NVRO Metals Highlights Investment Potential of the NVRO Metals Hub Following Independent 77.6 Million-Tonne Mineral Resource Estimate

Executive Summary

• NVRO Metals released an independent NI 43-101 Mineral Resource Estimate for its NVRO Metals Hub in Australia’s Northern Territory, confirming a combined resource of ~77.6 million tonnes at 1.69% CuEq, with over 94% classified as Measured or Indicated.
• The resource is divided into an oxide domain (~15.9M tonnes) targeted for a Phase 1 restart to produce copper cathode, cobalt, and nickel, with first production currently targeted for late 2027.
• The company plans to leverage existing hydrometallurgical infrastructure and its proprietary NVRO Process™ to establish the Hub as a centralized critical minerals processing platform capable of processing both its own resources and third-party feedstocks.

Key Details

• Combined Mineral Resource: ~77.6 million tonnes grading 1.69% copper equivalent (CuEq) across oxide and sulfide domains.
• Resource Classification: >94% classified as Measured or Indicated, indicating a high degree of confidence in scale and quality.
• Oxide Resource: ~15.9 million tonnes; serves as the foundation for the Phase 1 restart strategy targeting near-term production of copper cathode, cobalt, and nickel.
• First Production Target: Late 2027.
• Sulfide Resource: ~61.7 million tonnes grading 1.86% CuEq.
• Sulfide Metal Inventories:
• Copper: 356,000 tonnes
• Cobalt: 69,800 tonnes
• Nickel: 62,100 tonnes
• Lead: 1.82 million tonnes
• Zinc: 310,000 tonnes
• Silver: 20.95 million ounces
• Processing & Technology: Utilization of existing hydrometallurgical processing infrastructure; proprietary NVRO Process™ to be validated and commercialized at industrial scale.
• Strategic Vision: Establish the NVRO Metals Hub as a centralized critical minerals processing center for Company-owned resources and third-party feedstocks, supporting future technology licensing initiatives.
• Location: ~110 kilometers (68.3 miles) from the Port of Darwin, Northern Territory, Australia.
• Acquisition Context: Release references a proposed acquisition of the NVRO Metals Hub, including implementation of a Deed of Company Arrangement (DOCA), satisfaction/waiver of closing conditions, and required regulatory/stock exchange approvals (including TSXV acceptance).

Notable Quotes

• “This resource estimate validates much more than a mineral deposit. It provides the foundation for our broader strategy of combining near-term production, processing infrastructure and proprietary technology deployment within a single integrated platform. We believe the NVRO Metals Hub positions NVRO Metals to become an important participant in the global critical minerals supply chain.” — Grant Freeman, Chief Executive Officer