Investor Presentation – August 2025 Disclaimer Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws. Statements that are predictive in nature, that depend upon or refer to future events or conditions or that include the words "believe," "expect," "anticipate," "intend," "estimate" and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters identify forward- lookin ...

Core Viewpoint - Iron Oak Energy Solutions LLC has acquired the Northern White assets of HC Minerals, significantly enhancing its production capabilities and distribution network to better serve clients in the Marcellus and Utica natural gas shale plays [2][3][4]. Company Overview - Iron Oak Energy is a leading multi-basin proppant supplier in North America, with ten active production facilities and the ability to supply every major shale basin across the continent [8]. - The company is headquartered in The Woodlands, Texas, and is backed by Anchorage Capital Advisors L.P., Golden Gate Capital, NGP, and High Roller Group [8]. Acquisition Details - The acquisition includes HC Minerals' production facility in Wyeville, Wisconsin, which adds over three million tons per year of Northern White Sand capacity, increasing Iron Oak Energy's total production capacity to 37 million tons per year [3][7]. - The acquisition also adds four strategically located terminals in the Marcellus and Utica basins, enhancing the company's market reach and distribution efficiency [3][7]. Strategic Importance - The acquisition is part of Iron Oak Energy's growth strategy, aimed at meeting the anticipated strong demand growth in natural gas basins, particularly due to rising power generation needs, expanding data center infrastructure, and growing LNG exports [4]. - The integration of HC Minerals' expertise in proppant production and rail logistics aligns well with Iron Oak Energy's operational goals [4]. Financial Aspects - Concurrent with the acquisition, Iron Oak Energy secured a new term loan facility with Chambers Energy Capital and GoldenTree Asset Management, providing additional financial flexibility for future growth [5]. - Pro forma for the financing, Iron Oak Energy's balance sheet remains strong, with leverage levels well below a single turn of EBITDA [5].