New Mexico Rare Earth Exploration Overview

New Mexico Exploration

The New Mexico Rare Earth Exploration Portfolio provides regional context for the Company’s rare earth exploration interests within the state of New Mexico. This section is intended to outline how exploration areas are organized, evaluated, and reviewed at an early stage using publicly available geological and historical information.

Rare earth exploration activities within New Mexico are conducted at the exploration or evaluation stage and are focused on understanding geological environments, regional characteristics, and land position relevance. Activities discussed within this portfolio are not related to development or production and do not represent assessments of economic viability.

Regional Exploration Overview

New Mexico has been the subject of extensive geological study and historical mineral exploration across multiple commodity groups, including rare earth elements. Exploration interest within the state has been informed by regional geology, academic research, and publicly available geological surveys.

The Company’s regional exploration approach emphasizes disciplined review of existing data, comparative regional analysis, and selective evaluation of areas where geological conditions may warrant further investigation. Outcomes at this stage are inherently uncertain, and interpretations evolve as additional information becomes available.

Portfolio Structure and Organization

Exploration interests within New Mexico are organized as part of a regional portfolio to support clarity, oversight, and consistent evaluation. Grouping exploration areas by geography allows for structured review, independent assessment of individual project areas, and transparent communication as exploration activities progress.

This organizational framework is designed to maintain an orderly inventory of exploration interests and does not imply the presence of mineral resources or reserves. Updates related to regional exploration activities are provided through Company announcements and formal disclosures as material developments occur.

Scientific and Geological Context

Rare earth mineralization has been identified in a variety of geological environments that have been evaluated through historical exploration activity, academic research, and publicly available geological surveys. These sources provide a foundational reference for early-stage assessment and comparative review.

The presence of favorable geological characteristics or historical exploration activity does not imply the existence of mineral resources, reserves, or economically recoverable mineralization. Exploration remains an investigative and iterative process, and interpretations may change as additional information is reviewed.

Regional Organization

The Company organizes its rare earth exploration interests by geographic region to support clarity, internal review, and structured evaluation. Regional organization is intended to assist stakeholders in understanding the geographic distribution of exploration interests and their relationship to broader geological trends.

Pages within this section function as informational references, summarizing geographic context and outlining exploration areas associated with the Company. Regional organization does not represent an assessment of resource potential or development status.

Exploration Stage and Disclosure

All rare earth–related activities discussed within this section are conducted at the exploration or evaluation stage. The Company does not present estimates of mineral resources or reserves unless supported by appropriate technical reporting standards and formal disclosure requirements.

Information related to exploration activities is communicated through Company announcements and other formal disclosures as material developments occur.

Accessing Rare Earth Exploration Information

This section serves as a centralized reference for information related to the Company’s rare earth exploration activities. From here, visitors may access region-specific pages, review geographic summaries, or reference relevant Company updates.

As exploration initiatives progress, this section may be updated to reflect changes in regional focus, organizational structure, or material disclosures.