• Spartan Metals updated its Victorio tungsten-molybdenum resource in New Mexico, reporting 84,540,000 short tons in the measured and indicated categories.
• Measured and indicated grades were 0.1% tungsten trioxide and 0.09% molybdenum, equivalent to 0.25% molybdenum.
• Inferred resources reached 101,840,000 short tons, up 31.9% from the 2012 historical estimate.
• Measured and indicated tonnage rose 9.5%, despite a higher gross metal value cutoff of USD 50 versus USD 25 per short ton.
• An updated preliminary economic assessment is expected in early fourth-quarter 2026 to evaluate potential mining, processing costs and project economics.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Spartan Metals Corp. published the original content used to generate this news brief via Newsfile (Ref. ID: 202610220500NEWSFILECNPR____20261022_320325_1) on October 22, 2026, and is solely responsible for the information contained therein.