(via TheNewswire)

Highlights:

• A compelling mineralogical characterization of the Everett metallurgical samples by Corem (Consortium de recherche en traitement de mineral) (1) , combined with recent verification work by North Atlantic Titanium Corp. ( NATO ) of historical sampling, has focused our drilling program on the northern portion of the Everett oxide body, comprising 25,000 m of drilling.  

• Corem analyzed a composite metallurgical sample from 57 sites across the Everett oxide body and reported that approximately 99% of oxide minerals in the composite consist of high-quality hemo-ilmenite, characterized by very low magnesium, manganese, and aluminum impurities.  

• Rather than being a direct analogue of the nearby massive hemo-ilmenite orebody at the Lac Tio Mine, the Everett Oxide Body is being drill-tested not only for its TiO₂ content, but also for its low Mg/Mn/Cr hemo-ilmenite, apatite as a potential phosphate coproduct, and vanadium—with potential scandium credits—as opportunities for process enhancement and future by-product recovery. The project therefore represents a broader Fe–Ti–V–P critical-minerals opportunity than that of a conventional titanium orebody.  

Vancouver, British Columbia – TheNewswire - July 27, 2026 – North Atlantic Titanium Corp. (CSE: NATO) (OTCQB: NATQ.F) (FSE: Y33) (“North Atlantic Titanium” or the “Company”) pursuant to our previous news release of July 14, 2026, the Company is pleased to provide additional information regarding its submission for drilling permits for its program at the Company's Everett Titanium-Vanadium-Phosphate project , Havre-Saint-Pierre, Québec.

The Company holds the 2,406-ha Everett property (the “Property ”) under Option from Romaine River Titanium Inc. (“Romaine River”). Pending on behalf of Romaine River and the Company are a PAF (Permit for Forestry Activities) and an ATI (Permit for Work with Impact) for the drilling campaign only. After obtaining permits, the Company will engage in, and finance, drilling in success-contingent stages. While awaiting responses regarding the drill permitting, the Company is continuing the surface exploration and metallurgical sampling program.

The Company’s diamond drilling plans focus on confirming the 1951 and 1968 diamond drilling in the northern area of the exposed Everett Oxide Body, totalling approximately 25,000 m across 20 drill pads, to be completed in 3 years or less. The northern area represents about 50% of the Everett Oxide Body's tested surface strike length. The plan submitted for the PAF and ATI is shown in Figure 1 in relation to historical drilling and sampling, surface mapping and recent metallurgical testing. The targeted body dips gently, about 20-30°, to the ESE, and the testing work is described as follows :

• Forest impacts under the PAF application are minimal because NATO is mostly brushing out historical drill trails for access. The work, when completed, will provide access to both the north and south areas of the 2.5-km-long exposure of the Oxide Body. Trails depicted in green on Figure 1 were established in past drilling programs. Those in dashed yellow and magenta are new trails. 

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Figure 1. Everett Oxide Body – Layout of Drilling Sections 9N to 19N
The Oxide Body is open down-dip Eastward and along strike to the North.       
The Corem composite metallurgical sample contained massive Ti-Oxide mineralization grading.
37.0% Fe₂O₃, 17.4% TiO₂, 0.18% V₂O₅ and 2.27% P₂O₅

• Stage 1 under the ATI application will comprise 6,000 m of widely spaced, west-oriented drilling between Section 9N and 19N along a swath 1,320 m along strike and 600 m down-dip. This first Stage will delineate the Oxide Body limits in the northern area, collect samples for assay and metallurgical analyses and frame the follow-up drilling. 

• Stage 2 under the ATI application will comprise success-contingent, west-oriented infill drilling to define a Mineral Resource Estimate (MRE), requiring about 19,000 m of diamond drilling.  

• Stage 1 drilling will commence upon acceptance of the ATI application. Stage 2 will likely begin in the late winter of 2026-27. 

Drilling Target Description – Targeting Simple Mineralogy

The mineralized unit on the Property is an oxide-apatite-gabbronorite (Unit 7, Figure 2). Unit 7 is extensive, spanning more than 6 km of strike length on the Property. The main area of historical sampling and drilling within Unit 7 is outlined and named the Everett Oxide Body . The Oxide Body remains open along strike to the north and south, and down-dip.

Corem completed mineralogical characterization on a composite sample set (Col154) (1) from the Everett Property (see Figure 1). The Col154 composite was prepared from a subset of 57 metallurgical samples submitted by Romaine River to the Elements08 program and spans the entire Oxide Body. The sample had a weighted-average head grade measured by Corem of 37.0% Fe₂O₃, 17.4% TiO₂, 0.18% V₂O₅ and 2.27% P₂O₅, with a Satmagan measurement of magnetite averaging a very low 0.9% in the head sample. Importantly, Corem results determine that over 99% of the oxides in the composite sample are hemo-ilmenite (FeTiO3). Together, the hemo-ilmenite and apatite comprise over 50% of the sample (1) .

Regional Setting of the Everett Oxide Body

Drilling and evaluation of the Everett is informed by the geology and mineralization of the Grenville Province of eastern Québec, a region containing several major Proterozoic anorthosite–mangerite–charnockite–granite (AMCG) magmatic systems and associated deposits of iron, titanium and phosphorus. Everett and the nearby Lac Tio deposit are hosted by the Lac Allard Anorthosite intrusion, which is dated at approximately 1.06 Ga. The Lac Allard Anorthosite intrudes the broader Havre-Saint-Pierre anorthosite complex, which is 1.13 Ga in age (2) (See Figure 2).

Lac Tio Deposit is the world's largest hard-rock ilmenite deposit; it contained more than 200 Mt pre-mining at grades over 60 wt.% hemo-ilmenite (FeTiO3)(3) . Rio Tinto’s Québec titanium dioxide operation supplies approximately 19% of global titanium dioxide feedstock demand, sourced from the Lac Tio open pit and processed at the Sorel-Tracy metallurgical complex.

Everett Oxide Body lies only 3 Km from the Lac Tio Mine. The Unit 7 gabbronorite of Everett occurs within the Lac Allard Anorthosite. Perreault (2001) (4) states that the Everett mineralization is associated with a jotunite (gabbronorite) band about 3 km long and up to 300 m thick, composed of ilmenite, hematite, magnetite, and apatite, with plagioclase and orthopyroxene. Locally, oxides and apatite may make up as much as 50% of the rock. The Corem analysis confirms similar petrography but shows a predominantly enstatite composition, yielding an oxide-apatite noritic gabbro classification, as in Lac Tio and nearby ilmenite deposits.

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Figure 2 – Regional Geology of Everett and Rio Tinto’s Lac Tio Mine

Lac Tio and Everett are both characterized by dominant hemo-ilmenite mineralization. However:

• Lac Tio is a massive hemo-ilmenite cumulate representing an extreme oxide accumulation within the Lac Allard magmatic system formed from multiple pulses of magma; mineral separates characterize hemo-ilmenite containing 1.6–3.2 wt.% MgO(3) in the deposit. 

• In contrast, Everett is hosted by a layered intrusion with an uncommon jotunite affinity, termed an oxide-apatite-gabbronorite , with evidence of higher volatile contents such as phosphorus (apatite), and semi-massive hemo-ilmenite with significantly lower Mg, Mn, Cr and Al than Lac Tio. The Corem hemo-ilmenite sample, for example, has a mean MgO content of 0.38%. 

The relatively low MgO values observed in the Everett oxide mineralization are consistent with an evolved magmatic differentiation model and distinguish the Everett system chemically from classical anorthosite-hosted Fe–Ti deposits. Rather than being a direct analogue of the nearby massive hemo-ilmenite orebody at the Lac Tio Mine, the Everett Oxide Body is being drill-tested for its distinctive polymetallic mineral assemblage. The Everett is shown in the Corem testing to have the potential for a low-Mg/Cr hemo-ilmenite concentrate, with potential coproducts of apatite (phosphorus) and vanadium. The project therefore represents a broader Fe–Ti–V-P critical-minerals opportunity than that of a conventional titanium orebody.

Dwayne Yaretz, CEO of NATO, stated :

“Metallurgical results reinforce the Company’s strategy to advance a secure, domestic critical minerals processing supply chain in Canada—supporting defense readiness and the reshoring of Western titanium metal production. Our Stage 1 Program will define our technical program and follow-up drilling for the next 18 to 24 months.”

About Elements08

On March 31, 2026, the Company joined Romaine River in its collaboration with Centre technologique des résidus industriels (CTRI), Impact Global Solutions (IGS), and Corem (the “Program”) in support of metallurgical testing at the Everett project in Québec. The Program is managed by the Elements08 Strategic Metals Excellence Centre (“Elements08 ”) and is funded by the Government of Québec.

Corem is a Québec City-based, non-profit applied research center specializing in mineral processing, extractive metallurgy, and mineral characterization. It operates as a member-driven consortium, working with mining companies, government agencies, and equipment suppliers. Corem is one of Canada’s leading independent mineral processing laboratories.

About North Atlantic Titanium Corp.

North Atlantic Titanium Corp. is focused on developing the Everett titanium-vanadium project in Québec, targeting the production of high-quality titanium feedstocks with potential value-added vanadium and phosphate coproducts. The Company also holds a 100-per-cent interest in the Sleeping Giant South project, located in the Abitibi greenstone belt, approximately 75 kilometres south of Matagami, Que.

References

1. (1) De Castro, Benjamin. Col154 — Caractérisation minéralogique VTM, P#10Van. Corem, Québec, 26 January 2026. Confidential technical memorandum.  

2. (2) Morisset, Caroline-Emmanuelle, James S. Scoates, Dominique Weis, and Richard M. Friedman. “U–Pb and ⁴⁰Ar/³⁹Ar Geochronology of the Saint-Urbain and Lac Allard (Havre-Saint-Pierre) Anorthosites and Their Associated Fe–Ti Oxide Ores, Québec: Evidence for Emplacement and Slow Cooling during the Collisional Ottawan Orogeny in the Grenville Province.” Precambrian Research, vol. 174, nos. 1–2, 2009, pp. 95–116.  

3. (3) Charlier, Bernard, et al. “Origin of the Giant Allard Lake Ilmenite Ore Deposit, Canada, by Fractional Crystallization, Multiple Magma Pulses and Mixing.” Lithos, vol. 117, 2010, pp. 119–134.  

4. (4) Perreault, Serge, and Claude Bilodeau. “Compilation géologique 1/50 000, 12L05 — Lac du Gros Diable.” Carte(s) géologique(s) du SIGÉOM — feuillet 12L. Ministère des Ressources naturelles et de la Faune du Québec, 2001. CG SIGÉOM 12L.  

For more information, please visit our website at www.natitanium.com .

Qualified Person

Julien Davy, P.Geo., M.Sc., MBA, independent consultant, a Qualified Person under National Instrument 43-101 on standards of disclosure for mineral projects, has approved the technical information about the Everett Property in this news release.

ON BEHALF OF THE BOARD OF DIRECTORS

Dwayne Yaretz, CEO
North Atlantic Titanium Corp.
Phone: 778-709-3398
Email: info@natitanium.com
Website: www.natitanium.com

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains certain statements which constitute forward-looking statements or information under applicable Canadian securities laws. Such forward-looking statements are subject to numerous known and unknown risks, uncertainties and other factors, some of which are beyond North Atlantic Titanium’s control, which could cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. These risks and uncertainties include general economic and capital markets conditions, as well as stock market volatility. Although North Atlantic Titanium believes that the forward-looking statements in this news release are reasonable, they are based on factors and assumptions, based on currently available information, concerning future events, which may prove to be inaccurate. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future plans, operations, results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, North Atlantic Titanium does not undertake any obligation to publicly update or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise.

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