Author: Ravi Shankar

SUDBURY, Ontario, Oct. 21, 2026 (GLOBE NEWSWIRE) — Magna Mining Inc. (TSX: NICU) (OTCQX: MGMNF) (FSE: 8YD) (“Magna” or the “Company”) is pleased to announce the results of a Pre-Feasibility Study (“PFS”) prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) for the 100% owned Crean Hill Project (“Crean Hill”), located in the South Range of the Sudbury Basin, northeastern Ontario. All amounts are expressed in Canadian dollars unless otherwise indicated.

Crean Hill PFS Highlights:

• Twelve-year commercial mine life with over 11 million tons of probable reserves: The Crean Hill PFS contemplates underground mining of 11.4 million tons of probable reserves at an average mining rate of approximately 2,400 tons per day during the twelve-year commercial mine life.
• Robust production profile with significant precious metals byproduct credits: Average annual payable copper equivalent (“CuEq”)^1,2 production of 35.5 million pounds (“lbs”) during commercial production at all-in sustaining costs (“AISC”) of US$3.55 per CuEq payable lb, including 42 thousand ounces of precious metals (platinum + palladium + gold) on average per year which contribute approximately 38.9% of revenues during this time.
• Attractive base case economics with strong commodity price leverage: Assuming base case commodity prices¹, the Crean Hill PFS estimates payback in 1.5 years with an after-tax Internal Rate of Return (“IRR”) of 43.4% and an after-tax NPV7% of $251.0 million. Pre-tax cash flows average approximately $65.2 million per year and increase to $96.2 million per year using September 2026 average commodity prices¹, while the after-tax NPV7% increases to $406.1 million, the IRR improves to 65.4%, and the payback period falls to 0.8 years.
• Manageable initial capital spread over a three-year pre-commercial production period: Initial capital costs from January 1, 2027 are estimated to be $127.0 million. This initial capital is expected to be offset by refundable tax credits³ of $17.2 million and pre-commercial production operating cash flow of approximately $37.4 million using base case price assumptions, leaving a calculated net initial funding requirement of $72.4 million. Construction spending is expected to ramp up gradually over a three-year period with first ore sales in late 2027 and commercial production achieved in early 2030.
• Positive potential impact from the recently announced Productivity Mega Deduction: Incorporation of the Productivity Mega Deduction (“PMD”)⁴ could reduce the estimated federal taxes payable over the life of mine, especially during the early years of commercial production. By accelerating the utilization of certain tax deductions via the PMD, the Crean Hill PFS after-tax NPV7% would improve by $5.7 million to $256.7 million and the IRR would increase to 45.5%.

Crean Hill construction to commence in 2027: Based on the results of the PFS (summarized in Table 1), the Company’s Board of Directors has approved construction of the Crean Hill project, which will commence in 2027. In the interim, the Company will continue with detailed engineering work, surface site preparations including installation of grid power and recruitment of additional personnel.

Crean Hill exploration drilling now underway: In addition, an exploration diamond drill rig has been mobilized to the Crean Hill Project and has started drill testing new targets for additional footwall copper and precious metals-rich mineralization.  

¹ Base case price assumptions: US$5.10/lb Cu, US$8.00/lb Ni, US$20.00/lb Co, US$3,600/oz Au, US$1,500/oz Pt, US$1,200/oz Pd, US$45.00/oz Ag; CAD/USD $1.385. Illustrative spot price case assumptions based on September 2026 average prices: US$6.55/lb Cu, US$7.50/lb Ni, US$24.90/lb Co, US$4,320/oz Au, US$1,785/oz Pt, US$1,310/oz Pd, US$64.50/oz Ag; CAD/USD $1.370.
² Payable CuEq production considers base case price assumptions and modeled recovery and payabilities for each metal.
³ Assumes $17.2 million in refundable tax credits via the Clean Technology Manufacturing Investment Tax Credit (CTM-ITC).
⁴ On September 15, 2026, the Canadian federal government announced the Productivity Mega Deduction (“PMD”), allowing businesses to immediately deduct the cost of a broad range of capital assets, rather than claiming those deductions over time. The PMD is subject to legislative approval.  

Jason Jessup, CEO of Magna Mining, stated, “We are pleased to announce the results of the Crean Hill PFS, which demonstrates robust economics and a clear path toward construction. The base case delivers an after-tax IRR of 43.4% and a 1.5-year payback period. Crean Hill also benefits from a balanced mix of copper, nickel and precious metals production, providing meaningful exposure to seven payable metals without an overreliance on any single commodity.

The PFS outlines a 12-year commercial mine life and C$72.4 million of net initial funding after refundable tax credits and pre-commercial production operating cash flow. The development plan builds on the core approach established in the 2024 Crean Hill PEA—advancing a new ramp from surface before re-establishing shaft hoisting—and leverages the project’s brownfield setting and existing infrastructure. On the strength of these results, our Board has approved moving forward with construction in 2027. In the interim, our team will continue detailed engineering and design, advance procurement of long-lead items, site preparation and recruitment of the additional people needed to execute the plan. We are also excited to have initiated exploration drilling at Crean Hill for the first time since 2024. I would like to thank everyone whose work and commitment have advanced the project to this important milestone.”

Table 1: Key Crean Hill PFS Project Metrics
Production Profile		Unit
Commercial Mine Life	12.0	years
Mining rate1	2,397	tons per day
Total mined ore (Probable Reserve)	11,358,861	tons
CuEq head grade1,5	2.99%
Avg. annual copper production1	9.5	million payable lbs
Avg. annual nickel production1	7.5	million payable lbs
Avg. annual precious metals production1	42.0	koz Pt+Pd+Au payable
Avg. annual CuEq production1,5	35.5	million payable lbs
Operating Costs		Unit
Production costs LOM	$152.62	C$ per ton processed
Total cash costs LOM	US$3.10	US$ per CuEq payable lb
All-in sustaining costs LOM	US$3.55	US$ per CuEq payable lb
Capital Costs
Initial capital2	$127.0	C$ million
Refundable tax credits	-$17.2	C$ million
Pre-commercial production operating cash flow	-$37.4	C$ million
Net initial funding	$72.4	C$ million
LOM sustaining capital	$261.7	C$ million
Project Economics	Base Case3	Spot Price Case4
Avg. annual operating cash flow1 (C$ million)	C$87.3 M	C$118.3 M
Pre-tax NPV7% (C$ million)	C$329.7 M	C$554.3 M
After-tax NPV7% (C$ million)	C$251.0 M	C$406.1 M
After-tax IRR	43.4%	65.4%
After-tax cash flow LOM (C$ million)	C$507.8 M	C$779.2 M
After-tax payback period	1.5 years	0.8 years
After-tax NPV7% with PMD6 (C$ million)	C$256.7 M	C$412.4 M
After-tax IRR with PMD6	45.5%	68.0%

¹Production averages cover commercial production from Years 4-15. CuEq head grade is on a contained basis covering Life of Mine, CuEq determined using base case metal price assumptions. Tons are short tons (2,000 lb).
²Year 1-3 pre-commercial production capital, after equipment financing timing effect; before operating cash flow and refundable tax credits. Payback is measured from end of Year 3.
³US$5.10/lb Cu, US$8.00/lb Ni, US$20.00/lb Co, US$3,600/oz Au, US$1,500/oz Pt, US$1,200/oz Pd, US$45.00/oz Ag; CAD/USD $1.385.
⁴Illustrative spot-price case based on September 2026 average prices: US$6.55/lb Cu, US$7.50/lb Ni, US$24.90/lb Co, US$4,320/oz Au, US$1,785/oz Pt, US$1,310/oz Pd, US$64.50/oz Ag; CAD/USD $1.370.
⁵See Tables included with Figures 2 and 3 for grades and contribution of specific metals.
⁶On September 15, 2026, the Canadian federal government announced the proposed Productivity Mega Deduction (“PMD”), which would permit the immediate deduction of certain eligible capital expenditures for income tax purposes. As the PMD has not yet been enacted into law, the benefit has been excluded from the base-case economic analysis and is presented separately as a sensitivity.

Figure 1: Location of Crean Hill and Key Sudbury Infrastructure

PFS Overview

The Crean Hill project, located in the South Range of the Sudbury Basin (Figure 1), is a brownfield redevelopment of the past-producing nickel-copper-precious metals (platinum, palladium, gold, silver) Crean Hill Mine. Since 1906, the Crean Hill mine site underwent multiple phases of open-pit and underground mining with the most recent operations having ceased in 2002. During this period, approximately 20.4 million tonnes of ore were produced at an average grade of 1.31% nickel, 1.09% copper, and 1.56 g/t total precious metals (platinum + palladium + gold). The underground workings have subsequently flooded, and all surface infrastructure dismantled. In November 2022, the Company acquired Lonmin Canada Inc., including the past-producing Crean Hill Mine. The Company holds the mining rights from the top of the existing concrete capped Shaft #2 (former historic Crean Hill Mine production shaft) to a depth of 4,500 feet (1,372 metres). Vale Canada Limited (Vale) continues to hold all Mining Rights below 4,500 feet. Topics covered in the PFS include the mining design basis, geotechnical design basis, hydrogeology and dewatering, mine access and design, mining method and stope design, development, production schedule, metallurgy, mobile fleet, workforce, ventilation, backfill, material handling and grade control. The PFS was prepared by SGS Geological Services (SGS) with the assistance of Magna’s Projects team, as well as insights from current operations at the Company’s McCreedy West Mine in Sudbury. The PFS incorporates geological information collected by the Company including 199 diamond drill holes for a total of 44,895 metres of drilling between November 2022 and December 2024, the results from the 20,000 tonne bulk sample program executed in the second half of 2024, as well as historic information from the previous underground mining operations at Crean Hill.

Mine Plan and Production Schedule

The Crean Hill PFS mine plan (summarized in Table 1) envisions an underground mining operation, with the probable reserves being hauled and sold to an existing third-party mill in Sudbury. Initial mining is contemplated by ramp access via a new surface portal with the eventual rehabilitation and re-establishment of the historic Shaft #2 for ore hoisting as mining progresses deeper. The PFS assumes go-forward capital spending begins on January 1, 2027 and ramps up over the first three years with initial ore generated towards the end of Year 1 and commercial production anticipated at the end of Year 3 (Figure 2). At the target commercial production rate of approximately 2,400 short tons per day, the mine plan includes 11.4 million short tons over a 12.0 year mine life.

The mineralized zones incorporated in the PFS mine plan include both contact ore (including the Main, Intermediate, 99 and 9400 Zones) as well as footwall ore (the 109 FW Zone). The 11.4 million short tons of probable reserves are derived from the current Crean Hill Mineral Resource Estimate.

Figure 2 shows annual mill feed by ore type and contained CuEq head grade. During commercial production (Years 4-15), ore shipped and processed averages 875,000 tons per year. The contained CuEq head grade uses base case metal prices, without recovery, payability, or cost deductions and averages 2.99% CuEq over the twelve-year commercial mine life. Figure 3 shows payable metal production expressed as CuEq, using the modeled recoveries and payabilities. Precious metal head grades in Figure 2 are in grams per tonne. Annual payable metal production during the twelve-year commercial mine life averages 35.5 million lbs CuEq, comprised of 9.5 million lbs copper, 7.5 million lbs nickel, 6,400 oz gold, 15,600 oz platinum, and 19,900 oz palladium.  

Figure 2: Crean Hill PFS Production Schedule & Contained Copper Equivalent Grade

Year		Y 1	Y 2	Y 3	Y 4	Y 5	Y 6	Y 7	Y 8	Y 9	Y 10	Y 11	Y 12	Y 13	Y 14	Y 15
Ore shipped (short tons)		8,139	401,572	450,372	887,305	887,056	887,533	888,744	887,497	887,557	888,088	887,387	832,259	887,188	888,906	789,259
Contained Grades	CuEq (%)	2.05	3.12	2.96	3.04	3.34	3.78	2.87	2.56	2.92	2.82	2.76	3.13	2.81	3.18	2.67
	Cu (%)	0.49	0.77	0.71	0.68	0.56	0.53	0.60	0.57	0.69	0.69	0.68	0.68	0.51	0.57	0.57
	Ni (%)	0.59	1.01	0.80	0.70	0.59	0.52	0.68	0.68	0.79	0.81	0.76	0.56	0.57	0.58	0.56
	Co (%)	0.02	0.03	0.03	0.02	0.02	0.02	0.02	0.02	0.03	0.03	0.03	0.02	0.02	0.02	0.02
	Au (gpt)	0.21	0.25	0.33	0.39	0.61	0.68	0.32	0.22	0.27	0.24	0.22	0.59	0.47	0.66	0.31
	Pt (gpt)	0.43	0.57	0.74	0.87	1.31	1.93	0.96	0.73	0.66	0.62	0.65	1.00	1.09	1.20	0.92
	Pd (gpt)	0.39	0.35	0.61	1.09	1.69	2.30	1.04	0.80	0.94	0.68	0.78	1.30	1.09	1.17	1.16
	Ag (gpt)	0.96	0.87	1.31	0.74	1.07	2.84	0.83	0.57	0.99	1.05	1.23	0.58	0.55	1.46	0.97

Figure 3: Crean Hill PFS Copper Equivalent Payable Metal Production

Year		Y 1	Y 2	Y 3	Y 4	Y 5	Y 6	Y 7	Y 8	Y 9	Y 10	Y 11	Y 12	Y 13	Y 14	Y 15
Payable Metal	CuEq (million lb)	0.21	17.33	18.09	36.92	40.90	46.60	34.35	29.88	35.16	33.77	32.84	35.76	33.46	38.53	27.96
	Cu (million lb)	0.07	5.51	5.69	10.78	8.93	8.37	9.57	9.05	10.97	10.85	10.73	10.10	8.11	9.07	8.06
	Ni (million lb)	0.06	5.92	5.06	8.42	6.62	5.63	8.04	8.13	9.70	10.10	9.26	5.84	6.38	6.60	5.61
	Co (million lb)	0.001	0.060	0.051	0.084	0.068	0.058	0.088	0.088	0.092	0.102	0.092	0.060	0.064	0.067	0.064
	Au (koz)	0.024	1.458	2.472	6.102	10.366	11.844	4.642	2.654	3.537	2.942	2.680	9.436	7.626	11.376	3.982
	Pt (koz)	0.041	3.109	5.156	13.511	22.553	34.929	15.251	10.115	8.636	7.853	8.596	15.124	17.983	20.282	12.937
	Pd (koz)	0.038	1.500	4.223	18.343	31.352	43.774	17.256	12.274	15.145	9.746	11.897	21.892	18.767	20.659	18.034
	Ag (koz)	–	–	–	–	–	27.941	–	–	–	–	–	–	–	–	–

Capital and Operating Costs

The Crean Hill Project is a former operating mine site with existing infrastructure such as year-round access, nearby electrical power line grid, and available water sources. Pre-existing infrastructure as well as capital invested prior to the end of 2026 is treated as sunk capital for the purposes of the PFS.

Estimated initial capital is $127.0 million, including $17.9 million of contingency. The estimate comprises capital expenditure from January 1, 2027 to the start of commercial production at the end of Year 3, reflecting the timing of equipment financing (Table 2). Estimated initial capital is presented after equipment financing timing effects. Deferred equipment purchase payments are included in subsequent years. Initial capital is estimated to be $33.0 million in Year 1, $35.0 million in Year 2, and $59.0 million in Year 3. The after-tax cash flow model incorporates the Clean Technology Manufacturing investment tax credits. Eligibility and receipt of those credits remain subject to the applicable requirements and the Company’s tax review. While pre-commercial production operating cash flow and the benefit of refundable tax credits does not reduce the initial capital required, it does help to decrease the net cash outlay at the end of the ramp-up period to an estimated $72.4 million.

Estimated sustaining capital from commercial production at the end of Year 3 onward is $261.7 million.

Table 2: Crean Hill Initial Capital Costs
Initial Capex	C$ million
Mining Capital
Underground development	$35.0
Mobile fleet (after financing timing effects)	$38.9
Underground infrastructure	$8.7
Subtotal	$82.6
Surface Infrastructure Capital
Ventilation	$2.9
Water management	$3.3
Power distribution & substation	$2.9
Backfill plant & reticulation	$4.4
Other surface facilities	$1.9
Subtotal	$26.4
Contingency	$17.9
Total initial capital (Year 1-3)1	$127.0
Refundable tax credits	-$17.2
Pre-commercial production operating cash flow	-$37.4
Net initial funding	$72.4

¹ Figures may not sum exactly due to rounding

The Company’s producing McCreedy West Mine is also located in Sudbury and provides an operating cost and productivity benchmark. Average life-of-mine operating costs in the Crean Hill PFS are $152.62 per short ton processed (Table 3). Cash costs are US$3.10/lb payable CuEq and AISC are US$3.55/lb payable CuEq. Cash costs and AISC use the commercial production periods and AISC includes estimated sustaining capital. These are non-GAAP measures and may not be comparable with similarly named measures used by other companies.

Table 3: Crean Hill PFS Operating Costs
Operating Costs	LOM		Unit
Mining costs	$77.47		C$/ton shipped
Surface & processing costs	$57.04		C$/ton shipped
General & site administration costs	$18.11		C$/ton shipped
Total Operating Costs	$152.62		C$/ton shipped
Total Cash Costs	US$3.10		US$/lb CuEq payable
AISC	US$3.55		US$/lb CuEq payable

Project Economics & Sensitivity

At the base-case prices in Table 4, recovered payable metal value comprises the following revenue share 27.3% copper, 34.4% nickel, 12.4% gold, 12.5% platinum, 12.5% palladium, 0.9% cobalt, 0.1% silver. The average annual revenue during commercial production is $223.4 million while pre-tax cash flows average approximately $65.2 million per year (Figure 4). The Crean Hill PFS base case pre-tax NPV7% is $329.7 million and the after-tax NPV7% is $251.0 million, with an after-tax IRR of 43.4% and payback of 1.5 years. The after-tax NPV7% incorporates the Company’s current tax assumptions, including an estimated benefit of $40.0 million LOM from the Clean Technology Manufacturing investment tax credit. The realization of this tax benefit remains subject to the Company’s ability to satisfy the applicable legislative and tax filing requirements.

An illustrative spot-price case scenario based on average metal prices during September 2026 returns a pre-tax NPV7% of $554.3 million, an after-tax NPV7% of $406.1 million, an after-tax IRR of 65.4% and payback of 0.8 years. The average annual revenue during commercial production in the spot-price case scenario is $255.1 million while pre-tax cash flows would average approximately $96.2 million per year. Tables 4 and 5 and Figure 5 show fixed mine plan sensitivities. Price-only sensitivities hold the base exchange rate constant; the illustrative spot case applies USD/CAD 0.730 to revenue and U.S. dollar milling charges, with other cost translations held at the base case rate.

The base case after-tax economic results exclude any benefit associated with the PMD tax incentive. For illustrative purposes, a separate tax sensitivity was completed assuming the Company is eligible to claim available PMD deductions on qualifying expenditures. Under this scenario, the base case after-tax NPV7% increases to $256.7 million and the after-tax IRR increases to 45.5%. This legislation remains subject to approval.

Figure 4: Crean Hill PFS Pre-Tax Cash Flow

Table 4: Crean Hill PFS Economic Summary & Sensitivity Analysis
Price Deck	Unit	-10%			Base Case	+10%	Spot Price Case
Copper	US$/lb	$4.59			$5.10	$5.61	$6.65
Nickel	US$/lb	$7.20			$8.00	$8.80	$7.55
Gold	US$/oz	$3,240			$3,600	$3,960	$4,400
Platinum	US$/oz	$1,350			$1,500	$1,650	$1,850
Palladium	US$/oz	$1,080			$1,200	$1,320	$1,350
Silver	US$/oz	$40.50			$45.00	$49.50	$65.00
Cobalt	US$/lb	$18.00			$20.00	$22.00	$22.00
USD/CAD	x	0.722			0.722	0.722	0.730
LOM Economics
Revenue LOM	C$ million	$2,572.3			$2,896.6	$3,220.8	$3,300.7
Operating cash flow LOM	C$ million	$765.0			$1,079.5	$1,394.0	$1,475.6
Pre-tax cash flow LOM	C$ million	$362.5			$677.0	$991.5	$1,073.1
After-tax cash flow LOM	C$ million	$291.7			$507.8	$723.4	$779.2
Annual Averages (Commercial Production)
Revenue	C$ million per year	$198.5			$223.4	$248.4	$255.1
Operating cash flow	C$ million per year	$63.1			$87.3	$111.5	$118.3
Pre-tax cash flow	C$ million per year	$41.0			$65.2	$89.4	$96.2
After-tax cash flow	C$ million per year	$33.1			$49.1	$65.0	$69.7
Net Present Value & IRR
Pre-tax NPV7%	C$ million	$149.9			$329.7	$509.6	$554.3
After-tax NPV7%	C$ million	$125.6			$251.0	$375.6	$406.1
Pre-tax IRR	%	23.5%			42.7%	62.4%	65.5%
After-tax IRR	%	25.1%			43.4%	62.8%	65.4%
Payback	years	2.3			1.5	0.8	0.8
After-tax NPV7% / initial capex	x	1.0x			2.0x	3.0x	3.2x
After-tax NPV7% with PMD	C$ million	$130.6			$256.7	$381.8	$412.4
After-tax IRR with PMD	%	26.6%			45.5%	65.5%	68.0%

Table 5: Base Case After-tax NPV7% Sensitivity Analysis (C$ million)
Change	-20%	-10%		0%		10%		20%
Copper	$183.9	$217.4		$251.0		$284.5		$317.9
Nickel	$162.8	$206.9		$251.0		$294.9		$338.7
Metal prices	-$3.7	$125.6		$251.0		$375.6		$499.2
Operating costs	$389.3	$320.4		$251.0		$181.3		$111.2
Capital costs	$306.5	$278.7		$251.0		$223.2		$195.4

Figure 5: Sensitivity Analysis

Mining, Processing and Infrastructure

As illustrated in Figure 6, the PFS adopts an underground bulk longhole mining method with access to both transverse and longitudinal stopes via ramps and drifts suitable for medium-to-large-size diesel-powered mobile equipment. Sublevel spacing varies between 80 and 115 feet vertically. Access to the underground workings will be established in a phased approach. Initially, a box cut and portal will be constructed and an access ramp developed to support initial production from the upper portion of the mine. Ore will be generated prior to commercial production from areas above the 500 Level and will rely mostly on repair and rehabilitation of existing ventilation and service raises. Mining above the 2000 Level will rely exclusively on a fleet of 50-ton haul trucks bringing ore, and waste as necessary, to surface up the ramp. As mining progresses deeper, reliance on newly excavated ventilation and egress raises along with the eventual reconstruction of a surface hoisting plant and shaft repair will allow ore to be hoisted from the 2000 Level shaft loading pocket. This will reduce the need for a larger haul truck fleet and the associated mine ventilation upgrade over the life of mine.

Longhole drilling will use self-propelled electric-hydraulic machines, and production blasting will be done with almost exclusively emulsion-type explosives. Mined-out stopes will be backfilled with a combination of unconsolidated rock fill, cemented sand fill and hydraulic fill depending on mining sequence and the availability of suitable waste rock over the course of mine life.  

In addition to basic surface infrastructure that will include shop, office and warehousing facilities, a sandfill plant, crushing and sampling tower and eventually a hoist & muck transfer system will be constructed, as well as conventional mine air ventilation and heating infrastructure.

Provision within the life of mine plan has been made for upgrades to the water treatment system associated with discharge to the environment from site. First by the installation of clarifiers to replace the existing pilot plant solids capture system, and eventually a more complex system to manage more complex chemicals.

Once on surface, ore will be reduced to a topsize of 1.5 inches via a contractor-operated surface crusher comprised of a combination of a jaw crusher (until hoisting begins) and cone crusher and then subsampled via the onsite sampling tower with representative subsamples dispatched to the sample preparation and analytical laboratory. Production lots of approximately 2,000 to 4,000 tons of ore will then be shipped to third party milling facilities located in Sudbury, Ontario.

Figure 6: Crean Hill Infrastructure and Geological Zones

Mineral Resources and Mineral Reserves

The Crean Hill Mineral Resource Estimate is presented below in Table 6 and is based on a 1.75% CuEq cutoff grade. The current Mineral Resources have been updated from the November 1, 2024 Mineral Resources stated in the Preliminary Economic Assessment, and have an effective date of April 15, 2026, which is the close out date for the final mine out models (as-builts) used to deplete historical mining. The underlying resource model parameters and drillhole database remains unchanged from the 2024 model, however the cutoff grade has been updated to 1.75% CuEq, based on the metal prices stated below and the model has been depleted with a more detailed mine-out model, to more accurately account for historical mining. Mineral Resources are inclusive of those resources which have been converted to Mineral Reserves. Allan Armitage, Ph.D., P. Geo. of SGS Geological Services is an independent Qualified Person as defined by NI 43-101 and is responsible for the current Crean Hill Mineral Resource Estimate.

	Table 6: Crean Hill Mineral Resource Estimate
	Deposit Type	Cut-off Grade CuEq%	Short Tons	Metric Tonnes	Cu %	Ni %	Co %	Pt (g/tonne)	Pd (g/tonne)	Au (g/tonne)	Ag (g/tonne)	CuEq %	NiEq %
	Indicated
	Contact	1.75% CuEq	17,820,000	16,171,000	0.88	1.00	0.03	0.93	1.09	0.36	1.02	2.96	1.88
	Footwall	1.75% CuEq	604,000	548,000	0.74	0.41	0.01	3.18	2.59	1.38	4.25	3.62	2.31
	Total Indicated	1.75% CuEq	18,424,000	16,719,000	0.87	0.99	0.03	1.00	1.14	0.40	1.12	2.98	1.90
	Inferred
	Contact Inferred	1.75% CuEq	884,000	802,000	0.59	0.70	0.03	1.03	1.74	0.33	0.29	2.33	1.48

Crean Hill Mineral Resource Estimate Notes:

1. The effective date of the Crean Hill Property Mineral Resource Estimate (MRE) is April 15, 2026. This is the close out date mine out models (as-builts).
2. Allan Armitage, Ph.D., P. Geo. of SGS Geological Services is an independent Qualified Person as defined by NI 43-101 101 and is responsible for the current Crean Hill MRE. Armitage conducted multiple site visits to the Crean Hill Property including on May 25-26, 2022, July 25, 2023, July 02, 2024, July 25, 2024 and November 14, 2025.                          
3. The classification of the current MRE into Indicated and Inferred mineral resources is consistent with current 2014 CIM Definition Standards – For Mineral Resources and Mineral Reserves.                                                 
4. All figures are rounded to reflect the relative accuracy of the estimate and numbers may not add due to rounding. 
5. The Crean Hill Mineral Resources are inclusive of those Mineral Resources which have been converted to Mineral Reserves.        
6. The mineral resource is presented undiluted and in situ, constrained by 3D grade control resource models, and are considered to have reasonable prospects for eventual economic extraction. The mineral resource is exclusive of mined out material. 
7. Mineral resources which are not mineral reserves do not have demonstrated economic viability. An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that most Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. 
8. The Crean Hill mineral resource estimate is based on a validated drill hole database which includes data from 3,892 surface and underground diamond drill holes completed between 1951 and March 2024 and totals 475,773 metres. The resource database totals 98,757 assay intervals, representing 197,536 metres of data.                         
9. The mineral resource estimate is based on a three-dimensional (“3D”) resource model of the main mineralization and a broader dilution envelope. 3D models of mined out areas were used to exclude mined out material from the current MRE. 
10. Grades for Ni, Cu, Co, Pt, Pd, Ag and Au are estimated for each mineralization domain using ~2.0 m capped composites assigned to that domain. To generate grade within the blocks, the inverse distance squared (ID2) interpolation method was used for all domains.                                                                                  
11. Specific gravity values were assigned to each block based on a regression formula defined by a database of 32,592 samples. SG=(0.2057xNi%+2.88).                                                                         
12. Based on the size, shape, and orientation of the Crean Hill Deposit, it is envisioned that the deposits may be mined using both bulk and selective mining methods including Longhole Stoping and Mechanized Cut and Fill (MCAF) (mining methods that have long been utilized in the Sudbury region). The MRE is reported at a base case cut-off grade of 1.75% CuEq. The mineral resource grade blocks are quantified above the base case cut-off grade and within the constraining mineralized wireframes (considered mineable shapes).                                                 
13. The underground base case cut-off grade of 1.75% CuEq considers metal prices of $7.30/lb Ni, $4.65/lb Cu, $14.85/lb Co, $1,225/oz Pt, $1,135/oz Pd and $3100/oz Au, metal recoveries of 85% for Ni, 91% for Cu,68% for Co,64% for Pt, 69.5% for Pd and70.5% for Au.                                                                         
14. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. 

	Table 7: Crean Hill Mineral Reserve Estimate
	Deposit Type	Short Tons	Metric Tonnes	Cu %	Ni %	Co %	Pt (g/tonne)	Pd (g/tonne)	Au (g/tonne)	Ag (g/tonne)
	Probable
	Contact	10,935,000	9,920,065	0.62	0.68	0.02	0.92	1.08	0.38	1.00
	Footwall	423,861	384,520	0.55	0.31	0.01	2.35	2.15	1.04	3.20
	Total Probable	11,358,861	10,304,585	0.62	0.67	0.02	0.97	1.12	0.40	1.08

Crean Hill Mineral Reserve Estimate Notes:

1. The effective date of the Crean Hill Mineral Reserve estimate is September 30, 2026.

1. Mineral Reserves are included within the estimated Mineral Resources.
2. The Mineral Reserve estimate was prepared under the supervision of Mr. Henri Gouin, P.Eng., of SGS Geological Services and Mr. William van Breugel, P.Eng., Associate Engineer of SGS Geological Services, both considered Qualified Persons as defined by NI 43-101.
3. Mineral Reserves are based on metal prices of US$4.65/lb Cu, US$7.30/lb Ni, US$14.85/lb Co, US$1225/oz Pt, US$1135/oz Pd, US$3100/oz Au, US$39/oz Ag. Metal recoveries considered are 91% for Cu, 85% for Ni, 68% for Co, 64% for Pt, 69.5% for Pd, 70.5% for Au and 70.5% for Ag.
4. The estimate of Mineral Reserves may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. The Mineral Reserve Estimate is not a guarantee of economic viability.
5. A mine design cut-off grade of 1.5% NiEq in-situ was applied to each stope which, after considering recovery and payability, exceeds the estimated costs of sustaining development, equipment and fixed plant capital costs, and operating costs. An incremental stope optimization was subsequently completed using a cut-off grade of 1.2% NiEq.
6. Stope tons and grades include dilution consisting of 20% and mining losses of 8%.
7. Figures may not sum exactly due to rounding.                                                        

Construction Decision

Based on the results of the PFS prepared in accordance with NI 43-101 Standards of Disclosure for Mineral Projects, authored by independent and experienced Qualified Persons, the Company’s Board of Directors has approved the construction of the Crean Hill Mine. Preliminary work will commence immediately with surface site preparation, detailed engineering, procurement of long lead time items and recruitment of required personnel. The formal start of construction is expected in the first half of 2027.

An exploration diamond drill rig has been mobilized to the Crean Hill Project and has started drill testing new targets for additional footwall copper and precious metals-rich mineralization. Additional assay results will be released in due course.

Third Quarter Results

Magna will release financial and operating results for the third quarter of 2026 after market close on Wednesday November 11, 2026. In addition, the Company will hold a conference call and webcast to discuss these results on Thursday November 12, 2026 at 8:00am ET. 

To register for the conference call, please use the following link to obtain a Dial-in Number and PIN: https://register-conf.media-server.com/register/BI977e3342f4ac4bc7af8ea4829f6d91a0

To attend the webcast in listen-only mode, please use the following link: https://edge.media-server.com/mmc/p/6yc2zx2c

Technical Report Filing

The technical report in support of the above noted PFS will be filed by Magna Mining within 45 days of this news release.

Qualified Persons

The following Qualified Persons (QPs) oversaw the completion of the work in preparation of the PFS and are responsible for the contents:

Independent QP for Geology and Mineral Resource Estimates
Mr. Allan Armitage, Ph.D., P.Geo., of SGS Geological Services.
Mr. Armitage conducted a personal inspection of the site on May 25-26, 2022, July 25, 2023, July 02, 2024, July 25, 2024, and November 14, 2025.

Independent QP for Underground Mining and Financial Analysis
Mr. Henri Gouin, P.Eng., of SGS Geological Services.
Mr. Gouin conducted a personal inspection of the site on May 13, 2024 and November 14, 2025.

Independent QP for Underground Mining, Financial Analysis, Permitting and Environmental
Mr. William van Breugel, P.Eng., Associate Engineer of SGS Geological Services.

Independent QP for Processing and Recovery
Mr. David Middleditch, B.Eng., MIMMM, President and Principal Metallurgist of Libertas Metallurgy Limited.

The scientific and technical information in this press release has been reviewed and approved by David King, M.Sc., P.Geo., and Jeff Dawson, P.Eng. Mr. King is the Senior Vice President, Exploration and Geoscience for Magna Mining Inc. and is a qualified person under National Instrument 43-101. Mr. Dawson is the Director, Technical Services for Magna Mining Inc. and is a qualified person under National Instrument 43-101.

Cautionary Statement on Forward-Looking Statements

All statements, other than statements of historical fact, contained or incorporated by reference in this press release constitute “forward-looking statements” and “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable securities laws. Generally, these forward-looking statements can be identified by the use of forward-looking terminology, such as “may”, “might”, “potential”, “expect”, “anticipate”, “estimate”, “believe”, “could”, “should”, “would”, “will”, “continue”, “intend”, “plan”, “target”, “forecast”, “prospective”, “significant”, “robust”, “rapid” or other similar words or phrases or variations thereof. Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management at the time forward-looking statements are made, are inherently subject to business, market, economic, technical and other risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements, including risks and uncertainties relating to the failure of additional drilling and assays to support assumptions, expectations or estimates of potential mineralization, metal tonnes or grade, the failure of additional drilling to support additional expansion or delineation of estimated resources or reserves, the failure to have accurately estimated declared mineral resources or mineral reserves, the failure of additional drilling to support production planning or replenish production, the failure to maintain an adequate rate of development or access to stopes to maintain production, the failure to realize expected or anticipated production rates, mine life, operating and capital costs, recoveries, processing methods, economic returns, cash flows, net present value, internal rate of return, payback period, government funding or tax incentives, commodity prices, exchange rates, future production, development and operating plans or expansions, permitting and project schedules or timelines, changes in project design, scope or development plans, delays in or the failure to obtain required permits, approvals or authorizations, environmental and regulatory risks, infrastructure and power supply risks, labour, equipment and supply-chain constraints, operational, geotechnical, metallurgical, engineering and construction risks, adverse weather, the lack of availability of drill rigs to implement exploration or other programs or the failure to proceed as quickly as planned with additional exploration, development, production or other drilling, continued delays for assay results, the failure to bring the Crean Hill mine back into commercial production subsequent to the completion of the PFS because of funding or technical issues, and other risks disclosed in the Company’s most recent annual information form for the year ended December 31, 2025, available on the SEDAR+ website (at: www.sedarplus.ca). The PFS is based on a number of assumptions and estimates that are subject to significant uncertainties and contingencies. There is no assurance that the anticipated economic results of the PFS will be realized or that commercial production at the past-producing Crean Hill mine will ever be achieved. A PFS is not a guarantee of economic viability and the results of the PFS may be materially affected by subsequent studies, changes in assumptions, project design, market conditions and other factors. Mineral resources that are not mineral reserves do not have demonstrated economic viability and, particularly, inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. Although the Company has attempted to identify important risks, uncertainties, contingencies and factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements, there can be no certainty or assurance that the Company has accurately or adequately captured, accounted for or disclosed all such risks, uncertainties, contingencies or factors. Readers should place no reliance on forward-looking statements as actual results, performance or achievements may be materially different from those expressed or implied by such statements. Resource exploration and development, and mining operations, are highly speculative, characterized by several significant risks, which even a combination of careful evaluation, experience and knowledge will not eliminate. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update any forward-looking statements, whether as a result of new information or future events or otherwise, except in accordance with applicable securities laws.

About Magna Mining Inc.

Magna Mining Inc. is a producing mining company with a strong portfolio of copper, nickel, and precious metals assets located in the world-class Sudbury mining district of Ontario, Canada. The Company’s McCreedy West Mine is currently in production, the adjacent Levack Mine is being restarted, and construction of the Crean Hill Project has been approved. These operations are supported by a pipeline of highly prospective past-producing properties including Podolsky, Kirkwood and Shakespeare.

Magna Mining is strategically positioned to unlock long-term shareholder value through continued production, exploration upside, and near-term development opportunities across its asset base.

Additional corporate and project information is available at www.magnamining.com and through the Company’s public filings on the SEDAR+ website at www.sedarplus.ca.

For further information, please contact:

Jason Jessup
Chief Executive Officer

or

Paul Fowler, CFA
Executive Vice President
705-482-9667
Email: info@magnamining.com

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/b9171140-a48f-49d2-bd96-021c9e03e979 

https://www.globenewswire.com/NewsRoom/AttachmentNg/2492931b-244d-4fd7-ac6d-3ee5409c6391

https://www.globenewswire.com/NewsRoom/AttachmentNg/c26f02ce-c440-497c-a30e-736e86b702cf

https://www.globenewswire.com/NewsRoom/AttachmentNg/7b666503-e01e-4a1c-a145-1fe2ba21a558 

https://www.globenewswire.com/NewsRoom/AttachmentNg/708632c8-6110-4e75-9315-5a3775073f58 

https://www.globenewswire.com/NewsRoom/AttachmentNg/ac9ec28e-a3bc-4a1a-85a4-6c2f807242ee 

FORM 8.5 (EPT/RI)

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the “Code”)

1.        KEY INFORMATION

(a)        Name of exempt principal trader:	Investec Bank Plc
(b)        Name of offeror/offeree in relation to whose relevant securities this form relates:         Use a separate form for each offeror/offeree	Logistics Development Group plc
(c)        Name of the party to the offer with which exempt principal trader is connected:	Investec is Financial Adviser to DBAY Advisors Limited
(d)        Date dealing undertaken:	20th October 2026
(e)        In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer?         If it is a cash offer or possible cash offer, state “N/A”	N/A

2.        DEALINGS BY THE EXEMPT PRINCIPAL TRADER

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)        Purchases and sales

Class of relevant security	Purchases/ sales	Total number of securities	Highest price per unit paid/received	Lowest price per unit paid/received
Ordinary shares	Purchase	62,000	23	23
Ordinary shares	Sales	70,525	23.1	23

(b)        Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
N/A	N/A	N/A	N/A	N/A

(c)        Stock-settled derivative transactions (including options)

(i)        Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit
N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

(ii)        Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit
N/A	N/A	N/A	N/A	N/A

(d)        Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)
N/A	N/A	N/A	N/A

3.        OTHER INFORMATION

(a)        Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

None

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i)        the voting rights of any relevant securities under any option; or (ii)        the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none”

None

Date of disclosure:	21st October 2026
Contact name:	Abhishek Gawde
Telephone number:	+91-9923757332

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at ssssssswwww.thetakeoverpanel.org.uk.

FORM 8.5 (EPT/RI)

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the “Code”)

1.        KEY INFORMATION

(a)        Name of exempt principal trader:	Investec Bank Plc
(b)        Name of offeror/offeree in relation to whose relevant securities this form relates:         Use a separate form for each offeror/offeree	Advanced Medical Solutions Group Plc
(c)        Name of the party to the offer with which exempt principal trader is connected:	Investec is Advisor & Joint Broker to Advanced Medical Solutions Group plc
(d)        Date dealing undertaken:	20th October 2026
(e)        In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer?         If it is a cash offer or possible cash offer, state “N/A”	N/A

2.        DEALINGS BY THE EXEMPT PRINCIPAL TRADER

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)        Purchases and sales

Class of relevant security	Purchases/ sales	Total number of securities	Highest price per unit paid/received	Lowest price per unit paid/received
Ordinary shares	Purchase	10,176	282.25	282.25
Ordinary shares	Sales	5,244	282.5	282.5

(b)        Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
N/A	N/A	N/A	N/A	N/A

(c)        Stock-settled derivative transactions (including options)

(i)        Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit
N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

(ii)        Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit
N/A	N/A	N/A	N/A	N/A

(d)        Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)
N/A	N/A	N/A	N/A

3.        OTHER INFORMATION

(a)        Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

None

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i)        the voting rights of any relevant securities under any option; or (ii)        the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none”

None

Date of disclosure:	21st October 2026
Contact name:	Abhishek Gawde
Telephone number:	+91-9923757332

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at ssssssswwww.thetakeoverpanel.org.uk.

New Capacity Agreements and Manufacturing Facilities to Support Volume Growth and Strengthen Supply Chain Resiliency

News Summary:

• Substrate agreements with IBIDEN, Samsung Electro-Mechanics and Unimicron Technology Corporation will, in aggregate, drive a 2.5x increase in capacity over the next three years.
• Amkor plans to increase its advanced packaging capacity by more than 300% by the end of 2028.
• KYEC will build new facilities in the U.S., supported by a $1.1 billion capacity reservation advance from NVIDIA.
• SPIL is targeting to increase its optical-engine capacity for co-packaged optics by 15x by mid-2027, with aims for another doubling by the end of 2028.

BERLIN, Oct. 21, 2026 (GLOBE NEWSWIRE) — GTC Berlin– NVIDIA today announced plans with a group of supply chain partners to expand global manufacturing capacity to meet growing demand for its accelerated computing and full-stack AI factory platform.

Working with Amkor Technology, IBIDEN, King Yuan Electronics (KYEC), Samsung Electro-Mechanics, Siliconware Precision Industries (SPIL) and Unimicron Technology Corporation, NVIDIA is enabling new and existing suppliers to expand critical manufacturing capabilities across substrates, advanced packaging, testing and optical engines, strengthening the resiliency and redundancy of NVIDIA’s global supply chain.

“We are in the midst of the largest infrastructure buildout in human history. Demand is extraordinary. Capacity is the constraint,” said Jensen Huang, founder and CEO of NVIDIA. “Our supply chain partners are the world’s best manufacturers. I’m grateful they are expanding capacity around the globe to scale production and help us deliver the AI supercomputing systems powering this new industrial revolution.”

Expanding Substrate Capacity to Support Volume Growth
NVIDIA plans to increase substrate capacity for its products by 2.5x over the next three years. The agreements below will contribute to this capacity expansion, with more underway.

Under an agreement signed and announced earlier this year by IBIDEN, NVIDIA is providing a multibillion-dollar capacity reservation advance to support IBIDEN’s Ono Plant in Japan. The expansion targets capacity reaching 3x current levels at the plant, with additional capacity expected to begin ramping in the first quarter of 2028.

Samsung Electro-Mechanics is joining NVIDIA’s substrate supply chain, bringing immediate capacity from its existing operations in South Korea. The collaboration also supports facility upgrades and new factories in Sejong and Busan, South Korea. By 2028, production allocated to NVIDIA is projected to account for a significant portion of Samsung Electro-Mechanics’ total annual package substrate production capacity.

NVIDIA is supporting Unimicron’s KF substrate manufacturing expansion in Taiwan with a capacity reservation agreement. The expansion is expected to begin adding capacity in the second quarter of 2027 and reach full capacity by mid-2028.

Scaling Advanced Packaging for Next-Generation Platforms
NVIDIA and Amkor plan to expand advanced packaging capacity in South Korea, targeting a greater than 300% increase in interposer wafer capacity by the end of 2028. The planned capacity expansion, alongside Amkor’s development of new manufacturing facilities in South Korea, will support higher production volumes for NVIDIA’s current and next-generation platforms.

Expanding Semiconductor Testing and Strengthening US Manufacturing
NVIDIA expects its total semiconductor testing capacity to double from calendar 2026 to 2027, supported by buildouts in the U.S., Taiwan and Singapore.

NVIDIA’s $1.1 billion capacity reservation advance to KYEC will support new U.S. testing facilities and equipment, with high-volume production targeted for April 2027.

In Singapore, expanded testing operations are expected to begin high-volume production in February 2027.

Creating the Infrastructure for Co-Packaged Optics
NVIDIA and SPIL plan to expand manufacturing capacity in Taiwan for optical engines used in co-packaged optics, supporting the growing connectivity requirements of large-scale computing infrastructure. The expansion targets an increase of 15x by mid-2027, with aims for another doubling by the end of 2028.

About NVIDIA
NVIDIA (NASDAQ: NVDA) is the world leader in AI and accelerated computing.

For further information, contact:
Corporate Communications
NVIDIA Corporation
press@nvidia.com

Certain statements in this press release including, but not limited to, statements as to: expectations with respect to growth, performance, availability, and benefits of NVIDIA’s products, services and technologies, and related trends and drivers; expectations with respect to NVIDIA’s third party arrangements, including with its collaborators and partners; expectations with respect to technology developments, and related trends and drivers; expectations with respect to AI infrastructure demand and buildout, manufacturing capacity expansion, production volumes and supply chain resiliency, and related timing and benefits; projected market growth and trends; expectations with respect to AI and related industries; and other statements that are not historical facts are 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, which are subject to the “safe harbor” created by those sections based on management’s beliefs and assumptions and on information currently available to management and are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic and political conditions; NVIDIA’s reliance on third parties to manufacture, assemble, package and test NVIDIA’s products; the impact of technological development and competition; development of new products and technologies or enhancements to NVIDIA’s existing products and technologies; market acceptance of NVIDIA’s products or NVIDIA’s partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of NVIDIA’s products or technologies when integrated into systems; NVIDIA’s ability to realize the potential benefits of business investments or acquisitions; and changes in applicable laws and regulations, as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Copies of reports filed with the SEC are posted on NVIDIA’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

© 2026 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, and other NVIDIA product and service names are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries and regions. Other company, product, and service names may be trademarks of the respective companies with which they are associated.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/081c8dd7-3f9f-4c8f-9da1-d699dd5750ee

Key Takeaways:

• Parsons Corporation received a Success Memo from the U.S. Department of War’s Environmental Security Technology Certification Program (ESTCP) and Defense Innovation Unit (DIU) for removing PFAS from soil across the United States.
• A Success Memo is similar to a sole source contract in that it enables Government buyers to pursue follow-on production contracts without additional competitive procedures.
• Parsons’ patented Thermal Conduction Heating (TCH) technology quickly removes PFAS to below laboratory reporting limits from impacted soil, offering a fast and effective on-site solution.
• This approval positions Parsons to support government-led PFAS cleanup efforts with a proven remediation solution.

CHANTILLY, Va., Oct. 21, 2026 (GLOBE NEWSWIRE) — Parsons Corporation (NYSE: PSN) announced today that it received federal approval from the U.S. Department of War’s (DOW) Environmental Security Technology Certification Program (ESTCP) and Defense Innovation Unit (DIU) for the remediation of per- and polyfluoroalkyl substances (PFAS) impacted soil. Now any federal agency can quickly leverage Parsons’ patented thermal conduction heating (TCH) technology, accelerating PFAS cleanup projects.

PFAS are persistent chemicals that can migrate through soil and groundwater, creating concerns for surrounding ecosystems and nearby communities. As public awareness and regulatory attention continue to grow, fast and effective cleanup is increasingly important to reduce long-term risk, protecting community health, and restoring confidence in impacted sites.

“PFAS impacts remain a significant environmental challenge, and our government clients trust Parsons to deliver effective remedial solutions with speed and confidence,” said Mark Fialkowski, President of Infrastructure North America. “This approval reinforces that trust and strengthens our ability to help agencies address PFAS impacts with a proven technology, quickly and cost effectively and reflects our ability to bring our global portfolio of integrated solutions to customers we already work closely with in other important mission areas.”

Parsons demonstrated its TCH technology under a competitive ESTCP prototype project, where the company removed PFAS to below laboratory reporting limits from impacted soil on-site. This project provided a more sustainable solution by eliminating the transportation and offsite disposal of large amounts of contaminated material to landfills or disposal facilities, saving time and reducing environmental impacts, liability, and risk to people and the environment.

Parsons’ Environmental Remediation Solutions
Parsons has decades of experience delivering environmental solutions that help government and commercial clients address complex contamination challenges and protect community health. Our PFAS remediation expertise includes developing and deploying advanced treatment technologies, including Thermal Conduction Heating, AFFF Cleanout Services, UV PFAS Destruction, and Hot In Situ Chemical Oxidation. By combining technical knowledge, proven field execution, and innovative remediation approaches, Parsons helps clients accelerate cleanup, reduce long-term environmental risk, and restore sites for safe and productive use.

To learn more about Parsons’ thermal remediation solutions, visit https://www.parsons.com/thermal-remediation/.

About Parsons:
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn to learn how we’re making an impact.

Media Contact:                                        
Bernadette Miller
+1 980.253.9781
bernadette.miller@parsons.com

Investor Relations Contact:
Dave Spille
+1 703.775.6191
Dave.Spille@parsons.us

Anchorage, Alaska, Oct. 21, 2026 (GLOBE NEWSWIRE) — Nova Minerals Corp (“Nova Minerals” or the “Company”) (NYSE American: NVA | ASX: NVA) welcomes the U.S. Government’s $249 million investment to complete the final stages of the Port MacKenzie Rail Extension, providing a key transportation link intended to support the development and movement of critical minerals within the region.

The funding will deliver a new the 32-mile rail line connecting Port MacKenzie, Alaska, to the Alaska Railroad Corporation’s main line (Figure 1).

Nova Minerals’ direct rail siding at Port Mackenzie will enable shipments of antimony and other critical minerals ore and concentrate feedstock to seamlessly move from the Alaskan interior and the region directly to its planned antimony and critical minerals processing and refining hub at Port MacKenzie via the new rail extension (Figure 2).

Nova Minerals CEO Christopher Gerteisen joined Secretary of the U.S. Department of Transport Sean Duffy, US Senator for Alaska Dan Sullivan, and US Representative for Alaska Nick Begich, US House Natural Resouces Committee Chairman Rep. Bruce Westerman, and Matsu Borough Mayor Edna Devries, for the announcement at Port MacKenzie on October 19 (Figure 3).

Highlights

• U.S. Department of Transportation Secretary Sean Duffy announced $249 million federal grant for completion of the final stages of the Port MacKenzie Rail Extension. The award covers around 80 percent of the $311 million project, with state and local partners contributing the remaining $62 million.
• The Extension will link Alaska Railroad Corporation’s main line with Port MacKenzie, home to Nova’s planned antimony processing and refining facility, while enhancing transportation access for resource development projects across Alaska and the region.
• This commitment is the latest in a series of infrastructure investments in the region, including $7.8 million to enhance the port’s capacity for barge haul-out and loading operations, $34 million investment to support the expansion of the port, multi-billion funding commitments by Asian offtake partners to advance the Alaska LNG project recently announced by the Trump administration, and progress accelerating with funding, permitting, and studies completed in support of near term development of the West Susitna Access Road Project which tie into Nova Minerals Estelle Gold and Critical Minerals Project.

“We are going to move this grant at Trump speed,” Secretary Duffy said.

“What that means is we want to get this out by spring. We want to be turning dirt. Alaska is America’s natural resource powerhouse, but the state needs strong infrastructure to get those resources from point A to point B safely, reliably and efficiently,” Secretary Duffy said.

“Thanks to President Trump and the entire Alaska delegation, we’re building a massive new rail supply line that will power the energy and critical mineral projects of the future. This landmark investment will generate an economic boom for the region, unleash American energy dominance, and enhance our national security.”

Senator Sullivan said this was another important step toward unlocking Alaska’s extraordinary mineral resource potential.

“Alaska has enormous deposits of critical minerals, world-class energy projects, and a strategic location at the crossroads of the world. But having these resources isn’t enough. We need the infrastructure to develop them responsibly and get them to market,” Senator Sullivan added.

Nova Minerals CEO, and Port MacKenzie Commission Vice-Chair Christopher Gerteisen joined representatives from the U.S. and Alaskan Governments, the Borough, and Port McKenzie for the announcement

“Port Mackenzie is a commodity port, the export-import gateway for Alaska minerals and resources to reach US and global markets. This is yet another step forward to deliver the infrastructure necessary for critical minerals projects in Alaska to get their product to market quickly and for equipment and supplies to build and operate projects in Alaska to enter and distribute across our State as efficiently as possible,” Mr Gerteisen said.

“Nova Minerals will directly benefit from the speed and efficiency enabled by the Port MacKenzie Rail Extension, with our planned antimony processing and refining facility situated directly along the extension rail line.

“These infrastructure developments are creating the foundations needed to support future critical minerals and mining projects across Alaska. Upgrades to the ports, roads, and power throughout the Mat Su region mean projects like Nova’s Estelle Gold and Critical Minerals site can get into production cheaper and faster. Upgrades to port, transportation and power infrastructure across the Mat-Su region are helping create the conditions needed to advance major resource projects, including Nova’s Estelle Gold and critical minerals developments which has been a first mover and established itself as an anchor industry within the commercial industrial zone Port district.

“Nova’s antimony facility will form part of the United States’ first modern, secure, fully integrated antimony supply chain in decades – from mine to end users in defense, technology and other advanced applications supporting both national and economic security.”

Figure 1. The Port MacKenzie Rail Extension will link directly to Nova Minerals’ antimony refinery site and include a rail siding on site

Figure 2. The Mat Su Borough infrastructure developments – Port MacKenzie rail spur, West Susitna Access Road, Port upgrades, barge haul out and handling, and power transmission

Figure 3. Nova Minerals CEO Christopher Gerteisen (left) with Senator Dan Sullivan (right) at the Port MacKenzie Rail Extension funding announcement in Port MacKenzie, Alaska, October 19, 2026.

About Nova Minerals Corp

Nova Minerals Corp is advancing one of the world’s largest undeveloped gold deposits into production and securing a US domestic supply of the critical mineral antimony. The Company is focused on the exploration and development of the Estelle Gold and Critical Minerals Project, located in Alaska, a tier-one mining jurisdiction.

Estelle hosts two defined multi-million-ounce gold resources, and more than 20 prospects distributed along a 35-kilometre mineralized trend, in the prolific Tintina Gold Belt, a province which hosts a >220 million ounce (Moz) documented gold endowment and some of the world’s largest gold mines and discoveries including Kinross Gold Corporation’s Fort Knox Gold Mine. In parallel, Nova is advancing its critical minerals strategy, fully-funded by a $43.4 million U.S. Department of War award to develop a domestic antimony supply chain, targeted for production in 2027.

Further discussion and analysis of the Estelle Project is available through the interactive Vrify 3D animations, presentations, and videos, all available on the Company’s website www.novamineralscorp.com.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act, and Section 21E of the Exchange Act which are subject to the “safe harbor” created by those sections. All statements, other than statements of historical fact, contained in this press release are forward-looking statements and that are subject to substantial risks and uncertainties. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will,” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Nova Minerals Corp’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Forward-looking statements contained in this announcement are made as of this date, and Nova Minerals Corp undertakes no duty to update such information except as required under applicable law.

For further information:

Nova Minerals:	Media:	Investor Relations:
Craig Bentley	Jenna Shinderman	Dave Gentry, CEO
Director	Sodali & Co	RedChip Companies, Inc.
Ph: 1-720-550-4223	Ph: 1-631-918-4047	Ph: 1-407-644-4256
E: craig@novamineralscorp.com	E: jenna.shinderman@sodali.com	E: NVA@redchip.com

Attachments

• Figure 1.
• Figure 2.
• Figure 3.

FORM 8.5 (EPT/RI)

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the “Code”)

1.        KEY INFORMATION

(a)        Name of exempt principal trader:	Investec Bank plc
(b)        Name of offeror/offeree in relation to whose relevant securities this form relates:         Use a separate form for each offeror/offeree	Pollen Street Group Limited
(c)        Name of the party to the offer with which exempt principal trader is connected:	Investec is Joint Broker to Pollen Street Group Limited
(d)        Date dealing undertaken:	20th October 2026
(e)        In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer?         If it is a cash offer or possible cash offer, state “N/A”	N/A

2.        DEALINGS BY THE EXEMPT PRINCIPAL TRADER

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)        Purchases and sales

Class of relevant security	Purchases/ sales	Total number of securities	Highest price per unit paid/received	Lowest price per unit paid/received
Ordinary shares	Purchases	5,795	905	901.5

(b)        Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
N/A	N/A	N/A	N/A	N/A

(c)        Stock-settled derivative transactions (including options)

(i)        Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit
N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

(ii)        Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit
N/A	N/A	N/A	N/A	N/A

(d)        Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)
N/A	N/A	N/A	N/A

3.        OTHER INFORMATION
        
(a)        Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

None

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i)        the voting rights of any relevant securities under any option; or (ii)        the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none”

None

Date of disclosure:	21st October 2026
Contact name:	Abhishek Gawde
Telephone number:	+91-9923757332

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

Tuesday, 3 November 2026 at 11.00 – 12.00am CET
In connection with the publication of Coloplast’s financial results for FY 2025/26, to be released same day around 07.30 am CET, Coloplast will host a conference call to present the financial results and answer questions from investors and financial analysts. A presentation will be available on Coloplast’s website approximately 1 hour before the conference call.
The webcast of the conference call will be available during and after the event.

Coloplast will be represented by:
Gavin Wood – President & CEO
Anders Lonning-Skovgaard – Executive Vice President, CFO
Aleksandra Dimovska – Vice President, Investor Relations
Kristine Husted Munk – Senior Director, Investor Relations
Nicklas Overgaard – Senior Manager, Investor Relations

Webcast
For participants who do not wish to actively participate in the Q&A session, please access the conference call as a webcast via the link below:
Access the webcast here

Dial-in details
To actively participate in the Q&A session, please sign up ahead of the conference call on the link below to receive an email with dial-in details.
Register for the conference call here

 

For more information, please contact:

Aleksandra Dimovska – Vice President, Investor Relations
Tel.: +45 4911 1800 / direct: +45 4911 2458. E-mail: dkadim@coloplast.com

Kristine Husted Munk – Senior Director, Investor Relations
Tel.: +45 4911 1800 / direct: +45 4911 3266. E-mail: dkkhu@coloplast.com

Nicklas Overgaard – Senior Manager, Investor Relations
Tel.: +45 4911 1800 / direct: +45 4911 3301. E-mail: dknioha@coloplast.com

Linn Blomström – IR coordinator & PA.
Tel.: +45 4911 1800 / direct: +45 4911 3293. E-mail: dklibl@coloplast.com

 

Coloplast will be available on individual phone lines after the conference call for further questions.

Attachment

• Invitation to Coloplast FY 2025-26 conference call on 3 november 2026

WUHU, China, Oct. 21, 2026 (GLOBE NEWSWIRE) — LUXEED, Chery Group’s luxury new energy vehicle brand, concluded its Global Media Test Drive on October 20 as part of the 2026 Chery International User Summit. Automotive journalists and key opinion leaders (KOLs) from multiple countries and regions completed a 185-kilometer test drive in LUXEED’s flagship MPV, LLOUNGE, and high-performance SUV, STORMAX.

The route linked urban roads, intercity expressways, winding mountain roads and a professional proving ground, giving participating media the opportunity to evaluate LUXEED across intelligent driving assistance, chassis performance, cabin comfort and dynamic handling. Together, these driving environments showcased the brand’s approach to intelligent luxury, combining advanced technology, refined comfort and engaging performance.

Intelligent Navigation: Connected Driving Assistance and Smart-Cabin Technology

Before departure, participating media witnessed a demonstration of Super Intelligent Valet Parking (SIVP), highlighting LUXEED’s intelligent parking capabilities as part of a broader driving experience that extends from departure and highway travel to parking.

Leaving Chery International Headquarters in Wuhu, the media convoy moved from urban roads onto intercity expressways, where both LLOUNGE and STORMAX demonstrated their Navigate on Autopilot (NOA) systems. Using multi-sensor perception and algorithm-based motion planning, NOA supports adaptive cruising, lane centering, dynamic speed adjustment, navigation-guided lane changes and overtaking maneuvers within its operating parameters. On the expressway, the system adjusted speed and planned trajectories in response to changing traffic conditions, helping reduce the demands of long-distance driving while supporting a more relaxed journey.

The vehicles’ smart-cabin technologies also drew attention from participating media. Equipped with an AI large language model, the voice interaction system supports rapid recognition and natural-language dialogue in multiple languages, allowing occupants to adjust navigation, climate settings and cabin modes through voice commands. Multi-screen interaction, together with the high-definition head-up display (HUD), makes key driving information readily accessible, helping drivers stay informed while keeping their attention on the road.

Composed Mountain-Road Handling: Dual-Chamber Air Suspension and ±7° Rear-Wheel Steering Work in Concert

After leaving the expressway, the convoy entered the mountain roads of Jishan Bamboo Sea. With undulating surfaces, successive curves and tight hairpin bends, the route tested the vehicles’ suspension tuning and handling stability.

LUXEED vehicles feature a front double-wishbone and rear multi-link independent suspension architecture, supported by coordinated tuning of the Dual-Chamber Air Suspension, Dual-Valve Continuous Damping Control (CDC) shock absorbers and Vehicle Motion Control (VMC) system. Together, these technologies are designed to balance body control with vibration isolation, helping maintain stability through tight corners and during rapid lane changes while reducing body roll.

The addition of ±7° Rear-Wheel Steering further enhances maneuverability. By allowing the rear wheels to steer, the system helps these large vehicles navigate narrow mountain roads and tight bends with greater agility. The resulting combination of responsive handling and a composed ride gave journalists an opportunity to experience how LUXEED balances driving confidence with passenger comfort.

A Refined Lakeside Retreat: Design, Comfort and Immersive Sound

Midway through the drive, the convoy stopped at Lakeside Café, where the natural surroundings offered an opportunity to explore the vehicles’ design and cabin features at closer range.

LLOUNGE’s distinctive starry grille, high-gloss chrome detailing and interactive welcome light carpet contrasted with STORMAX’s wide, low-slung stance, 1.26 design ratio and L-shaped headlights. In the lakeside light, the two models presented distinct interpretations of LUXEED’s design language.

Inside, both vehicles combine carefully selected materials with comfort-focused technology. LLOUNGE creates a first-class cabin experience with full-grain perforated Nappa leather seats and mechanical massage functions. Its two second-row zero-gravity seats recline to 123° and are complemented by four-way power leg rests and independent electric footrests, offering occupants a place to relax between driving sessions.

LLOUNGE also features Privacy Acoustic Shield mode, 12 acoustic glass panes and a 33-speaker sound system designed to evoke the atmosphere of a concert hall. Together, these features help create a quieter, more private cabin with an immersive audio experience.

STORMAX pairs dual front zero-gravity seats with a four-way motorized central display and 16-point seat massage. Concealed double-layer sunshades and dual-layer acoustic laminated glass further help manage incoming light and reduce external noise, bringing together technology and comfort in a driver-focused cabin.

Track Performance: STORMAX Puts Power and Handling to the Test

The final stage of the test drive took place at Guangde Proving Ground, where STORMAX was put through a series of dynamic evaluations on the high-speed oval and dedicated handling courses.

Built on an 800V high-voltage battery-electric vehicle (BEV) architecture, STORMAX features a dual-motor all-wheel-drive (AWD) powertrain producing a maximum output of 460 kW and peak torque of 775 Nm. Engaging one-touch Boost mode increases torque by 10%, according to the vehicle’s specifications. STORMAX accelerates from 0 to 100 km/h in under 3.9 seconds and can reach speeds exceeding 250 km/h on the high-speed oval.

During 100–0 km/h braking tests, the vehicle’s six-piston fixed-caliper braking system and staggered tire setup delivered a stopping distance of under 34 meters.

Further evaluations included the moose test at speeds exceeding 82 km/h, slalom maneuvers and skidpad exercises. STORMAX’s active rear diffuser and 10 aerodynamic air ducts work alongside its electronic chassis control system to support aerodynamic performance and precise vehicle control through demanding maneuvers.

Across the 185-kilometer route, the test drive brought LUXEED’s three brand pillars—Extreme Driving Pleasure, Beyond-Class Enjoyment, and Ultimate Intelligence—to life through a combination of intelligent driving assistance, considered cabin design and dynamic performance.

Through the experience shared by international media, LUXEED aims to introduce a wider global audience to its approach to intelligent luxury, demonstrating how technology, comfort and driving enjoyment can come together across a diverse range of real-world driving scenarios.

Media Contact

LUXEED International
Ms. Wu Yi
Email: wuyi@luxeedinternational.com

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/c12fffdc-85ec-43dc-b0e5-cd27ee72fc83

https://www.globenewswire.com/NewsRoom/AttachmentNg/0673b7c8-a939-42f2-b62d-539388aa4b5b 

News Summary: 

• Agile Robots announces Agile ONE SN, a humanoid reference platform built on NVIDIA Isaac GR00T and NVIDIA Jetson Thor with planned integration of the NVIDIA Halos safety stack, giving developers and researchers a complete platform for frontier humanoid development and validation.
• NVIDIA Isaac platform adds new Isaac OS runtime, Isaac Lab 3.0 for robot learning and open source reference workflows that combine ChatGPT Astra with NVIDIA Isaac and Cosmos on NVIDIA DGX Station to accelerate robot data generation, training and evaluation.
• Europe’s robotics ecosystem, including leaders like ABB Robotics, Flexion, Hexagon Robotics, Humanoid, KUKA, NEURA Robotics, Sereact and Universal Robots, is building on NVIDIA’s open robotics platform to advance autonomous robotic systems. 

BERLIN, Oct. 21, 2026 (GLOBE NEWSWIRE) — GTC Berlin—NVIDIA today announced a major expansion of the NVIDIA Isaac™ open robotics development platform, adding a reference humanoid, datasets and runtime, along with updates to its robot learning framework.

Together, these technologies give developers an integrated path from data to deployment to bring general-purpose robots to the real-world faster.

“General-purpose robotics is advancing at extraordinary speed — the ChatGPT moment for robotics is fast approaching,” said Jensen Huang, founder and CEO of NVIDIA. “With NVIDIA Isaac, our full-stack open robotics platform, we are giving developers the models, data, simulation tools and computing systems to bring physical AI to the world’s largest industries.”

Agile ONE SN — A Frontier Humanoid Reference Platform for Research
Agile Robots announced Agile ONE SN, a full-stack reference humanoid preconfigured with NVIDIA Isaac GR00T and powered by the NVIDIA Jetson Thor™ edge AI platform.

Robotics researchers and developers often struggle to integrate the separate simulation, training and deployment tools needed to take robot skills from development to the physical world. Agile ONE SN unifies these tools and workflows on a single platform, cutting setup time from weeks to days.

Agile ONE SN features:

• Agile ONE S humanoid body, standing 1.40 meters (4.59 feet tall) and weighing 40 kilograms (88 pounds), with 31 degrees of freedom and a 3-kilogram payload per arm.
• Dual WUJI Hand 2 five-finger hands, each offering 20 degrees of freedom, 1kHz force control and tactile sensing for dexterous manipulation
• NVIDIA Jetson Thor onboard compute, delivering 2,070 FP4 teraflops of compute and 128GB of unified memory for onboard reasoning and real-time control.
• Multimodal sensing, including head and wrist cameras, lidar sensors and inertial measurement units to help the robot perceive and interact with its surroundings.
• NVIDIA Isaac GR00T platform, which comprises the GR00T foundation model, a full workflow from data capture to deployment and whole-body control for coordinated movement.
• Safety capabilities, with planned integration of on-robot safety protocols with the NVIDIA Halos full-stack safety system for robotics.

“The breakthrough for humanoids is usefulness at scale: one adaptable machine that learns many skills and works across environments built for people,” said Zhaopeng Chen, founder and CEO of Agile Robots. “Today, Agile Robots introduced Agile ONE SN, a full-stack, open reference humanoid built on NVIDIA Isaac GR00T, powered by Jetson Thor, giving developers a ready system to create, train and validate the capabilities needed to put humanoids to work.”

Scheduled to be available in early 2027, Agile ONE SN is designed to advance frontier humanoid research and development, with interest from leading institutions such as Stanford University and ETH Zurich.

New NVIDIA Technology Accelerate Robot Learning — From Data to Deployment
New NVIDIA technologies help developers generate training data, scale robot learning, build simulation environments and deploy robot applications, reducing time to solution.

• SimReady Central Library offers more than 2,000 simulation-ready robotics and factory assets, while the Human 1M Dataset includes diverse human activities, synchronized three-view video and 3D hand tracking. Both are available on Hugging Face, with the full Human 1M Dataset accessible to Cosmos Coalition partners.
• NVIDIA Isaac Lab 3.0 is now generally available, providing an open source, agent-ready learning framework training and refining robot policies from desktop to data center using multi-GPU workflows and physics engines including Newton and NVIDIA PhysX™.
• NVIDIA Isaac OS, an open source runtime framework built on NVIDIA Holoscan, connects AI, sensors, controls and robot hardware for deterministic, real-time performance from simulation to physical robots.
• NVIDIA is releasing three open source reference workflows for NVIDIA DGX Station™ that help developers refine GR00T 1.7 models with reinforcement learning, train dexterous manipulation skills in NVIDIA Isaac Lab and post-train NVIDIA Cosmos™ world models for synthetic data generation using ChatGPT Astra.
• NVIDIA Halos provides a full-stack safety platform built on NVIDIA IGX Thor™ to help move autonomous vehicles and robots from development to safer real-world deployment at scale.

SimReady Central Library on Hugging Face includes simulation-ready assets from Comau, FANUC, ForgeCAD, Franka Robotics, LG Electronics, Palatial, Robotiq, Standard Bots, Universal Robots and Vertiv.

NVIDIA’s open source robot learning reference workflows running on DGX Station will be supported by solutions from 1X, Agile Robots, Humanoid, Maven Robotics, Mentee, MicroAGI, Rhoda, Sereact and Skild AI.

Robotics partners are integrating NVIDIA Halos within their safety architectures, including Agile Robots, Agility, Dexory, FORT Robotics and KION for warehouse robot safety. SICK is evaluating Halos to advance dynamic safety for industrial robots, helping them respond to changing conditions beyond fixed zones.

Advantech and NexCOBOT are developing NVIDIA IGX-based industrial computing platforms, while Reynolds & Moore, Accenture and TÜV SÜD are accelerating the certification process for the safe deployment of industrial physical AI.

European Robotics Leaders Build on NVIDIA Open Technologies
ABB Robotics is integrating NVIDIA Omniverse™ libraries with RobotStudio HyperReality to simulate and virtually commission robotic systems before installation across a wide range of industries. KUKA Group is using Omniverse libraries in its Visual Components FactoryLens to add real-time rendering for factory simulation workflows. Sereact is using Isaac GR00T with Cosmos Transfer to train and post-train its Cortex platform for goods handling, running on Universal Robots industrial robot arms.

Using Jetson Thor, Holoscan Sensor Bridge, Halos and NVIDIA Isaac OS, Humanoid is developing and validating robot behaviors before industrial pilots, Hexagon Robotics is building AEON perception capabilities including teleoperation video, localization, mapping and object pose detection, and Bear Robotics is accelerating KR1 perception and model execution while post-training Isaac GR00T through Kino-2 for warehouse, returns and industrial workflows.

Toyota Material Handling Europe and SoftServe use Omniverse and the NVIDIA Isaac Sim™ framework to develop autonomous material-handling solutions, reducing deployment time by up to 50%. Idealworks is using NVIDIA open models and Jetson to develop memory capabilities for autonomous mobile robots in factories. Analog Devices Inc. (ADI) is using NVIDIA Jetson AGX Orin™ and the cuVSLAM library to build autonomous mobile robots.

Hugging Face and Pollen Robotics are using NVIDIA Isaac Lab, Isaac Sim and Newton to build Microduck, a small, open source robot designed to help developers and students train, modify and share new physical behaviors. Franka Robotics is using NVIDIA NIM™ microservices and Isaac Sim to turn natural-language requests into actions on its Franka FR3 Duo robot system. Bellboy is using Jetson and GR00T to power Billie, its first robot teammate built on Bellboy’s physical AI infrastructure, already deployed at hotels operated by Marriott, Hilton, IHG and OYO.

Flexion is using Isaac Lab and Newton to scale learning for Reflect, its unified robot intelligence model combining reasoning and whole-body movement for complex manipulation across robot bodies. Schaeffler is contributing its actuator technology as an exclusive foundational component for Newton, helping accelerate humanoid robot development with NVIDIA Isaac Lab and Isaac Sim.

NEURA Robotics is using Isaac Sim and Isaac Lab to generate synthetic training data and train robot skills in simulation for Neuron AI, its multimodal foundation model.

Watch the GTC Berlin keynote from Huang and explore sessions.

About NVIDIA
NVIDIA (NASDAQ: NVDA) is the world leader in AI and accelerated computing.

For further information, contact:
Paris Fox
Corporate Communications
NVIDIA Corporation
press@nvidia.com

Certain statements in this press release including, but not limited to, statements as to: expectations with respect to growth, performance, availability, and benefits of NVIDIA’s products, services and technologies, and related trends and drivers; expectations with respect to NVIDIA’s third party arrangements, including with its collaborators and partners; expectations with respect to technology developments, and related trends and drivers; expectations with respect to advances in general-purpose robotics and the adoption and deployment of physical AI across industries; projected market growth and trends; expectations with respect to AI and related industries; and other statements that are not historical facts are 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, which are subject to the “safe harbor” created by those sections based on management’s beliefs and assumptions and on information currently available to management and are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic and political conditions; NVIDIA’s reliance on third parties to manufacture, assemble, package and test NVIDIA’s products; the impact of technological development and competition; development of new products and technologies or enhancements to NVIDIA’s existing products and technologies; market acceptance of NVIDIA’s products or NVIDIA’s partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of NVIDIA’s products or technologies when integrated into systems; NVIDIA’s ability to realize the potential benefits of business investments or acquisitions; and changes in applicable laws and regulations, as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Copies of reports filed with the SEC are posted on NVIDIA’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

Many of the products and features described herein remain in various stages and will be offered on a when-and-if-available basis. The statements above are not intended to be, and should not be interpreted as a commitment, promise, or legal obligation, and the development, release, and timing of any features or functionalities described for our products is subject to change and remains at the sole discretion of NVIDIA. NVIDIA will have no liability for failure to deliver or delay in the delivery of any of the products, features or functions set forth herein.

© 2026 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, and other NVIDIA product and service names are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries and regions. Other company, product, and service names may be trademarks of the respective companies with which they are associated.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/daef9262-990d-4455-b650-dcbe1e2c3cfd