Hertz Energy Acquires Digital Database for Historic Lake George Antimony Mine, New Brunswick, Canada

Executive Summary

• Hertz Energy acquired a comprehensive digital geological and technical database for the historic Lake George Antimony Mine, providing a modern 3‑D model and extensive historical drill data.
• The company plans to use the database to support an aggressive tender bid to acquire the mine from the Province of New Brunswick and to guide future exploration and drilling programs on its 100 % owned Tungmony Project.
• An options grant of 1,100,000 stock options at $0.32 per share was also announced.

Key Details

• The Database consolidates 452 historical surface/underground drill holes (85,217 m total length) and 2,467 assay intervals (1,768 m sampled core).
• Includes a fully integrated 3‑D geological and mine model, historic mineral resource estimate files (2014), and a recommended diamond drilling program for down‑plunge testing.
• Hertz Energy holds 93 mineral claims (~2,104 ha) surrounding the former Lake George Mine and has secured institutional financial backing for a tender bid expected in 2026.
• The company will validate the database via Qualified Persons before using it for exploration, drilling, and technical studies.
• Planned exploration activities: geological mapping, prospecting, biochemical/soil geochemistry, ground and high‑resolution airborne geophysics across ~10 km of strike length.
• Historical production: 20,220 t antimony (1876‑1990); later phases produced ~34,000 t concentrate (65–66 % Sb) and ~1 Mt at ~4 % Sb before closure in 1996.
• Antimony and tungsten are designated critical minerals in Canada; recent global supply constraints have driven prices to record highs ($22,750/t for antimony).

Notable Quotes

• Kal Malhi, CEO: “The acquisition of this comprehensive database is expected to significantly enhance Hertz Energy tender bid and reduce the time and cost required for Hertz Energy to evaluate the Project by consolidating historical data into a validated digital format that can be readily interrogated and updated.”

Materiality Assessment: Material – Positive (strategic asset acquisition and clear forward‑looking plans that could materially affect the company’s valuation).