Adelayde Exploration Initiates First Drilling Campaign at Clayton Ridge Gold Project with Titan Drilling in Nevada

Adelayde Launches First Drilling Program at Clayton Ridge Gold Project

Adelayde Exploration has formalized its initial drilling program at the Clayton Ridge Gold Project by signing a drilling services agreement with Titan Drilling Ltd. The company describes Clayton Ridge as an under-explored 248-acre property situated in Esmeralda County, Nevada, a region with a rich history of gold exploration and production. The start of drilling marks a significant milestone in advancing this asset.

Drilling operations are expected to begin shortly following contract execution, aligning with the favorable summer and early fall weather conditions in Nevada that support fieldwork. James Nelson, President of Adelayde, highlighted the drill program as a key step forward, underscoring its strategic importance in unlocking the property's exploration potential.

Fully Funded Exploration Portfolio Extending Through 2026

Adelayde confirmed it has adequate capital to aggressively pursue multiple exploration programs across its portfolio through the second half of 2026. Beyond the Clayton Ridge gold project, the company’s activities include antimony and tungsten projects in New Brunswick, demonstrating a diversified and geographically varied exploration strategy.

This full funding status is significant for investors, as it enables uninterrupted execution of planned work without the need for immediate capital raises, thereby avoiding dilution. This financial strength sets Adelayde apart from many exploration-stage companies facing capital constraints.

Upcoming Results from Lake George Antimony Project

Adelayde anticipates receiving exploration data from its Lake George Antimony Project in New Brunswick soon. Also known as the George Lake South antimony project, this 4,722-acre property’s pending data likely includes geochemical assays, geological mapping, or other technical analyses that will inform the company’s evaluation of mineralization potential.

The timing of these results alongside the Clayton Ridge drilling commencement positions Adelayde to deliver multiple data updates from its exploration programs in the near term, offering insights into its antimony assets and potential development opportunities.

Strategic Focus on Critical Defense Metals Amid Global Supply Challenges

Adelayde’s portfolio features exposure to two vital defense metals: antimony and tungsten. The company emphasizes the strategic significance of these commodities amid global supply chain disruptions, geopolitical tensions, and rising demand for secure North American sources of critical materials. This focus aligns with broader market trends and government priorities concerning supply chain security for minerals essential to defense and advanced manufacturing.

With its antimony and tungsten projects located in New Brunswick, Canada, Adelayde benefits from jurisdictional stability, which may appeal to investors and policymakers prioritizing secure sourcing outside of adversarial regions. This North American sourcing strategy addresses geopolitical risks and regulatory interests in domestic and allied mineral production.

Diversified Asset Base Including Nevada Lithium and Base Metals

In addition to gold and antimony, Adelayde’s portfolio includes three lithium projects in Clayton Valley, Nevada. The McGee lithium clay deposit covers 1,136 acres and holds a published mineral resource estimate of 320 million tonnes at 803 ppm lithium, equating to 1,369,000 indicated tonnes of lithium carbonate equivalent (LCE), plus 157 million tonnes at 865 ppm lithium for 723,000 inferred tonnes of LCE. The McGee project borders properties owned by SLB (formerly Schlumberger) and Century Lithium Corp., situating it within an active lithium exploration district.

Additional Nevada assets include the 280-acre Elon lithium brine project, granting access to deep sections of North America’s only lithium brine basin in active production, and the 124-acre Green Clay lithium project. These lithium holdings diversify Adelayde’s commodity exposure and position it to benefit from growing lithium demand in battery and energy storage markets. The 9,780-acre Sisson North tungsten project in New Brunswick adds a third defense-related commodity to the portfolio alongside antimony.

Management Highlights Robust Exploration Pipeline and Market Potential

James Nelson, President of Adelayde, emphasized the company’s strong position to conduct exploration across multiple commodities and regions. He highlighted the company’s solid capital base, diverse project portfolio, and anticipated high level of exploration activity through 2026. Nelson also stressed the strategic importance of the antimony and tungsten projects amid tightening supply and geopolitical risks.

Management’s commentary suggests that Adelayde views its multi-commodity, multi-jurisdiction approach as a competitive advantage. The expectation of frequent updates as exploration progresses indicates ongoing news flow, providing investors with regular opportunities to evaluate the company’s advancement.

Qualified Person Oversight and Compliance with Technical Disclosure Standards

The technical content of the announcement was reviewed and approved by Frank Bain, PGeo., a director of Adelayde and a qualified person under National Instrument 43-101, ensuring compliance with Canadian securities regulations governing mineral project disclosures. This review guarantees that technical statements and resource estimates meet professional and regulatory standards.

Qualified person involvement is standard for Canadian mineral exploration companies and provides investor assurance regarding the accuracy and reliability of technical information. The McGee lithium project resource estimates and other technical details have undergone this rigorous review.

Geographic and Commodity Diversification Strategy Enhances Risk Management

Adelayde’s strategy encompasses three geographic regions—Nevada for lithium and gold, and New Brunswick for antimony and tungsten—and three key commodities with distinct market dynamics and industrial uses. This diversification may appeal to investors seeking exposure to multiple commodity cycles and geopolitical risk mitigation within a single company.

Managing multiple projects simultaneously requires disciplined capital allocation and operational oversight. The company’s full funding through late 2026 and engagement of professional drilling contractors indicate a coordinated exploration approach rather than a sole focus on a flagship asset, potentially generating diverse exploration data and news catalysts in coming months.

Regulatory Listings and Forward-Looking Statements

Adelayde trades on the Canadian Securities Exchange (CSE) under the ticker ADDY and holds listings on the Over-the-Counter (OTCID: SPMTF) and German (WKN: A41AGV) markets. The announcement was disseminated via Newsfile Corp., a standard Canadian public company news distribution platform. The company notes that the CSE neither approves nor disapproves the release content, consistent with Canadian regulatory norms.

The release contains forward-looking statements qualified by customary cautionary language. Adelayde disclaims any obligation to update these statements except as legally required. Investors should recognize that forward-looking information regarding drilling commencement, expected results, and future exploration carries risks and uncertainties that may cause actual outcomes to differ materially.