• Negotiations with Xinhai Mining Services progressing, with sharp uplift in tantalum pricing
• Integration of exploration results at Kum-Kum Polymetallic Project nearing completion
• Received initial payment from Kaoko Metals for Karibib Copper-Gold-Tungsten Project
• Ongoing test work for Bitterwasser Lithium Clays and Brines Project
• No mining production activities expenditure during the quarter

Arcadia Minerals Ltd has released its quarterly activities report for the period ended 30 June 2026. Key highlights include ongoing negotiations for a definitive agreement with Hongkong Xinhai Mining Services for the Swanson Tantalum Mine, supported by a sharp increase in tantalum prices. Arcadia is also engaging with European Development Finance Institutions and strategic partners under the EU Global Gateway initiative. The TVC Kum-Kum Polymetallic Project has integrated exploration results, confirming prospectivity for critical minerals. Arcadia received an initial payment of A$150,000 from Kaoko Metals for the Karibib Copper-Gold-Tungsten Project, which is progressing with planned scout drilling. The Bitterwasser Lithium Project remains in good standing, with ongoing test work to resolve assay inconsistencies. Arcadia spent $36k on exploration and development activities during the quarter.