Exhibit 99.2

Unit References: $: U.S. Dollars t: metric tonnes Mt: million metric tonnes

• Vivian Sand Project is a large, continuous high purity, low cost silica deposit with low impact silica extraction and beneficiation processes without harmful chemicals • 99.91% (1) purity silica consistent throughout the entire deposit, following a minimal cost beneficiation process Asset • Sio Silica is developing its 100% owned Vivian Sand high purity silica project located southeast of Winnipeg, Canada • Compelling economics supported by customer offtake agreement/MOU and marketing agreement Company • Silica with high purity above 99.9% is critical to energy transition and strategic industries • Sio expects to produce high purity silica, with applications across many established and emerging industries including semi - conductors, solar panels, and lithium - silicon battery technology Product 1. After water wash and magnetic separation.

99.86% 99.91% Natural Purity Purity After Magnetic Separation $30 bn TAM by 2030 Source: BRU 2023 TRS, DEN 2023 TRS, management estimates, Sio 2020 Sustainability Report, Sio 2021 Sustainability Report, Sio 2022 Sustainability Report 1. Natural purity after water wash. 2. Phase 1 capital, see BRU 2023 TRS. 2022 ESG Report Published x No open pit, no dust, no trace x No heavy machinery, no truck traffic x No harmful chemicals x No water waste

FEISAL SOMJI, B.SC., MBA PRESIDENT & CEO, FOUNDING DIRECTOR • • TODD HIRTLE, CPA, CA CFO • • BRENT BULLEN, B.COMM., MBA COO & DIRECTOR • • LAURA WEEDEN, P.ENG VP OPERATIONS • • THOMAS BUCHANAN CHAIRMAN • • • ROBERT STAN DIRECTOR • • • CAROLYN MOORE - ROBIN DIRECTOR • • DAVID FILMON, K.C. DIRECTOR • • • MICHAEL PYLE, MBA, ICD.D . DIRECTOR • • •

$80 mm $40 mm $31 mm • energy, infrastructure and energy transition over $2 billion • over 60 companies • up to $80 mm debt backstop facility STEN L. GUSTAFSON CEO • • • DR. BERNARD DUROC - DANNER CHAIRMAN • • • Steve Webster & Other Investors Debt Backstop Up to Royalty (2) • Leading North American royalty company ▪ Royalty interests spanning multiple provinces and states 300 industry operators • wholly - owned by large Canadian pension fund ▪ • Sio shareholders, Pyrophyte, Steve Webster and select investors • Flow - Through equity 1. Indications of interest are non - binding and no assurance can be given that any such indicated investment will be consummated for the full amount or at all. 2. Includes $30 mm committed by well known royalty partners as well as $10 mm from a royalty company with a focus on decarboniza tio n projects and existing Sio shareholders. 60+ $2 bn delivering growth support of a variety of energy transition solutions Existing Investors; PIPE and Flow - Through Equity

Phase 1 Fully Permitted Phase 1 Construction Ready Enterprise Value of $708 mm, reflecting an ~80% discount 1H Phase 1 to be fully permitted and capex expected to be fully funded ▪ Sio will be cash flow positive once Phase 1 construction is completed and operations have commenced (expected less than 18 months post - close) ▪ to be funded internally operating cash flow ▪ fully - permitted ▪ 100% of the construction capital indicated rapidly and securely deliver highly - demanded high purity silica to key sectors 100% Phase 1 Production Allocated Source: BRU 2023 TRS, DEN 2023 TRS 1. Pro - forma enterprise value build on slide 34. 2. BRU property and DEN property combined NPV at 10% discount rate. 3. Emerging Lithium Producers include: Core Lithium, Lithium Argentina, Sayona , and Sigma Lithium. 4. Specialty Materials Producers include: IGO (lithium), Lynas (rare earth), MP Materials (rare earth), and Pilbara (lithium). 5. After water wash. 6. 100% phase 1 production allocated through offtake agreement/MOU and marketing agreement. Expected Project Status at Transaction Close P P P P Phase 1 Construction Fully Funded

Low Quality Glass Rubber Agriculture & Food Coatings, Adhesive, Sealants Foundation Sand Energy Source: Allied Market Research, BRU 2023 TRS, Data Bridge Market Research, DEN 2023 TRS, management estimates, Marketwatch , Verified Market Research 1. Average across segments. 2. After water wash. ~$30 bn TAM by 2030; 7.5% Annual Growth Source Beneficiation Silicon Product Select End Products (1)

Source: BRU 2023 TRS, DEN 2023 TRS, management estimates 1. Cost breakdown on slide 27, extraction & processing costs including water wash cost are expected to be $20.68/t. 2. Patent pending novel application of proven technology. Beneficiation: ~$95 - 110/t Beneficiation: $0.55/t

Price Ultra High Purity (99.999%+) $1,000+/t Industrial Grade (95 – 99%) Sio Target Market Purity Sio’s silica is naturally occurring at 99.86% purity after water wash and will reach 99.91% purity after a simple magnetic separation process absent of harmful chemicals ▪ Further beneficiation testing has shown results above 99.995% (4N) purity reaching 99.9986% Sio is targeting the high purity segment of the silica market with end products such as semiconductors, solar panels, and lithium - silicon battery technology ▪ Significantly higher product sale price and margins compared to industrial silica products Major upcoming semiconductor investments in North America driving domestic demand growth catalyzed by new regulatory changes 70% of each commercial solar panel comprises glass sheeting made from high purity silica ▪ Estimated 200 kt of high purity silica is needed for 1GW of new solar capacity Decarbonization / energy transition projects are expected to drive long term growth in demand for high purity silica ▪ Use of silica in battery developments pushing for higher density battery, quick charge and higher cycle life without battery breakdown drives greater high purity silica demand 99.91% Source: BRU 2023 TRS, DEN 2023 TRS, management estimates 1. BRU 2023 TRS first 5 years minegate pricing, TRS pricing based on offtake MOUs and marketing agreement. 2. Purity achieved with further beneficiation. $4,000+/t Super High Purity (99.995%+) <$50/t 99.9986% (2) $100 - $250+/t High Purity (99.9 - 99.99%) Sio TRS Economic Model: $172/t (1)

Sio Positioned to Become One of the Lowest Cost Suppliers of High Purity Silica to APAC Source: Accenture, BRU 2023 TRS, DEN 2023 TRS, management estimates Note: Stantec TRS USD/CAD exchange ratio of 1.30x. 1. To reach >99.90% purity. 2. BRU 2023 TRS, DEN 2023 TRS; year 2 onward. 3. Includes extraction, slurry transport, wet processing, dry processing and labor & insurance. 4. Magnetic separation cost ($0.55/t). Despite close proximity to the Asian markets, Australian supply has low purity and requires costly beneficiation process ▪ Offtake agreement and MOU in place with APAC customers expected to support robust immediate cash flow as North American market grows Higher transportation costs offset by nominal beneficiation cost Sio’s Total Cost: ~$87/t Sio (2) Competitors Costs (1) ~$21/t (3) ~$25/t Extraction & Processing ~$65/t ~$35/t Transportation ~$1/t (4) ~$100/t Beneficiation ~$87/t ~$160/t Total

Sio Positioned to Become One of the Lowest Cost Producers of High Purity Silica in The World Locations MB GA Junction City (Covia) Winnipeg (Sio) Rockwood (U.S. Silica) MI Source: BRU 2023 TRS, DEN 2023 TRS, management estimates Note: Recovery % represents amount extracted as a % of raw mined. 1. BRU production expected to begin 2026; DEN production expected to begin 2028. 2. BRU 2023 TRS, inclusive of Phase 1 & Phase 2, Note: Phase 2 extraction permit application expected to follow successful opera tio n of Phase 1. 3. Measured and indicated resources only (BRU 2023 TRS); inferred resources of 91.9 Mt at BRU Property. 4. BRU 2023 TRS, 1.34 Mtpa for Phase 1 and additional 1.34 Mtpa for Phase 2. 5. Measured and indicated resources only (DEN 2023 TRS); inferred resources of 252.7 Mt at DEN Property. 6. Creating Helpful Incentives to Produce Semiconductors and Science Act of 2022. 7. Inflation Reduction Act. ▪ ▪ Current North American supply dynamics unable to meet growing demand catalyzed by regulatory conditions Potentially reaching 100+ years of mine life with inferred mineral resource conversion

Domestic production of silicon based chips is key to national security and preventing supply chain issues Only 12% of global chip demand are currently manufactured in the U.S., compared to 37% in the 1990s Shortages of semiconductors dented U.S. economic growth by nearly a quarter - trillion dollars in 2021 Companies to receive a 25% tax credit for investments in semiconductor manufacturing and processing equipment, providing $24 billion for business over 5 years $50 billion over 5 years to expand semiconductor manufacturing, $11 billion for advanced R&D and $39 billion to drive domestic production ~$370 billion in clean energy and decarbonization investment, to enhance U.S. energy security and spur development of domestic energy production and storage supply chain Installation of 950 million solar panels, 120,000 wind turbines, and 2,300 grid - scale battery energy storage plants by 2030 Supports ~$28 billion new manufacturing investments by corporations in the electric vehicle, battery, and solar manufacturing sectors post the signing of the IRA Wood Mackenzie forecasts renewable energy investments to total $1.2 trillion by 2035, solar energy investment will increase by two - thirds because of the law Source: Business Korea, CNBC, company disclosure, New York Times, regulatory disclosure, Reuters, The Wall Street Journal

Semiconductors Solar Energy Lithium - Silicon Battery Technology Source: Bloomberg, BRU 2023 TRS, company filings, DEN 2023 TRS, management estimates, Mckinsey • Lithium - silicon batteries expected to hold 50% more charge vs traditional graphite anode batteries with significantly faster charging time • Solar power generation growing 14% annually 2020 - 2030 • North American photovoltaic market to reach $121 bn by 2027, growing at 22% CAGR • Global market projected to grow from $600 billion in 2021 to over $1 trillion by 2030, at a CAGR of 6 - 8% Growth • Investment by legacy automakers to advance silicon based battery research & development • Inflation Reduction Act driving investment in the U.S. • North American manufacturing bolstered by a new wave of funding provided by the CHIPS act Catalyst • $400 mm Series C funding for Group14 led by Porsche • Sila Nano to construct a new battery material factory to support production of up to 500,000 EVs • First Solar investing $1 bn in U.S. manufacturing facility • GlobalFoundries, Intel, Samsung, TSMC, and TI have announced new semiconductor production facilities in the U.S. Activity • ≥99.9% • ≥99.9% • ≥99.9% Purity Requirements • Undergoing product testing for ultra high purity suitable for battery technology implementation • MOU signed with RCT Solutions for the building of North America’s largest solar panel plant in Manitoba, a $3 bn investment • In early conceptual design and implementation talks with largest integrated solar glass manufacturer outside of China • Sio currently has an offtake agreement and an offtake MOU with two semiconductor companies

Generational High Purity Asset Supported with Offtake Agreement/MOU and Marketing Agreement Capex Fully Funded & Low Capital Intensity Project with Robust Economics Logistical and Rail Advantage Internationally Recognized Partners ESG Leader Forging an Environmentally Friendly Future Source: BRU 2023 TRS, DEN 2023 TRS 1. BRU 2023 TRS, DEN 2023 TRS. 2. BRU production expected to begin 2026; DEN production expected to begin 2028. 3. Both BRU and DEN properties. 4. BRU property only.

▪ ▪ ▪ Note: Events without checkmark anticipated to occur. 1. Based on management estimates as of Oct 2023. 2. Manitoba Clean Environment Commission. 3. Phase 2 permit expected Q3 2025 following successful operation of Phase 1. Milestones Date P BRU & DEN TR Summary Refreshed Oct ‘23 P 2022 Sustainability Report Published Aug ’23 P CEC Report Completed Jun ’23 P Offtake Agreement Signed May ’23 P BRU & DEN Updated TR Summary May ’23 P CEC (2) Hearing Complete Mar ’23 P RCT Partnership MOU Signed Feb ’23 P 2021 Sustainability Report Published Nov ’22 P Marketing Agreement Signed Nov ’22 P MOU#2 Signed Sep ’22 P Geo Technical Report Completed Jan ‘22 P Facility Use Permit Received Dec ’21 P Drilling Partnership Confirmed Aug ’21 P MOU#1 Signed Jun ’21 P Facility Process Design Completed Apr ‘21

0.5 0.5 0.8 1.3 1.1 2.4 0.7 3.1 2.2 5.3 0 1 2 3 4 5 6 Semiconductor Company 1 Semiconductor Company 2 Intermediary Company RCT Solutions Additional Demand Saleable Sand Production (Mt) Source: BRU 2023 TRS, DEN 2023 TRS, management estimates Note: Additional demand based on management estimates. 1. Offtake agreement (“Offtake Agreement”) entered into which remains subject to ratification by Sio’s Board. This agreement contemplates an increase in offtake volume to 1Mtpa subject to the agreement of Sio and the offtaker . 2. Indicated long term offtake of ~2.7 Mtpa . Facility 1 – Phase 1 (1.34 Mtpa) Facility 1 and Facility 2 (5.4 Mtpa) Facility 1 – Phase 2 (2.7 Mtpa) Cash Flow Positive RCT Solutions has signed an MOU with Sio for the building of North America’s largest solar panel plant in Manitoba, a $3 bn investment that would generate up to 8,000 jobs RCT Solutions has served as a strategic partner on renewable energy investors to establish more than 30 GW of factory execution and installation

Sio’s High Purity Silica is Key to Advanced Silicon Products Source: Allied Market Research, Data Bridge Market Research, management estimates, Marketwatch, Verified Market Research 1. To management’s best knowledge.

Environmental Priorities Social Priorities Governance Priorities Sio is Dedicated Being at the Forefront of ESG Focused Companies

Sio Expects to Construct a Modern, Low Environmental Impact Facility to Supply the Demand for High Purity Silica Source: Sio 2020 Sustainability Report, Sio 2021 Sustainability Report, Sio 2022 Sustainability Report No open pit, no dust, no trace Patent Pending Borehole Extraction No heavy machinery, no truck traffic, no dust Pipe Transport No harmful chemicals, no toxic residual ponds, no water discharged on surface Simple Wash Process No water waste, minimal site draw on water from source reservoir Water Recycling Feisal Somji - CEO

101 205 405 210 501 625 302 100 247 12 1 207 200 249 205 302 203 59 217 614 216 216 52 403 23 205 15 N BRU Property Aly Property DEN Property Winnipeg Springfield Ste. Anne Ste. Agathe La Broqeurie Marchand Zhoda St Malo Richer Central North American Location on Major Railways a Significant Competitive Advantage GWWD Canadian Pacific Canadian National 2 nd Facility Site 1 st Facility Site Claims undergoing conversion to mining leases (1,2) 1. Ordinary course process to convert claims into mining leases in progress, completion expected ahead of planned construction s tar t date. 2. First 5 years of planned production, rolling conversion to leases in 5 year tranches thereafter. Claims: BRU DEN ALY

Sio expected to extract 4.5 kt of silica per well through its patent pending production process 4,500 t / Well extracted 3 - stage process with proven technologies $6.63/t Extraction Costs No heavy machinery, no truck traffic, no dust $2.23/t Slurry Transport Costs Simple water wash without harmful chemicals $3.90/t Wet Processing Costs Energy efficient drying process $6.64/t Dry Processing Costs Efficient & safe labor practices $1.28/t Site Labor & Insurance Environmentally friendly extraction and processing $20.68/t Total Extraction and Processing Costs Low electricity costs to operate magnetic separation $0.55/t Magnetic Separation Costs Sio TRS economics with growth potential $172/t (3) Mine Gate Price High gross margin due to Sio’s high natural purity and low cost production process ~90% Gross Margin Source: BRU 2023 TRS, DEN 2023 TRS , Sio 2022 Sustainability Report 1. BRU 2023 TRS and DEN 2023 TRS; year 2 onward. 2. Extraction methodology has not previously been implemented at an industrial level. 3. Based on BRU 2023 TRS first 5 years minegate pricing, TRS pricing based on offtake MOUs and marketing agreement. x x x x x

Source: BRU 2023 TRS, DEN 2023 TRS

TILL LIMESTONE AQUIFER SHALE SANDSTONE AQUIFER SHALE PRECAMBRIAN Note: Groundwater used for Processing Facility domestic usage (sinks, toilets and showers), and for emergency fire suppressio n (on demand short - term use). 1. Maximum of 5 wells in each cluster; patent pending novel application of proven technology. 2. Dust/Fines contained within the enclosed Dry Plant dust capture system. 3. Dust/Fines confined in silo dust capture system. EXTRACTION (1) PROCESSING SURFACE 90 ft (27m) 168 ft (51m) 177 ft (54m) 250 ft (76m) Air from compressor Outer casing Inner casing UV treated sandstone water returned to sandstone Production pipe Air line Sand and sandstone water Grout seal for sandstone / limestone isolation Production pipe Extraction Zone Extraction Zone Sand Wash & Dry Facility Water Washing Dry Plant (2) Silos (3) Railroad Out Silica Sand Bulk Product Storage (Wet) Recycled Water Recycled Water Enclosed Transport Line 1 2 6 5 7 8 Magnetic Separation UV treated sandstone water Sand & Water Separation 3 4

Source: BRU 2023 TRS, DEN 2023 TRS 1. Amount shown converted to USD from CAD at Stantec TRS exchange ratio of 1.30x. 2. Expected to be fully funded post De - SPAC process and concurrent financing. $129 $87 Facility 1 - Phase 1 Facility 1 - Phase 2 Phase 1 capex expected to be fully funded (2) Phase 2 expected to be funded internally through cash flow

$215 $429 $468 $937 $937 2025E 2026E 2027E 2028E 2029E 1.2 2.5 2.7 5.4 5.4 2025E 2026E 2027E 2028E 2029E Excludes any Potential Upside from Vertical Integration Source: BRU 2023 TRS, DEN 2023 TRS Note: TRS pricing based on offtake MOUs and marketing agreement. Note: Phase 2 extraction permit application expected to follow successful operation of Phase 1. Note: Stantec TRS USD/CAD exchange ratio of 1.30x. Note: DEN Year 0 indicates 2026E in the project schedule. 1. Based on BRU 2023 TRS and DEN 2023 TRS Minegate Revenue converted to USD. Phase 1 Phase 2 Facility 1 & 2 Phase 1 Phase 2 Facility 1 & 2

$135 $222 $223 $495 $503 2025E 2026E 2027E 2028E 2029E $169 $296 $310 $648 $669 79% 69% 66% 69% 71% 2025E 2026E 2027E 2028E 2029E EBITDA (US$ mm) EBITDA Margin (%) Excludes any Potential Upside from Vertical Integration Source: BRU 2023 TRS, DEN 2023 TRS Note: TRS pricing based on offtake MOUs and marketing agreement. Note: Phase 2 extraction permit application expected to follow successful operation of Phase 1. Note: Stantec TRS USD/CAD exchange ratio of 1.30x. Note: DEN Year 0 indicates 2026E in the project schedule. 1. Based on BRU 2023 TRS and DEN 2023 TRS, calculated as sum of Total Cash - Flow, Cash Interest Expense and Cash Income Tax, converted to USD. 2. Calculated as EBITDA over Revenue. 3. Based on BRU 2023 TRS and DEN 2023 TRS Total Cash - Flow in USD. Phase 1 Phase 2 Facility 1 & 2 Phase 1 Phase 2 Facility 1 & 2

E xis S P HYT Spo nso r 7% P I P E + NRA 3% Flow - Th r o u g h 1% $ mill io n s, e xc e p t p e r share v al u e s Uses Sources $675 Sio Rollover Equity (3) $675 Sio Rollover Equity (3) 12 L i qu idity Reser v e ( 8 ) 40 Royalty (4) 21 Est. Tra n s a cti o n Expenses 80 D ebt B ackst o p 129 Ca s h to B ala n ce Sh eet + Pre fun ded Exp . (7) 21 PIPE + N o n - Rede m pti o n A g ree m e n t (5) 10 Flow - Through Equity (6) 11 S io Pre - Existi n g Ca s h + Pref u n ded Exp . (7) Total Uses $837 Total Sources $837 73.9 Total Shares Outstanding $10.25 Share Price $758 PF Mar k et Capita l izati o n 80 (+ ) PF D ebt 129 ( - ) PF Ca s h $708 PF Ent e rpr i se Va lu e N o t e : S t a n t e c T R S U S D / C A D e x c h a n ge r a t io o f 1 . 3 0 x . 1. ~60% P/NAV discount to emerging lithium producers (Core Lithium, Lithium Argentina, Sayona, and Sigma Lithium) median and ~75% P/NAV discount to specialty materials producers (IGO (lithium), Lynas (rare earth), MP Materials (rare earth), and Pilbara (lithium)) median. 2. Assumes 100% redemptions of Pyrophyt's shares at closing and not secured under non - redemption agreements or otherwise. 3. Includes ownership from exercise of pre - existing Sio warrants. 4. Includes $30 mm committed by well known royalty partners as well as $10 mm from a royalty company with a focus on decarbonization projects and existing Sio shareholders. 5. Includes $20 mm committed PIPE and $1mm committed non - redemption agreement. 6. Includes $3mm of indications from existing Sio shareholders and anticipated $7 mm t o b e r aise d. 7. Includes ~CAD$13.5 mm cash on balance sheet and ~CAD$1.2 prefunded expenses on phase 1 facility construction. 8. A ss u m e s l iq u idit y r e s e r ve e q u a l t o 1 5 % o f d e b t b a ck s t op . Sio to combine with Pyrophyte at a pro forma Equity Value of $758 mm, with existing holders rolling over 100% of their equity Phase 1 facility construction to be fully funded with proceeds available upon close of the Transaction ~$160 mm of gross capital comprising equity, debt, royalties, and cash on hand – Investors include existing Sio shareholders, Pyrophyte, Riverstone, a large Canadian pension fund, Steve Webster, and others – Includes $3mm of indicated and $7mm of expected flow - through equity capital Sio intends to raise additional equity capital for general corporate purposes and to reduce debt backstop draw via: Retained cash from Pyrophyt's current trust of $97 mm Incremental PIPE Non - redemption agreements Sio’s attractive valuation of 0.19x P/NAV (~60% - 75% discount to peers (1) ) has significant potential for a re - rating as it progresses towards production

Source: BRU 2023 TRS, company disclosure, DEN 2023 TRS, FactSet, street research 1. Includes Piedmont (fully funded, not permitted) and Lithium Americas (permitted, not fully funded). 2. Copper Developers include: Filo, Foran , Ivanhoe Electric, NGEx , Marimaca , SolGold , Trilogy, and Western Copper. 3. Emerging Lithium Producers include: Core Lithium, Lithium Argentina, Sayona , and Sigma Lithium. 4. Specialty Materials Producers include: IGO (lithium), Lynas (rare earth), MP Materials (rare earth), and Pilbara (lithium). $169 mm 2025E EBITDA $215 mm 2025E Revenue 0.19x P/NAV 79% 2025E EBITDA Margin 41% 2025E - 2027E Avg. EBITDA Growth

0.19x 0.27x 0.44x 0.54x 0.51x 0.77x 0.79x Sio Fully Funded & Not Permitted Lithium Developer Copper Developers Median Permitted & Not Fully Funded Lithium Developer Emerging Lithium Producers Median Copper Intermediate Producers Median Specialty Materials Producers Median Significant re - rate potential once Sio is in production (1) (5) Source: BRU 2023 TRS, company disclosure, DEN 2023 TRS, FactSet, street research 1. Fully Funded & Not Permitted: Piedmont, based on funding and permitting for Piedmont Ghana. 2. Copper Developers include: Filo, Foran, Ivanhoe Electric, NGEx, Marimaca, SolGold, Trilogy, and Western Copper. 3. Permitted & Not Fully Funded: Lithium Americas, based on funding and permitting for Thacker Pass. 4. Emerging Lithium Producers include: Core Lithium, Lithium Argentina, Sayona , and Sigma Lithium. 5. Copper Intermediates include: Capstone Copper, Hudbay , Ivanhoe Mines, and Lundin Mining. 6. Specialty Materials Producers include: IGO (lithium), Lynas (rare earth), MP Materials (rare earth), Pilbara (lithium). 7. BRU Phase 1 expected to be fully permitted and capex fully funded, includes $3mm of indicated and $7mm of expected flow - through equity capital. (2) (3) (4) (6) Research community overwhelmingly values mining companies by Price to Net Asset Value (P/NAV) 76% 75% 62% 64% 57% 29% Sio P/NAV Discount P P P P P Fully Funded P P P P P Fully Permitted P P P 2026 2025 - 2031 2025 2025 Initial Production P P 2024 ? ? ? 2025 Commercial Production P P ? ? ? ? 2028 Large Scale (7) (7)

Currency Shown in Canadian Dollars Source: BRU 2023 TRS 1. Full production is year 2 and onwards.

Currency Shown in Canadian Dollars Source: BRU 2023 TRS

Currency Shown in Canadian Dollars Source: DEN 2023 TRS 1. Full production is year 2 and onwards.

Currency Shown in Canadian Dollars Source: DEN 2023 TRS Note: DEN Year 0 indicates 2026E in the project schedule.