Advanced Mineral Refinery • Multi-Element Recovery System

Turning "Dirt" into
High-Value Portfolios

Closed-loop chemical deconstruction technology liberating high-purity industrial oxides, aerospace-grade titanium, and full-spectrum platinum group metals from abundant domestic Texas ore.

Entity: MNI Corp

Jurisdiction: Permian Basin, Crane County, TX

Asset Base: Eudaly Mine

Date: September 2026

Regulatory & Compliance Framework

Disclaimers & Regulatory Status

Strict compliance boundaries, legal disclosures, and technical valuation context

SEC Regulation S-K 1300 Notice

Regulatory Status

All projections, assay figures, and yields outlined in this presentation are derived from rigorous laboratory testing, multi-lab ICP-MS analytical assays, and pilot-scale dissolution trials.

These estimates are not compliant with SEC Regulation S-K 1300 reporting standards and represent theoretical gross contained elemental value only, not official SEC-defined Mineral Resources or Mineral Reserves.

Theoretical Value vs. Realizable Economics

Valuation Methodology

Gross elemental valuation ($105B–$126B+) calculates in situ atomic presence. Commercial models apply severe, deliberate engineering reductions:

15x PGM Safety Haircut: Raw liquor values divided by 15 (3x concentrate adjustment + 5x safety buffer).
35% Bulk Recovery Limit: Assumes commercialization of only 35% of contained silica and alumina.
Operating Structure: Field refining facilities operate through licensed entities, special purpose vehicles (SPVs), and turnkey technical operating partners under corporate governance.

Executive Summary

Strategic Ambition, Technology, Asset Base & Economics

The four cornerstones underpinning MNI Corp's domestic critical minerals refining platform

75M+

The Ambition

Sovereign Supply Independence

End Western dependence on foreign-controlled critical metals (PGMs, Titanium, Scandium, Silicon). Establishing a secure, domestic, mine-to-magnet supply chain inside the United States.

99.8%+

The Technology

Multi-Element Recovery

Proprietary solid-to-liquid chemical dissolution dissolving entire ore matrices. Monetizes 70–90% of total rock mass (vs. <5% in traditional mining) to recover electronics-grade materials.

$105B+

The Asset

Eudaly Mine, Crane County TX

~2,098 mineable acres in West Texas with ~75 million tons confirmed by Westward Environmental. Premier Permian Basin infrastructure with immediate ~16,000-acre contiguous expansion horizon.

3.5M

The Economics

Tons Proven Basis

Theoretical gross value of $105B–$126B+ on an initial 3.5M ton operational subset. Third-party multi-lab audit completed May 2026 validating ultra-high purity oxides and direct bullion recovery.

Macro Threat & Geopolitical Drivers

The Western Supply Chain Crisis

Vulnerability vs. Independence — Critical Strategic Exposure across Defense, Aerospace & Tech

85% China

Silicon (SiO2)

China controls 85% of global silicon metal and 95% of solar-grade polysilicon. Critical for semiconductors, advanced computing, solar PV, and defense optics.

80%+ Russia / SA

PGMs (Pt, Pd, Rh, Ir)

Over 80% concentrated in Russia and South Africa. Subject to severe Russian dumping margins (~828%). Indispensable for hydrogen fuel cells, catalysts, and military electronics.

Export Ban Risk

Titanium (TiO2)

Critical for modern aerospace airframes, defense armor, and naval turbines. Russia remains a dominant global supplier with persistent export embargo threats.

100% China Refined

Scandium & REEs

100% of heavy rare earths and scandium used in permanent magnets and next-gen aerospace alloys globally refined in China. Zero domestic Western alternatives.

Core Takeaway

MNI Corp provides a structurally independent, Texas-based production hub to permanently insulate Western defense, aerospace, and semiconductor supply chains from adversarial foreign leverage.

Regulatory Tailwinds & Market Creation

Policy Alignment Directly Creates a Guaranteed Market

Binding Western legislative mandates provide non-dilutive capital, tax credits, and guaranteed off-take

United States Federal Mandates

US Legislation

USGS 2025 Critical Minerals List

Silicon added as priority mineral; Platinum, Palladium, Titanium, and Scandium classified as high-vulnerability targets.

Department of Energy (DoE) Critical Materials

Designates Platinum, Silicon, Iridium, and Nickel for prioritized Title 17 loan guarantees and domestic manufacturing subsidies.

Pentagon Defense Mandate (2027 Deadline)

Legally mandates a sustainable, 100% allied 'Mine-to-Magnet' supply chain for defense contractors by 2027.

European Union Strategic Framework

EU Integration

Critical Raw Materials Act (CRMA)

Legally binds member states to extract at least 10% and process at least 40% of strategic materials within allied borders by 2030.

RESourceEU Strategic Fund

€3 Billion in targeted institutional funding to secure allied processing pipelines and eliminate single-nation dependencies.

EU-US Critical Minerals Agreement

Formalized bilateral partnership establishing tariff-free critical materials corridors and shared strategic procurement reserves.

Strategic Convergence: MNI Corp represents the precise intersection of US and EU mandates, unlocking non-dilutive grant capital, Section 45X production tax credits, and premium long-term off-take contracts.

Asset Foundation & Location Advantage

The Eudaly Mine: Heart of America’s Critical Minerals Future

Crane County, Texas — Permian Basin infrastructure, legal certainty, and strategic energy advantages

Anchor Jurisdiction

Texas CHIPS Act Corridor

Situated in Crane County between Grandfalls and Crane, Texas. Highly mining-friendly regulatory environment supported by the Texas CHIPS Act (2023) to supply local semiconductor megafabs (Samsung, TI).

Infrastructure Density

Permian Basin Logistics

Immediate access to heavy industrial power, natural gas networks, and major highway arteries. Close proximity to Gulf Coast chemical refining centers reduces chemical reagent freight costs.

Permitted Baseline

Operating Surface Mine

Fully permitted for surface operations with established baseline environmental clearances. Mineral extraction facility expansion pathways underway with zero underground mining risk.

Asset Scale & Reserve Horizon

A Multi-Generational Asset: Proven Floor & Vast Expansion Horizon

Unlocking district-scale scale from a conservative 3.5M ton operational starting block

The Proven Floor

2,098 Acres

• ~2,098 mineable acres divided into 9 clearly defined mine blocks.
• 2023 Westward Environmental Report confirmed ~75 million tons of frac-sand material.
• Highly accessible geology: 0–20 ft overburden, 25–60 ft continuous deposit thickness with low-cost surface scraper extraction.

The Expansion Horizon

16,000 Acres

• ~16,000 acres of additional contiguous expansion land available in district.
• Represents one of the largest contiguous mineral land positions in West Texas.
• Consistent geology: Quaternary-aged alluvium and fluvial terrace deposits holding ~570 million tons (7.6x scale expansion).

Operational Note

Current commercial operations and financial projections are based strictly on an initial 3.5 million-ton subset of the proven 2,098 acres, leaving vast multi-generational district upside completely untouched.

Technology & Process Innovation

The Extraction Paradigm Shift Matrix

Comparing traditional pyrometallurgical smelting against MNI Corp's multi-element chemical deconstruction

Comparison Metric	Traditional Mining & Smelting	MNI Multi-Element Recovery System
Primary Method	Pyrometallurgical smelting (>1,400°C) & mechanical flotation	Proprietary chemical dissolution (solid to liquid state)
Element Focus	Single target metal; treats 95%+ of ore as worthless tailings	Universal deconstruction; sequentially targets full elemental spectrum
Ore Mass Monetization	< 5% of total extracted rock mass monetized	70% – 90% of entire rock mass converted into commercial products
Environmental Profile	Massive tailings dams, high carbon emissions, sulfur dioxide	Zero-waste philosophy; tailings transformed into high-purity oxides
Capital Intensity	Multi-billion dollar centralized smelting complexes	Modular skid-mounted reactors deployable in phases ($7.4M Phase 1)

Chemical Engineering Flowsheet & Process Integration

The Sequential Deconstruction Engine

Hydrometallurgical facility flowsheet systematically liberating bulk oxides and precious metals

Integrated Minerals & Advanced Materials Recovery Facility 6-Stage Flowsheet

STEP 01

Raw Input

1,000 kg Permian Basin ore enters reaction circuit.

→

STEP 02

Matrix Dissolution

Matrix broken down into 99.8%+ SiO2 and Al2O3. Offsets all OPEX.

→

STEP 03

The Unlock

Locked micro-deposits of precious metals become 100% accessible.

→

STEP 04

Extraction

Selective recovery of PGMs and strategic defense metals.

Active Pregnant Leach Solution (PLS) Digestion

Precipitated 99.8%+ Pure Oxide Filter Cake

Core Philosophy: We do not hunt for trace PGMs in dirt; we systematically deconstruct the rock, paying for the entire process via bulk industrial oxides and capturing PGMs as pure profit margin.

Mass Balance Yield & Industrial Portfolio

What Others Call 'Waste', We Call Inventory

Mass balance yield per 1,000 kg (1 Metric Tonne) of processed Eudaly Mine ore

~380 kg Bulk Basal

High-Purity Silica (SiO2)

99.83%–99.93% confirmed purity. Qualified for semiconductors, quartz crucibles, solar PV glass, and high-performance optics.

~220 kg Industrial

High-Purity Alumina (Al2O3)

99.85%–99.87% confirmed purity. Premium market for technical ceramics, sapphire glass substrate, catalysts, and aerospace composites.

~10.5 kg Defense

Titanium Dioxide (TiO2)

~1.06% elemental titanium fraction. Critical raw material for aerospace structural airframes, naval hulls, and military armor.

~3.1 kg Precious

Precious & Platinum Metals

Platinum, Palladium, Rhodium, Iridium, Gold, and Silver. Recovered as bullion doré and high-purity chemical salts.

~1.4 kg Strategic

Strategic Base Minerals

Scandium, Zinc, Vanadium, and Tellurium. Mission-critical alloying agents for aerospace defense and grid storage batteries.

Total Utilization

70% – 90% Ore Monetized

Remaining fraction is inert, thoroughly neutralized mineral sand suitable for industrial backfill and construction aggregate.

Engineering Infrastructure & ESG Standards

Scalability & Environmental Stewardship

Rapid modular plant deployment combined with rigorous closed-loop environmental compliance

Modular Deployment Roadmap

Phase 1 Pilot (Q3/Q4 2026)

2 reactors (2 t/cycle, 3 cycles/day) = 12–15 tonnes/day

Rapid Scale-Up (Q2 2027)

Expand to 12 reactors within weeks = 100 tonnes/day

• Operational Longevity: 106-year mine life on just the initial 3.5M ton proven basis.

Environmental Stewardship & TCEQ Protocols

• Closed-Loop System: Liquid dissolution prevents atmospheric emissions associated with traditional smelting.
• Lead (Pb) Mitigation: Detected at ~0.04%. Fully disclosed and encapsulated under strict Texas Commission on Environmental Quality (TCEQ) and EPA guidelines.
• Water Recycling: 90%+ process water recycled; zero surface effluent discharge.

Modular Facility Isometric Processing Modules

Turnkey Plant Engineering & Modular Scale

Modular Refinery Architecture: 3D Engineering Layout

Turnkey skid-mounted processing facility engineered for rapid Permian Basin deployment and continuous closed-loop operations

MNI Corp Modular Mineral Refinery 3D Architecture

Feedstock: Silica Raw Stock Loading & Sizing

Hydrometallurgy: Leaching, Reduction & Filtration Modules

Separation: Desorption Columns & Selective Precipitation

Thermal Finishing: Spin Flash Dryer, Cyclone & Bag Filters

Packaging: Automated Final Product Staging & Dispatch

Empirical Assays & Physical Verification

Independent Validation of Metallurgical Excellence

Testing conducted by Enviro-Chem Analytical, Inc. (Report ECA 26-012-019) across 3 independent laboratories

Material Stream	Confirmed Lab Purity	Industrial Significance
Silica Sand (SiO2)	99.83% – 99.93%	Red: 99.93%, Green: 99.83% • Semiconductor/tech-glass grade (6N–8N)
Alumina (Al2O3)	99.85% – 99.87%	Red: 99.87%, Green: 99.85% • High-purity technical ceramics & sapphire
Platinum Compound	43.6% Pt Confirmed	Ammonium hexachloroplatinate test proves producible purified PGMs
Titanium (Ti)	~1.06% (10,551 ppm)	Critical aerospace airframe & defense structural alloy feedstock
Copper Collect Fraction	Precious Concentrate	Confirmed Ag (~0.28%), Pt (~0.21%), Pd (~0.18%), Rh (~0.15%), Ir (~0.08%), Au (~0.02%)

Conclusion: Technical de-risking achieved. Multi-operator XRF scanning and standard dissolution protocols across three separate analytical facilities confirm repeatable, high-purity multi-element extraction.

Wayne Wilson with Refined Palladium Button

Direct Physical Recovery • Refined Palladium Button

Wayne Wilson holding solid doré bullion button recovered directly from pregnant leach liquor via on-site selective precipitation and electrowinning.

Risk Mitigation & Financial Discipline

We Do Not Sell Best-Case Scenarios: The Conservatism Principle

Severe, deliberate safety cuts applied to all financial models to guarantee downside protection

15x Cut

PGM Safety Haircut

3x Concentrate × 5x Buffer

Actual laboratory PGM values were divided by 15. This consists of an initial 3x reduction to adjust for concentrate, plus a massive 5x arbitrary safety buffer to insulate against price fluctuations.

35% Basis

Bulk Recovery Assumption

65% Left Unmonetized

The financial model assumes only 35% of the total available High-Purity Silica (SiO2) and Alumina (Al2O3) is successfully recovered and sold, leaving enormous operational margin upside.

Baseline

Economic Model Foundation

Excludes Windfall Discoveries

Foundational numbers used for all commercial projections completely omit valuable discovered trace minerals (Scandium, Tellurium, Zirconium, Vanadium) and Section 45X tax credits.

All commercial projections in this presentation strictly apply these severe, arbitrary safety cuts. Profitability does not depend on optimistic recovery assumptions.

Portfolio Unit Economics & Waterfall

The Multi-Asset Portfolio: Revenue Per Tonne

Waterfall breakdown from theoretical upside to conservative realization of $1,160 – $2,700 per tonne

Theoretical Gross Upside

$5,000 – $10,000+ / t

Raw elemental value prior to cuts

Conservative Realizable Revenue

$1,160 – $2,700 / t

After 15x PGM cut & 35% bulk recovery limit

Tier 1: The Stable Floor

High-Purity Silica ($426–$1,862) + Alumina ($34–$37)

$460 – $1,899 / t

Industrial baseload that completely covers all mining, logistics, and processing OPEX.

Tier 2: The Strategic Base

Titanium & Zinc byproduct recovery

~$1.50 / t

Baseline industrial mineral sales offsetting secondary utility costs.

Tier 3: The High-Margin Spark

PGMs (Pt, Pd, Rh, Ir, Ru) + Gold + Silver (After 15x Cut)

$700 – $800 / t

Pure equity free cash flow margin. Highly resilient even under severe metal price deflation.

Asset Valuation & Financial Projections

Compelling Project Economics: The 3.5 Million-Ton Proven Basis

Theoretical gross elemental asset value of $105 Billion to $126 Billion+ across initial operational block

Mineral Stream	Estimated Contained Volume	Theoretical Gross Contained Value	Primary Industrial / Strategic Application
High-Purity SiO2 (6N–8N)	~1.33 Million Tonnes	$2.69B – $6.12B	Semiconductor wafers, solar crucibles, high-purity quartz glass
High-Purity Alumina (Al2O3)	~770,000 Tonnes	$539M – $3.67B	Sapphire substrates, technical ceramics, industrial catalysts
Platinum (Pt)	~14.00 Million Ounces	$13.09B – $15.58B	Hydrogen fuel cells, aerospace coatings, catalytic converters
Palladium (Pd)	~12.25 Million Ounces	$11.83B – $12.53B	Automotive emissions control, hydrogen storage, electronics
Rhodium (Rh)	~10.01 Million Ounces	~$45.05B	Ultra-rare catalytic asset, chemical oxidation catalysts
Iridium (Ir)	~5.60 Million Ounces	$25.69B – $28.04B	PEM hydrogen electrolysis membranes, high-temp crucibles

              Total Theoretical Gross Value: $105 Billion – $126 Billion+
            
              Gross contained figures based on multi-lab ICP assays. Excludes OPEX/CAPEX, freight, taxes, and the 16,000-acre regional expansion.
            
            3.5M Ton Basis

Resource Upside & Unmodelled Discoveries

The Expansion Upside: Multi-Generational Scale

Expanding from the 3.5M ton operational foundation across the full 16,000-acre district footprint

The Expansion Multiplier

7.6x Scale Potential

Initial Operational Foundation

3.5 Million Tons

Supports ~106-year mine life at initial throughput.

Current Confirmed Reserve Floor

~75 Million Tons (~2,098 Acres)

Confirmed by 2023 Westward Environmental technical report.

Regional District Horizon

~570 Million Tons (~16,000 Acres)

Theoretical 7.6x multiplier across contiguous Permian deposit.

Unmodelled Strategic Discoveries

Pure Upside

Valuable strategic elements identified in laboratory assays that are not included in the baseline $105B–$126B financial model:

Scandium (121 g/t)

Premier alloy strengthener for next-gen aerospace defense airframes.

Zirconium (233 g/t)

Nuclear cladding, chemical reactor lining, and precision sensors.

Tellurium (139 g/t)

Cadmium-telluride thin-film solar cells and thermal optics.

Vanadium (78 g/t)

Grid-scale vanadium redox flow batteries and high-strength steels.

Capital Deployment & Phased Budgeting

Capital Expenditure: Phased Investment Plan

Total CAPEX: $35.1M across three development phases; self-funded expansion from cash flow

Capital Expenditure Item	Phase 1	Phase 2	Phase 3	Total CAPEX
Fixed Plant Equipment (100 MT/day capacity)	$3.20M	$0.00M	$0.00M	$3.20M
Movable Skid Equipment Modules	$0.00M	$1.50M	$0.00M	$1.50M
Operating Capital (Labour, power, reagents)	$0.00M	$1.20M	$0.00M	$1.20M
Infrastructure (Warehousing, packaging, clean rooms)	$4.20M	$0.00M	$0.00M	$4.20M
Land & District Rights Acquisition (16,000 acres)	$0.00M	$0.00M	$25.00M	$25.00M
TOTAL PHASED CAPITAL EXPENDITURE	$7.40M	$2.70M	$25.00M	$35.10M

Figures exclude ongoing OPEX. Phase 1 ($7.4M) achieves full commercial qualification and operational revenue. Phase 2 infrastructure includes $2.7M over 6 months for higher-purity build-out, funded through early operational cash flows.

Execution Roadmap & Timeline

Next Steps & Milestones

Integrated dual-track commercial development and operational roadmap from Q3 2026 beyond 2027

Track 01

Development Milestones

Q3 2026

Pilot Reactor Fabrication On-site pad preparation, skid fabrication, and chemical delivery logistics.

Q4 2026

Bulk Ore Confirmation Comprehensive testing to characterize unidentified fractions and finalize process parameters.

Q1 2027

First Commercial Off-Take Initial commercial shipments of bulk High-Purity SiO2 and Al2O3 to qualified buyers.

Beyond 2027

Steady-State Production Continuous commercial processing of the 3.5M ton reserve across a ~106-year life.

Track 02

Operational Track

Q3/Q4 2026

Pilot Commissioning Commissioning of 2 pilot reactors (12–15 tonnes/day continuous throughput).

Q2 2027

Rapid Scale-Up Expansion Modular scale-up to 12 parallel reactors achieving 100 tonnes/day capacity within weeks.

Q3 2027

Precious Metals Sales Initial commercial sales of refined PGM concentrates, gold doré, and titanium compounds.

Beyond 2027

District Consolidation Execution of 16,000-acre district expansion and secondary modular refinery units.

Governance & Strategic Partners

Experienced Leadership & Partners

World-class hydrometallurgical expertise, field operations leadership, and independent accredited validation

Wayne Wilson

Technical Lead, Process Chemistry

Architect of the proprietary multi-element sequential recovery parameters. Over three decades of specialized chemical engineering, hydrometallurgical extraction, and precious metals recovery.

Chris Crouch

Operations & Planning Manager

Oversees financial engineering, operational logistics, and resource valuation modeling. Coordinates field development, permitting adherence, and multi-element off-take structuring.

Enviro-Chem Analytical

Independent Lab Validation

Accredited analytical laboratory directed by Liese K. Thompson. Conducted independent multi-laboratory assays, ICP-MS analysis, and purity certifications confirming 99.8%+ oxide purities.

Westward Environmental

Geological Engineering

Premier Texas environmental and geological engineering consultancy. Authors of the foundational 2023 reserve report confirming the ~75 million-ton in situ reserve floor.

Strategic Conclusion & Investment Opportunity

The Blueprint for Western Resilience

From Texas soil to critical Western supply chain independence

01 // THE RESOURCE

Secure Texas Source

Eudaly Mine, Crane County TX: Geopolitically insulated, permitted surface operation with established power, water, and rail logistics in the heart of the Permian Basin.

02 // THE PROCESS

The Refinery (Chemistry)

Proprietary Multi-Element Recovery System: Zero-waste solid-to-liquid dissolution achieving 99.8%+ oxide purities and direct physical doré bullion recovery.

03 // THE MARKET

Strategic Western Outputs

Semiconductor tech-glass and wafers (SiO2), aerospace ceramics (Al2O3), defense alloys (Ti, Sc), and hydrogen energy catalysts (PGMs) feeding allied mandates.

Turning "Dirt" into High-Value Portfolios