New LiDAR Survey Completion Accelerates Planning and Engineering Work at La Blache and Lac Brule

Executive Summary

• Completed ~46 km² high‑resolution airborne LiDAR survey at the La Blache and Lac Brule projects, delivering engineering‑grade topographic data for future engineering, feasibility, and permitting work.
• The new LiDAR dataset will be integrated with recent HQ diamond drilling and historic drill holes to refine geological models, target selection, infrastructure planning, and environmental baseline studies.
• Re‑assay of 181 historic holes (36,614 m) for gallium and other REEs begins Jan 2026 with results expected Mar 2026; core testing for the company’s Regenerative Chloride Leach (RCL) technology to start Jan 2026 with initial results anticipated Feb–Mar 2026.

Key Details

• LiDAR Survey Scope: ~46.05 km² covering both La Blache and Lac Brule properties in Québec, Canada; provides sub‑decimetre digital elevation models (DEMs) beneath dense forest cover.
• Integration with Drilling Data: Combines LiDAR data with recent HQ diamond drilling results and historic drill campaigns to improve geological, structural, and resource modelling.
• Engineering & Planning Benefits: Enhanced geological/structural modelling, refined infrastructure layouts, identification of hydrological features, prioritisation of exploration targets, and support for environmental permitting baseline work.
• Historic Hole Re‑assay Program: 181 historic holes (totaling 36,614 m) will be re‑evaluated for gallium and other rare earth elements; assay program starts Jan 2026, results expected Mar 2026. Preliminary data suggest potential for gallium and scandium but no reportable results yet.
• RCL Technology Development: Over 40,000 m of current and historic drill core will be used to advance the Regenerative Chloride Leach (RCL) process; testing slated for Jan 2026 with first results due Feb–Mar 2026.
• Third‑Party Testing Discussions: Ongoing talks with external companies to bench‑test deposits for gold, silver, nickel, REE, and other critical minerals using RCL technology; market updates anticipated throughout 2026.
• Future Licensing & JV Plans: Company intends to license and joint‑venture the RCL technology internationally once validation is achieved.

Notable Quotes

• Tim Fernback, CEO: “The completion of this high‑resolution LiDAR survey provides us with an exceptionally detailed view of the terrain… materially strengthens our technical foundation for future work, including drill targeting, engineering planning and environmental baseline studies.”
• David Caldwell, COO: “LiDAR at La Blache gives us a much sharper and more accurate bare‑earth surface… this dataset will become the master topographic control for all feasibility‑level work on this world‑class vanadium‑titanomagnetite resource.”