LEGAL PROCEEDINGS.
−Removed: than the potential challenges to the Exploration PoP anticipated to be filed by environmental and non-government organizations
−Removed: in opposition to exploration at CuMo, we have no knowledge of any material, active, pending or threatened proceeding against us or our
−Removed: subsidiaries, nor are we, or any subsidiary, involved as a plaintiff or defendant in any material proceeding or pending litigation.
+Added: September 12, 2025, International Energy & Mineral Resources Investment Company Limited (“IEMR”), a shareholder of the
+Added: Company, filed a lawsuit in the Fourth Judicial District of Idaho seeking a declaratory judgment that the Lock-Up Agreement dated December
+Added: 21, 2022, and its First Amendment dated March 30, 2024 (collectively, the “Lock-Up Agreement”) have terminated according
+Added: to their terms and that IEMR may freely trade its shares.
+Added: Company maintains that IEMR remains subject to the restrictions of the Lock-Up Agreement and filed its response to the lawsuit on September
+Added: On November 4, 2025, IEMR filed a motion for summary judgement on its declaratory judgement claim.
+Added: The Company’s response
+Added: in opposition to the motion for summary judgement was due on January 29, 2026.
+Added: At that time, IEMR moved to dismiss the complaint without
+Added: prejudice, and the court issued a stipulation dismissing the case.
+Added: Additionally,
+Added: we are involved in a federal district court lawsuit with the Forest Service which is challenging the Exploration PoO P
+Added: anticipated to be filed in June 2025 by environmental and nongovernment organizations in opposition to exploration at
+Added: CuMo, where the Company has intervened.
MINE SAFETY DISCLOSURES.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.