Nuton is making a difference. This year, Nuton has been recognized by TIME as one of the 10 most influential companies in sustainability for 2026 — part of the inaugural TIME100 Companies: Industry Leaders list, spotlighting the companies shaping their sectors across 20 industries.

“This recognition is not about celebrating outcomes or milestones, but about acknowledging the purpose behind our work and the direction we are continuing to build toward” says Cecilia Perla, Vice President of Growth and Sustainability and acting CEO.

Nuton’s sustainability breakthrough in copper mining

This recognition follows a milestone year for Nuton. In December 2025, Nuton produced its first copper at industrial scale at the Johnson Camp Mine in Arizona, using proprietary bioleaching technology that integrates biology, chemistry, engineering and digital tools. 

Anything that runs on electricity requires copper, and the world runs on electricity. Nuton’s mission is to provide the world with not just more copper, but better copper.

The results speak for themselves: up to 85% copper recovery, up to 80% less water use and up to 60% lower carbon emissions compared to conventional processing, with an expected mine-to-metal footprint of 0.82 kg CO₂-e/kg Cu, the lowest in the United States.

This is what Nuton was built to prove: that more copper, from more places, with radically less impact, is a reality. Nuton is proud to be recognized by TIME100 alongside the companies defining what sustainability looks like in practice, and even prouder of the work that earned it.

Nuton is revolutionizing copper production. The 2026 “Copper, by Nuton” report reveals an exclusive look at the technical benchmarks and strategic milestones that are setting a new standard for copper production. Access the report to learn how we are leveraging a pioneering technology, a new commercial model and aspirations to produce copper with the lowest environmental footprint in the market.

Nuton plays two key roles: technology provider and investment partner

“Copper, by Nuton” reveals how solid innovation can lead to real-world results. As a technology provider and investment partner, Nuton works collaboratively with mine sites to unlock more copper, faster, with a lower environmental footprint.

The full report highlights the pivotal transition as Nuton evolves from research to industrial-scale operations. At Gunnison Copper Corp.´s Johnson Camp Mine in Arizona, we successfully demonstrated the power of the Nuton® Technology with a 75x scale-up. Today Nuton is engaged in 8 active partnerships across 4 countries with Nuton team members working to launch our award-winning mining venture.

The Nuton difference: bioleaching for more 
copper and less impact

How exactly does our proprietary bioleaching technology work? How does it leverage the power of naturally occurring bacteria to unlock critical resources? “Copper, by Nuton” details how Nuton has the potential to recover up to 85% of copper from complex ores while significantly reducing water and energy consumption.

Nuton is not a single-ingredient solution. We are a systems integrator. We bring every component together, optimizing our technology for the ore, the site and the partner, to deliver value from ore to impact.

Nuton, a Rio Tinto venture, is redefining what’s possible in sustainable mining. Over the next three years, Nuton has committed to purchasing 134,000 Green-e Energy-certified Renewable Energy Certificates (RECs) generated from US renewables. By combining proprietary bioleaching technology and investment in renewable energy, Nuton is positioning Gunnison Copper Corp.’s Johnson Camp Mine (JCM) to be the lowest-carbon copper producer in the U.S.

“Nuton’s investment further strengthens our ambition to produce the lowest-carbon copper while bringing copper to market faster and more efficiently,” says Nuton Interim Chief Executive Officer Cecilia Perla.

Nuton commits to Renewable Energy Certificates investment

Central to Nuton’s mission is its Positive Impact commitment. This achievement isn’t just a milestone; it is a blueprint for the future of industry – proving that copper production can be smarter, cleaner, and more efficient.

The purchase of these RECs generated from US renewables over the next three years further proves this pledge. These RECs:

• Corresponds to one megawatt-hour of renewable electricity delivered to the grid
• Ensure that 100% of JCM’s electricity consumption is matched by renewable generation
• Mitigate Scope 2 emissions
• Help produce low-carbon intensity copper

A Renewable Energy Certificate is a market-based instrument that represents the legal property right to the renewable attributes of electricity generation. For every megawatt-hour of clean energy produced and sent to the power grid, one REC is created, allowing Nuton to formally track and claim the environmental benefits of its energy use.

Life Cycle Assessment confirms lower carbon footprint

Nuton’s technology is delivering a high-quality product with a significantly reduced environmental footprint, and the results of this integrated approach are industry-leading. A recent ISO-certified Life Cycle Assessment (LCA) confirms that copper produced at Johnson Camp Mine – supported by Nuton technology and RECs investment – is expected to result in a carbon footprint of just 0.82kg CO2-e per kilogram of copper, measured by a “mine-to-refined metal” basis.

To put this in perspective:

• JCM Carbon Footprint: 0.82 kg CO2-e / kg Cu
• Projected 2026 Global Average: 3.4 kg CO2-e / kg Cu¹

The LCA also estimates that JCM has a direct water consumption of 71 liters per kilogram of copper, a fraction of the 130 liters per kilogram of copper consumed at the typical copper mine.²

Ultimately, Nuton is proving that through biology, digital innovation, and renewable energy, the transition to a low-carbon economy can be powered by copper that is as responsible as it is essential.

1. Skarn Associates Copper Mine GHG and Energy Intensity Curve Generator, November 2025 dataset for the year 2026. The E1 metric includes all GHG emissions from mine to refined metal.
2. Water and carbon emissions intensities for Johnson Camp and global averages have been validated by Skarn Associates, a leading provider of carbon and water intensity curves for the industry.

Casa Grande, AZ and Toronto, ON, February 17, 2026 – Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) today announces that ASCU and Nuton LLC (“Nuton”), a Rio Tinto Venture, have mutually agreed to the early termination of the Option to Joint Venture (“OTJV”) on the Cactus Project, as well as the termination of Nuton’s investor rights agreement with the Company, effective immediately. 

George Ogilvie, President and CEO of Arizona Sonoran Copper Company commented, “We appreciate Rio Tinto’s endorsement of the Cactus Project through Nuton’s initial investment and shareholding, together with the constructive joint work under the OTJV to study the potential of deploying Nuton technology at the Cactus Project. It has been a productive relationship, and we look forward to continuing engagement and dialogue with a valued shareholder in Nuton-Rio Tinto. 

We look forward to continuing the successful advancement of our standalone Cactus Project. We anticipate the Feasibility Study and final permit amendments later this year, and a final investment decision is contemplated as early as 4Q 2026. Over and above the pending Feasibility Study mine plan which will outline the extraction of oxides and enriched materials, there remains significant upside at the Cactus Project with opportunities to potentially develop the significant primary sulphide Mineral Resource at depth, as disclosed in the Pre-Feasibility Study Technical Report, and in planned further exploration of the ‘Gap Zone’ and the ‘NE Extension’.” 

The parties have agreed that the termination of the OTJV and Nuton investor rights agreement with the Company is effective immediately and was completed largely in line with the applicable terms of the OTJV, resulting in payments from the Company to Nuton of: 

In connection with the termination, Nuton agreed to provide the Company with all non-interpretative results of (i) completed analyses of Cactus Project ore samples and (ii) any completed ‘Phase 2’ metallurgical testing performed by or on behalf of Nuton under the OTJV prior to its termination. 

Neither the Toronto Stock Exchange nor the regulating authority has approved or disproved the information contained in this press release. 

Links from the PR: 
Pre-Feasibility Study Technical Report: https://arizonasonoran.com/projects/technical-reports/ 

About Arizona Sonoran Copper Company (www.arizonasonoran.com | www.cactusmine.com) ASCU is a copper exploration and development company with a 100% interest in the brownfield Cactus Project. The Cactus Project, on privately held land, contains a large-scale porphyry copper resource and a recent 2025 PFS proposes a generational open pit copper mine with robust economic returns. Cactus is a lower risk copper developer benefitting from a State-led permitting process, in place infrastructure, highways and rail lines at its doorstep and onsite permitted water access. The Company’s objective is to develop Cactus and become a mid-tier copper producer with low operating costs, that could generate robust returns and provide a long-term sustainable and responsible operation for the community, investors and all stakeholders. The Company is led by an executive management team and board which have a long-standing track record of successful project delivery in North America complemented by global capital markets expertise. 

For more information 

Alison Dwoskin, Vice President, Investor Relations
647-233-4348
adwoskin@arizonasonoran.com

George Ogilvie, President, CEO and Director
416-723-0458
gogilvie@arizonasonoran.com

Cautionary Statements regarding Forward-Looking Statements 

All statements, other than statements of historical fact, contained or incorporated by reference in this press release constitute “forward-looking statements” and ” “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable Canadian and United States securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “advancement”, “anticipate”, “as early as”, “become”, “believes”, “contemplated”, “contingent”, “continuing”, “decision”, “deferred”, “development”, “eventual”, “exploration”, “feasibility”, “forward”, “generational”, “intended”, “later”, “long-term”, “look”, “objectives”, “opportunities”, “outcomes”, “outline”, “pending”, “plan”, “potentially”, “project”, “proposes”, “provide”, “risk”, “study”, “subject to”, “to be”, “upside”, and “will”, or variations of such words, and similar such words, expressions or statements that certain actions, events or results can, could, may, should, would, will (or not) be achieved, occur, provide, result or support in the future, or which, by their nature, refer to future events. In some cases, forward-looking information may be stated in the present tense, such as in respect of current matters that may be continuing, or that may have a future impact or effect. Forward-looking statements include those relating to the implications of, and future obligations of the parties (including deferred payments and any change of control as contingency trigger therefor or otherwise) under, the termination of the OTJV and Rio Tinto’s investor rights agreement; advancement or development of the Cactus Project; Mineral Resources and Mineral Reserves generally (which are estimates only) and any development or realization thereof (including primary sulphides at depth); future opportunities or upside including any development of primary sulphide or other Mineral Resourcess, and exploration of the ‘Gap Zone’ or ‘NE Extension’, and and outcomes thereof; the Feasibility Study (including resulting mine plan), final permit amendments and any final investment decision for the Cactus Project (including the results or other outcomes or implications, and timing thereof); any continuing dialogue with Nuton-Rio Tinto or the outcome or implications thereof; the risk of the Cactus Project; proposal of a generational open pit copper mine; the Company’s strategic and other objectives (including developing the Cactus Project and becoming a mid-tier copper producer with low operating costs, that could generate robust returns and provide a long-term sustainable and responsible operation for the community, investors and all stakeholders). Although the Company believes that such statements are reasonable, there can be no assurance that those forward-looking statements will prove to be correct, and any forward-looking statements by the Company are not guarantees of future actions, results or performance. Forward-looking statements are based on assumptions, estimates, expectations and opinions, which are considered reasonable and represent best judgment based on available facts, as of the date such statements are made. If such assumptions, estimates, expectations and opinions prove to be incorrect, actual and future results may be materially different than expressed or implied in the forward-looking statements. The assumptions, estimates, expectations and opinions referenced, contained or incorporated by reference in this press release which may prove to be incorrect include those set forth or referenced in this press release, as well as those stated in the Company’s prior press releases referenced herein (collectively, the “Referenced PRs”), the technical report titled “NI 43-101 Technical Report Pre-Feasibility Study of the Cactus Mine Project, Pinal County, Casa Grande Arizona” with an effective date of October 20, 2025 and an issue date of November 17, 2025 (the “PFS Technical Report”), the Company’s Annual Information Form dated March 27, 2025 (the “AIF”), Management’s Discussion and Analysis (together with the accompanying financial statements) for the year ended December 31, 2024 and the quarter(s) already ended and reported in 2025 (collectively, the “2024-25 Financial Disclosure”) and the Company’s other applicable public disclosure (collectively, “Company Disclosure”), all available on the Company’s website at www.arizonasonoran.com and under its issuer profile at www.sedarplus.ca. Forward-looking statements are inherently subject to known and unknown risks, uncertainties, contingencies and other factors which may cause the actual results, performance or achievements of ASCU to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks, uncertainties, contingencies and other factors include, among others, that the early termination of the OTJV and the Rio Tinto investor rights agreement are not executed consistent as contemplated by the agreement and/or consistent with the Company’s expectations and the potential negative implications and associated costs thereof (including any dispute and/or litigation relating thereto, and resulting negative impacts on the Company’s share price and/or successful advancement of the Cactus Project on the currently anticipated timeline through to Feasibility Study, project financing (on amenable terms or at all) and any eventual final investment decision, and the failure to realize any such objectives, on a basis consistent with the Company’s expectations or at all); advancement or development of the Cactus Project not being consistent with the Company’s expectations, being successful or completed or occurring at all; necessary financing (including project financing) not being advanced or available or secured on time and/or terms amenable to the Company or at all; the Feasibility Study, required permit amendments and/or any final investment decision (including the results or other outcomes or implications, and timing thereof) not being completed consistent with the Company’s expectations or being completed at all, and the potential negative implications thereof; and opportunities and upside at the Cactus Project (including development of primary sulphide or other Mineral Resources outside the pending Feasibility Study mine plan, and exploration of the ‘Gap Zone’ or ‘NE Extension’ and any results thereof) not being pursued or realized on a basis consistent with the Company’s plans ; the accuracy of the Mineral Resource and Mineral Reserve estimates for the Cactus Project (including related modelling) and the Company’s analysis thereof, and such estimates, modelling and analysis, not being consistent with actual results or otherwise not meeting expectations (including ore and contained copper tonnages, grade, recoveries and applicable royalties), and future Mineral Resource and Mineral Reserve estimates for the Cactus Project not being consistent with the mineral resource and mineral reserve estimates (or MRE) reported in and relied upon in the PFS, and any development or realization of such Mineral Resource or Mineral Reserve estimates not being consistent with the Company’s expectations or occurring at all (see also further cautionary statements below under the heading “Mineral Resource Estimates”), and/or expectations or at all, as well as the “Risk Factors” in the AIF, and the risks, uncertainties, contingencies and other factors identified in the Referenced PRs, the PFS Technical Report and the 2024-25 Financial Disclosure. The foregoing list of risks, uncertainties, contingencies and other factors is not exhaustive; readers should consult the more complete discussion of the Company’s business, financial condition and prospects that is provided in the AIF, the 2024-25 Financial Disclosure and other Company Disclosure. Although ASCU has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this press release (or as otherwise expressly specified) and ASCU disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements referenced or contained in this press release are expressly qualified by these Cautionary Statements as well as the Cautionary Statements in the AIF, the Referenced PRs, the PFS Technical Report and the 2024-25 Financial Disclosure. 

Mineral Resource Estimates 

Until mineral deposits are actually mined and processed, copper and other Mineral Resources (which include Mineral Reserves) must be considered as estimates only. Mineral Resource Estimates that are not classified as Mineral Reserves do not have demonstrated economic viability. The estimation of Mineral Resources (including Mineral Reserves) is inherently uncertain, involves subjective judgement about many relevant factors and may be materially affected by, among other things, environmental, permitting, legal, title, taxation, socio-political, marketing, or other known and unknown risks, uncertainties, contingencies and other factors described in the foregoing Cautionary Statements on Forward-Looking Statements. The quantity and grade of reported “Inferred” Mineral Resource Estimates are uncertain in nature and there has been insufficient exploration to define “Inferred” Mineral Resource Estimates as an “Indicated” or “Measured” Mineral Resource and it is uncertain if further exploration will result in upgrading “Inferred” Mineral Resource Estimates to an “Indicated” or “Measured” Mineral Resource category. Inferred Mineral Resource Estimates may not form the basis of feasibility or pre-feasibility studies or economic studies except for preliminary economic assessments. The accuracy of any Mineral Resource Estimate (including Mineral Reserves) is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation, which may prove to be unreliable and depend, to a certain extent, upon the analysis of drilling results and statistical inferences that may ultimately prove to be inaccurate. It cannot be assumed that all or any part of a “Inferred”, “Indicated” or “Measured” Mineral Resource Estimate will ever be upgraded to a higher category including a Mineral Reserve. The Mineral Resource Estimates (including Mineral Reserves) declared by the Company were estimated, categorized and reported using standards and definitions in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards for Mineral Resources and Mineral Reserves (the “CIM Standards”) in accordance with National Instrument 43-101 of the Canadian Securities Administrators (“NI 43-101”), which governs the public disclosure of scientific and technical information concerning mineral projects. 

U.S. Readers 

The terms “Mineral Reserve”, “Proven Mineral Reserve”, “Probable Mineral Reserve”, “Mineral Resource”, “Measured Mineral Resource”, “Indicated Mineral Resource”, and “Inferred Mineral Resource”, as disclosed by the Company are Canadian mining terms defined in the CIM Standards (collectively, the “CIM Definitions”) in accordance with NI 43-101. NI 43-101 establishes standards for all public disclosure that a Canadian issuer makes of scientific and technical information concerning mineral projects. These Canadian standards differ from the requirements of the United States Securities and Exchange Commission (the “SEC”) applicable to United States domestic and certain foreign reporting companies under Subpart 1300 of Regulation S-K (“S-K 1300”). Accordingly, information describing Mineral Resource Estimates (including Mineral Reserves) for the Cactus Project may not be comparable to similar information publicly reported in accordance with the applicable requirements of the SEC, and so there can be no assurance that any Mineral Resource Estimate (including Mineral Reserves) for the Cactus Project would be the same had the estimates been prepared per the SEC’s reporting and disclosure requirements under applicable United States federal securities laws, and the rules and regulations thereunder, including but not limited to S-K 1300. Further, there is no assurance that any Mineral Resource Estimate or Mineral Reserve Estimate that the Company may report under NI 43-101 would be the same had the Company prepared such estimates under S-K 1300. 

In celebration of International Day of Women and Girls in Science, Nuton proudly recognizes the women driving our innovation forward while inspiring the next generation to explore opportunities in STEM. Meet Abigail and Casandra, two University of Arizona alumnae engineers helping define sustainability at Nuton.

Women in STEM: engineering careers in sustainable mining

Abigail and Casandra are engineers, both hailing from the University of Arizona and both part of the Nuton Graduate Program. Their careers began in the mining industry during a pivotal shift toward green technology. Abigail and Casandra are currently on the ground at Johnson Camp Mine, Nuton’s first industrial-scale deployment, turning the goal of sustainable copper leaching into a daily reality.

Unearthing the world of mining

Both engineers launched their careers with the same fundamental curiosity: What turns a rock into the metal our world depends on?

Abigail, a Chemical Engineering graduate from Orange County, California, found her answer during a mining internship last summer. “I loved seeing all of the heavy equipment on site and learning about the variety of chemical processes it takes to go from rocks to pure copper,” she says. That initial spark led to a career search for a program that offered breadth and depth, which brought her to Nuton.

Casandra is a Mining and Geological Engineering graduate born and raised in Phoenix. She discovered her passion for mining during a tour of the San Xavier Research Laboratory. Later, she was inspired by her senior design project, in which she led mining engineers to develop a drill-and-blast pattern for an underground panel caving excavation. This experience ignited a drive to work with a company that values innovation, growth, and culture.

Why Nuton?

The mining industry has previously been defined by tradition; however, Rio Tinto’s Graduate program offers a fresh perspective, and at Nuton, roles stand out as a departure from traditional mining roles. Abigail and Casandra sought out this rotational structure, allowing early-career engineers to experience a variety of the business’s facets, providing perspective not only on the “how” but also on the “why.”

For Abigail, Nuton was appealing because it offered the opportunity to see the entire
ecosystem of an industrial plant.

Casandra’s path was guided by a desire to align her technical skills with her personal values. Nuton provided that with its innovative goal of sustainability in mining.

“Farming” microbes: A day in the life at Johnson Camp Mine

At Nuton’s Johnson Camp Mine, Nuton´s first industrial-scale deployment, high-level engineering meets real-world application. Every day, Abigail and Casandra observe groundbreaking ideas as they work directly with sustainable, state-of-the-art technology.

Abigail’s day-to-day involves maintaining microbial growth. Her core goal is “farming” microbes, regulating metabolic health and growth rates to drive the biomining process. She understands microbes at a cellular level. But it doesn’t stop there. “Outside of that, I try to get in the field as much as possible to understand what different teams are working on and get exposure to other parts of the process.” Learning something new is a crucial part of every day.

Casandra splits her time between two sectors of the mine. Part of her time is dedicated to learning modeling, project benchmarking, and designing equipment improvements. As an engineering project manager, Casandra has cultivated a passion for the process and operations side of Nuton. The rest of her time is invested in that passion, in the field overseeing and providing technical guidance on the construction, engineering, and commissioning of vital plant components.

Challenging the status quo: STEM careers in copper

Abigail and Casandra’s budding careers represent a vital shift in the mining landscape. Their work bridges the gap between classroom theory and industrial-scale application, and these graduates are at the forefront of Nuton’s mission to redefine how the world sources copper. For Casandra, reshaping the mining industry begins with healthy skepticism and a refusal to accept “the way it’s always been” as the gold standard. “Innovation comes from those who question the conventional,” she says, emphasizing that a more sustainable and efficient future is only possible when we dare to disrupt. 

Their careers serve as a blueprint for the next generation of talent, creating space for young women and girls to follow in their footsteps and showing that meaningful change often begins with challenging long-standing industry norms.

Vancouver, British Columbia – January 22, 2026 — Lion Copper and Gold Corp. (“Lion CG” or the “Company”) is pleased to announce that it has received US$30.5 million from Nuton LLC (“Nuton”), a wholly-owned subsidiary of Rio Tinto, further to the Company’s press release dated November 24, 2025, pursuant to the parties’ previously announced earn-in agreement relating to the advancement of the Yerington Copper Project in Nevada, USA.

The funding represents Nuton’s investment under Stage 3 of the earn-in framework and will be used to advance the Definitive Feasibility Study (DFS) and associated permitting activities, including technical optimization, engineering, environmental studies, and regulatory engagement.

“This investment represents a major execution milestone for Lion CG and further validates the scale, quality and strategic importance of the Yerington Copper Project,” said John Banning, Chief Executive Officer of Lion CG. “This substantial partner funding enables the Company to advance the DFS and permitting work without significant dilution and execution risk for Lion CG shareholders.”

The Yerington Copper Project is located in a Tier-1 U.S. jurisdiction and has the potential, subject to the outcomes of ongoing studies and permitting, to contribute to the domestic production of copper cathode. Establishing additional U.S.-based copper cathode supply is increasingly viewed as strategically important given rising demand from electrification, grid modernization, electric vehicles, and data center infrastructure, and ongoing efforts to strengthen domestic critical mineral supply chains.

Lion CG intends to progress the Yerington Copper Project toward qualification under the U.S. federal FAST-41 permitting framework, which is designed to enhance transparency, coordination, and predictability in the federal permitting process for major infrastructure and critical mineral projects.

As part of the DFS work program, the Nuton® Technology is expected to be further refined, with the objective of improving copper recoveries and potentially reducing capital intensity and environmental footprint relative to conventional processing routes.

Lion CG remains focused on disciplined project advancement, capital stewardship, and long-term value creation as it advances Yerington toward potential development in support of secure, domestic copper supply.

About Lion CG

Lion CG is a junior mining company advancing its Yerington, MacArthur and Bear projects in Lyon County, Nevada through an earn-in agreement with Nuton. The Project focuses on accelerating production from its long-life, low-strip-ratio, brownfield-advantaged Yerington Copper Project utilizing modern processing technologies. 

About Nuton 

Nuton is an innovative venture that aims to help grow Rio Tinto’s copper business. At the core of Nuton is a portfolio of proprietary copper leaching related technologies and capability that offers the potential to economically unlock copper from primary sulfide resources through leaching, achieving market-leading recovery rates and contributing to an increase in copper production at new and ongoing operations. 

One of the key differentiators of Nuton is the ambition to produce the world’s lowest footprint copper while having at least one Positive Impact at each deployment site across five pillars: water, energy, land, materials and society.  

To learn more about Nuton, visit https://nuton.tech/

John Banning
Chief Executive Officer
Lion Copper and Gold Corp.

For more information, please contact:
Email: info@lioncg.com

Forward-Looking Statements

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

This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws (collectively, “forward-looking statements”). Forward-looking statements relate to future events or performance and reflect the Company’s current expectations or beliefs regarding future events. All statements other than statements of historical fact may be forward-looking statements.  Forward-looking statements in this release include, but are not limited to, completion of a Definitive Feasibility Study, permitting, engineering and technical work programs; the potential timing and pathway to commercial copper cathode production; the potential deployment of Nuton® Technology at the Yerington Copper Project; the possible creation of an investment vehicle and the respective ownership interests upon completion of Stage 3; the Company’s expectations regarding project derisking, strategic milestones, and ongoing collaboration with Nuton; and the Yerington Project’s ability to contribute to domestic copper supply and respond to increasing market demand. Forward-looking statements are based on a number of assumptions that, while considered reasonable by the Company at the date of this news release, are inherently subject to significant operational, technical, economic, and competitive uncertainties and contingencies. These assumptions include, but are not limited to: that the Feasibility Study and permitting process will be completed on the anticipated schedule; that Nuton™ Technology will operate as intended at scale; that required regulatory approvals will be obtained; that financing will be available on reasonable terms; and that market conditions for copper will remain favourable. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied in the forward-looking statements. These risks include, but are not limited to: risks related to mineral exploration and development, permitting delays, changes in regulatory frameworks, cost escalation, inability to secure financing, technical challenges associated with deployment of new extraction technologies, commodity price fluctuations, community relations, supply chain constraints, and other customary risks in the mining and technology sectors. There can be no assurance that Stage 3 will be completed as contemplated, or at all, that the Parties will proceed to establish an investment Vehicle upon completion of Stage 3, that the Yerington Project will reach commercial production, or that Nuton® Technology will provide intended benefits at scale.  Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake any obligation to update or revise any forward-looking statements except as required by applicable securities laws. Forward-looking statements speak only as of the date of this news release

Mine reclamation is an arduous process, often taking decades to complete. All modern copper mines in the US operate under strict reclamation requirements, varied by location and jurisdiction. Reclamation is often a continuous process that occurs throughout the life of a mine, not just at its closure. The primary objectives are to promote biodiversity conservation, provide social and economic benefits to local communities, and restore the mined areas to a state of environmental sustainability.

The future of mining depends on sustainable operations to ease mine reclamation and improve environmental impact. A recent study concludes that more copper will be mined over the next 32 years than all of previous history. As the global copper industry sits at near-exponential growth, mines must minimize long-term impact on the environment by utilizing sustainable mining operations, such as Nuton’s nature-based bioleach technologies.

Introduction to mine reclamation

What happens to a mine once it closes? Is it left as a barren, abandoned site, or can it be restored to a healthy ecosystem? The answer lies in mine reclamation – a process that breathes new life into former mining sites, restoring them to stable, productive landscapes.

Mining has played a crucial role in economic development for centuries, supplying essential materials for various industries worldwide. However, the environmental impact of mining – such as land excavation and water use – cannot be overlooked. Mine reclamation offers a practical and necessary solution, helping to reduce or even reverse these impacts.

Mine reclamation, also known as land rehabilitation, is the process of restoring a former mine site to an environmentally-sound state. It’s not just about improving the landscape; it goes as far as rehabilitating ecosystems and ensuring long-term environmental stability. By implementing responsible reclamation, the mining industry moves toward a future of minimal impact operations.

How mine reclamation works

Mine reclamation begins long before mining operations begin. Companies, including Rio Tinto and Nuton, develop detailed plans to ensure land rehabilitation includes reshaping the land, treating water bodies to remove contaminants, restoring topsoil, and reintroducing native vegetation.

Modern reclamation goes even further. Efforts include creating wetlands, restoring streams, and repurposing land for community use, such as parks or agriculture. These initiatives not only heal the environment but also provide lasting social and economic benefits.

Regulations and laws: SMCRA

In the United States, mine reclamation is governed by strict regulations. The most significant of these is the Surface Mining Control and Reclamation Act of 1977 (SMCRA), which sets standards for post-mining land restoration. SMCRA requires mining companies to plan for reclamation before operations begin and secure financial bonds to ensure that restoration is completed.

This law has been instrumental in mitigating the environmental impact of mining, particularly in coal operations. Additionally, state-level regulations complement federal laws, ensuring that reclamation efforts are tailored to each site’s specific needs and environmental conditions.

Mine reclamation challenges and innovations

While mine reclamation is essential, it comes with challenges. Restoring native ecosystems is complex, requiring careful planning and long-term monitoring. Issues such as soil erosion, land instability, and habitat loss demand innovative solutions.

Fortunately, advancements in technology make reclamation more effective. Cutting-edge soil stabilization techniques and bioengineering innovations address these challenges head-on. Through ongoing research, industry collaboration, and sustainable mining practices, mine reclamation is becoming more efficient and impactful.

Sustainable mining to support mine reclamation     

The future of sustainable mining depends on responsible land rehabilitation.

Nuton mining partners benefit from nature-based bioleach technologies to mitigate environmental impact and ease mine reclamation, Nuton’s sustainable mining technology helps process waste materials, accelerate copper leaching, reduce environmental footprint, and eliminate use of concentrators, refineries and smelters.