Pacific Booker submits Morrison samples for analysis

The most recent news release dated October 22, 2025, states that Pacific Booker Minerals Inc. has provided an update on the presence of critical minerals at its Morrison Project. The company submitted core samples from drilling for analysis to confirm the presence of critical minerals. Previous analysis had already confirmed Copper and Molybdenum (which are considered critical minerals), in addition to Gold and Silver. The current analysis indicates the preliminary identification of nine additional critical minerals: Cobalt, Chromium, Gallium, Lithium, Manganese, Nickel, Scandium, Vanadium, Zinc, plus Barium and rare earth elements Neodymium and Praseodymium.

A crucial disclaimer accompanies this announcement: "It must be understood that the needed work has not been done to determine if these elements are present in a commercially recoverable form. It is not possible at this time to indicate whether the presence of these elements adds significant value to the orebody."

This news is a Routine - Positive development. It expands the known mineral profile of the Morrison Project by adding several critical minerals, which is inherently positive for an exploration company. However, the impact is tempered by the significant and repeated disclaimer that commercial recoverability and significant value addition have not been determined. This mirrors previous statements on critical minerals (December 2024, July 2025), indicating that while more minerals are identified, the core challenge of demonstrating economic viability remains unaddressed.

Comparing this to earlier news: - The December 11, 2024, news already identified Chromium, Gallium, Manganese, Molybdenum, Scandium, and Vanadium from 1998 assays, with the same disclaimer about commercial recoverability. - The July 23, 2025, news stated that core samples were submitted for analysis to confirm critical minerals, with a timeline for results within a month, and the same disclaimer.

The current news confirms the results of the July 2025 submission and adds Cobalt, Lithium, Nickel, Zinc, Barium, Neodymium, and Praseodymium to the list of identified critical minerals beyond what was stated in December 2024. While expanding the mineral suite is positive, the lack of progress on demonstrating commercial viability prevents this from being a material upgrade. It's a step in ongoing exploration but doesn't fundamentally change the company's immediate outlook or valuation given the persistent uncertainty about economic extraction. The stock price on the last trading day prior to this news (October 21, 2025) was $1.00, and the provided data does not include market reaction to this specific news release.

Pacific Booker Minerals Inc. (BKM) is an exploration-stage company focused on the development of its flagship Morrison Project, located in the Omineca Mining Division in British Columbia, Canada. Historically, the project has been known for its significant Copper and Molybdenum mineralization, along with Gold and Silver. The company is now actively exploring and identifying the presence of critical minerals within the Morrison orebody. The current stage of the project is exploration, with ongoing analysis to determine the full mineral potential. The company holds a 100% interest in the Morrison claims, subject to a 1.5% Net Smelter Royalty (NSR) on some contiguous claims acquired in consideration for 45,000 common shares valued at $180,000.