North Atlantic Titanium Corp. (CSE: NATO) (OTCQB: NATQ.F) (FSE: Y33) announced that it has submitted applications for drilling permits for its diamond drill program at the Everett Titanium-Vanadium-Phosphate project near Havre-Saint-Pierre, Quebec. The company holds the 2,406-hectare Everett property under an option agreement with Romaine River Titanium Inc.
The company has received confirmation from its Quebec environmental consultants that the following permits have been fully filed on behalf of Romaine River and the Company: a Permit for forestry activities (PAF) and a Permit for Work with Impact (ATI) for the drilling campaign. The drilling plan focuses on confirming historical 1951 and 1968 diamond drilling in the northern area of the exposed Everett Oxide Body, with approximately 25,000 meters of drilling across 20 drill pads to be completed in three years or less.
Forest impacts are expected to be minimal because the company is mostly brushing out historical drill trails for access. The work will provide access to both the north and south areas of the 2.5-kilometer-long exposure of the Everett Oxide Body. Diamond drilling will proceed in success-contingent stages to test the northern area, leading to a mineral resource estimate (MRE). Drilling depths are expected to be less than 350 meters, as described in the ATI application. All drilling sites will be accessed via trails prepared during this year's forestry permit.
Dwayne Yaretz, CEO of North Atlantic Titanium, stated: "Metallurgical results from the ongoing Elements08 metallurgical testing reinforce the Company’s strategy to advance a secure, domestic critical minerals processing supply chain in Canada - supporting defense readiness and the reshoring of Western titanium metal production. Work under this ATI permit application will define our technical program and follow-up drilling for the next 18 to 24 months."
On March 31, 2026, the company joined Romaine River in a collaboration with the Centre technologique des residus industriels (CTRI), Impact Global Solutions (IGS), and Corem in support of metallurgical testing at the Everett project. The program is managed by the Elements08 Strategic Metals Excellence Centre, partly funded by the Government of Quebec. More information about the company and its projects can be found on its website at https://www.natitanium.com.
This news release contains forward-looking statements subject to risks and uncertainties, including general economic conditions and stock market volatility. Readers are cautioned not to place undue reliance on these statements.
