Silicon Investor - Rare Earth Elements and Exotic Metals

[LoneClone] [Vanadium[ Anfield Energy Completes Phase One Surface Construction at Velvet-W...

LoneClone — 6/5/2026 4:54:07 PM

[Vanadium[
Anfield Energy Completes Phase One Surface Construction at Velvet-Wood Project

globenewswire.com

June 01, 2026 07:00 ET | Source: Anfield Energy Inc.

VANCOUVER, British Columbia, June 01, 2026 (GLOBE NEWSWIRE) -- Anfield Energy Inc. (NASDAQ: AEC; TSX.V: AEC; FRANKFURT: 0AD) (“Anfield” or the “Company”) is pleased to announce the successful completion of phase one surface construction (“Phase One”) at its Velvet-Wood uranium and vanadium project in Utah (“Velvet-Wood”). With Phase One now complete, the Company will shift focus to phase two of mine construction at Velvet-Wood (“Phase Two”).

Corey Dias, Anfield CEO, commented: “The successful completion of Phase One surface construction at Velvet-Wood marks strong progress on the ground made possible by our expanded workforce. We are now advancing into Phase Two, with initial underground development activities expected to commence within the next 30 days. This advancement is significant in the broader U.S. context, as Velvet-Wood was the first uranium mine to be advanced through expedited permitting under the current administration.

Anfield is proud to do its part in answering the call to vastly expand America’s nuclear capacity and energy independence. We remain firmly on track to resume production at Velvet-Wood by the end of 2026.”

Phase Two will focus on the dewatering and rehabilitation of the existing underground workings, along with construction of the ore pad to allow for mining to begin upon completion of the dewatering. Phase Two is expected to last approximately 6 months. Initial underground development activities are expected to commence within the next 30 days at Velvet-Wood.

Phase three of mine construction at Velvet-Wood (“Phase Three”) will involve the buildout of permanent surface infrastructure, including the mine office, shop/warehouse, and permanent power. The Company intends to produce mined material concurrently with the completion of this final development phase.

The completed Phase One work at Velvet-Wood included the following actions:

Stripped the topsoil from the original mine area and stockpiled approximately 4,500 cubic yards of clean topsoil, set aside for future reclamation work;
Completed a full site survey to orient the surface with the underground workings;
Installed a temporary office and shop to support construction and site development;
Built or improved nearly 3 miles of roads, including both county roads and site roads;
Installed temporary power to the site;
Uncovered the previous plugged/reclaimed decline shaft and constructed the new portal and gates;
Installed ventilation for the underground;
Rehabilitated nearly 1,500 feet of decline;
Activated the mine ID with the U.S. Mine Safety and Health Administration, enabling the start of mining and mine construction;
Built pads for the permanent facilities (mine office, shop/warehouse, and water treatment); and
Restarted the Company’s Papoose limestone quarry, supplying all aggregate used on site for road and pad construction.

This progress allows Anfield to remain on schedule to return the Velvet-Wood mine to production by the end of 2026. This milestone is made more significant by the fact that the mine last produced in 1984, while the remaining Lisbon Valley mines were ultimately shuttered by 1988. For more than 40 years this resource area has been waiting for the return of the U.S. uranium industry.

This progress supports Anfield’s hub-and-spoke strategy, centered on the fully permitted Shootaring Canyon Mill in Utah and its portfolio of high-quality uranium-vanadium assets in Utah and Colorado.

About Anfield

Anfield is a uranium and vanadium development company that is committed to becoming a top-tier energy-related fuels supplier by creating value through sustainable, efficient growth in its assets. Anfield is a publicly traded corporation listed on the NASDAQ (AEC-Q), the TSXV (AEC-V) and the Frankfurt Stock Exchange (0AD).

On behalf of the Board of Directors
ANFIELD ENERGY INC.
Corey Dias, Chief Executive Officer

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Contact:

Anfield Energy, Inc.
Corporate Communications
604-669-5762
contact@anfieldenergy.com
www.anfieldenergy.com

This news release contains forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as “plans”, “expects”, “estimates”, “intends”, “anticipates”, “believes” or variations of such words, or statements that certain actions, events or results “may”, “could”, “would”, “might”, “occur” or “be achieved”. Forward-looking statements in this release include, but are not limited to, statements regarding Phase Two, including, without limitation, the dewatering and rehabilitation of the existing underground workings, the construction of the ore pad to allow for mining to begin upon completion of the dewatering, the duration of Phase Two expecting to last approximately six months, and the expectation that initial underground development activities will commence within the next 30 days at Velvet-Wood; statements regarding Phase Three, including, without limitation, the buildout of permanent surface infrastructure, including, without limitation, the mine office, shop/warehouse, and permanent power, and the intention to produce mined material concurrently with the completion of this Phase Three; the Company returning the Velvet-Wood mine to production by the end of 2026; ; and statements regarding the Company’s hub-and-spoke uranium and vanadium strategy, centered on the Shootaring Canyon Mill as the central processing facility. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance and opportunities to differ materially from those implied by such forward looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, among other things: risks that Phase Two will not be completed as contemplated, or at all; risks that Phase Three will not be complete as contemplated, or at all; risks that the Velvet-Wood mine may not be returned to production as contemplated, or at all; the risks and uncertainties relating to exploration and development; the ability of the Company to obtain additional financing; the need to comply with environmental and governmental regulations in Canada and the United States; fluctuations in the prices of commodities; operating hazards and risks; competition and other risks and uncertainties and other such factors as are set forth in the annual information form for the Company’s most recently completed year end, as well as the management discussion and analysis and other disclosures of risk factors for the Company, filed on SEDAR+ at www.sedarplus.ca. Although the Company believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

[LoneClone] [Tungsten] Protium Clean Energy Enters Agreement to Acquire Emma and Ten O'Cloc...

LoneClone — 6/5/2026 3:24:05 PM

[Tungsten]
Protium Clean Energy Enters Agreement to Acquire Emma and Ten O'Clock Property

newsfilecorp.com

June 05, 2026 8:30 AM EDT | Source: Protium Clean Energy Corp.

Toronto, Ontario--(Newsfile Corp. - June 5, 2026) - Protium Clean Energy Corp. (CSE: GRUV) (the "Company") announces that it has entered into a property purchase and sale agreement (the "Acquisition Agreement") with the beneficial owners (the "Sellers") of the Emma Prospect and the Ten O'clock Mine.

Under the terms of the Acquisition Agreement the Company is required to make a $200,000 payment and issue 10,000,000 common shares to the Sellers in exchange for the properties.

The transaction is subject to approval of the CSE. The Sellers are arms-length to the Company. The securities issued will be subject to a four month and one day hold from the date of issuance.

Ten O'Clock Mine

The Ten O'Clock Hope Mine is a historical tungsten asset strategically positioned within Nevada's renowned Gabbs tungsten district, approximately 4.5 miles northeast of Gabbs on the divide between Craig Canyon and Lodi Valley. Historical production records indicate that during 1954-1955 approximately 100 tons of ore averaging an estimated 1.0% WO3 were shipped to the nearby Yaney Mill 1.

What makes the Ten O'Clock Hope Mine particularly compelling is the extensive evidence of historical mining activity across the property. Multiple underground adits, trenching systems, historic workings, and large mineralized dump piles remain visible throughout the project area. Numerous high-grade trenching zones and exposed mineralized structures indicate the potential for stacked or repeating tungsten-bearing zones that remain virtually unexplored by modern exploration techniques1.

The Company believes Ten O'Clock Hope may represent a rare opportunity to advance a U.S.-based tungsten asset at a time when global demand for secure domestic tungsten supply is accelerating. Tungsten is classified as a critical and strategic metal by the United States due to its importance in aerospace, military, semiconductor, and advanced manufacturing industries, while Western supply chains remain heavily dependent on foreign production.

Importantly, the property benefits from exceptional year-round road access and nearby water availability - a major advantage that dramatically reduces exploration and future development costs compared to remote critical metals projects. Management plans to aggressively advance the project through detailed geological mapping, geophysical surveys, channel sampling, trenching, and systematic target definition programs aimed at uncovering the true scale of the mineralized system.

Emma Prospect

The Emma Prospect, located approximately 1.5 miles from the Ten O'Clock Hope Mine along the southern edge of Lodi Valley, represents another highly prospective historical tungsten occurrence within the emerging Gabbs tungsten corridor. Historical records confirm that approximately 3 tons of tungsten ore grading an estimated 1.0% WO3 were shipped from the property to the Yaney Mill in 19551.

While historical production at Emma was limited, the project hosts multiple historic adits, trenching systems, exposed mineralized zones, and substantial dump piles that collectively point toward the possibility of a much larger mineralized footprint. Early field observations suggest strong structural continuity across the property, with the potential for multiple tungsten-bearing zones extending beyond the historical workings.

Management believes Emma has the potential to evolve into a significant exploration discovery within one of Nevada's historic tungsten belts. The district itself is known for hosting high-grade tungsten mineralization associated with skarn and contact replacement systems - geological environments capable of producing substantial tungsten deposits globally.

With tungsten prices strengthening and the United States urgently seeking secure domestic critical metals supply chains, the Company believes both the Ten O'Clock Hope Mine and Emma Prospect are uniquely positioned to capitalize on the growing strategic importance of U.S.-based tungsten exploration projects.

Tungsten mineralization is characterized mainly by: (1) structural control (i.e. veins and fracture), (2) association with highly fractured granitic intrusions, and (3) alteration greisen-type. Sn-W deposits re strongly connected to the granitic rock belts. They consist of a dense network of sub horizontal mineralized quartz veins, intersecting the subvertical foliation. Mineralized quartz veins emerge from a greisenized granite dome exposed in the deepest galleries of the mine. The hydrothermal re veins with a greisenized granite dome of the same age indicate that magmatic fluids may have been an important component. A deep crystallising granite under the vein system would provide a source for the high overpressures encountered in the quartz layer. These high pressures were able to open the subhorizontal vein system.

Tungsten Deposit Model after Sinclair 1986

To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com

The technical and scientific information contained in this news release has been reviewed and approved by Derrick Strickland, is an independent consulting Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects."

"Marc Branson"
Chief Executive Officer
Protium Clean Energy Corp.
investors@protium.ca
604-816-2555

1 Stager, H.K. and Tingley J. O. 1988 Tungsten deposits in Nevada Bureau of Mine and Geology Bulletin 105 Sinclair W.D. 1996. Vein-Stockwork Tin, Tungsten. In Geology of Canadian Mineral deposit types. Edited by O.R. Eckstrand, W.D. Sinclair, R.I. Thorpe. Geological Survey of Canada, Geology of Canada. No.8. pp. 409-420.

Cautionary Statement

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding the proposed acquisition of the Ten O'Clock Hope Mine and Emma Prospect, the satisfaction of the conditions to closing under the Acquisition Agreement, including approval of the Canadian Securities Exchange, the issuance of consideration shares, the Company's planned exploration and evaluation activities on the properties, and the perceived potential, strategic importance and future development prospects of the properties. Forward-looking information is often identified by words such as "expects", "plans", "believes", "intends", "may", "will", "could", "should", "anticipates" and similar expressions, although not all forward-looking information contains these identifying words.

Forward-looking information in this news release is based on a number of assumptions, including, without limitation, that the parties will complete the proposed acquisition on the terms currently contemplated, that all required approvals will be obtained in a timely manner, that the Company will be able to access financing and personnel required to advance the properties, and that exploration, sampling, mapping, trenching, geophysical work and related programs will proceed as currently expected. Forward-looking information relating to the properties also reflects management's current expectations regarding the significance of historical workings, historical production references, geological interpretations, access and infrastructure advantages, and the potential for further exploration success; however, such statements are inherently uncertain and subject to significant business, economic, technical and competitive risks.

Actual results may differ materially from those expressed or implied by such forward-looking information as a result of risks and uncertainties including, without limitation: the risk that the proposed acquisition will not close on the anticipated terms or at all; the failure to obtain required regulatory approvals, including approval of the Canadian Securities Exchange; delays in closing; risks relating to title, access, permitting, environmental matters and community or governmental approvals; risks associated with mineral exploration and development, including that exploration activities may not confirm historical interpretations or lead to the definition of mineral resources or mineral reserves; uncertainties relating to the accuracy, reliability and relevance of historical information; operational and technical risks; the availability of financing on acceptable terms; commodity price fluctuations, including tungsten prices; and general economic, market and industry conditions.

Although the Company considers the assumptions and expectations reflected in the forward-looking information to be reasonable as of the date of this news release, no assurance can be given that such assumptions or expectations will prove to be correct, and prospective investors should not place undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are also cautioned that historical information referenced in this news release has not been verified as current mineral resources or mineral reserves and should not be unduly relied upon. For additional information regarding the risks and uncertainties applicable to the Company, readers should refer to the Company's public disclosure record filed with the applicable Canadian securities regulatory authorities.

Project Claims and Historical Production.

To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com

Source: Protium Clean Energy Corp.

[LoneClone] Greenland Mines Completes Site Visit to Sarfartoq Nd-Pr Rare Earth Magnet Proje...

LoneClone — 6/5/2026 1:11:58 PM

Greenland Mines Completes Site Visit to Sarfartoq Nd-Pr Rare Earth Magnet Project in Greenland; Prepares 2026 Field Program

prnewswire.com

News provided by Greenland Mines Ltd Jun 04, 2026, 08:30 ET

CHARLOTTE, N.C., June 4, 2026 /PRNewswire/ -- Greenland Mines Ltd ("Greenland Mines" or the "Company") (Nasdaq: GRML) today announced that its Greenland operations team has completed an inaugural site visit to the Sarfartoq neodymium-praseodymium ("Nd-Pr") rare earths project in southwest Greenland. On May 20, 2026, the Company signed a definitive agreement to acquire Neo North Star Resources, Inc., owner of the Sarfartoq Project, from its stockholders including Neo Performance Materials ("Neo").

Outcropping ST1 Nd Pr mineralization: Outcropping Nd Pr rich rare earth mineralization at the ST1 zone of the Sarfartoq Project, photographed during Greenland Mines’ May 28, 2026 site visit.

Drill rigs and logistics at Sarfartoq: View across the ST1 plateau showing the two stored diamond drill rigs, field equipment and the Air Greenland helicopter used during the May 28, 2026 site visit, illustrating the quality of existing drilling and logistics infrastructure at Sarfartoq.

Neo Star Camp at the Sarfartoq Project: A fully equipped field facility capable of accommodating approximately 25–30 personnel and providing full support infrastructure for exploration, drilling and development activities across the Sarfartoq license area.

Nd-Pr-mineralized core sample: Nd Pr mineralized core sample from historic drilling at the Sarfartoq Project, stored at the on site camp alongside core from 161 drill holes totaling approximately 35,800 meters.

Sarfartoq is a cornerstone asset within the Company's North Atlantic critical minerals portfolio and the on-site camp and drill rigs support plans for near-term geological and environmental work.

Site visit overview

On May 28, 2026, Country Manager Hans Jensen and Permitting and Community Manager Robert Møller inspected the ST1 Nd-Pr ore zone within exploration license MEL 2020-32 and assessed several of the other ST targets – with particular emphasis on ST40 and the approximately 2.5-kilometre corridor between ST1 and ST40. The team also reviewed existing infrastructure including two diamond drill rigs stored at site and the fully equipped Sarfartoq camp.

The drill rigs, camp facilities and field-support infrastructure are in excellent condition and well suited to supporting new exploration and project development campaigns. The existing camp is designed to accommodate approximately 25–30 personnel and provides full support facilities for geological, drilling and environmental work across the Sarfartoq license area.

2026 field intentions and technical work

Greenland Mines intends to re-open the Sarfartoq camp later in 2026 to support geological mapping, data verification and planning for future drilling, as well as the second year of environmental baseline studies with a view to submitting all relevant documentation for an Exploitation License. Work planning is underway, and the Company expects that having a well-maintained camp and on-site drill rigs will allow field activities to ramp up efficiently once final programs and approvals are in place.

Neo North Star Resources completed an infill drill program on the ST1 Nd-Pr ore body in 2023, together with geophysical and geochemical surveys. A total of approximately 4,607 meters of core was drilled at ST1 during that program, in addition to the more than 18,000 meters of historic drilling previously completed at ST1 and other targets on the property. In total, 161 drill holes totaling roughly 35,800 meters have been drilled across the Sarfartoq property.

These more recent data have only been used in internal studies by Neo and have not yet been publicly disclosed. Greenland Mines intends to have the 2023 drilling and associated datasets validated and interpreted by an independent geological consultancy as a priority step toward updating the Mineral Resource for ST1.

In addition to supporting an updated Mineral Resource Estimate for ST1, Greenland Mines believes the 2023 drilling and associated technical work will help further define the growing geometry of mineralization and improve understanding of value drivers not reflected in the historic 2011 Preliminary Economic Assessment ("PEA"). These may include the potential role of niobium as a future by-product and the additional contribution of certain higher-value heavy rare earth elements, including terbium and dysprosium1, to the project's basket value, which were not explicitly considered in the historic 2011 PEA.

The Company is currently initiating a plan to update the PEA, incorporating a new Mineral Resource Estimate as well as current rare earth market prices.

The Company believes that the newer data will assist in evaluating development concepts beyond the historic ST1-only case, including how mineralization in the broader ST1-ST40 trend would influence future resource growth, mine planning and project optimization.

In the Company's view, an updated Mineral Resource and a modernized PEA will form a strong technical foundation for advancing the Sarfartoq Nd-Pr rare earths project through its next phase of development. The Company believes that process could materially reset market understanding of Sarfartoq's scale, quality and future production potential.

Strategic rationale and execution

Landing a site team at Sarfartoq within a couple weeks of announcing the acquisition agreement highlights both the strength of the Company's in-country platform in Greenland and the benefits of inheriting a well-organized project from Neo. During the visit, the Greenland Mines team also overflew and inspected several locations previously identified in earlier studies as potential sites for future infrastructure associated with a possible mining scenario, providing valuable context for upcoming technical and permitting work.

Greenland Mines believes Sarfartoq stands out within Greenland's rare earth landscape because it combines strong Nd-Pr enrichment with more than 15 years of substantial technical work, historic economic studies, conventional rare earth mineralogy that underpins producing operations elsewhere, favorable logistics and a development profile that the Company believes may be comparatively straightforward relative to many other rare earth projects. This positioning is further strengthened by Neo's continued commitment to Sarfartoq as both an offtake partner and a shareholder.

Greenland Mines also believes that newer drilling and technical work may support a stronger and more valuable future development case than is reflected in the historic public studies, subject to independent validation and future disclosure.

Comment from Country Manager Hans Jensen

Hans Jensen, Country Manager for Greenland Mines, commented:

"Seeing Sarfartoq on the ground so soon after signing the acquisition agreement was both impressive and motivating. The ST1 and ST40 zones and the corridor between them show exactly the kind of scale and continuity we want to be working on, and the existing camp, drill rigs and logistics setup are some of the most well-organized field assets I have seen in Greenland. That gives us real confidence that we can get "boots on the ground" quickly and move the Project forward without losing seasons."

"We want to acknowledge Neo North Star Resources and Neo Performance Materials for the quality of the work and infrastructure they have established at Sarfartoq. Their ongoing role as a strategic offtake partner and shareholder means this is not just a project hand-off; it is a continuation of a long-term collaboration that links a Greenlandic source of Nd-Pr-rich material with proven mid- and downstream rare earth processing and magnet production capability. Just as importantly, the more recent drilling appears to have added meaningful technical momentum to the Project, and we believe that, once independently validated, those data may support a stronger and more valuable development case than is captured in the historic 2011 PEA study."

License transfer and closing

As part of the ongoing transaction, the application for transfer of the Sarfartoq exploration license has been submitted to the Government of Greenland, and the license transfer process has been initiated.

Closing of the acquisition remains subject to customary closing conditions, including approval from the Government of Greenland under Section 69 of the Greenland Mineral Activities Act for the indirect transfer of the mineral rights licenses, as well as certain other regulatory and third-party consents. Greenland Mines and Neo have agreed to use commercially reasonable efforts to obtain all necessary approvals as promptly as practicable.

About the Sarfartoq Nd-Pr Rare Earths Project

Sarfortoq is an advanced carbonatite-hosted rare earths project located in the Qeqqata region of southwest Greenland, approximately 60 km from the international airport at Kangerlussuaq and close to sheltered deep-fjord tidewater and prospective hydropower resources. The Project is strongly enriched in neodymium and praseodymium – the key rare earth elements used in high-performance permanent magnets for electric vehicles, wind turbines, defense systems and other high-efficiency motors and generators. Historic work includes a NI 43-101 Mineral Resource Estimate at the ST1 zone, a Preliminary Economic Assessment completed in 2011, extensive drilling, metallurgical test work and environmental baseline studies.

The license package also includes the Nukittooq niobium-tantalum project and prospective phosphorus mineralization, adding further critical minerals optionality within the broader carbonatite system.

About Greenland Mines Ltd

Greenland Mines Ltd is a Nasdaq-listed company with two operating divisions: (1) Mining, focused on the exploration and development of the Skaergaard Project in southeast Greenland and, subject to closing of the previously announced transaction, the Sarfartoq rare earths project in southwest Greenland; and (2) Biotech, including Klotho's KLTO-202 primary indication for ALS. Through its recent acquisition of Greenland Mines Corp., the Company holds the Skaergaard Project, which hosts an NI 43-101 (November 2022) Mineral Resource of 11.4 Moz PdEq Indicated and 14.1 Moz PdEq Inferred. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. No preliminary economic assessment, pre-feasibility study or feasibility study has been completed on the Skaergaard Project, and there is no certainty that the Mineral Resources disclosed will be converted to Mineral Reserves or that an economically viable mining operation can be established. The Company is led by an experienced team of mining, geological, biotech and capital markets professionals.

Forward-Looking Statements

This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified by words such as "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result" and similar expressions. Without limiting the generality of the foregoing, the forward-looking statements in this press release include statements regarding (i) the scope, timing and objectives of environmental work at the Sarfartoq Project, including the anticipated second year of environmental baseline studies; (ii) the potential role of such baseline work in supporting any future environmental assessment, permitting and project-planning activities; (iii) the Company's expectations and plans with respect to the advancement of the Sarfartoq Project; and (iv) the Company's broader strategy and activities in Greenland.

Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including, but not limited to, risks and uncertainties related to: the Company's ability to successfully plan and execute environmental baseline work at Sarfartoq as currently envisioned; weather, logistical, operational or other constraints affecting field programs; changes in applicable laws, regulations or guidelines in Greenland or elsewhere; the timing, outcome and requirements of governmental and regulatory processes, including any future EIA and permitting processes; the Company's ability to obtain necessary approvals and third-party consents; the Company's ability to successfully complete the previously announced acquisition of Sarfartoq; the Company's ability to implement its broader business plans, identify and realize additional opportunities, and meet or exceed its financial or operational projections; and other risks and uncertainties described in the documents filed or to be filed by the Company with the U.S. Securities and Exchange Commission (the "SEC") from time to time.

Readers should carefully consider the foregoing factors and the other risks and uncertainties described in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

Investor Contact and Corporate Communications:
ir@greenlandmines.com

Website:
www.greenlandmines.com

__________________________

1 As of Q2 2026, heavy rare earth benchmark prices are on the order of US$800–900/kg for terbium oxide (Tb4O7) and approximately US$180–210/kg for dysprosium oxide (Dy2O3), based on China Tungsten Industry Association (CTIA) published China-domestic oxide prices and Fastmarkets' cip global Tb and Dy oxide assessments (contracts MB-TB-0004 and MB-DY-0005).

SOURCE Greenland Mines Ltd

[LoneClone] [Tungsten] Guardian Metal Resources Announces Discovery of Tremor Zone at Pilo...

LoneClone — 6/5/2026 12:49:49 PM

[Tungsten] Guardian Metal Resources Announces Discovery of Tremor Zone at Pilot Mountain

accessnewswire.com

Thursday, 04 June 2026 02:00 AM

LONDON, UK / ACCESS Newswire / June 4, 2026 / Guardian Metal Resources plc (NYSE.A:GMTL)(LON:GMET)(OTCQB:GMTLF), a strategic exploration company focused on tungsten in Nevada, USA, is pleased to announce the discovery of the "Tremor Zone", a newly identified mineralised zone, within the Company's 100%-owned Pilot Mountain Tungsten Project ("Pilot Mountain" or the "Project"), located in Nevada, USA. Following analysis of geological and geophysical datasets, the Company's in-house technical team identified the Tremor Zone area as one of the Project's priority exploration targets. The area was also being evaluated as a potential location for key mine infrastructure as part of the ongoing Pre-Feasibility Study ("PFS"). Condemnation drilling was therefore required across this blind target area, and the initial drill hole, utilising a reverse circulation ("RC") drill rig, intersected multiple intervals of tungsten-rich skarn mineralisation. The PFS, which is nearing completion, is being supported by a U.S. Department of War $6.2m Defense Production Act Title III investment¹ in Guardian Metal's wholly-owned subsidiary, Golden Metal Resources (USA) LLC.

As a critical defense metal, tungsten has been designated as a strategic priority by the U.S. government. Guardian Metal is focused on advancing its co-flagship projects, Tempiute and Pilot Mountain, to become key pillars of U.S. tungsten supply and help drive the reshoring of domestic mined production. This is intended to help the U.S. reduce reliance on foreign supply chains, strengthen economic and defense security, and deliver long-term value for shareholders.

Highlights:

The Tremor Zone is a newly discovered tungsten-skarn zone, identified by the Company's in-house technical team during condemnation drilling conducted at one of the Project's priority exploration targets in connection with the ongoing PFS.
The initial Tremor Zone discovery drillhole, PMR26-077, intersected five distinct zones of tungsten-rich skarn mineralisation which include a highlight intercept of 13.68m of 0.31% WO3 from only 102.11m - 115.82m downhole (see Table 1) as well as 3.04m of 0.24% WO3 (from 83.83m), 4.56m of 0.16% WO3 (from 118.87m), 1.52m of 0.24% WO3 (from 143.26m), and 4.56m of 0.24% WO3 (from 152.4m). The Tremor Zone is classified as a blind discovery as it is obscured by alluvial cover and therefore does not directly outcrop at surface.
Following the completion of RC drillhole PMR26-077, an additional drill rig was mobilised to the area to follow up and to test for any potential extensions. Subsequent drill holes PMR26-078, PMR26-079, PM26-088, PM26-096, and PM26-097 also intersected visually identified tungsten-bearing skarn over approximate widths of 12m, 28m, 66m, 14m and 38m respectively.*
To date, the Tremor Zone has been delineated over approximately 400 metres of strike length, with drilling ongoing utilising two diamond drill core rigs targeting both infill and step-out drilling as the Tremor Zone remains open in multiple directions.
While the Tremor Zone is at an early stage of drilling and will not be incorporated into the upcoming PFS, the Company has retained flexibility within its infrastructure planning to allow for its potential inclusion in future studies, subject to further drilling and technical evaluation.
The Tremor Zone is located within a part of the Pilot Mountain Project that is entirely royalty free.
The Tremor Zone results further support the Company's view that Pilot Mountain may contain further exploration potential, with multiple at-surface skarn zones, including Garnet, Good Hope and Gunmetal, yet to be fully tested, in addition to unnamed blind skarn targets generated by the Company's in-house exploration team.

*No resource estimate has been prepared for the Tremor Zone and further drilling and evaluation will be required to determine its significance to the broader Pilot Mountain Project.

Oliver Friesen, CEO of Guardian Metal, commented:

"The blind discovery of the Tremor Zone is a very exciting result for Guardian, coming at a time when we are advancing Pilot Mountain at pace across multiple engineering and exploration workstreams simultaneously. The fact that the Tremor Zone was identified during routine condemnation drilling across just one of the Project's multiple priority exploration target areas, highlights the untapped exploration potential that we believe exists at Pilot Mountain.

"We have always maintained that this Project remains largely underexplored, and the Tremor Zone is a compelling demonstration of that view. We look forward to announcing additional assay results as we continue to drill and define this new zone, while also advancing testing across the Project's other priority exploration targets, all in parallel with our ongoing PFS workstreams."

Further Details

Drillhole ID	From (m)	To (m)	Length (m)	WO3(%)	Zn(%)	Ag(ppm)
PMR26-077	83.82	86.87	3.04	0.24
and	102.11	115.82	13.68	0.31
and	118.87	123.44	4.56	0.16	0.22	139.27
and	143.26	144.78	1.52	0.24	0.40
and	152.4	156.97	4.56	0.24	0.40	20.37

Table 1: RC Drill Hole PMR26-077 Downhole Results

References

Company announcement, U.S. Department of Defense Awards $6.2M to Golden Metal Resources for the Pilot Mountain Project, dated 23 July 2025
( pr.report )

COMPETENT PERSON STATEMENT

The technical information contained in this disclosure has been read and approved by Mr Nick O'Reilly (MSc, DIC, MIMMM QMR, MAusIMM, FGS), who is a qualified geologist and acts as the Competent Person under the AIM Rules - Note for Mining and Oil & Gas Companies. Mr O'Reilly is a Principal consultant working for Mining Analyst Consulting Ltd which has been retained by Guardian Metal Resources plc to provide technical support.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018). The Directors of the Company are responsible for this announcement.

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or anticipated future events and anticipated results that are forward-looking in nature, and, as a result, are subject to certain risks and uncertainties, including general economic, market and business conditions, competition for qualified staff, the regulatory process and actions, technical issues, new legislation, potential delays or changes in plans, uncertainties resulting from operating in a new political jurisdiction, uncertainties regarding the results of exploration, the timing and granting of prospecting rights, the timing and granting of regulatory and other third party consents and approvals, Guardian Metal's or any third party's ability to execute and implement future plans, and the occurrence of unexpected events.

Forward-looking statements are subject to risks and uncertainties, including those described in the Company's filings with the U.S. Securities and Exchange Commission. Guardian Metal undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

This announcement does not purport to be full or complete. No reliance may or should be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness or completeness. The information in this announcement is subject to change.

For further information visit www.Guardianmetalresources.com or contact the following:

Guardian Metal Resources plc Oliver Friesen (CEO)	Tel: +44 (0) 20 7583 8304
Cairn Financial Advisers LLP Nominated Adviser Sandy Jamieson/Jo Turner/Louise O'Driscoll	Tel: +44 (0) 20 7213 0880
Berenberg Joint Broker and Financial Adviser Jennifer Lee/Ivan Briechle	Tel: +44 (0) 20 3207 7800
Tamesis Partners LLP Joint Broker Charlie Bendon/Richard Greenfield	Tel: +44 (0) 20 3882 2868
Tavistock Financial PR in the UK Emily Moss/Josephine Clerkin	Tel: +44 (0) 7920 3150 / +44 (0) 7788 554035 guardianmetal@tavistock.co.uk
Edelman Smithfield Financial PR in the US	guardianmetal@edelmansmithfield.com

About Guardian Metal Resources

Guardian Metal Resources PLC (NYSE.A:GMTL)(LON:GMET)(OTCQB:GMTLF) is a strategic mineral exploration company driving the revival of U.S. mined tungsten production and strengthening America's defense metal independence. The Company is advancing two co-flagship tungsten projects, Pilot Mountain, one of the largest undeveloped tungsten deposits in the U.S. and Tempiute, formerly America's largest producing tungsten operation, both located in Nevada, one of the top-rated mining jurisdictions in the United States.

In July 2025, the U.S. Department of War (DoW) under Title III of the Defense Production Act of 1950, as amended, invested US$6.2M in Golden Metal Resources (USA) LLC, a wholly-owned subsidiary of Guardian Metal Resources PLC, to support the Pilot Mountain PFS. The Company completed a U.S. listing on the NYSE American on March 20, 2026.

Tungsten is a strategic metal critical to the defense, energy transition, technology, and industrial sectors. In the context of shifting geopolitical dynamics and tightening Chinese export restrictions, Guardian Metal is well positioned to play a leading role in re-establishing a secure, domestically mined U.S. supply chain for this vital defense metal.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Guardian Metal Resources PLC

[LoneClone] [Graphite] Graphano Reports High-Grade Grab Sample Results of up to 26.5% Cg fr...

LoneClone — 6/5/2026 12:44:22 PM

[Graphite]
Graphano Reports High-Grade Grab Sample Results of up to 26.5% Cg from Spring Exploration Program at Black Jack

newsfilecorp.com

June 04, 2026 3:01 AM EDT | Source: Graphano Energy Ltd.

Vancouver, British Columbia--(Newsfile Corp. - June 4, 2026) - Graphano Energy Ltd. (TSXV: GEL) (FSE: 97G0) ("Graphano" or the "Company") is pleased to report high-grade graphitic carbon assay results from grab samples collected during the Company's spring exploration program at the newly identified Black Jack graphite showing, located approximately one kilometre northwest of the Company's Black Pearl graphite discovery in Québec.

A total of 28 grab samples collected from the exposed graphite-bearing horizon returned values ranging from 12.0% Cg to 26.5% Cg, with an average grade of 19.8% Cg. Twenty-five of the 28 samples returned grades greater than 15.0% Cg, and 15 samples returned grades of 20.0% Cg or higher.

Dr. Luisa Moreno, Chief Executive Officer of Graphano, commented: "These results confirm the presence of high-grade graphite mineralization at Black Jack and further strengthen our view that this new discovery is an important addition to the broader Black Pearl graphite trend. The consistency of the grab sample results across the exposed horizon is particularly encouraging, with all samples returning strong graphitic carbon values. While grab samples are selective by nature, the results provide a strong basis for the next phase of work, including mapping, stripping, and systematic channel sampling to better define the continuity, width, and scale of the graphite-bearing horizon."

The samples were collected from an exposed, visually continuous graphite-bearing horizon measuring approximately 100 metres long and up to 15 metres wide. Field observations indicate that the exposed zone represents a single, laterally continuous graphite horizon with homogeneous graphite mineralization. Systematic channel sampling will be required to confirm grade continuity across the exposed width and along strike. The new Black Jack graphite showing is situated along a cluster of airborne conductive anomalies having an indicated strike length of more than 1,100 metres. Further work is required to evaluate this larger scale potential and to determine how it correlates with the nearby Black Pearl graphite discovery.

Highlights

The 28 grab samples averaged 19.8% Cg.
All 28 grab samples returned grades of 12.0% Cg or higher.
25 of 28 samples returned grades greater than 15.0% Cg.
15 of 28 samples returned grades of 20.0% Cg or higher.
The exposed graphite-bearing horizon measures approximately 100 metres long and up to 15 metres wide.
The newly discovered Black Jack graphite mineralization occurs along a cluster of airborne conductive anomalies having an indicated strike length of more than 1.1 kilometres.

Table 1: Black Jack - Prospecting Sample Assay Results

Black Jack - Prospecting Sample Results
Sample #	Northing (m)	Easting (m)	% Cg	Sample #	Northing (m)	Easting (m)	% Cg
931101	5155272	492474	18.8	931115	5155266	492427	18.9
931102	5155267	492469	20.6	931116	5155270	492426	19.8
931103	5155271	492457	20.4	931117	5155269	492434	21.4
931104	5155266	492444	19.4	931118	5155268	492435	19.2
931105	5155141	492931	12	931119	5155265	492439	20.1
931106	5155263	492445	14.9	931121	5155265	492437	16.6
931107	5155262	492446	22.8	931122	5155265	492436	22
931108	5155260	492443	22.3	931123	5155261	492447	19.3
931109	5155260	492442	26.5	931124	5155272	492443	20.1
931110	5155258	492438	20.5	931125	5155270	492446	19.5
931111	5155264	492436	19	931126	5155262	492411	23.8
931112	5155264	492430	20.7	931127	5155264	492398	20.3
931113	5155263	492428	21.4	931128	5155260	492394	12.4
931114	5155266	492427	17.8	931129	5155255	492408	23.5
Notes:	UTM Nad 83, Zone 18
	Average Grade of all 28 samples is 19.8% Cg
	The prospecting samples collected are grab samples which are selective by nature

Sampling and Analytical Method

The samples reported in this news release are grab samples collected from exposed graphite mineralization during the spring exploration program. Grab samples are selective in nature and are not necessarily representative of the average grade of the mineralized zone. All samples were stored and shipped using industry best practices and were delivered to Activation Laboratories ("ACTLABS"), Ancaster, Ontario, for sample preparation and analyses using laboratories' Code 4F-C Graphitic, analyzing C-Graphite (infrared) where the sample is subjected to a multistage furnace treatment to remove all forms of carbon with the exception of graphitic carbon; and C-Total (infrared). ACTLABS is an independent commercial, accredited ISO Certified Laboratory.

Qualified Person

The scientific and technical content disclosed in this press release has been reviewed and approved by Roger Dahn, B.Sc., P.Geo., a director of the Company and a "Qualified Person" as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Graphano Energy

Graphano Energy Ltd. is an exploration and development company focused on evaluating, acquiring, and developing energy metals resources from exploration to production. Graphite is one of the most in-demand technology minerals that is required for a green and sustainable world. The Company's Lac Aux Bouleaux property, situated adjacent to Canada's only producing graphite mine, in Québec, Canada, has historically been an active area for natural graphite. With the demand for graphite growing in some of the most prominent and cutting-edge industries, such as lithium batteries in electric cars and other energy storage technologies, the Company is developing its project to meet the demands of the future.

ON BEHALF OF THE BOARD OF DIRECTORS

Luisa Moreno
Chief Executive Officer and Director
E: info@graphano.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements:
This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein, without limitation, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this news release relate to, among other things, the interpretation and significance of grab sample assay results at Black Jack, the continuity, width, and scale of the graphite-bearing horizon, planned mapping, stripping, and systematic channel sampling, further advancing the Company's projects, the Company potentially becoming a significant regional supplier of graphite to the North American market, and future assay results and any impact thereof. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Graphano, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, risks associated with possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of exploration results, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company's business and prospects. These risks, as well as others, are disclosed within the Company's filing on SEDAR+ at www.sedarplus.ca, the Canadian Securities Administrators' national system that all market participants use for filings and disclosure, which investors are encouraged to review prior to any transaction involving the securities of the Company. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Graphano does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.

Source: Graphano Energy Ltd.

[LoneClone] [Titanium/Vanadium] SAGA Metals Reports Assays from R-0039 to R-0043 with Int...

LoneClone — 6/5/2026 12:29:16 PM

[Titanium/Vanadium]
SAGA Metals Reports Assays from R-0039 to R-0043 with Intercepts Including 51.20% FeO, 7.94% TiO, 0.340% VO from 2026 Drilling at Trapper South, Radar Critical Minerals Project in Labrador

newsfilecorp.com

June 04, 2026 7:30 AM EDT | Source: Saga Metals Corp.

Vancouver, British Columbia--(Newsfile Corp. - June 4, 2026) - SAGA Metals Corp. (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) ("SAGA" or the "Company"), a North American exploration company focused on critical mineral discoveries, is pleased to report additional assay results from drill holes R-0039, -0040, -0041, -0042 and -0043 completed in 2026 as part of its ongoing maiden Mineral Resource Estimate ("MRE") diamond drill program at the Trapper Zone within the 100%-owned Radar Titanium-Vanadium-Iron Project near Cartwright, Labrador, Canada.

The Trapper Zone forms part of an oxide corridor that includes the Falcon and Hawkeye Zones spanning 29 square kilometres near the center of the Property.

Figure 1: The Radar Property with the Dias QMAGT vertical gradient (Bzz) anomaly footprint shown in red (high-amplitude pixels only). The QMAGT-imaged central oxide-layering corridor validated over 29 km2, encompassing the Trapper Zone, Hawkeye Zone, and the new Falcon Zone.

To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com

Trapper South Assay Highlights

Analytical results received for five (5) additional diamond drill holes (R-0039 to R-0043) from the MRE drill program initiated in Q4 2025, delivering consistent broad intercepts of oxide mineralization.
Key intercepts include:
- Hole R-0039: 110.1 m @ 47.42% Fe2O3, 5.95% TiO2, 0.354% V2O5
  - Including 52.1 m @ 58.15% Fe2O3, 7.68% TiO2, 0.459% V2O5
  - Including 27.6 m @ 45.88% Fe2O3, 5.85% TiO2, 0.350% V2O5
- Hole R-0040: 45.1 m @ 51.20% Fe2O3, 7.94% TiO2, 0.340% V2O5
- Hole R-0041: 46.4 m @ 47.97% Fe2O3, 6.49% TiO2, 0.368% V2O5
- Hole R-0042: 35.3 m @ 50.68% Fe2O3, 6.74% TiO2, 0.378% V2O5
- Hole R-0043: 39.8 m @ 47.93% Fe2O3, 7.24% TiO2, 0.307% V2O5
These results now bring the total MRE drill results to thirty-six (36) diamond drill holes received to date. As reported previously, analytical results from the first thirty-one (31) diamond drill holes of the MRE drill program include:

DDH	FROM	TO	Length	True Thickness	Fe2O3	TiO2	V205
ID	m	m	m	m	%	%	%
R-0008	170.0	237.6	68.3	66.2	46.15	9.21	0.311
R-0009	94.0	181.2	87.2	84.4	50.67	10.15	0.339
R-0010	1.5	137.0	135.5	121.7	50.03	7.87	0.352
R-0011	58.1	153.3	95.2	50.8	39.49	6.49	0.222
R-0012	3.8	79.0	75.2	39.6	27.39	4.87	0.116
R-0013	9.5	121.0	111.5	97.9	37.08	5.14	0.242
R-0014	8.8	50.0	41.2	14.9	36.17	6.36	0.188
R-0015	73.3	174.0	100.7	88.9	38.56	6.80	0.229
R-0016	44.0	94.6	50.6	47.1	52.05	7.21	0.375
R-0017	50.6	140.6	90.0	73.0	51.86	6.76	0.417
R-0018	44.7	115.0	70.3	44.1	42.64	5.66	0.288
R-0019	66.6	112.3	45.7	41.6	49.51	6.56	0.374
R-0020	87.3	128.0	40.7	31.1	37.62	4.93	0.239
R-0021	96.0	127.4	31.4	16.5	53.18	7.08	0.414
R-0022	62.0	92.6	30.6	28.6	49.4	6.61	0.373
R-0023	100.5	186.5	86.0	54.0	45.5	5.5	0.367
R-0024	112.0	203.0	91.0	58.7	49.08	6.23	0.39
R-0024	142.0	186.0	44.0	28.4	54.2	7.07	0.443
R-0025	141.3	223.0	81.7	58.5	41.36	5.18	0.309
R-0025	168.0	201.0	33.0	23.7	47.38	6.01	0.384
R-0026	141.7	189.0	47.3	27.7	38.16	4.65	0.288
R-0026	110.9	131.4	20.5	12.0	52.39	6.55	0.449
R-0027	81.2	162.0	80.8	63.4	42.74	5.18	0.320
R-0028	105.7	211.0	105.3	54.5	42.39	5.40	0.306
R-0028	144.0	182.0	38.0	19.7	49.43	6.50	0.382
R-0029	65.2	172.0	106.8	95.5	44.41	5.36	0.341
R-0029	65.2	104.0	38.8	34.7	53.02	6.46	0.441
R-0030	83.1	174.0	90.9	49.5	42.57	5.40	0.303
R-0030	83.1	101.7	18.6	10.2	50.81	6.56	0.398
R-0031	63.4	171.6	108.2	87.2	38.11	5.13	0.254
R-0031	97.0	140.1	43.1	34.7	42.71	5.88	0.309
R-0032	53.8	198.0	144.2	135.3	37.13	5.04	0.234
R-0032	114.0	170.0	56.0	52.6	44.68	6.50	0.294
R-0033	67.4	168.0	100.6	77.5	44.07	6.38	0.286
R-0033	97.0	153.0	56.0	43.1	48.03	7.25	0.304
R-0034	68.8	195.0	126.2	124.0	43.19	6.05	0.293
R-0034	106.1	170.0	63.9	62.8	48.61	7.01	0.344
R-0035	8.5	22.0	13.5	9.9	30.98	2.93	0.193
R-0036	55.0	128.0	73.0	36.5	45.34	6.31	0.345
R-0036	80.0	114.0	34.0	17.0	50.46	7.21	0.395
R-0037	52.2	103.0	50.8	41.9	45.93	6.46	0.348
R-0038	45.4	146.2	100.8	73.7	41.23	5.21	0.302
R-0038	103.9	146.2	42.4	31.0	46.20	6.35	0.364

Table 1: MRE drill program assay intercepts previously reported in Q4 2025 and 2026 to date from drill holes R-0008 - R-0038.

Top 10 intercepts from the MRE Drill Program to date can be found in Table 4 below.
Completed fifty (50) holes (R-0008 to R-0057) from Q4 2025 to date in 2026, with significant oxide intercepts including 202.3 m from R-0053 (true thickness of 132.1) of semi-massive oxide with extensive rhythmic oxide layering.
MRE drilling to date has returned multiple holes of thick oxide core intercepts exceeding 70-144 metres and certain assay intervals frequently above 45-54% Fe2O3, 6-7% TiO2 and 0.37-0.44% V2O5.
Rhythmic banding and semi-massive to massive oxide mineralization are observed consistently in Trapper South, aligning with prior high-grade results from Trapper North.
Drilling is progressing efficiently, with 11,600 m completed in the Trapper Zone to date.
Confirmed 29 km2 central oxide corridor
Excellent core recovery and representative sampling support ongoing metallurgical test work and the advancement of the maiden Mineral Resource Estimate.

Michael Garagan, CGO & Director of SAGA Metals, commented:

"These latest drill results from R-0039 to R-0043 continue to highlight the significant titanium and vanadium grades and strong continuity we are seeing throughout the Trapper Zone. Hole R-0040 delivered an outstanding 45.1 metres at 7.94% TiO2, while R-0039 returned 110.1 metres at 5.95% TiO2, including 52.1 metres at 7.68% TiO2. We also observed strong vanadium values in R-0039 (0.459% V2O5) and R-0042 (0.378% V2O5).

The consistently elevated TiO2 and V2O5 levels across these broad oxide intercepts reinforce the Radar Project's status as a critical and strategic North American titanium-vanadium opportunity. These results further strengthen our confidence as we advance toward the maiden Mineral Resource Estimate later this year."

2026 Trapper South Drilling Summary

Drill Hole	Azimuth / Dip	Total Depth (m)	From (metres)	To (metres)	Semi-Massive Oxide (m)	Rhythmic Layering (m)	Total Oxide (m)	True Thickness (m)	Assays Received
R-0016	38° / -45°	206	44.0	102.0	45.8	12.2	58.0	53.9	?
R-0017	38° / -70°	161	50.6	140.6	87.1	3.0	90.1	73.0	?
R-0018	38° / -45°	188	44.7	156.4	65.0	46.6	111.7	70.1	?
R-0019	38° / -45°	182	66.6	133.0	38.0	28.5	66.5	72.8	?
R-0020	38° / -45°	206	50.8	138.0	28.5	58.7	87.2	66.7	?
R-0021	38° / -70°	152	81.3	127.4	33.5	12.6	46.1	24.3	?
R-0022	38° / -45°	149	22.5	118.7	31.6	59.7	91.3	85.3	?
R-0023	38° / -45°	272	100.5	239.3	30.6	76.4	107.1	67.2	?
R-0024	38° / -45°	254	108.9	219.8	46.8	62.1	108.9	68.5	?
R-0025	38° / -60°	275	123.0	253.6	6.9	118.1	125.0	89.6	?
R-0026	38° / -60°	302	108.8	273.7	16.2	138.6	154.8	87.4	?
R-0027	38° / -45°	217	81.3	175.3	34.2	59.9	94.1	73.9	?
R-0028	38° / -60°	227	105.1	215.9	22.5	87.1	109.6	57.4	?
R-0029	38° / -45°	214	65.2	184.0	13.4	105.4	118.8	106.2	?
R-0030	38° / -60°	211	83.1	189.2	25.4	79.6	105.0	57.8	?
R-0031	38° / -45°	215	63.4	171.6	2.4	105.9	108.3	87.2	?
R-0032	38° / -60°	263	53.8	214.7	18.5	136.0	154.4	145.0	?
R-0033	38° / -45°	251	67.7	203.5	23.7	112.4	136.1	104.8	?
R-0034	38° / -60°	233	48.7	214.1	66.1	93.5	159.7	156.9	?
R-0035	38° / -45°	97	8.5	66.3	0.0	35.0	35.0	25.7	?
R-0036	38° / -70°	212	47.4	128.0	68.0	8.6	76.6	38.3	?
R-0037	38° / -45°	206	42.6	146.0	50.8	52.6	103.4	85.2	?
R-0038	38° / -70°	182	45.4	146.2	55.9	45.0	100.9	73.7	?
R-0039	218° / -45°	251	84.0	196.3	82.2	23.3	105.5	102.1	?
R-0040	38° / -70°	170	38.3	130.0	44.7	28.7	73.4	34.3	?
R-0041	38° / -45°	100	6.6	84.2	38.5	30.9	69.4	52.1	?
R-0042	38° / -70°	161	88.6	137.4	26.6	10.0	36.6	24.5	?
R-0043	38° / -45°	119	28.4	101.6	37.5	35.7	73.3	55.9	?
R-0044	218° / -45°	176	82.9	105.8	19.3	3.7	22.9	16.6
R-0045	218° / -45°	245	39.3	223.6	67.4	71.7	139.1	96.9
R-0046 a	218° / -45°	491	7.4	147.9	121.7	19.3	141.0	108.0
R-0046 b	218° / -45°	491	237.7	445.9	21.4	176.7	198.2	113.7
R-0047	218° / -45°	305	106.1	247.4	50.8	71.5	122.3	118.1
R-0048	38° / -45°	242	31.7	149.3	11.8	105.1	116.9	109.9
R-0049	38° / -60°	200	30.7	134.3	17.4	86.1	103.6	66.6
R-0050	218° / -45°	269	63.9	245.6	51.9	94.2	146.1	103.3
R-0051	38° / -60°	311	99.9	227.3	38.5	88.8	127.4	83.0
R-0052	38° / -45°	275	68.6	235.0	19.8	140.8	160.6	134.7
R-0053	38° / -60°	299	77.1	279.4	35.0	167.3	202.3	132.1
R-0054	38° / -45°	269	18.4	202.0	35.2	85.3	120.5	97.7
R-0055	38° / -60°	320	70.2	284.4	52.9	82.6	135.5	78.0
R-0056	38° / -45°	239	84.8	220.0	24.4	69.6	94.0	56.1
R-0057	38° / -60°	233	92.4	194.1	43.6	52.5	96.1	83.4
	Total (m)	9,550

Table 2: Summary of drill holes R-0016 to R-0057, highlighting the oxide intercepts. See Figures 3-5 below, which depict the oxide mineralization in cross sections S4, S5 and S6. True thickness represents the perpendicular width of the mineralized zone, while the total downhole oxide represents the length of the mineralization intercepted downhole.

	Total Meters Drilled	Total Samples
Trapper South 2025	2050	1313
Trapper South 2026	9550	5719
Trapper Total	11600	7032

Table 3: Summary of total meters drilled in Q4 2025 and 2026 to date, including total core samples cut and prepared.

Figure 2: Trapper South map outlining location of the initial 2026 focus for the remainder of the MRE drill program to be completed in 2026, including cross-sections S14, S13, S12, S11, S10, S9, S8, S7, S6, S5, and S4, showing the TMI of the 2025 Trapper Zone ground magnetic survey.

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The latest results from these drill holes, R-0039, R-0040, R-0041, R-0042 and R-0043, once again demonstrate excellent continuity across broad zones of oxide mineralization, underscoring the growing potential for a sizable mineral resource that could create meaningful long-term value for SAGA shareholders.

Detailed Logging Highlights from Drill Hole R-0039 to R-0043

Hole R-0039 (Cross-Section S04): Drill hole R-0039 was drilled on pad BS-2 at an azimuth of 218° and a dip of -45° with a total depth of 251 m. The hole intersected a 105.5 m oxide zone (true thickness of 102.1 m) starting at 83.9 m at a sharp contact from a mafic dyke into semi-massive oxide. The oxide zone includes 23.3 m of rhythmic oxide layering and 82.1 m of semi-massive oxide. The zone ends at 196.3 m with a gradual transition from rhythmic banding to gabbronorite.
Hole R-0040 (Cross-Section S04): Drill hole R-0040 under cut hole R-0022 at an inclination of -70°. The hole has a total depth of 170 m and intersected a 73.4 m oxide zone (true thickness of 51.9 m) starting at 38.3 m at a sharp contact from gabbronorite into rhythmic banding. The oxide zone includes 28.7 m of rhythmic oxide layering and 44.7 m of semi-massive oxide with the zone ending at 130.0 m at a faulted contact with a felsic dyke.
Hole R-0041 (Cross-Section S05): Drill hole R-0041 was drilled on pad BQ-2 at an azimuth of 38° and a dip of -45° with a total depth of 100 m. The hole intersected a 69.4 m oxide zone starting at 6.6 m (immediately below casing) with semi-massive oxide. The oxide zone includes 30.9 m of rhythmic oxide layering and 38.5 m of semi-massive oxide. The zone ends at 84.2 m at a gradual ESE-striking contact from rhythmic banding into gabbronorite.
Hole R-0042 (Cross-Section S06): Drill hole R-0042 under cut hole R-0019 at an inclination of -70°. The hole has a total depth of 161 m and intersected a 36.6 m oxide zone starting at 88.6 m at a sharp ESE contact from gabbronorite into semi-massive oxide. The oxide zone includes 10 m of rhythmic oxide layering and 26.6 m of semi-massive oxide. The zone ends at 137.4 m at a faulted contact with brecciation over 30 cm, placing rhythmic banding against gabbronorite. R-0042 was drilled to define the oxide zone near surface on the eastern Trapper South magnetic anomaly.
Hole R-0043 (Cross-Section S06): Drill hole R-0043 was drilled on pad BO-2 at an azimuth of 38° and a dip of -45° with a total depth of 119 m. The hole intersected a 73.3 m oxide zone starting at 28.4 m at a sheared contact from gabbronorite into rhythmic banding. The oxide zone includes 35.7 m of rhythmic oxide layering and 37.5 m of semi-massive oxide. The zone ends at 101.6 m at a sharp SE-striking contact with a small felsic dyke. R-0043 was drilled to define the oxide zone near surface on the eastern Trapper South magnetic anomaly.

Figure 3: Cross section of S4 looking NW showing R-0022, -0039, and -0040, highlighting intercepts of semi-massive oxides and layering sequence with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. Assays shown for R-0022, -0039, and R-0040.

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Figure 4: Cross section of S5 looking NW showing R-0020, -0021, -0029, -0030 and -0041, highlighting intercepts of semi-massive oxides and layering sequence with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. Assays shown for R-0020, R-0021, R-0029, R-0030 and R-0041.

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Figure 5: Cross section of S6 looking NW showing R-0019, -0027, -0028, -0042, -0043, -0044 and -0047 highlighting intercepts of semi-massive oxides and layering sequence with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. Assays shown for R-0019, R-0027, R-0028, R-0042 and R-0043. Assays are pending for R-0044 and R-0047

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Sampling Summary

IGS Laboratories finalized the analysis of 478 samples from R-0044, -0045, and -0046 and released the assays late last week. The Company is reviewing and interpreting the data to release the next set of assays in a week. A total of 7,032 samples have been collected to date in the Trapper Zone.

Key Project Highlights

Confirmed mineralization in 57 out of 57 drill holes completed and observed in two primary zones to date.
Analytical results to date include numerous oxide-rich intercepts, including:

DDH	FROM	TO	Length	True Thickness	Fe2O3	TiO2	V205
ID	m	m	m	m	%	%	%
R-0009	94.0	181.2	87.2	84.4	50.67	10.15	0.339
R-0008	170.0	237.6	68.3	66.2	46.15	9.21	0.311
R-0010	1.5	137.0	135.5	121.7	50.03	7.87	0.352
R-0017	73.0	140.6	67.6	54.9	55.13	7.37	0.448
R-0033	97.0	153.0	56.0	43.1	48.03	7.25	0.304
R-0016	44.0	94.6	50.6	47.1	52.05	7.21	0.375
R-0036	80.0	114.0	34.0	17.0	50.46	7.21	0.395
R-0021	96.0	127.4	31.4	16.5	53.18	7.08	0.414
R-0024	142.0	186.0	44.0	28.4	54.20	7.07	0.443
R-0034	106.1	170.0	63.9	62.8	48.61	7.01	0.344

Table 4: Top 10 intercepts from the 2025 & 2026 drilling programs at the Trapper Zone

Infrastructure including road access, deep-water port, nearby hydro-electric power and regional airport.
Confirmed a 29.0 km2 central oxide corridor that encompasses the Trapper, Falcon and Hawkeye Zones, demonstrating district-scale potential.
Consistent grades and thicknesses with semi-massive to massive oxide reporting up to 72.33% Fe,13.3% TiO2, and 0.66% V2O5.
Petrographic analysis confirms titanomagnetite mineralization is advantageous for simplified metallurgical processing.
A total of 11,600 m has been completed and reported to date for the MRE drill program. See Figure 2 showcasing 2026 drill hole locations in Trapper South reported to date.

About the Radar Critical Mineral Property in Labrador

The Radar Property comprises 690 mineral claims across 9 mineral licenses, totalling approximately 24,175 hectares in southeastern Labrador, located approximately 10 km south of Cartwright. The Property entirely encloses the Dykes River Intrusive Complex (~160 km² at the surface) and is accessible year-round via paved Route 510, a Cartwright logging road, and a SAGA-constructed access trail. Infrastructure advantages include the deep-water port at Cartwright, the Cartwright Airport (YRF), and proximity to regional hydroelectric power from Muskrat Falls and Churchill Falls.

Diamond drilling, geophysics, trenching and geological mapping have confirmed a 29 km2 oxide corridor encompassing the Trapper, Falcon and Hawkeye Zones. VTM mineralization at Radar is comparable to that of global Fe-Ti-V systems such as Panzhihua (China) and Bushveld (South Africa). Subject to further exploration, resource definition, and metallurgical testing, the Project may represent a strategic source of titanium, vanadium, and iron for North American markets.

Figure 6: The Radar Property with the Dias QMAGT vertical gradient (Bzz) anomaly footprint shown in red (high-amplitude pixels only). The QMAGT-imaged central oxide-layering corridor validated over a 29 km2 area, encompassing the Trapper Zone, Hawkeye Zone, and the new Falcon Zone, with additional targets highlighted to the west and north. The Property is well serviced by road access and is conveniently located near the town of Cartwright, Labrador.

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Qualified Person

Paul J. McGuigan, P. Geo., is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information disclosed in this news release.

Technical Information

Diamond drill core was logged and sampled by Company personnel at SAGA's core facility in Cartwright, Labrador. The drill core diameter was NQ. The core was cut lengthwise using a diamond saw, and one half was retained in the core box, while the other half was sampled at designated intervals for analysis.

Core samples were prepared and analyzed at the Impact Global Solutions (IGS) laboratory facility in Montréal, Québec. As part of the analytical quality assurance and quality control (QA/QC) program, certified reference standards, blanks, and duplicate samples were inserted into the sample stream at regular intervals to monitor analytical accuracy and precision.

Crush rejects and pulp samples are retained and stored in a secure facility for potential future verification and re-analysis. The Company maintains a rigorous QA/QC protocol consistent with industry standard practices.

About SAGA Metals Corp.

SAGA Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the North American transition to supply security. The Radar Ti-V-Fe Project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface near Cartwright, Labrador. Exploration to date, including 13,809 m of drilling, has confirmed a large, mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) and ilmenite mineralization with strong grades of titanium and vanadium.

The Company has signed a definitive agreement to acquire 100% of the Wolverine Heavy Rare Earth Element Project in Labrador, a near-surface REE system hosted within a peralkaline caldera complex that shares strong geological similarities with the Tanbreez and Strange Lake deposits. The project features consistent mineralization, with zones spanning 26 km2, including drill assays up to 2.03% TREO with approximately 28% HREO content, and sample assays up to 21.6% TREO.

The Double Mer Uranium Project covers 25,600 hectares and features uranium radiometrics that highlight an 18 km east-west trend, with a confirmed 14 km section producing samples as high as 0.428% U3O8. (2024 Double Mer Technical Report).

Additionally, SAGA owns the Legacy Lithium Project in Quebec's Eeyou Istchee James Bay region. This project spans 65,849 hectares and shares significant geological continuity with other major players in the area, including Rio Tinto, Li-FT Power, SOQUEM, and Loyal Metals.

With a portfolio spanning key commodities critical to the clean energy future, SAGA is strategically positioned to play an essential role in securing critical minerals.

On Behalf of the Board of Directors

Mike Stier, Chief Executive Officer

For more information, contact:

Rob Guzman, Investor Relations
SAGA Metals Corp.
Tel: +1 (844) 724-2638
Email: rob@sagametals.com
www.sagametals.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Disclaimer

This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipates", "expects", "believes", and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the Company's Radar Project. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company's assets, and the risks detailed in the Company's continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. This cautionary statement expressly qualifies forward-looking statements contained in this news release. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

Source: Saga Metals Corp.

[LoneClone] [REE] Appia Mobilizes for 3,300-Meter Summer Drill Program at the Alces Lake Ra...

LoneClone — 6/5/2026 12:27:14 PM

[REE]
Appia Mobilizes for 3,300-Meter Summer Drill Program at the Alces Lake Rare Earth Elements Property

newsfilecorp.com

June 04, 2026 7:30 AM EDT | Source: Appia Rare Earths & Uranium Corp.

Toronto, Ontario--(Newsfile Corp. - June 4, 2026) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is pleased to announce that mobilization has commenced for its approximately 3,300-metre, 9-hole diamond drill program at the Company's 100%-owned Alces Lake Rare Earth Elements ("REE") Property in northern Saskatchewan.

Initial mobilization began on May 29, 2026, with camp personnel arriving on site to prepare the Alces Lake exploration camp for the upcoming summer program. Geologists, drilling crews and support personnel are expected to mobilize following completion of camp setup and site preparations, which are anticipated to be finalized within approximately one week.

The 2026 summer drill program is designed to evaluate several high-priority REE targets (Figure 1) identified through Appia's 2025 ground gravity survey, which refined and enhanced target areas initially outlined by the Company's 2024 airborne gravity gradiometer survey. Targets 1, 5, 6 and 7 (Figures 2 to 5) have been prioritized based on their strong geophysical similarities to the high-grade WRCB mineralized zone and the large near-surface Magnet Ridge discovery.

The planned program will consist of approximately 3,300 metres of drilling across nine diamond drill holes targeting depths ranging from 300 to 500 metres. The objective is to test the potential continuation of REE-mineralized lithological packages at depth and along strike within the regional northwest-southeast structural corridor that hosts several of the property's key mineralized zones, including WRCB and Magnet Ridge.

"We are excited to begin our 2026 summer exploration program at Alces Lake," said Tom Drivas, Chief Executive Officer and Director of Appia. "This drill program is designed to test high-priority REE targets at depth that exhibit strong geophysical similarities to the known WRCB and Magnet Ridge mineralized zones. With camp mobilization now underway, we look forward to advancing the project and commencing drilling on these compelling targets."

The Alces Lake Property hosts some of the highest-grade rare earth element mineralization identified in Saskatchewan. The property covers approximately 38,522 hectares in northern Saskatchewan and is enriched in critical rare earth elements including neodymium, praseodymium, dysprosium and terbium, which are essential components in permanent magnets used in electric vehicles, wind turbines and advanced electronic technologies.

The Company will make an announcement once drilling commences and will provide ongoing results as they are received.

Figure 1 - Alces Lake High-Priority Drill Target Zones (Blue) - Alces Lake, Saskatchewan

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Figure 2 - Target 1: Proposed drill holes AL-2025-10, 10a

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Figure 3 - Target 5: Proposed drill holes AL-2025-006, 006a

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Figure 4 - Target 6: Proposed drill holes AL-2025-007, 007a

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Figure 5 - Target 7, Proposed drill holes AL-2025-008, 008a, 008b

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About the Alces Lake Project

The Alces Lake project encompasses some of the highest-grade total and critical* REE and gallium mineralization in the world, hosted within several surface and near-surface monazite occurrences that remain open at depth and along strike.

* Critical rare earth elements/oxides (CREO) are defined here as those that are in short-supply and high-demand for use in permanent magnets that enable modern electronic applications such as electric vehicles and wind turbines. The "magnet alloy" CREO are neodymium (Nd), praseodymium (Pr), dysprosium (Dy) and terbium (Tb).

The Alces Lake project is located in northern Saskatchewan, the same provincial jurisdiction that the Saskatchewan Research Council (SRC) is developing a "first-of-its-kind" rare earth processing facility in Canada. The Alces Lake project area is ~ 38,522 hectares (~95,191acres) in size and is 100% owned by Appia.

The technical content in this news release was reviewed and approved by Dr. Irvine R. Annesley, P.Geo., Senior Exploration Advisor of Appia and a Qualified Person as defined by National Instrument 43-101.

About Appia Rare Earths & Uranium Corp.

Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The Company holds a 25% interest in Ultra Rare Earth Inc. ("Ultra USA") and Ultra USA indirectly holds a 100% interest in the Ultra Hard Rock and Ultra IAC Projects, which total 42,932.24 ha. in size and are located within the state of Goiás in Brazil (see June 1, 2026 Press Release here).

The Company is also focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property and exploring for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 94,982.39 hectares (234,706.59 acres) in Saskatchewan. The Company also has a 100% interest in 13,008 hectares (32,143 acres), with rare earth elements and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario.

Appia has 194.9 million common shares outstanding, 206.6 million shares fully diluted.

Cautionary note regarding forward-looking statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not a guarantee of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

For more information, visit www.appiareu.com

As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have several communication portals. If you have any questions online ( X,? Facebook,? LinkedIn)?please feel free to send direct messages.

Contact:

Tom Drivas
CEO and Director
(416) 876-3957
tdrivas@appiareu.com

Jason Bagg
VP Corporate Development
(647) 874-5278
jbagg@appiareu.com

Source: Appia Rare Earths & Uranium Corp.

[LoneClone] LibertyStream Delivers First Tonne of Lithium Carbonate to U.S. Industrial Custo...

LoneClone — 6/4/2026 3:22:22 PM

LibertyStream Delivers First Tonne of Lithium Carbonate to U.S. Industrial Customer

LibertyStream’s has shipped its first tonne of lithium carbonate from its lithium extraction and refining system at Select Waters Solutions facility in Howard County, Texas.

Lithium carbonate product prepared for shipment from LibertyStream’s Lithium Carbonate Operating Facility at Select Water Solutions’ Howard County, Texas site.

businesswire.com

Jun 3, 2026 7:27 AM Eastern Daylight Time

DALLAS--( BUSINESS WIRE)--LibertyStream Infrastructure Partners Inc. (TSXV: LIB | OTCQB: VLTLF | FSE: I2D) (“LibertyStream” or the “Company”) is pleased to announce that it has delivered its first tonne of lithium carbonate to a U.S. industrial customer from the Company’s DLE Unit and Lithium Carbonate Refining Facility at Select Water Solutions’ (NYSE: WTTR) (“Select”) site in Howard County, Texas, north of Midland.

We continue to make lithium carbonate for delivery to a number of battery grade and technical grade customers.

Share The delivery fulfills LibertyStream’s previously announced first U.S. order and marks the Company’s first delivery from the Select site. The lithium carbonate was produced to the customer’s required technical specifications and delivered as part of LibertyStream’s broader customer qualification and commercial sales process.

With this delivery, LibertyStream has moved its Texas operations from site deployment and on-site production into customer delivery — an important step in derisking the Company’s plan to replicate its lithium extraction and refining model across high-volume U.S. oilfield basins, including the Permian and Bakken.

“We are proud of the pace of lithium carbonate production at Select’s site,” said Alex Wylie, President & CEO of LibertyStream. “Delivery of our first tonne of lithium carbonate achieving the required technical specifications, is another successful significant milestone by the entire LibertyStream team. We continue to make lithium carbonate for delivery to a number of battery grade and technical grade customers. With production now underway, we are positioned to reach an annualized production capability of up to 1,000 tonnes of lithium carbonate by the end of 2026.”

Lithium Carbonate Operating Facility

LibertyStream completed installation and construction of its Lithium Carbonate Operating Facility ahead of schedule in March 2026 and has commenced production from the Refining Unit. The Refining Unit is engineered to produce both battery-grade and technical-grade lithium carbonate.

The current configuration at Select’s site incorporates key learnings from the Company’s prior field operations and is designed to improve operating consistency as LibertyStream builds production history in the field.

The first tonne delivery marks an important milestone as LibertyStream advances from site integration and production into customer qualification, product sales and planned scale-up. LibertyStream expects the Select site to remain a core operating and validation platform as the Company expands customer deliveries and begins site preparation for the construction of its first Texas facility capable of annualized production of up to 1,000 tonnes of lithium carbonate by the end of 2026.

About LibertyStream Infrastructure Partners

LibertyStream is a lithium development and technology company aiming to be one of North America’s first commercial producers of lithium carbonate from oilfield brine. Our strategy is to generate value for shareholders by leveraging management’s hydrocarbon experience to deploy our proprietary DLE technology directly into existing oil and gas infrastructure, thereby reducing capital costs, lowering risks and supporting the world’s clean energy transition. We are committed to operating efficiently and with transparency across all areas of the business staying sharply focused on creating long-term, sustainable shareholder value. Investors and/or other interested parties may sign up for updates about the Company’s continued progress on its website: cts.businesswire.com.

Forward Looking Statements

This news release includes certain “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian securities laws (collectively referred to herein as “forward-looking information”). When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “will”, “would”, “could”, “schedule” and similar words or expressions, identify forward-looking information. Statements, other than statements of historical fact, may constitute forward-looking information and include, without limitation, the Company’s expectations to replicate the current template across high-volume U.S. basins and related expectations in respect of expansion in Texas and North Dakota; the de-risking scalability of the Company’s refining unit coupled with its DLE technology; the expectations of management in respect of the first delivery of lithium carbonate sales in June 2026; the Company’s broader offtake discussions; management’s expectations relating to the continued results from the refining unit and of its ability to continue to produce lithium carbonate therefrom; the ability of the results from pre-commercial operations to date to create meaningful shareholder value and the Company’s ability to secure long-term commercial contracts; anticipated processing capacity of the refining unit; the next critical stage of operations for the Company; the Company’s near-term focus of producing consistent lithium carbonate; the Company’s intended near-term strategy and next steps to achieve such strategy; the Company’s intention to continue offtake discussions with potential partners; the anticipated steps and timing related to launching full-scale operations in 2026 with the goal of supplying commercial volumes by 2027; the scalability of the Company’s operations; Company’s intention to commence selling all lithium carbonate produced into the spot market in 2026; and the benefits to the Company’s proprietary DLE technology including the anticipated reduction of capital costs associated with lithium carbonate extraction from oilfield brine by the use of existing oil and gas infrastructure and the support of clean energy transition efforts caused by the deployment of the Company’s proprietary DLE technology. With respect to the forward-looking information contained in this news release, the Company has made numerous assumptions. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies and may prove to be incorrect. Additionally, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein including the risk that management’s production estimates relating to the Refining Unit turn out to be incorrect and that the timing of launching full-scale operations may be delayed or not occur at all; the risk that the Company is not able to secure appropriate partnerships, customers, and offtake agreements on terms acceptable to the Company or at all; the risk that the Company cannot achieve full commercial-scale operations on the timeline currently anticipated or at all; the risk that the Refining Unit and related DLE technology cannot be scaled on a commercial basis as currently anticipated by the Company or at all; the risk that the anticipated near-term strategy may not be executed as currently anticipated; and, generally, those known risk factors outlined in the Company’s Management’s Discussion and Analysis for the period ended December 31, 2024 and Management’s Discussion and Analysis for the three and nine months ended September 30, 2025. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contacts
For Investor Relations inquiries or further information, please contact:

Alex Wylie, President & CEO
T: +1.972.626.1645
E: info@libertystream.com

Or

Bill McClain, Investor Relations
T: +1.604.773.9423
E: info@libertystream.com

[LoneClone] [Bismuth/Gallium] Sky Gold Reports On Gold And Multi-Element Results Indicatin...

LoneClone — 6/4/2026 2:57:54 PM

[Bismuth/Gallium] Sky Gold Reports On Gold And Multi-Element Results Indicating Large Polymetallic System With Critical Minerals At Evening Star, Nevada

accessnewswire.com

Wednesday, 03 June 2026 08:00 AM

VANCOUVER, BC / ACCESS Newswire / June 3, 2026 / SKY GOLD CORP. ("Sky" or the "Company") (TSX.V:SKYG)(OTC PINK:SRKZF) is pleased to present gold and multi-element assay results from recent rock and vein sampling on its 100%-owned Evening Star Project in Walker Lane Gold Trend, Nevada.

Assay results from surface sampling returned a consistent combination of gold, silver, lead, copper and zinc across multiple prospects on the Property. In addition, surface sampling identified elevated critical minerals of bismuth and gallium associated with the polymetallic mineralization.

Grades returned up to 0.45% Bi and up to 23.6 ppm Ga are spatially associated with high-grade gold-silver and copper veins and fault zones.

Highlights:

Golden Bomber epithermal vein best results:
- 14.99 g/t Au, 30.65 g/t Ag, 132 ppm Bi, 1.11 % Cu, 2.31 ppm Ga and 0.21 % Pb from trench along strike of the vein.
- 4.33 g/t Au, 24 g/t Ag, 70 ppm Bi, 0.44 % Cu, 20.8 ppm Ga and 0.37 % Pb from hanging wall granodiorite in contact with the vein.
Fault zones on CRD Hill were sampled, with best results:
- 2.9 g/t Au, 232 g/t Ag, 2831 ppm Bi, 0.32 % Cu, 223 ppm Pb, 0.16 % Zn and 115 ppm Mo over 3.0-meters wide fault zone.
- 1.87 g/t Au, 498 g/t Ag, 761 ppm Bi, 0.98 % Cu, 3.77 ppm Ga, 447 ppm Pb, 0.13 % Zn and 525 ppm Mo from a grab sample.
High Life granodiorite surface sampling best results returned 17 to 23 ppm Ga.
Good Hope fault zone best results returned 14.07 g/t Au, 62 g/t Ag, 149 ppm Bi, 2.86 % Cu, 0.9 % Pb and 0.44 % Zn for a fault zone 2.6 meters wide.

The Company cautions that grab samples are selective by nature and are not necessarily representative of the mineralization hosted on the property. These results are used to identify the presence of mineralization and to prioritize future drilling targets.

Figure 1. Plan view map of the Property with assay results from surface rock and vein geochemistry sampling at Golden Bomber, High Life, Gold Bug, Good Hope, CRD Hill, Evening Star and Tower Gold. Base map shows digital elevation.

Mike England, CEO of Sky Gold Corp, comments: "The widespread polymetallic surface grades suggest a shared single hydrothermal source at Evening Star, which is very exciting. In addition, the discovery of elevated bismuth and gallium associated with multiple mineralized targets demonstrates the presence of strategic critical minerals within the Evening Star mineralizing system."

Critical Minerals Potential:

Bismuth grades ranging up to 0.45 % Bi were found associated with gold-silver-copper fault zones, quartz veining, and skarn mineralization on the Property. Bismuth is a critical mineral due to its use in defense technologies.
Consistently elevated gallium grades ranging up to 24 ppm Ga were found in rocks at Golden Bomber, Good Hope, High Life, Gold Bug and CRD Hill. Gallium is used in microchips, semiconductors, smart phones and aerospace solar panels.
The high bismuth and gallium grades suggest potential for producing strategic critical minerals as a by product.

Bismuth:

Up to 4543 ppm Bi was detected, along with 0.93 g/t Au, 62.8 g/t Ag, 0.13% Cu and 0.16% Pb, in a fault zone with chalcedonic quartz veining at Gold Bug. See Table 1.

2831 ppm Bi, with 2.9 g/t Au, 232 g/t Ag, 0.32% Cu and 0.16% Zn is from a channel sample across a 3-meter-wide fault zone and 3491 ppm Bi with 0.41 g/t Au, 22.8 g/t Ag, 8.64% Cu and 0.86% Zn from another fault zone on CRD Hill. See Table 2.

A grade of 1240 ppm Bi returned for quartz vein breccia from the fault zone at Good Hope. See Table 3.

Gallium:

At Golden Bomber, rocks hosting high-grade gold-silver-lead-copper epithermal quartz veining, contain strong gallium grades, ranging from 20 to 23.6 ppm Ga at the contact with the veining. See Table 4.

At Gold Bug North, the rocks hosting a gold-silver-bismuth-copper-lead-bearing fault zone, assayed 18.7 ppm Ga and 23.0 ppm Ga. See Table 1.

Fault Zones at CRD Hill returned consistently high gallium grades, ranging from 16.5 ppm Ga to 23.75 ppm Ga. See Table 2.

Surface sampling of the granodiorite host rocks at High Life returned 17 to 23 ppm Ga. See Table 5.

Granodiorite hosting the historic Evening Star gold mine, returned 2.93 to 5.96 ppm Ga (see Table 6), and Good Hope, a 500-meter long, up to 3-meter-wide fault zone in granodiorite, returned up to 6.84 ppm Ga along with 5.58 g/t Au, 5.1 g/t Ag and 88 ppm Bi. See Table 3.

Table 1. Best grabs and chip samples from Gold Bug gold-copper skarn area.

Sample ID	Au_g/t	Ag_g/t	Bi_ppm	Cu_%	Ga_ppm	Pb_ppm	Zn_ppm
1070527	0.28	14	755	1.21	23.01	701	144
1070562	0.93	63	4543	0.13	2.07	1554	11
1070564	0.6	11	38	4.34	18.67	15	1423

Table 2. Best grab and chip samples from CRD Hill fault zones.

Sample ID	Au_g/t	Ag_g/t	Bi_ppm	Cu_%	Ga_ppm	Mo_ppm	Pb_ppm	Zn_%
1070587	0.13	33	18	9.92	3.05	16	54	0.64
1070588	2.90	232	2831	0.32	1.65	116	223	0.15
1070589	0.16	50	34	3.86	2.07	6	16	1.30
1070592	0.02	3	1	0.38	23.75	4	14	0.03
1070593	0.22	27	3	0.99	22.59	25	16	0.10
1070535	0.03	62	15	1.68	16.52	3	57	0.13
1070595	1.87	498	761	0.98	3.77	525	447	0.13
1070596	0.41	23	3491	8.64	4.48	20	134	0.86

Table 3. Best grab samples from Good Hope, a 500-meter-long fault zone.

Location	Sample ID	Au_g/t	Ag_g/t	Bi_ppm	Cu_%	Ga_ppm	Pb_%	Zn_ppm
North	1070603	14.07	62	149	2.86	1.37	0.90	4383
North	1070606	1.47	9	120	0.09	1.21	0.10	353
Central	1070529	5.58	5	88	0.00	6.84	0.05	46
Central	1070531	11.11	10	109	0.32	4.67	0.50	882
Central	1070538	6.54	3	14	0.00	0.49	0.00	21
South	1070566	9.25	12	691	0.03	1.04	0.16	104
South	1070534	5.02	3	59	0.05	2.87	0.13	21
South	1070567	2.47	16	1275	0.05	0.66	0.17	213
South	1070570	2.43	8	372	0.12	1.02	0.09	75
South	1070571	5.06	13	39	0.00	2.85	0.04	24
South	1070573	2.49	3	21	0.03	4.98	0.04	37

Table 4. Chip samples along strike of quartz veining with hanging wall rocks at Golden Bomber.

Sample ID	Au_g/t	Ag_g/t	Bi_ppm	Cu_%	Ga_ppm	Pb_%	Zn_ppm	Sample Type
1075460	14.99	31	132	1.11	2.3	0.21	101	Quartz Vein
1075461	12.07	33	150	0.36	1.5	0.36	77	Quartz Vein
1075462	10.35	39	429	0.41	2.5	0.41	99	Quartz Vein
1075463	3.93	13	50	0.54	1.5	0.39	113	Quartz Vein
1075464	4.33	24	70	0.44	20.8	0.37	674	Granodiorite
1075465	0.19	26	6	0.21	23.6	0.18	558	Granodiorite
1075466	0.09	45	4	1.15	22.1	0.60	648	Granodiorite
1075467	0.24	38	5	0.26	22.4	0.27	443	Granodiorite
1075468	0.07	10	5	0.19	19.73	0.03	444	Granodiorite

Table 5. Best grab and chip samples from High Life granodiorite.

SampleID	Au_g/t	Ag_g/t	Bi_ppm	Cu_%	Ga_ppm	Pb_ppm	Zn_ppm
1070525	0.03	3	0.42	0.17	22.99	84	161
1070519	0.09	24	105	0.41	17.12	694	167
1070577	0.07	14	16	1.22	6.01	6354	13800
1070580	0.93	41	433	0.02	2.53	635	74

Table 6. Best grab and chip samples from historic Evening Star gold mine fault zones.

SampleID	Au_g/t	Ag_g/t	Bi_ppm	Cu_%	Ga_ppm	Mo_ppm	Pb_ppm
1070509	2.57	0	12	0	2.36	70	26
1070514	8.67	20	7	0	2.93	6	20
1070518	0.48	2	12	0	5.96	21	4

The Company cautions that grab samples are selective by nature and are not necessarily representative of the mineralization hosted on the property. Grab samples are from outcrop or sub-cropping bedrock. These results are used to identify the presence of mineralization and to prioritize future drilling targets.

Qualified Person

Danae Voormeij, MSc, PGeo, a Director of Sky Gold Corp. and a Qualified Person under National Instrument 43-101, supervised the collection of samples, and has reviewed and approved the scientific and technical information in this news release. Ms. Voormeij is not independent of Sky Gold Corp.

QA/QC and Sample Methodology

The Company submits rock and drill core samples to MSA Labs in Elko, Nevada, for gold analysis by Chrysos PhotonAssay™ technology. MSA Labs is an ISO/IEC 17025 accredited analytical laboratory. PhotonAssay™ is a non-destructive analytical method that analyzes approximately 500 grams of material, compared to the 50-gram aliquot typically used for conventional fire assay. The larger sample mass may improve the representativity of gold analyses, particularly in samples affected by coarse gold or nugget effects.

Samples are dried and crushed to P80 passing 2 mm. A 500-gram sub-sample is riffle split for PhotonAssay™ analysis. An additional 250-gram sub-sample is pulverized to P85 passing 75 microns for ultra-trace 48-element analysis by ICP-MS following a four-acid digestion. Multi-element analyses are performed by MSA Labs in Langley, British Columbia.

The Company's quality assurance and quality control (QA/QC) program includes the insertion of certified reference materials, blanks, and field duplicates at a rate of approximately one QA/QC sample per fifteen primary samples. QA/QC samples are inserted into the sample stream by Company geologists in the field.

About Sky Gold Corp.

Sky Gold Corp. is a mineral exploration company focused on advancing precious and base metal projects in North America. The Company's flagship Evening Star Property, located in the prolific Walker Lane Gold Trend, hosts multiple high-priority gold and copper targets, including Tower Gold, High Life, CRD Hill, Gold Bug, Golden Bomber, Good Hope and Evening Star. The project site has excellent infrastructure.

ON BEHALF OF THE BOARD

Mike England
CEO, PRESIDENT & DIRECTOR

FOR FURTHER INFORMATION PLEASE CONTACT
Tel: 1-604-683-3995

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the matters described herein. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including factors beyond the Company's control. These forward-looking statements are made as of the date of this news release.

SOURCE: Sky Gold Corp.

[LoneClone] [REE] Apex Announces Drill Program Expansion and H2 Exploration Plans at the Ri...

LoneClone — 6/4/2026 2:54:17 PM

[REE]
Apex Announces Drill Program Expansion and H2 Exploration Plans at the Rift Rare Earth Project

accessnewswire.com

Wednesday, 03 June 2026 03:01 AM

Highlights:

The Company's recently closed $15,000,500 financing ( See News Release June 2, 2026) provides the capital to significantly expand its ongoing drill program and exploration plans to accelerate the timeline to an inaugural mineral resource estimate (MRE) at Rift.
- To-date, ~12,000 m has been completed across 18 drillholes with assays reported for six (6) (assays pending for 12 holes). An additional 16 to 18 holes are planned (see Figure 1).
- Drill program expanded to cover an additional 10,000-12,000 metres ("m")
- Assay results to-date have demonstrated high REO(1) grades, large scale, and NdPr(2) enrichment potential across two distinct mineralized horizons.
- Drilling will continue to include step-out holes (along strike and down-dip) with mineralization remaining open in all directions, as well as select infill holes as required for MRE purposes.
- Total meterage drilled during 2026 is expected to range between 22,000-25,000 m.
The Company has started preliminary engagement with third party independent geological service providers to support an initial mineral resource estimate for the Project, currently targeted for Q1/2027.
In addition to the expanded scope of drilling,2026-H2 exploration plans at Rift include preliminary mineralogy and metallurgical work.

Sean Charland, CEO of Apex Critical Metals, commented: "I'd like to thank our strategic founding group of shareholders for their continued support and welcome the new investors that share our belief that the Rift Rare Earth Project has an excellent opportunity to truly standout as a key domestic source of rare earth material critical to industry and national security. The expanded scope of work puts the Company in a position to test the extent and expand on the high-grade rare earth mineralization defined to-date and fast-track towards an MRE in the first half of 2027."

VANCOUVER, BC / ACCESS Newswire / June 3, 2026 / Apex Critical Metals Corp. (CSE:APXC)(OTCQX:APXCF)(FWB:KL9) ("Apex" or the "Company"), a mineral exploration company focused on advancing its strategic 100%-controlled Rift Rare Earth Project ("Rift" or the "Project") within the Elk Creek Carbonatite Complex in southeastern Nebraska, U.S.A., is pleased to provide an update on expanded drilling and exploration plans at Rift for the second half of 2026.

The Company has already increased drill metreage by approximately 50 percent (12,000 m drilled vs 8,000 m planned), and with the recently completed financing (see News Release Dated June 2, 2026) now expects to drill a total of 22,000-25,000 m by September 2026.

Assay Highlights and Recap

Assay results to date have defined two distinct mineralized horizons at the Rift Project: the Trinity Zone, a high-grade REO horizon associated with hematite alteration in the upper portion of the carbonatite, directly below the unconformity (See News Releases Dated May 15, 2026, April 28, 2026 and April 7, 2026 ), and the Neo Zone, a horizon at depth characterised by significant NdPr enrichment exceeding 30% at appreciable grade and, thus, well above the 14-20% typical of carbonatite-hosted rare earth deposits globally (See News Release Dated May 6, 2026).

Previously reported assay results and highlights to date from six (6) drillholes are summarized in Table 1 and represent approximately 5,000 m of drilling. The results demonstrate broad, continuous REO mineralization across more than 300 m of strike and more than 180 m down-dip (Figure 1, Table 1). With assays pending from 12 additional holes and two (2) drill rigs active, the Company is well positioned to continue expanding on these results as it advances toward an inaugural mineral resource estimate ("MRE").

Figure 1: Phase I and Phase II drill plan at the Rift Project showing the location and assay results received to date, along with active and completed drillholes, selected planned drillholes, and historical drillhole locations.

Table 1: Neo and Trinity Zone Assay Highlights - 2026 Drill Program

(a) All reported intervals represent downhole core lengths and do not represent true width, which remains unknown.

Drill Program Expansion

The expansion of the drill program at Rift is designed to systematically expand the known footprint of both the Trinity Zone and Neo Zone mineralization while generating the data density required to support an inaugural MRE in the first half of 2027. The program includes step-out drillholes along strike to the south and west of current drilling, down-dip extensions of the Trinity Zone west of RIFT26-005A and select infill holes where drill spacing requires tightening for MRE classification purposes (Figure 1). Preliminary engagement with independent geological service providers (i.e., independent Qualified Person(s) for the Project) has commenced to obtain early guidance on drill spacing requirements for resource classification at Rift. Mineralization remains open in all directions in both zones, providing significant optionality for further expansion.

Additional target refinement is also planned within the Company's 3,957.5 acre property where historical drilling has returned high-grade REO and Niobium mineralization. As these exploration drill targets are refined the Company will consider incorporating select regional drillholes to test targets that provide the potential to expand the mineralized footprint well beyond the defined Trinity and Neo Zone corridor.

Total 2026 meterage is targeted at 22,000-25,000 m across 18 completed and an additional 16 to 18 planned drillholes.

Mineralogy and Metallurgical Work

The Company has engaged Activation Laboratories Ltd. (Actlabs) to perform X-ray diffraction (XRD) analysis and SGS Lakefield to conduct Tescan Integrated Mineral Analysis (TIMA) on select samples from both the Trinity Zone and Neo Zone. Combined, the XRD and TIMA programs will identify the primary rare earth-bearing mineral phases and grain size distributions within each zone, providing preliminary input for metallurgical test design.

In parallel, the Company has initiated preliminary discussions with SGS Lakefield regarding a scoping-level metallurgical test program, with a formal proposal anticipated to be executed in the coming weeks. Results from the mineralogical work are expected to inform the scope and design of the metallurgical program as the Project advances toward an inaugural MRE.

Quality Assurance / Quality Control

All drilling was completed using one truck and one track mounted diamond drill rigs with HQ size core and all drill core samples have been or will be shipped to Activation Laboratories Ltd. (Actlabs) preparation facility in Ancaster, Ontario, for standard sample preparation (code RX1) which includes drying, crush (< 7 kg) up to 80% passing 2 mm, riffle split (250 g) and pulverize (mild steel) to 95% passing 105 µm. The samples were subsequently analyzed using Code 8 by XRF Nb2O5, ZrO2 and Ta2O5 (0.003%), Code 8 - REE Assay (lithium metaborate/tetraborate fusion with subsequent analysis by ICP and ICP/MS). Drill core was saw-cut with half-core sent for geochemical analysis and half-core remaining in the box onsite.

A Quality Assurance/Quality Control protocol was incorporated into the program and included the insertion of certified reference material and silica blanks at a rate of approximately 5% and 5%, respectively. Additional analysis of pulp-split and reject-split sample duplicates was also completed at a rate of approximately 5% and 2.5%, respectively, to assess analytical precision at different stages. Actlabs Canada is independent of the Company.

Management cautions that the interception of carbonatite and associated hematite alteration is not necessarily indicative of mineralization. Assay results are required to confirm the presence, grade, and significance of any mineralization. All intercepts reported in this news release represent core length (apparent width). True widths have not yet been determined.

(1) REO (Rare Earth Oxide) is defined as the sum of Ce2O3, La2O3, Pr2O3, Nd2O3, Eu2O3, Sm2O3, Gd2O3, Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, and Y2O3.

(2) NdPr distribution calculated as (Nd2O3 + Pr2O3) / REO x 100

Qualified Person

The technical content of this news release has been reviewed and approved by Nathan Schmidt, P. Geo., a Qualified Person under NI 43-101 on standards of disclosure for mineral projects. Mr. Schmidt is a Geologist with Dahrouge Geological Consulting Ltd., the consulting firm engaged by Apex Critical Metals Corp. to conduct and oversee all of the Company's exploration work, including the 2026 drill program.

Mr. Schmidt has verified all scientific and technical data disclosed in this news release including the sampling and QA/QC results, and certified analytical data underlying the technical information disclosed. Mr. Schmidt noted no errors or omissions during the data verification process. The Company and Mr. Schmidt do not recognize any factors of sampling or recovery that could materially affect the accuracy or reliability of the assay data disclosed in this news release.

About Apex Critical Metals Corp. (CSE:APXC)(OTCQX:APXCF)(FWB:KL9)

Apex Critical Metals Corp. is a Canadian exploration company focused on advancing rare earth element (REE) and niobium projects that support the growing demand for critical and strategic metals across the United States and Canada. The Company's flagship Rift Project, located within the highly prospective Elk Creek Carbonatite Complex in Nebraska, U.S.A., hosts extensive rare earth rights surrounding one of North America's most advanced niobium-REE deposits. Historical drilling across the complex has reported broad intervals of high-grade REE mineralization, including intercepts such as 155.5 m of 2.70% REO and 68.2 m of 3.32% REO. Phase I step out drillholes at Rift have expanded the footprint of the high-grade mineralization over approximately 275.0 m from the historical drillholes with 23.7 m of 4.02% REO and multiple broad intervals of >2.00% REO. Additionally, Phase I drilling has delineated a new zone of strongly elevated NdPr beneath the high-grade material that extends for approximately 390 m with 13.5 m of 1.08% REO at 31.7 % NdPr and 10.9m of 0.99% REO and 30.1 % NdPr within a broader zone of 22.7 m of 0.79% REO at 32.8% NdPr.

In Canada, Apex continues to advance its 100%-owned Cap Project, located 85 kilometres northeast of Prince George, British Columbia. The 2025 drill program confirmed a significant niobium discovery with 0.59% Nb2O5 over 36 metres, including 1.08% Nb2O5 over 10 metres, within a 1.8-kilometre-long niobium trend. The Cap Project continues to demonstrate strong potential for niobium mineralization within a large and previously unrecognized carbonatite system.

With a growing portfolio of critical mineral projects in both Canada and the United States, Apex Critical Metals is strategically positioned to help strengthen domestic supply chains for the minerals essential to advanced technologies, clean energy, and national security. Apex is publicly listed in Canada on the Canadian Securities Exchange (CSE) under the symbol APXC and quoted on the OTCQX market in the United States under the symbol APXCF, and in Germany on the Borse Frankfurt under the symbol KL9 and/or WKN: A40CCQ. Find out more at www.apexcriticalmetals.com and watch our videos at pr.report and make sure to stay in touch by signing up for free news alerts at pr.report, or by following us on X (formerly Twitter), Facebook or LinkedIn.

On Behalf of the Board of Directors

APEX CRITICAL METALS CORP.,

Sean Charland
Chief Executive Officer
Tel: 604.681.1568
Email: info@apexcriticalmetals.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:

This news release may contain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include (without limitation) statements regarding the Company's planned Phase I drill program and any subsequent drill programs and statements regarding the Company's US-based prospective assets (more particularly described above), including the potential for additional acquisitions and the potential for exploration, and statements regarding the potential for future exploration and drilling to confirm the source of magnetic anomalies. Forward-looking statements are subject to various known and unknown risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. Risks that could change or prevent these events, activities or developments from coming to fruition include: the Company's properties are at an early stage of development and no current mineral resources or reserves have been identified by the Company thereof, that we may not be able to fully finance any additional exploration on the Company's properties; that even if we are able to raise capital, costs for exploration activities may increase such that we may not have sufficient funds to pay for such exploration or processing activities; the timing and content of any future work programs; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumptions based on limited test work and by comparison to what are considered analogous deposits that, with further test work, may not be comparable; testing of our process may not prove successful or samples derived from our properties may not yield positive results, and even if such tests are successful or initial sample results are positive, the economic and other outcomes may not be as expected; the anticipated market demand for REE and other minerals may not be as expected; the availability of labour and equipment to undertake future exploration work and testing activities; geopolitical risks which may result in market and economic instability. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements herein are made as of the date hereof, and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE: Apex Critical Metals Corp.

[LoneClone] [Lithium/REE] Atlantico Energy Metals Announces CSE Approval for Listing news...

LoneClone — 6/4/2026 2:45:18 PM

[Lithium/REE]
Atlantico Energy Metals Announces CSE Approval for Listing

newsfilecorp.com

June 02, 2026 12:49 PM EDT | Source: Atlantico Energy Metals Corp.

West Vancouver, British Columbia--(Newsfile Corp. - June 2, 2026) - Atlantico Energy Metals Corp. (formerly Magnum Goldcorp Inc.) (the "Company" or "Atlantico") is pleased to announce that further to its press release dated May 29, 2026, the Canadian Securities Exchange (the "CSE") has approved the listing of the common shares of the Company (the "Shares"). The Shares will be listed on the CSE under the symbol "ATLA" at the opening of trading on June 3, 2026. A copy of the Company's listing statement dated May 31, 2026 is available on the Company's SEDAR+ profile at www.sedarplus.ca.

"Listing on the CSE marks an important milestone for Atlantico as we enter the public markets with Novo Cruzeiro as our flagship project in Minas Gerais' Lithium Valley region of Brazil," said Bonn Smith, President, CEO and Director of Atlantico. "Novo Cruzeiro gives the Company a significant contiguous exploration package in an established mining jurisdiction, and our focus is to build Atlantico through methodical execution, disciplined capital allocation and systematic exploration."

About Atlantico Energy Metals Corp.

The Company's principal mineral property is the Novo Cruzeiro Project, located in northeastern Minas Gerais, Brazil. The Novo Cruzeiro Project comprises 15 contiguous exploration permits covering 24,387.28 hectares across the municipalities of Itaipé, Ladainha and Novo Cruzeiro. The Company also holds the Juazeiro Project in Brazil's Lower São Francisco Valley along the Bahia-Pernambuco border. Novo Cruzeiro is the Company's current principal project.

For further information, please contact:

Bonn Smith, President, CEO and Director
Tel: +1 (855) 258-6463
Email: info@atlantico.energy
Website: api.newsfilecorp.com

Neither the Canadian Securities Exchange nor any Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. These forward-looking statements include, among other things, statements relating to the listing of the Shares on the CSE. Such forward-looking statements are based on a number of assumptions of the management of the Company, including, without limitation, that the Company's shares will be listed on the CSE, as anticipated. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation, that there may be unexpected delays in listing. Such forward-looking information represents the best judgment of the management of the Company based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Neither the Company, nor any of its representatives makes any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this press release.

Source: Atlantico Energy Metals Corp.

[LoneClone] Eureka Metals Mobilizes 2026 Exploration Program at Tyee Titanium Project to ...

LoneClone — 6/4/2026 2:37:42 PM

Eureka Metals Mobilizes 2026 Exploration Program at Tyee Titanium Project to Advance High-Grade Titanium Targets and Evaluate Untested EM Anomalies

newsfilecorp.com

June 03, 2026 7:00 AM EDT | Source: Eureka Metals Corp.

Vancouver, British Columbia--(Newsfile Corp. - June 3, 2026) - Eureka Metals Corp. (CSE: ERKA) (OTCQB: UREKF) (FSE: S58) ("Eureka" or the "Company") is pleased to announce the mobilization of its Phase 1 summer prospecting program at the Company's 100%-owned Tyee Titanium Project (the "Project") located near Havre-Saint-Pierre, Québec.

Highlights

Eureka has mobilized crews for its Phase 1 2026 exploration program at the Tyee Titanium Project in Québec
Program to evaluate high-priority targets including Big Tio, NS Trend, and East Nugget
Historical surface sampling returned average grades of up to 36.07% TiO2 at Big Tio
Multiple untested electromagnetic ("EM") anomalies generated from historical airborne SkyTEM surveys to be evaluated
Helicopter-supported field program scheduled through June 17, 2026
Results expected to assist in prioritizing additional geophysical surveying and follow-up exploration activities later in the 2026 field season

"With multiple high-grade titanium targets, strong geophysical signatures, and several untested EM anomalies identified across the Project, we believe Tyee represents one of the more compelling emerging titanium exploration stories in Québec," stated Danny Matthews, CEO. "This program is designed to rapidly advance several priority target areas while continuing to unlock the broader exploration potential of the district."

Phase 1 Prospecting Program

The program is being managed by IOS Geosciences and represents the first phase of Eureka's planned 2026 exploration campaign at Tyee. A four-person field crew mobilized to Havre-Saint-Pierre on May 28, 2026, with helicopter-supported prospecting operations expected to continue through June 17, 2026.

The Phase 1 program will focus on a combination of newly identified EM anomalies and several of the Company's highest-priority historical target areas, including Big Tio, NS Trend, and East Nugget. These targets were identified through previous prospecting, geophysical surveying, and sampling campaigns completed across the Project and are associated with strong conductive and magnetic signatures interpreted to reflect extensive titanium-vanadium-scandium mineralization.

Historical Target Areas

Historical surface sampling at Big Tio returned average grades of 36.07% TiO2 from 12 grab samples, while the NS Trend target returned average grades of 31.89% TiO2 across 15 grab samples and an interpreted strike length of approximately 2.3 kilometres. East Nugget returned average grades of 34.50% TiO2 across 3 grab samples. The Company believes these targets highlight the scale potential and high-grade nature of titanium mineralization across the Tyee district and warrant systematic follow-up exploration.

Figure 1. Historical titanium target areas identified at the Tyee Titanium Project, including Big Tio, NS Trend, and East Nugget. The figure also highlights the Project's location within the Havre-Saint-Pierre anorthosite complex near Rio Tinto's Lac Tio deposit, one of the world's largest hard rock titanium deposits.

To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com

Untested SkyTEM EM Anomalies

In addition to the historically identified targets, the current program will evaluate multiple additional EM anomalies generated from extensive airborne SkyTEM geophysical surveying previously completed across the Project area. Numerous conductive targets identified by the surveys remain only partially evaluated or entirely untested by previous field programs. The Company believes several of these anomalies warrant additional follow-up geophysical work and detailed ground evaluation.

Prospecting activities will utilize portable "beep mat" systems, which have previously demonstrated effectiveness in identifying massive oxide mineralization within the district. The Company believes this approach may assist in rapidly evaluating both newly identified EM anomalies and recognized mineralized corridors across the Project's titanium-vanadium-scandium prospective trends.

Figure 2. Surface exposure of titanium-bearing ilmenite mineralization at the NS Trend target area at the Tyee Titanium Project.

To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com

The program will include geological mapping, prospecting, and rock sampling designed to refine geological interpretations and expand known mineralized trends. Results from the Phase 1 program are expected to assist the Company in prioritizing additional geophysical surveying and follow-up exploration activities planned for later in the 2026 field season. All rock samples collected during the program will be prepared at IOS Geosciences' facilities in Saguenay, Québec, before being submitted to accredited analytical laboratories for assay and geochemical analysis.

The Tyee Titanium Project is located within the Havre-Saint-Pierre anorthosite complex on Québec's North Shore, approximately 140 kilometres north of Havre-Saint-Pierre. The district hosts Rio Tinto's nearby Lac Tio deposit, one of the world's largest hard rock titanium deposits, and remains significantly underexplored despite its favorable geological setting and extensive critical metals potential.

The Company also announces that it has granted an aggregate of 100,000 incentive stock options (the "Options") to certain consultants of the Company pursuant to its omnibus equity incentive plan. The Options are exercisable at a price of $0.45 per common share for a period of three years from the date of grant.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Ryan Versloot, P.Geo., a technical advisor to the Company and a Qualified Person as defined under National Instrument 43-101.

About Eureka Metals Corp.

Eureka Metals Corp. is a Canadian mineral exploration company focused on the acquisition and advancement of exploration projects in Canada. The Company holds a 100% interest in the Tyee Titanium Project in Québec, prospective for titanium-vanadium-scandium mineralization, and an option to acquire a 100% interest in the Cabin Lake Polymetallic Project in British Columbia, prospective for silver-lead-zinc-gold mineralization.

On behalf of the Board of Directors:

Danny Matthews
Chief Executive Officer
Email: info@eurekametals.com

Cautionary Statement

Certain statements contained in this news release, including statements which may contain words such as "will", "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions, and statements related to matters which are not historical facts within the meaning of applicable securities laws. Such forward-looking statements reflect management's expectations and are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking statements. The Company believes that the expectations reflected in the forward-looking statements contained in this news release are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company undertakes no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law.

The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.

Source: Eureka Metals Corp.

[LoneClone] North America Lithium and Gold Identifies Multiple High-Priority Lithium Targ...

LoneClone — 6/4/2026 2:11:22 PM

North America Lithium and Gold Identifies Multiple High-Priority Lithium Targets at Midnight Owl Following Advanced Hyperspectral Refinement

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June 03, 2026 9:25 AM EDT | Source: North America Lithium and Gold Corporation

Gurnee, Illinois--(Newsfile Corp. - June 3, 2026) - North America Lithium and Gold Corp. (OTCID: NALG) (the "Company"), a U.S.-focused lithium, gold, beryllium, and critical minerals exploration company, is pleased to announce the completion of the first phase of advanced hyperspectral target refinement work at its Midnight Owl Project located within Arizona's historic White Picacho Pegmatite District.

The work was completed by David Coulter, PhD, an internationally recognized expert in airborne hyperspectral image analysis for mineral exploration and discovery. The objective of the program was to refine and prioritize existing lithium exploration targets utilizing high-resolution airborne hyperspectral datasets previously collected across the project area.

The results have identified multiple high-priority spodumene-associated target zones that the Company believes warrant follow-up field verification and future drill testing.

Advanced Hyperspectral Target Refinement

High-resolution airborne hyperspectral data collected by SpecTIR LLC were analyzed by Dr. Coulter utilizing advanced mineral mapping methodologies developed through decades of experience in mineral exploration and remote sensing.

The datasets consist of spectral measurements collected across the project area in the visible to short-wave infrared spectrum at approximately one-meter ground resolution and long-wave infrared (thermal) measurements at approximately two-meter ground resolution.

A proprietary signal processing methodology was utilized to generate mineral distributions from spectral responses with quantifiable goodness-of-fit measurements. Responses associated with spodumene, quartz, illite, and ammoniated illite were identified as particularly useful indicators for the refinement of lithium exploration targets.

The analysis was designed to move beyond broad regional targeting and focus on identifying specific zones exhibiting the strongest spectral signatures consistent with lithium-bearing pegmatite systems.

Figure 1: Integrated RGB hyperspectral mineral interpretation map of the Midnight Owl Project generated through advanced hyperspectral refinement work completed by David Coulter, PhD. The image highlights relationships between spodumene-associated responses (green), quartz-rich pegmatite corridors (blue), and illite-bearing alteration zones (red/pink) across the White Picacho Pegmatite District. The labeled Point Targets represent priority lithium exploration areas identified through the integration of hyperspectral mineral signatures, structural trends, and pegmatite-hosted geological features. These target zones are being utilized to prioritize future field verification and drill planning while improving the Company's understanding of the structural and mineralogical controls associated with lithium-bearing pegmatite systems.

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The integrated interpretation demonstrates a strong spatial relationship between quartz-rich pegmatite corridors and spodumene-associated responses across portions of the project area. Management believes these relationships provide important geological context for understanding the distribution of potential lithium-bearing pegmatite systems within the White Picacho District.

The results further support the Company's belief that the Midnight Owl Project hosts a significant and underexplored pegmatite system with the potential to contain multiple lithium-bearing target zones.

Multiple High-Priority Spodumene Targets Identified

As part of the refinement process, Dr. Coulter isolated several concentrated spodumene-associated target areas exhibiting strong spectral responses interpreted as potential lithium-bearing pegmatite systems.

Multiple target clusters were identified within the project area, with several displaying coincident spectral signatures consistent with spodumene mineralization occurring within broader quartz-rich pegmatite environments. The Company believes these targets represent some of the highest-priority lithium exploration areas currently identified on the property.

Importantly, several of the refined target zones occur within areas that correlate with previously recognized pegmatite trends and field observations completed during earlier exploration programs. This alignment between hyperspectral analysis and field observations provides additional confidence in the targeting methodology.

Figure 2: Refined spodumene-associated hyperspectral target map generated from airborne remote sensing data analyzed by David Coulter, PhD. Highlighted zones represent concentrated lithium-bearing spectral responses interpreted as priority spodumene exploration targets within the Midnight Owl Project area. The refinement work focused on isolating high-confidence spodumene signatures and associated pegmatite-hosted lithium systems for future field verification and drill targeting.

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The Company believes the identification of these refined target zones represents a significant advancement in the exploration of the Midnight Owl Project and provides a clear framework for future field investigations and drill planning.

CEO Commentary

"We are extremely pleased with the outcome of Dr. Coulter's work," stated Mac J. Shahsavar, P.Eng., Chairman and CEO of North America Lithium and Gold Corp.

"Our objective in bringing David onto the project was to take the substantial amount of hyperspectral data already collected and refine it into actionable exploration targets. These results represent that next step."

"The refined spodumene targets identified through this work provide us with a significantly improved understanding of where potential lithium-bearing pegmatite systems may occur within the project area."

"Perhaps most encouraging is the correlation between several of these targets and geological features observed during previous field programs. The combination of hyperspectral analysis and field observations continues to strengthen our confidence in the Midnight Owl Project and its lithium potential."

About David Coulter, PhD

David Coulter is an internationally recognized expert in hyperspectral image analysis for mineral exploration and discovery. He has been involved in the application of multispectral and hyperspectral imagery for mineral exploration and environmental monitoring for more than 25 years.

Dr. Coulter holds a Bachelor of Science degree in Geology from Kent State University, a Master of Science degree in Geological Engineering from the University of Arizona, and a Ph.D. in interdisciplinary geology and geophysics from the Colorado School of Mines.

Throughout his career, Dr. Coulter has mapped mineral assemblages and alteration systems across numerous exploration projects globally, with extensive experience throughout the American Cordillera from northern British Columbia to southern Argentina. His expertise combines advanced remote sensing technologies with economic geology and mineral exploration geophysics.

Next Steps

The Company intends to utilize the refined target areas generated through Dr. Coulter's analysis to guide future field verification programs and evaluate potential drill targets within the Midnight Owl Project.

Additional technical updates regarding the Company's ongoing gold and beryllium targeting initiatives are expected as further interpretation work and field programs continue.

About North America Lithium and Gold Corp.

North America Lithium and Gold Corporation (OTCID: NALG) is a U.S.-based lithium and gold exploration company focused on developing its flagship project, the Revival of the Midnight Owl Mine. Historically known as the Lithium King Mine, the project is located approximately 13 miles east of Wickenburg, Arizona. The Company holds 100% ownership of the Midnight Owl Mine along with an adjoining 5,040 acres (244 lode claims). This lithium pegmatite project is strategically positioned within 170 miles of three billion-dollar gigafactories currently under construction, providing strong logistical and commercial advantages. North America Lithium and Gold Corporation is advancing a portfolio of lithium-rich assets with the objective of becoming a significant domestic supplier of lithium-based products, supporting U.S. energy security and next-generation technologies.

To learn more about North America Lithium and Gold Corporation, visit:

Corporate Website:
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CONTACT

North America Lithium and Gold Corporation
Phone: 866-600-5444
Email: secretary@northamericalithium.com

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including the Company's ability to raise capital and its future financial performance, and involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied. You should not place undue reliance on forward-looking statements, as they involve risks and uncertainties that are, in some cases, beyond the Company's control and could materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects management's current views with respect to future events and is subject to risks, uncertainties, and assumptions related to operations, growth strategy, and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, even if new information becomes available.

For additional information on risks and uncertainties, please review the Company's filings with OTC Markets Group Inc., available at: api.newsfilecorp.com

Source: North America Lithium and Gold Corporation

[LoneClone] Sigma Lithium Demonstrates Excellence in Environmental Performance Filing Dat...

LoneClone — 6/4/2026 2:10:00 PM

Sigma Lithium Demonstrates Excellence in Environmental Performance Filing Data Collected by External Experts Measuring Low Noise, Low Dust, Low Vibrations

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June 02, 2026 6:31 PM EDT | Source: Sigma Lithium Corporation

HIGHLIGHTS

Sigma Lithium files one year of external expert environmental data (for the 12 months to May 2026) demonstrating its track record: low levels of dust, vibrations, noise, monitored in four neighbouring communities, as follows:
- Dust: Sigma Lithium operates 560% better than recommended standards for total suspended particles, 350% better for particle size of below 2.5 micrometers.
- Noise: 95 measurement campaigns conducted during night and day demonstrated compliance with ABNT standards.
- Vibrations: The level of vibrations measured in terms of velocity measured in millimeters per second against the frequency measured in Hertz were extremely low, barely registering on the seismograph scale, when set against the ABNT limits.
The data series externally collected by experts provides transparent, objective evidence of Sigma Lithium's impeccable environmental track record.
The evidence filed directly refutes baseless and unproven claims against the Company made in local Brazilian courts, currently under appeal at the State Courts in Minas Gerais (Tribunal de Justiça de Minas Gerais).

São Paulo, Brazil--(Newsfile Corp. - June 2, 2026) - Sigma Lithium Corporation (NASDAQ: SGML) (TSXV: SGML) (BVMF: S2GM34) ("Sigma Lithium" or the "Company"), the largest producer of lithium oxide concentrate in the Americas¹ and dedicated to industrializing socially and environmentally sustainable lithium materials to supply global producers of batteries for energy security, demonstrated the Company's excellence in environmental performance in a filing with one year of data collected by external experts with measurements demonstrating low levels of dust, vibrations and noise generated by its operations.

The solid data series externally collected by experts provides transparent, objective evidence of Sigma Lithium's environmental track record and directly refutes baseless and unproven claims against the Company made in local Brazilian courts, currently under appeal within jurisdiction of rule of law at the State Courts in Minas Gerais (Tribunal de Justiça de Minas Gerais). The data points are below the stringent legal limits in Brazil, as well as the established standards of the Brazilian Technical Standards Association ("Associacao Brasileira de Normas Tecnicas" or "ABNT") and Brazil's National Environmental Council ("Conselho Nacional do Meio Ambiente" or "CONAMA").

The tables below graphically illustrate the data for Sigma Lithium's environmental performance for airborne particular matter (PM), vibration, and noise over the past year. The data was collected by third-party experts engaged by the Company and demonstrate that Sigma Lithium has consistently performed better than the minimum regulatory legal requirements.

Tables 1, 2, and 3 show data with respect to the monitoring of dust. Data is presented for the twelve months to May 2026 showing total suspended particles and particle size below 10 and 2.5 micrometers measured in four locations in the community (C1, C2, C3, and C4). The data shows that the levels of dust generated by Sigma Lithium's operations were 350% to 560% below the CONAMA standard limits established for each category.
Table 4 shows the level of vibration measured in the twelve months to May 2026 in terms of velocity measured in millimeters per second against the frequency measured in Hertz. The vibrations (marked by "X" in the chart) are extremely low, when set against the ABNT limits shown in the red line.
Table 5 shows the results of noise monitoring in the twelve months to May 2026 that measures compliance with ABTN limits in terms of decibels at four locations. The chart includes a data set for daytime monitoring and another for nighttime monitoring.

Anna Hartley, Sigma Lithium's Vice President of Investor Relations and Global Banking said: "Sigma Lithium has chosen to file a full year of environmental monitoring data, independently collected by third party experts, covering dust, noise, and vibration levels. The results underscore our strong environmental performance and leadership in sustainable mining practices. The data provides transparent, objective evidence of our dedication to environmental stewardship and directly refutes claims suggesting otherwise. Sigma Lithium is committed to maintaining the highest standards of social and environmental sustainability. The Company's operations support approximately 19,000 livelihoods, benefiting an estimated 80,000 people in one of Brazil's most economically challenged regions. At Sigma Lithium, we recognize the significance of this impact and embrace this responsibility with the utmost seriousness."

Table 1: Sigma Lithium – LOW DUST –Total Suspended Particles (micrometers)

Sigma Lithium operates 560% better than recommended standards for total suspended particles, 350% better for particle size of below 10 and 2.5 micrometers.

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Table 2: Sigma Lithium – LOW DUST –Particle Size = 10 micrometers

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Table 3: Sigma Lithium – LOW DUST –Particle Size = 2.5 micrometers

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Table 4: Sigma Lithium – VIBRATIONS

The level of vibrations measured in terms of velocity measured in millimeters per second against the frequency measured in Hertz were extremely low, barely registering on the seismograph scale, when set against the ABNT limits.

To view an enhanced version of this graphic, please visit:
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Table 5: Sigma Lithium – NOISE – RESULTS OF ACOUSTIC MONITORING

95 measurement campaigns conducted during night and day demonstrated compliance with ABNT standards.

To view an enhanced version of this graphic, please visit:
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ABOUT SIGMA LITHIUM

Sigma Lithium Corporation (NASDAQ: SGML) (TSXV: SGML) (BVMF: S2GM34) ("Sigma Lithium" or "the Company") is the largest producer of lithium oxide concentrate in the Americas¹ and dedicated to industrializing socially and environmentally sustainable lithium materials to supply global producers of batteries for energy security.

The Company runs one of the world's largest lithium production sites—the fifth-largest industrial-mineral complex for lithium oxide concentrate—at its Grota do Cirilo operation in Brazil. Sigma Lithium is at the forefront of environmental and social sustainability in the electric battery materials supply chain. The Company's Greentech Industrial Plant combines the reuse of 100% of water, zero use of toxic chemicals, zero tailings and the use of 100% renewable electricity. For more than two years Sigma Lithium has not experienced an accident with lost time.

Sigma Lithium currently has a nameplate capacity to produce 270,000 tonnes of lithium oxide concentrate on an annualized basis (approximately 38,000–40,000 tonnes of LCE) at its mine and state-of-the-art Greentech Industrial Plant. The Company has initiated a Phase 2 expansion designed to close to double production capacity to 520,000 tonnes. For more information about Sigma Lithium, visit our website

(1) USGS.

FOR ADDITIONAL INFORMATION PLEASE CONTACT

Anna Hartley, Vice President of Global Banking and Investor Relations
anna.hartley@sigmalithium.com.br
+44 7866 458 093

Mariana Bengtson, Investor Relations Manager
mariana.bengtson@sigmalithium.com.br
+55 11 9 2144 2750

Sigma Lithium

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FORWARD-LOOKING STATEMENTS

This news release includes certain "forward-looking information" under applicable Canadian and U.S. securities legislation, including but not limited to statements relating to timing and costs related to the general business and operational outlook of the Company, the environmental footprint of tailings and positive ecosystem impact relating thereto, donation and upcycling of tailings, timing and quantities relating to tailings and Green Lithium, achievements and projections relating to the Zero Tailings strategy, achievement of ramp-up volumes, production estimates and the operational status of the Grota do Cirilo Project, and other forward-looking information. All statements that address future plans, activities, events, estimates, expectations, or developments that the Company believes, expects, or anticipates will or may occur is forward-looking information, including statements regarding the potential development of mineral resources and mineral reserves which may or may not occur. Forward-looking information contained herein is based on certain assumptions regarding, among other things: general economic and political conditions; the stable and supportive legislative, regulatory and community environment in Brazil; demand for lithium, including that such demand is supported by growth in the electric vehicle market; the Company's market position and future financial and operating performance; the Company's estimates of mineral resources and mineral reserves, including whether mineral resources will ever be developed into mineral reserves; and the Company's ability to operate its mineral projects including that the Company will not experience any materials or equipment shortages, any labor or service provider outages or delays or any technical issues. Although management believes that the assumptions and expectations reflected in the forward-looking information are reasonable, there can be no assurance that these assumptions and expectations will prove to be correct. Forward-looking information inherently involves and is subject to risks and uncertainties, including but not limited to that the market prices for lithium may not remain at current levels; and the market for electric vehicles and other large format batteries currently has limited market share and no assurances can be given for the rate at which this market will develop, if at all, which could affect the success of the Company and its ability to develop lithium operations. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, except as required by law. For more information on the risks, uncertainties and assumptions that could cause our actual results to differ from current expectations, please refer to the current annual information form of the Company and other public filings available under the Company's profile at www.sedarplus.ca.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Source: Sigma Lithium Corporation

[LoneClone] Bold Ventures Discovers Rare Earth Element System at Burchell Project newsfile...

LoneClone — 6/4/2026 1:58:51 PM

Bold Ventures Discovers Rare Earth Element System at Burchell Project

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June 03, 2026 8:00 AM EDT | Source: Bold Ventures Inc.

Toronto, Ontario--(Newsfile Corp. - June 3, 2026) - Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") is pleased to announce the discovery of a rare earth element (REE) system in the northwest corner of its Burchell Project (the "Project" or the "Property"), located 100 km west of Thunder Bay in the Western Shebandowan Greenstone Belt (WSGB). The discovery was made during the March 2026 Phase II diamond drilling program at Burchell.

HIGHLIGHTS:

Hole BL-26-05A returned a mineralized interval averaging 1022 ppm (0.1%) Total Rare Earth Oxides (TREO) over 55.2 meters, within syenite intruded by carbonate veining.
29% of the TREOs are composed of the Magnet Rare Earth Oxides (MREOs), which include Nd, Pr, Dy & Tb, essential to EV, clean energy, aerospace and defense applications.
The mineralized interval spans the entire drillhole from 55.8 to 111 m, extending beyond 55.8 meters of sand and gravel overburden, and therefore the mineralization is open at depth and in all directions.
The mineralized interval is associated with REE pathfinder elements Sr, Ba, Ca and P, which are characteristic of fertile alkaline-carbonatite systems.
Results indicate a chemically evolved system capable of concentrating rare earth elements.
The geological entity hosting the mineralization, the Hermia Pluton, occupies a 6 km stretch in the northern part of the Burchell Property, indicating an expansive, previously unrecognized REE exploration potential on the Property.

Bruce MacLachlan, President and COO of Bold Ventures, stated: "The discovery of rare earth element mineralization was unexpected but very welcome, and bolsters the critical metal potential of the Burchell Property. The wide anomalous intercept in conjunction with geochemical pathfinders suggests a system rather than an isolated anomaly. This model has never been explored on the Property, and there is lots of room to do so along the 6-km portion of the Hermia Pluton on our ground. The discovery is especially significant in a time when governments are recognizing the importance of secure supply chains and procurement of critical metals for defense and high-tech applications."

March 2026 Burchell NW Corner Drill Program: Initial Results, Discovery of REE System

The March 2026 Burchell NW Corner Drill Program involved the completion of 6 drillholes in the northwest corner of the Property where the Moss Gold Trend from the adjacent Moss Project owned by Gold X2 Mining Inc. is inferred to pass through. The 6 drillholes totalled 834.5 meters. Results from holes BL-26-05A and BL-26-06A, including significant REE results from hole BL-25-05A, have now been received from the laboratory and are described below, and results from holes BL-26-07, BL-26-08, BL-26-09, and BL-26-10 are pending. See Table 1 for drillhole statistics and Figure 1 for locations of drillholes relative to claim boundaries and topographical features.

Table 1: Burchell Phase II drillhole statistics

Hole_ID	Easting	Northing	Elevation (mASL)	Az_deg	Dip_deg	Depth_m	Target
BL-26-05A*	673935	5382015	457	345	-60	111	MMI Soil Samples, Hermia Pluton Contact
BL-26-06A**	673645	5382224	462	330	-45	93	MMI Soil Samples, VLF conductors
BL-26-07	673182	5382699	467	320	-45	207	MMI Soil Samples, VLF conductors
BL-26-08	673341	5383025	453	320	-45	156	MMI Soil Samples, VLF conductors
BL-26-09	673539	5382875	456	320	-45	105.5	MMI Soil Samples, VLF conductors
BL-26-10	673444	5382658	467	330	-45	162	MMI Soil Samples, VLF conductors

*hole attempted previously with lighter drill which could not penetrate overburden.
**same as hole BL-26-05A.

BL-26-05A

Hole BL-26-05A was drilled to test an MMITM gold-in-soil anomaly along the inferred contact of the Hermia pluton, which occupies a magnetic high domain distinct from the felsic to intermediate metavolcanics to the north (see Figure 1).

Figure 1: March 2026 Burchell Northwest Corner Drillholes

To view an enhanced version of this graphic, please visit:
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This hole has discovered a rare-earth element (REE)-bearing alkaline-carbonatite system hosted within syenite and associated with carbonate veining. The 55.2-meter mineralized interval returned a weighted average grade of 1,022 ppm TREO, and spans the entire drillhole following 55.8 meters of sandy, gravelly overburden down to 111 m, indicating that the mineralization is open at depth and in all directions. This mineralized interval is characterized by elevated concentrations of key REE pathfinder elements, averaging 3,244 ppm Sr, 2,287 ppm Ba, 14.7% CaO, and 0.89% P2O5 over the interval. This geochemical assemblage is considered characteristic of fertile alkaline-carbonatite REE systems and supports the interpretation that the Company has intersected a significant REE-bearing mineralizing environment.

From a geological perspective, this association is highly encouraging because it is characteristic of fertile alkaline-carbonatite systems, which host many of the world's major hard-rock REE deposits. The elevated calcium content reflects strong carbonate enrichment and supports the presence of carbonatitic or carbonatite-related hydrothermal processes. Strontium values exceeding 3,000 ppm are particularly significant and commonly associated with carbonatite magmatism and REE-bearing carbonate systems. Elevated barium suggests the involvement of evolved magmatic-hydrothermal fluids capable of concentrating incompatible elements, including REEs. Finally, the anomalous phosphorus content may indicate the presence of REE-bearing phosphate minerals such as monazite and apatite.

The results indicate the presence of a chemically evolved system capable of concentrating rare-earth elements and provide compelling targets for follow-up exploration to identify higher-grade mineralized zones within the broader Hermia Pluton intrusive complex. This pluton occupies a 6 km stretch in the northern part of the Property, indicating expansive, previously unrecognized REE exploration potential on the Property.

Furthermore, the TREOs intersected in the 55.2-meter interval are composed of 29% Magnet Rare Earth Oxides (MREOs), including Nd, Pr, Dy and Tb, which are essential to EV, clean energy, aerospace, and defense applications. A breakdown of results is included in Table 2 below:

Table 2: Rare Earth Elements and Pathfinder Elements in Hole BL-26-05A

Element / Oxides	Weighted Avg over 55.2 m	Range
CeO2 ppm	438.4	189.2 - 988.9
La2O3 ppm	171.3	78.9 - 390.5
Pr6O11 ppm	56.5	21.9 - 123.2
Nd2O3 ppm	226.7	77.7 - 552.9
Sm2O3 ppm	36	10.9 - 92.7
LREO ppm	928.9	390.1 - 2072.9
Eu2O3 ppm	8.8	2.8 - 21.9
Gd2O3 ppm	22.7	6.5 - 60.1
Tb4O7 ppm	2.2	0.7 - 5.4
Dy2O3 ppm	9.3	3.3 - 21.4
Ho2O3 ppm	1.5	0.5 - 3.3
Er2O3 ppm	3.25	1.25 - 7.3
Tm2O3 ppm	0.4	0.2 - 0.9
Yb2O3 ppm	2.3	1.0 - 4.8
Lu2O3 ppm	0.3	0.15 - 0.74
Y2O3 ppm	42	15.9 - 94.35
HREO ppm	92.75	32.25 - 208.8
TREO ppm	1021.8	422.3 - 2241.2
MREO ppm	294.7	103.5 - 702.9
MREO / TREO	0.29	0.23-0.33
CaO %	14.3	2.9 - 54.8
P2O5 %	0.9	0.2 - 12.5
Sr ppm	3244.6	1400 - 9850
Ba ppm	2287.5	67 - 4200

TREO (Total Rare Earth Oxides) is calculated by multiplying the elemental concentration of each REE by its specific stoichiometric conversion factor and summing the concentrations of the corresponding oxides. The conversion factors used are: La2O3 (1.1728), CeO2 (1.2284), Pr6O11 (1.2082), Nd2O3 (1.1664), Sm2O3 (1.1596), Eu2O3 (1.1579), Gd2O3 (1.1526), Tb4O7 (1.1762), Dy2O3 (1.1477), Ho2O3 (1.1455), Er2O3 (1.1435), Tm2O3 (1.1421), Yb2O3 (1.1387), Lu2O3 (1.1371), and Y2O3 (1.2699). LREO stands for Light Rare Earth Oxides, the sum of the oxide equivalents of Ce, La, Nd, Pr & Sm, and HREO stands for Heavy Rare Earth Oxides, the sum of the oxide equivalents of Eu, Gd, Tb, Dy, Ho, Er, Tm, Yb, Lu, & Y. True widths of mineralization are unknown at this time.

Hole BL-26-06A

This hole intersected a package of variably altered intermediate volcanics which returned no significant results.

Importance of Rare Earth Elements

Rare Earth Elements are critical to modern manufacturing processes across a wide range of sectors including electronics, clean energy, aerospace, automotive and defense. The largest and most important use of REEs is in the production of permanent magnets (NdFeB magnets), which require the 'magnet rare earths' Nd, Pr, Dy & Tb and accounted for 48% of the global demand for REEs in 2024. Canada is not yet a producer of REEs but holds some of the largest known rare earth resources globally, estimated at over 15 million tonnes of rare earth oxide in 2024. China is the world's largest producer of REEs, accounting for 69% of global production in 2024. Establishing a secure and sustainable REE supply for industrial and defense applications has been an increasing concern for governments worldwide, including Canada's federal and provincial governments. Ontario's Ford government recently released its 'Framework for the Ontario Defence Industrial Strategy' document at the CANSEC 2026 defense & security trade show in Ottawa, in which Northern Ontario was mentioned as being part of an industrial cluster through the mining of critical minerals used in the defense and high-tech manufacturing. See the article below from Northern Ontario Business.

api.newsfilecorp.com

For more general information on REEs and Canada's position in the global market, see the link below to Natural Resources Canada.

api.newsfilecorp.com

For a more in-depth review of REE usage, recovery, geopolitical significance, and global supply chain challenges, see the link below to an article from Mining, Metals and Metallurgy.

Rare Earth Elements in the Global Economy: Usage, Recovery, and the Quest for Supply Security - A Review | Mining, Metallurgy & Exploration | Springer Nature Link

QAQC Protocols

Core samples were cut by diamond saw under supervision of the QP, placed in sealed bags, and driven to AGAT Laboratories in Thunder Bay, an ISO / IEC 17025 accredited laboratory. Blank and standard certified reference material were inserted into the sample sequence at a rate of 4% each, with an additional 4% of samples designated for duplicate analysis of the sample reject. All samples were analyzed using AGAT methods 202-551, a 50g fire assay with Atomic Absorption Spectroscopy finish for Au analysis, and 201-378, a sodium peroxide fusion with ICP-OES and ICP-MS finish, for 58 trace elements including most REEs.

Acknowledgements

The Company is pleased to acknowledge the contributions of consultant Ike A. Osmani, MSc., P.Geo, of FGC Inc., to this news release, having provided valuable insight and background information on alkaline-carbonatite systems, especially in the context of the Shebandowan Greenstone Belt where he has extensive work experience spanning decades.

The technical information in this news release was reviewed and approved by Coleman Robertson, B.Sc., P. Geo., the Company's V.P. Exploration and a qualified person (QP) for the purposes of NI 43-101.

Bold Ventures management believes our suite of Battery, Critical and Precious Metals exploration projects is an ideal combination of exploration potential meeting future demand. Our target commodities include: Copper (Cu), Nickel (Ni), Lead (Pb), Zinc (Zn), Gold (Au), Silver (Ag), Platinum (Pt), Palladium (Pd) and Chromium (Cr). The Critical Metals list and a description of the Provincial and Federal electrification plans are posted on the Bold website here.

About Bold Ventures Inc.

The Company explores for Precious, Battery and Critical Metals in Canada. Bold is exploring properties located in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.

For additional information about Bold Ventures and our projects please visit boldventuresinc.com or contact us at 416-864-1456 or email us at info@boldventuresinc.com.

"Bruce A MacLachlan"
Bruce MacLachlan
President and COO

"David B Graham"
David Graham
CEO

Direct line: (705) 266-0847

Email: bruce@boldventuresinc.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

Source: Bold Ventures Inc.

[LoneClone] Dinero Announces Drilling on High Grade REE Property newsfilecorp.com June 03...

LoneClone — 6/4/2026 1:54:35 PM

Dinero Announces Drilling on High Grade REE Property

newsfilecorp.com

June 03, 2026 8:00 AM EDT | Source: Dinero Ventures Ltd.

Stewart, British Columbia--(Newsfile Corp. - June 3, 2026) - Dinero Ventures Ltd (TSXV: DNO) ("Dinero") reports that a drill program is underway at the 100 % owned Mt Bisson REE property situated 65 km northwest of Mackenzie, B.C. The property consists of approximately 11,786 ha in 15 claims that covers a 3 km x 9 km magnetic area hosting REE minerals. Six rare-earth element mineralized localities (Kolbe, Laura, Bliss (Central), Will # 1 and 2 and the M12000 Road) occurrences have been identified with the Kolbe and Central zone having the highest REE values.

Ed Kruchkowski, President of the Company, states: "The Mt Bisson project is an exciting property located in an area well accessed by a network of logging roads. The demand for rare earth metals has the potential to add great value for both the Company and the shareholders given the opportunities on this property. The Company is very excited to continue with a strategy for advancing the project."

There are 17 rare earth elements that are a well-defined group of chemically similar metals indispensable for modern technology and industry. The 15 lanthanides include lanthanum, cerium, praseodymium, neodymium, promethium, samarium , europium, gadolinium, terbium, dysprosium, holmium, erbium, thulium, ytterbium, and lutetium. Scandium and yttrium are also included because they occur in the same ore deposits as the lanthanides and exhibit similar chemical behavior.

These elements are often divided into light rare earth elements (LREE's) and heavy rare earth elements (HREE's) based on their atomic weights. LREE's generally include lanthanum through europium, while HREE's include gadolinium through lutetium, along with yttrium.

Rare earth elements are essential in a wide range of applications, including electronics, renewable energy technologies, magnets, lasers, glass, and industrial catalysts. For example, neodymium and dysprosium are critical for high-strength magnets used in wind turbines and electric vehicles, while europium and terbium are used in display technologies. Their unique electronic structures, particularly the partially filled 4f orbitals of the lanthanides, give rise to extraordinary magnetic, optical, and catalytic properties that distinguish them from other metals.

Rare earth elements (REE's) have a wide range of applications across various industries, including:

Clean Energy: Used in wind turbines and electric vehicle batteries for renewable energy technologies.
Electronics: Essential for manufacturing smartphones, tablets, and other high-end electronic devices.
Defense: Critical components in military technologies, including guidance systems and radar.
Medical Imaging: Utilized in MRI machines and other medical imaging technologies.
Industrial Processes: Employed in catalysts for petroleum refining and in glass and ceramics production.

The rare earth elements (REE's) are a specific subset of critical minerals known for their unique properties and applications in technology while the critical minerals are a broader category of minerals essential for economic and national security.

The mineral assemblage of the Mt Bisson rare-earth element mineralization places it in the pegmatite system consisting of deep brown allanite, vesuvianite, scheelite, two varieties of epidote (pink and pistachio green), monazite, fluorapatite and sparse zircon. Elevated Y2O3 contents were also documented in several minerals.

During work by the property owners in 2025, the newly discovered Kolbe showing was located. Of the 13 samples collected from the zone, 8 returned over the limit results in cerium (>10000 ppm), lanthanum (>10000 ppm), neodymium (>10000 ppm), praseodymium (>1000 ppm) and samarium (>1000 ppm). Sample A25-88 gave 31 % TREE with 10.66 % lanthanum, 16.0 % cesium, 1.33 % praseodymium, 3.49 % neodymium, 0.22 % samarium, 0.25 % europium, 1.61 %, luetetium, 0.06 % ytterbium, gadolinium 0.065 % and 0.09 % dysprosium. Sample A25-84 gave 11.47 % TREE with 3.27 % lanthanum, 5.23 % cesium, 0.55 % praseodymium, 0.188 % neodymium, 0.22 % samarium and 0.09 % dysprosium. Sample A25-86 gave 8.18 % TREE with 3.02% lanthanum, 3.96 % cesium, 0.33 % praseodymium, 0.188 % neodymium and 0.05 % samarium. Of the above 8 samples, niobium values ranged from 0.005 to 0.22 %.

Note: The grab samples above were random in nature and do not necessarily represent the metal content in the located source. The Company feels that the high metal content is highly encouraging and further investigation is warranted.

The Company QP supervised the 2025 exploration for the property owners and can verify the accuracy and validity of the sampling. The QP was in charge of the samples in the field and delivered them to the laboratory.

To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com

To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com

The above map shows the claim boundaries, location of the showings and magnetic anomaly copied from government files. Sampling on the Kolbe zone is shown in the second map with a table showing the TREE for the 2025 samples.

The Company undertook X-Ray Powder Diffraction analysis at UBC on 4 samples from the zone. These indicated the presence of allanite, a rare earth bearing silicate and monazite, a rare earth bearing phosphate.

All samples reported were prepared at MSA Labs' preparation laboratory in Terrace, B.C., and assayed at MSA Labs' geochemical laboratory in Langley, B.C. The laboratory used the Lithium Borate Fusion and ICP-OES Finish method to analyse the samples. MSA Labs' quality system complies with the requirements for the international standards ISO 17025 and ISO 9001. MSA Labs is independent of the company.

Ed. Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is in charge of the exploration programs on behalf of the Company and is responsible for and approves the contents of this release. E. Kruchkowski is not independent of Dinero as he is the president of the Company.

Dinero Ventures Ltd. is a Canadian based mineral exploration company actively seeking opportunities in the resource sector. The website is under construction and will be up shortly. For investor information, please call 1-778-794-9661.

ON BEHALF OF THE BOARD OF DINERO VENTURES LTD.

"Ed Kruchkowski"

Ed Kruchkowski, President

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." "This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements."

Source: Dinero Ventures Ltd.

[LoneClone] New Age Metals to Regain Full Control of Southeastern Manitoba Lithium-Cesium-T...

LoneClone — 6/3/2026 4:01:34 PM

New Age Metals to Regain Full Control of Southeastern Manitoba Lithium-Cesium-Tantalum Portfolio

thenewswire.com

Vancouver BC – June 3, 2026 – TheNewswire - New Age Metals Inc. (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J) (“NAM” or the “Company”) announces that the Company and its wholly owned subsidiary, Lithium Canada Development Inc. (“LCD”), have simultaneously entered into a termination agreement (the “TA”) and royalty deed agreement (the “RA”), (collectively the “Agreements”) dated May 27, 2026 with Lithium Mineral Resources Pty Ltd, a wholly owned subsidiary of Mineral Resources Limited (ASX:MIN) (“MinRes”), on the Company’s Lithium and Rare Metals Project located in Manitoba, Canada (the “Tenements”).

The Project was previously subject to a farm-in and joint venture agreement (“FJVA”) between the Company, LCD and MinRes, dated August 29, 2022, as amended.

Under the terms of the FJVA:

MinRes had the right to earn an initial 51% participating interest in the tenements and associated Project assets.
To earn this initial interest, MinRes was required to complete CAD$4,000,000 in expenditures within 56 months of the effective date of the FJVA.
The initial farm-in obligation expired on May 27, 2026.
During the term of the agreement, MinRes made a significant capital investment in the Project through various exploration activities, including:

- District consolidation through staking and acquisitions;
- Geological mapping, prospecting, and systematic geochemical surveys;
- Geophysical surveys;
- Diamond drilling;
- Construction of a core storage facility;
- Assaying and laboratory analysis.

In recognition of MinRes’ significant investment and work completed on the Project, NAM has agreed to grant MinRes a 2% revenue royalty on the Project.
In turn, MinRes has agreed to pay NAM CAD$135,426, representing all outstanding invoices and financial obligations between the parties under the FJVA as of the date of the termination agreement.

Under the terms of the TA, MinRes has agreed to relinquish all of its rights and interest under the FJVA and will no longer retain any earn-in or joint venture rights in respect of the Tenements. All rights and ownership to the Tenements will revert back to NAM and it will own 100% interest in the Tenements, subject to the 2% revenue royalty to be retained by MinRes.

Under the terms of the RA, the Company will retain the right to repurchase 1.0% of the revenue royalty at any time for a period of four years from the effective date of the RA upon payment to MinRes of CAD$1,500,000.

In consideration for MinRes agreeing to relinquish its Farm-In Interests and all other rights under the FJVA, and under the terms of the RA, the Company agreed to grant MinRes a 2% revenue royalty over the Tenements pertaining to lithium, cesium and tantalum, and any ores extracted and recovered from the Tenements in which lithium, cesium or tantalum is a principal and/or payable element.

Harry Barr, CEO and Director of New Age Metals, stated “We would like to sincerely thank MinRes and their technical and financial teams for their contributions and partnership during the term of our agreement.

As New Age Metals moves forward with 100% ownership of the Manitoba Lithium and Rare Metals Project, we remain focused on advancing the many drill-ready targets identified across the Project, while continuing to develop the next generation of exploration targets through systematic fieldwork and technical review Our technical team believes the Project continues to demonstrate significant potential, particularly in light of strengthening lithium, cesium, and tantalum prices and the growing global focus on critical metal supply security. With full ownership restored, the Company will have greater flexibility to advance exploration and development activities in a manner that supports long-term shareholder value.

New Age Metals also remains committed to working collaboratively with Sagkeeng First Nation under its long-term exploration agreement as the Company advances the Project.”

The Mining Investment Event 2026

New Age Metals’ management team is currently attending THE Mining Investment Event 2026 in Québec City, where the Company is scheduled to participate in more than 20 meetings with potential investors, major and mid-tier mining companies, First Nations partners, government organizations, and other key industry stakeholders. Management looks forward to a productive conference and the opportunity to further advance discussions around the Company’s growing portfolio of precious and critical metals projects.

About NAM

New Age Metals is a junior mineral exploration and development company focused on the discovery, exploration, and development of critical green metal projects in North America. The Company has three divisions: a Platinum Group Element division, a Lithium/Rare Metals division, an Antimony-Gold Division as well as an investment in MetalQuest Mining’s (TSXV:MQM | OTC:MQMIF) high purity Lac Otelnuk Iron Project.

The PGM Division includes the 100% owned, multi-million-ounce, district-scale River Valley Project, one of North America’s largest undeveloped Platinum Group Element Projects, situated 100 km by road east of Sudbury, Ontario.

In addition to River Valley, NAM owns 100% of the Genesis PGM-Cu-Ni Project in Alaska. Most recent PGM announcements: newagemetals.com and newagemetals.com.

In addition, on January 21st 2026, the Company recently expanded its Platinum Group Metals portfolio through the acquisition of the Northern Shield PGM Project in Ontario’s Ring of Fire region, strengthening its exposure to district-scale mafic–ultramafic systems prospective for nickel, copper, and platinum group elements.

On February 26, 2026, the Company also acquired the Platreef PGM and Escape East PGM Projects, both platinum group metals–nickel–copper (PGM–Ni–Cu) exploration properties located in northwestern Ontario within and nearby the prospective Lac des Iles Igneous Complex. The Complex hosts Canada’s only primary palladium-producing operation, owned and operated by Impala Canada Ltd., a wholly owned subsidiary of Impala Platinum Holdings Limited.

New Age Metals’ Antimony–Gold Division is focused on advancing a district-scale land package in Newfoundland comprising 20,950 hectares across 11 non-contiguous properties. Six of these properties are located in the St. Alban’s area along the Swanger’s Cove and Little River mineralized trends, while the remaining five are strategically positioned along the same regional geological corridor as the past-producing Beaver Brook Antimony Mine and near New Found Gold’s Queensway South Gold Project.

The Company recently completed its Phase 2 exploration program at the St. Alban’s properties, which significantly advanced the project through the identification of high-grade, structurally controlled gold–antimony mineralization along an emerging ~16 km Au–Sb trend. Highlights from Phase 2 include grab samples returning up to 51.9% antimony and 46.2 g/t gold at the Antimony Ridge property, confirming the strength and scale of this developing mineralized system. In response to these results, NAM expanded its land position by staking an additional 40 claims (~1,000 hectares), including the Pardy Head antimony occurrence, and has received approvals for trenching in preparation for the next phase of exploration. The Company is now planning follow-up trenching and drill targeting for 2026 as it advances this highly prospective critical minerals and gold asset in Newfoundland. Most recent releases:

newagemetals.com

newagemetals.com

New Age Metals has established a growing Gold and Critical Metals Division in the Kenora Gold District of northwestern Ontario, highlighted by its 100%-owned Double R Gold Project and the Bonanza Ridge Gold and Critical Metals Project. The Bonanza Ridge Project has been significantly expanded through option agreements for the Lavender Lake and South Gibi Lake properties, adding a combined approximately 5,216 hectares, or 12,889 acres, of prospective ground located about 25 km southeast of Kenora. Together, these properties are strategically positioned along a favourable structural corridor adjacent to NAM’s flagship Bonanza Gold Property and host known gold and copper occurrences with limited modern exploration completed to date. The Company’s consolidated Kenora-area portfolio now includes the Double R Gold Project and the expanded Bonanza Ridge package, providing NAM with a meaningful land position in an emerging gold and critical metals jurisdiction with substantial opportunities for follow-up field work, structural modeling, target generation, and future drill campaigns.

The Company has established a Kenora, Ontario based field operations hub to support exploration activities across Northwestern Ontario and Eastern Manitoba. The proposed facility would provide centralized logistical, technical, and administrative support for regional exploration programs and is expected to improve field efficiency and coordination.

The Company’s Lithium Division is one of the largest mineral claim holders in the Winnipeg River Pegmatite Field, where the Company is exploring hard rock lithium and various rare metals such as tantalum, rubidium, and cesium.

In April 2024, a $1.5M NSERC Alliance grant was awarded to a collaboration led by the University of Manitoba (Drs. Fayek and Camacho), with academic partners from Lakehead University (Dr. Hollings) and industry partners including New Age Metals and Grid Metals. This research is focused on advancing Canada’s critical metals sector, with New Age Metals’ portion targeting its Bird River lithium properties. The 2025 work included core sampling and field visits. The project will likely extend beyond the original 3-year term, due to its delayed start. The parties involved in this grant plan to meet over the next 60 days and will announce our plans for 2026 and beyond.

The Company has optioned its road-accessible Genesis PGM-Cu-Ni Project in Alaska subject to a 3% Net Smelter Return (NSR) Royalty.

On August 6, 2025, New Age Metals announced an additional investment in a 4th critical metal. NAM currently owns approximately 14.39% of MetalQuest Mining (TSXV:MQM), which has ownership of the development stage Lac Otelnuk Iron Project, located in the Labrador Trough, Quebec.

MetalQuest Mining inc. is developing one of North America’s largest iron projects, where approximately $120 million has been spent on the project. For more information, please visit MetalQuestMining.com . High-purity iron became a critical metal Federally in Canada and in the Provinces of Quebec and Newfoundland and Labrador in 2024. In the summer of 2025, MQM contracted AtkinsRealis, an international engineering company, to complete a GAP Analysis on the Lac Otelnuk Project and its 2015 Feasibility Study.

MetalQuest Mining Inc. (“MQM”) has expanded its presence in the Ontario Ring of Fire through the acquisition of both the ROF-1 Project and the recently announced Fishhook Polymetallic Project. The Fishhook Project further strengthens MetalQuest’s regional footprint, targeting polymetallic mineralization prospective for base and critical metals.

Management is currently aggressively seeking new mineral acquisition opportunities on an international scale. Our philosophy is to be a project generator with the objective of optioning our projects with major and junior mining companies through to production.

Investors are invited to visit the New Age Metals website at www.newagemetals.com where they can review the company and its corporate activities. Any questions or comments can be directed to info@newagemetals.com or Harry Barr at Hbarr@newagemetals.com or Farid Mammadov at faridm@newagemetals.com or call 613 659 2773.

Opt-in List

If you have not done so already, we encourage you to sign up on our website ( www.newagemetals.com) to receive our updated news.

On behalf of the Board of Directors

Harry G. Barr

Chairman and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

[LoneClone] North Atlantic Titanium Advances Sampling and Drill Planning at Everett Titaniu...

LoneClone — 6/3/2026 4:00:07 PM

North Atlantic Titanium Advances Sampling and Drill Planning at Everett Titanium Project, Quebec

Highlights:

Integrated surface assay, metallurgical sampling and first modern definition drilling program designed to support data validation and planning for an initial Mineral Resource Estimate under National Instrument 43-101.
In the first phase of diamond drilling, the Company has surveyed drill trail access and 8 drill sites across the northern 600 m of the Everett oxide body's strike length, representing 25% of the total surface exposure of the oxide body.
The Company’s Everett titanium-vanadium-phosphate project in Québec is being advanced as a potential North American source of titanium-bearing mineral feedstock, with additional potential value streams associated with vanadium and apatite-hosted phosphate.

thenewswire.com

Vancouver, British Columbia – TheNewswire - June 3, 2026 – North Atlantic Titanium Corp. (CSE: NATO) (OTCPK: NATQ.F) (FSE: Y33) (“North Atlantic Titanium,” or the “Company”) is pleased to announce that it is advancing final planning for an integrated surface sampling and definition drilling program at its Everett titanium project (“Everett”), located near Havre-Saint-Pierre, Québec.

The planned program is designed to move Everett from historical exploration, recent mineralogical characterization and surface exposure sampling toward a modern, spatially controlled geological, geochemical and geometallurgical dataset. The work is expected to support future drill targeting, validation of historical drilling and planning for an initial Mineral Resource Estimate under National Instrument 43-101.

Program Objectives:

Systematic surface sampling planned across priority oxide exposures at Everett, with initial work focused on the northern portion of the exposed oxide body, where access and historical datasets provide a strong foundation for modern verification.
Tight-grid assay and representative metallurgical sampling are planned to assess titanium, vanadium, iron and phosphate distribution, as well as geological and mineralogical variability across the hemo-ilmenite and apatite-bearing mineralized system.
First modern definition diamond drill program under planning, designed to validate historical drilling, confirm geometry and continuity of the mineralized body, collect modern assay and density data, and provide fresh core for mineralogical and metallurgical test work.
Drilling objectives include validation and resource-readiness, including surveyed collars, modern logging, systematic sampling, chain-of-custody procedures, QA/QC protocols and collection of representative material for density and metallurgical variability testing.
Program follows recent Corem and Elements08 work, which supports a geometallurgical approach focused on titanium-vanadium-bearing hemo-ilmenite and apatite-hosted phosphorus.
Technical report and drill planning advancing in parallel, with final drill collar locations, azimuths, dips, planned depths, contractor selection and commencement timing to be disclosed once finalized.

Planned Everett Field Program

The upcoming Everett field program is intended to establish the modern surface-control dataset required to support definition drilling. Work is expected to include geological mapping, structural observations, representative bedrock sampling, assay sampling, density sampling and metallurgical sample collection across priority exposures of the Everett oxide body.

The Company expects to prioritize spatially controlled sampling that can be directly integrated with historical maps, historical drill data, recent mineralogical work and planned drill collar positioning. The program will also collect material for ongoing metallurgical evaluation, including variability work intended to assess concentrate quality, liberation characteristics, impurity deportment and the potential recovery of titanium, vanadium, iron and phosphate value streams.

Samples will be collected under the supervision of the Company’s technical team and submitted to accredited laboratories in accordance with documented chain-of-custody procedures. The Company expects to release assay and metallurgical results as they are received, validated and interpreted.

Planned Validation Diamond Drilling

Following completion of surface sampling, access confirmation, and final technical review, North Atlantic Titanium plans to advance a first modern-definition diamond drill program at Everett.

In the first phase of diamond drilling, the Company has surveyed drill trail access and 8 drill sites across the northern 600 m of the Everett oxide body's strike length.

The program is expected to test the principal hemo-ilmenite-bearing noritic gabbro body and selected priority areas identified through the integrated surface program. Initial drilling is expected to focus on confirming the mineralized geometry, validating historical drill results, assessing grade continuity, and collecting core for modern assay, density, mineralogical, and metallurgical purposes.

Management Commentary

“Everett benefits from substantial historical work, recent mineralogical analysis and excellent regional infrastructure,” said Dwayne Yaretz, CEO and Director of North Atlantic Titanium. “Our next step is to convert that foundation into a modern, decision-ready technical dataset. The planned surface sampling and definition drilling are designed to validate historical work, confirm continuity and collect the assay, density, QA/QC and metallurgical data needed to advance Everett toward an initial mineral resource framework.”

Mr. Yaretz continued: “This is a disciplined, staged program. Surface work will sharpen drill targeting and provide representative material for metallurgical testing. At the same time, drilling will deliver the modern core data needed to assess grade, thickness, geometry and processing variability across the system.”

Technical Rationale

The planned Everett program is being designed as a geometallurgical advancement program rather than a conventional grade-only exploration program. The Company expects to integrate surface assay data, bedrock geology, mineral assemblage, density data, historical drill information and metallurgical variability information into a single technical model.

This approach is intended to support the Company’s evaluation of Everett as a potential integrated titanium-vanadium-phosphate project, while also addressing the requirements for modern data verification and future NI 43-101 resource work.

About the Everett Titanium Project

Everett is located near Havre-Saint-Pierre in Québec’s Côte-Nord region, within the broader Grenville Province anorthosite terrain known for large iron-titanium oxide systems. The project is accessible by road and is located within a region with established industrial, port and hydroelectric infrastructure.

Everett is interpreted as an anorthosite-associated, hemo-ilmenite-bearing Fe-Ti oxide system with associated potential for vanadium and phosphate. Historical exploration included drilling, geological work and metallurgical studies; however, the Company cautions that historical drilling and any historical estimates are not current mineral resources and require modern confirmation through drilling, sampling, density determination, QA/QC and resource estimation under current standards.

Qualified Person

Julien Davy, P.Geo., M.Sc., MBA, independent consultant and a Qualified Person as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the technical information contained in this news release.

About North Atlantic Titanium Corp.

North Atlantic Titanium Corp. is a Canadian publicly traded exploration company focused on advancing the Everett titanium-vanadium project in Québec, targeting the production of high-quality titanium feedstocks with potential value-added vanadium and phosphate coproducts. The Company also holds a 100-per-cent interest in the Sleeping Giant South project, located in the Abitibi greenstone belt, approximately 75 kilometres south of Matagami, Québec.

For more information, please visit www.natitanium.com.

ON BEHALF OF THE BOARD OF DIRECTORS

For more information, please visit our website at www.natitanium.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Dwayne Yaretz, CEO
North Atlantic Titanium Corp.
Phone: 778-709-3398
Email: info@natitanium.com
Website: www.natitanium.com

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements regarding: the Company’s planned surface sampling, assay sampling, metallurgical sampling and definition drilling program at the Everett Titanium Project; the expected scope, timing, objectives and results of such work; the potential for the program to support validation of historical drilling, modern geological modelling and planning for an initial Mineral Resource Estimate; the expected collection of assay, density, mineralogical, metallurgical and QA/QC data; the interpretation that Everett may represent an integrated titanium-vanadium-phosphate opportunity; the potential recovery or value of titanium, vanadium, iron and phosphate streams; the timing of disclosure of drill locations, planned depths and contractor selection; and the Company’s broader plans for exploration, metallurgical testing and technical reporting.

Forward-looking information is based on the current expectations, estimates, forecasts, beliefs and assumptions of the Company’s management. Such information is subject to known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information. These risks include, but are not limited to: sampling and drilling may not confirm historical interpretations; historical drilling and historical estimates may not be validated by modern work; geological, geochemical, density, mineralogical or metallurgical interpretations may prove incorrect; the Company may not obtain required permits, access, contractors, financing or equipment on acceptable terms or within expected timelines; assay and metallurgical results may be delayed or may not support future resource estimation or economic evaluation; no current mineral resource has been established at Everett; future metallurgical work may not demonstrate recoverable or saleable products; weather, seasonal access, environmental, community, regulatory or logistical conditions may delay or prevent planned work; commodity prices and capital markets may change adversely; and general economic, business and market conditions may deteriorate.

There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated. Readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information except as required by applicable securities laws.

[LoneClone] Germanium Mining Strategically Expands its 100% Owned Lac du Km 35 Germanium Pr...

LoneClone — 6/3/2026 3:55:28 PM

Germanium Mining Strategically Expands its 100% Owned Lac du Km 35 Germanium Property in Quebec

thenewswire.com

VANCOUVER, BRITISH COLUMBIA – TheNewswire - JUNE 2, 2026 – GERMANIUM MINING CORP. (“GERMANIUM MINING”, “GMC” OR THE “COMPANY”) (CSE: GMC; OTCQB: EMSKF; FSE: YW0) is pleased to announce that the 100% owned Lac du Km 35 Germanium Property was strategically expanded by staking 18 mineral claims, representing an additional 995 hectares (9.95 km2). The expanded Property now consists of 99 contiguous mineral claims covering an area of 54.8 km2, encompassing the most promising areas for Germanium exploration. These newly acquired claims are immediately north of the Laganière Germanium showing area, thus providing an important and strategic expansion zone should a discovery be made throughout the upcoming 2026 exploration season.

Mario Pezzente, Chief Executive Officer, commented: “We have strategically expanded our 100% owned Lac du Km 35 Germanium property ahead of the active 2026 exploration season to allow for potential additional discoveries contiguous to the north of the Laganière showing that hosts the highest-grade Germanium sample in the Province of Quebec at 186 ppm. We are excited to commence this multi-stage exploration program with a goal of making new Germanium discoveries on this highly prospective critical metral project. Germanium Mining Corp. is focused on unlocking strategic resources in stable jurisdictions, to potentially contribute to a more secure and resilient North American supply chain.”

Exploration Program

Upcoming 2026 exploration will include a highly sensitive magnetic airborne survey as well as a ground electromagnetic survey to potentially identify Germanium that could be associated with lower conductivity silver-zinc mineralization.

These surveys will aim to identify possible additional shear zones and electromagnetic anomalies for the upcoming sampling and assaying program. Most, if not all features of interest such as shear zones, magnetic and electromagnetic anomalies, will be verified on the field, early in the planned 2026 exploration program. The immediate area of the Laganière showing will be further explored and sampled and assayed allowing GMC to deliver diamond drill targets that could be tested in the Fall of 2026.

The first phase of diamond drilling will be directed to reach the “discovery hole” stage. The campaign is planned to consist of 6 to 10 holes for a total of approximately 2,500 metres that is planned to be drilled early in Winter 2026.

The exact drilling length will be dictated by the depth of the electromagnetic anomalies that will be accurately outlined by the new survey and backed up by outcrop mapping and sampling. The outcrop mapping will provide valuable insights into what direction and dip that germanium mineralization may extend.

Current sample results returned approximately 0.02% (186 ppm) Germanium at the Laganière showing, currently the highest-grade Germanium sample in the Province of Quebec to date. The Company aims to increase Germanium grades at least to 0.04% (350 – 400 ppm) with an average intersection at least 10 metres wide.

Anticipated 2026-2027 Exploration Timetable

June 2026 - Airborne Survey Results, including interpretation

June/July 2026 - Outcrop mapping and sampling Program

September 2026 – Outcrop Sampling Assay Results

Oct/Dec 2026 - Drill Permitting

January 2027 - Diamond Drilling Program

Diamond Drilling Assay Results Anticipated

Click Image To View Full Size

Figure 1. Lac du Km 35 Germanium Project located in the Chibougamau region of Quebec, Canada

Lac du Km 35 Property

The 100% owned Lac du Km 35 Germanium Property is approximately 40 km east of the mining town of Chibougamau in the Nord-du-Québec region of Québec and offers excellent access via Highway 167 and a main logging road that intersects the Property.

The Property comprises the prominent Faribault Shear Zone (“FSZ”), oriented east-southeast, and located towards the eastern part of the Property. The FSZ dips to the south-southwest and ends to the Grenville Front which extends southwest-northeast for several hundreds of kilometres. The FSZ is a key structural feature that may connect with other permeable zones at depth, acting as a preferential conduit for hydrothermal fluids.

Discovered by government geologists in 1998 and never followed up, the Laganière Germanium showing consists of a peridotite outcrop within the Laganière gneissic Complex that comprises amphibolites and hornblende and biotite gneisses. The Laganière showing returned a value of 0.02% (186 ppm) germanium and is currently the highest germanium value ever reported from an outcrop in the province of Québec.

The Laganière germanium showing lies beside the main lumber road and immediately adjacent to the south to a cluster of electromagnetic anomalies of roughly 400 m x 400 m in size that were never tested. The Laganière germanium showing is also 450 m northeast of the FSZ, 800 m from the southern margin of the Duberger felsic pluton and approximately 2 km to the west of the Grenville Front. The area between the FSZ and the Laganière Germanium showing, including the never tested cluster of electromagnetic anomalies, will be the main focus of GMC.

About Germanium

Germanium is a hard, greyish and brittle metalloid. Germanium has many growing applications in electronics and solar, in fiber optics, and Infrared optics for civil and military uses. Germanium is in the list of critical metals in Canada, the United States and the European Union.

Since December 3, 2024, China, the largest producer of refined germanium, has banned germanium exports to the United States. Germanium is not an openly traded commodity and recent spot prices have germanium over US$5,000 per kilogram.

The Company cautions that the geological information provided in this news release is of historical nature and mineralization may not be representative of mineralization on the Lac du Km 35 Property.

Qualified Person

Benoit Moreau, P.Eng., a qualified person as defined by National Instrument 43-101, and vice-president of exploration for Germanium Mining Corp., has prepared and is responsible for the technical information contained in this news release.

About Germanium Mining Corp.

Germanium Mining is a publicly traded exploration company focused on the development of highly prospective, discovery-stage mineral properties located in some of Canada's top mining jurisdictions. The Company’s properties are in the “Allison Lake Batholith” of Northwestern Ontario, and the “Chapais-Chibougamau”, “Abitibi” and “Upper Laurentides” regions of Quebec.

Make sure to follow the Company on Twitter, Instagram and Facebook as well as subscribe for Company updates at muskmetals.ca

ON BEHALF OF THE BOARD

Mario Pezzente

_________________________
CEO & Director

For more information on Germanium Mining Corp. please contact:

Phone: 604-717-6605
Corporate e-mail: info@germaniummining.com
Website: www.germaniummining.com
Corporate Address: 2905 – 700 West Georgia Street, Vancouver, BC, V7Y 1C6

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements. All statements, other than statements of historical fact that address activities, events, or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the intended use of proceeds of the Offering and other matters regarding the business plans of the Company. The forward-looking statements reflect management’s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking statements including that the Company may use the proceeds of the Offering for purposes other than those disclosed in this news release; adverse market conditions; and other factors beyond the control of the Company. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Factors that could cause actual results or events to differ materially from current expectations include general market conditions and other factors beyond the control of the Company. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents or accuracy of this press release.

[LoneClone] [tungsten] Western Star Resources Engages KC Harvey Environmental and Initiate...

LoneClone — 6/3/2026 3:54:10 PM

[tungsten]
Western Star Resources Engages KC Harvey Environmental and Initiates Drill-Permitting Process for the Rowland Tungsten Property

thenewswire.com

Vancouver, British Columbia – TheNewswire - 3rd June, 2026 - Western Star Resources Inc. (CSE: WSR) (OTC: WSRIF) (FRA: 4K2) (the “Company” or “Western Star”) is pleased to announce that it has engaged KC Harvey Environmental, LLC (“KC Harvey”) to lead drill-permitting at the Company’s 100% owned, past-producing Rowland Tungsten Property in Elko County, Nevada, USA, and has commenced initial engagement with the Mountain City–Ruby Mountains–Jarbidge Ranger District of the Humboldt-Toiyabe National Forest in support of a Plan of Operations submission.

KC Harvey is a Bozeman, Montana-based environmental consultancy specializing in mining permitting, reclamation, and NEPA support across the western United States. The firm’s mining services are led by founder Kevin Harvey, M.Sc., a board-certified professional soil scientist and the current President of the American Society of Mining and Reclamation. KC Harvey has been engaged to prepare and submit a Plan of Operations (USDA Forest Service form FS-2800-5, under 36 CFR 228A) covering the Company’s proposed Phase 2 drilling program at Rowland, and to support the associated National Environmental Policy Act (NEPA) review process.

Key Highlights:

Western Star has engaged KC Harvey Environmental as the Company’s permitting consultant for the Rowland Tungsten Property.
KC Harvey has commenced preparation of a Plan of Operations (FS-2800-5) for submission to the U.S. Forest Service in support of drill testing at Rowland.
The Company has initiated engagement with the Jarbidge District Ranger of the Mountain City–Ruby Mountains–Jarbidge Ranger District of the Humboldt-Toiyabe National Forest, the relevant USFS authority for the Rowland Property.
Permitting work is being advanced in parallel with the Company’s ongoing Phase 1 exploration program at Rowland, with the objective of positioning the project for drill testing of the three confirmed zones of historical tungsten workings.
The extensive historical workings already documented at Rowland are expected to support the Company’s case that the project area is previously disturbed, which is anticipated to streamline the NEPA pathway.

Blake Morgan, the CEO and President of Western Star, stated “Engaging KC Harvey and opening dialogue with the Jarbidge District Ranger is the logical next step for Rowland. With Phase 1 field work confirming a materially larger exploration opportunity than the historical record suggested, our priority is to advance permitting in parallel with exploration so we are positioned to drill test the Rowland targets without delay.”

The Plan of Operations is the principal authorization required from the U.S. Forest Service to conduct drilling on National Forest System lands. KC Harvey’s scope of work includes preparation of the Plan of Operations, supporting environmental baseline and reclamation planning, and coordination of the NEPA review process with USFS. The Company intends to advance the application in parallel with state-level reclamation permitting and the ongoing Phase 1 and Phase 2 exploration programs at Rowland, and will provide further updates upon submission of the Plan of Operations and as the permitting review progresses.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Jasper Mowatt, MIMMM (Membership No. 0486653) and MAusIMM (Membership No. 3178851), a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Western Star Resources

Western Star Resources is a mineral exploration and development company. The Company’s objective is to increase shareholder value through the development of exploration properties using cost-effective exploration practices, acquiring further exploration properties and seeking partnerships by either joint venture or sale with industry leaders. The Company currently owns nine non-surveyed contiguous mineral claims totaling 4,740 hectares, which are located within the Revelstoke mining division of British Columbia. The Western Star property group is located approximately 50 kilometers southeast of Revelstoke, B.C., and roughly 10 kilometers north of the abandoned community of Camborne.

Contact Information:

Blake Morgan,
CEO and Director

blake@acvc.vc
www.westernstarresources.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Certain of the statements made and information contained herein may constitute “forward-looking information”. In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

[LoneClone] [REE] Greenland Mines Appoints WSP Denmark to Continue Environmental Baseline ...

LoneClone — 6/3/2026 3:31:23 PM

[REE] Greenland Mines Appoints WSP Denmark to Continue Environmental Baseline Work at the Sarfartoq Rare Earth Project

prnewswire.com

News provided by Greenland Mines Ltd Jun 02, 2026, 08:30 ET

CHARLOTTE, N.C., June 2, 2026 /PRNewswire/ -- Greenland Mines Ltd ("Greenland Mines" or the "Company") (Nasdaq: GRML) today announced that it has engaged WSP Denmark to continue environmental work at the Sarfartoq rare earth project (the "Project") in southwest Greenland as the Project moves into its next phase of environmental baseline studies.

The program is expected to include the second year of environmental baseline studies for Sarfartoq as the Company advances the Project and continues preparatory work ahead of a future Environmental Impact Assessment ("EIA").

WSP Denmark previously completed the first year of updated environmental baseline work at Sarfartoq in 2023 for Neo North Star Resources, Inc., including terrestrial, freshwater, marine and fisheries sampling, water-flow monitoring and general ecological surveys conducted under Greenland's mineral-sector EIA guidelines. Continuing that work in 2026 is intended to build a more complete multi-year dataset on existing environmental conditions in and around the Project area.

Bo Møller Stensgaard, President of Greenland Mines, commented:

"We are very pleased to continue working with WSP Denmark at Sarfartoq. The same experienced team that is currently supporting environmental work at Skaergaard in East Greenland also carried out the first year of environmental baseline studies at Sarfartoq in 2023, so there is strong project familiarity and continuity. In our view, commencing the second year of baseline studies is an important milestone for Sarfartoq and will form a key part of the environmental foundation for the Project as it advances."

The 2026 environmental field program at Sarfartoq is expected to focus on follow-up baseline work and monitoring activities that build directly on the 2023 campaign, including additional sampling and data collection across key environmental receptors.

Multi-year baseline investigations are commonly required in Greenland to capture natural variability prior to any potential development, and Greenland Mines believes that completion of a second year of baseline field studies will provide important support for future environmental assessment, permitting and project-planning activities at Sarfartoq.

WSP Denmark is also currently engaged by Greenland Mines on environmental work related to the Company's Skaergaard Project in southeast Greenland. Greenland Mines believes that using the same environmental consulting group across both Greenland projects supports consistency in execution, field protocols and knowledge transfer as the Company advances its broader critical minerals portfolio.

Further updates on Sarfartoq field activities and related technical work are expected to follow in due course.

About the Sarfartoq Rare Earth Project

Sarfartoq is an advanced carbonatite-hosted rare earth project in southwest Greenland focused on neodymium and praseodymium ("Nd-Pr"), the key rare earth elements used in high-performance permanent magnets for electric vehicles, wind turbines, defense systems and other high-efficiency motors and generators. Historic work at Sarfartoq includes a mineral resource estimate at the ST1 zone, a Preliminary Economic Assessment completed in 2011, extensive drilling, metallurgical test work and environmental baseline studies.

About Greenland Mines Ltd

Greenland Mines Ltd. is a Nasdaq-listed company with two operating divisions: (1) Mining, focused on the exploration and development of the Skaergaard Project in southeast Greenland and, subject to closing of the previously announced transaction, the Sarfartoq rare earth project in southwest Greenland; and (2) Biotech, including Klotho's KLTO-202 primary indication for ALS. Through its recent acquisition of Greenland Mines Corp., the Company holds the Skaergaard Project, which hosts an NI 43-101 (November 2022) Mineral Resource of 11.4 Moz PdEq Indicated and 14.1 Moz PdEq Inferred. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. No preliminary economic assessment, pre-feasibility study or feasibility study has been completed on the Skaergaard Project, and there is no certainty that the Mineral Resources disclosed will be converted to Mineral Reserves or that an economically viable mining operation can be established. The Company is led by an experienced team of mining, geological, biotech and capital markets professionals.

Forward-Looking Statements

This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified by words such as "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result" and similar expressions. Without limiting the generality of the foregoing, the forward-looking statements in this press release include statements regarding (i) the scope, timing and objectives of environmental work at the Sarfartoq Project, including the anticipated second year of environmental baseline studies; (ii) the potential role of such baseline work in supporting any future environmental assessment, permitting and project-planning activities; (iii) the Company's expectations and plans with respect to the advancement of the Sarfartoq Project; and (iv) the Company's broader strategy and activities in Greenland.

Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including, but not limited to, risks and uncertainties related to: the Company's ability to successfully plan and execute environmental baseline work at Sarfartoq as currently envisioned; weather, logistical, operational or other constraints affecting field programs; changes in applicable laws, regulations or guidelines in Greenland or elsewhere; the timing, outcome and requirements of governmental and regulatory processes, including any future EIA and permitting processes; the Company's ability to obtain necessary approvals and third-party consents; the Company's ability to successfully complete the previously announced acquisition of Sarfartoq; the Company's ability to implement its broader business plans, identify and realize additional opportunities, and meet or exceed its financial or operational projections; and other risks and uncertainties described in the documents filed or to be filed by the Company with the U.S. Securities and Exchange Commission (the "SEC") from time to time.

Readers should carefully consider the foregoing factors and the other risks and uncertainties described in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

Investor Contact and Corporate Communications:

ir@greenlandmines.com

Website:

www.greenlandmines.com

SOURCE Greenland Mines Ltd

[LoneClone] [Lithium] Q2 Metals Reports Multiple Wide Intercepts, Including 264.6 Metres...

LoneClone — 6/3/2026 3:28:53 PM

[Lithium]
Q2 Metals Reports Multiple Wide Intercepts, Including 264.6 Metres at 1.84% Li2O and 152.9 Metres at 1.59% Li2O in Drill Hole 71 at the Cisco Lithium Project in Quebec, Canada

globenewswire.com

June 02, 2026 05:30 ET | Source: Q2 Metals Corp

Highlights:

CS25-071: Six (6) separate intervals, including:
- 264.6 m at 1.84% Li2O; and
- 152.9 m at 1.59% Li2O
CS25-074: Three (3) separate intervals, including:
- 202.7 m at 1.58% Li2O; and
- 96.8 m at 1.64% Li2O
CS26-077: Four (4) separate intervals, including:
- 78.7 m at 1.25% Li2O; and
- 107.8 m at 1.74% Li2O
CS26-078: 13 separate intervals, including:
- 240.4 m at 1.60% Li2O
CS26-079: 13 separate intervals, including:
- 126.7 m at 1.70% Li2O
CS26-084: Six (6) separate intervals, including:
- 182.5 m at 1.46% Li2O
Assays are pending on nine (9) remaining holes drilled during the 2026 Winter Drill Program.
The planned 2026 Summer Drill Program will commence mid-June, 2026.

VANCOUVER, British Columbia, June 02, 2026 (GLOBE NEWSWIRE) -- Q2 Metals Corp. (TSX.V: QTWO | OTCQB: QUEXF | FSE: 458) (“Q2” or the “Company”) is pleased to report analytical results from the winter portion of the 2026 drill program (the “2026 Winter Drill Program”) at the Company’s Cisco Lithium Project (the “Project” or the “Cisco Project”), located within the greater Nemaska traditional territory of the Eeyou Istchee in the southernmost part James Bay, Quebec, Canada. The Cisco Project is strategically located just 6.5 kilometres (“km”) from the paved, all-season Billy Diamond Highway, which provides access to rail infrastructure in the town of Matagami, Quebec, approximately 150 km to the south, with connections to deep sea ports beyond.

On April 20, 2026, the Company announced an Inferred Mineral Resource Estimate on the Cisco Project (the “MRE”) which outlined a pit-constrained resource of 270 million tonnes (“Mt”) grading 1.36% Li2O at a 0.4% Li2O cut-off grade and an additional underground-constrained resource of 24 Mt grading 1.34% Li2O Inferred at a 0.7% Li2O cut-off grade. Together, these support a combined inferred mineral resource of 295 Mt grading 1.36% Li2O (the “Cisco Deposit”), making the Cisco Deposit the largest hard rock lithium deposit in the western hemisphere and currently fourth largest, globally. The MRE is effective April 20, 2026, and was prepared in accordance with NI 43-101 standards*. Inferred Mineral Resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that Mineral Resources will be converted into Mineral Reserves.

The Cisco Deposit remains open along strike, with several additional high-priority targets in the immediate area, and high exploration potential across the broader 41,253 hectare (“ha”) project area.

“The results of this first set of drill results for the 2026 Winter Drill Program continues to showcase and highlight the robust mineralization of the Cisco Deposit,” said Neil McCallum, Q2 Metals Vice President of Exploration. “The goal of 2026 Winter Drill Program was infill drilling and we had a few surprises of unexpected mineralization as we attempted to define the boundaries. The results from our ongoing drill programs continue to enhance our understanding of the Cisco Deposit and support the advancement of the April 20, 2026, Inferred Mineral Resource Estimate. A key focus of our 2026 Summer Drill Program is the conversion of Inferred resources to the Indicated category, while also pursuing opportunities to expand the resource base and unlock additional value across the project.”

Drill Results Discussion

A total of approximately 10,515 metres (“m”) across 19 drill holes was completed during the 2026 Winter Drill Program, with the results reported herein representing 5,909 m of drilling over 10 drill holes. Analytical results on the remaining nine (9) holes will be released once received.

Figure 1. Updated Map of Recent Drill Holes at Cisco Project

Noteworthy analytical results reported herein are as follows:

Drill hole-77, as shown above in Figure 1, is located in the northwestern corner of the Cisco Deposit and defined 78.7 m at 1.25% Li2O; and 107.8 m at 1.74% Li2O and is a roughly 100 m westward continuation of previously announced drill hole-65 that had a 179.2 m interval of continuous mineralization that averaged 1.24 Li2O. Mineralization near the end of the hole was not expected to this extent and provides a new area for extensional follow-up drilling.

Figure 2. Cross-Section C

Drill hole-71 successfully confirmed the main, wide mineralized zone with two main intervals of 264.6 m at 1.84% Li2O; and 152.9 m at 1.59% Li2O (Figure 2). The wider of the two was notably higher grade compared to the deposit average. The results of this hole were used in the recent MRE, where analytical results were available.
Drill hole-74, located 125 metres away from hole-71, also successfully confirmed with main, wide mineralized zone with two main intervals of 202.7 m at 1.58% Li2O; and 96.8 m at 1.64% Li2O (Figure 2). The results of this hole were used in the recent MRE, where analytical results were available.
Drill hole-78, located 120 metres away from hole-74, also successfully confirmed with main, wide mineralized zone with one main interval of 240.4 m at 1.60% Li2O (Figure 2). The results of this hole were not used in the recent MRE.

Summary of Analytical Data

Table 1. Summary of Analytical Results of Drill Holes at Cisco Project

All intervals of greater than 5 m of core-length and greater than 0.30% Li2O are included in Table 1. Internal dilution of non-pegmatite material was limited to intervals of less than 5 m. No specific grade cap or lower cut-offs were used during grade and width calculations. All intervals are reported as core widths and mineralized intervals in all the holes drilled thus far are not representative of the true width as the modelled pegmatite zones are being refined with every additional hole.

Drill Hole Collar Information

The summary of drill holes including basic location and dip/azimuth is detailed below (Table 2).

Table 2. Summary of Drill Hole Collar Information, Cisco Project

2026 Drill Program

The 2026 Summer Drill Program is scheduled to commence in mid-June with the four diamond core drill rigs that are currently at site. Two additional rigs will be mobilized mid-summer to enhance and accelerate the work program. The drilling is primarily intended to inform an update to the MRE as the Company advances the Inferred resource toward an Indicated classification.

A program of approximately 20,000 m of infill and exploratory drilling is planned for the summer months, with priority targets of potential zones of high-grade and/or near surface mineralization within the Cisco Deposit. Prospective targets around the CO2 outcrop as well as the southern portion of the Cisco Deposit area are also planned.

Preliminary Economic Assessment

BBA has been engaged as lead consultant for the Preliminary Economic Assessment (“PEA”) on the Cisco Project. The PEA will establish the first economic benchmark for the Cisco Project by evaluating the existing MRE within a preliminary mine plan and processing flowsheet while also incorporating metallurgy test work and infrastructure studies that have been undertaken to date. The PEA will provide an initial set of project metrics, including capital intensity, operating cost, mine life, economic sensitivities and optimization opportunities. It is expected that the PEA will be published in the Fall, 2026.

Upcoming Events

The Company will also be attending the following events:

THE Mining Conference of the North, Association minière du Quebec & International Mining Week	Quebec City, Quebec	June 1- June 4, 2026
121 Mining Investment	New York, New York	June 15 – June 16, 2026
Secretariat to the Cree Nation Abitibi-Témiscamingue Economic Alliance 2026 Annual Conference	Val D’Or, Quebec	June 16 – June 17, 2026
Fastmarkets Global Lithium, Battery and Critical Materials 2026	Las Vegas, Nevada	June 22 – June 25, 2026

Sampling, Analytical Methods and QA/QC Protocols

All drilling was conducted using diamond drill rig with NQ sized core and all drill core samples are shipped to SGS Canada’s preparation facility in Val D’Or, Quebec, for standard sample preparation (code PRP92) which includes drying at 105°C, crushing to 90% passing 2 mm, riffle split 500 g, and pulverize 85% passing 75 microns. The pulps are then shipped by air to SGS Canada’s laboratory in Burnaby, BC, where the samples are homogenized and subsequently analyzed for multi-element (including Li and Ta) using sodium peroxide fusion with ICP-AES/MS finish (code GE_ICM91A50). The reported Li grade will be multiplied by the standard conversion factor of 2.153 which results in an equivalent Li2O grade. Drill core was saw-cut with half-core sent for geochemical analysis and half-core remaining in the box for reference. The same side of the core was sampled to maintain representativeness.

A Quality Assurance / Quality Control (QA/QC) protocol following industry best practices was incorporated into the sampling program. Measures include the systematic insertion of quartz blanks and certified reference materials (CRMs) into sample batches at a rate of approximately 5% each. Additionally, analysis of pulp-split and reject-split duplicates was completed to assess analytical precision. The QP has verified the QA/QC results of the analytical work.

Qualified Person

Neil McCallum, B.Sc., P.Geol, is a Qualified Person as defined by NI 43-101, and a registered permit holder with the Ordre des Géologues du Québec and member in good standing with the Professional Geoscientists of Ontario. Mr. McCallum, a director and Vice President Exploration for Q2 Metals, has reviewed and approved the technical information in this news release.

* For additional details regarding key assumptions, parameters, and methods used to estimate the Mineral Resources, please refer to the technical report which will be available under the Company’s profile on SEDAR+ within 45 days of the effective date of the MRE.

ABOUT Q2 METALS CORP.

Q2 Metals is a Canadian mineral exploration company focused on advancing the Cisco Lithium Project which is located within the greater Nemaska traditional territory of the Eeyou Istchee, James Bay region of Quebec, Canada. The Cisco Deposit is strategically situated just 6.5 km from the Billy Diamond Highway, providing access to rail infrastructure in the Town of Matagami, ~150 km to the south, with connections to deep seaports beyond.

The current Inferred Mineral Resource Estimate on the Cisco Deposit outlines a pit-constrained resource of 270 Mt grading 1.36% Li2O at a 0.4% Li2O cut-off grade and an additional underground-constrained resource of 24 Mt grading 1.34% Li2O Inferred at a 0.7% Li2O cut-off grade. Together, these support a combined inferred mineral resource of 295 Mt grading 1.36% Li2O. The Cisco Deposit remains open along strike, with several additional high-priority targets identified across the broader 41,253 ha project area.

The 2026 exploration program is ongoing, with a primary focus on infill drilling aimed at advancing the resource toward an indicated classification. The program also includes targeted expansion drilling and regional exploration designed to evaluate high priority targets surrounding the Cisco Deposit and across the broader project area.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Alicia Milne
President & CEO
Alicia@Q2metals.com

Jason McBride
Investor Relations Manager
Jason@Q2metals.com

Chris Ackerman
Corporate Development
Chris@Q2metals.com

Telephone: 1 (800) 482-7560

E-mail: info@Q2metals.com
www.Q2Metals.com

Social Media:
Follow the Company: Twitter, LinkedIn, Facebook, and Instagram

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, any statements or plans regard the geological prospects of the Company’s properties and the future exploration endeavors of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date specified in such statement. Forward looking statements in this news release include, but are not limited to, drilling results on the Cisco Project and inferences made therefrom, the conceptual nature of an exploration target on the Cisco Project, the potential scale of the Cisco Project, the focus of the Company’s current and future exploration and drill programs, the scale, scope and location of future exploration and drilling activities, the Company's expectations in connection with the projects and exploration programs being met, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, variations in ore grade or recovery rates, changes in project parameters as plans continue to be refined, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, reallocation of proposed use of funds, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section entitled “Risk Factors” in the Company’s Management Discussion and Analysis for its recently completed fiscal period, which is available under Company’s SEDAR profile at www.sedarplus.com .

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Photos accompanying this announcement are available at:

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[LoneClone] [REE] Critical Metals Provides Project Update on Acceleration Plan and Tanbree...

LoneClone — 6/3/2026 3:25:07 PM

[REE]
Critical Metals Provides Project Update on Acceleration Plan and Tanbreez Development Progress

globenewswire.com

June 02, 2026 09:54 ET | Source: Critical Metals Corp

NEW YORK, June 02, 2026 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp” or the “Company”), a leading critical minerals mining company, is pleased to provide shareholders and stakeholders with an update on the Company's project acceleration initiatives and ongoing development activities at the Tanbreez Rare Earth Project in Greenland.

The Company continues to advance its strategic acceleration plan, with significant progress achieved across infrastructure development, field operations, geological programs, and logistics designed to support the next phase of project advancement.

Tanbreez Project Development Update

Construction activities continue to progress at the Tanbreez Project, with infrastructure works advancing according to plan. Footings for the project's pilot plant headquarters and infrastructure facilities are now underway, establishing a critical foundation for future processing and operational activities.

In parallel, development of camp facilities, which are adjacent to the recently completed Qaqortoq International Airport, continues, including the construction and enhancement of the project mess hall and cantina offices, which will support expanding site personnel and operational requirements as activity levels increase.

Tanbreez and CRML Senior Leadership Team: Malik V. Rasmussen, Mike Begley, George Karageorge,
Mohamad Mansour, Tyt Mogensen, Paul Rundel, Col Lloyd.

Tony Sage, Chairman of CRML, commented:

“Our teams continue to execute on key milestones that support the accelerated development of the Tanbreez Project, from infrastructure construction and geotechnical planning to drilling expansion and bulk sample preparation, we are building momentum across all aspects of the project. We remain focused on advancing Tanbreez toward its next stage of development while maintaining our commitment to operational excellence and stakeholder value creation.”

CRML Pilot Plant and Head Office and Warehouse with stage 1 completion August 2026

Drilling and Exploration Expansion

Critical Metals has further strengthened its project development capabilities with additional drill rigs now fully assembled and prepared in the workshop. The rigs are scheduled for mobilization to the field in the coming weeks supporting expanded drilling programs and resource development for final resource and mine planning activities across the project area.

The Company recently hosted a collaborative technical meeting between NIRAS and Critical Metals Corp. focused on the planning of geotechnical drilling surveys. The collaborative session reviewed upcoming survey programs and geotechnical work designed to support engineering design, infrastructure placement, and future development planning.

Combined NIRAS and CRML meeting of geotechnical drilling survey team.

CRML field crews marking out Upper Fjord resource drilling and bulk sample mark out

Bulk Sample and Pilot Plant Feed Preparation

Field crews have commenced surveying and preparation activities within the Upper Fjord and Hill Deposit areas. These efforts are focused on identifying and delineating material for bulk sampling programs that will provide feedstock for pilot plant testing and metallurgical evaluation.

The bulk sample program represents an important milestone in advancing the understanding of ore characteristics and supporting future project development decisions.

New drill rigs assembly in Qaqortoq preparing for mobilization to Tanbreez in the coming weeks

Logistics and Site Mobilization

As part of the broader project acceleration strategy, the Company has also facilitated additional personnel and operational logistics through new jet arrivals at Qaqortoq International Airport. These arrivals will support increased site activity, technical programs, and infrastructure development initiatives planned for the upcoming field season.

Daily jet arrivals as field commences June 1 and helicopter fleets prepare for the field season

About Critical Metals Corp.

Critical Metals Corp (Nasdaq: CRML) is a leading mining development company focused on critical metals and minerals, and producing strategic products essential to electrification and next generation technologies for Europe and its western world partners. Its flagship Project, Tanbreez, is one of the world's largest, rare earth deposits and is located in Southern Greenland. The deposit is expected to have access to key transportation outlets as the area features year-round direct shipping access via deep water fjords that lead directly to the North Atlantic Ocean.

Another key asset is the Wolfsberg Lithium Project located in Carinthia, 270 km south of Vienna, Austria. The Wolfsberg Lithium Project is the first fully permitted mine in Europe and is strategically located with access to established road and rail infrastructure and is expected to be the next major producer of key lithium products to support the European market. Wolfsberg is well positioned with offtake and downstream partners to become a unique and valuable asset in an expanding geostrategic critical metals portfolio.

With this strategic asset portfolio, Critical Metals Corp is positioned to become a reliable and sustainable supplier of critical minerals essential for defense applications, the clean energy transition, and next-generation technologies in the western world.

For more information, please visit globenewswire.com.

Cautionary Note Regarding Forward Looking Statements

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements may include expectations of our business and the plans and objectives of management for future operations. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this news release, forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target,” “designed to” or other similar expressions that predict or indicate future events or trends or that are not statements of historical facts. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements.

Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements for many reasons, including the factors discussed under the “Risk Factors” section in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission. These forward-looking statements are based on information available as of the date of this news release, and expectations, forecasts and assumptions as of that date, involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Critical Metals Corp.

Investor Relations: ir@criticalmetalscorp.com

Media: pr@criticalmetalscorp.com

Photos accompanying this announcement are available at
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[LoneClone] American Tungsten Reports Results from Historical Tailings Drill Program ...

LoneClone — 6/3/2026 12:29:18 PM

American Tungsten Reports Results from Historical Tailings Drill Program

Significant Tungsten Mineralization Throughout Historical Tailings Deposit

newsfilecorp.com

June 02, 2026 7:00 AM EDT | Source: American Tungsten Corp.

Vancouver, British Columbia--(Newsfile Corp. - June 2, 2026) - American Tungsten Corp. (TSXV: TUNG) (OTCQB: TUNGF) (FSE: RK90) ("American Tungsten" or the "Company") announces results from a drilling program in the historical Lower Tailings Project at the Ima Mine site, Lemhi County, Idaho. Significant tungsten mineralization was intersected in all bore holes across the 30 acre historical tailings area.

The Company's ongoing work is focused on establishing the historical tailings as a defined Mineral Resource, to support Reserve definition. American Tungsten is advancing its tailings opportunity with a disciplined focus in parallel with the required infrastructure development and ongoing work to support the restart of the IMA Mine. The Ima Tailings may represent a capital-efficient opportunity with reduced technical risk, and clear visibility to the production of a saleable tungsten concentrate.

"Our approach is deliberately strategic and capital disciplined. The Ima Tailings offer American Tungsten a clear opportunity to augment its resource base with comparatively low capital requirements and reduced technical risk. With process flowsheet development underway we are focused on building a practical, executable pathway to value creation, in parallel with the re-start of the Ima underground tungsten mine," commented Ali Haji, President of American Tungsten.

Lower Tailings Project - Program Overview and Drill Highlights

Legacy tailings generated from historical mining operations conducted during the 1940s and 1950s contain significant tungsten mineralization, are unsaturated, and cover approximately 30 acres on private, patented land controlled by the company;
Assay results of tailings samples average 0.152% WO3 and 0.269 oz/t Ag, supporting the potential for eventual economic extraction of the tailings material;
The hollow-stem auger drilling program completed in March was designed to validate and expand upon prior trench sampling that returned potentially economic tungsten and silver grades;
The drill program consisted of 35 boreholes totaling approximately 320 feet, drilled on a systematic grid at approximately 200-foot spacing, providing representative coverage across the project;
127 tailings samples were analyzed to evaluate grade distribution, continuity, and physical characteristics relevant to future resource definition and process flowsheet development;
The program confirmed anticipated tailings thickness and geometry, with an average tailings thickness of 5.9 feet across all boreholes and maximum depth of 13.5 ft in ATLT26-20;
Tailings volume is estimated at 190,000 to 200,000 cubic meters, based on drilling, volumetric modeling and high resolution Lidar topography.
The program was structured to support downstream work focused on resource delineation, volumetric modeling, and engineering evaluation to define a a capital-efficient development pathway.

Figure 1: CME 850 drill rig in the Lower Tailing's Impoundment, IMA Mine.

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Table 1: Tailing's Sampling Results

Drillholes	Samples	WO3 %(3)	WO3 %	WO3 %	Ag opt	Cu %	Pb %
Count	Count	Average(1,2)	Median	C.V.	Average	Average	Average
35	127	0.152	0.146	0.332	0.269	0.02	0.038
1) Assay statistics from equal length samples from continuous split spoon tailings sampling
2) Results for 10 Shelby tube samples submitted for in-situ density determination are pending
3) WO3 values are calculated from ppm analyses based on stoichiometry factors of 1.2611

Figure 2: Location of the 35 boreholes drilled in the Lower Tailings area
of ATC's IMA Mine Site, March 10th - 12th, 2026.

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Figure 3: Vertical Section through Ima Tailings - 5x vertical exaggeration

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About the IMA Mine
The IMA Mine is a past producing underground tungsten mine situated on 22 patented claims located in East Central Idaho. Between 1945 and 1957, the property produced approximately 199,449 MTUs of WO3 and was subsequently explored for molybdenum and tungsten by various operators between 1960-2010 (National Instrument 43-101 Technical Report on the Ima Mine, Patterson, Idaho, USA, p.29; LeBlanc, B., P.Eng. (2025) A-Z Mining Professionals. Dated June 6, 2025 on SEDAR+ for American Tungsten Corp.) American Tungsten Corp is currently conducting an exploration drill program and assessing potential for re-start of underground tungsten mining operations at the IMA Mine.

Sampling Methodology

Within the LTI, 35 borehole locations were selected based on inferred tailings depths, informed by LiDAR data and 18 1980's Inspiration backhoe trenches. Boreholes were completed using a track mounted CME 850 drill rig operated by Haztech LLC geotechnical drilling contractor. Boreholes were drilled using an 8-inch diameter hollow stem auger and Modified California (M-Cal) sampler utilizing Standard Penetration Test (SPT) methods. The M-Cal sampler had a 2.5" inside diameter and 18" length. At each borehole location, Haztech drillers advanced the split-spoon sampler 18 inches using a 140-lb hammer dropped from a height of 30 inches, recording the number of blows required to advance each successive 6-inch interval ("Cali blows"), in accordance with ASTM D1586 standards. ATC geologists were then handed the split-spoon sampler, recorded the Cali blows, opened the sampler to log sample characteristics, and placed the material into moisture-tight bags. This process continued until each borehole advanced at least 18 inches beyond the base of tailings material into the underlying substrate.

QA/QC and Sample Analysis

American Tungsten Corp's Quality Assurance and Quality Control QA/QC program applies industry standard best practices to ensure data quality and integrity for the IMA Mine project, including maintaining chain of custody, secure sample transport and storage, adherence to data collection protocols and inclusion of certified reference, blank and duplicate quality assurance samples in laboratory submissions.

Samples were submitted to ALS Global laboratory in Twin Falls, Idaho, for preparation. Samples were crushed to 70% passing 2 mm screen, rotary splitting 250g and pulverized to 85% passing a 75 µm screen. Samples were analyzed by ALS Minerals in the Vancouver, BC, Canada. Samples were analyzed by four acid digest with ICP-MS finish. Samples exceeding 200 ppm W were analyzed by XRF with lithium borate fusion preparation. Samples exceeding 50ppm Ag were analyzed by fire assay with gravimetric finish.

Qualified Person

Technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 — Standards of Disclosure for Mineral Projects ("NI-43-101"). Austin Zinsser, P.G., SME-RM, Vice President, Exploration for the Company, and a Qualified Person as defined by NI-43-101, has reviewed and approved the scientific and technical information in this news release.

About American Tungsten Corp.

American Tungsten Corp. is a Canadian exploration company focused on high-potential tungsten and magnetite assets in North America. The Company is advancing the IMA Mine Project in Idaho to commercial production, addressing critical metal scarcity in North America. The Company's IMA Mine Project is a historic and high-quality underground tungsten past-producing property on private-patented land well above the water table with significant infrastructure. The Company holds an exclusive option to acquire full ownership (subject to a 2% royalty) and has expanded its land position with 113 additional federal claims covering nearly 2,000 acres. With tungsten recognized as a critical metal for defense, industrial manufacturing, and advanced technologies, American Tungsten is focused on re-establishing domestic tungsten production and supporting North American supply chain security. www.americantungstencorp.com

For further information, please contact:

Ali Haji, Chief Executive Officer
ahaji@americantungstencorp.com
+1 647 871 4571

Joanna Longo, Investor Relations
ir@americantungstencorp.com

Social media links:
LinkedIn: api.newsfilecorp.com
X: https://api.newsfilecorp.com/redirect/GzeRefyQMK
Facebook: api.newsfilecorp.com
Instagram: api.newsfilecorp.com
YouTube: api.newsfilecorp.com

This news release includes "forward-looking information" that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements may include but are not limited to, statements relating to anticipated results of pending analyses, future work plans, additional sampling and preliminary metallurgical test work to be carried out on the Historical Ima Tailings, and all the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management's best judgment based on information currently available. No securities regulatory authority has either approved or disapproved of the contents of this news release. The Company undertake no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

The quantity and grade of potential exploration targets is conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. Statements concerning historical mineral resources, tailing, production, and exploration results on the property have been obtained through both public and private sources, and are believed to be substantially factual and relevant in that they demonstrate the tenor of exploration targets on the property. Neither American Tungsten Corp., or its Qualified Person, has done sufficient work to verify historical information regarding past production, sampling or drilling.

Source: American Tungsten Corp.

[LoneClone] Stakeholder Provides Ballarat Exploration Update newsfilecorp.com June 02, 20...

LoneClone — 6/3/2026 10:52:02 AM

Stakeholder Provides Ballarat Exploration Update

newsfilecorp.com

June 02, 2026 9:00 AM EDT | Source: Stakeholder Gold Corp.

Toronto, Ontario--(Newsfile Corp. - June 2, 2026) - Stakeholder Gold Corp. (TSXV: SRC) (OTCQB: SKHRF) (WKN: A2QEP1) ("Stakeholder" or the "Company") is pleased to provide an update on the current 2,000 m exploration drilling program at the Company's 100% owned Ballarat Gold-Copper Project ("Ballarat" or "The Project"). Drilling commenced on May 9th, 2026.

Ballarat is located in the geographical center of the White Gold District of the Yukon Territory, Canada (Figure 1). The Project is situated due north of Fuerte Metals Corp.'s Coffee Gold Mine Project, northwest of Western Copper Gold Corp.'s Casino Project and west, south and southeast of White Gold Corp.'s extensive regional exploration initiatives.

Coffee Mine, Northern Access Route NAR
The Ballarat Project straddles 20 km of the planned Coffee Mine, "Northern Access Route NAR" (Figures 1 & 2), where the road route heads north from the Yukon River. The Project is located within an underexplored portion of the White Gold District and is currently host to five developed gold and copper exploration prospects which have been selected for drill testing.

Figure 1

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Drillhole #1: BA2601 - Loki Copper Zone
The first diamond drillhole of Stakeholder's early 2026 Ballarat exploration program, BA2601, targeted the Loki Copper Zone. The drillhole was extended from a planned depth of 200 m to a final depth of 498 m as a result of encountering favorable geology and mineralization. Mineralization identified in the drill core included disseminated, massive and net textured pyrite, pyrrhotite, and chalcopyrite. This mineralization was intersected throughout the entire drillhole. The primary unit intersected in BA2601 was an ultramafic unit that is interpreted to be favorable for Alaskan style Ni-Cu-PGE mineralization.

The Loki Copper Zone trend is a 2.3 km x 600 m Cu +/- Ni-Co in soil anomaly. Previously, ultramafic units had not been mapped in the vicinity. The ultramafic unit intersected by BA2601 is interpreted to be part of the Late Triassic Pyroxene Mountain suite.

The Loki Copper Zone soil anomaly begins 120 m east of the Northern Access Route NAR where the road route traverses the southern portion of Company claims (Figure 2). BA2601 was drilled 1,150 m east of the Northern Access Route NAR.

Claim Staking 'Loki East'
Further to drilling BA2601 at the Loki Copper Zone, 201 additional and contiguous claims (~40.2 km2) have now been acquired by staking to cover what has been identified as the eastern extension of this zone (Figure 2). These additional claims cover an area considered to be the ('Loki East') target. Loki East has similar geochemical, geological and geophysical features to the Loki Copper Zone trend as identified from historical data.

Loki East is comprised of a series of geochemical anomalies located east-southeast of the Loki Copper Zone, ranging from 4.5 km to 16 km east of the Northern Access Route NAR.

Loki West
A 1,250-sample grid soil program is now also planned to be collected over the 'Loki West' Cu-Ni-Co target. The Loki West target has been identified by a reconnaissance soil line collected 2.5 km west of the Loki Copper Zone with characteristics similar to the Loki target.

Loki West is located approximately 2,500 m west of the Northern Access Route NAR.

The Loki West, Loki and Loki East targets extend along a regional fault structure which is identified across some 35 km of strike extent covering the southern section of the Ballarat Project (Figure 2). The Loki structural corridor extends along a regional fault from approximately 15 km west of the Northern Access Route NAR to approximately 20 km east of the of the NAR.

A 3D geophysical inversion of historical VTEM and magnetic survey datasets that covered the entirety of the Loki target area is now planned. This data inversion study is expected generate a 3D model of the ultramafic intrusion which can be used for drillhole planning.

Gold Targets
The early 2026 Ballarat drill program has now shifted to the structurally hosted gold targets at the northern portion of the Ballarat Project.

Figure 2

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East Zone
The East Zone is a structurally hosted gold target consisting of a 700 x 600 m gold in soil anomaly (with minor tellurium, silver, and zinc) hosted within a felsic gneissic unit, located along strike from, and to the northeast of, the Skye Gold Zone. A limited RAB drilling program was completed on the southern portion of the East Zone in 2016.

The 2016 drill program did encounter low grade gold mineralization (up to 0.856 g/t Au over 3.04 m) but it is not considered to have targeted the core of the structural features that may host gold mineralization. The 2026 program will revisit this target and test the northern portion of these structural features.

The East Zone gold in soil anomaly is being drilled approximately 600 m west of the Northern Access Route NAR where it traverses the northern section of Company claims (Figure 2).

Skye Gold Zone
The Skye Gold Zone is a structurally hosted gold target(s) located in the north-center section of the Ballarat Project claims and consists of two subparallel, 1.9 km (north limb) and 1.3 km (south limb) gold in soil trends hosted within felsic gneissic rocks (Figure 2). These trends evidence minor tellurium, silver, molybdenum, lead, and zinc indicator mineral anomalies which are associated with ENE oriented structures.

2026 drilling will test both the north and south limbs of this prospect. The Skye Gold Zone north limb and the Skye Gold Zone south limb are considered greenfield targets. These structures have not been drill tested in the past.

The Skye Gold Zone north limb anomaly is being drill tested approximately 1,400 m west of the Northern Access Route NAR, while the Skye Gold Zone south limb is being drill tested approximately 1,500 meters west of the NAR.

Northwest Zone
The Northwest Zone is a structurally hosted gold target which consists of two parallel gold in soil anomalies (2.3 km and 1.8 km in length respectively) hosted within metasedimentary and metavolcanic rocks (Figure 2). The Northwest Zone is located directly south of White Gold Corp.'s Black Fox Project. A limited 5-hole diamond drilling program was completed in 2012 with results up to 0.945 g/t Au over 3 m. This drill program only tested the periphery of the geochemical anomaly. 2026 drilling will target the untested core of the soil anomaly.

Roads maintained by local placer miners crosscut the Northwest Zone soil anomaly which is being drilled approximately 8,000 m west of the Northern Access Route NAR.

During the summer of 2026 Stakeholder geologists are also planning to conduct soil sampling and geological mapping along the full 20 km section of the Coffee Mine, Northern Access Route NAR. This will be done along the route where new road construction traverses Company claims.

"The first drillhole into the Loki Copper Zone delivered a surprise in that geology confirmed an ultramafic intrusive unit. This is new to the area. We can see that the unit has potential for considerable size extent, and we can see disseminated, massive and net textured pyrite, pyrrhotite, and chalcopyrite mineralization. These findings prompted us to secure additional claims along the structure in anticipation of further work," said Chris Berlet, CEO and Director of Stakeholder.

"Drilling is now underway on the gold targets further north on the Ballarat Project. We anticipate drilling a total of 7 holes into what we have identified as 4 distinct gold prospective target areas."

Adam Fage MSc., P.Geo is an independent geological consultant and the Qualified Person for the Company, as defined by NI 43-101, and has reviewed and approved the contents of this press release.

About Stakeholder Gold Corporation

Stakeholder holds 100% ownership of 1,140 contiguous mineral claims covering 22,700 hectares and spanning 20 km of the Coffee Mine Project's Northern Access Route which is being developed through the geographical center of the White Gold District of the Yukon Territory, Canada. Stakeholder also maintains in good standing 10 claims located inside the adjacent Coffee Mine Project which is being developed by Fuerte Metals Corp. These combined claim holdings are referred to collectively as the Ballarat Gold-Copper Project ("Ballarat").

Within the Company's contiguous claim holdings Stakeholder is advancing exploration initiatives on the Skye Gold Zone and the Loki Copper Zone exploration targets which are separated by some 8 km, and which hold prospectivity for new gold and copper discoveries respectively, on either side of the Northern Access Route, in the heart of the White Gold District.
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Stakeholder also generates cash flow from the production and sale of exotic stones through its 100% owned Brazilian subsidiary Mineração VMC Ltda. ("VMC"). VMC is currently producing from 4 independent stone quarries and is seeking opportunities to expand the sale and export of exotic stone building materials from Brazil.
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Christopher J. Berlet B.A.Sc.(Mining), CFA, CEO & Director of Stakeholder is responsible for the content of this press release.

For further information please contact:

Stakeholder Gold Corporation
cberlet@stakeholdergold.com
416 525 - 6869

Forward-Looking Information

This news release contains forward-looking information. All information, other than information of historical fact, constitute "forward-looking statements" and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation's strategy, plans or future financial or operating performance.

When used in this news release, the words "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may" and similar expressions, as well as "will", "shall" and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation's annual financial statements, MD&A and other publicly filed documents.

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Source: Stakeholder Gold Corp.

[LoneClone] Northern Graphite Announces First Quarter 2026 Results and Provides Corporate Up...

LoneClone — 6/2/2026 3:58:18 PM

Northern Graphite Announces First Quarter 2026 Results and Provides Corporate Update

Joint Venture to develop Saudi Battery Anode Material facility
Restructures Senior Secured Debt with Sprott Streaming
Advances Preparations for LDI Pit Extension
Advances Mill Relocation to Okanjande Mine Site

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June 02, 2026 7:45 AM EDT | Source: Northern Graphite Corporation

Ottawa, Ontario--(Newsfile Corp. - June 2, 2026) - Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) (the "Company" or "Northern") is pleased to provide an operating summary and financial highlights for the three month period ending March 31, 2026. The Company's Financial Statements and Management's Discussion and Analysis for the period have been filed on SEDAR+ and posted to the Company website.

"While Northern's financial and operating performance continued to be impacted during the first quarter by the temporary shutdown of the Lac des Iles ("LDI") mine and processing plant, the period also saw us advance on our key growth catalysts across divisions. At LDI, we advanced critical mill maintenance associated with the planned 2026 pit expansion, positioning the operation for increased throughput and improved operating efficiency. At the same time, our partnership with Obeikan Investment Group to develop a Battery Anode Material ("BAM") facility in the Kingdom of Saudi Arabia has materially advanced our mine-to-battery strategy and accelerated plans to restart our Okanjande mine in Namibia," said Chief Executive Officer Hugues Jacquemin. "Subsequent to quarter end, we completed a transformative restructuring of our senior secured debt, stream and royalty arrangements with Sprott Streaming, materially strengthening our balance sheet and aligning our capital structure with our long-term development timeline. Together, these milestones reflect Northern's continued transition from planning to execution as we build an integrated graphite platform supporting secure graphite supply chains independent of China."

Banner 1

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Operational Highlights: Driving toward Execution

There was no active mining or processing at our cornerstone Lac des Iles mine and plant in the First Quarter as work advanced to complete critical maintenance work to prepare it for operational readiness ahead of the planned 2026 pit expansion;
The Company expects to resume mining activities in the third quarter as we continue to await receipt of our amended mining permit, originally filed in February. Upon restart, Northern anticipates transitioning the LDI mill to a seven-days-per-week, 24 hours/day operation as it targets nameplate capacity of 25,000 tonnes per year;
In March, the Company completed a flow-through private placement for gross proceeds of $2 million which will be used to complete a drill program on a number of targets around the mine or at its nearby Mousseau exploration project in 2026 and 2027, with the objective of identifying potential new sources of mill feed;
As it seeks to enhance market visibility and enable transparent, market-driven price discovery amid increasingly robust demand for its graphite portfolio, Northern announced in March that it has partnered with Metalshub to launch online auctions for graphite flake products from LDI;
In Namibia, the Company initiated work in May to relocate the processing plant from the former Okorusu site to the mine site at Okanjande as it targets a restart of the mine in late 2027. The work is now 60 percent complete and is expected to be concluded in June 2026;
In January, Northern announced a landmark joint venture with Obeikan Investment Group to develop a scalable US$200 million Battery Anode Material ("BAM") facility in the Kingdom of Saudi Arabia, advancing Northern's mine-to-battery strategy and positioning the Company to supply graphite anode materials to global markets outside of China;
Northern also continued to advance its Mine-to-Market Strategy in the first quarter with an R&D partnership with Rain Carbon Germany GmbH, H.C. Starck Tungsten GmbH and Friedrich Schiller University Jena for a three-year German-funded program to develop cleaner graphite processing and battery recycling technologies for the European battery sector;
Northern is actively engaging with technology and original equipment manufacturing ("OEM") partners in both the US and Europe who want to collaborate with a quality supplier of graphite that has current production and the capacity to support future growth. Discussions are also being held with various Canadian government organizations at both the federal and provincial level to gain support to speed up the development of the battery anode supply chain, with a particular focus on Ontario and Québec.

Financial Highlights: Balance Sheet Restructuring
(Stated in thousands of Canadian Dollars except for per-tonne amounts)

No sales or revenue were recorded in the first quarter as a result of a temporary shutdown at the LDI mine and processing plant as the Company advanced critical maintenance and development work ahead of the 2026 pit expansion, dependent on final approval of the Company's amended Certificate of Authorization which was filed in February 2026;
A loss from mine operations at LDI of nil was recorded for the quarter ended March 31, 2026 compared to income from mine operations of $0.3 million for the prior year's quarter. The 2025 amount does not include impairment losses on inventory and there were no impairment losses for Q1 2026;
General and administrative expenses during the first quarter of 2026 were $2.5 million compared with $2.5 million in the first quarter of 2025 as higher office and management expenses at NGC Battery Materials were offset by lower legal expenses;
License and other revenue was $0.6 million for the three-month period ended March 31, 2026, in-line with $0.7 million in the first quarter of 2025;
Finance costs rose in the quarter to $3.7 million (2025 - $3.2 million) as a result of higher accretion, partially due to the non-payment of interest on senior secured debt and royalties resulting in higher interest accretion, partially offset by a larger gain on a revaluation of the Company's royalty liability and senior debt due to modifications to the anticipated timing of royalty and interest payments. Almost all of the finance costs were non-cash items;
A net loss of $9.9 million ($0.06 per share) was recorded in the first quarter of 2026 compared to a net loss of $5.3 million ($0.04 per share) during the three months ended March 31, 2025. The primary reasons for the increased loss were the continuous temporary shutdown of the LDI plant resulting in no revenue during the quarter, an increase in care and maintenance expense of $1.3 million and the significant impact of non-cash items including a foreign exchange loss on the Company's operations and U.S. dollar denominated financial instruments of $1.6 million compared to the prior year period's gain of $0.1 million. The net loss of $9.9 million includes $6.7 million in non-cash items;
As of March 31, 2026, the Company continued to report its senior secured loan ($30.2 million) and its royalty financing ($19.0 million) as current liabilities as a result of the lack of performance by the Company on the following covenants related to these instruments:

Senior secured loan:

The payment of accrued interest of $7.0 million (US$5.1 million) on the semi-annual cash interest payment date as of March 31, 2026 (covering the period January 1, 2024 to December 31, 2025);
Maintaining, at all times, on a consolidated basis, positive working capital, and;
Maintaining, at all times, on a consolidated basis, a minimum cash balance of US$0.75 million.

Royalty Financing:

The payment of royalty amounts totaling $6.1 million (US$4.4 million) which were due from 2024 through 2026;

Debt Agreement: As of May 31, 2026, all defaults have been waived by the lender effective March 31, 2026.

On April 29, 2026, the Company entered into a binding letter of agreement (the "Debt Agreement") to restructure its secured debt, stream and royalty financing arrangements with funds managed by Sprott Resource Streaming and Royalty Corp. (collectively, "Sprott Streaming"), which will significantly strengthen the Company's financial position. Under the terms of the Debt Agreement, all of the senior secured debt held by Sprott Streaming in the principal amount of approximately US$16.0 million, which matures on April 29, 2026, together with all accrued interest thereon which currently amounts to approximately US$6 million, will be satisfied through Northern issuing 12.5 million common shares to Sprott Streaming - resulting in Sprott Streaming increasing its interest in the Company to 9.9% of its basic shares outstanding and becoming the Company's largest shareholder - and an amendment to the Sprott streaming agreement in respect of the Company's Okanjande project to remove the current 350,000 tonnes of graphite concentrate cap on production and option to then convert the stream to a 1.0% royalty, such that the streaming agreement will now cover all future production from the Okanjande project;

Cash and equivalents were $1.1 million as at March 31, 2026, compared to $2.5 million as of December 31, 2025. The net decrease in cash and cash equivalents resulted from the following elements:
- Net cash used in operating activities was $5.7 million, largely driven by the LDI plant remaining under a temporary shutdown during the first quarter resulting in no sales of product and changes in related working capital items;
- Net cash used in investing activities of $0.6 million as the Company continued to pay for development of mineral interests and equipment modernization to extend the life of LDI mine; and
- Net cash provided by financing activities of $4.8 million was mainly the result of $2.0 million in flow through share funding completed during the quarter and the receipt of a repayable government contribution of $2.9 million, partially offset by lease payments and repayment of debt;

The classification of the Company's senior debt and royalty classification as current liabilities ($49.3 million in total) was largely the reason for a negative working capital balance of $54.6 million as at March 31, 2026.

(1) The Company reports the non-IFRS financial measures of average realized sales price per tonne of graphite concentrate sold and cash costs per tonne of graphite concentrate sold to manage and evaluate its operating performance. See "Cautionary Note Regarding Non-IFRS Performance Measures" below.

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Northern is advancing toward its goal of becoming a vertically integrated, mine-to-market supplier to traditional downstream customers and to the emerging ??market for battery anode material. The main catalysts of that strategy include growing graphite production from its cornerstone Lac des Iles asset, restarting its Okanjande mine in Namibia and developing downstream capacity to produce anode material for use in lithium-ion batteries and electric vehicles ("EVs") in North America, Europe and Saudi Arabia and to upgrade graphite mine concentrate into value added industrial products.

Graphite Markets Outlook
Policy momentum continues to grow in North America and Europe for critical minerals with graphite increasingly recognized as a strategic material tied to energy security, industrial policy and supply chain resilience. In Europe, the Critical Raw Materials Act continues to support the development of strategic raw material supply chains, while in Canada and the United States a combination of industrial policy, targeted investment and evolving trade measures continues to reinforce domestic battery material development. As a member of the North American Graphite Alliance ("NAGA"), Northern continues to engage with government agencies regarding measures to support the development of a domestic graphite industry in the United States, including ongoing reviews of existing Section 301 tariffs and discussions around additional trade protections and strategic supply chain measures. Demand for high-quality graphite for non-battery applications continues to strengthen, particularly in North America and especially for large and jumbo flake graphite produced at the Company's Lac des Iles mine. While Northern has previously faced challenges meeting demand due to technical issues at the mine and plant, the Company anticipates improved performance following ongoing plant upgrades and the planned restart of operations tied to the 2026 pit extension. As it seeks to enhance market visibility and enable transparent, market-driven price discovery for its graphite portfolio, Northern has partnered with Metalshub, a leading digital platform provider for the metals and mining industry, to conduct online auctions for graphite flake products from Lac des Iles. Northern has started to conduct competitive bidding events for multiple natural graphite flake sizes, including jumbo, large and medium flake products.

Battery Materials
Northern took a transformative step in the first quarter toward becoming an integrated global battery materials producer through the signing of a term sheet with Obeikan Investment Group to jointly develop and operate a large-scale Battery Anode Material ("BAM") facility in Yanbu Industrial City, Kingdom of Saudi Arabia. The proposed facility, expected to require approximately US$200 million in capital, is planned to have an initial production capacity of 25,000 tonnes per year, scalable over time to meet growing demand for ex-China anode material supply. The project is expected to accelerate the restart of Northern's Okanjande mine in Namibia while establishing a strategic presence in one of the world's fastest-growing industrial and logistics hubs with direct access to European, North American and Middle Eastern markets. Northern expects to complete a feasibility study for the Yanbu facility in the coming months, with the project intended to serve as a blueprint for planned BAM facilities in Canada and France. In parallel, Northern continued advancing its technical and commercial capabilities across the battery materials value chain. During the quarter, Northern and partners Rain Carbon Germany GmbH, H.C. Starck Tungsten GmbH and Friedrich Schiller University Jena launched a three-year research and development program funded largely by the German Federal Ministry for Economic Affairs and Energy to develop an environmentally friendly and secure graphite processing route for Europe's battery industry incorporating both natural and recycled graphite feedstocks. The initiative is intended to support the development of a more sustainable and independent anode material supply chain outside of China. Graphite-based anode material is the largest component of lithium-ion batteries by weight and requires significant downstream processing capacity, most of which is currently concentrated in China. Northern's integrated mine-to-battery strategy is designed to establish a secure, transparent and scalable supply chain of natural graphite anode material for global markets.

Mining Operations
Northern is advancing its key growth catalyst of adding resources that will enable it to bring on quick, scalable, low capex production from its existing mine and development projects in time to supply growing demand amidst widescale global electrification and the EV revolution.

Lac des Iles Mine, Quebec
Lac des Iles remained under temporary care and maintenance throughout the first quarter of 2026 as Northern continued critical maintenance and development work associated with the planned 2026 pit extension and mill refurbishment program. As a result, no production, sales or shipments were recorded during the quarter. The work program included major mill maintenance activities designed to support increased throughput, improved operating efficiency and a planned transition to continuous seven-days-per-week operations targeting annual nameplate capacity of 25,000 tonnes per year ("tpy"). The planned pit extension is based on an updated mineral resource estimate announced in January 2024, which indicated the potential to extend the mine life by approximately eight years. Northern's independent consultants have since prepared a draft life-of-mine plan for an extension to the existing pit, while overburden pre-stripping activities were completed in late 2025 in preparation for mining operations. Operations are now expected to resume from the pit extension in the third quarter of 2026, subject to final approval of the Company's amended Certificate of Authorization, which was filed in February 2026. The pit extension is expected to be largely financed through the previously announced $6.2 million interest-free, repayable government funding package, while the Company continues to evaluate additional financing alternatives to support ongoing production and development activities beyond 2026. Northern believes the Lac des Iles property continues to offer significant long-term upside beyond the current pit extension. The Company completed a drilling program in the fourth quarter of 2024 with the objective of further identifying and expanding LDI resources with a lower strip ratio, although core logging and data compilation have been delayed due to the financial constraints the Company is experiencing. As well, Northern is evaluating additional potential exploration targets near the mine and at its nearby Mousseau project with the objective of identifying future sources of mill feed.

Okanjande Mine, Namibia
Northern is advancing plans to restart its Okanjande mine in Namibia in late 2027 as the Company prepares to be able to supply graphite concentrate to its planned Battery Anode Material ("BAM") facility in the Kingdom of Saudi Arabia, which is targeted to begin production in 2028. Subsequent to quarter end, the Company initiated work to relocate the processing plant from the former Okorusu site to the mine site at Okanjande and retained Rotary Engineering Services of Namibia to dismantle and transport the remaining plant infrastructure for reassembly at the mine site. The work is now 60 percent complete and is expected to be concluded in June 2026. The plant relocation marks another step toward resuming production at Okanjande and is expected to reduce operating costs, improve project sustainability and enhance the operation's long-term expansion potential. Namibia is considered one of the most favourable mining jurisdictions in Africa, and Okanjande is well positioned to supply customers in North America, Europe and the Middle East. The operation benefits from high-quality graphite resources, proximity to the deep-water port at Walvis Bay and a comparatively short development timeline relative to many competing graphite projects. Northern believes these advantages position Okanjande to play an important role in supporting the development of secure graphite supply chains independent of China.

Closing Remarks
"Northern has entered a pivotal stage in its evolution, with a stronger balance sheet, advancing operations and a clear path toward becoming an integrated global graphite and battery materials producer," said Mr. Jacquemin. "Over the coming quarters, we expect to restart production at Lac des Iles, continue advancing toward a final investment decision for our planned BAM facility in Yanbu and further position Okanjande as a future source of scalable graphite production. Together, these initiatives are laying the foundation for Northern to become a key supplier of critical materials to global markets seeking secure supply chains independent of China."

About Northern Graphite
Northern is a Canadian, TSX Venture Exchange listed company that is the only flake graphite producing company in North America. Northern is focused on becoming a world leader in producing natural graphite and upgrading it into high-value products critical to the green economy, including anode material for lithium-ion batteries/EVs, fuel cells and graphene, as well as advanced industrial technologies. The Company's mine-to-battery strategy is spearheaded by its Battery Materials Group, which has a fully equipped, state-of-the-art laboratory in Frankfurt and is focused on advancing plans to develop battery anode material plants in Saudi Arabia, Quebec and France.

Northern's graphite assets include the producing Lac des Iles mine in Quebec, where the Company is boosting output to meet growing demand from industrial customers and coming demand from North American battery makers. The Company also owns the large-scale, advanced stage Bissett Creek graphite project in Ontario and the fully permitted Okanjande graphite mine in Namibia, which is currently on care and maintenance, and represents an opportunity to substantially increase graphite production at a lower cost and with a shorter time to market than most competing projects. All projects have "battery quality" graphite and are located close to infrastructure in politically stable jurisdictions.

For media inquiries contact
Pav Jordan, VP of Communications
Email: pjordan@northerngraphite.com

For further information contact
Niall Moore, CFO
Telephone: (613) 271-2124
Email: info@northerngraphite.com

Qualified Person
Gregory Bowes, B.Sc. MBA P.Geo, the Chairman of Northern, is a "qualified person" as defined under NI 43-101 and has reviewed and approved the content of this news release.

For additional information
Please visit the Company's website at www.northerngraphite.com/investors/presentation the Company's profile on www.sedarplus.ca our Social Channels listed below or contact the Company at (613) 271-2124.

LinkedIn
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Cautionary Note Regarding Non-IFRS Performance Measures
This news release includes certain non-IFRS performance measures that do not have a standardized meaning prescribed by International Financial Reporting Standards ("IFRS"). The Company believes that these measures, in addition to measures prepared in accordance with IFRS, provide investors with an improved ability to evaluate the underlying performance of the Company and to compare it to information reported by other companies. The non-IFRS measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. These measures do not have any standardized meaning prescribed under IFRS, and therefore may not be comparable to other issuers. The calculation and an explanation of these measures is provided in the Company's Management's Discussion and Analysis and such measures should be read in conjunction with the Company's Management's Discussion and Analysis and financial statements.

Cautionary Note Regarding Forward-Looking Statements
This news release contains certain "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements and information are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "potential", "possible" and other similar words, or statements that certain events or conditions "may", "will", "could", or "should" occur. Forward-looking statements in this news release include statements regarding, among others, plans for extending the mine life and output at LDI, bringing the Company's Namibian operations back online, advancing plans for its Yanbu Battery Anode plant to a final investment decision, otherwise developing the capacity to manufacture value added products and raising the financing to complete any or all of these initiatives. All such forward-looking statements are based on assumptions and analyses made by management based on their experience and perception of historical trends, current conditions and expected future developments, as well as other factors they believe are appropriate in the circumstances. However, these statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected including, but not limited to, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of other parties to perform as agreed; social or labour unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure and the failure of ongoing and contemplated studies to deliver anticipated results or results that would justify and support continued studies, development or operations, and the inability to raise the required financing. Readers are cautioned not to place undue reliance on forward-looking information or statements.

Although the forward-looking statements contained in this news release are based on what management believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with them. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Source: Northern Graphite Corporation

[LoneClone] [Vanadium] District Reports PEA Results for the Viken Deposit that Strengthens ...

LoneClone — 6/2/2026 3:34:28 PM

[Vanadium]
District Reports PEA Results for the Viken Deposit that Strengthens Sweden's Critical Raw Materials Future

newsfilecorp.com

June 02, 2026 9:57 AM EDT | Source: District Metals Corp.

Vancouver, British Columbia--(Newsfile Corp. - June 2, 2026) - District Metals Corp. (TSXV: DMX) (Nasdaq First North: DMXSE SDB) (OTCQX: DMXCF) (FRA: DFPP); ("District" or the "Company") is pleased to announce the results of the Preliminary Economic Assessment ("PEA") for the Viken Energy Metals Deposit (the "Viken Deposit") within the Viken Property located in Jämtland County, central Sweden. Through its wholly-owned subsidiary, Bergslagen Metals AB, the Viken Property is 100% owned by the Company and is also completely free of any net smelter returns royalty. Unless otherwise indicated, all dollar amounts are stated in United States dollars ("$").

Garrett Ainsworth, CEO of District, commented: "Today's reported Viken Deposit PEA results mark a transformational milestone for District, and validates the immense scale, quality, and economic strength of this project. Delivering a robust after-tax NPV of $2.88 billion at an 8% discount rate and strong 45.9% IRR alongside initial CAPEX of $876 million. The low operating costs enable negative-cost uranium production of 3.3 million pounds of U3O8 per year, which meets the full uranium demand of Sweden's current nuclear reactor fleet.

These PEA results are globally significant and position the Viken Deposit amongst the most compelling development opportunities for important and critical raw materials in the mining sector today. These results underscore not only the project's potential for profitability and resilience, but also our team's vision and disciplined execution in advancing an asset we believe will be capable of generating substantial long-term value for shareholders, stakeholders, and the communities in which we operate."

Viken Deposit PEA Highlights

Strong financial metrics: After-tax net present value ("NPV8%") of $2.88 billion, internal rate of return ("IRR") of 45.9%, and payback period of 2.1 years.

Significant after-tax free cash1 flow: Initial capital cost of $876 million to generate average after-tax free cash flow of $531 million per year over the 13 years of life of mine (LOM) production.

Negative cost to produce uranium: Average cash cost1 (net of by-product credits) per pound of uranium of negative $121/lb U3O8 and an all-in sustaining cost2 ("AISC") per pound of uranium of negative $118/lb U3O8 (net of by-product credits) over the life of mine.

Simplicity of mining: Conventional truck-and-surface miner open pit operation (no drill and blast) with an average strip ratio of 0.2 to 1.0 (waste to mill feed).

Enhanced metallurgical recoveries: Modified pug roast processing conceptually shows metallurgical recoveries of 90% for uranium, 70% for vanadium, 70% for sulphate of potash (SOP), 30% for nickel, and 50% for molybdenum and zinc.

Significant production profile: The Base Case scenario proposes mining at 10 million tonnes per annum (Mtpa) producing approximately:
- 3.3 million pounds per year of U3O8 production capacity-enough to meet the uranium fuel requirements of all currently operating nuclear reactors in Sweden2.
- 16 million pounds per year of vanadium pentoxide (V2O5) flake, further refined into downstream vanadium products including
  - 37 million litres per year of vanadium electrolyte and 6 million kilograms per year of ferrovanadium (FeV) at a ratio of 35:65, respectively. The world's annual V2O5 flake supply is currently dominated by Russia and China3.
- 250,000 tonnes per year sulphate of potash (SOP) by-product for sale as fertilizer capable of supplying 16% of Europe's annual SOP demand that is currently import-dependent, and forecast to grow at a CAGR of 3.9% to 20344.
- Mixed sulphide product for smelting to refined molybdenum (4.5 million pounds per year), nickel (1.6 million pounds per year), and zinc (2.1 million pounds per year) products.

Extraordinary optionality: The PEA outlines total life of mine production of 127 million tonnes sourced exclusively from within the 456 million tonne Indicated Mineral Resource Estimate published in April 20255. The additional 4.3 billion tonne Inferred Mineral Resource Estimate highlights the immense scale and optionality with planned life of mine production representing only a small fraction of the broader Mineral Resource base. The PEA does not include, nor is it based upon, the Inferred Mineral Resource Estimate.

Exceeding Environmental Regulations: New and proven technologies proposed for dust suppression, water management and protection, and dry stack tailings to reclaim the land back to its previous use.

The Viken Deposit PEA was prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") standards. The base case was completed at a uranium price of $85/lb, a vanadium electrolyte price of $9/L, a ferrovanadium price of $38/kg, a sulphate of potash price of $650/tonne, a molybdenum price of $27.22/lb, a nickel price of $7.71/lb, and a zinc price of $1.45/lb.

Viken Deposit PEA Details

District engaged P&E Mining Consultant Inc. and METS Engineering Group Pty Ltd who are independent consultants with a deep understanding of economic studies on Alum Shale deposits in Sweden.

The study envisions a conventional open pit mining and processing operation with a low strip ratio that is amenable for a continuous mining system and truck transport. The nominal initial nameplate processing capacity has been set to 27,400 tonnes per day (tpd) or 10 Mtpa, but the areal extent of the Viken Deposit provides significant scalability if desired. This PEA only considers a Phase 1 open pit mining operation, and it is expected that future phases of mining would benefit from reduced capital expenditures by using the existing mineral processing plant and infrastructure.

The recovery of uranium, vanadium, sulphate of potash, and a mixed metal precipitate (molybdenum, nickel, zinc) has been evaluated through a pug roast mineral processing plant that includes crushing, pug roasting, grinding, flotation, and acid leaching. The resulting solution is run through a potassium salt crystalliser for recovery of SOP, followed by sulphide precipitation to produce a Mixed Sulphide Precipitate. The uranium and vanadium are recovered by solvent extraction. The vanadium (V2O5) flake product will be further refined into vanadium electrolyte (used in batteries for renewable energy storage) and ferrovanadium (used as alloy for strengthening steel) that have higher saleable value than the V2O5 flake product.

The waste slurry will be de-watered and thickened for dry stack tailings placement that will be progressively rehabilitated.

Table 1 - Viken Deposit Preliminary Economic Assessment Highlights

After-Tax Net Present Value (NPV8)	US$2.88 billion
Initial Capital Costs (CAPEX)	US$876 million
Internal Rate of Return (IRR)	45.9%
Average Annual After-Tax Free Cash Flow (Life of Mine)	US$531 million
Payback Period	2.1 years
Uranium Average Annual Production	3.3 million lbs U3O8
Vanadium Average Annual Production	16 million lbs V2O5
Vanadium Electrolyte (V Electrolyte) Average Annual Production	37 million L V Electrolyte
Ferrovanadium (FeV) Average Annual Production	6 million kg FeV
Sulphate of Potash (SOP) Average Annual Production	250,000 t SOP
Life of Mine (LOM) Production	13 years
Average Unit Operating Cost of U3O8 (net of by-product credits)	(-) US$121/lb U3O8
Uranium Price Assumption	US$85/lb U3O8
Vanadium Price Assumption (35% vanadium electrolyte at $9/L, 65% FeV at $38/kg)	US$15.7/lb V2O5
SOP Price Assumption	US$650/t SOP
State Mineral Fee Paid to Landowners (0.15% for LOM)	US$22 million
State Mineral Fee Paid to Sweden (0.05% for LOM)	US$7 million
Corporate Taxes Paid to Sweden (20.6% for LOM)	US$1.6 billion

Table 2 - PEA Sensitivity to Commodity Prices

Sensitivity	-30%	-20%	-10%	Base Case	+10%	+20%	+30%
FeV Price (US$/kg)	27	30	34	38	42	46	49
V Electrolyte Price (US$/L)	6	7	8	9	10	11	12
U3O8 Price (US$/lb)	60	68	77	85	94	102	111
SOP Price (US$/t)	455	520	585	650	715	780	845
After-Tax NPV (8%) (US$M)	1,023	1,642	2,262	2,881	3,498	4,115	4,732
After-Tax IRR (%)	24.3	32.2	39.3	45.9	52.0	57.8	63.3
After-Tax Payback (years)	3.7	2.9	2.5	2.1	1.9	1.8	1.6

Capital Costs

The LOM capital costs (CAPEX) for the contemplated conventional open pit mining, processing operation, vanadium refinement facilities and supporting infrastructure at the Viken Deposit are estimated at $1.0 billion including initial capital costs of $876 million as shown in Table 3 below. The initial capital cost includes a contingency of approximately 22% or $159 million. P&E Mining and METS Engineering estimated the capital costs based on input and consultation with leading expert service providers who have experience with mine construction projects and cost estimation both in Sweden and globally.

Table 3 - Summary Breakdown of Capital Cost Estimates

Capital Costs (US$ Millions)	Initial	Sustaining	Total
Mine	60	44	105
Process Plant & Infrastructure & Indirect Costs	657	79	736
Rehabilitation	0	8	8
Contingency	159	26	185
Total Capital Costs	876	158	1,034

Operating Costs

The operating cost estimate (OPEX) is based on a conventional open pit mine using surface miners (cutting machinery that does not require drilling and blasting) and haul trucks to a conventional mineral processing plant, and a dry stack tailings facility. The Viken Deposit's polymetallic endowment allows for the average cash cost (net of by-product credits) per pound of uranium of negative $121/lb U3O8 and an AISC per pound of uranium of negative $118/lb U3O8 (net of by-product credits) over the life of mine as further detailed below in Table 4.

Table 4 - Summary of Viken PEA Production Profile

	Unit	Annually	Life of Mine
Tonnes Processed	million t	10	127.4
Average Grade U3O8	ppm		197
Average Grade V2O5	ppm		3,715
Average Grade SOP	%		4.12
Total Pounds U3O8	million lbs	3.3	41.8
Total Pounds V2O5	million lbs	16	203.9
Vanadium Electrolyte (V Electrolyte)	million litres	37	474.4
Ferrovanadium (FeV)	million kg	6	76.2
Sulphate of Potash (SOP)	thousand t	250	3,200
Unit Operating Cost
Open Pit Mining	US$/t		3.50
Processing	US$/t		37.43
Dry Stack Tailings	US$/t		1.81
General & Administrative	US$/t		1.33
SOP Freight	US$/t		2.51
Total Operating Cost	US$/t		46.58
Unit Operating Cost	US$/lb U3O8		34.57
Unit Operating Cost	US$/lb V2O5		2.64
Operating Margin	%		145

Mine Plan

The PEA contemplates that the Viken Deposit mine will consist of a single open pit mining operation with surface miners capable of cutting 0.3 m deep into the Alum Shale, and conventional loading and hauling equipment. Open pit mining will be initiated in Year -1 (pre-stripping period) and mining will be completed by the end of Year 13. The mine plan consists of delivering 7.5 Mt of mill feed in Year 1, followed by 10 Mtpa thereafter, at a low LOM strip ratio of 0.2:1.

An inter-ramp angle of 45° was used to design the open pit. The pit is planned to be mined in two phases, allowing for in-pit waste rock disposal.

The Viken mining operation is envisioned to be owner operated. The Company will undertake all cutting, loading, hauling, and mine site maintenance activities. Drilling and blasting are not required. The anticipated truck size is 91 tonnes, similar to the CAT 777 truck, to be loaded by appropriately sized wheel loaders. The Company will provide mine management and technical services, and support equipment such as dozers, graders, and maintenance vehicles.

The Main Waste Rock Storage Facility will be located to the west of the open pit. 127.4 Mt of mill feed will be mined, along with 23.4 Mt of waste rock (primarily limestone).

Processing and Metallurgical

The process feed is crushed, grinded and floated before being mixed with concentrated sulphuric acid in a pug mill and thermally roasted to convert vanadium, uranium, potassium and associated metals into water soluble sulphate species. This configuration targets high leach recoveries and allows a liberal flotation regime, which can enhance recovery of by-products such as mixed metal precipitate (MMP) and sulphate of potash (SOP). Approximately 35% of the total V2O5 production will be directed to vanadium electrolyte production, with the remaining V2O5 allocated to FeV production. The processing steps are:

Crushing
Grinding
Flotation
Pug Roasting
SOP Crystallisation
Ion Exchange
Solvent Extraction
Uranium and Vanadium Precipitation
Mixed Metals Precipitation
Residue Handling

Next Steps

The results for the PEA, using the base case assumptions, indicate that the Viken Deposit has both technical and financial merit. The project's next steps include:

Drilling to convert Inferred Mineral Resources to the Indicated classification;
An extensive program of confirmatory, variability, and optimization testwork to improve confidence in the proposed process flowsheets, validate recovery assumptions, reduce technical uncertainty, and support future pre-feasibility level process design, engineering development, and cost estimation;
Geotechnical and hydrogeological drilling and studies; and
An environmental baseline study to characterize the existing features of the air, water and soil both on the Viken Property and in the surrounding area.

A technical report prepared in accordance with NI 43-101 on the PEA will be filed within 45 days of this news release on District's issuer profile on SEDAR+ at www.sedarplus.ca. Additional supporting details regarding the information in this news release, will be provided in the PEA technical report, including all qualifications, assumptions and exclusions that relate to the PEA. The PEA technical report is intended to be read as a whole, and sections should not be read or relied upon out of context.

Viken Mineral Resource1 Estimate and Geology5

The Viken Mineral Resource Estimate ("MRE") has been prepared in accordance with NI 43-101, has effective date of April 25, 2025, and takes into account the results from a total of 122 drill holes (by previous operators between 2006 and 2012) on the Viken Property, which consists of the Viken nr 1, Norr Viken, Lill Viken, Norra Leden, and Storviken mineral licenses that are 100% owned by the Company. The spacing of the drill holes ranges from 30 to 380 metres and averages approximately 300 metres. The mineralized Alum Shale extends under the entire Viken Property and beyond its boundaries.

The principal assay laboratory, ALS Minerals in Piteå, Sweden, used three different certified reference materials to monitor the accuracy of copper, nickel, uranium and zinc analytical results. Two of the standards were certified for copper, nickel and zinc, whereas the third one was certified for copper, nickel, uranium and zinc. For QA/QC purposes, every 25th sample was sent to a second laboratory for re-analysis. Analyses were performed by ALS Chemex in Öjebyn and ALS Analytica in Luleå, Sweden. There were a total of 48 certified reference materials inserted by the lab for the drill programs.

Table 5: 2025 Pit-Constrained Mineral Resource Estimate for the Viken Deposit(1-8)

Indicated	Tonnes M	U3O8 ppm	V2O5 ppm	Mo ppm	Ni ppm	Cu ppm	Zn ppm	P2O5 ppm	Ce2O3 ppm	Y2O3 ppm	La2O3 ppm	K2O %
	456	175	2,836	257	330	113	411	2,461	88	492	7	3.84
		Mlb						Mt
	Contained Metal	176	2,851	258	332	114	413	1.12	0.04	0.22	0.00	17.53

Inferred	Tonnes M	U3O8 ppm	V2O5 ppm	Mo ppm	Ni ppm	Cu ppm	Zn ppm	P2O5 ppm	Ce2O3 ppm	Y2O3 ppm	La2O3 ppm	K2O %
	4,333	161	2,543	240	321	118	417	2,541	88	528	7	3.70
		Mlb						Mt
	Contained Metal	1,538	24,295	2,293	3,067	1,127	3,984	11.01	0.38	2.29	0.03	160.27

Notes:

Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
The Inferred Mineral Resource in this MRE has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.
The Mineral Resource in this MRE was estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions (2014) and Best Practices Guidelines (2019) prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council.
The MRE was based on consensus economics forecast US$ metal prices of $72/lb U3O8, $5/lb V2O5, $17/lb Mo, $8.50/lb Ni, $4.25/lb Cu and $1.30/lb Zn with respective process recoveries of 80%, 80%, 70%, 70%, 50% and 75%.
Overburden, waste and mineralized US$ mining costs per tonne mined were respectively $2.00, $2.50 and $3.00.
Processing and G&A US$ costs per tonne processed were respectively $20 and $2.
Constraining pit shell slopes were 45 degrees.
The PEA does not include, nor is it based upon, the Inferred Mineral Resource Estimate.

The Viken Deposit is hosted within the Cambrian Viken Shale, which is regionally extensive in Sweden and referred to as the Alum Shale. The Alum Shale is enriched in metals such as vanadium, uranium, molybdenum, zinc, copper and nickel.

The stratigraphy across the Viken property consists of upper Middle and Upper Cambrian age Alum Shale occurring as both in situ and fault-detached blocks. The latter having greater potential for economic mineralization, due to imbrication of mineralized blocks. The Alum Shale is mostly exposed at surface and is underlain by Proterozoic granites and gneisses thrust eastward over Archean granitoid basement rocks. The thickness of the Alum Shale host rock has been tectonically increased from 20 to 30 m to approximately 180 m by thrusting and folding during the Silurian.

Mineralization of potential economic significance is hosted in Middle and Upper Cambrian Alum Shale, with the Upper Cambrian age strata more enriched in vanadium and uranium than the Middle Cambrian. Vanadium is held in the lattice of a mica mineral named roscoelite. Uranium values are predominantly associated with sub-micrometric uraninite crystals. Nickel, molybdenum, copper and zinc are present as sulphides.

The previous technical report on the Viken Deposit recognized additional targets for further exploration with a potential range of 980 to 1,040 million tonnes at grade ranges of 140 to 180 ppm U3O8, 2,170 to 2,740 ppm V2O5 and 210 to 260 ppm Mo. These targets for further exploration are based on the estimated strike length, depth and width of the mineralization, as supported by intermittently spaced drill holes and observations of mineralized outcrops. The targets for further exploration are located adjacent to the margins of the current MRE.

The potential quantities and grades of the targets for further exploration are conceptual in nature. There has been insufficient work done by a qualified person to define these estimates as Mineral Resources. The Company is not treating these estimates as Mineral Resources, and readers should not place undue reliance on these estimates. Even with additional work, there is no certainty that these estimates will be classified as Mineral Resources. In addition, there is no certainty that these estimates will prove to be economically recoverable.

References

1 See "Cautionary Note Regarding Non-GAAP Financial Measures" below.
2 api.newsfilecorp.com api.newsfilecorp.com api.newsfilecorp.com Technical Report titled "Updated Mineral Resource Estimate and Technical Report on the Viken Energy Metals Project, Jämtland County, Sweden," prepared for District Metals Corp., dated June 13, 2025 with an effective date of April 25, 2025.

Technical Information

All scientific and technical information in this news release has been prepared by, or approved by Garrett Ainsworth, P.Geo, President and CEO of the Company and Eugene Puritch, P.Eng, FEC, CET, President of P&E Mining Consultants Inc. Messrs. Ainsworth and Puritch are each a Qualified Person for the purposes of NI 43-101. Mr. Puritch is independent of the Company. Mr. Puritch is responsible for reporting Mineral Resources for the Viken Deposit. Additional P&E independent Qualified Persons contributing to the PEA are Andrew Bradfield, P.Eng., William Stone, PhD, P.Geo., Fred Brown, P.Geo., David Burga, P.Geo., Jarita Barry, P.Geo. and D. Grant Feasby, P.Eng. The METS independent Qualified Person contributing to the PEA is Damian Connelly, FAusIMM (CP) Met. MMSA. FIEAust.

Cautionary Note Regarding Non-GAAP Financial Measures

Alternative performance measures in this news release such as "cash cost", "AISC" "free cash flow" are furnished to provide additional information. These non-GAAP performance measures are included in this news release because these statistics are used as key performance measures that management uses to monitor and assess performance of the Viken Deposit, and to plan and assess the overall effectiveness and efficiency of mining operations. These performance measures do not have a standard meaning within International Financial Reporting Standards ("IFRS") and, therefore, amounts presented may not be comparable to similar data presented by other mining companies. These performance measures should not be considered in isolation as a substitute for measures of performance in accordance with IFRS.

Cash Costs

Cash costs include site operating costs (mining, processing, site G&A), refinery costs and royalties, but excludes head office G&A and exploration expenses. While there is no standardized meaning of the measure across the industry, the Company believes that this measure is useful to external users in assessing operating performance.

All-In Sustaining Cost

Site level AISC includes cash costs and sustaining and expansion capital, but excludes head office G&A and exploration expenses. The Company believes that this measure is useful to external users in assessing operating performance and the Company's ability to generate free cash flow from potential operations.

Free Cash Flow

Free cash flows are revenues net of operating costs, royalties, capital expenditures and cash taxes. The Company believes that this measure is useful to the external users in assessing the Company's ability to generate cash flows from the Viken Deposit.

About District Metals Corp.

District Metals Corp. is led by industry professionals with a track record of success in the mining industry. The Company's mandate is to seek out, explore, and develop prospective mineral properties through a disciplined science-based approach to create shareholder value and benefit other stakeholders. District is a 2025 TSX Venture 50 company, ranking among the top-performing issuers on the TSX Venture Exchange in the past year.

District is a uranium polymetallic exploration and development company focused on its flagship Viken Property in Sweden. The Viken Property covers 100% of the Viken Deposit, which contains the largest undeveloped Mineral Resource Estimate of uranium in the world along with significant Mineral Resource Estimates of vanadium, potash, molybdenum, nickel, copper, zinc, and other important and critical raw materials.

For further information on the Viken Property, please see the technical report entitled "NI 43-101 Updated Mineral Resource Estimate and Technical Report on the Viken Energy Metals Project, Jämtland County, Sweden" dated effective April 25, 2025, which is available on SEDAR+ at www.sedarplus.ca.

On Behalf of the Board of Directors

"Garrett Ainsworth"

President and Chief Executive Officer
(604) 288-4430

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This is information that District Metals is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact persons set out above on June 2, 2026, at 9:56am ET. The Company's certified advisor on Nasdaq First North Growth Market is Bergs Securities AB, +46 739 49 62 50, ca@bergssecurities.se.

Cautionary Statement Regarding "Forward-Looking Information"

This news release contains certain statements that may be considered "forward-looking information" with respect to the Company within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects" or "does not expect", "is expected", "an opportunity exists", "is positioned", "estimates", "intends", "assumes", "anticipates" or "does not anticipate" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur" or "be achieved" and any similar expressions. In addition, any statements that refer to expectations, predictions, indications, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events. Forward-looking information in this news release relating to the Company include, among other things, statements relating to uranium and Alum Shale mining regulation in Sweden; the economic parameters of the PEA and the Viken Deposit; potential of the Viken Deposit; targets for further exploration; the anticipated timeline for completion of the technical report; mineral resource estimates; the cost and timing of any development of the Viken Deposit; the proposed mine plan and mining methods; mining recoveries; processing method and rates; production rates; projected metallurgical recovery rates; infrastructure requirements; capital and operating cost estimates; the projected LOM and other expected attributes of the Viken Deposit; the NPV, IRR and payback period of capital; the uranium industry and uranium prices; government regulations and permitting; estimates of reclamation obligations and closure costs; requirements for additional capital; expectations with respect to project development and permitting, construction and operational processes; availability of services to be provided by third parties; future development methods and plans; and other activities, events or developments that are expected, anticipated or may occur in the future.

These statements and other forward-looking information are based on opinions, assumptions and estimates made by the Company in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that the Company believes are appropriate and reasonable in the circumstances, as of the date of this news release, including, without limitation, the reliability of exploration and drill results; reliability of data and the accuracy of publicly reported information regarding current, past and historic mines in the Bergslagen district and in respect of the Swedish properties; uranium and Alum Shale exploration and mining regulation in Sweden; the Company's ability to raise sufficient capital to fund planned exploration activities, maintain corporate capacity; stability in financial and capital markets; the Company's ability to complete its planned exploration programs; the absence of adverse conditions at mineral properties; no unforeseen operational delays; no material delays in obtaining necessary permits; the price of metals remaining at levels that render mineral properties economic.

Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by the Company as of the date such statements are made, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to risks associated with the following: the results of the inquiry into the mining of Alum Shale in Sweden and the possibility that it will be the subject of a municipal veto; uranium exploration and mining regulation in Sweden; the reliability of historic data on District's properties; the Company's ability to raise sufficient capital to finance planned exploration; the Company's limited operating history; the Company's negative operating cash flow and dependence on third-party financing; the uncertainty of additional funding; the uncertainties associated with early stage exploration activities including general economic, market and business conditions, the regulatory process, failure to obtain necessary permits and approvals, technical issues, potential delays, unexpected events and management's capacity to execute and implement its future plans; the Company's ability to identify Mineral Resources and Mineral Reserves; the substantial expenditures required to establish Mineral Reserves through drilling and the estimation of Mineral Reserves or Mineral Resources; the uncertainty of estimates used to calculated mineralization figures; changes in governmental regulations; compliance with applicable laws and regulations; competition for future resource acquisitions and skilled industry personnel; reliance on key personnel; title matters; conflicts of interest; environmental laws and regulations and associated risks, including climate change legislation; land reclamation requirements; changes in government policies; volatility of the Company's share price; the unlikelihood that shareholders will receive dividends from the Company; potential future acquisitions and joint ventures; infrastructure risks; fluctuations in demand for, and prices of metals; fluctuations in foreign currency exchange rates; legal proceedings and the enforceability of judgments; going concern risk; risks related to the Company's information technology systems and cyber-security risks; and risk related to the outbreak of epidemics or pandemics or other health crises. These factors and assumptions are not intended to represent a complete list of the factors and assumptions that could affect the Company. These factors and assumptions, however, should be considered carefully. Although the Company has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking information or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Also, many of such factors are beyond the control of the Company. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release, and the Company assumes no obligation to publicly update or revise such forward-looking information, except as required by applicable securities laws.

S&P Global Market Intelligence - Market Intelligence Research

Source: District Metals Corp.

[LoneClone] PMET Resources: New High-grade Lithium, Caesium, and Tantalum Pegmatite Discover...

LoneClone — 6/2/2026 2:29:59 PM

PMET Resources: New High-grade Lithium, Caesium, and Tantalum Pegmatite Discoveries in Surface Exploration Works

Français
PMET's premier James Bay - Quebec geology delivers further exploration success with 2.94% Li2O, 16.43% Cs2O, and 3,768ppm Ta2O5 in surface samples at its Pontois, Shaakichiuwaanaan, and Pontax properties, respectively.

newswire.ca

News provided by PMET Resources Inc. Jun 02, 2026, 07:00 ET

MONTREAL, June 2, 2026 /CNW/ - June 3, 2026 – Sydney, Australia

HIGHLIGHTS

Figure 1: Location of the Company’s portfolio of properties in the Eeyou Istchee James Bay, Quebec. (CNW Group/PMET Resources Inc.)

Figure 2: Mineralized LCT pegmatite outcrop occurrences Shaakichiuwaanaan and Pikwa. (CNW Group/PMET Resources Inc.)

Figure 3: Channel sample at the newly discovered Cosma Caesium Pegmatite, assaying 0.5 m at 16.43% Cs2O. (CNW Group/PMET Resources Inc.)

Figure 4: Compilation of surface sampling results along the Mickel LCT Pegmatite Trend (part of the greater CV Lithium Trend) at Shaakichiuwaanaan, now extending onto the adjacent Pikwa Property. (CNW Group/PMET Resources Inc.)

Figure 5: Compilation of surface sampling results between the Skald (Pontois) and CV4 (Shaakichiuwaanaan) LCT pegmatites. (CNW Group/PMET Resources Inc.)

Figure 6: Summary of LCT pegmatite showings at the Pontax Property (Block C). (CNW Group/PMET Resources Inc.)

New high-grade caesium pegmatite discovery ("Cosma") situated ~22 km west of the cornerstone CV5 Pegmatite Deposit on the Shaakichiuwaanaan Property:
- Outcrop grab assay of 9.42% Cs2O and 267 ppm Ta2O5.
- Channel assay of 4.4 m at 3.61% Cs2O and 609 ppm Ta2O5, including 0.5 m at 16.43% Cs2O.
Emerging spodumene pegmatite discovery ("Felix"), located near the western margins of Shaakichiuwaanaan, proximal to the recently acquired Pikwa Property and its Drakkar spodumene pegmatite:
- Outcrop assays including 1.80% Li2O and 1.21% Li2O.
- Multiple mineralized outcrops over ~450 m trend.
- Drakkar Pegmatite (2.45% Li2O) situated ~550 m to the southwest.
Collectively, the Cosma, Felix, and Drakkar Li-Cs-Ta ("LCT") pegmatite clusters extend the prospective Mickel Trend to ~10.5 km in length – from CV9 to Drakkar, with only ~450 m of strike drill tested at CV9.
New spodumene pegmatite discovery ("Skald") at the Pontois Property, with outcrop assay of 2.94% Li2O.
New caesium pegmatite discovery ("Overload") at the Pontax Property, with outcrop assay of 7.53% Cs2O and 3,768 ppm Ta2O5.

Darren L. Smith, Executive Vice President Exploration for the Company, comments: "The recent surface exploration at Shaakichiuwaanaan has delivered multiple new discoveries with strong results that continue to support the scale and growth potential for lithium, caesium, and tantalum across the Property. The discovery of a new caesium-rich LCT pegmatite occurrence (Cosma), located along the highly prospective Mickel Trend – which also hosts the CV9, CV10, CV14, and CV15 pegmatites – supports the presence of a large, highly-evolved, and fertile LCT pegmatite system within the western area of the Property, which has seen only limited drill testing to date.

Additionally, the presence of well-mineralized LCT pegmatites at Pikwa, Pontois, and Pontax demonstrates the strength and prospectivity of the Company's broader portfolio of properties," added Mr. Smith.

PMET RESOURCES INC. (THE "COMPANY" OR "PMET") (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to announce multiple new Li-Cs-Ta ("LCT") pegmatite discoveries at its flagship Shaakichiuwaanaan Property, as well as at its broader portfolio of properties (Pikwa, Pontois, and Pontax), all located in Eeyou Istchee James Bay, Quebec (Figure 1).

In addition to the Company's core discoveries and resources at the CV5 and CV13 pegmatites, exploration activities continue within the near-field core Shaakichiuwaanaan area and across the adjacent regional tenure (Figure 2). Collectively, the Shaakichiuwaanaan, Pikwa, and Pontois properties cover more than 70 km of continuous and highly prospective greenstone belt, which the Company believes to be the most significant trend for LCT pegmatites in North America.

The Shaakichiuwaanaan Property is the Company's flagship asset and hosts one of the largest pegmatite Mineral Resources1 (Li, Cs, Ta) and Mineral Reserves2 (Li) in the world (Figure 1 and Figure 2), situated approximately 13 km south of the regional and all-weather Trans-Taiga Road (accessible year-round by road) and Hydro Quebec infrastructure corridor. The Company recently announced a robust lithium-only Feasibility Study for the CV5 Pegmatite, which positions the Project as a potential North American critical mineral powerhouse (see news release dated October 20, 2025).

___________________________________

1 Consolidated MRE (CV5 + CV13 pegmatites) totals 108.0 Mt at 1.40% Li2O and 166 ppm Ta2O5 (Indicated), and 33.4 Mt at 1.33% Li2O and 155 ppm Ta2O5 (Inferred), at an Li2O cut-off grade of 0.40% (open-pit), 0.60% (underground CV5), and 0.70% (underground CV13). A grade constraint of 0.50% Cs2O was used to model the Rigel and Vega caesium zones, contained entirely within CV13, with a MRE of 0.69 Mt at 4.40% Cs2O (Indicated), and 1.70 Mt at 2.40% Cs2O (Inferred). The Effective Date is June 20, 2025. Mineral Resources are not Mineral Reserves as they do not have demonstrated economic viability. Mineral Resources are inclusive of Mineral Reserves.

2 Probable Mineral Reserve of 84.3 Mt at 1.26% Li2O at the CV5 Pegmatite with a cut-off grade is 0.40% Li2O (open-pit) and 0.70% Li2O (underground). Underground development and open-pit marginal tonnage containing material above 0.37% Li2O are also included in the statement. The Effective Date is September 11, 2025. See Feasibility Study news release dated October 20, 2025.

SHAAKICHIUWAANAAN (PLUS PIKWA AND PONTOIS)

Cosma LCT Pegmatite

Several outcropping and well-mineralised LCT pegmatite discoveries have been made at Shaakichiuwaanaan in recent surface exploration. This includes the Cosma Pegmatite (outcrop), which returned significant grades of caesium and tantalum in initial grab sampling in 2025 – 9.42% Cs2O and 267 ppm Ta2O5 (0.01% Li2O). Follow-up channel sampling returned 4.4 m at 3.61% Cs2O and 609 ppm Ta2O5, including 0.5 m at 16.43% Cs2O (CH25-133), confirming the significance of the surface exposure (Figure 2 and Figure 3).

The Cosma Pegmatite is expressed at surface as a ~8 x 4 m white outcrop and is open in multiple directions. The outcrop is situated approximately 2.5 km along trend to the west-southwest of the CV15 pegmatite cluster and – together with the Felix and Drakkar spodumene pegmatites discussed below – now extends the Mickel LCT Pegmatite Trend to ~10.5 km (from the previous 5.5 km) (Figure 4). Of this ~10.5 km length, only the CV9 Pegmatite – at the eastern-most end of the trend – has been drill tested. Drill results at CV9 include 30.6 m at 0.80% Li2O (CV23-345), 10.8 m at 1.00% Li2O (CV23-267), and 7.7 m at 1.35% Li2O (CV23-333), with an area of the pegmatite estimated at up to 80 m true width, demonstrating significant scale potential (see news release dated April 8, 2024).

Cosma is the westernmost occurrence of caesium pegmatite encountered at Shaakichiuwaanaan to date. The discovery is very encouraging, as most caesium deposits (apart from the world-class Vega Caesium Zone at the CV13 Pegmatite held by the Company) tend to be on the order of tens- to hundreds-of-thousands of tonnes. Therefore, relatively small occurrences can mark very material discoveries – especially when exposed at surface. The Company intends to follow-up on this discovery during the 2026 surface program.

A total of 355 rock samples (outcrop, boulder, and channels) were collected during the 2025 exploration of the Shaakichiuwaanaan Property, with results ranging from <0.01 to 4.51% Li2O, <5 to 2,580 ppm Ta2O5, and <0.01 to 16.43% Cs2O. Exploration was focused on LCT pegmatite.

Felix & Drakkar LCT Pegmatites

Additionally, the Company is pleased to announce an emerging discovery of LCT Pegmatite called Felix, located near the western margins of the Shaakichiuwaanaan Property, proximal to the recently acquired Pikwa Property and its Drakkar Spodumene Pegmatite. The Felix Pegmatite is characterized by a cluster of multiple mineralized outcrops spread over a ~450 m trend, with assays including 1.80% Li2O and 1.21% Li2O in outcrop. Channel sampling at Felix is planned for the 2026 exploration field program.

The Drakkar LCT Pegmatite (2.45% Li2O in outcrop), discovered by Azimut Exploration and Soquem, is situated ~550 m to the southwest of the Felix Pegmatite on the adjoining Pikwa Property, which is now held 100% by the Company (see news release dated November 12, 2025). The Company is currently designing an inaugural surface exploration program at Pikwa, which will be focused on LCT pegmatite. Historical exploration of the Pikwa Property was focused on base and precious metals with several notable discoveries including the Hyperion Prospect3 (7.17 g/t Au in outcrop) and the Copperfield Prospect4 (13.45 g/t Au, 9.81 % Cu, and 37.6 g/t Ag in outcrop). However, the primary greenstone belt trend has seen only limited exploration focused on LCT pegmatite (Figure 5).

Skald LCT Pegmatite

The Skald LCT Pegmatite was discovered in 2025 during surface exploration of the Pontois Property, which is situated immediately adjacent to the western border of the Pikwa Property (Figure 5). The Skald Pegmatite is characterized by a spodumene-bearing pegmatite outcrop of ~2 m x 3 m in size (open), with a sample assay of 2.94% Li2O and 60 ppm Ta2O5. The discovery is very promising as it highlights the potential of the ~12 km's of highly prospective greenstone belt corridor at the Pikwa Property where only limited LCT pegmatite exploration has been completed historically.

Coupled with Pikwa and Shaakichiuwaanaan, the Company controls more than 70 km of the La Grande Greenstone Belt, which is considered highly prospective for LCT pegmatite and is host to the world-class CV5 (Li-Ta) and CV13 (Li-Cs-Ta) pegmatite deposits currently under development.

A total of 69 rock samples (outcrop and boulder) were collected during the 2025 exploration of the Pontois Property, with results ranging from <0.01 to 2.94% Li2O, <5 to 60 ppm Ta2O5, and <0.01% to 0.077% Cs2O. Exploration was focused on LCT pegmatite.

_________________________________

3 See Azimut Exploration news release dated May 17, 2023.

4 See Azimut Exploration news released dated October 6, 2020.

Pontax

In 2025, surface exploration of the Company's Pontax Property resulted in the discovery of the Overload Caesium-Tantalum Showing with an outcrop sample assaying 7.53% Cs2O and 3,768 ppm Ta2O5 (Figure 6). The sample was collected from a 0.5 - 1 m wide by >50 m long white pegmatite dyke, which remains open along strike. Although not identified during field observations, the presence of pollucite (and likely columbo-tantalite) are inferred given the grades, as well as mineralogy confirming the presence of both minerals at the nearby Resisto Showing.

Next to Pikwa, the Pontax Property is the most advanced regional asset in the Company's portfolio. Prior exploration has discovered a multi-kilometre long trend containing a significant number of well-mineralized (in Li and Ta) LCT pegmatite outcrops – namely, Resisto (2.86% Li2O; 9,152 ppm Ta2O5), Inducto (2.69% Li2O; 397 ppm Ta2O5), and Capacito (3.81% Li2O; 365 ppm Ta2O5) (Figure 5). The Resisto Showing is the most significant occurrence, characterized by a swarm of white pegmatite outcrops, with channel sampling (completed in 2022) returning considerable tantalum grades – 12.1 m at 0.55% Li2O and 2,166 ppm Ta2O5, including 4.0 m at 4,596 ppm Ta2O5.

The Overload Showing is situated approximately 1.6 km along strike of the Resisto Showing, with the prospective trend now expanded to over 3.7 km between Capacito and Overload. None of the showings along this trend have been drill tested.

A total of 54 rock samples (outcrop and boulder) were collected during the 2025 exploration of the Pontax Property with results ranging from <0.01% to 2.65% Li2O, <5 to 3,768 ppm Ta2O5, and <0.01% to 7.53% Cs2O. Additionally, one sample collected from an amphibolite outcrop, approximately 35 m from the Overload Showing, assayed 1.02 g/t Au, 17 g/t Ag, and 1.11% Cu (the "Subordi" Showing). Exploration was focused on LCT pegmatite.

Next Steps

The 2025 surface exploration programs at Shaakichiuwaanaan, Pontois, and Pontax, included geological mapping, regional prospecting, and surface sampling and was focused on the discovery of new LCT pegmatite occurrences. Collectively, over 400 rock samples were collected in 2025, with notable LCT pegmatite occurrences discovered at each of the three properties. The discoveries highlight the prospective nature of the Company's broader portfolio of properties, and further enhance the prospectivity of its flagship Shaakichiuwaanaan asset.

The Company is currently planning follow-up surface work in 2026 at its Shaakichiuwaanaan, Pikwa (inaugural program), and Eastmain properties, and is evaluating options for the next stage of exploration at Pontax.

QUALITY ASSURANCE / QUALITY CONTROL (QAQC)

The Company has relied on internal laboratory checks and blank / certified reference material insertion for surface rock samples. Management cautions that prospecting surface rock samples and associated assays, as discussed herein, are selective by nature and represent a point location, and therefore may not necessarily be fully representative of the mineralized horizon sampled.

All surface samples collected were shipped to SGS Canada's laboratory in Val-d'Or, QC, for sample preparation (code PRP90 special) which includes drying at 105°C, crush to 90% passing 2 mm, riffle split 250 g, and pulverize 85% passing 75 microns. The pulps were shipped by air to SGS Canada's laboratory in Burnaby, BC, where the samples were homogenized and subsequently analyzed for multi-element (including Li and Ta) using sodium peroxide fusion with ICP-AES/MS finish (codes GE_ICP91A50 and GE_IMS91A50). Overlimits for Cs were completed at SGS Canada's laboratory in Lakefield, ON, by borate-fusion XRF (code GC_XRF76V).

QUALIFIED/COMPETENT PERSON

The technical and scientific information in this news release that relates to the Mineral Resource Estimate and exploration results for the Company's properties is based on, and fairly represents, information compiled by Mr. Darren L. Smith, M.Sc., P.Geo., who is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"), and member in good standing with the Ordre des Géologues du Québec (Geologist Permit number 01968), and with the Association of Professional Engineers and Geoscientists of Alberta (member number 87868). Mr. Smith has reviewed and approved the related technical information in this news release.

Mr. Smith is an Executive and Vice President of Exploration for PMET Resources Inc. and holds common shares, Restricted Share Units (RSUs), Performance Share Units (PSUs), and options in the Company.

The information in this news release that relates to the Mineral Reserve Estimate and Feasibility Study is based on, and fairly represents, information compiled by Mr. Frédéric Mercier-Langevin, Ing. M.Sc., who is a Qualified Person as defined by NI 43-101, and member in good standing with the Ordre des Ingénieurs du Québec. Mr. Mercier-Langevin has reviewed and approved the related technical information in this news release.

Mr. Mercier-Langevin is the Chief Operating and Development Officer for PMET Resources Inc. and holds common shares, RSUs, PSUs, and options in the Company.

ABOUT PMET RESOURCES INC.

PMET Resources Inc. is a pegmatite critical mineral exploration and development company focused on advancing its district-scale 100%-owned Shaakichiuwaanaan Property located in the Eeyou Istchee James Bay region of Quebec, Canada, which is accessible year-round by all-season road and proximal to regional hydro-power infrastructure.

In late 2025, the Company announced a positive lithium-only Feasibility Study on the CV5 Pegmatite for the Shaakichiuwaanaan Property and declared a maiden Mineral Reserve of 84.3 Mt at 1.26% Li2O (Probable)5. The study outlines the potential for a competitive and globally significant high-grade lithium project targeting up to ~800 ktpa spodumene concentrate using a simple Dense Media Separation ("DMS") only process flowsheet. Further, the results highlight Shaakichiuwaanaan as a potential North American critical mineral powerhouse with significant opportunity for tantalum and caesium in addition to lithium.

The Project hosts a Consolidated Mineral Resource6 totalling 108.0 Mt at 1.40% Li2O and 166 ppm Ta2O5 (Indicated) and 33.4 Mt at 1.33% Li2O and 155 ppm Ta2O5 (Inferred), and ranks as a top ten lithium pegmatite globally in size. Additionally, the Project hosts the world's largest pollucite-hosted caesium pegmatite Mineral Resource at the Rigel and Vega zones with 0.69 Mt at 4.40% Cs2O (Indicated), and 1.70 Mt at 2.40% Cs2O (Inferred).

For further information, please contact us at info@pmet.ca or by calling +1 (604) 279-8709, or visit www.pmet.ca. Please also refer to the Company's continuous disclosure filings, available under its profile at www.sedarplus.ca and www.asx.com.au, for available exploration data.

This news release has been approved by

"KEN BRINSDEN"

Kenneth Brinsden, President, CEO, & Managing Director

__________________________________

5 See Feasibility Study news release dated October 20, 2025. Probable Mineral Reserve cut-off grade is 0.40% Li2O (open-pit) and 0.70% Li2O (underground). Underground development and open-pit marginal tonnage containing material above 0.37% Li2O are also included in the statement. Effective Date of September 11, 2025.

6 The Consolidated MRE (CV5 + CV13 pegmatites), which includes the Rigel and Vega caesium zones, is reported at a cut-off grade of 0.40% Li2O (open-pit), 0.60% Li2O (underground CV5), and 0.70% Li2O (underground CV13). A grade constraint of 0.50% Cs2O was used to model the Rigel and Vega caesium zones. The Effective Date is June 20, 2025 (through drill hole CV24-787). Mineral Resources are not Mineral Reserves as they do not have demonstrated economic viability. Mineral Resources are inclusive of Mineral Reserves.

DISCLAIMER FOR FORWARD-LOOKING INFORMATION

This news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable securities laws.

All statements, other than statements of present or historical facts, are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are typically identified by words such as "continue", "support", "potential", "to date", "prospectivity", "intends", "follow-up", "2026 program", "development", "next steps", "progress" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

Forward-looking statements include, but are not limited to, statements concerning the scale and growth potential for lithium, caesium and tantalum across the Property, the presence of a large and highly-evolved LCT pegmatite system within the western area of the Property, the strength and prospectivity of the Company's broader portfolio, the Project's potential as a North American critical mineral powerhouse, the Company's ability to follow-up on the Cosma discovery during the 2026 surface program, the prospectivity of the Company's flagship Shaakichiuwaanaan asset, the Company's ability to follow-up on surface work at Shaakichiuwaanaan and Pikwa (inaugural program) in 2026 and further progress exploration at Pontax.

Forward-looking statements are based upon certain assumptions and other important factors that, if untrue, could cause actual results to be materially different from future results expressed or implied by such statements. There can be no assurance that forward-looking statements will prove to be accurate. Key assumptions upon which the Company's forward-looking information is based include, without limitation, the ability to make discoveries, the potential of each of tantalum, lithium, caesium as a co-product, the ability to complete an updated Feasibility Study for the CV5 Pegmatite with the addition of tantalum as a co-product, as well as a Preliminary Economic Assessment for the broader Project inclusive of lithium, caesium, and tantalum, that proposed exploration work on the Property and the results therefrom will continue as expected, the accuracy of reserve and resource estimates, the classification of resources and the assumptions on which the reserve and resource estimates are based, long-term demand for lithium (spodumene), tantalum (tantalite), and caesium (pollucite) supply, and that exploration and development results continue to support management's current plans for the Property's development.

Forward-looking statements are also subject to risks and uncertainties facing the Company's business, any of which could have a material adverse effect on the Company's business, financial condition, results of operations and growth prospects. Readers should review the detailed risk discussion in the Company's most recent Annual Information Form filed on SEDAR+, for a fuller understanding of the risks and uncertainties that affect the Company's business and operations.

Although the Company believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate. If any of the risks or uncertainties mentioned above, which are not exhaustive, materialize, actual results may vary materially from those anticipated in the forward-looking statements.

The forward-looking statements contained herein are made only as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law. The Company qualifies all of its forward-looking statements by these cautionary statements.

COMPETENT PERSON STATEMENT (ASX LISTING RULES)

The information in this news release that relates to the Feasibility Study ("FS") for the Shaakichiuwaanaan Project, which was first reported by the Company in a market announcement titled "PMET Resources Delivers Positive CV5 Lithium-Only Feasibility Study for its Large-Scale Shaakichiuwaanaan Project" dated October 20, 2025 (Montreal time) is available on the Company's website at www.pmet.ca, on SEDAR+ at www.sedarplus.ca and on the ASX website at www.asx.com.au. The production target from the Feasibility Study referred to in this news release was reported by the Company in accordance with ASX Listing Rule 5.16 on the date of the original announcement. The Company confirms that, as of the date of this news release, all material assumptions and technical parameters underpinning the production target in the original announcement continue to apply and have not materially changed.

The Mineral Resource and Mineral Reserve Estimates in this release were first reported by the Company in accordance with ASX Listing Rule 5.8 in market announcements titled "World's Largest Pollucite-Hosted Caesium Pegmatite Deposit" dated July 20, 2025 (Montreal time) and "PMET Resources Delivers Positive CV5 Lithium-Only Feasibility Study for its Large-Scale Shaakichiuwaanaan Project" dated October 20, 2025 (Montreal time) and are available on the Company's website at www.pmet.ca, on SEDAR+ at www.sedarplus.ca and on the ASX website at www.asx.com.au. The Company confirms that, as of the date of this news release, it is not aware of any new information or data verified by the competent person that materially affects the information included in the relevant announcement and that all material assumptions and technical parameters underpinning the estimates in the relevant announcement continue to apply and have not materially changed. The Company confirms that, as at the date of this announcement, the form and context in which the competent person's findings are presented have not been materially modified from the original market announcement.

APPENDIX 1 – JORC CODE 2012 TABLE 1 (ASX LISTING RULE 5.7.1)

Section 1 – Sampling Techniques and Data

Criteria	JORC Code explanation	Commentary
Sampling techniques	Nature and quality of sampling (eg cut channels, random chips, or specific specialized industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. Aspects of the determination of mineralization that are Material to the Public Report. In cases where 'industry standard' work has been done this would be relatively simple (eg 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverized to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralization types (eg submarine nodules) may warrant disclosure of detailed information.	Prospecting rock samples were collected as grab and/or chip samples and represent a point location. Channel sampling followed best industry practices with a 3 to 5 cm wide, saw-cut channel completed across the pegmatite outcrop as practical, perpendicular to the interpreted pegmatite strike. Samples were collected at ~0.5 to 1 m contiguous intervals with the channel bearing noted, and GPS coordinate collected at the start and end points of the channel. Surface samples collected were shipped to SGS Canada's laboratory in Val-d'Or, QC, for sample preparation (code PRP90 special) which included drying at 105°C, crush to 90% passing 2 mm, riffle split 250 g, and pulverize 85% passing 75 microns. Surface sample pulps were shipped by air to SGS Canada's laboratory in Burnaby, BC, where the samples were homogenized and subsequently analysed for multi-element (including Li, Ta, and Cs) using sodium peroxide fusion with ICP-AES/MS finish (codes GE_ICP91A50 and GE_IMS91A50). Overlimits for Cs were completed at SGS Canada's laboratory in Lakefield, ON, by borate-fusion XRF (code GC_XRF76V). The Hyperion (535910 E, 5928948 N) and Copperfield (552749 E, 5934289 N) surface samples reported herein are historical samples collected in 2018 and 2019 respectively. Samples were analysed by ALS Chemex in Val-d'Or, QC, for Au by fire assay (code Au-AA24) and multi-element 4-acid (code ME-MS61). Overlimits for Au and Cu were determined by codes Au-GRA22 and Cu-OG62.
Drilling techniques	Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc).	N/A. No drill results reported.
Drill sample recovery	Method of recording and assessing core and chip sample recoveries and results assessed. Measures taken to maximize sample recovery and ensure representative nature of the samples. Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.	N/A. No drill results reported.
Logging	Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. The total length and percentage of the relevant intersections logged.	The logging is qualitative by nature, and includes estimates of spodumene grain size, inclusions, and model mineral estimates. These logging practices meet or exceed current industry standard practices. Surface sampling is not sufficient to support a mineral resource estimate.
Sub-sampling techniques and sample preparation	If core, whether cut or sawn and whether quarter, half or all core taken. If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. For all sample types, the nature, quality and appropriateness of the sample preparation technique. Quality control procedures adopted for all sub-sampling stages to maximize representivity of samples. Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling. Whether sample sizes are appropriate to the grain size of the material being sampled.	The Company relied predominantly on internal laboratory QAQC protocols for the surface rock samples with blanks and CRMs inserted at the geologist's discretion. All protocols employed are considered appropriate for the sample type and nature of mineralization and are considered the optimal approach for maintaining representativeness in sampling.and are considered the optimal approach for maintaining representativeness in sampling.
Quality of assay data and laboratory tests	The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established.	Surface samples collected were shipped to SGS Canada's laboratory in Val-d'Or, QC, for sample preparation (code PRP90 special) which included drying at 105°C, crush to 90% passing 2 mm, riffle split 250 g, and pulverize 85% passing 75 microns. Surface sample pulps were shipped by air to SGS Canada's laboratory in Burnaby, BC, where the samples were homogenized and subsequently analysed for multi-element (including Li, Ta, and Cs) using sodium peroxide fusion with ICP-AES/MS finish (codes GE_ICP91A50 and GE_IMS91A50). Overlimits for Cs were completed at SGS Canada's laboratory in Lakefield, ON, by borate-fusion XRF (code GC_XRF76V). The Company has primarily relied on the laboratory's internal QAQC. All protocols employed are considered appropriate for the sample type and nature of mineralization and are considered the optimal approach for maintaining representativeness in sampling. The Hyperion (535910 E, 5928948 N) and Copperfield (552749 E, 5934289 N) surface samples reported herein are historical samples collected in 2018 and 2019 respectively. Samples were analysed by ALS Chemex in Val-d'Or, QC, for Au by fire assay (code Au-AA24) and multi-element 4-acid (code ME-MS61). Overlimits for Au and Cu were determined by codes Au-GRA22 and Cu-OG62.
Verification of sampling and assaying	The verification of significant intersections by either independent or alternative company personnel. The use of twinned holes. Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. Discuss any adjustment to assay data.	N/A. No drill results reported. Adjustments to data include reporting lithium, caesium, and tantalum in their oxide forms, as it is reported in elemental form in the assay certificates. Formulas used are Li2O = Li x 2.153, Ta2O5 = Ta x 1.221, and Cs2O = Cs x 1.0602
Location of data points	Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. Specification of the grid system used. Quality and adequacy of topographic control.	A handheld GPS was used to collect coordinate data for each non-channel surface sample. Surface channel end-points were surveyed with an RTK Trimble Zephyr 3 to locate the individual channel samples therein. The coordinate system used is UTM NAD83 Zone 18. The Company completed a property-wide LiDAR and orthophoto survey in August 2022, which provides high-quality topographic control. The quality and accuracy of the topographic controls are considered adequate for advanced stage exploration and development, including mineral resource estimation.
Data spacing and distribution	Data spacing for reporting of Exploration Results. Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. Whether sample compositing has been applied.	Surface prospecting samples are randomly distributed based on the location of the outcrop or boulder. Therefore, this sampling is not applicable to mineral resource estimation. Channel samples, given an accurate grade over width locational control via surveying, may inform future mineral resource estimates.
Orientation of data in relation to geological structure	Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. If the relationship between the drilling orientation and the orientation of key mineralized structures is considered to have introduced a sampling bias, this should be assessed and reported if material.	N/A. No drill results reported.
Sample security	The measures taken to ensure sample security.	Samples were collected by Company staff or its consultants following specific protocols governing sample collection and handling. Samples were bagged, placed in large supersacs for added security, palleted, and shipped directly to Val-d'Or, QC, being tracked during shipment along with Chain of Custody. Upon arrival at the laboratory, the samples were cross-referenced with the shipping manifest to confirm all samples were accounted for. At the laboratory, sample bags are evaluated for tampering. As Hyperion and Copperfield samples are historical, the Company cannot verify that respective chain of custody.
Audits or reviews	The results of any audits or reviews of sampling techniques and data.	A review of the sample procedures for the Company's drill programs has been reviewed by several Qualified/Competent Persons through multiple NI 43-101 technical reports completed for the Company and deemed adequate and acceptable to industry best practices. The most recent Technical Report includes a review of sampling techniques and data through 2024 (drill hole CV24-787) in a technical report titled "CV5 Pegmatite Lithium-Only Feasibility Study NI 43-101 Technical Report, Shaakichiuwaanaan Project" with an Effective Date of October 20, 2025, and Issue Date of November 14, 2025. Additionally, the Company continually reviews and evaluates its procedures in order to optimize and ensure compliance at all levels of sample data collection and handling.

Section 2 – Reporting of Exploration Results

Criteria	JORC Code explanation	Commentary
Mineral tenement and land tenure status	Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.	The Shaakichiuwaanaan Property (formerly called "Corvette") is comprised of 463 Exclusive Exploration Rights ("EERs") located in the James Bay Region of Quebec, with Lithium Innova Inc. (wholly owned subsidiary of PMET Resources Inc.) being the registered title holder for all of the EERs. The northern border of the Property's primary EER block is located within approximately 6 km to the south of the Trans-Taiga Road and powerline infrastructure corridor. The CV5 Spodumene Pegmatite is accessible year-round by all-season road is situated approximately 13.5 km south of the regional and all–weather Trans-Taiga Road and powerline infrastructure. The CV13 and CV9 spodumene pegmatites are located approximately 3 km west-southwest and 14 km west of CV5, respectively. The Company holds 100% interest in the Property subject to various royalty obligations depending on original acquisition agreements. DG Resources Management holds a 2% NSR (no buyback) on 76 claims, D.B.A. Canadian Mining House holds a 2% NSR on 50 EERs (half buyback for $2M), OR Royalties holds a sliding scale NSR of 1.5-3.5% on precious metals, and 2% on all other products, over 111 EERs, and Azimut Exploration holds 2% NSR on 39 EERs. The Shaakichiuwaanaan Property does not overlap any atypically sensitive environmental areas or parks, or historical sites to the knowledge of the Company. There are no known hinderances to operating at the Property, apart from the goose harvesting season (typically mid-April to mid-May) where the communities request helicopter flying not be completed, and potentially wildfires depending on the season, scale, and location. EER expiry dates for the Shaakichiuwaanaan Property range from July 2026 to July 2028. The Pikwa, Pontois, and Pontax properties are comprised of 509, 31, and 80 Exclusive Exploration Rights ("EERs"), respectively, located in the James Bay Region of Quebec. The EERs are held 100% (with title transfer pending) by 14352891 Canada inc. (wholly owned subsidiary of PMET Resources Inc.). The Pikwa, Pontois, and Pontax properties are subject to royalties of 2% (no buyback), 2% (half buyback for $1M), and 3% (no buyback), respectively. EER expiry dates for the Pikwa Property range from June 2026 to February 2028, with renewals pending for multiple claims. EER expiry dates for the Pontois Property range from December 2027 to December 2028. EER expiry dates for the Pontax Property range from June 2026 to March 2027, with renewals pending for multiple claims.
Exploration done by other parties	Acknowledgment and appraisal of exploration by other parties.	At the Shaakichiuwaanaan Property, no previous exploration targeting LCT pegmatites has been conducted by other parties. For a summary of previous exploration undertaken by other parties at Shaakichiuwaanaan, please refer to the most recent NI 43-101 Technical Report. Historical exploration focused on base and precious metals. At the Pontois and Pontax Properties, no previous exploration targeting LCT pegmatites has been conducted by other parties. Historical exploration focused on base and precious metals. At the Pikwa Property, historical exploration focused on base and precious metals. However, exploration for LCT pegmatite was completed circa 2024 and is considered limited in nature compared to the overall exploration completed at the Property.
Geology	Deposit type, geological setting and style of mineralization.	The Shaakichiuwaanaan, Pikwa, and Pontois properties overlie a large portion of the Lac Guyer Greenstone Belt, considered part of the larger La Grande River Greenstone Belt and is dominated by volcanic rocks metamorphosed to amphibolite facies. The claim block is dominantly host to rocks of the Guyer Group (amphibolite, iron formation, intermediate to mafic volcanics, peridotite, pyroxenite, komatiite, as well as felsic volcanics). The amphibolite rocks that trend east-west (generally steeply south dipping) through this region are bordered to the north by the Magin Formation (conglomerate and wacke) and to the south by an assemblage of tonalite, granodiorite, and diorite, in addition to metasediments of the Marbot Group (conglomerate, wacke). Several regional-scale Proterozoic gabbroic dykes also cut through portions of the Property (Lac Spirt Dykes, Senneterre Dykes). The geological setting is prospective for multiple commodities over several different deposit styles including orogenic gold (Au), volcanogenic massive sulphide (Cu, Au, Ag), komatiite-ultramafic (Au, Ag, PGE, Ni, Cu, Co), and LCT pegmatite (Li, Cs, Ta, Ga, Rb). Exploration of the Shaakichiuwaanaan Property has outlined three primary mineral exploration trends crossing dominantly east-west over large portions of the Property – Golden Trend (gold), Maven Trend (copper, gold, silver), and CV Trend (lithium, caesium, tantalum). The CV4, CV5, CV8, CV12, and CV13 pegmatites are situated within the CV Trend. The pegmatites at Shaakichiuwaanaan are categorized as Li-Cs-Ta ("LCT") pegmatites. LCT mineralization at the Property is observed to occur within quartz-feldspar pegmatite. The pegmatite is often very coarse-grained and off-white in appearance, with darker sections commonly composed of mica and smoky quartz, and occasional tourmaline. Core assays and ongoing mineralogical studies, coupled with field mineral identification and assays confirm spodumene as the dominant lithium-bearing mineral on the Shaakichiuwaanaan Property, with no significant petalite, lepidolite, lithium-phosphate minerals, or apatite present. The spodumene crystal size of the pegmatites is typically decimeter scale, and therefore, very large. The pegmatites also carry significant tantalum (tantalite) and caesium (pollucite). Gallium is present in spodumene and feldspar via substitution with Al. The Pontax Property overlies a the Pontax/Chambois Greenstone Belt, extending southwest from the Eastmain River Greenstone Belt.
Drill hole Information	A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: easting and northing of the drill hole collar elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar dip and azimuth of the hole down hole length and interception depth hole length. If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.	N/A. No drill results reported.
Data aggregation methods	In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated. Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. The assumptions used for any reporting of metal equivalent values should be clearly stated.	N/A. No drill results reported.
Relationship between mineralization widths and intercept lengths	These relationships are particularly important in the reporting of Exploration Results. If the geometry of the mineralization with respect to the drill hole angle is known, its nature should be reported. If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg 'down hole length, true width not known').	N/A. No drill results reported.
Diagrams	Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported. These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.	Please refer to the figures included herein as well as those posted on the Company's website.
Balanced reporting	Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.	Reporting is balanced.
Other substantive exploration data	Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.	All work discussed below pertains to the Shaakichiuwaanaan Property. The Company is currently completing site environmental work over the CV5 and CV13 pegmatite area. No endangered flora or fauna have been documented over the Property to date, and several sites have been identified as potentially suitable for mine infrastructure. The Company has completed a bathymetric survey over the shallow glacial lake which overlies a portion of the CV5 Spodumene Pegmatite. The lake depth ranges from <2 m to approximately 18 m, although the majority of the CV5 Spodumene Pegmatite, as delineated to date, is overlain by typically <2 to 10 m of water. The Company has completed significant metallurgical testing comprised of HLS and magnetic testing, which has produced 6+% Li2O spodumene concentrates at >70% recovery on both CV5 and CV13 pegmatite material. A DMS test on CV5 Pegmatite material returned a Subsequent and more expansive DMS pilot programs completed, including with non-pegmatite dilution, produced results in line with prior testwork, confirming a DMS-only flowsheet is applicable. Piloting to date (using both drill core and boulders) has collectively produced over 4.5 tonnes of spodumene concentrate grading over 5.5% Li2O. The Company has also produced a marketable lithium hydroxide concentrate from CV5's spodumene concentrate. The Company has produced marketable tantalite concentrates at bench-scale from the CV5 Pegmatite's DMS (spodumene) tailings fractions. The testwork used gravity or gravity + flotation methods to produce tantalite concentrates grading 8.7% Ta2O5 at 45% global recovery (MC001) and 6.6% Ta2O5 at 49% global recovery (MC002). The Company has produced marketable pollucite concentrates at bench-scale from the CV13 Pegmatite's Vega Caesium Zone. The testwork used XRT ore sorting to produce concentrates of 11.5% Cs2O and 20.0% Cs2O at an overall 88% recovery. Various mandates required for advancing the Project have been completed or are ongoing, including but not limited to, environmental baseline, metallurgy, geomechanics, hydrogeology, hydrology, stakeholder engagement, geochemical characterization, as well as transportation and logistical studies. A Feasibility Study for lithium-only on the CV5 Pegmatite was announced October 20, 2025.
Further work	The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling). Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.	The Company intends to continue drilling the pegmatites of the Shaakichiuwaanaan Property, primarily targetting lithium, caesium, and tantalum as the primary commodities of interest. This is anticipated to includes step-out and infill drilling. Further drilling is anticipated to support the development of the CV5 and CV13 pegmatites (i.e., resource, geotechnical, geomechanical, and hydrogeological). Metallurgical test programs evaluating the recovery of lithium, caesium, and tantalum are ongoing. Surface prospecting, rock sampling, and mapping is planned to continue across the Company's portfolio of properties focused on LCT pegmatite.

SOURCE PMET Resources Inc.

Olivier Caza-Lapointe, Head, Investor Relations, T: +1 (514) 913-5264, E: ocazalapointe@pmet.ca

[LoneClone] Jaguar Uranium Finds Surface Uranium-Copper-Vanadium at Huemul; Assays Pending ...

LoneClone — 6/2/2026 2:27:07 PM

Jaguar Uranium Finds Surface Uranium-Copper-Vanadium at Huemul; Assays Pending

newswire.ca

News provided by Jaguar Uranium Jun 02, 2026, 07:45 ET

Visible Uranium-Copper-Vanadium mineralization observed at surface, consistent with historical head grades of 0.21% Uranium, 2.0% Copper and 0.11% Vanadium1
Potential 4-kilometre copper trend identified; historic mine dumps sampled for first time
200 rock samples completed at Huemul Uranium-Copper-Vanadium Project, Malargüe Department, Mendoza, Argentina; assays pending
Project underpinned by U.S.–Argentina Critical Minerals Framework and formal Mendoza provincial Collaboration Agreement (2026)

TORONTO, June 2, 2026 /CNW/ - Jaguar Uranium (NYSE American: JAGU) is pleased to announce the successful completion of its initial 200-sample rock sampling program at the Huemul Uranium-Copper-Vanadium (U-Cu-V) Project, located in Malargüe, Mendoza Province, Argentina. The two-week field campaign delivered encouraging early observations, consistent with previously documented mineralization and indicating potential new mineralized areas across the more than 27,000-hectare district-scale project.

________________________

1 Visible uranium-copper-vanadium-bearing mineralization has been observed at surface at certain locations. These observations are qualitative in nature. Historical records for the Huemul project report average head grades of approximately 0.21% uranium, 2.0% copper and 0.11% vanadium; however, the Company has not verified these historical results, and there is no assurance that current mineralization is consistent with such historical grades.

Program Highlights

The field team collected 200 rock samples spanning the project's most prospective targets. Field observations to date appear generally consistent with the presence of mineralization described in historical reports.

Near the former Huemul mine itself, the team identified and sampled two outcrops exhibiting visible uranium and copper mineralization consistent with historic records. In addition, historic mine dumps were assessed for the first time and appear, based on visual inspection and historical data, to contain uranium, copper and vanadium mineralization, representing a previously unsampled area warranting further evaluation.2

In the southern part of the project, field observations indicate the presence of mineralization at multiple locations on the ground. Most notably, sampling of strike extensions at the Uryco zone identified a potential 4-kilometre-long trend of copper mineralization in outcrop, consistent with the scale of the system suggested by historical work.3

Assay results from the 200 samples are pending. All mineralization observations described herein are based on visual field assessment and historical data and remain subject to laboratory verification.

______________________________

2 No conclusions can be drawn regarding grade, continuity, or economic potential pending receipt of assay results and further analysis.

3 These observations are preliminary and do not establish continuity of mineralization between occurrences.

A District with Proven Historical Production

The Huemul Project is anchored by Argentina's first-ever producing uranium mine, commissioned in 1955 and operated continuously until 1975 by the Comisión Nacional de Energía Atómica (CNEA). Historical records document approximately 130,000 tonnes of ore processed at the Malargüe plant, with head grades averaging 0.21% uranium, 2.0% copper, and 0.11% vanadium. The project hosts uranium-copper-vanadium mineralization in a classic sandstone-hosted deposit setting. The broader Malargüe Mining District remains largely untested by modern exploration methods. Based on the presence of a former producing mine, historical exploration data, and the extent of the Company's land package, management believes the project warrants further systematic exploration.

A Jurisdiction on the Rise

Mendoza Province is undergoing a landmark transformation in its approach to mining development, positioning itself as one of Argentina's most compelling emerging mining jurisdictions.4 5 The Malargüe department within Mendoza has long been recognized as a pro-mining area with a distinct history of mineral development, including uranium, vanadium, copper, and hydrocarbons.6 7 The Company has formalized its relationship with the provincial government through a Collaboration Agreement with the Ministry of Energy and Environment of the Province of Mendoza, signed March 4 2026, establishing government-to-company cooperation across its Mendoza properties. This agreement, combined with the U.S.–Argentina Framework Instrument for Securing Critical Minerals Supply signed in February 2026, positions Huemul squarely within the critical minerals supply strategies of both nations. The Company believes these developments may provide a supportive policy backdrop for Argentinean critical minerals projects such as Huemul.

___________________________

4 BNamericas, "Argentine Province of Mendoza Redefines Regulatory Framework for Mining", December 2025 -- edge.prnewswire.com

5 Panorama Minero, "From Paralysis to Feasibility: The 365 Days That Changed Mendoza's Mining Destiny", January 2026 -- edge.prnewswire.com

6 Consolidated Uranium Inc., "Consolidated Uranium to Acquire the Past Producing Huemul Uranium-Vanadium-Copper Project in Argentina", GlobeNewswire, June 2023 -- edge.prnewswire.com

7 New Era Metal, "Uranium -- Malargüe District" -- edge.prnewswire.com

Management Commentary

"The visible mineralization we observed in outcrop and in the historic mine dumps is generally consistent with descriptions in historical records that first drew us to Huemul, and the potential 4-kilometre copper trend at Uryco aligns with what historical data suggested. We look forward to receiving assay results to validate these observations as we plan our next phase of work." said Steven Gold, President & Chief Executive Officer

Cautionary Note

Certain information contained in this news release relating to historical exploration results, production data, and reported grades has been derived from historical records and third-party sources. Such historical information is not current and has not been independently verified by the Company. The Company has not undertaken sufficient work to verify such information and does not treat such historical data as current mineral resources or mineral reserves. There can be no assurance that any historical data referenced herein is accurate or that the mineralization described therein is consistent with current exploration results. The Company considers such historical information to be relevant for exploration purposes only and expects that additional work, including sampling, assaying, and potentially drilling, will be required to verify and validate historical results.

About Jaguar Uranium

Jaguar Uranium Corp. is a South America-focused uranium exploration company advancing a portfolio of prospective brownfield projects across Argentina and Colombia. In Argentina, Jaguar is advancing the Laguna Salada Project in Chubut Province and the historic Huemul uranium mine in Mendoza Province. Anchored by a former producing mine, a historic uranium district and exploration projects supported by historical drilling, the Company is focused on advancing and expanding uranium opportunities across the region. The Company's Berlin Project in Caldas Province, Colombia is a district-scale, sedimentary-hosted polymetallic system historically reported to host uranium alongside rare earth elements, vanadium, nickel, phosphate, molybdenum, rhenium and zinc. Jaguar completed a $25 million initial public offering on NYSE American in February 2026 and is led by an experienced team with backgrounds in exploration, permitting, project development and mining finance in South America.

www.jaguaruranium.com

Forward Looking Statements

This news release contains "forward-looking statements" within the meaning of applicable U.S. securities laws. Forward-looking statements are statements that are not historical facts and include, without limitation, statements regarding: the timing and results of assay data; the interpretation of exploration results; the potential extent, continuity, and significance of observed mineralization; the identification of prospective target areas; the potential for discovery; planned or future exploration programs; and the Company's expectations regarding the Huemul Project and the broader Malargüe district.

Forward-looking statements are based on a number of material assumptions, including, but not limited to: the accuracy of historical data; the reliability of sampling and field observations; the continuity of mineralization observed at surface; the receipt of assay results consistent with expectations; the availability of financing and personnel; and the Company's ability to execute its exploration plans as currently contemplated.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include, among others: the risk that assay results do not confirm preliminary observations; risks relating to the interpretation of exploration results; the possibility that mineralization is not continuous or of economic grade; risks associated with early-stage exploration properties; reliance on historical data that may be incomplete or inaccurate; commodity price volatility; permitting and regulatory risks; operational and technical risks; and general economic, market and industry conditions.

Forward-looking statements speak only as of the date of this news release. Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

SOURCE Jaguar Uranium

For more information, contact: Steven Gold, Chief Executive Officer, info@jaguaruranium.com, +1-416-648-4065

[LoneClone] [REE] Aclara Receives Favourable Consolidated Evaluation Report to the Penco M...

LoneClone — 6/1/2026 1:54:48 PM

[REE] Aclara Receives Favourable Consolidated Evaluation Report to the Penco Module Environmental Assessment Process

accessnewswire.com

Monday, 01 June 2026 07:00 AM

TORONTO, ON / ACCESS Newswire / June 1, 2026 / Aclara Resources ("Aclara" or the "Company") (TSX:ARA) is pleased to announce that the Penco Module ionic clay project (the "Penco Module" or the "Project"), being developed in partnership with Grupo CAP in Chile, has received a Consolidated Evaluation Report from Chile's Environmental Assessment Service ("SEA") of the Biobío Region, recommending approval of the Project's Environmental Impact Assessment ("EIA").

Favourable ICE Report

The Consolidated Evaluation Report represents one of the final stages of the environmental licensing assessment process for projects in Chile. The document summarizes the technical and regulatory review conducted by the competent authorities throughout the environmental evaluation process, including input received during the citizen participation process and the indigenous consultation process, and sets out the SEA's recommendation regarding the project's environmental qualification.

In this case, the SEA has issued a favourable recommendation for approval of the Penco Module EIA, confirming that the initiative satisfies the technical and environmental requirements necessary for consideration by the Environmental Assessment Commission of the Biobío Region.

José Augusto Palma, Aclara's Executive Vice-president, commented: "Receiving this favourable recommendation from the SEA represents a key milestone for the Penco Module and is the result of years of dedicated work to develop a project designed based on high environmental and social standards to coexist responsibly with its surrounding environment and local communities. Following the submission of the Environmental Impact Assessment in June 2024, all the comments and observations received from the public participation process and the 22 agencies that participate in the evaluation process were addressed through detailed technical analysis and a strong commitment to sustainability and responsible development. We now look forward to the review and final decision by the Environmental Assessment Commission of the Biobío Region".

Nicolás Burr, CEO at Grupo CAP, commented: "The favourable recommendation issued by the SEA is the result of the rigorous work carried out to ensure that the Penco Module meets high environmental and social standards. We are confident that the Environmental Assessment Commission of the Biobío Region will approve the project's Environmental Qualification Resolution (RCA), successfully concluding this stage of the environmental assessment process".

Next Steps

The Environmental Evaluation Commission will now consider and vote on the Project's EIA in their next meeting, which has been scheduled on June 8, 2026. If approved, the environmental licensing process concludes with the issuance of the Environmental Qualification Resolution, the administrative act that formally grants the environmental authorization required for the Project's development.

About Aclara

Aclara Resources Inc. (TSX:ARA), a Toronto Stock Exchange listed company, is focused on building a vertically integrated supply chain for rare earths alloys used in permanent magnets. This strategy is supported by Aclara's development of rare earth mineral resources hosted in ionic clay deposits, which contain high concentrations of the scarce heavy rare earths, providing the Company with a long-term, reliable source of these critical materials. The Company's rare earth mineral resource development projects include the Carina Project in the State of Goiás, Brazil as its flagship project and the Penco Module in the Biobío Region of Chile. Both projects feature Aclara's patented technology named Circular Mineral Harvesting, which offers a sustainable and energy-efficient extraction process for rare earths from ionic clay deposits. The Circular Mineral Harvesting process has been designed to minimize water consumption and overall environmental impact through recycling and circular economy principles. Through its wholly-owned subsidiary, Aclara Technologies Inc., the Company is further enhancing its product value by developing a rare earths separation plant in the United States. This facility will process mixed rare earth carbonates sourced from Aclara's mineral resource projects, separating them into pure individual rare earth oxides. Additionally, Aclara, through a joint venture with CAP, is advancing its alloy-making capabilities to convert these refined oxides into the alloys needed for fabricating permanent magnets. This joint venture leverages CAP's extensive expertise in metal refining and special ferro-alloyed steels.

Forward-Looking Statements

This press release contains "forward-looking information" within the meaning of applicable securities legislation, which reflects the Company's current expectations regarding future events, including statements with regard to the permitting process of the Penco Module. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company's control. Such risks and uncertainties include, but are not limited to risks related to operating in a foreign jurisdiction, including political and economic problems in Chile and Brazil; risks related to changes to mining laws and regulations and the termination or non-renewal of mining rights by governmental authorities; risks related to failure to comply with the law or obtain necessary permits and licenses or renew them; compliance with environmental regulations can be costly; dependence on relations and agreements with local communities; actual production, capital and operating costs may be different than those anticipated; the Company may not be able to successfully complete the development, construction and start-up of mines and new development projects; risks related to fluctuation in commodity prices; risks related to mining operations; and dependence on the Penco Module and/or the Carina Project. Aclara cautions that the foregoing list of factors is not exhaustive. For a detailed discussion of the foregoing factors, among others, please refer to the risk factors discussed under "Risk Factors" in the Company's annual information form dated as of March 18, 2026, filed on the Company's SEDAR+ profile. Actual results and timing could differ materially from those projected herein. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in this press release is provided as of the date of this press release and the Company does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required under applicable securities laws. For further information, please contact:

Ramon Barúa
Chief Executive Officer
investorrelations@aclara-re.com

Media Inquiries
Nancy Thompson
nancyt@vorticom.com

SOURCE: Aclara Resources Inc.

[LoneClone] [REE/Gallium] Volta Delivers Positive Initial Metallurgical Results at Springer...

LoneClone — 6/1/2026 12:28:55 PM

[REE/Gallium]
Volta Delivers Positive Initial Metallurgical Results at Springer

88.2% REE Recovery and Demonstrating Gallium By-Product Potential

newsfilecorp.com

June 01, 2026 6:00 AM EDT | Source: Volta Metals Ltd.

Toronto, Ontario--(Newsfile Corp. - June 1, 2026) - Volta Metals Ltd. (CSE: VLTA) (FSE: D0W) (OTCQB: VOLMF) ("Volta" or the "Company") is pleased to report results from the first metallurgical flotation test program completed on material from its Springer Rare Earth Element ("REE") Deposit in Ontario, Canada ("Springer"). The testwork was conducted by SGS Canada Inc. ("SGS") at its Lakefield, Ontario facility, one of the world's premier metallurgical laboratories with extensive experience in rare earth element project development. The early-stage results confirmed several important milestones for the project:

Springer's rare earth elements can be successfully recovered using conventional froth flotation, a well-established and widely used industrial processing method.
The processing pathway is straightforward and potentially cost-effective relative to many other rare earth projects globally.
Gallium, a critical mineral essential to semiconductors, telecommunications, and defense technologies, might be economically recovered as a by-product alongside the rare earths.

These results represent the first phase of metallurgical testing, with additional and more advanced testwork planned as the Springer project advances future engineering and economic studies. Metallurgical results are a critical milestone for any mining project, whether ore can be economically processed into a saleable product. Today's results provide the first independent confirmation that Springer's rare earth ore can be processed using proven, cost-effective methods, a foundational step in establishing the project's economic viability.

HIGHLIGHTS

13x REE enrichment achieved in initial bench-scale testing, significantly exceeding typical industry benchmarks: Springer mineralization demonstrated approximately 13 times enrichment from feed to concentrate, compared to the commonly accepted 5-10x range considered strong performance for REE flotation circuits.
88.2% total rare earth elements ("TREE") recovery achieved in initial flotation testing: A strong result for early-stage work; comparable REE projects typically target 70-85% recovery at this stage, confirm that Springer mineralization responds well to conventional flotation methods. Cleaner-stage testing in this initial program produced concentrate grades of up to 26.4% Total Rare Earth Oxides ("TREO") at 65.8% recovery, with additional optimization work planned to further enhance grade and recovery performance.
Results materially exceed the historic Marino (2012) recovery assumptions: initial test results significantly exceed the conservative recovery assumptions in the Company's existing NI 43-101 mineral resource estimate. All individual rare earth elements tracked consistently through each flotation stage.
Gallium identified as a potential by-product opportunity utilizing REE flotation streams: With China controlling ~80% of global gallium supply, recovery of this critical mineral as a North American by-product alongside rare earths would be strategically significant. Gallium reports to the REE concentrate via the same host mineral, with additional testwork required to establish definitive recovery rates.

"These results represent a genuinely important milestone for the Springer project. Confirming that our ore responds well to conventional flotation - the same technology used at some of the world's leading rare earth operations - significantly de-risks the processing path and improves our confidence in the project's economic potential. The early indication of gallium recovery as a by-product, from a North American deposit at a time when China controls approximately 80% of global gallium supply, adds a strategically important dimension to what is already a well-located critical mineral asset. We are moving quickly into the next phase of optimization work."

- Kerem Usenmez, President & CEO, Volta Metals Ltd.

Metallurgical Recovery Review Webinar

Volta Metals will be hosting a webinar to discuss the results of the Springer REE Project Initial Metallurgical Recovery results, during which members of the Volta Metals' leadership team will be on the call. Participants will be able to submit questions or email them in advance to info@voltametals.ca.

Date: Monday, June 1, 2026
Time: 4:30 p.m. EST / 1:30 a.m. PST
Link: api.newsfilecorp.com

KEY ACHIEVEMENTS

The initial program consisted of eleven bench-scale flotation tests. Eight tests focused on recovering REEs hosted within synchysite, the primary REE-bearing mineral identified at Springer, while an additional three tests evaluated the potential recovery of gallium from gallium-bearing feldspars contained within the REE flotation tailings. The primary objective of the program was proof of concept - specifically, to determine whether rare earth elements at Springer could be effectively separated using conventional flotation techniques and whether gallium recovery from tailings may represent a viable by-product opportunity. Initial REE flotation results were highly encouraging. Additional metallurgical work remains ongoing to further enhance REE recoveries and concentrate grades, and to evaluate and optimize gallium recovery potential. Testwork confirms several positive characteristics of the Springer REE Deposit that support its development potential:

A simple and conventional process flowsheet - Springer's mineralization responds well to conventional froth flotation processing, supporting a straightforward crush-grind-float beneficiation flowsheet capable of producing a rare earth concentrate, with gallium representing a potential by-product opportunity. Froth flotation is a proven and widely utilized mineral processing technology globally, and its successful application to Springer ore represents an important early-stage technical de-risking milestone for the project.
Potential operating cost advantage through coarser grind size - Metallurgical testing indicates that effective mineral liberation at Springer can be achieved at a relatively coarse grind size (-106 µm) compared to many advanced REE projects globally that typically require substantially finer grinding (-50 to -53 µm). As grinding typically accounts for up to 30% of mineral processing operating costs, the ability to operate at a coarser grind size could provide a meaningful economic advantage for the project.
Additional value creation through potential gallium recovery - Preliminary testing suggests the opportunity to recover gallium from both the REE concentrate, in addition to the flotation tailings, creating the potential for a secondary critical mineral product from material that would otherwise be treated as waste. This approach may support improved overall resource efficiency and a more sustainable processing model relative to traditional single-product rare earth operations.

INITIAL METALLURGICAL RESULTS

The SGS programme evaluated a range of reagent systems, grind size fractions, and cleaner circuit configurations. Testing identified an effective flotation collector and demonstrated that processing the feed without pre-separation delivered the best overall results, supporting the potential for a simplified future process flowsheet. Preliminary gravity and magnetic pre-concentration methods were evaluated but were paused as coarse grind parameters failed to deliver useful concentration benefits.

Optimal performance was achieved in test F8, where the second cleaner concentrate produced a rare earth oxide grade of 16.8% TREO at a recovery of 87.8%, representing approximately 9x enrichment from the original feed grade. Additional cleaner stages produced higher concentrate grades of up to 27.3% TREO, representing approximately 13x enrichment, at the expected trade-off of lower recoveries, declining to 65.6%. Full individual REE assays (La, Pr, Nd, Sm, Eu, Gd, Tb, Dy, Ho, Er, Tm, Yb, Lu, Y) confirm consistent distribution across all elements.

Importantly, all individual rare earth elements, including the high-value magnet materials neodymium, praseodymium, terbium, and dysprosium, showed similar distribution patterns across flotation products in this initial program. This is an encouraging early-stage indicator that REEs are hosted in a single or closely related mineral phase, interpreted to be synchysite, subject to confirmation through detailed mineralogical analysis planned in the next phase of work. If confirmed, this would represent a positive characteristic for future processing predictability and metallurgical consistency.

INITIAL GALLIUM RECOVERY RESULTS

Gallium mineralization at the Springer deposit occurs in two mineral hosts: synchysite (the primary REE-bearing mineral), which reports to the REE flotation concentrate, and feldspars (a gangue mineral for REE flotation), which reports to the REE flotation tailings. This dual-host distribution creates two opportunities for gallium recovery, both of which were investigated in the initial test program.

With China controlling approximately 80% of global primary gallium supply, and gallium demand driven by semiconductor and defense electronics manufacturing, the demonstration of gallium by-product potential from a North American REE deposit is a strategically meaningful early-stage result. Further testwork is required before any conclusions on commercial-scale gallium recovery can be drawn.

Synchysite-hosted gallium (REE concentrate): because gallium and the majority of the rare earth elements are believed to share the same host mineral (synchysite), they cannot be separated by physical flotation methods alone. Gallium that reports to the REE concentrate, amounting to about 40% of the gallium in the mineralization, represents potential by-product value, recoverable through downstream hydrometallurgical processing of the REE concentrate. This represents a meaningful upside opportunity that will be further evaluated as part of future hydrometallurgical testwork.

Feldspar-hosted gallium (REE flotation tailings): three preliminary scoping flotation tests (F9-F11) were completed on the REE flotation tailings to screen alternative collector reagents for floating feldspar and recovering its associated gallium. The tests evaluated different reagent systems and identified the best-performing collector with respect to selectivity. These results are scoping-stage only; cleaner and scavenger flotation stages have not yet been undertaken. The next phase of work will use the best-identified collector in a full flotation circuit (rougher, cleaner, and scavenger stages) to establish representative grade and recovery figures. This approach also supports a potential sustainable flowsheet in which the tailings from the main REE product serve as feed for gallium beneficiation.

COMPARISON TO HISTORIC MARINO (2012) ASSUMPTIONS

The Company's NI 43-101 mineral resource estimate (announced February 23, 2026) incorporates conservative metallurgical recovery assumptions from the 2012 historic Marino study. Those conservative assumptions estimated individual element recoveries as follows: terbium (Tb): 43.8%; dysprosium (Dy): 41.8%; neodymium (Nd): 48.5%; praseodymium (Pr): 72.7%. Initial test results from the SGS Lakefield program suggest recovery performance materially above these conservative assumptions, with all rare earth elements tracking together through each flotation stage in this initial program. A formal updated metallurgical reconciliation will be completed as testwork progresses.

GLOBAL METALLURGICAL BENCHMARKING

Springer's initial flotation results are presented below alongside seven advanced-stage global REE projects for directional benchmarking purposes only. Each of the peer projects shown has been the subject of several cycles of metallurgical optimization, locked-cycle testing, and pilot-plant work, and the table provides useful context for the development pathway of comparable carbonatite-hosted REE deposits. Notably, Springer's first-pass results, produced from initial bench-scale testwork only, already demonstrate characteristics that position the project competitively, including a simple ambient-temperature flowsheet, a coarser grind than the peer group, strong rare earth recovery, and the additional opportunity of gallium as a co-product. The next phases of testwork are designed to build on this foundation. The following observations are noted for context only:

1) Coarser grind size may represent a meaningful operating advantage. Springer achieved rare earth liberation at an initial grind size of approximately -106 µm, which is materially coarser than that of several comparable advanced-stage REE projects reviewed. For example, Wicheeda and Mountain Pass require finer grind sizes of a -53 µm or lower. Springer's current grind profile could translate into significantly lower energy consumption, reduced processing complexity, and lower capital and operating costs. Grinding commonly represents up to 30% of total mineral processing operating costs.

2) The 13x enrichment ratio represents a positive early-stage indicator. Springer achieved an enrichment ratio of approximately 13x during initial bench-scale flotation testing conducted under ambient conditions and without elevated conditioning stages. Springer's enrichment ratio is expected to continue evolving as additional cleaner-stage and circuit optimization testwork progresses.

3) Current concentrate grades represent an early-stage starting point. The highest concentrate grade achieved to date, 27.3% TREO, should be viewed as an early-stage benchmark rather than a final optimized result. Lower concentrate grades are common during scoping-stage flotation programs and typically improve through ongoing circuit optimization, cleaner-stage development, and reagent tuning.

4) Potential gallium recovery may represent an emerging differentiator. None of the seven peer REE projects reviewed reports gallium recovery as part of their published metallurgical work. Springer's preliminary feldspar-circuit results indicate that gallium recovery from REE flotation tailings might be possible. Additional testwork is required to confirm whether this translates into commercially meaningful gallium recovery.

Table 1. Global REE Metallurgical Peer Comparison - Springer vs. Seven Peer Projects

Project	Feed (TREO)	Concentrate (TREO)	Enrichment	Grind (P80)	Flowsheet	Ga Recovery
Springer (VLTA)*	~ 2.0% (1.7 TREE)	Up to 27%	~13x REE; ~7x Ga	-106 µm	Crush-grind-float (ambient)	Initial recovery indicated as possible
Wicheeda (DEFN)	2.43%	~50%	~13-20x	-53 µm	Float + hydromet	None
Mountain Pass (MP)	~6.0-8.5%	~61%	~7.2x	<50 µm	Float + steam cond.	None
Bear Lodge (REE)	2.2%	45%	~12.5-20x	Screen-based	Physical pre-conc + Proprietary hydromet	None
Strange Lake (TOR)	~0.93%	~7-8%	~7-8x	Very fine	Sort + mag + float + acid bake	None
Kipawa (FUR)	~0.41%	~1.1%	~2.7-3x	N/D	Mag sep + HCl	None
Round Top (USAR)	~0.06%	N/A	N/A	13 mm	H2SO4 heap leach	Bench Pilot Ga Separation
Tanbreez (CRML)	~0.5%	2.96%	~5.9x	<600 µm	Dry mag sep (no flotation)	None

*Springer data from initial bench-scale testwork (F1-F11), SGS Canada Project 21280-01, 2026. Peer project sources: Defense Metals PFS (2025); MP Materials 10-K (2024); Rare Element Resources Technical Report (2024); Torngat Metals / Springer Nature (2024); Matamec FS (2013); MDPI Minerals (Round Top, 2016); Critical Metals Corp / GlobeNewswire (Tanbreez, 2026).

**These are the first flotation tests ever conducted on Springer mineralization. All results represent initial bench-scale scoping work. Every peer project referenced in this release has completed substantially more advanced development - including locked-cycle tests, pilot plants, and pre-feasibility studies. Springer's optimization program is underway. These results are starting points, not optimized outcomes.

Flotation Testing - The Process

Flotation is a widely used physical separation process in which air bubbles are generated in a water-based slurry containing finely ground ore. Specialized chemical reagents, known as collectors, are added to selectively control the particle surface properties of valuable mineral grains, causing them to be hydrophobic and float to the surface, where they are recovered as a mineral concentrate. When mineralization responds well to flotation, the process offers several important advantages: it utilizes commercially proven equipment and readily available reagents, efficiently removes the majority of waste rock and non-economic material, and significantly reduces the volume of material that must proceed to more complex and costly downstream chemical processing stages.

Flotation Testing - Program Details

Tests F1-F3 consisted of preliminary rougher-only scoping tests conducted on fine and coarse size fractions to evaluate alternative reagent systems. Tests F4-F5 added cleaner and scavenger stages. Tests F6-F8 used a combined feed (fine + coarse blended, no pre-separation) with progressively cleaner stages (F6: two cleaners; F7: two cleaners at -75 µm; F8: four cleaners). Gravity pre-concentration and magnetic concentration were evaluated in the early program but ultimately discontinued after producing no meaningful pre-concentration benefit of REE or gallium. Based on the initial results, direct flotation of the full head feed without pre-concentration was identified as the preferred processing approach, supporting a simplified crush-grind-float process flowsheet. Tests F9-F11 used different amine-based reagent systems (DA17 for F9; Flotigam 7100 for F10; Flotigam 7500 for F11) to float feldspars from REE flotation tailings and recover the feldspar-hosted gallium fraction. F11 produced the best result and is the basis for subsequent cleaner-stage development. No cleaners or scavengers have yet been applied to the feldspar circuit.

Gallium Dual-Host Context

Gallium at Springer is interpreted to occur in two distinct mineral phases, synchysite and feldspars, based on flotation behaviour observed across the eleven-test program. The synchysite-hosted fraction was captured in the REE flotation circuit; the feldspar-hosted fraction reported to the REE flotation tailings and was recovered in the preliminary F9-F11 scoping tests. Detailed mineralogical characterization (TIMA-X or QEMSCAN, EPMA) is part of the next phase of work and will further confirm gallium mineralogy and inform optimization of the recovery flowsheet.

Next Steps

The initial metallurgical program successfully established proof of concept for the flotation recovery of rare earth elements and the potential recovery of gallium as a by-product. The next phase of metallurgical work, to be conducted by SGS, will focus on detailed mineralogical characterization, flotation circuit optimization, reagent refinement, and further improvements to concentrate grade and recovery performance. The Company will report results as they become available.

Qualified Person

The technical content of this press release has been reviewed and approved by Philip Ng, M.Eng., P.Eng., VP, Projects, and Qualified Person ("QP") as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.

For more information about the Company, please visit Volta's website at www.voltametals.ca.

GRANT OF RESTRICTED SHARE UNIT

The Company is also announcing that it has granted an aggregate of 180,000 restricted share units ("RSUs") of the Company to certain officers under the Company's long-term equity incentive plan (the "LTIP"). The RSUs vest in four equal quarterly instalments over one year, with 25% of the RSUs vesting on each of the dates that are three, six, nine, and twelve months following the date of grant. Each vested RSU entitles the holder to receive one common share of the Company. The grant of the RSUs is subject to the terms of the LTIP and the policies of the Canadian Securities Exchange.

ABOUT VOLTA METALS LTD.

Volta Metals Ltd. (CSE: VLTA) (FSE: D0W) (OTCQB: VOLMF) is a critical mineral exploration company focused on rare earths, gallium, lithium, cesium, and tantalum. Volta owns, has optioned, and is currently exploring a critical minerals portfolio of rare earths, gallium, lithium, cesium, and tantalum projects in Ontario, one of the world's most prolific and emerging hard-rock critical mineral districts.

Volta is advancing its 4,750-hectare Springer REE Project, which is located on the traditional territory of the Nipissing First Nations in Sturgeon Falls, 80 km east of Sudbury, Ontario, Canada. The Springer REE Deposit is readily accessible by paved roads and is within 8 km of main infrastructure, such as hydropower dams, the Trans-Canada Highway, and railway, and has powerlines on site.

To learn more about Volta and its Springer and Aki Projects, please visit www.voltametals.ca.

ON BEHALF OF THE BOARD
For further information, contact:

Kerem Usenmez, President & CEO
Tel: 416.919.9060
Email: info@voltametals.ca
Website: www.voltametals.ca

Neither the CSE nor the Canadian Investment Regulatory Organization (CIRO) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking statements relating to product development, plans, strategies, and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects", and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include: the risks detailed from time to time in the filings made by the Company with securities regulators; the fact that Volta's interests in its mineral properties are options only and there are no guarantees that such interests, if earned, will be certain; the future prices and demand for lithium, rare earth elements, and gallium; and delays or the inability of the Company to obtain any necessary approvals, permits, and authorizations required to carry out its business plans. The reader is cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking statements. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, other than as required by law.

Source: Volta Metals Ltd.

[LoneClone] Phenom Reports Consistent Results on Rare Earth and Critical Metals Deposit at C...

LoneClone — 6/1/2026 11:35:04 AM

Phenom Reports Consistent Results on Rare Earth and Critical Metals Deposit at Crescent Valley

newsfilecorp.com

May 29, 2026 3:44 PM EDT | Source: Phenom Resources Corp.

Vancouver, British Columbia--(Newsfile Corp. - May 29, 2026) - Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) (FSE: 1PY0) ("Phenom" or the "Company") is pleased to announce that additional drilling has returned similar thickness and grade in its Rare Earth Element (REE) and Critical Metals deposit on its Crescent Valley Property, about 22 km (13 miles) southwest of Carlin, Nevada. To date, all mineralized drill intercepts in the deposit start from surface. Principal metals of value include Rubidium, Hafnium, Scandium and Neodymium with lesser amounts of Dysprosium, Praseodymium, Cerium, Europium, Niobium, Strontium, Terbium and Yittrium, all on the US Geological Survey critical metals list considered vital to the U.S. economy and national security that face potential risks from disrupted supply chains.

The new deposit is an Iron Oxide Copper Gold (IOCG) deposit-type, a magnetite-tourmaline-pyrrhotite-pyrite breccia body with appreciable REE and Critical Metals content. Drill hole CVN26-07, 143 metres (east of CVN25-04 has returned a 102 metre (335-foot) intercept starting from surface of similar grade in REE and Critical Metals content as previously reported. Drill holes CVN24-02 (drilling in 2024) and CVN25-04 (drilling in October 2025), and a 75-metre-long continuous surface chip sample completed in summer 2025, all located at the north part of the breccia body, had returned near surface similar and reproducible elevated values in these metals. The drilled area now covers over 240 metres (780') wide by 215 metres (700') long (see Figure 1).

Although early in its evaluation, the deposit is presumed to have dimensions in the order of 600 metres (1970 feet) wide (east-west), at least 200 metres (650 feet) thick (vertically) and at least 1 kilometre (3280 feet) long (north-south) based on the Company's 2024 IP geophysical program completed by Zonge International Inc. and guided and interpreted by Jim Wright of Wright Geophysics. The IP program identified a continuous high chargeability anomaly coincide with and expressed as a near surface flat and long body which has now been ground-truthed by the three RC drill holes and surface chip sampling. A ground magnetic survey performed by Zonge 2012, was also used by Dave Mathewson to help guide the placement of the drill holes. The chargeability anomaly/REE and Critical Metals deposit is open to the north and requires additional IP lines to fully determine its length. IOCG deposits generally have a pipe configuration. Additional infill IP lines may help define the pipe root size and configuration.

Table 1: Drill Intercept and Chip Sampling Highlights (* previously reported)

	From (m)	To (m)	Length (m)	From (ft)	To (ft)	Length (ft)	Rubidium (ppm)	Hafnium (ppm)	Scandium (ppm)	Neodymium (ppm)
CVN24-02*	0	99.1	99.1	0	325	325	121.5	5.2	11.3	31.6
including	0	38.1	38.1	0	125	125	160.3	6.1	8.5	20.8
and	48.8	54.9	6.1	160	180	20	168.8	6.1	17.1	37.9
and	64.0	80.8	16.8	210	265	55	162.2	3.9	9.5	30.9
CVN25-04*	0	54.9	54.9	0	180	180	146.0	6.1	14.7	29.3
including	0	22.9	22.9	0	75	75	193.1	6.2	15.6	30.9
75m chip*	0	75.0	75.0	0	246	246	132.8	5.8	11.2	38.5
CVN26-07	0	102.1	102.1	0	335	335	109.0	7.2	18.0	41.4

Note: Intercept thicknesses of the mineralization are estimated to be true thickness.

Rubidium carbonate, currently selling for US$12,500 per kilogram, is used in atomic clocks key to global positioning systems (GPS), data network syncing and research and development. Hafnium metal, selling for US$12,508 per kilogram, is used in nuclear control rods, semiconductors and aerospace. Scandium metal, selling for US$3,186.6 per kilogram, is used to strengthen metal alloys, in fuel cells and in high-intensity lighting. Neodymium metal, selling for US$244.9 per kilogram, is used in permanent magnets, in medical and industrial lasers, and in the production of rubber. Lesser amounts of Dysprosium (used in permanent magnets, data storage devices, and lasers), and Praseodymium (used in permanent magnets, batteries, aerospace metal alloys, ceramics, and colorants) are also present, as well as other important and strategic REE elements.

The relative value proportions of the principal metals in the CVN26-07 intercept are in the order of 55% from Rubidium, 19% from Hafnium, 23% from Scandium, 2% from Neodymium and 1% from Dysprosium. The Company will be doing a mineralogical evaluation at SGS Canada Inc. to determine the mineral species for these elevated elements leading to how they may be concentrated for metallurgical purposes.

Figure 1: Drillhole Locations for IOCG and Low Sulfidation Epithermal Target Testing

To view an enhanced version of this graphic, please visit:
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The following Figure 2 shows the chargeability anomaly in plan view on the left and cross-sections of the northmost 3 lines of chargeability on the right to help visualize the size, shape and near surface nature of the body. It also demonstrates the opportunity to extend the strike length of the chargeability/REE and Critical Metals body to the north with additional IP lines. Note the RC drill hole traces are superimposed on three of the cross-sections to show their penetration into the breccia body.

Figure 2: Plan View and Cross-sections of Chargeability Anomaly/REE and Critical Metals Deposit

To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com

Table 2: Drill Hole Information for IOCG Target

	Easting (m)	Northing (m)	Azimuth	Dip	Length (m)	Length (ft)
Hole CVN26-07	563838	4485931	090	-60	304.8	1000

Low Sulfidation Epithermal Target Testing

The Crescent Valley Property also hosts a 5-6-kilometre-plus-long (3-3.7 mile) range-front-margin low sulfidation epithermal gold opportunity which the Company tested further with drill holes CVN26-05, CVN26-06 and CVN26-08 as steps out from previously reported CVN25-03. CVN25-03 reported a 144.8 metre thick (475 feet) quartz breccia with continuous weakly anomalous gold values over a length of 274.3 metres (900 feet). CVN26-06 and CVN26-08 stepped out 100 metres (328 feet) and 200 metres (656 feet) to the north of CVN25-03. CVN26-05 tested 100 metres (328 feet) downdip from CVN25-03 (see Figure 1 and Table 3).

Much like CVN25-03, all three holes encountered the thick quartz veined and brecciated zone having thicknesses between 91.4-121.9 metres (300-400 feet). Gold values remained similarly weakly anomalous over thicknesses between 30.5 metres (100 feet) and 126.5 metres (415 feet). This program tested a small portion of the lengthy range-front-margin low sulfidation epithermal gold opportunity.

Table 3: Drill Hole Information for Low Sulfidation Epithermal Target (* previously reported)

	Easting (m)	Northing (m)	Azimuth	Dip	Length (m)	Length (ft)
Hole CVN25-03*	563103	4484245	090	-60	426.72	1400
Hole CVN26-05	563100	4484245	090	-78	505.97	1660
Hole CVN26-06	563139	4484345	090	-78	519.68	1705
Hole CVN26-08	563139	4484446	090	-78	399.29	1310

The drilling programs were field supervised by Paul Cowley and Dave Mathewson, both QPs for the Company. Drilling was done by Envirotech Drilling LLC with 5-foot-long sample lengths. Rock and drill cuttings samples were analyzed by ALS Global for its gold and rare earth packages. Company QAQC sample inserts were included.

About Phenom Resources Corp.
Phenom has 100% interest in the Carlin Gold-Vanadium Project, located in Elko County, 6 miles south from the town of Carlin, Nevada and Highway I-80 which hosts the Carlin Vanadium deposit, North America's largest highest grade primary vanadium resource. The Project lies within the prolific Carlin Gold Trend. Approximately 9 million ounces comprised of multiple gold deposits, including past producing mines, are present in proximity to the Phenom property (5-15km). The Company has 100% interest in Crescent Valley in Eureka County and has options on two gold projects in Nevada, the Dobbin and King Solomon Properties which are Carlin Gold-type targets in the Monitor Range within Lander and Nye Counties, respectively.

ON BEHALF OF PHENOM RESOURCES CORP.

per: "Paul Cowley"
CEO & President
(604) 340-7711
pcowley@phenomresources.com www.phenomresources.com

Technical disclosure in this news release has been reviewed and approved by Dave Mathewson, a Qualified Person as defined by National Instrument 43-101, director and Geological Consultant of the Company.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information
Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Source: Phenom Resources Corp.

[LoneClone] Element One Reports on Magnesium Opportunity newsfilecorp.com June 01, 2026 8...

LoneClone — 6/1/2026 11:29:51 AM

Element One Reports on Magnesium Opportunity

newsfilecorp.com

June 01, 2026 8:00 AM EDT | Source: Element One Hydrogen and Critical Minerals

Vancouver, British Columbia--(Newsfile Corp. - June 1, 2026) - Element One Hydrogen & Critical Minerals Corp. (CSE: EONE) ("Element One" or the "Company") is pleased to announce that Chief Executive Officer Brad Kitchen and Chief Operating Officer Tim Johnson recently completed a site visit to the Twin Sisters olivine quarry, located in Whatcom County, Washington State.

The visit follows the Company's recently announced Memorandum of Understanding ("MOU") with Twin Sisters Olivine Ltd. to secure a long-term supply of olivine material and a proposed plant site in Washington State to support Element One's development of U.S.-based critical minerals and natural hydrogen (See Company news release dated May 5, 2026, available on SEDAR+).

Twin Sisters oivine quarry working face

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The Twin Sisters ultramafic complex is recognized as one of the most significant olivine-rich bodies in North America and has historically supplied specialty olivine sand products into industrial markets. The operation produces high-grade olivine material derived from magnesium-rich ultramafic rock, which the Company believes represents an important domestic feedstock source for the production of magnesium products, nickel concentrates, iron oxide, silica and potentially geologic or natural hydrogen.

During the site visit, management reviewed quarry operations, existing infrastructure, olivine processing capabilities and potential locations for a proposed demonstration-scale processing facility contemplated under the previously announced MOU. The parties also discussed long-term feedstock logistics and opportunities to expand production capacity to meet future demand for magnesium and critical mineral products in the United States.

While onsite, the Company collected representative samples from both the active quarry face and existing stockpiled crushed olivine material. The samples will be used for initial process testing and metallurgical evaluation programs being advanced by Element One. The Company has submitted the samples to Bureau Veritas laboratories for ICP-ES analytical testing to confirm magnesium, nickel and iron content, along with other trace elements relevant to the Company's proposed critical mineral and hydrogen initiatives.

Olivine sample with chromite

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"The scale and quality of the Twin Sisters olivine operation further reinforces our belief that this project has the potential to become an important domestic source of critical mineral feedstock," stated Brad Kitchen, CEO of Element One. "The United States continues to seek secure and reliable domestic supply chains for magnesium, nickel and other strategic materials, and Twin Sisters represents a unique industrial mineral platform with existing operational capacity."

Tim Johnson, COO of Element One, commented:

"Visiting the operation highlighted the strategic advantages of Twin Sisters including existing quarry infrastructure, high-grade olivine material and proximity to U.S. industrial markets. We believe the project aligns directly with growing U.S. demand for domestically sourced magnesium and critical minerals while also supporting the advancement of our natural hydrogen initiatives."

The United States currently has no domestic production of primary magnesium, despite magnesium being classified as a strategically important material used in aerospace, automotive, defense, steelmaking and critical manufacturing applications. Element One believes that magnesium products derived from olivine-rich ultramafic feedstocks could contribute toward strengthening domestic supply chain resilience while supporting lower-carbon industrial processing pathways.

The Company continues to advance proprietary and collaborative technologies related to hydrogen generation from ultramafic rocks and critical mineral extraction systems as part of its broader strategy to integrate energy and mineral production technologies.

Qualified Person

The scientific and technical information on this news release has been reviewed and approved by Jeremy Hanson, P. Geo., an independent geologist to the Company who is a qualified person under the meaning of National Instrument NI 43-101.

About Element One Hydrogen & Critical Minerals Corp.

Element One Hydrogen & Critical Minerals Corp. (CSE: EONE) is focused on developing breakthrough hydrogen-generation technologies as well as the exploration, development and commercialization of geologic hydrogen and critical mineral resources. The company's projects include the Foggy Mountain critical minerals project as well as projects in Alaska and British Columbia that are prospective for hydrogen production through stimulation in the subsurface as well as critical and battery metals.

Get Social:

X - www.x.com/Element_One_H2
LinkedIn - www.linkedin.com/company/element-one-h2
Instagram - api.newsfilecorp.com

For further information, visit our website at www.e1-h2.com or to connect directly, please reach out to Tim Johnson, COO at tjohnson@e1-h2.com or 250.668.3161.

On behalf of the Board of Directors:

Brad Kitchen, CEO
Element One Hydrogen & Critical Minerals Corp.
e: bkitchen@e1-h2.com
c: 604.506.7555

This press release contains "forward-looking information" that is based on the Company's current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect exploration and development plans, as anticipated or at all. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-looking statements in this news release includes statements related to the Offerings, receipt of all necessary regulatory approvals to the Offerings, and related matters. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward looking information.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accept responsibility for the adequacy or accuracy of this release.

Source: Element One Hydrogen and Critical Minerals

[LoneClone] [Antimony] Perpetua Resources Advances Construction of the Stibnite Gold Projec...

LoneClone — 6/1/2026 11:03:50 AM

[Antimony] Perpetua Resources Advances Construction of the Stibnite Gold Project

Construction ramps up as Idaho Federal Court rejects efforts to stop critical path activities

Company commences Burntlog Route construction

Critical-path activities target on-time delivery of antimony for U.S. defense interests.

newswire.ca

News provided by Perpetua Resources Corp. Jun 01, 2026, 07:30 ET

BOISE, Idaho , June 1, 2026 /CNW/ - Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) ("Perpetua Resources" or the "Company") announced today that the Stibnite Gold Project ("Project") continues to advance previously planned critical path construction and infrastructure activities following the May 29 decision by the United States District Court of Idaho denying the Project opponents' motion for a preliminary injunction related to a lawsuit filed in 2025 by special interest groups. In the decision, the Court found that the Plaintiffs failed to show that the planned activities would cause the Plaintiffs irreparable harm.

Perpetua crews begin construction of Burntlog Route, May 30, 2026

On Saturday, May 30, Perpetua commenced additional critical path construction activities for the 2026 field season, including initial work associated with the Burntlog Route, a key infrastructure project designed to support safe and efficient access to the Project site while minimizing impacts to nearby communities and sensitive environmental areas. These road upgrades will continue in parallel with additional planned construction of on-site worker housing facilities, selected powerline upgrades, and approved exploration and geotechnical drilling. This new activity builds upon the early works construction Perpetua began in October 2025 and is focused on maintaining construction schedule for 2029 operations and delivery of urgently needed antimony to the United States military.

"We are focused on responsibly advancing the Project and executing on the important work ahead of us," said Jon Cherry, President and CEO of Perpetua Resources. "This construction season is narrow and important to advance major infrastructure for the on-time delivery of antimony to support demand from the U.S. military. We also are pleased to continue with important environmental restoration and our commitment to economic development in Idaho."

The Stibnite Gold Project is designed to redevelop and rehabilitate the abandoned Stibnite mining district, which was largely mined for antimony and tungsten during World War II and the Korean War. The approved project includes extensive environmental restoration measures intended to improve water quality, remove legacy mine waste, reconnect fish habitat, and restore streams and wetlands within the Project area.

Following years of evaluation of alternatives and study of potential environmental impacts, the U.S. Forest Service identified the Burntlog Route as the preferred access road after determining it provides safer travel, limits proximity to sensitive water ways, and reduces impacts on the environment and residents and recreationalists. Perpetua has also placed financial assurances approved by federal and state agencies to ensure reclamation of construction-related impacts.

The U.S. Department of War has identified the Stibnite Gold Project as the only U.S. mine that would be capable of producing antimony volumes sufficient to meet defense demand by 2029. Antimony from the Stibnite Gold Project also provides a domestic source to support growing commercial demand for antimony. Perpetua's planned construction activities for this construction season target critical items that must be completed in order to keep development on track to commence gold and antimony production in 2029.

In preparation for the summer construction season, Perpetua Resources has engaged local contractors and service providers to support initial construction activities. These contracts represent approximately $45 million in direct work expected for businesses and communities across Idaho.

Website: www.perpetuaresources.com

About Perpetua Resources and the Stibnite Gold Project

Perpetua Resources Corp., through its wholly owned subsidiaries, is focused on the exploration, site restoration, and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho. The Stibnite Gold Project is one of the highest grade, open pit gold deposits in the United States and holds the only identified domestic reserve of the critical mineral antimony, which is essential to the defense, energy, and manufacturing sectors. The Project is designed to apply a modern, responsible mining approach to restore an abandoned mine site and provide uplift to water quality, improve fish habitat access, and invest in river restoration while supporting local economic development in rural Idaho.

FORWARD-LOOKING INFORMATION

Investors should be aware that The United States District Court's decision denying the motion for a preliminary injunction is not a final decision on the ongoing lawsuit filed by the plaintiffs in this case and the decision could be appealed.

Information and statements contained in this news release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. We use words such as "may," "would," "could," "should," "will," "likely," "expect," "anticipate," "believe," "intend," "plan," "potential," "forecast," "outlook," "project," "estimate" and similar expressions suggesting future outcomes or events to identify forward-looking statements or forward-looking information. Forward-Looking Information includes, but is not limited to, disclosure regarding timing of anticipated milestones related to the Project and financing; our ability to comply with, obtain and defend permits related to the Project; the expected outcomes of the Project, including our mineral reserves and mineral resources; the expected defense and commercial demand for antimony and the Company's ability to supply it; our ability to successfully implement and fund the Project; and the occurrence of the expected benefits from the Project, including providing a domestic source of antimony, contributions to national security, creation of jobs as well as environmental and economic benefits.

In preparing the Forward-Looking Information herein, the Company has applied several material assumptions, including, but not limited to, certain assumptions that the U.S. EXIM financing application will close and fund within the expected timeframe; that the Company's proposed financing will be successful and will be sufficient to finance permitting, pre-construction and construction of the Project or that the Company will be able to secure alternate financing if necessary; that no pending or future litigation will result in the loss of any material permits or material delay to the Project schedule or a material increase to Project costs; that the current exploration, development, environmental and other objectives concerning the Project can be achieved and that the Company's other corporate activities will proceed as expected; that general business and economic conditions will not change in a materially adverse manner and that permitting, construction and operations costs will not materially increase; that the Company will satisfy or will continue to satisfy the requirements of applicable permits and the requirements of various governmental approvals; and that the Company or applicable governmental agencies will be able to successfully defend against any challenges to governmental approvals for the planned exploration, construction, development, operation and environmental protection activities on the Project.

Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. Such risks and other factors include, among others, risks related to unforeseen delays in the review and permitting process, including as a result of legal challenges to the ROD or other permits; risks related to opposition to the Project; risks related to increased or unexpected costs in development, construction, operations or the permitting process; risks that necessary financing will be unavailable when needed on acceptable terms, or at all; as well as those factors discussed in the Company's public filings with the U.S. Securities and Exchange Commission (the "SEC") and its Canadian disclosure record. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Because it is not possible to predict or identify all such factors, this list cannot be considered a complete set of all potential risks or uncertainties. Accordingly, readers should not place undue reliance on Forward-Looking Information. For further information on these and other risks and uncertainties that may affect the Company's business and liquidity, see the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's filings with the SEC, which are available at www.sec.gov and with the Canadian securities regulators, which are available at www.sedar.com. Except as required by law, the Company expressly disclaims any obligation to update the Forward-Looking Information herein.

SOURCE Perpetua Resources Corp.

For further information about Perpetua Resources Corp., please contact: Chris Fogg, Investor Relations Manager, chris.fogg@perpetuacorp.us, Info@perpetuacorp.us, Mckinsey Lyon; Senior Vice President External Affairs, media@perpetua.us; Joe Fazzini, Vice President Investor Relations, Joe.Fazzini@perpetuacorp.us

[LoneClone] Column: Tin re-balances but investors are still betting on scarcity: Andy Home ...

LoneClone — 5/30/2026 5:08:41 PM

Column: Tin re-balances but investors are still betting on scarcity: Andy Home

beta.bnnbloomberg.ca

Reuters
Opens in new window
Published: May 29, 2026 at 10:02AM EDT

LONDON — What will tame the wild tin market?

The smallest of the London Metal Exchange (LME) base metal contracts continues to defy market gravity.

LME three-month tin CMSN3 is trading at US$55,225 per metric ton, close to the all-time high of US$59,040 reached during the frenzied cross-metals rally in January.

To put that into context, the previous record was US$51,000 per ton in March 2022, when metals prices surged in reaction to Russia’s full-scale invasion of Ukraine.

Latest updates on commodities here

The London tin price is up by 36 per cent since the start of the year. The next best performer is aluminum, which has risen by 23 per cent and is experiencing an unprecedented supply shock after the loss of Gulf production due to the Iran war.

Tin supply, by contrast, is stable right now relative to recent years. LME stocks have been rising. LME time-spreads say there’s no shortage.

So how come the price of the soldering and packaging metal is still trading at such historically elevated levels?

Rebalancing

Tin supply has no direct exposure to the war in the Gulf, unlike aluminum, nickel and copper.

Global mine production is on course to grow by a healthy 8.7 per cent this year, according to the International Tin Association (ITA).

Myanmar’s Man Maw mine is gradually returning to life after a prolonged absence. Production at the Bisie mine in the Democratic Republic of Congo is stable after last year’s brief closure due to encroaching M23 insurgents.

China’s imports of tin concentrates are running above 15,000 tons per month for the first time since 2023.

Refined production is taking time to catch up, with projected global growth of 2.7 per cent this year, according to a presentation at LME Asia Week given by ITA market analyst Huanbo Qin.

Consumption, however, is forecast to fall by 0.7 per cent, reflecting a slowdown in Chinese solar installations, the broader impact of the Iran war on consumer appetite for electronic goods and historically high pricing.

Latest economic news on BNNBloomberg.ca

The market’s fundamental landscape is shifting towards supply-demand balance. Progress is clear to see in the form of rising visible exchange inventories. LME stocks are up by 60 per cent since the start of the year at 8,660 tons.

Including LME off-warrant and Shanghai Futures Exchange (ShFE) inventory, global exchange stocks are close to 20,000 tons, compared with 11,000 tons as recently as October.

By comparison with the volatile outright price, LME time-spreads are trading sideways in comfortable contango.

The scarcity meme

None of which seems to have deterred investors looking for more price upside, particularly on the Shanghai market.

January’s metals fever has abated but it hasn’t yet broken. ShFE tin trading activity remains red hot.

Daily volumes on the Shanghai tin futures contract have averaged 345,000 contracts so far this month. That’s the equivalent of the global primary refined tin market being traded every day.

Tin options activity has mushroomed with volumes more than doubling year-on-year to 8.6 million contracts in January to April.

Funds have trimmed bullish bets on the LME but remain collectively long to the tune of 2,414 contracts, equivalent to just over 12,000 tons.

Speculative interest in tin experienced a step-change early last year, when the bullish news was arriving thick and fast.

Tin has also been pulled into the “internet metals” investment meme along with silver and copper.

All three help to hard-wire the internet, in the case of tin in the form of its use as circuit-board solder. Robotics, artificial intelligence and the internet of things represent powerful demand drivers.

Trade War coverage on BNNBloomberg.ca

All three face structural supply problems. Silver is heading for a sixth consecutive year of supply deficit. Copper is in thrall to a rolling raw materials crunch as mines struggle to scale up production to meet smelter demand.

And tin supply remains highly concentrated and overly dependent on frontier mining zones such as the Congo and the semi-autonomous Wa State, which operates the Man Maw mine in Myanmar.

All three metals are pricing future structural scarcity even though there is no immediate evidence of any shortage.

Tin’s current super-elevated pricing is proof that you can’t keep a good investment meme down even if short-term market dynamics contradict the narrative.

And while that remains the case, it’s hard to see what pulls tin back to the mundane reality of supply and demand.

---

[LoneClone] [Antimony] Nova Commences Fully Funded 2026 Estelle Exploration and Project De...

LoneClone — 5/29/2026 4:08:01 PM

[Antimony]
Nova Commences Fully Funded 2026 Estelle Exploration and Project Development Programs

globenewswire.com

May 28, 2026 06:30 ET | Source: NOVA MINERALS LIMITED

Anchorage Alaska, May 28, 2026 (GLOBE NEWSWIRE) -- Nova Minerals Limited (“Nova” or the “Company”) (NASDAQ: NVA) (ASX: NVA) (FRA: QM3) ) is pleased to provide an update on its planned 2026 field season and antimony development activities, as the Company advances its flagship Estelle Gold and Critical Minerals Project toward the Feasibility Study (FS) stage. Pilot-scale antimony production remains on schedule for late 2026 to early 2027, with military-grade antimony trisulfide samples now nearing completion.

Highlights

Team mobilized for one of the largest field and development programs to date, focused on resource definition drilling at the RPM deposit to advance the Feasibility Study (FS), progressing the Stibium and Styx antimony prospects towards antimony production and resource delineation, and streamlining permitting activities.
2026 programs are fully funded, with over US$60 million available through cash and Department of War (DoW) award funding, providing optionality to accelerate activities as required.
Extensive drilling program up to 10,000 meters focused on high-priority infill and expansion targets at RPM, alongside advancement of antimony prospects, to commence in the coming weeks.
The Company’s first lab-scale antimony metal and military-grade antimony trisulfide samples derived from Estelle ore are in the final stages of preparation with assay results expected shortly.
Critical mining and processing equipment delivered to site, with procurement of the Port Mackenzie downstream antimony process and refinery equipment advancing with delivery expected in the coming months.
Project optimization and Pre-Feasibility studies are advancing in parallel with expanded environmental and geoscience programs supporting future permitting and regulatory assessments.
Extensive multi-element surface exploration program planned across the Estelle Project, comprising reconnaissance and prospect scale sampling, excavation of outcropping Stibnite (antimony) ore vein material, detailed mapping of key target areas including RPM, West Wing, and Stibium, and soil grid surveys across numerous targets.

Nova CEO, Mr Christopher Gerteisen, commented:

“We are excited to commence the 2026 field season, which is expected to represent a major advancement for the Estelle Gold and Critical Minerals Project. The program includes one of the largest drill campaigns undertaken at Estelle to date, targeting both gold resource expansion and antimony development opportunities. Ongoing drilling and technical work will continue to support resource growth and advancement of the Project’s PFS studies.

“Concurrently, the fully funded antimony initiative, supported by a US$43.4 million U.S. Department of War award, positions Nova to advance toward near-term production and establish a vertically integrated domestic antimony supply chain. I can report we have already produced antimony metal and military-grade antimony trisulfide at the lab scale from Estelle stibnite ores which is now being assayed and certified. As an early mover in the U.S. critical minerals sector, Nova is now entering a key execution phase focused on developing antimony production alongside the continued advancement of its large-scale gold development assets, with the objective of generating long-term shareholder value.”

2026 Estelle Exploration Program

Following a record freight delivery of approximately 1.5 million pounds of equipment and supplies over recent months, activity at the Estelle camp has ramped up significantly. Helicopters, construction crews, drillers, and geologists are now onsite advancing preparations for the 2026 field program, with drilling expected to commence in the coming weeks.

A drilling program of up to 10,000m is planned for 2026, with up to three diamond core rigs to be deployed across the Estelle Project. The campaign will focus on infill and expansion drilling at RPM, together with the continuation of the targeted drill program initiated last year at Stibium, focusing on exposed stibnite (antimony) vein systems.

The drilling program will be complemented by extensive regional mapping and surface exploration across RPM, West Wing, Stibium and Portage Pass, as well as further bulk sampling of the exposed stibnite veins at Styx.

Operations are expected to run for a minimum of three months during the Alaskan summer, leveraging near 24-hour daylight for continuous drilling seven days a week. The program and drill targeting will remain flexible and may be refined based on ongoing geological observations and drill core results.

Figure 1. Estelle Project map highlighting identified gold and antimony prospects, together with targets for the 2026 drilling and exploration program.

RPM

Approximately 7,000m of drilling is planned at RPM, with three primary objectives:

Expand the eastern strike extension at RPM North, where 2025 drilling confirmed broad near-surface gold intersections in holes RPM-068 (167m @ 0.7 g/t Au from 187m, including 75m @ 1.1 g/t Au from 242m) and RPM-070 (165m @ 0.6 g/t Au from 3m) [1].
Increase the Measured and Indicated resource confidence at RPM Valley through additional infill drilling, together with step-out drilling to the south and west.
Drill test near-deposit expansion targets along the ridgeline north of RPM North, where surface sampling has identified the potential for additional high-grade, RPM-style gold mineralization.

In addition to the drilling program, detailed mapping is planned north of RPM North, together with further surface reconnaissance work between RPM and the Revelation prospect to follow up on 2025 surface sampling, which returned rock chip assays of up to 24.6 g/t Au west of RPM[2].

Stibium

With a diamond drill rig winterized and remaining on the pad from last season, approximately 3,000m of targeted drilling at the Stibium antimony-gold prospect is scheduled to recommence in the coming weeks. In addition to the established drill pad, construction of a new pad on the flank of Stibium is expected to provide more direct access to the target zone with reduced drilling metres, while avoiding the broken ground encountered during previous ridge-line drilling and directly targeting the exposed stibnite (antimony) veins.

In addition to the drilling program, detailed structured mapping is to be undertaken across the Stibium prospect in 2026.

Styx

Continue extraction of Stibnite (antimony) ore material from the ~1m-wide exposed Styx vein for upgrading at the Whiskey Bravo ore sorting facility prior to transport to the Port Mackenzie plant for downstream antimony processing and refining. Ore excavation will utilize mining equipment purchased with DoW funding to mechanize the process to open up and provide access to the full surficial extent of the vein and significantly increase mine production rates.

Korbel

The majority of the mineral resource at the Korbel deposit already has a high confidence Indicated resource classification. Korbel will comprise a significant portion of the ore volume in any future mining scenario at the Estelle Project. No further infill drilling is planned for 2026, however PFS level metallurgical test work, environmental, and other technical studies are ongoing.

West Wing

Detailed mapping and additional sampling are planned at the West Wing prospect in 2026 to define potential future drilling positions following field observations and 2025 surface assay results which outlined a gold-copper anomaly measuring approximately 1,500m by 800m, with grades of up to 15.5 g/t Au and 6.9% Cu [3].

Portage Pass

A detailed soil sampling grid is planned in 2026 across the Portage Pass valley area, and pending those results could be followed up by an IP geophysical survey using the same exploration approach that led to the Korbel discovery. The program will follow up on the 2025 sampling which identified a broad zone of gold mineralization located 2.5km from Korbel, with rock samples grading up to 14.3 g/t Au along the ridgeline above the Portage Creek valley floor [4].

Generative

Nova commenced a Z-Axis Tipper Electromagnetic (ZTEM) airborne geophysical survey at the beginning of May covering the entire claim block. ZTEM surveys have proven an effective exploration tool for discovery of reduced intrusion-related gold systems in addition to copper porphyries. Nova believes this dataset will identify intrusions under cover of the Kahiltna flysch as well as adding detail over areas of the claim block that are inaccessible.

An infill reconnaissance sampling program is also planned across the property in 2026. Reconnaissance sampling has been responsible for identifying the numerous prospects across Estelle, and the 2026 program will be focused on filling existing gaps as well as following up on any anomalies generated from the ZTEM survey.

2026 Development Program

In parallel with its ongoing exploration activities, Nova continues to advance a significant development program across the Estelle Project as the Company progresses its gold assets toward Pre-Feasibility Study (PFS) completion and its antimony assets toward initial production targeted for late 2026 to early 2027.

Antimony Product Development

The Company’s first lab-scale antimony metal and military-grade antimony trisulfide samples derived from Estelle ore are in the final stages of preparation. Assay results are expected shortly and will represent an important milestone in establishing a domestic U.S. antimony supply chain capability.

Antimony Refinery

The antimony processing plant and all associated equipment are currently on order and are expected to be shipped to the Port Mackenzie site in the coming months. Delivery and installation activities are anticipated to commence shortly thereafter as the Company advances toward commissioning of its downstream refining operations.

Site Infrastructure Construction

Following the successful delivery of heavy earthmoving and haulage equipment, together with construction materials to site, construction of the Stibium access trail has commenced. Strong progress has already been achieved toward the base of the Stibium antimony prospect. In addition, expansion works for the site airstrip and apron are scheduled to begin shortly to support increasing operational and logistical requirements.

Crushing and Ore Sorting Facility

Construction of the onsite crushing and ore sorting facility is now underway, with crushing, screening, and conveying equipment already delivered to site. Ore sorters are expected to arrive in the coming months. The facility is targeted for completion during the 2026 Alaskan summer season and is expected to play a key role in producing concentrate for transport to the Port Mackenzie refining plant, supporting production of military-grade antimony trisulfide under the US$43.4 million Department of War award.

PFS Advancement and Mine Development

Nova continues to advance the Estelle Gold Project through integrated PFS-level engineering, metallurgical testing, environmental baseline work, and infrastructure studies aimed at de-risking project development and supporting future permitting activities.

Engineering and Technical Studies: Ongoing work is focused on optimizing the overall mine development strategy for the RPM and Korbel deposits, including mine planning, processing design, infrastructure layout, geotechnical investigations, hydrology, and site-wide engineering trade-off studies. Technical programs through 2026 are intended to improve confidence in key design parameters, support project scalability, and refine an integrated development scenario aligned with future construction and operational requirements.
Metallurgy and Process Development: Metallurgical and process engineering programs continue to evaluate recovery optimization, flowsheet refinement, and processing assumptions to support PFS-level design criteria and improve overall project economics.
Environmental and Permitting: Baseline environmental and community studies are progressing to support environmental assessment and permitting requirements. These datasets will provide critical inputs for infrastructure design, water management, reclamation planning, and long-term mine development permitting.

Qualified Persons

Vannu Khounphakdy, Professional Geologist and member of Australian Institute of Geoscientists contracted by Nova Minerals to provide geologic consulting services. Mr. Khounphakdy holds a Master of Science in Mine Geology and Engineering. He is a qualified person with at least 5 years experience with this type of project. By reason of education, affiliation with a professional association, and past relevant work experience, Mr. Khounphakdy fulfills the requirements of Qualified Person (QP) for the purposes of SEC Regulation SK-1300 for data QA/QC checks relevant to this announcement.

Hans Hoffman is a State of Alaska Certified Professional Geologist contracted by Nova Minerals to provide geologic consulting services. Mr. Hoffman is a member of the American Institute of Professional Geologists and holds a Bachelor of Science degree in Geological Engineering with a double major in Geology and Geophysics. He is a qualified person with at least 5 years of experience with these types of projects. By reason of education, affiliation with a professional association, and past relevant work experience, Mr. Hoffman fulfills the requirements of Qualified Person (QP) for the purposes of SEC Regulation SK-1300 for the technical information presented in this announcement.

Christopher Gerteisen, Chief Executive Officer of Nova Minerals, is a Professional Geologist and member of Australian Institute of Geoscientists, and has supervised the preparation of this news release and has reviewed and approved the scientific and technical information contained herein. Mr. Gerteisen is a "qualified person" for the purposes of SEC Regulation S-K 1300.

About Nova Minerals Limited

Nova Minerals Limited is advancing one of the world’s largest undeveloped gold deposits into production and securing a US domestic supply of the critical mineral antimony. The Company is focused on the exploration and development of the Estelle Gold and Critical Minerals Project, located in Alaska, a tier-one mining jurisdiction.

Estelle hosts two defined multi-million-ounce gold resources, and more than 20 prospects distributed along a 35-kilometre mineralized trend, in the prolific Tintina Gold Belt, a province which hosts a >220 million ounce (Moz) documented gold endowment and some of the world's largest gold mines and discoveries including, Kinross Gold Corporation's Fort Knox Gold Mine. In parallel, Nova is advancing its critical minerals strategy, fully-funded by a US$43.4 million U.S. Department of War award to develop a domestic antimony supply chain, targeted for production in late 2026/2027.

Further discussion and analysis of the Estelle Project is available through the interactive Vrify 3D animations, presentations, and videos, all available on the Company’s website. www.novaminerals.com.au

Forward Looking Statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” "will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Nova Minerals Limited’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the public offering filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Nova Minerals Limited undertakes no duty to update such information except as required under applicable law.

[1] See news release dated January 7, 2026, available on the Company’s website www.novaminerals.com.au , under the Company’s profile on the ASX, and US Edgar filings on the SEC.

[2] See news release dated March 9, 2026, available on the Company’s website www.novaminerals.com.au , under the Company’s profile on the ASX, and US Edgar filings on the SEC.

[3] See news release dated March 2, 2026, available on the Company’s website www.novaminerals.com.au , under the Company’s profile on the ASX, and US Edgar filings on the SEC.

[4] See news release dated April 14, 2026, available on the Company’s website www.novaminerals.com.au , under the Company’s profile on the ASX, and US Edgar filings on the SEC.

For Additional Information Please Contact

Investor Relations:
Dave Gentry, CEO
RedChip Companies, Inc.
Phone: 1-407-644-4256
Email: NVA@redchip.com

Nova Minerals:
Craig Bentley
Director of Finance & Compliance & Investor Relations
E: craig@novaminerals.com.au
M: +61 414 714 196

Attachment

Figure 1

Figure 1 Estelle Project map highlighting identified gold and antimony prospects, together with targets for t...

[LoneClone] Lithium South Announces Filing of Audited Financial Statements, Receipt of Rev...

LoneClone — 5/29/2026 12:54:02 PM

Lithium South Announces Filing of Audited Financial Statements, Receipt of Revocation Order, Closing of Plan of Arrangement and Delisting from TSX Venture Exchange

accessnewswire.com

Thursday, 28 May 2026 01:20 PM

VANCOUVER, BC / ACCESS Newswire / May 28, 2026 / Lithium South Development Corporation (the "Company" or "Lithium South") (TSX-V:LIS)(OTCQB:LISMF)(Frankfurt:OGPQ) announces that, further to its news release of May 19, 2026, it has filed its audited annual financial statements, management's discussion and analysis and related certifications for the financial year ended December 31, 2025 (the "Required Filings") on SEDAR+. As a result of filing the Required Filings on SEDAR+, on May 25, 2026, the British Columbia Securities Commission issued a revocation order (the "Revocation Order") officially revoking the cease trade order ("CTO") issued on May 11, 2026.

The CTO was issued by the BCSC on May 11, 2026, as a result of the Company's failure to file its Required Filings on or before April 30, 2026, as required under National Instrument 51-102 - Continuous Disclosure Obligations. The Company filed the Annual Filings on SEDAR+ on May 25, 2026.

In regards to the plan of arrangement (the "Plan of Arrangement"), as previously announced on July 30, 2025, August 7, 2025, November 12, 2025, November 20, 2025, December 8, 2025, February 4, 2026, February 20, 2026, March 31, 2026, April 10, 2026, May 11, 2026, May 15, 2026 and May 19, 2026, the Company confirms that the aggregate net proceeds of the sale of the Company's wholly-owned subsidiary, NRG Metals Argentina S.A., has been fully deposited with Computershare Investor Services Inc. (the "Depositary") and the Plan of Arrangement is expected to close on May 28, 2026 (the "Closing Date") and Shareholders of the Company as of the Closing Date will receive a cash payment of CAD$0.505 per common share held, which is expected to be completed by the Depositary three business days following the Closing Date.

Registered Shareholders are the only shareholders required to complete and return a letter of transmittal (the "Letter of Transmittal") to the Company's transfer agent, Computershare Investor Services Inc., in order to receive the cash consideration for their common shares pursuant to the Plan of Arrangement. The Letter of Transmittal may be found at the Company website: www.lithiumsouth.com/investors/

All other shareholders will receive the cash consideration through the intermediary with which their shares are held (brokerage or bank).

In addition, all in-the-money options and in-the-money warrants held will be cancelled in exchange for the cash payout in accordance with the Plan of Arrangement which will be completed by the Depositary. For more information regarding payment of consideration for in-the-money options and in-the-money warrants of the Company, see the management information circular available on the Company's profile on SEDAR+ at www.sedarplus.ca.

Following the completion of the Plan of Arrangement, it is anticipated that the common shares of the Company will be delisted from the Exchange and the OTCQB market. Delisting of the Company from the Exchange is anticipated on close of business one business day following the Closing Date, which is expected to be on or about May 29, 2026, with the concurrent delisting from the OTCQB market. Following the delisting, the Company will also apply to cease to be a reporting issuer in British Columbia, Alberta and Ontario.

On behalf of the Board of Directors

Adrian F. C. Hobkirk
President and Chief Executive Officer
Investors / Shareholders call 855-415-8100 / website: www.lithiumsouth.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this news release.

Disclaimer for Forward-Looking Information

This press release contains forward-looking information within the meaning of Canadian securities laws ("forward-looking statements"). Forward-looking statements are typically identified by words such as "believe," "expect," "anticipate," "intend," "estimate," "plans," "postulate," and similar expressions, or are those which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements, including, but not limited to, statements regarding management's beliefs, plans, estimates, and intentions; the expected Closing Date, the expected filing of the Required Filings and revocation of the CTO, the expected receipt of required regulatory approvals. These forward-looking statements are made as of the date of this press release and, although the Company believes such statements are reasonable, there can be no assurance that expectations and assumptions will prove to be correct. Forward-looking statements are not guarantees of future results or performance and are subject to risks, uncertainties, assumptions, and other factors that could cause actual results or outcomes to differ materially from those expressed or implied, including, but not limited to: the possibility that the Going Private Arrangement will not be completed on the terms or timing currently contemplated, or at all; failure to satisfy closing conditions; the negative impact of a failed transaction on the price of the Company's shares or business; failure to realize expected benefits of the transactions; restrictions imposed on the Company while the transactions are pending; significant transaction costs or unknown liabilities; diversion of management's attention from ongoing business operations; and other risks and uncertainties affecting the Company, including those relating to permitting, capital expenditures, exploration and development activity. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. The securities referred to in this press release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. Further information concerning risks, assumptions, and uncertainties associated with forward-looking statements and the Company's business can be found in the Company's Management Discussion & Analysis for the nine months ended September 30, 2025, and in subsequent filings available under the Company's profile on SEDAR+ (www.sedarplus.ca).

SOURCE: Lithium South Development Corp.

[LoneClone] LithiumBank Advances Boardwalk Toward Commercial Production with SLB newsfileco...

LoneClone — 5/29/2026 11:55:43 AM

LithiumBank Advances Boardwalk Toward Commercial Production with SLB

newsfilecorp.com

May 28, 2026 10:56 AM EDT | Source: LithiumBank Resources Corp.

Vancouver, British Columbia--(Newsfile Corp. - May 28, 2026) - LithiumBank Resources Corp. (TSXV: LBNK) (OTCQX: LBNKF) ("LithiumBank" or the "Company") is pleased to announce the advancement of its 100% owned Boardwalk lithium brine project ("Boardwalk") through the initiation of a Feasibility Study and Front-End Engineering Design ("FEED"), awarded to global energy technology company and NYSE listed SLB. Boardwalk is centrally located in northwest Alberta in close proximity to highways, roads, pipeline infrastructure and grid power.

The Company completing such a milestone marks a significant step forward under LithiumBank's previously announced Development Agreement with SLB. SLB will support this project using its proprietary integrated lithium production solution, which includes systems for brine treatment, Direct Lithium Extraction ("DLE") technology, impurity removal, brine concentration and lithium conversion processes. SLB's process has been tested at one of the world's largest DLE-based demonstration plants, in Clayton Valley, NV ( SLB link).

The Feasibility Study will build directly on the robust technical and economic foundation established in the Company's updated Preliminary Economic Assessment ("PEA") for Boardwalk, announced in 2024 (see January 16, 2024 release for further details). The PEA highlighted the project's potential to be a globally competitive lithium brine operation, demonstrating a pre-tax NPV (8%) of approximately US$3.7 billion and low operating costs of US$4,588 per tonne of lithium carbonate equivalent (LCE). These results underscore the advantages of Boardwalk's scale, 100% crown land position, resource quality, no overlapping carbon capture permits and favourable infrastructure setting in Alberta.

The upcoming Feasibility Study and FEED work will further refine these assumptions through detailed engineering, integrated process design, and optimized development planning. Importantly, the study is expected to evaluate and capture the potential benefits of leveraging existing oil and gas infrastructure within the project area-an opportunity that was not incorporated into the PEA-which could further reduce capital requirements and improve overall project economics. This next phase is expected to enhance project definition, reduce execution risk, and position Boardwalk for a disciplined transition toward commercial production.

The Feasibility and Front-End Engineering and Design ("FEED") study will evaluate an initial modular development scenario consisting of two DLE units, each capable of producing up to 5,000 tonnes per annum ("tpa") of lithium carbonate, for a total of up to 10,000 tpa. The modular design enables scalable, phased expansion while reducing capital intensity and execution risk.

LithiumBank previously completed initial DLE pilot testing with SLB (see news release dated April 14, 2025), demonstrating sustained lithium recoveries of up to 95% and exceptional impurity removal, with greater than 99% overall rejection. Individual impurity rejection rates included 98.80% for boron, 99.97% for calcium, 99.96% for magnesium, 99.98% for potassium, 99.98% for sodium, and 99.97% for strontium. The initial pilot campaign processed approximately 35,000 litres of brine sourced from the Boardwalk project.

Building on these results, the upcoming well-to-product demonstration will process approximately 120,000 litres of Boardwalk brine from the Company's 10-6 well over a period of approximately three weeks. This extended, continuous operation, is designed to support process optimization and inform commercial-scale design and construction parameters.

"We are excited to advance Boardwalk supported by SLB, whose proven technology and global execution capabilities from subsurface expertise through to lithium conversion provide a pathway to commercial production which will enable the company to de-risk and accelerate our commercial production journey, effectively bypassing the costly and time-consuming demonstration facility processes. This collaboration will provide a pathway for the company to achieve the first commercial scale brine production in Canada beyond 10,000 tpa LCE," commented Rob Shewchuk, CEO and Director of LithiumBank.

The Company also acknowledges the strong and continued support of the Government of Alberta, which has demonstrated a clear commitment to advancing innovative resource development and reducing emissions through strategic funding initiatives. The $3.9 million in non-dilutive funding from Emissions Reduction Alberta reflects the province's confidence in Direct Lithium Extraction technologies and the potential for lithium brine projects such as Boardwalk to contribute to Alberta's evolving energy landscape.

Alberta's established regulatory framework, extensive subsurface expertise, and proactive approach to integrating emerging technologies position the province as a leading jurisdiction for lithium development in North America. Government-backed programs like ERA play a critical role in accelerating project timelines, de-risking early-stage development, and supporting the commercialization of lower-impact extraction methods. LithiumBank believes this collaborative environment will be instrumental in advancing Boardwalk toward production while contributing to Alberta's economic diversification and participation in the global battery supply chain.

As part of this development program, LithiumBank has commenced Milestone 2 under its funding agreement with Emissions Reduction Alberta ("ERA"), which provides up to $3.9 million in non-dilutive funding.

Supporting this work, approximately 150,000 litres of brine have been collected from the Company's 10-6 well within the study area. This material will be used to optimize processing parameters and validate the integrated flowsheet under conditions representative of future commercial operations. Following DLE extraction, the lithium-rich eluate will undergo further concentration via high-pressure reverse osmosis system before final conversion into battery-grade lithium carbonate.

The Feasibility Study will focus on the eastern portion of the Boardwalk resource, a well-characterized brownfield area with extensive historical oil and gas infrastructure and data. This area hosts measured and indicated resources within LithiumBank's NI 43-101 estimate, which outlines 5.2 million tonnes measured and indicated of lithium carbonate equivalent (LCE) and 2.8 million tonnes inferred LCE.

Boardwalk's NI 43-101 resource estimate, as outlined in the "LithiumBank Resources Corp. Boardwalk NI 43-101 Technical Report" (effective February 20, 2025), includes Measured and Indicated resources of 5.2 million tonnes of lithium carbonate equivalent ("LCE") at an average grade of 81.6 mg/L lithium within 11.96 cubic kilometres of brine, and Inferred resources of 2.8 million tonnes LCE at 79 mg/L lithium within 6.56 cubic kilometres of brine.

Table 1: Boardwalk Lithium Measured, Indicated, and Inferred Mineral Resource Estimations

Resource Category	Reservoir	brine Volume (km3)	Grade (mg/L lithium)	Sub total - tonnes LCE	Category total tonnes LCE	Category Grade (mg/L lithium)
Measured	Leduc (oil saturated zone)	0.25	71.8	91,000	1,671,000	81.2
Measured	Leduc (water saturated zone)	4.07	81.8	1,580,000	1,671,000	81.2
Indicated	Leduc (water saturated zone)	8.52	81.8	3,524,000	3,524,000	81.8
Inferred	Leduc (water saturated zone)	2.73	81.8	1,128,000	2,777,000	79.0
Inferred	Beaverhill Lake/Swan Hills	4.18	78.1	1,649,000	2,777,000	79.0

Note 1: Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no guarantee that all or any part of the mineral resource will ever be upgraded to a higher category. The estimate of mineral resources may be materially affected by geology, environment, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
Note 2: The weights are reported in metric tonnes (1,000 kg or 2,204.6 lbs).
Note 3: Tonnage numbers are rounded to the nearest 1,000 unit.
Note 4: In a 'confined' aquifer (as reported herein), effective porosity is an appropriate parameter to use for the resource estimate.
Note 5: The resource estimation was completed and reported using a cut-off of 50 mg/L Li.
Note 6: To describe the resource in terms of industry standard, a conversion factor of 5.323 is used to convert elemental Li to Li2CO3, or Lithium Carbonate Equivalent (LCE).

This collaboration outlines a comprehensive development roadmap spanning feasibility, engineering, procurement, construction, and commissioning, with a targeted path to commercial production as early as 2029.

Boardwalk is positioned to become a strategically important domestic source of lithium, supporting the growing North American electric vehicle and energy storage supply chains.

Figure 1. Map of Boardwalk NI 43-101 Resource Estimate Outlining the Feasibility/FEED Study Area

To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com

Notes

1: Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no guarantee that all or any part of the mineral resource will ever be upgraded to a higher category. The estimate of mineral resources may be materially affected by geology, environment, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
2: The weights are reported in metric tonnes (1,000 kg or 2,204.6 lbs).
3: Tonnage numbers are rounded to the nearest 1,000 unit.
4: In a 'confined' aquifer (as reported herein), effective porosity is an appropriate parameter to use for the resource estimate.
5: The resource estimation was completed and reported using a cut-off of 50 mg/L Li.
6: To describe the resource in terms of industry standard, a conversion factor of 5.323 is used to convert elemental Li to Li2CO3, or Lithium Carbonate Equivalent (LCE).

Figure 2: Cross-section through Boardwalk showing effective porosity. Cross-section line shown on Figure 1.

To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com

Qualified Person

The information that forms the basis for the scientific and technical information disclosed in this news release was prepared and approved by Kevin Piepgrass, P.Geo, who is a Qualified Person (QP) for the purposes of National Instrument 43-101. Mr Kevin Piepgrass consents and approves of the inclusion of the data in the form and context in which it appears. Mr. Kevin Piepgrass is the Chief Operating Officer for LithiumBank and is non-independent.

About LithiumBank Resources Corp.

LithiumBank Resources Corp. (TSXV: LBNK) (OTCQX: LBNKF) is a publicly traded lithium company that is focused on developing its two flagship projects, Boardwalk and Park Place, in Western Canada. These projects host some of the largest lithium brine resources in North America (Figure 1). The Company holds 1,240,140 acres of brown-field brine hosted mineral licenses across three districts in Alberta and Saskatchewan. The Company has pilot tested multiple mature Direct Lithium Extraction ("DLE") technologies and has signed a Development Agreement with SLB to bring the Boardwalk project into production. This agreement includes binding DLE licensing terms with SLB to provide an energy efficient, cost-effective and commercially viable end-to-end lithium brine solution. The Company is now working toward establishing commercial lithium production using a modular scale-up approach.

Contact:
Rob Shewchuk
Director & CEO
rob@lithiumbank.ca
(778) 987-9767

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward Looking Statements

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including without limitation, statements regarding the Parties collaborating in developing the Boardwalk asset using licensed modular DLE technology; the Company commissioning a Feasibility Study and the anticipated timing thereof; the first phase of development involving two initial DLE modules capable of 10,000 tpa per annum LCE; the Company having a clear sight to commercial production on the Boardwalk Project; the Company saving significant time and costs compared to alternative development strategies; Boardwalk creating limited new surface disturbance and benefiting local communities; The Leading Energy Technology Supplier's end to end DLE solution and modular approach scaling up production by 5,000 tpa LCE increments with a capital intensity that is more favourable than comparable brine projects in North America; the flexible commercialization approach significantly reducing the financial and technical risk in commercializing production of a battery grade lithium carbonate; Leading Energy Technology Supplier and the Company entering into definitive agreements with respect to the DA; Leading Energy Technology Supplier's technology producing high-purity lithium carbonate or hydroxide; and the Company accomplishing any of the key milestones of the partnership with Leading Energy Technology Supplier, are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should" or "would" or occur.

Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, including that the Parties will collaborate in developing the Boardwalk asset using licensed modular DLE technology on the terms set out in the DA, or at all; that the Company will commission a Feasibility Study that will be completed in 2026; that the first phase of development will involve two initial DLE modules capable of 10,000 tpa per annum LCE; that the Company will have a clear sight to commercial production on the Boardwalk Project; that the Company will save significant time and costs compared to alternative development strategies; that Boardwalk will create limited new surface disturbance and benefit local communities; that the Leading Energy Technology Supplier's end to end DLE solution and modular approach will scale up production by 5,000 tpa LCE increments with a capital intensity that is more favourable than comparable brine projects in North America; that the flexible commercialization approach will significantly reduce the financial and technical risk in commercializing production of a battery grade lithium carbonate; that the Leading Energy Technology Supplier and the Company will enter into definitive agreements with respect to the DA; that the Leading Energy Technology Supplier's technology produces high-purity lithium carbonate or hydroxide; that the Company will accomplish the key milestones of the partnership with the Leading Energy Technology Supplier; and that the Company will be able to raise the capital required in connection with accomplishing the key milestones.

These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important risks that may cause actual results to vary, include, without limitation, the risk that the Parties will not collaborate in developing the Boardwalk asset using licensed modular DLE technology on the terms set out in the DA, or at all; that the Company will not commission a Feasibility Study that will be completed in 2026; that the first phase of development will not be on the terms anticipated; that the Company will not have a clear sight to commercial production on the Boardwalk Project; that the Company will not save significant time and costs compared to alternative development strategies; that Boardwalk will create new surface disruptions; that Boardwalk will not benefit local communities as anticipated, or at all; that the Leading Energy Technology Supplier's end to end DLE solution and modular approach will not scale up production as anticipated; that financial and technical risk will be reduced; that the Leading Energy Technology Supplier and the Company will not enter into a definitive agreement; that the Leading Energy Technology Supplier's technology will not produce high-purity lithium carbonate or hydroxide; that the Company will not accomplish the key milestones of the partnership with the Leading Energy Technology Supplier'; that North America's demand for lithium does not continue to grow; the possibility that any future development results will not be consistent with the Company's expectations; risks related to commodity price and foreign exchange rate fluctuations; the cyclical nature of the industry in which the Company operates; risks related to global financial markets, including the trading price of the Company's shares and the Company's ability to raise capital may also result in additional and unknown risks or liabilities to the Company.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.

Source: LithiumBank Resources Corp.

[LoneClone] Spectre Announces Proposed Qualifying Transaction with Northern Rare Earth the...

LoneClone — 5/29/2026 10:54:04 AM

Spectre Announces Proposed Qualifying Transaction with Northern Rare Earth

thenewswire.com

Vancouver, British Columbia, May 28, 2026 - TheNewswire – Spectre Capital Corp. (“Spectre” or the “Company”) (TSX-V: SOO.P), a capital pool company, is pleased to announce that it has signed a non-binding letter of intent dated May 22, 2026 that outlines the general terms and conditions of a proposed transaction that will result in a reverse take-over of the Company by Norther Rare Earth Corp. (“NREC”), a mineral exploration and mining company. This transaction will constitute the Qualifying Transaction (the “QT”) of the Company under Policy 2.4 – Capital Pool Companies (“Policy 2.4”) of the TSX Venture Exchange (the “TSX-V”). Assuming completion of the proposed QT, it is anticipated that the resulting issuer will graduate to Tier 2 of the TSX-V as a mining issuer.

About Northern Rare Earth Corp.

NREC was incorporated on August 8, 2024 pursuant to the Business Corporations Act (British Columbia). NREC acquired a 100% interest in the Nabisipi REE project (the “Project”) on May 2, 2026, pursuant to a property purchase agreement between NREC, Morgan Good and Benoit Moreau (together, the “Former Owners”), subject to a 1% net smelter returns royalty payable to the Former Owners. The Project is situated in Québec’s North Shore Region, approximately 300 km east of Sept-Îles and 100 km east of Havre-St-Pierre.

NREC’s directors are Benoit Moreau and Jason Baker, and Messrs. Moreau and Baker also serve as NREC’s CEO and CFO, respectively. There are 16,975,000 shares of NREC (“NREC Shares”) issued and outstanding.

Further information on NREC, including current financial statements, and a geological report (the “Technical Report”) in accordance with National Instrument 43-101 in respect of the Project are currently being prepared for filing with the Exchange.

Project Highlights

The Project consists of 46 contiguous mineral claims totaling 29.5 km2 in one single block. The Project is accessible via paved highway 138 and ATV trails.

The Project’s geological setting comprises an assemblage of Paleoproterozoic to Mesoproterozoic paragneisses, granitic gneisses, diopside-garnet gneisses and pink granites of the Aguanish Complex, and Mesoproterozoic gabbros of the Robe Noire Suite. All these host rocks were intruded by late Mesoproterozoic coarse red granites and biotite pegmatites.

Limited exploration was conducted in the past. In 1978, Essex Minerals Company, while exploring for uranium, drilled 39 vertical holes for a total of 606 metres. Bastnaesite, a key rare earth elements (“REE”) mineral, was observed in the core of several drill holes.1

In October and November 2025, NREC carried out a detailed and comprehensive outcrop sampling and mapping at the Project. A total of 531 rock samples were collected and assayed for rare earth elements and related metals such as niobium. Nineteen (19) samples yielded anomalous values over 0.10% TREO (Total Rare Earth Oxides). Highest values returned are 0.564% TREO from sample A78 and 0.321% TREO from sample D1441, as follows:

Sample Number	UTM Zone	Easting (m)	Northing (m)	Outcrop Number	Sample Type	Lithology	Grain Size	TREO Value
F446501	20	557925	5570624	A7	30-cm channel	Biotite Granite	Pegmatitic	0,178
F446521	20	558594	5570802	A78	30-cm channel	Biotite Granite	Coarse to pegmatitic	0,564
F446539	20	558651	5571071	A203	30-cm channel	Biotite Granite	Medium to coarse	0,163
F446578	20	559313	5570839	B94	30-cm channel	Biotite Granite	Medium to coarse	0,176
F446621	20	559147	5571440	B182	30-cm channel	Biotite Granite	Coarse to pegmatitic	0,111
F446672	20	558638	5570891	C50	30-cm channel	Biotite Granite	Coarse to pegmatitic	0,192
F446682	20	558392	5570849	C73	30-cm channel	Biotite Granite	Medium to coarse	0,136
F446690	20	558390	5571365	C83	30-cm channel	Biotite Granite	Coarse to pegmatitic	0,101
F446694	20	558290	5571330	C87	30-cm channel	Biotite Granite	Coarse to pegmatitic	0,108
F446704	20	558131	5571422	C109	30-cm channel	Biotite Granite	Coarse to pegmatitic	0,131
F446706	20	558111	5571156	C114	30-cm channel	Biotite Granite	Pegmatitic	0,103
F446719	20	558382	5571201	C168	30-cm channel	Biotite Granite	Coarse to pegmatitic	0,146
F446726	20	558604	5571604	D4	30-cm channel	Biotite Granite	Coarse to pegmatitic	0,153
F446773	20	558900	5571649	D405	30-cm channel	Biotite Granite	Coarse	0,139
F446779	20	558564	5571554	D1441	30-cm channel	Biotite Granite	Coarse to pegmatitic	0,321
F446906	20	558356	5571602	E210	30-cm channel	Biotite Granite	Medium to pegmatitic	0,138
F446961	20	557616	5571600	F59	30-cm channel	Biotite Granite	Pegmatitic	0,106
F447016	20	557863	5572971	H3	Hammer	Foliated Pink Granite	Medium	0,113
F447020	20	557816	5573208	H7	Hammer	Biotite Granite	Coarse to pegmatitic	0,218

Following completion of the QT, NREC plans to undertake two diamond drill holes in the vicinity of samples A78 and D1441, for a total of 500 metres, for an estimated cost of $225,000, which will be further detailed in the Technical Report.

The analytical program was verified by Explo-Logik of Val-d’Or, Québec. Samples were prepared and submitted to AGAT Laboratories at Val-d’Or for analysis, which lab is independent of the Company and NREC. Whole-rock major elements and refractory trace elements were analyzed by lithium borate fusion with ICP-OES and ICP-MS finish. Samples with REE and critical metals grades exceeding 10,000 ppm were reprocessed using an overlimit fusion method with ICP-OES finish. Sample preparation duplicates, certified reference standards, and blanks were inserted into the sample stream at regular intervals to ensure strict quality assurance and quality control.

Terms of the QT

The QT is expected to be structured as a three-cornered amalgamation pursuant to the provisions of the Business Corporations Act (British Columbia), whereby the Company will incorporate a wholly-owned subsidiary which will amalgamate with NREC to form a new amalgamated company. In connection with the QT, holders of the NREC Shares will receive one common share in the capital of Spectre (a "Resulting Issuer Share") for each NREC Share held immediately before the completion of the QT.

In connection with the QT, it is expected that Spectre will change its name to “Northern Rare Earth Corp.”, or such other similar name as is acceptable to NREC, the TSX-V and applicable regulatory authorities, and a new trading symbol will be assigned.

The QT is subject to the parties entering into a definitive agreement in respect of the QT (the "Definitive Agreement") on or before June 30, 2026, or such other date as the parties may mutually agree. Completion of the QT is also subject to a number of other customary conditions, including obtaining NREC shareholder approval and TSX-V approval. It is not currently anticipated that the QT will require the approval of the shareholders of Spectre, as it is not a Non-Arm’s Length Qualifying Transaction (as defined in Policy 2.4) or a related party transaction pursuant to the provisions of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions.

As at the date hereof it is not possible for the parties to definitively determine the aggregate number of Resulting Issuer Shares expected to be outstanding upon completion of the QT, nor the respective percentages of the outstanding Resulting Issuer Shares expected to be owned by the shareholders of Spectre and NREC, as such determinations will depend the Concurrent Financing (as defined below). A subsequent news release will be issued when the applicable information is available. There are currently 16,975,000 NREC Shares outstanding. Following completion of the QT (including the conversion of the Subscription Receipts), it is anticipated that there will be approximately 33,725,001 Resulting Issuer Shares issued and outstanding (assuming minimum amount raised under the Concurrent Financing), of which approximately 31.9% will be held by current shareholders of the Company, 50.3% will be held in the aggregate by current shareholders of NREC and 17.8% will be held by subscribers in the Concurrent Financing. Non-Arm’s Length Parties of the Company do not currently hold any NREC Shares.

No finder’s fee or commission is payable in connection with the QT. Additionally, no deposits, advances or loans have been made, or will be made, in connection with the QT.

Financings

In connection with the QT, NREC intends to complete a private placement of subscription receipts (“Subscription Receipts”) prior to the completion of the QT, at a price per Subscription Receipt of $0.25 for minimum gross proceeds of $1,500,000 (the “Concurrent Financing”). Each Subscription Receipt will automatically convert, for no further consideration and with no further action on the part of the holder thereof, into a unit (a “Unit”) of NREC upon the occurrence of certain standard conditions, and immediately prior to the completion of the QT. Each Unit will consist of one common share of NREC and one half of a common share purchase warrant (each whole warrant, a “Warrant”), with each Warrant entitling the holder to acquire a common share or NREC for a period of 24 months from the date of issue at an exercise price of $0.40. Upon completion of the QT, the Warrants will be exercisable into Resulting Issuer Shares in accordance with their terms.

The net proceeds raised by NREC in the Concurrent Financing will be used for exploration and development of the Project and for general working capital purposes.

NREC may pay finders’ fees in connection with the Concurrent Financing, the details of which will be disclosed in a subsequent news release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Resulting Issuer Directors and Officers

Following completion of the QT, the board and management of the Company is expected to be comprised of the following individuals. The identity and bio of the fifth director will be determined and disclosed in due course:

Benoit Moreau – Director, CEO

Mr. Moreau Benoit boasts over 35 years of comprehensive experience in mineral exploration, project management, mining development, process innovation, and corporate finance. Between 2009-2024, he played a pivotal role in asset acquisition and project structuring at a Toronto-based merchant bank, notably acquiring the Lac Guérêt graphite deposit and co-founding Mason Graphite inc.

He has also co-founded Geomega Resources inc. acquiring the Montviel Rare Earths deposit and he is currently developing processes for high-purity alumina and magnesium metal production in Québec.

As the President and CEO of Goldstar Minerals inc., Benoit acquired the Lake George antimony and tungsten property in New Brunswick, and discovered the Arabica tungsten zone. His notable achievements also include leading to the discovery of the Lone Mountain high-grade copper in New Mexico (USA) and copper mineralization in the Bell River igneous complex in Mattagami, Québec. Mr. holds a Bachelor of Science in Geology from the Université de Montréal, a Bachelor in Mining Engineering from the École Polytechnique de Montréal and an MBA from the Université du Québec.

Jason Baker – Director, CFO

Mr. Baker is a finance professional with Altus Capital Partners, a boutique investment bank based in Vancouver, BC. Over the past two years, he has helped raise more than $35 million in equity financings for public and private companies, including Scorpio Gold Corp. and Magma Silver Corp. He has served as CFO and as a board member of multiple public and private companies and currently serves in these roles for Magma Silver Corp. Mr. Baker holds a Bachelor of Commerce in Finance from the UBC Sauder School of Business and an Accounting Diploma from Langara College.

Geoff Balderson – Director

Mr. Balderson has an extensive background in business and has worked in the capital markets for over 20 years. He currently acts as an officer and director of multiple TSX Venture and Canadian Securities Exchange listed companies. Mr. Balderson is the President of Corporate Minds Financial Ltd. (formerly, Harmony Corporate Services Ltd.), a Vancouver based company that provides administrative services to publicly listed companies. Prior to this, he was an investment advisor with two Canadian investment dealers. Mr. Balderson is a graduate of the Sauder School of Business at the University of British Columbia with a Diploma in Sales and Marketing.

Arndt Roehlig – Director

Mr. Roehlig has served on numerous Canadian public company boards operating in the resource and technology sectors. As president and chief executive officer of various companies, Mr. Roehlig has raised millions of dollars for TSX Venture Exchange- and Canadian Securities Exchange-listed companies. Mr. Roehlig has decades of corporate experience in the management and development of publicly traded companies.

Trading in Spectre Shares

Trading in the common shares of the Company (the “Spectre Shares”) has been halted in compliance with the policies of the TSX-V. Trading will remain halted pending the review of the QT by the TSX-V and satisfaction of the conditions of the TSX-V for resumption of trading. It is possible that trading in the Spectre Shares will not resume prior to the closing of the QT.

Disclosure Pursuant to Policy 2.4

Completion of the QT is subject to a number of conditions, including but not limited to, TSX-V acceptance and, if applicable, pursuant to TSX-V requirements, majority of the minority shareholder approval. Where applicable, the QT cannot close until the required shareholder approval is obtained. There can be no assurance that the QT will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the QT, any information released or received with respect to the QT may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed QT and has neither approved nor disapproved the contents of this press release.

In connection with the QT, the Company will issue a subsequent news release setting out further information as contemplated in Policy 2.4, including certain financial information of NREC.

Qualified Person

Suzie Tremblay, P.Geo of Explo-Logik inc. (OGQ #10664), a Qualified Person as defined by National Instrument 43-101 and independent geological consultant to the Company, has reviewed and verified the technical information provided in this news release.

For further information, please see the Company’s profile and documents available under the Company’s name on SEDAR+ at www.sedarplus.ca.

ON BEHALF OF THE BOARD

“Geoff Balderson”

Geoff Balderson
CEO, CFO and Director
Telephone: 604-602-0001

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release contains statements which constitute “forward-looking statements” and "forward-looking information" within the meaning of applicable securities laws (collectively, “forward-looking statements”), including statements regarding the plans, intentions, beliefs and current expectations of Spectre and NREC with respect to future business activities and operating performance. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and includes information regarding: (a) expectations regarding the QT including, but not limited to, the timing associated with entering into the Definitive Agreement and the anticipated terms and conditions to be contained in the Definitive Agreement; the necessary shareholder and regulatory approvals and the timing associated with obtaining such approvals; the proposed change in name of the Company; the anticipated size and composition of the Company’s board of directors following the QT; and the terms of the Concurrent Financing, including the size and timing associated with completing such financings; (b) the business plans and expectations of NREC; (c) trading in Spectre Shares and when such trading will resume, if at all; (d) the issuance of and timing associated with issuing a further comprehensive news release or news releases; (e) that NREC will use the proceeds of the Concurrent Financing as anticipated; and (f) expectations for other economic, business, and/or competitive factors.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the parties will be able to obtain the requisite regulatory, board, shareholder and third party approvals and satisfy the other conditions to the consummation of the QT on the proposed terms and schedule; that the parties will have completed satisfactory due diligence and enter into the Definitive Agreement within the expected timeframe; that NREC will be able to complete the Concurrent Financing on the terms and conditions and within the timeframe expected; that the parties will be able to negotiate the Definitive Agreement as soon as practicable and in any event prior to June 30, 2026; that the Definitive Agreement will not be terminated prior to the closing the QT; that the QT will be completed in accordance with the terms and conditions of the Definitive Agreement and within the timeframe expected; that NREC will use the proceeds of the Concurrent Financing as anticipated; and that no unanticipated events will occur that will delay or prevent the completion of the QT.

Additionally, these forward-looking statements may be affected by risks and uncertainties in the business of Spectre and NREC and general market conditions. Investors are cautioned that forward-looking statements are not based on historical facts but instead reflect Spectre and NREC’s respective management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Spectre and NREC believe that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed thereon, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking statements are the following: the ability to consummate the QT; the ability to obtain requisite regulatory and Board approvals and the satisfaction of other conditions to the consummation of the QT on the proposed terms and schedule; the potential impact of the announcement or consummation of the QT on relationships, including with regulatory bodies, employees, customers and competitors; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws and regulations both locally and in foreign jurisdictions; compliance with extensive government regulation and the costs associated with compliance; unanticipated costs; the risks and uncertainties associated with foreign markets; and the diversion of management time on the QT. These forward-looking statements may be affected by risks and uncertainties in the business of Spectre and NREC and general market conditions.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Spectre and NREC have attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. Spectre and NREC do not intend, and do not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law.

References

Quartermain, R. et Tihor, S.L., GM 33904, 1978 Field Work, Lac Costebelle Project, Essex Minerals Company, 1978, 234 pages and 4 plans.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES

[LoneClone] NevGold Announces Up To 53.7% Antimony, And Fourteen Samples Over 2% Antimony, ...

LoneClone — 5/28/2026 12:49:23 PM

NevGold Announces Up To 53.7% Antimony, And Fourteen Samples Over 2% Antimony, From Surface Sampling On Pre-Strip Dump

globenewswire.com

May 28, 2026 07:45 ET | Source: NevGold Corp.

Vancouver, British Columbia, May 28, 2026 (GLOBE NEWSWIRE) -- NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce surface grid and grab sampling results from the historical Pre-Strip Dump at the antimony (“Sb”) and gold (“Au”) Limousine Butte Project (the “Project”, “Limo Butte”) in Nevada. The Pre-Strip Dump material was not processed during the 1989-1990 Golden Butte pit mining operation. The surface sampling program highlights the significant high-grade antimony potential at-surface in the Pre-Strip Dump. After the surface sampling, the Company completed a test-pit sampling program consistent with the methodology used on the historical gold leach pads. With pending results from the test-pit sampling program, the Pre-Strip Dump will potentially be incorporated into the upcoming antimony-gold Mineral Resource Estimate (“MRE”), which is nearing completion.

Key Highlights

High-grade antimony results up to 53.7% Sb, with six samples over 10% Sb, and fourteen samples over 2% Sb, highlighting the significant antimony potential at-surface in the Pre-Strip Dump:

- LRSUD-27: 53.71% Sb
- LRSUD-31: 35.62% Sb, 0.20 g/t Au
- LRSUD-28: 24.32% Sb
- LRSUD-30: 16.68% Sb, 0.21 g/t Au
- LRSUD-29: 16.27% Sb, 0.16 g/t Au
- LRSUD-33: 11.89% Sb, 0.11 g/t Au
- LRSUD-32: 7.60% Sb, 0.22 g/t Au
- LRSUD-10: 5.19% Sb
- LRSUD-18: 4.01% Sb, 0.48 g/t Au
- LRSUD-09: 3.95% Sb
- LRSUD-24: 3.87% Sb, 0.21 g/t Au
- LRSUD-07: 3.48% Sb, 0.15 g/t Au
- LRSUD-11: 2.44% Sb, 0.30 g/t Au
- LRSUD-15: 2.17% Sb

It is estimated that material on the Pre-Strip Dump was from adjacent to the Nevada Antimony Mine and Lage Antimony Prospect, which mined high-grade antimony in the World War II era

- Nevada Antimony Mine and Lage Antimony Prospect are key drill targets in 2026

After completing the surface grid and grab sampling program, the Company followed-up with a test-pit sampling program focused on potentially advancing the Pre-Strip Dump into the upcoming antimony-gold MRE

- Test-pit sampling program results are pending

Maiden antimony-gold MRE on the historical gold leach pads, Pre-Strip Dump, and larger project area, including Resurrection Ridge and Cadillac Valley, is advancing and nearing completion

NevGold CEO, Brandon Bonifacio, comments: “The initial surface sampling program on the Pre-Strip Dump has yielded some of the highest antimony grades seen at Limo Butte. With up to 53.7% Sb, and six samples over 10% Sb, we are extremely encouraged about the prospects of this newly defined area of the Project, which could further add to the at-surface, near-term antimony production scenario in addition to the historical gold leach pads. We are rapidly progressing the work on the MRE to include the Pre-Strip Dump, the historical gold leach pads, Resurrection Ridge, Cadillac Valley, and other satellite targets. The upcoming MRE will be the first time in modern history that this critical milestone has been completed at Limo Butte, and it will incorporate a large, approximate 130,000 meter drillhole database across the entire Project area.”

Figure 1 – Figure outlining the Pre-Strip Dump, which is immediately adjacent to the historical Golden Butte pit which was a gold mining operation in 1989-1990. It is estimated that the Pre-Strip Dump material was from adjacent to the historical Nevada Antimony Mine and Lage Antimony Prospect, which mined high-grade antimony in the World War II era. Surface sample results include 53.71% Sb, 35.62% Sb, 24.32% Sb, 16.68% Sb, 16.27% Sb, and 11.89% Sb, with fourteen samples above 2% Sb. To view image please click here

Figure 2 - Selective rock chip sample LRSUD-29 grading 16.27% Sb and 0.16 g/t Au, with coarse euhedral stibiconite, antimony oxide mineral, crystals embedded in a silicified matrix. To view image please click here

Figure 3 – The Pre-Strip Dump is located immediately adjacent to the past-producing Golden Butte Pit, which was a gold-focused mining operation in 1989-1990. The initial surface sampling results from the Pre-Strip Dump highlight the high-grade antimony potential, which is further at-surface material in addition to the historical Crushed and Run-of-Mine gold leach pads. To view image please click here

Table 1: Pre-Strip Dump Sample Results

Sample ID**	% Sb	g/t Au
LRSUD-27	53.71%	0.05
LRSUD-31	35.62%	0.20
LRSUD-28	24.32%	0.07
LRSUD-30	16.68%	0.21
LRSUD-29	16.27%	0.16
LRSUD-33	11.89%	0.11
LRSUD-32	7.60%	0.22
LRSUD-10	5.19%	0.09
LRSUD-18	4.01%	0.48
LRSUD-09	3.95%	0.05
LRSUD-24	3.87%	0.21
LRSUD-07	3.48%	0.15
LRSUD-11	2.44%	0.30
LRSUD-15	2.17%	0.03
LRSUD-22	1.48%	0.45
LRSUD-16	0.91%	0.31
LRSUD-26	0.65%	0.23
LRSUD-14	0.53%	0.27
LRSUD-12	0.24%	0.12
LRSUD-21	0.20%	0.83
LRSUD-05	0.19%	0.09
LRSUD-19	0.14%	0.31
LRSUD-17	0.12%	0.14
LRSUD-06	0.10%	0.29
LRSUD-13	0.09%	0.38
LRSUD-04	0.09%	0.18
LRSUD-08	0.04%	0.13
LRSUD-02	0.03%	0.12
LRSUD-03	0.02%	0.05

*Initial surface sampling program was completed across the Pre-Strip Dump as seen in Figure 1 and Figure 3. After completing the surface sampling, the Company followed up with a test-pit sampling program where sample pits were dug to approximately 3.5 meters.
** LRSUD-01, LRSUD-20, LRSUD-23, LRSUD-25 were not sampled as Sample ID was established prior to the program execution.

Restatement of Marketing Contract from News Release on February 10, 2026 and New Contract Entered Into On April 21, 2026
On February 10, 2026 the Company announced that it had engaged Creative Direct Marketing Group, Inc. (“CDMG”), an arm’s-length service provider, to provide marketing and advertising services for an aggregate total of US$200,000 (the “Agreement”), in accordance with the policies of the TSX Venture Exchange (“TSXV”) and applicable securities laws. CDMG was founded in 1985 by Craig Huey, a multiple award-winning expert in direct response marketing, direct mail, targeting strategy, and accountable advertising. The Agreement dated February 4, 2026, was revised to increase the total fees payable to CDMG of US$204,332 for marketing and advertising services, which was paid by the Company upfront. A second contract was entered into between the Company and CDMG on April 21, 2026, for a marketing and advertising campaign with total fees payable to CDMG of US$711,150, with a payment schedule of US$289,750 upon receipt, US$228,900 prior to production, and US$192,500 prior to mailing. The combined aggregate total of the two separate contracts is US$915,482, with a milestone and campaign-based program to be provided by CDMG with an anticipated term based on deliverables until August-2026. Based in Nashville, Tennessee, CDMG specializes in marketing, advertising, and public awareness across various sectors, including mining and metals. The agreements with CDMG contain no performance-based conditions, and CDMG will not receive any securities of the Company as compensation. The individual providing the services on behalf of CDMG is Craig Huey. The principals of CDMG have confirmed that they have no direct or indirect interest in the Company or its securities and no right or intention to acquire such an interest. The agreements with CDMG are subject to the approval of the TSXV.

ON BEHALF OF THE BOARD
“Signed”

Brandon Bonifacio, President & CEO

For further information, please contact Brandon Bonifacio at bbonifacio@nev-gold.com, call 604-337-4997, or visit our website at www.nev-gold.com.

Sampling Methodology, Quality Control and Quality Assurance
NevGold QA/QC protocols are followed on the Project and include insertion of duplicate, blank and standard samples in all drill holes. Drill, surface, and test-pit samples are sent to ISO 17025 certified American Assay Labs in Reno, Nevada. A 30g gold fire assay and multi-elemental analysis ICP-OES method were completed.
The surface grid and grab samples weighed approximately 3 kilograms and were collected over a 1 meter area on grid and individual spot samples. Results from this sampling should only be used as a preliminary indicator of mineralization.

The sampling program was completed by the NevGold Geological Team, and was overseen by Greg French, the Company’s Vice President, Exploration, who is NevGold’s Qualified Person (“QP”) under National Instrument 43-101.

Technical information contained in this news release has been reviewed and approved by Greg French, CPG, the Company’s Vice President, Exploration, who is NevGold’s Qualified Person (“QP”) under National Instrument 43-101 and responsible for technical matters of this release.

About the Company
NevGold is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and Idaho. NevGold owns a 100% interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and the Nutmeg Mountain gold project and Zeus copper project in Idaho.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements

This news release contains forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and other similar words or statements that certain events or conditions “may” or “will” occur. Forward-looking statements include, but are not limited to, the future project milestones such as the potential antimony-gold Mineral Resource Estimate (“MRE”), and inclusion of the Pre-Strip Dump in the MRE. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such risks include, but are not limited to, general economic, market and business conditions, and the ability to obtain all necessary regulatory approvals. There is some risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct or that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

[LoneClone] [Tungsten/Indium] GoldHaven Expands District-Scale Airborne Survey at Magno t...

LoneClone — 5/28/2026 12:47:24 PM

[Tungsten/Indium]
GoldHaven Expands District-Scale Airborne Survey at Magno to 2,237 Line-Kilometres to Advance 2026 Drill Targeting

globenewswire.com

May 28, 2026 08:30 ET | Source: GoldHaven Resources Corp.

VANCOUVER, British Columbia, May 28, 2026 (GLOBE NEWSWIRE) -- GoldHaven Resources Corp. (“GoldHaven” or the “Company”) (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) is pleased to announce the expansion and ongoing completion of its high-resolution airborne geophysical survey across the Company’s 100%-owned Magno Project located in the Cassiar District of northern British Columbia.

The survey, being completed by Dias Airborne Limited (“Dias”), has been expanded to approximately 2,237 line-kilometres from the originally planned 1,741 line-kilometre program, substantially increasing coverage across priority mineralized corridors and prospective intrusive contact zones identified throughout the district-scale property package.

Highlights

Expanded airborne survey increased to approximately 2,237 line-kilometres from the previously announced 1,741 line-kilometre program
Survey designed to support a planned 5,000 metre 2026 diamond drill program targeting the Magno, Kuhn, and D Zones
Expanded coverage across prospective CRD, tungsten-bearing skarn, and porphyry-style mineralized corridors
High-grade surface sampling includes values up to 2,370 g/t Ag and 6,550 ppm tungsten (W)
Dias’ QMAGT technology was utilized in geophysical targeting work associated with the Hercules Metals Leviathan discovery in Idaho

“This expanded airborne program represents a major advancement in our systematic approach to unlocking the district-scale potential at Magno,” stated Rob Birmingham, CEO of GoldHaven. “Dias’ technology was successfully utilized in advancing targeting work associated with the Hercules discovery, and we believe deploying the same next-generation system at Magno significantly strengthens our ability to define and prioritize high-confidence drill targets ahead of our planned 2026 drill campaign focused on the Magno, Kuhn, and D Zones.”

The helicopter-borne survey utilizes Dias’ proprietary QMAGT (Quantum Magnetic Gradiometry Tensor) technology, an advanced full tensor magnetic gradiometry system designed to enhance the detection and modelling of subsurface geological structures, alteration corridors, intrusive contacts, and potential mineralized feeder systems.

The airborne survey is focused on defining structural controls, intrusive contacts, and alteration pathways associated with the Company’s growing inventory of silver-lead-zinc CRD mineralization, tungsten-bearing skarn systems, and interpreted porphyry-related mineralized centres.

The expanded survey area covers a broad north-south mineralized corridor associated with carbonate and sedimentary rocks in contact with intrusive granitic units, which management believes represents a highly prospective environment for multiple styles of mineralization.

Recent surface exploration completed by the Company identified multiple high-priority target areas highlighted by rock sample results including silver values up to 2,370 g/t Ag, tungsten values up to 6,550 ppm W, and indium values up to 334 ppm In. These results, together with historical exploration datasets and geological mapping, have been incorporated directly into the airborne survey design and targeting process.

The survey is being flown at 100 metre line spacing with approximately 344 survey lines and average line lengths of approximately 6.5 kilometres. The program is designed to generate a detailed magnetic dataset capable of assisting with the identification of fault structures, lithological boundaries, intrusive geometries, and potential mineralized trends beneath areas of limited outcrop exposure.

GoldHaven believes the integration of this new geophysical dataset with geological mapping, surface geochemistry, historical drilling, and ongoing 3D modelling initiatives has the potential to significantly refine and prioritize drill targets ahead of the Company’s planned 2026 exploration activities.

GoldHaven selected Dias based in part on the geological similarities between Magno’s evolving CRD-skarn-porphyry system and the Hercules Metals Corp. Leviathan discovery in Idaho, where Dias’ advanced airborne geophysical technology played an important role in refining concealed drill targets associated with the discovery1. Management believes the application of comparable high-resolution geophysical techniques at Magno has the potential to materially improve target definition across multiple mineralized corridors.

1 globenewswire.com

Figure 1: Geology map showing the area of the airborne survey as well as the high-priority zones within the Magno project emphasizing the Kuhn, D Zone, Magno zones.

About the QMAGT Survey System

Dias Airborne’s QMAGT system is a helicopter-borne full tensor magnetic gradiometry platform utilizing SQUID (superconducting quantum interference device) sensor technology. Unlike conventional magnetic surveys, QMAGT measures the full tensor of the Earth’s magnetic field, providing enhanced directional and structural information that can improve subsurface geological interpretation and targeting.

The system is designed to operate effectively in complex terrain environments and has been utilized in modern mineral exploration programs focused on identifying concealed intrusive systems, structural corridors, and mineralized targets.

Figure 2: Magno project location in Northern BC with proximity to nearby companies.

Qualified Person:

The technical and scientific information contained in this news release has been reviewed and approved by Raymond Wladichuk P.Geo. who is a non-independent Qualified Person as defined under NI 43-101 and a consultant of the Company.

About GoldHaven Resources Corp.

GoldHaven Resources Corp. is a Canadian junior exploration company focused on advancing highly prospective mineral projects in North and South America. The Company’s flagship asset is the district-scale Magno Project in the Cassiar District of northern British Columbia. GoldHaven also owns the Three Guardsmen copper-gold project in British Columbia and the Copeçal Gold Project in Mato Grosso, Brazil. In addition, the Company holds a portfolio of critical mineral projects in Brazil.

On Behalf of the Board of Directors

Rob Birmingham, Chief Executive Officer

For further information, please contact:
Rob Birmingham, CEO
www.GoldHavenresources.com
info@goldhavenresources.com
Office Direct: (604) 629-8254

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE - Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements Regarding Forward Looking Information

This news release contains forward-looking statements and forward-looking information (collectively, "forward looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, those listed below under the heading “Forward-Looking Statements in This News Release” are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "will", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "potential", "scheduled", or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that there will be investor interest in future financings, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration and development of any future projects in a timely manner, the availability of financing on suitable terms for exploration and development of future projects and the Company's ability to comply with environmental, health and safety laws.

The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, operating and technical difficulties in connection with mineral exploration and development activities, actual results of exploration activities, the estimation or realization of mineral reserves and mineral resources, the inability of the Company to obtain the necessary financing required to conduct its business and affairs, as currently contemplated, the inability of the Company to enter into definitive agreements in respect of possible Letters of Intent, the timing and amount of estimated future production, the costs of production, capital expenditures, the costs and timing of the development of new deposits, requirements for additional capital, future prices of precious metals, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor interest in future financings, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations, including by the Exchange, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and other risks and uncertainties disclosed in the Company's latest interim Management's Discussion and Analysis and filed with certain securities commissions in Canada. All of the Company's Canadian public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review these materials.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.

Forward-Looking Statements in This News Release

The following statements in this news release constitute forward-looking information:

The expanded survey supporting a planned 5,000 metre 2026 diamond drill program targeting the Magno, Kuhn, and D Zones;
Integration of the new geophysical dataset having the potential to significantly refine and prioritize drill targets ahead of 2026 exploration activities;
Application of high-resolution geophysical techniques at Magno having the potential to materially improve target definition across multiple mineralized corridors; and
The QMAGT system significantly strengthening the ability to define and prioritize high-confidence drill targets ahead of the planned 2026 drill campaign.

Infographics accompanying this announcement are available at

globenewswire.com

globenewswire.com

[LoneClone] LIFT Files NI 43-101 Technical Report on the Adina-Galinée Lithium Project, Que...

LoneClone — 5/28/2026 12:32:07 PM

LIFT Files NI 43-101 Technical Report on the Adina-Galinée Lithium Project, Quebec, Canada

globenewswire.com

May 28, 2026 03:05 ET | Source: Li-FT Power Ltd.

VANCOUVER, British Columbia, May 28, 2026 (GLOBE NEWSWIRE) -- Li-FT Power Ltd. (“LIFT” or the “Company”) (TSXV: LIFT) (ASX: LFT) (OTCQX: LIFFF) (Frankfurt: WS0) is pleased to announce it has filed on SEDAR+ a technical report (the “Technical Report”), prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), titled " Adina-Galinée Lithium Project Quebec, Canada," The Technical Report has an effective date of May 7, 2026, and a report date of May 26, 2026.

The primary purpose of the Technical Report was to conform the Adina-Galinée Project's existing Mineral Resource Estimate — previously prepared under the Australasian JORC Code — to Canadian NI 43-101 standards.

The Technical Report contains no new material to that included in Annexure C of the Prospectus dated April 13, 2026 and released to the ASX on May 22, 2026.

The Technical Report has been prepared by Marc-Antoine Laporte, P.Geo., and Maxime Dupéré, P. Geo., of SGS Geological Services, who acted as Qualified Persons as defined under NI 43-101.

The purpose of the Technical Report was to provide current disclosure for LIFT’s newly combined Adina-Galinée project in accordance with NI 43-101 standards. The Company confirms that the verification process resulted in no changes to the Adina Project Mineral Resource Estimate figures, categories, or grades previously disclosed by Winsome Resources Ltd.

The report is available on SEDAR+ and will be available shortly thereafter on the Company’s website. Readers are encouraged to read the Technical Report in its entirety, including all qualifications, assumptions, exclusions and risks. The Technical Report is intended to be read as a whole, and sections should not be read or relied upon out of context.

About LIFT

LIFT is focused on developing a portfolio of hard rock lithium assets in Canada, with core development assets in both Quebec and the Northwest Territories. The Company owns the Yellowknife Lithium Project in the Northwest Territories and the Adina Lithium Project in the Eeyou Istchee James Bay region of Quebec. LIFT also holds early-stage exploration properties in both jurisdictions.

This announcement has been approved for release by Mr. Francis MacDonald President & Chief Executive Officer of LIFT.

For further information, please contact:

Francis MacDonald Chief Executive Officer Tel: + 1.604.609.6185 Email: investors@li-ft.com Website: www.li-ft.com	Daniel Gordon Investor Relations Manager Tel: +1.604.609.6185 Email: investors@li-ft.com

Cautionary Statement Regarding Forward-Looking Information

Certain statements included in this press release constitute forward-looking information or statements (collectively, “forward-looking statements”), including those identified by the expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, “may”, “should” and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. These forward-looking statements and information reflect management's current beliefs and are based on assumptions made by and information currently available to the company with respect to the matter described in this new release.

Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties is contained under "Risk Factors" in the Company's latest annual information form filed on April 27, 2026, which is available under the Company's SEDAR+ profile at www.sedarplus.ca, and in other filings that the Company has made and may make with applicable securities authorities in the future. Forward-looking statements contained herein are made only as to the date of this press release and we undertake no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. We caution investors not to place considerable reliance on the forward-looking statements contained in this press release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

[LoneClone] [Titanium/Vanadium] Green Bridge Metals Reports Initial Assays from Drill Prog...

LoneClone — 5/28/2026 12:17:58 PM

[Titanium/Vanadium] Green Bridge Metals Reports Initial Assays from Drill Program

accessnewswire.com

Wednesday, 27 May 2026 05:00 PM

VANCOUVER, BC / ACCESS Newswire / May 27, 2026 / Green Bridge Metals Corporation (CSE:GRBM)(OTCQB:GBMCF)(FWB:J48, WKN:A3EW4S) ("Green Bridge" or the "Company") is pleased to report initial assay results from its Phase 1 diamond drill program at the Titac Project, located within the Company's South Contact District in northeastern Minnesota, U.S.A. (Figure 1).

The Company has completed six diamond core drill holes in the Phase 1 program at Titac South. Assay results from the first three holes confirm the presence of broad intervals of copper mineralization associated with the Oxide Ultramafic Intrusions ("OUI"), while assays from the remaining three holes, including a step-out hole targeting a previously untested geophysical anomaly, remain pending. Initial results from the first three holes indicate potential polymetallic mineralization within the OUI, including copper (Cu), titanium dioxide (TiO2), vanadium pentoxide (V2O5), and platinum group elements (PGE) (Figure 2; Table 1).

David Suda, President and Chief Executive Officer, commented: "We have completed the full six-hole program at Titac and sulphide mineralization has been observed in core from every drill hole to date. The broad intervals of copper mineralization within the Oxide Ultramafic Intrusion support our geological model and suggest that mineralization may potentially extend beyond the currently tested area. With assays pending from the final three holes, including a step-out test of a new geophysical anomaly, we are entering an important phase in evaluating the potential scale of the system."

Highlights

Six of six holes completed in the Phase 1 Titac South program intersected observable sulphide mineralization.
Initial assays from the first three holes confirm broad copper mineralization within the OUI.
TS26-005 returned 152 m @ 0.31% Cu, 13.7% TiO2 and 0.15% V2O5.
TS26-003 returned 190 m @ 0.30% Cu, 11.4% TiO2 and 0.13% V2O5, including 14.0 m @ 0.48% Cu, 13.8% TiO2 and 0.13% V2O5.
TS26-002a returned 54.0 m @ 0.20% Cu, 9.3% TiO2 and 0.10% V2O5.
Copper mineralization was observed over broad downhole intervals within the OUI.
Drilling results are consistent with targets generated from 3D VTEM inversion modelling.
Multiple untested geophysical anomalies have been identified across the property.

Figure 1. Map of the South Contact Zone Project showing the Titac property at the southern end.

Figure 2. Map of the Titac property showing the geology, geophysical targets (red polygons), and recent drill program on the right. On the left is the modelled TiO2 (17.5% cutoff) and Cu (0.26% cutoff) looking northeast, with representative intercepts displayed along drill traces. Results from the current drill program are labelled and bolded traces, while historic drill traces and grades are shown as narrower lines.

Technical Overview

The Titac property forms a key part of the Company's South Contact Zone Project in the Duluth Complex of northeastern Minnesota. The project hosts an inferred mineral resource estimate at Titac South of 46.6 million tonnes grading 15% TiO2 (see the NI 43-101 technical report entitled "Technical Report and Mineral Resource Estimate for the South Contact Zone Project, St. Louis County, Minnesota, USA" with an effective date of September 18, 2024, filed on SEDAR+). Inferred mineral resources have a high degree of uncertainty as to their existence and as to whether they can be mined economically. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

The 2026 drilling program was designed to test the distribution of copper mineralization within the known titanium resource at Titac South and to evaluate the effectiveness of 3D VTEM inversion as a targeting tool. The completed 3D inversion modelling refines the preliminary VTEM results released in May 2025 and identifies a number of previously unrecognized anomalies. Several of these targets exhibit coincident magnetic highs and conductive responses consistent with the geophysical signature of the known mineralized OUIs. Management considers these features prospective for additional titanium-vanadium-copper mineralization.

Drilling Program Design

The Phase 1 program consisted of a systematic six-hole fence across the Titac South intrusion, designed to verify and evaluate the presence, distribution and continuity of copper mineralization within and outside the OUI.

Initial Assay Results - Titac South

Assay results from the first three holes (TS26-002a, TS26-003 and TS26-005) confirm copper mineralization over broad intervals, as summarized in Table 1. All reported intervals are downhole lengths. True widths cannot currently be determined with confidence because of the irregular geometry of the mineralized zones.

Table 1. Titac South 2026 Drill Program Significant Intercepts

Hole ID	From (m)	To (m)	Interval (m)	Cu (%)	TiO2 (%)	V2O5 (%)	PGE (ppb)
TS26-002a	32.8	310.9	278.1	0.12	6.9	0.10	15.5
	36.8	47.0	10.2	0.29	8.5	0.18	10.6
	103.0	125.0	22.0	0.23	7.5	0.08	23.1
Including	115.0	117.0	2.0	0.39	16.9	0.21	171.0
	207.0	261.0	54.0	0.20	9.3	0.10	19.3
TS26-003	29.9	403.3	373.4	0.18	9.0	0.12	19.1
	39.0	229.0	190.0	0.30	11.4	0.13	22.9
Including	127.0	141.0	14.0	0.48	13.8	0.13	18.7
	231.0	233.0	2.0	0.21	15.9	0.25	260.0
TS26-005	33.0	476.2	443.2	0.20	9.3	0.11	14.8
	115.0	153.0	38.0	0.27	6.3	0.08	19.1
	163.0	191.0	28.0	0.19	9.0	0.13	17.1
	231.0	383.0	152.0	0.31	13.7	0.15	21.7
Including	311.0	335.0	24.0	0.46	19.0	0.17	32.3
	445.0	476.2	31.2	0.21	9.84	0.14	11.4

Table 1. Titac South 2026 Drill Program significant intercepts. The first reported interval for each hole represents the full in-hole interval and is provided for context. Full drill hole details, including collar locations, azimuth, dip and total depth, are available at Appendix 1.

3D VTEM Inversion and Targeting

The Company recently completed a full 3D inversion of VTEM airborne geophysical data, enhancing the resolution of both conductive and magnetic responses across the Titac property. The inversion modelling has identified four or five additional untested anomalies exhibiting coincident conductive and magnetic signatures consistent with known mineralized Oxide Ultramafic Intrusions at Titac South and Titac North (Figure 3). Drilling to date demonstrates alignment between these geophysical targets and observed sulphide mineralization, which supports the Company's exploration model.

Figure 3. Three-dimensional perspective view from the southeast of the modelled geophysical anomalies across the Titac property (yellow polygon). Titac South is the location of the known inferred mineral resource estimate and where the most recent drilling was carried out. Inferred mineral resources have a high degree of uncertainty as to their existence and as to whether they can be mined economically. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

Quality Assurance and Quality Control

Green Bridge Metals exploration samples were collected in accordance with industry standards and best practices. All new samples were submitted to Activation Laboratories Ltd. in Thunder Bay, Ontario, for geochemical analysis. Analytical methods included fire assay with ICP-OES analysis for gold and platinum group elements, sodium peroxide fusion with ICP-OES analysis for trace elements, and lithium metaborate fused-disc XRF analysis for major element composition. Activation Laboratories Ltd. is independent of the Company.

For historical assay information, as well as historical QA/QC, data verification, analytical and testing procedures applicable to the Titac prospect, readers should refer to the "Technical Report and Mineral Resource Estimate for the South Contact Zone Project, St. Louis County, Minnesota, USA" with an effective date of September 18, 2024, prepared by independent Qualified Persons (as defined in National Instrument 43-101 ("NI 43-101") Michael B. Dufresne (P.Geol., P.Geo.), Andrew J. Turner (P.Geol., P.Geo.), Fallon T. Clarke (P.Geo.) and Christian Bohm (P.Geo.).

Lengths reported in this news release are drill intersections and not necessarily true widths. The locations and distances shown on maps are approximate. Geological interpretations in this news release are those of the Company.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Ajeet Milliard, Chief Geologist of Green Bridge Metals Corporation, who is a Qualified Person as defined by NI 43-101.

About Green Bridge Metals

Green Bridge Metals Corporation is a North American mineral exploration company focused on the discovery and development of critical mineral assets in tier-one jurisdictions. The Company's South Contact Zone Project in Minnesota hosts titanium-copper-vanadium mineralization within the Duluth Complex. The Company is committed to responsible exploration practices and the development of domestic supply chains for the minerals essential to the clean energy transition and national security.

On Behalf of Green Bridge Metals Corporation

David Suda
President and Chief Executive Officer

For further information please contact:

David Suda
President & CEO
Tel: 604-928-3101
Email: investors@greenbridgemetals.com

Forward-Looking Information

Certain statements in this news release constitute forward-looking information within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, statements regarding the ongoing drilling program, visual observations of mineralization, anticipated assay results, and future exploration potential at the Titac Project. Forward-looking statements are based on management's reasonable assumptions, estimates, expectations, and opinions as of the date of this news release and are subject to known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated. These risks include, but are not limited to, risks related to exploration, permitting, regulatory approvals, market conditions, commodity prices, and the availability of financing.

The Company does not undertake to update any forward-looking statements or forward-looking information, except as required by applicable securities laws. Readers are cautioned not to place undue reliance on forward-looking statements.

The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

SOURCE: Green Bridge Metals Corporation

[LoneClone] [Tungsten] Largo Announces Plans to Evaluate Strategic Alternatives to Maximize...

LoneClone — 5/28/2026 12:10:01 PM

[Tungsten]
Largo Announces Plans to Evaluate Strategic Alternatives to Maximize Value of Its Tungsten Assets in Canada and Brazil

newsfilecorp.com

May 27, 2026 5:37 PM EDT | Source: Largo Inc.

All amounts expressed are in U.S. dollars, denoted by "$".

Toronto, Ontario--(Newsfile Corp. - May 27, 2026) - Largo Inc. (TSX: LGO) (NASDAQ: LGO) ("Largo" or the "Company"), the world's largest primary vanadium producer announced today that it plans to evaluate strategic alternatives aimed at maximizing the value of its 100%-owned tungsten assets: the Northern Dancer Tungsten-Molybdenum Project in Yukon, Canada which is regarded as one of the world largest undeveloped Tungsten deposits and its Currais Novos Tungsten Project in Rio Grande do Norte, Brazil, which Largo operated in the early 2010s prior to the construction of its Maracas Vanadium mine in Bahia, Brazil.

The evaluation process is expected to consider a range of strategic alternatives, including partnerships, joint-ventures, asset-level financing, minority investments, sale or spin-out opportunities, offtake-related structures, or other transactions designed to unlock value for Largo shareholders while preserving the Company's focus on its core vanadium and ilmenite operations in Brazil.

As part of this process, the Company also intends to evaluate the engagement of a financial advisor or investment bank to assist Largo in assessing strategic alternatives, identifying qualified counterparties, and supporting the execution of any transaction process that may be approved by the board of directors.

Tungsten is widely recognized as a critical industrial metal with applications across defense, aerospace, tooling, mining, energy and other high-performance industrial sectors. Considering increased global focus on critical minerals supply security, Largo believes its tungsten portfolio may represent a valuable and underrecognized source of optionality for shareholders.

Mr. Daniel Tellechea, CoChief Executive Officer of Largo, stated: "Largo's tungsten assets provide shareholders with exposure to two distinct projects in mining-friendly jurisdictions, each supported by historical technical work and strategic relevance in today's critical minerals environment. As we continue to prioritize operational performance and balance sheet discipline, we believe now is an appropriate time to evaluate alternatives that could unlock value from these non-core assets."

Mr. Alberto Arias, Co-Chief Executive Officer of Largo, added: "We have received unsolicited expressions of interest for these assets and therefore we intend to consider engaging a qualified financial advisor or investment bank to support a disciplined review of potential strategic alternatives and help us maximize value for shareholders."

Northern Dancer Tungsten-Molybdenum Project - Canada

The Northern Dancer Tungsten-Molybdenum Project, formerly known as the Logtung Project, is located in Yukon, Canada, near the Yukon-British Columbia border. The project is situated approximately 260 kilometers southeast of Whitehorse and approximately 65 kilometers from Teslin, with access to the Alaska Highway corridor which is 13Km south of the project.

Northern Dancer is one of the world's largest tungsten-molybdenum deposits, hosted within a felsic intrusive complex and associated skarn mineralization. Historical work outlined mineralization through 134 drill holes, and prior technical studies contemplated the potential for open-pit mining. A preliminary economic assessment title "Preliminary Economic Assessment, Northern Dancer Project, Yukon, Canada" was completed in 2011 and is available on www.sedarplus.ca.

The Company believes Northern Dancer may represent a significant strategic tungsten-molybdenum asset in North America, particularly as governments and industries increasingly focus on securing Western critical minerals supply chains for defense, aerospace, energy, electronics and industrial applications. Tungsten is one of 34 critical minerals regulated under Canada's Critical Minerals Strategy. Any further advancement of Northern Dancer would require updated technical studies, metallurgical work, permitting review, community and First Nations engagement, environmental assessment, and project financing.

Currais Novos Tungsten Project - Brazil

The Currais Novos Tungsten Project is located near Currais Novos in the State of Rio Grande do Norte, Brazil, approximately 179 kilometers west-southwest of Natal. The project consists of tungsten-bearing tailings associated with the historic Barra Verde and Boca de Laje mines.

A preliminary economic assessment title "A Preliminary Economic Assessment of the Currais Novos Tailings Piles" was completed in 2011 and is available on www.sedarplus.ca.

Currais Novos was Largo's first operating asset which it developed and operated until 2012. In the current environment of elevated tungsten prices, Largo believes Currais Novos may represent a differentiated tungsten opportunity due to its focus on the reprocessing of historical tailings rather than the development of a conventional hard-rock mine. Potential advantages of such an asset include a smaller physical footprint, and the potential to combine critical mineral recovery with remediation of historical tailings material, subject to updated technical, environmental, permitting and economic evaluations.

Strategic Review Process

Largo has not set a definitive timetable for completion of the strategic review process, and there can be no assurance that the evaluation will result in any transaction or specific course of action. The Company may seek to engage a financial advisor or investment bank to assist with the strategic review process; however, no assurance can be given that any advisor will be engaged, that any strategic alternative will be pursued, or that any transaction will be completed.

The Company does not intend to provide further updates unless and until its board of directors approves a specific transaction or otherwise determines that disclosure is appropriate or required by applicable securities laws.

The Company intends to conduct any evaluation of the tungsten assets in a disciplined manner, with a focus on shareholder value, balance sheet flexibility, strategic alignment, and preservation of Largo's core operating priorities.

About Largo

Largo is the world's largest primary vanadium producer and a globally recognized supplier of high-quality vanadium products, sourced from its world-class Maracás Menchen Mine in Brazil. As one of the world's largest primary vanadium producers, Largo produces critical materials that empower global industries, including steel, aerospace, defense, chemical, and energy storage sectors. The Company is committed to operational excellence and sustainability, leveraging its vertical integration to ensure reliable supply and quality for its customers.

Largo is also strategically invested in the clean energy storage sector through its 37.4% ownership of Storion Energy, a joint venture with Stryten Energy focused on scalable domestic electrolyte production for utility-scale vanadium flow battery long-duration energy storage solutions in the U.S.

The Company also holds a 100% interest in the Northern Dancer Tungsten-Molybdenum property located in the Yukon Territory, Canada, and 100% interest in the Currais Novos Tungsten Project near Natal, Brazil. Preliminary economic assessments were completed for each asset in 2011.

Largo's common shares trade on the Nasdaq Stock Market and on the Toronto Stock Exchange under the symbol "LGO". For more information on the Company, please visit www.largoinc.com.

###

For further information, please contact:

Investor Relations
Vera Abdo
Investor Relations Consultant
+1.640.223.6956
largoir@mzgroup.com

Cautionary Statement Regarding Forward-looking Information:

This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking information in this press release may include, but is not limited to the Company considering strategic alternatives for certain of its tungsten assets and the form such strategic alternatives may take; the Company potentially engaging a financial advisor or investment bank to assist with assessing and executing on such strategic alternatives; the potential current and future value of the Company's tungsten assets; the manner in which any strategic alternative process will be conducted; whether any such strategic alternative will come to fruition; and whether any of such proposed strategic alternatives will have any positive impact on the value of the shares in the Company.

Forward-looking statements are necessarily based upon a number of estimates and assumptions including material estimates and assumptions related to the factors set forth below that, while considered reasonable by the Company as at the date of this press release in light of management's experience and perception of current conditions and expected developments, are inherently subject to significant business, economic, and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements, and undue reliance should not be placed on such statements and information. Such factors include, but are not limited to: general business and economic conditions and demand for minerals; demand for and changes in the spot and forward price of tungsten, V2O5 and other vanadium products, ilmenite, titanium dioxide pigment or certain other commodities (such as diesel fuel, sulphuric acid, ammonia sulphate and electricity); receipt of regulatory and governmental approvals, permits and renewals in a timely manner; operating or technical difficulties in connection with mining or development activities;; the availability of financing for operations and development; the Company's ability to fund operations and meet its financial obligations as they come due; the availability of funding for future capital expenditures; the ability to replace current funding on terms satisfactory to the Company increased costs and physical risks, including the impact extreme weather events including heavy rainfall; the reliability of production, including, without limitation, access to massive ore: the ability to procure equipment, services and operating supplies in sufficient quantities and on a timely basis; that the estimates of the resources and reserves at the Maracás Menchen Mine and other mineral properties are within reasonable bounds of accuracy (including with respect to size, grade and recovery and the operational and price assumptions on which such estimates are based); the accuracy of the Company's mine plan at the Maracás Menchen Mine; changes in mineral production performance, exploitation, and exploration successes; diminishing quantities or grades of reserves; the ability to protect and develop technology and IP; business opportunities that may be presented to, or pursued by, the Company; attracting and retaining skilled personnel, directors and key employees; risks related to the failure of internal controls; the ability of management to execute the strategic goals and any potential strategic alternatives of the Company; uncertainty regarding future sales volumes and customer demand; changes in global trade policies, including the imposition of tariffs or other trade restrictions by the United States or other jurisdictions; and the impact of inflation.

Forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved", although not all forward-looking statements include those words or phrases. In addition, any statements that refer to expectations, intentions, projections, guidance, potential, or other characterizations of future events or circumstances contain forward-looking information. Forward-looking statements are not historical facts nor assurances of future performance but instead represent management's expectations, estimates, and projections regarding future events or circumstances. Forward-looking statements are based on our opinions, estimates and assumptions that we considered appropriate and reasonable as of the date such information is stated, subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Largo to be materially different from those expressed or implied by such forward-looking statements, including but not limited to those risks described in the annual information form of Largo and in its public documents filed on www.sedarplus.ca and available on www.sec.gov from time to time. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Although management of Largo has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated, or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Largo does not undertake to update any forward-looking statements, except in accordance with applicable securities laws. Readers should also review the risks and uncertainties sections of Largo's annual and interim MD&A, which also apply, and the associated filings made with the applicable Canadian and United States securities regulatory authorities.

Trademarks are owned by Largo Inc.

Source: Largo Inc.

[LoneClone] [REE] Medaro Mining Announces High-Grade Copper and Gold Assay Results from Sam...

LoneClone — 5/28/2026 11:50:33 AM

[REE] Medaro Mining Announces High-Grade Copper and Gold Assay Results from Sampling Program at the Bastnas Project in Sweden

Initial results also highlight encouraging rare earth element (REE) potential, with several samples returning strongly elevated Ce-La-Y values
High-resolution drone magnetic survey underway

newsfilecorp.com

May 28, 2026 6:00 AM EDT | Source: Medaro Mining Corp.

Vancouver, British Columbia--(Newsfile Corp. - May 28, 2026) - Medaro Mining Corp. (CSE: MEDA) (OTCID: MEDAF) (FSE: 1ZY) ("Medaro" or the "Company") is pleased to announce the receipt of highly encouraging results from a rock chip sampling program from its Bastnäs Project (the "Project") which is located in the prolific Bergslagen Mining District in central Sweden. Assay results have been received from ALS Scandinavia Laboratory for the first 97 samples out of more than 200 surface samples taken during the current field program. In parallel, a high-resolution drone magnetic survey is currently underway.

Sampling occurred primarily within the 1,130 hectare extent of the Bastnäs 100 and 200 permits which include numerous underground and open pit iron and copper workings, including the more modern Bäckegruvan magnetite operations closed in the late 1970s. The mineral exploration permits also extend over the world-famous Bastnäs historical mine workings, where rare earth elements cerium and lanthanum were first discovered in the mineral cerite during the 19th century. The purpose of this surface sampling program and the drone magnetic survey is to determine the overall copper, gold and REE prospectivity as a foundation for future exploration programs and drill targeting.

Copper and Gold Highlights
High-grade gold and copper assay results were returned from rock chip samples from multiple locations across the Project. The best reported assay results from selected waste rock at each cluster of historical mines are as follows:

To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com

High-grade copper results were found in samples visibly rich in chalcopyrite. Although some high-grade gold results are found directly with high-grade copper results, the variable Cu:Au ratio suggests a more complex pattern of mineralization history. The table above shows that high grade gold is not only associated with the old Bastnäs Mines at Area G (Gamla Bastnäsgruvor) but also with the copper-rich sulphide orebodies mined around the Persgruvan area (Area D).

The results to date are very encouraging and show that there are multiple occurrences of copper-gold mineralization that still require further exploration to determine extent, continuity, and significance. Many of the samples with good results are found spatially with magnetite which is consistent with historical descriptions of Iron Ore Copper Gold (IOCG) deposit potential; however, this interpretation requires further verification. Many iron assay results were over the reportable grade of 50% by weight and re-assaying is underway.

The region is also known for widespread magnesium-iron alteration that is associated with the formation of narrow magnetite veins within the steeply dipping foliation. Regional metasomatism has produced a wide range of alteration lithologies dominated by Ca-Mg-silicate and alumina-dominant mineralogy.

Field evidence also shows that whilst thinner ribbon veinlets and disseminations of sulphide appear to passively replace magnetite, the more massive chalcopyrite-rich sulphide breaks up the earlier magnetite to form a late-stage sulphide breccia. The extent of sulphide breccia is unknown and represents a prospective target for future exploration programs.

The following photographs show the nature of some of the high-grade Cu-Au samples found in this campaign to date.

Figure 1: High-grade copper and gold assay results from 3 samples (BS17-19) taken from the Persgruvan waste dumps (Area D). All three assay results show that the dominant sulphide is chalcopyrite. Numerous brecciated fragments of magnetite and wall rock schist are present, with corroded margins.

To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com

Figure 2: High-grade copper and gold assay results from sample BS53 at Area G from the old Bastnäs mining area (Gamla Bastnäsgruvor) where follow-up ore-grade REE analysis is pending. Sample BS17 is massive chalcopyrite with fine wall rock breccia xenoliths from the flooded open pits at the Haggruvan workings in Area I just north of Bäckegruvan mine.

To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com

Figures 3 and 4 below show the distribution of copper and gold assay results.

Figure 3: Distribution of copper assay results. Highest grades (>10% Cu) were found at Persgruvan (Area D) and Haggruvan (Area I).

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images.newsfilecorp.com

Figure 4: Distribution of gold assay results. Highest grade (11.3 g/t Au) found in Area G at the old Bastnäs workings (Gamla Bastnäsgruvor). Medium-grade gold grades (>1.6 g/t) found in the magnetite workings in Areas B-D are often associated with medium to high grade copper grades.

To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com

Rare Earth Element Highlights
Encouraging rare earth element (REE) indicators were also identified, with elevated cerium, lanthanum and yttrium values returned from several samples. Follow-up ore-grade REE analyses are in progress for selected samples, and additional results will be reported when available.

Figure 5 shows the distribution of the cerium (Ce) assay results across the sampling program thus far.

Figure 5: Distribution of Ce assay results showing the cluster of >10,000 ppm at Area G (Gamla Bastnäsgruvor). In total seven samples show Ce and La greater than the limit of detection. Elevated Y is also found with most of these. Elevated REE results have also been found in Area A, C, F and H in association with Fe-Ca skarn host rocks. Selected samples have been submitted for ore-grade REE analysis, with results pending.

To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com

Ongoing Work
Field work will continue in June 2026 to collect further samples from a number of other workings on the Project, plus samples from outcrop areas in between workings. The data will be used to supplement geological mapping in conjunction with the upcoming drone magnetic results that will be received before the end of May 2026.

Ongoing assay work includes REE and Fe over-grade results plus the receipt within two weeks of a further 33 samples that are currently in progress. By the conclusion of the program, a total of upt to 250 samples are expected to be collected and assayed.

Sampling Locations and Assay Procedures
In the past 40 years, substantial exploration drilling has been carried out culminating in the 2019 campaign by EMX Royalties and South 32. Figure 6 shows the extent of the Medaro project, the areas containing the 97 assay results and the old core drilling locations.

Figure 6: Base topographical map showing the extent of permits and historical surface drill holes. Historic mining areas that contain the 97 samples are shown in red dashed polygons, labelled A to I.

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The distribution of mining activities shows that there are two main trends, approximately northeast to southwest in orientation. Area D is known as Persgruvan and is linked to the closed Bäckegruvan mine via a development drift at the -360m level. The old mine workings to Area F (old Bastnäs mines including the Cerite Mine) and beyond are also linked underground to the exploration drift network from Bäckegruvan.

Many of the very old shallow mining activities were excavated for the extraction of high-grade magnetite and to a lesser extent copper sulphide. Waste rock fragments are usually found scattered in small piles around each old working and in general terms represent the local subsurface geology at each location. Many pieces have abundant sulphide, skarn minerals such as calcic amphibole and magnetite. Samples of the mined rock taken by the field team are typically 1kg in weight and mainly composed of 1-2 pieces. Each sample location was recorded with a GPS coordinate and each sample was also photographed in detail. In total 97 samples were collected by the field team in April 2026. The breakdown of sampling quantities is shown in Figure 1 above. Field and laboratory testing is ongoing with these first 97 results allowing geology and mineralization to be better understood for the remainder of the program.

Each sample has been prepared and assayed by accredited ALS Scandinavia laboratories based in Sweden. Procedures Au-AA23 and ME-MS61 were used for gold and trace elements. Quality control for the initial 97-sample program consisted of ALS internal laboratory QA/QC procedures. No external blanks, standards or duplicates were inserted by the Company for this initial reconnaissance sampling program. The Company intends to implement external QA/QC protocols for future systematic sampling and drilling programs. Over-grade copper results (>10,000 ppm) were re-assayed using method Cu-OG62 and over-grade gold results (>10 ppm) by method GRA21. Re-assay of over-grade iron is also underway with method Fe-OG62. REE assay results where the sum of Ce, La and Y (ppm) is >3000 ppm are being re-assayed using procedure ME-MS81h for ore grade REE. These results are pending.

Technical Disclosure and Cautionary Language
Rock-chip and waste-rock grab samples are selective and may not be representative of the mineralization on the Project. The reported results are intended to characterize the presence and tenor of mineralization in sampled waste-rock material and should not be interpreted as indicating the average grade, continuity, width, volume, or economic potential of mineralization on the Project. Additional systematic sampling, mapping, geophysics and drilling will be required to determine whether significant in-situ mineralization is present.

Besides new assay data created in this study, the project is also based on publicly available datasets, historical geological mapping, historical exploration information and regional geophysical data. The Company has not yet completed any re-sampling or independent verification of historical results that may be referenced in the study. Historical and third-party exploration results, including results from adjacent or nearby properties, should not be relied upon as evidence of mineralization on the Company's claims. Mineralization hosted on adjacent or nearby properties is not necessarily indicative of mineralization on the Project.

The property is an early-stage exploration project, and the surface sampling study does not constitute a mineral resource estimate, mineral reserve estimate, preliminary economic assessment or economic evaluation. Further fieldwork, sampling, geophysical verification and drilling will be required to determine whether significant mineralization is present on the Project. There are no historical mineral resources on the extent of the project.

Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Amanda Scott, a consultant of the Company and a "Qualified Person" as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects. The Qualified Person has reviewed the sampling, analytical and QAQC information underlying the 2026 rock-chip assay results disclosed in this news release. The Qualified Person has not independently verified all historical or third-party exploration information referenced herein. Such information is considered historical in nature, and which is provided for geological context and exploration targeting purposes only.

About the Bastnäs Project
The Bastnäs project in the central Bergslagen Mining belt of Sweden consists of two mineral exploration permits currently held by McKnight Resources AB ("MRAB"). Pending regulatory approval, from the Inspectorate of Strategic Products (ISP) and the Geological Survey of Sweden (Bergsstaten), the permits will then be transferred 100% to Medaro. Until such time the permits are owned and operated by MRAB.

Bastnäs 100 is a 269ha mineral exploration permit. Bastnäs 200 is an 867ha mineral exploration permit. Both permits are valid until February 2029.

About Medaro Mining Corp.
Medaro is a mineral exploration company focused on the acquisition and advancement of high-quality mineral projects in Ontario, Quebec and Sweden. The Company's strategy is to build shareholder value through systematic exploration, disciplined project evaluation, and responsible development.

For more information, investors should review the Company's public filings at www.sedarplus.ca.

On Behalf of the Company

Mark Ireton
Chief Executive Officer & Director
Medaro Mining Corp.
220 - 333 Terminal Avenue
Vancouver, BC V6A 4C1
info@medaromining.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. Forward-looking statements include, but are not limited to, statements regarding the exploration potential of the Project, the interpretation of geological, geophysical, geochemical and historical data, the identification and ranking of exploration targets, the Company's proposed exploration plans, and the potential for discovery of REE mineralization.

Forward-looking statements are based on assumptions considered reasonable by management as of the date of this news release, including assumptions regarding the accuracy of historical and publicly available data, the availability of financing, access to the Project, receipt of required permits, and the Company's ability to complete future exploration programs. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied, including exploration risk, geological uncertainty, permitting delays, market conditions, commodity price fluctuations, availability of contractors, environmental and regulatory risks and financing risks.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update forward-looking statements except as required by applicable securities laws.

Endnotes / References

Rock-chip and waste-rock grab samples are selective samples and may not be representative of the mineralization on the Project. The reported results are intended to characterize the presence and tenor of mineralization in sampled waste-rock material and should not be interpreted as indicating the average grade, continuity, width, volume, or economic potential of mineralization on the Project. Additional systematic sampling, mapping, geophysics and drilling will be required to determine whether significant in-situ mineralization is present.

To view an enhanced version of this graphic, please visit:
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Source: Medaro Mining Corp.

[LoneClone] [Titanium/Vanadium/Scandium] Eureka Metals Corp. Engages IOS Geosciences as Pro...

LoneClone — 5/28/2026 11:34:42 AM

[Titanium/Vanadium/Scandium]
Eureka Metals Corp. Engages IOS Geosciences as Project Manager for the Tyee Project

newsfilecorp.com

May 28, 2026 7:00 AM EDT | Source: Eureka Metals Corp.

Vancouver, British Columbia--(Newsfile Corp. - May 28, 2026) - Eureka Metals Corp. (CSE: ERKA) (OTCQB: UREKF) (FSE: S580) ("Eureka" or the "Company") is pleased to announce the engagement of IOS Geosciences ("IOS") to act as project manager for the Company's planned 2026 exploration campaigns at its Tyee Project located in the Havre-St-Pierre region of Québec.

IOS will oversee and coordinate Eureka's summer exploration activities at Tyee, including field logistics, technical staffing, geological services, contractor coordination, sampling programs, data management, and related operational support. IOS brings extensive experience managing exploration programs throughout Québec, including in remote and logistically challenging environments, and has supported numerous critical mineral and industrial mineral projects across the province.

"Having a highly experienced Québec-based technical and operational partner is extremely important as we advance the Tyee Project," said Danny Matthews, Chief Executive Officer of Eureka. "IOS brings decades of regional exploration experience, strong operational capabilities, and an established network of personnel and contractors throughout Québec. We believe their involvement will significantly strengthen the execution of our 2026 exploration programs."

About IOS Geosciences

Active throughout Québec since 1992, IOS is a leading geological and mineral exploration services company providing integrated technical, operational, and laboratory solutions to mineral exploration companies, mining companies, engineering firms, public agencies, industrial developers, and independent prospectors.

IOS is recognized for its multidisciplinary expertise, offering clients comprehensive support for all stages of exploration programs, including geological services, project management, field logistics, sampling, camp management, geochemistry, applied mineralogy, GIS integration, and NI 43-101 technical support.

Over more than three decades, IOS has participated in over 1,700 exploration and mining-related projects across Québec, Canada, and internationally. The company has worked with a broad range of junior and senior mining companies and has been involved in projects focused on critical minerals, graphite, gold, base metals, diamonds, industrial minerals, and specialty metals.

IOS has developed a strong reputation within the Québec mining industry for its advanced laboratory and mineral characterization capabilities, including collaborations involving electron microscopy and applied mineralogy technologies. The company has also received industry recognition and innovation awards for its contributions to the mineral exploration sector, including recognition by Metals & Mining Review as one of Canada's Top Mining Service Companies.

Market Maker Engagement

The Company also announces that it has engaged Independent Trading Group ("ITG") to provide market-making services in accordance with Canadian Securities Exchange ("CSE") policies. ITG will trade shares of the Company on the CSE and other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the Company's common shares.

The agreement is for an initial term of one month and will renew for additional one-month terms unless terminated. The agreement may be terminated by either party with 30 days' notice. There are no performance factors contained in the agreement and ITG will not receive shares or options as compensation. ITG and the Company are unrelated and unaffiliated entities and, at the time of the agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the Company.

About Independent Trading Group

Independent Trading Group (ITG) Inc. is a Toronto-based CIRO dealer-member that specializes in market making, liquidity provision, agency execution, ultra-low latency connectivity, and bespoke algorithmic trading solutions. Established in 1992, ITG has leveraged its proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors.

About Eureka Metals Corp.

Eureka Metals Corp. is a Canadian mineral exploration company focused on the acquisition and advancement of exploration projects in Canada. The Company holds a 100% interest in the Tyee Titanium Project in Québec, prospective for titanium-vanadium-scandium mineralization, and an option to acquire a 100% interest in the Cabin Lake Polymetallic Project in British Columbia, prospective for silver-lead-zinc-gold mineralization.

On behalf of the Board of Directors:

Danny Matthews
Chief Executive Officer
Email: info@eurekametals.com

Cautionary Statement
Certain statements contained in this news release, including statements which may contain words such as "will", "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions, and statements related to matters which are not historical facts within the meaning of applicable securities laws. Such forward-looking statements reflect management's expectations and are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking statements. The Company believes that the expectations reflected in the forward-looking statements contained in this news release are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company undertakes no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law.

The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.

Source: Eureka Metals Corp.

[LoneClone] [Antimony] Critical One Energy Signs Strategic MOU to Advance Infrastructure at...

LoneClone — 5/28/2026 11:32:51 AM

[Antimony]
Critical One Energy Signs Strategic MOU to Advance Infrastructure at Howells Lake Antimony-Gold Project

newsfilecorp.com

May 28, 2026 6:50 AM EDT | Source: Critical One Energy Inc.

Toronto, Ontario--(Newsfile Corp. - May 28, 2026) - Critical One Energy Inc. (CSE: CRTL) (OTCQB: MMTLF) (FSE: 4EF) ("Critical One" or the "Company") is pleased to announce the signing of a strategic Memorandum of Understanding (the "MOU") with Green Infrastructure Partners Inc. ("GIP"), one of Canada's largest civil infrastructure companies. The MOU sets the framework for GIP to support road planning, civil works, workforce training, and contract mining services at the Company's flagship Howells Lake Antimony-Gold Project ("Howells Lake Project") located approximately 120 kilometres west of the Ring of Fire access corridor in Ontario, Canada. GIP's active Northern Ontario infrastructure work with the provincial government creates planning synergies for the Howells Lake Project, including access route considerations, as the project advances.

"This MOU brings one of Canada's largest civil infrastructure groups into the Howells Lake story at the right moment," said Duane Parnham, Founder, Executive Chairman and CEO of Critical One. "We have advanced our Howells Lake Project from a historic antimony-gold system into an active, permitted project, with drilling of high-grade antimony, including near-pure stibnite (see the news release dated May 15, 2026). This drill work supports the Howells Lake Project's potential as a direct-shipping-ore route to military and industrial buyers, and GIP helps us plan the road access, infrastructure, and haulage of ore to market. We now have the asset, the permits, and the partners to position Howells Lake as a North American source of critical minerals for defence, technology, and clean energy."

Highlights:

Establishes a framework to bring GIP's heavy civil infrastructure capacity into Howells Lake Project planning ahead of broader Northern Ontario infrastructure demand.
Scope includes road planning and construction, civil works and certified heavy equipment operator training for First Nation community members delivered with Fleming College in Lindsay, Ontario, through the Parnham Family Student Endowment, and a first right of refusal for GIP on contract mining and material supply.
Aligns the Howells Lake Project with the broader Northern Ontario critical minerals infrastructure build-out, including Ontario's Ring of Fire road program, with construction scheduled to begin in June 2026.
Initial term of 24 months; non-binding pending definitive agreements.

The MOU positions GIP as Critical One's intended key infrastructure partner from exploration through future development planning, providing the Company with early access to heavy civil capacity at a time when infrastructure demand in Northern Ontario is accelerating.

Specific services and commercial terms remain subject to definitive agreements, Eabametoong First Nation ("EFN") cooperation, regulatory approvals, and applicable permits. All activities are expected to be carried out in cooperation with EFN under the existing Exploration Agreement announced in a press release on March 12, 2026.

About Green Infrastructure Partners Inc.

Green Infrastructure Partners Inc., headquartered in Toronto, Ontario, was formed on its acquisition of GFL Infrastructure Group and Coco Paving and their respective affiliates. GIP is a leading provider of civil infrastructure services with 33 asphalt plants, eight concrete plants, access to over 250 aggregate sites, an asphalt cement terminal in Eastern Ontario and more than 3,000 employees across its operations.

About Critical One Energy Inc.

Critical One Energy Inc. is a Canadian critical minerals and upstream energy company focused on metals essential to energy, technology and national defence supply chains. The Company is advancing the Howells Lake Antimony-Gold Project, which provides Critical One with direct exposure to antimony, a critical mineral of increasing strategic importance to Western nations, as well as meaningful gold exploration potential across the property. Backed by seasoned management expertise, Critical One is positioned to advance high-value mineral projects aligned with the rising demand for secure supply of critical minerals. The Company also holds uranium and copper assets in Namibia, providing additional exposure to critical minerals and energy metals.

Additional information about Critical One Energy Inc. can be found at criticaloneenergy.com and on the Company's SEDAR+ profile at www.sedarplus.ca.

For further information, please contact:

Duane Parnham
Executive Chairman & CEO
Critical One Energy Inc.
+1 (416) 489-0092
ir@criticaloneenergy.com

Media inquiries:

Adam Bello
Manager, Media & Analyst Relations
Primoris Group Inc.
+1 (416) 489-0092
media@primorisgroup.com

Neither the Canadian Securities Exchange nor CIRO accepts responsibility for the adequacy or accuracy of this release.

Forward-looking Statements

This news release contains "forward-looking information" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as "may", "will", "expect", "likely", "should", "would", "plan", "anticipate", "intend", "potential", "proposed", "estimate", "believe" or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen, or by discussions of strategy. Forward-looking information contained in this press release includes, but is not limited to, statements relating to the Company's business strategy and objectives.

Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that: the Company will have the resources required in order to conduct its business as currently operated.

However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, risks relating to the mining industry in general, and other risks as described in the Company's continuous disclosure record on SEDAR+.

Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. The Company does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.

Source: Critical One Energy Inc.

[LoneClone] [Manganesee] Giyani Announces Positive Definitive Feasibility Study Results for...

LoneClone — 5/28/2026 11:29:30 AM

[Manganesee] Giyani Announces Positive Definitive Feasibility Study Results for the K.Hill Battery-Grade Manganese Project in Botswana

newswire.ca

News provided by Giyani Metals Corp. May 28, 2026, 07:02 ET

TORONTO, May 28, 2026 /CNW/ - Giyani Metals Corp. (TSXV: EMM) (GR: A2DUU8) ("Giyani" or the "Company"), is pleased to announce the results of the Definitive Feasibility Study ("DFS") for its 100%-owned K.Hill Battery-Grade Manganese Project ("K.Hill" or the "Project"), located in the Kanye Basin, Botswana. The DFS supports the declaration of Mineral Reserves and demonstrates strong project economics for the production of battery-grade manganese including high-purity manganese sulphate monohydrate ("HPMSM") and high-purity manganese oxide ("HPMO") for the global battery materials market.

Figure 1 1: Unit Operating Cost - LOP

Figure 1 2: Global battery-grade manganese demand/supply – 2020 – 2040 (contained Mn)

Figure 1 3: Base case life of mine pit design

Figure 1 4: High Level Project Schedule

DFS Highlights (Base Case, Real US$, 8% Discount Rate):

Strong economic returns: a post-tax net present value ("NPV"), at an 8% discount rate, of US$481.5 million and a post-tax internal rate of return ("IRR") of 20.3%.
Strong free cash flow and operating margins: net free cash flow over the Life of the Project ("LOP") is estimated at US$1.6 billion with an operating margin of 46%.
Dual battery product offerings: HPMSM and HPMO, and a saleable by-product.
Geological upside: Inferred resources of 4.4 million tonnes are excluded from the LOP, providing potential to extend mine life and support a higher-grade production profile for a longer period.
Demonstration plant: The successful operation of the demonstration plant has been fundamental in supporting the final development of the process that now serves as the basis for the DFS.
Further optimization work: Manganese recovery is 87% with additional test work planned to further improve economics. Other initiatives include front-end engineering and design ("FEED") work including plant layout optimisation, increased utilization of solar power, evaluation of lower-carbon reagent sourcing options, and expanded international procurement activities, all aimed at reducing capital requirements and further lowering operating costs.

All financial figures are stated in real US$ (constant January 1, 2026, money). NPV is discounted at 8% real to Project start date of April 1, 2027.

Corporate Presentation

A new corporate presentation that incorporates the results of the DFS has been uploaded to Giyani's website at edge.prnewswire.com.

Nigel Robinson, Interim Executive Chair of the Company, commented:

"We are pleased to announce the results of the DFS for our K.Hill Battery-Grade Manganese Project in Botswana. These results demonstrate strong economic returns and endorse K.Hill as a unique, mine-to-market battery-grade supplier of manganese to meet growing Western demand, and provide a solid foundation for further optimization and continued development of the Project.

Building on the successful production of both HPMO and HPMSM from our Demonstration Plant in Johannesburg, we are now well-positioned to meet the evolving requirements of the battery and energy storage markets. With China controlling 95% of manganese processing capacity, access to non-China supply of this critical material is constrained. The DFS marks a significant step towards a viable solution.

Alongside the optimization work that we will now be looking to undertake in the next phase of the Project's delivery; we will be progressing our discussions with strategic partners and evaluating opportunities within the battery-grade manganese sector that have the potential to enhance value for our shareholders.

I would like to thank the Industrial Development Corporation of South Africa, Arch Emerging Markets Partners and all of Giyani's shareholders for their support, both financially and strategically. We look forward to continuing to strengthen our relationship during the next phase of Giyani's development. The Giyani team has also worked tirelessly to advance each of the key workstreams leading up to the publication of the DFS, and I would like to thank them for their dedication and continued commitment throughout the process"

Operational and Economic Highlights
The DFS is based on a Mineral Reserve Estimate that will be detailed in the updated National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") compliant technical report on the Project. The NI 43-101 report will include the full results of the DFS and will be filed within 45 days of this release under the Company's profile on SEDAR+ at www.sedarplus.ca and made available on the Company's website at www.giyanimetals.com. All financial figures are quoted in US$ and figures in the tables below may not add due to rounding.

Table 1-1: Operational and Economic Highlights

Metrics	Units	Results
Project summary
Type of mine	-	Conventional open pit mine
Type of production facility	-	Hydrometallurgical facility
Life of the Project	years	25
Net realized price assumption
Average realized HPMSM price	US$/t	3,220
Average realized HPMO price	US$/t	4,004
Production		LOP
Total ore mined	dry kt	6,228
Run-of-mine manganese grade	% Mn	11.21
Steady-state metallurgical recovery	%	87
Total HPMSM produced	kt	1,504
Total HPMO produced	kt	99
Project cash flow		LOP
Revenue from HPMSM	US$M	4,856
Revenue from HPMO	US$M	395
Total operating costs	US$M	2,781
Total operating profit	US$M	2,424
Initial capital expenditure excl. contingency	US$M	480
Contingency on initial capital	US$M	55
Total initial capital expenditure	US$M	535
Sustaining capital expenditure	US$M	139
Closure cost provisions	US$M	51
Total LOP capital expenditure	US$M	679
Project economics		Pre-tax	Post-tax
NPV (8% real discount rate)	US$M	531	481
IRR	%	21.1	20.3
Payback from start of processing, undiscounted	years	4.7	4.8
Cumulative cash flow, undiscounted	US$M	1,745	1,599
Notes: Net realized prices for HPMSM at port in South Africa, assuming 70% of sales to North America and 30% sales to Europe. Net realized prices for HPMO at port in South Africa, assuming 70% of sales to Europe and 30% sales to North America.

Capital Cost Expenditures
The capital costs estimate for the K.Hill Project DFS was prepared in accordance with the Association for the Advancement of Cost Engineering International (AACEI) Class 3 estimate classification guidelines as a minimum and should be within an accuracy range of -10% to +25% at a probability of no more than 80% after inclusion of the contingency.

The base date of the estimate is January 1, 2026, which will be the date for calculation of forward escalation costs for equipment supply packages and construction installation/erection contracts including Engineering, Procurement, Construction and Management ("EPCM") and all estimated capital costs.

Pricing has been derived from a combination of fixed and firm quotations, budget quotations, historical cost data, and engineer's estimates. Growth allowances have been applied on a discipline-specific basis, and a Quantitative Risk Analysis (QRA) was undertaken, resulting in a P80 contingency allowance of 11.5% being incorporated into the estimate.

The estimate includes direct costs associated with the process plant, the waste rock dump ("WRD") and tailings storage facility ("TSF"), bulk power and water supply, project infrastructure, facilities, utilities, and supporting services, as well as indirect costs such as engineering, project management, construction management, commissioning, and owner's costs. Appropriate allowances have also been included for contingency, reflecting the level of engineering definition, scope maturity, and inherent risks identified at this stage of the Project.

The estimate is based on an engineering definition maturity of approximately 10% – 40%, supported by process flow diagrams, preliminary piping and instrumentation diagrams, layout drawings, developed equipment lists, and discipline-specific material take-offs.

Table 1-2: Capital Estimate Summary

Description	Total (US$ million)	% of Total
Direct Costs
Mechanical and Plant	260.11	60.0
Structural and Civil Works	106.93	24.6
Electrical and Instrumentation	54.64	12.6
Buildings	8.06	1.9
Mobile Equipment	3.49	0.8
Mining (outsourced)	0.58	0.1
Total Direct Costs	433.80	100
EPCM Estimate	37.61
Owner's Costs	8.69
Total Cost excl. Contingencies	480.10
Contingency (P80, 11.5%)	55.13
Total Project Cost	535.22

Operating Cost Expenditures
The operating cost ("Opex") is based on the production schedule generated by the mining contractor, recovery as per the mass balance, process design criteria and budget quotations for reagents and consumables.

Costs are presented in real US$ terms (January 1, 2026 base) and exclude escalation. The Opex estimate is made up of the following areas:

Table 1-3: Summary of average LOP operating cost estimate

Category	US$k per annum	US$ per tonne mined	US$ per tonne processed	US$ per tonne HPMSM equivalent	% of Total
Mining dry Opex	11,019	46	54	166	10.3
Mining fuel Opex	3,366	14	16	51	3.2
Reagent Opex	45,306	182	212	657	40.7
Consumables Opex	6,143	25	29	89	5.5
Power Opex	26,210	109	127	396	24.5
Raw water Opex	340	1	2	5	0.3
Labour Opex	8,845	37	43	133	8.3
Contractors Opex	3,554	15	17	54	3.3
TSF Opex	1,597	6	7	23	1.4
Other (Owners) Opex	2,609	11	13	39	2.4
Total Opex	108,990	446	520	1,614	100

During the earlier period of "higher-grade" mine production, the Opex per tonne HPMSM equivalent ranges from approximately US$1,300 – US$1,500 before increasing to US$1,580 – US$1,890 per tonne during the period of "lower-grade" mine production.

Reagents and power remain the largest cost drivers, collectively accounting for most of the processing costs, while mining dry costs and logistics constitute the principal non-process contributors.

The following key risks and opportunities were identified:

Reagent optimization presents a significant opportunity to reduce Opex.
Power efficiency initiatives (load shifting, variable speed drives, and solar PV optimization) could mitigate exposure to tariff increases.
Inclusion of export re-handling in a bonded warehouse could streamline containerization and potentially reduce port congestion risk.

Market Analysis and Pricing2

Giyani's battery-grade manganese strategy is built around a structurally tightening market for battery-grade manganese products, especially HPMSM and HPMO, which are essential precursors for nickel manganese cobalt ("NMC"), lithium manganese iron phosphate ("LMFP"), lithium manganese oxide ("LMO"), lithium manganese nickel oxide ("LMNO") and other manganese-bearing lithium-ion battery chemistries. Giyani engaged SC Insights and Fastmarkets to provide independent market intelligence and pricing support, reinforcing management's view that battery-grade manganese is a strategically important raw material for electric vehicles ("EVs") and energy storage systems ("ESS") supply chains.

The key market distinction between manganese used in steelmaking and high-purity manganese used in batteries is that battery-grade material requires much more complex refining, and only a limited number of producers can meet the purity standards required by cathode manufacturers. This technical barrier constrains supply and supports the case for premium pricing, particularly for western supply chains seeking diversification away from China.

Demand is expected to rise sharply as EV and ESS adoption continues to expand. Battery-grade manganese demand is forecast to grow at about 11% compound annual growth rate ("CAGR") from roughly 175 ktpa of contained manganese in 2025 to around 800 ktpa by 2040, while supply is expected to rise from about 215 ktpa to 630 ktpa over the same period. On that basis, the market is expected to move into deficit in 2029 and remain undersupplied through the medium to long term, which should underpin pricing.

China remains the dominant supplier, accounting for roughly 95% of battery-grade manganese production in 2025, but new western capacity could reduce that share to around 70% over time. Even so, the current and forecast supply base remains tight, especially in Europe and North America, where demand is projected to rise from about 80 ktpa in 2025 to around 350 ktpa by 2040, while supply only increases from about 6 ktpa to roughly 65 ktpa. That gap underscores the strategic importance of projects located outside those regions.

Battery chemistry trends are moving in manganese's favour. OEMs are increasingly shifting away from high-nickel, cobalt-intensive chemistries toward mid-nickel and manganese-rich formulations to improve cost, safety and supply security. This reinforces the longer-term growth outlook for manganese intensity per battery.

Economically, manganese remains a relatively small component of total battery cost, even in high-nickel cells, which suggests pricing could be relatively inelastic. The base-case pricing assumptions used in the DFS estimate HPMSM rising from US$2,700 in 2026 to US$3,300 by 2031 and holding around US$3,200 long term, while HPMO rises from US$3,200 in 2026 to about US$4,000 long term.

Mineral Reserve Statement
The DFS supports the declaration of a Mineral Reserve estimate at K.Hill, prepared in accordance with CIM Definition Standards (2014) and reported under NI 43-101.

K.Hill Mineral Reserve Statement (Effective Date: April 30, 2026)

Classification	Tonnes (Mt)	Mn (%)	MnO (%)
Proven	1.92	14.5	18.8
Probable	3.42	10.6	13.7
Proven + Probable	5.35	12.0	15.5

Notes:

The Mineral Reserve estimate was reported in accordance with the guidelines of the National Instrument 43-101
The Mineral Resources were reported inclusive of the Mineral Reserve
The basis of the Mineral Reserve estimate was the delivery of run-of-mine material to the processing plant from the related run-of-mine stockpile
Tonnage estimates were reported in dry metric units as million tonnes
Include Mineral Reserve cut-off grades
Minor rounding discrepancies may occur.

Mineral Resource Estimate
Mineral Resources are reported inclusive of Mineral Reserves, at a cut-off grade of 8.8% MnO. The Mineral Resource Estimate has an effective date of October 20, 2025, which is the date at which all data was provided to ERM, and the Mineral Resource Estimate was reported by ERM on March 27, 2026.

K.Hill Mineral Resource Statement

Classification	Tonnes (Mt)	MnO (%)
Measured	1.8	20.8
Indicated	4.2	14.7
Measured + Indicated	6.0	16.5
Inferred	4.4	14.7

Notes:

The Mineral Resource has been classified and reported under the guidelines defined by the Canadian Institute of Mining, Metallurgy and Petroleum in their document CIM Definition
Standards for Mineral Resources and Mineral Reserves (CIM 2014).
Mineral Resources are not Mineral Reserves and have not demonstrated economic viability.
Mineral Resources are stated as in situ dry tonnes; figures are reported in metric tonnes.
Figures have been rounded to the appropriate level of precision for the reporting on Mineral Resources.
Estimation has been completed within six different mineralisation domains.
Mineral Resources are reported assuming open pit mining methods.
The Mineral Resource is reported within a conceptual pit shell determined using a price of US$1,006/t Ore based on 72% HPMO and 32.51% HPMSM with average grade of 15.8% MnO (12.2% Mn), conceptual parameters, and costs to support assumptions relating to reasonable prospects for eventual economic extraction.
Costs to support assumptions relating to reasonable prospects for eventual economic extraction.
The Mineral Resource is reported at a cut-off grade of 8.8% manganese oxide.
The estimate of Mineral Resources may be materially affected by environmental, permitting,
Legal, title, taxation, socio-political, marketing, or other relevant issues. CSA Global is not aware of any environmental, permitting, legal, title, taxation, socio-economic, marketing, political, or other any other relevant factors affecting the MRE.
HPMSM price quoted is based on 2024 Client and market data, which was available at the time of reporting the Mineral Resource. Additional pricing information will be available for input into subsequent technical studies, and this may impact on the Mineral Resource reported.

Mining

A conventional drill-and-blast, truck-and-shovel mining method was selected for the K.Hill operation. This method was considered the most appropriate for the deposit geometry, rock strength characteristics, and selective mining requirements associated with narrow manganese seams.

Hydraulic excavators in the 85-tonne to 90-tonne class and haul trucks in the 30-tonne to 40-tonne class were selected based on productivity requirements, haul distances, and operational flexibility. The selected fleet configuration supported multiple active mining faces, facilitated grade blending, and provided resilience to localized variations in ground conditions.

Haulage performance and fleet adequacy were validated using haulage simulation modelling. The simulation confirmed that the selected fleet could meet the scheduled production targets within the assumed operating hours, availability, and utilization parameters.

The detailed pit design was developed from the selected optimization shells, incorporating geotechnical slope parameters, bench configurations, haul-road geometry, and operational access requirements as shown in the figure below. Bench heights of 10 metres, inter-ramp angles of approximately 37° to 38°, and dual-lane haul roads were adopted to ensure safe and efficient operations.

A production schedule was developed to support a steady-state run-of-mine feed rate of approximately 220 ktpa, shown in the following figure, resulting in an estimated 25-year life of mine. The mining sequences were designed to prioritize higher-grade A seam material during the early years of the operation, followed by progressive extraction of deeper B and C seam material as the pit developed.

Processing

The plant is designed to process 220 ktpa of dry run-of-mine ore extracted from the K.Hill Manganese open pit. The process plant primarily produces two main products: HPMSM and HPMO.

The intention is to blend the different mineralized ore layers to an acceptable manganese head grade ahead of the processing plant using dedicated ROM stockpiles and a blending stockpile.

The processing plant will comprise the following:

An ore receiving area, where ore (-300 mm transfer size) is temporarily stockpiled in a blending area.
Two stage closed circuit crushing facility to produce a P100 crusher product of 13 mm feed to the milling circuit. When the ROM feed contains a high percentage of fines, a wet rotary scrubber is employed as an option prior to milling to remove the fines fraction already at 150 micron – this to prevent over-grinding.
Milling comprises a closed-circuit ball mill to produce a P80 grind size of 150 microns and a product thickener.
Reductive acid leach using concentrated sulphuric acid (H2SO4) with sulphur dioxide (SO2) as reductant.
Iron & aluminium removal by precipitation, followed by base metal removal via ion exchange.
Manganese precipitation from the pregnant leach solution, followed by a redissolution step to get rid of entrained impurities. The redissolved solution goes to crystallization where HPMSM crystals are formed. This is then dried and packaged as first product.
Precipitation and conversion of the remaining manganese in the purged impurity stream from the HPMSM crystallizer to form HPMO. This is then filtered, dried and packaged as second product.
Calcium removal from the filtrate from HPMO conversion. This low calcium solution feeds a reverse osmosis plant from where the brine is sent to a second crystallizer to produce saleable by-product. This is dried and packaged as by-product.
Tailings handling circuit, including tailings pumping facility. The tailings slurry is transferred to the TSF and process water is returned for use in the milling circuit.
Reagent storage, dosage and make-up facilities.
Sulphuric acid plant to generate the required acid and SO2, with start-up boiler and steam turbine.
Reagent storage and distribution.
Compressed air facility for supply of plant and instrument air as well as blowers for dilution in the SO2 scrubbing circuit.
Water services, with high quality water generated with two reverse osmosis plants. This water is used as gland service, potable water, cooling water, boiler feed water, spray water and process water after comminution.

Waste Rock Dump and Tailings Storage Facility

Both the WRD and TSF designs are considered technically robust at DFS level and supported by comprehensive specialist studies. The WRD design is stable, feasible within the constrained footprint, and meets recognized international guidelines, provided recommended monitoring, testing, and stormwater controls are implemented. The TSF Option 2A design is suitable for site conditions, meets ANCOLD stability criteria, and provides sufficient capacity through year 25 of operations, with future expansion expected via a separate facility.

The WRD and TSF designs are based on detailed geotechnical and hydrological investigations and conform to recognised international best practice and relevant standards, including GISTM, SANS 10286, ANCOLD, ICOLD, and South African GN 704 requirements.

The TSF is planned to be built in phases to accommodate the LOP tailings. Phase 1 comprises the starter wall and associated raises required to provide sufficient capacity for the first 10 years of operation. Phase 2 involves staged raising of the facility meeting the storage requirements at year 25. Each raise includes a low-permeability upstream zone with a liner, and access is maintained via existing haul roads and a dedicated causeway to the decant structure. Foundation conditions, material availability and tailings properties support the downstream raised embankment configuration, inverted Class C barrier and underdrainage system. Seepage and stability analyses for the starter and Phase 2 walls, under conservative pore pressure and loading assumptions, yield factors of safety that meet or exceed ANCOLD criteria for drained, undrained, post-liquefied and pseudo-static conditions.

The WRD and ore stockpile areas are designed with compacted floor preparation and controlled drainage rather than a fully lined dump footprint, supported by perimeter drainage and sediment-control structures to manage contact water.

Site and Infrastructure

The project infrastructure has been developed to support the operations of the mine and process plant over the LOP.

The project infrastructure includes waste rock management, tailings storage and associated water management systems, bulk electrical power generation and distribution, bulk water supply and transfer infrastructure, site facilities and buildings, access and internal road networks, and supporting services such as security, sewage, fire protection, communications, and fuel storage.

Bulk electrical power will be supplied via a new 132 kV connection from the Botswana Power Corporation ("BPC") Mmakgodumo Substation, supplemented by a 20 MWac photovoltaic ("PV") solar plant under a Build-Own-Operate-Transfer arrangement to reduce grid reliance and lower carbon footprint. Emergency generators will supply power to critical drives and systems when the main grid is offline due to fault or maintenance.

Bulk water supply will be provided through a combination of Water Utilities Corporation ("WUC") boreholes and Giyani owned boreholes within the Dilokwane wellfield, supported by new reservoirs, pump station upgrades, and dedicated transmission pipelines.

Clean water from the catchments upstream of mining infrastructure will be diverted around the proposed infrastructure. Dirty stormwater will be collected on site and reused. Collected stormwater in the channels will be conveyed into the process/contact water containment dams.

Project Execution Plan and Schedule

The project execution strategy begins with a FEED phase focused on completing additional testwork, finalising process design documentation, updating piping criteria, and advancing specifications for long-lead items such as the acid and SO2 plant. Early works packages--including bulk earthworks, power supply, and water infrastructure--are prepared for tender alongside detailed planning for procurement, construction, risk, and project execution management. Following FEED, the project proceeds into detailed engineering, including full design of the acid and SO2 plant as a package unit.

Procurement prioritises long-lead equipment such as the acid and SO2 plant, transformers, crystallizers, drying and packaging plants, and major process equipment, while early works contracts are scheduled for award in late 2026 and early 2027. Construction spans approximately 20 months, commencing with bulk earthworks in April 2027, followed sequentially by civil concrete works, structural erection, mechanical installation, platework, and electrical and instrumentation works. Commissioning begins with cold commissioning in November 2028 and hot commissioning in early 2029, with first ore feed in March 2029 and ramp-up to design throughput of 220 kt/a by June 2029.

Qualified Persons

The scientific and technical information in this news release has been reviewed and approved by the following Qualified Persons ("QPs") as defined under NI 43-101, each of whom is independent of the Company:

Qualified Person	Discipline / Scope / Responsibility	Company
Malcolm Titley (MAIG)	Mineral Resource Estimate	ERM Global
Luhann Theron (Pr.Sci.Nat)	Geological Setting and Mineralization, Deposit Types, Exploration, Drilling, Sample Preparation, Analysis and Security	Giyani
Jaco Lotheringen (Pr Eng)	Mineral Reserve Estimate, Mining Methods, Mining Capital cost, Mining Operating cost	Ukwazi
Bridget Rodrigues (CEng)	Mining Geotechnical	Knight Piésold
Martiens Prinsloo (Pr.Sci.Nat)	Hydrogeology	Knight Piésold
Amanda Cassa (Pr Eng)	Hydrology	Knight Piésold
Michael Plichta (Pr Eng)	Civil Geotechnical	Knight Piésold
Justin Texeira (Pr Eng)	Tailings Storage Facility (TSF) and Waste Rock Dump (WRD) Design and associated Capital Cost	Knight Piésold
Jeffrey Stevens (Pr Eng)	Metallurgy, Process Design, Infrastructure, Capital Cost, Process Plant Operating Cost	Wood
Dennis Cowen (FSAIMM)	Economic Analysis	Giyani
Sean Thijsse CFA	Market Analysis and Contracts	Giyani
Anthony Avis (Pr.Sci.Nat)	Environmental Studies, Permitting and Social	Coastal & Environmental Services (CES)

About Giyani
Giyani is focused on becoming the preferred western-world producer of sustainable, low-carbon high-purity battery-grade manganese for the EV and ESS industry. The Company has developed a bespoke hydrometallurgical process to produce battery-grade manganese products, for cathode precursor materials, critical for EVs and ESS.

Additional information and corporate documents may be found on www.sedarplus.ca and on Giyani Metals Corp. website at edge.prnewswire.com.

On behalf of Giyani Metals Corp.
Nigel Robinson, Interim Executive Chair

Neither the TSX Venture Exchange (the "TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statements Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities laws, including statements regarding the DFS results, expected project economics, NPV, IRR, capital and operating costs, production rates, mine life, Mineral Reserves and Mineral Resources, commissioning and first ore feed dates, and the filing of the Technical Report. Forward-looking statements are based on assumptions including, without limitation, HPMSM and HPMO prices, head grades, plant recoveries, capital and operating cost estimates, exchange rates, the availability of financing, permitting and licence renewal, contractor performance, and the relocation of community water infrastructure required to access the northern mining envelope. Actual results may differ materially. Material risks include commodity price volatility, head-grade variability and selective mining performance, capital and operating cost overruns, geotechnical and hydrogeological conditions, permitting and tenure (including renewal of ML0434/2024 beyond 2039), and execution risks identified in the Technical Report. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There is no certainty that any part of the Mineral Resources will be converted to Mineral Reserves. The Company cautions that historical results or current estimates are not necessarily indicative of future performance.

All statements in this news release, other than statements of historical fact, that address events or developments that Giyani expects to occur, are "forward-looking statements". Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "does not expect", "plans", "anticipates", "does not anticipate", "believes", "intends", "estimates", "projects", "potential", "scheduled", "forecast", "budget" and similar expressions, or that events or conditions "will", "would", "may", "could", "should" or "might" occur.

All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to certain assumptions, important risk factors and uncertainties, many of which are beyond Giyani's ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of Giyani, these facts include anticipated operations in future periods, planned construction and development of its properties and facilities, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs.

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: inherent exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in Giyani's ability to obtain funding; commodity price fluctuations; recent market events and conditions; risks related to governmental regulations; risks related to obtaining necessary licences and permits; risks related to Giyani's business being subject to environmental laws and regulations; risks related to the Company's mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to the Company's directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect Giyani's forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information or statements.

Giyani's forward-looking information is based on the reasonable beliefs, expectations and opinions of the Company's respective management on the date the statements are made, and Giyani does not assume any obligation to update forward looking information if circumstances or management's beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to Giyani and risks associated with forward-looking information and forward-looking statements, please refer to Giyani's continuous disclosure documents which are filed on SEDAR+ at www.sedarplus.ca.

________________________________
1 Total closure costs are estimated at US$9.1 million.
2 Giyani engaged SC Insights and Fastmarkets, independent research and consultancy companies with significant expertise in the critical materials market, to provide market intelligence and pricing data related to the battery-grade manganese market to complement Giyani management's own market intelligence. The information that follows in this section is derived from data provided by SC Insights and Fastmarkets as well as Giyani management's own market intelligence.

SOURCE Giyani Metals Corp.

Giyani Metals Corp.: Sean Thijsse, Chief Development Officer, sthijsse@giyanimetals.com, Tel: +1 289-291-7632; Tavistock, Corporate Communications: Josephine Clerkin / Charles Vivian, giyani@tavistock.co.uk, Tel: +44 20 7920 3150

[LoneClone] Western Star Resources Completes Phase 1 Exploration at Rowland Tungsten Prop...

LoneClone — 5/28/2026 11:12:19 AM

Western Star Resources Completes Phase 1 Exploration at Rowland Tungsten Property and Confirms Three Zones of Extensive Historical Tungsten Workings

thenewswire.com

Vancouver, British Columbia - 28th May, 2026 - TheNewswire - Western Star Resources Inc. (CSE: WSR) (OTC: WSRIF) (the “Company” or “Western Star”) is pleased to announce the successful completion of Phase 1 exploration at its 100% owned, past-producing Rowland Tungsten Property in Elko County, Nevada, USA.

The Phase 1 program comprised a high-resolution UAV magnetic geophysical survey, focused soil geochemistry, rock-chip sampling, and field checking of historical workings. Samples have been submitted to the laboratory and rush processing requested in order to return assay results as quickly as possible.

The Phase 1 field program has materially increased the Company’s understanding of the property. Four discrete zones of extensive historical tungsten-bearing workings have been confirmed on the ground, all hosted within the same skarn-style geological setting as the originally targeted Rowland workings.

Key Highlights:

Phase 1 exploration successfully completed at the Rowland Tungsten Property, comprising a property-wide UAV magnetic survey, focused soil geochemistry, rock-chip sampling, and LiDAR target ground-truthing.
Four discrete zones of extensive historical tungsten-bearing workings confirmed on the ground; Northern Zone A and B, Central Zone, and the original Rowland Zone.
Northern Zone B: the most significant historical development identified on the property. Field crews confirmed dilapidated wooden infrastructure consistent with a historical ore chute and several decommissioned shafts.
Rowland Main: multiple additional workings, trenches, and surface disturbances confirmed on the ground, with extensive UV fluorescence consistent with significant scheelite mineralization.
The UAV magnetic survey has been completed and is currently being processed, with preliminary results expected imminently.
Soil sampling completed across the Rowland Main zone, with reconnaissance soil lines extended across the Northern zones (A and B).
Rock samples and the initial round of soil samples have been rush-submitted to the laboratory; assay results are expected over the coming weeks.

Blake Morgan, the CEO and President of Western Star, stated “Rowland has come out of Phase 1 looking considerably more prospective than the historical record suggested. We expected a single past-producing zone; the field crew came back with multiple zones of extensive historical development, including a previously undocumented central area with processing infrastructure, shafts, and 600 to 700 metres of trenching. We adjusted the program in real time to focus on what was actually on the ground, and have rush-submitted the first round of rock and soil samples so we can get assays back as quickly as possible. The team can now move on to the White Star property where we hope to repeat the success we have had at Rowland.”

Phase 1 Field Program Summary

The Phase 1 field program at the Rowland Tungsten Property was designed to deliver an integrated package of geophysical, geochemical, and field-mapping data to support drill targeting and the drill-permitting process.

This phase has confirmed multiple zones of extensive historical tungsten-bearing workings across the property. All zones are hosted within the same contact metamorphic tungsten skarn setting as the originally targeted Rowland workings, and all display significantly more historical development than was recorded in publicly available historical records.

Northern Zones

The Northern Zone A is the area that prompted the Company’s prior expansion of the Rowland claim package, and the Phase 1 field results validate that decision. Desktop work identified the area as historically mapped as a single adit. Field crews confirmed the location of the adit, which is old and partially backfilled/demobilized. However, the surrounding waste dumps and surface piles are substantially larger and more extensive than the historical record indicates, indicating that a meaningful volume of historical material was mined and processed from this area.

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Figure 1: Map showing the locations of the two zones of historical workings in the Northern Area.

The Northern Zone B is the most significant historical development confirmed during Phase 1 and was not documented in publicly available historical production records. The zone was first identified as a target during the Company’s pre-mobilization LiDAR review, which flagged surface features consistent with historical workings including several overgrown depressions which were suspected of being decommissioned vertical shafts. Field work has now confirmed the suspected shafts, with 3 to 4 observed in the field.

Field crews also documented dilapidated wooden infrastructure consistent with a historical ore chute ( Figure 2), indicating that this area was a historical processing site for the broader Rowland operation. In addition, a series of northeast-southwest oriented trenches has been confirmed across the zone, testing approximately 600 to 700 metres of strike length.

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Figure 2: Wooden foundation of a suspect ore chute indicating this area is possibly the historical Rowland processing facility. Suspect shafts are located upslope of this structure

Rowland Main Zone

The Rowland Zone is the original target area on the property and the historical production area for which the Rowland property was acquired. Phase 1 field work confirmed multiple additional workings, trenches, and surface disturbances up and down the slope around the previously known features, materially increasing the inventory of confirmed historical workings within area.

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Figure 3: Central Zone and Rowland Main zone showing the phase 1 soil lines/grid and extent of historical workings.

Material from the Rowland Zone displayed extensive UV fluorescence consistent with scheelite mineralization, with tungsten content further confirmed by portable XRF (pXRF) screening. Figure 4 shows the typical response when UV light is directed at outcrop and waste dumps. Strong fluorescent response is observed throughout most material, consistent with extensive scheelite mineralization. In order to characterise the distribution and grade across the open cut, a series of channel samples were taken across the various lithologies and contacts. Figure 5 shows the locations of these samples.

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Figure 4: examples from the Rowland open cut showing extensive scheelite fluorescence in both outcrop (bottom image) and float/waste (top image). Left image is under UV light, right image is under normal light.

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Figure 5: Panoramic image from the Rowland Open Cut showing locations of 1m and 30cm channel samples

UAV Magnetic Survey

The Phase 1 UAV magnetic survey at the Rowland Tungsten Property represents the first modern high-resolution geophysical dataset acquired across the property.

The data are currently being reviewed, processed, and interpreted, with delivery of preliminary results expected shortly.

Rush Assays, Phase 2, and Drill Targeting

With Phase 1 field work complete, the Company’s near-term priorities are to receive and integrate the Phase 1 assay results, finalize the Phase 2 program, and advance the project toward drill targeting and drill permitting. Rock samples and the initial round of Phase 1 soil samples have been rush-submitted to the laboratory, and the Company expects to receive the first tranche of assay results over the coming weeks.

The Company will provide further updates as Phase 1 assay results, geophysical interpretation products, and the Phase 2 program plan become available.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Jasper Mowatt, MIMMM (Membership No. 0486653) and MAusIMM (Membership No. 3178851), a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Western Star Resources

Western Star Resources is a mineral exploration and development company. The Company’s objective is to increase shareholder value through the development of exploration properties using cost-effective exploration practices, acquiring further exploration properties and seeking partnerships by either joint venture or sale with industry leaders. The Company currently owns nine non-surveyed contiguous mineral claims totaling 4,740 hectares, which are located within the Revelstoke mining division of British Columbia. The Western Star property group is located approximately 50 kilometers southeast of Revelstoke, B.C., and roughly 10 kilometers north of the abandoned community of Camborne.

Contact Information:

Blake Morgan,
CEO and Director
blake@acvc.vc

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Certain of the statements made and information contained herein may constitute “forward-looking information”. In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

[LoneClone] [REE] Pan American Completes Logging and Sampling from Initial Drill Program ...

LoneClone — 5/27/2026 3:37:38 PM

[REE]

Pan American Completes Logging and Sampling from Initial Drill Program at Tharsis Project Company Advances Flagship Carbonatite Target as Initial Drill Core Is Submitted for Assay

globenewswire.com

May 27, 2026 08:00 ET | Source: Pan American Energy Corp.

CALGARY, Alberta, May 27, 2026 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (CSE: PNRG | OTC: PAANF | FRA: SS6) (“Pan American” or the “Company”) is pleased to report that detailed geological logging and core sampling from its 2026 diamond drilling program at the Tharsis Project in the Northwest Territories have now been completed, and samples have been submitted to ALS for geochemical analysis. The 2026 drill campaign marked the first drill testing of the Squalus Lake Alkaline Complex (“SLAC”), with 464.5 metres of diamond drilling completed across five boreholes, including TH26-001 (107 m), TH26-002 (98 m), TH26-003 (153.5 m), TH26-004 (44 m), and TH26-004A (62 m). The program focused on the northern intrusive center, a priority target area within the complex identified through geophysical interpretation and geomorphological observations.

The drilling program was designed to evaluate the northern intrusive center, a priority carbonatite-related target within the SLAC interpreted from magnetic, geochemical, and bathymetry data. The target area was prioritized in part because the deepest part of Squalus Lake coincides with a magnetic low associated with the interpreted northern intrusive structure, a relationship considered to strengthen the geological rationale for first-pass drill testing of this part of the complex. Drill hole TH26-001 was designed as an initial proof-of-concept test of the northern part of the structure and to provide the first direct geological constraint on the targeting model. TH26-002 targeted a more complex segment along the eastern side of the intrusive center, where multiple geophysical products highlighted stronger magnetic contrast, sharper gradients, and structural complexity. TH26-003 was designed to test internal continuity and evaluate whether prospective phases extend beyond the main boundary zone into the interior of the target. TH26-004 and TH26-004A tested the broadest part of the structure.

Adrian Lamoureux, Chief Executive Officer of Pan American, commented, “With logging and sampling now complete and the drill core submitted for geochemical analysis, the Company is continuing to advance its understanding of one of the most compelling targets identified at Tharsis.”

The Company will provide further updates as analytical results are received and interpreted.

Qualified Person

The scientific and technical content of this news release has been reviewed, verified, and approved by Jared Suchan, Ph.D., P.Geo., Technical Advisor to the Company and a “Qualified Person” as defined by National Instrument 43-101.

For a discussion of the Company’s QA/QC and data verification procedures and processes, please see its most recently-filed technical report under the Company’s profile at sedarplus.ca.

About Pan American Energy Corp.

Pan American Energy Corp. (CSE: PNRG) (OTC: PAANF) (FSE: SS60) is an exploration stage company engaged principally in the acquisition, exploration, and development of mineral properties containing battery and critical metals in North America.

The Company has executed an option agreement in Canada with Magabra Resources pursuant to which it has acquired a 75% interest in the Big Mack Lithium Project, 80 km north of Kenora, Ontario, with the right to earn an additional 15% for a total 90% interest. Pan American has also entered into an option agreement with Northern Critical Minerals Corp. to acquire up to a 100% interest in the Tharsis REE Project, located in the Northwest Territories. The project hosts the Squalus Lake Alkaline Complex, a Proterozoic-age carbonatite-bearing intrusion prospective for rare earth and high field strength elements.

On Behalf of the Board of Directors:

Adrian Lamoureux

CEO

Contact:

Phone: (587) 885-5970
Email: info@panam-energy.com

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding the Company’s drilling, exploration and other plans with respect to its mineral properties, and the geological potential of such properties, as well as future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are “forward-looking statements.” These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

The CSE has neither approved nor disapproved the information contained herein.