of 160 m. Two significant historical drill intercepts in the shoot are 5.91 % Ni over 3.6 m and 4.37% Ni over 1.8 m. Falconbridge NS05-75 historical drill hole intersected a massive pentlandite zone over 0.3m that assayed 42.8% Ni, the highest ever nickel drill intersection to date on the Alexo-Dundonald Project.

The west shoot is the most continuous and the longest shoot of the four. It is 120 m long and 15 m wide. It plunges 45° to the southwest and remains open. Two historical drill hole intersections in this shoot include FNS05-30 with 11.19% Ni over 3 m, including a massive sulfide section of 23.7% Ni (5.1 g/t. PGE’s) over 1.3 m; and FNS05-40 with 5.99% Ni over 4.85 m including a massive sulfide section of 11.79% Ni (4.5 g/pt PGE’s) over 1.3 m.

Other notable high-grade historical nickel intersections in G Zone are FNS05- 73 with 18.7% Ni over 1.1 m, FNS05-79 wth 7.63% Ni over 5.7 m and FNS05-91 with 5.29% Ni over 3 m.

HOLE NUMBER

% NI % CU LENGTH (M)

FND04-01 0.62 0.0 2.30

65-29 5.74 0.24 8.83

FND04-34 0.56 0.02 6.10

HUF09-01 3.26 0.17 7.65

HUF10-01 4.95 0.11 1.55

FND04-29 4.90 0.19 16.4

• High grade Nickel-Copper-Cobalt drill intersections 8 Zones

• “G Zone” High Grade Historical Lenses of 115,000 – 140,000 tonnes @ 3.1 – 3.2% Ni (Non- NI 43-101 Compliant).

• Mineral Resource definition work will follow these plunging high grade shoots down dip and add tonnage and grade to the global project resource .

• Additional zones identified on the cross section appear to have continuity.


Dundonald South Zone Highlights* & Nickel-Bearing sulfide Zones (H*)


• H Zone: The H zone is the stratigraphic highest of the nickel sulfide zones. It is a discontinuous zone typically located 30 m north of the southern Dundonald Sill. It is comprised of fine-grained disseminations to blebs of pyrrhotite/pentlandite within the upper spinifex textured thin peridotite flows (m-scale) of the Central komatiitic peridotite flow rocks. Historical nickel values typically range from 1% to 2.76% and are lower than the F and G zones. The highest nickel intersection was 5.57% Ni over 0.4 m and 1.06% Ni over 7.17 m.

Dundonald North Zone (formerly Dundeal):

• This nickel zone is located on the north side of a west-plunging antiform, 2.2 km southeast and along strike from the Alexo deposit. The mineralization occurs at the base of the Empire Komatiite Flow and is apparently controlled by a channel or depression in the footwall volcanic rocks. The zone has been traced along strike for 800 m and to a depth of 700 m below surface. It is presently unclear what the exact orientation of this channel is, but it is indicated to plunge moderately to the northeast near surface and steepen with increasing depth, parallel to that at the Alexo deposit to the north. Average true width of the mineralized interval is 2.4 m with the best historical mineralized intersections in the centre of the channel (with grades up to 3.04% Ni).

• Blebby and disseminated sulfides are the most common forms of nickel mineralization followed by occasional net-textured intervals and finally as rare massive veinlets in the footwall. Pyrrhotite and pentlandite occur in sub-equal amounts along with minor chalcopyrite and rarely sphalerite.

• The most significant historical nickel intercept returned from the near surface extent of the Dundonald North Zone was 1.86% Ni over 2.2 m core length. Two holes were drilled to test a deeper portion of the Dundonald North Zone returned historical results including 2.41% Ni over 4.25 m, 1.11% Ni over 9.5 m, and 1.34% Ni over 12.0 m (~7.6 m true width) including 1.61% over 8.0 m (~ 5.0 m true width).


Peer ComparisonCompany Name Symbol/

ExchangeFlagship Project Location Mine Cycle Mineralization

Tartisan Nickel Corp TN:CNSX Kenbridge Ontario, Canada Exploration Mafic-ultramafic intrusive-hosted nickel sulfides Auroch Minerals Ltd AOU:ASX Saints Western Australia Exploration Komatiitic volcanic hosted nickel sulfidesGaribaldi Resources Corp. GGI:TSXV Nickel Mountain British Columbia, Canada Exploration Mafic-ultramafic intrusive-hosted nickel sulfides St George Mining Limited SGQ:ASX Mt Alexander Western Australia Exploration Mafic-ultramafic intrusive-hosted nickel sulfides Class 1 Nickel and Technologies NICO:CNSX Alexo-Dundonald Project Ontario, Canada Development Komatiitic nickel sulfidesBlackstone Minerals Limited BSX:ASX Ta Khoa Son La Province, Vietnam Development Mafic-ultramafic intrusive-hosted nickel sulfides Poseidon Nickel Limited POS:ASX Black Swan Western Australia Development Komatiitic volcanic hosted nickel sulfidesPanoramic Resources Limited PAN.ASX Savannah Western Australia Producer Mafic-ultramafic intrusive-hosted nickel sulfides Talon Metals Corp. TLO:TSX Tamarack Minnesota, USA Development Mafic-ultramafic intrusive-hosted nickel sulfides Legend Mining Limited LEG.ASX Rockford Western Australia Exploration Mafic-ultramafic intrusive-hosted nickel sulfides Mincor Resources NL MCR.ASX Kambalda Operations Western Australia Development Komatiitic nickel sulfidesWestern Areas WSA.ASX Cosmos-Forrestania Western Australia Producer Komatiitic nickel sulfidesChalice Gold CHN.ASX Julimar Western Australia Exploration Mafic-ultramafic intrusive-hosted nickel sulfides


$-

$200.00

$400.00

$600.00

$800.00

$1,000.00

$1,200.00

Tartisan NickelCorp

AurochMinerals Ltd

GaribaldiResources

Corp.

St GeorgeMiningLimited

Class 1 Nickeland

Technologies

BlackstoneMineralsLimited

PoseidonNickel Limited

PanoramicResources

Limited

Talon MetalsCorp.

Legend MiningLimited

MincorResources NL

Western Areas Chalice Gold

Market Capitalization ($Million as of 23/11/2020)

Capital Structure


CSE Symbol: NICO

Shares Outstanding: 103,858,059

Options: Nil

Warrants: 2,925,677

Fully Diluted: 106,783,737

Share Price (as Nov 23, 2020): $0.95

Market Capitalization: 98,665,156

Major Shareholders: 70%

Tightly held with over 70% of NICO shares are held by management, the board and institutions

www.class1nickel.com 21

• Nickel Sulphate which is a derivative of Nickel sulfide is used in EV battery cathodes.

• EV companies require battery capacity (raw materials) and the biggest raw material component in batteries is Nickel (80% nickel, 10% cobalt and 10% manganese).

• 54% of the cost of the battery is the cathode ( 44% of cathode is nickel).

• Class 1 Nickel significant advantages: high grade, high purity low cost of production magmatic sulfide, close to surface and close to infrastructure – short lead time back to production.

Nickel is really Tesla’s key battery ingredient –approximately 40kg of nickel goes into Tesla car and is a key to energy density.

Elon Musk, the single largest buyer of batteries on the planet, said in 2016, “Our cells should be called nickel-graphite cells. [there’s] a little bit of lithium in there, but it’s like the salt on the salad”.

Q4-2020

Contact Information


Toronto – Head Office:

82 Richmond Street East

Toronto, ON, M5C 1P1

Montreal Office:

600 - 2075 Robert-Bourassa

Montreal, QC, H3A 1L1

New York Office:

2200 - 675 Third Avenue

New York, NY, 10017

Tel: +1.416.454.0166

E: [email protected]

Website: www.class1nickel.com

Twitter: @ClassNickel

LinkedIn: @Class-1-NickelListed on the Canadian Securities Exchange

CSE: NICO

mailto:[email protected]?subject=Question%20from%20Presentation

http://www.class1nickel.com/

https://twitter.com/ClassNickel

https://www.linkedin.com/company/class-1-nickel/

on a fast track back to nickel-cobalt sulfide production

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