ETRUSCUS ADVANCES HENDRIX REE TARGET AT PHENO PROPERTY

Executive Summary

• Etruscus reported surface rock sampling results from its 2025 program at the Hendrix REE target on the Pheno Property, delivering the three highest‑grade REE samples to date.
• A 4 m × 70 m dike returned an average of 0.39 % TREO from six grab samples, and multiple dikes showed 2,000–5,000 ppm TREO with strong heavy‑REE (Nd, Dy) enrichment.
• The company plans to return in 2026 to expand sampling, refine targeting, and evaluate airborne radiometric surveys, highlighting the strategic importance of North American REE supply.

Key Details

• Sampling effort: 83 rock samples collected across a ~5 km wide peralkaline volcanic complex.
• Top grades: The three highest‑grade REE rock samples to date were identified (specific concentrations not disclosed).
• Dike results: A 4 m wide by 70 m long dike returned an average of 0.39 % Total Rare Earth Oxides (TREO) from six grab samples.
• REE enrichment: Assays show significant neodymium and dysprosium enrichment; heavy REE to light REE ratio is 0.30, well above average.
• Grade range in dikes: Individual dike samples returned 2,000–5,000 ppm TREO (≈0.20‑0.50 % TREO).
• Geochemical insights: Positive correlation between Zr and TREO; zirconium‑bearing phases (allanite, monazite, apatite) may host REEs. Fractionation indices (Rb/Sr, Zr/TiO₂) also increase with TREO.
• Analogous deposit: Closest analogue identified as the Round Top deposit (USA Rare Earths, NASDAQ: USAR).
• Technology used: Handheld Geiger counter for real‑time gamma detection was deployed in 2025 to locate REE‑rich dikes; airborne radiometric surveys are under evaluation.
• Next steps (2026): Expand sampling across larger target area, apply new handheld technology more broadly, and potentially conduct airborne surveys to pinpoint higher‑grade zones.
• Strategic context: Highlights growing North American demand for critical minerals amid geopolitical pressures and Chinese export restrictions.

Notable Quotes

“The identification of multiple REE‑bearing dikes at Pheno represents an important step forward in advancing this very large target… With global demand for REEs continuing to increase and supply chains facing heightened geopolitical pressure, we believe exploration‑stage REE opportunities in stable jurisdictions are becoming increasingly scarce and important.” – Fiore Aliperti, President & CEO, Etruscus Resources Corp.