NovaRed Mining Enhances Advisory Board with Lee Evan Caplin to Propel MetalCore AI and Critical Minerals Exploration

Lee Evan Caplin’s Extensive Professional Experience

Lee Evan Caplin is an entrepreneur, attorney, media executive, and educator with more than 40 years of experience in intellectual property, technology commercialization, strategic partnerships, and emerging-media ventures. His career consistently emphasizes supporting and growing innovative technology companies across diverse sectors.

Notably, Caplin served as CEO of Starium Inc., an encryption technology startup, and is Founder and Chairman of Picture Entertainment Corporation. He co-founded the predecessor to Penske Media Corporation, which owns major brands such as Variety and Rolling Stone. His entertainment credentials include executive producing Sony Pictures’ Academy Award-nominated film Ali and producing HBO’s Emmy-winning series True Detective. Additionally, Caplin authored the international bestseller The Business of Art, establishing him as a thought leader at the intersection of commerce and creative industries.

Education and Philanthropic Initiatives in Technology and Media

Caplin is a committed advocate for media and technology education. His landmark $10 million philanthropic gift established the Lee Caplin School of Journalism & Media at Florida International University (FIU), one of the largest contributions to journalism and media education within Florida's State University System. This donation underscores his dedication to advancing communication and technology education.

Beyond FIU, Caplin founded the iSTAR initiative within FIU’s College of Communication, Architecture & The Arts (CARTA), focusing on immersive technologies, virtual and augmented reality, extended reality, and next-generation media training. He also was a Founding Faculty member at California State University, Monterey Bay, collaborating with playwright Luis Valdez to create the university’s pioneering cinematic arts and technology program. These efforts demonstrate his long-term commitment to nurturing talent and infrastructure in emerging technology fields.

Leadership at iSTAR Enterprises and Immersive Technology Focus

Currently, Caplin chairs iSTAR Enterprises, LLC, the entity behind FIU’s Immersive Studio for Altered Reality (iSTAR). This leadership role places him at the forefront of immersive and emerging media technologies with expanding applications across industries, including resource exploration and visualization.

His involvement with iSTAR complements NovaRed’s objective to apply artificial intelligence, machine learning, and computer vision in mineral exploration and geological interpretation—fields where advanced visualization and data analytics are increasingly vital.

MetalCore AI Platform and Strategic Technology Integration

NovaRed is developing its MetalCore AI platform to harness artificial intelligence, machine learning, computer vision, and predictive analytics to enhance mineral exploration, geological analysis, and resource development. The company aims to improve identification and development of mineral properties through these advanced technologies.

The company is actively pursuing strategic technology partnerships and complementary acquisitions to build AI-powered mining solutions. Its strategy includes identifying, acquiring, exploring, and developing copper-gold porphyry projects in British Columbia, leveraging AI-enhanced geospatial technology to evaluate prospective mineral properties. Caplin’s Advisory Board role is expected to support advancing this strategy through his expertise in technology commercialization and strategic alliances.

Wilmac Copper-Gold Project and British Columbia Exploration

NovaRed’s Wilmac copper-gold project, under option, covers 16,078 hectares within the Quesnel porphyry belt in the Similkameen Mining Division, southwest of Princeton and roughly 10 kilometres west of Hudbay Minerals Inc.’s producing Copper Mountain Mine. Wilmac serves as NovaRed’s main exploration focus in British Columbia and as a testing ground for its AI-enhanced geospatial platform.

The company includes a cautionary note clarifying that mineralization on nearby or similar properties, such as Copper Mountain Mine, does not necessarily indicate mineralization or potential at Wilmac. NovaRed confirms it holds no interest in adjacent properties, complying with regulatory disclosure requirements.

CEO Brian Gross Comments on Caplin’s Appointment

Brian Gross, CEO of NovaRed Mining Inc., expressed strong support for Caplin’s addition, calling him "an exceptional addition to our team" due to his leadership in technology commercialization, intellectual property, media, and education. Gross emphasized that Caplin’s history of building innovative enterprises and promoting emerging technologies "directly aligns with our vision for MetalCore AI and our strategy to incorporate AI in critical minerals exploration."

This endorsement highlights the strategic nature of Caplin’s appointment, with expectations for his active contribution to advancing MetalCore AI’s commercial development and NovaRed’s technology initiatives.

Caplin’s Perspective on AI’s Role in Critical Minerals Exploration

Lee Evan Caplin remarked, "Artificial intelligence is transforming every major industry, including mining." He described NovaRed’s integration of advanced AI technologies with critical minerals exploration as "an exciting opportunity to redefine how mineral assets are discovered, evaluated, and developed." Caplin expressed his commitment to collaborating with NovaRed to "accelerate the growth and commercialization of MetalCore AI."

His statement reflects a vision of AI-driven transformation in mineral exploration and signals his dedication to supporting the platform’s success as a key element of NovaRed’s future growth.

Forward-Looking Statements and Risk Factors

The announcement contains forward-looking information about Caplin’s Advisory Board role, anticipated benefits, MetalCore AI’s commercial viability, and NovaRed’s growth strategy involving mineral property acquisition and development. These statements are based on assumptions deemed reasonable at the time but are subject to significant business, economic, and competitive uncertainties.

Key assumptions include adequate funding availability, continued progress in mineral exploration and AI initiatives, and management’s ability to maintain strategic advisory relationships. Risks identified include retention of key advisors, capital access, regulatory changes, market conditions, execution of exploration and AI strategies, and competition for qualified advisors.

Industry Trends and Emerging Technology Adoption in Mining

Caplin’s appointment coincides with growing adoption of artificial intelligence and advanced technologies in mineral exploration and mining. Globally, machine learning, computer vision, and predictive analytics are deployed to boost exploration efficiency, reduce environmental impact, and accelerate discovery of economically viable deposits. NovaRed’s MetalCore AI platform exemplifies efforts to integrate these technologies into critical minerals exploration workflows.

Caplin’s background in technology commercialization and identifying emerging tech opportunities positions him to offer strategic insights on market demand, commercialization pathways, and partnerships or acquisitions that could expedite MetalCore AI’s deployment. His experience spanning encryption, extended reality, and immersive media equips him to navigate challenges and opportunities in scaling emerging technology platforms.