Dr. Mark Davies reports

METATEK AND BRIDGER AEROSPACE ENTER INTO LONG-TERM AIRCRAFT SERVICES AGREEMENT TO SUPPORT GLOBAL GEOPHYSICAL SURVEYING

Metatek Group Ltd. has entered into an aircraft services agreement with Bridger Aerospace Group Holdings Inc., one of the leading U.S. aerial firefighting companies. Bridger will provide dedicated aircraft availability, modification, maintenance and operational services in support of Metatek's global airborne geophysical sensor survey operations.

The agreement provides Metatek with an integrated aviation service covering aircraft availability, modification, maintenance and operational support -- functions Metatek would otherwise need to finance in providing equivalent aircraft capacity.

Under the agreement, Bridger will modify, operate and maintain a fleet of three Basler BT-67 turbine-converted aircraft, each configured to Metatek's specifications to support onboard sensor and mission equipment. Each aircraft carries an initial five-year term, automatically extended for an additional five years unless either party provides timely notice of non-renewal. The aircraft will also be equipped for cold-weather operations, enabling Metatek to pursue survey opportunities in markets it has previously been unable to target with its existing aircraft.

The agreement comprises aircraft modification fees, fixed monthly availability fees and flight-hour charges at contractually committed minimum utilization levels. The first aircraft is expected to be ready for operational deployment in the second half of 2027, with the remaining two aircraft to be delivered over the next three years.

"Metatek needs dependable aviation capacity to support its existing operations and, with additional eFTG systems from Lockheed Martin on order, its next phase of growth," said Dr. Mark Davies, chief executive officer of Metatek. "Bridger's established, certified operations and experience in austere environments provide the dedicated aircraft, maintenance and operational support to help us improve reliability, streamline mobilization and increase productive survey time. This agreement supports our progress towards our target of 70-per-cent operational utilization, enabling us to generate more revenue from our instruments and strengthen project economics. It also allows us to scale without taking on the capital investment, overhead and complexity of building a larger aviation operation within Metatek, keeping our resources focused on geophysical technology and delivering for our customers."

"This agreement marks a transformational milestone in Bridger's strategy to build diversified, durable revenue streams beyond wildfire suppression and expand into long-term, recurring global operations," said Sam Davis, president and chief executive officer of Bridger Aerospace. "Metatek is recognized worldwide for its technical leadership and we are proud to serve as their dedicated aviation partner. By combining their advanced sensor technology with Bridger's aviation expertise, we are creating a highly differentiated platform that will serve long-term global customers with innovative technology and aviation solutions."

Bridger Aerospace will be responsible for sensor and mission systems integration required for the program, from initial engineering and modification through certification of the finished aircraft.

The program combines Metatek's advanced geophysical technology and international survey operations with Bridger Aerospace's aviation, engineering, certification and special-mission capabilities, creating a dedicated aviation platform designed to support Metatek's expanding survey program across multiple international markets.

About Metatek Group Ltd.

Metatek is a global geophysical services company providing high-definition mapping of subsurface strategic and critical mineral natural resources, energy (including hydrocarbons), helium and hydrogen, for exploration and development. Unlike traditional exploration companies, Metatek delivers rapid data acquisition, processing and scientific interpretation across air, land and sea environments.

Metatek supports national energy security and helps accelerate the discovery of hydrocarbons, minerals essential for sustainable power, such as lithium, nickel and copper, as well as identifying reservoirs for natural hydrogen and geothermal energy.

About Bridger Aerospace Group Holdings Inc.

Based in Belgrade, Mont., Bridger Aerospace is one of the nation's largest aerial firefighting companies. Bridger provides aerial firefighting and wildfire management services to federal and state government agencies, including the United States Forest Service, across the nation, as well as internationally.

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