North Atlantic Titanium Mobilizes Everett Field Program to Advance Titanium, Vanadium and Phosphate Targets Following Corem Mineralogical Study

Executive Summary of Recent Developments

• North Atlantic Titanium has commenced a field program at the Everett Titanium Project in Quebec following successful mineralogical characterization by Corem.
• The most recent release (May 6, 2026) confirms mobilization to advance titanium, vanadium, and phosphate targets based on prior technical results.
• Mineralogical analysis confirmed low-impurity hemo-ilmenite (Ti-V-Fe) and significant apatite containing 40% $P_2O_5$.
• The field program focuses on a tight grid of assay samples and metallurgical test work to support future definition drilling and a Mineral Resource Estimate.

Evaluation of Most Recent News

• The May 6 news is an operational execution step following the positive mineralogical results announced on April 29, 2026.
• It validates the company's ability to move from study to field work as promised in the January financing plan.
• Materiality: Routine - Positive. The market likely anticipated this progression after the April 29 definitive results and March collaboration announcement. No new financial terms or resource estimates are disclosed that would fundamentally alter valuation models immediately.
• Expectations vs. Reality: In line with previous expectations set by the January financing and April metallurgical study. It confirms management is executing on the roadmap without delays.

Corporate Profile

• Company Name: North Atlantic Titanium Corp.
• Primary Focus: Development of the Everett Titanium Project in Quebec.
• Commodities: Titanium (Ilmenite), Vanadium, Phosphate (Apatite).
• Trading Status: US OTC market under symbol "NATQF" (effective April 16, 2026); previously traded on Canadian exchanges.