Nuinsco Resources Limited provided an update on metallurgical results from studies conducted on the Company's Prairie Lake critical minerals and phosphate project located near Terrace Bay, Ontario which indicate excellent progress towards developing a process to economically produce multiple mineral concentrates. The Prairie Lake Project contains a large, well-located resource of critical minerals in North America. It contains significant grades of phosphate mineralization (in apatite) REEs and niobium (in pyrochlore).

The current size of the Project MRE is very large ­ in the order of 900 million tonnes. The Project has amongst the known light rare earth element content in apatite and contains a host of other REE bearing minerals; it also contains a significant endowment of niobium-bearing pyrochlore, and phosphate mineralization. The Project is a potential source of elements needed for use in transportation, power distribution, green industries and a host of other technologies and applications, including agriculture.

The current MRE is already a very large endowment of vitally important critical minerals that are in constantly expanding demand as the world's economies transition towards low-carbon emissions. Securing a reliable critical minerals supply chain is a strategic concern identified by numerous governments in the recent past and addressed with incentives and programs to encourage development of the critical minerals sector. The Project is located near the north shore of Lake Superior, putting it in close or easily accessible reach of: The towns of Marathon, Terrace Bay and other affected communities - all a source of a local, skilled workforce.

All weather forest access road crossing the project and deposit. Paved Highways 17 and 11 to the south and north. Canadian Pacific Kansas City Railway and Canadian National Railway networks.

High capacity (230kV) electrical power transmission line. 50km from the Marathon deep water port project. Deep-water ports are also located at Thunder Bay and Sault Ste.

Marie, able to handle ocean going ships. The Marathon airport.