Patriot Critical Minerals Announces Corporate Update Regarding NI 43-101 Technical Report
Elko, Nevada - Newsfile Corp. - January 7, 2026 - Patriot Critical Minerals ("Patriot" or the "Company"), a U.S.-based critical minerals developer advancing the 100%-owned MEGA tungsten project in Elko County, Nevada, announces that as a result of a review by the British Columbia Securities Commission (the "Commission"), the Company is issuing the following news release to clarify its disclosure.
Following the Commission's review, the Company is noting that the technical report filed on November 27, 2025 is not in compliance with the requirements of National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and investors should not rely on the information contained in this technical report.
The Company originally filed a technical report for the Company's MEGA Project on SEDAR+ because it disseminated scientific and technical information about the MEGA Project to the public in Canada through a news release dated August 26, 2025. This news release triggered the disclosure requirements of NI 43-101.
The Company will be filing a revised technical report on SEDAR+ to address the comments received from the Commission and will ensure the commodity pricing information and all information within the technical report is adopted by the Qualified Person. Within the originally filed technical report, the commodity pricing information had been provided by an external market data and analysis company. When the technical report is re-filed, the Company will ensure the corresponding certificate(s) of the Qualified Person(s) are also filed on SEDAR+.
About Patriot Critical Minerals
Patriot Critical Minerals is a U.S.- based company dedicated to the development of critical minerals, with a primary focus on advancing its wholly owned MEGA tungsten project located in Elko County, Nevada. Encompassing 310 acres across 15 unpatented lode mining claims, the MEGA project represents one of the largest known tungsten deposit in the United States. To learn more, please visit our website at www.patriotcritical.com.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward‐looking statements and forward‐looking information (collectively, "forward‐looking statements") within the meaning of applicable Canadian legislation. Forward‐looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved.
All statements in this news release that are not purely historical are forward‐looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future. Specifically, the forward-looking statements include the anticipated filing of a revised NI 43-101 technical report. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. In making the forward‐looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the NI 43-101 technical report will be revised and filed on SEDAR+. Other factors may also adversely affect the future results or performance of the Company, including general economic, market or business conditions, future prices of minerals, changes in the financial markets and in the demand for minerals, changes in laws, regulations and policies affecting the mineral exploration industry, as well as additional risks that cannot be anticipated at this time. Ongoing labour shortages, inflationary pressures, rising interest rates, the global financial and geopolitical climate and the conflicts in Ukraine and Palestine and surrounding regions are some additional factors that are affecting current economic conditions and increasing economic uncertainty, which may impact the Company's operating performance, financial position, and future prospects. Collectively, the potential impacts of this economic environment pose risks that are currently indescribable and immeasurable. No assurance can be given that any of the events anticipated by the forward‐looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are cautioned that forward‐looking statements are not guarantees of future performance or events and, accordingly, are cautioned not to put undue reliance on forward‐looking statements due to the inherent uncertainty of such statements. The Company does not undertake any obligation to update such forward‐looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.
For further information regarding this press release, please contact:
Patriot Critical Minerals
+1-604-910-1804
info@patriotcritical.com
705-1030 West Georgia St., Vancouver, BC, V6E 2Y3
www.patriotcritical.com
The issuer is solely responsible for the content of this announcement.
