One Bullion to complete survey over Vumba, Maitengwe

Executive Summary

• One Bullion Ltd. has engaged Xcalibur Smart Mapping to conduct a high-resolution airborne geophysical survey (magnetic gradiometer and radiometrics) over its Vumba and Maitengwe projects in Botswana to advance drill targeting for the 2026 exploration program.
• The company also announced the grant of 1 million restricted share units (RSUs) to a director and officer, and entered into a market-maker agreement with Independent Trading Group Inc. to enhance liquidity.

Key Details

• Geophysical Survey Scope:
  • Total coverage: Approximately 16,350 line kilometres.
  • Vumba Project: 2,400 line km.
  • Maitengwe Project: 13,950 line km (inclusive of tie lines).
  • Survey parameters: 50-meter line spacing with 500-meter tie lines.
  • Technology: Horizontal magnetic gradiometer system, complemented by radiometric and gravity sensors.
• Project Specifics:
  • Maitengwe covers 580.75 square kilometres; the survey aims to penetrate young Kalahari sediments to identify prospective structural corridors and reduce exploration risk ahead of drilling.
• Timeline:
  • Survey commencement: Within the next few weeks.
  • Duration: Approximately five weeks.
  • Preliminary results: One week after survey completion.
  • Fully processed/interpreted data: Approximately four weeks after survey completion.
• Restricted Share Unit (RSU) Grant:
  • Quantity: 1,000,000 RSUs.
  • Recipient: A director and officer of the company.
  • Terms: Each RSU is convertible into one common share for no additional consideration.
  • Vesting Date: January 26, 2027.
• Market-Maker Agreement:
  • Counterparty: Independent Trading Group Inc.
  • Effective Date: January 6, 2026.
  • Fee: $5,500 per month.
  • Compensation Structure: No shares, options, funds, or securities provided to the market maker; cash fee only.
  • Term: Initial term of one month, subject to monthly renewal.
  • Termination: Company may terminate with 30 days' notice or for cause.
  • Regulatory Status: Subject to approval of the TSX Venture Exchange.

Notable Quotes

• "These surveys are a critical step in systematically unlocking value across our portfolio and positioning the company for a focused and efficient drill program later this year," said Adam Berk, CEO. "Following our successful public listing late last year, we are moving aggressively to advance our assets. High-resolution geophysical data will significantly improve our ability to prioritize targets, allocate capital effectively and accelerate exploration momentum as we enter 2026."