Core Viewpoint - Eco (Atlantic) Oil and Gas Ltd. has announced the acquisition of JHI Associates, Inc. and a partnership with Navitas Petroleum LP, enhancing its position in the North Falkland Basin and expanding its exploration portfolio in the Atlantic Margin [1][2]. Transaction Highlights - The acquisition involves Eco acquiring 100% of JHI's shares based on an exchange ratio of 0.7054 common shares for each JHI share, valued at approximately US$52.3 million [1][2]. - Eco will issue up to 96,307,811 new common shares, resulting in JHI shareholders holding about 21.8% of Eco's issued share capital post-transaction [1][2]. - The acquisition is contingent upon several conditions, including a five-year extension of the PL001 licence from the Falkland Island Government [2][3]. Strategic Importance - The acquisition aligns Eco with Navitas, a strategic partner, and marks Eco's entry into the Falkland Islands, with immediate exploration plans on the PL001 licence [1][2]. - The Sea Lion Field, expected to produce first oil in 2028, enhances the commercial attractiveness of the PL001 licence, which is adjacent to this development [1][2]. - The transaction provides Eco shareholders with exposure to high-impact exploration and development opportunities in emerging hydrocarbon provinces [1][2]. Asset Overview - JHI's principal assets include a 35% working interest in the PL001 licence area and a 17.5% interest in the Canje Block offshore Guyana, which is under extension discussions with the Government of Guyana [1][2]. - The PL001 licence covers 1,126 km² and is located in water depths of 400-500m, with significant oil exploration potential supported by a 3D seismic survey [2][3]. Financial Aspects - JHI's cash balance at closing is expected to be a minimum of US$1.0 million, and the gross asset value of JHI as of December 31, 2025, was US$15.3 million [2][3]. - The acquisition is structured as a share-for-share transaction, with no cash consideration involved [2][3]. Management and Governance - Following the acquisition, JHI will have the right to appoint a nominee to Eco's board, enhancing governance and strategic oversight [3]. - The appointment of Mr. Frederick Cedoz as Vice President, Americas, is expected to strengthen Eco's management team with his extensive experience in the energy sector [3].

Core Viewpoint - Regulus Resources Inc. is advancing its Phase Two metallurgical test program with Nuton LLC, focusing on bio-leaching technologies for the AntaKori copper-gold project, while also progressing on an integrated resource estimate with Compañía Minera Coimolache S.A. for the Integrated Sulphide Project [1][4]. Nuton Phase Two Program - The Phase One program confirmed that AntaKori material is suitable for Nuton's proprietary sulphide bio-leaching technology [2]. - The Phase Two program is evaluating various conditions for optimal leaching of enargite-rich high-sulphidation mineralization, with the highest copper extraction achieved so far being 88.3% [3]. - Additional columns have been initiated to further refine the optimal conditions for leaching [3]. Integrated Sulphide Project - Regulus and Coimolache are collaboratively developing an integrated geological model for the Integrated Sulphide Project, which is a prerequisite for the resource estimate [4]. - SRK Peru has been contracted to complete the resource estimate, expected to be finalized by mid-year [4]. Company Insights - The CEO of Regulus expressed optimism regarding the results from the Phase Two program, highlighting the potential of Nuton's bio-leaching technology for both high-sulphidation and porphyry mineralization [5]. - The AntaKori project currently hosts indicated mineral resources of 250 million tonnes at a grade of 0.48% Cu, 0.29 g/t Au, and 7.5 g/t Ag, and inferred mineral resources of 267 million tonnes at a grade of 0.41% Cu, 0.26 g/t Au, and 7.8 g/t Ag [7].