New Earth Resources Issues Shares under Option Agreement for Red Wine Rare Earth Project in Labrador

Executive Summary

• New Earth Resources Corp. issued 1,250,000 Class A common shares to Northex Capital Partners at $0.285 per share, raising aggregate consideration of $356,250 as an initial option payment for the Red Wine Rare Earth Project.
• The shares are subject to a four‑month hold period expiring March 29 2026.
• The transaction secures the Company’s option to acquire the 1,575‑hectare Red Wine Rare Earth Project in Labrador, Canada.

Key Details

• Shares Issued: 1,250,000 Class A common shares.
• Issue Price: $0.285 per share.
• Aggregate Consideration: $356,250 paid by Northex Capital Partners as the initial option payment.
• Hold Period: Shares subject to a four‑month hold period; restriction lifts on 2026‑03‑29.
• Option Agreement Date: November 19 2025 (see prior release dated November 21 2025 for full terms).
• Project Acquired Under Option: Red Wine Rare Earth Project, comprising two non‑contiguous mineral claims in Labrador, Canada (~1,575 ha total).
• Counterparties: Northex Capital Partners Inc. and its principals (arm’s length to New Earth).
• Purpose of Financing: To fund the option to acquire 100% interest in the Red Wine Rare Earth Project.

Notable Quotes

(No direct quotes included in the release.)