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Empire Metals Limited (LON: EEE, OTCQX: EPMLF), the AIM-quoted and OTCQX-traded resource exploration and development company, is pleased to announce that is has raised gross proceeds of £7 million by way of a subscription of 17,500,000 new ordinary shares of no par value in the capital of the Company at a price of 40 pence per ordinary share (the ‘Subscription Shares’) to existing institutional shareholders (the ‘Subscription’).

Rationale for the Subscription:

  • The Subscription funds will be used to maintain momentum across key workstreams including resource expansion, advanced metallurgical testwork, and the commencement of pilot-scale production in 2026, with the goal of delivering high-purity TiO2 product samples to potential end users and supporting preliminary engineering and economic studies.
  • Product development will additionally focus on routes to optimally produce lab and bulk samples of products for the titanium metal supply chain, such as TiCl4.
  • The Company will also deploy additional capital to strengthen its team for its next phase of development and to pursue value accretive corporate opportunities, including a possible dual listing on the ASX targeted for H1 2026, with Canaccord Genuity (Australia) expected to act as lead adviser.

Shaun Bunn, Managing Director, said:‘I am very pleased to announce the successful completion of this Subscription, which was executed at a premium to the current share price and reflects increased participation from our institutional shareholders in Asia andAustralia. This continued support underscores both the scale and strategic value of the Pitfield Project and strengthens the Company as we move into a critical phase or our development. With this Subscription, our cash position is now £11 million, providing a robust balance sheet to drive the next phase of development.’

Use of Funds
The proceeds of the Subscription together with existing cash reserves of £4 million will be primarily used for:

  • Exploration and Mineral Resource Drilling
  • Project Management and Project Development including:
    • General development related studies including environmental, social and marketing
    • Preliminary engineering and economic studies covering mining, process plant, infrastructure and energy
    • Metallurgical development including mineral separation and hydrometallurgical continuous piloting
  • Corporate overheads

Application for Admission and Total Voting Rights
The Subscription Shares will rank pari passu in all respects with the existing ordinary shares of no par value in the capital of the Company. Application has been made to the London Stock Exchange for the Subscription Shares to be admitted to trading on AIM (‘Admission’). It is expected that Admission will become effective at 8:00 a.m. on 5 November 2025. As a result of the issue of the Subscription Shares as described above, the issued share capital of the Company now consists of 710,893,221 ordinary shares of no-par value.

**ENDS**

For further information please visit www.empiremetals.com or contact:

Empire Metals Ltd

Shaun Bunn / Greg Kuenzel / Arabella Burwell

Tel: 020 4583 1440

S. P. Angel Corporate Finance LLP (Nomad & Broker)

Ewan Leggat / Adam Cowl

Tel: 020 3470 0470

Shard Capital Partners LLP (Joint Broker)

Damon Heath

Tel: 020 7186 9950

St Brides Partners Ltd (Financial PR)

Susie Geliher / Charlotte Page

Tel: 020 7236 1177

About Empire Metals Limited
Empire Metals Ltd (AIM: EEE and OTCQX: EPMLF) is an exploration and resource development company focused on the rapid commercialisation of the Pitfield Titanium Project, located in Western Australia. The titanium discovery at Pitfield is of unprecedented scale and hosts one of the largest and highest-grade titanium resources reported globally, with a Mineral Resource Estimate (MRE) totalling 2.2 billion tonnes grading 5.1% TiO₂ for 113 million tonnes of contained TiO₂.

The MRE, which covers only the Thomas and Cosgrove deposits, includes a weathered zone resource of 1.26 billion tonnes at 5.2% TiO₂ and a significant Indicated Resource of 697 million tonnes at 5.3% TiO₂, predominantly from the Thomas deposit. Titanium mineralisation at Pitfield occurs from surface and displays exceptional grade continuity along strike and down dip. The MRE extends across just 20% of the known mineralised footprint, providing substantial potential for further resource expansion.

Conventional processing has already produced a high-purity product grading 99.25% TiO₂, suitable for titanium sponge metal or pigment feedstock. The friable, in-situ weathered zone supports low-cost, strip mining without the need for blasting or overburden removal.

With excellent logistics and established infrastructure, including rail links to deep-water ports with direct access to Asia, the USA, Europe and Saudi Arabia, Pitfield is strategically positioned to supply the growing global demand for titanium and other critical minerals.

Empire is now accelerating the economic development of Pitfield, with a vision to produce a high-value titanium metal and/or pigment quality product at Pitfield, to realise the full value potential of this exceptional deposit.

The Company also has two further exploration projects in Australia; the Eclipse Project and the Walton Project in Western Australia, in addition to three precious metals projects located in a historically high-grade gold producing region of Austria.

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

Click here to connect with Empire Metals Limited (LON: EEE, OTCQX: EPMLF) to receive an Investor Presentation

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Here’s a quick recap of the crypto landscape for Wednesday (October 29) as of 9:00 a.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$113,072, a 0.8 percent decrease in 24 hours. Its lowest valuation of the day was US$113,083, and its highest was US$116,041.

Bitcoin price performance, October 29, 2025.

Chart via TradingView

Bitcoin (BTC) and the broader cryptocurrency market are showing signs of renewed investor appetite after softer-than-expected US inflation data helped lift global risk sentiment.

In a post on X, blockchain analytics CryptoQuant said a “risk-on” tone has returned across major asset classes following the release of the September Consumer Price Index (CPI) report, which showed inflation rising 0.3 percent, slightly below consensus forecasts.

The modest increase from August reinforced expectations that the Federal Reserve could pursue a more accommodative stance at its next policy meeting.

The cooler inflation print appears to have reignited appetite for growth and speculative assets, marking a shift from the defensive tone that dominated markets earlier this quarter. Analysts noted that the CPI data has strengthened hopes of near-term rate cuts.

Meanwhile, Bitcoin researcher Axel Adler Jr. said on X that market data also point to improving sentiment across major exchanges. The exchange net-spread, which measures the difference between stablecoin inflows and BTC/ETH outflows, remains in positive territory.

This suggests that cash inflows are dominating, while Bitcoin and Ether are being withdrawn from exchanges, a sign that selling pressure is continuing to ease.

Ether (ETH) was priced at US$4,007.40, a 1.5 percent increase in 24 hours. Its lowest valuation of the day was US$3,946.84, and its highest was US$4,171.07

Altcoin price update

  • Solana (SOL) was priced at US$198.51, trading flat over the last 24 hours. Its lowest valuation of the day was US$191.75, and its highest was US$202.69.
  • XRP was trading for US$2.63, similarly trading flat over the last 24 hours. Its lowest valuation of the day was US$2.58, while its highest was US$2.68.

Fear and Greed Index snapshot

Chart via CoinMarketCap.

CMC’s Crypto Fear & Greed Index has begun to recover from last week’s slump, now sitting at 39, up from 29 a week ago, as market sentiment inches closer to neutral territory. The improvement marks a gradual shift in investor mood following a prolonged stretch of “fear” that lasted seven consecutive days—the longest since April.

The rise suggests that traders are slowly regaining confidence amid Bitcoin’s breakout above the US$115,000 level after nearly two weeks of range-bound trading between US$103,000 and US$115,000. While the index still reflects caution, its steady climb signals that market anxiety is easing and that investors are beginning to price in optimism ahead of the expected Federal Reserve rate cut.

Crypto derivatives and market indicators

Bitcoin derivatives metrics suggest traders remain cautious but less defensive than before.

Liquidations for Bitcoin futures totaled roughly US$2.43 million in the past four hours, with long positions still comprising the majority—a sign that some traders continue to take profits amid uncertain short-term momentum. Ether saw similar trends, with US$4.28 million in liquidations, also dominated by long positions.

Futures open interest for Bitcoin edged down 0.42 percent to US$73.87 billion, while Ether’s slipped -0.08 percent to US$48.22 billion, indicating a slight cooling in leveraged activity following the recent price uptick.

Meanwhile, Bitcoin’s relative strength index (RSI) of 50.60 indicates neutral momentum, suggesting that traders are holding back from aggressive positioning as markets digest recent macro data and await clearer direction.

Today’s crypto news to know

21Shares files for Hype ETF

Swiss asset manager 21Shares has filed with the US Securities and Exchange Commission to launch a passive ETF tracking the Hype token, marking its first product since agreeing to be acquired by FalconX.

The SEC has yet to act on several pending filings amid limited staffing during the US government shutdown. Hype, the native token of the Hyperliquid network, has surged more than 1,500 PERCENT over the past year, ranking as the 11th largest cryptocurrency.

21Shares said Coinbase and BitGo will serve as custodians for the fund’s holdings.

The firm currently manages over US$11 billion in crypto-linked products and expects the FalconX deal to accelerate ETF adoption through combined market infrastructure.

Western Union picks Solana for global stablecoin rollout

Western Union announced plans to issue a US dollar stablecoin on the Solana blockchain, marking one of the largest traditional finance moves into digital assets to date.

Dubbed USDPT, the stablecoin will be custodied by Anchorage Digital and begin rolling out in 2026 across Latin America, Africa, and Southeast Asia, regions where remittances and mobile money use are strongest.

Western Union said USDPT will integrate directly with its existing fiat payment network, letting users move funds between on-chain and cash outlets without intermediaries or FX fees.

The company plans to maintain its 4,500 global corridors while adding blockchain rails for faster settlement.

CEO Devin McGranahan described the move as “the next evolution” in its 175-year history of cross-border transfers. Global remittance flows currently total about US$860 billion annually.

Australia to classify stablecoins as financial products

Australia’s securities regulator has formally categorized stablecoins, tokenized assets, and wrapped tokens as financial products requiring licensing under existing law.

The Australian Securities and Investments Commission (ASIC) announced the update this week, granting firms until June 2026 to transition into compliance.

The decision extends full consumer protections to stablecoin users and allows the agency to act against misconduct in the sector.

Service providers will now need Australian Financial Services licenses, while custody standards are being updated to include digital holdings.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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Almonty Industries (TSX:AII,ASX:AII,NASDAQ:ALM) is expanding its US footprint with the acquisition of a tungsten project in Montana, a move that could make it the first domestic producer of the critical metal in a decade.

The Toronto-based miner said it agreed to buy the site, which was previously operated by Union Carbide, through a combination of stock and cash payment, according to a Bloomberg report.

Subject to securing an extraction permit, the company also said it could restart mining there as soon as late next year using reconditioned equipment from its facilities in Spain.

Almonty Chief Executive Officer Lewis Black confirmed that the company has been in discussions with US defense agencies, including the Department of Defense and the Defense Advanced Research Projects Agency (DARPA), regarding potential long-term supply arrangements.

Rather than seeking government equity participation, Black said Almonty is proposing that the Pentagon make transparent, market-based tungsten purchases to strengthen domestic reserves.

The move comes as President Donald Trump has expanded exemptions from his global metals tariffs, removing tungsten, gold, graphite, and uranium from the list of materials subject to country-based levies.

China dominates the global tungsten market, producing roughly 67,000 tons annually, compared to zero from the United States. The metal is considered critical to both defense and emerging technologies, with applications ranging from armor-piercing ammunition to chips used in high-performance electronics.

The Montana acquisition complements Almonty’s growing global portfolio. The company operates the Panasqueira mine in Portugal and is nearing production at the Sangdong mine in South Korea, which is one of the world’s largest tungsten deposits outside China.

Almonty’s Nasdaq debut inJuly, backed by a US$90 million public offering (IPO), also strategically positioned the company as a key Western supplier ahead of a 2027 US policy that will ban tungsten sourced from China, Russia, or North Korea from entering Pentagon supply chains.

The firm holds a 15-year offtake agreement with a US defense contractor covering more than 90 percent of its initial production phase.

Once operational, the Montana project could produce tungsten concentrate for domestic refiners before being processed into tungsten carbide and other alloys.

The company’s shares have surged more than 600 percent over the past year, primarily driven by investor enthusiasm as trade tensions threaten the metal’s supply security.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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Sankamap Metals Inc. (CSE: SCU) (‘Sankamap’ or the ‘Company’) is pleased to announce the completion of data processing and reports from Expert Geophysics for the 374 line-kilometer Airborne Magnetotelluric EM Survey (‘Mobile MT’) completed in July 2025. The survey covered 3,500 hectares of Sankamap’s 4,500-hectare (‘Ha’) Kuma property (‘Kuma’) (populated areas excluded) located 37 kilometers (‘km’) southeast of Honiara in south-central Guadalcanal, Solomon Islands.

CEO John Florek commented:

‘We are very encouraged by the results of the airborne geophysical survey, which reveal clear signatures consistent with porphyry-style mineralization. The strong alignment between these geophysical features, surface geochemistry, and alteration mapping gives us greater confidence in the continuity of mineralization at depth and helps refine our upcoming drill targets.’

Highlights

  • The results of the Mobile MT survey at Kuma reveals a broad 5 x 2 km ring-shaped zone of high conductivity that flanks a central 2 x 3 km highly resistive feature (see Figure 2), with the conductive feature spatially correlating to the mapped lithocap.
  • Geophysical data indicate potential for multiple intrusive centers and porphyry systems, while the alignment of magnetic and conductive trends suggests structural controls or fluid pathways associated with mineralization.
  • The resistive and conductive trends display typical porphyry signatures, similar to other economic porphyry systems currently being mined.

The results from the 2025 Mobile MT survey delineate resistive and conductive features consistent with porphyry, epithermal, and skarn-style mineral systems. The geophysical data further corroborate earlier surface exploration findings at the Kuma property, which delineated a well-developed lithocap exceeding two kilometers in extent. Hyperspectral analysis has outlined extensive phyllic, argillic, and advanced argillic alteration zones, while grab sampling has returned impressive assay results of up to 11.7% copper (‘Cu’) and 13.5 g/t gold (‘Au’), underscoring the strength and continuity of mineralization within the system.

The Kuma Project is strategically located along a highly prospective trend that hosts several major deposits; Lihir containing 71 Moz Au1 (310 Mt containing 23 Moz Au at 2.3 g/t Proven+Probable (‘P&P’), 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred) and Panguna containing 19.3 Moz Au + 5.3 Mt Cu2 (1.5 Mt containing 16.1 Moz Au at 0.33 g/t and 4.6 Mt Cu at 0.3 % Indicated, 300 Mt containing 3.2 Moz Au 0.4 g/t and 0.7 Mt Cu Inferred), both share geological similarities to the Kuma project.

Technical Discussion

Porphyry Cu-Au systems can exhibit a broad spectrum of electromagnetic (EM) responses, reflecting different host rocks, alteration styles, erosional levels and geological conditions unique to each system. For example, systems with intact lithocaps, which is potentially the case at Kuma, often differ from those with eroded or exposed mineralized cores, producing either predominantly conductive or resistive EM signatures.

As at Kuma, most calc-alkaline porphyry systems exhibit elevated electrical conductivity, largely attributable to extensive pyritic halos and mica-rich alteration zones that envelop a potassic core (as displayed in Figure 2 and 3). This core typically appears as a distinctly resistive feature, reflecting zones of magnetite or K-feldspar alteration characterized by relatively low sulfide concentrations.

In July 2025, Expert Geophysics was engaged to conduct a 374 line-kilometer airborne geophysical survey (Mobile MT), which was flown along north-south lines at 100-meter intervals (Figure 1).

The final geophysical data processing has been completed. Sankamap, together with Expert Geophysics and independent geophysical consultants familiar with this type of data, have reviewed the results. The survey highlights several significant geophysical features that will assist in defining the next phase of exploration and drill targeting.

Figure 1: Kuma property and lithocap extent with Mobile MT survey flight lines.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11623/272353_a2474b4434dceb50_002full.jpg

The geophysical models reveal a highly conductive feature that forms a continuous ring-shaped zone flanking a central resistive body. This conductive anomaly appears consistent with a potassic intrusive core or a resistive intrusive complex at depth. Notably, the highest conductivity corresponds with surface zones of advanced argillic and clay-mica alteration (Figure 2).

The conductivity and resistivity highs coincide with a previously mapped annular topographic depression, suggesting potential preferential erosion within the propylitic alteration zone surrounding a core of phyllic-altered rocks (Figure 2). The alignment of these geophysical, geological, and geomorphological features supports a coherent porphyry-style hydrothermal model, with a resistive intrusive core surrounded by conductive alteration halos and erosional depressions marking outer alteration zones.

The integration of these datasets provides a strong 3D framework for ongoing exploration and drill targeting.

Figure 2: Apparent conductivity map from Mobile MT survey on the Kuma property at -200m elevation.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11623/272353_a2474b4434dceb50_003full.jpg

Figure 3: Resistivity section at 8919250 mN from Mobile MT survey on the Kuma property.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11623/272353_a2474b4434dceb50_004full.jpg

Strategic Plan

  • Acquisition and deployment of drilling equipment underway in preparation for the January 2026 drilling campaign.

Kuma Property

  • Target Refinement: Ongoing analysis of newly released geophysical and geological datasets to define and prioritize high-quality drill targets.
  • Pad & Camp Construction: Scheduled to begin in late November.
  • Field Visit: Planned for early November to ground-truth targets, verify geological interpretations, and finalize logistics.
  • Drilling Program: Inaugural campaign to commence in January 2026, marking a key milestone in advancing the Kuma Project toward discovery.

Fauro Property

  • Prospecting activities to begin, following up on additional magnetic highs associated with elevated gold and copper values (see press release dated July 16, 2025).

Corporate & Investor Relations

  • Upcoming exploration milestones to serve as key catalysts for shareholder value creation.
  • Targeted marketing campaign underway to showcase the company’s exploration potential and investment opportunity.

Grant of Options

Subject to regulatory approval, the Company has granted 2,250,000 stock options to its directors, officers and consultants, exercisable for five years at a price of $0.30.

About Sankamap Metals Inc.

Sankamap Metals Inc. (CSE: SCU) is a Canadian mineral exploration company dedicated to the discovery and development of high-grade copper and gold deposits through its flagship Oceania Project, located in the South Pacific. The Company’s fully permitted assets are strategically positioned in the Solomon Islands, along a prolific geological trend that hosts major copper-gold deposits; including Newmont’s Lihir Mine, with a resource of 71.9 million ounces of gold¹ (310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred).

Exploration is actively advancing at both the Kuma and Fauro properties, part of Sankamap’s Oceania Project in the Solomon Islands. Historical work has already highlighted the mineral potential of both sites, which lie along a highly prospective copper and gold-bearing trend, suggesting the possibility of further, yet-to-be-discovered deposits.

At Kuma, the property is believed to host an underexplored and largely untested porphyry copper-gold (Cu-Au) system. Historical rock chip sampling has returned consistently elevated gold values above 0.5 g/t Au, including a standout sample assaying 11.7% Cu and 13.5 g/t Au2; underscoring the area’s significant potential.

At Fauro, particularly at the Meriguna Target, historical trenching has returned highly encouraging results, including 8.0 meters at 27.95 g/t Au and 14.0 meters at 8.94 g/t Au3. Complementing these results are exceptional grab sample assays, including historical values of up to 173 g/t Au3, along with recent sampling by Sankamap at the Kiovakase Target, which returned numerous high-grade copper values, reaching up to 4.09% Cu. In addition, limited historical shallow drilling intersected 35.0 meters at 2.08 g/t Au3, further underscoring the property’s strong mineral potential and the merit for continued exploration. With a commitment to systematic exploration and a team of experienced professionals, Sankamap aims to unlock the untapped potential of underexplored regions and create substantial value for its shareholders. For more information, please refer to SEDAR+ (www.sedarplus.ca), under Sankamap’s profile.

1. Newcrest Technical Report, 2020 (Lihir: 310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred)

2. Historical grab, soil and BLEG samples from SolGold Kuma Review June 2015, and SolGold plc Annual Report 2013/2012

3. September 2010-June 2012 press releases from Solomon Gold Ltd. and SolGold Fauro Island Summary Technical Info 2012

QP Disclosure

The technical content for the Oceania Project in this news release has been reviewed and approved by John Florek, M.Sc., P.Geol., a Qualified Person in accordance with CIM guidelines. Mr. John Florek is in good standing with the Professional Geoscientists of Ontario (Member ID:1228) and a director and officer of the Company.

ON BEHALF OF THE BOARD OF DIRECTORS

s/ ‘John Florek’
John Florek, M.Sc., P.Geol
Chief Executive Officer
Sankamap Metals Inc.

Contact:
John Florek, CEO
T: (807) 228-3531
E: johnf@sankamap.com

The Canadian Securities Exchange has not approved nor disapproved this press release.

Forward-Looking Statements

Forward-Looking Statements Certain statements in this release constitute ‘forward-looking statements’ or ‘forward-looking information’ within the meaning of applicable securities laws including, without limitation, the timing, nature, scope and details regarding the Company’s exploration plans and results at its projects. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘expect’, ‘believe’, ‘plan’, ‘anticipate’, ‘estimate’, ‘scheduled’, ‘forecast’, ‘predict’ and other similar terminology, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. These statements reflect the company’s current expectations regarding future events, performance and results and speak only as of the date of this release.

Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272353

News Provided by Newsfile via QuoteMedia

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Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company advancing critical mineral discoveries, is pleased to confirm the full mobilization of exploration crews and equipment for its highly anticipated major diamond drill program at the 100% owned Radar Titanium-Vanadium-Iron (Ti-V-Fe) Project in southeastern Labrador, Canada.

With site preparations now in the final stages of completion, SAGA is ready to mobilize the rest of its exploration team as drilling is set to commence in early November, targeting the expansion of known oxide mineralization at the Radar project and advancing toward a maiden mineral resource estimate (MRE) over the Trapper Zone.

This major program represents a key milestone in delineating the project’s potential as a strategic domestic source of titanium, vanadium, and high-grade iron ore—minerals critical for defense, aerospace, renewable energy storage, and advanced steel production.

Figure 1: Radar Project’s Trapper Zone depicting a 3+ km Total Magnetic Intensity (TMI) anomaly from the 2025 ground survey and the oxide layering trend. The Trapper Trail (in black) will be the target of the planned 15,000 m diamond drilling program aimed at establishing Saga’s maiden mineral resource estimation.

Final Camp and Equipment Preparations:

With the geologists and drilling team set to arrive in the coming days, SAGA’s on-site team is working through the final stages of camp preparations including personnel and kitchen trailer placement as well as furnishing a full core shack, cutting shack and logging facility.

Figure 2: Brandon Sainsbury and Saga Technicians building core facility in Cartwright

Figure 3: Saga’s team from Cartwright preparing the metal core racks on site.

Meanwhile, the Gladiator Drilling crew from Springdale, Newfoundland has been doing final checks and maintenance on the Duralite 800 drill and associated equipment. They are currently packing up and loading the trailers for mobilization.

Figure 4: Gladiator Drilling team finalizing drill maintenance prior to mobilization to the Radar Project

‘The Gladiator crew is busy at the shop today getting ready for the upcoming drill program for Saga Metals in Labrador,’ stated Josh Blundell, CEO of Gladiator Drilling. ‘We are incredibly privileged and excited about being part of the team with Saga Metals and drilling the Trapper zone at the Radar Project. We had great success drilling the Hawkeye zone earlier this year and look forward to doing what we do best once again, putting rocks in the box.’

Drill Program Objectives:

The Phase 1 Trapper Zone drill campaign will target:

  • Grade continuity across a 3 km strike length.
  • Oxide layering widths and continuity to depths of about 200 metres.
  • Integration of structural insights from trenching and drilling into collar orientation and drill design.
  • Initial drilling of 1,500-2,500 m in 6-10 holes, each about 250 m in depth will be completed before the December break.
  • Test both the North and South sections of the Trapper zone prior to the break in order to fully grasp grade, width and structure prior to initiating the detailed grid and drill sections in 2026 for the purposes of a mineral resource estimate.
  • Drilling will be complemented by metallurgical sampling through the winter, with core from both the Hawkeye and Trapper zones undergoing detailed metallurgical testing.

Figure 5: Trapper base map – Oriented to base line in which 100-meter drill sections have been laid out across the Trapper Zone, perpendicular to the magnetite-oxide layers (seen above as magnetic highs on TMI anomaly from the 2025 ground survey ).

Outlook on Phase 1 of Drilling at the Trapper Zone:

Phase 1 drilling at the Trapper Zone builds on significant milestones from 2025, including:

  • Hawkeye drilling success: maiden drill program in early 2025, featuring a 2,209-metre, seven-hole diamond drill campaign across the Hawkeye Zone. The program intersected broad zones of titanomagnetite-rich oxide layering, with cumulative intersections displaying consistent grades of titanium dioxide (TiO 2 ), vanadium pentoxide (V 2 O 5 ) and iron (Fe).
  • Metallurgical readiness: Ongoing petrographic and mineralogical studies by Dr. Al Miller confirm those primary magmatic textures favourable for downstream processing.
  • Exploration momentum: Expanded property vision with preliminary metallurgical insights and confirmation of large-scale oxide continuity across the Dykes River intrusive complex.

Together, these achievements support SAGA’s strategy of advancing Radar toward resource definition and positioning it as a potential cornerstone critical minerals project in North America.

Advancing the Radar Project

The Radar Property spans 24,175 hectares and hosts the entire Dykes River intrusive complex (~160 km²), a unique position among Western explorers. Geological mapping, geophysics, and trenching have already confirmed oxide layering across more than 20 km of strike length, with mineralization open for expansion.

Vanadiferous titanomagnetite (‘VTM’) mineralization at Radar is comparable to global Fe–Ti–V systems such as Panzhihua (China), Bushveld (South Africa), and Tellnes (Norway), positioning the Project as a potential strategic future supplier of titanium, vanadium, and iron to North American markets.

Figure 6: Radar Property map, depicting magnetic anomalies, oxide layering and the site of the 2025 drill program in the Hawkeye zone. The Property is well serviced by road access and is conveniently located near the town of Cartwright, Labrador. A compilation of historical aeromagnetic anomalies is overlaid by ground-based geophysics as shown. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs.

‘With the final team members mobilizing and the Gladiator drill rigs ready for the Trapper Zone, we’re on the cusp of transforming Radar from discovery to resource. The 3+ km oxide trend we’ve sampled and trenched is now ready for systematic drilling, and Phase 1 will give us the grade, width, and structural clarity needed to design the full 15,000-metre grid for our maiden MRE in 2026. The camp is built, the core shack is furnished, and the community of Cartwright has been our biggest supporter since day one. This is execution season for SAGA, and we look forward to providing updates along the way,’ stated Michael Garagan, CGO & Director of SAGA .

Investor Relations Agreements

SAGA has re-engaged Think Ink Marketing Data & Email Services (‘ Think Ink ‘) to provide corporate awareness and digital marketing services commencing on November 1, 2025.

Think Ink will leverage its expertise in native and display advertising, video content distribution, social media coverage, and targeted email marketing to enhance the Company’s digital presence and expand market awareness in exchange for cash consideration in the amount of USD$100,000. The IR Agreement has an initial term of 31 days unless earlier terminated or renewed in accordance with its terms. The Company may renew the IR Agreement for successive 31-day periods upon providing notice to Think Ink.

Compensation to Think Ink does not include any securities of the Company, and Think Ink does not hold any interest, directly or indirectly, in the Company. Think Ink is at arm’s length to the Company and has no relationship with the Company outside of this engagement.

Think Ink Data & Email Services, Inc., is a California-based marketing firm established in 1991 that provides its customers with a complete range of marketing services that span both digital and direct mail venues. With its digital services ranging from data appending, email marketing and pay-per-click online banner and native ads, Think Ink helps its clients to reach a network of potential investors.

For further information about Think Ink Marketing, please contact: Claire Stevens, 310-760-2616, 3308 W. Warner Ave, Santa Ana CA 92704, Email claire@thinkinkmarketing.com .

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.

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 global transition to green energy. The Radar Titanium 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 a 2,200m drill program, has confirmed a large and mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) with strong grades of titanium and vanadium.

The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares featuring uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U 3 O 8 and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).

Additionally, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Metals.

With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.

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 exploration of 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. 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 will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

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The US government has entered into an US$80 billion partnership with Brookfield Asset Management (NYSE:BAM,TSX:BAM) and Cameco (TSX:CCO,NYSE:CCJ) to construct new Westinghouse nuclear reactors across the country.

The initiative aims to accelerate the domestic nuclear industry’s revival while powering the rapid expansion of artificial intelligence infrastructure, in line with President Donald Trump’s May 2025 executive orders.

Under the agreement, the US government will arrange financing and streamline permitting for the new Westinghouse reactors, which will serve as the backbone of America’s next generation of clean and reliable baseload power.

In return, the US government will receive a participation interest that entitles it to 20 percent of future cash distributions once Westinghouse’s profits exceed US$17.5 billion.

The agreement also allows Washington to convert that interest into an equity stake of up to 20 percent and to require an initial public offering of Westinghouse by 2029, should its valuation surpass US$30 billion.

“Our administration is focused on ensuring the rapid development, deployment, and use of advanced nuclear technologies,” said Howard Lutnick, US Secretary of Commerce, in the joint press release.

U.S. Energy Secretary Chris Wright echoed the sentiment, saying the collaboration would “help unleash President Trump’s grand vision to fully energize America and win the global AI race.”

For Brookfield and Cameco, the move solidifies their investment in Westinghouse, which they jointly acquired in 2023. Brookfield had first taken over Westinghouse in 2018, executing a turnaround that repositioned the company amid a global resurgence in nuclear development.

The two Canadian firms now expect the US deal to expand their global market reach while reinforcing North American energy independence.

The projects will rely on Westinghouse’s AP1000 reactor design, which the company calls the most advanced and compact reactor on the market, featuring passive safety systems and modular construction.

Six AP1000 reactors are already operating globally, with 14 under construction and several more under contract in countries such as Poland, Ukraine, and Bulgaria.

The deal comes as part of the Trump administration’s ongoing push to boost advanced energy manufacturing and strengthen ties with allied nations in the Indo-Pacific.

During a trip to Tokyo, Trump announced that Japan will provide up to US$332 billion in infrastructure support for US projects, including the Westinghouse and small modular reactors.

The projects are also expected to create tens of thousands of jobs and support the country’s growing energy demands, including those driven by large-scale data centers.

The most recent Westinghouse reactors built at Georgia’s Vogtle site—completed in 2023 and 2024—ran about seven years behind schedule and cost roughly US$35 billion, more than double initial estimates.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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President Donald Trump’s tariffs are hitting toy giants Mattel and Hasbro as the critical holiday season nears. Still, both companies see a successful year end ahead.

“This quarter, our U.S. business was again challenged by industry-wide shifts in retailer ordering patterns,” CEO Ynon Kreiz said on Mattel’s recent earnings call. “That said, consumer demand for our products grew in every region, including in the U.S.”

During the most recent quarter, which ended Sept. 30, Mattel said sales slipped 6% globally, led by a 12% decline in North America. International sales rose 3%.

Some of the company’s top performing categories included Hot Wheels and action figures, primarily from the “Jurassic World,” Minecraft and WWE franchises.

Other Mattel brands saw a drop in sales, however, including Barbie and Fisher-Price.

With retail stores waiting until the last minute to assess the level of tariffs that would apply to their holiday orders, Kreiz said “since the beginning of the fourth quarter, orders from retailers in the U.S. have accelerated significantly.”

Retailers “expect strong demand for the holiday and they are restocking,” he added.

Meanwhile, rival toy giant Hasbro’s revenue jumped 8% in the quarter and it raised its financial guidance for the rest of the year.

Key drivers of that included “Peppa Pig” and Marvel franchise toys, as well as the Wizards of the Coast games.

Hasbro “managed tariff volatility with agility” and used price hikes to protect its margins, said Gina Goetter, the company’s chief financial officer and chief operating officer.

The company remains “firmly on track” to achieve its financial targets.

“As we calculate the various scenarios of where that absolute rates will play out, we’re really putting all of our levers to work,” she said on the company’s recent earnings call.

“From how we think about pricing, how we’re thinking about our product mix, how we’re thinking about our supply chain, and how we’re managing all of our operating expenses to mitigate and offset the impact” of tariffs, she said.

For its part, Hasbro also saw “softness” in the U.S. during the quarter due to retail chains waiting longer to place holiday orders, but said momentum is accelerating as the season gets underway.

In July, Mattel’s chief financial officer, Paul Ruh, said that the company was raising prices because of tariffs.

“We have implemented a variety of actions that will help us withstand some of those headwinds and those include … supply chain efficiencies and some pricing adjustments, particularly in the U.S.,” Ruh said on the company’s earnings conference call.

“So with that array of actions, we’re able to withstand some of the uncertainty that is mostly coming in the top line,” Ruh said. “Our goal is to keep prices as low as possible for our consumers.”

Still, Kreiz said that “consumers are buying our products and the toy industry is growing.”

He also said that consumers are taking price hikes in stride and those increases haven’t hurt demand: “We are not seeing any slowdown in consumer demand so far.”

Hasbro CEO Chris Cocks said the company has also raised some prices, but it was “pretty surgical” in what it chose to adjust.

“In terms of ongoing pricing, I think we just kind of have to see how the holiday goes and the consumer holds up,” he told analysts on the company’s earnings call.

Cocks also cautioned that there may be a two-tier economy forming, something other executives and economists have observed in recent months.

“Right now, I think it’s really kind of a tale of two consumers. The top 20%, particularly in the U.S., continue to spend pretty robustly,” he said. “The balance of households are watching their wallets a bit more.”

On Friday, the Labor Department released the latest consumer price index data, which showed that inflation is rising at a 3% annual pace, up from August’s 2.9%.

In May, Kreiz told CNBC that approximately half of the company’s toys were sourced from China.

Beijing has faced some of the steepest tariffs from Washington of any U.S. trade partner, as Trump has rolled out his disruptive trade agenda this year.

Mattel’s Ruh said the company continued to adjust its supply chains in response to shifting global tariff policies.

“We will be continuing to work with our retailers to make sure that the product is on the shelf,” he said.

At the same time, Hasbro’s Goetter said the company is diversifying its supply chains away from high-tariff countries.

“By 2026, we expect approximately 30% of our total Hasbro toy and game revenue will be sourced from China and 30% of our revenue will be based in the U.S., as we opportunistically lean into our U.S. manufacturing capacity,” she said.

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(TheNewswire)

Brossard, Quebec TheNewswire – le 28 octobre 2025 CORPORATION CHARBONE (TSXV: CH,OTC:CHHYF; OTCQB: CHHYF; FSE: K47) (« CHARBONE » ou la « Société »), un producteur et distributeur nord-américain spécialisé dans l’hydrogène propre Ultra Haute Pureté (« UHP ») et les gaz industriels stratégiques, a le plaisir d’annoncer que les travaux de construction civil ont officiellement débuté hier, le 27 octobre 2025 sur le site de Sorel-Tracy, conformément à l’échéancier présenté dans le communiqué du 22 octobre dernier .

Ce jalon marque le lancement concret de la phase de construction du premier module de production d’hydrogène propre UHP de CHARBONE au Québec. Les travaux visent la préparation complète des infrastructures techniques et la mise en place des fondations nécessaires à la réinstallation des équipements principaux, dont la livraison avait été complétée avec succès plus tôt ce mois-ci.

« Nous sommes très fiers de voir le projet progresser exactement selon le plan établi , grâce à l’engagement exceptionnel de nos équipes et de nos partenaires , » a déclaré Dave B. Gagnon, PDG de CHARBONE . « Le début des travaux civils concrétise notre vision d’une production locale et décarbonée d’hydrogène propre UHP au Québec. Chaque étape franchie nous rapproche de la mise en service prévue en novembre et du déploiement de notre modèle modulaire . »


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À propos de CORPORATION CHARBONE

CHARBONE est une entreprise intégrée spécialisée dans l’hydrogène propre Ultra Haute Pureté (UHP) et la distribution stratégique de gaz industriels en Amérique du Nord et en Asie-Pacifique. Elle développe un réseau modulaire de production d’hydrogène vert tout en s’associant à des partenaires de l’industrie pour offrir de l’hélium et d’autres gaz spécialisés sans avoir à construire de nouvelles usines coûteuses. Cette stratégie disciplinée diversifie les revenus, réduit les risques et augmente sa flexibilité. Le groupe Charbone est coté en bourse en Amérique du Nord et en Europe sur la bourse de croissance TSX (TSXV: CH,OTC:CHHYF) ; sur les marchés OTC (OTCQB: CHHYF) ; et à la Bourse de Francfort (FSE: K47) . Pour plus d’informations, visiter www.charbone.com .

Énoncés prospectifs

Le présent communiqué de presse contient des énoncés qui constituent de « l’information prospective » au sens des lois canadiennes sur les valeurs mobilières (« déclarations prospectives »). Ces déclarations prospectives sont souvent identifiées par des mots tels que « a l’intention », « anticipe », « s’attend à », « croit », « planifie », « probable », ou des mots similaires. Les déclarations prospectives reflètent les attentes, estimations ou projections respectives de la direction de Charbone concernant les résultats ou événements futurs, sur la base des opinions, hypothèses et estimations considérées comme raisonnables par la direction à la date à laquelle les déclarations sont faites. Bien que Charbone estime que les attentes exprimées dans les déclarations prospectives sont raisonnables, les déclarations prospectives comportent des risques et des incertitudes, et il ne faut pas se fier indûment aux déclarations prospectives, car des facteurs inconnus ou imprévisibles pourraient faire en sorte que les résultats réels soient sensiblement différents de ceux exprimés dans les déclarations prospectives. Des risques et des incertitudes liés aux activités de Charbone peuvent avoir une incidence sur les déclarations prospectives. Ces risques, incertitudes et hypothèses comprennent, sans s’y limiter, ceux décrits à la rubrique « Facteurs de risque » dans la déclaration de changement à l’inscription de la Société datée du 31 mars 2022, qui peut être consultée sur SEDAR à l’adresse www.sedar.com; ils pourraient faire en sorte que les événements ou les résultats réels diffèrent sensiblement de ceux prévus dans les déclarations prospectives.

Sauf si les lois sur les valeurs mobilières applicables l’exigent, Charbone ne s’engage pas à mettre à jour ni à réviser les déclarations prospectives.

Ni la Bourse de croissance TSX ni son fournisseur de services de réglementation (tel que ce terme est défini dans les politiques de la Bourse de croissance TSX) n’acceptent de responsabilité quant à la pertinence ou à l’exactitude du présent communiqué.

Pour contacter Corporation Charbone :

Téléphone bureau: +1 450 678 7171

Courriel: ir@charbone.com

Benoit Veilleux

Chef de la direction financière et secrétaire corporatif

Copyright (c) 2025 TheNewswire – All rights reserved.

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Platinum and palladium are both basking in gold’s glow, however their performance is tempered by each metal’s unique market dynamics.

Of the two, platinum has been the biggest winner in 2025. The price of the precious metal climbed by 90 percent to its year-to-date high of US$1,725 per ounce it reached briefly on October 16. Although the market has since experienced a pull back below the US$1,600 level, platinum prices remain at 12-year highs.

As for palladium, the precious metal rose by nearly 80 percent to reach a peak of US$1,630 on October 16. However, the palladium price has since fallen back to the US$1,430 level.

In its annual Precious Metals Investment Focus report published October 25, Metals Focus showcased key supply and demand trends moving the market and prices for precious metals such as platinum and palladium.

Platinum market reflecting more than gold’s shine

Platinum is no doubt benefitting from strong investor demand for precious metals on stagnation fears in 2025. But the metal’s robust supply and demand fundamentals are also at play, according to Metals Focus analysts.

Above ground inventories of platinum remain tight while future mine production is bogged down in operation challenges. “In Southern Africa, outages and heavy rainfall have disrupted production, while North America is undergoing restructuring,” noted the report.

On the demand side, the platinum demand from the jewelry sector has posted significant gains this year, especially in China. As the price of gold skyrockets, platinum jewelry has become a much more attractive alternative. Investment flows into platinum exchange-trade products in China and the US are another key demand driver for the metal this year.

Platinum and palladium prices

Chart via Metals Focus, Bloomberg

While platinum prices are at levels not seen in 12 years, palladium prices are only experiencing a 2-year high. “Palladium has also benefited at the margin, but remains a laggard, with a more lacklustre fundamental outlook limiting investor enthusiasm,” according to Metals Focus.

2026: Platinum bull and palladium bear

Platinum prices will continue to benefit from the overall upward trend in precious metals prices in the remainder of 2025 and well into 2026. The ongoing supply deficit in the platinum market is also highly price supportive.

Metals Focus is forecasting a third consecutive year of physical deficit for 2025, totaling 415,000 ounces as platinum mine output is expected to decline by 6 percent year-over-year. Demand is projected to fall by 4 percent largely due to lower outputs in the glass and automotive sectors.

Platinum’s supply deficit is expected to continue into 2026 and grow to an estimated 480,000 ounces as mine supply is forecast to fall by 2 percent to a 12 year low (excluding COVID 2020). “With few new projects coming online after years of underinvestment, mine supply is undergoing structural decline,” noted the report’s authors.

This will be happening at the same time that demand is expected to rebound by 1 percent on renewed industrial demand, specifically out of the glass and chemical sector in China. Yet, Metals Focus cautions that demand out the automotive and jewelry sectors are likely to contract.

The trend toward electrification is the auto industry may have slowed, but it’s still expected to erode platinum demand, especially as catalytic converter manufacturers shift back to more cost-effective palladium.

Metals Focus is forecasting a 2026 average platinum price of US$1,670 per ounce, up 34 percent over the previous year.

Platinum and palladium price outlook

Chart via Metals Focus, Bloomberg

Looking over to palladium, Metals Focus has a more bearish view. The firm is projecting palladium prices to average US$1,350 per ounce in Q4 2025, falling to US$1,150 by Q4 2026. Although the palladium market has been in a physical deficit for the past few years, that deficit is expected to shrink from 566,000 ounces in 2024 to 367,000 ounces in 2025 before narrowing even further to 178,000 in 2026.

The same structural issues plaguing platinum are also of course weighing on palladium mine supply, which is forecast to fall by 3 percent in 2026. However, secondary supply is projected to increase by 10 percent as recycling activity recovers. Overall, total palladium supply is expected to grow by 1 percent for the year. At the same time, demand for palladium is set to decline by just over 1 percent in 2026 on a drop from the automotive sector.

Investor takeaway

Both platinum and palladium are considered precious metals based on their rarity and use in jewelry fabrication and physical bullion. As such, they both are known to benefit when investor sentiment for safe-haven gold is high.

However, not all precious metals are precious to investors at the same time. Just ask silver. The industrial uses for these metals is a much bigger driver of demand compared to the investment space. For 2026, it’s platinum that will continue to ride gold’s rally and provide investors with plenty of upside based on its strong fundamentals.

Securities Disclosure: I, Melissa Pistilli, currently hold no direct investment interest in any company mentioned in this article.

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(TheNewswire)

Brossard, Quebec TheNewswire – October 28, 2025 CHARBONE CORPORATION (TSXV: CH,OTC:CHHYF; OTCQB: CHHYF; FSE: K47) (‘ CHARBONE ‘ or the ‘ Company ‘), a North American producer and distributor specializing in clean Ultra High Purity (‘ UHP ‘) hydrogen and strategic industrial gases, is pleased to announce that civil construction work officially began yesterday, October 27, 2025, at the Sorel-Tracy site in accordance with the timeline presented in the Company’s October 22 press release.

This milestone marks the concrete launch of the construction phase for CHARBONE’s first clean UHP hydrogen production module in Quebec. The work involves the complete preparation of technical infrastructure and the installation of foundations required for the reassembly of the main equipment, the delivery of which was successfully completed earlier this month.

We are extremely proud to see the project progressing exactly according to plan, thanks to the outstanding commitment of our teams and partners ,’ said Dave B. Gagnon, CEO of CHARBONE . ‘ The start of civil construction work brings our vision of local, decarbonized clean UHP hydrogen production in Quebec to life. Each milestone achieved brings us closer to commissioning in November and to the broader deployment of our modular model .’


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About CHARBONE CORPORATION

CHARBONE is an integrated company specializing in clean Ultra High Purity (UHP) hydrogen and the strategic distribution of industrial gases in North America and Asia-Pacific. Through a modular approach, the Company is building a distributed network of green hydrogen production plants while diversifying revenues via helium and specialty gas partnerships. This disciplined model reduces risk, enhances flexibility, and positions CHARBONE as a leader in the transition to a low-carbon future. CHARBONE is listed on the TSX Venture Exchange (TSXV: CH,OTC:CHHYF) , the OTC Markets (OTCQB: CHHYF) , and the Frankfurt Stock Exchange (FSE: K47) . Visit www.charbone.com .

Forward-Looking Statements

This news release contains statements that are ‘forward-looking information’ as defined under Canadian securities laws (‘forward-looking statements’). These forward-looking statements are often identified by words such as ‘intends’, ‘anticipates’, ‘expects’, ‘believes’, ‘plans’, ‘likely’, or similar words. The forward-looking statements reflect management’s expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under ‘Risk Factors’ in the Corporation’s Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements.

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

Neither 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 .

Contact Charbone Corporation

Telephone: +1 450 678 7171

Email: ir@charbone.com

Benoit Veilleux

CFO and Corporate Secretary

Copyright (c) 2025 TheNewswire – All rights reserved.

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