July 24, 2026 – TheNewswire – Capacitor Metals Corp. (the “Company” or “Capacitor”) is pleased to provide an update on the progress of the BLOOM Critical Materials Project funded by Horizon Europe, the European Union’s €93.5 billion fund for research and innovation, the largest such program in the world.

 

Led by Dr. Josep Oliva at the Universitat Politècnica de Catalunya (UPC), in Barcelona, Spain, the BLOOM project is a Critical Raw Materials focused project and is integrated by a multidisciplinary group of 14 partners from 6 different countries. The BLOOM project’s goal is to develop new MLA-online sensor (mineral liberation analysis) technologies to improve how critical raw materials (CRMs) like tantalum and niobium are extracted and processed, thereby strengthening EU supply chains and reducing EU dependency on critical minerals imports from unreliable regions. Capacitor Metals’ advanced Upper Fir Tantalum and Niobium Deposit is a key contributor to the EU BLOOM project.

 

As previously announced (Capacitor Metals news April 4, 2025) the Company received grant funding for the delivery of sample material from the Upper Fir Tantalum & Niobium Deposit in British Columbia for the BLOOM Critical Materials Program. The Company delivered ~20 kilograms of drill core, ~220 kilograms of pulverized material, and ~820 kilograms of crushed rock to UPC in Barcelona, Spain.

 

The BLOOM project review took place on July 7th at UPC in Barcelona, and on July 8th, at the UPC facility in Manresa, Spain where the containerized mobile processing facility has been created. This containerized processing facility is intended to be portable and will be moved to locations on, or proximal to, source material feed stock. Please see photos of the mobile facility on the Company’s website.

Capacitor Metals President Chris Grove states, “It was great to see our Upper Fir Deposit feed stock at the UPC facility in Manresa, and to receive the data from the mineralogical characterization of our material completed by the BLOOM project. As was detailed, our dominant minerals are pyrochlore and ferro-columbite. We certainly look forward to the next stages of the BLOOM project and will continue to support this endeavor in all ways possible.”

 

The Upper Fir Tantalum & Niobium Deposit is one of the world’s largest defined resources of tantalum, with a current indicated resource of 48.4 M tonnes at 197 ppm tantalum and 1,610 ppm niobium, and an inferred resource of 5.4 M tonnes at 191 ppm tantalum and 1,760 niobium. The indicated resource amounts to 21M pounds of tantalum and 171M pounds of niobium. The inferred resource amounts to 2.2M pounds of tantalum and 21M pounds of niobium.

  

About Capacitor Metals Corp.

 

Capacitor Metals Corp. is a British Columbia Incorporated Company focused on the development of the Blue River Tantalum-Niobium Property located in British Columbia, Canada. The Company is positioned to be one of the lowest cost tantalum-niobium producers globally, with a specific focus on being a long-term supplier of tantalum and niobium to the global market.

 

The Blue River Property is a fully serviced site in mining-friendly British Columbia, Canada with excellent infrastructure close at hand, including rail, paved road, water, and power adjacent to project site.

 

The Property contains three defined deposits of tantalum and niobium, the Verity, the Fir and the Upper Fir, and an additional 20+ mineralized known exploration targets.

 

The Upper Fir Tantalum & Niobium Deposit is advanced with significant work already completed. CAD$34M+ has been spent to date, including +59,000 meters drilled in 271 drill holes, an historical Preliminary Economic Assessment (“PEA”), community consultations, and preliminary metallurgical and environmental work.

 

Within the Blue River Property, the Upper Fir deposit has a significant historical indicated resource of 9.6M kg contained tantalum and 77.8M kg contained niobium plus an historical inferred resource of 1.0M kg contained tantalum and 9.6M kg contained niobium.

 

For more information, please visit the corporate website at www.capacitormetals.com or email jschroenn@capacitormetals.com.

 

On Behalf of the Board of Directors

Capacitor Metals Corp.

 

Chris Grove

President & CEO

Tel: 236 484 0284

Email:         cgrove@capacitormetals.com

Web: www.capacitormetals.com

 

Forward Looking Statements

This news release contains forward-looking statements, which includes any information about activities, events or developments that the Company believes, expects or anticipates will or may occur in the future. Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Forward looking statements in this news release include that the Company is specifically focused on the development of its Blue River tantalum and niobium deposit in British Columbia,

 

It is important to note that actual outcomes and the Company’s actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include economic, competitive, governmental, environmental, and technological factors that may affect the Company’s operations, markets, products, and prices. Factors that could cause actual results to differ materially may include misinterpretation of data; that we may not be able to get equipment or labour as we need it; that we may not be able to raise sufficient funds to complete our intended exploration and development; that our applications to drill may be denied; that weather, logistical problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that analysis of data may not be possible accurately and at depth; that results which we or others have found in any particular location are not necessarily indicative of larger areas of our properties; that we may not complete environmental programs in a timely manner or at all; that market prices for tantalum & niobium may not justify commercial production costs; and that despite encouraging data there may be no commercially exploitable mineralization on our properties.

 

Not for dissemination in the United States