Gaspé Copper Project

The Corporation's 100%-owned flagship copper development project on the Gaspé Peninsula of Québec, centered on the Copper Mountain porphyry-skarn deposit (with the Porphyry Mountain and Needle Mountain targets) hosting copper, molybdenum and silver mineralization. A current NI 43-101 technical report (effective November 4, 2024, filed January 2, 2025) reports pit-constrained mineral resources at a 0.12% Cu cut-off; resources are not reserves and lack demonstrated economic viability. The Government of Québec is participating through a committee to maximize regional socio-economic benefits. A 2025 drill program of 110,000 metres was designed to convert inferred resources to indicated/measured, test depth and southern (Needle Mountain) expansion, characterize higher-grade skarn zones and validate geological models, returning numerous wide intercepts including 1,117.5 m averaging 0.25% Cu. In December 2024 the Corporation acquired 199 adjacent claims for 5,000,000 shares and a 2% NSR royalty (half redeemable for $2,000,000). MRE pit optimization used US$4.00/lb copper, US$20.00/lb molybdenum, US$24.00/oz silver and a CAD:USD rate of 1.33.