Nuclear Vision Provides Operational Update and Grants Security Based Compensation

Executive Summary

• Nuclear Vision commenced field operations at its 100%‑owned UA92 Uranium Project in Botswana, including high‑resolution drone‑borne radiometric surveying and the start of an Environmental Impact Assessment (EIA) to support upcoming drilling.
• The company engaged Loci Environmental to prepare the EIA, targeting regulatory approval by September 2026 to enable the next phase of exploration.
• Concurrently, Nuclear Vision granted 4.55 million stock options and 2.0 million restricted share units (RSUs) to directors, officers and consultants, and issued 114,286 common shares at $0.35 each to Canaccord Genuity for prior advisory services.

Key Details

• Field Operations:
• Contractor Endeavour Scientific mobilized technical teams on‑site across all prospecting licences.
• Initiated systematic high‑resolution drone‑borne radiometric surveys to map surface and near‑surface uranium anomalies.

• Initial survey results for one licence expected in April 2026; remaining data to follow after processing and QC.

• Environmental Impact Assessment (EIA):

• Loci Environmental appointed to manage baseline studies, stakeholder consultations, impact assessments, and regulatory documentation per Botswana regulations.

• Field studies and data collection scheduled with local authorities; EIA completion targeted for September 2026.

• Equity Incentive Grants:

• 4,550,000 stock options granted (exercise price $0.35, vesting immediate, expiry two years).
• 2,000,000 RSUs granted (no exercise price, vesting immediate).

• 2,400,000 of the options constitute a related‑party transaction under MI 61‑101; company relies on exemption from formal valuation and minority shareholder approval.

• Share Issuance to Advisor:

• Agreement to issue 114,286 common shares at $0.35 per share to Canaccord Genuity Corp. for financial advisory services rendered under a Jan 20 2025 agreement.

• All securities subject to a statutory four‑month and one‑day hold period.

• Qualified Person:

• Lorne Warner, P.Geo., director of Nuclear Vision, reviewed and approved the technical information (NI 43‑101).

Notable Quotes

• “The commencement of systematic radiometric surveying and the initiation of our EIA represent critical milestones that move us closer to drilling and ultimately unlocking the uranium potential at UA92,” – Derrick Dao, Chief Executive Officer.