Business Description

Note 1. Company Overview The Company is a gold, antimony, and critical minerals exploration and development company focused on advancing its flagship project in Alaska, the Estelle Project. On June 16, 2026 (the “Effective Date”), the Company became the ultimate parent of Nova Minerals Limited and its subsidiaries pursuant to a Scheme of Arrangement under the Australian Corporations Act 2001 (the “Redomiciliation”). The Redomiciliation did not result in any change in the underlying operations, assets, liabilities, or ultimate economic ownership of the Nova Minerals group. See Note 2 — Summary of Significant Accounting Policies for the accounting treatment of the Redomiciliation, Note 12 — Common Stock and Additional Paid-in Capital for information regarding the Share Consolidation effected through the Redomiciliation, additional information regarding the consummation of the redomiciliation and the related option modification analysis.