Northwire Canada EditionSaturday, August 8, 2026
Northwire
WHN 0.375 −2.6% LME 0.140 +3.7% AAUC 30.49 +5.3% GGM 0.040 +14.3% FDY 6.18 +3.2% MOG 0.640 +3.2% NEXM 3.20 +1.3% NCAU 0.330 +3.1% LUC 0.160 +0.0% BTR 0.140 +0.0% SMRV 0.200 −16.7% BIG 0.880 +3.5% URC 3.89 +0.0% ATY 0.250 −2.0% NRM 0.075 +7.1% WMS 0.040 +0.0% WHN 0.375 −2.6% LME 0.140 +3.7% AAUC 30.49 +5.3% GGM 0.040 +14.3% FDY 6.18 +3.2% MOG 0.640 +3.2% NEXM 3.20 +1.3% NCAU 0.330 +3.1% LUC 0.160 +0.0% BTR 0.140 +0.0% SMRV 0.200 −16.7% BIG 0.880 +3.5% URC 3.89 +0.0% ATY 0.250 −2.0% NRM 0.075 +7.1% WMS 0.040 +0.0%

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Original News Release

Teako completes field program on 4 Norwegian projects

Mr. Sven Gollan reports TEAKO COMPLETES 2025 FIELD PROGRAM ON FOUR URANIUM PROJECTS: CONFIRMS HIGH GRADE URANIUM AT SVARTHOLA Teako Minerals Corp. has successfully completed its 2025 field program on four 100-per-cent-owned uranium (U) projects in northern Norway. The field mapping/sampling program has confirmed the prospectivity of these projects for uranium deposits associated with felsic intrusions/pegmatites, and was complemented by a ground gamma-ray spectrometry survey which returned elevated U concentrations (up to 7,114 parts per million) at the Svarthola project. The northern Norway U projects form part of the energy metals portfolio within the company's Project Hub model, and complement the company's continuing exploration focus on its base metals projects in the county of Trondelag. 2025 uranium field program Field work conducted at the Svarthola, Tverrlandet, Lavangen and Kvafjord projects (or each a project) in northern Norway comprising detailed geological mapping and sampling of uranium mineralization across all four projects, complemented by ground-based gamma-ray spectrometry surveys conducted with a Georadis GT40 spectrometry unit (GT40) to acquire uranium concentrations. The Svarthola project The Svarthola project is situated approximately 10 kilometres north of the town and port of Fauske in Nordland and contains the Harelifjell occurrence. Mineralization at Harelifjell has been identified as zones of uraninite mineralization within an aplite body. This aplite can be traced up to 1.4 kilometres northeast-southwest with historic rock-chip grades confirmed up to 5 per cent U (Lindhal, 1984). The target was to characterize the Harelifjell mineralization, sample the known mineralized areas and map out radiometric anomalies associated with the occurrence, via a high-resolution survey with the GT40. Mineralization consists of fracture zones and dark black biotite-uraninite within the aplite body, with U grades from the company's survey reaching 7,114 ppm. Historical drilling failed to replicate surface grades and raised questions about depth continuity. However, to the northeast of Harelifjell the GT40 also identified areas with U enrichment at significantly lower topographical elevation, suggesting greater potential depth continuity of mineralization than previously thought at Harelifjell. This second area of enrichment highlights the strike potential of the Svarthola project, with initial exploration confirming U potential over a minimum one-kilometre strike length. The Tverrlandet project At the Tverrlandet project, which is situated approximately 45 km southwest of Narvik, the focus was to assess the rare-earth elements (REE) and U potential of the northern Tysfjord basement window, within the TIB-2 granites. Historical soil geochemistry data collected by the Norwegian Geological Survey (the NGU) identified local soil anomalies reading up to 19.2 ppm U, recorded around the area the Teako field crew focused its exploration efforts. The results of the GT40 survey of the area showed U enrichment in and around pegmatites, with elevated gamma readings identified around the new Kulhornet target. The general locations and elevated values of the uranium in the soil data provided by the NGU raises questions regarding the source of these elevated values, if they are also linked to pegmatites, or if there is a second source of uranium in this region. The Lavangen project The Lavangen project is situated 37 kilometres north of the major port of Narvik and hosts the pegmatite hosted Spansdalen uranium occurrence, the focus base of this initial investigation. Radiometric studies of this area in the 1980s highlighted the Spansdalen occurrence to contain values reaching 2543 ppm U (Lindhal, 1983). Rock samples taken by the NGU in the 1990s also revealed uranium grades up to 1155 ppm. The goal was to assess the historical Spansdalen occurrence with the GT40 and extend this survey over select areas of interest. The GT40 results showed readings of mineralization (up to 930 ppm U). Within the Spansdalen occurrence uranium and molybdenum mineralization was identified by field crews within fracture zones. This enrichment may suggest that the pegmatites at the Lavangen project are part of a system of later phase or evolved pegmatitic intrusions with structures present across the project area. The orientation of this outcropping mineralization indicates the potential for strike extension to the northeast. The Kvafjord project At the Kvafjord project, which lies approximately 10 km west of the town of Harstad, exploration efforts concentrated around the historical Berg disseminated sulphide deposit, with a renewed focus on its uranium potential. Historic work around the old workings was focused on base metal extraction with chalcopyrite and pyrrhotite being the main sulphides present. Uraninite mineralization has been found around the Berg deposit itself with the NGU reporting mineralization up to 9,181 ppm U and with work in 1982 reporting grades of 0.3 per cent U (Often, 1982). The GT40 survey over the area identified uranium with assay function data (reaching 24 ppm). These data were compared with regional and historical data which highlights untested areas with promising radiometric data, with the largest anomaly being in the northern part of the project. Qualified persons and disclosure statement The technical information presented in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, and reviewed and approved by Eric Roth, a non-executive director of Teako and qualified person under NI 43-101. Mr. Roth holds a PhD in economic geology from the University of Western Australia, is a fellow of the Australian Institute of Mining and Metallurgy (AusIMM), and is a fellow of the Society of Economic Geologists. Mr. Roth has over 35 years of experience in international minerals exploration and mining project evaluation. About Teako Minerals Corp. Teako Minerals is a Vancouver-based mineral exploration company committed to acquiring, exploring and developing mineral properties in Norway, focusing on critical metals such as copper, cobalt, zinc and molybdenum. By leveraging leading-edge exploration technologies and strategic partnerships, Teako aims to address the growing demand for essential minerals while generating value for shareholders and stakeholders alike. Teako's Project Hub, including the Lokken and Venna main projects, covers an extensive land package prospective for copper, cobalt, zinc, gold, platinum group elements (or PGE), uranium, antimony, molybdenum and rare-earth-elements. The Project Hub strategy was initially developed from the company's first-mover advantage in-country, leveraging both technical skill and strong local community engagement to acquire and advance groups of both core and non-core assets. Core assets such as the Lokken-Venna district remain integral to the company's self-financed exploration programs, whereas the company aims to retain exposure to exploration success on non-core assets through securing deals with strong partners. These deals, if secured, are intended to potentially bring in capital and/or ongoing cash flow, retain upside exposure and reduce overall risk, thereby strengthening Teako's foundation. Teako holds a 10-per-cent economic interest in the Hulderdalen, Moelva, Kvelde and Skarafjell projects owned by Fritzoe Skoger AS. We seek Safe Harbor.
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