Perseverance Metals Secures Option to Acquire 240 Acres of Mineral Rights in Michigan

• Perseverance Metals signed an option to acquire 100% of mineral rights covering 240 acres at its Voyageur project in Michigan.
• The October 23, 2026, agreement requires USD 235,000 cash payments and USD 225,000 in common shares over six years.
• Exercising the option triggers a 3% net smelter return royalty, reducible to 1.5% for USD 1 million before a preliminary economic assessment.
• The royalty reduction costs USD 2 million following that assessment but before a production or construction decision.
• The acquisition agreement is subject to TSX Venture Exchange acceptance.

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. Perseverance Metals Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202610280730NEWSFILECNPR____20261028_321365_1) on October 28, 2026, and is solely responsible for the information contained therein.