An anonymous director reports

NVRO METALS HIGHLIGHTS INVESTMENT POTENTIAL OF THE NVRO METALS HUB FOLLOWING INDEPENDENT 77.6 MILLION-TONNE MINERAL RESOURCE ESTIMATE

NVRO Metals Ltd. has provided investors with additional context regarding the strategic significance of the recently announced independent National Instrument 43-101 mineral resource estimate (MRE) for the NVRO Metals Hub in Australia's Northern Territory.

The independent MRE confirmed a combined mineral resource of approximately 77.6 million tonnes grading 1.69 per cent copper equivalent across oxide and sulphide domains containing copper, cobalt, nickel, lead, zinc and silver. Importantly, more than 94 per cent of the resource is classified as measured or indicated, providing a high degree of confidence in the scale and quality of the resource base.

Investment highlights of the NVRO Metals Hub

Near-term production and cash flow

The oxide resource of approximately 15.9 million tonnes provides the foundation for the company's planned phase 1 restart strategy. Leveraging existing hydrometallurgical processing infrastructure at the NVRO Metals Hub, NVRO Metals intends to produce copper cathode together with cobalt and nickel products, creating a pathway toward near-term production and operating cash flow. First production is currently targeted for late 2027.

Long-term critical minerals development

The sulphide resource contains approximately 61.7 million tonnes grading 1.86 per cent copper equivalent and hosts substantial inventories of critical and industrial metals, including those shown in the attached table.

Management believes the scale and diversity of this resource provides significant long-term development potential and exposure to growing global demand for critical minerals.

Technology validation and commercialization of the NVRO Process

The sulphide resource also provides a commercial-scale opportunity to demonstrate and deploy the company's proprietary NVRO Process. The company believes the NVRO Metals Hub will serve as a platform to validate the technology at industrial scale while supporting future commercial opportunities, customer projects and technology licensing initiatives.

Building a critical minerals processing platform

Management believes the strategic significance of the NVRO Metals Hub extends well beyond the development of a conventional mining project.

Located approximately 110 kilometres (68.3 miles) from the Port of Darwin, the hub combines a large independently verified mineral resource, existing processing infrastructure and proprietary technology within a single integrated platform. The company's long-term vision is to establish the NVRO Metals Hub as a centralized critical minerals processing centre capable of processing both company-owned resources and third party feedstocks while accelerating deployment of the NVRO Process.

"This resource estimate validates much more than a mineral deposit," said Grant Freeman, chief executive officer of the company. "It provides the foundation for our broader strategy of combining near-term production, processing infrastructure and proprietary technology deployment within a single integrated platform. We believe the NVRO Metals Hub positions NVRO Metals to become an important participant in the global critical minerals supply chain."

About NVRO Metals Ltd.

NVRO Metals is a mineral process technology company focused on the recovery of precious and critical metals from mine waste, tailings and complex sulphidic materials. Through its proprietary NVRO Process, centralized processing infrastructure and commercial deployment strategy, the company is building a scalable critical minerals production, processing and recovery platform supporting global supply chain security.

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