Combined Package

A Foundational EU Resource

Two complementary deposits in Slovakia's Battery Belt — acquired together in January 2026 from VMS Exploration s.r.o.

Location

Why Slovakia

EU Member State

Domestic extraction directly inside the European Union — fully aligned with the EU Critical Raw Materials Act's 10% domestic mandate for 2030.

Automotive Heartland

Slovakia produces more cars per capita than any country on Earth. VW-Porsche, Volvo-Northvolt, and InoBat are all within 240 km of the deposits.

Mature Mining Jurisdiction

Centuries of Slovak mining history. Established ŠGÚDŠ geological data, workforce, and supply-chain infrastructure.

⚠ Important Regulatory Disclaimer: The historical resource estimates for both Svabovce and Michalova were published by the Slovak State Geological Institute (ŠGÚDŠ) under the GKZ classification system (A+B+C₁+C₂). These estimates are NOT NI 43-101 compliant mineral resources. A qualified person has not done sufficient work to classify these historical estimates as current mineral resources or mineral reserves. A NI 43-101 Technical Report for the Slovakia manganese assets is planned for Q4 2026 / Q1 2027.
Work Program

Development Timeline

Union Power Metals is in the early stages of advancing both Slovakia licences. The work program below represents our current planning intentions — specific activities and timing remain subject to review and may change as technical work progresses.

January 2026 ✓ Completed
Acquisition of Svabovce & Michalova Licences
Formal acquisition of both exploration licences in Slovakia — Svabovce (30.52 km²) and Michalova (14.99 km²) — establishing Union Power Metals as the licence holder for both deposits and initiating the regulatory compliance and technical review process.
Started Aug 2026 In Progress
Maiden Drill Program at Michalova
The first hole was spudded in August 2026. The maiden drill program — a planned 25-hole, approximately 1,000-metre campaign — twins selected historical drill collars to verify Slovak state-archive data, while representative oxide and carbonate composites are assembled for metallurgical testwork. Updates will follow as analytical and metallurgical results become available.
H2 2026 Planned
Metallurgical Testing & Resource Drilling
Metallurgical testwork to characterise the carbonate ore processing response for both deposits, alongside ongoing resource definition drilling. Specific program design will be informed by results from earlier confirmatory work. We have not yet decided what the full program will look like.
Underway · targeted early 2027 In Progress
NI 43-101 Resource Estimate & Technical Report
SLR Consulting (Canada) Ltd. and Luke Evans, M.Sc., P.Eng. were engaged in May 2026 to complete the initial NI 43-101 Mineral Resource Estimate and Technical Report for the Michalova Manganese Project, targeted for delivery in early 2027, followed by internal economic scoping to evaluate development pathways. Timing may adjust as work advances and will be communicated to shareholders.
Forward-Looking Statement: The development timeline above contains forward-looking statements based on current planning intentions. Actual activities, timing, and outcomes may differ materially. Union Power Metals makes no guarantee as to the completion of any specific work program item. All resource estimates referenced are historic GKZ-classified estimates — NOT NI 43-101 compliant mineral resources or mineral reserves.