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Formation Metals Inc. Formation Metals Inc.

ICP Consulting Engineers

Formation Metals Inc.

Corporate Info

Samuel Engineering, Inc. (Feasibility Study Engineer)

Samuel Engineering, Inc. ("SE") is a multi-discipline, high performance team of over 90 engineering and design professionals who have worked together for the past 25 years on world class mining projects ranging in size from $15 million to $600 million. SE has been instrumental in working on Formation's past engineering studies and plays a continuing role in the development of the ICP. Currently SE is in the process of completing a Preliminary Economic Assessment technical report on the viability of producing battery grade cobalt chemicals from the ICP.

SE previously completed work on the ICP:

• Plant Site Earthwork Design
• Concrete and Steel Engineering for all Equipment and Buildings
• Plant Layout Design and 3-D Modeling
• Equipment Specification and Quotation
• Piping Design
• Electrical and Instrumentation Engineering
• Automation Design and Programming
• Process Engineering
• Project Management
• Project Controls Services (Scheduling, Cost Controls, etc.)

Mine Development Associates (Reserve/Resource Estimation and Mine Design)

Mine Development Associates ("MDA") was formed in 1987 as a full-service mine engineering company. Their staff and specialized associates offer an expanse of knowledge encompassing every aspect of mining, from original prospect through feasibility, project development and production. MDA's engineers and geologists are registered professionals and have considerable experience in mineral exploration and mine operations. MDA conducts business worldwide and works with a variety of clients, from the largest mining company to the smallest prospector, banking institutions, and other consulting companies. MDA produced two pre-feasibility studies for the ICP. Their experience with the project makes them ideally suited to continue on with the reserve/resource estimate and mine design.

Qualified Persons:

Richard Kunter, QP, FAus, BS, MS, IMM (CP)
Idaho Cobalt Project

Neil Prenn, PE, Mining Engineer - Mine Development Associates
Idaho Cobalt Project

Formation Metals Inc. (the "Company") Website Content Qualified Person (QP) Disclosure:

The technical information on this website has been reviewed and approved by Vice President of the Company E.R. (Rick) Honsinger, P.Geo., the Qualified Person for the Company as defined by NI 43-101.

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