I N T E G R AT I N G VA N A D I U M RESOURCES AND GRID B AT T E R Y T E C H N O L O G Y SEPTEMBER 2017
CSE: SQA OTCQB: STNUF
2
DISCLAIMER The information contained herein is prepared by the company and believed to be accurate but has not been independently audited or verified and is provided for informational purposes. This information is not to be construed as an offer nor as a recommendation to buy or sell securities. Stina Resources Ltd., its officers and directors assume no responsibility for use of this information in any way whatsoever and do not guarantee its accuracy. It should be noted that some of the statements contained herein are not historical facts but may be forward-looking statements. Estimates and statements that describe the Company’s future plans, objectives or goals are examples of forward-looking statements and such statements may include words to the effect that the Company or management expects a stated condition or result to occur.
3
“Batteries and energy storage are the core of the Fourth Industrial Revolution.� - Klaus Schwab, Founder, Davos World Economic Forum
4
VISION Become North America’s first vertically integrated producer of vanadium & vanadium electrolytes for the energy storage industry.
Vanadium is a strategic metal used in the production of high-quality metal alloys. Its most common uses are in high strength steel, in the aerospace industry, and chemical uses for the production of catalysts, ceramics, glasses and pigments, electronics and batteries.
5
VANADIUM No North American mines in production. 95% of production comes from China, South Africa & Russia
Steel Industry accounts for 90% of Vanadium consumption. Increasing use as an electrolyte in redox flow batteries for energy storage Vanadium Products FeV – iron-vanadium alloy V2O5 – vanadium pentoxide
China produces 58% of global supply, mostly as co-product from steel mills Vanadium doesn’t trade on the open market or a metal exchange. Prices governed by sales agents. Current price U.S. $9/lb, 10yr $2.8 - $17.5/lb
Vanadium commonly occurs in complex mineral associations and fossil fuel deposits. It is less often found in pure form, and is often a byproduct of mining for uranium & other minerals. Vanadium has unique properties applicable for electrical storage
6
7
M A S S I V E G R O W T H I N E N E R G Y S TO R A G E I N D U S T RY • US Q1 2017 deployments in megawatts up 276% over prior year • US Q1 2017 deployments in megawatt-hours up 944% over prior year • By 2022, US energy storage market is expected to be worth $3.2 billion – 10x increase from 2016 (US Energy Storage Monitor Report Q2/17) • California utilities now mandated to include energy storage in new projects
8
VA N A D I U M R E D O X F L O W B AT T E R I E S G A I N I N G T R A C T I O N • Vanadium Redox Flow Battery (VRB) developed by NASA in the 70‘s • Reversible energy storage system converts chemical energy to electrical energy that is capable of storing multi MW and MWH • Next gen VRB being developed by PNNL - US Dept of Energy • VRBs have been installed across America, Europe, Asia, Africa & Australia • New developments include lithium-vanadium phosphate batteries for potential electric vehicle applications
VA N A D I U M R E D O X B AT T E R Y I N S TA L L AT I O N S Currently: 59 installations @ 75MW (Dept. of Energy) 9
10
A D VA N TA G E S O F VA N A D I U M R E D O X F L O W B AT T E R I E S Scalable - multi megawatt / gigawatt Dispatchable - addresses multiple grid needs grid rebalancing Flexible – power and energy can be independently scaled Durable - 20+ year lifetime Safe - wider temperature range Green - reusable & rechargeable up to 400,000 cycles Best solution for grid scale energy storage on the market today
11
PURE VANADIUM PLAY Large high grade vanadium deposit in Nevada Combined Bisoni McKay Resource & Bisoni-Rio Prospect •
NI 43-101 (2016) Indicated Resources estimated at 11,879,590 tons at an average grade of 0.39% V2O5 and Inferred Resources estimated at 7,048,056 tons at an average grade of 0.42% V2O5
•
Open at depth, known to extend to the North and South, and at least 300 feet true thickness in depth with 2,000 feet strike length
12
BISONI-MCKAY PROPERTY • Past exploration by Union Carbide (1950s), Hecla Mining (1970s) and Noranda (1980s) • Contains significant vanadium carbonaceous resources that allow for high level of vanadium electrolyte purity • Supergene enrichment zone of up to 35 feet width identified immediately below Redox zone, revealing anomalous grade surges of 50% to 150% • Continuity of mineralization confirmed in past exploration drilling campaigns • Close to surface; open-pittable; examining modern extraction methods
13
FUTURE PLANS FOR BMK • RC drilling to convert the Indicated & Inferred resources to Measured resources • Delineation of the supergene enrichment zone (past drilling indicates this zone presents significant grade surges) • Past exploration at BMK identified a fold adjacent to the west fault. Several past drill holes oriented East-West terminated in mineralization. Future drill holes will be extended further to the West to define the bottom of mineralization. Also, given that only the eastern limb of the fold was penetrated, a few holes will target the limits on the western limb of the fold. • Hazen Research to conduct a metallurgical test on carbonaceous shale, which hosts the largest tonnage of resources reporting the highest grade at BMK. The objective of the test is to optimize the extraction of vanadium from this material to produce vanadium electrolyte to be tested on vanadium flow batteries
14
BISONI-RIO PROSPECT • Located 5 km north from Bisoni McKay • 3,360 acres of prospective ground • Past trench exploration suggests mineralization is an extension of Bisoni McKay ore body • Adjacent to Gibellini Project which has a resource of 131 million lbs V2O5 (NI 43-101, 2011) • No drilling to date but there is evidence of past prospecting activity in the form of trenches and shallow pits. Believed to be an extension to the North of the mineralization at BMK. Bulk of Stina's future exploration drilling will be on the Bisoni Rio prospect and will be focussed initially on the delineation of Inferred resources
15
STINA’S TECHNOLOGY PARTNERS Collaboration With Pacific Northwest National Labs • Stina Resources’ collaboration with PNNL focuses on vanadium electrolyte development • Part of US Dept of Energy, founded in 1965 • Leading developer of RFB technology • 4000 scientists and researchers • $1 billion in annual R&D expenditures
16
EXPANDING VANADIUM STRATEGY Acquisition of Pure Vanadium Corp. • Signed LOI to acquire Pure Vanadium Corp (“Pure”), a technology company involved in development of vanadium electrolytes for vanadium redox flow batteries used in grid-scale energy storage • Grid-scale vanadium redox flow battery installations are increasing globally, and access to high quality vanadium for vanadium electrolyte is a key driver of this technology • Pure holds certain license agreements with Battelle Memorial Institute to produce, use and sell vanadium electrolytes developed by the Department of Energy’s Pacific Northwest National Laboratory • Pure’s Chief Technology Officer, Dr. Alex Starosud, holds a dozen patents and has published over 100 papers. He was given the title of Captain and worked on several strategic technologies during his time in the U.S.S.R. including water flood and fracture-leach processes. Pure is investigating the possibility of utilizing these processes with new chemical formulations for the economical and less evasive method of in-situ vanadium electrolyte production
17
STINA’S TECHNOLOGY PARTNERS University of Calgary • Stina Resources is working with Dr. Edward Roberts of the University of Calgary to construct Redox Flow Batteries and to determine optimum parameters for the vanadium electrolyte used therein that will be derived from the vanadium mined from Stina's Bisoni McKay's vanadium property in Nevada • Dr. Edward Roberts is an internationally recognized expert and innovator in the field of electrochemical technology • His work has been recognized through several international awards for innovation (the IChemE Water Innovation Award, the IET Innovation Award and the ACES European Academic Enterprise Award). He is the holder of 22 granted patents, has a further 20 patent applications pending and has published more than 75 papers in international journals • Dr Roberts' research group is exploring the use of new large scale energy storage technologies. Electrode materials for redox flow batteries are being developed in collaboration with other researchers. The goal is to develop low cost, vanadium redox flow battery systems that are able to operate efficiently at high current densities, improving the economic viability of the technology. These systems are being developed for large scale energy storage and the integration of renewable electricity generation
18
PURE ENERGY TEAM Dr. Alex Starosud -
Director & CTO, PhD. Chemist
Dr. Starosud holds a dozen patents and has published over 100 papers. He was given the title of Captain and worked on several strategic technologies during his time in the U.S.S.R. including water flood and fracture-leach processes. His patented process (6736976) for reducing the level of a chemical compound in a fluid is essential for reducing potential electrolyte contaminants.
Dan Greenberg -
Director & Chief Engineer
Mr Greenberg specializes in the Integration of environmental technologies with existing COTS systems. This has allowed a range of alternative energy start-ups to achieve the commercial deployment stage.
Dr. Mirek Kraus -
A d vi s o r, P h D. , Ch e mi c a l E n g i n e e r
Dr Kraus managed the Scientific Institute for the production of Poly- and Copolymers (Acrylonitril butadiene - styrene), Foam and High Impact Polystrol, synthetic Latex and natural rubber, in Kaucuk, Kralupy, Czech Republic. An author of multiple technical publications on self developed methods for: Digoxin, Pepsin, Pentobarbital, Prolin, Magnesium etc. in physiological liquids and single dragees.
Dr. Ted Roberts -
A d v i s o r , P h D . , P. E n g . , C E n g . , F I C h e m E .
Dr. Edward Roberts is an internationally recognized expert and innovator in the field of electrochemical technology. He is the holder of 22 granted patents, has a further 20 patent applications pending and has published more than 75 papers in international journals.
19
PROVEN MANAGEMENT Brian Stecyk,
P R E S I D E N T, C E O , & D I R E C T O R
Mr. Stecyk has over 36 years in corporate communications, corporate and political networking and public relations. In addition to marketing and communications his strengths include strategic management and planning.
Tony Hammond, Q P
& DIRECTOR
Mr. Hammond is a mining engineer with 30 years of experience in mining operations in North America and Latin America. His expertise is in mining operations, mineral resource calculation, project management and economic analysis. He is regarded as an expert on vanadium and cobalt mineral deposits and has written a number of publications on vanadium mineral exploration, market and demand for this metal. He is a registered member of the Society of Mining Engineers, a qualified person under National Instrument 43101 norm and a professional engineer.
Jim Morin, C F O
& DIRECTOR
Mr. Morin has diverse managerial and financial expertise. He currently consults in corporate restructuring and business financing where he has arranged financing from $300,000 to $32 million. He also has broad experience in working with funding agencies and arranging grants for research and development of new technology and industry.
R. Brian Murray,
DIRECTOR
Mr. Murray is presently president of Murcon Ltd., a financial consulting and merchant banking firm specializing in starting and managing junior public companies in a wide range of industries. He has extensive experience in mineral exploration and environmental technology. He is a chartered account and has an MBA from York University.
20
ADVISORS – SKANDERBEG CAPITAL ADVISORS • Recently appointed Skanderbeg Capital Advisors, one of Canada's premier merchant banking, advisory and corporate development firms to Stina Resources • Skanderbeg Capital Advisors have a strong track record and recent success in the energy metals space • Skanderbeg Capital Advisors were founding shareholders of First Cobalt Corp (FCC.V), getting involved from Sept 2016 to present • Recently, FCC announced a three-way amalgamation of companies and assets, making First Cobalt Corp the largest pure-play cobalt exploration company, and the clear leader in the space
21
INVESTMENT HIGHLIGHTS • Massive growth in energy storage sector forecasted as ever increasing amount of green power comes on line • Vanadium, because of its unique properties applicable for electrical storage, has seen its price double in the past year • Large high grade, pure play vanadium deposit in mining friendly Nevada • Partnering with leading developers of vanadium redox flow batteries • Stina positioning itself to become North America's 1st vertically integrated producer of vanadium and vanadium electrolytes in North America
22
SHARE STRUCTURE As at October 16, 2017 I S S U E D & O U T S TA N D I N G
68,504,104
WARRANTS
27,990,834 5,100,000
OPTIONS F U L LY D I L U T E D
101,594,938
Stina Resources trades on the CSE under the symbol SQA, and the OTC MKTS under the symbol STNUF. CSE: SQA | OTCQB: STNUF
23
WARRANTS AND OPTIONS Warrants – 20,490,834 2,100,000 expiring September 19, 2018 at $0.15 4,000,000 expiring February 27, 2019 at $0.10 525,000 expiring September 11, 2020 at $0.15 325,000 expiring July 5, 2020 at $0.15 500,000 expiring January 22, 2020 at $0.15 11,000,000 expiring April 26, 2019 at $0.10 1,040,832 expiring January 8, 2019 at $0.12 1,000,000 expiring June 29, 2019 at $0.155 7,500,000 expiring October 17, 2020 at $0.45 Employee & Consultant Options – 5,100,000 5,100,000 expiring June 27, 2019 at $0.15
CSE: SQA | OTCQB: STNUF
24
THANK YOU STINA
CORPORATE
OFFICE
800 882 3213 604 244 0964 604 244 8554 604 244 8902 (fax)
BRIAN
STECYK
780 953 0111 bstecyk@stinaresources.com
SKANDERBEG CAPITAL
ADVISORS
Mario Vetro 604 687 7130 mario@skanderbegcapital.com
ROCHE
SECURITIES
Francis Roche, CFA 647 720 5733 froche@rochesecuritiesltd.com
LEARN
MORE
WWW.STINARESOURCES.COM
CSE: SQA