Final Short Form Prospectus Accessible on SEDAR+

western copper and gold corporation. (TSX: WRN) (NYSE American: WRN) (the ‘Company’) is pleased to announce that, further to its news releases dated February 11, 2026 and February 12, 2026, it has filed a final short form prospectus dated February 20, 2026 (the ‘Final Prospectus’) with the securities commissions in each of the provinces of Canada, except Quebec, in connection with its bought deal public offering of common shares of the Company (the ‘Common Shares’) at a price of C$4.15 per Common Share for gross proceeds to the Company of approximately C$80,001,625 (the ‘Offering’).

The Offering is being conducted through a syndicate of underwriters including Stifel Canada, as lead underwriter and sole bookrunner, along with ATB Capital Markets Corp., National Bank Financial Inc., Agentis Capital Markets, BMO Capital Markets, Canaccord Genuity Corp., CIBC World Markets Inc. and H.C. Wainwright & Co., LLC (collectively, the ‘Underwriters‘). The Company has granted the Underwriters an option (the ‘Over-Allotment Option‘), exercisable, in whole or in part, at any time until and including 30 days following the closing of the Offering, to purchase up to an additional 2,891,625 Common Shares of the Offering. If this option is exercised in full, an additional C$12,000,243.75 in gross proceeds will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be approximately C$92,001,869.

Access to the Final Prospectus and any amendment to the documents is provided in accordance with securities legislation relating to procedures for providing access to a prospectus. The Final Prospectus is accessible on SEDAR+ at www.sedarplus.ca. An electronic or paper copy of the Final Prospectus and any amendment may be obtained, without charge, from Stifel Canada by 161 Bay Street, Suite 3800, Toronto, Ontario, Canada M5J 2S1 or by email at syndprospectus@stifel.com by providing the contact with an email address or address, as applicable. The Final Prospectus contains important detailed information about the Company and the Offering. Prospective investors should read the Final Prospectus and the other documents the Company has filed on SEDAR+ before making an investment decision.

The Common Shares will also be offered in the United States pursuant to a prospectus filed as part of a registration statement on Form F-10 (together with any amendments thereto, the ‘Registration Statement‘) under the Canada/U.S. multi-jurisdictional disclosure system. The Registration Statement relating to the Common Shares has been filed with the United States Securities and Exchange Commission. The Registration Statement is available on EDGAR at www.sec.gov. Alternatively, the Registration Statement and the prospectus included therein may be obtained, for free upon request, from Stifel Canada at 161 Bay Street, Suite 3800, Toronto, Ontario, Canada M5J 2S1 or by email at syndprospectus@stifel.com. The Registration Statement and prospectus included therein contains important detailed information about the Company and the Offering. Prospective investors should read the Registration Statement and such prospectus and the other documents the Company has filed on EDGAR before making an investment decision.

The Offering is scheduled to close on or about February 26, 2026, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange and the NYSE American and the applicable securities regulatory authorities.

About western copper and gold corporation

western copper and gold corporation is advancing the Casino Project, Canada’s premier copper-gold mine in the Yukon and one of the most economic greenfield copper-gold mining projects in the world.

The Company is committed to working collaboratively with First Nations and local communities to progress the Casino Project, using internationally recognized responsible mining technologies and practices.

On behalf of the board,

‘Sandeep Singh’

Sandeep Singh
Chief Executive Officer
western copper and gold corporation

For more information, please contact:

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain forward-looking statements concerning the timing and completion of the Offering, the gross proceeds of the Offering and the use of proceeds from the Offering, the over-allotment option to be granted to the Underwriters, the necessary regulatory approvals required for the Offering being received and the expected closing date of the Offering. Statements that are not historical fact are ‘forward-looking statements’ as that term is defined in the United States Private Securities Litigation Reform Act of 1995 and other U.S. securities law and ‘forward-looking information’ as that term is defined in National Instrument 51-102 (‘NI 51-102’) of the Canadian Securities Administrators (collectively, ‘forward-looking statements’).

Forward-looking statements are frequently, but not always, identified by words such as ‘expects’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘potential’, ‘possible’ and similar expressions, or statements that events, conditions or results ‘will’, ‘may’, ‘could’ or ‘should’ occur or be achieved. The material factors or assumptions used to develop forward-looking statements include, but are not limited to, the assumptions that all regulatory approvals of the Offering will be obtained in a timely manner; all conditions precedent to completion of the Offering will be satisfied in a timely manner; and that market or business conditions will not change in a materially adverse manner. Forward-looking statements are statements about the future and are inherently uncertain, and actual results, performance or achievements of the Company and its subsidiaries may differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements due to a variety of risks, uncertainties and other factors. Such risks and other factors include, among others, risks involved in fluctuations in gold, copper and other commodity prices and currency exchange rates; uncertainties related to raising sufficient capital in a timely manner and on acceptable terms; and other risks and uncertainties disclosed in the Company’s AIF and Form 40-F, including those under the heading ‘Risk Factors’ and other information released by the Company and filed with the applicable regulatory agencies.

The Company’s forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and the Company does not assume, and expressly disclaims, any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284767

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Nuvau Minerals Inc. (TSXV: NMC,OTC:NMCPF) (the ‘Company’ or ‘Nuvau’) announces that, further to its news release dated January 30, 2026, it has amended the terms of its previously announced ‘best efforts’ brokered private placement offering, co-led by Clarus Securities Inc. and Integrity Capital Group Inc. (together, the ‘Agents’), comprised of (i) the offering of up to 18,750,000 units of the Company (the ‘Units’) at a price of $0.80 per Unit for gross proceeds of up to $15,000,000 (the ‘Unit Offering’) and the offering of up to 5,555,555 FT Shares (as defined herein) at a price of $0.90 per FT Share for gross proceeds of up to $5,000,000 (the ‘FT Offering’ and together with the Unit Offering, the ‘Offering’).

As amended, the Company proposes to issue up to 5,555,555 flow-through common shares of the Company (the ‘FT Shares‘) at an offering price of $0.90 per FT Share (the ‘FT Share Price‘). All FT Shares will be common shares of the Company that qualify as ‘flow-through shares’ within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec). The gross proceeds from the offering of FT Shares will be used by the Company to incur eligible ‘Canadian exploration expenses’ (as defined in the ITA), a portion of which may qualify as ‘flow-through mining expenditures’ and at least 30% of which will qualify as ‘flow-through critical mineral mining expenditures’ (‘FTCMME‘) (each as defined in the ITA) (the ‘Qualifying Expenditures‘). At the sole discretion of the Company certain subscribers of FT Shares may be allocated a higher percentage of Qualifying Expenditures that qualify as FTCMME. All Qualifying Expenditures will be incurred by the Company on or before December 31, 2027, and will be renounced in favour of the subscribers of the FT Shares with an effective date on or before December 31, 2026.

All other terms of the Offering remain unchanged. Please refer to the Company’s news release dated January 30, 2026, for additional information.

In connection with the Offering, a director of the Company, plans to sell up to 400,000 common shares of the Company (‘Common Shares‘) held, directly or indirectly, through the facilities of the TSX Venture Exchange (the ‘Exchange‘) and intends to use the proceeds from such sales to subscribe for 400,000 FT Shares under the FT Offering. The sale of such Common Shares is expected to be effected pursuant to pre-arranged trades made through the facilities of the Exchange.

Participation in the Offering by a director of the Company constitutes a ‘related party transaction’ within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘). The Company intends to rely on the exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that the fair market value of the transaction, insofar as it involves interested parties, will not exceed 25% of the Company’s market capitalization.

Closing of the Unit Offering is expected to occur on or about February 24, 2026, with the closing of the FT Offering expected to occur on or about March 6, 2026. Completion of the Offering remains subject to certain conditions, including, but not limited to, the conditional approval of Exchange. All securities issued under the Offering will be subject to a hold period expiring four months and one day from the date of issuance thereof.

The Agents will have an option (the ‘Agent’s Option‘), exercisable in whole or in part up to 48 hours prior to the closing of the Unit Offering, to offer for sale up to any combination of additional Units (or any combination of their underlying components) and/or additional FT Shares, at their respective offering prices, to raise up to an additional $5,000,000 in gross proceeds.

The securities offered have not been registered under the U.S. Securities Act, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About Nuvau
Nuvau is a Canadian mining company, incorporated under the OBCA, currently in the exploration and development phase. Nuvau’s principal asset is its right to earn-in a 100% undivided interest from Glencore in the Matagami property located in Abitibi region of central Québec, Canada pursuant to an amended and restated earn-in agreement dated January 28, 2026, among Nuvau, Nuvau Minerals Corp., and Glencore.

Further Information
All information contained in this news release with respect to the Company was supplied by the respective party for inclusion herein, and each party and its directors and officers have relied on the other party for any information concerning the other party.

Cautionary Statements
This news release contains forward-looking statements and forward-looking information (collectively, ‘forward-looking statements‘) within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward- looking statements. Forward-looking statements are often identified by terms such as ‘may’, ‘should’, ‘anticipate’, ‘will’, ‘estimates’, ‘believes’, ‘intends’ ‘expects’ and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements concerning the timing and ability of the Company to close the Offering on the terms announced, the proposed use of proceeds of the Offering, the Company’s ability to incur Qualifying Expenditures and renounce the Qualifying Expenditures to subscribers, and the Company’s ability to obtain exchange approval for the Offering. Forward-looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the Company, including expectations and assumptions concerning the Company and the Matagami Property. Readers are cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by the management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

The forward-looking statements contained in this news release are made as of the date of this news release, and are expressly qualified by the foregoing cautionary statement. Except as expressly required by securities law, the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284780

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Perth, Australia (ABN Newswire) – Basin Energy Limited (ASX:BSN) (OTCMKTS:BSNEF) reported results from its initial drilling program at the district scale Sybella Barkly Project (‘Sybella Barkly’ or the ‘Project’), confirming sediment-hosted REE anomalism and defining a laterally extensive palaeochannel architecture prospective for channel-hosted roll-front uranium mineralisation.

Key Highlights

– Maiden drilling confirms district-scale, sediment-hosted Rare Earth Element (‘REE’) system potential at Sybella Barkly.

– Total Rare Earth Element Oxides (‘TREO’) mineralisation intersected at 54 metres depth and remains open, highlighting significant upside from limited drilling to date.

o SBDH25021: 2 m @ 1,112 ppm TREO from 54 m to end of hole, including 302 ppm NdPr oxide from 54 m, within broader 5 m @ 850 ppm TREO.

o Neighbouring holes that did not reach a comparable depth, demonstrate similar down hole anomalism with up to 3 m at 534 ppm TREO.

– Geological continuity demonstrated over kilometres of strike. One drill hole ending in the interpreted mineralised horizon leaving the system open in all directions.

– Multiple additional TREO intercepts across widely spaced drill holes confirm a laterally extensive REE system, including:

o SBDH25027: 3 m @ 920 ppm TREO from 32 m within 6 m @ 734 ppm TREO from 29 m; including 6 m @ 135 ppm NdPr oxide

o SBDH25040: 3 m @ 700 ppm TREO from 35 m; including 164 ppm NdPr oxide

o SBDH25098: 9 m @ 584 ppm TREO from 19 m; including 104 ppm NdPr oxide

– Identified mineralisation confirms the concept of REEs being mobilised into the Barkly tablelands sediments, opening an entire new system for exploration.

– Drilling has also defined a coherent multi-kilometre palaeochannel system prospective for roll-front uranium, with uranium anomalism of up to 35 ppm U3O8 intersected within oxidised channel sediments.

– Refined geological model has expanded the prospective footprint and resulted in additional samples from phase 1 being submitted for analysis. Results are expected in late Q1.

– Based on encouraging initial REE results, a follow-up drill program has been approved to test open REE mineralisation, to be undertaken in parallel with first pass drilling of highly prospective hard-rock REE targets.

Phase 1 drilling was completed across the northern half of the Project. Aircore drillholes targeted regional scale electromagnetic (‘EM’) conductors interpreted to be prospective for REE mineralisation and palaeochannel uranium mineralisation. Part of the drilling program was eligible for the Queensland Government CEI grant scheme, where Basin can claim $150,000 toward costs.

This maiden program represents the first systematic drilling of the Project and successfully validates the Company’s geological concept for the district-scale sediment hosted REE and uranium potential, with drill holes spaced kilometres apart. The recognition of the REE mineralisation beneath the initial target horizon is extremely exciting, validating the Company’s concept and taking it to the next level.

Managing Director, Pete Moorhouse commented:

‘With these exciting results from our initial drill campaign, the Board has fast tracked approval for follow-on drilling. The next drill program will test both the sediment hosted REE mineralisation for depth continuity at hole SBDH25021 and the advanced hard rock rare earth prospects near Newmans Bore, akin to the Red Metal Sybella Discovery. This program will commence as soon as weather and conditions permit.

Phase 1 drilling commenced on the most greenfield target set of Basin’s recently acquired Sybella Barkly portfolio, targeting the sediment hosted potential for uranium and REEs. This was completed first to satisfy requirements set by the Queensland Government co-founding exploration incentive that will see Basin receive $150K contribution toward the drilling costs.

Drilling primarily targeted conductive clay horizons, however, our best REE anomalism was intersected underneath this horizon. Drillhole SBDH25021, which ended in 2 metres of over 1,100 ppm TREO below this horizon, leaves fantastic upside in all directions. Surrounding drillholes that failed to drill underneath the clay horizons, confirmed the presence of laterally extensive geochemical anomalism associated with the same upper sequence, further supporting the target. This data proves the concept that the REE-rich Sybella granites are shedding and mobilising REE throughout the expansive sediments of the Barkly tablelands and supports further drilling.

From a uranium perspective, we successfully defined an extensive coherent palaeochannel system capable of transporting and concentrating uranium. Considering the presence of multiple metres of strongly anomalous uranium within these sediments, this demonstrates a potential active system, with the next steps being to follow the channels to find the favourable reduced environments suitable to act as a trap. The potential for a South Australian Frome Basin style system here in Queensland is tangible.’

District Scale Sediment-Hosted REE System Confirmed

Basin’s maiden drill program identified REE anomalism across several drill holes and stratigraphic horizons (Figures 1 & 2*). Critical to the exploration of the Project, drilling has identified a prospective horizon underneath the previous target zone of the airborne EM conductor. This horizon is located directly beneath a thick red clay sequence, in which the majority of holes terminated within. Drillhole SBDH25021 is one a of few drillholes of the program that drilled through the oxidised horizon and ended in mineralisation directly beneath:

– SBDH25021: 2 m @ 1,112 ppm TREO including 2 m @ 302 ppm NdPr oxide from 54 m to the end of hole within a broader 5 m @ 850 ppm TREO from 51 m.

Drill hole SBDH25023, located approximately 2 km to the southwest, stopped at the base of the red clay sequence however returned an elevated value of 2 m at 390 ppm TREO at the end of hole, importantly showing anomalism in the same stratigraphic horizon to hole SBDH25021.

A further 3.5 km to the west, hole SBDH25022 drilled through the red clays into a gravel unit, which also demonstrated anomalous TREO of 3 m at 534 ppm from 32 m. These are the only holes to drill through the red clays in this region, and all show increased TREO levels as the hole approaches the prospective horizon (Figures 1 and 2*).

Anomalous neodymium and praseodymium oxide (‘NdPr oxide’) values are associated with these intercepts, supporting the potential magnet REE content. Refer to Appendix 2* for drillhole collar information and Appendix 3* for assay results.

Other significant intercepts from the program, as defined for the highlights as over 500 ppm TREO over 3 metres, include:

o Drillhole SBDH25027: 3 m @ 920 ppm TREO from 32 m within 6 m @ 734 ppm TREO from 29 m; including 6 m @ 135 ppm NdPr oxide.

o Drillhole SBDH25040: 3 m @ 700 ppm TREO from 35 m; including 164 ppm NdPr oxide.

o Drillhole SBDH25098: 9 m @ 584 ppm TREO from 19 m; including 104 ppm NdPr oxide.

o Drillhole SBDH25093: 3 m @ 546 ppm TREO from 19 m.

Drilling has established a laterally extensive sediment-hosted prospective REE system using very wide spaced drill holes, typically over 1 kilometre apart. Geological and geochemical relationships indicate that the potential for further, higher-grade TREO exists, especially directly beneath the red clay zone as shown in figure 1*.

This revised targeting and lithological relationship has prompted the Company to expand its geochemical sampling program, with additional prospective samples being submitted for analysis. The initial sampling regime had been based on the conductive clay target model. Additionally, individual metre samples have been selected and submitted for higher resolution analysis of intervals of interest, critical for understanding mineral controls and distribution.

Palaeoflow directions data indicates that the system may extend directly south where no EM data exists to map the clays and channels. As part of this, Basin is assessing options for obtaining geophysics to map the southern extensions to the EM coverage.

Palaeochannel Architecture and Uranium Prospectivity Defined

Phase 1 drilling has delineated a coherent palaeochannel system characterised by stacked sands and basal gravels, interpreted to represent a significant palaeodrainage network with a broad north-south palaeoflow direction. Key observations include:

– Consistent channel architecture across kilometre-scale strike

– Widespread oxidised and bleached sands indicative of sustained groundwater flow

– Elevated uranium values locally associated with channel sands and basal gravels, with results of up to 35 ppm U3O8 over 3 m (Figure 3*), representing approximately 10 times background.

Drillhole SBDH25027 returned 14 m @ 18 ppm U3O8, including 3 m @ 25 ppm U3O8 from 29 m and 3 m at 35 ppm U3O8 from 32 m. Strongly anomalous vanadium values were also returned for this interval, including a peak of 480 ppm from 29 to 32 m.

Step-out drilling along these interpreted channels demonstrates a transition from a clean, highly permeable white sand unit proximal to the Sybella Granites, to oxidised channel facies with evidence for uranium mobilisation providing a clear geological and geochemical vector toward more prospective reduced environments that remain untested to the south.

Chip tray observations indicate the drilled palaeochannel sediments are predominantly oxidised and locally bleached, with no obvious reduced (grey/green) facies observed in the intervals drilled to date. This is consistent with the oxidised transport domain of a roll-front system, and suggests the potential reduced trap remains untested further down-gradient.

The EM data has proven to be an excellent tool in palaeochannel mapping, which allows follow-up on distal drilling down hydraulic gradient, along with systematic fenceline drilling.

Next District Scale Target – Granite Hosted REE Potential

Basin has completed access arrangements to allow Phase 2 drilling; which will target the hard rock potential of the various granites comprising the Sybella Batholith. These rocks are known to contain zones of enriched REE, including the Red Metal (ASX:RDM) owned Sybella Discovery (4.795 Bt @ 302 ppm NdPr using a 200 ppm NdPr cutoff grade).

A shallow proof of concept auger drill hole program was completed in 2023 on the project area which demonstrated the presence of strongly anomalous REEs, refer figures 4 and 6*. A total of 82 auger holes were completed, with a maximum hole depth of 18 m and several of which were never assayed.

Strong REE anomalism was identified across three prospects (Figure 4*) with the best anomaly being 5 m at 1,951 ppm TREO with 578 ppm NdPr oxide from 4 m to the end of hole. Drilling at Newman’s prospect highlighted a 3.7 km strike length prospective zone where drilling returned TREO values >1,000 ppm.

These results are very significant, considering all were reported to the end of holes (auger blade refusal), and the analogy in the geochemical anomaly of the Red Metal’s Sybella deposit, refer figure 5 and 6*.

Additionally, the newly completed drilling has identified elevated TREOs in the drainage system directly west of Newmans, refer figure 1*. This appears to demonstrate a different signature to the sediment hosted REE anomalism and instead has a correlation with sand and gravels. This could be interpreted as direct mobilisation from the mineralised granites at Newmans.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/5UE5S6DT

About Basin Energy Ltd:

Basin Energy Ltd (ASX:BSN) (OTCMKTS:BSNEF) is a green energy metals exploration and development company with an interest in three highly prospective projects positioned in the southeast corner and margins of the world-renowned Athabasca Basin in Canada and has recently acquired a significant portfolio of Green Energy Metals exploration assets located in Scandinavia.

Source:
Basin Energy Ltd

Contact:
Pete Moorhouse
Managing Director
pete.m@basinenergy.com.au
+61 7 3667 7449

Chloe Hayes
Investor and Media Relations
chloe@janemorganmanagement.com.au
+61 458619317

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Visit Rapid Critical Metals (ASX: RCM) at Booth #3142 at the Prospectors & Developers Association of Canada’s (PDAC) Convention at the Metro Toronto Convention Centre (MTCC) from Sunday, March 1 to Wednesday, March 4, 2026.

About Rapid Critical Metals

Rapid Critical Metals (ASX: RCM) (ASX: RCMO) is an exploration company driving the discovery and development of high-grade silver and critical mineral assets. Following a transformational pivot in mid-2025, Rapid has assembled a high-impact portfolio anchored by the Webbs and Conrads Silver Projects in New South Wales and the Prophet River Gallium–Germanium Project in British Columbia, Canada. Both projects sit within geologically rich, infrastructure-ready regions and present strong potential for near-term exploration success.Headquartered in Sydney, Rapid is fully funded and strategically positioned to deliver growth through aggressive exploration and value-accretive development. Led by an experienced team, including Chairman John Poynton AO and Managing Director Byron Miles, the Company is advancing a catalyst-rich program — with resource upgrades, step-out drilling, and new target testing set to drive a steady flow of news and shareholder value in the months ahead.

About PDAC

The World’s Premier Mineral Exploration & Mining Convention is the leading convention for people, governments, companies and organizations connected to mineral exploration. In addition to meeting more than 1,100 exhibitors, 2,500 investors and 26,000 attendees in person in 2024, participants could also attend programming, courses and networking events.

The annual convention is held in Toronto, Canada. It has grown in size, stature and influence since it began in 1932 and today is the event of choice for the world’s mineral industry.

For more information and/or to register for the conference please visit: https://www.pdac.ca/convention.

We look forward to seeing you there.

For further information:

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