FN Media Group News Commentary – Industry experts project that the global critical minerals market will continue maintaining substantial growth as it has in recent years. The global critical minerals market is experiencing unprecedented growth, primarily driven by the accelerating transition to clean energy technologies. According to the International Energy Agency (IEA), the market size of key energy transition minerals doubled over the past five years, aligning closely with the market size for iron ore mining. This surge is largely attributed to the tripling of lithium demand, a 70% increase in cobalt demand, and a 40% rise in nickel demand between 2017 and 2022, with clean energy applications accounting for significant portions of this demand. The sustainability of the global critical minerals market is increasingly influenced by governmental initiatives aimed at reducing environmental impact and enhancing resource efficiency. A recent report from DataM Intelligence projected that Critical Minerals Market Size reached US$ 328.19 billion in 2024 and is expected to reach US$ 586.63 billion by 2032, growing with a CAGR of 7.53% during the forecast period 2025-2032. The report said: ‘A notable trend in the critical minerals market is the increasing investment in mineral development, which witnessed a 30% rise in 2022 following a 20% increase in 2021. Lithium saw the sharpest investment increase at 50%, followed by copper and nickel. This investment surge is a response to the soaring demand for minerals like lithium, cobalt, nickel, and copper, driven by the deployment of clean energy technologies such as electric vehicles, wind turbines, and solar panels.’ Active companies in the markets this week include: SAGA Metals Corp. (OTCQB: SAGMF) (TSX-V: SAGA), TMC the metals company Inc. (NASDAQ: TMC), Critical Metals Corp. (NASDAQ: CRML), Rio Tinto Group (NYSE: RIO), Empire Metals Limited (OTCQX: EPMLF) (LON: EEE).

DataM Intelligence continued: ‘The rising demand for energy transition technologies, such as electric vehicles (EVs) and renewable energy systems, is significantly driving the critical minerals market. According to the International Energy Agency (IEA), mineral demand for clean energy technologies is projected to nearly quadruple by 2040, reaching close to 40 million tonnes annually. In the scenario, lithium demand is expected to increase ninefold, while copper demand will see the largest absolute growth due to its essential role in electrification. Currently, clean energy applications account for over 40% of total demand for copper and rare earth elements, 60–70% for nickel and cobalt, and nearly 90% for lithium.’

SAGA Metals Corp. (TSX-V: SAGA) (OTCQB: SAGMF) Announces Initiation of Equity Analyst Coverage by Alphabridge Group with Outperform Rating – SAGA Metals Corp (FSE: 20H) (‘SAGA’ or the ‘Company’), a North American exploration company focused on critical mineral discovery, is pleased to announce that it has received initiation of equity analyst coverage by Alphabridge Group Inc. (‘Alphabridge’), a leading independent corporate finance advisory and research firm specializing in small and mid-cap companies with an outperform rating.

Alphabridge, based in Vancouver, Canada, is a corporate finance advisory firm that partners with growth companies to deliver strategic financial leadership across mergers & acquisitions (M&A), capital raising, valuation, and CFO services. In addition to its advisory practice, Alphabridge operates a dedicated equity research arm that focuses on providing independent coverage for companies operating at pivotal stages of development with significant growth potential. Alphabridge’s research is distributed through major institutional platforms, including S&P Capital IQ, FactSet, AlphaSense, and Thomson Eikon, as well as its newsletter with over 2,000 subscribers. Their coverage of Saga Metals is expected to highlight the Company’s strategic focus on its flagship Radar Ti-V-Fe Project in Labrador, Canada, and its emerging portfolio of critical mineral assets.

Their initiation report on Saga Metals, dated September 8, 2025, titled ‘Saga Metals Corp. (TSX.V: SAGA) – Initiating Coverage – Well-Positioned for the Critical Minerals Supercycle,’ underscores the Company’s potential to deliver value through its titanium-vanadium project.

The research report is available to view or to download from the firm’s websites: https://alphabridge.co/download-saga-metals-equity-research-report/ or upon written request sent to Alphabridge.

Alphabridge Group Inc.

Analyst: Vasant Jain, CFA

Email: vasant@alphabridge.co

Website: www.alphabridge.co

In addition, the research report will be disseminated through various third-party websites and major institutional platforms as outlined above. Investors are encouraged to review the reports for detailed insights into Saga Metals’ projects and growth strategy. Alphabridge’s Initiation Research Report includes a third-party independent review of Saga Metals, an Enterprise Valuation Analysis and a Share Price Target completed by Alphabridge’s analyst, Vasant Jain, CFA. The opinions expressed in the Research Report referenced above are the true opinions of the analyst about Saga Metals and its industry. CONTINUED … Read this full press release and more news for SAGA Metals at: https://sagametals.com/corporate-news/

Other recent developments in the mining industries of note include:

TMC the metals company Inc. (NASDAQ: TMC) , a leading developer of the world’s largest estimated undeveloped resource of critical metals essential to energy, defense, manufacturing and infrastructure, recently provided a corporate update and second quarter results for the period ending June 30, 2025.

Q2 2025 Financial Highlights Were: Total cash of approximately $115.8 million at June 30, 2025; $10.6 million cash used in operations for the quarter ended June 30, 2025; and Operating loss of $22 million, net loss of $74.3 million and net loss per share of $0.20 for the quarter ended June 30, 2025

TMC Chairman and CEO Gerard Barron commented: ‘The publication of our PFS for the NORI-D Project marks a defining moment for TMC—showing the potential of a clear, capital-efficient path to first production. Alongside our Initial Assessment of the broader NORI and TOML resource areas, these studies underscore the scale and durability of our portfolio, with a combined NPV of $23.6 billion. The strategic investment from Korea Zinc—one of the few companies outside China capable of refining our intermediate materials at scale—further strengthens our route to market. We also renewed our partnerships with Nauru and Tonga—reaffirming our commitment to delivering lasting benefits for Pacific nations.’

Critical Metals Corp. (NASDAQ: CRML) , a leading critical minerals mining company, recently announced for the first time three new assay results from the 2024 diamond drill hole program at the Fjord Deposit at the Tanbreez Rare Earth Project in Greenland.

Highlights – 2024 New Diamond Drill Hole Results Were: Consistent high-grade rare earth mineralization intersected in all four reported holes, with Total Rare Earth Oxide (TREO) grades between 0.40% and 0.42%; High proportion of heavy rare earth oxides (HREO) ~26% of TREO, reinforcing the deposit’s potential strategic value; Significant zirconium oxide (ZrO₂) grades of 1.57–1.58% across all holes; Gallium oxide (Ga₂O₃) assays between 93–99 ppm, providing a potential additional economic credit; All holes drilled vertically (-90°) through sub-horizontal, stratiform kakortokite layers, intersecting mineralisation at approximately true thicknesses.

Mineralisation remains open at depth in all reported holes; Drilling confirms continuity of grade and mineralogy across multiple sections of the Fjord Deposit, consistent with historical data; All the drill holes were collared within the Fjord Deposit with 23.6MT @ 0.42% TREO Maiden Mineral Resource; and The holes are part of the ongoing 2024–2025 Fjord Resource Upgrade program, with over 1900 m drilled to date in 2025 and further assays pending.

Rio Tinto Group (NYSE: RIO) recently announced a new operating model and executive team to shape the company’s next chapter. The changes simplify and streamline the organization to drive greater accountability and safe, sustainable, profitable growth through focusing on the most compelling opportunities to deliver long-term shareholder value.

Effective immediately, Rio Tinto will simplify its product group structure to three world-class businesses: Iron Ore; Aluminum & Lithium; and Copper. This focused structure and leadership positions each business to deliver excellence for customers and maximize competitive advantages and growth potential, while benefitting from the diversified group.

The Iron Ore product group will bring together all of Rio Tinto’s iron ore operations under the leadership of Matthew Holcz, who has been appointed Chief Executive Iron Ore. The unified portfolio will integrate Rio Tinto’s Western Australian Iron Ore operations with the Iron Ore Company of Canada and the Simandou project in Guinea upon its completion. This will combine the proven performance of the company’s established Iron Ore operations with the potential of Simandou, sharing safety best practices, cutting-edge technologies and operational experience across the entire Iron Ore portfolio to create an even stronger global business.

Empire Metals Limited (OTCQX: EPMLF) (LON: EEE), the resource exploration and development company, recently announced its interim results for the six-month period ended 30 June 2025.

Highlights:

• Pitfield confirmed as the world’s most significant new titanium discovery, with unparalleled scale, consistency of high-grade and purity.
• Largest drilling campaign to date launched at the Thomas Prospect delivered outstanding results and identified a large high-grade near-surface core, averaging ~6% TiO₂ over a continuous 3.6km strike.
• Metallurgical testwork achieved a 99.25% TiO₂ product, demonstrating a highly efficient and potentially lower-cost processing route.
• Process development work has confirmed that Pitfield’s weathered ore is ideally suited to conventional mineral separation and refining, differentiating it from ilmenite-based projects which typically face lower recoveries, higher costs, and significant environmental challenges.
• Maiden Mineral Resource Estimate (‘MRE’) on track for release in the coming weeks.
• £4.5m raised in May 2025 to accelerate Pitfield development, with strong institutional support.
• Further strengthening of board and technicial team with appointment of Phil Brumit as Non-Executive Director, Alan Rubio as Study Manager and Pocholo Aviso as Hydro-metallurgist.
• Commenced US trading on the OTCQX in the US, broadening international investor access.

Shaun Bunn, Managing Director, commented: ‘The first half of 2025 has been a period of remarkable activity and momentum for Empire. Pitfield is no longer just a discovery story – it is fast becoming recognized as a project of global importance, with results that continue to exceed expectations. Our drilling campaigns have delivered some of the highest TiO₂ grades we’ve seen to date, confirming not only the exceptional quality of the deposit but also its scale consistency and simplicity.

‘It is also encouraging to see the strength of market support for what we are building and I am confident that Empire can bring this once-in-a-lifetime discovery to commercial fruition in an expedient manner. With a world-class asset, a strengthened technical team, and strong financial backing, we are exceptionally well positioned for the next phase of growth.’

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GLOBEX MINING ENTERPRISES INC. (GMX Toronto Stock Exchange, G1MN Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exch anges and GLBXF OTCQX International in the US) is pleased to provide an additional update as regards drilling by Radisson Mining Resources Inc. (RDS-TSXV, RMRDF-OTCQB) on Globex’s Kewagama Gold Mine Royalty claims. Globex holds a two percent (2%) Net Smelter Royalty (NSR) on the eastern portion of what Radisson calls East O’Brien, including all the Kewagama Gold Mine royalty claims eastward to the adjoining 100% Globex owned Central CadillacWood Gold Mines property including the Ironwood gold deposit.

The assay results published by Radisson in yesterday’s press release include deep drill intersections at the western edge of the Globex Kewagama royalty claims with new intersections from 850 m to 1,300 m vertical as well as shallower gold intersections in the 200 m to 500 m vertical range between the new deeper intersections and the Kewagama shaft area. The new assays confirm the excellent gold potential on the Globex royalty claims both at shallow depths and significantly deeper. It is worth noting that there has been very little drilling beyond the gold intersections previously reported east of the historic Kewagama Gold Mine to the Globex Central Cadillac/Wood Gold Mines boundary. The Radisson drilling has and continues to intercept gold on the O’Brien and Kewagama claims within the Piche Group of rocks.   It is worth noting that there here is very limited drilling in the Piche Group across the 2.0 kms of Piche Group strike length on the Central Cadillac/Wood Gold Mine Property. This lack of drilling on the Central Cadillac/Wood Gold Mine property points to the strong gold prospectivity of the property.

Per Matt Manson, Radisson President & CEO, ‘several of the holes represent deep step-outs below our ‘Trend #2’, pushing the scope of known mineralization downwards by up to 300 metres in this important area . Our Exploration Target at O’Brien is between 3 and 4 million ounces of gold in 15 to 20 million tonnes at between 4.5 and 8.0 g/t Au. Four rigs are currently active at the Project and drilling continues.’

The reader is cautioned that the potential quantity and grade of an Exploration Target is conceptual in nature, there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource.

Assay Results from Drill Holes OB-24-352 to OB-25-375

Intercepts are calculated with a 3.00 g/t Au bottom cut-off. True widths, based on depth of intercept and drill hole inclination, are estimated to be 30% -80% of core length.

Longitudinal Section Published by Radisson on September 8, 2025

Central Cadillac/Wood Mine Property Geology

This press release was written by Jack Stoch, P. Geo., Executive Chairman and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101.

Forward-Looking Statements: Except for historical information, this news release may contain certain ‘forward-looking statements’.  These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the expectations and projections of Globex Mining Enterprises Inc. (‘Globex’).  No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom.  A more detailed discussion of the risks is available in the ‘Annual Information Form’ filed by Globex on SEDARplus.ca .

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/0bde022e-ec86-41a1-8c71-3eddcae6e65c

https://www.globenewswire.com/NewsRoom/AttachmentNg/5ef34c09-eb87-42fb-96e4-f59923a0c4a5

International Lithium Corp. (TSXV: ILC,OTC:ILHMF) (OTCQB: ILHMF) (FSE: IAH) (the ‘Company’ or ‘ILC’) is pleased to announce that on September 04, 2025 it acquired an option from Lepidico (Canada) Inc. (‘Lepidico Canada’) to buy 100% of the shares of Lepidico (Mauritius) Ltd. (‘Lepidico Mauritius’) on a debt-free basis for consideration of CAD$975,000 plus certain payments in the future that are contingent on and linked to various possible receipts by Lepidico Canada. Lepidico Mauritius in turn owns 80% of Lepidico Chemicals Namibia (Pty) Ltd. (‘Lepidico Namibia’), which owns the Karibib Lithium, Rubidium and Cesium project in Namibia.

Assuming the transaction goes ahead with ILC exercising its option, the Company would leapfrog, by several years, the development stage of other projects it is interested in, including those in Zimbabwe and:

• have one of the largest rubidium resources in Africa and (per our own research and also using Grok) the largest disclosed rubidium resource in Africa, as well as one of the most extensive rubidium resources in North America through ILC’s existing Raleigh Lake project in Ontario;

• be well-positioned for an upswing in the lithium market; and

• strengthen its stance as one of the leading global players in the rubidium market and a company with some of the most significant cesium interests of any non-Chinese company.

The parties have signed a secured loan agreement whereby ILC lends CAD$510,000 to Lepidico Canada. Of the principal amount, CAD$420,000 accrues interest at 10% per annum. If ILC exercises the option, this loan plus interest will be repayable in full from the option exercise proceeds. The option has been granted until the later of November 30, 2025, and 30 days after the arbitration outcome is known (see below). A total of CAD$285,000 has already been advanced to Lepidico. There are various conditions for the drawdown of the remaining CAD$225,000, including standard regulatory approvals and a key condition that, by drawdown, there will be no debt owed by Lepidico Mauritius or its subsidiaries to its ultimate Australian parent, Lepidico Ltd., which is in liquidation. A condition in the option agreement is that Lepidico Mauritius and its subsidiaries will have no debt owed to other previous Lepidico group companies at the time of option exercise.

It is important to emphasize that there is a possibility that the option may not be exercised, especially if Lepidico Namibia encounters an adverse outcome in an arbitration dispute with the Chinese company Jiangxi Jinhui Lithium Co. Ltd., which involves claims and counterclaims. This arbitration in Singapore is expected to conclude in September or October 2025. Conversely, if the arbitration is resolved positively, ILC and Lepidico Canada have agreed that 30% of the net proceeds after legal and other costs will be retained by the part of the Lepidico group that ILC would be acquiring, with the remaining 70% paid to Lepidico Canada. The deal structure reflects ILC’s reluctance to assume the risk of a negative arbitration award concerning events that occurred seven years ago.

Lepidico’s ownership of Karibib resulted from its 2019 acquisition of TSXV-listed Desert Lion Energy in exchange for shares and other securities valued at that time at AUD$ 22.9 million (approximately CAD$20.7 million). Since acquiring the company in 2019, Lepidico has invested a further AUD$ 12.1 million (approximately CAD$ 10.9 million) in the Karibib project, excluding central group overheads, with a significant portion directed towards drilling, an environmental study and subsequently a Definitive Feasibility Study and a further Resource Estimate.

The Karibib Project comprises two areas near Karibib, Namibia, with fully permitted mining licences known as Rubicon and Helikon (also in various reports spelled Helicon), along with an Exclusive Prospecting Licence EPL5439 for an adjacent area.

A Definitive Feasibility Study (the ‘DFS Report’) was announced on May 28, 2020 by Lepidico Ltd. (a public company then listed on the Australian Securities Exchange) based on JORC Code (2012) Mineral Resources and Ore Reserves estimates for the Rubicon and Helikon deposits. The DFS Report is titled ‘Phase 1 Project – Definitive Feasibility Study Report’, and has a publication date of July 10, 2020. It was produced by Lepidico Ltd. who managed the feasibility study listing around 28 organisations with particular expertise in the specific areas of input as contributors to the DFS Report. The DFS Report and ASX announcements regarding the Karibib project, including resource estimates and other pertinent information to the Karibib project are available on Lepidico’s website: www.lepidico.com.

In Lepidico’s news release dated January 30, 2023 Lepidico announced an overall Karibib Project Mineral Resource update as of 31 December 2022 prepared by Cube Consulting which is detailed in the following table. The numbers in this table (the ‘Historical Estimate’) are subject to various assumptions and parameters which are detailed later in this announcement. The Company is not aware of any more recent estimates.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3232/265688_8f7ed2e8b4b4ab0b_003full.jpg

Although the technical information announced by Lepidico was produced according to the requirements of JORC Code (2012), ILC is treating this information as historical information. The Company does however believe, and this thinking was part of its decision to proceed with the transaction, that the mineral resource estimates are likely to be reliable and relevant firstly since JORC Code (2012) is one of the most widely recognized and respected mineral resource reporting standards globally, and secondly there has been no mining activity since the last resource estimate. ILC has not engaged a ‘Qualified Person’ as defined by NI 43-101 to independently verify or complete sufficient additional work to determine the relevance and reliability of the information. The Company’s QP has not done sufficient work to make the resource current and the Company is not treating the resource as current. Only if the option is exercised would ILC, at its own discretion, complete the further technical work and review and evaluation of the information and data supporting the Lepidico information in the DFS Report and/or the Lepidico mineral resource estimates to bring them to current for ILC under NI 43-101. Mineral resources are not mineral reserves and although Lepidico has reported a Definitive Feasibility Study for the project, there is no guarantee that further work will result in an economic mining scenario.

It is believed, based on published data, that as well as its significant lithium resource, the Karibib project contains the largest (or one of the two largest) rubidium resources of any project in Africa (the others being in Zimbabwe and Zambia). At the same time, the amount of cesium is smaller but nevertheless equal to about one year of global demand. For cesium Sinomine has historically been the largest producer in Africa, and has recently restarted cesium production at its Bikita project in Zimbabwe by extracting pollucite from petalite tailings. Sinomine is also known to have rubidium from the lepidolite at Bikita, but we are not aware of any resource estimate.

If the option is exercised, ILC would, subject to confirming the resource as its own resource (and not a historical resource as it is presently treating it) have the largest known or at least the largest disclosed rubidium resource in Africa. The Company also has extensive rubidium resources in North America through its Raleigh Lake project in Ontario. Please refer to the Company’s ‘The Raleigh Lake Project – NI 43-101 Technical Report PEA’ dated January 18, 2024 by ERM Consultants Canada Ltd. and the seven named QPs in the report. This report was filed on SEDAR+ on 18 January, 2024.

John Wisbey, Chairman of ILC, stated: ‘This potential acquisition marks a significant advancement for ILC globally – particularly in Southern Africa. With this single transaction for a project that reached the Definitive Feasibility Study stage under JORC in 2020 and was upgraded in 2022, the Company would leapfrog, by several years, the development stage of other projects we are interested in, including those in Zimbabwe.’

‘Assuming the transaction goes ahead with ILC exercising its option, ILC will be well-positioned for an upswing in the lithium market, as well as strengthening its stance as one of the leading global players in the rubidium market and a company with some of the most significant cesium interests of any non-Chinese company.’

Babak Vakili Azar, P. Geo., a Qualified Person as defined by NI 43-101 and a consultant to ILC, has reviewed and approved the technical contents of this news release.

Notes on the Historical Estimate mentioned above

The mineral resource estimates presented in the table above (the ‘Historical Estimate’) were documented as subject to the following assumptions and parameters:

• There are multiple effective dates, reflecting work on various hard rock deposits and stockpiles over a four year period by multiple consulting groups.

• Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.

• Mineral Resources for hard rock deposits are reported at a block cut-off grade of ≥ 0.15% or 0.20% Li₂O for all oxidation types.

• Mineral Resources for stockpiles, dumps and tailings are reported at a 0.0% Li₂O cut-off grade.

• The analysis suite across the deposits and stockpiles was inconsistent and hence average element reporting across all deposits and stockpiles cannot be completed.

• Different components of the Karibib Project have been reported at different times through different consultancy groups, using different Competent Persons.

• The assumed mining method is by open cut.

• Cost, bulk density and recovery inputs used to report the Mineral Resource have varied over time, and relate to the different effective dates for those individual resources.

• Figures may not add up due to rounding.

The Historical Estimate reports categories of mineral resource using the terms ‘inferred mineral resource’, ‘indicated mineral resource’ and ‘measured mineral resource’ as ascribed under JORC Code (2012). These terms also have specific meanings ascribed to them by the Canadian Institute of Mining, Metallurgy and Petroleum, as the CIM Definition Standards on Mineral Resources and Mineral Reserves adopted by CIM Council, as amended. These standards are generally considered interchangeable in the global mining industry with key differences pertaining to disclosure being that NI 43-101 has more prescriptive requirements for the content of technical reports while JORC allows more flexibility in reporting but requires clear explanation of the basis for estimates.

The Historical Estimate is considered to be the most recent and pertinent technical disclosure regarding the Karibib project that is currently available to the Company. If the Company decides to exercise the option, the Company will review the technical reports utilizing Qualified Persons as defined by NI 43-101 to determine which, if any at all, of the mineral resource estimates require additional work to comply with the CIM Definition Standards on Mineral Resources and Mineral Reserves prior to advancing the project or undertaking the necessary work to upgrade or verify the Historical Estimate as current mineral resources or mineral reserves.

About International Lithium Corp.

International Lithium Corp. has exploration activities in Ontario, Canada, with intentions to expand into Southern Africa. It has projects at various stages, ranging from Definitive Feasibility Study at Rubicon in Namibia (note that ILC currently has an option only and is treating this as historic information at this point and not a current resource for ILC) to Preliminary Economic Assessment at Raleigh Lake (as noted above) to Pre-Drilling at Wolf Ridge. The primary target metals in Canada are lithium, rubidium and copper. There are three projects (two in Ontario and one in Ireland) in which ILC has sold its share but where we stand to receive future payments from either a resource milestone being achieved or from a Net Smelter Royalty. In Namibia the Karibib project contains lithium, rubidium and cesium.

While the world’s politicians are currently divided on the future of the energy market’s historic dependence on oil and gas and on ‘Net Zero’, there is in any scenario an ever increasing and significant demand for electricity driven by AI and data centres, and by a likely unstoppable momentum towards electric vehicles and grid-scale electricity storage. All these contribute to rising demand for lithium and copper as well as other metals. Rubidium is also a valuable critical metal that is strategic for high-precision clocks and for space technology. We have seen the politically driven and increasingly urgent wish by the USA, Canada, EU and other major economies to safeguard their supplies of critical metals and to become more self-sufficient. Our Canadian and Southern African projects, which contain lithium, rubidium, cesium and copper, are strategic in that respect.

Our key mission for the next decade is to generate revenue for our shareholders from lithium and other battery metals, as well as rare metals, while also contributing to the creation of a greener, cleaner planet and less polluted cities.

This includes optimizing the value of our existing projects in Canada as well as finding, exploring and developing projects that have the potential to become world-class deposits. We have announced that we regard Southern Africa as a key strategic target market for ILC and, in addition to Namibia, we have applied for and hope to receive EPOs in Zimbabwe. We hope to make further announcements on the portfolio developments over the next few weeks and months.

The Company’s interests in various projects now consist of the following, and in addition, the Company continues to seek other opportunities:

The Company’s primary strategic focus at this point is on the Raleigh Lake Project, comprising lithium and rubidium, and the Firesteel copper project in Canada, as well as obtaining EPOs and mineral claims in Zimbabwe. The Karibib projects in Namibia, including further development on the EPL there, will become a high focus if ILC exercises its option there.

The Raleigh Lake Project now encompasses 32,900 hectares (329 square kilometres) of mineral claims in Ontario and represents ILC’s most significant project in Canada. To date, drilling has occurred on less than 1,000 hectares of our claims. A Preliminary Economic Assessment was published for ILC’s lithium at Raleigh Lake in December 2023, with a detailed economic analysis of ILC’s separate rubidium resource still pending. Raleigh Lake is 100% owned by ILC, free from any encumbrances and royalties. The Raleigh Lake Project boasts excellent access to roads, rail, and utilities.

A continuing goal has been to remain a well-funded company to turn our aspirations into reality. Following the disposal of the Mariana project in Argentina in 2021, the Mavis Lake project in Canada in 2022, and the Avalonia project in 2025, ILC continues to achieve sufficient inward cash flow to be able to make progress with its exploration projects.

With the increasing demand for high-tech rechargeable batteries used in electric vehicles, electrical storage, and portable electronics, lithium has been designated ‘the new oil’ and is a key part of a green energy, sustainable economy. By positioning itself with projects that have significant resource potential and solid strategic partners, ILC aims to be one of the preferred lithium and rare metals resource developers for investors and to continue building value for its shareholders for the rest of the 2020s, the decade of battery metals.

On behalf of the Company,

John Wisbey
Chairman and CEO
www.internationallithium.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

Except for statements of historical fact, this news release or other releases contain certain ‘forward-looking information’ within the meaning of applicable securities law. Forward-looking information or forward-looking statements in this or other news releases may include: the timing of completion of any offering and the amount to be raised, the likelihood or otherwise of the Company exercising its option on Lepidico Mauritius, the outcome of arbitration involving Lepidico Namibia, the effect of results of anticipated production rates, the timing and/or anticipated results of drilling on the Karibib or Raleigh Lake or Firesteel or Wolf Ridge projects, the expectation of resource estimates, preliminary economic assessments, feasibility studies, lithium or rubidium or copper recoveries, modeling of capital and operating costs, results of studies utilizing various technologies at the company’s projects, the Company’s budgeted expenditures, future plans for expansion in Southern Africa and planned exploration work on its projects, increased value of shareholder investments in the Company, the potential from the Company’s third party earn-out or royalty arrangements, the future demand for lithium, rubidium, cesium and copper, and assumptions about ethical behaviour by our joint venture partners or third party operators of projects or royalty partners. Such forward-looking information is based on assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled ‘Risks’ and ‘Forward-Looking Statements’ in the interim and annual Management’s Discussion and Analysis which are available at www.sedarplus.ca. While management believes that the assumptions made are reasonable, there can be no assurance that forward-looking statements will prove to be accurate. Should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Forward-looking information herein, and all subsequent written and oral forward-looking information are based on expectations, estimates and opinions of management on the dates they are made that, while considered reasonable by the Company as of the time of such statements, are subject to significant business, economic, legislative, and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265688

Lode Gold Resources Inc (TSXV: LOD,OTC:LODFF) (OTCQB: LODFF) (‘LOD.V’ and ‘Lode Gold’) and its wholly owned subsidiary Fremont Gold LLC (‘Freemont’), have successfully completed the transfer of the Mine Safety and Health Administration (‘MSHA’) property MSHA individual identification number (‘MIIN’) for its wholly owned Pine Tree Josephine Mine.

This is a critical step toward reviving one of California’s most historically significant gold operations. Fremont is now in active discussions with prospective partners and investors to align the right technical, operational, and financial resources to bring the Pine Tree Josephine Mine (‘Freemont Mine’) back into production in a safe, sustainable, and profitable manner.

The transfer of the MIIN is a key regulatory milestone which ensures that the Company’s ownership and operational control of the Freemont Mine, a historically productive gold property with significant past production, are fully recognized by MSHA, paving the way for the next stage of its development and reactivation plans.

Upcoming catalysts for Lode at Fremont after this milestone are:

– 2025: channel sampling and drilling to upgrade resources to M&I (Measures and Indicated) based on NI 43-101 standards
– 2026: completion of PFS (Pre-Feasibility Study) engineering and metallurgy studies

About Lode Gold

Lode Gold is an exploration and development company with projects in highly prospective and safe mining jurisdictions in Canada and the United States.

In the United States, the Company is focused on its advanced exploration and development asset, the Fremont Mine in Mariposa, California. It has a recent 2025 NI 43-101 report and compliant Mineral Resource Estimate (‘MRE’) that can be accessed here https://lode-gold.com/project/freemont-gold-usa/

The Fremont Mine was previously mined until operations ceased due to mining prohibitions during WWII when its mining license was suspended. Only 8% of the resource identified in the 2025 MRE has been extracted. The Freemont Mine has exploration upside and mineralization is open at depth (three step-out holes at 1,300 meters hit structure and were mineralized) and on strike. This is a brownfield project with over 43,000 meters drilled, 23 kilometers of underground workings and 14 adits. The project has excellent infrastructure and is close to electricity, water, roads, railhead and port.

Recently, the Company completed an internal scoping study, with a strategic pivot to 100% underground mining. Previously, in March 2023, the Company completed an NI 43-101 Preliminary Economic Assessment (‘PEA’) with an open pit and underground combination mine. The NI 43-101 technical reports are available on the Company’s profile on SEDAR+ (www.sedarplus.ca) and the Company’s website (www.lode-gold.com)

In Canada, its Golden Culvert and WIN projects in Yukon, covering 99.5 square kilometres across a 27-kilometre strike length, are situated in a district-scale, high-grade gold mineralized trend within the southern portion of the Tombstone gold belt. A total of four RIRGS targets have been confirmed on the property. A National Instrument 43-101 technical report has been completed in May, 2024.

In New Brunswick, Lode Gold has created one of the largest land packages with its Acadian Gold JV Co., consisting of an area that spans 445 square kilometres and a 44-kilometre strike. McIntyre Brook covers 111 square kiloimetres and a 17-kilometre strike in the emerging Appalachian/Iapetus gold belt; it is hosted by orogenic rocks of similar age and structure as New Found Gold’s Queensway project. Riley Brook is a 335-square-kilometre package covering a 26-kilometre strike of Wapske formation with its numerous felsic units. An NI 43-101 technical report has been completed in August, 2024.

ON BEHALF OF THE COMPANY

Wendy T. Chan
CEO & Director

Cautionary Statement Regarding Forward-Looking Information

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the use of proceeds, advancement and completion of resource calculation, feasibility studies, and exploration plans and targets. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘potential’, ‘target’, ‘budget’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: the status of community relations and the security situation on site; general business and economic conditions; the availability of additional exploration and mineral project financing; the supply and demand for, inventories of, and the level and volatility of the prices of metals; relationships with strategic partners; the timing and receipt of governmental permits and approvals; the timing and receipt of community and landowner approvals; changes in regulations; political factors; the accuracy of the Company’s interpretation of drill results; the geology, grade and continuity of the Company’s mineral deposits; the availability of equipment, skilled labour and services needed for the exploration and development of mineral properties; currency fluctuations; and impact of the COVID-19 pandemic.

There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include a deterioration of security on site or actions by the local community that inhibits access and/or the ability to productively work on site, actual exploration results, interpretation of metallurgical characteristics of the mineralization, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, unknown impact related to potential business disruptions stemming from the COVID-19 outbreak, or another infectious illness, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators, including those described under the heading ‘Risks and Uncertainties’ in the Company’s most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265664