Romios Gold Resources Inc. (TSXV: RG,OTC:RMIOF) (OTCID: RMIOF) (FSE: D4R) (‘Romios Gold’ or the ‘Company’). In advance of the Company’s Annual General and Special Meeting (‘AGSM’) scheduled for January 16, 2026, Romios’s new CEO Kevin Keough is pleased to recap for the benefit of shareholders recent accomplishments and provide context to key items to be voted upon at the AGSM – particularly the rebrand and proposed share consolidation – which are fundamentally important to the prospects for increasing the value of their individual shareholdings in 2026.

‘I became involved with Romios earlier this year, and took on, along with your capable president, Stephen Burega, the task of restructuring and rebranding the Company, and the considerable work and risk involved, solely because I see in the results of the exploration work conducted on the Company’s Trek South porphyry copper-gold prospect a highly compelling discovery prospect. I’m really excited by it, and very pleased to be heading up the team that intends to be, with your support, the first to drill it.

It’s clear that for the past many years the Company’s share price has remained at a low level due to the lack of a major discovery. I consider it my primary responsibility as CEO, and that of our team, to change that dynamic and provide in the year ahead at least one discovery of merit. Trek South is where we plan to start.

Over the past six months, significant steps have been completed to reinvigorate and position the Company with the above goal in mind. Recent accomplishments include: settling a significant amount of debt; reinvigorating the board with independent directors trained and experienced in corporate governance, geosciences and finance; reconstituting key committees of the board; closing two property deals that have injected significant cash into the Company; and completing an over-subscribed private placement financing with new money from myself and European and Canadian investors that has provided the working capital needed to ensure the Company continues as a going concern, while working through the restructuring process.

All of these accomplishments have been for the purpose of refocusing the Company’s efforts and resources on the Trek South prospect which we believe, based on the evidence highlighted below, shows promise of delivering a major discovery in the near term. I could not have done any of this alone, so thank you Stephen, and thanks also to our highly experienced VP Exploration, John Biczok, for the outstanding field work this summer, in which both Stephen and I had the pleasure of participating.

Remaining on our agenda are the key tasks scheduled to be voted upon at the AGSM on January 16. Firstly, approval of a name change to Oreterra Metals Corp. which goes hand-in-hand with the corporate make-over and is necessary to help re-establish the Company’s market appeal and renew the brand. The other major item on our agenda is the all-important share consolidation, which is a needed precursor to raising the financing required to carry out the initial phases of drilling at the Trek South prospect in the forthcoming 2026 field season.

These initial drilling phases and associated budgets will be detailed in an independent National Instrument 43-101 technical report on the Trek property for release later this month or very early in January. Using these metrics, the Company intends to price a post consolidated financing in the first week of January and to announce that financing, and the final consolidation ratio based upon that financing, ahead of the AGSM. The share consolidation, coupled with the outstanding discovery prospects at Trek South, will ensure a successful raise. All of these matters will be conditional upon shareholder approval, and the approval also of the TSX Venture Exchange.

The anticipated rollback will not change the value of our individual shareholder positions in the Company, nor your/our proportional ownership thereof, but rather provide the basis, along with the subsequent injection of new capital and the application of that capital to the maiden drill program at Trek South, for increasing – and potentially greatly increasing – the value of all of our shareholdings in the Company.

Your newly reinvigorated board is fully supportive of the plan and goals your team has set for the Company. With your support in favour of the resolutions advanced for voting at our AGSM on January 16^th, the year ahead may well turn out to be the most significant in the Company’s history.

I would be happy to discuss any of these matters directly with you, at my direct line below. In the meantime, I wish to leave you with the following bullets which summarize the case as to why Trek South ranks so highly as an exploration prospect.’

Kevin Keough
Chief Executive Officer
Romios Gold Resources Inc.

Why the Trek South prospect is exceptional:

1. Several hundred thousand square metres of mostly bare bedrock provide excellent visibility to the rocks underfoot. Exposure such as this is rare with greenfield BC porphyry prospects, and provides ‘touch and feel’ confidence that what our geoscience techniques suggests is there, really is;

2. Exposed underfoot throughout this vast area of bare bedrock is very strong alteration (i.e. changes in the rock mineralogy) typical of porphyry copper systems: i.e. an exceptionally intense network of green epidote – red garnet veining and endoskarn indicative of proximity to a source intrusion or system ‘engine’, overprinted by a stockwork of quartz-pyrite veining, and locally cross-cut by mineralized metre-scale porphyry dykes, possibly representing offshoots from the source intrusion itself;

3. Also easily visible to the eye across this large area of exposed bedrock are copper minerals such as chalcopyrite, chalcocite, local bornite, and copper weathering products including malachite and azurite;

4. Geochemical sampling and laboratory assaying of the host volcanic and sedimentary bedrock, and the overprinting quartz-pyrite veins, returns significant values of copper, gold and silver, in addition to local tungsten and molybdenum;

5. Underlying the broad area of alteration and the metal values is a very large (at least 850 metres long, 500 metres wide and extending to a depth of >650 metres), very strong induced polarization (IP) chargeability anomaly of 40 mV/v, indicating the presence of a large volume of sulphides in the bedrock below. In systems such as these, the sulphides typically are associated with the metals.

6. Coincident with the IP chargeability anomaly is a highly favourable, strong IP resistivity low;

7. Underlying the broad area of alteration and metal values and coincident with the IP anomalies is a very large (~850 X 850 metres), strong positive magnetic anomaly. In porphyry deposits a magnetic high anomaly is commonly associated with the potassically-altered, higher-grade core of the source intrusion;

8. Underlying the broad area of alteration and metal values, and coincident with both the IP and magnetic anomalies is a deep-running magneto-telluric (MT) anomaly, pointing to a large intrusive body running to a depth of at least 2 kms;

9. The topography across much of the area where the initial drilling is planned to occur, is flat to gently undulating, and completely devoid of vegetation, presenting easy drill set-ups, and minimizing environmental impacts. This, again, is to be envied in the context of B.C. mineral exploration where slopes are commonly steep, and/or heavily tree-covered;

10. The Trek South site is within several kilometres of the partially completed road (including a bridge, mothballed work camp and heavy equipment storage site) to the Galore Creek porphyry deposits which are currently close to completion of pre-feasibility studies by their owners, Teck and Newmont. Trek South is just 11 kms from the proposed Galore Creek millsite along that same road; just 1.5 km south and upslope from the cleared road right-of-way across the Trek property to Galore Creek, and within 3 to 7 kilometres of the proposed new access tunnel to Galore Creek, depending on the route chosen.

Qualified Person

The technical information in this news release has been reviewed and approved by John Biczok, P.Geo., Vice President, Exploration for Romios Gold and a Qualified Person as defined by National Instrument 43-101.

About Romios Gold Resources Inc.

Romios Gold Resources Inc. is a TSXV-listed mineral exploration company focused primarily on copper and gold. The Company has crafted an ambitious business plan to advance Romios, primarily by refocusing its efforts on achieving discoveries through the drill bit. The Company holds several wholly-owned porphyry copper-gold prospects in British Columbia’s Golden Triangle, the most significant of which is the Trek South prospect, upon which a range of geosciences applied to it in the period since 2022 including mapping, sampling, magnetic, IP and MT geophysical surveys, have delivered high-order, complementary results that all vector to the same conclusion: that the target area offers high discovery potential. A drill permit is in place and an updated NI 43-101 with plan and budget is under preparation. Trek South is located adjacent to Teck-Newmont’s Galore Creek deposits, presently undergoing pre-feasibility studies, and is bisected by the road right-of-way thereto. First-ever drilling of Trek South is planned for the 2026 field season.

Additional wholly-owned interests include two former producers in Nevada: the Kinkaid claims in the Walker Lane trend covering numerous shallow Au-Ag-Cu workings over what is believed to be one or more porphyry centres (source: J.Biczok, P.Geo, June 2025, Kinkaid Gold-Copper-Silver Project, www.romios.com), and the Scossa mine property in the Sleeper trend which is a former high-grade gold producer (source: J.Biczok, P.Geo, July 2025, Scossa Historic Gold Mine Property, www.romios.com). The Company also holds a 100% interest in the large-scale Lundmark-Akow Lake Au-Cu property adjacent to the northwest of the Musselwhite Mine, where drilling by the Company has produced highly encouraging, broad VMS-style Au-Cu intersections. Romios also retains an ongoing interest in several properties including a 2% NSR on McEwen Mining’s Hislop gold property in Ontario and a 2% NSR on Enduro Metals’ Newmont Lake Au-Cu-Ag property in BC.

For further information visit www.romios.com or contact:

 

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.

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain ‘forward-looking statements’ which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as ‘believes’, ‘anticipates’, ‘expects’, ‘estimates’, ‘may’, ‘could’, ‘would’, ‘will’, or ‘plan’. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277997

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Texas Facility Expansion Increases Magnet Capacity, Supports Domestic Critical-Minerals Supply Chains and Increases Post-Tax NPV to US$780 million (forecast prices) and US$409 million (current prices)

VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / December 15, 2025 / CoTec Holdings Corp. (TSXV:CTH,OTC:CTHCF)(OTCQB:CTHCF) (‘CoTec’ or the ‘Company’) is pleased to note today’s press release by HyProMag USA, LLC (‘HyProMag USA’), its U.S.-based joint venture rare earth permanent magnet recycling and manufacturing company.

HyProMag USA announced that it has expanded the magnet capacity of its first facility (the ‘Texas Hub’ or the ‘Project’) and has updated the valuation of the Project with the completion of the Class 2 AACE ^[i] capital cost estimate as part of the Detailed Engineering Design and Value Engineering Phase (the ‘Detailed Design’). The Class 2 AACE capital cost estimate and detailed value-engineering work confirm a significant increase in magnet production capacity and materially improved Project economics.

In parallel, HyProMag USA has commenced a strategic review to evaluate a potential separate listing in the U.S. for late 2026 or early 2027, subject to successful execution of the Project and meeting the required regulatory approvals.

Key Highlights

• Uplift in project valuation: Detailed Engineering results for state-of-the art rare earth magnet recycling and manufacturing operation in the United States with a Texas Hub supported by two pre-processing spoke sites co-located at Intelligent Lifecycle Solution (‘ILS’) sites in South Carolina and Nevada ^[ii] :

  • US$409 million post-tax Net Present Value (‘NPV’) ^[iii] and 27.6% real internal rate of return (‘IRR’) based on current market prices ^{[iv], [v]}

  • US$780 million post-tax NPV and 38.7% real IRR based on forecast market prices ^[vi]

• Increased magnet production capacity: 941 metric tons per annum of recycled sintered NdFeB magnets and 611 metric tons per annum of associated NdFeB co-products (total payable capacity – 1,552 metric tons NdFeB) over a 40-year operating life

• Competitive operating profile: Low all-in sustaining cost (‘AISC’) ^{Xii, [vii]} of US$22.3 per kg of NdFeB product versus current weighted average market price of US$56.8 per kg of NdFeB products, with significant scope for price recovery from current market conditions

• Scalable design with expansion potential: The optimized layout allows for the inclusion of an additional two furnaces within three years following commissioning for an additional capital cost of approximately US$3 million

• Up-front capital cost: Total initial capital cost of US$142 million ^[viii] (inclusive of an 8.2% contingency margin and Class 2 AACE estimated detailed design study and engineering costs) over a one-year construction phase

• Attractive payback ^[ix] profile:

  • Payback at current market prices in 3.1 years at a profitability index (‘PI’) ^[x] of 2.89

  • Payback at forecast prices in 2.2 years at a PI of 5.5

• Industrial and workforce impact: The Plant ^[xi] is expected to support revitalization of the U.S. magnet sector and create 90-100 skilled magnet manufacturing jobs

• Feedstock security: HyProMag USA is continuing to develop its feedstock sources and supply through its partnership with ILS ^[xii]

• Detailed Engineering: led by PegasusTSI Inc. (U.S.) and BBA USA Inc. (Canada), with support from HyProMag’s international teams and the University of Birmingham

Julian Treger, CoTec CEO commented: ‘We are very pleased with the results of the Detailed Design to date and the resulting increase in magnet capacity and improved economics of the Texas Hub, the first of several hubs targeted by HyProMag USA. We believe that the Project provides a unique opportunity for the U.S. to partially address its dependence on foreign supplied rare earth magnets and alloy powders, critical inputs for accelerating the reshoring of U.S. manufacturing. With the Texas site secured through a long-term lease, Detailed Design well advanced and robust economics, our focus is now on securing sufficient feedstock and the necessary finance to commence with construction.

We have also started evaluating the pathway towards a potential U.S. listing, recognizing the opportunity to broaden our investor base and strengthen access to capital. Any listing would be subject to a successful execution of the Project and securing the necessary regulatory approvals. We expect that the timing of a U.S. listing, if pursued, would be towards late 2026 or early 2027.’

Detailed Design and Project Economics Update

The Detailed Design, undertaken by a multidisciplinary team appointed by CoTec and Mkango and led by independent engineers, PegasusTSI and BBA, is now circa 30% complete and part of the study to date included an optimization of the operation as well as an updated capex profile. This has resulted in an increase in the post-tax NPV of the Project from US$262 million and an IRR of 23% based on current estimate prices to an NPV of US$409 million and an IRR of 27.6%. Using forecast market prices the post-tax NPV of the Project increases from US$503 million and an IRR of 31% to a post-tax NPV of US$780 million and an IRR of 38.7%.

The main driver of the increased economics was the debottlenecking of the magnet lines resulting in an increase in magnet production from circa 750 metric tons of magnets to 941 metric tons of magnets per annum. Furthermore, the Project is expected to provide 611 metric tons of NdFeB alloy co-products per annum. The average market price of NdFeB magnets increased by circa US$10 per kg Product from the feasibility study. NdFeB alloy co-products make up 39% of overall production compared to 28% in the feasibility study with the additional third Hydrogen Processing of Magnetic Scrap (‘HPMS’) vessel, resulting in an increase in average market price of all NdFeB Products from US$55 per kg Product to US$57 per kg Product.

The Detailed Design review also resulted in an increase in capex for the Project from US$135 million to US$142 million due to the addition of magnet finishing equipment and advanced Grain Boundary Diffusion (‘GBD’) techniques. GBD allows the Texas Hub greater operational flexibility to make grades of magnets with higher coercivity (>20 kOe), which are capable of operating at higher temperatures.

Potential Future U.S. Listing

HyProMag USA’s owners, CoTec Holdings Corp. (TSXV: CTH,OTC:CTHCF; OTCQB: CTHCF) (‘CoTec’) and Mkango Resources Ltd. (AIM/TSX-V: MKA) (‘Mkango’) believe that a separate listing of the shares of HyProMag USA in the U.S. could potentially provide it with access to a broader investor audience, increased sources of potential capital, increased research coverage from U.S. investment banks and institutions at a critical time of rebuilding U.S. critical mineral supply.

HyProMag USA has begun engaging with prospective advisors to evaluate this pathway. Any listing-if ultimately pursued, would depend on:

• Successful execution of the Texas Hub

• Prevailing market conditions

• Its ability to meet U.S. regulatory requirements and secure necessary approvals

While no decision has been made, HyProMag USA expects that any possible listing would occur no earlier than late 2026 or early 2027.

Data Verification

The independent engineers are professional engineers employed by Pegasus TSI, BBA, and Weston Solutions who are responsible for engineering design, processing, infrastructure, transportation, services, capital costs, operating costs, project timeline, permitting and economic analysis. The independent engineers have reviewed and approved the scientific and technical content and the resulting impact on the economics of the Project contained in this news release.

About HyProMag USA

HyProMag USA LLC is owned 50:50 by CoTec Holdings Corp. (TSXV: CTH,OTC:CTHCF; OTCQB: CTHCF) (‘CoTec’) and HyProMag Limited. HyProMag Limited is 100% owned by Maginito Limited which is owned on a 79.4%/20.6% basis by Mkango Resources Ltd. (AIM/TSX-V: MKA) and CoTec.

For more information, please visit www.hypromagusa.com

About CoTec

CoTec Holdings Corp. (TSX-V:CTH)(OTCQB:CTHCF) is redefining the future of resource extraction and recycling. Focused on rare earth magnets and strategic materials, CoTec integrates breakthrough technologies with strategic assets to unlock secure, sustainable, and low-cost supply chains for the United States and its allies.

CoTec’s mission is clear: accelerate the energy transition while strengthening U.S. economic and national security. By investing in and deploying disruptive technologies, the Company delivers capital-efficient, scalable solutions that transform marginal assets, tailings, waste streams, and recycled products into high-value critical minerals.

From its HyProMag USA magnet recycling joint venture in Texas, to iron tailings reprocessing in Québec, to next-generation copper and iron solutions backed by global majors, CoTec is building a diversified portfolio with long-term growth, rapid cash flow potential, and high barriers to entry. The result is a game-changing platform at the intersection of technology, sustainability, and strategic materials.

For more information, please visit www.cotec.ca

For further information, please contact:

Braam Jonker – (604) 992-5600

Forward-Looking Information Cautionary Statement

Statements in this press release regarding the Company and its investments which are not historical facts are ‘forward-looking statements’ which involve risks and uncertainties, including statements relating to the Company’s interest in HyProMag USA, the potential future value of HyProMag USA and its potential future listing in the United States and management’s expectations with respect to its current and potential future investments, including HyProMag USA, and the benefits to the Company which may be implied from such statements. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements, due to known and unknown risks and uncertainties affecting the Company, including but not limited to resource and reserve risks; environmental risks and costs; labor costs and shortages; uncertain supply and price fluctuations in materials; increases in energy costs; labor disputes and work stoppages; leasing costs and the availability of equipment; heavy equipment demand and availability; contractor and subcontractor performance issues; worksite safety issues; project delays and cost overruns; extreme weather conditions; and social and transport disruptions. For further details regarding risks and uncertainties facing the Company please refer to ‘Risk Factors’ in the Company’s filing statement dated April 6, 2022, a copy of which may be found under the Company’s SEDAR+ profile at www.sedar.com. The Company assumes no responsibility to update forward-looking statements in this press release except as required by law. Readers should not place undue reliance on the forward-looking statements and information contained in this news release and are encouraged to read the Company’s continuous disclosure documents which are available on SEDAR+ at www.sedarplus.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 news release.

[i] Association for the Advancement of Cost Engineering (AACE) – Class 2 Estimate includes contingency of 8.2%

[ii] https://hypromagusa.com/hypromag-usa-expands-feedstock-supply-agreementwith-global-electronics-recycler-intelligent-lifecycle-solutions/

[iii] 7% real discount rates. NPVs are calculated by discounting real US dollar cash flows from 2026

[iv] Current market prices (‘Current Prices’) for all NdFeB products sold in the U.S, excluding residual scrap, derived from updated U.S. 2024 price quotes, over the life of the asset

[v] NPV does not include the economic benefit of any government or state incentives, carbon pricing

[vi] Forecast market prices (‘Forecast Prices’) are the prices for all NdFeB products sold in the U.S, excluding residual scrap feed, with the rare earth price component thereof derived from the latest rare earth oxide price forecasts from Q4 (2025) Adamas Intelligence, over the life of the asset

[vii] All In Sustaining Cost per kilogram of product sold

[viii] Capital excludes any U.S. tariffs

[ix] Payback defined as the period required to payback initial capital from first production

[x] The profitability index is a measure of the capital efficiency of a project and is defined as the project’s NPV divided by the project capital incurred to reach first production

[xi] https://hypromagusa.com/hypromag-usa-finalizes-long-term-lease-for-dallas-fort-worth-rare-earth-magnet-recycling-and-manufacturing-hub/

[xii] https://www.cotec.ca/news/hypromag-usa-expands-feedstock-supply-agreement-with-global-electronics-recycler-intelligent-lifecycle-solutions

[xiii] https://cotec.ca/news/hypromag-usas-iso-compliant-product-carbon-footprint-study-confirms-exceptionally-low-co2-footprint-of-235-kg-co2-eq-per-kg-of-ndfeb-cut-sintered-block

^[Xii] AISC is not a recognizes term under IFRS and have been determined using industry guidelines and practices

SOURCE: CoTec Holdings Corp.

View the original press release on ACCESS Newswire

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Capital raise supports upcoming drill program targeting newly identified uranium system along Namibia’s premier uranium corridor

ReeXploration Inc. (TSXV: REE) (FSE: K2I0) (‘ReeXploration’ or the ‘Company’) is pleased to announce a private placement for aggregate gross process of up to $1,000,000 (the ‘Financing’) to support the next phase of exploration at its Eureka Project located in Namibia’s Erongo Mining District, the country’s premier uranium corridor. Proceeds from the financing will be used primarily to fund a drill program designed to test a newly identified and highly-prospective uranium target in early 2026, along with general working capital.

As disclosed in the Company’s press releases dated December 12, 2025, and November 12, 2025, the Company identified a new large scale uranium target immediately southwest of the Eureka Dome. The discovery is on trend to major uranium deposits like Rössing, Husab, Etango, Omaholo, and Norasa in an area host to one of the world’s most prolific uranium belts.

The Financing will comprise of up to 9,090,910 shares of the Company (each, a ‘Share‘) at $0.11 per Share. To facilitate the Financing, the Company has entered into an agreement with Numus Capital Corp., a registered Exempt Market Dealer, to act as agent for the Financing. The Company has agreed to pay to the agent a cash fee equal to 7% of proceeds raised and to issue compensation warrants entitling the agent to purchase that number of Shares as is equal to 7% of the Shares from investors introduced by the agent, except on subscriptions received from directors, officers, and employees of the Company and their affiliates and associates. Each compensation warrant will be exercisable into a Share of the Company at $0.11 per share for a period of 24 months from closing.

Completion of the Financing is subject to the satisfaction of certain conditions, including the approval of the TSX Venture Exchange, and all securities issued pursuant to the Financing will be subject to a four-month and one day hold period.

The engagement of Numus Capital Corp. and the Financing may constitute Related Party Transactions under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (‘MI-61-101’). The Company is relying upon an exemption for shareholder approval required under section 5.7(1)(a) of MI 61-101 on the basis that any related party elements of such transactions would not exceed 25% of market capitalization of the Company.

About ReeXploration Inc.

ReeXploration (TSXV: REE) (FSE: K2I0) is a Canadian exploration company positioned to help meet surging global demand for secure, responsible supplies of critical minerals essential to the clean energy transition, advanced technologies and national defense. The Company’s flagship Eureka Project in central Namibia pairs a technically proven rare earth foundation – supported by the production of a clean, Western-standard monazite concentrate – with a newly defined, high-priority uranium target located within one of the world’s most established uranium corridors. Together, these commodities provide multi-path discovery potential aligned with accelerating global efforts to diversify critical mineral and nuclear fuel supply. Supported by a Namibia-based technical team and guided by global critical minerals experts, ReeXploration is advancing a disciplined, discovery-led strategy, building a credible, ESG-aligned platform positioned to benefit from the global race to diversify and secure responsible supply chains.

Caution Regarding Forward-Looking Information

This press release may contain forward-looking information. This information is based on current expectations and assumptions (including assumptions relating to general economic and market conditions) that are subject to significant risks and uncertainties that are difficult to predict. Actual results may differ materially from results suggested in any forward-looking information. ReeXploration does not assume any obligation to update forward-looking information in this release, or to update the reasons why actual results could differ from those reflected in the forward-looking information unless and until required by securities laws applicable to ReeXploration. Additional information identifying risks and uncertainties is contained in the filings made by ReeXploration with Canadian securities regulators, which filings are available at www.sedarplus.ca.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278004

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Perth, Australia (ABN Newswire) – Locksley Resources Limited (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) announced the appointment of Lieutenant General (Ret.) Mark C. Schwartz as Strategic Advisor – U.S. Government Initiatives, strengthening the Company’s engagement across U.S. defense, national security, and federal funding programs.

HIGHLIGHTS

– Lieutenant General (Ret.) Mark C. Schwartz appointed as Strategic Advisor to advance U.S. Government Initiatives

– Brings 33+ years of senior U.S. military leadership, including JSOC, SOCOM-Europe and U.S. Security Coordinator roles

– Appointment of new strategic advisor supports Locksley’s pursuit of DPA Title III, DoD, and DOE funding pathways for critical mineral onshoring

– Provides strategic guidance on integrating Locksley’s antimony supply into defence, aerospace, and prime contractor applications

– Enhances Locksley’s standing within U.S. national security circles during a period of heightened focus on reducing Chinese dependency for critical minerals

– Appointment supports Locksley’s positioning of the Desert Antimony Project as an immediate and credible U.S. supply solution

– Appointment of Lieutenant General (Ret.) Mark C. Schwartz reinforces ‘Locksley’s U.S Mine to Market’ strategy, targeting production of ingots, trisulphide, trioxide, and other downstream defence-grade products

Lieutenant General Schwartz served more than 33 years in the U.S. Army, including senior leadership roles as:

– U.S. Security Coordinator for Israel and the Palestinian Authority

– Commander, Special Operations Command – Europe

– Deputy Commanding General, Joint Special Operations Command (JSOC)

– Deputy Commander, Special Operations Joint Task Force Afghanistan

Experience Directly Aligned with U.S. Critical Minerals Priorities:

– Oversaw complex bilateral and multilateral security operations, including U.S. coordination with allied forces across the Middle East and Europe, ensuring integrated strategic planning and operational readiness

– Led major U.S. strategic assistance, force readiness, and interoperability programs, providing experience directly relevant to the United States’ efforts to secure domestic supply chains and strengthen critical minerals resilience His career has centered on advancing U.S. national security interests, joint force readiness, and strategic operations.

Experience Aligned with the Strategic Role:

As Strategic Advisor, Lieutenant General Schwartz will support Locksley’s U.S. government engagement strategy, specifically:

– Advancing Locksley’s DPA Title III and related Department of Defense and Department of Energy funding pathways;

– Supporting Locksley’s positioning within the National Defense Stockpile framework for antimony and other critical minerals;

– Providing strategic guidance on U.S. initiatives to onshore or friend-shore critical mineral supply chains;

– Supporting downstream integration of Locksley’s antimony products into defence, aerospace, and prime-contractor applications, including trisulphide, alloys, and other strategic materials.

His appointment directly complements Locksley’s progress toward establishing the United States’ first modern, integrated Mine-to-Market antimony supply chain.

Lieutenant General (Ret.) Mark C. Schwartz commented:

‘Throughout my career, my purpose has been to lead and protect U.S. national security interests across the globe. Today, one of the most significant strategic vulnerabilities facing the United States is our reliance on foreign often adversarial sources of critical minerals.

Onshoring and friend-shoring materials like antimony is essential for U.S. military readiness, industrial resilience, and protection against coercive threats, including the risk of China cutting off supply.

I look forward to working with Locksley to further articulate the importance of their antimony project, and to accelerate the immediate opportunities it presents for strengthening America’s defence and strategic materials base.’

Kerrie Matthews, Managing Director & CEO, commented:

‘Lieutenant General Schwartz brings unparalleled strategic insight into U.S defense operations and national security frameworks. His experience in operating at the highest levels of U.S. defense and government and allied commence will significantly strengthen Locksley’s engagement across defense, aerospace and strategic materials sector.

His appointment will materially strengthen our engagement across federal departments, funding agencies, and prime defence contractors at a time when the U.S. is prioritising secure domestic supply of critical minerals. This expertise will be invaluable as Locksley advances it integrated Mine to Market strategy.’

Strategic Context:

The appointment comes at a time when the United States is rapidly accelerating efforts to rebuild domestic capability in critical minerals through programs such as DPA Title III, the Industrial Base Expansion program, the National Defense Stockpile Modernization initiative, and emerging federal procurement pathways for strategic materials. These initiatives collectively represent one of the largest U.S Government commitments to critical minerals, one of the largest Lieutenant General Schwartz’s expertise will support Locksley in navigating these programs as the Company advances its ‘U.S Mine to Market’ strategy for antimony.

About Locksley Resources Limited:

Locksley Resources Limited (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) is an ASX listed explorer focused on critical minerals in the United States of America. The Company is actively advancing exploration across two key assets: the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley Resources aims to generate shareholder value through strategic exploration, discovery and development in this highly prospective mineral region.

Mojave Project

Located in the Mojave Desert, California, the Mojave Project comprises over 250 claims across two contiguous prospect areas, namely, the North Block/Northeast Block and the El Campo Prospect. The North Block directly abuts claims held by MP Materials, while El Campo lies along strike of the Mountain Pass Mine and is enveloped by MP Materials’ claims, highlighting the strong geological continuity and exploration potential of the project area.

In addition to rare earths, the Mojave Project hosts the historic ‘Desert Antimony Mine’, which last operated in 1937. Despite the United States currently having no domestic antimony production, demand for the metal remains high due to its essential role in defense systems, semiconductors, and metal alloys. With significant surface sample results, the Desert Mine prospect represents one of the highest-grade known antimony occurrences in the U.S.

Locksley’s North American position is further strengthened by rising geopolitical urgency to diversify supply chains away from China, the global leader in both REE & antimony production. With its maiden drilling program planned, the Mojave Project is uniquely positioned to align with U.S. strategic objectives around critical mineral independence and economic security.

Tottenham Project

Locksley’s Australian portfolio comprises the advanced Tottenham Copper-Gold Project in New South Wales, focused on VMS-style mineralisation

Source:
Locksley Resources Limited

Contact:
Kerrie Matthews
Chief Executive Officer
Locksley Resources Limited
T: +61 8 9481 0389
Kerrie@locksleyresources.com.au

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(TheNewswire)

Vancouver, Canada, December 12, 2025 TheNewswire – Spartan Metals Corp. (‘ Spartan ‘ or the ‘ Company ‘) (TSX-V: W | OTCQB: SPRMF | FSE: J03) announces, effectively immediately, it has terminated the previously announced (November 17, 2025) investor relations agreement with ValPal Management Consultancy.

About Spartan Metals Corp.

Spartan Metals is focused on developing critical minerals projects in well-established and stable mining jurisdictions in the Western United States, with an emphasis on building a portfolio of diverse strategic defense minerals such as Tungsten, Rubidium, Antimony, Bismuth, and Arsenic.

Spartan’s flagship project is the Eagle Project in eastern Nevada that consists of the highest-grade historic tungsten resource in the USA (the past-producing Tungstonia Mine) along with significant under-defined resources consisting of: high-grade rubidium; antimony; bismuth; indium; as well as precious and base metals. More information about Spartan Metals can be found at www.SpartanMetals.com

On behalf of the Board of Spartan

‘Brett Marsh’

President, CEO & Director

Further Information:

Brett Marsh, M.Sc., MBA, CPG

President, CEO & Director

1-888-535-0325

info@spartanmetals.com

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

Copyright (c) 2025 TheNewswire – All rights reserved.

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Rio Silver Inc. (the ‘Company’ or ‘Rio Silver’) (TSX.V: RYO,OTC:RYOOF) (OTC: RYOOF) announces that, following regulatory approval, the closing of the previously-announced transaction (the ‘Transaction’) with Peruvian Metals Corp. (‘Peruvian’) to acquire 100% of the issued and outstanding common shares of Mamaniña Exploraciones S.A.C. (the ‘Subsidiary’), a Peruvian corporation, which holds mining rights in the Maria Norte project (the ‘Maria Norte Property’) located in Peru. The details and the terms of the Transaction are summarized in the Company’s previous press releases on March 26, June 25 and September 17, 2025.

Pursuant to the terms of the Transaction, on closing, Rio Silver has acquired from Peruvian 100% of the issued and outstanding common shares of the Subsidiary. In consideration, Rio Silver issued to Peruvian 3,999,999 common shares of the Company, representing 9.27 of the Company’s issued and outstanding share capital (accounting for the recent 5:1 share consolidation completed on July 3, 2025), and, in addition, under the terms of the Transaction, the Company is required to pay an aggregate of US$250,000 by making semi-annual payments to Peruvian over a period of five years commencing on June 15, 2025. To date, the Company has made the following cash payments (i) CDN$15,000 upon signing; (ii) US$22,500 upon an amendment; and (ii) US$25,000 option payment on June 15, 2025, resulting in US$225,000 payable in remaining option payments.

A geological report prepared in accordance with National Instrument 43-101 in respect of the Maria Norte Property will be filed at the Company’s profile on SEDAR+.

ON BEHALF OF THE BOARD OF DIRECTORS OF Rio Silver INC.

Chris Verrico
Director, President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

For further information,

Christopher Verrico, President, CEO
Tel: (604) 762-4448
Email: chris.verrico@riosilverinc.com
Website: www.riosilverinc.com

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required by applicable laws.

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