• U-pgradeTM Pilot Plant optimization ongoing, results expected in August 2026
• Koppies Uranium Project resource increased to 76.2 Mlb U3O8
• Marenica Uranium Project resource grade doubled to 185 ppm U3O8

Elevate Uranium Ltd has provided an update on its key activities during the March 2026 quarter. The company continued operation of its U-pgradeTM Pilot/Demonstration Plant, with the in-country management team strengthened to improve performance and optimize the circuit. The company now anticipates releasing pilot plant results in August 2026. The Koppies Uranium Project resource base was increased to 76.2 Mlb U3O8 at an average 186 ppm U3O8, following the estimation of a maiden mineral resource at the Namib IV prospect. At the Marenica Uranium Project, the mineral resource grade was doubled to 185 ppm U3O8 for 40.2 Mlb U3O8. Infill drilling programs commenced to expand the resource footprint and upgrade inferred resources to indicated category. Exploration activities in Namibia included 788 holes for 27,851 metres drilled across the company's projects. The company has cash holdings of $34 million to fund its activities.