Material Acquisitions

Material Acquisitions

Material acquisitions within the Company’s rare earth exploration program relate to the identification, evaluation, and structuring of exploration-stage interests that may be relevant to the Company’s broader regional exploration activities. This section provides informational context regarding how acquisition-related activity is reviewed and disclosed.

Acquisition activity discussed here is conducted at an early stage and is focused on assessing publicly available information, historical records, and transaction structure. References to material acquisitions do not relate to development or production activities and do not represent assessments of economic viability or future outcomes.

Overview of Acquisition Evaluation

Evaluation of potential material acquisitions involves a structured review of available geological information, historical exploration data, land position considerations, and alignment with regional exploration focus. Review activities may include analysis of public records, academic literature, government-issued geological surveys, and historical exploration reports.

At this stage, acquisition-related activity is exploratory in nature and may involve preliminary agreements, options, or other early-stage arrangements. Outcomes are inherently uncertain, and not all evaluated opportunities result in completed transactions.

Organizational and Disclosure Context

Material acquisition activity is reviewed within an organizational framework designed to support internal oversight, clarity, and consistent disclosure practices. Acquisition-related interests are evaluated independently and in the context of the Company’s broader exploration activities.

Information regarding material acquisitions is communicated through Company announcements and formal disclosures as required. Content presented within this section is intended for general informational purposes and should be reviewed alongside official Company filings.

Evaluation and Information Context

Material acquisition activity within the Company’s rare earth exploration program is evaluated using publicly available information, historical records, and transaction-level documentation where applicable. Review at this stage focuses on understanding the nature of exploration-stage interests, relevant land positions, and available supporting data rather than confirming mineralization or economic outcomes.

Information reviewed in connection with acquisition activity may include historical exploration reports, academic literature, government-issued records, and publicly available transaction information. Evaluation remains preliminary, and interpretations may change as additional information is reviewed.

Organizational Framework

Acquisition-related interests are organized within a structured framework designed to support internal review, consistency, and clarity. Organizing acquisition activity in this manner allows for independent evaluation of individual interests while maintaining alignment with broader regional exploration organization.

This organizational approach is intended to support transparent review and does not represent an assessment of development potential, resource estimates, or economic viability.

Exploration Stage and Disclosure

All acquisition-related activity discussed within this section pertains to exploration-stage or evaluation-stage interests. The Company does not present estimates of mineral resources or reserves unless supported by appropriate technical reporting standards and formal disclosure requirements.

Material information related to acquisition activity is communicated through Company announcements and other formal disclosures as required.

Accessing Acquisition Information

This section serves as an informational reference for acquisition-related activity within the Company’s rare earth exploration program. From here, visitors may review acquisition context, understand how acquisition activity fits within regional exploration organization, or access relevant Company disclosures.

As acquisition activity evolves, this section may be updated to reflect changes in organizational structure, disclosure requirements, or material developments.