Questcorp Mining Inc. (CSE: QQQ,OTC:QQCMF) (OTCQB: QQCMF) (FSE: D910) (the ‘Company’ or ‘Questcorp’) along with its partner Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY0) (‘Riverside’), is pleased to announce a new discovery of potential Carlin-like gold mineralization at the Luis Hill target within the La Union Project in Sonora, Mexico.

Initial drilling in the Luis Hill target returned a 42m @ 0.3 g/t gold drill-width intersection of sediment-hosted gold mineralization in black shales and carbonate strata—a style not previously recognized at the Union Project. This was the only hole drilled into the Luis Hill target during the initial H2 2025 drill program.

Highlights of the Drill Program:

• Target Reporting: This release reports results from Luis Hill, Famosa, and Famosa Mag targets.
• New Discovery: Discovery of previously unknown Carlin-like gold mineralization in black shales and carbonate strata at Luis Hill, returning 0.3 g/t gold over 42m. Results to date show sulfides, mineralization types, and intrusions aligned with a carbonate-hosted metal system.
• Program Scale: Completed 12 core holes totaling >1,600 m across six targets: the past-producing Union, Union Norte, and Famosa Mine, as well as Cobre, Luis Hill, and Famosa EM.
• Assays Pending: Over 700 half-core samples have been shipped; further assays are pending for Union, Union North and Cobre targets.
• Strategic Orientation: Holes were oriented at angled and near-vertical positions to cut stratigraphy and structures typical of Carbonate Replacement Deposit (CRD) systems, focusing beneath oxidized horizons generally <150 m in depth.

Questcorp President & CEO, Saf Dhillon stated, ‘We are incredibly pleased with the work from the team at Riverside Resources. This story is starting to evolve quite efficiently, especially considering a first phase of drilling is more of a data gathering process that is utilized primarily to hone future work programs. Hitting a number of gold anomalies in the early stages is very promising as we continue to work towards making a new potential discovery in the rich Sonora Gold Belt. I believe 2026 could be an inflection point for the success and growth of both Questcorp and Riverside!’

Figure 1- Luis Hill cross section with drill hole 9.

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Table 1- Assay results table with gold for Luis Hill hole 9, Famosa Area holes 4, 5, 10, 11, 12.

Riverside CEO, John-Mark Staude, states,

‘Riverside is pleased to be working with Questcorp on the Union Project and these first 6 drill holes, representing half of the program so far is exciting and sets up for the next news release of the next 6 holes of the overall 12-hole program. Hole 9 into the Luis Hill exploration target is an exciting start finding a new western area that has scale and could be a great step for the program. Drilling at Famosa was positive for the structure and further drilling is warranted along strike north and south for over 1 km is wide open for discovery there and past assay results in earlier news releases of high-grade gold and past mining, make the Famosa area a priority as well. We are excited for a good 2026 and next exploration phase at Union.’

Luis Hill Target Detail

Hole 9 was drilled vertically in the southern area of a large, 1,500m by 500m magnetic high Luis Hill target. While Hole 9 did not hit an obvious large magnetic source, however several magnetic dioritic dikes which may be emanating from a deeper, larger magnetic source likely intermediate composition intrusion were intersected. The discovery interval consists of gold in siliceously replaced jasperoid-like dolomite and silica flooded black shale, which is similar to some sediment hosted gold deposits in Nevada (USGS Prof Paper 1267, 1985). The discovery, a new finding for this part of Sonora, is important for both the property and in the region as it shows the potential for previously unknown sediment hosted gold inside of one of the most prolific gold belts in Mexico, the Sonora Gold Belt – also referred to as the Megashear Gold Belt in past scientific studies. Folding and Basin and Range block faulting is expected to bring the mineralized formations closer to surface for 2026 H1 drilling within the magnetic target area. The Companies feel Luis Hill has the potential to become a major new discovery in Mexico.

The discovery interval of 0.3 g/t gold over 42 metres included 23 assay intervals ranging in width from 0.45m to 2m, with assays ranging from 0.005 g/t to 1.31 g/t gold. Fifteen intervals returned gold values in excess of 0.1 g/t, with three in excess of 0.5 g/t.

Table 2- Full Assay Interval for UND25-009 Discovery Intersection.

Figure 2- Cross section Famosa Mine area with 4 holes intersecting mineralized horizon that is the downdip projection from the Famosa mine and remains open for further drilling along strike north-south and further down dip to the west. Note the map shows how drill holes are projected onto a simplified single plane for schematic purposes.

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Famosa Mine and Famosa EM Target

This release is also reporting results from the 5 holes drilled at the Famosa Mine and the Famosa Electro-Magnetic (‘EM’) target. Drilling at the Famosa mine focussed on extensions of the CRD mineralization, where past mining and the geology and structure indicate a manto horizon. One hole tested the EM Target located 500 m west of the Famosa Mine workings.

Four core holes tested a west-dipping dolomite manto target and adjacent structures in the Famosa Mine Area, where historical small-scale mining left surface dumps. Dump sampling reported highlight gold grades in excess 0.5 oz/t (>15 g/t) gold as detailed in the May 7, 2025, technical report found under Questcorp’s profile on SEDARplus. Holes were drilled at angles toward the east to intersect the target as close to perpendicular as practical and to evaluate continuity of alteration and mineralization with intrusive dikes and breccias noted in the core logging. A drill width intersection of 1.85m @ 0.345 gold, starting at 39m, on the down dip projection from the horizon at the Famosa Mine 70^o CRD shaft was recorded in Hole 5.

Hole 10 tested the Famosa EM target, intersecting the favorable dolomitic stratigraphy. The Famosa drilling results will be followed up.

The summary collar and drilling information for all 12 holes and 1625m drilled in Phase 1 is provided in the table below.

Table 3- Drill collar information with the bolded and italicized holes are in this news release.

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https://images.newsfilecorp.com/files/10197/280127_3a05f3b904909978_003full.jpg

Figure 3- Map of the location of the Luis Hill and Famosa areas among the other areas that were drilled and results will be coming next from the other target areas when available.

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Geological Model and Strategy

The H2 2025 Phase I program was designed to test primary areas of historical mining and key magnetic targets. The program followed the geological model of the South 32 Taylor deposit in southern Arizona. Drilling intersected gold, zinc, and silver indications consistent with vectors toward a major discovery.

Furthermore, the sediment-hosted gold style found at Luis Hill is comparable to Nevada’s carbonate platform geology, making it an intriguing new development area for the Union Project.

Sampling Procedures and QA/QC

Core was logged, saw-cut, and half-core samples were shipped for analysis. Samples from the first eight holes were delivered to Bureau Veritas (Hermosillo, Sonora) for gold fire assay, with pulps forwarded to Vancouver, Canada for Inductively Coupled Plasma-Mass Spectrometry (‘ICP-MS’) following four-acid digestion to determine silver, base metals, and pathfinders. Samples from the final four holes were shipped to ACT Labs Zacatecas, where preparation, gold assay, and multi-element ICP are completed in Mexico. The final 4 holes of the program were shipped to ACT Labs where they were similarly assayed using the same processing methods but with their initial preparation and assaying completed in Zacatecas, Mexico using the same ICP and gold fire assay methods. The change in lab halfway through the program was due to assay turn around issues. Samples were maintained in chain of custody being delivered to the laboratory in sealed bags. Remaining half-cores are retained for reference.

Standards were inserted every 20 samples and blanks every 100 samples. The laboratory also did duplicates every 20 samples as additional check on the quality control. The QA/QC was analyzed with a check for any variations in the standards beyond 2 standard deviations and the standards passed.

Next Steps

After all assays are interpreted and released, the Companies will work together on organizing the H1 2026 Phase 2 exploration program, building from the Phase I exploration results. Along with follow-up drilling, Phase 2 will likely include geophysics, geochemistry and mapping. The results announced here are exciting for the western Luis Hill area, which has never seen prior drilling, although small scale mines indicate potential locations. Based on these drill results, a focused follow-up is strongly warranted at Union for this target, as well as other targets.

The Companies are diligently working toward an expanded drill program for H1 2026, as all permits and access are in good standing. With the new data, targets will be ready to explore, with the potential to immediately begin field work portions early this year.

The Company will release the next set of drill results once a QA/QC review is completed.

Qualified Person:

The technical content of the new release has been reviewed and approved by R. Tim Henneberry, P.Geo (British Columbia), a director of the company and a qualified person under National Instrument 43-101.

The Union Agreement

Questcorp currently holds an option to earn a 100% interest in the Union Project with business terms announced May 6, 2025, and align Questcorp and Riverside through Riverside being a share owner initially 9.9% of Questcorp and upon earn-in Riverside will become a 19.9% share owner and retain a 2.5% NSR.

About Questcorp Mining Inc.

Questcorp Mining is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The company holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 1,168.09 hectares comprising the North Island copper property, on Vancouver Island, B.C., subject to a royalty obligation. The company also holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 2,520.2 hectares comprising the La Union project located in Sonora, Mexico, subject to a royalty obligation.

Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding completion of survey work at the North Island Copper project. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280127

Rzolv Technologies Inc. (TSXV: RZL) (the ‘Company’ or ‘RZOLV’) today announced the results of independent metallurgical testing conducted by SGS Canada Inc. (‘SGS’) evaluating the performance of RZOLV’s proprietary, non-cyanide gold leaching formula on gravity concentrate material.

The test program was carried out at SGS’ Burnaby, British Columbia metallurgy laboratory and compared gold recovery achieved using RZOLV against conventional sodium cyanide under controlled bottle-roll leaching conditions.

The material tested consisted of both oxidized and sulfide-based gravity concentrates sourced from 2 separate gold projects located in Alaska. The material was prepared to a particle size of 80% passing 2 mm. The objective of the test work was to evaluate the technical performance of RZOLV relative to cyanide on high-grade gravity concentrate material, particularly in contexts where cyanide use may be constrained or less effective.

Under the specific laboratory test parameters evaluated by SGS, RZOLV achieved gold recoveries of 98.7% on oxide-based gravity concentrates and 89.4% on sulfide-based gravity concentrates over a 96-hour leach retention time. Under the same laboratory conditions, a reference solution containing 2,000 ppm sodium cyanide achieved gold recoveries of 99.9% and 90.7%, respectively.

The Company notes that results are specific to the material tested and the conditions applied. Further test work is ongoing to evaluate performance across a broader range of ore types, mineralogical characteristics, and operating conditions.

RZOLV continues to focus on third-party validation and disciplined test programs as it advances the evaluation of its technology for potential commercial applications.

Chart 1: Bottle Roll Leaching Recovery Results – (SGS)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11597/280071_rzolv.jpg

Figure 1: Bottle Roll Leaching Recovery Results – (SGS)

* Note: Results shown are derived from laboratory-scale bottle-roll testing under controlled conditions.

CEO Commentary

Duane Nelson, President and CEO of Rzolv Technologies Inc., stated: ‘We are very pleased with the independent metallurgical testing conducted by SGS. Under the test conditions evaluated, RZOLV’s non-cyanide solution demonstrated gold recoveries and leach kinetics comparable to those achieved using cyanide-based reference methods commonly applied prior to smelter treatment, under the specific laboratory conditions evaluated.

These results represent a meaningful technical milestone for the industry and support RZOLV’s potential to provide a cost-effective alternative to the current cyanide, and smelter-based methods used today for the treatment of gold-bearing concentrates.’

The metallurgical results reported herein are laboratory-scale only and are not intended to support, nor should they be construed as supporting, any mineral resource, reserve, or production estimates.

Key Test Highlights – Independent SGS Metallurgical Results

• Independent third-party validation by SGS – All metallurgical test work was conducted by SGS Canada Inc. at its Burnaby, BC laboratory under controlled conditions, providing independent confirmation of performance using industry-standard methods

• Excellent gold recoveries on gravity concentrates – RZOLV achieved 98.7% gold recovery on oxide gravity concentrates and 89.4% recovery on sulfide gravity concentrates over a 96-hour leach cycle, demonstrating strong dissolution performance on high-grade materials

• Performance comparable to cyanide under identical conditions – Under the same laboratory parameters, RZOLV delivered gold recoveries and leach kinetics that were directly comparable to a 2,000-ppm sodium cyanide reference solution, confirming technical parity without the use of cyanide

• Demonstrated effectiveness on both oxide and sulfide concentrates – The ability to achieve high recoveries across two distinct concentrate types suggests broad applicability to gravity and flotation concentrate streams where cyanide or smelting may be constrained or uneconomic

• Potential alternative to smelter-based concentrate treatment – Management believes these results support RZOLV’s potential to provide a cost-effective, non-cyanide alternative to smelter treatment for certain gold concentrates – a market segment historically limited by high costs, logistics, and ESG constraints

• Material sourced from real operating jurisdictions – Test material originated from two separate gold projects in Alaska, reinforcing that the results are based on representative, real-world concentrate material rather than synthetic or idealized samples

• Strong technical foundation for scale-up and further optimization – While results are specific to the material and conditions tested, the Company has emphasized disciplined test programs and ongoing evaluation across a broader range of mineralogies and operating parameters as it advances toward commercial deployment

Stock Options

The Company also announces a grant of 1,660,000 incentive stock options (the ‘Options‘) to certain directors, officers, employees, and consultants to the Company.

Each Option is exercisable to acquire one common share of the Company (a ‘Share‘) at a price of $0.50 per Share, for a period of five years from the date of grant. Following this stock option grant, the Company has a total of 5,490,333 stock options outstanding representing approximately 8.86% of the outstanding common shares of the Company. This stock option grant is subject to acceptance by the TSX Venture Exchange (the ‘Exchange’).

About SGS

SGS is the world’s leading Testing, Inspection and Certification company. We operate a network of over 2,500 laboratories and business facilities across 115 countries, supported by a team of 99,500 dedicated professionals. With over 145 years of service excellence, we combine the precision and accuracy that define Swiss companies to help organizations achieve the highest standards of quality, compliance and sustainability.

We offer comprehensive testing, inspection, certification and consulting services to help mining businesses optimize processes, ensure regulatory compliance and enhance sustainability. We support your mining operations at every stage – from exploration, resource development, feasibility studies, planning and construction, through to operation, production, transportation and site rehabilitation.

About Rzolv Technologies Inc.

Rzolv Technologies Inc. is a next-generation clean-technology company redefining how gold is recovered in a world demanding safer, smarter, and more sustainable mining. The Company develops innovative, non-cyanide hydrometallurgical solutions designed to unlock gold that conventional chemistry leaves behind-while materially reducing environmental risk and regulatory friction.

Its flagship technology, RZOLV, is a proprietary, water-based gold-dissolution system engineered to deliver performance comparable to traditional cyanide leaching, without the toxicity, permitting constraints, or long-term liabilities associated with legacy reagents. By operating within a broader and more controllable chemical window, RZOLV enables gold recovery from complex ores, concentrates, and previously stranded materials-creating new economic value where existing methods fail.

RZOLV is not simply replacing cyanide; it is expanding the addressable gold-recovery market by aligning metallurgical performance with modern ESG expectations, regulatory realities, and the mining industry’s urgent need for safer chemistry.

Cautionary Note

Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

The metallurgical testing and analytical work referenced in this release were conducted by an independent laboratory using industry-standard methods. The technical information contained herein has been reviewed by Company management with relevant metallurgical and process engineering experience.

Cautionary Note Regarding Forward-Looking Statements

This news release contains statements that constitute ‘forward-looking statements.’ Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects,’ ‘plans,’ ‘anticipates,’ ‘believes,’ ‘intends,’ ‘estimates,’ ‘projects,’ ‘potential’ and similar expressions, or that events or conditions ‘will,’ ‘would,’ ‘may,’ ‘could’ or ‘should’ occur.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Forward-looking statements include, but are not limited to, statements regarding the potential commercial application of RZOLV, future metallurgical performance, scale-up outcomes, permitting considerations, and market adoption.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. There can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280071

(TheNewswire)

Brossard, Quebec TheNewswire – January 12, 2026 Charbone CORPORATION (TSXV: CH,OTC:CHHYF; OTCQB: CHHYF; FSE: K47) (‘Charbone’ or the ‘Company’), a North American producer and distributor specializing in clean Ultra High Purity (‘UHP’) hydrogen and strategic industrial gases, is pleased to announce the closing of a non-brokered private placement (the ‘Equity Offering’) for gross proceeds of $3.1 million.

‘We are excited to start the year 2026 with a strong improvement to our balance sheet and support shown by long term investors in this private placement,’ said Benoit Veilleux, CFO and Corporate Secretary of Charbone. ‘The completion of this financing provides Charbone with the resources for the Phase 1B at Sorel-Tracy site, increasing our clean UHP hydrogen production capacity by 4.5 times reaching almost 1 tonne per day.’

Private Placement Details

Charbone is issuing 23,614,286 Units, with each Unit priced at $0.13125 and consisting of one common share and one common share purchase warrant.

• The proceeds from the Equity Offering will be primarily allocated to the Company’s purchase and installation of the Phase 1B hydrogen equipment at the Sorel-Tracy site, and general working capital requirements. 

• At the Closing Date, the Company paid a finder’s fee of $247,950. It also issued 1,889,143 finder’s warrants to registered dealers related to the sale of specific Units to qualified subscribers introduced by such dealers. The Units were distributed pursuant to a decision under Section 12 of the Securities Act (Quebec) to qualified subscribers outside of the Province of Quebec mainly to one institutional investor located in Germany.  

• The closing of the Equity Offering remains subject to the approval of the TSX Venture Exchange and other customary closing conditions 

This news release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of securities in any jurisdiction where such offer, solicitation, or sale would be unlawful, including in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘1933 Act‘) or any applicable state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and relevant state laws, or if an exemption from registration is available.

About Charbone CORPORATION

Charbone is a developer and producer of clean Ultra High Purity (UHP) hydrogen with a growing industrial gas distribution platform. Through a modular approach, Charbone is focused on developing a network of clean hydrogen production facilities throughout North America and select markets abroad, starting with its flagship Sorel-Tracy project in Quebec. The Company’s integrated model reduces risk, enhances scalability, and enables diversified revenue streams through partnerships in helium and other specialty gases. Charbone is committed to supporting the global transition to a lower-carbon economy by providing accessible, decentralized clean hydrogen and specialty gas solutions while supporting underserved industrial gas customers and accelerating the shift to localized clean energy. Charbone is listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). Visit www.Charbone.com.

Forward-Looking Statements

This news release contains statements that are ‘forward-looking information’ as defined under Canadian securities laws (‘forward-looking statements’). These forward-looking statements are often identified by words such as ‘intends’, ‘anticipates’, ‘expects’, ‘believes’, ‘plans’, ‘likely’, or similar words. The forward-looking statements reflect management’s expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under ‘Risk Factors’ in the Corporation’s Management’s Discussion & Analysis for the period ended September 30, 2025, which is available on SEDAR+ at www.sedarplus.ca; they could cause actual events or results to differ materially from those projected in any forward-looking statements.

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

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.

Copyright (c) 2026 TheNewswire – All rights reserved.

(TheNewswire)

Brossard, Québec TheNewswire – le 12 janvier 2026 CORPORATION Charbone (TSXV: CH,OTC:CHHYF; OTCQB: CHHYF; FSE: K47) (« Charbone » ou la « Société »), un producteur et distributeur nord-américain spécialisé dans l’hydrogène propre Ultra Haute Pureté (« UHP ») et les gaz industriels stratégiques, est heureuse d’annoncer la clôture d’un placement privé sans intermédiaire (le « placement d’actions ») pour un produit brut de 3,1 millions de dollars.

« Nous sommes ravis de commencer l’année 2026 avec une nette amélioration de notre bilan et le soutien manifesté par les investisseurs à long terme dans le cadre de ce placement privé, » dit Benoit Veilleux, Chef de la direction financière et secrétaire corporatif de Charbone. « La finalisation de ce financement permet à Charbone de disposer des ressources nécessaires pour la phase 1B du site de Sorel-Tracy, augmentant ainsi sa capacité de production d’hydrogène UHP propre de 4,5 fois, pour atteindre près d’une tonne par jour.»

Détails du placement privé

Charbone émet 23 614 286 unités, chaque unité étant au prix de 0,13125 $ et composée d’une action ordinaire et d’un bon de souscription d’action ordinaire.

• Le produit de l’émission d’actions sera principalement affecté à l’achat et installation par la Société des équipements d’hydrogène de la phase 1B sur le site de Sorel-Tracy et aux besoins généraux en fonds de roulement. 

• À la date de clôture, la Société a payé une commission d’intermédiaire de 247 950 $. Elle a aussi émis 1 889 143 bons de souscription à des intermédiaires inscrits dans le cadre de la vente de certaines unités à des souscripteurs qualifiés qu’ils ont présentés à la Société. Les parts ont été distribuées conformément à une décision prise en vertu de l’article 12 de la Loi sur les valeurs mobilières (Québec) à des souscripteurs qualifiés à l’extérieur de la province de Québec principalement à un seul investisseur institutionnel situé en Allemagne. 

• La clôture de l’offre d’actions demeure soumise à l’approbation de la Bourse de croissance TSX et à d’autres conditions de clôture habituelles 

Ce communiqué de presse ne constitue pas une offre de vente ni une sollicitation d’une offre d’achat, et aucune valeur mobilière ne peut être vendue dans une juridiction dans laquelle une telle offre, sollicitation ou vente serait illégale, y compris l’intégralité des valeurs mobilières aux États-Unis d’Amérique. Les valeurs mobilières n’ont pas été et ne seront pas enregistrées en vertu du United States Securities Act de 1933, tel que modifié (la « Loi de 1933 »), ou de toute autre loi sur les valeurs mobilières, et ne peuvent être offertes ou vendues aux États Unis ou à des, ou pour le compte ou au profit de, ‘U.S. Persons’ (telles que définies dans la « Regulation S » de la Loi de 1933), à moins qu’elles ne soient enregistrées en vertu de la Loi de 1933 et des lois applicables sur les valeurs mobilières, ou qu’une dispense de telles exigences d’enregistrement ne soit disponible. Le texte du communiqué issu d’une traduction ne doit d’aucune manière être considéré comme officiel. La seule version du communiqué qui fasse foi est celle du communiqué dans sa langue d’origine. La traduction devra toujours être confrontée au texte source, qui fera jurisprudence.

À propos de CORPORATION Charbone

Charbone est un développeur et producteur d’hydrogène propre Ultra Haute Pureté (UHP) doté d’une plateforme de distribution de gaz industriels en pleine expansion. Grâce à une approche modulaire, Charbone se concentre sur le développement d’un réseau d’usines de production d’hydrogène propre en Amérique du Nord et sur certains marchés à l’étranger, en commençant par son projet phare de Sorel-Tracy au Québec. Le modèle intégré de l’entreprise réduit les risques, améliore l’évolutivité et permet de diversifier ses sources de revenus grâce à des partenariats dans le domaine de l’hélium et d’autres gaz de spécialités. Charbone s’engage à soutenir la transition mondiale vers une économie bas carbone en fournissant des solutions d’hydrogène propre et de gaz de spécialités accessibles et décentralisées, tout en soutenant les clients industriels mal desservis en gaz et en accélérant la transition vers une énergie propre locale. Charbone est coté sur la bourse de croissance TSX (TSXV: CH,OTC:CHHYF); sur les marchés OTC (OTCQB: CHHYF); et à la Bourse de Francfort (FSE: K47). Pour plus d’informations, veuillez visiter www.Charbone.com.

Énoncés prospectifs

Le présent communiqué de presse contient des énoncés qui constituent de « l’information prospective » au sens des lois canadiennes sur les valeurs mobilières (« déclarations prospectives »). Ces déclarations prospectives sont souvent identifiées par des mots tels que « a l’intention », « anticipe », « s’attend à », « croit », « planifie », « probable », ou des mots similaires. Les déclarations prospectives reflètent les attentes, estimations ou projections respectives de la direction de Charbone concernant les résultats ou événements futurs, sur la base des opinions, hypothèses et estimations considérées comme raisonnables par la direction à la date à laquelle les déclarations sont faites. Bien que Charbone estime que les attentes exprimées dans les déclarations prospectives sont raisonnables, les déclarations prospectives comportent des risques et des incertitudes, et il ne faut pas se fier indûment aux déclarations prospectives, car des facteurs inconnus ou imprévisibles pourraient faire en sorte que les résultats réels soient sensiblement différents de ceux exprimés dans les déclarations prospectives. Des risques et des incertitudes liés aux activités de Charbone peuvent avoir une incidence sur les déclarations prospectives. Ces risques, incertitudes et hypothèses comprennent, sans s’y limiter, ceux décrits à la rubrique « Facteurs de risque » dans le rapport de gestion de la Société pour la période terminée le 30 septembre 2025, qui peut être consultée sur SEDAR+ à l’adresse www.sedarplus.ca; ils pourraient faire en sorte que les événements ou les résultats réels diffèrent sensiblement de ceux prévus dans les déclarations prospectives.

Sauf si les lois sur les valeurs mobilières applicables l’exigent, Charbone ne s’engage pas à mettre à jour ni à réviser les déclarations prospectives.

Ni la Bourse de croissance TSX ni son fournisseur de services de réglementation (tel que ce terme est défini dans les politiques de la Bourse de croissance TSX) n’acceptent de responsabilité quant à la pertinence ou à l’exactitude du présent communiqué.

Pour contacter Corporation Charbone :

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TORONTO, ON / ACCESS Newswire / January 12, 2026 / NextSource Materials Inc. (TSX:NEXT,OTC:NSRCF)(OTCQB:NSRCF) (‘NextSource’ or the ‘Company’) is pleased to announce that it has finalized multiple term sheets with strategic investors to fund Phase 1 of the Company’s proposed Battery Anode Facility (‘BAF’) in the Industrial City of Abu Dhabi in the UAE. These term sheets indicate substantial progress in the Company’s strategic financing process and further reinforces the Company’s path towards the final investment decision (‘FID’).

The Company has finalized term sheets with several strategic investors, including local sovereign‑linked entities and a Japanese strategic consortium including a diversified industrial trading group with deep experience across the global battery materials and infrastructure sectors. This follows the successful conclusion of the first stage of due diligence and the investor site visit held on November 25, 2025 to the industrial building and site secured for the location of the Company’s proposed BAF in the Industrial City of Abu Dhabi.

The term sheets propose an equity investment at the project level in the BAF project under which new strategic partners would potentially acquire an interest of up to 50% in the UAE BAF and subsequently fund their pro rata share of Phase 1 capital costs. This approach aligns with NextSource’s objective to minimize dilution of the Company while potentially partnering with investors that bring strategic and regional value to the BAF project and across the battery supply chain.

The term sheets executed are non-binding and subject to customary conditions. The Company is now advancing next steps with these parties, alongside ongoing technical, commercial, and legal due diligence, with a view toward potentially finalizing a preferred funding structure and executing definitive agreements in the coming months.

Hanré Rossouw, President and CEO of NextSource, commented:

‘The level and quality of funding interest we are seeing at the project level is a strong validation of our UAE BAF strategy. These strategic investors recognize the importance of establishing secure, scalable, and geopolitically aligned anode supply chains outside of China. This process marks a significant first step toward funding our first commercial-scale BAF’.

The Company is currently advancing parallel workstreams to reach FID by the end of Q1 2026, supported by strong progress in the front-end engineering and design with its engineering partner firm, Stantec. Following a prospective successful FID and funding, the Company will proceed with full equipment procurement, installation, commissioning, and ramp‑up in accordance with its phased development plan.

About NextSource Materials Inc.

NextSource Materials Inc. is a battery materials company based in Toronto, Canada that is intent on becoming a vertically integrated global supplier of battery materials through the mining and value-added processing of graphite and other minerals.

The Company’s Molo graphite project in Madagascar is one of the largest known and highest-quality graphite resources globally, and the only one with SuperFlake® graphite. The Molo mine has begun production through Phase 1 mine operations.

The Company is also developing a significant downstream graphite value-add business through the staged rollout of Battery Anode Facilities (BAF) capable of large-scale production of coated, spheronized and purified graphite for direct delivery to battery and automotive customers, in a fully transparent and traceable manner. The Company is now in the process of developing its first BAF in the UAE.

NextSource Materials is listed on the Toronto Stock Exchange under the symbol ‘NEXT’ and on the OTCQB under the symbol ‘NSRCF’.

For further information about NextSource Materials, please visit our website at www.nextsourcematerials.com or contact us at +1.416.364.4911 or email Brent Nykoliation, Executive Vice President at brent@nextsourcematerials.com.

Safe Harbour: This press release contains statements that may constitute ‘forward-looking information’ or ‘forward-looking statements’ within the meaning of applicable Canadian and United States securities legislation. Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward looking statements and information are frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘potential’, ‘possible’ and other similar words, or statements that certain events or conditions ‘may’, ‘will’, ‘could’, ‘expected’ or ‘should’ occur. Forward-looking statements include any statements regarding, among others, that the non-binding term sheets will progress to definitive agreements and the timing thereof, timing of construction, development and completion of the BAF, timing and completion of front-end engineering and design, timing of FID, the phased development plan of the BAF as well as the Company’s intent on becoming a fully integrated global supplier of critical battery and technology materials. These statements are based on current expectations, estimates and assumptions that involve a number of risks, which could cause actual results to vary and, in some instances, to differ materially from those anticipated by the Company and described in the forward-looking statements contained in this press release. These risks include that the non-binding term sheets will not progress to definitive agreements, the parties to the non-binding term sheet will not be satisfied with their due diligence review, risks related to the construction and development of the BAF, the risk that a positive FID decision may never be reached as well as other risk factors set forth in the Company’s latest Annual Information Form (which includes the disclosed risk related specifically to the development commissioning and operation of the BAF) There is no assurance that the definitive agreements will be completed with the above noted timeframe or at all. No assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do so, what benefits the Company will derive there from. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether because of new information, future events or otherwise, except as may be required by applicable securities laws. Although the forward-looking statements contained in this news release are based on what management believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with them. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.

SOURCE: NextSource Materials Inc.

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