A division of Chesapeake Bank since 1995, Chesapeake Payment Systems is headquartered at the Chesapeake Tech Center just outside of Williamsburg in Norge, Virginia, and provides payment acceptance and processing solutions for businesses throughout the bank's Virginia markets and across the United States through strategic partner relationships.

Porter brings more than 25 years of leadership experience in payments and financial technology. Throughout his career, he has driven growth, innovation, strategic partnerships, and business enablement while serving in leadership positions with REPAY, Visa ®, TSYS, and BlueSquare. His experience includes leading global initiatives focused on embedded finance, payment acceptance, and commercial strategy.

"We are excited to welcome Casey to Chesapeake Payment Systems and the Chesapeake Bank family," said Alex Jung, Chief Revenue Officer of Chesapeake Bank. "His deep industry expertise, proven leadership, and passion for innovation make him exceptionally well positioned to lead CPS into its next chapter. At the same time, we are incredibly grateful for Kate's dedication, vision, and leadership over the years. She has built a remarkable team and organization that has become a vital part of Chesapeake Bank's success."

"It has been an honor to serve alongside such talented teammates and partners throughout my career," said Kate Root. "What makes CPS special is the people. Together, we've built strong relationships, delivered meaningful solutions for businesses, and created a culture centered on service and innovation. I am tremendously proud of what we've achieved and excited about the future of CPS under Casey's leadership."

"Chesapeake Payment Systems has earned an outstanding reputation for client service, industry expertise, and strong partnerships," said Casey Porter. "I'm honored to join such an accomplished team and grateful for the opportunity to build on the success Kate and the organization have created. I look forward to working alongside our employees, clients, and partners as we continue to grow and deliver innovative payment solutions."

Porter joined the company in August 2026 and is already familiar to many within CPS, having worked closely with the organization for years through industry partnerships. He and Root will work together throughout the remainder of 2026 to ensure a smooth leadership transition.

ABOUT CHESAPEAKE BANK

Chesapeake Bank, founded in 1900, is a subsidiary of Chesapeake Financials Shares (CFS: CPKF), headquartered in the Northern Neck, also serving the Middle Peninsula, Williamsburg, Richmond, Chesterfield, and Hampton Roads communities. The company also offers card processing (Chesapeake Payment Systems) and accounts receivable financing (Flexent). Named by American Banker as one of the Top Community Banks since 2007, and a Best Bank to Work For since 2013, employing 290+. Visit: www.ches.bank and www.chesapeakefinancialshares.com.

Contact: Jeffrey M. Szyperski 1-800-434-1181

SOURCE: Chesapeake Financial Shares Inc.

Dr. Kaihui Yang, President and CEO of the Company, commented: "In past six months, we have planned further evaluation of bio-metallurgical technologies to produce market-ready battery-grade nickel and cobalt compounds, copper and platinum-group metals (PGE) from a low-cost, low-carbon footprint mine for the Ferguson Lake project."

"The plan is based on the results from the expanded bioleaching programs completed in 2025. The new tests confirmed high metal extraction of copper (87.7-90.6%), nickel (96.8-99.0%) and cobalt (96.9-99.3%) and PGEs (>80%) at low temperatures that would not require external heat energy and addition of acid (refer to Canadian North's News Release on October 7, 2025). Such a self-sustaining bioleaching system, when optimized, can significantly simplify the previously proposed poly-metallurgical processes for the Ferguson Lake Project."

"Canadian North plans at Ferguson Lake to collect large bulk surface mineralized samples for further bio-metallurgical testing, and to conduct exploration and definition drilling programs and engineering and environmental studies."

"The Company is actively communicating with investors and shareholders to raise funds for exploration, geotechnical, metallurgical and environmental programs to support the prefeasibility evaluation of the Ferguson Lake Project; and continues its engagement with the governmental agencies and local communities to update and upgrade permissions, permits and licenses required to advance project development."

First Six-Month of 2026 Highlights:

The Company also engaged in the following activities in the first half year:

• On April 15, 2026, the Company announced that it had elected to rely upon Coordinated Blanket Order 51 - 933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers ("CBO 51-933") and adopt semi-annual financial reporting. This news release is being filed pursuant to CBO 51-933.

• On April 28, 2026, the Company reported operational and financial results for the year ended December 31, 2025. During 2025, the Company continued evaluation of multiple metal processing technologies for the Ferguson Lake Ni-Cu-Co PGE Project. The team expanded the bio-metallurgical programs to produce market-ready battery-grade nickel and cobalt compounds, copper and PGE metals from a low-cost, low-carbon footprint mine, and achieved extraction rates of 99% nickel, 98% cobalt and 90.6% copper in the follow-up second set of lab-scale bioleaching tests on massive sulphides; recovered more than 80% of palladium and gold from the residues of the bioleaching tests. All base metals were extracted from each bioleaching tests at low temperatures of 52 - 65^oC without the addition of acid and external heat. Such a self-sustaining bioleaching system can significantly simplify the metallurgical process and signals strong potential for low energy consumption development of the Ferguson Lake project. The Management strengthened engagement with local governments, Indigenous communities and completed environmental sampling and analysis for updating and upgrading of licenses and permits. The team also increased communication with investors and potential partners to support the future mine development of the Ferguson Lake Project.

• On June 26, 2026, the Company announced the voting results for the election of its Board of Directors at its Annual and Special Meeting of Shareholders held on June 25, 2026, in Mississauga, Ontario. A total of 62,506,011 common shares were voted at the Meeting, representing 54.68% of the common shares outstanding. Shareholders approved the re-election of all Directors as listed in the Management Information Circular dated May 19, 2026, and the reappointment of MNP LLP, Chartered Professional Accountants, as auditors of the Company at a remuneration to be fixed by the directors. In addition, the resolution to ratify and approve the Company's Stock Option Plan was passed.

Subsequent Event

• On August 26, Canadian North announced that it has authorized and approved the issuance of a series of promissory notes designated as Series 1 Convertible Promissory Notes (each a "Note") for up to an aggregate principal amount of $2,000,000 to be repaid by the Corporation, together with interest at the rate of 10% per annum by July 31, 2027 (the "Financing"). The principal amount of each Note is convertible by the holders into Common Shares of the Corporation at a conversion price of $0.25 per Common Share, for an aggregate of up to 8,000,000 Common Shares of the Corporation. In that a director of the Corporation will be participating in the private placement. The proceeds will be used as working capital of the Company.

• On August 27, 2026, a director of the Company executed a subscription agreement for a Series 1 Convertible Promissory Note in the principal amount of $1,000,000. The principal amount bears interest at an annual rate of 10%, matures on July 31, 2027, and is convertible into Common Shares of the Company at a conversion price of $0.25 per Common Share. The transaction is subject to final acceptance by the TSX Venture Exchange.

For the six months ended June 30, 2026, The Company ended with cash and cash equivalents of $3,277 as of June 30, 2026 and reported a net loss and a comprehensive loss of $165,134 or $0.00 per share and $190,316 or $0.00 per share, respectively, for the six months ended June 30, 2026.

Qualified Person:

Dr. Trevor Boyd, P.Geo. and Technical Advisor for Canadian North Resources, a qualified person as defined by Canadian National Instrument 43-101 standards, has reviewed the technical content of this news release and has approved its dissemination.

About Canadian North Resources Inc.

Canadian North Resources Inc. is an exploration and development company focusing on the critical metals for the clean-energy, electric vehicles, battery and high-tech industries. The company is advancing its 100% owned Ferguson Lake nickel, copper, cobalt, palladium, and platinum project in the Kivalliq Region of Nunavut, Canada.

The Ferguson Lake mining property contains a substantial National Instrument 43-101 compliant Mineral Resource Estimate announced on March 19, 2024, which includes Indicated Mineral Resources of 66.1 million tonnes (Mt) containing 1,093 million pounds (Mlb) copper at 0.75%, 678Mlb nickel at 0.47%, 79.3Mlb cobalt at 0.05%, 2.34 million ounces (Moz) palladium at 1.10gpt and 0.419Moz platinum at 0.19gpt; and Inferred Mineral Resources of 25.9Mt containing 558Mlb copper at 0.98%, 333Mlb nickel at 0.58%, 39.6Mlb cobalt at 0.07%, 1.192Moz palladium at 1.43gpt and 0.205Moz platinum at 0.25gpt. In particular, 80% of the Indicated Mineral Resources is Open Pit with 52.7Mt at 0.65% copper, 0.43% nickel, 0.05% cobalt, 0.97gpt palladium and 0.17gpt platinum, which provides a solid Mineral Resource base for the initial development of a potential large mine. The Mineral Resource model indicates significant potential for resource expansion along strike and at depth over the 15 km long mineralized belt and a number of undefined mineralization zones and prospective areas. (Refer to "Independent Technical Report on the Mineral Resource Estimate for the Ferguson Lake Project, Nunavut, Canada ("the Technical Report")", prepared by SRK Consulting and Ronacher McKenzie Geoscience Inc., effective March 19, 2024, filed by the Company to SEDAR at http://www.sedar.com on May 3, 2024. The Technical Report has also been posted on the Company's website at www.cnresources.com.)

Further information please visit the website at www.cnresources.com,

or contact:

Dr. Kaihui Yang, President and CEO
Phone: 905-696-8288 (Canada)
1-888-688-8809 (Toll-Free)
Email: info@cnresources.com

Neither 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.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release, including statements which may contain words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions, and statements related to matters which are not historical facts, are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements, which reflect management's expectations regarding the Company's future growth, results of operations, performance, business prospects and opportunities, are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements.

These factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking statements. The Company believes that the expectations reflected in the forward-looking statements contained in this news release and the documents incorporated by reference herein are reasonable, but no assurance can be given that these expectations will prove to be correct. In addition, although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company undertakes no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law.

SOURCE: Canadian North Resources Inc.

Mr. Pearce became a director of the Company in April 2024, in connection with the Company's transaction with 92 Energy Ltd. ("92E").

"We thank Richard for his contribution to ATHA Energy," said Troy Boisjoli, CEO & Directors of ATHA Energy. "He was a critical part in ATHA's 2024 transactions with Latitude Uranium and 92E, helping ATHA transform into one of the most successful uranium exploration Companies globally. On behalf of the board and management, we wish him future success on Powerhaus Uranium."

Additionally, the Company announces that Erinn Broshko has been appointed as chair of the Compensation Committee and Suraj Ahuja has been appointed as a member of the Nominating and Corporate Governance in each case replacing Mr. Pearce.

The Company also announces that, further to its press release dated July 31, 2026, the Company has issued 340,136 common shares in the capital of the Company at a deemed price of US$0.735 (C$1.03)⁽¹⁾ to Queen's Road Capital Investment Ltd. ("QRC") as payment for US$249,999.96 (C$350,349.94)⁽¹⁾ in interest owing pursuant to the terms of the US$25,000,000 twelve percent convertible debenture issued to QRC on February 5, 2026.¹

About ATHA Energy

ATHA Energy is a uranium mineral exploration Company focused on advancing exploration at scale at its flagship Angilak Project in southern Nunavut, where ATHA controls 100% of the Angikuni Basin. ATHA offers significant exposure to uranium discovery, controlling the largest cumulative prospective exploration land package (6.8 million acres) across Canada's most prominent basins for uranium discoveries, and 10% carried interest exposure in key Athabasca Basin exploration projects operated by NexGen Energy Ltd. (TSX: NXE) and IsoEnergy Ltd. (TSX: ISO). ATHA is institutionally backed, led by a strategic investment from Queens Road Capital Investment (TSX: QRC).

For more information visit www.athaenergy.com and review ATHA's company profile on SEDAR+ at www.sedarplus.ca.

On Behalf of the Board of Directors

Troy Boisjoli, CEO, ATHA Energy Corp.

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.

For more information, please contact:

Troy Boisjoli
Chief Executive Officer
Email: info@athaenergy.com
Website: www.athaenergy.com
Phone: 1-(236)-521-0526

¹ (1)Converted to Canadian Dollar (CAD) based on July 30, 2026, conversion pricing.

SOURCE: ATHA Energy Corp.

VANCOUVER, BC / ACCESS Newswire / August 31, 2026 / CoTec Holdings Corp. (TSXV:CTH)(OTCQX:CTHCF) ("CoTec" or "the Company") today provided an update on the deployment of its commercial-scale Multi-Gravity Separator ("MGS") technology, a key enabler of the Company's strategy to generate revenue from improving mineral recovery at existing mining operations and historical tailings sites, including progress toward commissioning of the first SCMG2 unit purchased by Company and advancement of identified iron ore recovery opportunities. The SCMG2 is expected to form the cornerstone of CoTec's iron ore mineral recovery business and underpin the Company's path to commercialization and future revenue generation from ultra‑fine iron recovery.

CoTec's MGS strategy is supported by its exclusivity and collaboration agreement with Salter Cyclones Limited, the developer of the technology. The SCMG2 is currently being assembled at the SCL facility in the United Kingdom, with factory acceptance testing scheduled to commence in Q3 of this year. Following completion of testing the unit will be shipped to Corem in Québec, Canada, where it will serve as CoTec's commercial testing and demonstration platform. This platform is expected to support the evaluation, optimization and subsequent deployment of MGS technology across multiple iron ore and iron ore waste streams, providing a scalable route to commercial contracts.

Julian Treger, CEO of CoTec, commented "The SCMG2 represents an important step in CoTec's strategy to deploy technologies capable of improving resource recovery from existing mining operations and historical tailings. The combination of commercial-scale processing capability, exclusive rights in key markets and a growing pipeline of opportunities positions CoTec to accelerate deployment of this technology across a range of iron ore applications and to build a meaningful, high‑margin mineral recovery business over time."

Ian Daniels, Managing Director of Salter Cyclones Limited commented "The move to commercial deployment in iron ore is an important milestone for the technology. Our MGS has a long operating history in the recovery of fine and ultra-fine minerals and we look forward to continuing our collaboration with CoTec as it advances opportunities in the iron ore sector."

The MGS technology is designed to recover ultra-fine mineral particles that are typically not recovered through conventional gravity separation processes. The technology is particularly effective on fine particle streams below 150 microns and has historically been applied to the recovery of minerals including tin, chromium, copper and zinc. CoTec believes the technology has significant potential in iron ore applications where valuable mineralization is lost to tailings streams because of fine particle size characteristics, supporting both economic value creation and more sustainable use of existing mineral resources.

CoTec continues to advance evaluation of the technology at its Lac Jeannine project in Québec, where the MGS is being assessed as a means of recovering ultra-fine iron units from spiral tailings streams. The Company is also progressing discussions relating to iron ore tailings opportunities in Brazil, where available data indicates material characteristics that are well suited to MGS processing. Together with other identified opportunities, these initiatives are expected to contribute to a growing pipeline of prospective commercial projects for CoTec.

CoTec's MGS strategy is supported by its exclusivity and collaboration agreement with Salter Cyclones Limited, the developer of the technology. The agreement provides CoTec with exclusive worldwide rights for iron ore and iron ore waste applications using the SCMG2, as well as certain rights relating to future generations of the technology.

CoTec believes that the combination of commercial-scale equipment ownership, exclusive market rights, and access to a dedicated testing platform at Corem, provides a strong foundation for scaling its mineral recovery business. Unlike many beneficiation technologies that remain at pilot scale, the SCMG2 is a commercial operating system specifically designed to recover ultrafine particles that are often unrecoverable using conventional gravity separation equipment, enabling CoTec to offer iron ore producers a differentiated solution to unlock value from tailings and fine particle streams, and to generate incremental revenue from material that is currently treated as waste.

About CoTec

CoTec 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.

CoTec's mission is clear: accelerate the energy transition while strengthening strategic mineral supply chains for the countries we operate in. 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 and reclamation 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 differentiated platform at the intersection of technology, sustainability, and strategic materials.

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 Project, its mid-project update, future development, Project net present value, expected return on investment, life of mine, the ongoing Feasibility Study, the Project option exercise, the Project's critical minerals status potential, potential for production of higher-purity iron concentrate, the Company's participation in the industry's transition to new production methods and the Project in general, as well as management's expectations with respect to the Lac Jeannine investment and other current and potential future investments and the benefits to the Company which may be implied from such statements. Since forward-looking statements address future events and conditions that, by their very nature, 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; permitting requirements and delays; labour costs and shortages; uncertain supply and price fluctuations in materials; increases in energy costs; labour 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 Indigenous or social disruptions logistics and transportation availability or 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.sedarplus.ca. 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 press 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 press release.

SOURCE: CoTec Holdings Corp.

TORONTO, ON / ACCESS Newswire / August 31, 2026 / Nextech3D.ai (OTCQB:NEXCF)(CSE:NTAR)(FSE:EP2), an AI-first technology company focused on event technology and immersive digital experiences, today announced financial results for the first quarter ended June 30, 2026.

Q1 Fiscal 2027 Highlights

• Revenue increased approximately 101% year-over-year to $660,159, versus $328,092.

• Event technology revenue increased 47% to $400,252, versus $271,536.

• Event experience and services revenue totaled $210,934, versus nil in the prior-year period.

• Year over year Gross profit increased 79% to $530,294, versus $295,624.

• Gross margin remained strong at 80%, compared to 90% in the prior-year period.

• Net loss from continuing operations was $840,759, versus $497,763 in the prior-year period.

Management Commentary:

"The 273% increase in event experience and services revenue highlights the significant expansion and diversification of our revenue base. This growth, combined with disciplined financial management, positions us to improve operating leverage as we continue to scale," said Anum Waqas, CFO of Nextech3D.ai.

"We remain focused on maintaining financial discipline while converting our revenue momentum into stronger and more sustainable financial performance throughout Fiscal 2027."

"We are pleased to report approximately 101% year-over-year revenue growth in the first quarter of Fiscal 2027," said Evan Gappelberg, CEO of Nextech3D.ai.

"Our growth was driven by strong execution across both our event technology platform and our newly expanded event experience and services business. Event technology revenue grew 47%, while event services contributed more than $210,000 in revenue, demonstrating our ability to offer customers a complete end-to-end event solution."

"Importantly, our gross profit grew 79% to over $530,000, reflecting the strength of our business model and the value our solutions deliver to customers."

Building an AI-Powered Event Operating System

Nextech3D.ai continues to execute on its strategy of becoming a leading provider of AI-powered event technology solutions.

The Company believes the convergence of artificial intelligence, event management software, attendee engagement, registration technologies, mobile apps, and event services is creating a significant market opportunity. Through its Eventdex platform and expanding service offerings, Nextech3D.ai is positioning itself as a comprehensive event operating system for enterprise customers, associations, trade shows, conferences, and corporate events.

During the quarter, management continued to invest in product development, sales expansion, customer acquisition, and strategic initiatives designed to accelerate long-term growth.

Outlook

"We believe we are still in the early innings of a significant market opportunity," continued Gappelberg.

"The event technology market remains highly fragmented, creating a compelling opportunity for Nextech3D.ai to emerge as a category leader by combining software, services, and AI into a single integrated platform."

"Our sales pipeline continues to expand, our enterprise engagements are increasing, and our platform capabilities continue to strengthen. As we move through Fiscal 2027, we remain focused on accelerating revenue growth, increasing recurring software revenue, capturing market share, and creating long-term shareholder value."

A Message to Shareholders

"Over the past year, we have turned Nextech3D.ai into a company with a broader revenue base, a more complete product offering, and significantly larger market opportunity within the trillion dollar events industry expected to reach $2.5 trillion by 2035 according to Allied Research. The results we are reporting today reflect the early success of that strategy."

"We believe the foundation is now in place for sustained growth. The opportunity ahead is substantial, and our mission is clear: build the leading AI-powered Event Operating System and create meaningful long-term value for our customers, partners, and shareholders."

About Nextech3D.ai

Nextech3D.ai is an AI-first technology company focused on transforming how businesses create, manage and experience digital content, events and immersive environments. Through its portfolio of event technology, AI-powered solutions and spatial computing products, Nextech helps organizations modernize customer engagement and accelerate digital transformation.

For more information, visit Nextech3D.ai's investor relations website.

For Further Information:

Nextech3D.ai
Evan Gappelberg
CEO & Director
866-ARITIZE (274-8493)

Forward-Looking Statements

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Certain information contained herein may constitute "forward-looking information" under applicable securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects," "believes," "anticipates," "will," or variations of such words and phrases. Forward-looking statements in this release include, but are not limited to, statements regarding anticipated benefits of the partnership, future revenue opportunities, growth initiatives, software adoption, commercial expansion opportunities, recurring revenue generation, and future business performance. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated. Readers should not place undue reliance on forward-looking statements and forward-looking information.

SOURCE: NexTech3D.AI Corp

TORONTO, ON / ACCESS Newswire / August 31, 2026 / High Tide Resources Corp. ("High Tide" or the "Company") (CSE:HTRC) is pleased to provide assay results (Table 1) from its flagship Labrador West Iron Project (the "Project" or "Property"). The Project is located 20 km northeast and adjacent to the Iron Ore Company of Canada's ("IOC", majority-owned by Rio Tinto) Carol Lake Mine complex in Labrador City, NL (Figure 4).

Table 1: Significant Iron Intercepts of Oxide-Facies Iron Formation

The above are complete results from the drill holes received to date.
*Significant FeT (%) values are weighted length averages of continuous total iron greater than 18% and allowing for intervals up to 9 metres in width below this grade.
** True Widths are estimated to be 80 to 90% of drill core length
All holes were drilled vertical (-90 degrees) & UTM coordinates are NAD83 Zone 19N

Steve Roebuck, President & CEO of High Tide, commented: "This is how we grow the mineral resource: by drilling thick, near‑continuous intervals of iron‑oxide mineralization and stepping confidently into new ground. Drill holes 26LB0070 and 26LB0081 are more than 1100 metres apart and every hole drilled between them is well mineralized. Importantly, all seven holes reported here lie outside the current pit shell and are unconstrained by a boundary to the north by northeast. These are not isolated intercepts; nearby step‑out holes, for which assays are pending, display similar mineralization, demonstrating continuity and reinforcing the potential for significant resource expansion."

The Company has now completed 22 drill holes, with two more in progress. Total drilling exceeds 5,500 metres of HQ & NQ core, averaging roughly 250 metres per hole. Drill collar locations and section lines are shown on Figure 1, with vertical long section views shown on Figures 2 & 3.

Assays were completed at Activation Laboratories ("ActLabs") in Ancaster Ontario, which is independent of High Tide. At ActLabs, analysis followed a specific sample preparation protocol and analysis regime. In addition, sample standards were submitted every 20^th sample to ensure quality control and quality assurance consistent with CIM best practice methods.

Hydroelectric Power, Iron and the Western Labrador Trough Infrastructure Advantage

On July 21, 2026, the governments of Newfoundland and Labrador, Quebec and Canada jointly announced a new power generation and transmission agreement, under which the federal government committed over $1 billion to the construction of a Labrador West transmission line necessary to open new mining and other industrial projects in the Labrador Trough.

The Labrador Trough of western Labrador and adjoining Quebec constitutes Canada's primary iron producing district and is host to world-class deposits that have been mined for more than half a century. These have produced over 2 billion tonnes of iron ore to date and are considered to have very significant growth potential. The high quality of the deposits in the region allows for a wide range in product diversity, which includes premium concentrate and pellets, both blast furnace and direct reduction grades.

The Labrador West Iron Project is strategically located near the mining communities of Wabush and Labrador City in the province of Newfoundland & Labrador and Fermont, Quebec. The area is home to Champion Iron's shovel-ready Kami Deposit and Bloom Lake Mine, ArcelorMittal's Mont-Wright Mine, Tacora Resources' Scully Mine and Rio Tinto IOC's Carol Lake Mine.

The Wabush and Labrador City region is very well served with skilled labour and a highway as well as access to abundant low-cost hydroelectricity and a common carrier railway. The railway has 80 million tonnes per year of capacity for transport of iron products to the deep-water port of Sept-Îles, Quebec, which provides year-round access to global markets.

About High Tide

High Tide is focused on and committed to the development of mineral projects critical to infrastructure development using industry best practices combined with a strong social licence from local communities. High Tide owns a 100% interest in the Labrador West Iron Project which hosts a NI 43-101 Inferred mineral resource of 655 Mt at 28.84% Fe, as set out in the Company's technical report dated April 6, 2023 and is located adjacent to IOC's Carol Lake Mine in Labrador City, NL. This resource is exposed at surface and was pit constrained for an open-pit mining scenario. The Technical Report was filed on SEDAR on April 6, 2023, and was authored by Ryan Kressall, M.Sc., P.Geo., Matthew Herrington, M.Sc., P.Geo., Catherine Pelletier, P.Eng., and Jeffrey Cassoff, P.Eng.

The Company also owns a 100% interest in the Lac Pegma copper-nickel-cobalt deposit located 50 kilometres southeast of Fermont, Quebec.

Further details on the Company, including the NI 43-101 technical report on the Labrador West Iron property can be found on the Company's website at www.hightideresources.com.

Qualified Person

The technical information contained in this news release has been approved by Steve Roebuck,

P.Geo., Director, President and CEO of High Tide, who is a Qualified Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects."

For further information, please contact:

Steve Roebuck, P.Geo.
Director, President & CEO
Email: sroebuck@hightideresources.com

Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this news release.

Forward looking information

This news release includes statements ("forward-looking statements") containing "forward-looking information" which is 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. Forward looking statements in this news release include, but are not limited to, those concerning: developing the Labrador West Iron Project into the next stage of development, any expectation of growth of the Company's mineral resource or its potential, the planned construction of the Labrador west transmission line and any benefits which may be derived by the Company therefrom, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: commodity prices, supply chain disruptions, any failure of the Labrador West transmission line to progress as currently expected or at all, restrictions on labour and workplace attendance and local and international travel, failure to receive requisite approvals in respect of the foregoing, failure to identify addition or expand mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, 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 and other indigenous peoples, 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 applicable law.

SOURCE: High Tide Resources Corp.

379,000 oz Measured and Indicated; 131,000 oz Inferred

(NYSE AMERICAN:CMCL)(AIM:CMCL)(VFEX:CMCL)

SAINT HELIER, JE / ACCESS Newswire / August 28, 2026 / Caledonia Mining Corporation Plc ("Caledonia" or the "Company") is pleased to announce a maiden mineral resource estimate ("MRE") for its 100%-owned Motapa property in Zimbabwe.

The MRE is presented in accordance Canada's National Instrument 43-101 ("NI 43-101"), which is done on a 100% project basis. The Company expects to file an NI 43-101 technical report in respect of the MRE on SEDAR+ within 45 days.

Highlights

• Maiden measured and indicated mineral resource estimate of 7.8 million tonnes at a grade of 1.51 g/t, containing 379,000 ounces of gold at a cut-off grade of 0.5 g/t.

• Further inferred mineral resource estimate of 2.7 million tonnes at a grade of 1.48 g/t, containing 131,000 ounces of gold at a cut-off grade of 0.5g/t.

• $7.084 million exploration spend and an initial acquisition cost of $8.25 million, results in an exploration discovery and acquisition cost of $40.45 per ounce per measured and indicated resource ounce.

Commenting on the MRE at Motapa, Mark Learmonth, Chief Executive Officer, said:

"The maiden MRE at Motapa is a significant milestone for Caledonia and demonstrates the value created through our exploration activities over the past two years.

"The acquisition of Motapa was a highly strategic move and should be viewed in the context of our ownership of the adjacent Bilboes Gold Project. Bilboes is currently in development, with first gold production expected at the end of 2028, and already hosts substantial mineral resources. In addition, Bilboes itself remains highly prospective and we expect to evaluate and advance its broader exploration potential in due course.

"The identification of 379,000 ounces in the measured and indicated mineral resource categories, together with a further 131,000 ounces in the inferred mineral resource category, demonstrates the value created by the exploration work completed to date. Achieving this at an estimated combined exploration discovery and acquisition cost of approximately US$40.45 per measured and indicated ounce is particularly pleasing.

"This maiden mineral resource estimate supports our view that the combined Bilboes and Motapa properties may ultimately support a larger operation and/or extend the current planned production profile for Bilboes of 1.5 million ounces over a 10.8 year life of mine[1]. While considerable work remains to be completed, including further exploration, metallurgical test work, technical studies and economic evaluation, the proximity of the two properties presents a compelling long-term opportunity.

"Our immediate priority remains bringing Bilboes into production on schedule, with first gold expected in late 2028. At the same time, we expect to continue exploration at Motapa during the Bilboes construction period."

Overview

The mineral resource is predominantly located at Motapa North, which lies immediately adjacent to Caledonia's Bilboes Gold Project ("Bilboes"). Motapa's proximity to Bilboes creates the potential for synergies to exist between the two and for Motapa to contribute to the longer-term development of a broader mining area, although further exploration, metallurgical testing, technical studies and economic assessment will be required before any development decision is made.

The MRE represents three years of exploration in 2023, 2024 and 2025 at an aggregate cost of $7.084 million that has been focussed on the sulphide mineralisation below the historic open pits at Motapa North. Motapa consists of three main shear zones: Motapa North, Motapa Central and Motapa South. Caledonia acquired Motapa in November 2022 for a consideration of $8.25 million in cash and loan notes which have subsequently been repaid from Caledonia's internal cash generation.

The MRE does not include the results of the 2026 exploration campaign which continues on Motapa North and, during 2026, commenced on Motapa South and Motapa Central.

Enquiries

Resource Summary

The MRE is based principally on drilling completed at Motapa North and represents Caledonia's first mineral resource statement for the Motapa property. The estimate demonstrates both the continuity and scale of mineralisation identified through exploration to date and provides a foundation for future evaluation of development options and additional resource growth opportunities.

The following table provides the measured, indicated and inferred mineral resources estimates for Motapa in accordance with NI 43-101. A full mineral resource estimation report for Motapa is expected to be issued within 45 days.

Notes: 

1. Cut-off applied 0.5 g/t.

2. Commodity price of $3,000/oz for RPOEE.

3. Mineral resources are reported as 100% attributable to Caledonia. 

4. All orebodies are depleted for mining.

5. Mineral resources are reported in-situ.

6. Mineral resources are not mineral reserves and have no demonstrated economic viability.

7. Totals may not add due to rounding.

Qualified Person and Data Verification

Craig James Harvey, MGSSA, MAIG, Caledonia Vice President, Technical Services, has reviewed, approved and verified the scientific and technical information contained in this news release. Craig James Harvey is a "Qualified Person" as defined by each of (i) the Canadian Securities Administrators' National Instrument 43-101 - Standards of Disclosure for Mineral Projects and (ii) sub-part 1300 of Regulation S-K under the U.S. Securities Act of 1933, as amended ("S-K 1300").

The Qualified Person has verified the results disclosed in this news release through a review of the applicable assay certificates, sampling records and quality assurance and quality control data. Historical exploration results have been reviewed against historical records available to the Company. The Qualified Person has not independently verified all historical sampling and drilling procedures or all underlying historical assay data, but considers the historical information sufficiently reliable for the limited purpose of guiding the Company's current exploration activities.

Cautionary Note to United States Investors

The technical and scientific disclosure herein has been prepared in accordance with NI 43-101, which differs from the requirements adopted by the United States Securities and Exchange Commission (the "SEC") under S-K 1300. Accordingly, the estimates of mineral resources and other technical and scientific information contained herein may differ from the information that would be presented in accordance with S-K 1300. Pursuant to S-K 1300, an estimate of mineral resources on a material mineral property may not be disclosed in certain filings with the SEC, except pursuant to a technical report summary prepared in accordance with S-K 1300. The Company intends to file a technical report summary with the SEC, which will estimate mineral resources for the Motapa project in accordance with S-K 1300.

Glossary

Note: The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014 ("MAR") as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

Cautionary Note Regarding Mineral Resources

Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There is no certainty that all or any part of an Inferred Mineral Resource will be upgraded to an Indicated or Measured Mineral Resource category or converted into a Mineral Reserve.

Cautionary Note Concerning Forward-Looking Information

Information and statements contained in this news release that are not historical facts are "forward-looking information" within the meaning of applicable securities legislation that involve risks and uncertainties relating, but not limited, to Caledonia's current expectations, intentions, plans, and beliefs. Forward-looking information can often be identified by forward-looking words such as "anticipate", "believe", "expect", "goal", "plan", "target", "intend", "estimate", "could", "should", "may" and "will" or the negative of these terms or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Examples of forward-looking information in this news release include: the completion of first gold production at Bilboes, the ability for Bilboes to remain a highly prospective project, the ability to continue broader exploration of Bilbos, the expectation that the combined Bilboes and Motapa properties will support a larger planned production profile for Bilboes, the ability to bring Bilboes into production on schedule, the ability to continue exploring Motapa, the expected publication of technical reports, and the expected completion of further exploration, technical studies and economic evaluations. This forward-looking information is based, in part, on assumptions and factors that may change or prove to be incorrect, thus causing actual results, performance or achievements to be materially different from those expressed or implied by forward-looking information. Such factors and assumptions include, but are not limited to: failure to establish estimated resources and reserves, the grade and recovery of ore which is mined varying from estimates, success of future exploration and drilling programmes, reliability of drilling, sampling and assay data, assumptions regarding the representativeness of mineralization being inaccurate, success of planned metallurgical test-work, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and other factors.

Exploration results that include geophysics, sampling, and drill results on wide spacings may not be indicative of the occurrence of a mineral deposit. Such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classed as a category of mineral resource. A mineral resource that is classified as "inferred" or "indicated" has a great amount of uncertainty as to its existence and economic and legal feasibility. It cannot be assumed that any or part of an "indicated mineral resource" or "inferred mineral resource" will ever be upgraded to a higher category of mineral resource. Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into proven and probable mineral reserves.

Security holders, potential security holders and other prospective investors should be aware that these statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. Such factors include, but are not limited to: risks relating to estimates of mineral reserves and mineral resources proving to be inaccurate, fluctuations in gold price, risks and hazards associated with the business of mineral exploration, development and mining, risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards, employee relations; relationships with and claims by local communities and indigenous populations; political risk; risks related to natural disasters, terrorism, civil unrest, public health concerns (including health epidemics or outbreaks of communicable diseases such as the coronavirus (COVID-19)); availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining or maintaining necessary licenses and permits, diminishing quantities or grades of mineral reserves as mining occurs; global financial condition, the actual results of current exploration activities, changes to conclusions of economic evaluations, and changes in project parameters to deal with unanticipated economic or other factors, risks of increased capital and operating costs, environmental, safety or regulatory risks, expropriation, the Company's title to properties including ownership thereof, increased competition in the mining industry for properties, equipment, qualified personnel and their costs, risks relating to the uncertainty of timing of events including targeted production rate increase and currency fluctuations. Security holders, potential security holders and other prospective investors are cautioned not to place undue reliance on forward-looking information. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. Caledonia undertakes no obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

For a more detailed discussion of such risks and other factors that may affect the Company's ability to achieve the expectations set forth in the forward-looking statements contained in this news release, see the Company's latest Annual Report on Form 20-F, under the heading "Risk Factors", available on the SEDAR+ website at www.sedarplus.com or on EDGAR at www.sec.gov. The foregoing should be reviewed in conjunction with the information and risk factors and assumptions found in this news release.

[1] Refer to "Bilboes Gold Project Technical Report Summary" with effective date October 31, 2025 prepared by DRA Projects (Pty) Ltd and filed by the Company on EDGAR as an exhibit to a Form 6-K Report of Foreign Private Issuer on November 24, 2025 (the "Feasibility Study"); and "Bilboes Gold Project Feasibility Study National Instrument 43-101 Technical Report" with effective date October 31, 2025 prepared by DRA Projects (Pty) Ltd and filed by the Company on SEDAR+ on May 21, 2026.

SOURCE: Caledonia Mining Corporation Plc

SAINT HELIER, JE / ACCESS Newswire / August 28, 2026 / Following the announcements of encouraging underground drilling results at Blanket Mine in Zimbabwe ("Blanket") on June 23, 2025 and April 7, 2026, and surface exploration on July 23, 2026, Caledonia Mining Corporation Plc ("Caledonia" or "the Company") is pleased to announce a 22% increase to the underground measured and indicated mineral resource estimates ("M&I Resources") at Blanket to 2.178 million ounces of gold, contained in 17.7 million tonnes at a grade of 3.83 g/t.

Mineral resource estimates are presented under Canada's National Instrument 43-101 ("NI 43-101"), which is done on a 100% project basis. The Company intends to file an NI 43-101 technical report in respect of an increase in Blanket's mineral resource estimates with SEDAR+ within 45 days which will include a restated Life of Mine Plan resulting in a new mineral reserve estimate.

Highlights

• Increase in the underground M&I Resources at Blanket of 22% to 2.178 million ounces (December 31, 2023: 1.789 million ounces) of gold, reflecting the success of its underground drilling and development programmes.

• Measured mineral resources increased by 48%, demonstrating successful conversion of mineral resources into higher-confidence categories.

• Indicated mineral resources declared for surface oxide and transitional material of 22 thousand ounces of gold contained in 1,024 kt of ore at a grade of 0.69 g/t with further indicated mineral resources of 8 thousand ounces of gold contained in 228 kt of sulphide material at a grade of 1.07g/t.

• These mineral resource estimates provide increased confidence in Blanket's long-term production profile and form the basis for a revised Life of Mine Plan and a future mineral reserve update.

Commenting on the mineral resource estimates at Blanket, Mark Learmonth, Chief Executive Officer, said:

"Following the commissioning of the Central Shaft in 2021, Caledonia has used the increased operating capacity to re-start underground exploration, investing $3.733 million in deep drilling at Blanket over the last 6 years enabling the addition of 1.279 million ounces of measured and indicated ounces of gold (before depletion) - a discovery cost of $2.92 per ounce.

"This most recent mineral resource estimate at Blanket re-confirms that Blanket's mineralisation continues at depth with generally improving grades and widths and creates the potential to extend Blanket's mine-life by deepening its operations. A technical study to evaluate the optimal approach to further deepen Blanket's operations below the current depth of 1,100 meters below surface is well-advanced and is expected to be published towards the end of 2026.

"The newly discovered oxide ore-body at surface opens up the possibility of near-term incremental gold production from oxides. Metallurgical test work on the amenability of the oxide material to heap-leach processing demonstrates recoveries of up to 67%. Work will commence shortly on preparing a trial heap-leach pad and mining a 10,000 tonne sample. Application has been made for the necessary environmental approvals for an oxide mining and processing operation. Subject to the success of the evaluations and receipt of the necessary environmental approvals, oxide mining and processing may commence in the first half of 2027 with a target mining rate of 40,000 tonnes of ore per month.

"The discovery of the small sulphide resource below the new oxide resource was unexpected and requires further evaluation but could give rise to incremental gold production from sulphide material in the shallower portion of Blanket's underground operations - thereby increasing mine flexibility and reducing the pressure on the higher-volume production areas at depth. We will now assess the amenability of this material to processing through Blanket's existing metallurgical plant. If this is successful, the shallower expressions of the sulphide resource may be accessed by open-pit operations after the oxide overlay has been removed. Further exploration is planned during 2027 to identify whether the sulphide mineralisation extends deeper. If this exploration identifies a commercially viable resource, it may be accessed by extending the existing underground infrastructure on 7 Level (210 meters below surface) at the Sheet orebody which is approximately 200 meters from the new mineralised zone.

"Together, these developments demonstrate the untapped potential that remains within the Blanket mining area, and I look forward to providing further updates as these workstreams progress."

Enquiries

Underground

Caledonia has updated the Blanket underground mineral resource estimate published on May 15, 2024 (effective date of December 31, 2023) with data derived from the underground development sampling, run of mine drilling and the long hole exploration drilling programme to an effective date of June 30, 2026.

As per the announced drilling result information, the long hole exploration programme has proved particularly successful, together with underground development, in upgrading the mineral resource classification from inferred, through to indicated and ultimately into the measured mineral resource category.

The measured and indicated underground mineral resources at Blanket have increased by 22%, driven by a 16% increase in tonnes and a 5% increase in grade, to 2.178 million ounces of gold (December 31, 2023 M&I Resources = 1.789 million ounces).

The inferred underground mineral resources at Blanket have reduced by 30%, driven by a 21% decrease in tonnes and a 10% decrease in grade, to 0.748 million ounces of gold (December 31, 2023 inferred mineral resource = 1.061 million ounces). The reduction in inferred mineral resources largely reflects successful resource conversion into higher-confidence M&I Resource categories rather than depletion alone, demonstrating the effectiveness of Blanket's drilling programme in improving geological confidence across the deposit.

The decrease in the inferred mineral resources is due to the long hole drilling programme having focussed on the southern portion of the underground Blanket mineralised zones with recent drilling having been done from 30 (990 meters below surface) and 34 (1,110 meters below surface) levels to 34 level and beyond. Long hole drilling in the northern section of Blanket, incorporating Eroica and Lima, extends to between 30 and 34 level with limited information below 34 level. The long hole drilling programme will move to these areas as scheduled over the next two years.

The following table shows a comparison of the new measured, indicated and inferred mineral resource estimates with the previous mineral resource estimates in accordance with NI 43-101.

Notes: 

1. Cut-off applied 1.5 g/t.

2. 2.5% geological loss applied for measured, 5% for indicated and 10% inferred.

3. Commodity price of $3,000/oz for RPOEE.

4. Mineral resources are reported as 100% attributable to Caledonia. 

5. All orebodies are depleted for mining.

6. Mineral resources are stated inclusive of mineral reserves.

7. Mineral resources are reported in-situ.

8. Mineral resources are not mineral reserves and have no demonstrated economic viability.

9. Totals may not add due to rounding.

Surface

Following a period of successful surface trenching and reverse circulation drilling at Blanket, detailed in the announcement of July 23, 2026, a maiden surface mineral resource estimate is announced for Blanket. The exploration programme was designed primarily for the identification of shallow, near surface oxide and transitional material that may have the potential for low-cost heap leach processing.

The newly estimated surface mineral resource estimate highlights the potential for future near-surface mining opportunities and supports ongoing evaluation of lower-cost processing methods, including heap leach applications. No comparison is provided as this is the first surface mineral resource estimate reported for Blanket.

The following table provides the indicated and inferred mineral resource estimate for the oxide, transitional and sulphide mineralisation at Blanket in accordance with NI 43-101.

Notes: 

1. Oxide and transitional cut-off grade applied 0.30 g/t.

2. Sulphide cut-off grade applied 0.60 g/t.

3. No geological loss applied.

4. Commodity price of $3,000/oz for RPOEE.

5. Mineral resources are reported as 100% attributable to Caledonia. 

6. Mineral resources are reported in-situ.

7. Mineral resources are not mineral reserves and have no demonstrated economic viability.

8. Totals may not add due to rounding.

Qualified Person and Data Verification

Craig James Harvey, MGSSA, MAIG, Caledonia Vice President, Technical Services, has reviewed, approved and verified the scientific and technical information contained in this news release. Craig James Harvey is a "Qualified Person" as defined by each of (i) the Canadian Securities Administrators' National Instrument 43-101 - Standards of Disclosure for Mineral Projects and (ii) sub-part 1300 of Regulation S-K under the U.S. Securities Act of 1933, as amended ("S-K 1300").

The Qualified Person has verified the results disclosed in this news release through a review of the applicable assay certificates, sampling records and quality assurance and quality control data. Historical exploration results have been reviewed against historical records available to the Company. The Qualified Person has not independently verified all historical sampling and drilling procedures or all underlying historical assay data, but considers the historical information sufficiently reliable for the limited purpose of guiding the Company's current exploration activities.

Cautionary Note to United States Investors

The technical and scientific disclosure herein has been prepared in accordance with NI 43-101, which differs from the requirements adopted by the United States Securities and Exchange Commission (the "SEC") under S-K 1300. Accordingly, the estimates of mineral resources and other technical and scientific information contained herein may differ from the information that would be presented in accordance with S-K 1300. Pursuant to S-K 1300, an estimate of mineral resources or mineral reserves on a material mineral property may not be disclosed in certain filings with the SEC, except pursuant to a technical report summary prepared in accordance with S-K 1300. The Company intends to file a technical report summary with the SEC, which will contain an updated estimate of mineral resources and mineral reserves for Blanket, in accordance with S-K 1300.

Glossary

Note: The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014 ("MAR") as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

Cautionary Note Regarding Mineral Resources

Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There is no certainty that all or any part of an Inferred Mineral Resource will be upgraded to an Indicated or Measured Mineral Resource category or converted into a Mineral Reserve.

Cautionary Note Concerning Forward-Looking Information

Information and statements contained in this news release that are not historical facts are "forward-looking information" within the meaning of applicable securities legislation that involve risks and uncertainties relating, but not limited, to Caledonia's current expectations, intentions, plans, and beliefs. Forward-looking information can often be identified by forward-looking words such as "anticipate", "believe", "expect", "goal", "plan", "target", "intend", "estimate", "could", "should", "may" and "will" or the negative of these terms or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Examples of forward-looking information in this news release include, but are not limited to: the potential extension of Blanket's mine life through the deepening of operations, the potential commencement of oxide mining and processing operations in the first half of 2027, the attainment of targeted mining rates and the receipt of required environmental approvals, the opportunity for low-cost heap leaching operations of the near surface oxide material, with potential for a sulphide extension below any potential oxide open pit, the presence of a new orebody that has not previously been exploited by the underground mine, the expected publication of technical reports, the amenability of the oxide mineralisation to conventional heap leach processing, potentially offering a lower-cost route to extracting gold compared to underground mining, test work showing an acceptable recovery, the successful commencement of a trial heap leach operation, and the potential to develop a low-cost processing route for near-surface mineralisation providing an attractive opportunity to complement Blanket's existing underground operations and unlock additional value. This forward-looking information is based, in part, on assumptions and factors that may change or prove to be incorrect, thus causing actual results, performance or achievements to be materially different from those expressed or implied by forward-looking information. Such factors and assumptions include, but are not limited to: failure to establish estimated resources and reserves, the grade and recovery of ore which is mined varying from estimates, success of future exploration and drilling programmes, reliability of drilling, sampling and assay data, assumptions regarding the representativeness of mineralization being inaccurate, success of planned metallurgical test-work, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and other factors.

Exploration results that include geophysics, sampling, and drill results on wide spacings may not be indicative of the occurrence of a mineral deposit. Such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classed as a category of mineral resource. A mineral resource that is classified as "inferred" or "indicated" has a great amount of uncertainty as to its existence and economic and legal feasibility. It cannot be assumed that any or part of an "indicated mineral resource" or "inferred mineral resource" will ever be upgraded to a higher category of mineral resource. Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into proven and probable mineral reserves.

Security holders, potential security holders and other prospective investors should be aware that these statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. Such factors include, but are not limited to: risks relating to estimates of mineral reserves and mineral resources proving to be inaccurate, fluctuations in gold price, risks and hazards associated with the business of mineral exploration, development and mining, risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards, employee relations; relationships with and claims by local communities and indigenous populations; political risk; risks related to natural disasters, terrorism, civil unrest, public health concerns (including health epidemics or outbreaks of communicable diseases such as the coronavirus (COVID-19)); availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining or maintaining necessary licenses and permits, diminishing quantities or grades of mineral reserves as mining occurs; global financial condition, the actual results of current exploration activities, changes to conclusions of economic evaluations, and changes in project parameters to deal with unanticipated economic or other factors, risks of increased capital and operating costs, environmental, safety or regulatory risks, expropriation, the Company's title to properties including ownership thereof, increased competition in the mining industry for properties, equipment, qualified personnel and their costs, risks relating to the uncertainty of timing of events including targeted production rate increase and currency fluctuations. Security holders, potential security holders and other prospective investors are cautioned not to place undue reliance on forward-looking information. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. Caledonia undertakes no obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

For a more detailed discussion of such risks and other factors that may affect the Company's ability to achieve the expectations set forth in the forward-looking statements contained in this news release, see the Company's latest Annual Report on Form 20-F under the heading "Risk Factors", available on the SEDAR+ website at www.sedarplus.com or on EDGAR at www.sec.gov. The foregoing should be reviewed in conjunction with the information and risk factors and assumptions found in this news release.

SOURCE: Caledonia Mining Corporation Plc

• Consulting and advisory fees of $1.7 million for the fourth quarter of 2026, an increase of 76.3% from the same period in 2025

• Consulting and advisory fees of $4.3 million for the year ended May 31, 2026, a decrease of 10.7% from the same period in 2025

• Other expense, net of $171.6 million for the fourth quarter of 2026, an increase of 42.1% from 2025

• Other income, net of $23.5 million for the year ended May 31, 2026, a decrease of 91.3% from the same period in 2025

WHITE PLAINS, NY / ACCESS Newswire / August 27, 2026 / FRMO Corp. (the "Company" or "FRMO") (OTCID:FRMO) reported its financial results for the fourth quarter and fiscal year ended May 31, 2026.

FRMO's total book value as of May 31, 2026 was $647.2 million. Excluding the non-controlling interests, equity attributable to shareholders was $331.0 million ($7.52 per share). This compares with total book value at the prior fiscal year end on May 31, 2025 of $626.1 million. Excluding the non-controlling interests, equity attributable to shareholders was $327.9 million ($7.45 per share) at May 31, 2025.

The Company's consulting and advisory fees increased during the three months ended May 31, 2026 compared to the same period in the prior year due to fees earned from its royalty participation with Horizon Kinetics Holding Corporation. HKHC recognized significant incentive fees during the Company's quarter ended May 31, 2026.

Current assets, comprised primarily of cash and cash equivalents, amounted to $47.7 million as of May 31, 2026, and $46.3 million as of May 31, 2025. Total liabilities were $100.1 million as of May 31, 2026, and $99.8 million as of May 31, 2025, comprised primarily of deferred taxes and securities sold, not yet purchased.

FRMO's net loss attributable to the Company for the quarter ended May 31, 2026 was $45.6 million ($1.04 per diluted share), compared to a net loss of $26.6 million ($0.60 per diluted share) a year earlier. The equity security investment that primarily accounts for the net loss is identified as Investment A in Note 4 of the Consolidated Financial Statements under Investment Concentration.

For the year ended May 31, 2026, FRMO's net income attributable to the Company was $2.9 million ($0.07 per diluted share), compared to net income of $100.5 million ($2.28 per diluted share) a year earlier.

Net loss attributable to the Company excluding the effect of unrealized gain or loss from equity securities and digital assets net of taxes for the three months ended May 31, 2026 was $11.4 million ($0.26 per diluted share) compared to net income of $2.5 million ($0.06 per diluted share) for the three months ended May 31, 2025. The annual figures for the years ended May 31, 2026 and 2025, as of the same end dates, are a net loss of $7.0 million ($0.16 per diluted share) in 2026 compared to net income of $54.3 million ($1.23 per diluted share) in 2025.

Net income or loss attributable to the Company excluding the effect of unrealized gain or loss from equity securities and digital assets net of taxes is a measure not based on GAAP and is defined and reconciled to the most directly comparable GAAP measures in "Information Regarding Non-GAAP Measures" at the end of this release.

Valuation of securities and digital assets are subject to change after May 31, 2026. The market value of several securities and digital assets might have changed substantially since that date. We look forward to finding new ways to expand our digital assets mining operations.

The consolidated financial statements include the accounts of FRMO Corporation and its controlled subsidiaries (collectively referred to as the "Company"). As of May 31, 2026 and 2025, respectively, the Company held a 21.78% and 21.82% equity interest in Horizon Kinetics Hard Assets LLC ("HKHA"), a company formed by Horizon Kinetics Holding Corporation ("HKHC") or ("Horizon") and certain officers, principal stockholders and directors of the Company. The Company owns 4.42% of HKHC and earns substantially all of its advisory fees from HKHC (see Note 4 - Investments). Due to the common control and ownership between HKHA and the Company's principal stockholders and directors, HKHA has been consolidated within the Company's financial statements. The noncontrolling interest of 78.22% and 78.18% in HKHA has been eliminated from results of operations for the periods ended May 31, 2026 and 2025, respectively. Total stockholders' equity includes, as a separate item, the amount attributable to the noncontrolling interests.

Further details are available in the Company's Consolidated Financial Statements for the years ended May 31, 2026 and 2025. These statements have been filed on the OTC Markets Group Disclosure and News Services, which may be accessed at www.otcmarkets.com/stock/FRMO/filings. These documents are also available on the FRMO website at www.frmocorp.com.

Annual Meeting

Co-CEOs Peter Doyle and Steven Bregman, and David Arndt, CFO, will host the 2026 Annual Meeting of Shareholders (the "Annual Meeting") on Thursday, September 10, 2026 at 2:30 pm Eastern Time, to be held at:

Vinson & Elkins, L.L.P.
1114 Avenue of the Americas, 32nd Floor
New York, NY 10036
https://www.virtualshareholdermeeting.com/FRMO2026

To access the virtual Annual Meeting, please have your proxy card at hand and enter your unique 16-digit control number. Only shareholders with valid control numbers will be able to vote and ask questions via the electronic portal. Guests may register for the webcast by entering their first and last names and a valid email address. Shareholders and guests may submit questions in advance to info@frmocorp.com by 11:59 P.M. Eastern Time on Sunday, September 6, 2026.

Admission to the FRMO in person Annual Meeting is limited to stockholders who owned Common stock as of the close of business on July 14, 2026, the record date, or their duly appointed proxies, and one guest. Proof of ownership of FRMO stock and valid government-issued photo identification must be presented in order to be admitted to the physical Annual Meeting. Guests must also present valid government-issued photo identification. If your shares are held in the name of a bank, broker, or other holder of record, you must bring a brokerage statement or other proof of ownership (or the equivalent proof of ownership as of the close of business on the record date of the stockholder who granted you the Proxy). If your shares are held in certificate form, ownership will be verified by consulting the list of Registered Shareholders as of the record date. Registration will begin at 1:30 PM.

About FRMO Corp.
FRMO Corp. is an intellectual capital firm that provides consulting and advisory services in the asset management sector and engages in the mining of digital assets.

FRMO had 44,022,781 shares of common stock outstanding as of May 31, 2026.

For more information, visit our website at www.frmocorp.com.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 - With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. Words like "believe," "expect" and "anticipate" mean that these are our best estimates as of this writing, but that there can be no assurances that expected or anticipated results or events will actually take place, so our actual future results could differ significantly from those statements. Factors that could cause or contribute to such differences include, but are not limited to: our ability to maintain our competitive advantages, the general economics of the financial industry, our ability to finance growth, our ability to identify and close acquisitions on terms favorable to the Company, and a sustainable market.

Further information on our risk factors is contained in our quarterly and annual reports as filed on our website www.frmocorp.com and on www.otcmarkets.com/stock/FRMO/filings.

Contact

Thérèse Byars
Corporate Secretary
Email: tbyars@frmocorp.com
Telephone: 646-495-7337
www.frmocorp.com

Information Regarding Non-GAAP Measures

Net income or loss attributable to the Company excluding the effect of unrealized gain or loss from equity securities and digital assets is net income or loss attributable to the Company exclusive of unrealized gains or losses from equity securities and digital assets, net of tax. Net income or loss attributable to the Company is the GAAP measure most closely comparable to net income attributable to the Company excluding the effect of unrealized gain or loss from equity securities and digital assets.

Management uses net income or loss attributable to the Company excluding the effect of unrealized gain or loss from equity securities and digital assets, along with other measures, to gauge the Company's performance and evaluate results, which can be skewed when including unrealized gain or loss from equity securities and digital assets, which may vary significantly between periods. Net income or loss attributable to the Company excluding the effect of unrealized gain or loss from equity securities is provided as supplemental information, and is not a substitute for net income or loss attributable to the Company and does not reflect the Company's overall profitability.

The following table reconciles the net income or loss attributable to the Company excluding the effect of unrealized gain or loss from equity securities and digital assets to net income or loss attributable to the Company (in thousands) for the periods indicated:

SOURCE: FRMO Corp

The report highlights Nord's unique strategy of generating near-term cash flow through the reprocessing of historic silver tailings while simultaneously advancing one of Canada's largest consolidated high-grade silver districts. Emerging Growth Research believes Nord offers investors a compelling combination of near-term production potential, district-scale exploration upside, and a disciplined development strategy supported by high-grade silver assets and a streamlined permitting framework in Ontario.

Key Highlights

• Near-Term Silver Production Through the Gowganda Silver Tailings Project -- Nord's flagship Gowganda Silver Tailings Project is estimated to contain approximately 2.96 million ounces of silver (historical, non-compliant estimate). Because the material has already been mined and processed once, the project is expected to benefit from significantly lower capital and operating costs compared to conventional underground mining. The Company expects to complete a NI 43-101 compliant mineral resource estimate during the next six months, followed by an economic study supporting project financing and development.

• Ontario's New Recovery Permit Legislation Accelerates Development Timeline -- Ontario's Recovery Permit legislation, effective July 2025, creates an expedited permitting pathway for historic mine tailings projects, reducing approval timelines from years to approximately 80 days. Emerging Growth Research believes this regulatory change materially de-risks the Gowganda project while improving project economics and accelerating Nord's path toward potential production.

• District-Scale Exploration Portfolio Provides Significant Long-Term Upside -- Following its recent acquisitions, Nord controls more than 6,400 hectares within Ontario's historic Cobalt Camp, an area that has produced over 500 million ounces of silver. The Company now controls five historic mines, multiple tailings deposits, the Castle East discovery, and one of the largest consolidated land positions in the district's history. Emerging Growth Research believes future exploration success has the potential to substantially increase shareholder value beyond the Company's near-term production plans.

• Castle East Represents One of the World's Highest-Grade Historic Silver Deposits -- Nord continues advancing exploration at its Castle Property, where the Castle East deposit hosts a historic resource of approximately 7.5 million ounces of silver grading 8,582 g/t silver, making it one of the highest-grade known silver deposits globally. Ongoing drilling is targeting additional vein systems throughout the district with the goal of significantly expanding the known mineralized footprint.

The full company-sponsored research report on Nord Precious Metals Mining Inc. from Emerging Growth Research is available at:

https://storage.googleapis.com/accesswire/media/1213720/nord-precious-metal-initiation-71726-final.pdf

Or

https://emerginggrowth.com/profile/npmmf/ (on the right as you scroll down)

About Nord Precious Metals Mining Inc.

Nord Precious Metals Mining Inc. is a Canadian silver exploration and development company focused on advancing its Gowganda Silver Tailings Project toward near-term production while exploring its district-scale portfolio of high-grade silver assets within Ontario's historic Cobalt Camp. The Company also owns the fully permitted Temiskaming Testing Labs processing facility, providing additional strategic infrastructure as it advances its development plans.

About Emerging Growth Research

Emerging Growth Research, LLC ("EGR") is a research firm focused on emerging growth companies, including small-, micro- and nano-cap companies across healthcare, biotechnology, energy, metals and mining, technology and other emerging industries. EGR provides research reports, quarterly updates, flash reports and other investor-focused content covering emerging growth companies.

Emerging Growth Research also provides company-sponsored research services. The research referenced in this press release is company-sponsored research.

Contact:

Emerging Growth Research
Research@EmergingGrowth.com
www.EmergingGrowth.com

Forward-Looking Statements

This press release contains forward-looking statements concerning anticipated mineral resource estimates, permitting timelines, project development, exploration results, financing activities, commodity prices, production potential, and other future events. These statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Important risk factors include, but are not limited to, changes in silver prices, exploration and drilling results, permitting approvals, financing availability, metallurgical performance, mineral resource estimation, regulatory developments, and the Company's ability to successfully execute its development strategy.

Disclosure

This report was prepared for institutional and professional investors ONLY, and it is also known as Company Sponsored Research ("CSR"). Collectively, however ("EGR Report(s)").

Be advised that this EGR Report is being provided by Emerging Growth Research LLC ("EGR") solely for informational purposes, is not the opinion of EmergingGrowth.com ("EG"), should not be construed as an offer or solicitation to buy or sell securities, and should not be considered in any decision to buy or sell any security mentioned within the EGR Reports. All information contained in the EGR Report as well as on the EmergingGrowth.com website is obtained from sources believed to be reliable but not guaranteed to be accurate or all-inclusive, timely, or correct. The information includes certain forward-looking statements, which may be affected by unforeseen circumstances and / or certain risks. Because EGR is compensated as detailed herein and EG receives Licensing fees from EGR, as also detailed herein, EG and EGR have a conflict of interest and strongly urge you to consult your own independent financial, investment, tax, and legal advisors prior to purchasing or selling any securities mentioned herein.

The analyst that has prepared and is responsible for the content of this report has stated that neither he/she, nor any of his/her associates both professional and personal, to the best of his/her knowledge have no personal or professional relationship with any of the companies or principals of any companies mentioned within, other than providing services that EGR may offer.

EGR is being compensated by the subject Company of this report. EGR was paid US$25,000 dollars for the Research package which includes this report. EGR may have also received additional past compensation, EGR may receive future compensation, and EG may receive compensation for additional services such as presenting on the Emerging Growth Conference or investor or public relations services, details about which can be found in the full disclosure, here: (https://emerginggrowth.com/nord-egr-report-disclosure/).

It is the intent of EGR to provide continuing coverage on a quarterly basis, or otherwise for the subject Company of this report; however, EGR and EG will not notify readers of this report if coverage by EGR, for any reason is terminated.

The reader or user of this content agrees that neither EGR and / or EG nor the analysts, directors, officers, employees, representatives, independent contractors, agents or affiliates of EGR and EG shall be liable or held liable for any omissions, errors, or inaccuracies, regardless of cause, foreseeability, or the lack of timeliness of this or any of our other reports to users. This lack of liability extends to direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, losses, lost income, lost profit, or opportunity costs.

Again, all information contained herein should be independently verified by your own research and your own independent financial, investment, tax, and legal advisors prior to purchasing or selling any securities mentioned herein.

In addition to the specific disclosures mentioned herein, you are encouraged to read our general disclosure here: EmergingGrowth.com/Disclosure.

Rating Definitions

Buy, 30% or greater price appreciation in the next 12 months.

Buy-Extended, near-term EPS and/or revenue horizon is challenging with strong long-term appreciation possibility.

Buy-Emerging, initial stages with low revenue and the potential for large returns with higher risk and volatility.

Hold, perform similar to market.

Sell, 30% or more decline in the next 12 months.

© Copyright 2026 Emerging Growth Research LLC

No part of this material may be copied, photocopied, or duplicated in any form by any means or redistributed without the prior written consent of Emerging Growth Research LLC.© Copyright 2026 Emerging Growth Research LLC

SOURCE: Nord Precious Metals Mining Inc.

• Nord Precious Metal Initiation 7.17.26 (Final)