Perseverance Metals Increases Its Land Holdings on the Voyageur Ni-Cu-PGE Project, Michigan by an Additional 13,000 Acres

Perseverance Metals Inc. (PMI) has executed two lease agreements with Keweenaw Land Association Limited to acquire 12,673.5 acres of prospective mineral titles in Michigan's Upper Peninsula. The company also secured an exclusive option agreement to acquire 320 acres of mineral rights on the Voyageur Project. These acquisitions bring the company's total consolidated land position to approximately 187,083 acres, an 11% increase from the 168,003-acre position established in July 2023.

The land expansion follows the September 9, 2026 announcement of the Osprey Ni-Cu-bearing mafic-ultramafic intrusion discovery and the October 2026 land option agreements. Drilling and borehole electromagnetic (EM) surveys are actively ongoing at the Osprey intrusion, with management expecting to provide a detailed progress update on exploration activities in the coming days.

Perseverance Metals Inc. (PMI) has moved to consolidate land holdings as a direct operational follow-up to the Osprey discovery, aligning with the company’s stated strategy to secure high-priority exploration ground. This acquisition provides management with the necessary land tenure to aggressively vector toward massive sulphide accumulations and test adjacent geophysical targets without jurisdictional or access delays.

The announcement does not introduce new financial terms, assay results, resource estimates, or production milestones. Capital requirements for the current drilling campaign are already funded by the October 2026 private placement. The market has already priced in the exploration phase and land acquisition strategy following the September discovery and October financing. The incremental acreage supports the existing catalyst timeline rather than accelerating or altering it.

Perseverance Metals Inc. (PMI) is a North American critical minerals exploration company focused on magmatic nickel-copper-cobalt-platinum group elements (Ni-Cu-Co-PGE) and hard rock lithium. The company’s flagship Voyageur Project is located in Michigan, USA, approximately 70 km west of Lundin Mining's Eagle Mine within the Mid-Continent Rift. This project hosts the newly discovered Osprey intrusion, a near-surface mafic-ultramafic body containing magmatic sulphides.

Perseverance Metals also holds secondary assets, including the Lac Gayot Project in Quebec, Canada, which features the Venus East Trend with high-grade Baseline and Nasique zones, and the Armit Lake Project in Ontario, Canada, focused on critical mineral exploration. The company’s strategy involves rapid-value creation through targeted drilling, advanced geophysics including SQUID, BHEM, and AGG, and strategic land consolidation in politically stable jurisdictions.