The filing of an independent technical report in accordance with National Instrument 43-101 represents a pivotal step for North Atlantic Titanium Corp. (CSE:NATO) (OTC: NATQF) (FSE:Y33), as it provides a modern, compliant framework for evaluating the Everett Titanium Project in Quebec, Canada. The report, prepared by Micon International Limited, confirms that the Everett Oxide Body is a laterally extensive titanium-vanadium-phosphate mineralized system hosted within an oxide-apatite noritic gabbro of the Lac Allard magmatic suite. Historical drilling, modern surface verification sampling, analytical verification, and supporting technical studies indicate that the mineralized intrusion extends for at least 2.5 km along strike, with indications that the trend continues to the north. Critically, the body is interpreted as a single intrusive unit rather than a collection of isolated occurrences, which materially improves the project's geological understanding and exploration targeting.
Results from the 2023-2026 exploration program have validated key aspects of the historical exploration database, increasing confidence in the geological interpretation of the Everett Oxide Body. The results support the continuity of the mineralized unit and provide a modern technical framework for further exploration and evaluation. Historical metallurgical investigations and recent technical studies also support the interpretation of a consistent titanium-vanadium-phosphate mineralized system throughout the areas investigated to date. The Qualified Persons conclude that the geological continuity, mineralization style, and technical characteristics identified through historical and recent work support continued exploration and evaluation of the Everett Oxide Body.
Although no current Mineral Resource Estimate has been defined for the Everett Property, the report recommends a staged, two-phase exploration program. Phase 1, estimated at $3.58 million, or approximately $4.12 million including contingency, would comprise integrated surface exploration and geometallurgical definition work, followed by approximately 6,000 metres of diamond drilling. Subject to favourable results, Phase 2 would be initiated on a success-contingent basis and would include additional metallurgical testing, approximately 19,000 metres of drilling, geological and resource modelling, and preparation of an initial mineral resource estimate. Phase 2 is estimated at approximately $9.53 million, including $0.87 million contingency. The total recommended program of up to 25,000 metres of diamond drilling carries an estimated budget of approximately $13.65 million before taxes, including a $1.40 million contingency.
The involvement of Micon International Limited adds significant credibility to the technical report. Micon is a highly skilled multidisciplinary engineering company with service capabilities covering geology, mining, metallurgy, mineral economics, and environmental and social studies in the mining, minerals processing, and financial sectors. The firm has provided independent consulting services to the global mining industry since 1988. For North Atlantic Titanium, the report not only de-risks the project but also establishes a clear roadmap for advancing the Everett deposit, which could become a significant source of titanium, vanadium, and phosphate—critical materials for aerospace, energy storage, and agricultural sectors. Investors and stakeholders can access the full details through the original release on www.newmediawire.com or visit the company's website at www.natitanium.com.
