Resouro Strategic Metals Unveils Technical Report for Tiros Titanium and Rare Earths Project

Resouro Strategic Metals Inc. has filed an independent technical report for the Tiros Titanium and Rare Earths Project, a significant development in the Minas Gerais region of Brazil. This comprehensive report provides an in-depth analysis of the project's strong technical and economic foundations, supporting a staged development strategy that could generate attractive economics while minimizing upfront capital requirements.

The Tiros Project, which boasts a sizable Measured and Indicated Mineral Resource of 1.4 billion tonnes, is poised to play a vital role in the global titanium and rare earths market. The technical report, building on the preliminary economic assessment (PEA) disclosed in June 2026, evaluates the viability of a high-grade starter operation with a 500,000 tonne per annum processing facility. This facility is anticipated to operate over a 20-year mine life, targeting approximately 9.5 million tonnes of high-grade run-of-mine material.

The report's findings are decidedly optimistic, with an after-tax net present value (NPV) of US$714.9 million, an after-tax internal rate of return of 44.2%, and an estimated after-tax payback period of just 1.9 years. These strong project economics underscore the potential of the Tiros Project to deliver substantial returns on investment while preserving significant long-term expansion potential.

The development strategy outlined in the report is centered on a capital-efficient approach, focusing on a high-grade starter operation that reduces initial capital requirements. By targeting less than 1% of the current Measured and Indicated Mineral Resource, Resouro aims to shorten the pathway to production, lower execution risk, and preserve the project's exceptional long-term expansion potential.

The project's favorable fundamentals are also noteworthy, combining conventional free-digging open-pit mining with a low strip ratio, the production of three potential product streams, and a location in the established mining jurisdiction of Minas Gerais, Brazil. The conceptual design incorporates dry-stack tailings, further enhancing the project's environmental and social credentials.

While the PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to be categorized as Mineral Reserves, the technical report provides a robust foundation for the project's future development. As Resouro continues to advance the Tiros Project, the company remains committed to transparency and disclosure, confirming that it is not aware of any new information or data that materially affects the forecast financial information and production target for the project.