ARRAS MINERALS Business Summary

Arras Minerals Corp. is a pre-revenue mineral exploration and development company primarily focused on the discovery of large-scale copper-gold porphyry systems in the Pavlodar region of northeastern Kazakhstan. The company’s business model centers on value creation through the acquisition and systematic exploration of high-potential mineral properties, specifically targeting the under-explored Central Asian Orogenic Belt. Its primary business segments are defined by its flagship Elemes Project, where it is currently executing a 30,000-meter Phase 2 drilling program, and the Beskauga copper-gold project, for which it holds an option to acquire a 100% interest. Arras operates in a competitive landscape alongside junior explorers and developers such as Solitario Resources, Texas Mineral Resources, and 5E Advanced Materials; it distinguishes itself by its strategic first-mover advantage in Kazakhstan’s low-cost, infrastructure-rich mining jurisdictions and its extensive 1,900-square-kilometer license package. The leadership team is led by CEO and Director Timothy Barry, a seasoned geologist with over 20 years of experience who also serves as CEO of Silver Bull Resources, and President Darren Klinck, an accomplished executive formerly of Bluestone Resources and OceanaGold. The technical team includes Chief Geologist Vladimir Suluburic and VP of Exploration Matthew Booth, both of whom possess deep expertise in porphyry deposit modeling. The company was founded in 2021 as a spin-out from Silver Bull Resources to capitalize on Kazakhstani opportunities. Notable institutional backing includes Teck Resources Limited, which remains a significant shareholder despite recently concluding a generative strategic alliance in February 2026, and Sprott Asset Management. The Board of Directors is chaired by Brian Edgar and includes industry veterans such as Daniel J. Kunz, who was instrumental in the discovery of the Oyu Tolgoi deposit.