October 21, 2026 – TheNewswire - Capacitor Metals Corp. (the “Company” or “Capacitor”) is pleased to announce that it has engaged SRK Consulting (“SRK”) to complete an updated and 43-101 compliant Preliminary Economic Assessment (PEA) for the Upper Fir Tantalum and Niobium Deposit, in British Columbia, Canada.

 

In June, SRK reviewed all available project data and determined that there was sufficient data available to complete an updated PEA, which will take into account, among other factors, the current commodity prices for both tantalum and niobium.

 

In regards the work for the PEA, SRK were on site in Blue River in early September and reviewed amounts of the +59,000 meters of previous drilling on the Upper Fir Deposit and visited the bulk sample pits from where ~2,000 tonnes were extracted prior to the original and historic PEA produced by Amec in 2011.

 

The new study by SRK will factor in the marked difference in currency exchange in the last decade, as well as the significantly higher tantalum spot market price and the recent price increase for niobium. It is expected that the new PEA will be completed within Q1 2027.

 

Capacitor Metals President Chris Grove says “We are excited to have SRK working on the updated economics for our Upper Fir Deposit, considering the heightened global dynamics for tantalum, with continued increased global demand against issues on the side of supply. We look forward to the release of this updated PEA.”

About SRK Consulting Inc.

 

SRK is an independent, international consulting practice that provides focused advice and solutions to

clients, mainly from earth and water resource industries. For mining projects, SRK offers services from

exploration through feasibility, mine planning, and production to mine closure. Formed in 1974, SRK now employs more than 1,700 professionals in over 44 offices on 6 continents.

 

About Capacitor Metals Corp.

 

Capacitor Metals Corp. is a British Columbia 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 and Niobium Deposit has undergone substantial exploration and technical evaluation, with more than CAD$34 million spent to date. Completed work includes over 59,000 meters of drilling in 271 drill holes, community consultations, and preliminary metallurgical and environmental studies. AMEC prepared a Preliminary Economic Assessment (“PEA”) for a prior owner of the Property, effective September 29, 2011, followed by a mineral resource update effective June 21, 2013. A subsequent technical report, titled NI 43-101 Blue River Tantalum-Niobium Project, British Columbia, Canada – Project Update Report, was prepared by Amec Foster Wheeler Americas Limited and Nimbus Management Ltd., effective March 18, 2015. The 2011 PEA is referenced solely as work previously completed; its economic inputs were subsequently considered outdated and its results should not be relied upon as representing current project economics

 

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 and statements that the Company is positioned to be one of the lowest cost tantalum-niobium producers globally and a focus on being a long-term supplier of tantalum and niobium.

 

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 any  planned exploration and development programs on the Property; that any applications to drill may be denied; that weather, logistical problems or hazards may prevent us from exploration; that equipment that we may require to undertake any exploration or drilling activity may not work as well as expected; that analysis of data may not be possible accurately and at depth; that any results which have been found in any particular location are not necessarily indicative of larger areas of our properties; that we may not complete any required 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.

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