Koppies is Elevate’s most advanced project, located within the globally significant Erongo uranium province

Koppies is Elevate’s most advanced project, located within the globally significant Erongo uranium province. Extensive exploration has confirmed high−grade, shallow uranium mineralization, making it a priority for devel- opment. The project benefits from its proximity to existing infrastructure, including major uranium mines and transportation networks, providing a pathway to future production. The company continues to expand the known resource at Koppies through aggressive drilling programs and plans to release a maiden resource estimate in the near future. Initial results have shown promising grades and continuity of mineralization, supporting its potential to be a low−cost, high−value uranium project. These two exploration licenses, also located in Namibia, provide additional growth potential for Elevate Uranium. The Marenica project is home to the company’s proprietary U−pgrade™ process, which is designed to lower operating costs by reducing the volume of material that needs to be processed. The Hirabeb project, meanwhile, is at an earlier stage, with the company actively conducting exploration activities to define the extent of its uranium resources.