POWERING THE VANADIUM REVOLUTION Corporate Presentation December - PowerPoint PPT Presentation

“POWERING THE VANADIUM REVOLUTION” Corporate Presentation – December 2018 TSX-V: GLV

FORWARD LOOKING STATEMENTS This Presentation includes, and is based on, forward- looking information and statements including “Forward - Looking Statements” w ithin the meaning of the United States Private Securities Litigation Reform Act. These Forward-Looking Statements include references to or assumptions regarding future prices or demand for vanadium, accuracy of mineral or resource exploration activity, the existence of reserves or resources, regulatory or government requirements or approvals, access to third party information and continued access to mineral properties or infrastructure. The w ords “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “fast”, “forecast”, “may”, “schedule”, “strategy” and similar words or exp ressions identify forward-looking information and statements. Forward looking statements are subject to risks and uncertainties that could cause actual results and outcomes to differ. These risks and uncertainties include, but are not limited to, economic conditions globally, the impact of competition, political and economic developments in the countries in which the Company operates, fluctuations in the margins for the Company’s product, economic and market co nditions in the geographic areas and industries that are or could be major markets for the Company’s business, vanadium and uranium prices and market fl uctuations, changes in governmental regulations, interest rates, accuracy of mineral or resource exploration activity, the possibility regulatory or government requirements or approvals will not be obtained, access to third party information, access to mineral properties or infrastructure, currency risks including the exchange rate of the USD$ for the CDN$, changes in exploration costs and government royalties or taxes in Canada or USA, disputes with indigenous peoples or other stakeholders and such other factors as may be discussed from time to time. Although the Company believes that its expectations and the information in this Presentation are based upon reasonable assumptions at the time when they are made, it can give no assurance that those expectations will be achieved or that the actual outcomes or results will be as set out in this Presentation. The Company is not making any representation or warranty, expressed or implied, as to the accuracy, reliability or completeness of the information in the Presentation, and neither the Company nor any of its directors, officers or employees will have any liability to the reader or any other persons resulting from the reader's use of the information in the Presentation. The Company undertakes no obligation to publicly update or revise any forward-looking information or statements in the Presentation. The reader should consult any further disclosure the Company may make in documents it files with applicable securities regulators. This Presentation is intended for educational and informational purposes only and does not replace independent professional judgment. Statements of fact and opinions expressed are those of the participants individually. The information is not designed to provide financial, tax planning, accounting, investment, business or legal advice in any way whatsoever. The reader should consult with a lawyer, accountant and other professionals in respect of the contents hereof. Furthermore, the information in no way should be construed or interpreted as, or as a part of, an offering of, or a solicitation for the purchase of, securities. Investors are advised to discuss any trading with a registered securities broker or personal finance professional prior to investing. The technical information contained in this presentation has been reviewed and approved by Adrian Smith, B.Sc., P.Geo., a Qualified Person as that term is defined in National Instrument 43-101. TSX-V: GLV

OUR VISION AND STRATEGY Identify Market Identify Value Execution Vanadium undergoing Acquired past producing Building strong team to industrial revolution Vanadium assets execute strategy Multi-year growth forecast for Significant scalability and Path to production with simple Vanadium and Uranium abundant high-grade metallurgy, no new technology sedimentary hosted vanadium required TSX-V: GLV

VANADIUM IN UTAH DESERT EAGLE PROJECT  2,004 Acre premium land package in well known Vanadium district  Wide-spread historic Vanadium and Uranium production  Underground workings were up to 28.2% V 2 0 5 (Vanadium Pentoxide)  2.8km long trend of high grade Vanadium UTAH mineralization outcropping on the property  Intensively mined for Vanadium and  Historically developed for Uranium- Uranium since 1909 Vanadium however significant occurrences UTAH of Vanadium exist with little to no Uranium  Morrison formation (present on Desert Eagle property) is the principle domestic  Multiple ore types present on property, Project source for Vanadium for the USA  Vanadium-rich sandstones  Vanadium-rich shale  Significant occurrences of high -  Vanadium-rich mudstone grade Vanadium exist with low  Vanadium > Uranium Mineralization Uranium content  Completed 43-101 Technical Report  Mining friendly state TSX-V: GLV

ABUNDANT VANADIUM ACROSS PROPERTY DESERT EAGLE PROJECT Vanadium in grey Vanadium – Uranium sandstone: Sandstone: 1.33% V 2 O 5 3.06% V 2 O 5 Vanadium in Vanadium dark carbonaceous sandstone: carbonaceous mudstone: 6.12% V 2 O 5 0.78% V 2 O 5 Vanadium in shale: 0.32% V 2 O 5 2018 Global Vanadium field work and results TSX-V: GLV

EXPANDING ON PAST PRODUCTION Vanadium hosted in flat lying sediment – open and easy to follow 3 Up to 4.28% V 2 O 5 Small scale historic production DID NOT MINE OUT 8 Vanadium mineralization in this district DESERT EAGLE PROJECT 1 Kilometre Up to 28.2% V 2 O 5 TSX-V: GLV

EXPANDING ON PAST PRODUCTION 12 Up to 11.03% V 2 O 5  Extensive past production - significant expansion potential  Previous operators focused on Uranium, where significant potential to DESERT EAGLE PROJECT develop based on high grade primary Vanadium  High grades of Vanadium present across project area 1 Kilometre  Many undeveloped areas where vanadium is present on surface TSX-V: GLV

VANADIUM-REDOX-FLOW (VRB) BATTERIES How do Vanadium batteries stack up? DISCHARGES 100% OF THE STORED ENERGY AND DOES NOT DEGRADE FOR MORE THAN 20 YEARS ONE THIRD THE COST OF LITHIUM ENERGY STORAGE BATTERIES VRB (or V-flow) batteries outcompete Li-ion and any other solid batteries, for utility-scale applications  They’re safer (no overheating issues) CAN RAPIDLY RELEASE LARGE  Better scalability (increasing size increases AMOUNTS OF ELECTRICITY load capacity)  Longer-lasting (possibly limitless)  Cheaper - less than half the cost per kWh (pays off in the long run) MUCH SAFER WHILE PROVIDING BETTER SCALABILITY Source: Metal Bulletin (Price range to-date) Nov 2018 TSX-V: GLV

VANADIUM IN THE STEEL INDUSTRY  Vanadium is a STRATEGIC mineral  Critical to steel industry  90% of Vanadium produced is used in steel production  Growing market share being taken by storage battery technology  Vanadium provides steel high temperature strength and lowers weight in  Rebar, Pipelines, Jet engines  Car frames (safer, lighter, more fuel efficient)  Makes one of the strongest alloys on earth  Main producers of Vanadium  China, South Africa, Russia STRENGTHENS STEEL CREATING  USA not producing, but has major reserves in UTAH SAFER BUILDINGS  Supply and Demand pressures pushed Vanadium prices up over 5 fold in the last 2.5 years  Supply Pressure: Mine shutdowns in China and South Africa; ban on scrap  Demand Pressures: Synched healthy global economics will see steady demand for steel and consequently vanadium; Chinese and US gov’t policy changes – rebar strengthening, fuel efficiencies in auto sector, protectionism REDUCES WEIGHT RESULTING IN MORE FUEL EFFICIENT CARS TSX-V: GLV

VANADIUM MARKET DATA SUPPLY AND DEMAND PRESSURES ARE CREATING A PERFECT STORM  Tightening global inventories, mining shutting down due to tightening environmental policies (China)  Reduced number of suppliers and increased demand from development of green technologies and increased safety concerns building higher towers and creating safer more fuel efficient lighter stronger cars  Demand exceeding supply projected to continue through 2020, positive long term trends  New primary mined vanadium capacity will need to come on line, USA will become major producer by reactivating closed operations Source: Metal Bulletin (Price range to-date) Nov 2018 TSX-V: GLV

SHARE STRUCTURE STRUCTURE TSX.V – SYMBOL: GLV.H SHARE PRICE (November 2018) $0.25 SHARES OUTSTANDING: 17,656,880 WARRANTS @ $0.12: 5,300,000 OPTIONS: $0.165 1,750,000 FULLY DILUTED 24,706,880 MARKET CAPITALIZATION: $4.25 MILLION Proposed Financing: 10,000,000 Shares @ $0.20 Full Warrant @ $0.40 TSX-V: GLV