Inventus Announces Bulk Sample Processing Underway and Provides Drill Program Update

The November 6, 2025 news release announces that Inventus has commenced processing its 4,816-tonne 007 North bulk sample at McEwen Inc.'s Stock Mill. The milling began on November 3, 2025, and is expected to be completed by November 7, 2025. This bulk sample had a previously announced weighted average grade of 3.84 g/t gold over a thickness of 1.82 metres from grade-control drilling.

The company also provided an update on its ongoing Phase 2 drill program at the Pardo project, stating that 46 holes totaling 1,080 metres have been completed. Assay results for this drilling are currently pending.

This news is a positive and critical operational milestone, confirming that the long-anticipated bulk sample processing is finally underway. The successful start of milling is a significant de-risking event, moving the project from exploration and extraction to the processing and reconciliation stage.

However, the rating is "Routine - Positive" rather than "Material" for several key reasons: 1. Expectation: The market has been anticipating this event for months. The October 16, 2025 release had already scheduled the processing for November 1st, so this news is an on-time confirmation of that latest schedule. 2. Prepayment De-risking: The September 2, 2025 announcement of a $1.47 million gold prepayment from McEwen for this specific bulk sample had already provided a strong signal of the sample's value and McEwen's confidence in the material. This significantly front-ran the positive impact of the processing itself. 3. Timeline Slippage: While the start is positive, it's important to note the series of delays. Processing was initially guided for late July, then August, then October, and has now commenced in November. While the final start is good, the repeated delays have likely tempered market enthusiasm.

The true material catalyst will be the results from this processing run: the final recovered gold, the reconciled head grade, and the recovery percentage. If these figures meet or exceed the grade-control drilling results (3.84 g/t), it would strongly validate the economic potential of a low-cost surface mining operation at Pardo and would be a material positive event. This news sets the stage for that catalyst but is not the catalyst itself.

The ongoing Phase 2 drilling is also positive, but secondary to the bulk sample results, which are the primary focus for proving the project's economics.

Inventus Mining Corp. is a Canadian exploration company focused on its 100%-owned Pardo Gold Project, located 65 km northeast of Sudbury, Ontario. The flagship project is characterized by a near-surface, flat-lying paleoplacer gold system. The company's strategy is to de-risk the project by demonstrating its economic viability through a comprehensive bulk sampling program prior to establishing a maiden mineral resource estimate. The goal is to prove the potential for a low-cost, high-margin surface mining operation. The property is royalty-free.