Collective Metals plans drilling at Rocas

Executive Summary

• Collective Metals Inc. has finalized plans for the inaugural drill program at its Rocas Uranium Project, marking the first-ever drilling campaign on the property.
• The Phase I program is fully financed and scheduled to mobilize in mid-March 2026, targeting shallow, high-grade basement-hosted uranium mineralization.
• Targeting is based on compelling surface results from 2025 prospecting (up to 33,000 cps) and 2024 geophysical surveys, with historical grab samples showing up to 0.498% U3O8.

Key Details

• Drill Program Scope: Phase I drilling will comprise approximately 1,200 to 1,500 metres across six to eight drill holes.
• Target Strategy: Drilling will test shallow, high-grade* basement-hosted uranium mineralization. Geophysical target zones are located approximately 100 to 200 metres below surface.
• Prospecting Results (2025): Preliminary results identified anomalous radioactivity readings of up to 33,000 counts per second (cps), with 10 separate occurrences exceeding 10,000 cps.
• Historical Sampling: Historical mineralized outcrop grab samples along ~900 metres of strike length returned values ranging from 587 ppm U up to 0.498 weight per cent U3O8. None of these occurrences have been drill tested to date.
• Geophysical Data: 2024 high-resolution ground gravity survey outlined gravity-low anomalies coincident with historical surface mineralization and fault zones. 2017 airborne EM work defined conductive trends subparallel to the Key Lake Road shear zone.
• Financing: The program is 100% financed by Collective Metals to satisfy year 1 expenditure requirements under the definitive property option agreement dated Sept. 26, 2025, with Standard Uranium (Saskatchewan) Ltd. and Standard Uranium Ltd.
• Timeline: Diamond drilling crews are expected to mobilize as early as mid-March 2026 to begin preparations, with the program planned for Q1 2026.
• Project Location: Rocas project is located 75 km southwest of the Key Lake mine and mill facilities, approximately 72 km south of the present-day margin of the Athabasca basin.
• Grade Definition: The company considers uranium mineralization with concentrations greater than 1.0 weight per cent U3O8 to be high grade.

Notable Quotes

• "Finalizing our maiden drill program at Rocas marks a major milestone for Collective. With compelling surface results, strong geophysical support and fully funded drilling, we are excited to begin testing shallow basement-hosted uranium targets in one of the world's premier uranium districts." — Christopher Huggins, CEO