North Atlantic Titanium Corp. Submits Drilling Permit Applications for 25,000-Metre, Three-Year Program at Everett Titanium-Vanadium-Phosphate Project in Québec

Drilling Permit Applications Submitted for Everett Oxide Body Campaign

North Atlantic Titanium Corp. revealed that its Québec environmental consultants have confirmed the complete submission of two permit applications to the relevant Québec regulatory bodies. The PAF addresses forestry access for the drilling program, while the ATI governs the diamond drilling operations. Both permits were filed jointly on behalf of Romaine River Titanium Inc. and North Atlantic Titanium, consistent with the option agreement under which the company holds the property.

The company holds the 2,406-hectare Everett property under option from Romaine River Titanium Inc. Located near Havre-Saint-Pierre, Québec, the project features a 2.5-kilometre surface exposure of the Everett Oxide Body. Filing these permits marks the start of the regulatory process required before drilling can commence.

Details of the Three-Year Diamond Drilling Program

The planned diamond drilling campaign totals approximately 25,000 metres across 20 drill pads, with drilling depths anticipated to remain below 350 metres as outlined in the ATI application submitted to Québec authorities. The program is designed in success-dependent stages, with subsequent drilling phases contingent on positive results from earlier work.

The focus is to confirm historical diamond drilling results from 1951 and 1968 in the northern Everett Oxide Body area, supporting the development of a future mineral resource estimate. Drill sites will be accessed primarily via trails prepared during forestry activities under the PAF permit, minimizing the need for new trail construction.

Minimal Environmental Impact and Use of Historical Trails

The company emphasizes minimal forest disturbance by utilizing and brushing out existing historical drill trails rather than creating new ones. This approach will connect the northern and southern parts of the 2.5-kilometre surface exposure, enabling comprehensive exploration across the mineralized zone.

Utilizing pre-existing trails is a key design element that reduces the forestry footprint and supports the PAF application. The ATI permit specifically covers the drilling campaign, while the PAF addresses forestry access. Both permits have been fully filed, confirmed by the company’s Québec environmental consultants.

CEO Remarks on Critical Minerals Focus and Program Timeline

CEO Dwayne Yaretz stated: "Metallurgical results from the ongoing Elements08 testing reinforce our strategy to develop a secure, domestic critical minerals processing supply chain in Canada—supporting defense readiness and reshoring Western titanium metal production. Work under this ATI permit will define our technical program and follow-up drilling over the next 18 to 24 months."

His comments position the Everett drilling program within the broader context of Canadian critical minerals development and the strategic goal of establishing domestic titanium processing capabilities. The 18- to 24-month timeline outlines the company’s near-term operational focus. No additional guidance on production schedules, resource estimates, or financial targets was provided.

Elements08 Metallurgical Testing and Québec Government Support

The announcement highlights the Elements08 collaboration, joined by North Atlantic Titanium and Romaine River on March 31, 2026. The program involves Centre technologique des résidus industriels (CTRI), Impact Global Solutions (IGS), and Corem, managed by the Elements08 Strategic Metals Excellence Centre. It is partially funded by the Government of Québec.

Metallurgical testing under this initiative pertains to the Everett project and was ongoing as of the July 14, 2026 announcement. While specific test results were not disclosed, the CEO referenced these results as informing the company’s strategic direction. The involvement of multiple technical organizations and government support underscores the comprehensive approach to project development.

Everett Project: Targeting Titanium, Vanadium, and Phosphate Resources

North Atlantic Titanium Corp. is focused on advancing the Everett titanium-vanadium project in Québec, aiming to produce high-quality titanium feedstocks with potential vanadium and phosphate co-products. The Everett Titanium-Vanadium-Phosphate project reflects the multi-commodity nature of the mineralization near Havre-Saint-Pierre.

The 2,406-hectare Everett property is held under option from Romaine River Titanium Inc. The company’s drilling program seeks to establish a mineral resource estimate to support further studies. No existing resource figures, economic assessments, or production forecasts were disclosed. The business model centers on critical minerals feedstock production, highlighting vanadium and phosphate as potential co-products alongside titanium.

Additional Asset: Sleeping Giant South Project in Abitibi

Besides Everett, North Atlantic Titanium holds a 100% interest in the Sleeping Giant South project, located in the Abitibi greenstone belt about 75 kilometres south of Matagami, Québec. No updates on operations, drilling plans, or resources for Sleeping Giant South were included in this announcement.

This inclusion indicates the company’s two-project portfolio in Québec, with Everett as the current development focus. No financial details or capital expenditure estimates for either project were provided.

Regulatory Process: Confirmation of PAF and ATI Filings

The company confirmed that the PAF and ATI permit applications have been fully filed, as verified by Québec environmental consultants. The PAF covers forestry activities for drill site access, while the ATI pertains specifically to drilling operations. The announcement did not specify expected timelines for regulatory review or approval.

Filing separate permits for forestry access and drilling impact aligns with Québec’s regulatory framework for exploration projects. The use of local environmental consultants to manage and confirm filings reflects the company’s compliance approach. No additional regulatory details or conditions were disclosed.

Corporate Profile and Multi-Exchange Listings

North Atlantic Titanium Corp. trades on the Canadian Securities Exchange (CSE) under ticker NATO, on the OTCQB marketplace as NATQ.F, and on the Frankfurt Stock Exchange as Y33. Headquartered in Vancouver, British Columbia, the July 14, 2026 announcement was issued from this location. The multi-exchange presence provides access to Canadian, U.S., and European investors.

The company’s focus on titanium and vanadium as critical minerals aligns with growing strategic supply chain priorities in Canada and allied countries, as emphasized by the CEO’s remarks about defense readiness and reshoring Western titanium production. These strategic themes underpin the rationale for advancing the Everett project. No financial results, revenue figures, or balance sheet information were disclosed in this release.