MOU signed with Arlington to access U.S. Funding for Mt Edon

• Signed non-exclusive MOU with Arlington Innovation Partners to pursue non-dilutive U.S. government financing and offtake partnerships
• Mt Edon hosts a JORC-compliant Inferred Mineral Resource of 3.6Mt at 0.22% Rb2O and 0.07% Li2O
• Rubidium is a critical mineral deemed essential to the U.S. economy and vulnerable to supply chain disruptions

Everest Metals Corporation Ltd (ASX: EMC) has signed a non-exclusive Memorandum of Understanding (MOU) with Arlington Innovation Partners LLC ('AIP' or 'Arlington'), a Washington D.C. based company that specialises in advancing critical & strategic mineral supply chains for U.S. Protected Markets. The MOU establishes a framework for collaboration between EMC and AIP to identify and introduce alternative non-dilutive U.S. government related funding solutions and U.S. based 3rd party offtake partners to assist in the development of the Mt Edon Critical Minerals Project ('Mt Edon'), located in Western Australia. Mt Edon hosts a JORC-compliant Inferred Mineral Resource of 3.6 million tonnes grading 0.22% Rb2O, and 0.07% Li2O, including a high-grade subset of 1.3Mt at 0.33% Rb2O and 0.07% Li2O. Rubidium is a critical mineral under the U.S. Critical Minerals List and is deemed essential to the U.S. economy due to applications within the U.S. defense and oil & gas sectors, and is vulnerable to strategic critical global supply chain disruptions. The MOU leverages Arlington's expertise to navigate the Export-Import Bank of the United States (EXIM)'s financing programs, notably the Supply Chain Resiliency Initiative (SCRI) and China and Transformational Exports Program (CTEP), which provide loans, guarantees, and insurance to support critical minerals projects that enhance U.S. supply chain security.

EMC is advancing the Mt Edon project with a clear roadmap, including ongoing research and IP development, a 2,500m drilling program to upgrade resources, and plans for a resource upgrade and pilot plant construction in 2026.