Month: September 2026

Company to host a virtual event today at 8:00 a.m. ET

CAMBRIDGE, Mass., Sept. 14, 2026 (GLOBE NEWSWIRE) — Cullinan Therapeutics, Inc. (Nasdaq: CGEM), a clinical-stage biopharmaceutical company accelerating potential first- or best-in-class, disease-modifying T cell engagers in autoimmune diseases and cancer, today announced that it will host a virtual event for analysts and institutional investors today at 8:00 a.m. ET to discuss the results from the planned interim analysis of the Phase 3 REZILIENT3 trial of zipalertinib plus chemotherapy presented in Presidential Symposium 2 at the International Association for the Study of Lung Cancer’s (IASLC) 2026 World Conference on Lung Cancer (WCLC).

Virtual Event Details

Cullinan Therapeutics will host a virtual event for analysts and institutional investors today at 8:00 a.m. ET. Participants from Cullinan Therapeutics include Nadim Ahmed, Chief Executive Officer, and Jeffrey Jones, MD, MBA, Chief Medical Officer.

A live webcast will be available via the events page of Cullinan Therapeutics’ investor relations website at https://investors.cullinantherapeutics.com/events. A replay will be archived on the website following the event.

About Cullinan Therapeutics

Cullinan Therapeutics, Inc. (Nasdaq: CGEM) is a biopharmaceutical company developing potential first- or best-in-class, disease-modifying T cell engagers for autoimmune diseases and cancer. Cullinan pursues promising therapeutic targets while leveraging core expertise in T cell engagers, which are established in oncology and are now advancing into autoimmune diseases. With a clinical-stage pipeline built on a rigorous scientific approach and purposeful innovation, Cullinan is advancing its mission to deliver new standards of care for patients. Learn more about Cullinan at https://cullinantherapeutics.com/, and follow Cullinan on LinkedIn and X.

Contacts

Cullinan Therapeutics
Investors
Nick Smith
+1 401.241.3516
Nsmith@cullinantx.com

Media
Rose Weldon
+1 215.801.7644
Rweldon@cullinantx.com

CALGARY, Alberta, Sept. 14, 2026 (GLOBE NEWSWIRE) — TransAlta Corporation (TransAlta or the Company) (TSX: TA) (NYSE: TAC) confirms that its subsidiary, TransAlta Centralia Generation LLC, has received an order (The Order) from the United States Department of Energy. The Order mandates that Centralia Unit 2 in Washington State remain available for operation, for a period of 90 days, until December 12, 2026.

Once in effect, TransAlta will continue to comply with the Order and to work with the U.S. Department of Energy and Washington state government in relation thereto. 

About TransAlta Corporation:

TransAlta is one of Canada’s largest publicly traded power generators, delivering reliable electricity across Canada, the United States and Western Australia. For more than 115 years, our people have safely operated and evolved essential energy infrastructure that powers customers and communities. Our technology-diverse portfolio and disciplined execution allow us to deliver dependable power across evolving energy systems. We take a practical, responsible approach to meeting today’s energy needs while building for what comes next.

For more information about TransAlta, visit our web site at transalta.com.

Cautionary Statement Regarding Forward-Looking Information

This news release includes “forward-looking information,” within the meaning of applicable Canadian securities laws, and “forward-looking statements,” within the meaning of applicable United States securities laws, including the Private Securities Litigation Reform Act of 1995 (collectively referred to herein as “forward-looking statements”). Forward-looking statements are not facts, but only predictions and generally can be identified by the use of statements that include phrases such as “may”, “will”, “believe”, “expect”, “estimate”, “anticipate”, “intend”, “plan”, “forecast”, “continue” or other similar words. Forward-looking statements are intended to provide the reader information about management’s current expectations and plans and readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements are subject to important risks and uncertainties and are based on certain key assumptions. All forward-looking statements reflect TransAlta’s beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. As actual results could vary significantly from the forward-looking statements, you should not put undue reliance on forward-looking statements and should not use future-oriented information or financial outlooks for anything other than their intended purpose. We do not update our forward-looking statements due to new information or future events, unless we are required to by law. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to our most recent MD&A and the 2025 Annual Report, including the section titled “Governance and Risk Management” in our MD&A for the year ended December 31, 2025, filed under TransAlta’s profile on SEDAR+ at www.sedarplus.ca and with the U.S. Securities and Exchange Commission at www.sec.gov.

Note: All financial figures are in Canadian dollars unless otherwise indicated.

For more information:

Investor Inquiries:	Media Inquiries:
Phone: 1-800-387-3598 in Canada and US	Phone: 1-855-255-9184
Email: investor_relations@transalta.com	Email: ta_media_relations@transalta.com

(All dollar amounts are expressed in Canadian dollars, unless stated otherwise)

HIGHLIGHTS Positive formal construction decision on the Cariboo Gold Project made by the Board of Directors, with an expected first gold pour in Q1 2029 and commercial production in H2 2029 US$30 million strategic private placement from an affiliate of Trafigura, concentrate and doré off-take from Trafigura, and potential prepayment facility of up to US$120 million Go-forward capital obligation update for the Cariboo Gold Project of $990 million, supported by total available and proposed estimated sources of capital of up to $1,637 million, including $837 million in cash & equivalents Project completion estimated at 22% as of July 31, 2026; Detailed engineering is approximately 40% complete; Procurement and commitments for long-lead items is progressing with an overall completion of approximately 44%; $325 million has been committed to date

TORONTO, Sept. 14, 2026 (GLOBE NEWSWIRE) — Osisko Gold Group Inc. (NYSE: OGG, TSXV: OGG) (“Osisko Gold” or the “Company“) is pleased to announce that its Board of Directors has made a formal positive decision to proceed with the construction of the Company’s 100%-owned Cariboo Gold Project (“Cariboo” or the “Project“), located in central British Columbia, Canada.

Sean Roosen, Chairman and CEO, commented: “The Board’s formal positive decision to commence full-scale construction of our flagship Cariboo Gold Project represents a defining milestone for Osisko Gold and a pivotal inflection point toward our objective of becoming an intermediate gold producer. This decision is a culmination of more than a decade of de-risking work on the Project, from early exploration when the first drills hit the ground in 2015, through permitting and technical studies, and into project financing and pre-construction. It reflects our confidence in the significant long-term value Cariboo can deliver to our shareholders and other stakeholders, and in the transformational impact it can have on the future of Osisko Gold. I’d like to commend our talented team for their professionalism, dedication and extensive contributions over the years that have brought us to this important milestone.”

“With this step forward, supported by our strong balance sheet position and other sources of available and proposed funding, our focus is now firmly on disciplined project execution toward first gold in early 2029. Based on an estimated remaining go-forward capital obligation of C$990 million and spot gold prices of US$4,350/oz, the Project demonstrates robust economics with after-tax NPV5% of C$3.2 billion, after-tax IRR of 42.7%, and average annual free cash flow of C$642 million in the first 5 years, underscoring its significant leverage to the gold price. Construction is expected to support 613 direct jobs at its peak, followed by 525 permanent jobs during operations, while generating substantial direct and indirect economic benefits for local communities and the Province of British Columbia. Bringing Cariboo through construction and into production represents only the first step in establishing a strong platform for the Company’s long-term growth strategy. In parallel, we continue to accelerate ongoing conversion drilling within the current deposit and advance exploration of the substantial potential at depth and along strike within the existing permit footprint, as well as across the broader Cariboo regional property. We look forward to providing further regular updates on our progress.”

Project Go-Forward Capital Obligation Estimate Update

The Project’s remaining go-forward capital obligation is estimated at $990 million, net of approximately $272 million in costs incurred up to and including July 31, 2026, inclusive of contingency of approximately 16.5%, and assuming the leasing of major mining equipment of approximately $117 million. Relative to the initial cost estimate outlined in the 2025 Optimized Feasibility Study (as defined herein), the go-forward update reflects costs incurred to date, progress achieved on detailed engineering and the procurement of major contracts, updates to certain cost assumptions to account for market inflation due to passage of time and broader industry and labour trends, inclusion of costs related to a PCM contract, and the reclassification of certain expenditures previously included in operating costs, principally those associated with the construction of the transmission line. The update also reflects certain modifications to the construction schedule, resulting in an anticipated 30-month construction period from August 1, 2026 (from 24 months in the 2025 FS) to first gold pour in Q1 2029 and 36 months (from 34 months in the 2025 FS) to commercial production in H2 2029.

Table 1: Go-forward Capital Obligation Estimate Update – Summary1,6
Items	Go-forward Capital Obligation (C$ mm)			Go-forward Capital Obligation (US$ mm)2
Underground mine & development3	$390			$283
Water and waste management	$124			$90
Power and electrical	$98			$71
Surface infrastructure	$47			$34
Process plant – Mine Site Complex	$213			$154
Construction indirects	$215			$156
Contingency (16.5%)	$82			$59
Capital Costs	$1,169			$847
Pre-production net revenue4	($231)			($167)
Pre-production capitalized operating costs4	$169			$122
Equipment financing5	($117)			($85)
Go-forward Capital Obligation Update	$990			$717

1. From August 1, 2026.
2. Assuming a USD:CAD exchange rate of C$1.38 per US$1.00.
3. Underground mine and development costs already include an embedded contingency.
4. The pre-production period is defined as the period prior to the achievement of a minimum of 30 consecutive days of operations during which the mill operates at an average of at least 60% of nameplate throughput of 4,900 tpd. During this ramp-up phase operating costs are capitalized and netted against revenues.
5. Equipment lease financing includes certain assumptions on mining and other equipment contemplated under currently negotiated, non-binding term sheets, and remain subject to change as negotiations progress. The equipment leasing market remains robust, and the Company continues to evaluate opportunities that would enhance its financial flexibility throughout the construction period and thereafter.
6. Totals may not add up due to rounding.
7. In connection with the go-forward capital obligation update, the Company will undertake a normal course review of its non-financial assets relating to the Cariboo Gold Project in accordance with IFRS Accounting Standards as at September 30, 2026, as part of its third quarter 2026 financial results preparation. For the avoidance of doubt, any impairment charge, if any, would be non-cash in nature and would have no impact on the Company’s cash flows.

The estimated go-forward capital obligation is expected to be expended over the construction period set out below, based on an assumed USD:CAD exchange rate of C$1.38 per US$1.00. To mitigate financial exposures associated with the go-forward capital obligation, including currency and commodity risks, and to protect future operating cash flows, the Company may opportunistically contemplate entering into derivative contracts, such as put options.

Table 2: Go-forward Capital Obligation – Estimated Timing of Spend (% of total)1,2
20263		2027		2028		2029
10%		40%		35%		15%

1. Assuming a USD:CAD exchange rate of C$1.38 per US$1.00.
2. Capital spend percentage breakdown associated with capital cost items only, and excludes capitalized revenue in year 2029.
3. Partial year from August 1, 2026, onwards.

The Project is designed as a conventional, decline-accessed underground mining operation employing mechanized long-hole stoping mining methods, with paste backfill, to extract ore from gold-bearing vein corridors. Underground access is currently provided through the Cow portal, with development extending into the Lowhee and Cow deposit Zones. At the mine site complex, earthworks have commenced on the second underground access at the Valley Portal. Once established, the Valley Portal will provide a second development front and support critical path primary development access to the Valley and Shaft Zones, which host the majority of the Cariboo Gold deposit’s mineral reserves and mineral resources.

Approximately 3.0 kilometres of underground development has been completed to date. Early works have already commenced during pre-construction, with preparatory activities advancing at the mine site complex, waste rock storage facility, sediment control pond and water treatment plant, among other areas. Major earthworks are scheduled to ramp-up in Q3 2026 and are expected to continue through Q4 2027, with the process plant foundations work commencing in the summer of 2027 and building enclosure targeted for Q2 2028. The expected timeline to commercial production, including key milestones and work areas, is outlined in Figure 1 below:

FIGURE 1: Cariboo Gold Project Development Timeline to Commercial Production

Trafigura Financing and Commercial Agreements

As part of the Board’s decision to approve a final investment decision (“FID“), the Company is pleased to announce that it and its wholly-owned subsidiary, Barkerville Gold Mines Ltd. (“Barkerville“), have entered into agreements (the “Trafigura Financing and Commercial Agreements“) with Trafigura Canada Limited (“Trafigura“) and Urion Investments Holdings Limited (“Urion“), an affiliate of Trafigura, that support the development of the Project.

The Trafigura Financing and Commercial Agreements comprises: (i) a subscription agreement between the Company and Urion pursuant to which Urion has agreed to acquire 9,554,141 common shares of the Company (each, a “Common Share“) at a price of US$3.14 per Common Share (the “Issue Price“), representing a 10% premium to the five-day volume weighted average price of the Common Shares on the TSX Venture Exchange prior to signing, for gross proceeds of approximately US$30 million (the “Equity Investment“); (ii) offtake agreements between Barkerville and Trafigura for 100% of the (x) gold concentrate for the first four years of production at the Cariboo Gold Project (or until 80,000 dry metric tons of concentrate are delivered) and (y) gold doré for the first four years of production (together, the “Offtake Agreements“); and (iii) non-binding terms and an exclusivity period in respect of a potential subordinated gold prepayment facility and a further six-years of concentrate and doré offtake between Barkerville and Trafigura (the “Prepay Facility“). The proposed Prepay Facility, as currently contemplated, doesn’t provide for any financial maintenance covenants, with final terms remaining subject to the execution of a definitive agreement.

Sean Roosen further commented: “We are very pleased to welcome Trafigura, a global leader in the commodities industry, as a long-term strategic partner at Cariboo. Its strategic investment in the Company reflects confidence in both the Project and our team’s ability to execute on its construction. We look forward to advancing towards a definitive agreement on the prepay financing, which would provide a significant additional non-dilutive source of capital for the construction of Cariboo.”

The proceeds of the Equity Investment will be used for the development of the Cariboo Gold Project. The Common Shares to be issued under the Equity Investment will be subject to a statutory hold period of four months and one day from the date of issuance pursuant to applicable Canadian securities laws. Closing of the Equity Investment remains subject to final acceptance of the TSX Venture Exchange and the New York Stock Exchange.

In connection with the Equity Investment, Urion has also agreed to enter into a voting support agreement with the Company (the “Voting Support Agreement“), pursuant to which Urion will agree to vote its Common Shares in accordance with the recommendations of the board of directors or management of the Company, subject to certain exceptions. The Voting Support Agreement also contains customary standstill and lock-up provisions restricting Urion’s ability to acquire additional Common Shares or dispose of its Common Shares for specified periods.

The Offtake Agreements provide for the purchase by Trafigura of 100% of the gold concentrate and doré bars produced by Barkerville from the Cariboo Gold Project at prices that incorporate prevailing London Bullion Market Association and deductions including standard treatment and refining charges. Deliveries under the Offtake Agreements are expected to commence upon the start of first gold pour at the Cariboo Gold Project.

Barkerville and Trafigura have also agreed to non-binding terms in respect of a potential Prepay Facility of up to US$120 million and Trafigura has been granted an exclusivity period during which the parties will negotiate definitive documentation for such facility. There is no assurance that definitive documentation for the Prepay Facility will be entered into on the terms currently contemplated or at all. The non-binding terms contemplate that the Prepay Facility will be secured by a subordinated security interest against the assets of Barkerville. The facility is contemplated to be available to draw for three years from closing, with a maturity date that is at a minimum five years from closing at an interest rate of SOFR plus 6.00%.

Double Zero Capital LP (“Double Zero“), an existing insider of the Company, has pre-emptive rights under the investor rights agreement dated August 15, 2025, between Double Zero and the Company (the “Double Zero IRA“) to participate in the Equity Investment on the same terms as Urion, subject to the terms and conditions of the Double Zero IRA. Double Zero is entitled to participate in the Equity Investment on the same terms as Urion in order to maintain its existing ownership percentage in the Company. As of the date hereof, Double Zero has not waived its pre-emptive rights under the Double Zero IRA.

Closing of the Equity Investment is expected to occur in September 2026, subject to the satisfaction of customary closing conditions, including final acceptance of the TSX Venture Exchange and the New York Stock Exchange. The Equity Investment is not subject to any minimum subscription amount.

Sources and Uses of Capital

The Company intends to maintain a disciplined approach to capital allocation over the ensuing construction period, focused on preserving sufficient liquidity and financial flexibility through the Project’s construction, ramp-up and achievement of commercial production. The Company also intends to continue its infill and conversion drilling programs throughout the construction phase to further de-risk planned production areas by: (a) increasing geological confidence and definition of the existing measured and indicated mineral resources, and (b) supporting the upgrade of inferred mineral resources to higher confidence categories and, where appropriate, their potential conversion of such resources to mineral reserves after considering applicable modifying factors.

Table 3 summarizes the estimated sources and uses of capital from August 1, 2026 through to forecasted commercial production in H2 2029. Total sources of capital are estimated at approximately $1,637 million (US$1,186 million) and comprise current cash and cash equivalents, marketable securities, and project debt, and are subject to the successful closing of the Equity Investment, the execution of the related definitive agreement in connection with the gold prepay facility, and certain assumptions in relation to equipment financing. Estimated uses of capital are estimated at approximately $1,435 million (US$1,040 million) and include the remaining go-forward capital obligation, working capital, exploration expenditures, debt service and financing costs, and other general corporate expenditures. This results in projected surplus liquidity of approximately $201 million (US$146 million).

TABLE 3: Sources and Uses of Capital (from August 1, 2026 to commercial production)

1. Adjusted working capital is as of June 30, 2026, and includes cash and cash equivalents of approximately $837 million, net of current liabilities.
2. Exploration expenditures include remaining flow-through expenditure obligations of approximately $22 million, with the balance related to planned exploration activities across conversion, infill, and CGP deeps exploration surface and underground drilling.

Additional potential sources not reflected in the estimated sources above include proceeds, if any, from the exercise of certain outstanding warrants of the Company. Full exercise of such warrants would generate potential proceeds of approximately US$120 million from the warrants expiring in August 2027 with an exercise price of US$2.56 per Common Share, which are subject to an acceleration provision beginning in mid-November 2026, and approximately US$150 million from warrants expiring in October 2029 with an exercise price of US$3.00 per Common Share. The Company continues to actively evaluate opportunities to optimize its project debt structure and reduce its overall cost of capital. The exercise of Company warrants is entirely at the discretion of the holders thereof, and there can be no assurance that any or all of the Company warrants will be exercised or that the Company will receive any proceeds therefrom.

Summary of Project Metrics

In connection with the Project’s go-forward capital obligation update, the Company has adjusted, where applicable, certain financial inputs in the Cariboo Technical Report (as defined herein) to reflect the Project’s current status and the prevailing commodity price environment, which have an impact on project economics. As noted above, the update also reflects certain modifications to the construction schedule, resulting in an anticipated 30-month construction period from August 1, 2026 (from 24 months in the 2025 FS) to first gold pour in Q1 2029 and 36 months (from 34 months in the 2025 FS) to commercial production in H2 2029.

Except for these adjustments, the information contained in the Cariboo Technical Report (as defined herein) relating to geology and mineralization, mineral reserves and mineral resources, mining methods and mineral processing, together with all other material assumptions and qualifications, remains current and unchanged. A summary of Project metrics is presented in Table 4:

Table 4: Cariboo Gold Project – Summary of Project Metrics1
Metric	units	Feasibility Study (April 2025)	Go-Forward Update (August 2026)
Mine life	years	10	10
Annual throughput	tpd	4,900	4,900
Average gold head grade	g/t Au	3.62	3.62
Total payable gold, LOM	koz Au	1,894	1,894
Avg. gold production, LOM / First 5 years	koz/yr	190 / 202	190 / 202
Gold price	US$/oz	$2,400	$3,570 (LT consensus)	$4,350 (spot)
Exchange rate	USDCAD	1.35	1.38	1.38
Total cash costs2	US$/oz	$947	$957	$996
All-in sustaining costs2	US$/oz	$1,157	$1,163	$1,202
Project Go-Forward Capital Obligation3
Initial capital	$ mm	$881	$990	$9394
Sustaining capital	$ mm	$426	$426	$426
Economic Results (after-tax)
Total free cash flow, LOM	$ mm	$1,577	$3,610	$4,828
Net present value (NPV5%)	$ mm	$943	$2,323	$3,181
Internal rate of return (IRR)	%	22.1%	34.7%	42.7%
Payback, from commercial production	years	2.8	2.2	1.8
Average free cash flow2, LOM / first 5 years	$ mm	$158 / $296	$362 / $5215	$485 / $6425

1. Totals may not add up due to rounding. Spot pricing scenario is based on the LBMA gold price as of the close of business on September 11, 2026, rounded to nearest US$50/oz.
2. Non-IFRS Financial Measure. See Cautionary Statements – Non-IFRS Financial Measures.
3. Go-forward capital obligation associated with the August 2026 update assumes remaining capital costs from August 1, 2026 to commercial production. Refer to Table 1 for a more detailed breakdown.
4. Under the spot gold price scenario, higher pre-production revenues provide a greater offset to the go-forward capital obligation than under the long-term consensus pricing scenario.
5. Average free cash flow for the first 5 years is calculated for the periods between 2029 and 2034, inclusive of the pre-production period.

Cariboo Gold Project Update

Project Activity	Update
Health and Safety	The Total Recordable Injury Frequency Rate for the Project sits at 1.21 year-to-date for 2026, with over 2.3 million total person-hours worked project-to-date.
Project Completion	Based on total costs incurred to date, including indirects and owners’ costs, overall project completion is estimated at 22%, as of July 31, 2026.
Underground Development	Approximately 3.0 km of underground development has been completed to date. Underground development continues from the existing Cow Portal into the Lowhee Zone and along the main access ramp into the Cow Mountain Zone. Development rates continue to improve as headings advance beyond the Lowhee fault, where enhanced ground support was required, and into more favourable ground conditions in the Cow Zone. Development rates are expected to reach target monthly rates of up to approximately 500 metres by year-end. At the mine site complex, earthworks have commenced on the second underground access at the Valley Portal, which is expected to be collared by mid-September 2026. Once established, it will provide a second development front and support critical path primary development access to the Valley and Shaft Zones, which host the majority of the Cariboo Gold deposit’s mineral reserves and mineral resources. A total of four (4) portal accesses are planned, with no shafts or hoisting systems. The existing Cow portal will serve as the primary access for mine equipment and waste haulage, while the three portals at the Valley Complex will provide secondary access, ventilation, and material conveyance, respectively.
Site Infrastructure	Water treatment plant – upgrades to the Bonanza Ledge water treatment plant are complete. Final commissioning continues, with full operation expected in Q3 2026. Excavation for the Mine Site Complex water treatment plant, which will serve as the primary facility during operations, has commenced, with the plant slated to be fully operational by the end of 2027. Sediment control pond (Bonanza Ledge) – has been completed. Waste rock storage facility – construction is progressing with Phase 1a cut and fill completed, underdrains installation complete, and placement of liner bedding approximately 50% complete. Completion of Phase 1 is anticipated in mid-2027. Permanent camp – the site camp upgrade and expansion to 375 rooms is complete and, together with other Company-controlled accommodations, is expected to provide sufficient capacity aligned with peak construction and exploration manpower requirements. Construction of other critical infrastructure is progressing.
Early Works	Early works at the mine site complex, which will host the primary processing facility, commenced in Q2 2026 and include tree clearing and geotechnical drilling. Excavation of the Valley Portal and earthworks and foundation construction for the main water treatment plant at the Mine Site Complex have commenced in Q3 2026. Installation of the Willow River Bridge, which will provide the Project’s primary access once completed, is expected to begin in Q3 2026.
Transmission Line	All long lead packages, transformer, conductor cabling and high voltage breakers have been procured and are expected to arrive at site in Q3 2027.
Engineering	Approximately 40% of detailed engineering has been completed. Engineering progress status for key planned activities by category is as follows: process plant & site utilities (10%), water treatment plant (90%), MSC sediment control pond (10%), waste rock storage facility (100%), MSC civil works (75%), transmission line (100%), overland piping (75%), and other remaining areas (75%).
Procurement	Procurement and commitments for long-lead items is progressing and includes a total of 466 work contract packages, with overall completion at approximately 44%. Approximately $325 million has been committed to date. Major construction contracts have been awarded, including those covering earthworks, structural steel erection, electrical and instrumentation, site services, the transmission line, overland piping, and others. Procurement activities for the remaining contract packages are actively progressing.
Construction Management	Project and Construction Management Services Agreement with JDS Energy & Mining Inc. in place.
Permitting	The Project obtained all permits necessary for construction, operation, and closure in Q4 2024 with the receipt of the Mines Act (British Columbia) and Environmental Management Act (British Columbia) permits. License of Occupation for the transmission line is expected to be obtained in Q4 2026. All remaining authorizations, permit amendments, and routine construction permits are expected to be obtained in the ordinary course as construction progresses.
Labour and workforce	Construction and exploration workforce at site currently exceeds 350 active personnel and is expected to ramp-up to up to 360-375 over the coming months.
First Nations and Stakeholder Engagement	The Company has entered into a Life of Project Agreement with Lhtako Dené Nation (2020) and entered into a Participation Agreement with Williams Lake First Nation (2022). Consultation and engagement with Xatśūll First Nation continues. The Company entered into a Support and Benefits Agreement with the District of Wells (2026) and continues to be an active participant in the local community.
Exploration	Underground development reached the first access point into the Cow Mountain Zone where a dedicated drill gallery is being advanced to enable infill drilling to support resource conversion, which is expected to commence at the end of September 2026. Up to 20 drill rigs are expected to be active at times throughout 2026 and beyond, as the various programs overlap and advance, representing up to approximately 160,000 metres of planned drilling across all targets. Thirteen drill rigs are currently operating across all programs, including three drills active underground.

Project Development Photos

A Media Snippet accompanying this announcement is available by clicking on this link.

ABOUT THE CARIBOO GOLD PROJECT

The Cariboo Gold Project is a permitted, 100%-owned feasibility-stage project located in the historic Wells-Barkerville mining camp of central British Columbia, Canada. Spanning approximately 186,740 hectares, the Company’s land package includes 443 mineral titles and covers an area that extends approximately 77-kilometres from northwest to southeast. In late 2024, the Project was granted the Mines Act and Environmental Management Act (British Columbia) permits, marking the successful completion of the permitting process for key approvals, solidifying the Project’s shovel-ready status.

Mineral Reserves Estimate – Cariboo Gold Project

The mineral reserves estimate for the Cariboo Gold Project included in the Cariboo Technical Report (as defined herein) has an effective date of April 10, 2025. Only mineral resources that were classified as measured and indicated were given economic attributes in the mine design, and when demonstrating economic viability were classified as mineral reserves.

Cariboo Gold Project – Mineral Reserves Statement (April 10, 2025)
Category / Zone		Tonnage		Gold Grade		Contained Gold
		(tonnes)		(g/t)		(oz)
Proven		—		—		—
Probable
Cow		3,999,971		3.35		430,548
Valley		3,238,636		3.59		374,058
Shaft		8,548,295		3.72		1,021,599
Mosquito		1,105,370		3.94		140,102
Lowhee		923,162		3.52		104,491
Total Proven & Probable		17,815,435		3.62		2,070,798

Notes:

1. Totals may not add up due to rounding.
2. The mineral reserve estimate follows the 2014 CIM Definition Standards on Mineral Resources and Reserves and the 2019 CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines.
3. Mineral reserves used the following assumptions: US$1,915/oz gold price, USD:CAD exchange rate of 1.32, and variable cut-off value from 1.70 g/t to 2.0 g/t Au
4. Mineral reserves include both internal and external dilution along with mining recovery. The external dilution is estimated to be 10.1%. The average mining recovery factor was set at 91.3% to account for ore left in each block in the margins of the deposit.

Mineral Resources Estimate – Cariboo Gold Project

The mineral resources estimate for the Cariboo Gold Project included in the Cariboo Technical Report (as defined herein) has an effective date of April 22, 2025, and is reported exclusive of mineral reserves. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The reader is cautioned that inferred mineral resources have a greater degree of uncertainty than indicated mineral resources and must not be converted to mineral reserves; it is reasonably expected, though not guaranteed, that the majority of inferred mineral resources could be upgraded to indicated mineral resources with continued exploration.

Table 6: Cariboo Gold Project – Mineral Resources Statement (April 22, 2025)
Category / Zone		Tonnage		Gold Grade		Contained Gold
		(000’s tonnes)		(g/t)		(000’s oz)
Measured
Bonanza Ledge		47		5.06		8
Indicated
Bonanza Ledge		32		4.02		4
BC Vein		1,057		3.00		102
KL		527		2.80		47
Lowhee		1,333		2.76		118
Mosquito		1,553		2.96		148
Shaft		6,121		2.92		575
Valley		2,718		2.70		236
Cow		3,991		2.91		374
Total Indicated Resources		17,332		2.88		1,604
Total Measured & Indicated		17,380		2.88		1,612
Inferred
BC Vein		596		3.17		61
KL		2,514		2.53		205
Lowhee		486		3.01		47
Mosquito		1,883		3.08		186
Shaft		7,457		3.44		826
Valley		2,470		3.01		239
Cow		3,368		2.78		301
Total Inferred Resources		18,774		3.09		1,864

Notes:

1. The independent and qualified persons for the mineral resources estimates, as defined by NI 43-101, are Carl Pelletier, P.Geo., and Tessa Scott, P.Geo. (Norda Stelo). The effective date of the mineral resource estimate included in the Cariboo Technical Report is April 22, 2025.
2. These mineral resources, exclusive of the reserves, are not mineral reserves and do not have demonstrated economic viability.
3. The mineral resources estimate follows the 2014 CIM Definition Standards on Mineral Resources and Reserves and the 2019 CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines.
4. A total of 481 vein zones were modelled for the Cow Mountain (Cow and Valley), Island Mountain (Shaft and Mosquito), Barkerville Mountain (BC Vein, KL, and Lowhee) deposits and one gold zone for Bonanza Ledge. A minimum true thickness of 2.0 m was applied, using the gold grade of the adjacent material when assayed or a value of zero when not assayed.
5. The estimate is reported for a potential underground scenario at a cut-off grade of 1.8 g/t Au, except for Bonanza Ledge at a cut-off grade of 3.5 g/t Au. The cut-off grade for the Cow, Valley, Shaft, Mosquito, BC Vein, KL, and Lowhee deposits was calculated using a gold price of US$2,400/oz; a USDCAD exchange rate of 1.35; an underground mining cost of $66.3/t; a processing and transport cost of $30.80/t; a G&A plus Environmental cost of $22.40/t; and a sustaining CAPEX cost of $45.6/t. No changes have been applied for the Bonanza Ledge. The cut-off grade for the Bonanza Ledge deposit was calculated using a gold price of US$1,700/oz; a USDCAD exchange rate of 1.27; an underground mining cost of $79.13/t; a processing and transport cost of $65.00/t; and a G&A plus Environmental cost of $51.65/t. The cut-off grades may be re-evaluated in light of future prevailing market conditions (metal prices, exchange rate, mining cost, etc.).
6. Density values for Cow, Shaft, Lowhee, and BC Vein were estimated using the ID2 interpolation method, with a value applied for the non-estimated blocks of 2.80 g/cm3 for Cow, 2.78 g/cm3 for Shaft, 2.74 g/cm3 for Lowhee, and 2.69 g/cm3 for BC Vein. Median densities were applied for Valley (2.81 g/cm3), Mosquito (2.79 g/cm3), and KL (2.81 g/cm3). A density of 3.20 g/cm3 was applied for Bonanza Ledge.
7. A four-step capping procedure was applied to composited data for Cow (3.0 m), Valley (1.5 m), Shaft (2.0 m), Mosquito (2.5 m), BC Vein (2.0 m), KL (1.75 m), and Lowhee (1.5 m). Restricted search ellipsoids ranged from 7 to 50 g/t Au at four different distances ranging from 25 m to 250 m for each deposit. High grades at Bonanza Ledge were capped at 70 g/t Au on 2.0 m composited data.
8. The gold mineral resources for the Cow, Valley, Shaft, Mosquito, BC Vein, KL, and Lowhee vein zones were estimated using Datamine StudioTM RM 1.9 software using hard boundaries on composited assays. The dilution halo gold mineralization was estimated using Datamine StudioTM RM Pro 1.11. The OK method was used to interpolate a sub-blocked model (parent block size = 5 m x 5 m x 5 m). Mineral resources for Bonanza Ledge were estimated using GEOVIA GEMSTM 6.7 software using hard boundaries on composited assays. The OK method was used to interpolate a block model (block size = 2 m x 2 m x 5 m).
9. Results are presented in situ. Ounce (troy) = metric tons x grade / 31.10348. Calculations used metric units (metres, tonnes, g/t). The number of tonnes were rounded to the nearest thousand. Any discrepancies in the totals are due to rounding effects. Rounding followed the recommendations as per NI 43-101.
10. The qualified persons responsible for this section of this news release are not aware of any environmental, permitting, legal, title, taxation, socio-economic, marketing, political, or other relevant factors that could materially affect the mineral resource estimate other than those disclosed in this news release and in the Cariboo Technical Report.

Technical Reports

Scientific and technical information relating to the Cariboo Gold Project and the 2025 feasibility study on the Cariboo Gold Project is supported by the technical report, titled “NI 43-101 Technical Report, Feasibility Study for the Cariboo Gold Project, District of Wells, British Columbia, Canada” dated June 11, 2025 (with an effective date of April 25, 2025) (the “Cariboo Technical Report“).

For readers to fully understand the information in the Cariboo Technical Report, reference should be made to the full text of the Cariboo Technical Report in its entirety, including all assumptions, parameters, qualifications, limitations and methods therein. The Cariboo Technical Report is intended to be read as a whole, and sections should not be read or relied upon out of context. The Cariboo Technical Report was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101“) and is available electronically on SEDAR+ (www.sedarplus.ca) and on EDGAR (www.sec.gov) under Osisko Gold’s issuer profile and on the Company’s website at www.osiskogold.ca.

Qualified Persons

The scientific and technical information contained in this news release has been reviewed, verified and approved by Scott Smith, P. Geo., Vice President, Exploration of Osisko Gold, a “qualified person” within the meaning of NI 43-101.

Advisors

GenCap Mining Advisory is acting as debt advisor to Osisko Gold with Calagus AG acting as the Company’s advisor for its concentrate and doré.

Currency of Presentation and Exchange Rate Data

Dollar amounts set out in this news release are stated in Canadian dollars except as otherwise indicated. All references to “US$” or “U.S. dollars” are to the lawful currency of the United States and all references to “$,” “C$” or “Canadian dollars” are to the lawful currency of Canada. Unless otherwise indicated, amounts are based on an assumed USD:CAD exchange rate of C$1.38 per US$1.00.

ABOUT OSISKO GOLD GROUP INC. Osisko Gold Group Inc. is a continental North American gold development company focused on past producing mining camps with district-scale potential. The Company’s objective is to become an intermediate gold producer through the development of its flagship, fully permitted, 100%-owned Cariboo Gold Project, located within the Company’s broader Cariboo regional land package in central British Columbia, Canada, which hosts numerous prospective exploration targets and provides opportunities for future discoveries. Its Cariboo project pipeline is complemented by the Tintic Project, located in the historic East Tintic mining district in Utah, U.S.A., a brownfield property with significant exploration potential, extensive historical mining data, and access to established infrastructure. Osisko Gold is focused on developing long-life mining assets in mining-friendly jurisdictions while maintaining a disciplined approach to capital allocation, development risk management, and mineral inventory growth. For further information, visit our website at www.osiskogold.ca or contact:
Sean Roosen Chairman and CEO Email: sroosen@osiskogold.ca Tel: +1 (514) 940-0685	Philip Rabenok Vice President, Investor Relations Email: prabenok@osiskogold.ca Tel: +1 (437) 423-3644

CAUTIONARY STATEMENTS

Non-IFRS Financial Measures

This news release contains certain non-IFRS (as defined herein) financial measures, including “all-in sustaining cost” (or “AISC”), “cash cost”, “free cash flow” and “adjusted working capital”. All-in sustaining cost per gold ounce is defined as production costs less silver sales plus general and administrative, exploration and other expenses, and sustaining capital expenditures divided by gold ounces sold. Cash costs are a non-IFRS financial measure reported by the Company on an ounces of gold sold basis. Cash costs include mining, processing, refining, general and administrative costs and royalties but exclude depreciation, reclamation, income taxes, capital costs and exploration costs. Free cash flow is calculated as cash flow from mine-site operating activities less capital expenditures. Adjusted working capital is calculated as current assets less current liabilities, excluding the current portion of derivative assets, and including the current portion of derivative liabilities and warrant liabilities. Management believes that such measures provide investors with an improved ability to evaluate the performance of the Company. Non-IFRS financial measures do not have any standardized meaning prescribed under IFRS and, therefore, they may not be comparable to similar measures employed by other companies. These measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS, such as cost of sales. For non-IFRS financial measures related to the feasibility study for the Cariboo Gold Project refer to the Cariboo Technical Report (as defined herein).

Cautionary Note to U.S. Investors Regarding the Use of Mineral Reserve and Mineral Resource Estimates

The Company is subject to the reporting requirements of the applicable Canadian Securities Laws, and as a result reports information regarding mineral properties, mineralization and estimates of mineral reserves and mineral resources in accordance with Canadian reporting requirements, which are governed by NI 43-101. As such, the information contained in this news release concerning mineral properties, mineralization and estimates of mineral reserves and mineral resources is not comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of the U.S. Securities and Exchange Commission.

Caution Regarding Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws and “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, as amended (collectively, “forward-looking statements”). All statements other than statements of historical fact contained in this news release are forward-looking statements. Such forward-looking statements relate to, among other things: the formal construction decision and anticipated development and construction of the Cariboo Gold Project; the expected timing of first gold pour and commercial production; the expected benefits of the Equity Investment and the gold prepay facility, including the anticipated use of proceeds; the anticipated satisfaction of remaining conditions precedent to, and the timing and successful closing of, the Equity Investment; the Company’s ability to successfully negotiate and execute Prepay Facility on commercially acceptable terms ; the advancement of construction activities, detailed engineering, procurement, and project de-risking initiatives at the Cariboo Gold Project; the go-forward capital obligation estimate and anticipated timing of capital expenditures; estimates of mineral reserves and mineral resources; the anticipated mine life, production rates, gold grades, recoveries, and operating costs; estimated economic returns, including NPV, IRR, payback period, and free cash flow projections; the Company’s sources and uses of capital and projected liquidity position; the Company’s exploration programs and potential for resource conversion; the Company’s objective of becoming an intermediate gold producer; employment and economic benefits to local communities; and the exploration potential and prospectivity of its properties.

Forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by the Company as of the date hereof, are inherently subject to significant business, economic, and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Forward-looking statements in this news release include statements that are not historical facts and are generally, but not always, identified by words or phrases such as “anticipate”, “believe”, “budget”, “contemplate”, “continue”, “could”, “estimate”, “expect”, “forecast”, “foresee”, “intend”, “may”, “objective”, “ongoing”, “outlook”, “plan”, “potential”, “project”, “propose”, “scheduled”, “seek”, “should”, “strategy”, “target”, “will”, “would”, or similar expressions, or statements that certain events or conditions “could”, “may”, “should”, “will”, or “would” occur, and the negative forms of any of these words.

The forward-looking statements in this news release are based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including: risks relating to capital markets and the availability of future financing, including project financing, on terms acceptable to the Company (or at all); the ability of the Company to meet its financial obligations as they become due; actual operating cash flows, free cash flows, operating costs and other costs differing materially from those anticipated; changes in project parameters and assumptions; project infrastructure requirements and anticipated processing methods, whether or not the capital and operating costs outlined in the Cariboo Technical Report (as defined below) in respect of the feasibility study for the Cariboo Gold Project (“2025 Cariboo FS”) can be achieved, exploration expenditures differing materially from those anticipated; actual results of current and planned exploration activities; whether additional mineral resources will be developed as a result of the deeper drilling below the Cariboo mineral resource estimate, within the Cariboo mine area, and/or on exploration targets beyond the mine area; whether infill drilling of inferred mineral resources, after considering other modifying factors, will be successful in converting mineral resources to measured or indicated mineral resources and any resulting increases in the mineral reserves; whether the results of the Company’s 13,000m infill drill program will confirm or vary from those in the current mineral resource estimate; whether the development of the Cariboo Gold Project, if successfully completed, will provide the basis for the establishment of a broader mining district camp, including development of multiple deposits; whether all required authorizations for the implementation of the Mines Act (British Columbia) (the “Mines Act”) permits for the Cariboo Gold Project, including the licence of occupation for the transmission line, will be received in a timely manner and not delay the project; whether an agreement will be completed, and on what terms, with Xatśūll First Nation; whether the Company’s new water treatment plant and facilities will operate to expectations and meet permit conditions; whether current and planned test mining at Tintic will generate positive cash flow after deducting all costs; variations in mineral resources, mineral reserves, mineral production, grades or recovery rates or optimization efforts and sales; failure to obtain, or delays in obtaining, governmental approvals or financing or in the completion of development or construction activities; uninsured risks, including, but not limited to, pollution, cave-ins or hazards for which insurance cannot be obtained; regulatory changes; defects in title; availability or integration of personnel, materials and equipment; risks relating to foreign operations; inability to recruit or retain management and key personnel; performance of facilities, equipment and processes relative to specifications and expectations; unanticipated environmental impacts on operations; community, non-governmental and governmental actions and the impact of stakeholder actions; market prices; production, construction and technological risks or capital requirements and operating risks associated with the operations or an expansion of the operations; dilution due to future equity financings, fluctuations in gold, silver and other metal prices and currency exchange rates; the potential impact of tariffs and other trade restrictions; uncertainty relating to future production and cash resources; inability to successfully complete new development projects, planned expansions or other projects within the timelines anticipated; inability to achieve the business objectives and project milestones as anticipated; results of additional work programs and exploration; adverse changes to market, political and general economic conditions or laws, rules and regulations applicable to the Company; outbreak of diseases and public health crises; the possibility of project cost overruns or unanticipated costs and expenses; accidents, labour disputes, community and stakeholder protests and other risks of the mining industry; failure of plant, equipment or processes to operate as anticipated; risk of an undiscovered defect in title or other adverse claim; the Company’s ability to satisfy the remaining conditions precedent to the closing of the Equity Investment and to execute definitive documentation in respect of the gold prepay facility on acceptable terms; the continued availability of financing under the gold prepay facility and other financing sources on the terms described herein; the Company’s ability to advance the Cariboo Gold Project through construction and into commercial production on the anticipated timeline and within the estimated budget; the accuracy of the go-forward capital obligation estimate and the assumptions underlying such estimate, including with respect to inflation, labour costs, and foreign exchange rates; the accuracy of mineral reserve and mineral resource estimates and the assumptions underlying such estimates; the Company’s ability to achieve anticipated production rates, grades, and recoveries; the absence of material adverse changes in the prices of gold and other commodities, foreign exchange rates, and interest rates; the absence of any material adverse change in general business and economic conditions; and the continued support of the Company’s stakeholders, including First Nations communities; and any other information herein that is not a historical fact may be “forward looking information”.

Material assumptions also include assumptions and qualifications underlying the 2025 Cariboo FS, management’s perceptions of historical trends, management’s understanding of the permitting process and status thereof, the ability of exploration (including drilling and chip sampling assays, and face sampling) to accurately predict mineralization; budget constraints and access to capital on terms acceptable to the Company, current conditions and expected future developments, regulatory framework remaining defined and understood, results of further exploration work to define or expand any mineral resources, gold prices, the costs required to advance the Cariboo Gold Project to construction, the results of the 2025 Cariboo FS as an indicator of quality and robustness of the Cariboo Gold Project, as well as other considerations that are believed to be appropriate in the circumstances. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to: capital market conditions and the Company’s ability to access capital on terms acceptable to the Company for the contemplated exploration and development at the Company’s properties; regulatory framework and presence of laws and regulations that may impose restrictions on mining; the ability of exploration activities (including drill results and chip sampling, and face sampling results) to accurately predict mineralization; errors in management’s geological modelling; the timing and ability of the Company to obtain and maintain required approvals and permits; the results of exploration activities; risks relating to exploration, development and mining activities; the global economic climate; metal and commodity prices; fluctuations in the currency markets; dilution; environmental risks; and community, non-governmental and governmental actions; the impact of stakeholder actions; failure to satisfy remaining conditions precedent to closing of the Equity Investment or to execute definitive documentation in respect of the gold prepay facility; changes in the terms of the gold Prepay Facility, not entering into the contemplate Prepay Facility or the occurrence of any event that would prevent the Company from accessing funds thereunder; the Company’s ability to execute on the construction of the Cariboo Gold Project on the anticipated timeline and within the estimated budget, including risks related to cost overruns, construction delays, and supply chain disruptions; risks related to the accuracy of mineral reserve and mineral resource estimates and the geological, operational, and technical factors underlying such estimates; risks related to the exploration, development, and operation of the Cariboo Gold Project, including unexpected ground or geotechnical conditions, water management challenges, and other geological or mining challenges; risks related to processing capacity, gold recovery rates, and other technical and operational factors; fluctuations in gold prices and other commodity prices; fluctuations in foreign exchange rates, particularly between the Canadian and U.S. dollars; fluctuations in interest rates affecting the cost of borrowings; risks related to the Company’s ability to attract and retain qualified personnel and contractors; labour shortages, disputes, or work stoppages; health, safety, and security incidents; risks related to relationships with Indigenous communities and other local stakeholders; risks related to environmental compliance, reclamation obligations, and changes in environmental laws and regulations; regulatory delays or changes in regulatory frameworks and applicable laws; risks related to title to the Company’s properties and permits; risks related to competition in the mining industry; risks related to cybersecurity and information technology systems; general economic, political, and market conditions; and other risks and uncertainties provided under the heading “Risk Factors” in the Company’s annual information form for the year ended December 31, 2025 as well as the financial statements and MD&A for the year ended December 31, 2025, the three months ended March 31, 2026 and the three and six months ended June 30, 2026, which have been filed on SEDAR+ (www.sedarplus.ca) under Osisko Gold’s issuer profile and on the SEC’s EDGAR website (www.sec.gov). Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated, or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are not guarantees of future performance, and the Company’s actual results of operations, financial condition, and liquidity, and the development of the industry in which it operates, may differ materially from the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements or the information contained herein. The forward-looking statements contained in this news release are made as of the date hereof. Except as required under applicable securities legislation, the Company does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/51a5d3df-2b86-47a7-9f26-0ceba6fd645e

https://www.globenewswire.com/NewsRoom/AttachmentNg/afb58f85-3251-48a5-89dd-6cf42ebd83a3

• A 20 MW modular diesel power plant is expected to supply electricity for the construction of two mine shafts, the processing plant, and the port/terminal until the grid connection line (SIN) is completed; it will then serve as a backup power system for 23 years once mining operations begin
• The agreement removes approximately $33 million of upfront power costs from the Autazes Project’s construction budget and is expected to deliver approximately $10 million in net savings over the life of the contract
• Combined with the Company’s offtake agreements covering approximately 91% of planned production and the recent enactment of Brazil’s Profert program to support domestic fertilizer production, this agreement represents another step in advancing the Project’s development and financing strategy

MANAUS, Brazil, Sept. 14, 2026 (GLOBE NEWSWIRE) — Brazil Potash Corp. (“Brazil Potash” or the “Company”) (NYSE-American: GRO), a critical mineral exploration and development company advancing the Autazes Potash Project (the “Autazes Project” or “Project”) in Amazonas State, Brazil, today announced that its wholly-owned Brazilian subsidiary, Potássio do Brasil Ltda., has signed a definitive agreement with Gera Center Amazônia Serviços e Locações De Máquinas e Equipamentos Ltda. (“Gera Center”), a Brazilian power generation company, for the implementation, operation and maintenance of a modular power plant for the Autazes Project. The agreement follows the non-binding memorandum of understanding announced in May 2026 and provides for a 28-year term: five years supplying power during construction, followed by 23 years as backup power once the mine is operating.

“Power is one of the most critical pieces of infrastructure for building and operating a mine in the Amazon, and this agreement represents an important step in securing the reliable power infrastructure required for the Autazes Project. By partnering with Gera Center under a Build-Own-Operate structure, we preserve construction capital for the mine while taking steps to ensure the Autazes Project has the reliable power it needs, both to build and for the life of the operation. This agreement is also part of our broader strategy to work with specialized infrastructure partners to reduce upfront capital requirements as we advance the Project toward construction,” said Sergio Leite, President of Potassio do Brasil.

Why it matters for the Project

The Autazes site does not yet have access to Brazil’s power grid. Under this agreement, Gera Center will supply and install diesel generators to power construction of the Project until the grid connection is completed, and that same equipment will later serve as backup power for the mine once a planned transmission line connects the site to the national grid (SIN).

Key terms

• Structure: A Build-Own-Operate (“BOO”) agreement. Gera Center funds, builds, owns and operates the plant for 28 years. The system will initially support Project construction and will subsequently operate in reserve mode as backup power.
• Equipment: 45 modular containerized diesel generators, reaching a peak capacity of 20 megawatts. Initial capacity will be 10 megawatts, increasing to 20 megawatts over the first year, with initial mobilization to be completed within 120 days following issuance of the Order to Proceed.
• Continuous Operation: Construction power (~5 years): During the continuous operation period, the agreement establishes contractual availability levels of at least 98% each month and 98.5% each year.
• Reserve Operation: Backup power (~23 years): Following the continuous operation period, the power generation system will transition to reserve operation to provide backup power for the Project.
• Cost impact: the agreement removes approximately $33 million of power-related spending from the Project’s upfront construction budget (with a portion of Gera Center’s cost recovery still occurring during the 5-year construction period) and is expected to deliver approximately $10 million in net savings over the life of the contract compared to earlier Project cost estimates.

This is one of several agreements Brazil Potash is pursuing to shift the cost of building infrastructure over to outside partners who fund, own and operate the equipment instead of the Company. The goal is to reduce how much Brazil Potash needs to raise and spend before the mine starts producing potash, thereby increasing equity investor returns, while still securing the reliable power the Project needs both to build and to run the mine long-term.

About Gera Center

Founded in 1991, Gera Center (www.geracenter.com.br) is a Brazilian power generation company with more than 35 years of expertise in mission-critical energy solutions for the industrial, mining, agribusiness, infrastructure, and construction sectors. Headquartered in Manaus, the company specializes in turnkey power generation systems, including the engineering, installation, operation, and maintenance of modular diesel power plants, with extensive experience supporting remote and logistically complex operations throughout the Amazon region.

Gera Center will deploy a 20 MW modular power plant utilizing high power-density technology designed to optimize footprint efficiency while minimizing environmental impact. The project is expected to create approximately 200 direct and indirect jobs during both the implementation and operational phases.

The company maintains a strong commitment to environmental responsibility through the use of modern low-emission equipment, optimized fuel and operational efficiency, and sustainable waste management practices focused on recycling and responsible disposal of operational residues whenever feasible.

With experience in power generation rapid mobilization capacity, and technical excellence, Gera Center is committed to delivering reliable and secure energy solutions for critical infrastructure and large-scale industrial projects across Brazil.

About Brazil Potash

Brazil Potash (NYSE American: GRO) (www.brazilpotash.com), through its subsidiary Potássio do Brasil, is developing the Autazes Project to supply potash to one of the world’s largest agricultural exporters. Brazil is critical for global food security, with among the highest amounts of fresh water and arable land and an ideal climate for year-round crop growth, yet the country imported approximately 96% of the potash it consumed in 2025 despite hosting what is anticipated to be one of the world’s largest undeveloped potash basins. The potash produced will be transported primarily using low-cost river barges on an inland river system in partnership with Amaggi (www.amaggi.com.br), one of Brazil’s largest farmers and logistical operators of agricultural products.

Cautionary Note Regarding Forward-Looking Statements

This document contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, or the United States Private Securities Litigation Reform Act of 1995, which are statements that are not historical facts. All statements, other than statements of historical facts, included herein and in public statements by our officers or representatives, that address activities, events or developments that our management expects or anticipates will or may occur in the future, as well as the assumptions on which such statements are based, are forward-looking statements, and include but are not limited to future business strategy, plans and goals, timelines and anticipated achievements, and growth of our business. These forward-looking statements, along with terms such as “anticipate,” “expect,” “intend,” “may,” “will,” “should,” and other comparable terms, involve risks and uncertainties, many of which are beyond the control of the Company, including those described in the “Risk Factors” section of the Company’s annual report on Form 20-F filed with the Securities and Exchange Commission and other filings. These risks include, but are not limited to, including risks related to changes in our operations; uncertainties concerning estimates; industry-related risks including fluctuations in potash supply and demand; timing and amount of capital expenditures; the commercial success of, and risks related to, our development activities and other operational risks; political or economic developments; uncertainties and risks related to the capital markets and ability to raise additional funds for project construction; unexpected geological or environmental conditions; changes in government legislation and regulations; success in obtaining required licenses and permits, and risks related to legal, regulatory and licensing proceedings, including further appeals or challenges relating to the Autazes Project.

Forward-looking statements in this news release include, without limitation, statements regarding: the implementation, operation and maintenance of the modular power plant by Gera Center; the anticipated term of the agreement and the expected use of the power generation system during both the construction and operational phases of the Autazes Project; the expected timing for mobilization, installation and commissioning of the power generation system; the anticipated capacity, availability and performance of the power generation system; the completion of the planned connection of the Autazes Project to Brazil’s national power grid (SIN); the expected transition of the power generation system to reserve operation and its ability to provide backup power for the Autazes Project; the anticipated reduction of approximately $33 million in upfront power-related capital expenditures and the expected net savings over the life of the agreement; the Company’s ability to reduce upfront capital requirements through Build-Own-Operate and other third-party infrastructure arrangements; the expected impact of such arrangements on the Company’s financing requirements, capital structure and project economics; the Company’s ability to secure additional infrastructure partnerships on acceptable terms or at all; the advancement, development, financing, construction and eventual operation of the Autazes Project; the expected benefits of the Company’s existing offtake arrangements and other commercial agreements; statements regarding the Company’s future capital requirements, business strategy, development plans and objectives; expected demand for potash in Brazil and the Company’s ability to supply the Brazilian market; the anticipated transportation and logistics arrangements for potash production; and statements regarding the Company’s ability to obtain, maintain and comply with all required permits, licences, approvals and regulatory authorizations necessary for the development and operation of the Autazes Project.

Although these forward-looking statements were based on assumptions that the Company believes are reasonable when made, you are cautioned that forward-looking statements are not guarantees of future performance and that actual results, performance or achievements may differ materially from those made in or suggested by the forward-looking statements contained in this news release. In addition, even if our results, performance, or achievements are consistent with the forward-looking statements contained in this news release, those results, performance or achievements may not be indicative of results, performance or achievements in subsequent periods.

Readers are cautioned not to place undue reliance on any of these forward-looking statements. These forward-looking statements speak only as of the date hereof. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions, or circumstances on which any statement is based, unless required by law.

Contact:

Brazil Potash Investor Relations info@brazilpotash.com

– Pasithea has been selected to present cutaneous neurofibromas (CN) clinical data in an oral presentation

– Pasithea has been selected to present plexiform neurofibromas (PN) clinical data in a poster presentation

– The European Neurofibromatosis Conference 2026 will take place in Vienna, Austria, from November 12–14, 2026

MIAMI, Sept. 14, 2026 (GLOBE NEWSWIRE) — Pasithea Therapeutics Corp. (Nasdaq: KTTA) (“Pasithea” or the “Company”), a clinical-stage biotechnology company developing PAS-004, a next-generation macrocyclic oral MEK inhibitor, for the long-term treatment of chronic diseases including neurofibromatosis type 1 (NF1)-associated neurofibromas, today announced it will present initial Part A clinical data from its ongoing Phase 1/1b trial of PAS-004 in adults with NF1.

The data will be presented at the 2026 European Neurofibromatosis Conference, taking place November 12–14, 2026, at the Hyatt Regency Vienna in Vienna, Austria, and will represent the Company’s first public disclosure of clinical data from Part A of the trial.

Details of the Oral Presentation:
Presenter: Rebecca Brown, MD, University of Alabama at Birmingham
Presentation Type: Oral Presentation
Session title: Clinical Session 3: Visible Manifestations in Neurofibromatosis
Session day and time: Friday, 13 November 2026, 08:00-09:30 (CET)
Room: Lecture Hall 1

Details of the Poster Presentation:
Presenter: Tiago Reis Marques, Pasithea Therapeutics Chief Executive Officer
Presentation Type: Poster
Poster Session: Thursday, November 12

The full presentations will be made available in accordance with the conference’s program schedule. The Company plans to issue a follow-up press release with detailed results at the time of presentation.

About Pasithea Therapeutics Corp.

Pasithea is a clinical-stage biotechnology company primarily focused on the research and development of its lead drug candidate, PAS-004, a next-generation macrocyclic MEK inhibitor intended for the treatment of RASopathies, MAPK pathway-driven tumors, and other diseases. The Company is currently testing PAS-004 in a Phase 1 clinical trial in advanced cancer patients (NCT06299839), and a Phase 1/1b clinical trial in adult patients with neurofibromatosis type 1 (NF1)-associated plexiform neurofibromas (NCT06961565).

Forward Looking Statements

This press release contains statements that constitute “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding the Company’s planned presentation of first-in-human data at the 2026 European Neurofibromatosis Conference, the Company’s sponsorship of the conference, the Company’s ongoing Phase 1 clinical trial of PAS-004 in advanced cancer patients, the Company’s Phase 1/1b clinical trial of PAS-004 in adult NF1 patients, and the safety, tolerability, pharmacokinetic (PK), pharmacodynamic (PD) and preliminary efficacy of PAS-004, as well as all other statements, other than statements of historical fact, regarding the Company’s current views and assumptions with respect to future events regarding its business, as well as other statements with respect to the Company’s plans, assumptions, expectations, beliefs and objectives, the success of the Company’s current and future business strategies, product development, pre-clinical studies, clinical studies, clinical and regulatory timelines, market opportunity, competitive position, business strategies, potential growth and financing opportunities and other statements that are predictive in nature. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to the Company on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including risks that future clinical trial results may not match results observed to date, may be negative or ambiguous, or may not reach the level of statistical significance required for regulatory approval, as well as other factors set forth in the Company’s most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q and other filings made with the U.S. Securities and Exchange Commission (SEC). Thus, actual results could be materially different. The Company undertakes no obligation to update these statements whether as a result of new information, future events or otherwise, after the date of this release, except as required by law.

Contact

Patrick Gaynes
Investor Relations
pgaynes@pasithea.com

• Acquisition complements AirJoule Technologies’ water technology with BitSink’s well-established cooling solutions to address the critical infrastructure requirements of next-generation modular data centers
• BitSink has a proven track record of reliable uptime performance with 220+ MW of equipment deployments across North America
• Management will host an investor webcast at 8:30am ET today to discuss the transaction; presentation and webcast details are provided below

RONAN, Mont., Sept. 14, 2026 (GLOBE NEWSWIRE) — AirJoule Technologies Corporation (Nasdaq: AIRJ) (“AirJoule Technologies” or “AIRJ”), a leading platform technology that unleashes the power of water from air, today announced that it has acquired BitSink, a U.S.-based designer and manufacturer of cooling, electrical distribution and racking infrastructure for AI and high-performance computing (“HPC”) data centers.

The acquisition represents a significant expansion of AirJoule Technologies’ operations into the rapidly growing market for AI and HPC data center infrastructure. BitSink brings an established and profitable operating business with U.S. manufacturing capabilities, a portfolio of deployed cooling and electrical infrastructure products, and existing customer relationships; this enhances AIRJ’s differentiated platform addressing three of the most critical constraints facing next-generation AI data centers: cooling, power infrastructure and water.

Under the terms of the transaction, AirJoule Technologies acquired 100% of BitSink for upfront consideration of $18 million in cash and $9 million in AIRJ common stock. The transaction also includes up to $40 million of additional consideration payable in AIRJ common stock based on BitSink achieving revenue milestones over the three calendar years following closing, aligning a majority of potential consideration with future performance of the acquired business.  

“The rapid buildout of AI and HPC infrastructure is fundamentally changing the requirements for cooling and water across the data center ecosystem,” said Matt Jore, Founder and Chief Executive Officer of AirJoule Technologies. “BitSink brings a proven track record of delivering high-density liquid cooling and electrical infrastructure at commercial scale to cryptocurrency mining customers, which is directly applicable to the growing demand for AI and HPC. This acquisition transforms AirJoule Technologies into a broader infrastructure solutions provider capable of addressing these interconnected constraints. We are excited to welcome the entire BitSink team to AirJoule Technologies.”

Stephen Pang, Chief Financial Officer of AirJoule Technologies added, “This transaction delivers commercial revenue contribution and substantial long-term growth potential, while also creating a natural platform to combine BitSink’s cooling technology with our AirJoule atmospheric water generation capabilities into an integrated infrastructure offering for the AI and HPC data center market. We believe this creates meaningful value for AIRJ shareholders.”

BitSink Founder, Stan Dyshko, commented, “We built BitSink to solve the real-world infrastructure challenges facing increasingly power-dense computing environments. Joining AirJoule Technologies gives us additional resources and relationships to expand our manufacturing capabilities and reach new customers. It also creates an exciting opportunity to integrate BitSink’s cooling and power infrastructure and the AirJoule atmospheric water generation technology to address the physical infrastructure constraints faced by data center developers.”

Strategic Rationale

AI and HPC are driving a fundamental change in data center infrastructure requirements. Next-generation chips are elevating rack densities well beyond the practical limits of air cooling, making liquid cooling a requirement. Bloomberg Intelligence projects the data center liquid cooling market to grow from approximately $3.7 billion in 2025 to approximately $11.5 billion by 2030, with direct-to-chip making up 87% of liquid-cooling architecture. Substantially greater electrical loads are creating supply chain bottlenecks for switchgear, power distribution and related infrastructure. At the same time, water availability and consumption are becoming increasingly important considerations for data center development.

BitSink’s proven cooling architecture, including liquid cooling systems, is also well positioned for the accelerating conversion of high-density crypto-mining infrastructure to AI and HPC workloads. Public bitcoin miners have announced more than $70 billion in AI and HPC contracts, with major operators converting mining megawatts to AI and HPC compute at retrofit economics that are substantially below the cost of greenfield development. BitSink’s track record of delivering high-quality cooling and electrical equipment in this market makes it well suited to capitalize on this crypto-to-AI transition.

BitSink provides AirJoule Technologies with an established operating platform that is addressing these infrastructure trends.

• Water: The AirJoule Prime atmospheric water generation (“AWG) system is designed to leverage waste heat to extract water from air, enabling distributed and resilient production of pure distilled water
• Cooling: BitSink designs, manufactures, and installs cooling systems that enable liquid cooling for high density workloads, including fully integrated modular data center blocks
• Power Infrastructure: BitSink’s electrical equipment products include switchboards, power distribution units, and equipment racks that support the delivery and management of the substantial electrical loads required by high density computing applications

The transaction with BitSink accelerates AirJoule Technologies’ existing initiatives to address data center infrastructure needs through its 50/50 joint venture with GE Vernova, including the June 2026 commissioning of the first AirJoule Prime AWG system. Prime, which utilizes low-grade waste heat to produce pure distilled water from air, is currently in transit to Europe, where it will be utilized in a first-of-a-kind deployment at a European data center in Q4 2026 through a partnership with the Net Zero Innovation Hub for Data Centers. The BitSink acquisition directly complements this strategy: its closed-loop cooling systems reject the type of low-grade waste heat that AirJoule Prime uses in its water generation process, creating a significant integration opportunity between the two product lines.

Immediate Value with Significant Expansion Potential

The acquisition provides AirJoule Technologies with several immediate strategic benefits:

• Expanded AI and HPC Infrastructure Exposure and Customer Access – Broadens AirJoule Technologies’ addressable market opportunity from $20 billion to $70 billion for data center cooling and power distribution while adding established commercial relationships across the data center ecosystem.
• Complementary Cooling and Water Capabilities – Creates the foundation to combine BitSink’s cooling infrastructure with the AirJoule AWG technology to address data centers’ cooling and water challenges.
• Established Operating Business and Revenue Base – Adds a profitable operating business with cumulative revenue of approximately $11 million across 2024 – 2025 and $15 million in near-term purchase orders.
• U.S. Manufacturing Platform – Adds domestic manufacturing capabilities and a 65,000-square-foot facility in Chesnee, South Carolina, with additional expansion opportunities to support future growth.
• Transaction Structure Includes Equity Earnout – Conditions a significant portion of potential consideration on BitSink’s future revenue performance, which aligns incentives and mitigates shareholder dilution.

Transaction Details

AirJoule Technologies acquired 100% of the equity interests of BitSink for aggregate upfront consideration of $18 million in cash and $9 million in AIRJ common stock with no debt. AIRJ common stock was priced based on the 15-day volume-weighted average price prior to closing.

The transaction also includes an earnout of up to $40 million payable solely in AIRJ common stock and tied to revenue milestones over the three calendar years following closing.

On August 31, 2026 (prior to the transaction), AirJoule Technologies had $45 million of cash on the balance sheet.

Investor Webcast

AirJoule Technologies will host an investor webcast at 8:30am ET today to discuss the transaction.

Date: September 14, 2026
Time: 8:30am ET
Webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=5y0tjkxa

The investor presentation and other information related to the transaction will be available at https://airjouletech.com/investors/bitsink/.

A replay of the webcast will be available on AirJoule Technologies’ investor website following the conclusion of the call.

Vinson & Elkins LLP served as legal advisor to AirJoule Technologies. B. Riley Securities, Inc. served as exclusive financial advisor and Zarif Law Group P.C. served as legal advisor to BitSink.

About AirJoule Technologies Corporation

AirJoule Technologies Corporation (Nasdaq: AIRJ) is a leading platform technology that unleashes the power of water from air. Through its joint venture with GE Vernova and in partnership with Carrier Global Corporation, the company’s purpose is freeing the world of its water and energy constraints by delivering groundbreaking sorption technologies. For more information, visit https://airjouletech.com.

Follow AirJoule Technologies on LinkedIn: https://www.linkedin.com/company/airjoule-tech/

About BitSink

BitSink is a vertically integrated designer, U.S. manufacturer and deployer of thermal management and power distribution infrastructure for high-density computing environments, including AI, HPC and cryptocurrency mining data centers. Its portfolio includes UL-listed switchboards, power distribution units and equipment racks, as well as closed-loop dry cooler systems for liquid-cooled AI computing environments. With more than 220 megawatts of cooling and power capacity deployed across North America, BitSink brings a proven track record of delivering data center cooling and power infrastructure. The company currently operates a manufacturing facility in Spartanburg, South Carolina and is expanding to a 65,000 square foot facility in nearby Chesnee, South Carolina. For more information, visit https://bitsink.io. 

Forward-Looking Statements

The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding the acquisition of Bitsink by AIRJ (the “Acquisition”) and the strategy, future operations, estimated financial position, estimated revenues and losses, projected costs, prospectus, plans and objectives of AIRJ, as it relates to the Acquisition and otherwise, are forward looking statements. When used in this press release, including any oral statements made in connection therewith, the words “may,” “should,” “will,” “expect,” “might,” “plan,” “anticipate,” “could,” “intend,” “target,” “goal,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential,” “positioned,” “seek,” “would” or “continue”, and the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, AIRJ expressly disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements herein, to reflect events or circumstances after the date of this press release.

AIRJ cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond AIRJ’s control. These risks include, but are not limited to, our ability to successfully integrate the assets and operations purchased through the Acquisition, the ability to realize anticipated revenues or other benefits of such Acquisition, as well as our ability to implement business plans and forecasts, including the ability to develop, deploy and commercialize our technology and equipment, risks related to our arrangements with strategic partnerships and other third parties; the availability and cost of materials needed to develop, deploy and commercialize our technology and equipment, our status as an early stage company with limited operating history, and the other risks and uncertainties described in our SEC filings including the “Risk Factors” section of our most recent Annual Report on Form 10-K and any subsequently filed Quarterly Reports on Form 10-Q. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. AIRJ’s SEC filings are available publicly on the SEC’s website at www.sec.gov, and readers are urged to carefully review and consider the various disclosures made in such filings.

Contacts

Investor Relations & Media:
Tom Divine, Vice President, Investor Relations and Finance
investors@airjouletech.com

TORONTO, Sept. 14, 2026 (GLOBE NEWSWIRE) — Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX: TSK, OTCQB: TSKFF) is pleased to provide an operational update on activities at its Bralorne Gold Project in British Columbia.

Key Highlights

• Gold Production and Sales: Produced approximately 4,884 ounces of gold from 19,014 tonnes mined at an average grade of 7.99 g/t Au up to August 31, 2026. Sold 18,499 tonnes at an average grade of 8.05 g/t Au, representing 4,788 contained gold ounces. In addition, 770 ounces was sold as gold concentrate for a total of 5,558 ounces.
• Ore Inventory: Current inventory of approximately 8,100 tonnes, supporting continued marine shipment schedules through the remainder of 2026.
• Underground Development: Completed 2,265 metres of underground development year-to-date, comprising 1,041 metres of operating development and 1,224 metres of capital development.
• Mustang Production and Growth: Successfully mined the Alhambra vein stopes in the upper Mustang and added new stopes to the mine plan following positive drilling results that extended the Alhambra vein. Production long-hole drilling is underway on the BK-9870 vein system, with stoping scheduled to begin by late Q3 2026.
• Lower Mustang Development: Advanced the Lower Mustang Decline by 329 metres in 2026, opening access to the 1045, 1030 and 1015 levels, supporting development of 13 new mineralized headings, with five currently producing and multiple additional headings planned following positive BK and Alhambra vein intercept drill results.
• Bralorne West Development: Completed 108 metres of capital development on the Bralorne West Decline in 2025 and 296 metres in 2026 for a total of 404 metres. Constructed a resource definition drill bay at the bottom of the ramp, and commenced Phase 3 lateral development on September 3, 2026, to advance towards the centre of the Bralorne West Zone.
• Key Underground Infrastructure: Installed and commissioned a 20-person refuge station, completed the 1045L-to-1030L ventilation raise, and progressed construction of a secondary underground explosives magazine.
• Surface Infrastructure Expansion: Completed major earthworks and site preparation at the Mustang Mine to support future growth, including infrastructure for the crushing and sorting facility, electrical upgrades, maintenance facilities, and waste rock storage expansion.
• Power Upgrades: Installation of a new 1.2 MW power plant with 100% redundancy is underway, with infrastructure in place to expand capacity to 2.4 MW in the future.
• Ventilation Upgrades: Procured two 100-hp primary ventilation fans and completed associated engineering. Ventilation projects at Mustang and Bralorne West remain on schedule for commissioning in October and are expected to deliver approximately 55,000 cubic feet per minute (cfm) of additional airflow to the mine, enabling higher development and production rates.
• Camp Expansion: Commissioned a new 32 bed accommodation facility, commenced removal and replacement of legacy camp infrastructure for a new 42 bed dormitory, mine dry, and recreation facilities.
• Resource Conversion Drilling: Completed 26,730 metres of drilling as of August 31, 2026, including 14,933 metres at the Mustang Mine and 11,797 metres at the Bralorne West Mine. Three drill rigs remain active across the project, with plans to add a fourth drill in Q1, 2027.
• PEA Advancement: Engineering, mine planning, and economic evaluations for the PEA are progressing and remains on schedule, with a completion date targeted for early Q4.
• Permitting Progress: The 750 tonnes per day (tpd) permit amendment was submitted in July and is under review by governing agencies. The Company initiated work on a major joint permitting amendment for production beyond 750 tpd and construction of on-site mill. Baseline studies commenced in August 2026.
• Crushing and Sorting Facility: Detailed engineering is progressing. Major long lead time equipment including the jaw crusher, vibrating screen plant and cone crusher have started to arrive, site earthworks preparation is underway, and construction activities are scheduled to accelerate through Q4 2026.

Terry Harbort, CEO of Talisker, commented, “Congratulations to the Talisker team for successful execution on what has been a very busy year at Bralorne. A focused and combined effort has been undertaken to build the platform for growth, with key advancement on surface infrastructure, ventilation, power, accommodation, permitting, resource conversion and most importantly development, with the opening of three new mining levels at Mustang and the completion of ramp access to our second planned mining centre at Bralorne West. With the upcoming release of our PEA, we look forward to the continued delivery of our objectives.”

Upcoming Webinar

The Company will host a webinar on Thursday, September 17, 2026, at 2:00 pm ET, during which management will review the results outlined in this news release and provide an update on ongoing activities at the Bralorne Gold Project.

Please register here: https://us02web.zoom.us/webinar/register/WN_Rd2ilciTQxqA-rgolzhHnA

The webinar livestream replay will also be available after the event: https://bit.ly/adcap-youtube.

Mining Operations

As of August 31, 2026, Talisker has achieved the following year-to-date operating results:

• 19,014 tonnes mined at an average grade of 7.99 g/t gold, producing approximately 4,884 ounces of gold,
• 20,644 tonnes delivered to the Company’s crushing facilities in Lillooet, including approximately 1,137 tonnes of mineralized material mined at the end of 2025,
• 18,499 tonnes sold at an average grade of 8.05 g/t gold, representing approximately 4,788 ounces of contained gold.

At the Mustang Mine, year-to-date mining activities include:

• Successful extraction of the Alhambra stopes between the 1090 and 1120 Levels, located within the upper Mustang Mine Zone.
• Recent diamond drilling results identified additional mineralized material on the western extension of the Alhambra vein, resulting in the addition of new stopes to the mine plan that were not previously forecast. These stopes are expected to be mined following completion of lateral development on the 1105 and 1120 Levels.
• In parallel, production long-hole drilling of the BK-9870 vein network in the upper Mustang Mine is currently underway, with stope extraction scheduled to commence in late Q3 2026 (Figure 3).
• Ore production continues from active on-vein lateral development on the 1060, 1045, 1030, and 1015 Levels. This production is supplemented by high-grade material from legacy mining areas in the upper Mustang, supporting overall production and grade performance.
• Continued advancement of the Lower Mustang Decline has totaled 329 metres in 2026, providing access to the 1045, 1030 and 1015 Levels, with development now progressing toward the 1000 Level.
• Decline development in 2026 provided access to 13 new mineralized headings, with five currently in production, two additional headings planned on the 1015 Level following encouraging results from the BK Vein, and two Alhambra Vein extensions planned on the 1105 and 1120 Levels based on positive drill results.
• Phase 1 and Phase 2 of the Bralorne West Access Decline were completed in 2026, consisting of 296 metres of capital development that extended underground access to the Bralorne West Zone. Subsequent work included construction of an underground diamond drill bay to support resource definition drilling. Phase 3 commenced on September 3, 2026, advancing capital development toward the centre of the Bralorne West Zone, the Black Bird ventilation raise, and future ore headings on the 1060 Level.

• Other key work completed underground includes:
  • Installation and commissioning of a 20 person refuge station in the Bralorne West Decline;
  • Completion of a ventilation raise connecting the 1045L and 1030L levels at the Mustang Mine;
  • Development of a secondary underground explosives magazine, which will be completed by mid-October.

Table 1: Year to Date Mine Operations Metrics

Description	Lateral Metres	Tonnes
Lateral Development OPEX	1,041	18,477
Lateral Development CAPEX	1,224	59,811
TOTAL	2,265	86,381
Mined Ore – Lateral	–	12,452
Mined Ore – Stoping	–	6,604
Mined Ore – Legacy	–	920
TOTAL		19,976

Talisker continues to accumulate material at its crushing and storage facility in Lillooet, British Columbia, in preparation for its next scheduled shipment. The Company currently has stockpiles totaling 7,606 tonnes, including:

• 7,091 tonnes grading 6.54 g/t gold of crushed mineralized material
• 515 tonnes grading 5.68 g/t gold of uncrushed mineralized material

Trucking operations from the Lillooet crushing facility to the Pembina Port of North Vancouver are ongoing, and the Company anticipates its next marine shipment will depart in late October or early November 2026.

Table 2: Bralorne Gold Project 2026 Crushing, Shipping and Stockpile Metrics.
*Differences in the totals are rounding errors.

Description	Tonnes (wmt)	Gold Grade (g/t Au)	Gold Ounces Mined
First Marine Vessel Shipment	10,944	8.71	3,064
Current Lillooet Stockpile	6,284	6.00	1,212
Current Pembina Stockpile	807	10.77	279
TOTAL	18,035	7.86	4,558*
Uncrushed Lillooet Stockpile	515	5.68	94

Capital and Surface Infrastructure Projects

Mustang Surface Earthworks

Talisker continued investing in critical site infrastructure to support future production growth. At the Mustang Mine, clearing, grading, and earthworks commenced to expand the portal area and prepare for several major infrastructure projects. A new laydown and storage pad was completed to support the storage of supplies and equipment. The expanded site footprint will accommodate:

• Upgrades to the waste rock storage facility with a water diversion non-contact ditch, a contact water ditch and a contact water catchment pond;
• Adjustments to the Mustang Mine Road to accommodate space for the Crushing and Sorting Facility;
• Planned electrical infrastructure upgrades;
• Construction of a new heavy duty equipment maintenance facility; and
• The sorting facility foundation.

Electrical Upgrades

Construction is underway to upgrade site electrical infrastructure to support long term mining power requirements. A 1.2MW diesel power generator with 100% redundancy is currently being installed along with 5kV site distribution to enable continuous electrical power supply for underground development and production. Infrastructure will be pre-installed to allow for an additional 1.2MW to bring the total power availability to 2.4MW with redundancy when required. Commissioning is planned to be complete by the end of September.

Ventilation

Engineering design and procurement of two 100-horsepower primary ventilation fans, together with the associated steel fan support structure, were completed during 2026. Installation and commissioning at the Mustang Mine portal are planned for Q3 and represent a key component of the Company’s long term ventilation strategy. Once operational, the fan installation and associated ducting network are expected to significantly increase ventilation capacity into both the Mustang and Bralorne West mines, supporting higher development and production rates while improving current underground operating conditions.

Within the Lower Mustang Zone, ventilation infrastructure was further advanced through the completion of the 1045L to 1030L ventilation raise and the 1030L ventilation bulkhead. These key infrastructure components allow fresh air to be delivered directly to active mining faces on the 1045L, 1030L, and 1015L, as well as the Lower Mustang Decline, currently advancing toward the 1000L Level. This improved ventilation network is expected to increase face availability, enhance operational flexibility, and allow air to be delivered further along strike, providing the ability to extend sill development should mineralization continue beyond the current mine design.

At the Bralorne West Mine, progress on the Bralorne West Decline ventilation upgrade remains on schedule, with three of five key project stages completed during Q3. Installation of the hardline ducting network began in early September, and commissioning is expected in late October following completion of the Mustang Mine power upgrades. The upgraded system is designed to provide approximately 55,000 cfm of airflow, enabling continued advancement of the Bralorne West Decline and will support development access to the mineralized zones in the Bralorne West zone.

Camp Infrastructure

Significant progress was also achieved in workforce accommodation infrastructure in 2026. Talisker successfully installed and commissioned a new 32 bed accommodation facility in Q2. Demolition of legacy camp facilities commenced in Q3 to make way for a new mine dry and shower facility, a 42 bed dormitory, a modern kitchen and recreation complex and a new mine dry facility. Installation is scheduled for the third and fourth quarters.

Capital and Infrastructure Project Investments, 2026

To date, Talisker has invested $13.4 million on capital infrastructure projects in 2026. Collectively, these investments in both surface and underground mine infrastructure and workforce accommodations strengthen the operational foundation required to support increased mining rates, future production growth, and long term value creation at the Bralorne Gold Project. 

Geology and Resource Definition Activities

Geological activities in 2026 focused on delineation drilling, underground mapping, underground grade control sampling, stockpile sampling, geological interpretation, and resource modelling across several key mineralized zones, including:

Mustang Mine

• Alhambra Vein
• BK Vein
• BK-9870 Vein
• M1 Vein

Bralorne West Mine

• 101 Vein
• 276 Vein
• 277 Vein
• 278 Vein
• 55HW Vein
• 55 Vein

26,730 metres of resource conversion drilling have been completed as of August 31, 2026, including 14,933 metres in the producing Mustang Main Zone and 11,797 metres in the developing Bralorne West Zone. The Company currently has three diamond drills operating across the project, with drilling focused on resource growth, resource conversion, and supporting future mine development. A fourth diamond drill is anticipated for Q1 2027.

Preliminary Economic Assessment Technical Report

Work on the Company’s updated Preliminary Economic Assessment (“PEA”) continues to advance. Engineering, mine planning, infrastructure design, and economic evaluation activities remain on schedule, with completion of the PEA targeted as planned for late Q3 to early Q4, 2026.

The PEA is expected to provide an updated assessment of the long term development potential of the Bralorne Gold Project and support future growth planning.

Permitting Update

750 Tonne Per Day Bridge Application

The Mines Act permit amendment application, originally submitted in December 2025, underwent a comprehensive review and update to align the application with planned development. The application was significantly updated and resubmitted in July 2026. Key updates include:

• Modernization of the Reclamation and Closure Plan;
• Expansion of the mine plan to a five year operating horizon at 750 tonnes per day; and
• Relocation of planned camp infrastructure.

Major Permit Amendment

In July 2026, Talisker commenced a Joint Application Permit Amendment process to amend its Mines Act Permit and Environmental Management Act permits related to air emissions and effluent discharge. The amendments are designed to facilitate production rates above 750 tonnes per day and enable the construction of a milling facility at the Bralorne Gold Project.

Baseline environmental programs that will inform this application commenced in August 2026. Development of the permitting schedule is currently underway, with submission of the application targeted for 2027.

Crushing and Sorting Facility Update

Detailed engineering for the Crushing and Sorting Facility is progressing well, with key long lead time equipment deliveries now underway. The jaw crusher, cone crusher, and vibrating screen plant have been delivered. The sprung span structures that will house the equipment will begin manufacturing shortly and will start delivering in October, and additional equipment is expected to arrive throughout the fall, including the TOMRA sorter in Q4. Site preparation and earthworks are currently underway to support facility construction this fall, marking an important project milestone.

For further information, please contact:

Lindsay Dunlop
Vice President, Investor Relations
lindsay.dunlop@taliskerresources.com
+1 647 274 8975

Qualified Person

The technical information contained in this news release has been reviewed and approved by Patrick Weaver, P.Geo., Talisker’s Chief Production Geologist, Richard Murrell, C.Eng FIMMM, Talisker’s General Manager and Hugh Boden, P.Eng, Talisker’s Senior Mine Engineer, who are Qualified Persons as defined under Canadian National Instrument 43-101, Standards of Disclosure for Mineral Projects. Mr. Weaver, Mr. Murrell, and Mr. Boden are not independent of the Company in accordance with NI 43-101.

About Talisker Resources Ltd.

Talisker (taliskerresources.com) is a junior resource company involved in the exploration and development of gold projects in British Columbia, Canada. Talisker’s flagship asset is the high-grade, fully permitted Bralorne Gold Project where the Company is producing at the Mustang Mine. Talisker projects also include the Ladner Gold Project, an advanced stage project with significant exploration potential from an historical high-grade producing gold mine and the Spences Bridge Project where the Company has a significant landholding in the emerging Spences Bridge Gold Belt, and several other early stage Greenfields projects.

Caution Regarding Forward Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Talisker’s current belief or assumptions as to the outcome and timing of such future events. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Talisker. Although such statements are based on reasonable assumptions of Talisker’s management, there can be no assurance that any conclusions or forecasts will prove to be accurate. In particular, the Company advises that it does not have defined mineral reserves and it has not based its production decision on a feasibility study of mineral reserves demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration, development and operation of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions, access and supply risks, reliance on key personnel, operational risks regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks, title and environmental risks and risks relating to the failure to receive all requisite shareholder and regulatory approvals. Furthermore, historically, projects that are in production without defined mineral reserves have a much higher risk of economic and technical failure. There is no guarantee that production will proceed as anticipated or at all or that anticipated production costs will be achieved.

The forward-looking information contained in this release is made as of the date hereof, and Talisker is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

A Media Snippet accompanying this announcement is available by clicking on this link.

ORLANDO, FL, Sept. 14, 2026 (GLOBE NEWSWIRE) — Coda Octopus Group, Inc. (“CODA” or the “Company”) (Nasdaq: CODA) a global market leader in real-time 4D/5D/6D imaging sonar technology for real-time subsea intelligence and cutting-edge diving augmented reality technology (DAVD), today reported its unaudited financial results for its fiscal third quarter ended July 31, 2026 (TQ2026).

Annmarie Gayle, CODA’s Chairman and CEO, commented: “I am pleased with our overall operating results for the third quarter of fiscal 2026. During the quarter, we delivered growth in consolidated revenue, operating income and pre-tax income compared to the third quarter of fiscal 2025, while also increasing our cash position.

These results were achieved despite a decline in revenue within our core Marine Technology Business, which continues to be affected by geopolitical instability arising from the ongoing conflict involving Iran. The resulting uncertainty has impacted procurement activity across key markets in the Middle East and Asia, regions that have historically represented an important source of opportunities for our Marine Technology products.

However, the strength of our diversified business model enabled us to offset these challenges through strong growth in our Defense Engineering Services Business and continued progress in our Acoustics Sensors and Materials Business. The quarter demonstrates both the resilience of our operating model and our ability to continue investing in strategic growth initiatives while delivering improved financial performance

The numbers shown below have been rounded to one decimal point, unless two decimal points are required for clarity. The full TQ2026 financials can be found in CODA’s Form 10-Q filed with the SEC on September 14, 2026:

• Total revenue was approximately $7.7 million compared to $7.1 million in TQ2025, representing an increase of 9.2%.
• Revenue from our core business (Marine Technology Business) was $3.4 million compared to $4.0 million in TQ2025, representing a 15.2% decrease.
• Revenue from our Defense Engineering Services Business was $2.7 million compared to $1.6 million in TQ2025, representing an increase of 68.3%.
• Revenue from the Acoustics Sensors and Material Business was $1.6 million compared to $1.5 million in TQ2025, representing an increase of 10.4%.
• Gross profit was $5.1 million compared to $4.8 million in TQ2025. Gross margin was 65.4% compared to 68.3% in TQ2026, reflecting the mix of type and geography of sales reported in the Period.
• Operating income was $1.5 million in TQ2026 compared to $1.4 million in TQ2025, representing an increase of 11.1%.
• Operating margin was 19.9% compared to 19.5% in TQ2025, reflecting the increase in our gross profit in conjunction with a reduction in SG&A expenditures.
• Pre-tax income was approximately $1.8 million in TQ2026 compared to $1.5 million in TQ2025, representing an increase of 16.0%.
• Net income after taxes was approximately $1.4 million in TQ2026 compared to approximately $1.3 million in TQ2025, an increase of 8.3%.
• Diluted earnings per share in TQ2026 was $0.12 compared to $0.11 in TQ2025.
• Pre-tax income as a percentage of revenues for TQ2026 was approximately 23.2% compared to 21.9% in TQ2025. Research and Development expenditures for TQ2026 were approximately $0.7 million compared to approximately $0.6 million in TQ2025, representing an increase of 27.4%. SG&A in TQ2026 was approximately $2.8 million compared to $2.9 million in TQ2025, representing a decrease of 2.9%.

Our cash balance at the end of TQ2026 of $31.7 million representing an increase of $3.0 million over October 31, 2025, when this figure was $28.7 million.

Annmarie Gayle, CODA’s Chairman and CEO, commented: “While geopolitical instability continues to affect customer activity in certain regions, particularly the Middle East and parts of Asia, we were encouraged by the overall performance of the business during the quarter and by the increasing diversification of our revenue base.

Within our U.S. Defense Engineering Services business, we continued to see strengthening demand for repairs, sustainment and spare parts supporting long-standing U.S. defense programs. During the quarter, one of our prime contractor customers was awarded a multi-year repair and sustainment contract by the U.S. Government. Following that award, we experienced increased repair-related activity and additional subcontract opportunities associated with the program. We continue to view this area as a source of steady demand and future growth. Demand for spare parts supporting these sustainment programs also remains robust exceeding $2.4 million year-to-date.

We also continue to make progress in electronic warfare, which remains a significant area of defense investment. Our U.S. Defense Engineering Services segment is currently supporting several prime contractors in the development of rugged, deployable radio frequency (RF) electronic warfare systems for a variety of platforms, including unmanned systems, helicopters, airborne pods and ground vehicles. We believe these programs represent meaningful long-term opportunities, allowing us to build upon our established positions on legacy defense platforms while expanding into next-generation defense programs as technologies and operational requirements continue to evolve.

Within our Marine Technology business, we continue to make meaningful progress across our key strategic growth initiatives. During the quarter, we received orders totaling approximately $1.4 million for our proprietary DAVD tethered systems and peripherals. We believe our DAVD untethered system represents the larger long-term market opportunity for the DAVD technology. With Approved Navy Use authorization now in place, our customer has commenced training discrete user groups on the DAVD untethered system, and we continue to support this training program. We are also supporting several integration programs under contract where DAVD forms part of the vision and situational awareness component of broader operational systems.

We are likewise encouraged by the early market response to our recently launched Echoscope PIPE NANO Gen Series^®. Customer engagement remains strong, and we are currently working with at least five customers on the integration of NANO systems into their underwater vehicle platforms.

Echoscope^® products currently account for approximately 80% of Marine Technology Business revenue. The NANO Gen Series expands our addressable market by enabling smaller underwater platforms to benefit from real-time 3D spatial awareness, obstacle avoidance and enhanced situational awareness through a compact, power-efficient solution. We believe this positions us well to expand further into the growing defence, underwater robotics and autonomous vehicle markets. The technology is also complementary to our DAVD product line, with potential applications across diver-worn systems, diving platforms and a broad range of subsea robotic solutions.

We believe the long-term market drivers underlying our business remain compelling. Global defence priorities continue to focus on autonomous and unmanned maritime capabilities, creating significant opportunities for advanced underwater sensing, imaging and situational awareness technologies. Against this backdrop, we remain focused on commercial execution, innovation and expanding adoption of our key technologies while positioning the Company for long-term growth.”

The Company’s full financial results, including its results for the TQ2026, are available at www.nasdaq.com/symbol/coda/sec-filings.

Conference Call

CODA will host a conference call today, September 14, 2026, at 10:00 a.m. Eastern Time (7:00 a.m. Pacific Time) to discuss its results for its Fiscal Third Quarter ended July 31, 2026.

CODA management will provide prepared remarks, followed by a question-and-answer period.

Date: Monday, September 14, 2026

Time: 10:00 a.m. Eastern time (7:00 a.m. Pacific time)

U.S. dial-in numbers: 1-877-451-6152 or 1-201-389-0879

International number: 1-201-389-0879

Conference ID: 13762021

The conference call will broadcast live and be available for replay here.

Persons interested in attending are required to call the conference telephone number approximately 10 minutes before the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please press *0.

A replay of the call will be available after approximately 2:00 p.m. Eastern time on the same day through Monday, September 28, 2026 at 11:59 p.m. ET.

Telephone replay numbers: 1-844-512-2921 or 1-412-317-6671

International replay number: 1-412-317-6671

Access ID: 13762021

About Coda Octopus Group, Inc.

Coda Octopus Group, founded in 1994, is a leading provider of innovative solutions for the underwater and subsea markets. The Company develops and supplies a range of hardware and software technologies, including its proprietary real-time 4D/5D/6D imaging sonars—marketed under the Echoscope^®, Echoscope PIPE^®, and Echoscope PIPE NANO Gen Series^® brands—and its next-generation Diver Augmented Vision Display (DAVD) system. The Echoscope PIPE^® sonar produces real-time 3D/4D/5D imagery of moving objects underwater, even in zero-visibility conditions, and is used globally across commercial offshore and defense applications. These include complex underwater mapping, subsea intervention, asset placement, salvage and recovery, search and rescue, offshore renewable energy, marine construction, robotics, decommissioning, mine countermeasures, ship-hull scanning, diving operations, and port and harbor security.

The Company’s DAVD system has the potential to transform diving operations in both defense and commercial markets. DAVD integrates topside control with a diver-worn heads-up display, enabling shared visualization of the underwater environment and the exchange of critical information. By incorporating the Company’s sonar technology, DAVD also enables operations in zero-visibility conditions—a longstanding challenge in the diving industry.

Coda Octopus Group expanded its capabilities through the acquisition of Precision Acoustics Limited, a recognized leader in acoustic sensors and materials. Precision Acoustics specializes in hydrophone design and advanced acoustic materials for medical imaging and non-destructive testing (NDT), supporting the assessment of structures such as aircraft, ship hulls, wellheads, and other subsea assets. The company also collaborates with national and international standards bodies, including the UK’s National Physical Laboratory, contributing to the development of primary measurement standards.

The Group also includes two Defense Engineering Services businesses—Coda Octopus Martech Ltd (UK) and Coda Octopus Engineering, Inc. (U.S.)—which supply mission-critical sub-assemblies to major defense programs as subcontractors to prime contractors. Their work spans concept development, design, prototyping, manufacturing and post-delivery support, creating opportunities for recurring revenue throughout the life cycle of long-term defense programs

For further information, please visit http://www.codaoctopusgroup.com or contact us at coda@codaoctopusgroup.com.

Forward Looking Statements

This press release contains forward-looking statements concerning Coda Octopus Group, Inc. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect”, “assume” and similar expressions are intended to identify forward‐looking statements. Those forward-looking statements include, without limitation, statements regarding the Company’s expectations for the growth of the Company’s operations and revenue. Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include, but are not limited to, fluctuations in foreign exchange rates, changes in global economic conditions, tariff and trade policies, reductions in government defense spending, customer demand, geopolitical issues, the outcome of our ongoing research and development efforts relating to our products, including our patented real-time 3D solutions and DAVD; our ability to develop and expand the sales and business development capabilities required to commercialize our products and technologies; and other risks and uncertainties described in our Annual Report on Form 10-K for the year ended October 31, 2025, filed with the Securities and Exchange Commission on January 29, 2026, as amended by Form 10-K/A filed on February 26, 2026. Coda Octopus Group, Inc. does not undertake, and specifically disclaims, any obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur.

Contact:

Mr. Dillon King

Coda Octopus IR Team at coda.ir@codaoctopusgroup.com

Coda Octopus Group, Inc.

1- 407-735-2406

CODA OCTOPUS GROUP, INC. Consolidated Balance Sheets (Unaudited) July 31, 2026 and October 31, 2025
					2026								2025
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents					$	31,714,519							$	28,682,615
Accounts Receivable, net						5,620,208								3,732,806
Inventory						13,487,657								13,636,512
Unbilled Receivables						3,260,065								2,988,779
Prepaid Expenses						356,128								434,021
Other Current Assets						161,128								531,469
Total Current Assets						54,599,705								50,006,202
FIXED ASSETS
Property and Equipment, net						7,428,835								7,295,791
Right of Use Assets						339,766								372,647
Total Fixed Assets, net						7,768,601								7,668,438
OTHER ASSETS
Goodwill						3,639,334								3,639,334
Intangible Assets, net						2,845,726								3,179,588
Total Other Assets						6,485,060								6,818,922
Total Assets					$	68,853,366							$	64,493,562
CODA OCTOPUS GROUP, INC.  Consolidated Balance Sheets (Unaudited) (Continued) July 31, 2026 and October 31, 2025
		2026							2025
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts Payable		$	977,071						$	1,407,439
Current portion of operating lease liabilities			42,159							34,862
Accrued Expenses and Other Current Liabilities			2,577,220							2,475,952
Deferred Revenue			1,829,012							1,722,796
Total Current Liabilities			5,425,462							5,641,049
LONG TERM LIABILITIES
Deferred Tax Liability, net			317,214							317,949
Non-current operating lease liabilities, net			343,222							360,070
Deferred Revenue, net			36,656							59,080
Total Long Term Liabilities			697,092							737,099
Total Liabilities			6,122,554							6,378,148
Commitments and contingencies
STOCKHOLDERS’ EQUITY
Common Stock, $.001 par value; 150,000,000 shares authorized, 11,291,850 issued and 11,280,754 outstanding as of July 31, 2026 and 11,280,368 shares issued and 11,270,575 outstanding as of October 31, 2025			11,281							11,271
Preferred Stock $.001 par value; 5,000,000 shares authorized, zero issued and outstanding as of July 31, 2026 and October 31, 2025			–							–
Treasury Stock 11,096 shares as of July 31, 2026 and 9,793 at October 31, 2025			(75,602				)			(61,933					)
Additional Paid-in Capital			63,360,347							63,321,294
Accumulated Other Comprehensive Loss			(1,306,798				)			(1,878,657					)
Accumulated Earnings (Deficit)			741,584							(3,276,561					)
Total Stockholders’ Equity			62,730,812							58,115,414
Total Liabilities and Stockholders’ Equity		$	68,853,366						$	64,493,562

CODA OCTOPUS GROUP, INC. Consolidated Statements of Income and Comprehensive Income (Unaudited)
		Three Months Ended July 31,								Nine Months Ended July 31,
		2026				2025				2026				2025
Net Revenues		$	7,717,469			$	7,064,795			$	21,331,593			$	19,291,969
Cost of Revenues			2,667,175				2,241,039				7,336,216				6,542,462
Gross Profit			5,050,294				4,823,756				13,995,377				12,749,507
OPERATING EXPENSES
Research & Development			729,216				572,468				1,983,622				1,805,589
Selling, General & Administrative			2,787,803				2,871,309				7,675,434				7,814,233
Total Operating Expenses			3,517,019				3,443,777				9,659,056				9,619,822
INCOME FROM OPERATIONS			1,533,275				1,379,979				4,336,321				3,129,685
OTHER INCOME
Other Income			24,259				8,922				197,453				119,921
Interest Income			233,817				154,848				578,002				494,613
Total Other Income, net			258,076				163,770				775,455				614,534
INCOME BEFORE INCOME TAX EXPENSE			1,791,351				1,543,749				5,111,776				3,744,219
INCOME TAX (EXPENSE) BENEFIT
Current Tax (Expense)			(408,583	)			(268,786	)			(1,104,002	)			(692,361	)
Deferred Tax Benefit			6,844				8,022				10,371				52,864
Total Income Tax (Expense)			(401,739	)			(260,764	)			(1,093,631	)			(639,497	)
NET INCOME		$	1,389,612			$	1,282,985			$	4,018,145			$	3,104,722
NET INCOME PER SHARE:
Basic		$	0.12			$	0.11			$	0.36			$	0.28
Diluted		$	0.12			$	0.11			$	0.36			$	0.27
WEIGHTED AVERAGE SHARES:
Basic			11,279,904				11,237,654				11,275,149				11,226,665
Diluted			11,298,951				11,304,549				11,294,196				11,293,560
NET INCOME		$	1,389,612			$	1,282,985			$	4,018,145			$	3,104,722
Foreign Currency Translation Adjustment			(98,810	)			70,492				571,859				842,345
Total Other Comprehensive (Loss) Income		$	(98,810	)		$	70,492			$	571,859			$	842,345
COMPREHENSIVE INCOME		$	1,290,802			$	1,353,477			$	4,590,004			$	3,947,067

Renowned industry expert brings proven experience in international market development and government relations

Appointment reflects Company’s commitment to building long-term leadership positions in global cannabis markets

VANCOUVER, British Columbia, Sept. 14, 2026 (GLOBE NEWSWIRE) — Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) today announced the appointment of Deepak Anand as Vice President of Government Affairs. In this newly created role, Mr. Anand will lead government relations, regulatory affairs and public policy strategies across the Company’s global footprint, with a particular focus on activating new market and product growth opportunities. Mr. Anand brings close to two decades of experience at the intersection of cannabis policy, government relations and international market development, and will report directly to Chief Strategy Officer Brian Stevenson.

President and Chief Executive Officer Michael A. DeGiglio commented, “Deepak is a widely respected voice in global cannabis policy, and his appointment reflects our increasing strategic focus on developing strong international government affairs as we continue expanding around the globe. We’re proud to welcome him to Village Farms and believe his track record building relationships with regulators and policymakers across multiple continents will strengthen our ability to build long-term leadership positions in new and existing markets.”

Deepak Anand commented, “Village Farms has built one of the most attractive platforms in the global cannabis industry, and I’m excited to join a company with such strong international growth ambitions. Over the course of my career, I’ve had the opportunity to work with licensed producers, policymakers and senior government officials around the world, and I look forward to bringing that experience to the Company as we continue navigating the evolving global regulatory landscape.”

Prior to joining Village Farms, Deepak served as President of ASDA Consultancy Services, where he advised more than 40 cannabis companies globally, as well as consumer packaged goods and tobacco companies entering the cannabis industry. He also previously served as Vice President of Government Relations at Cannabis Compliance Inc. (“CCI”), a leading cannabis regulatory and compliance consulting firm later acquired by Deloitte, and as Vice President of Business Development at Zenabis. He has developed businesses across Europe, including in Germany and the United Kingdom, and has held several board and advisory roles across the global cannabis industry, including as an independent director of The Valens Company. Mr. Anand holds a Master of Business Administration from Vancouver Island University.

About Village Farms International, Inc.

Village Farms is a global leader in cannabis, plant-based consumer packaged goods, and sustainable innovation. With a legacy built on decades of Controlled Environment Agriculture expertise and Dutch farming practices, today the Company is one of the world’s largest and most profitable cannabis operators with an asset portfolio that spans over 7 million square feet of advanced greenhouse and indoor cultivation assets.

In Canada, Village Farms operates the world’s largest EU-GMP certified cannabis facility at its production campus in Delta, British Columbia, and exports products to international medical markets. The Company is also a market share leader in dried flower formats and produces and distributes some of the country’s highest quality and best-selling strains, including its flagship Pure Sunfarms Pink Kush, one of the most widely consumed strains on the planet. Village Farms’ Canadian brand portfolio includes Pure Sunfarms, Fraser Valley Weed Co., Soar, Super Toast, Pure Laine, Tam Tams and Promenade.

In the Netherlands, the Company is one of only ten licensed operators in the country’s regulated cannabis program, and in the United States its CBDistillery brand is one of the country’s premier cannabinoid wellness platforms, and it also holds equity interests in cannabis businesses in Australia and Germany. Beyond cannabis, the Company holds an equity interest in Verdexa Holdings, a private venture pursuing strategic acquisitions to build a premier branded food platform, and its Clean Energy division transforms landfill gas into renewable natural gas and receives royalties on all revenues generated.

Contact Information

Sam Gibbons Senior Vice President, Corporate Affairs Phone: (407) 495-5067 Email: sgibbons@villagefarms.com

Immunocore announces achievement of target enrollment in registrational TEBE-AM trial with KIMMTRAK^® (tebentafusp) in previously treated advanced melanoma

Topline overall survival data expected as early as end of 2026

(OXFORDSHIRE, England & CONSHOHOCKEN, PA & ROCKVILLE, MD, US, 14 September 2026) Immunocore Holdings plc (Nasdaq: IMCR) (“Immunocore” or the “Company”), a commercial-stage biotechnology company pioneering and delivering transformative immunomodulating medicines to radically improve outcomes for patients with cancer, infectious diseases and autoimmune diseases, today announced the achievement of target patient enrollment (540 patients) in the TEBE-AM clinical trial (NCT05549297).

TEBE-AM is a global, randomized, registrational Phase 3 clinical trial evaluating KIMMTRAK (tebentafusp) as monotherapy and in combination with pembrolizumab, versus Investigator’s Choice, for the treatment of HLA-A*02:01-positive patients with advanced melanoma whose disease has progressed following prior therapy. The primary endpoint is overall survival.

“Achieving target enrollment in TEBE-AM is an important milestone for Immunocore and a critical step toward addressing the substantial unmet need in previously treated, post-PD1 advanced melanoma, a setting with limited treatment options,” said Mohammed Dar, Chief Medical Officer of Immunocore. “We are grateful to the patients and investigators participating in the trial.”

With target enrollment now achieved, patients enrolled in the trial will continue to be followed for the planned overall survival analysis.

The Company believes tebentafusp has the potential to address a significant unmet need for up to 4,000 HLA-A*02:01-positive patients with previously treated advanced melanoma in the post-PD1 setting, in the United States and Europe. The Company expects to be able to share topline data as early as the end of 2026.

###

About ImmTAC^® molecules for cancer

Immunocore’s proprietary T cell receptor (TCR) technology generates a novel class of bispecific biologics called ImmTAC (Immune mobilizing monoclonal TCRs Against Cancer) molecules that are designed to redirect the immune system to recognize and kill cancerous cells. ImmTAC molecules are soluble TCRs engineered to recognize intracellular cancer antigens with ultra-high affinity and selectively kill these cancer cells via an anti-CD3 immune-activating effector function. Based on the demonstrated mechanism of T cell infiltration into human tumors, the ImmTAC mechanism of action holds the potential to treat hematologic and solid tumors, regardless of mutational burden or immune infiltration, including immune “cold” low mutation rate tumors.

About TEBE-AM – Phase 3 registrational trial with tebentafusp in previously treated advanced melanoma

The trial is evaluating tebentafusp in patients with second-line or later advanced melanoma who have progressed on an anti-PD1, received prior ipilimumab and, if applicable, received a BRAF kinase inhibitor. The study comprises three arms: tebentafusp as monotherapy, tebentafusp in combination with an anti-PD-1, and a control arm. The primary endpoint is overall survival.

About Cutaneous Melanoma

Cutaneous melanoma (CM) is the most common form of melanoma. It is the most aggressive skin carcinoma and is associated with the vast majority of skin cancer-related mortality. The majority of patients with CM are diagnosed before metastasis and survival remains poor for the large proportion of patients with metastatic disease. Despite recent progress in advanced melanoma therapy, there is still an unmet need for new therapies that improve first-line response rates and duration of response as well as for patients who are refractory to first-line treatments.

About KIMMTRAK^®

KIMMTRAK is a novel bispecific protein comprised of a soluble T cell receptor fused to an anti-CD3 immune-effector function. KIMMTRAK specifically targets gp100, a lineage antigen expressed in melanocytes and melanoma. This is the first molecule developed using Immunocore’s ImmTAC technology platform, designed to redirect and activate T cells to recognize and kill tumor cells. KIMMTRAK has been approved for the treatment of HLA-A*02:01-positive adult patients with unresectable or metastatic uveal melanoma in the United States, European Union, Canada, Australia, and the United Kingdom.

IMPORTANT SAFETY INFORMATION

Cytokine Release Syndrome (CRS), which may be serious or life-threatening, occurred in patients receiving KIMMTRAK. Monitor for at least 16 hours following first three infusions and then as clinically indicated. Manifestations of CRS may include fever, hypotension, hypoxia, chills, nausea, vomiting, rash, elevated transaminases, fatigue, and headache. CRS occurred in 89% of patients who received KIMMTRAK with 0.8% being grade 3 or 4. Ensure immediate access to medications and resuscitative equipment to manage CRS. Ensure patients are euvolemic prior to initiating the infusions. Closely monitor patients for signs or symptoms of CRS following infusions of KIMMTRAK. Monitor fluid status, vital signs, and oxygenation level and provide appropriate therapy. Withhold or discontinue KIMMTRAK depending on persistence and severity of CRS.

Skin Reactions

Skin reactions, including rash, pruritus, and cutaneous edema occurred in 91% of patients treated with KIMMTRAK. Monitor patients for skin reactions. If skin reactions occur, treat with antihistamine and topical or systemic steroids based on persistence and severity of symptoms. Withhold or permanently discontinue KIMMTRAK depending on the severity of skin reactions.

Elevated Liver Enzymes

Elevations in liver enzymes occurred in 65% of patients treated with KIMMTRAK. Monitor alanine aminotransferase (ALT), aspartate aminotransferase (AST), and total blood bilirubin prior to the start of and during treatment with KIMMTRAK. Withhold KIMMTRAK according to severity.

Embryo-Fetal Toxicity

KIMMTRAK may cause fetal harm. Advise pregnant patients of potential risk to the fetus and patients of reproductive potential to use effective contraception during treatment with KIMMTRAK and 1 week after the last dose.

The most common adverse reactions (≥30%) in patients who received KIMMTRAK were cytokine release syndrome, rash, pyrexia, pruritus, fatigue, nausea, chills, abdominal pain, edema, hypotension, dry skin, headache, and vomiting. The most common (≥50%) laboratory abnormalities were decreased lymphocyte count, increased creatinine, increased glucose, increased AST, increased ALT, decreased hemoglobin, and decreased phosphate.

For more information, please see full Summary of Product Characteristics (SmPC) or full U.S. Prescribing Information (including BOXED WARNING for CRS).

About Immunocore

Immunocore is a commercial-stage biotechnology company pioneering the development of a novel class of TCR bispecific immunotherapies called ImmTAX – Immune mobilizing monoclonal TCRs Against X disease – designed to treat a broad range of diseases, including cancer, autoimmune diseases and infectious diseases. Leveraging its proprietary, flexible, off-the-shelf ImmTAX platform, Immunocore is developing a deep pipeline in multiple therapeutic areas, including clinical and pre-clinical programs in oncology, infectious diseases, and autoimmune diseases. The Company’s most advanced oncology TCR therapeutic, KIMMTRAK, has been approved for the treatment of HLA-A*02:01-positive adult patients with unresectable or metastatic uveal melanoma in the United States, European Union, Canada, Australia, and the United Kingdom.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as “may”, “will”, “believe”, “expect”, “plan”, “anticipate”, “aim”, “continue”, “target” and similar expressions (as well as other words or expressions referencing future events or circumstances) are intended to identify forward-looking statements. All statements, other than statements of historical facts, included in this press release are forward-looking statements. These statements include, but are not limited to, statements regarding the estimated size of the patient populations for the Company’s product candidates; the Company’s expectations regarding the design, progress, timing, enrollment, randomization, scope, expansion, and results of its TEBE-AM trial. Any forward-looking statements are based on management’s current expectations and beliefs of future events and are subject to a number of risks and uncertainties that could cause actual events or results to differ materially and adversely from those set forth in or implied by such forward-looking statements, many of which are beyond the Company’s control. These risks and uncertainties include, but are not limited to, the impact of worsening macroeconomic conditions, including as a result of health epidemics or pandemics, war in Ukraine, the conflict in the Middle East, or global geopolitical tension, on the Company’s business, financial position, strategy and anticipated milestones, including Immunocore’s ability to conduct ongoing and planned clinical trials; the Company’s ability to obtain a clinical supply of current or future product candidates or commercial supply of KIMMTRAK or any future approved products; the Company’s ability to obtain and maintain regulatory approval of KIMMTRAK and its other product candidates; the Company’s ability and plans in continuing to establish and expand a commercial infrastructure and to successfully launch, market and sell KIMMTRAK and any future approved products; the Company’s ability to successfully expand the approved indications for KIMMTRAK or obtain marketing approval for KIMMTRAK in additional geographies in the future; the delay of any current or planned clinical trials, whether due to patient enrollment delays or otherwise; the Company’s ability to successfully demonstrate the safety and efficacy of its product candidates and gain approval of its product candidates on a timely basis, if at all; competition with respect to market opportunities; unexpected safety or efficacy data observed during preclinical studies or clinical trials; actions of regulatory agencies, which may affect the initiation, timing and progress of clinical trials or future regulatory approval; Immunocore’s need for and ability to obtain additional funding, on favorable terms or at all, including as a result of worsening macroeconomic conditions, including changes in inflation and interest rates and unfavorable general market conditions, and the impacts thereon of the war in Ukraine, the conflict in the Middle East, and global geopolitical tension; Immunocore’s ability to obtain, maintain and enforce intellectual property protection for KIMMTRAK or any of its product candidates it or its collaborators are developing; and the success of Immunocore’s current and future collaborations, partnerships or licensing arrangements. These and other risks and uncertainties are described in greater detail in the section titled “Risk Factors” in Immunocore’s filings with the Securities and Exchange Commission, including Immunocore’s most recent Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Securities and Exchange Commission on February 25, 2026, as well as discussions of potential risks, uncertainties, and other important factors in the Company’s subsequent filings with the SEC. All information in this press release is as of the date of the release, and the Company undertakes no duty to update this information, except as required by law.

Contact Information

Immunocore
Sébastien Desprez, Head of Communications
T: +44 (0) 7458030732
E: sebastien.desprez@immunocore.com
Follow on LinkedIn: @Immunocore

Ryan Baker, Vice President, Investor Relations
T: +1 (215) 384-4781
E: ir@immunocore.com