Mongoose Mining Announces Strategic Refocus of Exploration Activities to Natural (Geologic) Hydrogen

Executive Summary

• Mongoose Mining’s Board approved a strategic refocus from IOCG mineral exploration to evaluating natural (geologic) hydrogen within its existing Nova Scotia land package.
• The company will leverage historic IOCG datasets and geological work to design a staged, cost‑efficient natural hydrogen confirmation program.
• No subsurface hydrogen has yet been confirmed; the initiative is speculative and future results will be disclosed in accordance with securities laws.

Key Details

• Refocus Scope: Shift primary exploration emphasis from iron‑oxide‑copper‑gold (IOCG) systems to potential natural hydrogen resources on current Nova Scotia properties.
• Rationale – Asset Fundamentals:
• Existing iron‑rich, redox‑active lithologies and fault/fracture systems are considered favorable for hydrogen generation, migration, and trapping.
• Historical mapping, geophysics, geochemistry, and drilling provide a technical head start relative to early‑stage hydrogen projects.
• Rationale – Market Context: Emerging global interest in natural hydrogen and supportive Canadian/Nova Scotia hydrogen strategies enhance regulatory familiarity and infrastructure planning.
• Near‑Term Activities:
• Refine targets using existing geological, geophysical, and structural data.
• Design a staged natural hydrogen confirmation program focused on cost‑efficient testing.
• Engage technical specialists and independent advisors for evaluation and disclosure support.
• Retention of Existing Assets: The company will keep its mineral tenure and IOCG datasets, preserving optionality for future mineral or hydrogen exploration.
• Disclosure Commitment: All technical disclosures related to the new focus will be prepared under applicable regulatory standards with professional oversight.
• Risk Disclaimer: Natural hydrogen exploration is inherently speculative; no hydrogen accumulations have been confirmed on the properties to date.

Notable Quotes

• “Management believes that this historical work provides the Company with a meaningful technical head start relative to early‑stage natural hydrogen projects that lack comparable subsurface datasets.” – Management, Mongoose Mining Ltd.