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Vancouver, British Columbia – TheNewswire - September 22, 2026 – North Atlantic Titanium Corp. (CSE: NATO) (OTCQB: NATQ.F) (FSE: Y33) (“North Atlantic Titanium” or the “Company”) is pleased to announce that it has received drilling permits for its exploration program at the Company's Everett Titanium-Vanadium-Phosphate project , Havre-Saint-Pierre, Québec.
The Company holds the 2,406-ha Everett property (the “Property ”) under Option from Romaine River Titanium Inc. (“Romaine River”).
The Company has received confirmation from Québec’s Ministère des Ressources naturelles et des Forêts (MRNF) Québec, that the following has now been approved on behalf of Romaine River and the Company:
The Company’s diamond drilling plans focus on confirming the 1951 and 1968 diamond drilling in the northern area of the exposed Everett Oxide Body, totalling approximately 25,000 m across 20 drill pads, to be completed within 3 years. The plan submitted for the PAF and ATI is described as follows:
Forest impacts are minimal because the Company is mostly brushing out historical drill trails for access. The work, when completed, will provide access to both the north and south areas of the 2.5-km-long exposure of the Everett Oxide Body.
Diamond drilling in success-contingent stages to test the northern area of the Everett Oxide Body, leading to a mineral resource estimate (MRE).
Drilling depths are expected to be mostly less than 350 m.
All drilling sites are planned to be accessed via the trails prepared under this year’s forestry permit.
Highlights:
Rather than being a direct analogue of the nearby massive hemo-ilmenite orebody at the Lac Tio Mine, the Everett Oxide Body is being drill-tested not only for its TiO₂ content, but also for its low Mg/Mn/Al/Cr hemo-ilmenite, apatite as a potential phosphate coproduct, and vanadium—with potential scandium credits—as opportunities for process enhancement and future by-product recovery. The project therefore represents a broader Fe–Ti–V–P critical-minerals opportunity than that of a conventional titanium orebody.
A compelling mineralogical characterization of the Everett metallurgical samples by Corem (Consortium de recherche en traitement de mineral), combined with recent verification work by North Atlantic Titanium Corp. ( NATO ) of historical sampling, has focused our drilling program on the northern portion of the Everett oxide body, comprising 25,000 m of drilling between drilling sections 9N and 19N.
Corem analyzed a composite metallurgical sample from 17 sites across the Everett oxide body and reported that approximately 99% of oxide minerals in the composite consist of high-quality hemo-ilmenite, characterized by very low magnesium, manganese, aluminum and undetectable chromium impurities.
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Figure 1. Everett Oxide Body – Layout of Drilling Sections 9N to 19N
The Oxide Body is open down-dip Eastward and along strike to the North.
The Corem composite metallurgical sample contained massive Ti-Oxide mineralization grading.
37.0% Fe₂O₃, 17.4% TiO₂, 0.18% V₂O₅ and 2.27% P₂O₅
Drilling Target Description – Targeting Simple Mineralogy
The mineralized unit on the Property is an oxide-apatite-gabbronorite (Unit 7, Figure 2). Unit 7 is extensive, spanning more than 6 km of strike length on the Property. The main area of historical sampling and drilling within Unit 7 is outlined and designated the Everett Oxide Body. The Oxide Body remains open along strike to the north and south and down-dip beyond its 2.5 km surface expression.
Corem completed mineralogical characterization of a composite sample set (Col154) from the Everett Property (see Figure 1). The Col154 composite was prepared from a subset of 57 metallurgical samples submitted by Romaine River to the Elements08 program and spans the entire Oxide Body. The selected sample had a weighted-average head grade measured by Corem of 37.0% Fe₂O₃, 17.4% TiO₂, 0.18% V₂O₅ and 2.27% P₂O₅, with a Satmagan measurement of magnetite averaging a very low 0.9% in the head sample. Importantly, Corem results indicate that over 99% of the oxides in the composite sample are hemo-ilmenite (FeTiO₃). Together, the hemo-ilmenite and apatite comprise over 50% of the sample.
Regional Setting of the Everett Oxide Body
Drilling and evaluation of the Everett are informed by the geology and mineralization of the Grenville Province of eastern Québec, which hosts several major Proterozoic anorthosite–mangerite–charnockite–granite (AMCG) magmatic systems and associated deposits of iron, titanium and phosphorus. The Everett and the nearby Lac Tio deposit are hosted by the Lac Allard Anorthosite intrusion, emplaced at approximately 1.06 Ga. The Lac Allard Anorthosite is a younger intrusion within the broader Havre-Saint-Pierre anorthosite complex, which is 1.13 Ga in age (see Figure 2).
Lac Tio Deposit is the world's largest hard-rock ilmenite deposit; it contained more than 200 Mt pre-mining, with grades over 60 wt.% hemo-ilmenite (FeTiO3). Rio Tinto’s Québec titanium dioxide operation supplies approximately 19% of global titanium dioxide feedstock demand, sourcing from the Lac Tio open pit and processing the material at the Sorel-Tracy metallurgical complex.
Everett Oxide Body lies only 3 Km from the Lac Tio Mine. The Unit 7 gabbronorite of Everett occurs within the Lac Allard Anorthosite. Perreault (2001) states that the Everett mineralization is associated with a jotunite (gabbronorite) band about 3 km long and up to 300 m thick, composed of ilmenite, hematite, magnetite, and apatite, with plagioclase and orthopyroxene. Locally, oxides and apatite may make up as much as 50% of the rock. The Corem analysis confirms this petrography.
Lac Tio and Everett are both characterized by dominant hemo-ilmenite mineralization. However:
Lac Tio is a massive hemo-ilmenite cumulate representing an extreme oxide accumulation within the Lac Allard magmatic system, formed by multiple pulses of magma;
Everett is hosted by a layered intrusion with an uncommon jotunite affinity, termed an oxide-apatite-gabbronorite, and shows evidence of higher volatile contents, such as phosphorus (apatite), and semi-massive hemo-ilmenite with significantly lower Mg, Mn, Cr and Al than Lac Tio.
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Figure 2 – Regional Geology of Everett and Rio Tinto’s Lac Tio Mine
The relatively low MgO values observed in the Everett oxide mineralization are consistent with an evolved magmatic differentiation model and distinguish the Everett system chemically from classical anorthosite-hosted Fe–Ti deposits. Rather than being a direct analogue of the nearby massive hemo-ilmenite orebody at the Lac Tio Mine, the Everett Oxide Body is being drill-tested for its distinctive multi-commodity mineral assemblage. The Everett is shown in the Corem testing to have a possible low-Mg/Cr hemo-ilmenite concentrate, with potential coproducts of apatite (phosphorus) and vanadium. The project therefore represents a broader Fe–Ti–V-P critical-minerals opportunity than a conventional titanium orebody.
Dwayne Yaretz, CEO of NATO, stated :
“Metallurgical results reinforce the Company’s strategy to advance a secure, domestic critical minerals processing supply chain in Canada—supporting defence readiness and the reshoring of Western titanium metal production. Our Stage 1 Program will define our technical program, and follow-up drilling and metallurgical testing over the next 18 to 24 months is designed to confirm a path towards a long-term supply of synthetic rutile for end producers of titanium metal.”
About Elements08
On March 31, 2026, the Company joined Romaine River in its collaboration with the Centre technologique des résidus industriels (CTRI), Impact Global Solutions (IGS), and Corem (the “Program”) to support metallurgical testing at the Everett project in Québec. The Program is managed by the Elements08 Strategic Metals Excellence Centre (“Elements08”) and funded by the Government of Québec.
Corem is a Québec City-based, non-profit applied research centre specializing in mineral processing, extractive metallurgy, and mineral characterization. It operates as a member-driven consortium, collaborating with mining companies, government agencies, and equipment suppliers. Corem is one of Canada’s leading independent mineral-processing laboratories.
About North Atlantic Titanium Corp.
North Atlantic Titanium Corp. is focused on developing the Everett titanium-vanadium project in Québec, targeting the production of high-quality titanium feedstocks with potential value-added vanadium and phosphate coproducts. The Company also holds a 100-per-cent interest in the Sleeping Giant South project, located in the Abitibi greenstone belt, approximately 75 kilometres south of Matagami, Que.
For more information, please visit our website at www.natitanium.com .
Qualified Person
Julien Davy, P.Geo., M.Sc., MBA, independent consultant, a Qualified Person under National Instrument 43-101 on standards of disclosure for mineral projects, has approved the technical information about the Everett Property in this news release.
ON BEHALF OF THE BOARD OF DIRECTORS
Dwayne Yaretz, CEO
North Atlantic Titanium Corp.
Phone: 778-709-3398
Email: info@natitanium.com
Website: www.natitanium.com
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This news release contains certain statements which constitute forward-looking statements or information under applicable Canadian securities laws. Such forward-looking statements are subject to numerous known and unknown risks, uncertainties and other factors, some of which are beyond North Atlantic Titanium’s control, which could cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. These risks and uncertainties include general economic and capital markets conditions, as well as stock market volatility. Although North Atlantic Titanium believes that the forward-looking statements in this news release are reasonable, they are based on factors and assumptions, based on currently available information, concerning future events, which may prove to be inaccurate. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future plans, operations, results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, North Atlantic Titanium does not undertake any obligation to publicly update or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise.
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