Jade Leader Reviews Its Available Critical Minerals Assets

• The most recent release (May 21, 2026) details a review of non-jade critical mineral assets, specifically the Tell property in Yukon and Black Lake leases in Saskatchewan.
• Management intends to generate capital through potential sales or options on these properties rather than immediate development.
• Historical data is cited for the Tell property (Zinc, Silver, Nickel anomalies from 2014 drilling) and Black Lake (Uranium/Molybdenum historical samples).
• Previous news (May 5, 2026) confirmed a small initial sale of ornamental jade ($50,000 CDN) and transition to semi-annual financial reporting.
• Historical context (Nov 2025) highlighted regulatory changes allowing the commercialization of stockpiled ornamental jade, previously prohibited.

• The news is not material in terms of immediate revenue generation; $50,000 sales are negligible relative to operational costs for a junior explorer.
• The shift to reviewing non-jade assets suggests management is prioritizing liquidity over scaling the core jade business, which may indicate cash flow concerns given the low inventory turnover (20 tonnes remaining after one sale).
• No new resource estimates or drilling results were announced; only historical data from 2014 and older samples are referenced.
• The semi-annual reporting change reduces disclosure frequency but does not improve financial performance.
• Overall, this is a strategic pivot to asset monetization rather than operational growth, resulting in a neutral market impact.

• Strategy: Jade-focused exploration targeting nephrite jade in the western United States (Wyoming/Washington).
• Flagship Project: Wyoming Jade Fields, specifically the Sky Zone pilot operation.
• Production Status: Pilot-scale production completed; first sales began in 2022 with "Sky Jades".
• Assets: Six nephrite-jade hosting properties (five in Wyoming, one in Washington State).
• Qualified Person: Jean-Pierre Jutras, P.Geo., who also serves as President.