STEEL & HIGH PURITY IRON POWDER

PRISM is Developing a World-Scale Portfolio
of Critical Minerals

Iron Ore Products: Steel and High Purity Iron Powders

PRISM's Clear Hills resource, as described in its NI 43-101 technical resource report with a recent Mineral Resource Statement dated 20 Feb 2026, contains 149 million tonnes of contained iron and 903,594 tonnes of contained vanadium pentoxide. The scale of this resource will support many decades of production.

The reductive chlorination process to be implemented by PRISM can produce high purity Iron with three strategic market opportunities (% are of iron ore volume sold):

  1. Primary Steel Products (~80%) - steel billets, blooms and slabs for sale to downstream steel product manufacturers

  2. Iron Feedstock Production (~20%) - substitute for traditional Direct Reduced Iron (DRI)/Hot Briquetted Iron (HBI) or Pig Iron

  3. Specialized Iron Powders (~1%) - Additive Manufacturing/3D Printing- high purity iron powders (99.95% powders)

Significant Revenue Potential - image showing 80% steel/20% Fe sales