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Best-to-date titanium–vanadium–iron drill results at Trapper Zone underscore Radar’s large-scale oxide system within the 160 km² Dykes River intrusive complex near tidewater in Labrador

Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical mineral discovery, is pleased to highlight a strengthened titanium thesis for its Radar Ti-V-Fe Project near the port of Cartwright, Labrador, following the Company’s best drill results to date from the Trapper Zone Phase 1 Mineral Resource Estimate (‘MRE’) drill program.

SAGA’s latest assays from the first two of eight completed MRE program drill holes at Trapper Zone demonstrate long, cumulative intervals of oxide mineralization with significant assay results of titanium dioxide (TiO₂), vanadium pentoxide (V₂O₅) and iron oxides (Fe₂O₃). This mineral assemblage is consistent with vanadiferous titanomagnetite (‘VTM’) and ilmenite mineralization that could potentially underpin multiple downstream titanium value chains and support an emerging strategic narrative: a need for resilient North American titanium supply.

SAGA believes Radar’s titanium-bearing oxide system is increasingly topical as Western governments and manufacturers focus on secure, defense-aligned supply chains for titanium metal inputs. In a January 2, 2026, MINING.com article citing Project Blue’s report ‘Metals and the Security of Nations’, titanium is characterized as a critical mineral for defense and aerospace, with supply-chain risk concentrated in titanium metal pathways (including aerospace-grade sponge capacity and certification) rather than in pigment markets. The vast majority – over 90% globally of mined titanium is processed into the pigment – a looming supply chain gap UK-headquartered market intelligence company Project Blue outlines in its report.

‘Titanium is essentially a defence metal – it can be up to 20% or more of the markets for total titanium consumption that goes into defence. An F 15 can be up to 40% in weight of titanium. There’s some serious volume going in these jet planes,’ Project Blue Founder and Director, Dr. Nils Backeberg told MINING.com in an interview. 

Saga Metals Releases Best-to-Date Drill Results at the Radar Project Confirming Robust Titanium–Vanadium–Iron Oxide Mineralization at Trapper Zone — Assay Highlights:

  • Hole R-0008: 269.36 m @ 6.57% TiO₂, 0.244% V₂O₅, 36.21% Fe₂O₃ (full hole)
  • Hole R-0009: 296.47 m @ 7.46% TiO₂, 0.250% V₂O₅, 39.75% Fe₂O₃ (full hole)
  • High-grade intervals within the broader intercepts, including 2 m @ 13.30% TiO₂ (core sample 1800528)

Michael Garagan, CGO & Director of Saga Metals, stated: ‘The results from the first two holes at the Trapper Zone are an outstanding success, and represent the best intercepts drilled on the Radar property to date.’

What’s Different About the Radar Ti-V-Fe Project: A District-Scale Oxide System Enclosing the Entire Dykes River Intrusive Complex Potentially Forming a New North American Titanium Narrative

SAGA’s Radar Project is not a single isolated target. The Radar Property spans 24,175 hectares and hosts the entire Dykes River intrusive complex (~160 km²)—a property-scale position that is unique among Western explorers. Geological mapping, geophysics and trenching confirm oxide layering across more than 20 km of strike length and mineralization open for expansion. Drilling to date (4,250 m total) has confirmed a large mineralized layered mafic intrusion hosting VTM and ilmenite concentrations with strong titanium and vanadium grades. Drilling and geophysics validate a continuous 16+ km oxide layering trend stretching from the Hawkeye Zone to the Trapper Zone, coinciding with a strong arcuate regional magnetic-high anomaly.

Titanium Market Context: Defense and Aerospace Supply Chains Are Driving Urgency

This exploration progress is occurring against a strengthening macro backdrop for titanium as a defense and aerospace critical mineral, where supply-chain resilience—not just demand growth—has become a primary strategic driver. Titanium is deemed a critical metal by the U.S., EU and Canada and is essential for defense and aerospace applications due to its strength-to-weight ratio and corrosion resistance.

At the same time, the titanium market is structurally bifurcated: TiO₂ pigment dominates mined titanium flows, while defense and aerospace rely on titanium metal supply chains that are sensitive to geopolitics and processing constraints. Project Blue (as reported by MINING.com) notes that over 90% of mined titanium is processed into pigment, and that near-term vulnerability centers on aerospace-grade titanium sponge capacity and certification, rather than mineral availability alone. The same report highlights titanium supply-chain concentration risks, stating Russia remains a leading source of aerospace-grade titanium and that China’s share of global titanium metals has increased sharply in recent years.

Titanium market growth tailwinds

Third-party market research distributed via openPR (DataM Intelligence) forecasts the global titanium market could grow from US$30.34 billion (2024) to US$52.52 billion by 2032 (CAGR 7.10%), citing demand drivers including aerospace, defense, automotive, and renewable energy; the same release indicates Asia-Pacific leads with 45% share. openPR.com

‘SAGA’s recent assays are truly exceptional, delivering long intervals of high-grade titanium, vanadium, and iron oxide mineralization—highlighting the immense potential of this district-scale oxide system. At Saga Metals, we’re committed to advancing Radar as a strategic source of titanium right here in Labrador, bolstering resilient, domestic supply chains to meet these urgent national security needs,’ stated Mike Stier, CEO & Director of Saga Metals.

Next steps at the Radar Project:

SAGA expects to receive additional assay results next week, with remaining results shortly thereafter, and plans to mobilize crews by mid-January to initiate the 2026 phase of the Trapper Zone MRE drill program.

Figure 1: Location of the Fall 2025 phase of drilling at Trapper Zone, showing the TMI of the 2025 Trapper Zone ground magnetic survey as well as the grid for the MRE drill program to be completed in 2026.

About the Radar Ti-V-Fe Property:

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 2: Radar Project’s prospective oxide layering zone validated over ~16 km strike length through Fall 2025 drilling, as shown on a compilation of historical airborne geophysics as well as ground-based geophysics in the Hawkeye and Trapper zones completed by SAGA in the 2024/2025 field programs. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs.

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

Samples were cut by Company personnel at SAGA’s core facility in Cartwright, Labrador. Diamond drill core was sawed and then sampled in maximum 2 m intervals. Drill hole core diameter utilized was NQ.

Core samples have been prepared and analyzed at IGS laboratory facility in Montreal, Quebec. Blanks, duplicates, and certified reference standards are inserted into the sample stream to monitor laboratory performance. Crush rejects and pulps are kept and stored in a secured storage facility for future assay verification. The Company utilizes a rigorous, industry-standard QA/QC program.

Note: Market data is sourced from https://www.openpr.com/news/4334101/titanium-market-to-reach-usd-52-52-billion-by-2032-strong-7-10 and has not been independently verified by SAGA. Mining.com released an article on January 2, 2026 referenced in this press release and is sourced from: https://www.mining.com/us-must-ramp-up-titanium-capacity-to-avoid-squeeze-project-blue-founder-says/

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 a total of 4,250 m of drilling, has confirmed a large and mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) and ilmenite mineralization with strong grades of titanium and vanadium.

The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares and features uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U3O8. 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 spanning key commodities critical to the clean energy future, SAGA is strategically positioned to play an essential role in critical mineral security.

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. 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.

Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e21bb951-27c0-4b42-8a84-30fb2b2317f1 

https://www.globenewswire.com/NewsRoom/AttachmentNg/46a5c706-d557-4027-bbbe-ec9278c19754

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Blackrock Silver Corp. (TSXV: BRC,OTC:BKRRF) (OTCQX: BKRRF) (FSE: AHZ0) (‘Blackrock’ or the ‘Company’) is pleased to announce the completion of its non-brokered private placement (the ‘Offering’) previously announced on December 24, 2025. 2176423 Ontario Ltd., a company beneficially owned by Eric Sprott, purchased an aggregate of C$6,999,960 of the Offering. The Offering consisted of a total of 13,636,300 units of the Company (the ‘Units’) at a price of C$1.10 per Unit for gross proceeds of C$14,999,930. Each Unit consisted of one common share of the Company (each, a ‘Common Share’) and one-half of one Common Share purchase warrant (each whole warrant, a ‘Warrant’). Each Warrant entitles the holder thereof to acquire one Common Share at an exercise price of C$1.50 per Common Share until January 8, 2028.

Andrew Pollard, Blackrock’s President and Chief Executive Officer, commented: ‘Supported by Eric Sprott and a new cornerstone investor, this $15 million financing meaningfully strengthens our balance sheet as we advance Tonopah West toward development. As an emerging American silver developer, we are accelerating permitting and de-risking initiatives in 2026 to support the advancement of a secure, high-quality domestic source of silver for the U.S. market.’

The net proceeds of the Offering are intended to be used by the Company to fund exploration, permitting and pre-development activities on the Company’s Tonopah West project and for general working capital.

In connection with the closing of the Offering, the Company paid Research Capital Corporation (the ‘Finder‘) finder’s fees in cash totalling C$689,997 and issued to the Finder a total of 627,270 non-transferable finder’s warrants (‘Finder’s Warrants‘) in connection with the Units placed by the Finder. Each Finder’s Warrant entitles the holder thereof to acquire one Common Share at an exercise price of C$1.50 until January 8, 2028.

The participation of Eric Sprott in the Offering constituted a ‘related party transaction’, within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 (‘MI 61-101‘). The Company has relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the related party participation in the Offering as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the interested parties, exceeded 25% of the Company’s market capitalization (as determined under MI 61-101).

The Common Shares, Warrants and Finder’s Warrants issued in connection with the Private Placement and the Common Shares issuable upon exercise of the Warrants and Finder’s Warrants are subject to a hold period expiring on May 9, 2026.

The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the ‘U.S. Securities Act‘) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Blackrock Silver Corp.

Backed by gold and silver ounces in the ground, Blackrock is a junior precious metal focused exploration and development company driven to add shareholder value. Anchored by a seasoned Board of Directors, the Company is focused on its 100% controlled Nevada portfolio of properties consisting of low-sulphidation, epithermal gold and silver mineralization located along the established Northern Nevada Rift in north-central Nevada and the Walker Lane trend in western Nevada.

Additional information on Blackrock Silver Corp. can be found on its website at www.blackrocksilver.com and by reviewing its profile on SEDAR at www.sedarplus.ca.

Cautionary Note Regarding Forward-Looking Statements and Information

This news release contains ‘forward-looking statements’ and ‘forward-looking information’ (collectively, ‘forward-looking statements‘) within the meaning of Canadian and United States securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release relate to, among other things: the net proceeds from the Offering and the intended use of proceeds therefrom; the advancement of the Tonopah West project towards development, including the acceleration of permitting and de-risking initiatives at the Tonopah West project; and the intention for the Tonopah West project to function as a future secure, high-quality domestic source of silver for the U.S. market.

These forward-looking statements reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include, among other things: conditions in general economic and financial markets; accuracy of assay results; geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services; future operating costs; the historical basis for current estimates of potential quantities and grades of target zones; the availability of skilled labour and no labour related disruptions at any of the Company’s operations; no unplanned delays or interruptions in scheduled activities; all necessary permits, licenses and regulatory approvals for operations are received in a timely manner; the ability to secure and maintain title and ownership to properties and the surface rights necessary for operations; and the Company’s ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.

The Company cautions the reader that forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing and content of work programs; results of exploration activities and development of mineral properties; the interpretation and uncertainties of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses; availability of funds; failure to delineate potential quantities and grades of the target zones based on historical data; general market, political, economic and industry conditions; and those factors identified under the caption ‘Risks Factors’ in the Company’s most recent Annual Information Form.

Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, 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.

For Further Information, Contact:

Andrew Pollard
President and Chief Executive Officer
(604) 817-6044
info@blackrocksilver.com

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279847

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The executive order (EO) of December 18 to reclassify cannabis to Schedule III is a monumental decision that will fundamentally reshape the market.

The official recognition of its medical utility is a designation that cannot be removed from the administrative record.

The industry is evolving from a lifestyle-driven, speculative sector into a professionalized asset class centered on medical and pharmaceutical applications. This shift moves the sector from a speculative, wait-and-see environment to a high-stakes period requiring fundamental restructuring.

Clearing the judicial runway

The path to federal rescheduling is currently obstructed by a stalled administrative hearing process that has reached a procedural standstill.

While the EO mandates an expeditious timeline, the actual movement is frozen because the DEA has yet to enter a briefing schedule following a request for an interlocutory appeal.

Legal expert Shane Pennington suggests that the most efficient path forward is for the administration to simply cancel or withdraw the pending ALJ hearing altogether by citing the lack of constitutional Administrative Law Judges (ALJs) and documented ex parte communications, and move directly toward a final rule based on the HHS’s already established medical record.

By withdrawing the hearing, the Department of Justice effectively moots the current interlocutory appeal, allowing the DOJ to issue a Final Rule relatively quickly.

Once the final rule is published, the industry and movement will likely shift to the DOJ side against prohibitionist stays in federal appellate courts. This is a stark contrast to previous years, where advocates were on the offensive.

The capital markets thaw

The true catalyst for investors in 2026 is not the headline of rescheduling but the fundamental transformation of balance sheets. For decades, the cannabis industry operated under so-called “cannabis exceptionalism”, a state where standard business rules, tax laws and banking protections were suspended, blocking deductions and choking liquidity.

Rescheduling will remove these barriers to unleash normalized cash flows and institutional capital into a sector long treated as radioactive, though Ahrens notes major wirehouses will block stocks until the ink dries

Additionally, moving to Schedule III eliminates the Section 280E penalty, which currently prevents businesses from deducting standard operating expenses like rent and payroll, and unlocks bankruptcy protections. Ahrens pointed out that US cannabis firms have been forced to operate leanly on a shoestring compared to Canadian counterparts; normalized taxation will finally allow these firms to operate as legitimate consumer or healthcare categories.

Current effective tax rates can soar to 70 percent or more; post-rescheduling, these rates are expected to align closer to the standard 21 percent corporate rate.

The removal of Section 280E is expected to trigger a cash flow expansion. Perceived risk reduction could cause valuation multiples to improve after-tax earnings. Higher valuations and greater cash flow will increase debt capacity and make acquisitions easier to finance and more accretive.

“The first thing US cannabis companies are going to do is pay down their debt,” said Ahrens. “I’d (also) expect to see more M&A once everything is complete.”

Clinical legitimacy and the CBD bridge

Schedule III, while not legalizing cannabis, reduces the federal hurdle for clinical trials. This eases security and compliance requirements for researchers, paving the way for FDA-approved cannabinoid treatments and creating a formal pipeline for medical legitimacy.

Dr. Priyanka Sharma of Casmira Therapeutics noted the EO’s call for HHS, FDA, CMMS and NIH to collaborate on research methods using real-world evidence, including randomized controlled trials, longitudinal studies and patient interviews to inform clinical standards.

She emphasized a CMMI pilot arming healthcare professionals with tools to manage complex Medicare patients on hemp-derived CBD, including duration, dosing and drug interactions.

With federal research barriers lowered, MSOs become realistic acquisition targets for Big Pharma giants looking for validated medical compounds.

A critical wildcard for the 2026 market is the impending federal crackdown on intoxicating hemp products under Farm Bill revisions, set to take effect in November 2026.

Ahrens expects the new definition to remove unfair competition by pulling intoxicating gray market products from shelves, pushing consumers toward the regulated MSO market.

Sharma noted the EO explicitly acknowledges this hemp-derived legal instability, positioning CBD as a federal priority for research coordination and clinical frameworks.

The bottom line

While market volatility remains high, this remains a market for long-term fundamental thinkers, not short-term speculators, as the industry moves toward concrete regulatory execution.

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

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Savannah Resources Plc, the developer of the Barroso Lithium Project in Portugal, a ‘Strategic Project’ under the European Critical Raw Materials Act and Europe’s largest spodumene lithium deposit (the ‘Project’), is delighted to announce the award of a non-reimbursable grant (the ‘Grant’) of up to approximately €110 million (approximately US$128 million) from the Portuguese State and supported by national funds under the European Commission Temporary Crisis and Transition Framework.

The Grant represents a highly significant financial contribution towards the planned construction of the Project and further demonstrates the support the Project is receiving from the Portuguese State in recognition of its status as an asset of national and European importance in a new strategic industry for the country and the European Union.

Highlights:

  • Source: The Grant draws on the State’s ‘Investments in Strategic Sectors’ Incentive Scheme, ruled by Government Order no. 306-A/2024/1, of November 27th (‘Regulation’) and falls under the contractual investment regime (‘RCI’), approved by Decree-Law No. 191/2014, of 31 December, representing a large investment project in sectors that are fundamental to the transition towards a carbon-neutral economy and in strategic sectors for the transition to a net-zero emissions economy.
  • State Entities involved: The award is made by means of an investment agreement with the Portuguese Trade & Investment Agency (‘AICEP’), pursuant to the approval by the Managing Authority of the Thematic Programme for the Innovation and Digital Transition Programme (COMPETE 2030) and the Ministry of Economy and Territorial Cohesion and supported under the European Commission’s Temporary Crisis and Transition Framework.
  • Conditions precedent: Savannah must comply with certain conditions and Project timelines in order to receive the Grant (see below).
  • Next steps: Pursuant to the signing of the investment contract by the parties, Savannah will work with AICEP to make the Grant compatible with any future Project Financing and/or other potential funding options to complement the development of the Project. Once executed, Savannah expects that draw down from the first tranche of the funding will take place in parallel with the initial capital development phase of the Project.

Emanuel Proenca, CEO of Savannah said, ‘The award of this Grant marks another, highly important, milestone for Savannah and the Barroso Lithium Project. The scale of the financial commitment being made by the Portuguese State will provide a significant contribution towards the Project’s CAPEX as we target production from 2028. It also underlines the Portuguese State’s significant support for the Project’s delivery, and mirrors similar recent actions taken by other governments in support of strategic projects elsewhere in Europe and around the world.

‘There are multiple social and economic benefits associated with bringing our Project into production, including creating a new industry and economic growth for Portugal, providing a domestic source of responsibly produced lithium raw material for Europe’s greater energy independence, and bringing much needed development and job opportunities to the Barroso region and the wider northeast of Portugal. We are conscious of the responsibility we have to deliver a project in accordance with the best international standards and to the benefit of many people and entities on the ground in the Barroso region with whom we already work. We are committed to fulfilling the demands and responsibilities associated with Portuguese State investment, and we have strong confidence in the State’s commitment to continue to do its part in making Portugal’s lithium battery value chain a success for the country’s current and future generations.’

‘I look forward to providing Savannah’s shareholders and stakeholders with further updates regarding the Grant as it progresses’.

Henrique Freire, CFO of Savannah said, This Grant is excellent news and represents strong financial and national support to our Project, which will instil great confidence in our existing and future stakeholders.

‘Savannah has already made good progress on key elements of the potential financing package for the Project, including this Grant, ahead of a Final Investment Decision expected later in the year. In the months ahead we will continue to work on additional elements, such as debt financing and additional partnerships, so that we have a full suite of financing options available to deliver full execution of this highly strategic project.’

Further information

  • Process and source of funding: The Grant is made following the call for Applications SIFN/ISE/01-2024 – Incentive System «Investments in Strategic Sectors», supported by national funds. Application no. 25645 was submitted by Savannah’s Portuguese subsidiary, Savannah Lithium, Unipessoal Lda, under the contractual investment regime (‘RCI’), approved by Decree-Law No. 191/2014, of December 31, and paragraph 1 of Article 1 of the Regulation, presenting large investment projects in sectors that are fundamental to the transition towards a carbon-neutral economy and in strategic sectors for the transition to a net-zero emissions economy. The application was evaluated and negotiated with AICEP and then received approval from the Managing Committee of the Managing Authority of the Thematic Programme for the Innovation and Digital Transition Programme (COMPETE 2030) and the Portuguese Government, under Order no. 241/2026, of December 29th, published within the Official Gazette (‘Diário da República’), Series 2, no. 4, on 7 January 2026.
  • Objective: Construction of a new extraction and production unit for spodumene concentrate essential for the production of batteries, electrolyzers and other equipment that incorporate lithium in their composition, in Boticas (Vila Real district, NUTS II Norte).
  • Financing: The call allows for 35% of the total amount of eligible expenses to be granted to the applicant. Hence, Savannah can receive up to a maximum total value of €109.67 million (US$128.31 million) in the form of a Non-Refundable Grant divided into two parts as follows:
    • An amount of up to €82.25 million (US$96.23 million) equivalent to 75% of the total, granted as consideration for the execution of the operation (CAPEX); and
    • An amount of up to €27.42 million (US$32.08 million) equivalent to 25% of the total, awarded as a contractual performance bonus sometime between 2031 and 2042.
  • Status of Grant: The Grant is executed through an investment contract entered into between AICEP and Savannah Lithium Unipessoal Lda, under the terms of Decree‑Law no. 191/2014, of 31 December and the Regulation.
  • Conditions precedent and execution risk. Savannah notes that while this Grant represents a significant milestone, the Project remains subject to permitting, financing, construction, and operational risks typical of mining developments. Shareholders should note that the timing and quantum of Grant receipts are contingent on meeting all contractual conditions. Should Savannah or the Portuguese State not comply with the conditions precedent before the end of the year, the contract would be void.
  • Next steps: Pursuant to the signing of the investment contract, Savannah will work with AICEP to complete its execution and the fulfilment of all contractual and legal obligations, notably regarding the Grant’s compatibility with any future Project Financing and/or other potential funding option to complement the development of the Project.

Regulatory Information

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (‘MAR’), and is disclosed in accordance with the Company’s obligations under Article 17 of MAR.

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

Savannah Resources PLC

Emanuel Proença, CEO

Tel: +44 20 7117 2489

SP Angel Corporate Finance LLP (Nominated Advisor & Broker)

David Hignell/ Charlie Bouverat (Corporate Finance)

Grant Barker/Abigail Wayne (Sales & Broking)

Tel: +44 20 3470 0470

Canaccord Genuity Limited (Joint Broker)

James Asensio / Charlie Hammond (Corporate Broking)

Ben Knott (Sales)

Tel: +44 20 7523 8000

Portugal Media Relations

Savannah Resources: Antonio Neves Costa, Communications Manager

Tel: +351 962 678 912

About Savannah

Savannah Resources is a mineral resource development company and the sole owner of the Barroso Lithium Project (the ‘Project’) in northern Portugal. The Project is the largest battery grade spodumene lithium resource outlined to date in Europe and was classified as a ‘Strategic Project’ by the European Commission under the Critical Raw Materials Act in March 2025.

Through the Project, Savannah will help Portugal to play an important role in providing a long-term, locally sourced, lithium raw material supply for Europe’s lithium battery value chain. Once in operation the Project will produce enough lithium (contained in c.190,000tpa of spodumene concentrate) for approximately half a million vehicle battery packs per year and hence make a significant contribution towards the European Commission’s Critical Raw Material Act goal of a minimum 10% of European endogenous lithium production from 2030.

Savannah is focused on the responsible development and operation of the Barroso Lithium Project so that its impact on the environment is minimised and the socio-economic benefits that it can bring to all its stakeholders are maximised.

The Company is listed and regulated on the AIM Market of the London Stock Exchange and trades under the ticker ‘SAV’.

Source

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Strategic Minerals plc (AIM: SML; USOTC: SMCDF), an international mineral exploration and production company, is pleased to provide the following update on Q4 and 2025 performance and activities.

Highlights

  • Significant share price appreciation in 2025 – up 470% and one of the top performing companies listed on AIM
  • Exceptional drill results received from three of nine drill holes completed at the Company’s Redmoor Tungsten-Tin-Copper Project
  • Positive metallurgical work from Stage 1 studies with mass recovery to flotation feed of approximately 43.9%, and stage metal recoveries of 94.3% tungsten, 95.6% tin, and 90.7% copper to an average 2.1x upgrade ratio
  • On target to release updated Mineral Resource Estimate before the end of Q1 2026
  • Renewed investor and stakeholder engagement including non-deal institutional roadshow, a webinar presentation with approximately 1,000 recorded views, and attendance at the Critical Minerals Association and Resourcing Tomorrow conferences in London
  • Cobre magnetite operation recorded its 3rd highest annual ore sales in 14 years with 61,279 tons sold to a diverse customer base, generating sales of approximately US$4.23 million
  • Exercise of exclusive call option by Cuprum Metals (‘Cuprum’) to acquire the Company’s wholly owned subsidiary Leigh Creek Copper Mine with A$0.25 million received so far through the call option payment of A$0.1 million and First Instalment payment on A$0.15 million. A further A$1.75 million is due upon the earlier of 31 May 2026 or the execution of a Definitive Agreement between the Company and Cuprum. Along with a subsequent earn-out from production of A$4 million and receiving 19.9% of the shares of any entity that Cuprum intends to list on the Australian Securities Exchange, this brings the total consideration up to A$9 million.
  • Strategic Minerals’ cash as at 31 December 2025 was US$0.78 million after continued substantial investment in Cornwall Resources’ development programme and awaiting a further rebate from the UK Shared Prosperity Fund

Operational Highlights (By Subsidiary)

Cornwall Resources

Redmoor Tungsten-Tin-Copper Project, Cornwall, UK (‘Redmoor’)

  • Awarded c.£764,000 UK Government grant funding from the UK Shared Prosperity Fund, which together with matched funds from the Company’s April 2025 placing, is supporting the programme to accelerate Redmoor towards pre-feasibility
  • 1st drilling since 2018 began in June with 5048.70 m completed by December 2025 ahead of schedule, within budget, and with exceptional results reported to date
    • Includes 1.10 m @ 7.19% WO3, 0.02% & 1.11% Cu (7.51% WO3.Eq) and 0.97m at 7.52 WO3, 0.03% Sn & 0.87% Cu (7.78% WO3.Eq), including one of the top 10 highest-grade sample results recorded at Redmoor from all previous drilling campaigns
  • Multiple mineralised intervals and wide zones of mineralisation within the Redmoor sheeted vein system identified, reinforcing Redmoor’s status as one of the highest-grade undeveloped tungsten deposits globally
  • Re-analysis of historical samples confirmed previous underreporting of certain samples and an average 9.2% increase in tungsten grades, further solidifying Redmoor’s position as Europe’s highest-grade undeveloped tungsten deposit
  • Strategic Minerals invested in upgraded facilities and team expansion to support the programme

Southern Minerals Group

Cobre Magnetite Stockpile, New Mexico, USA

  • Continued strong operational performance across 2025 despite 10-day shutdown due to wildfires
  • Sales of magnetite increased over the course of the year
    • Q4 sales were up 4% on Q3, and Q3 sales were up 45% on Q2
    • By volume, H2 saw an increase of 15.2%
  • Total sales of approximately US$4.23 million (2024: US$4.75 million) generated from 61,279 tons or ore sold to customers (2024: 70,659 tons)

Sales comparisons on quarterly and yearly periods, along with associated volume details, are shown in the table below:

Volume (tons)

Sales (US

Leigh Creek Copper Mine (‘LCCM’)

Leigh Creek Copper Project, South Australia

  • South Pacific Mineral Investments Pty Ltd trading as Cuprum Metals (‘Cuprum’) exercised its call option to acquire LCCM and paid the First Instalment of A$0.15 million – a total of A$0.25 million has now been received
  • Second Instalment of A$1.75 million to be received on the earlier of execution of a Definitive Agreement, or 31 May 2026*
  • Both parties are confident in restarting LCCM this year, supported by strong copper market fundamentals

*Cuprum’s right to acquire LCCM will lapse if the Second Instalment has not been paid to the Company by 31 May 2026

Mark Burnett, Executive Director of Strategic Minerals, commented:

‘2025 was a transformational year for Strategic Minerals. We successfully restructured and reorganised the Company, positioning it to deliver increased near-term revenue from Cobre and long-term value creation from the Redmoor Tungsten-Tin-Copper Project. We are utilising sustainable cash flows from Cobre to unlock the full potential of Redmoor with a clear opportunity to develop it and the surrounding area into a world leading source of tungsten, tin and copper to provide resilience to western world supply chains. The Redmoor drill programme has gone exceptionally well so far, and we anticipate further resource growth and additional efficiencies for future infill drilling as part of a pre-feasibility programme.’

For further information, please contact:

Strategic Minerals plc

+44 (0) 207 389 7067

Mark Burnett

Executive Director

Website:

www.strategicminerals.net

Email:

info@strategicminerals.net

Follow Strategic Minerals on:

X:

@StrategicMnrls

LinkedIn:

https://www.linkedin.com/company/strategic-minerals-plc

SP Angel Corporate Finance LLP

+44 (0) 20 3470 0470

Nominated Adviser and Broker

Matthew Johnson/Charlie Bouverat/Grant Barker

Zeus Capital Limited

Joint Broker

Harry Ansell/Katy Mitchell

+44 (0) 203 829 5000

Vigo Consulting

+44 (0) 207 390 0234

Investor Relations

Ben Simons/Peter Jacob/Anna Sutton

Email:

strategicminerals@vigoconsulting.com


Notes to Editors

About Strategic Minerals plc and Cornwall Resources Limited

Strategic Minerals plc (AIM: SML; USOTC: SMCDY) is an AIM-quoted, producing minerals company, actively developing strategic projects in the UK, United States and Australia.

In 2019, the Company completed the 100% acquisition of Cornwall Resources Limited and the Redmoor Tungsten-Tin-Copper Project.

The Redmoor Project is situated within the historically significant Tamar Valley Mining District in Cornwall, United Kingdom, with a JORC (2012) Compliant Inferred Mineral Resource Estimate published 14 February 2019:

Cut-off (SnEq%)

Tonnage (Mt)

WO3

%

Sn

%

Cu

%

Sn Eq1

%

WO3 Eq

%

>0.45 <0.65

1.50

0.18

0.21

0.30

0.58

0.41

>0.65

10.20

0.62

0.16

0.53

1.26

0.88

Total Inferred Resource

11.70

0.56

0.16

0.50

1.17

0.82

1 Equivalent metal calculation notes; Sn(Eq)% = Sn% x 1 + WO3% x 1.43 + Cu% x 0.40. WO3(EQ)% = Sn% x 0.7 + WO3 + Cu% x 0.28. Commodity price assumptions: WO₃ US$ 33,000/t, Sn US$ 22,000/t, Cu US$ 7,000/t. Recovery assumptions: total WO3 recovery 72%, total Sn recovery 68% & total Cu recovery 85% and payability assumptions of 81%, 90% and 90% respectively

More information on Cornwall Resources can be found at: https://www.cornwallresources.com

In September 2011, Strategic Minerals acquired the distribution rights to the Cobre magnetite project in New Mexico, USA, through its wholly owned subsidiary Southern Minerals Group. Cobre has been in production since 2012 and continues to provide a sustainable revenue stream for the Company.

In March 2018, the Company completed the acquisition of the Leigh Creek Copper Mine situated in the copper rich belt of South Australia. South Pacific Mineral Investments Pty Ltd trading as Cuprum Metals has exercised an exclusive Call Option to acquire 100% of the project.

About the CIOS Good Growth Fund and UK Shared Prosperity Fund

This project is part-funded by the UK Government through the UK Shared Prosperity Fund. Cornwall Council is responsible for managing projects funded by the UK Shared Prosperity Fund through the Cornwall and the Isles of Scilly Good Growth Programme.

Cornwall and Isles of Scilly has been allocated £184 million for local investment through the Shared Prosperity Fund. This new approach to investment is designed to empower local leaders and communities, so they can make a real difference on the ground where it’s needed the most.

The UK Shared Prosperity Fund proactively supports delivery of the UK-government’s five national missions: pushing power out to communities everywhere, with a specific focus to help kickstart economic growth and promoting opportunities in all parts of the UK.

For more information, visit

https://www.gov.uk/government/publications/uk-shared-prosperity-fund-prospectus

For more information, visit https://ciosgoodgrowth.com

Source

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Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt: SC1P) (‘Skyharbour’ or the ‘Company’), is pleased to announce that it has acquired by low-cost staking forty new prospective uranium exploration claims in Northern Saskatchewan, increasing Skyharbour’s total land package that it has ownership interest in to 662,887 hectares (1,638,029 acres) across 43 projects. The newly staked claims, which are 100% owned by the Company, add 64,913 hectares (160,403 acres) to Skyharbour’s existing holdings in and around the Athabasca Basin, home to the highest-grade uranium deposits in the world and consistently ranked as a top global mining jurisdiction by the Fraser Institute. While Skyharbour remains focused on advancing its co-flagship Russell Lake project portfolio, recently joint-ventured with Denison Mines, and its 100% owned Moore Project, these new claims will form part of the Company’s prospect generator business through which Skyharbour will seek strategic partners to advance and unlock value from these assets.

Skyharbour’s New Uranium Project Portfolio Map:
https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2025-12-16.jpg

List of New Claims:

  • Carter North Project – 10 new claims totalling 36,393 ha
  • Rover Project – 1 new claim totalling 793 ha
  • East Dufferin Project – 1 new claim/project totalling 1,451 ha
  • Brustad Project – 1 new claim/project totalling 791 ha
  • 914 Project – 4 new claims totalling 2,898 ha
  • Elevator Project – 4 new claims totalling 1,742 ha
  • Pendleton Project – 1 new claim totalling 1,448 ha
  • Yurchison Project – 16 new claims totalling 16,966 ha
  • Tarku Project – 1 new claim totalling 2,384 ha
  • South Dufferin Project – 1 new claim totalling 49 ha

Summary of Recently Staked Properties:

Carter North:

The newly staked Carter North Project consists of ten mineral claims, nine of which are contiguous, with one standalone claim, totaling 36,393 hectares. The project is located in the western Athabasca Basin, adjacent to Cameco’s North Williams Project, approximately 35 kilometres northeast of NexGen Energy’s Arrow Deposit and 164 kilometres north of the community of La Loche. The project is underlain by approximately 800 to 965 metres of Athabasca Basin sandstones and conglomerates overlying the Tantano Domain. The property covers interpreted extensions of the Patterson Lake, Derkson and Carter conductive corridors and is located along strike to the northeast of the Arrow and Triple R deposits.

Carter North Project Map:
https://www.skyharbourltd.com/_resources/images/SkyHarbour_CarterNorth.jpg

The project area has undergone a variety of historical exploration programs periodically between 1969 and 2023, consisting mostly of airborne radiometrics, EM (Input, GEOTEM, MEGATEM, ZTEM, and Mobile MT), ground gravity surveying, as well as prospecting, soil sampling, lake sediment sampling and boulder sampling. Two drill holes have been completed on the property, only one of which (BL-08-01) intersected the sandstone–basement unconformity. This hole returned 155 ppb Au over 0.5 metres in a sample collected immediately above the basal unconformity within Athabasca sandstone (SMDI 3075). This gold anomaly is considered significant, as gold enrichment can be associated with unconformity-related uranium mineralizing systems in the Athabasca Basin.

In addition, a historical lake sediment geochemical survey completed in 1980 reported a highly anomalous uranium value of 240 ppm U in sample SLB-80-69 (AF 74K02-0013), collected at a reconnaissance scale of approximately one sample per square kilometre, confirming a strong uranium anomaly on the property.

The most recent exploration work conducted on the Carter North property consisted of a MobileMT survey in 2023 by Stallion Uranium, which detected numerous basement conductors on the Carter North property, including trends interpreted as the extensions of the Patterson Lake, Carter, and Derksen trends, which are host to some of the world’s highest-grade uranium deposits to the southwest along trend, including the Arrow and Triple R uranium deposits.

Rover:

The newly staked Rover Project consists of a single claim totalling approximately 793 hectares located approximately 40 kilometres east of Cameco’s McArthur River Mine, 31 kilometers southeast of the Cigar Lake Mine, and 68 kilometers west of the community of Wollaston Lake. Historical exploration extended over a long-time span, from the late 1960’s through the early 1990’s, with most of the work being completed in the 1970’s. The property is located within the Athabasca Basin and is underlain by a shallow cover of Athabasca Group Sandstones, which in turn overly the Paleoproterozoic metasedimentary rocks of the Wollaston Supergroup.

Rover Project Map:
https://www.skyharbourltd.com/_resources/images/SkyHarbour_Rover.jpg

In 1994, Cameco conducted two ground prospectivity surveys on the property, targeting Pb-Zn-Ni anomalies. More recent work included airborne geophysics (VTEM and Horizontal Magnetic Gradiometer surveys) conducted by Phalanx Disposition Ltd. on behalf of Athabasca Uranium Inc. in 2013. In addition, Abasca Minerals and Athabasca Uranium completed a 455 line-kilometer HeliFALCON Gravity survey over two grids on the property. One drill hole (4675-001-79) was completed on the property in 1979, intersecting 133.7m of Athabasca sandstone, with a total depth of 151.5m. Aside from this single hole, the property remains largely untested by diamond drilling.

East Dufferin:

The East Dufferin Project consists of a single newly staked claim totalling 1,451 ha and is located immediately south of the southern margin of the Athabasca Basin in northern Saskatchewan, approximately 4 km west of Skyharbour’s South Dufferin project, which is currently under option to UraEx Resources. The project is underlain by Paleoproterozoic metasedimentary gneisses of the Mudjatik Domain overlying Archean granitoid gneisses and is situated immediately to the east of the Virgin River Shear Zone, which hosts the Centennial Zone uranium deposit approximately 26 km to the north of the East Dufferin project.

East Dufferin Project Map:
https://www.skyharbourltd.com/_resources/images/SkyHarbour_EastDufferin.jpg

Exploration work on the property between 1969 and 2010 included a variety of airborne EM, gravity, magnetic, and radiometric surveys, as well as ground magnetic and EM surveys, surficial geochemical sampling (including lake and stream water, lake sediment and vegetation sampling), prospecting and geological mapping. The most recent work consisting of ZTEM and airborne full tensor gravity (FTG) surveys completed by JNR Resources in 2009 and 2010. Prior exploration identified a broad zone of increased conductivity and moderate magnetic activity associated with a magnetic linear feature on the East Dufferin project, situated between strong EM conductors located just off the property to the north and east.

Brustad Project:

The Brustad project consists of one newly staked mineral claim totaling 791 hectares, located approximately 21 km east of Skyharbour’s South Dufferin property. The property is located just south of the southern Athabasca Basin margin in the Mudjatik Domain of northern Saskatchewan, with the basement rocks underlying the property including Archean granitoid gneisses and subordinate Paleoproterozoic metasedimentary gneisses.

Brustad Project Map:
https://www.skyharbourltd.com/_resources/images/SkyHarbour_Brustad.jpg

Historical exploration on the property includes airborne electromagnetics (AFMAG, MobileMT, GeoTEM, Input), magnetic and radiometric surveys, and limited prospecting, mapping, vegetation, and lake sediment sampling. No drilling has taken place on the project, but recent airborne geophysical surveys identified a north-south trending EM conductor running alongside the western edge of the property adjacent to a NW trending aeromagnetic low.

914 and Elevator Projects:

The 914 and Elevator Projects now comprise a total of thirteen mineral claims forming two contiguous claim blocks, covering 13,785 hectares. The 914 Project consists of seven contiguous claims totaling 4,031 hectares including four newly staked claims totaling 2,898 hectares. The Elevator Project consists of six contiguous claims totaling 9,754 hectares including four newly staked claims totaling 1,742 hectares. Both projects are located 35 to 55 km south of Cameco’s Key Lake Operation. The 914 Project lies 1 km east of Provincial Highway 914, while the Elevator Project is 12 km east of Highway 914, which provides access to the properties from southern Saskatchewan.

914 and Elevator Project Map:
https://www.skyharbourltd.com/_resources/images/SkyHarbour_914.jpg

Geological mapping and prospecting completed on and in the vicinity of the properties indicate that they are underlain by Wollaston Supergroup metasedimentary gneisses and Archean granitic to tonalitic gneisses of the Western Wollaston Domain, a geological setting known for basement-hosted, unconformity-related uranium mineralization elsewhere in the Athabasca Basin.

Extensive exploration was carried out on and around the properties during the 1970’s, including magnetic, gravity, and electromagnetic surveys, geological mapping, prospecting, and boulder and sediment sampling. Modern work has been limited, consisting of partial airborne VTEM coverage, light ground prospecting, and lake sediment sampling. The newly staked claims are positioned along the margins of regional-scale fold structures, with recent airborne magnetic data revealing additional geological complexity not captured in earlier mapping. Multiple uranium and REE showings exist in the surrounding area around the claims. The same basement rocks found on the 914 and Elevator Projects host unconformity-related and pegmatite-hosted uranium, thorium, and REE mineralization, and fault-hosted flake graphite elsewhere in the region.

Pendleton:

The Pendleton Project consists of four non-contiguous mineral claims totalling 5,338 ha including one recently staked claim totalling 1,448 ha, and is located approximately 70 km southeast of Cameco’s Key Lake Operation and 114 km northwest of the community of Southend. The Pendleton project lies along the Needle Falls Shear Zone at the boundary between the eastern Wollaston Domain and the western Peter Lake Domain. It is underlain by the Wollaston Supergroup metasedimentary rocks including psammopelitic, pelitic, and graphitic pelitic gneisses, as well as mylonitic and cataclastic rocks of the Needle Falls Shear zone and Archean granitoid gneisses, diorites, and gabbros of the Johnson River Inlier and Swan River Complex.

Pendleton Project Map:
https://www.skyharbourltd.com/_resources/images/SkyHarbour_Pendleton.jpg

The initial exploration work on the project was conducted in the 1970’s and 1980’s, consisting of airborne magnetic, radiometric, and EM surveys, as well as prospecting and geochemical sampling. Additional modern exploration included an airborne GEOTEM survey in 2004, ground prospecting and geochemical sampling. A single drill hole (PL-003) completed following the 2007 HLEM survey intersected faulted and sheared graphitic pelitic gneiss and returned anomalous concentrations of several pathfinder elements. The project is considered prospective for basement-hosted, unconformity-related uranium deposits, as well as pegmatite-hosted U-Th-REE mineralization and/or sediment-hosted Pb-Zn-Cu mineralization.

Yurchison:

The Yurchison Project has been expanded through the staking of sixteen additional mineral claims totaling 16,966 hectares, increasing the project’s total land package to 35,029 hectares. The expanded project consolidates the former Yurchison and Spence properties into a single land package. The Yurchison Project is located approximately 75 to 85 km south of Cameco’s Rabbit Lake operation, with Highway 905 located within 1 km of the westernmost claims. The project is underlain by Wollaston Supergroup metasedimentary gneisses, including psammopelitic to pelitic gneisses, graphitic pelitic gneisses adjacent to Archean granitic gneisses in the Eastern Wollaston Domain.

Yurchison Project Map:
https://www.skyharbourltd.com/_resources/images/SkyHarbour_Yurchison.jpg

The project area has seen significant historical exploration including airborne electromagnetic, magnetic, and radiometric surveys, as well as ground magnetic, EM, IP, and gravity surveys, prospecting, geological mapping, geochemical sampling, and drilling. The drilling was primarily conducted between the 1960’s and 1980’s with additional work completed in the mid-1990’s and 2000’s. The historical exploration on the eastern side of the property was largely focused on exploring SEDEX-style Pb-Zn mineralization following the discovery of the historic George Lake Pb-Zn Deposit adjacent to the property.

The majority of the work on the property was completed before 2000, with minimal follow-up since, and most of the property remains underexplored. There are several uranium, molybdenum, and thorium showings on the project, which remains highly prospective for both basement-hosted uranium, pegmatite-hosted U-Th-REE, and sediment-hosted Cu-Pb-Zn mineralization. The most recent work on the property included airborne EM (VTEM and VLF-EM), magnetics, and radiometrics surveys flown in 2022 and 2023.

Tarku Project:

The Tarku Project consists of three claims, totalling 8,262 ha, including one newly staked claim covering 2,384 ha, and is located adjacent to Skyharbour’s South Dufferin Project, which is currently under option to UraEx Resources. The property covers the southern extension of the Virgin River Shear Zone, which hosts high-grade uranium mineralization at Cameco’s Dufferin Lake zone, approximately 32 kilometres to the north, with drill results of 1.73% U3O8 over 6.5 metres, and the Centennial deposit, approximately 47 kilometres to the north, which includes historical drill intersections of 8.78% U3O8 over 33.9 metres.

Tarku Project Map:
https://www.skyharbourltd.com/_resources/images/SkyHarbour_Tarku.jpg

Historical exploration on the property includes airborne EM, magnetic, and radiometric surveys, lake water and sediment sampling, prospecting, ground-truthing of anomalies, geological mapping, and diamond drilling. The project offers strong potential for basement-hosted, unconformity-related uranium mineralization along the Virgin River Shear Zone trend.

South Dufferin:

The South Dufferin Project has been expanded through the staking of one additional mineral claim totaling 49 hectares, increasing the project’s total land package to 39,398 hectares across 25 claims. The South Dufferin project is located immediately south of the Athabasca Basin in northern Saskatchewan and covers the southern extension of the Virgin River Shear Zone, which hosts known high-grade uranium mineralization at Cameco’s Dufferin Lake zone approximately 13 kilometres to the north and Cameco’s Centennial deposit approximately 25 kilometres to the north. In October of 2024, Skyharbour entered into an option agreement with a private company, UraEx Resources Inc., whereby UraEx may acquire up to a 100% interest in the Company’s South Dufferin Uranium Project.

South Dufferin Property Map:
https://www.skyharbourltd.com/_resources/images/SkyHarbour_SouthDufferin.jpg

Historical exploration work on South Dufferin consists of airborne EM, magnetic, gravity and radiometric surveys, lake water and sediment sampling, prospecting and ground-truthing of airborne anomalies, geological mapping, and diamond drilling. Some of the historical drill holes intersected elevated uranium with locally anomalous base metal and boron concentrations as well as significant clay alteration.

Exploration potential exists for basement-hosted uranium mineralization associated with the Dufferin Lake fault and parallel faults within the Virgin Lake Shear zone. With numerous mineralized showings to the north of the project, exploration efforts at South Dufferin have advanced the project to a discovery-ready state. The project is drill-ready with several prospective targets warranting follow up work, and most recently underwent diamond drilling by Skyharbour’s partner UraEx in the summer of 2025.

*SMDI refers to the Saskatchewan Mineral Deposits Index and ‘AF’ refers to Saskatchewan Mineral Assessment File.

Qualified Person:

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Serdar Donmez, P.Geo., VP Exploration for Skyharbour as well as a Qualified Person.

About Skyharbour Resources Ltd.:

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in forty-three projects covering over 662,887 hectares (1,638,029 acres) of land. Skyharbour owns a 100% interest in the Moore Uranium Project, which is located 15 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization at the Maverick Zone highlighted by drill results of up to 6.0% U3O8 over 5.9 metres, including 20.8% U3O8 over 1.5 metres at a vertical depth of 265 metres. Adjacent to Moore, Skyharbour is advancing several uranium properties within the Russell Lake project area with its joint venture partner and large strategic shareholder Denison Mines. Collectively these projects host multiple zones of uranium mineralization across a highly prospective land package with significant exploration upside, and the Company is actively working these assets through exploration and drilling programs.

Skyharbour also has joint ventures with industry leader Orano Canada Inc., Azincourt Energy, and Thunderbird Resources at the Preston, East Preston, and Hook Lake Projects, respectively. The Company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; CSE-listed Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project. In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to potentially over $76 million in partner-funded exploration expenditures and over $42 million in cash and share payments coming into Skyharbour, assuming that these partner companies complete the earn-ins at their respective projects.

Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

Skyharbour’s Uranium Project Map in the Athabasca Basin:
https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2025-12-16.jpg

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com.

Skyharbour Resources Ltd.

‘Jordan Trimble’
                                                                               
Jordan Trimble
President and CEO

For further information contact myself or:
Nicholas Coltura
Corporate Communications Manager
Skyharbour Resources Ltd.
Telephone: 604-558-5847
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@skyharbourltd.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Forward-Looking Information

This news release contains ‘forward‐looking information or statements’ within the meaning of applicable securities laws, which may include, without limitation, completing ongoing and planned work on its projects including drilling and the expected timing of such work programs, other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. 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 may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of uranium, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses, and those filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, failure to obtain or maintain all necessary government permits, approvals and authorizations, failure to obtain or maintain community acceptance (including First Nations), decrease in the price of uranium and other metals, increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.
               

News Provided by GlobeNewswire via QuoteMedia

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(TheNewswire)

 

January 8th, 2026 TheNewswire – Muskoka, Ontario  Steadright Critical Minerals Inc. (CSE: SCM,OTC:SCMNF) (‘Steadright’ or the ‘Company’) is pleased to announce it has entered into a Mineral Claim Purchase Agreement (signed January 7th, 2025) with EMTF, the license holder of Exploration Permit No. 3843143, covering a historic copper–lead-silver project in Morocco. Following careful due diligence and ongoing field validation, Steadright’s Board of Directors has approved the Mineral Claim Purchase Agreement for 4,000,000 Common Shares of Steadright Critical Minerals to EMTF and 1,000,000 Common Shares to Critical Foundation Metals Inc. There is a 4 month hold period on the shares. This share issuance will not result in a change of control for Steadright.

 

Terms of Purchase

 

Steadright is buying into the asset through Critical Foundation Metals Inc. (CFM), an Ontario private company that found the property and has done their own work on it. Steadright is giving 4,000,000 Common shares for the purchase of 75% of the Exploration Permit No. 3843143 to EMTF, a Moroccan arms-length company.

 

Steadright thanks the management of CFM for their good work and due diligence on behalf of this Mineral License. Steadright and CFM have agreed to place the Exploration Permit into NSM Capital Sarl, which is a Moroccan Company, controlled and managed in Morocco. Steadright and CFM are shareholders in NSM Capital Sarl, with Steadright controlling 75% through an active shareholders agreement registered in Morocco.

  

Project overview and location advantages

 

The project lies within a miningfriendly jurisdiction, as Morocco continues to be ‘open for business’ for responsible mineral development. The licensed area benefits from existing roadway access that enables the costeffective mobilization of crews and equipment, significantly reducing the need for new road construction. This existing infrastructure, coupled with proximity to services and supportive local communities, provides a practical foundation for efficient exploration.

 

Geological Context

 

Exploration Permit No. 3843143 is underlain by dolomitic formations that have proven receptive to mineralizing fluids over time. These carbonate rocks host a series of veins carrying copper and lead, with silver values also reported.

 


Click Image To View Full Size

Figures 1 Area of Mapping, Sampling, 2.Structural diagram of the Mapped Area

 

The system shows characteristics of a carbonatehosted polymetallic deposit, with evidence of epithermal overprinting in the oxidized zones.

 

Copper mineralization is visible at surface in the form of azurite and malachite, striking blue and green copper carbonates that confirm enrichment through weathering. Lead mineralization is concentrated in Vein 1, where assays have returned exceptionally high grades, including values up to 46.34% Pb and 48 g/t Ag. Together, these results point to a system with a potential of delivering both highgrade shoots and larger tonnage envelopes.

 


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Figures 3a-c; Azurite, malachite mineralization and Figures 4a-c Gelna mineralization.

 

The structural framework of the dolomite — fractures, dilation zones, and crosscutting features — has acted as pathways for mineralizing solutions. Historical artisanal workings confirm that these structures host mineralized shoots, while modern exploration now has the tools to follow them deeper and across strike. This geological setting is consistent with carbonatehosted polymetallic systems seen elsewhere in Morocco, where copper, lead, and silver associations have supported successful mining operations. The success of AYA Gold & Silver’s Zgounder Mine demonstrates the region’s potential and highlights Morocco’s supportive environment for responsible mineral development. Steadright’s copper-lead-silver project is a potential continuation of these opportunities present, offering both geological promise and practical access to infrastructure.

 

The veins on the project area exhibit thicknesses ranging from approximately 0.50 to 4.00 m. According to their orientation, the strike of these vein structures ranges from NE–SW to NNE–SSW. During the most recent field visits, a set of copper and lead indications were identified within the carbonates and along the major regional fault of Tizi n’Test all hosted within the same marly to marlysandstone facies.  A number of these occurrences have been subject to exploitation (artisanal mining) of varying duration. See Figures 5 and 6. The steeply-dipping veins exhibit characteristics consistent with known copper-lead-silver veins throughout the mining district.

 


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Figures 5a-c: Artisanal Mining Figures 6a.d: Artisanal Mining with mapping of vein structures

    

Exploration targets (conceptual ranges)

 

The potential quantity and grade of the Exploration Target are conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

 

Based on the mapping, structural geology, artisanal mining in the area illustrating lateral continuity, the project identifies a potential range for the Exploration Target indicated below in Table 1 Exploration Target. The wide range of tons is based on the initial report interpreting a conservative low tonnage based on the limit of 50m down dip and strike length confined to visible surface exposure. The veins have not been constrained at depth or laterally, thereby indicating that the exploration potential can by expanded. The limits used in the ‘high tonnage’ scenario extends the strike and down dip by 500m in each direction, considered a reasonable approach in this environment.

  

Table 1. Conceptual Exploration Target.

 


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The Conceptual Exploration Target is based on mapped structure lengths from surface workings and recent site investigations by  STE MINIERE EMTF SARL AU, a Moroccan service company specializing in industrial infrastructure and mining development.  Documented vein widths up to 4m have been mapped with lateral extents limited by surface mapping up to 400m; down-dip for the low tonnage scenario are limited to 50m while it is reasonable to expect extensions to 500 meters potential vertical depth. Both the lateral extent and down dip are open at this time, but the exploration target is limited to 800m maximum length and ~500m down dip. Grade ranges utilize estimates based on assays and mapping; there are no known drill intersections on which to rely. The exploration target provides an upper and lower grade limit range based upon an average grade for the veins for copper and lead based on mapping and sampling.

 

Planned work program

 

Steadright will advance a phased exploration program intended to refine structural understanding, confirm grade continuity, and test depth potential:

 

•         Structural and geological mapping: Highresolution mapping to constrain vein

orientations, kinematics, and host lithologies; integration with

alteration/mineralization mapping.

 

•         Surface geochemistry: Systematic channel sampling and select rock

geochemical surveys to vector toward highergrade zones and support model

calibration.

 

•         Geophysical surveys: Ground geophysics (e.g., EM/resistivity and magnetic

methods as appropriate) to delineate conductive/structural corridors, refine vein

geometries, and identify blind targets.

 

•         Data synthesis: Iterative 3D targeting integrating structural domains, geophysics,

and geochemistry to inform drill hole placement and meterage.

Existing roads enable rapid mobilization and staging of drill rigs, reducing upfront

logistics and accelerating the timeline to first holes.

•         Diamond drilling: Targeted holes to test vein continuity at depth and along strike,

with stepouts designed from structural interpretations and preliminary

geochemical vectors.

 

Why this project, why now

 

•         Supportive jurisdiction: Morocco’s regulatory environment is increasingly

          supportive of responsible mineral development, enabling efficient permitting and

          community engagement.

•         Compelling geology: Dolomitehosted, structurally controlled veins with multiple

          mineralized corridors and indications of repeated mineralizing events.

•         Validation by history: Artisanal workings highlight zones of elevated grade and

          provide early targets for modern methods.

•         Scalable potential: Wide exploration target ranges reflect both highgrade

          selective scenarios and largerscale tonnage possibilities.

•         Practical access: Existing road infrastructure reduces capital intensity and

          accelerates field execution.

  

Next steps and timeline

 

•         Complete structural mapping and geochemical profiling across priority corridors

 •         Finalize detailed geophysical work program and mobilize contractors.

•         Initiate Phase I diamond drilling to test highpriority targets, with followup holes

          guided by results.

•         Report ongoing results with transparent ranges and qualifiers consistent with NI

          43101.

 

Matt Lewis, CEO of Steadright, states, ‘I am very proud of this acquisition and the spirit of cooperation and friendship with which we secured it, working with our Canadian and Moroccan team and friends. We are all big believers in copper as a metal and really look forward to this property’s proper exploration.

 

As previously announced on September 16, 2025, etc. the CEO of Steadright holds an approximate 7.45% indirect interest in CFM through a 33% ownership in a private entity that owns approximately 22% of the common shares of CFM.  In addition, a consultant of the Company is the spouse of a former Director of Steadright. This person is the controlling shareholder of CFM and owns a majority of the common shares in CFM.

  

Cautionary note regarding exploration targets and forwardlooking statements

The exploration targets disclosed herein are conceptual and intended to illustrate potential scale and grade variability. They are not mineral resources or mineral reserves and there is no certainty that further exploration will result in the delineation of mineral resources. This news release contains forwardlooking statements relating to planned exploration activities, timelines, and potential outcomes. Forwardlooking statements are subject to risks and uncertainties that may cause actual results to differ materially. The Company undertakes no obligation to update forwardlooking statements except as required by applicable securities laws.

 

Qualified Person

The scientific and technical information in this news release has been reviewed and approved by Mr. Robert Palkovits, P.Geo., Vice President Exploration for Steadright Critical Minerals Inc., who is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The Qualified Person has reviewed the available data and considers the information to be reasonable for the purposes of this disclosure; however, certain historical data referenced herein could not be fully verified and are treated as historical in nature.

 

ABOUT Steadright Critical Minerals INC.

Steadright Critical Minerals Inc. is a mineral exploration company established in 2019. Steadright has been focused in 2025 on finding exploration projects that can be brought into production within the critical mineral space in the Kingdom of Morocco. Steadright currently has mineral exploration claims known as the RAM project near Port Cartier, Quebec within the Côte-Nord Region, which is accessible by route 138, that is located on an Anorthositic complex that is in a highly prospective geological unit and historically been under explored for Ni, Cu, Co and precious metals.

ON BEHALF OF THE BOARD OF DIRECTORS

 

For further information, please contact:

Matt Lewis

CEO & Director

Steadright Critical Minerals Inc.

 

Email: enquires@steadright.ca

Tel: 1-905-410-0587

www.steadright.ca

 

Neither the Canadian Securities Exchange (the ‘CSE’) 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 information is subject to known and unknown risks, ‎uncertainties and other factors which may cause the actual results, level of activity, performance or ‎achievements of Steadright to be materially different from those expressed or implied by such forward-‎looking information. Such risks and other factors may include, but are not limited to: there is no ‎certainty that the ongoing programs will result in significant or successful ‎exploration and ‎development of Steadright’s properties; uncertainty as to ‎the actual results of exploration and ‎development or operational activities; uncertainty as to the availability and terms of ‎future financing on ‎acceptable terms; uncertainty as to timely availability of permits and other governmental approvals; ‎general business, economic, competitive, political and social uncertainties; capital market conditions ‎and market prices for securities, junior market securities and mining exploration company securities; ‎commodity prices; the actual results of current exploration and development or operational activities; ‎competition; changes in project parameters as plans continue to be refined; accidents and other risks ‎inherent in the mining industry; lack of insurance; delay or failure to receive board or regulatory ‎approvals; changes in legislation, including environmental legislation or income tax legislation, affecting ‎Steadright; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key ‎individuals.

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, unless an ‎exemption from such registration is available.‎

       

Copyright (c) 2026 TheNewswire – All rights reserved.

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Nickel prices stabilized on Thursday (January 8) after a turbulent week that saw the market swing sharply higher before retreating as traders reassessed the balance between existing supply risks and a growing overhang of inventory.

Three-month nickel on the London Metal Exchange (LME) hovered near US$17,900 per metric ton, recovering from a mid-week slump but still up roughly 7 percent on the week and close to a 19-month high.

The pause followed a dramatic surge Wednesday (January 7), when prices jumped more than 10 percent in their biggest one-day gain in over three years, driven by heavy Chinese buying and renewed concern over production curbs in Indonesia, the world’s dominant supplier.

The rally reversed two years of pressure on nickel, which had been weighed down by Indonesia’s rapid expansion of mining and processing.

That flood of material weighed on prices and dented enthusiasm for nickel’s role in electric vehicle batteries, where demand growth has been slower than initially anticipated.

This week’s shift, however, further highlighted how sensitive the market remains to policy signals from Jakarta and shifts in speculative positioning.

Indonesia’s policy signals jolt the market

At the center of the latest volatility are expectations that Indonesia may tighten mining quotas under its annual RKAB approval process.

Mining Minister Bahlil Lahadalia said that the government would reduce output quotas to support commodity prices and boost state revenues. Indonesia produced about 70 percent of the world’s nickel last year, giving policymakers outsized influence over prices.

Those concerns were reinforced when Vale (NYSE:VALE) subsidiary PT Vale Indonesia temporarily halted mining at its Pomalaa and Bahodopi operations after failing to secure approval for its 2026 production plan.

The company said output during the stoppage would run at roughly 30 percent of normal capacity, though it added that the delay “will not disrupt overall operational sustainability” and that approvals were expected “in the near future.” Operations at Vale’s flagship Sorowako mine continue.

Deputy Mining Minister Yuliot Tanjung confirmed that the approvals were “currently being consolidated” but declined to specify the final quota levels.

The uncertainty amplified short-covering in the nickel market, helping push prices toward US$18,800 per metric ton earlier this week before momentum cooled.

Meanwhile, inventory levels remain a critical counterweight. Stocks registered with the LME have surged more than 300 percent since early 2025 to around 275,600 metric ton, with a further 112,000 metric ton sitting off-warrant and potentially available to the market.

That buffer has limited the durability of rallies, even as prices respond sharply to headline risk.

Regulatory scrutiny adds pressure on supply

Regulatory scrutiny beyond Indonesia is also shaping the market’s longer-term outlook.

In Europe, the European Commission has launched a Phase II investigation into the proposed US$500 million sale of Anglo American’s (LSE:AAL,OTC:NGLOY) nickel business to China-backed MMG (OTCPK:MMLTF), citing concerns over supply security for the bloc’s stainless steel industry.

EU competition chief Teresa Ribera said regulators will examine whether the transaction “could jeopardise continued and reliable access in Europe” to ferronickel supply.

MMG said it would continue to work with regulators and expressed confidence that it could address the commission’s concerns, while Anglo American said it believes European customers would support its continued role as a marketer of ferronickel if the deal proceeds.

The Commission has set March 20, 2026 as the deadline for a final decision.

Capital flows target nickel assets

Alongside volatile spot-market trading, longer-term capital is continuing to target nickel and other critical minerals through dedicated investment vehicles.

Appian Capital Advisory and the International Finance Corporation, a member of the World Bank Group, have launched a new US$1 billion partnership focused on developing critical minerals, metals, and mining projects in emerging markets.

The partnership’s first investment is in Atlantic Nickel’s producing Santa Rita nickel-copper-cobalt project in Brazil. The investment is a co-investment alongside Appian to advance the mine’s transition to underground operations.

Santa Rita, located in Bahia state, is expected to ramp up production to approximately 30,000 metric tons per year of nickel equivalent and has a projected mine life exceeding 30 years. The asset is owned by Atlantic Nickel, a wholly owned affiliate of Appian.

For now, nickel’s steadier tone suggests the market is recalibrating after an explosive move. With prices still well above late‑2025 levels but inventories rising and policy signals remaining fluid, the next leg of the market is likely to hinge on enforcement rather than demand.

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

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Nextech3D.ai Launches AGORACOM Cashless AI Marketing Program

Correction: The number of warrants and common shares underlying the convertible notes was incorrectly reported as 2,299,412 common shares at a warrant exercise price/conversion price of $0.14/share. The corrected warrant exercise price/conversion price is $0.165/share and the corrected number of warrants and common shares underlying the convertible notes is 1,951,012

Correction: Nextech3D.ai Provides Shareholder Update on Krafty Labs Acquisition $321,917 CEO Investment

TORONTO, ON / ACCESS Newswire / January 8, 2026 / Nextech3D.ai (CSE:NTAR,OTC:NEXCF)(OTCQB:NEXCF)(FSE:1SS), an AI-first event technology and digital engagement company, is correcting the number of warrants and common shares underlying the convertible notes issued in connection with its recent acquisition of Krafty Labs from 2,299,412, to 1,951,012, issuable based upon a warrant exercise price and conversion price of $0.165 per share respectively. All securities issued pursuant to the transaction are subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws, expiring on May 6, 2026.

In connection with the Company’s continued execution and growth strategy, Evan Gappelberg, Chief Executive Officer of Nextech3D.ai, invested $321,917 directly into the Company through an 18-month convertible note bearing 12% annual interest.

Key terms of the CEO investment include:

  • Term: 18 months

  • Conversion Option: At the CEO’s sole discretion, the note may be converted into 1,951,012 common shares at a fixed conversion price of $0.165 per share (correction)

  • Warrants Issued: As compensation, the CEO received 1,951,012 common share purchase warrants

  • Warrant Terms:

    • Exercise Price: $0.165 per share

    • Term: 3 years

Mr. Gappelberg will continue to be the Company’s largest shareholder, currently owning 32,757,017 common shares, further reinforcing strong alignment between management and shareholders.

The transaction constitutes a related party transaction under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 on the basis that the transaction does not exceed 25% of the Company’s market capitalization. The transaction is subject to approval of the Canadian Securities Exchange (CSE).

Management believes this insider investment reflects confidence in Nextech3D.ai’s strategy, execution, and long-term growth prospects.

Strengthening an AI-First Event Platform

The combination of Krafty Labs’ enterprise-grade engagement capabilities with Nextech3D.ai’s existing event technology stack is expected to drive increased average contract values, deeper customer relationships, and enhanced monetization opportunities across in-person, virtual, and hybrid events.

Agoracom:

The also company announces the launch of a 12-month online marketing campaign with AGORACOM that will feature industry leading AI generated content to reach investors of all demographics around the world. In addition, Nextech3D.ai will launch a Verified Forum on AGORACOM that will provide moderated, civilized engagement between management and shareholders. The Company will pay $0 in cash for the program, utilizing AGORACOM’s cashless, fully compliant shares-for-services program.

AGORACOM, a pioneer in online investor relations for over 25 years, has launched its AI Content Showcase to help companies like Nextech3D.ai tell their stories faster and more emotionally through cinematic AI videos, avatars, and multilingual content. Nextech3D.ai gains exposure across AGORACOM’s network of 9 million investors, 900+ million page views, and industry-leading engagement, supported by verified forums that ensure transparent communication and protection against misinformation.

SHARES FOR SERVICES

FEES: $CDN 125,000 + HST
$25,000 worth of shares (+HST) will be issued in 5 instalments:

  • Commencement

  • $25,000 + HST shares for services at the end of the third month: March 8, 2026

  • $25,000 + HST shares for services at the end of the sixth month: June 8, 2026

  • $25,000 + HST shares for services at the end of the ninth month: September 8, 2026

  • $25,000 + HST shares for services at the end of the term: January 31, 2027

The deemed price of the securities to be issued will be determined after the date services are provided to the advertiser in each period, calculated using the closing price on the Canadian Securities Exchange on each of the dates as stated above.

About Nextech3D.ai

Nextech3D.ai is an AI-powered technology company specializing in 3D asset generation, spatial computing, and comprehensive AI Event Solutions for virtual, hybrid, and in-person experiences. Through Map Dynamics, Eventdex, and Krafty Labs, Nextech3D.ai delivers a unified global platform for Google, Microsoft, Netflix, Oracle, Yelp, ZoomInfo, Spotify, Meta conferences, expos, corporate activations, learning programs, and enterprise engagement.

Website: www.Nextech3D.ai
Investor Relations: investors@nextechar.com

For further information, please visit: www.Nextech3D.ai.

Investor Relations: investors@nextechar.com

For more information, visit Nextech3D.ai.

Sign up for Investor News and Info – Click Here

Evan Gappelberg /CEO and Director
866-ARITIZE (274-8493)

Forward-Looking Statements
This news release contains ‘forward-looking statements’ within the meaning of applicable securities laws, including statements regarding the proposed acquisition of Krafty Labs, the anticipated timing and consideration, expected benefits and synergies, product integrations, and growth opportunities. Forward-looking statements are based on assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. There can be no assurance that the proposed transaction will be completed as anticipated or at all. Nextech3D.ai disclaims any obligation to update forward-looking statements except as required by law.

Forward-looking Statements
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Certain information contained herein may constitute ‘forward-looking information’ under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, ‘will be’ or variations of such words and phrases or statements that certain actions, events or results ‘will’ occur. Forward-looking statements regarding the completion of the transaction are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as 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. Nextech will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws

SOURCE: Nextech3D.ai Corp

View the original press release on ACCESS Newswire

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TSXV: DMCU; OTCQB: DMCUF; FSE: 03E) provides an exploration update. The company has received analytical results for 310 surface samples from the summerFall field campaign at the Smart Creek Project (‘Project’) in Montana. The program was designed to characterize known mineralized zones, refine drill target locations and identify new areas for follow-up exploration. The program has successfully identified high-grade gold, copper, and silver at the Smart Creek Project and has expanded all known targets and identified new high-grade copper, gold and copper mineralization across the property (Figures 1-4).

Gord Neal, CEO of Domestic Metals Corp. commented: ‘The 2025 field campaign was a success. These are the highest-grade field samples results I have ever been presented with in my career. In my experience these kinds of returns are harbingers of major economic discoveries. High grade mineralization has been identified in several locations, including new discovery areas. We look forward to firming up drill targets, deploying a targeted geophysics program followed by a diamond drill program in Q1, 2026’

Highlight High-Grade Assay Results

  • 102 g/t Au (Sample G019007)
  • 74.7 g/t Au, 13.8% Cu, 3810 g/t Ag (Sample G019235)
  • 30.4 g/t Au (Sample G019001)
  • 26.6 g/t Au (Sample G019353)
  • 23.1% Cu, 424 g/t Ag (Sample G019225)
  • 19.65% Cu, 458 g/t Ag (Sample G019031)
  • 19.05% Cu, 582 g/t Ag (Sample G019038)

Highlight, high-grade surface samples are provided in the table below:

Sample Easting Northing Sample Sample Copper Gold Silver
ID (m) (m) Lithology Type (%) (g/t) (g/t)
G019001 321345 5150400 Quartzite Outcrop 0.549 30.4 12
G019007 321365 5150392 Limestone Outcrop 0.377 102 20.7
G019029 326795 5148835 Siltstone Outcrop 6.75 0.313 173
G019031 326790 5148864 Siltstone Outcrop 19.65 0.877 458
G019038 326847 5148970 Siltstone Subcrop 19.05 0.763 582
G019082 321640 5151163 Marble Mine Dump 1.835 15.7 6.5
G019093 320056 5149968 Quartz Vein Prospect Pit 0.875 0.226 186
G019094 320870 5147635 Sandstone Mine Dump 0.073 1.5 222
G019151 321361 5150388 Dolostone Outcrop 0.787 15.05 15
G019219 326817 5148809 Limestone Subcrop 2.72 0.167 148
G019225 326843 5148971 Siltstone Outcrop 23.1 0.814 424
G019235 321541 5148233 Limestone Mine Dump 13.8 74.7 3810
G019238 321545 5148248 Limestone Mine Dump 2.19 9.45 359
G019298 325631 5148102 Limestone Mine Dump 4.00 0.259 161
G019353 321592 5150732 Breccia Trench/Float 2.63 26.6 55.2
G019378 320281 5149152 Breccia Mine Dump 0.329 0.487 157
G019379 326830 5149873 Siltstone Mine Dump 8.42 0.137 187
G019422 325394 5148187 Siltstone Mine Dump 7.88 0.301 134
G019427 325610 5148683 Siltstone Float 12.35 0.747 266
G019447 323588 5150514 quartz vein Test Pit 0.177 0.426 105
G019465 326802 5149930 Siltstone Mine Dump 16.1 0.007 9.5

Table 1. Highlight rock sample assay results for the 2025 exploration program

Summary

  • Domestic completed successful mapping, sampling and prospecting at the Smart Creek Project. The new data will be coupled with a geophysical (MT/IP) program in advance of drilling scheduled for Q1/2026.
  • Rock sample assays from outcrops, historic trenching, mines and workings demonstrate high-grade gold, copper, silver and zinc and confirms the project is prospective for porphyry copper deposits, carbonate replacement deposits (‘CRD’), skarn and exotic copper deposits.
  • 39 samples (out of 310) exceed 0.5 g/t Au, 43 samples (out of 310) exceed 1 % Cu, 35 samples (out of 310) exceed 30 g/t Ag, 31 samples (out of 310) exceed 0.1% Zn.
  • All targets (Sunrise Mine, Smart Creek, Radio Tower, Exotic Cu) are significantly expanded based on the results of the 2025 exploration program at the Project.

Figure 1. Project location, key targets, favourable geology, airborne magnetics, IP targets and highlight, selected high-grade rock samples from the 2025 surface sampling program at the Smart Creek Project

Domestic Metals 2025 Exploration Program Review

Domestic Metals completed a 40-day field campaign in August-September 2025 focused on geological mapping as well as several novel rock sampling techniques including: prospecting grab/composite grab samples and limestone sampling for trace metal vectoring. Sample subsets were also evaluated for alteration (slab and stain for potassic alteration related to porphyry mineralization), UV light evaluation (seeking metal contaminated calcite veins that can assist with vectoring toward CRD and porphyry mineralization), short-wave infrared evaluation (clay alteration vectoring) and portable XRF evaluation of iron oxide fracture fill (geochemical leakage vectoring technique to identify mineralization). Data from techniques other than the prospecting samples is currently being reviewed by Domestic Metals and will be the subject of future news release.

Figure 2. Property location, drill hole collars, favourable host rocks, IP targets, magnetic features and Surface rock sampling results (grab and composite grab samples) from the 2025 surface rock sampling program at the Smart Creek Project including copper geochemistry3

Figure 3. Property location, favourable host rocks, IP targets, magnetic features and Surface rock sampling results (grab and composite grab samples) from the 2025 surface rock sampling program at the Smart Creek Project including gold geochemistry3

Figure 4. Property location, favourable host rocks, IP targets, magnetic features and Surface rock sampling results (grab and composite grab samples) from the 2025 surface rock sampling program at the Project including silver geochemistry3

Smart Creek Porphyry Copper Project

The Smart Creek Copper Porphyry Project is a joint venture with Rio Tinto, where Rio will retain 40% of the asset. Rio drilled around 26 of the 40 permitted sites over 2.5 years as they vector toward the centre of the porphyry and at the Smart Creek Target returned 109.73 meter @ 0.75% Cu, which included 89 metres of 0.97% Copper (SMCR0022; see NR dated August 20, 2024)3

Exceptional rock sample results have been received from the 2025 field work, which highlights several opportunities including porphyry, skarn, CRD and structurally-controlled gold.

Of particular interest, the Smart Creek project area is underlain by geology that is highly prospective for CRD style deposits:

  1. The Helena Fm silty limestones are superb reactive trap rocks.
  2. Heat and fluid sources are abundant in this prolific western Montana porphyry belt.
  3. The CRD signature alteration footprints are widespread at Smart creek (marble and manganese oxides).
  4. Massive to semi-massive sulfides with excellent metal tenor have been sampled and mapped on the property.

Major deposits in the carbonate-hosted clan can yield high unit-value deposits with an excellent pedigree in the western unit states. Examples include the Copper Queen CRD deposit in the Bisbee Arizona District which yielded historic production of 53 Mt @ 6% Cu1,2. The Domestic Metals technical team has extensive experience with this style of mineralization and will systematically explore for the CRD deposit style at the Project using modern toolkits.

The geochemical data is enhancing known target areas and is allowing Domestic Metals to identify targets for follow up diamond drilling scheduled for late Q1, 2026. New target areas have also been identified for target work-up.

Technical Information

All scientific and technical information in this news release has been reviewed and approved by Daniel MacNeil, P.Geo. Mr. MacNeil is a Technical Advisor to the Company and is a qualified person for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Mr. MacNeil has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Mr. MacNeil verified the data disclosed (including previously released Domestic data underlying the information disclosed) in this news release by reviewing imported and sorted assay data; checking the performance of blank samples and certified reference materials; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Mr. MacNeil detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the drilling data referred to in this news release.

Samples were coarse crushed, fine crushed to 70% <2mm, split using a Boyd rotary splitter, pulverized up to 250g 85% <75micrometers. Analysis was conducted following 4-acid digestion (34 elements ICP-AES; ME-ICP61). Gold was analysed by 30g fire assay – AA finish (Au-AA23). Overlimits were evaluated by Au-GRA21, Ag-OG62, Cu-OG62, Zn-OG62 and Ag-GRA21. The company used ALS Labs in Reno, Nevada.

Samples with certified reference materials were inserted at intervals for ~5% of the submitted samples (15 standards total). QAQC results are satisfactory for the standards.

Disclosure Notes

1 Briggs, D.F., 2015, History of the Warren (Bisbee) Mining District. Arizona Geological Survey Contributed Report CR-15-b, 8 p.
2 Past producing deposits and development projects shown outside of the Smart Creek land position provide geologic context for the Property, but this is not necessarily indicative that the Property hosts similar grades or tonnages of mineralization.
3 Data disclosed in this news release includes historical drilling results and information derived from historic drill results, Domestic Metals has not undertaken any independent investigation of the sampling, nor has it independently analyzed the results of the historical exploration work to verify the results. Domestic considers these historical data relevant as the Company is using this data as a guide to plan exploration programs. The Company’s current and future exploration work includes verification of the historical data through drilling.

About Domestic Metals Corp.

Domestic Metals Corp. is a mineral exploration company focused on the discovery of large-scale, copper and gold deposits in exceptional, historical mining project areas in the Americas.

The Company aims to discover new economic mineral deposits in historical mining districts that have seen exploration in geologically attractive mining jurisdictions, where economically favorable grades have been indicated by historic drilling and outcrop sampling.

The Smart Creek Project is strategically located in the mining-friendly state of Montana, containing widespread copper mineralization at surface and hosts 4 attractive porphyry copper, epithermal gold, replacement and exotic copper exploration targets with excellent host rocks for mineral deposition.

Domestic Metals Corp. is led by an experienced management team and an accomplished technical team, with successful track records in mine discovery, mining development and financing.

On behalf of Domestic Metals Corp.

Gord Neal, CEO and Director
(604) 657 7813

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For more information on Domestic Metals, please contact:
Gord Neal, Phone: 604 657-7813 or Michael Pound, Phone: 604 363-2885

Please visit the Company website at www.domesticmetals.com or contact us at info@domesticmetals.com.

For all investor relations inquiries, please contact:
John Liviakis, Liviakis Financial Communications Inc., Phone: 415-389-4670

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 statements that may be deemed ‘forward-looking statements’. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Forward-looking statements may include, without limitation, statements relating to the Company’s continued stock exchange listings and the planned exploration activities on properties. 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, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to: competition within the industry; actual results of current exploration activities; environmental risks; changes in project parameters as plans continue to be refined; future price of commodities; failure of equipment or processes to operate as anticipated; accidents, and other risks of the mining industry; delays in obtaining approvals or financing; risks related to indebtedness and the service of such indebtedness; as well as those factors, risks and uncertainties identified and reported in the Company’s public filings under the Company’s SEDAR+ profile at www.sedarplus.ca. Although the Company has attempted to identify important factors that could 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. Accordingly, readers should not place undue reliance on forward-looking statements. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are made as of the date hereof and, accordingly, are subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/a41d6bcd-69fe-4f0b-85af-76aaa957307a

https://www.globenewswire.com/NewsRoom/AttachmentNg/1c35f7df-07e5-4ae2-82ae-67c722ab5dda

https://www.globenewswire.com/NewsRoom/AttachmentNg/9bed90eb-3138-42ab-aada-5b9ae17c08f7

https://www.globenewswire.com/NewsRoom/AttachmentNg/347ace2f-f035-47dc-9be9-865cf8d9fd06

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