Collective Metals Announces Plans for Inaugural Drill Program at the Rocas Uranium Project

Executive Summary

• Collective Metals finalizes its maiden drill campaign on the Rocas Uranium Project, planning 1,200–1,500 m across 6–8 holes to test shallow, high‑grade basement‑hosted uranium targets.
• The program is fully funded by the Company under its definitive option agreement with Standard Uranium and will commence in Q1 2026, with drilling crews mobilizing as early as mid‑March.
• High‑priority drill targets are based on anomalous surface radioactivity (up to 33,000 cps) identified during the 2025 prospecting program and supportive 2024 high‑resolution ground gravity and historic EM surveys.

Key Details

• Drill Plan: ~1,200–1,500 m total depth; 6–8 diamond drill holes targeting zones 100–200 m below surface.
• Target Selection: Combines 2025 prospecting radioactivity anomalies (10 occurrences >10,000 cps, max 33,000 cps) with 2024 gravity lows and historic EM conductors along a 7.5‑km magnetic low/EM corridor.
• Funding: 100 % of the program funded by Collective Metals to meet year‑one expenditure obligations under the Option Agreement dated 26 Sept 2025 with Standard Uranium (Saskatchewan) Ltd. and Standard Uranium Ltd.
• Key Vendors: All drilling contracts secured; diamond‑drilling crews expected on site mid‑March 2026.
• Historical Data: Prior grab samples over ~900 m strike length returned up to 0.498 wt% U₃O₈ (≈5,870 ppm U); no prior drill testing performed.
• Geophysical Context: 2024 ground gravity survey identified several low‑gravity anomalies coincident with historic surface mineralization and fault structures; 2017 airborne EM work defined conductive trends parallel to the Key Lake Road shear zone.
• Project Location: Rocas Project lies ~75 km SW of the Key Lake Mine and Mill, within the eastern Athabasca Basin, covering 4,002 ha.
• Qualified Person Review: Information reviewed and approved by Sean Hillacre, P.Geo., President & VP Exploration, Standard Uranium Ltd. (NI 43‑101 qualified).

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, Chief Executive Officer, Collective Metals Inc.