Significant Gallium and Scandium Confirmed at La Blache as RCL Technology Platform Builds Additional Value

Executive Summary

• Assay results from nine HQ drill holes (Nov 2025) at La Blache confirm thick, high‑grade massive‑oxide mineralisation with significant gallium, scandium and chromium alongside vanadium, titanium and iron.
• Western step‑out holes extend the mineralised zone up to 150 m westward and shallow toward surface, indicating upside for resource expansion.
• The company is re‑assaying 748 historic core samples (2022) using a new fused bead digestion protocol to improve assay consistency across the project.

Key Details

• Drill Program: 9 HQ holes, total 2,304 m drilled Oct 24–Nov 2025; 30 days, four platform areas.
• Key Intercepts (Massive‑Oxide Domain):
• FT‑25‑07: 73 m @ 83.7 % Fe₂O₃+TiO₂, 0.46 % V₂O₅; 56 ppm Ga, 19 ppm Sc, 1,240 ppm Cr (110 m).
• FT‑25‑04: 75 m @ 79.8 % Fe₂O₃+TiO₂, 0.43 % V₂O₅; 57 ppm Ga, 17 ppm Sc, 1,463 ppm Cr (204 m).
• FT‑25‑06: 40 m @ 75.6 % Fe₂O₃+TiO₂, 0.39 % V₂O₅; 59 ppm Ga, 17 ppm Sc, 1,110 ppm Cr (145 m).
• FT‑25‑03: 30 m @ 78.7 % Fe₂O₃+TiO₂, 0.39 % V₂O₅; 53 ppm Ga, 16 ppm Sc, 1,294 ppm Cr (214 m).
• Step‑out Holes (West Extension): FT‑25‑06 to FT‑25‑09 show mineralisation extending ~150 m west of historic drilling and shallowing toward the surface outcrop (“Schmoo Zone”).
• Semi‑Massive Oxide Intercepts: Multiple holes record 20–30 m intervals with Fe₂O₃+TiO₂ >70 % and notable Ga/Sc/Cr values (e.g., FT‑25‑08: 26 m @ 84.6 % Fe₂O₃+TiO₂, 0.43 % V₂O₅; 58 ppm Ga, 19 ppm Sc, 1,258 ppm Cr).
• Assay Methodology: New Fused Bead Assay Digestion Protocol applied to 2025 samples; 748 historic core samples from the 2022 NQ program dispatched for re‑assay (Feb 2026).
• Resource Implications: Results support upgrading the current foreign inferred resource to measured & indicated status and suggest inclusion of Ga, Sc, Cr in a revised resource/PEA.
• Next Steps: Continued negotiations with RCL technology partners; assay results from re‑assayed historic core pending; relogging/sampling of 20,294 m NQ core (Hervieux West) underway; planning additional core processing for Hervieux East (≈10,936 m) starting mid‑March 2026.

Notable Quotes

• Tim Fernback – President & CEO:

  “The consistency of the gallium, scandium, and chromium within the massive oxide zones at La Blache is highly encouraging… The latest western holes have also confirmed that the mineralisation continues to extend and shallow toward surface.”

Approved for Release by the Board of Directors