GROWING ZINC PRODUCTION IN TURKEY March 2016 Certain statements in - PowerPoint PPT Presentation

GROWING ZINC PRODUCTION IN TURKEY March 2016

Certain statements in this presentation may constitute “forward looking” statements which involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements in the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. When used in this presentation, such statements use such words as “may,” “will,” “expect,” “anticipate,” “project,” “believe,” “plan” and other similar terminology. The risks and uncertainties are detailed from time to time in reports filed by the Company with the securities regulatory authorities, to which viewers of this presentation are referred for additional information concerning the Company, its prospects and the risks and uncertainties relating to the Company and its prospects. New risk factors may arise from time to time, and it is not possible for management to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual rests, performance and achievements of the Company to be materially different from those contained in forward looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward looking statements as a prediction of actual results. There should not be an expectation that forward looking information will, in all circumstances, be updated, supplemented or revised, whether as a result of new information, changing circumstances, future events or otherwise. 2

Corporate Structure Silvermet Inc. Triton Silvermet Malta Befesa 49% 51% Befesa Silvermet Turkey (BST) 100% Befesa Silvermet Befesa Silvermet Befesa Silvermet Iskenderun Dış Ticaret Izmir 3

Producing Zinc Company • No debt • Profitable and cash flow positive since 2010 • 51 / 49 % Joint Venture with Befesa Zinc, Europe’s leading steel waste recycler • Expansion of Iskenderun plant will double production and free cash flow 4

Befesa Zinc – Strong Operating Partner Main Clients • 50% market share in Europe in steel waste recycling • 8 Steel dust recycling plants 5

Befesa Bilbao Plant 6

Current and Planned EAFD Recycling Plants Current and Planned EAFD Recycling Plants MARZINC CINKOM TURMEX BSI 7 7

On the Ground • ISPAT • Canadian Embassy / Consulate • Turkish Embassy / Consulate • Canada-Turkey Business Council • Turkey-Canada Business Council (DEIK) • Export Development Canada • Law and Accounting firms • Regional Development Agencies • Organized Industrial Zones • Chambers of Industry / Commerce • Industrial Associations 8

Iskenderun Plant 9

Iskenderun Plant - Waelz Kiln 10

The Zinc Cycle Sale EAF Steel Zinc Steel Dust BST Waelz Oxide Mills Smelters Zinc Coated EAF Dust Scrap Product Zinc Sheets, cars & Mill EAF BST Construction Cycle Cycle Galvanizing Zinc Smelter 11

EAFD Recycling Process 12

EAFD Recycling Process 13

EAFD Recycling Process EAFD Double Washed WOX Ferrosita 14

Zinc Market 15

Thank you for your interest! 16