Wide, High-Grade Lithium Intercepts at Vega Zone, and New High-Grade Discovery at CV13

Core Insights - The 2025 drill campaign at the Shaakichiuwaanaan Property has yielded the best lithium intercepts reported to date from the high-grade Vega Zone, with significant spodumene mineralization identified [2][3] - A new high-grade lithium zone named "Helios" has been discovered at CV13, indicating ongoing exploration success beyond the Vega Zone [2][3] - The total drilling completed in 2025 amounted to 57,024 meters across 245 holes, with results for lithium and tantalum reported for 15,081 meters [5][24] Lithium Results - Notable lithium intercepts from the Vega Zone include: - 55.0 meters at 2.58% Li2O, including 29.9 meters at 4.11% Li2O (CV25-1006) - 24.7 meters at 4.00% Li2O, including 7.0 meters at 6.04% Li2O (CV25-1017A) - 31.2 meters at 2.07% Li2O, including 1.1 meters at 7.32% Li2O (CV25-1023) [5][20] - The Helios Zone has reported: - 8.8 meters at 2.97% Li2O, including 5.4 meters at 4.60% Li2O (CV25-984) - 6.4 meters at 2.61% Li2O, including 4.1 meters at 3.94% Li2O (CV25-977) [5][15] Tantalum and Caesium Results - Tantalum results are pending for several holes, with overlimit analysis triggered for multiple holes, including those in the newly discovered Helios Zone [2][10] - Core assay results for caesium are also pending for the CV13 Pegmatite, with significant overlimit analysis required [9][10] Geological Context - The Shaakichiuwaanaan Property is recognized as hosting one of the largest pegmatite mineral resources globally, with robust infrastructure support for year-round access [7] - The 2025 drilling campaign included extensive testing of multiple Li-Cs-Ta pegmatite prospects, contributing to a comprehensive understanding of the geological framework [8][25] Future Developments - The geological team is currently interpreting the 2025 drill hole data to enhance geological models for the CV5 and CV13 pegmatites, with plans for an updated economic study in the second half of 2026 [25] - An underground bulk sample of mineralized pegmatite at CV5 is currently being permitted, indicating a focus on advancing the project towards development [25]