US Critical Metals completes Korn Kob Copper acquisition in Arizona

Vancouver, British Columbia--(Newsfile Corp. - July 31, 2026) - US Critical Metals Corp. (CSE: USCM) (OTCQB: USCMF) (FSE: 0IU) (" USCM " or the " Company ") is pleased to announce that it has completed its previously announced acquisition (the " Acquisition ") of the Korn Kob Copper Project located in Arizona, USA (the " Property ") pursuant to the Share Purchase Agreement (the " SPA ") dated July 10, 2026 between USCM, 1582577 B.C. Ltd. (the " Target "), and the shareholders of the Target. Pursuant to the SPA, the Company acquired the Target and issued 15,025,000 common shares of USCM (the " Consideration Shares ") to the shareholders of the Target on a pro-rata basis, at a price of $0.12, being equal to the market price of the common shares of the Company on the Canadian Securities Exchange on the last business day prior to the date of execution of the SPA.

The Property comprises 146 unpatented lode mining claims covering approximately 1,200 hectares in the Laramide copper belt of southern Arizona. 144 of the claims are held directly by the Target's subsidiary Bullock Canyon Project (US) LLC and two of the claims are subject to an exploration lease and option to purchase agreement between the Target and the owners of the two claims (the " Option Agreement "). The Property hosts a large, near-surface copper system that has been the subject of extensive historical exploration, including approximately 10,600 metres of reverse circulation drilling completed in 105 drill holes by previous operators. Historical drilling outlined broad intervals of oxide and mixed copper mineralization, including intercepts of 124.97 metres grading 0.36% total copper and 80.77 metres grading 0.52% total copper.

The qualified person has not done sufficient work to classify the historical drill results as current mineral resources or mineral reserves, and the Company is not treating the historical drill results as such. The historical results should not be relied upon as indicative of the presence of mineral resources or mineral reserves on the Property. A qualified person has not verified the data, and there is a risk that subsequent exploration will not confirm the historical results.

In connection with the Acquisition, the Company has obtained, through acquiring the Target, all rights under the Option Agreement, all available historical exploration data, and all technical information and associated intellectual property relating to prior exploration programs. The Property is located on U.S. Forest Service lands and remains at the exploration stage. No mining permits, production facilities or patented mining claims form part of the Acquisition.

The consideration payable under the SPA was determined through arm's-length commercial negotiations between the parties. In determining the purchase price, the Company considered several factors, including the scale of historical exploration completed on the Property, the cost and time required to reproduce the existing exploration database, comparable transactions involving exploration copper projects in North America, prevailing market conditions for copper exploration assets, and the strategic location of the Property within Arizona's established copper district. The Company believes the extensive historical drilling and technical database reduce exploration risk and provide an opportunity to advance the Property.