North Atlantic Titanium to drill Everett Project, Québec

North Atlantic Titanium Corp. [CSE: NATO; OTCQB: NATQF; FSE: Y33], regarding its previous news release of July 14, 2026, the company provided additional information regarding its submission for drilling permits for its program at the company’s Everett Titanium-Vanadium-Phosphate Project, Havre-Saint-Pierre, Québec.

The company holds the 2,406-ha Everett property under option from Romaine River Titanium Inc. Pending on behalf of Romaine River and the company are a PAF (Permit for Forestry Activities) and an ATI (Permit for Work with Impact) for the drilling campaign only. After obtaining permits, the company will engage in, and finance, drilling in success-contingent stages. While awaiting responses regarding the drill permitting, the Company is continuing the surface exploration and metallurgical sampling program.

The company’s diamond drilling plans focus on confirming the 1951 and 1968 diamond drilling in the northern area of the exposed Everett Oxide Body, totalling approximately 25,000 metres across 20 drill pads, to be completed in three years or less. The northern area represents about 50% of the Everett Oxide Body’s tested surface strike length.

The targeted body dips gently, about 20-30°, to the ESE, and the testing work is described as follows: Forest impacts under the PAF application are minimal because NATO is mostly brushing out historical drill trails for access. The work, when completed, will provide access to both the north and south areas of the 2.5-km-long exposure of the Oxide Body. Trails depicted in green on Figure 1 were established in past drilling programs. Those in dashed yellow and magenta are new trails.

The Oxide Body is open down-dip Eastward and along strike to the North. The Corem composite metallurgical sample contained massive Ti-Oxide mineralization grading 37.0% Fe₂O₃, 17.4% TiO₂, 0.18% V₂O₅ and 2.27% P₂O₅.

Stage 1 under the ATI application will comprise 6,000 metres of widely spaced, west-oriented drilling between Section 9N and 19N along a swath 1,320 metres along strike and 600 metres down-dip. This first Stage will delineate the Oxide Body limits in the northern area, collect samples for assay and metallurgical analyses and frame the follow-up drilling.

Stage 2 under the ATI application will comprise success-contingent, west-oriented infill drilling to define a Mineral Resource Estimate (MRE), requiring about 19,000 metres of diamond drilling.

Stage 1 drilling will commence upon acceptance of the ATI application. Stage 2 will likely begin in the late winter of 2026-27.

The mineralized unit on the property is an oxide-apatite-gabbronorite. Unit 7 is extensive, spanning more than six km of strike length on the Property. The main area of historical sampling and drilling within Unit 7 is outlined and named the Everett Oxide Body. The Oxide Body remains open along strike to the north and south, and down-dip.

Corem completed mineralogical characterization on a composite sample set (Col154) from the Everett Property. The Col154 composite was prepared from a subset of 57 metallurgical samples submitted by Romaine River to the Elements08 program and spans the entire Oxide Body.

The sample had a weighted-average head grade measured by Corem of 37.0% Fe₂O₃, 17.4% TiO₂, 0.18% V₂O₅ and 2.27% P₂O₅, with a Satmagan measurement of magnetite averaging a very low 0.9% in the head sample. Importantly, Corem results determine that over 99% of the oxides in the composite sample are hemo-ilmenite (FeTiO₃). Together, the hemo-ilmenite and apatite comprise over 50% of the sample.

Drilling and evaluation of the Everett is informed by the geology and mineralization of the Grenville Province of eastern Québec, a region containing several major Proterozoic anorthosite–mangerite–charnockite–granite (AMCG) magmatic systems and associated deposits of iron, titanium and phosphorus. Everett and the nearby Lac Tio deposit are hosted by the Lac Allard Anorthosite intrusion, which is dated at approximately 1.06 Ga. The Lac Allard Anorthosite intrudes the broader Havre-Saint-Pierre anorthosite complex, which is 1.13 Ga in age.

Lac Tio Deposit is the world’s largest hard-rock ilmenite deposit; it contained more than 200 Mt pre-mining at grades over 60 wt.% hemo-ilmenite (FeTiO₃) Rio Tinto’s Québec titanium dioxide operation supplies approximately 19% of global titanium dioxide feedstock demand, sourced from the Lac Tio open pit and processed at the Sorel-Tracy metallurgical complex.

Everett Oxide Body lies only 3 Km from the Lac Tio Mine. The Unit 7 gabbronorite of Everett occurs within the Lac Allard Anorthosite. Perreault (2001) stated that the Everett mineralization is associated with a jotunite (gabbronorite) band about 3 km long and up to 300 metres thick, composed of ilmenite, hematite, magnetite, and apatite, with plagioclase and orthopyroxene. Locally, oxides and apatite may make up as much as 50% of the rock. The Corem analysis confirms similar petrography but shows a predominantly enstatite composition, yielding an oxide-apatite noritic gabbro classification, as in Lac Tio and nearby ilmenite deposits.

Lac Tio and Everett are both characterized by dominant hemo-ilmenite mineralization. However, Lac Tio is a massive hemo-ilmenite cumulate representing an extreme oxide accumulation within the Lac Allard magmatic system formed from multiple pulses of magma; mineral separates characterize hemo-ilmenite containing 1.6–3.2 wt.% MgO in the deposit.

In contrast, Everett is hosted by a layered intrusion with an uncommon jotunite affinity, termed an oxide-apatite-gabbronorite , with evidence of higher volatile contents such as phosphorus (apatite), and semi-massive hemo-ilmenite with significantly lower Mg, Mn, Cr and Al than Lac Tio. The Corem hemo-ilmenite sample, for example, has a mean MgO content of 0.38%.

The relatively low MgO values observed in the Everett oxide mineralization are consistent with an evolved magmatic differentiation model and distinguish the Everett system chemically from classical anorthosite-hosted Fe–Ti deposits. Rather than being a direct analogue of the nearby massive hemo-ilmenite orebody at the Lac Tio Mine, the Everett Oxide Body is being drill-tested for its distinctive polymetallic mineral assemblage.

The Everett is shown in the Corem testing to have the potential for a low-Mg/Cr hemo-ilmenite concentrate, with potential coproducts of apatite (phosphorus) and vanadium. The project therefore represents a broader Fe–Ti–V-P critical-minerals opportunity than that of a conventional titanium orebody.

Dwayne Yaretz, CEO of NATO, stated: “Metallurgical results reinforce the Company’s strategy to advance a secure, domestic critical minerals processing supply chain in Canada—supporting defense readiness and the reshoring of Western titanium metal production. Our Stage 1 Program will define our technical program and follow-up drilling for the next 18 to 24 months.”

On March 31, 2026, the company joined Romaine River in its collaboration with Centre technologique des résidus industriels (CTRI), Impact Global Solutions (IGS), and Corem in support of metallurgical testing at the Everett project in Québec. The program is managed by the Elements08 Strategic Metals Excellence Centre and is funded by the Government of Québec.

Corem is a Québec City-based, non-profit applied research center specializing in mineral processing, extractive metallurgy, and mineral characterization. It operates as a member-driven consortium, working with mining companies, government agencies, and equipment suppliers. Corem is one of Canada’s leading independent mineral processing laboratories.

North Atlantic Titanium is focused on developing the Everett titanium-vanadium project in Québec, targeting the production of high-quality titanium feedstocks with potential value-added vanadium and phosphate coproducts.

The company also holds a 100% interest in the Sleeping Giant South project, located in the Abitibi greenstone belt, approximately 75 km south of Matagami, Québec.