Hannan Metals Business Summary

Hannan Metals Ltd. (HANNF) is a junior mineral exploration company primarily focused on the acquisition and evaluation of district-scale copper, gold, and silver deposits in Peru. The company operates through a single business segment—mineral exploration—and generates capital through strategic joint ventures and equity financing rather than operational mining revenue. Its flagship 100%-owned Valiente Project targets previously unknown Miocene-age porphyry and epithermal systems in central Peru, while its San Martin Project is a US$35 million joint venture with JOGMEC (Japan Oil, Gas and Metals National Corporation) focusing on sediment-hosted copper-silver mineralization. Hannan competes with other Andean-focused explorers such as Mirasol Resources, Discovery Silver, and Bear Creek Mining, distinguishing itself as a first-mover in the underexplored "back-arc" sub-Andean region, where it holds a top-ten tenure position in Peru. Co-founded in 2015 by Michael Hudson and Mark Saxon, the company is led by Hudson, who serves as Chairman and CEO with over 30 years of global exploration experience, including the founding of Southern Cross Gold. The executive team includes CFO Harvey Lim, a Chartered Professional Accountant, and Corporate Secretary Mariana Bermudez, a specialist in junior mining governance. Key operational leadership is provided by Catalina "Katty" Vargas, Director of ESG and General Manager for Peru, and Exploration Manager Zac Turschwell. The company’s strategic pedigree is further validated by its shareholder registry, which includes a 9.9% stake held by Teck Resources, Canada’s largest diversified mining company, alongside a board featuring Georgina Carnegie, a former advisor to the US$2.7B private equity firm The Sentient Group.