Newmont Exercises Participation Rights to Purchase Additional Shares of Metallic Minerals

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• Newmont has been a valued strategic shareholder since 2023, and the collaboration with their technical team via the IRA technical committee has been appreciated. The recently updated and expanded Allard resource remains open to expansion and the district-scale La Plata project has another 20 developing surface targets, which may represent additional porphyry centers. With financing activities complete, field programs are being initiated with additional updates to follow. The fundamentals for copper and critical minerals remain very strong and underscore La Plata's potential to emerge as a significant copper and precious metal resource and a strategic source of critical minerals in the U.S.

  60% confidence

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