Automata Rare Earth Corp. Welcomes Significant Copper-Gold Discovery at Pirate Gold's Neighbouring Moby Dick Project in Central Newfoundland

Automata Rare Earth Corp. Welcomes Significant Copper-Gold Discovery at Pirate Gold's Neighbouring Moby Dick Project in Central Newfoundland

(TheNewswire)

Vancouver, British Columbia – TheNewswire - July 24, 2026 – Automata Rare Earth Corp. (CSE: AREE) (FSE: 7K0) (the “Company” or “Automata”) congratulates Pirate Gold Corp. (TSXV: YARR) on its continued success advancing the copper-gold discovery at their Moby Dick target, located within the Crippleback area of its 100%-owned Treasure Island Project in Central Newfoundland.

Automata holds an option to acquire 100% interest in the Burnt Pond Project, located approximately 10km from  Pirate Gold’s Moby Dick copper-gold discovery. Pirate Gold’s recently reported drill results highlight the emerging copper-gold potential of the broader district and provide additional support for continued exploration along the region’s prospective structural and intrusive trends.

Pirate Gold reported that its Treasure Island Project covers more than 90 kilometres of strike length along the Valentine Lake Fault Zone, within one of Canada’s most active gold districts. The Crippleback Intrusive Suite reportedly extends for approximately 40 kilometres along the fault zone in the southern portion of the Treasure Island Project.

At the Moby Dick target, Pirate Gold has identified a large advanced argillic alteration zone that was first recognized in 2024. Drilling has reportedly confirmed the alteration system over an area measuring approximately 3,100 metres in length, 850 metres in width and to a vertical depth of at least 500 metres. Pirate Gold has stated that the full extent of the system remains unknown and is currently limited only by the drilling completed to date.

Pirate Gold’s June 17, 2026 pressrRelease reported drilling highlights of:

• “0.38% copper equivalent over 112.4 metres, including 0.72% copper equivalent over 45.0 metres, in drill hole PGC-26-058; and 

• 0.54% copper equivalent over 180.8 metres, including 1.48% copper equivalent over 49.4 metres, in drill hole PGC-26-068. 

The results referenced above were reported in publicly available disclosure issued by Pirate Gold and have not been independently verified by Automata. Mineralization hosted on adjacent or nearby properties is not necessarily indicative of mineralization that may be hosted on the Burnt Pond Project.

Regional Significance for Burnt Pond