Tag: GlobeNewswire

VANCOUVER, British Columbia, Oct. 01, 2026 (GLOBE NEWSWIRE) — Finning International Inc. (TSX: FTT) (“Finning”, the “Company”, “we”, “our” or “us”) today announced the acquisition of John F Hunt Power Group Limited (“John F Hunt Power”).

John F Hunt Power is one of the UK’s larger specialist generator rental companies, with a strong industry brand built on delivering high-quality solutions and service, and a track record of profitable growth. John F Hunt Power operates nationwide, serving a substantial and diverse customer base across a broad range of industries, including industrial, healthcare, events and construction.

With 145 employees and a nationwide fleet of approximately 2,500 generator units supported by six strategically located depots, John F Hunt Power provides 24/7 coverage across the UK. In addition to its specialized generator rental offering, the company is recognized for its innovative Fuel as a Service solution, delivering a seamless end-to-end experience for customers.

“John F Hunt Power is a highly respected business with an outstanding track record of supporting customers with reliable, specialist power solutions. We are delighted to welcome the team to Finning.

The acquisition is a major step forward in our growth strategy, projected to more than triple our power rental revenue in the UK and Ireland while significantly expanding our power generation solutions capability. It strengthens our ability to support customers with a broader range of applications, larger projects and increasingly complex power requirements.

We are investing in a market with significant long-term growth potential, and this acquisition builds on the strong organic growth already being delivered by our business, accelerating our ambitions through additional scale, expertise and capability. This is an exciting opportunity to bring together complementary strengths, talented people and a shared commitment to customer support,” said Gary Megarrell, Managing Director, Finning UK & Ireland.

The acquisition was funded using existing liquidity and remains consistent with Finning’s disciplined capital allocation framework. The transaction is not expected to have a material impact on Finning’s combined revenue, earnings or balance sheet.

About Finning
Finning is the world’s largest Caterpillar dealer. Headquartered in Surrey, British Columbia, we sell and rent Caterpillar equipment and provide parts, service and performance solutions in Western Canada, Chile, Argentina, Bolivia, the United Kingdom, and Ireland. Since 1933, we have delivered unrivalled customer service and are committed to solving our customers’ toughest challenges.

Contact Information
Email: FinningIR@finning.com
www.finning.com

FORWARD-LOOKING INFORMATION DISCLAIMER

This news release contains information about our business outlook, objectives, plans, strategic priorities and other information that is not historical fact. Information we provide is forward-looking when we use what we know and expect today to give information about the future. All forward-looking information in this news release is subject to this disclaimer, including the assumptions and material risk factors referred to below. Forward-looking information in this news release includes, but is not limited to, the following: that the acquisition is projected to more than triple our power rental revenue in the UK and Ireland while significantly expanding our power generation solutions capability; our belief that the acquisition strengthens our ability to support customers with a broader range of applications, larger projects and increasingly complex power requirements; our belief that we are investing in a market with significant long term growth potential; our expectation that the acquisition will accelerate our ambitions through additional scale, expertise and capability; and our expectation that the acquisition will not have an overall material impact on our combined revenue, earnings or balance sheet. All such forward-looking information is made pursuant to the ‘safe harbour’ provisions of applicable Canadian securities laws.

Unless we indicate otherwise, forward-looking information in this news release reflects our expectations at the date of this news release. Except as may be required by Canadian securities laws, we do not undertake any obligation to update or revise any forward-looking information, whether due to new information, future events, or otherwise.

Forward-looking information, by its very nature, is subject to numerous risks and uncertainties and is based on a number of assumptions. This gives rise to the possibility that actual results could differ materially from the expectations expressed in or implied by such forward-looking information and that our business outlook, objectives, plans, strategic priorities and other information that is not historical fact may not be achieved. As a result, we cannot guarantee that any forward-looking information will materialize and no assurance can be given that our projections will result in sustained or improved financial performance, or that past performance is indicative of future results.

Forward-looking information is provided in this news release for the purpose of giving information about our current expectations and plans and allowing investors and others to get a better understanding of our operating environment. However, readers are cautioned that it may not be appropriate to use such forward-looking information for any other purpose.

Forward-looking information provided in this news release is based on assumptions that we believed were reasonable on the day the information was given, including our assumptions related the acquired business’ projected revenue. Some of the assumptions, risks and other factors which could cause results to differ materially from those expressed in the forward-looking information in this news release, are discussed in our current Annual Information Form (AIF) and in our most recent annual and quarterly management’s discussion and analysis (MD&A). We caution readers that any risks described in this news release, or in our MD&A or AIF are not the only ones that could impact us. Additional risks and uncertainties not currently known to us or that are currently deemed to be immaterial may also have a material adverse effect on our business, financial condition, or results of operations.

Suominen Corporation October 1, 2026, at 3:00 p.m. (EEST)

Suominen Oyj – Managers’ Transactions

____________________________________________

Person subject to the notification requirement

Name: Charles Héaulmé

Position: Chief Executive Officer

 Issuer: Suominen Oyj

LEI: 743700Z1BNFYR9PRDF52

Notification type: INITIAL NOTIFICATION

Reference number: 174870/6/6

____________________________________________

Transaction date: 2026-09-30

Outside a trading venue

Instrument type: SHARE

ISIN: FI0009010862

Nature of transaction: RECEIPT OF A SHARE-BASED INCENTIVE

Transaction details

(1): Volume: 324000 Unit price: 0 N/A

Aggregated transactions (1):

Volume: 324000 Volume weighted average price: 0 N/A

____________________________________________

SUOMINEN CORPORATION

For further information, please contact:

Kimmo Raunio, CFO, tel. +358 10 214 3053

About Suominen Corporation 

Suominen manufactures nonwovens as roll goods for wipes and other applications. Our vision is to be the frontrunner for nonwovens innovation and sustainability. The end products made of Suominen’s nonwovens are present in people’s daily life worldwide. Suominen’s net sales in 2025 were EUR 412.4 million and we have almost 700 professionals working in Europe and in the Americas. Suominen’s shares are listed on Nasdaq Helsinki. Read more at www.suominen.fi. 

Experienced global legal executive brings deep expertise in corporate governance, capital markets, M&A and public company leadership

PARIS, Oct. 01, 2026 (GLOBE NEWSWIRE) — Pasqal (NASDAQ: PSQL), a global leader in neutral-atom quantum computing, today announced the appointment of Florence Lao as Chief Legal Officer. In this role, she will serve as a strategic advisor to Pasqal’s executive leadership team and Board of Directors as the company continues to scale globally as a publicly traded company.

As Chief Legal Officer, Florence will oversee Pasqal’s global legal strategy, including corporate governance, securities law compliance, commercial transactions, intellectual property matters, regulatory compliance and strategic growth initiatives. She will also support the company’s international operations and continued expansion across key markets.

“Florence is a proven legal leader with extensive experience guiding international organizations through significant periods of growth, transformation and public company governance,” said Wasiq Bokhari, CEO of Pasqal. “As we continue expanding our commercial footprint and advancing the adoption of quantum computing globally, her expertise across capital markets, governance, compliance and strategic transactions will be invaluable. We are delighted to welcome Florence to the Pasqal leadership team.”

Florence brings nearly 20 years of experience as an international business lawyer, with extensive expertise spanning corporate governance, capital markets, mergers and acquisitions, compliance, financing transactions and global commercial operations. Prior to joining Pasqal, she served as General Counsel and Board Secretary of Deezer. Earlier in her career, she held senior legal leadership roles at Adisseo and SMCP, where she participated in the company’s 2017 initial public offering on Euronext Paris. She began her legal career as an M&A lawyer at Latham & Watkins before joining Artemis as Deputy General Counsel.

“I am excited to join Pasqal at such a pivotal moment for both the company and the quantum computing industry,” said Florence. “Pasqal has established itself as a leader in quantum innovation, and I look forward to working alongside the leadership team to support the company’s next phase of growth, strengthen its governance framework and help advance its mission of delivering practical quantum solutions to customers around the world.”

Florence holds degrees from Paris II Panthéon-Assas University, Paris-Dauphine University and the London School of Economics.

Contact:
Investors 
investors@pasqal.com

Media
pr@pasqal.com 

About Pasqal

Pasqal (Nasdaq: PSQL) helps organizations tackle problems that are difficult or impossible to solve with conventional computing methods alone. Founded in 2019 on Nobel Prize–winning research, Pasqal builds and operates neutral-atom quantum computers, delivered with a full software stack, for industry, science, and governments. Pasqal’s production-ready systems are available both on-premises and through the cloud, enabling organizations to harness quantum computing without requiring in-house quantum expertise. A single hardware platform supports analog workloads today and is designed to evolve toward fault-tolerant quantum computing in the future.

Headquartered in France with operations globally, Pasqal’s quantum computing systems are used by customers across energy, financial services and advanced materials to address complex challenges. Pasqal’s customers include Saudi Aramco, Crédit Agricole CIB, LG Electronics and supported by partnerships with NVIDIA and IBM (Pasqal is part of the IBM Quantum Network).

Forward-Looking Statements

Certain statements herein may be considered “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. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “might,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “could,” “plan,” “predict,” “project,” “forecast,” “potential,” “seem,” “seek,” “target,” “possible,” “future,” “outlook” or similar terminology or expressions that predict or indicate future events or trends. These forward-looking statements include, but are not limited to, statements regarding future events, including Pasqal’s evolution of the areas of its collaboration with the French public authorities and participation in the civil public support programs currently being defined.

These statements are based on current expectations and are not predictions of actual performance. They are provided for illustrative purposes only and must not be relied on as a guarantee, prediction or definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and are beyond the control of Pasqal. These statements are subject to known and unknown risks and uncertainties and assumptions regarding Pasqal’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to: general economic, political, social and business conditions; uncertainty or changes with respect to laws and regulations, including participation in government programs; risks related to Pasqal’s indebtedness; the risk from Pasqal pursuing an emerging technology, facing significant technical challenges and the potential that it may not achieve commercialization or market acceptance; Pasqal’s reliance on strategic partners and other third parties; Pasqal’s ability to maintain, protect and defend its intellectual property rights; and other risks that will be detailed from time to time in filings with the U.S. Securities and Exchange Commission (the “SEC”). The foregoing list of risk factors is not exhaustive. There may be additional risks that Pasqal does not know or currently believes are immaterial that could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements provide Pasqal’s expectations, plans and forecasts of future events and views as of the date of this communication. While Pasqal may elect to update these forward-looking statements in the future, Pasqal specifically disclaims any obligation to do so.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/270a80df-fb3f-4a42-b641-a7d5e2695b64

ZEELAND, Mich., Oct. 01, 2026 (GLOBE NEWSWIRE) — Gentex Corporation (NASDAQ: GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, fire protection technologies and consumer electronics, is pleased to announce that it will release its third quarter 2026 financial results on Friday, October 23, before the market opens. The Company will host a conference call for the investment community at 9:30am ET to discuss the results.

The call will also be available to the general public via a live audio webcast. Participants who wish to ask questions may register for the call at the following URL to receive the dial-in numbers and unique PIN: https://register-conf.media-server.com/register/BIf16d76cd30ef4ccb9104c3f057fb46e5. It is recommended that participants join 10 minutes prior to the event start, although they may register ahead of the call and dial in at any time during the call. If you wish to join the call but do not plan to ask questions, you may join the listen-only webcast here: https://edge.media-server.com/mmc/p/xisihger.

A webcast replay will be available approximately 24 hours after the conclusion of the call at http://ir.gentex.com/events-and-presentations/upcoming-past-events.

Contact Information:
Gentex Investor Relations
616.931.3505

This press release was published by a CLEAR® Verified individual.

Builds on July 1 Launch for Investment-Grade Fixed Income Replacement Product Suite, Complements Data Standardization and Secondary Trading Initiatives

NEW YORK, Oct. 01, 2026 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that it has begun providing Daily Pricing information to additional investors across its $850 billion credit business, marking another step in the firm’s broader efforts to build a more transparent private credit market. Apollo launched Daily Pricing for investors in its investment-grade Fixed Income Replacement product suite on July 1, 2026, and has now extended the initiative across various direct lending, asset-backed finance, multi-credit and opportunistic credit vehicles. Asset-level pricing for applicable funds is expected to be made available to investors beginning on October 30, 2026.

The initiative reflects the continued evolution of private credit toward the pricing, data and market making infrastructure familiar in other established credit markets. More frequent pricing, standardized asset-level information and secondary trading are complementary parts of that development, designed to help investors evaluate and manage private credit alongside their public market investments.

John Zito, Co-President of Apollo Asset Management, said, “As public and private markets continue to converge, investors increasingly expect a more consistent experience across their portfolios. That requires more timely pricing information, standardized data and the infrastructure to support more efficient market making. Daily pricing is another step in that evolution. Together with our broader efforts, it is designed to give investors greater visibility into their holdings and support their ability to participate in private markets with confidence. We believe greater transparency supports a better experience for all market participants and the broader financial system.”

The expansion complements Apollo’s other initiatives to strengthen private market infrastructure. In March 2026, Apollo partnered with Intercontinental Exchange to launch ICE Private Credit Intelligence, which has introduced unique asset identifiers, ICE IDs. The ICE IDs will be leveraged to offer standardized reference data sets, as well as analytics and independent pricing on private assets over time. To date, over 5,000 ICE IDs have been created. Apollo’s dedicated secondary trading desk, launched in 2024, has also facilitated over $30 billion of trading volume to date with a growing number of partners, demonstrating how price discovery can support the continued evolution of private markets.

Together, these initiatives are intended to support greater transparency, broader participation and modern product structures as private credit becomes a more established component of investor portfolios.

Daily Pricing is available to investors through Apollo’s investor portal. Where information relates to a registered fund, it is published through the channels applicable to that vehicle.

Daily Pricing refers to an estimated fair value for a fund, portfolio, asset, security or other investment position, calculated as of a specified date. Daily Pricing is not a market-clearing price and is based on Apollo’s internal pricing methodology and benchmarked to relevant public market data. Daily Pricing is provided solely for informational and transparency purposes and is not intended to constitute a definitive valuation or to serve as a basis for any investment decision, subscription, redemption, transaction or other action.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of June 30, 2026, Apollo had approximately $1.05 trillion of assets under management. To learn more, please visit www.apollo.com.

Contacts

Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com

• SpyGlass Pharma acquires 100% of the outstanding shares of AVS, a subsidiary of Santen Pharmaceutical Co., Ltd. (Santen), the existing manufacturer of SpyGlass Pharma’s intraocular lens (IOL)
• Secures scalable commercial IOL manufacturing capacity for its Phase 3 lead product candidate, the BIM-IOL System
• Accelerates pathway to adding premium lens options into its IOL-based drug delivery system
• SpyGlass Pharma intends to continue supporting AVS customers and licensees utilizing their proprietary IOL material technology, such as Santen, Bausch + Lomb, and other global IOL companies

IRVINE, Calif., Oct. 01, 2026 (GLOBE NEWSWIRE) — SpyGlass Pharma, Inc. (Nasdaq: SGP) (“SpyGlass Pharma” or “Company”) announced today the acquisition of all the outstanding shares of common stock of Advanced Vision Science, Inc. (AVS), an ophthalmic medical device company and manufacturer of intraocular lenses (IOLs) and lens materials, for approximately $13 million in cash. This acquisition secures scalable commercial IOL manufacturing capacity for SpyGlass Pharma. AVS was a wholly owned subsidiary of Santen Pharmaceutical Co., Ltd (Santen) and is the current supplier of SpyGlass Pharma’s IOL in its two Phase 3 registrational trials evaluating the BIM-IOL System.

Under the agreement, AVS will be the exclusive manufacturer and supplier of several types of IOLs to Santen for commercialization in Japan. Additionally, AVS will continue to license its glistening-free hydrophobic acrylic lens material to Bausch + Lomb for use in the enVista® IOL line, and manufacture products for other global IOL companies.

“The acquisition of AVS for SpyGlass Pharma is strategically important as it secures our long-term supply of world class IOLs,” said Patrick Mooney, CEO of SpyGlass Pharma. “Not only are we owning significant manufacturing capability of approved IOL material, trusted and widely adopted by surgeons worldwide, but we are also positioning ourselves to accelerate production of a portfolio of lenses that we believe can fit our drug delivery pads. While our monofocal IOL addresses the vast majority of the glaucoma and ocular hypertension patients with cataracts, some of these patients can benefit from premium IOL options like toric and extended depth-of-focus lenses. This is a major step toward delivering on these aspirations, while maintaining our strategy, focus and existing cash runway.”

“AVS has built a strong reputation for innovation, quality, and manufacturing excellence,” said Rie Nakajima, Director of the Board, Chief Operating Officer of Santen Global. “We believe SpyGlass Pharma is well positioned to leverage these strengths to maximize the value of innovative products and further advance efforts to address unmet needs in eye care around the world.”

Gitkin & Co. serves as financial advisor to SpyGlass Pharma. Wilson Sonsini Goodrich & Rosati, P.C., serves as legal counsel to SpyGlass Pharma.

MTS Health Partners, L.P., serves as financial advisor to Santen and Squire Patton Boggs (US) LLP serves as legal counsel to Santen.

About Advanced Vision Science, Inc.

Advanced Vision Science, Inc. (AVS) is a California-based medical device company specializing in the research, development and manufacturing of ophthalmic medical devices including intraocular lenses and lens material. The Advanced Vision Science Foldable Hydrophobic Acrylic IOL was the first foldable hydrophobic acrylic lens proven to be glistening free. The lens was launched in Japan in July 2008 and is marketed by Santen under the brand name “Eternity” ®.

The hydrophobic acrylic lens material and line-extensions are licensed to and marketed in the rest of world by Bausch + Lomb Inc. (B+L).

AVS has been manufacturing ophthalmic devices since 1975. The AVS quality system is certified to ISO 13485. The facility is registered by the US FDA and Japanese Ministry of Health, Labour and Welfare.

About the Bimatoprost Drug Pad-IOL System

SpyGlass Pharma’s lead product candidate, the Bimatoprost Drug Pad-IOL System (BIM-IOL System), comprising novel, proprietary non-bioerodible drug pads attached to its intraocular lens, was designed to be implanted during routine cataract surgery to reduce elevated intraocular pressure (IOP) in patients who have either open-angle glaucoma (OAG) or ocular hypertension (OHT). The BIM-IOL System is designed to consistently deliver three years of bimatoprost, a prostaglandin analog approved for topical use by the U.S. Food and Drug Administration (FDA) in 2001, for the reduction of elevated IOP in patients with OAG or OHT.

The Company initiated two registrational Phase 3 clinical trials of the BIM-IOL System and continues long-term follow-up of patients in the Phase 1/2 study investigating the safety and efficacy of the BIM-IOL System. SpyGlass Pharma plans to work with the FDA to advance the program through completion of Phase 3 clinical trials, New Drug Application submission, and ultimately to potential FDA approval.

About SpyGlass Pharma

SpyGlass Pharma is a late-stage biopharmaceutical company dedicated to transforming the treatment paradigm for patients living with chronic eye conditions through long-acting, sustained drug delivery of approved medicines. The Company’s mission is to significantly improve the lives of patients with chronic eye conditions by developing durable drug delivery solutions that can empower patients and surgeons with confidence in long-term disease control and vision preservation.

The SpyGlass Pharma platform, a novel, non-bioerodible drug delivery technology, is designed to be used with various well-established, approved medicines, including bimatoprost and other small molecules, providing flexibility to potentially treat a range of conditions in the front and back of the eye.

The Company was founded in 2019 by Malik Y. Kahook, M.D. and Glenn Sussman to solve the lack of ophthalmic innovations that capitalize on durable treatment options. The SpyGlass Pharma platform was originally developed in the Sue Anschutz-Rodgers Eye Center at the University of Colorado Anschutz School of Medicine.

Forward-looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements in this press release that are not purely historical are forward-looking statements, including, but not limited to, statements regarding: the potential benefits and impact of the BIM-IOL System on patients; the anticipated benefits of SpyGlass Pharma’s acquisition of AVS, including, without limitation, a scalable commercial IOL capacity, accelerated production of a portfolio of lenses that could fit into the company’s drug delivery pads, and continued support of AVS customers and licensees; and the expectation that SpyGlass Pharma can execute its business plan relating to the AVS acquisition while maintaining its strategy, focus, and existing cash runway. The forward-looking statements contained herein are based upon SpyGlass Pharma’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. These forward-looking statements are neither promises nor guarantees and are subject to a variety of risks and uncertainties, including our ability to manufacture IOLs for the BIM-IOL System, delays in production and an increase in costs, in addition to those set forth in the Risk Factors section of the Company’s Quarterly Report on Form 10-Q for the three month period ended June 30, 2026 filed with the Securities and Exchange Commission on August 6, 2026, and in similar disclosures set forth in the other documents that SpyGlass Pharma has filed and may file from time to time with the SEC. These forward-looking statements are made as of the date of this press release, and SpyGlass Pharma assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. SpyGlass Pharma’s views in these forward-looking statements should not be relied as representing the Company’s views as of any date subsequent to the date of this press release.

Media Contact:
Nami Surendranath
(402) 507-6757
nsurendranath@dnacommunications.com

Investor Contact:
Ami Bavishi or Nick Colangelo
Gilmartin Group LLC
investors@spyglasspharma.com

• Revenue Up 40% and Adjusted EBITDA Up 76% on Stronger Gold Price and Improved Cost Discipline
• Expanded Milling Plant at How Mine Substantially Complete; Commissioning Expected Mid-October, Increasing Monthly Processing Capacity by ~36%
• Redwing Mine Dewatering Completed Ahead of Schedule; Three-Month Restart Program Commencing October with First Gold Targeted No Later Than January 2027
• Full-Year 2026 Production Guidance Revised to 26,500–27,000 Ounces; C1 Cost Guidance Maintained
• Management to Host Business Update Conference Call on October 1st at 8.30am

NEW YORK, Oct. 01, 2026 (GLOBE NEWSWIRE) — Namib Minerals (“Namib” or “the Company”), (Nasdaq: NAMM), the African mining platform capitalizing on strategic resource opportunities, today announced its financial results for the six months ended June 30, 2026, and provided a business update on operational progress, the commissioning of the expanded milling plant at How Mine, and the accelerated restart of Redwing Mine.

“The first half of 2026 was a period of both progress and continued investment across Namib Minerals,” said Tulani Sikwila, Chief Executive Officer. “The company delivered a step change in underlying earnings — revenue up 40%, gross profit doubled, and Adjusted EBITDA up 76% — achieved with production costs that were lower in absolute terms than a year ago. The installation of our expanded milling capacity at How Mine is substantially complete, and commissioning in mid-October will lift our processing capacity by more than a third. We completed dewatering at Redwing ahead of schedule and are bringing forward the restart, with first gold targeted no later than January 2027. We have a producing mine whose capacity is about to increase by more than a third, a second mine returning to production earlier than planned, and we have funded both in a non-dilutive manner.”

Financial and Operational Highlights

The first half of 2026 demonstrated a major improvement in the underlying financial performance of Namib Minerals, driven by a significantly stronger gold price environment and the cost and efficiency initiatives we implemented across the organization.

Revenue for the six months ended June 30 was $50.8 million, an increase of 40% from $36.4 million from the first half of 2025. The primary driver was the gold price: the average net realized price, stated after royalties, increased 48% to $4,195 per ounce from $2,827 per ounce. Volumes decreased of 7% but price improvements more than compensated for the reduction. Gross profit doubled to $27.0 million from $13.5 million, representing a gross margin of 53% compared with 37% in the prior year period.

Adjusted EBITDA was $19.0 million, an increase of 76% from $10.8 million, with an Adjusted EBITDA margin of 37% compared with 30%. Net cash generated from operating activities was $9.3 million, up 61% from $5.8 million. The Company reinvested all operating cash flow into capital projects: net cash used in investing activities was $10.7 million, compared with $5.6 million, reflecting the mill expansion at How Mine and the restart program at Redwing.

How Mine produced 11,373 ounces in the first half of 2026, compared with 12,741 ounces in the first half of 2025. Tonnes milled were 233,000 against 236,000, broadly flat. Average head grade was 1.7 grams per tonne compared with 1.9 grams per tonne. Recovery was 88%, compared with 89%.

Production costs were $17.9 million, down 3% from $18.5 million, despite a 15% increase in power tariffs, and fell to 35% of revenue from 51%. Royalties increased 70% to $3.1 million, reflecting higher revenue and the higher royalty rate applicable since January 1, 2026 when the gold price exceeds $5,000 per ounce.

C1 cash cost was $1,576 per ounce compared with $1,510 per ounce. Costs fell in absolute terms, but a large part of the cost base is fixed; with fewer ounces sold, cost per ounce rose by 4%. Group all-in sustaining cost was $3,078 per ounce compared with $2,462 per ounce, reflecting fewer ounces, higher royalties, and higher corporate costs associated with a first full period as a Nasdaq-listed company. At How Mine alone, AISC was $2,534 per ounce, compared with $2,265 per ounce.

Two non-cash items affected reported earnings. The fair value of the earnout liability increased from $9.9 million at December 31, 2025 to $18.4 million at June 30, 2026, producing a loss of $8.5 million through the income statement. Warrant liabilities marked to market produced a further loss of $2.7 million. Together, these non-cash items totaled $11.3 million. Both liabilities move primarily with the Company’s share price, which rose from $1.01 to $1.88 over the period; neither affects cash, the earnout settles in shares, and both are excluded from Adjusted EBITDA. After these items and a taxation expense of $6.1 million, the loss for the period was $4.8 million, or 9 cents per share. Excluding the non-cash fair value losses, the business was profitable after tax.

How Mine — Milling Expansion

How Mine remains the operating foundation of Namib Minerals and the principal source of production for the Company’s portfolio. The mine has been constrained by its mill. In the first half of 2026, the Company milled 233,000 tonnes, which is close to everything the existing plant can process. When grade falls, as it did, there is no spare capacity to make up the ounces with tonnes. The mill expansion removes that constraint. It lifts processing capacity from approximately 40,500 tonnes per month to 55,000 tonnes per month, an increase of approximately 36%.

The installation of that processing capacity is substantially complete: the mill is installed and pre-commissioning checks are underway, with commissioning expected in mid-October. That is within the second-half timeline previously communicated. Following a ramp-up period of approximately six to eight weeks, the expanded plant is expected to be running at its full rate by the end of December 2026. The additional capacity will support a meaningful increase in throughput and will allow the Company to spread its existing cost base across greater production volumes.

The guidance revision for 2026 is about timing. It is not about the capacity of the asset. Once the expanded plant is at its full rate, How Mine is capable of producing at an annualized rate of more than 30,000 ounces at grades being mined today. That is the rate at which the Company expects to enter 2027. Formal 2027 guidance, including Redwing’s anticipated contribution, will be provided in the first quarter of 2027.

Redwing Mine — Restart Accelerated

In July 2026, Namib published Development Timelines and Milestones (the “Development Milestones”) as a restart pathway for Redwing Mine, under which production would follow completion of the Definitive Feasibility Study. The Company is today announcing that it will bring production forward ahead of that pathway.

Zimbabwe’s Ministry of Mines and Mining Development has announced a policy framework requiring foreign-owned operators to be operating above prescribed production and capital investment thresholds by January 1, 2027. How Mine already operates above those thresholds. Redwing, on care and maintenance, does not. The policy sets a clear timeline, and the Company has chosen to meet it. First production at Redwing is targeted no later than January 2027, at an initial reduced capacity and at a rate above the prescribed thresholds.

Two factors make this possible. First, dewatering at Redwing was completed on September 21, 2026, ahead of the fourth-quarter target published in July, providing access to the underground workings now. Second, Redwing went onto care and maintenance with developed mining areas available for mining, underground infrastructure, and a processing plant already in place. The initial restart re-establishes mining in areas that were developed and mined before. It uses the existing plant and does not depend on the outcome of the feasibility study.

The restart program runs for three months commencing in October 2026. A full geotechnical audit of the historical mining areas will be completed before any mining resumes; initial inspections have been encouraging. The program also includes re-equipping those areas, refurbishing the existing processing plant, and mobilizing the workforce.

Stages 2 to 5 of the Development Milestones pathway are unchanged. The fully funded technical feasibility study program remains on track to conclude in early Q1 2027, with resource definition and Definitive Feasibility Study work expected to conclude in Q4 2027. Together they will define Redwing as a larger-scale operation. No decision on that larger development, or the capital for it, is being taken ahead of the study. The initial restart is an additional workstream alongside the pathway, not a replacement for it.

The initial restart will be funded from internally generated cash flow. No new equity issuance is planned. The initial restart is not expected to contribute materially to 2026 production; Redwing’s contribution will be included when the Company provides 2027 guidance.

Balance Sheet and Liquidity

At June 30, 2026, the Company had $1.8 million of cash, current assets of $20.4 million, and current liabilities of $63.3 million, representing a working capital deficit of $42.9 million. Of the $63.3 million of current liabilities, $7.5 million is the current portion of the earnout liability, which settles in shares and not cash; approximately $15.9 million sits in the Redwing and Mazowe entities, ring-fenced to those entities and not secured on How Mine; and $3.6 million of excise tax is matched by an indemnification asset of the same amount. The Company was in compliance with all debt covenants at June 30.

Management’s cash flow projections through June 2027, including sensitivities on the gold price, indicate that the Group will continue to generate positive cash flows and meet its obligations as they fall due.

Since June 30, 2026, liquidity has improved. The Company drew the $5.0 million Ecobank facility in full in July 2026; that facility has a 36-month term to May 2029 and is repaid in monthly installments from gold sales. On September 29, 2026, the Company announced an agreement with BancABC to increase its existing facility by $6.5 million, from $6.7 million to $13.2 million.

Leadership and Governance

The Company has strengthened its leadership and governance. In July 2026, Sphe Mchunu was appointed Chief Financial Officer in addition to his existing role of General Counsel. Mr. Mchunu has been closely involved with Namib and its predecessor companies since 2020 and played a central role in the Company’s business combination and Nasdaq listing.

The Company also welcomed Wendy Luhabe to the Board as Lead Independent Director. Ms. Luhabe brings more than three decades of board leadership and significant experience in development finance and the deployment of capital into mining and industrial projects across Africa.

Guidance

Full-year 2026 production guidance is revised to 26,500–27,000 ounces, from the previously stated range of 28,000–31,500 ounces. The revised range assumes the expanded mill is commissioned in mid-October and ramps up over six to eight weeks. The top of the range assumes a quicker ramp and grades toward 1.9 grams per tonne; the bottom assumes a slower ramp at first-half grades. This revision reflects the timing of the mill commissioning and is not a statement about the underlying capacity of the asset.

C1 cash cost guidance is maintained at $1,400–$1,650 per ounce. First-half C1 was $1,576 per ounce, and improvement is expected in the second half as volumes increase. On group all-in sustaining costs, with fewer ounces now planned for the full year, the Company now expects full-year group AISC of $2,650–$2,850 per ounce, compared with its previously stated range of $2,400–$2,700 per ounce. The second half is expected to be materially lower than the first, as restructuring savings are realized and additional ounces absorb the fixed cost base.

The Company expects to provide 2027 production and cost guidance, including Redwing’s anticipated contribution, in the first quarter of 2027.

Conference Call Information

Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of the Company’s website at https://namibminerals.gcs-web.com/. An archived replay of the webcast will be available on the Company’s website shortly after the event concludes.

About Namib Minerals

Namib Minerals (Nasdaq: NAMM) is an African mining platform capitalizing on strategic resource opportunities across the region. The Company’s flagship producing asset is How Mine, an underground gold mine in Zimbabwe. Namib also holds Redwing Mine, an advanced-stage gold asset undergoing restart, and Mazowe Mine. Namib’s strategy is to build a scalable, capital-efficient multi-asset African mining platform that creates value for its investors, employees, and communities. For more information, visit www.namibminerals.com (http://www.namibminerals.com).

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts are forward-looking statements, including statements about production and cost guidance, the commissioning and ramp-up of the expanded milling plant at How Mine, the timing and scope of the restart of Redwing Mine, financing plans, and the implementation of Zimbabwe’s mining policy framework. These statements reflect management’s views only as of the date of this release and should not be relied upon as representative of views as of any subsequent date. These statements are subject to risks and uncertainties that could cause actual results to differ materially from expectations. A discussion of these factors can be found in the Company’s SEC filings, including the Form 20-F filed on April 2, 2026, and the Report on Form 6-K furnished today. The Company undertakes no obligation to update any forward-looking statements, except as required by law.

Mineral resource and reserve estimates are subject to uncertainty, and mineral resources may not convert to mineral reserves or ultimately result in mined gold. Investors should not assume that any mineral resources will be economically or legally mineable. Please refer to the Company’s public disclosures for complete definitions and cautionary language in accordance with SEC Regulation S-K 1300.

Reconciliation of Non-IFRS Measures

The Company utilizes non-IFRS financial measures, including Adjusted EBITDA and C1 cost per ounce, to complement its IFRS reporting and provide stakeholders with a deeper understanding of our operational performance and financial health. These measures offer insights into trends and factors that IFRS metrics may not fully capture. Non-IFRS financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with IFRS, and non-IFRS financial measures as used by Namib Minerals may not be comparable to similarly titled amounts used by other companies. While not a substitute for IFRS results, they exclude items not indicative of our core operations, enhancing comparability across periods.

Adjusted EBITDA

The Company defines Adjusted EBITDA as profit for the period before finance cost, related party credit loss, taxes, changes in the fair value of earnout liability, changes in fair value of warrants, listing expenses, depreciation and amortization, impairment, interest income, financial guarantee remeasurement, transaction expense and disposal of investment.

Contact:

Investor Relations:
Investor.relations@namibminerals.com

Powerus, a U.S. defense technology company focused on autonomous drones and other unmanned systems, is now publicly traded on Nasdaq

• Powerus and Aureus Greenway Holdings completed their previously announced merger, effective October 1, 2026.
• AGH has been renamed Powerus Corporation, and continues to operate as a public company.
• Shares continue to trade on Nasdaq under the symbol PUSA. There was no change to the symbol in connection with completion.
  

ROCK HILL, S.C., Oct. 01, 2026 (GLOBE NEWSWIRE) — Autonomous Power Corporation, dba Powerus (“Powerus”), and Aureus Greenway Holdings Inc. (Nasdaq: PUSA) (“AGH”) today announced that they have completed their previously announced merger, effective October 1, 2026.

Powerus merged with and into a newly formed subsidiary of AGH, with Powerus continuing as the surviving entity, and AGH has been renamed Powerus Corporation. Shares of the combined company continue to trade on the Nasdaq Capital Market under the symbol PUSA. AGH adopted that symbol earlier in anticipation of the combination, and there was no change to the symbol in connection with the completion.

“When we agreed to combine with Powerus, the case was simple: a U.S.-headquartered autonomous systems company that was already building and selling,” said Matthew Saker, former interim CEO of AGH. “Today that company is public. That was the point of the transaction.”

“Completing this transaction puts Powerus in a position to build at the scale our customers are asking for,” said Andrew Fox, Chief Executive Officer of Powerus. “Our focus does not change on October 1. The work is the same work.”

“I spent most of my career as the person relying on this equipment in the field,” said Brett Velicovich, Co-Founder of Powerus. “That is the standard we build to, and it does not change because the company has a listing.”

Recent Powerus Milestones

The completion of the merger follows a series of previously announced Powerus developments:

• A purchase order from a defense prime contractor for the U.S. Department of War, valued at approximately $2.5 million, according to Powerus, for 1,500 U.S.-manufactured FPV aircraft, together with pilot kits and spare parts kits. As previously disclosed, that order does not guarantee future orders, a continuing customer relationship, or program-of-record status.
• A competitively awarded U.S. Air Force indefinite-delivery/indefinite-quantity (IDIQ) contract for the Company’s Guardian-2 counter-drone interceptor, with a ceiling value of up to $90 million and a term running through mid-2028. An IDIQ contract establishes a maximum value; orders are placed at the government’s discretion and actual awards may be materially less than the ceiling.
• A limited procurement order from the U.S. Air Force for Guardian-2 Interceptor systems, placed following a successful demonstration. As previously disclosed, that order does not guarantee future orders, a continuing customer relationship, or program-of-record status.
• Advancement to Phase 3 of the U.S. Army’s xTech Adaptive Strike Competition, following a Phase 2 field evaluation. Participation in a prize competition does not constitute a procurement contract or a commitment to purchase.
• The launch of a Powerus agriculture division, together with a $60 million, according to Powerus, Australia-New Zealand distribution agreement, including an exclusive agency and distribution agreement with Aerospread Technologies Limited of Napier, New Zealand, and a U.S. partnership with Sprig Aerospace. Distribution agreements establish sales arrangements and do not represent firm purchase commitments.
• A $30 million, according to Powerus, strategic equity investment in Powerus by Unusual Machines, Inc. (NYSE American: UMAC), deepening the companies’ existing supply and manufacturing relationship.
• An order placed by Powerus with Unusual Machines valued at more than $5 million, according to Powerus, for U.S.-made, NDAA-compliant components for counter-UAS systems and related drone platforms. This is a purchase by Powerus and does not represent Powerus revenue.
• A memorandum of understanding with UAV software company Swarmer, Inc. (Nasdaq: SWMR) to explore the technical and operational feasibility of integrating Swarmer’s swarming and coordination software with the Powerus autonomous systems architecture. The collaboration is exploratory; a memorandum of understanding is not a definitive agreement and may not result in one.
• The establishment of a dedicated Guardian counter-UAS manufacturing facility in the United Arab Emirates, through a multi-year partnership with a regional defense manufacturer. The arrangement does not guarantee any particular level of production, sales, or continuing relationship with the regional partner.
• Designation by the U.S. Department of War as an industry participant supporting Falcon Peak 26.2, a U.S. Northern Command and Joint Interagency Task Force 401 counter-unmanned aircraft systems experiment at Yuma Proving Ground. Participation as an industry participant in an experiment does not constitute a procurement contract or a commitment to purchase.
• A limited procurement order from the Ministry of Defence of the Islamic Republic of Pakistan for unmanned aerial systems and associated support, and a strategic memorandum of understanding with senior Pakistani defense officials. No other terms of the order have been disclosed, and the memorandum of understanding is not a definitive agreement and may not result in one.

About Powerus

Powerus (formerly Autonomous Power Corporation) builds and scales unified autonomous systems designed to move, protect, and sustain critical assets in high-risk environments, with capabilities spanning heavy-lift platforms, autonomous air systems, autonomous maritime systems, mission systems, training and support, and U.S.-based manufacturing. Powerus completed its previously announced merger with AGH on October 1, 2026. Learn more at power.us.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by terminology such as “may,” “will,” “should,” “targets,” “plans,” “intends,” “goal,” “anticipates,” “expects,” “believes,” “potential,” or “continue” or negatives of such terms or other comparable terminology. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. All forward-looking statements are subject to risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from any results expressed or implied by such forward-looking statements.

As to the business combination between Powerus and AGH, these statements include, without limitation, the anticipated benefits of the merger; future financial and operating results; the plans, objectives, expectations and intentions of either company or of the combined company following the merger; anticipated future results of either company or of the combined company following the merger; and the anticipated benefits and strategic and financial rationale of the merger and other statements that are not historical facts.

As to the previously announced developments described in this release, such factors include, among others: (1) that the U.S. Air Force IDIQ contract establishes a ceiling value only, that orders are placed at the government’s discretion, that actual orders may be materially less than the ceiling or may not be placed at all, and that the contract is subject to termination for convenience, funding contingencies and task-order variability; (2) that the previously disclosed limited procurement orders do not guarantee future orders, a continuing customer relationship, or program-of-record status; (3) that advancement in the xTech Adaptive Strike Competition does not constitute a procurement contract and may not result in any award or purchase; (4) that the Agriculture division distribution agreements with Aerospread Technologies Limited and Sprig Aerospace establish sales arrangements rather than firm purchase commitments, that stated values may not be realized in whole or in part, and that realization depends on end-customer demand, regulatory approvals and counterparty performance; (5) that required export licenses, authorizations or other governmental consents may be delayed, denied or made subject to conditions; (6) that the memorandum of understanding with Swarmer, and the memorandum of understanding with Pakistani defense officials, may not result in definitive agreements or produce any commercial benefit; (7) that the United Arab Emirates manufacturing arrangement does not guarantee any particular level of production, sales, or continuing relationship with the regional partner; (8) that designation as a Falcon Peak 26.2 industry participant does not constitute a procurement contract or a commitment to purchase; and (9) other Powerus-specific operational uncertainties, including risks related to production scale-up, subsidiary integration, and reliance on third-party suppliers and government customers.

No Offer or Solicitation

This document is for informational purposes only and is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.

Important Information and Where to Find It

In connection with the transaction, AGH has filed a registration statement on Form S-4 with the SEC, which includes an information statement prospectus of AGH. Investors and security holders are urged to read the registration statement (and any other documents filed with the SEC in connection with the transaction or incorporated by reference into the registration statement) because such documents contain important information regarding the transaction and related matters. Investors and security holders may obtain free copies of these documents and other documents filed with the SEC by AGH through the website maintained by the SEC at http://www.sec.gov, at AGH’s website at https://www.aureusgreenway.com/secfilings , or at the Powerus Website at https://www.power.us/.

Contacts

Powerus Investor Relations

Jason Assad

678-570-6791

Powerus Press Contact

Escalate PR

pr@power.us

Acquisition would provide NANO Nuclear with strategically valuable NRC-licensed fuel cycle assets and optionality to pursue domestic nuclear fuel cycle activities, independently or in collaboration with strategic partners

Upon completion of the transaction and transfer of the NRC license, NANO Nuclear would own one of ten NRC-licensed fuel cycle facilities in the United States

New York, N.Y., Oct. 01, 2026 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or the “Company”), an advanced nuclear energy and technology company developing microreactors, nuclear fuel cycle capabilities and nuclear transportation solutions, today announced that NANO Nuclear and its wholly owned subsidiary, HALEU Energy Fuel Inc., have entered into a definitive asset purchase agreement with Radnostix, Inc. (formerly International Isotopes Inc.) and its subsidiary International Isotopes Fluorine Products, Inc. to acquire strategic U.S. nuclear fuel processing assets, including a U.S. Nuclear Regulatory Commission (“NRC”) license and related intellectual property and technical materials associated with a previously planned depleted uranium hexafluoride (“DUF6”) deconversion and fluorine extraction facility in Lea County, New Mexico.

The proposed acquisition would provide NANO Nuclear with existing NRC-licensed fuel cycle assets and a substantial body of associated licensing and technical work. Upon completion of the transaction and transfer of the NRC license, NANO Nuclear would own one of ten NRC-licensed fuel cycle facilities in the United States. The acquisition is also subject to the satisfaction of future closing conditions.

Figure 1 – NANO Nuclear Energy Advances Vertical Integration Strategy by Signing Definitive Agreement to Acquire Strategic NRC-Licensed U.S. Nuclear Fuel Processing Assets – IIFP General Site Location, Proposed Facility Boundary, and Plant Throughput for the DUF₆ Deconversion Process.

By acquiring an existing NRC-licensed fuel cycle asset, NANO Nuclear is strategically positioned with the flexibility to pursue a depleted uranium hexafluoride (“DUF6) deconversion facility or additional fuel cycle processes through amendments to the existing NRC license, which NANO Nuclear believes could provide a significantly more efficient regulatory pathway than developing and licensing a comparable facility on a new site. The licensing, regulatory, engineering and technical foundation derived from the acquired assets could also inform and potentially streamline the development and licensing of similar fuel cycle capabilities at other locations. Together, these assets would provide NANO Nuclear with increased optionality to pursue domestic fuel cycle opportunities, either independently or in collaboration with other nuclear fuel processing companies.

If completed, the proposed acquisition would represent another important milestone in NANO Nuclear’s long-term strategy to establish a vertically integrated advanced nuclear energy and fuel platform, extending its potential capabilities, whether internally or through strategic collaborations, across uranium conversion, enrichment, deconversion and transportation through reactor deployment.

Figure 2 – NANO Nuclear Energy Advances Vertical Integration Strategy by Signing Definitive Agreement to Acquire Strategic NRC-Licensed U.S. Nuclear Fuel Processing Assets

Establishing a Strategic U.S. Nuclear Fuel Cycle Platform

The NRC license was originally issued to construct and operate a DUF6 deconversion and fluorine extraction facility in Lea County, New Mexico. The proposed acquisition also includes related patented technology, engineering and safety analyses, regulatory and permitting materials, equipment and historical project development records. The facility contemplated under the existing license was not previously constructed.

While the site is licensed by the NRC under 10 CFR Part 40, “Domestic Licensing of Source Material,” the licensing basis was required by the NRC to meet applicable requirements of Subpart H of 10 CFR Part 70, “Domestic Licensing of Special Nuclear Material,” in connection with a rulemaking framework previously contemplated by the NRC. NANO Nuclear expects the acquisition of an existing licensed fuel cycle facility developed to these requirements to facilitate a more streamlined regulatory pathway for adding certain additional fuel cycle processes requiring authorization under 10 CFR Part 70 through future license amendments if desired, subject in each case to applicable NRC review and approval.

Following closing and transfer of the NRC license, NANO Nuclear plans to continue its evaluation of several options in determining the optimal commercial and development pathway for the acquired assets, including potential deconversion and other fuel cycle activities, as well as opportunities to collaborate with potential strategic partners. No final investment decision has been made, and any future development remains subject to applicable technical, commercial, financing and regulatory considerations.

“This proposed acquisition is fundamentally about securing a strategically valuable position within the U.S. nuclear fuel cycle,” said James Walker, Chief Executive Officer of NANO Nuclear Energy. “An existing NRC-licensed fuel cycle facility, supported by years of regulatory and technical development, provides us with a foundation we believe is extremely difficult to recreate from the ground up. It gives us multiple potential pathways to expand our domestic fuel cycle capabilities while preserving the flexibility to determine the development strategy that creates the greatest long-term value.”

“Our objective is to build the capabilities necessary to support a more complete and resilient domestic nuclear energy industry,” said Jay Yu, Founder and Chairman of NANO Nuclear Energy. “This transaction would establish another critical pillar of our vertically integrated nuclear fuel strategy, providing us with an important platform from which to pursue future fuel cycle opportunities, both independently and alongside strategic industry collaborators. I am very pleased with our continued business and commercial approach to creating long-term shareholder value in the nuclear energy sector.”

Transaction Terms and Next Steps

Under the asset purchase agreement, the consideration being paid for the assets at closing is $9.5 million in cash and $4.0 million in NANO common stock, payable and issuable at closing in accordance with the agreement. Closing remains subject to NRC consent to the license transfer, other required approvals and consents (including from New Mexico officials), satisfactory site arrangements and other closing conditions. The parties currently expect closing in approximately 90 to 120 days, although the timing will depend on those approvals and conditions.

About NANO Nuclear Energy, Inc.

NANO Nuclear Energy Inc. (NASDAQ: NNE) is a North American advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel supply chain, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services.

Led by a world-class nuclear engineering team, NANO Nuclear’s reactor products in development include the proprietary KRONOS MMR^™ Energy System, a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign, the ZEUS^™ system, a portable solid core battery reactor, and the space focused, portable LOKI MMR^™ system, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.

Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, bolstered by the May 2026 acquisition of Secured Transportation Services (STS), is led by former executives from the largest transportation company in the world and provides nuclear engineering and materials transport services in the U.S. and globally. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy.

HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.

NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear’s developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR^™ system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS’ initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon’s surface.

For more corporate information please visit: https://NanoNuclearEnergy.com/

For further NANO Nuclear information, please contact:

Email: IR@NANONuclearEnergy.com
Business Tel: (212) 634-9206

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Cautionary Note Regarding Forward Looking Statements

This news release and statements of NANO Nuclear’s management and collaborators in connection with this news release contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “explore,” “plans”, “aim,” “goal,” “believes”, “potential”, “future,” “will”, “should”, “could”, “would” or “may” or derivations of these words and other words of similar meaning about the future, although forward-looking statements could be denoted by other terms as well. In this press release, forward-looking statements include those relating to (i) the future anticipated closing of the asset purchase agreement with Radnostix described herein, which remains subject to significant conditions to closing, including NRC approval, and other conditions precedent and (ii) the anticipated potential benefits to NANO Nuclear of the assets to be acquired and its vertical integration strategy and other business plans. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to, risks associated with conditions to closing the asset purchase agreement, which may not be satisfied, including for reasons beyond NANO Nuclear’s control, as well as the following: (i) risks related to our U.S. Department of Energy (“DOE”), U.S. Nuclear Regulatory Commission (“NRC”), Canadian Nuclear Safety Commission (“CNSC”) or related state or other U.S. or non-U.S nuclear licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complementary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) risks related to our ability to obtain key vendor, technology and customer contracts and the significant funding necessary to execute on our business plan, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the U.S. Department of Energy, and the NRC, including those associated with the recently enacted ADVANCE Act and the May 23, 2025 Executive Orders seeking to streamline nuclear regulation, and (vi) similar risks and uncertainties associated with the operating a developing business a highly regulated, competitive and rapidly evolving industry, including that our plans may change and we may use our cash on hand faster or in different ways than anticipated as our business requires. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

Attachment

• NANO Nuclear Energy Inc.

VANCOUVER, Canada, Oct. 01, 2026 (GLOBE NEWSWIRE) — Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) (“Sonoro” or the “Company”) is pleased to announce assay results from an additional 26 drill holes completed at the Company’s flagship Cerro Caliche gold project in Sonora, Mexico. The Company has now completed 72 drill holes over 14,086.35 meters as part of an ongoing 50,000-meter campaign.

Results reflect over 4,100 meters of drilling completed at the recently acquired Diana concession as well as at the newly-identified mineralized zone at La Colorada demonstrating the project’s potential to host multiple gold mineralized zones across the property.

Highlights:

• SCR-378

• • 6.10m @ 2.261 g/t Au, including:
  • 3.05m @ 4.296 g/t Au

• SCR-386

• • 18.29m @ 1.239 g/t Au, including:
  • 3.05m @ 5.541 g/t Au

• SCR-387

• • 28.95m @ 2.598 g/t Au, including:
  • 13.72m @ 5.101 g/t Au

• SCR-391

• • 32.00m @ 1.846 g/t Au, including:
  • 4.57m @ 10.430 g/t Au

• SCR-396

• • 47.24m @ 1.552 g/t Au, including:
  • 6.10m @ 5.623 g/t Au

“The latest drilling results continue to demonstrate the significant potential for multiple gold mineralized zones at Cerro Caliche,” said Sonoro President & CEO Kenneth MacLeod. “Higher-grade intercepts, including higher-grade intervals within broader mineralized zones, from drilling completed at Diana validates our decision to expand the north extension of the project and supports our hypothesis that Cerro Caliche is likely part of a larger gold epithermal system, with district-scale potential. While we maintain our objective to develop an initial mining operation at Cerro Caliche, we also plan to continue investigating the recently acquired concessions where historical data indicates the potential for higher-grade gold mineralization.”

The map below illustrates the location of the drill holes.

Figure 1: Location Map of Drill Holes

Click here to view image

Diana Mineralized Area

A total of 14 reverse circulation (“RC”) drill holes were completed at the recently acquired Diana concession, located north of the project’s Rincón–Bellotoso mineralized zone. Multiple higher-grade intercepts confirmed the presence of shallow, higher-grade gold mineralization supporting the potential for Diana to be another significant mineralized zone. Assays from 10 of the 14 drill holes completed at Diana returned multiple intercepts over 1 gram of gold per tonne (“g/t Au”) over 1 meter (“m”).

Results from nine drill holes at Diana demonstrate gold mineralization extending southeast across the Bellotoso Plateau, which straddles the northern boundary of the project’s original property and the recently acquired northern concessions. Highlights include drill holes:

• SCR-386 intercepted 8.29m @ 1.239 g/t Au, including 3.05m @ 5.541 g/t Au

• SCR-387 intercepted 28.95m @ 2.598 g/t Au, including 13.72m @ 5.101 g/t Au

• SCR-391 intercepted 32m @ 1.846 g/t Au, including 4.57m @ 10.430 g/t Au

Other notable results were returned from drill holes:

• SCR-389 intercepted 15.24m @ 0.555 g/t Au, including 1.52m @ 3.520 g/t Au

• SCR-390 intercepted 44.19m @ 0.480 g/t Au, including 4.57m @ 1.210 g/t Au

• SCR-392 intercepted 30.48m @ 0.471 g/t Au, including 1.53m @ 3.284 g/t Au

Results from five drill holes completed to the west of Diana demonstrated gold mineralization which also extends northwest towards the historic workings of El Batamote mine.  Highlights include drill holes:

• SCR-396 intersected 47.24m @ 1.552 g/t Au, including 6.10m @ 5.623 g/t Au

• SCR-398 intercepted 56.39m @ 0.410 g/t Au including 3.05m @ 2.102 g/t Au

The map below illustrates the location of the drill holes completed at Diana.

Figure 2: Map of Drill Holes at Diana

Click here to view image

As previously disclosed, the Company acquired historical geological data from prior exploration completed at Diana and El Batamote, including rock and soil samples, drill logs and assay certificates. A detailed analysis of the historical data, together with extensive geological mapping and current drilling results, demonstrates the potential continuity of the project’s northwest-trending structural and rhyolite-hosted mineralized corridors into the recently acquired northern concessions.

Additional drilling is required to fully define the Diana mineralized zone as well as several mineralized structures identified across the northern extension.

La Colorada Mineralized Zone

A total of 12 RC drill holes were completed at La Colorada, a newly identified mineralized zone located in the central-western region of the property, approximately 300 meters to the west of where the Company proposes to develop an open-pit, heap leach mining operation as outlined in a Preliminary Economic Assessment (the “PEA”) filed April 24, 2026.

Drilling outlined a new northwest-trending mineralized zone characterized by rhyolitic dikes, structurally controlled breccias, multiple mineralized structures and numerous historical mine workings. The structural complexity of the area appears similar to nearby El Colorado zone, and drilling intercepted mineralized structures that are interpreted to be part of the same La Colorada structural system, including the previously identified Huevo de Oro splay.

Four drill holes at El Colorada returned intercepts over 1 g/t Au over 1 meter including SCR-378 which intercepted 6.10m @ 2.261 g/t Au, including 3.05m @ 4.296 g/t Au and SCR-384 which intercepted 4.57m @ 0.648 g/t Au, including 1.52m @ 1.404 g/t Au.

Drilling was also completed in the area between La Colorada and the footwall of the mineralized Guadalupe zone. This broad area is characterized by numerous small gold bearing quartz veins and prior surface mapping and sampling indicate additional mineralization potential.

Additional drilling is required to determine the continuity of mineralization as well as the interconnection of various mineralized structures.

The map below illustrates the location of the drill holes completed at La Colorada.

Figure 3: Map of Drill Holes at La Colorada

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Below are selected drill results containing interval grading of 1.0 g/t Au or greater.

Cerro Caliche Project, Holes Composites with Cut-off 0.13 g/t Au
Hole	Target		From	To		Interval	Au	Ag
			Meters				g/t	g/t
SCR-378	LA COLORADA		70.10	76.20	6.10		2.261	0.200
		includes	70.10	73.15	3.05		4.296	0.300
SCR-380	LA COLORADA		121.92	123.44	1.52		1.014	2.200
SCR-381	LA COLORADA		120.40	121.92	1.52		1.614	3.100
SCR-384	LA COLORADA		21.34	22.86	1.52		1.404	0.800
SCR-386	DIANA		15.24	33.53	18.29		1.239	0.700
		includes	24.38	27.43	3.05		5.541	0.900
SCR-387	DIANA		0.00	4.57	4.57		1.186	1.800
		includes	0.00	1.52	1.52		2.541	2.400
		and	25.91	54.86	28.95		2.598	1.400
		includes	35.05	48.77	13.72		5.101	2.300
SCR-389	DIANA		3.05	18.29	15.24		0.555	1.600
		includes	6.10	7.62	1.52		3.520	2.300
SCR-390	DIANA		6.10	50.29	44.19		0.480	2.000
		includes	7.62	9.14	1.52		1.869	15.300
		includes	36.58	42.67	4.57		1.210	1.400
SCR-391	DIANA		10.67	42.67	32.00		1.846	3.500
		includes	18.29	22.86	4.57		10.430	12.200
		includes	27.43	28.96	1.53		1.332	2.600
		includes	41.15	42.67	1.52		1.919	0.900
SCR-392	DIANA		0.00	30.48	30.48		0.471	0.800
		includes	1.52	3.05	1.53		3.284	2.200
SCR-393	DIANA		0.00	36.58	36.58		0.387	0.600
		includes	32.00	33.53	1.53		3.282	0.800
SCR-394	DIANA		7.62	39.62	32.00		0.380	0.600
		includes	15.24	16.76	1.52		1.877	0.150
SCR-396	DIANA		53.34	100.58	47.24		1.552	3.600
		includes	54.86	57.91	3.05		7.433	13.400
		includes	70.10	71.63	1.53		1.865	0.600
		includes	77.72	83.82	6.10		5.623	11.000
		includes	92.96	94.49	1.53		2.712	2.900
SCR-398	DIANA		0.00	56.39	56.39		0.410	0.500
		includes	19.81	22.86	3.05		2.102	0.900
		includes	36.58	38.10	1.52		1.144	1.200

The reported gold and silver grades are analytical results taken directly from assay certificates issued by Bureau Veritas and are reported uncut. The drill results presented herein are exploration results and do not constitute an updated mineral resource estimate. The results will be incorporated into the geological model and evaluated as part of a future mineral resource estimate update prepared in accordance with NI 43-101.

Mineralized intervals were composited using a nominal reporting cut-off grade of 0.13 g/t Au. This reporting criterion is used solely to present the continuity of the intercepted mineralization and does not represent a new mineral resource estimate or an assessment of economic viability.

True widths are estimated to represent approximately 60% to 90% of the reported drilled interval lengths. Drill holes were completed at inclinations of –45° and were oriented to intersect the mineralized structures as close to perpendicular as practicable. The mineralized structures generally have steep dips approaching vertical.

Drill collar locations, azimuths and dips for the drill holes included are provided in the table below.

Drill Collar Locations (NAD 1927 UTM Zone 12N)
Hole ID	Zone	East	North	Elevation	Depth	Az	Dip
SCR-374	La Colorada	535,567	3,365,167	1,321	121.92	255	-45
SCR-375	La Colorada	535,493	3,365,290	1,338	103.63	288	-45
SCR-376	La Colorada	535,503	3,365,284	1,338	109.73	235	-45
SCR-377	La Colorada	535,605	3,365,308	1,351	207.26	125	-45
SCR-378	La Colorada	535,511	3,365,423	1,260	134.11	265	-45
SCR-379	La Colorada	535,602	3,365,438	1,269	158.50	275	-45
SCR-380	La Colorada	535,605	3,365,311	1,351	249.94	285	-45
SCR-381	La Colorada	535,446	3,365,353	1,305	164.59	285	-45
SCR-382	La Colorada	535,417	3,365,498	1,253	164.59	160	-45
SCR-383	La Colorada	535,536	3,365,241	1,365	201.17	305	-45
SCR-384	La Colorada	535,631	3,364,936	1,223	152.40	255	-45
SCR-385	La Colorada	535,730	3,364,970	1,245	121.92	235	-45
SCR-386	Diana	537,135	3,367,930	1,480	76.20	50	-45
SCR-387	Diana	537,166	3,367,909	1,488	82.30	50	-45
SCR-388	Diana	537,176	3,367,996	1,496	79.25	50	-45
SCR-389	Diana	537,205	3,367,996	1,498	10.67	50	-45
SCR-389a	Diana	537,200	3,367,992	1,498	88.39	50	-45
SCR-390	Diana	537,176	3,367,994	1,496	79.25	230	-45
SCR-391	Diana	537,259	3,367,971	1,491	85.34	230	-45
SCR-392	Diana	537,186	3,367,935	1,490	76.20	50	-45
SCR-393	Diana	537,232	3,367,859	1,466	249.94	50	-45
SCR-394	Diana	536,697	3,368,037	1,415	176.78	230	-45
SCR-395	Diana	536,979	3,367,958	1,445	249.94	230	-45
SCR-396	Diana	536,792	3,368,169	1,434	365.76	230	-45
SCR-397	Diana	536,632	3,368,024	1,411	368.81	230	-45
SCR-398	Diana	536,770	3,367,969	1,435	262.13	230	-45

Quality Assurance/Quality Control (QA/QC) Measures and Analytical Procedures

Drill samples are collected through an airstream cyclone and passed through a sample splitter three consecutive times to improve sample homogeneity. A representative split comprising approximately 40% of each sample is then placed in a bag, identified, sealed, and sent to the laboratory. As part of the quality assurance and quality control (QA/QC) program, blanks, certified reference materials (standards), and duplicate samples are systematically inserted into the sample stream.

Personnel from either Sonoro Gold Corp. or Bureau Veritas (BV) collect the samples directly from the drill site and transport them to BV’s sample preparation laboratory in Hermosillo, Sonora. At the laboratory, the entire sample received is crushed, and an approximate 250-gram split is obtained and pulverized.

Approximately 90 grams of each pulverized sample are separated and sent to BV’s laboratories in Hermosillo, Sonora, or Reno, Nevada. A 30-gram aliquot of this material is analyzed for gold using fire assay with an atomic absorption finish. Additionally, an approximate 10-gram aliquot of each pulverized sample is sent to BV’s laboratory in Vancouver, Canada, where it undergoes aqua regia digestion followed by multi-element ICP analysis, including silver.

A review of the inserted control-sample results identified no significant QA/QC issues with the analytical results received from the laboratories involved.

Qualified Person Statement
Stephen Kenwood, P.Geo., an Independent Director of Sonoro, is a Qualified Person within the context of National Instrument 43-101 (NI 43-101) and has read and approved this news release.

About Sonoro Gold Corp.
Sonoro Gold Corp. is a publicly listed exploration and development Company holding the near-development-stage Cerro Caliche project and the exploration-stage San Marcial project in Sonora State, Mexico. The Company has highly experienced operational and management teams with proven track records for the discovery and development of natural resource deposits.

To keep up-to-date on Sonoro’s developments, please join our online communities on X, Facebook, LinkedIn, Instagram, and YouTube and visit Sonoro’s website and subscribe to receive the latest news and updates delivered straight to your inbox.

On behalf of the Board of Sonoro Gold Corp.
Per:  Kenneth MacLeod”
          Kenneth MacLeod
          President & CEO

For further information, please contact: 
Sonoro Gold Corp. – Tel: (604) 632-1764
Email: info@sonorogold.com

Forward-Looking Statement Cautions:
This press release may contain “forward-looking information” as defined in applicable Canadian securities legislation. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the Cerro Caliche project, and future plans and objectives of the Company, constitute forward looking information that involve various risks and uncertainties, including statements regarding completion of an updated preliminary economic assessment of the Cerro Caliche Gold project.. Although the Company believes that such statements are reasonable based on current circumstances, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “aims”, “potential”, “goal”, “objective”, “prospective” and similar expressions, or that events or conditions “will”, “would”, “may”, “can”, “could” or “should” occur, or are those statements, which, by their nature, refer to future events.  The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made and they involve a number of risks and uncertainties, including the possibility of unfavorable exploration and test results, the lack of sufficient future financing to carry out exploration and development plans and unanticipated changes in the legal, regulatory and permitting requirements for the Company’s exploration programs.  There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law or the policies of the TSX Venture Exchange. Readers are encouraged to review the Company’s complete public disclosure record on SEDAR at www.sedar.com.

This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act”

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.