Hertz Energy Inc. · CSE:HZ
Hertz Energy — Investor Presentation (October 2026)
58 slides from Hertz Energy's investor presentation, October 2026
Slide 1: The Critical-Minerals Trifecta
THE CRITICAL-MINERALS TRIFECTA T HE CRITICAL-MINERALS TRIFECTA H ARD TO REPLACE, V UL N E R A B L E TO S UP PL Y DIS RUPTIONS , DEMAND RISING AT T H E SAME TIME , EACH E S S E N T IA L AND T OGE TH E R - T H E Y S I T AT T H E INTE RS EC TION OF ENERGY TRANSITION, MILITARY SECURITY, MODERN TECHNOLOG
Slide 2: Four projects, four critical metals
Four projects, four critical metals Silver leads; antimony and tungsten follow; lithium adds optionality Sb-W-Au Ag-Pb-Zn Sb-Au Lithium Lake George Craig Silver Harriman Agastya Tungmony New Brunswick Yukon Québec (Gaspé) Québec (James Bay) 202 claims, ~13 km strike Option to acquire 100%. 2,500+ ha
Slide 3: Disclaimer - Forward Looking Statements
DISCLAIMER - Forward Looking Statements D I S C L A I M E R - Forward Looking Statements Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the owners and stakeholders of Hertz Energy Inc. (th
Slide 4: Overview - Critical Mineral Focus with Optionality
OVERVIEW - Critical Mineral Focus with Optionality for Different Minerals in Different Prospective Parts of Canada O V E R V I E W - Critical Mineral Focus with Optionality for Different Minerals in Different Prospective Parts of Canada Hertz Energy significant asset portfolio of properties, located
Slide 5: Antimony & Tungsten - New Brunswick
ANTIMONY & TUNGSTEN N E W BRUNSW ICK H E R T Z ENERGY IS FOCUSED ON DEVELOPING ANTIMONY AND TU NGSTEN PROJECTS IN NORTH AMERICA, PRIMARILY THROUGH ITS STRATEGICALLY POSITIONED LAKE GEORGE TUNGMONY PROJECT IN N E W BR U NSW IC K AND HARRIMAN PROJECT IN QUEBEC, B OTH ARE LOCATED IN MINERAL RICH GEOLOG
Slide 6: Developing an Antimony and Tungsten Project in New Brunswick
DEVELOPING AN ANTIMONY AND TUNGSTEN PROJECT IN NEW BRUNSWICK SURROUNDING NORTH AMERICA’S LARGEST PAST PRODUCING LAKE GEORGE ANTIMONY MINE DEVELOPING AN ANTIMONY AND TU NGSTEN PROJECT IN N E W B RU N SW I CK SURROUNDING NORTH AMERICA’S LARGEST PAST PRODUCING LA KE GEORGE ANTIMONY MINE CORPORATE PRESE
Slide 7: Strategic Antimony-Tungsten Claims in Tier-1 Location
S t ra t e g i c A n t i m o n y - T u n g s t e n C l a i m s in Tie r-1 L o c a t i o n Hertz Energy’s ‘Tungmony’ Project hosts 202 mineral claims spanning ~44 km² surrounding the former Lake George Antimony Mine, Canada’s largest past-producing antimony mine which is being developed by Agnico Eag
Slide 8: District Context and Nearby Projects
DISTRICT CONTEXT AND NEARBY PROJECTS Lake George falls within a metallogenic belt that also hosts Sisson (Sisson Brook / Sisson North) and Mount Pleasant — major regional tungsten ± Mo deposits and targets. This regional context supports prospectivity for additional tungsten occurrences and possibly
Slide 9: Lake George Tungmony Project - Well Located Land Package
LAKE GEORGE TUNGMONY PROJECT, New Brunswick - Surrounding North America’s Largest Historical Antimony Producer LAKE GEORGE TUNGMONY PROJECT, New Brunswick - Surrounding North America’s Largest Historical Antimony Producer W E L L LOCAT ED LAN D PAC KAG E – • 100% owned exploration stage Sb-Au projec
Slide 10: Lake George Tungmony - Tungsten Showings
LAKE GEORGE TUNGMONY PROJECT, New Brunswick - Surrounding North America’s Largest Historical Antimony Producer LAKE GEORGE TUNGMONY PROJECT, New Brunswick - Surrounding North America’s Largest Historical Antimony Producer HERTZ – LAKE GEORGE CLAIMS SURROUND & ENCOMPASS CANADA’S LARGEST PAST PRODUCIN
Slide 11: Region of Tungsten (Scheelite) Mineralization
LAKE GEORGE TUNGMONY PROJECT, New Brunswick - Region of Tungsten (Scheelite) Mineralization LAKE GEORGE TUNGMONY PROJECT, New Brunswick - Region of Tungsten (Scheelite) Mineralization 2 OUT O F CANADA’S 9 TU NGSTEN DE P OSI TS A ND P R O SP E C T S WIT H MIN ERA L R E S O U R C E ESTIMATES A R E L O
Slide 12: Past Producing Lake George Mine
LAKE GEORGE TUNGMONY PROJECT, New Brunswick - Surrounding North America’s Largest Historical Antimony Producer LAKE GEORGE TUNGMONY PROJECT, New Brunswick - Surrounding North America’s Largest Historical Antimony Producer P AS T P R O DU C IN G L A K E G E O R G E MINE - The Lake George mine site in
Slide 13: Geological Potential
LAKE GEORGE TUNGMONY PROJECT, New Brunswick - Surrounding North America’s Largest Historical Antimony Producer LAKE GEORGE TUNGMONY PROJECT, New Brunswick - Surrounding North America’s Largest Historical Antimony Producer GEOLOGICAL POTENTIAL - Property lies along favourable geological structures, i
Slide 14: Favourable Geological Setting
LAKE GEORGE TUNGMONY PROJECT, New Brunswick - Surrounding North America’s Largest Historical Antimony Producer LAKE GEORGE TUNGMONY PROJECT, New Brunswick - Surrounding North America’s Largest Historical Antimony Producer F AV OU RAB LE GEOLO GICAL SETTING - D I S TR I C T - S C A L E A N T I M O N
Slide 15: Heliborne High-Resolution Magnetic and VLF-EM Survey
HELIBORNE HIGH-RESOLUTION MAGNETIC AND VLF-EM SURVEY • Very high-resolution helicopter-borne magnetic and Very Low Frequency Electromagnetic (VLF-EM) survey • Survey with a 50 m line spacing and sensor height draped 15-20 m over the topography • Total survey includes 1,173-line km CORPORATE PRESENTA
Slide 16: Target Results from 2026 Airborne Survey - Magnetics
TARGET RESULTS FROM 2026 AIRBORNE SURVEY - MAGNETICS The regional magnetic data define a prominent NE– SW-trending geological and structural fabric that Lake George Mineralization broadly delineates the contact between the (Updip Projection) magnetically higher granite-dominated domain to the north
Slide 17: Target Results from 2026 Airborne Survey - VLF-EM
TARGET RESULTS FROM 2026 AIRBORNE SURVEY – VLF-EM The VLF-EM survey identified a complex structural network characterized by two principal orientations: NE– SW and N–S to NNW–SSE. Lake George Mineralization (Updip Projection) The NE–SW conductors broadly parallel the dominant regional magnetic fabri
Slide 18: Target Results from 2026 Airborne Survey - Topography
TARGET RESULTS FROM 2026 AIRBORNE SURVEY - TOPOGRAPHY Topo high features identified are possibly due to increased silicification, suggesting that these topographic highs are resistant, silica-altered, making Lake George Mineralization it more resistant to erosion and therefore (Updip Projection) top
Slide 19: Mapping and Prospecting Program - 2026
MAPPING AND PROSPECTING PROGRAM - 2026 • Ongoing mapping and prospecting program. The samples collected so far originate from outcrop and float. Of significance to date include; sample containing copper mineralization (chalcopyrite as well as malachite), a sample containing some trace copper mineral
Slide 20: Planned Soil Sampling Program
PLANNED SOIL SAMPLING PROGRAM Surficial Sampling over Hertz’s Claims IOS Geosciences (Quaternary Geology Experts) will supervise the program, bringing specialized expertise in Quaternary geology and glacial dispersion processes. Survey based on detrital dispersion, either by collecting material from
Slide 21: Advisors & Cooperative Research with New Brunswick University
ADVISORS & COOPERATIVE RESEARCH COOPERATIVE RESEARCHERS WITH NEW BRUNSWICK UNIVERSITY COOPERATIVE RESEARCHE RS W I TH N E W BRU NSWICK UNIVERSITY DAVID LENTZ COOPERATIVE RESEARCH David R. Lentz (PhD, PGeo, FGC) currently holds a UNB Research Chair in Economic Geology in the Department of Earth Scien
Slide 22: Advancing the District Scale, High-Grade Craig Silver Project in Yukon's Rackla Belt
ADVANCING THE DISTRICT SCALE, HIGH-GRADE CRAIG SILVER PROJECT IN YUKON’S RACKLA BELT ADVANCING T HE DISTRICT SCALE, HIGH-G R A D E CRAIG SILVER P R O J E C T IN Y U K O N ’ S R A C K L A B E L T (CSE: HZ ) (OTCQB: HZ LIF) (FSE: QE2 ) CORPORATE PRESENTATION Q1 2026 CORPORATE PRESENTATION Q1 2026
Slide 23: Silver - Yukon, Rackla Belt
SILVER YUKON , R A C K L A B E L T H E R T Z ENERGY IS ADVANCING IT’S NEWLY ACQUIRED C R A I G S I L V E R P R O J E C T ; A CONSOLIDATED LAND PACKAGE INCLUDING T HE CRAG AND ROD PR OPERTIES, AND HIGH-GRADE CRAIG SILVER-LEAD-ZINC DEPOSIT. HIGH-QUALITY, ECONOMICALLY MINEABLE SILVER DEPOSITS ARE RELAT
Slide 24: There's No Substitute for Silver
THERE’S NO SUBSTITUTE FOR SILVER TH ER E’S N O S U B S T I T U T E FOR SILVER Silver is critical due to its unique properties as the single most electrically conductive metal, making substitution nearly impossible The global silver market is currentl y experiencing it s 5 t h c o ns e c ut i v e yea
Slide 25: Rackla Belt - District Scale Exploration
RACKALA BELT – DISTRICT SCALE EXPLORATION • The Project lies at the centre of the Rackla Belt, a roughly 20 by 180 km belt comprising numerous mineral occurrences and deposits of varying affinities. • Deposit types include skarn, base metal and gold carbonate replacement (CRD), Mississippi Valley Ty
Slide 26: Craig Project, Yukon - Rare and Valuable Silver Asset
CRAIG PROJECT, YUKON - Combination of high-grade, rich polymetallic zones and scale creates a rare and valuable silver asset CRAIG PROJECT, YUKON - Combination of high-grade, rich polymetallic zones and scale creates a rare and valuable silver asset R E C E N T L Y 100% O P T I O N E D H IG H- G R A
Slide 27: Location - Yukon - Underexplored
LOCATION – YUKON - UNDEREXPLORED • The Project is located at latitude 64009΄ north and longitude 133024΄ west on NTS map sheets 106C/03 and 04 within the Mayo Mining District. • Large consolidated land package covering ~66 Nadaleen Zone kilometres of strike • Road accessible up to Keno Hill. Nearby
Slide 28: Corporate Presentation Q3 2026
CORPORATE PRESENTATION Q3 2026
Slide 29: Geology - District Scale: Rackla Belt - Crag Carbonate Horizon
GEOLOGY – DISTRICT SCALE: RACKLA BELT – CRAG CARBONATE HORIZON • The Project straddles the Dawson Thrust Fault, which marks the boundary between deep water, dominantly clastic rocks of the Selwyn Basin to the south and shallower water shelf strata of the Mackenzie Platform to the north. The geology
Slide 30: Craig Project - Critical Project for Advancement
CRAIG PROJECT, YUKON - Combination of high-grade, rich polymetallic zones and scale creates a rare and valuable silver asset CRAIG PROJECT, YUKON - Combination of high-grade, rich polymetallic zones and scale creates a rare and valuable silver asset CRITICAL PR O J E C T F O R ADVANC EMENT - High-Gr
Slide 31: District-Scale Silver Opportunity - Crag & Rod Silver Project
DISTRICT-SCALE SILVER OPPORTUNITY - Drill Defined, High-Grade, Tier-1 Jurisdiction on Yukon’s Most Prolific Polymetallic Belt DISTRICT-SCALE SILVER OPPORTUNITY - Drill Defined, High-Grade, Tier-1 Jurisdiction on Yukon’s Most Prolific Polymetallic Belt CRAG & R OD SILVER P ROJ EC T 100% I NTERES T, D
Slide 32: High-Grade Silver at Scale in the Heart of Yukon - Craig Silver Deposit
HIGH-GRADE SILVER AT SCALE IN THE HEART OF YUKON CRAIG SILVER DEPOSIT CRAIG SILVER DEPO SIT The consolidated C r a i g Silver P r o je c t project areas cover over ~31,200 h e c t ar e s in t h e R a c k l a B e l t with multiple known mineralized zones (Craig, Discovery, Trent, Azure, Nadaleen, Sco
Slide 33: Other Zones (Discovery, Trent, Nadaleen)
OTHER DEPOSITS O T H E R Z O N E S ( Dis cov e ry, Tre nt, Na da l e e n ) • Discovery Zone: 6.1 metres @ 27g/t Ag, 1.5% Pb, 22.2% Zn, high zinc content and other shorter intervals also show Ag-Pb-Zn mineralization • Trent Zone: 4.26 metres @ 48g/t Ag, 4.30% Pb, 24.1% Zn, notable base metals with si
Slide 34: Previous Work - Remains Under-Explored
PREVIOUS WORK – REMAINS UNDER-EXPLORED • From initial discovery to 2011, work consisted of airborne magnetic, electromagnetic and radiometric surveying. • Large consolidated land package covering ~66 kilometres of strike. Much of it remains under-explored. • Strategic’s interest in the area was piqu
Slide 35: Craig Deposit - Opportunity to Expand, Significant Intercepts
CRAIG PROJECT, YUKON - Combination of high-grade, rich polymetallic zones and scale creates a rare and valuable silver asset CRAIG PROJECT, YUKON - Combination of high-grade, rich polymetallic zones and scale creates a rare and valuable silver asset OPPORTUNITY TO EXP AND - Historical drilling sugge
Slide 36: Soil Geochemistry - Multiple Target Areas
SOIL GEOCHEMISTRY – MULTIPLE TARGET AREAS The main mineralized zones are enveloped within strongly anomalous silver-lead-zinc soil geochemical anomalies. CORPORATE PRESENTATION Q3 2026
Slide 37: Further Work
FURTHER WORK Further work, including diamond drilling is warranted on the Crag Project to determine the lateral and vertical extents of the Craig Deposit, tenor and geometry of the mineralized body in order to produce an updated mineral resource. Regional Work should include: • Property-wide coverag
Slide 38: High-Grade Silver at Scale in the Heart of Yukon
HIGH-GRADE SILVER AT SCALE IN THE HEART OF YUKON Hertz Energy Inc. (CSE: HZ) (OTCQB: HZLIF) (FSE: QE2) is focused on the exploration and advancement of its 100% interest in the Craig Silver high-grade silver-lead-zinc Project located in east-central Yukon. The Craig Silver Project’s combination of h
Slide 39: Harriman Antimony - Quebec
HARRIMAN ANTIMONY QUEBEC H E R T Z ENERGY IS FOCUSED ON DEVELOPING ANTIMONY AND TU NGSTEN PROJECTS IN NORTH AMERICA, PRIMARILY THROUGH ITS STRATEGICALLY POSITIONED LAKE GEORGE TUNGMONY PROJECT IN N E W BR U NSW IC K AND HARRIMAN PROJECT IN QUEBEC, B OTH ARE LOCATED IN MINERAL RICH GEOLOGICAL ENVIRON
Slide 40: Inter-Provincial Regional Geological Setting
INTER-PROVINCIAL REGIONAL GEOLOGICAL SETTING The regional interprovincial geological setting where the Harriman property may share several similarities with the structural and geological formations of the Lake George and other Antimony deposits known in New Brunswick CORPORATE PRESENTATION Q3 2026
Slide 41: Harriman Project, Québec - Critical Mineral Focus in Gaspé
HARRIMAN PROJECT, Québec - Critical Mineral Focus in Gaspé, Appalachians, Along Major Fault Strategically Positioned Asset with High-Grade Historical Mineralization Shown in Samples S t r at e g i ca ll y P o s i t i o n e d A s s e t w i t h H i g h - G r a de His tor ic al M iner aliz ation S h o
Slide 42: Harriman Project - Well Located Land Package
HARRIMAN PROJECT, Québec - Critical Mineral Focus in Gaspé, Appalachians, Along Major Fault HARRIMAN PROJECT, Québec - Critical Mineral Focus in Gaspé, Appalachians, Along Major Fault W E L L LOCAT ED LAN D PAC KAG E - HISTORICAL SHOWINGS Historical high-grade stibnite Harriman property is an explor
Slide 43: Harriman Project - Prospecting Results
HARRIMAN PROJECT, Québec - Critical Mineral Focus in Gaspé, Appalachians, Along Major Fault HARRIMAN PROJECT, Québec - Critical Mineral Focus in Gaspé, Appalachians, Along Major Fault PROSPECTING RESULTS - During 7 days of prospection, 190.5 km of ATV trails and 13.5 km on foot were 2 02 4 E X P L O
Slide 44: Harriman Project - Soil Sampling Test Line
HARRIMAN PROJECT, Québec - Critical Mineral Focus in Gaspé, Appalachians, Along Major Fault HARRIMAN PROJECT, Québec - Critical Mineral Focus in Gaspé, Appalachians, Along Major Fault S O I L S A M P L I N G T E S T L I N E - Proven to detect Sb mineralization 2024 soil sampling test line aimed to e
Slide 45: Harriman Project - Geophysics: IP & Magnetic Program
HARRIMAN PROJECT, Québec - Critical Mineral Focus in Gaspé, Appalachians, Along Major Fault HARRIMAN PROJECT, Québec - Critical Mineral Focus in Gaspé, Appalachians, Along Major Fault G EOP HYS ICS : IP & MAGNETIC S P R OG R AM - Hertz Energy has contracted Geophysics TMC to conduct line cutting, gr
Slide 46: Harriman - Work Completed by Hertz
HARRIMAN – WORK COMPLETED BY HERTZ Prospecting: Eight days of prospecting (20 samples); Grab samples identified 2 areas of interest, which included 2.17 g/t Au and 1.13 g/t Au. Best antimony results were 24.57 ppm Sb, which is 40x the background level Soil Sampling Completed 1 test soil sampling lin
Slide 47: Ground Surveys by Hertz
GROUND SURVEYS BY HERTZ Stream Sediment Sampling: yielded several interesting anomalies enriched in Au, Sb, Ag, As and possibly Pb located at the head of a small Prospecting results: Confirmed existing Sb and Au showings stream with no known occurrence in its along with As, Mo, Bi, Pb and S watershe
Slide 48: Harriman Summary - Untested Antimony-Gold System
HARRIMAN SUMMARY – UNTESTED ANTIMONY-GOLD SYSTEM • Regional favourable geology and structures for Sb and Sb-Au • Easy access, located 16 km north of New Richmond in the Gaspé. • Property covers 12 km by 2 km of favourable geology • Contains gold and antimony showings on the property oriented in a NN
Slide 49: Lithium - Quebec
L I T HI UM QUEBEC H E R T Z ENERGY IS ADVANCING A KEY LI TH I U M PROJECT AND HOLDS A LONG-TERM, EXCLUSIVE LICENSE FOR A PATENT-PENDING PROCESS FOR EXTRACTING LI TH I U M DIRECTLY FROM LIT HIU M - BEARING MATERIALS, INCLUDING ALPHA-SPODU M ENE AND OTH E R HARD ROCK H OSTED MINERALS CORPORATE PRESEN
Slide 50: Agastya Lithium Project - Multiple Remote Sensing Targets
AGASTYA LITHIUM PROJECT, Québec - Multiple Remote Sensing Targets in Attractive Belt AGASTYA LITHIUM PROJECT, Québec - Multiple Remote Sensing Targets in Attractive Belt W E L L LOCAT ED LAN D PAC KAG E - The Agastya Lithium Project in Québec is located in a well-known region for SITU ATE D O N A R
Slide 51: Agastya Lithium Project - Strategic Claims Package
AGASTYA LITHIUM PROJECT, Québec - Strategic Claims Package AGASTYA LITHIUM PROJECT, Québec - Strategic Claims Package W E L L L O C A T E D A GA S TY A LITHIUM L A N D P A C K A G E S U R R O U ND I N G LI-F T P R O J E C T C LA IM S RECE NT NEWS: LI-F T P OWER AGREES TO COMBINE W I T H WINSO ME RES
Slide 52: Agastya Lithium Project - Proximity to High-Grade LCT Peers
AGASTYA LITHIUM PROJECT, Québec - Large-Scale, Strategically Positioned Property with Proximity to High-Grade LCT Peers AGASTYA LITHIUM PROJECT, Québec - Large-Scale, Strategically Positioned Property with Proximity to High-Grade LCT Peers S ITU ATED O N A R E C OG N I ZE D B EL T N EA R M A J O R D
Slide 53: Agastya - Galinée Project Prospects
AGASTYA LITHIUM PROJECT, Québec - Large-Scale, Strategically Positioned Property with Proximity to High-Grade LCT Peers AGASTYA LITHIUM PROJECT, Québec - Large-Scale, Strategically Positioned Property with Proximity to High-Grade LCT Peers G AL I NÉ E P R O J E C T D IS P L AY S M UL TIPLE W E L L -
Slide 54: Capital Structure - Structured for Strategic Optionality
CAPITAL STRUCTURE - Structured for Strategic Optionality Backed by seasoned management and prime mining assets, Hertz Energy is positioned to meet and capitalize on the increasing global demand for critical minerals and energy, developing key, strategic projects while creating exceptional value for
Slide 55: Management and technical team
Management and technical team Capital-markets experience paired with discovery-track geologists Kal Malhi Natasha Tsai Paul Ténière, P.Geo. CEO & Director CFO Technical Advisor $300M+ raised across startups; CPA, CA; former CFO of a junior miner 25+ years; NI 43-101 and S-K 1300 founder of Bullrun C
Slide 56: Capital structure and current financing
Capital structure and current financing Non-brokered private placement, up to $1.6M gross; closing by October 30, 2026 Each unit includes one warrant at $0.30 for 24 months, 18.9M 25.9M accelerable if the stock closes at or above $0.50 for 24 trading days. Four-month hold applies. No minimum. Shares
Slide 57: Term Sheet
Term Sheet Issuer: Hertz Energy Inc. (the “Company”). Offering: Non-brokered private placement (the “Offering”) of: (i) up to 1,664,150 charity flow-through units (the “Lake George CFT Units”); (ii) up to 1,665,600 charity flow-through units (the “Craig CFT Units” and, together with the Lake George
Slide 58: Contact
CONTACT - CONTACT - K A L M A L H I , CEO & DIRECTOR [email protected] CORPORATE PRESENTATION Q1 2026 5 8