Frontier Nuclear and Minerals Inc. (NASDAQ:FNUC) ("Frontier"), a nuclear fuel cycle company, provides an update on its Engo Valley uranium project ("Engo Valley") in Namibia, the world's third largest uranium producing country. Frontier is on track to issue its maiden mineral resource estimate for Engo Valley by mid-Q3 2026, and will establish the foundation for future exploration and development work to position Engo Valley as a potentially strategic uranium asset.

Highlights

• Maiden Mineral Resource Estimate (MRE) on track for mid-Q3 2026 completion, representing a significant milestone for Engo Valley and Frontier
• Namibia is the third largest Global Uranium Producer, with three operating uranium mines, and is regarded as a premier global mining jurisdiction
• U.S. designates uranium as a Critical Mineral as it imports 95% of its uranium, including enriched uranium from Russia, highlighting the necessity and value of uranium imports from countries like Namibia
• U.S. Administration's aggressive policies to quadruple U.S. nuclear capacity by 2050, potentially increasing U.S. uranium demand from approximately 47 million pounds to approximately 190 million pounds per year
• U.S. Department of Energy and Department of War, tasked with building a domestic nuclear fuel cycle by utilizing Defence Production Act authorities to invest and support all sectors of the nuclear fuel cycle