ValOre Provides Update on Hatchet Uranium Corp. Transaction

• Transaction Update: ValOre Metals provided an update on the disposition of its 51% interest in Hatchet Uranium Corp (HUC) to Future Fuels Inc. (FTUR).
• Timeline Extension: The "Outside Date" for the Amalgamation Agreement has been extended from March 31, 2026, to April 30, 2026.
• Ownership Change: Upon completion, ValOre's interest in HUC is expected to reduce from 51% to 38%, indicating a partial retention or structural adjustment of the stake post-amalgamation.
• Transaction History: Detailed disclosure provided regarding Beaconsfield Transaction (Feb/March 2024), Flow-Through Financings (May/Dec 2024, Jan 2025), and Skyharbour Agreements.
• Debenture Terms: A $250,000 debenture issued to Holley Investments Inc. will convert into 5,000,000 HUC common shares at $0.05 per share if the Sale Transaction completes by April 30, 2026.
• Pedra Branca Update: Recent metallurgical results (March 26, 2026) showed high-grade bioleaching recoveries (~73% Pt, ~74% Pd), supporting Phase II testwork and a Preliminary Economic Assessment (PEA) targeted for end-2026.
• Management: Nick Smart appointed CEO in October 2025; Jim Paterson remains Chairman.

• Liquidity Relief: The confirmation that the HUC transaction is proceeding towards an April 30 closing is critical given ValOre's reported cash position of only C$0.8 million (as of March 1, 2026). Monetizing this asset provides shares in Future Fuels Inc., which may offer liquidity or strategic value.
• Risk Mitigation: The extension of the deadline from March to April 30 introduces minor friction but avoids a deal cancellation, which would have been materially negative for a cash-strapped entity.
• Asset Exposure Reduction: Reducing ValOre's interest in HUC from 51% to 38% slightly diminishes direct exposure to uranium upside, though the share-for-share swap into FTUR maintains indirect exposure.
• PEA Progression: Positive metallurgical results validate the Pedra Branca PGM project as a viable processing pathway (bioleaching), supporting the end-2026 PEA timeline which is essential for valuation re-rating.
• Cash Runway Concerns: The low cash balance ($0.8M) combined with ongoing exploration and metallurgical costs creates a dependency on successful deal closing or new financing, making the HUC transaction material to survival rather than just growth.

• Flagship Project: Pedra Branca PGM Project located in Ceará State, Brazil.
• Resource Estimate: 2.2 Moz 2PGE+Au inferred resource in 63.3 Mt grading 1.08 g/t (NI 43-101).
• Project Status: Exploration/Development; Preliminary Economic Assessment (PEA) targeted for Q4 2026.
• Processing Pathway: Bioleaching and caustic pre-treatment validated with ~73% Pt and ~74% Pd recoveries from weathered material.
• Secondary Asset: Hatchet Uranium Corp (HUC), a subsidiary being disposed of to Future Fuels Inc., holding uranium-rich claim blocks in the Athabasca Basin (~97,674 ha).
• Strategy: Transitioning from exploration-focused company to an integrated precious-metals producer leveraging Brazil's permitting environment.