{"success":true,"data":{"pressRelease":{"id":"23039","rtpr_id":"nGNX1ccYrB","ticker":"COMT","exchange":"","all_tickers":["COMT"],"title":"Collective Metals Intersects Anomalous Radioactivity and Graphitic Reactivated Structure at Rocas Uranium Project; Initial Drill Program Complete","author":"Globe Newswire","published_at":"2026-05-06T12:00:01.100Z","article_body":"Highlights\n* Program Completion: A total of 962 metres were completed across four (4)\nreconnaissance drill holes at the Upper Prawn Lake, Southside, and Crab Lake\ntarget areas (Please see Figure 1).\n* Anomalous Radioactivity: Multiple intervals of anomalous* radioactivity\nexceeding 300 counts per second (“cps”) were intersected in three (3) of\nthe four (4) holes, totalling 1.5 metres of composite radioactivity.\nGeochemical assays are pending.\n* Geophysical Correlation: The intersection of graphitic metasediments and\nassociated sulphide mineralization in all four (4) holes validates the\nProject’s electromagnetic (“EM”) signatures and confirms the accuracy of\nthe current geophysical model. Significant graphitic sequences are confirmed\nin ROC-26-001 (0-76 m) and ROC-26-003 (36-84 m), with graphitic fault gouge\nalso present in ROC-26-004.\n* Structural Corridors: Brittle graphitic structures and clay gouge indicate\nstructural reactivation and the conduits necessary for mineralizing fluids.\nSecondary hematite and clay alteration confirm hydrothermal processes - a key\nindicator for uranium deposition.\n* Future Work: A phase two drilling program is currently being designed to\nfollow up on this reconnaissance work. The integration of these latest results\nwill refine and test additional regional targets across more than five (5) km\nof untested conductor strike-length.\nVANCOUVER, British Columbia, May 06, 2026 (GLOBE NEWSWIRE) -- COLLECTIVE\nMETALS INC. (CSE: COMT | OTC: CLLMF | FSE: TO1) (the “Company” or\n“Collective”) is pleased to announce that drilling activities have been\ncompleted at the Company’s Rocas Uranium Project (“Rocas”, or the\n“Project”) located seventy-five (75) kilometers southwest of the Key Lake\nMine and Mill facilities along Highway 914. The inaugural drilling program\ntargeted anomalies derived from the 2025 prospecting results and integrated\ngeophysical data, including recent ground gravity and historical VTEM\nanomalies. The Project is currently under a three-year earn-in option\nagreement (the “Option Agreement”) with Standard Uranium Ltd.\n(“Standard”).\n\nChristopher Huggins, Chief Executive Officer of the Company, commented, “The\ncompletion of our inaugural drill program at Rocas marks an important step in\nadvancing what we believe is a highly prospective uranium system. Intersecting\nanomalous radioactivity alongside reactivated graphitic structures across\nmultiple targets validates our exploration model and reinforces the scale\npotential of the Project.”\n\n\n\nFigure 1. Regional overview of the Rocas Project along Highway 914\n\n\n\nFigure 2. Rocas Project overview, highlighting target areas tested during the\n2026 drill program\n\n2026 Drill Program – Preliminary Results\n\nThe winter drilling program (the “Program”) totaled 962 meters across four\n(4) reconnaissance drill holes. Three (3) holes intersected anomalous*\nradioactivity and all four (4) contain reactivated graphitic structures. This\ninaugural Program tested three (3) high-priority target areas identified by\nintegrating 2025 ground gravity data, historical VTEM electromagnetics, and\nsurface geological information and mineralization recorded during the 2025\nprospecting program.(1) Radiometric results and drill hole data are provided\nin Table 1.\n\nThe four (4) completed drill holes encountered highly favorable geological\nsettings for basement-hosted uranium deposits, including:\n* Graphitic metasediments: Combined intersection downhole thickness of 114 m\nacross all four (4) drillholes, including local fault zones featuring brittle\nreactivation and graphitic fault gouge, breccias, and cataclasites. Most\nnotable is a 9-metre graphitic fault zone in ROC-26-003 (73-82 m)\ncharacterized by dark charcoal-gray cataclastic matrix with 5-10 cm graphitic\nfault gouge intervals and minor pyrite and pyrrhotite - a highly prospective\nstructural setting for uranium. Accompanying clay alteration and hydrothermal\nhematite observed locally.\n* Hydrothermal Alteration: Key alteration includes clay replacement, chlorite,\ncarbonate, and secondary hematite in and surrounding the above-mentioned\ngraphitic fault zones, providing evidence of the hydrothermal processes\nrequired for uranium deposition.\n* Anomalous Radioactivity: Multiple intervals of anomalous* radioactivity,\nwith notable intersections including 0.5 m up to 360 cps in ROC-26-003\n(40.5-41.0 m), 0.5 m up to 320 cps in ROC-26-004 (71.0-71.5 m), and 0.5 m at\npeak 650 cps in ROC-26-001 (208.5-209.0 m) totalling 1.5 metres of composite\nanomalous radioactivity.\nTable 1. Winter 2026 Rocas drilling radioactivity results\n\n\n\n\n\nFigure 3. Drill core photo of chloritized graphitic pelitic gneiss in\nROC-26-001\n\n\n\nFigure 4. Drill core photo from ROC-26-003: Clay-altered graphitic pelitic\ngneiss (yellow), with reactivated gouge/cataclasite intervals (black),\ncarbonate veining, and bounding hydrothermal hematite alteration (red)\n\nNext Steps & Follow Up\n\nBuilding on the success of the 2026 Program, the Company and its partner,\nStandard Uranium Ltd., are planning follow-up activities to expand upon recent\nresults:\n* Regional Prospecting: Continued mapping and sampling will be conducted on\nradioactive anomalies identified during the 2025 season to refine drill\ntargets.\n* Systematic Corridor Testing: Future drilling will move systematically along\nthe remaining untested 5 km of the 7.5 km EM corridor, focusing on\nextrapolated conductors and areas with anomalous geochemistry and surface\nUranium/Rare Earth Element mineralization.\n* Geophysical Expansion: The Company intends to expand ground gravity and EM\ncoverage to the north and south of the current target areas to identify\nadditional structural offsets and traps for uranium mineralization.\nDrill core samples have been collected systematically for whole-rock\nmulti-element geochemical analysis and submitted to SRC Geoanalytical\nLaboratories in Saskatoon for U(3)O(8) and Rare Earth Element (“REE”)\nassay. These results will be integrated with detailed logging and structural\nmodelling to prioritize follow-up target areas.\n\nThe Project is positioned near the margin of the Athabasca Basin, where\nbedrock is covered by minimal glacial till. The 2017 airborne EM surveys\ndefined conductive trends sub-parallel to the Key Lake Road Shear Zone,\nsuggesting favorable metasedimentary basement lithologies. The Company\nbelieves the combination of cross-cutting structures and significant surficial\nmineralization makes the Project highly prospective for shallow, high-grade**\nbasement-hosted uranium.\n\nReferences\n\n(1 )Standard Uranium Confirms Anomalous Uranium and High-Grade Rare Earth\nElement Mineralization up to 9.83% TREO* at Surface on the Rocas Project,\nhttps://www.standarduranium.ca/news-releases/duplicate-standard-uranium-announces-plans-for-inaugural-drill-program-at-the-rocas-uranium-project.\n\nQualified Person Statement\n\nThe scientific and technical information contained in this news release has\nbeen reviewed, verified, and approved by Sean Hillacre, P.Geo., President and\nVP Exploration of Standard and a “qualified person” as defined in NI\n43-101 – Standards of Disclosure for Mineral Projects.\n\nSamples collected for analysis were sent to SRC Geoanalytical Laboratories\n(“SRC”) in Saskatoon, Saskatchewan for preparation, processing, and ICP-MS\nor ICP-OES multi-element analysis using total and partial digestion and boron\nby fusion. Radioactive samples were tested using the ICP-MS2 uranium\nmulti-element exploration package plus boron. Samples chosen for REE analysis\nwere tested using the REE2 package by ICP-MS. All samples marked as\nradioactive upon arrival to the lab were also analyzed using the U(3)O(8)\nassay (reported in wt.%). SRC is an ISO/IEC 17025:2005 and Standards Council\nof Canada certified analytical laboratory. Blanks, standard reference\nmaterials, and repeats were inserted into the sample stream at regular\nintervals in accordance with Standard’s quality assurance/quality control\n(“QA/QC”) protocols. All samples passed internal QA/QC protocols and the\nresults presented in this release are deemed complete, reliable, and\nrepeatable.\n\nREE oxide conversion factors were verified using the following formulas:\nConvert REE (Rare Earth Element) ppm to REO (Rare Earth Oxide): REO % = (ppm /\nAtomic Weight of REE) * (Molecular Weight of REO / 10,000).\n\nElement-to-oxide conversion factor: Molecular weight of the oxide / atomic\nweight of the element. For oxides with more than one metal cation, account for\nthe number of cations in the formula.\n\nHistorical data disclosed in this news release relating to sampling results\nfrom previous operators are historical in nature. Neither the Company nor a\nqualified person has yet verified this data and therefore investors should not\nplace undue reliance on such data. The Company’s future exploration work may\ninclude verification of the data. The Company considers historical results to\nbe relevant as an exploration guide and to assess the mineralization as well\nas economic potential of exploration projects. Any historical grab samples\ndisclosed are selected samples and may not represent true underlying\nmineralization.\n\nNatural gamma radiation from rocks reported in this news release was measured\nin cps using a handheld RS-125 super-spectrometer and RS-120\nsuper-scintillometer. Readers are cautioned that scintillometer readings are\nnot uniformly or directly related to uranium grades of the rock sample\nmeasured and should be treated only as a preliminary indication of the\npresence of radioactive minerals. The RS-125 and RS-120 units supplied by\nRadiation Solutions Inc. (“RSI”) have been calibrated on specially\ndesigned Test Pads by RSI. Standard maintains an internal QA/QC procedure for\ncalibration and calculation of drift in radioactivity readings through three\ntest pads containing known concentrations of radioactive minerals. Internal\ntest pad radioactivity readings are known and regularly compared to readings\nmeasured by the handheld scintillometers for QA/QC purposes.\n\n*The Company considers uranium mineralization with concentrations greater than\n1.0 wt% U(3)O(8) to be “high-grade”.\n\n**The Company considers radioactivity readings greater than 65,535 counts per\nsecond (cps) on a handheld RS-125 Super-Spectrometer to be “off-scale”.\n\nAbout Collective Metals\n\nCollective Metals Inc. (CSE: COMT | OTC: CLLMF | FSE: TO1) is a resource\nexploration company specializing in critical and precious metals exploration\nin North America.\n\nThe Company’s Rocas project comprises 4,002 hectares, located 75 kilometers\nsouthwest of the Key Lake Mine and Mill facilities along Highway 914, and\napproximately 72 kilometers south of the present-day margin of the Athabasca\nBasin. The Project hosts several uranium showings, including historical\nmineralized outcrop grab samples along approximately 900 metres of strike\nlength, grading up to 0.5 wt.% U(3)O(8)(1).\n\nSocial Media\n\n Twitter   @COMT_metals                                                                               \n LinkedIn  Collective Metals Inc (https://www.linkedin.com/company/collective-metals-inc/)            \n Facebook  Collective Metals Inc (https://www.facebook.com/p/Collective-Metals-Inc-100091350002708/)  \n\nON BEHALF OF COLLECTIVE METALS INC.\n\nChristopher Huggins\nChief Executive Officer\nT: 604-968-4844\nE: chris@collectivemetalsinc.com\n\nForward Looking Information\n\nThis news release includes certain “Forward-Looking Statements” within the\nmeaning of the United States Private Securities Litigation Reform Act of 1995\nand “forward-looking information” under applicable Canadian securities\nlaws. When used in this news release, the words “anticipate”,\n“believe”, “estimate”, expect”, “target”, “plan”,\n“forecast”, “may”, “would”, “could”, “schedule” and\nsimilar words or expressions, identify forward-looking statements or\ninformation.\n\nForward-looking statements and forward-looking information relating to any\nfuture mineral production, liquidity, enhanced value and capital markets\nprofile of Collective, future growth potential for Collective and its\nbusiness, and future exploration plans are based on management’s reasonable\nassumptions, estimates, expectations, analyses and opinions, which are based\non management’s experience and perception of trends, current conditions and\nexpected developments, and other factors that management believes are relevant\nand reasonable in the circumstances, but which may prove to be incorrect.\nAssumptions have been made regarding, among other things, the price of lithium\nand other metals; costs of exploration and development; the estimated costs of\ndevelopment of exploration projects; Collective’s ability to operate in a\nsafe and effective manner and its ability to obtain financing on reasonable\nterms.\n\nThis news release contains “forward-looking information” within the\nmeaning of the Canadian securities laws. Statements, other than statements of\nhistorical fact, may constitute forward looking information and include,\nwithout limitation, statements with respect to the Project and its\nmineralization potential; the Company’s objectives, goals, or future plans\nwith respect to the Project; further exploration work on the Project in the\nfuture; the expected benefits of completing the Program. With respect to the\nforward-looking information contained in this news release, the Company has\nmade numerous assumptions regarding, among other things, the geological,\nmetallurgical, engineering, financial and economic advice that the Company has\nreceived is reliable and are based upon practices and methodologies which are\nconsistent with industry standards. While the Company considers these\nassumptions to be reasonable, these assumptions are inherently subject to\nsignificant uncertainties and contingencies. Additionally, there are known and\nunknown risk factors which could cause the Company’s actual results,\nperformance or achievements to be materially different from any future\nresults, performance or achievements expressed or implied by the\nforward-looking information contained herein. Known risk factors include,\namong others: fluctuations in commodity prices and currency exchange rates;\nuncertainties relating to interpretation of well results and the geology,\ncontinuity and grade of lithium and other metal deposits; uncertainty of\nestimates of capital and operating costs, recovery rates, production estimates\nand estimated economic return; the need for cooperation of government agencies\nin the exploration and development of properties and the issuance of required\npermits; the need to obtain additional financing to develop properties and\nuncertainty as to the availability and terms of future financing; the\npossibility of delay in exploration or development programs or in construction\nprojects and uncertainty of meeting anticipated program milestones;\nuncertainty as to timely availability of permits and other governmental\napprovals; increased costs and restrictions on operations due to compliance\nwith environmental and other requirements; increased costs affecting the\nmetals industry and increased competition in the metals industry for\nproperties, qualified personnel, and management. All forward-looking\ninformation herein is qualified in its entirety by this cautionary statement,\nand the Company disclaims any obligation to revise or update any such\nforward-looking information or to publicly announce the result of any\nrevisions to any of the forward-looking information contained herein to\nreflect future results, events or developments, except as required by law.\n\nThe Canadian Securities Exchange (CSE) does not accept responsibility for the\nadequacy or accuracy of this release.\n\nFigures accompanying this announcement is available at:\n\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/a9ea93d7-c8fe-4754-bb6e-d9403fc4b86e\n\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/27370d9a-09a9-4d8e-853d-650ffce81c1e\n\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/990dcc3d-8e8c-4992-90ad-6f4b43df4358\n\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/244fc496-6c6b-4394-b8f9-8a2351293b20\n\nA Table accompanying this announcement is available at:\n\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/4165d656-dfd6-4952-8b2c-0fac00a744ea\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/48e1bd68-eeb5-4ac2-b3ba-1361bdb17a4a)\nFigure 1 \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/a9ea93d7-c8fe-4754-bb6e-d9403fc4b86e/en)\nRegional overview of the Rocas Project along Highway 914Figure 2 \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/27370d9a-09a9-4d8e-853d-650ffce81c1e/en)\nRocas Project overview, highlighting target areas tested during the 2026 drill\nprogramFigure 3 \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/990dcc3d-8e8c-4992-90ad-6f4b43df4358/en)\nDrill core photo of chloritized graphitic pelitic gneiss in ROC-26-001Figure 4\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/244fc496-6c6b-4394-b8f9-8a2351293b20/en)\nDrill core photo from ROC-26-003: Clay-altered graphitic pelitic gneiss\n(yellow), with reactivated gouge/cataclasite intervals (black), carbonate\nveining, and bounding hydrothermal hematite alteration (red)Table 1 \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/4165d656-dfd6-4952-8b2c-0fac00a744ea/en)\nWinter 2026 Rocas drilling radioactivity results\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX1ccYrB","title":"Collective Metals Intersects Anomalous Radioactivity and Graphitic Reactivated Structure at Rocas Uranium Project; Initial Drill Program Complete","author":"Globe Newswire","ticker":"COMT","created":"2026-05-06T12:00:01.100Z","tickers":["COMT"],"exchange":"","article_body":"Highlights\n* Program Completion: A total of 962 metres were completed across four (4)\nreconnaissance drill holes at the Upper Prawn Lake, Southside, and Crab Lake\ntarget areas (Please see Figure 1).\n* Anomalous Radioactivity: Multiple intervals of anomalous* radioactivity\nexceeding 300 counts per second (“cps”) were intersected in three (3) of\nthe four (4) holes, totalling 1.5 metres of composite radioactivity.\nGeochemical assays are pending.\n* Geophysical Correlation: The intersection of graphitic metasediments and\nassociated sulphide mineralization in all four (4) holes validates the\nProject’s electromagnetic (“EM”) signatures and confirms the accuracy of\nthe current geophysical model. Significant graphitic sequences are confirmed\nin ROC-26-001 (0-76 m) and ROC-26-003 (36-84 m), with graphitic fault gouge\nalso present in ROC-26-004.\n* Structural Corridors: Brittle graphitic structures and clay gouge indicate\nstructural reactivation and the conduits necessary for mineralizing fluids.\nSecondary hematite and clay alteration confirm hydrothermal processes - a key\nindicator for uranium deposition.\n* Future Work: A phase two drilling program is currently being designed to\nfollow up on this reconnaissance work. The integration of these latest results\nwill refine and test additional regional targets across more than five (5) km\nof untested conductor strike-length.\nVANCOUVER, British Columbia, May 06, 2026 (GLOBE NEWSWIRE) -- COLLECTIVE\nMETALS INC. (CSE: COMT | OTC: CLLMF | FSE: TO1) (the “Company” or\n“Collective”) is pleased to announce that drilling activities have been\ncompleted at the Company’s Rocas Uranium Project (“Rocas”, or the\n“Project”) located seventy-five (75) kilometers southwest of the Key Lake\nMine and Mill facilities along Highway 914. The inaugural drilling program\ntargeted anomalies derived from the 2025 prospecting results and integrated\ngeophysical data, including recent ground gravity and historical VTEM\nanomalies. The Project is currently under a three-year earn-in option\nagreement (the “Option Agreement”) with Standard Uranium Ltd.\n(“Standard”).\n\nChristopher Huggins, Chief Executive Officer of the Company, commented, “The\ncompletion of our inaugural drill program at Rocas marks an important step in\nadvancing what we believe is a highly prospective uranium system. Intersecting\nanomalous radioactivity alongside reactivated graphitic structures across\nmultiple targets validates our exploration model and reinforces the scale\npotential of the Project.”\n\n\n\nFigure 1. Regional overview of the Rocas Project along Highway 914\n\n\n\nFigure 2. Rocas Project overview, highlighting target areas tested during the\n2026 drill program\n\n2026 Drill Program – Preliminary Results\n\nThe winter drilling program (the “Program”) totaled 962 meters across four\n(4) reconnaissance drill holes. Three (3) holes intersected anomalous*\nradioactivity and all four (4) contain reactivated graphitic structures. This\ninaugural Program tested three (3) high-priority target areas identified by\nintegrating 2025 ground gravity data, historical VTEM electromagnetics, and\nsurface geological information and mineralization recorded during the 2025\nprospecting program.(1) Radiometric results and drill hole data are provided\nin Table 1.\n\nThe four (4) completed drill holes encountered highly favorable geological\nsettings for basement-hosted uranium deposits, including:\n* Graphitic metasediments: Combined intersection downhole thickness of 114 m\nacross all four (4) drillholes, including local fault zones featuring brittle\nreactivation and graphitic fault gouge, breccias, and cataclasites. Most\nnotable is a 9-metre graphitic fault zone in ROC-26-003 (73-82 m)\ncharacterized by dark charcoal-gray cataclastic matrix with 5-10 cm graphitic\nfault gouge intervals and minor pyrite and pyrrhotite - a highly prospective\nstructural setting for uranium. Accompanying clay alteration and hydrothermal\nhematite observed locally.\n* Hydrothermal Alteration: Key alteration includes clay replacement, chlorite,\ncarbonate, and secondary hematite in and surrounding the above-mentioned\ngraphitic fault zones, providing evidence of the hydrothermal processes\nrequired for uranium deposition.\n* Anomalous Radioactivity: Multiple intervals of anomalous* radioactivity,\nwith notable intersections including 0.5 m up to 360 cps in ROC-26-003\n(40.5-41.0 m), 0.5 m up to 320 cps in ROC-26-004 (71.0-71.5 m), and 0.5 m at\npeak 650 cps in ROC-26-001 (208.5-209.0 m) totalling 1.5 metres of composite\nanomalous radioactivity.\nTable 1. Winter 2026 Rocas drilling radioactivity results\n\n\n\n\n\nFigure 3. Drill core photo of chloritized graphitic pelitic gneiss in\nROC-26-001\n\n\n\nFigure 4. Drill core photo from ROC-26-003: Clay-altered graphitic pelitic\ngneiss (yellow), with reactivated gouge/cataclasite intervals (black),\ncarbonate veining, and bounding hydrothermal hematite alteration (red)\n\nNext Steps & Follow Up\n\nBuilding on the success of the 2026 Program, the Company and its partner,\nStandard Uranium Ltd., are planning follow-up activities to expand upon recent\nresults:\n* Regional Prospecting: Continued mapping and sampling will be conducted on\nradioactive anomalies identified during the 2025 season to refine drill\ntargets.\n* Systematic Corridor Testing: Future drilling will move systematically along\nthe remaining untested 5 km of the 7.5 km EM corridor, focusing on\nextrapolated conductors and areas with anomalous geochemistry and surface\nUranium/Rare Earth Element mineralization.\n* Geophysical Expansion: The Company intends to expand ground gravity and EM\ncoverage to the north and south of the current target areas to identify\nadditional structural offsets and traps for uranium mineralization.\nDrill core samples have been collected systematically for whole-rock\nmulti-element geochemical analysis and submitted to SRC Geoanalytical\nLaboratories in Saskatoon for U(3)O(8) and Rare Earth Element (“REE”)\nassay. These results will be integrated with detailed logging and structural\nmodelling to prioritize follow-up target areas.\n\nThe Project is positioned near the margin of the Athabasca Basin, where\nbedrock is covered by minimal glacial till. The 2017 airborne EM surveys\ndefined conductive trends sub-parallel to the Key Lake Road Shear Zone,\nsuggesting favorable metasedimentary basement lithologies. The Company\nbelieves the combination of cross-cutting structures and significant surficial\nmineralization makes the Project highly prospective for shallow, high-grade**\nbasement-hosted uranium.\n\nReferences\n\n(1 )Standard Uranium Confirms Anomalous Uranium and High-Grade Rare Earth\nElement Mineralization up to 9.83% TREO* at Surface on the Rocas Project,\nhttps://www.standarduranium.ca/news-releases/duplicate-standard-uranium-announces-plans-for-inaugural-drill-program-at-the-rocas-uranium-project.\n\nQualified Person Statement\n\nThe scientific and technical information contained in this news release has\nbeen reviewed, verified, and approved by Sean Hillacre, P.Geo., President and\nVP Exploration of Standard and a “qualified person” as defined in NI\n43-101 – Standards of Disclosure for Mineral Projects.\n\nSamples collected for analysis were sent to SRC Geoanalytical Laboratories\n(“SRC”) in Saskatoon, Saskatchewan for preparation, processing, and ICP-MS\nor ICP-OES multi-element analysis using total and partial digestion and boron\nby fusion. Radioactive samples were tested using the ICP-MS2 uranium\nmulti-element exploration package plus boron. Samples chosen for REE analysis\nwere tested using the REE2 package by ICP-MS. All samples marked as\nradioactive upon arrival to the lab were also analyzed using the U(3)O(8)\nassay (reported in wt.%). SRC is an ISO/IEC 17025:2005 and Standards Council\nof Canada certified analytical laboratory. Blanks, standard reference\nmaterials, and repeats were inserted into the sample stream at regular\nintervals in accordance with Standard’s quality assurance/quality control\n(“QA/QC”) protocols. All samples passed internal QA/QC protocols and the\nresults presented in this release are deemed complete, reliable, and\nrepeatable.\n\nREE oxide conversion factors were verified using the following formulas:\nConvert REE (Rare Earth Element) ppm to REO (Rare Earth Oxide): REO % = (ppm /\nAtomic Weight of REE) * (Molecular Weight of REO / 10,000).\n\nElement-to-oxide conversion factor: Molecular weight of the oxide / atomic\nweight of the element. For oxides with more than one metal cation, account for\nthe number of cations in the formula.\n\nHistorical data disclosed in this news release relating to sampling results\nfrom previous operators are historical in nature. Neither the Company nor a\nqualified person has yet verified this data and therefore investors should not\nplace undue reliance on such data. The Company’s future exploration work may\ninclude verification of the data. The Company considers historical results to\nbe relevant as an exploration guide and to assess the mineralization as well\nas economic potential of exploration projects. Any historical grab samples\ndisclosed are selected samples and may not represent true underlying\nmineralization.\n\nNatural gamma radiation from rocks reported in this news release was measured\nin cps using a handheld RS-125 super-spectrometer and RS-120\nsuper-scintillometer. Readers are cautioned that scintillometer readings are\nnot uniformly or directly related to uranium grades of the rock sample\nmeasured and should be treated only as a preliminary indication of the\npresence of radioactive minerals. The RS-125 and RS-120 units supplied by\nRadiation Solutions Inc. (“RSI”) have been calibrated on specially\ndesigned Test Pads by RSI. Standard maintains an internal QA/QC procedure for\ncalibration and calculation of drift in radioactivity readings through three\ntest pads containing known concentrations of radioactive minerals. Internal\ntest pad radioactivity readings are known and regularly compared to readings\nmeasured by the handheld scintillometers for QA/QC purposes.\n\n*The Company considers uranium mineralization with concentrations greater than\n1.0 wt% U(3)O(8) to be “high-grade”.\n\n**The Company considers radioactivity readings greater than 65,535 counts per\nsecond (cps) on a handheld RS-125 Super-Spectrometer to be “off-scale”.\n\nAbout Collective Metals\n\nCollective Metals Inc. (CSE: COMT | OTC: CLLMF | FSE: TO1) is a resource\nexploration company specializing in critical and precious metals exploration\nin North America.\n\nThe Company’s Rocas project comprises 4,002 hectares, located 75 kilometers\nsouthwest of the Key Lake Mine and Mill facilities along Highway 914, and\napproximately 72 kilometers south of the present-day margin of the Athabasca\nBasin. The Project hosts several uranium showings, including historical\nmineralized outcrop grab samples along approximately 900 metres of strike\nlength, grading up to 0.5 wt.% U(3)O(8)(1).\n\nSocial Media\n\n Twitter   @COMT_metals                                                                               \n LinkedIn  Collective Metals Inc (https://www.linkedin.com/company/collective-metals-inc/)            \n Facebook  Collective Metals Inc (https://www.facebook.com/p/Collective-Metals-Inc-100091350002708/)  \n\nON BEHALF OF COLLECTIVE METALS INC.\n\nChristopher Huggins\nChief Executive Officer\nT: 604-968-4844\nE: chris@collectivemetalsinc.com\n\nForward Looking Information\n\nThis news release includes certain “Forward-Looking Statements” within the\nmeaning of the United States Private Securities Litigation Reform Act of 1995\nand “forward-looking information” under applicable Canadian securities\nlaws. When used in this news release, the words “anticipate”,\n“believe”, “estimate”, expect”, “target”, “plan”,\n“forecast”, “may”, “would”, “could”, “schedule” and\nsimilar words or expressions, identify forward-looking statements or\ninformation.\n\nForward-looking statements and forward-looking information relating to any\nfuture mineral production, liquidity, enhanced value and capital markets\nprofile of Collective, future growth potential for Collective and its\nbusiness, and future exploration plans are based on management’s reasonable\nassumptions, estimates, expectations, analyses and opinions, which are based\non management’s experience and perception of trends, current conditions and\nexpected developments, and other factors that management believes are relevant\nand reasonable in the circumstances, but which may prove to be incorrect.\nAssumptions have been made regarding, among other things, the price of lithium\nand other metals; costs of exploration and development; the estimated costs of\ndevelopment of exploration projects; Collective’s ability to operate in a\nsafe and effective manner and its ability to obtain financing on reasonable\nterms.\n\nThis news release contains “forward-looking information” within the\nmeaning of the Canadian securities laws. Statements, other than statements of\nhistorical fact, may constitute forward looking information and include,\nwithout limitation, statements with respect to the Project and its\nmineralization potential; the Company’s objectives, goals, or future plans\nwith respect to the Project; further exploration work on the Project in the\nfuture; the expected benefits of completing the Program. With respect to the\nforward-looking information contained in this news release, the Company has\nmade numerous assumptions regarding, among other things, the geological,\nmetallurgical, engineering, financial and economic advice that the Company has\nreceived is reliable and are based upon practices and methodologies which are\nconsistent with industry standards. While the Company considers these\nassumptions to be reasonable, these assumptions are inherently subject to\nsignificant uncertainties and contingencies. Additionally, there are known and\nunknown risk factors which could cause the Company’s actual results,\nperformance or achievements to be materially different from any future\nresults, performance or achievements expressed or implied by the\nforward-looking information contained herein. Known risk factors include,\namong others: fluctuations in commodity prices and currency exchange rates;\nuncertainties relating to interpretation of well results and the geology,\ncontinuity and grade of lithium and other metal deposits; uncertainty of\nestimates of capital and operating costs, recovery rates, production estimates\nand estimated economic return; the need for cooperation of government agencies\nin the exploration and development of properties and the issuance of required\npermits; the need to obtain additional financing to develop properties and\nuncertainty as to the availability and terms of future financing; the\npossibility of delay in exploration or development programs or in construction\nprojects and uncertainty of meeting anticipated program milestones;\nuncertainty as to timely availability of permits and other governmental\napprovals; increased costs and restrictions on operations due to compliance\nwith environmental and other requirements; increased costs affecting the\nmetals industry and increased competition in the metals industry for\nproperties, qualified personnel, and management. All forward-looking\ninformation herein is qualified in its entirety by this cautionary statement,\nand the Company disclaims any obligation to revise or update any such\nforward-looking information or to publicly announce the result of any\nrevisions to any of the forward-looking information contained herein to\nreflect future results, events or developments, except as required by law.\n\nThe Canadian Securities Exchange (CSE) does not accept responsibility for the\nadequacy or accuracy of this release.\n\nFigures accompanying this announcement is available at:\n\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/a9ea93d7-c8fe-4754-bb6e-d9403fc4b86e\n\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/27370d9a-09a9-4d8e-853d-650ffce81c1e\n\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/990dcc3d-8e8c-4992-90ad-6f4b43df4358\n\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/244fc496-6c6b-4394-b8f9-8a2351293b20\n\nA Table accompanying this announcement is available at:\n\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/4165d656-dfd6-4952-8b2c-0fac00a744ea\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/48e1bd68-eeb5-4ac2-b3ba-1361bdb17a4a)\nFigure 1 \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/a9ea93d7-c8fe-4754-bb6e-d9403fc4b86e/en)\nRegional overview of the Rocas Project along Highway 914Figure 2 \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/27370d9a-09a9-4d8e-853d-650ffce81c1e/en)\nRocas Project overview, highlighting target areas tested during the 2026 drill\nprogramFigure 3 \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/990dcc3d-8e8c-4992-90ad-6f4b43df4358/en)\nDrill core photo of chloritized graphitic pelitic gneiss in ROC-26-001Figure 4\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/244fc496-6c6b-4394-b8f9-8a2351293b20/en)\nDrill core photo from ROC-26-003: Clay-altered graphitic pelitic gneiss\n(yellow), with reactivated gouge/cataclasite intervals (black), carbonate\nveining, and bounding hydrothermal hematite alteration (red)Table 1 \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/4165d656-dfd6-4952-8b2c-0fac00a744ea/en)\nWinter 2026 Rocas drilling radioactivity results\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-05-06T12:00:01.1485432Z","server_sent_at_ms":1778068801148},"received_at":"2026-05-06T12:00:01.218Z","source_url":null},"analysis":{"id":"17860","press_release_id":"23039","analysis_json":{"industry":{"label":"Materials","sector":"Materials"},"redFlags":["Assays are pending; radioactivity counts are not uniformly or directly related to uranium grades","Results rely partly on historical data not yet verified by a qualified person","Project is in early exploration stage with no defined resource or reserves"],"eventType":"other","narrative":"Collective Metals completed its inaugural 962-meter drill program at the Rocas Uranium Project, intersecting graphitic structures and anomalous radioactivity across all four reconnaissance holes.\n\nThree holes returned intervals exceeding 300 counts per second, with a peak reading of 650 cps recorded over 0.5 meters, totaling 1.5 meters of composite anomalous radioactivity.\n\nAssays for U3O8 are pending, but the company deems the results a validation of its exploration model and is planning a Phase 2 program to test the remaining 5 km of the conductor corridor.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Drill results validate geology but assays are still needed to confirm economic value."},"keyFigures":{"customDimensions":{"peak_cps":650,"drill_holes":4,"drill_meters":962,"project_hectares":4002,"radioactive_interval":1.5,"graphitic_intersection_thickness":114}},"quotedText":"The completion of our inaugural drill program at Rocas marks an important step in advancing what we believe is a highly prospective uranium system.","namedEntities":{"people":[{"name":"Christopher Huggins","role":"Chief Executive Officer"},{"name":"Sean Hillacre","role":"Qualified Person"}],"products":["Rocas Uranium Project","RS-125 super-spectrometer","RS-120 super-scintillometer"],"companies":[{"name":"Collective Metals Inc.","ticker":"COMT","relationship":"issuer"},{"name":"Standard Uranium Ltd.","relationship":"partner"},{"name":"SRC Geoanalytical Laboratories","relationship":"service provider"},{"name":"Radiation Solutions Inc.","relationship":"service provider"}],"dollarAmounts":[]},"materialImpact":{"score":2,"reasoning":"The initial drill program successfully confirmed the geological model and intersected anomalous radioactivity, which is positive for an exploration company. However, assays are pending, so the economic significance of the findings remains unproven, making this an operational validation rather than a commercial milestone."},"tickerRelevance":{"others":[],"primary":"COMT"},"globalImportance":10,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"newsType":"operational_update","tickerTier":"micro-cap","eventGravity":"exploration_results","sectorWeight":"mining"}},"event_type":"other","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"Collective Metals completed its inaugural 962-meter drill program at the Rocas Uranium Project, intersecting graphitic structures and anomalous radioactivity across all four reconnaissance holes.\n\nThree holes returned intervals exceeding 300 counts per second, with a peak reading of 650 cps recorded over 0.5 meters, totaling 1.5 meters of composite anomalous radioactivity.\n\nAssays for U3O8 are pending, but the company deems the results a validation of its exploration model and is planning a Phase 2 program to test the remaining 5 km of the conductor corridor.","key_figures":{"customDimensions":{"peak_cps":650,"drill_holes":4,"drill_meters":962,"project_hectares":4002,"radioactive_interval":1.5,"graphitic_intersection_thickness":114}},"named_entities":{"people":[{"name":"Christopher Huggins","role":"Chief Executive Officer"},{"name":"Sean Hillacre","role":"Qualified Person"}],"products":["Rocas Uranium Project","RS-125 super-spectrometer","RS-120 super-scintillometer"],"companies":[{"name":"Collective Metals Inc.","ticker":"COMT","relationship":"issuer"},{"name":"Standard Uranium Ltd.","relationship":"partner"},{"name":"SRC Geoanalytical Laboratories","relationship":"service provider"},{"name":"Radiation Solutions Inc.","relationship":"service provider"}],"dollarAmounts":[]},"model_name":"glm-4.7","prompt_hash":"sha256:6c7fa2f5e3b62e83","schema_hash":"sha256:ee8f711bc9bfba0d","created_at":"2026-05-06T21:41:08.188Z","global_importance":10,"audience_relevance":15,"importance_components":{"newsType":"operational_update","tickerTier":"micro-cap","eventGravity":"exploration_results","sectorWeight":"mining"}},"durationMs":null,"modelName":"glm-4.7"}}