Muzhu Mining Mobilizes for Collection of Metallurgical Samples on the Everett Property, Quebec

Executive Summary

• Muzhu Mining signed a definitive option agreement to acquire the Everett property from Romaine River Titanium and commenced metallurgical sampling for due‑diligence.
• A $462,000 Elements08 program (up to $323,000 non‑dilutive) is funding sample collection and testing of the titanium‑vanadium oxide body.
• Approximately 1,200 kg of semi‑massive ilmenite rock are being collected for advanced grinding, magnetic and gravity separation trials led by Corem.

Key Details

• Acquisition Agreement: Definitive option agreement executed to acquire the Everett property (Quebec).
• Sampling Mobilization: Romaine’s field crew mobilized to Havre‑Saint‑Pierre; accessed historic bulk sampling site “Site 5” and began collection of additional semi‑massive ilmenite rocks.
• Sample Quantity: Target of ~1,200 kg of metallurgical sample for testing under the Elements08 program.
• Program Funding: Total budget $462,000; includes a non‑dilutive award up to $323,000 from the Government of Quebec’s Elements08 Strategic Metals Excellence Centre.
• Testing Objectives: Verify historical metallurgy, characterize mineral morphology and liberation (MLA), assay Ti, V, Fe concentrations, evaluate grinding, magnetic and gravity separation methods, and assess vanadium leachability of ilmenite concentrates.
• Collaborators: Centre technologique des résidus industriels (CTRI), Impact Global Solutions (IGS), Corem (lead processing partner).
• CEO Comment: Dwayne Yaretz highlighted the financial benefit of the Elements08 collaboration and the value of its metallurgical expertise for building a robust critical minerals supply chain.
• Qualified Person: Julien Davy, P.Geo., reviewed and approved all technical information per NI 43‑101.

Notable Quotes

“The financial benefit of the Romaine collaboration agreement with Elements08 is certainly valuable to the Everett Project. However, the Company considers the depth of metallurgical process research expertise provided by the Elements08 team to be invaluable.” – Dwayne Yaretz, CEO, Muzhu Mining Ltd.