# VMS: Red Mountain MRE Updated with Strontium and Magnesium Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03148806 Publisher: asx Original announcement: 2026-10-05T22:45:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-05T23:08:52.514Z Atlas analysis updated: 2026-10-05T23:08:52.514Z - Company: Venari Minerals NL - Ticker: VMS - Exchange: ASX - Region: Nevada, USA - Primary commodity: Lithium - Secondary commodities: Strontium, Magnesium - Document categories: Resource update, Drill results, Metallurgy - Extracted: 2026-10-05 23:08:53 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Venari Minerals has updated its Red Mountain Mineral Resource Estimate \(MRE\) to include significant strontium and magnesium by-products, alongside the previously estimated lithium. This enhancement positions Red Mountain as the only MRE in the USA containing strontium, a strategic material for which the US is 100% import-dependent, and adds substantial economic potential to the project. The MRE now comprises 500Mt at 0.61% LCE, 0.53% Strontium Carbonate Equivalent \(SCE\), and 2.40% Mg, all in the Inferred category. Reasoning: The MRE update significantly enhances the project's value and strategic importance by incorporating high-value strontium and magnesium by-products, positioning it uniquely in the US market for strategic materials, despite the resource remaining entirely in the Inferred category. - Positive factor: Addition of high-value strategic by-products \(strontium, magnesium\) - Positive factor: Red Mountain is the only MRE in the USA containing strontium - Positive factor: Strontium is a US Strategic Material with 100% import dependence - Positive factor: Magnesium is a US Critical Mineral with 59% import dependence - Positive factor: By-products enhance economic potential and revenue optionality - Positive factor: JORC compliant MRE - Positive factor: QP/CP signed off - Positive factor: Clear MRE expansion upside - Positive factor: Ongoing infill drilling for MRE upgrade - Positive factor: Comprehensive metallurgical test-work program underway - Negative factor: All resources are Inferred - Negative factor: By-products are not economic to mine on their own - Negative factor: No new metallurgical results presented for by-products - Negative factor: Drill intersections are historical, only updated with new elements Facts used in scoring: 105 ## Classification and evidence **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a mill\_cil route \("concentrator"\) **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: the document describes a gravity route \("gravity"\) **POX/BIOX Route** Polarity: neutral Definition: Pressure or bio-oxidation for refractory ore — high CAPEX and OPEX. Why it applies: the document describes a pox\_biox route \("roasting"\) ## Extracted facts Stored fact records: 105. Some facts used in scoring do not have a stored record. ## Drill Results (42) ### RMRC001 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-63) Red Mountain Lithium and Strategic Metals · lithium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC001 - Project: Red Mountain Lithium and Strategic Metals - Commodity: lithium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 1300 - Grade Unit: ppm - Intercept: 59.4 m - From: 73.2 m - To: 132.6 m - Intercept Depth: 73.2 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC001:73.2-132.6 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637610.2 - Northing: 4285588.8 - CRS: NAD83 UTM Zone 11 - Elevation: 1732.2 m - Azimuth: 179.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Historical lithium intercept with good grade and width, now re-reported with additional elements, but still an inferred resource. - Positive factor: Good grade and width for lithium - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC001 intersected 59.4m @ 1,300ppm Li, 2,170ppm Sr and 2.5% Mg from 73.2m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC001 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-64) Red Mountain Lithium and Strategic Metals · strontium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC001 - Project: Red Mountain Lithium and Strategic Metals - Commodity: strontium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 2170 - Grade Unit: ppm - Intercept: 59.4 m - From: 73.2 m - To: 132.6 m - Intercept Depth: 73.2 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC001:73.2-132.6 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637610.2 - Northing: 4285588.8 - CRS: NAD83 UTM Zone 11 - Elevation: 1732.2 m - Azimuth: 179.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New reporting of strontium grades for a historical intercept, adding strategic value, but still an inferred resource. - Positive factor: New strategic by-product reporting - Positive factor: Good grade and width for strontium - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC001 intersected 59.4m @ 1,300ppm Li, 2,170ppm Sr and 2.5% Mg from 73.2m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC001 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-65) Red Mountain Lithium and Strategic Metals · magnesium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC001 - Project: Red Mountain Lithium and Strategic Metals - Commodity: magnesium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 2.5 - Grade Unit: % - Intercept: 59.4 m - From: 73.2 m - To: 132.6 m - Intercept Depth: 73.2 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC001:73.2-132.6 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637610.2 - Northing: 4285588.8 - CRS: NAD83 UTM Zone 11 - Elevation: 1732.2 m - Azimuth: 179.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New reporting of magnesium grades for a historical intercept, adding critical value, but still an inferred resource. - Positive factor: New critical by-product reporting - Positive factor: Good grade and width for magnesium - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC001 intersected 59.4m @ 1,300ppm Li, 2,170ppm Sr and 2.5% Mg from 73.2m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC002 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-66) Red Mountain Lithium and Strategic Metals · lithium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC002 - Project: Red Mountain Lithium and Strategic Metals - Commodity: lithium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 707 - Grade Unit: ppm - Intercept: 15.2 m - From: 10.7 m - To: 25.9 m - Intercept Depth: 10.7 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC002:10.7-25.9 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637104.6 - Northing: 4290200.8 - CRS: NAD83 UTM Zone 11 - Elevation: 1723.8 m - Azimuth: 270.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Historical lithium intercept above cut-off grade, now re-reported with additional elements, but still an inferred resource. - Positive factor: Above cut-off grade - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC002 intersected 15.2m @ 707ppm Li, 1,710ppm Sr and 2.9% Mg from 10.7m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC002 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-67) Red Mountain Lithium and Strategic Metals · strontium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC002 - Project: Red Mountain Lithium and Strategic Metals - Commodity: strontium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 1710 - Grade Unit: ppm - Intercept: 15.2 m - From: 10.7 m - To: 25.9 m - Intercept Depth: 10.7 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC002:10.7-25.9 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637104.6 - Northing: 4290200.8 - CRS: NAD83 UTM Zone 11 - Elevation: 1723.8 m - Azimuth: 270.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New reporting of strontium grades for a historical intercept, adding strategic value, but still an inferred resource. - Positive factor: New strategic by-product reporting - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC002 intersected 15.2m @ 707ppm Li, 1,710ppm Sr and 2.9% Mg from 10.7m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC002 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-68) Red Mountain Lithium and Strategic Metals · magnesium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC002 - Project: Red Mountain Lithium and Strategic Metals - Commodity: magnesium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 2.9 - Grade Unit: % - Intercept: 15.2 m - From: 10.7 m - To: 25.9 m - Intercept Depth: 10.7 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC002:10.7-25.9 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637104.6 - Northing: 4290200.8 - CRS: NAD83 UTM Zone 11 - Elevation: 1723.8 m - Azimuth: 270.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New reporting of magnesium grades for a historical intercept, adding critical value, but still an inferred resource. - Positive factor: New critical by-product reporting - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC002 intersected 15.2m @ 707ppm Li, 1,710ppm Sr and 2.9% Mg from 10.7m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC003 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-69) Red Mountain Lithium and Strategic Metals · lithium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC003 - Project: Red Mountain Lithium and Strategic Metals - Commodity: lithium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 1050 - Grade Unit: ppm - Intercept: 6.1 m - From: 0 m - To: 6.1 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC003:0-6.1 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637104.6 - Northing: 4290200.8 - CRS: NAD83 UTM Zone 11 - Elevation: 1723.8 m - Azimuth: 270.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Historical near-surface lithium intercept with good grade, now re-reported with additional elements, but still an inferred resource. - Positive factor: Good grade for lithium - Positive factor: Near surface - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC003 intersected 6.1m @ 1,050ppm Li, 1,090ppm Sr and 2.8% Mg from 0m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC003 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-70) Red Mountain Lithium and Strategic Metals · strontium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC003 - Project: Red Mountain Lithium and Strategic Metals - Commodity: strontium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 1090 - Grade Unit: ppm - Intercept: 6.1 m - From: 0 m - To: 6.1 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC003:0-6.1 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637104.6 - Northing: 4290200.8 - CRS: NAD83 UTM Zone 11 - Elevation: 1723.8 m - Azimuth: 270.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New reporting of strontium grades for a historical near-surface intercept, adding strategic value, but still an inferred resource. - Positive factor: New strategic by-product reporting - Positive factor: Near surface - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC003 intersected 6.1m @ 1,050ppm Li, 1,090ppm Sr and 2.8% Mg from 0m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC003 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-71) Red Mountain Lithium and Strategic Metals · magnesium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC003 - Project: Red Mountain Lithium and Strategic Metals - Commodity: magnesium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 2.8 - Grade Unit: % - Intercept: 6.1 m - From: 0 m - To: 6.1 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC003:0-6.1 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637104.6 - Northing: 4290200.8 - CRS: NAD83 UTM Zone 11 - Elevation: 1723.8 m - Azimuth: 270.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New reporting of magnesium grades for a historical near-surface intercept, adding critical value, but still an inferred resource. - Positive factor: New critical by-product reporting - Positive factor: Near surface - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC003 intersected 6.1m @ 1,050ppm Li, 1,090ppm Sr and 2.8% Mg from 0m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC003 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-72) Red Mountain Lithium and Strategic Metals · lithium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC003 - Project: Red Mountain Lithium and Strategic Metals - Commodity: lithium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 856 - Grade Unit: ppm - Intercept: 18.3 m - From: 12.2 m - To: 30.5 m - Intercept Depth: 12.2 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC003:12.2-30.5 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637104.6 - Northing: 4290200.8 - CRS: NAD83 UTM Zone 11 - Elevation: 1723.8 m - Azimuth: 270.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Historical lithium intercept above cut-off grade, now re-reported with additional elements, but still an inferred resource. - Positive factor: Above cut-off grade - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC003 intersected 18.3m @ 856ppm Li, 2,220ppm Sr and 3% Mg from 12.2m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC003 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-73) Red Mountain Lithium and Strategic Metals · strontium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC003 - Project: Red Mountain Lithium and Strategic Metals - Commodity: strontium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 2220 - Grade Unit: ppm - Intercept: 18.3 m - From: 12.2 m - To: 30.5 m - Intercept Depth: 12.2 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC003:12.2-30.5 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637104.6 - Northing: 4290200.8 - CRS: NAD83 UTM Zone 11 - Elevation: 1723.8 m - Azimuth: 270.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New reporting of strontium grades for a historical intercept, adding strategic value, but still an inferred resource. - Positive factor: New strategic by-product reporting - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC003 intersected 18.3m @ 856ppm Li, 2,220ppm Sr and 3% Mg from 12.2m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC003 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-74) Red Mountain Lithium and Strategic Metals · magnesium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC003 - Project: Red Mountain Lithium and Strategic Metals - Commodity: magnesium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 3 - Grade Unit: % - Intercept: 18.3 m - From: 12.2 m - To: 30.5 m - Intercept Depth: 12.2 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC003:12.2-30.5 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637104.6 - Northing: 4290200.8 - CRS: NAD83 UTM Zone 11 - Elevation: 1723.8 m - Azimuth: 270.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New reporting of magnesium grades for a historical intercept, adding critical value, but still an inferred resource. - Positive factor: New critical by-product reporting - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC003 intersected 18.3m @ 856ppm Li, 2,220ppm Sr and 3% Mg from 12.2m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC004 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-75) Red Mountain Lithium and Strategic Metals · lithium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC004 - Project: Red Mountain Lithium and Strategic Metals - Commodity: lithium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 1070 - Grade Unit: ppm - Intercept: 13.7 m - From: 0 m - To: 13.7 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC004:0-13.7 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637782.2 - Northing: 4288743.1 - CRS: NAD83 UTM Zone 11 - Elevation: 1731.4 m - Azimuth: 270.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Historical near-surface lithium intercept with good grade, now re-reported with additional elements, but still an inferred resource. - Positive factor: Good grade for lithium - Positive factor: Near surface - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC004 intersected 13.7m @ 1,070ppm Li, 776ppm Sr and 2.7% Mg from 0m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC004 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-76) Red Mountain Lithium and Strategic Metals · strontium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC004 - Project: Red Mountain Lithium and Strategic Metals - Commodity: strontium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 776 - Grade Unit: ppm - Intercept: 13.7 m - From: 0 m - To: 13.7 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC004:0-13.7 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637782.2 - Northing: 4288743.1 - CRS: NAD83 UTM Zone 11 - Elevation: 1731.4 m - Azimuth: 270.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New reporting of strontium grades for a historical near-surface intercept, adding strategic value, but still an inferred resource. - Positive factor: New strategic by-product reporting - Positive factor: Near surface - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC004 intersected 13.7m @ 1,070ppm Li, 776ppm Sr and 2.7% Mg from 0m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC004 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-77) Red Mountain Lithium and Strategic Metals · magnesium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC004 - Project: Red Mountain Lithium and Strategic Metals - Commodity: magnesium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 2.7 - Grade Unit: % - Intercept: 13.7 m - From: 0 m - To: 13.7 m - Intercept Depth: 0 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC004:0-13.7 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637782.2 - Northing: 4288743.1 - CRS: NAD83 UTM Zone 11 - Elevation: 1731.4 m - Azimuth: 270.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New reporting of magnesium grades for a historical near-surface intercept, adding critical value, but still an inferred resource. - Positive factor: New critical by-product reporting - Positive factor: Near surface - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC004 intersected 13.7m @ 1,070ppm Li, 776ppm Sr and 2.7% Mg from 0m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC004 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-78) Red Mountain Lithium and Strategic Metals · lithium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC004 - Project: Red Mountain Lithium and Strategic Metals - Commodity: lithium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 1230 - Grade Unit: ppm - Intercept: 83.8 m - From: 16.8 m - To: 100.6 m - Intercept Depth: 16.8 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC004:16.8-100.6 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637782.2 - Northing: 4288743.1 - CRS: NAD83 UTM Zone 11 - Elevation: 1731.4 m - Azimuth: 270.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Historical lithium intercept with good grade and significant width, now re-reported with additional elements, but still an inferred resource. - Positive factor: Good grade and significant width for lithium - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC004 intersected 83.8m @ 1,230ppm Li, 2,870ppm Sr and 2.7% Mg from 16.8m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC004 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-79) Red Mountain Lithium and Strategic Metals · strontium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC004 - Project: Red Mountain Lithium and Strategic Metals - Commodity: strontium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 2870 - Grade Unit: ppm - Intercept: 83.8 m - From: 16.8 m - To: 100.6 m - Intercept Depth: 16.8 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC004:16.8-100.6 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637782.2 - Northing: 4288743.1 - CRS: NAD83 UTM Zone 11 - Elevation: 1731.4 m - Azimuth: 270.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New reporting of strontium grades for a historical intercept, adding strategic value, but still an inferred resource. - Positive factor: New strategic by-product reporting - Positive factor: Good grade and significant width for strontium - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC004 intersected 83.8m @ 1,230ppm Li, 2,870ppm Sr and 2.7% Mg from 16.8m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC004 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-80) Red Mountain Lithium and Strategic Metals · magnesium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC004 - Project: Red Mountain Lithium and Strategic Metals - Commodity: magnesium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 2.7 - Grade Unit: % - Intercept: 83.8 m - From: 16.8 m - To: 100.6 m - Intercept Depth: 16.8 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC004:16.8-100.6 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637782.2 - Northing: 4288743.1 - CRS: NAD83 UTM Zone 11 - Elevation: 1731.4 m - Azimuth: 270.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New reporting of magnesium grades for a historical intercept, adding critical value, but still an inferred resource. - Positive factor: New critical by-product reporting - Positive factor: Good grade and significant width for magnesium - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC004 intersected 83.8m @ 1,230ppm Li, 2,870ppm Sr and 2.7% Mg from 16.8m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC005 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-81) Red Mountain Lithium and Strategic Metals · lithium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC005 - Project: Red Mountain Lithium and Strategic Metals - Commodity: lithium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 656 - Grade Unit: ppm - Intercept: 25.9 m - From: 3 m - To: 28.9 m - Intercept Depth: 3 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC005:3-28.9 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637320.8 - Northing: 4288194.4 - CRS: NAD83 UTM Zone 11 - Elevation: 1707.7 m - Azimuth: 270.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Historical near-surface lithium intercept above cut-off grade, now re-reported with additional elements, but still an inferred resource. - Positive factor: Above cut-off grade - Positive factor: Near surface - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC005 intersected 25.9m @ 656ppm Li, 1,550ppm Sr and 1.3% Mg from 3m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC005 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-82) Red Mountain Lithium and Strategic Metals · strontium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC005 - Project: Red Mountain Lithium and Strategic Metals - Commodity: strontium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 1550 - Grade Unit: ppm - Intercept: 25.9 m - From: 3 m - To: 28.9 m - Intercept Depth: 3 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC005:3-28.9 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637320.8 - Northing: 4288194.4 - CRS: NAD83 UTM Zone 11 - Elevation: 1707.7 m - Azimuth: 270.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New reporting of strontium grades for a historical near-surface intercept, adding strategic value, but still an inferred resource. - Positive factor: New strategic by-product reporting - Positive factor: Near surface - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC005 intersected 25.9m @ 656ppm Li, 1,550ppm Sr and 1.3% Mg from 3m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC005 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-83) Red Mountain Lithium and Strategic Metals · magnesium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC005 - Project: Red Mountain Lithium and Strategic Metals - Commodity: magnesium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 1.3 - Grade Unit: % - Intercept: 25.9 m - From: 3 m - To: 28.9 m - Intercept Depth: 3 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC005:3-28.9 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637320.8 - Northing: 4288194.4 - CRS: NAD83 UTM Zone 11 - Elevation: 1707.7 m - Azimuth: 270.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New reporting of magnesium grades for a historical near-surface intercept, adding critical value, but still an inferred resource. - Positive factor: New critical by-product reporting - Positive factor: Near surface - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC005 intersected 25.9m @ 656ppm Li, 1,550ppm Sr and 1.3% Mg from 3m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC005 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-84) Red Mountain Lithium and Strategic Metals · lithium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC005 - Project: Red Mountain Lithium and Strategic Metals - Commodity: lithium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 1270 - Grade Unit: ppm - Intercept: 80.8 m - From: 56.4 m - To: 137.2 m - Intercept Depth: 56.4 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC005:56.4-137.2 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637320.8 - Northing: 4288194.4 - CRS: NAD83 UTM Zone 11 - Elevation: 1707.7 m - Azimuth: 270.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Historical lithium intercept with good grade and significant width, now re-reported with additional elements, but still an inferred resource. - Positive factor: Good grade and significant width for lithium - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC005 intersected 80.8m @ 1,270ppm Li, 5,500ppm Sr and 1.9% Mg from 56.4m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC005 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-85) Red Mountain Lithium and Strategic Metals · strontium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC005 - Project: Red Mountain Lithium and Strategic Metals - Commodity: strontium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 5500 - Grade Unit: ppm - Intercept: 80.8 m - From: 56.4 m - To: 137.2 m - Intercept Depth: 56.4 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC005:56.4-137.2 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637320.8 - Northing: 4288194.4 - CRS: NAD83 UTM Zone 11 - Elevation: 1707.7 m - Azimuth: 270.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New reporting of high-grade strontium for a historical intercept, adding strategic value, but still an inferred resource. - Positive factor: New strategic by-product reporting - Positive factor: High grade and significant width for strontium - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC005 intersected 80.8m @ 1,270ppm Li, 5,500ppm Sr and 1.9% Mg from 56.4m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC005 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-86) Red Mountain Lithium and Strategic Metals · magnesium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC005 - Project: Red Mountain Lithium and Strategic Metals - Commodity: magnesium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 1.9 - Grade Unit: % - Intercept: 80.8 m - From: 56.4 m - To: 137.2 m - Intercept Depth: 56.4 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC005:56.4-137.2 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637320.8 - Northing: 4288194.4 - CRS: NAD83 UTM Zone 11 - Elevation: 1707.7 m - Azimuth: 270.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New reporting of magnesium grades for a historical intercept, adding critical value, but still an inferred resource. - Positive factor: New critical by-product reporting - Positive factor: Good grade and significant width for magnesium - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC005 intersected 80.8m @ 1,270ppm Li, 5,500ppm Sr and 1.9% Mg from 56.4m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC006 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-87) Red Mountain Lithium and Strategic Metals · lithium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC006 - Project: Red Mountain Lithium and Strategic Metals - Commodity: lithium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 1070 - Grade Unit: ppm - Intercept: 62.5 m - From: 6.1 m - To: 68.6 m - Intercept Depth: 6.1 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC006:6.1-68.6 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637341 - Northing: 4288618 - CRS: NAD83 UTM Zone 11 - Elevation: 1719.7 m - Azimuth: 265.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Historical lithium intercept with good grade and significant width, now re-reported with additional elements, but still an inferred resource. - Positive factor: Good grade and significant width for lithium - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC006 intersected 62.5m @ 1,070ppm Li, 3,580ppm Sr and 1.9% Mg from 6.1m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC006 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-88) Red Mountain Lithium and Strategic Metals · strontium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC006 - Project: Red Mountain Lithium and Strategic Metals - Commodity: strontium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 3580 - Grade Unit: ppm - Intercept: 62.5 m - From: 6.1 m - To: 68.6 m - Intercept Depth: 6.1 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC006:6.1-68.6 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637341 - Northing: 4288618 - CRS: NAD83 UTM Zone 11 - Elevation: 1719.7 m - Azimuth: 265.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New reporting of strontium grades for a historical intercept, adding strategic value, but still an inferred resource. - Positive factor: New strategic by-product reporting - Positive factor: Good grade and significant width for strontium - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC006 intersected 62.5m @ 1,070ppm Li, 3,580ppm Sr and 1.9% Mg from 6.1m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC006 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-89) Red Mountain Lithium and Strategic Metals · magnesium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC006 - Project: Red Mountain Lithium and Strategic Metals - Commodity: magnesium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 1.9 - Grade Unit: % - Intercept: 62.5 m - From: 6.1 m - To: 68.6 m - Intercept Depth: 6.1 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC006:6.1-68.6 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637341 - Northing: 4288618 - CRS: NAD83 UTM Zone 11 - Elevation: 1719.7 m - Azimuth: 265.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New reporting of magnesium grades for a historical intercept, adding critical value, but still an inferred resource. - Positive factor: New critical by-product reporting - Positive factor: Good grade and significant width for magnesium - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC006 intersected 62.5m @ 1,070ppm Li, 3,580ppm Sr and 1.9% Mg from 6.1m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC006 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-90) Red Mountain Lithium and Strategic Metals · lithium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC006 - Project: Red Mountain Lithium and Strategic Metals - Commodity: lithium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 896 - Grade Unit: ppm - Intercept: 15.2 m - From: 71.6 m - To: 86.8 m - Intercept Depth: 71.6 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC006:71.6-86.8 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637341 - Northing: 4288618 - CRS: NAD83 UTM Zone 11 - Elevation: 1719.7 m - Azimuth: 265.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Historical lithium intercept above cut-off grade, now re-reported with additional elements, but still an inferred resource. - Positive factor: Above cut-off grade - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC006 intersected 15.2m @ 896ppm Li, 2,040ppm Sr and 1.4% Mg from 71.6m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC006 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-91) Red Mountain Lithium and Strategic Metals · strontium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC006 - Project: Red Mountain Lithium and Strategic Metals - Commodity: strontium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 2040 - Grade Unit: ppm - Intercept: 15.2 m - From: 71.6 m - To: 86.8 m - Intercept Depth: 71.6 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC006:71.6-86.8 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637341 - Northing: 4288618 - CRS: NAD83 UTM Zone 11 - Elevation: 1719.7 m - Azimuth: 265.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New reporting of strontium grades for a historical intercept, adding strategic value, but still an inferred resource. - Positive factor: New strategic by-product reporting - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC006 intersected 15.2m @ 896ppm Li, 2,040ppm Sr and 1.4% Mg from 71.6m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC006 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-92) Red Mountain Lithium and Strategic Metals · magnesium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC006 - Project: Red Mountain Lithium and Strategic Metals - Commodity: magnesium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 1.4 - Grade Unit: % - Intercept: 15.2 m - From: 71.6 m - To: 86.8 m - Intercept Depth: 71.6 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC006:71.6-86.8 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637341 - Northing: 4288618 - CRS: NAD83 UTM Zone 11 - Elevation: 1719.7 m - Azimuth: 265.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New reporting of magnesium grades for a historical intercept, adding critical value, but still an inferred resource. - Positive factor: New critical by-product reporting - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC006 intersected 15.2m @ 896ppm Li, 2,040ppm Sr and 1.4% Mg from 71.6m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC006 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-93) Red Mountain Lithium and Strategic Metals · lithium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC006 - Project: Red Mountain Lithium and Strategic Metals - Commodity: lithium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 1090 - Grade Unit: ppm - Intercept: 70.1 m - From: 89.9 m - To: 160 m - Intercept Depth: 89.9 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC006:89.9-160 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637341 - Northing: 4288618 - CRS: NAD83 UTM Zone 11 - Elevation: 1719.7 m - Azimuth: 265.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Historical lithium intercept with good grade and significant width, now re-reported with additional elements, but still an inferred resource. - Positive factor: Good grade and significant width for lithium - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC006 intersected 70.1m @ 1,090ppm Li, 3,000ppm Sr and 1.8% Mg from 89.9m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC006 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-94) Red Mountain Lithium and Strategic Metals · strontium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC006 - Project: Red Mountain Lithium and Strategic Metals - Commodity: strontium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 3000 - Grade Unit: ppm - Intercept: 70.1 m - From: 89.9 m - To: 160 m - Intercept Depth: 89.9 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC006:89.9-160 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637341 - Northing: 4288618 - CRS: NAD83 UTM Zone 11 - Elevation: 1719.7 m - Azimuth: 265.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New reporting of strontium grades for a historical intercept, adding strategic value, but still an inferred resource. - Positive factor: New strategic by-product reporting - Positive factor: Good grade and significant width for strontium - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC006 intersected 70.1m @ 1,090ppm Li, 3,000ppm Sr and 1.8% Mg from 89.9m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC006 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-95) Red Mountain Lithium and Strategic Metals · magnesium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC006 - Project: Red Mountain Lithium and Strategic Metals - Commodity: magnesium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 1.8 - Grade Unit: % - Intercept: 70.1 m - From: 89.9 m - To: 160 m - Intercept Depth: 89.9 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC006:89.9-160 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637341 - Northing: 4288618 - CRS: NAD83 UTM Zone 11 - Elevation: 1719.7 m - Azimuth: 265.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New reporting of magnesium grades for a historical intercept, adding critical value, but still an inferred resource. - Positive factor: New critical by-product reporting - Positive factor: Good grade and significant width for magnesium - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC006 intersected 70.1m @ 1,090ppm Li, 3,000ppm Sr and 1.8% Mg from 89.9m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC007 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-96) Red Mountain Lithium and Strategic Metals · lithium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC007 - Project: Red Mountain Lithium and Strategic Metals - Commodity: lithium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 1150 - Grade Unit: ppm - Intercept: 74.7 m - From: 18.3 m - To: 93 m - Intercept Depth: 18.3 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC007:18.3-93 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637327 - Northing: 4288197 - CRS: NAD83 UTM Zone 11 - Elevation: 1707.7 m - Azimuth: 269.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Historical lithium intercept with good grade and significant width, now re-reported with additional elements, but still an inferred resource. - Positive factor: Good grade and significant width for lithium - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC007 intersected 74.7m @ 1,150ppm Li, 3,030ppm Sr and 1.9% Mg from 18.3m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC007 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-97) Red Mountain Lithium and Strategic Metals · strontium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC007 - Project: Red Mountain Lithium and Strategic Metals - Commodity: strontium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 3030 - Grade Unit: ppm - Intercept: 74.7 m - From: 18.3 m - To: 93 m - Intercept Depth: 18.3 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC007:18.3-93 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637327 - Northing: 4288197 - CRS: NAD83 UTM Zone 11 - Elevation: 1707.7 m - Azimuth: 269.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New reporting of strontium grades for a historical intercept, adding strategic value, but still an inferred resource. - Positive factor: New strategic by-product reporting - Positive factor: Good grade and significant width for strontium - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC007 intersected 74.7m @ 1,150ppm Li, 3,030ppm Sr and 1.9% Mg from 18.3m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC007 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-98) Red Mountain Lithium and Strategic Metals · magnesium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC007 - Project: Red Mountain Lithium and Strategic Metals - Commodity: magnesium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 1.9 - Grade Unit: % - Intercept: 74.7 m - From: 18.3 m - To: 93 m - Intercept Depth: 18.3 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC007:18.3-93 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637327 - Northing: 4288197 - CRS: NAD83 UTM Zone 11 - Elevation: 1707.7 m - Azimuth: 269.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New reporting of magnesium grades for a historical intercept, adding critical value, but still an inferred resource. - Positive factor: New critical by-product reporting - Positive factor: Good grade and significant width for magnesium - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC007 intersected 74.7m @ 1,150ppm Li, 3,030ppm Sr and 1.9% Mg from 18.3m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC007 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-99) Red Mountain Lithium and Strategic Metals · lithium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC007 - Project: Red Mountain Lithium and Strategic Metals - Commodity: lithium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 1580 - Grade Unit: ppm - Intercept: 25.9 m - From: 115.8 m - To: 141.7 m - Intercept Depth: 115.8 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC007:115.8-141.7 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637327 - Northing: 4288197 - CRS: NAD83 UTM Zone 11 - Elevation: 1707.7 m - Azimuth: 269.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Historical high-grade lithium intercept with good width, now re-reported with additional elements, but still an inferred resource. - Positive factor: High grade for lithium - Positive factor: Good width - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC007 intersected 25.9m @ 1,580ppm Li, 4,450ppm Sr and 2.5% Mg from 115.8m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC007 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-100) Red Mountain Lithium and Strategic Metals · strontium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC007 - Project: Red Mountain Lithium and Strategic Metals - Commodity: strontium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 4450 - Grade Unit: ppm - Intercept: 25.9 m - From: 115.8 m - To: 141.7 m - Intercept Depth: 115.8 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC007:115.8-141.7 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637327 - Northing: 4288197 - CRS: NAD83 UTM Zone 11 - Elevation: 1707.7 m - Azimuth: 269.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New reporting of high-grade strontium for a historical intercept, adding strategic value, but still an inferred resource. - Positive factor: New strategic by-product reporting - Positive factor: High grade and good width for strontium - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC007 intersected 25.9m @ 1,580ppm Li, 4,450ppm Sr and 2.5% Mg from 115.8m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC007 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-101) Red Mountain Lithium and Strategic Metals · magnesium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC007 - Project: Red Mountain Lithium and Strategic Metals - Commodity: magnesium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 2.5 - Grade Unit: % - Intercept: 25.9 m - From: 115.8 m - To: 141.7 m - Intercept Depth: 115.8 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC007:115.8-141.7 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637327 - Northing: 4288197 - CRS: NAD83 UTM Zone 11 - Elevation: 1707.7 m - Azimuth: 269.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New reporting of magnesium grades for a historical intercept, adding critical value, but still an inferred resource. - Positive factor: New critical by-product reporting - Positive factor: Good grade and good width for magnesium - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC007 intersected 25.9m @ 1,580ppm Li, 4,450ppm Sr and 2.5% Mg from 115.8m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC008 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-102) Red Mountain Lithium and Strategic Metals · lithium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC008 - Project: Red Mountain Lithium and Strategic Metals - Commodity: lithium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 1120 - Grade Unit: ppm - Intercept: 25.9 m - From: 73.2 m - To: 99.1 m - Intercept Depth: 73.2 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC008:73.2-99.1 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637516 - Northing: 4286902 - CRS: NAD83 UTM Zone 11 - Elevation: 1724.1 m - Azimuth: 265.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Historical lithium intercept with good grade and width, now re-reported with additional elements, but still an inferred resource. - Positive factor: Good grade and width for lithium - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC008 intersected 25.9m @ 1,120ppm Li, 2,000ppm Sr and 1.9% Mg from 73.2m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC008 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-103) Red Mountain Lithium and Strategic Metals · strontium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC008 - Project: Red Mountain Lithium and Strategic Metals - Commodity: strontium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 2000 - Grade Unit: ppm - Intercept: 25.9 m - From: 73.2 m - To: 99.1 m - Intercept Depth: 73.2 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC008:73.2-99.1 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637516 - Northing: 4286902 - CRS: NAD83 UTM Zone 11 - Elevation: 1724.1 m - Azimuth: 265.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New reporting of strontium grades for a historical intercept, adding strategic value, but still an inferred resource. - Positive factor: New strategic by-product reporting - Positive factor: Good grade and width for strontium - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC008 intersected 25.9m @ 1,120ppm Li, 2,000ppm Sr and 1.9% Mg from 73.2m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ### RMRC008 [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-drill-facts-104) Red Mountain Lithium and Strategic Metals · magnesium Historical result Needs review: historical\_restatement #### Identity - Hole ID: RMRC008 - Project: Red Mountain Lithium and Strategic Metals - Commodity: magnesium - Region: usa\_nv - Reported Region: usa\_nv - Ticker: VMS #### Geometry - Grade: 1.9 - Grade Unit: % - Intercept: 25.9 m - From: 73.2 m - To: 99.1 m - Intercept Depth: 73.2 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: RMRC008:73.2-99.1 - Mining Method: open\_pit #### Location - Location: Central Zone - Easting: 637516 - Northing: 4286902 - CRS: NAD83 UTM Zone 11 - Elevation: 1724.1 m - Azimuth: 265.5 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: carbonates #### Compositing - Cutoff Grade: 500 - Cutoff Unit: ppm Li - Dilution Disclosed: Yes - Max Dilution: 3.048 m #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-01-12T00:00:00.000Z #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New reporting of magnesium grades for a historical intercept, adding critical value, but still an inferred resource. - Positive factor: New critical by-product reporting - Positive factor: Good grade and width for magnesium - Positive factor: QA/QC disclosed - Negative factor: Historical result - Negative factor: Inferred mining method Evidence · text > RMRC008 intersected 25.9m @ 1,120ppm Li, 2,000ppm Sr and 1.9% Mg from 73.2m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Red Mountain project is well-serviced by infrastructure, being located immediately adjacent to the transcontinental " ## Resource Estimates (63) ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-0) Red Mountain Lithium and Strategic Metals Project · lithium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: lithium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:4428a134efea1ad8b1f6 - Deposit or zone: North - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 91600000 - Grade: 0.86 - Grade Unit: % - Contained Metal: 0.79 - Contained Unit: mt - Cutoff Grade: 700 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.86 - Metal Eq. Unit: % LCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: High-grade lithium in the North zone, contributing to the overall strategic resource update, but remains in the inferred category. - Positive factor: High grade for clay-hosted lithium - Positive factor: Part of a strategic resource update - Positive factor: JORC compliant - Negative factor: Inferred category only Evidence · table > 0.86% Context: 91.6 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-1) Red Mountain Lithium and Strategic Metals Project · strontium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: strontium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:4428a134efea1ad8b1f6 - Deposit or zone: North - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 91600000 - Grade: 0.49 - Grade Unit: % - Contained Metal: 446 - Contained Unit: kt - Cutoff Grade: 700 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.49 - Metal Eq. Unit: % SCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of strontium as a strategic by-product significantly enhances project value, but is currently only in the inferred category and not economic as a standalone. - Positive factor: New strategic by-product addition - Positive factor: Significant contained metal - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 0.49% Context: 91.6 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-2) Red Mountain Lithium and Strategic Metals Project · magnesium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: magnesium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:4428a134efea1ad8b1f6 - Deposit or zone: North - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 91600000 - Grade: 3.63 - Grade Unit: % - Contained Metal: 3330 - Contained Unit: kt - Cutoff Grade: 700 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of magnesium as a critical by-product adds value, but is currently only in the inferred category and not economic as a standalone. - Positive factor: New critical by-product addition - Positive factor: Significant contained metal - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 3.63% Context: 91.6 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-3) Red Mountain Lithium and Strategic Metals Project · lithium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: lithium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:9b5b893af90397d6589d - Deposit or zone: Central - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 408000000 - Grade: 0.55 - Grade Unit: % - Contained Metal: 2.24 - Contained Unit: mt - Cutoff Grade: 700 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.55 - Metal Eq. Unit: % LCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Large tonnage lithium resource in the Central zone, contributing to the overall strategic resource update, but with lower grade and remaining in the inferred category. - Positive factor: Large tonnage - Positive factor: Part of a strategic resource update - Positive factor: JORC compliant - Negative factor: Lower grade than North zone - Negative factor: Inferred category only Evidence · table > 0.55% Context: 408 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-4) Red Mountain Lithium and Strategic Metals Project · strontium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: strontium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:9b5b893af90397d6589d - Deposit or zone: Central - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 408000000 - Grade: 0.55 - Grade Unit: % - Contained Metal: 2230 - Contained Unit: kt - Cutoff Grade: 700 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.55 - Metal Eq. Unit: % SCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of strontium as a strategic by-product significantly enhances project value, but is currently only in the inferred category and not economic as a standalone. - Positive factor: New strategic by-product addition - Positive factor: Significant contained metal - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 0.55% Context: 408 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-5) Red Mountain Lithium and Strategic Metals Project · magnesium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: magnesium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:9b5b893af90397d6589d - Deposit or zone: Central - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 408000000 - Grade: 2.12 - Grade Unit: % - Contained Metal: 8660 - Contained Unit: kt - Cutoff Grade: 700 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of magnesium as a critical by-product adds value, but is currently only in the inferred category and not economic as a standalone. - Positive factor: New critical by-product addition - Positive factor: Significant contained metal - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 2.12% Context: 408 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-6) Red Mountain Lithium and Strategic Metals Project · lithium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: lithium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:0df3c54ce9f62504d1f3 - Deposit or zone: TOTAL - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 500000000 - Grade: 0.61 - Grade Unit: % - Contained Metal: 3.03 - Contained Unit: mt - Cutoff Grade: 700 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 - Prior Tonnes: 500000000 - Prior Grade: 0.61 - Prior Contained Metal: 3.03 #### Metal Equivalent - Metal Eq. Grade: 0.61 - Metal Eq. Unit: % LCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: The lithium component of the MRE remains unchanged, providing a large contained metal figure but still entirely in the inferred category. - Positive factor: Large contained metal - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Lithium component unchanged from prior MRE Evidence · table > 0.61% Context: 500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-7) Red Mountain Lithium and Strategic Metals Project · strontium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: strontium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:0df3c54ce9f62504d1f3 - Deposit or zone: TOTAL - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 500000000 - Grade: 0.53 - Grade Unit: % - Contained Metal: 2.67 - Contained Unit: mt - Cutoff Grade: 700 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.53 - Metal Eq. Unit: % SCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: The addition of strontium as a strategic by-product is highly novel and material, making Red Mountain unique in the USA, despite the resource being inferred and not economic as a standalone. - Positive factor: New strategic by-product addition - Positive factor: Significant contained metal - Positive factor: Only MRE in USA containing strontium - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 0.53% Context: 500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-8) Red Mountain Lithium and Strategic Metals Project · magnesium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: magnesium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:0df3c54ce9f62504d1f3 - Deposit or zone: TOTAL - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 500000000 - Grade: 2.4 - Grade Unit: % - Contained Metal: 12 - Contained Unit: mt - Cutoff Grade: 700 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: The addition of magnesium as a critical by-product is highly novel and material, adding significant contained metal, despite the resource being inferred and not economic as a standalone. - Positive factor: New critical by-product addition - Positive factor: Significant contained metal - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 2.40% Context: 500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-9) Red Mountain Lithium and Strategic Metals Project · lithium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: lithium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:223059400ecfa773ea1d - Deposit or zone: North - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 113000000 - Grade: 0.76 - Grade Unit: % - Contained Metal: 0.85 - Contained Unit: mt - Cutoff Grade: 500 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.76 - Metal Eq. Unit: % LCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Increased tonnage at a lower cut-off grade for lithium in the North zone, but with a lower average grade and still in the inferred category. - Positive factor: Increased tonnage at lower cut-off - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Lower grade than higher cut-off Evidence · table > 0.76% Context: 113 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-10) Red Mountain Lithium and Strategic Metals Project · strontium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: strontium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:223059400ecfa773ea1d - Deposit or zone: North - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 113000000 - Grade: 0.44 - Grade Unit: % - Contained Metal: 493 - Contained Unit: kt - Cutoff Grade: 500 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.44 - Metal Eq. Unit: % SCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of strontium as a strategic by-product, but in the inferred category and not economic as a standalone. - Positive factor: New strategic by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 0.44% Context: 113 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-11) Red Mountain Lithium and Strategic Metals Project · magnesium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: magnesium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:223059400ecfa773ea1d - Deposit or zone: North - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 113000000 - Grade: 3.34 - Grade Unit: % - Contained Metal: 3770 - Contained Unit: kt - Cutoff Grade: 500 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of magnesium as a critical by-product, but in the inferred category and not economic as a standalone. - Positive factor: New critical by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 3.34% Context: 113 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-12) Red Mountain Lithium and Strategic Metals Project · lithium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: lithium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:1bbce3e3b22626558a4d - Deposit or zone: North - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 77800000 - Grade: 0.94 - Grade Unit: % - Contained Metal: 0.73 - Contained Unit: mt - Cutoff Grade: 900 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.94 - Metal Eq. Unit: % LCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Higher grade lithium in the North zone at a higher cut-off, but with reduced tonnage and still in the inferred category. - Positive factor: Higher grade at higher cut-off - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Lower tonnage than lower cut-off Evidence · table > 0.94% Context: 77.8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-13) Red Mountain Lithium and Strategic Metals Project · strontium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: strontium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:1bbce3e3b22626558a4d - Deposit or zone: North - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 77800000 - Grade: 0.53 - Grade Unit: % - Contained Metal: 409 - Contained Unit: kt - Cutoff Grade: 900 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.53 - Metal Eq. Unit: % SCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of strontium as a strategic by-product, but in the inferred category and not economic as a standalone. - Positive factor: New strategic by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 0.53% Context: 77.8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-14) Red Mountain Lithium and Strategic Metals Project · magnesium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: magnesium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:1bbce3e3b22626558a4d - Deposit or zone: North - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 77800000 - Grade: 3.83 - Grade Unit: % - Contained Metal: 2980 - Contained Unit: kt - Cutoff Grade: 900 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of magnesium as a critical by-product, but in the inferred category and not economic as a standalone. - Positive factor: New critical by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 3.83% Context: 77.8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-15) Red Mountain Lithium and Strategic Metals Project · lithium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: lithium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:7161684c32c30274f861 - Deposit or zone: North - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 60300000 - Grade: 1.06 - Grade Unit: % - Contained Metal: 0.64 - Contained Unit: mt - Cutoff Grade: 1100 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 1.06 - Metal Eq. Unit: % LCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Higher grade lithium in the North zone at a higher cut-off, but with reduced tonnage and still in the inferred category. - Positive factor: Higher grade at higher cut-off - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Lower tonnage than lower cut-off Evidence · table > 1.06% Context: 60.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-16) Red Mountain Lithium and Strategic Metals Project · strontium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: strontium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:7161684c32c30274f861 - Deposit or zone: North - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 60300000 - Grade: 0.57 - Grade Unit: % - Contained Metal: 346 - Contained Unit: kt - Cutoff Grade: 1100 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.57 - Metal Eq. Unit: % SCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of strontium as a strategic by-product, but in the inferred category and not economic as a standalone. - Positive factor: New strategic by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 0.57% Context: 60.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-17) Red Mountain Lithium and Strategic Metals Project · magnesium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: magnesium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:7161684c32c30274f861 - Deposit or zone: North - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 60300000 - Grade: 4.09 - Grade Unit: % - Contained Metal: 2470 - Contained Unit: kt - Cutoff Grade: 1100 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of magnesium as a critical by-product, but in the inferred category and not economic as a standalone. - Positive factor: New critical by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 4.09% Context: 60.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-18) Red Mountain Lithium and Strategic Metals Project · lithium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: lithium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:2c34651eabbe10285c75 - Deposit or zone: North - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 47900000 - Grade: 1.17 - Grade Unit: % - Contained Metal: 0.56 - Contained Unit: mt - Cutoff Grade: 1300 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 1.17 - Metal Eq. Unit: % LCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Higher grade lithium in the North zone at a higher cut-off, but with reduced tonnage and still in the inferred category. - Positive factor: Higher grade at higher cut-off - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Lower tonnage than lower cut-off Evidence · table > 1.17% Context: 47.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-19) Red Mountain Lithium and Strategic Metals Project · strontium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: strontium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:2c34651eabbe10285c75 - Deposit or zone: North - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 47900000 - Grade: 0.63 - Grade Unit: % - Contained Metal: 303 - Contained Unit: kt - Cutoff Grade: 1300 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.63 - Metal Eq. Unit: % SCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of strontium as a strategic by-product, but in the inferred category and not economic as a standalone. - Positive factor: New strategic by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 0.63% Context: 47.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-20) Red Mountain Lithium and Strategic Metals Project · magnesium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: magnesium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:2c34651eabbe10285c75 - Deposit or zone: North - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 47900000 - Grade: 4.39 - Grade Unit: % - Contained Metal: 2100 - Contained Unit: kt - Cutoff Grade: 1300 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of magnesium as a critical by-product, but in the inferred category and not economic as a standalone. - Positive factor: New critical by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 4.39% Context: 47.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-21) Red Mountain Lithium and Strategic Metals Project · lithium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: lithium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:36076804037635361718 - Deposit or zone: North - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 38200000 - Grade: 1.27 - Grade Unit: % - Contained Metal: 0.49 - Contained Unit: mt - Cutoff Grade: 1500 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 1.27 - Metal Eq. Unit: % LCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Higher grade lithium in the North zone at a higher cut-off, but with reduced tonnage and still in the inferred category. - Positive factor: Higher grade at higher cut-off - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Lower tonnage than lower cut-off Evidence · table > 1.27% Context: 38.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-22) Red Mountain Lithium and Strategic Metals Project · strontium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: strontium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:36076804037635361718 - Deposit or zone: North - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 38200000 - Grade: 0.68 - Grade Unit: % - Contained Metal: 260 - Contained Unit: kt - Cutoff Grade: 1500 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.68 - Metal Eq. Unit: % SCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of strontium as a strategic by-product, but in the inferred category and not economic as a standalone. - Positive factor: New strategic by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 0.68% Context: 38.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-23) Red Mountain Lithium and Strategic Metals Project · magnesium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: magnesium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:36076804037635361718 - Deposit or zone: North - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 38200000 - Grade: 4.66 - Grade Unit: % - Contained Metal: 1780 - Contained Unit: kt - Cutoff Grade: 1500 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of magnesium as a critical by-product, but in the inferred category and not economic as a standalone. - Positive factor: New critical by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 4.66% Context: 38.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-24) Red Mountain Lithium and Strategic Metals Project · lithium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: lithium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:bdaca0a43d7eb534588b - Deposit or zone: North - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 30000000 - Grade: 1.39 - Grade Unit: % - Contained Metal: 0.42 - Contained Unit: mt - Cutoff Grade: 1700 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 1.39 - Metal Eq. Unit: % LCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Higher grade lithium in the North zone at a higher cut-off, but with reduced tonnage and still in the inferred category. - Positive factor: Higher grade at higher cut-off - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Lower tonnage than lower cut-off Evidence · table > 1.39% Context: 30.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-25) Red Mountain Lithium and Strategic Metals Project · strontium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: strontium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:bdaca0a43d7eb534588b - Deposit or zone: North - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 30000000 - Grade: 0.74 - Grade Unit: % - Contained Metal: 222 - Contained Unit: kt - Cutoff Grade: 1700 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.74 - Metal Eq. Unit: % SCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of strontium as a strategic by-product, but in the inferred category and not economic as a standalone. - Positive factor: New strategic by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 0.74% Context: 30.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-26) Red Mountain Lithium and Strategic Metals Project · magnesium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: magnesium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:bdaca0a43d7eb534588b - Deposit or zone: North - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 30000000 - Grade: 5.03 - Grade Unit: % - Contained Metal: 1510 - Contained Unit: kt - Cutoff Grade: 1700 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of magnesium as a critical by-product, but in the inferred category and not economic as a standalone. - Positive factor: New critical by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 5.03% Context: 30.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-27) Red Mountain Lithium and Strategic Metals Project · lithium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: lithium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:9e7abb068f0f84966fe6 - Deposit or zone: Central - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 563000000 - Grade: 0.49 - Grade Unit: % - Contained Metal: 2.73 - Contained Unit: mt - Cutoff Grade: 500 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.49 - Metal Eq. Unit: % LCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Increased tonnage at a lower cut-off grade for lithium in the Central zone, but with a lower average grade and still in the inferred category. - Positive factor: Increased tonnage at lower cut-off - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Lower grade than higher cut-off Evidence · table > 0.49% Context: 563 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-28) Red Mountain Lithium and Strategic Metals Project · strontium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: strontium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:9e7abb068f0f84966fe6 - Deposit or zone: Central - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 563000000 - Grade: 0.47 - Grade Unit: % - Contained Metal: 2.67 - Contained Unit: mt - Cutoff Grade: 500 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.47 - Metal Eq. Unit: % SCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of strontium as a strategic by-product, but in the inferred category and not economic as a standalone. - Positive factor: New strategic by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 0.47% Context: 563 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-29) Red Mountain Lithium and Strategic Metals Project · magnesium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: magnesium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:9e7abb068f0f84966fe6 - Deposit or zone: Central - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 563000000 - Grade: 1.96 - Grade Unit: % - Contained Metal: 11000 - Contained Unit: kt - Cutoff Grade: 500 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of magnesium as a critical by-product, but in the inferred category and not economic as a standalone. - Positive factor: New critical by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 1.96% Context: 563 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-30) Red Mountain Lithium and Strategic Metals Project · lithium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: lithium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:3edd5c981f6946c10662 - Deposit or zone: Central - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 266000000 - Grade: 0.62 - Grade Unit: % - Contained Metal: 1.64 - Contained Unit: mt - Cutoff Grade: 900 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.62 - Metal Eq. Unit: % LCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Higher grade lithium in the Central zone at a higher cut-off, but with reduced tonnage and still in the inferred category. - Positive factor: Higher grade at higher cut-off - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Lower tonnage than lower cut-off Evidence · table > 0.62% Context: 266 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-31) Red Mountain Lithium and Strategic Metals Project · strontium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: strontium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:3edd5c981f6946c10662 - Deposit or zone: Central - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 266000000 - Grade: 0.62 - Grade Unit: % - Contained Metal: 1640 - Contained Unit: kt - Cutoff Grade: 900 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.62 - Metal Eq. Unit: % SCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of strontium as a strategic by-product, but in the inferred category and not economic as a standalone. - Positive factor: New strategic by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 0.62% Context: 266 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-32) Red Mountain Lithium and Strategic Metals Project · magnesium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: magnesium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:3edd5c981f6946c10662 - Deposit or zone: Central - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 266000000 - Grade: 2.3 - Grade Unit: % - Contained Metal: 6120 - Contained Unit: kt - Cutoff Grade: 900 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of magnesium as a critical by-product, but in the inferred category and not economic as a standalone. - Positive factor: New critical by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 2.30% Context: 266 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-33) Red Mountain Lithium and Strategic Metals Project · lithium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: lithium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:9e5a960e77a993e8e340 - Deposit or zone: Central - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 145600000 - Grade: 0.69 - Grade Unit: % - Contained Metal: 1 - Contained Unit: mt - Cutoff Grade: 1100 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.69 - Metal Eq. Unit: % LCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Higher grade lithium in the Central zone at a higher cut-off, but with reduced tonnage and still in the inferred category. - Positive factor: Higher grade at higher cut-off - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Lower tonnage than lower cut-off Evidence · table > 0.69% Context: 145.6 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-34) Red Mountain Lithium and Strategic Metals Project · strontium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: strontium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:9e5a960e77a993e8e340 - Deposit or zone: Central - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 145600000 - Grade: 0.69 - Grade Unit: % - Contained Metal: 1010 - Contained Unit: kt - Cutoff Grade: 1100 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.69 - Metal Eq. Unit: % SCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of strontium as a strategic by-product, but in the inferred category and not economic as a standalone. - Positive factor: New strategic by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 0.69% Context: 145.6 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-35) Red Mountain Lithium and Strategic Metals Project · magnesium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: magnesium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:9e5a960e77a993e8e340 - Deposit or zone: Central - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 145600000 - Grade: 2.45 - Grade Unit: % - Contained Metal: 3560 - Contained Unit: kt - Cutoff Grade: 1100 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of magnesium as a critical by-product, but in the inferred category and not economic as a standalone. - Positive factor: New critical by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 2.45% Context: 145.6 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-36) Red Mountain Lithium and Strategic Metals Project · lithium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: lithium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:78abda3b057e51f1aba1 - Deposit or zone: Central - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 66000000 - Grade: 0.76 - Grade Unit: % - Contained Metal: 0.5 - Contained Unit: mt - Cutoff Grade: 1300 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.76 - Metal Eq. Unit: % LCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Higher grade lithium in the Central zone at a higher cut-off, but with reduced tonnage and still in the inferred category. - Positive factor: Higher grade at higher cut-off - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Lower tonnage than lower cut-off Evidence · table > 0.76% Context: 66.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-37) Red Mountain Lithium and Strategic Metals Project · strontium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: strontium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:78abda3b057e51f1aba1 - Deposit or zone: Central - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 66000000 - Grade: 0.79 - Grade Unit: % - Contained Metal: 521 - Contained Unit: kt - Cutoff Grade: 1300 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.79 - Metal Eq. Unit: % SCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of strontium as a strategic by-product, but in the inferred category and not economic as a standalone. - Positive factor: New strategic by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 0.79% Context: 66.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-38) Red Mountain Lithium and Strategic Metals Project · magnesium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: magnesium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:78abda3b057e51f1aba1 - Deposit or zone: Central - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 66000000 - Grade: 2.64 - Grade Unit: % - Contained Metal: 1740 - Contained Unit: kt - Cutoff Grade: 1300 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of magnesium as a critical by-product, but in the inferred category and not economic as a standalone. - Positive factor: New critical by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 2.64% Context: 66.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-39) Red Mountain Lithium and Strategic Metals Project · lithium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: lithium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:7bd114acf9a39c0158e8 - Deposit or zone: Central - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 20300000 - Grade: 0.84 - Grade Unit: % - Contained Metal: 0.17 - Contained Unit: mt - Cutoff Grade: 1500 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.84 - Metal Eq. Unit: % LCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Higher grade lithium in the Central zone at a higher cut-off, but with reduced tonnage and still in the inferred category. - Positive factor: Higher grade at higher cut-off - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Lower tonnage than lower cut-off Evidence · table > 0.84% Context: 20.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-40) Red Mountain Lithium and Strategic Metals Project · strontium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: strontium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:7bd114acf9a39c0158e8 - Deposit or zone: Central - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 20300000 - Grade: 0.83 - Grade Unit: % - Contained Metal: 168 - Contained Unit: kt - Cutoff Grade: 1500 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.83 - Metal Eq. Unit: % SCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of strontium as a strategic by-product, but in the inferred category and not economic as a standalone. - Positive factor: New strategic by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 0.83% Context: 20.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-41) Red Mountain Lithium and Strategic Metals Project · magnesium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: magnesium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:7bd114acf9a39c0158e8 - Deposit or zone: Central - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 20300000 - Grade: 2.74 - Grade Unit: % - Contained Metal: 555 - Contained Unit: kt - Cutoff Grade: 1500 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of magnesium as a critical by-product, but in the inferred category and not economic as a standalone. - Positive factor: New critical by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 2.74% Context: 20.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-42) Red Mountain Lithium and Strategic Metals Project · lithium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: lithium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:4a85a7a8618c73c17591 - Deposit or zone: Central - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 3900000 - Grade: 0.94 - Grade Unit: % - Contained Metal: 0.04 - Contained Unit: mt - Cutoff Grade: 1700 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.94 - Metal Eq. Unit: % LCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Higher grade lithium in the Central zone at a higher cut-off, but with reduced tonnage and still in the inferred category. - Positive factor: Higher grade at higher cut-off - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Lower tonnage than lower cut-off Evidence · table > 0.94% Context: 3.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-43) Red Mountain Lithium and Strategic Metals Project · strontium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: strontium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:4a85a7a8618c73c17591 - Deposit or zone: Central - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 3900000 - Grade: 1 - Grade Unit: % - Contained Metal: 39 - Contained Unit: kt - Cutoff Grade: 1700 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 1 - Metal Eq. Unit: % SCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of strontium as a strategic by-product, but in the inferred category and not economic as a standalone. - Positive factor: New strategic by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 1.00% Context: 3.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-44) Red Mountain Lithium and Strategic Metals Project · magnesium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: magnesium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:4a85a7a8618c73c17591 - Deposit or zone: Central - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 3900000 - Grade: 2.69 - Grade Unit: % - Contained Metal: 105 - Contained Unit: kt - Cutoff Grade: 1700 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of magnesium as a critical by-product, but in the inferred category and not economic as a standalone. - Positive factor: New critical by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 2.69% Context: 3.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-45) Red Mountain Lithium and Strategic Metals Project · lithium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: lithium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:ef5bca7ab7ee6b8a27e3 - Deposit or zone: Total - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 675000000 - Grade: 0.53 - Grade Unit: % - Contained Metal: 3.59 - Contained Unit: mt - Cutoff Grade: 500 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.53 - Metal Eq. Unit: % LCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Increased tonnage at a lower cut-off grade for lithium, but with a lower average grade and still in the inferred category. - Positive factor: Increased tonnage at lower cut-off - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Lower grade than higher cut-off Evidence · table > 0.53% Context: 675 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-46) Red Mountain Lithium and Strategic Metals Project · strontium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: strontium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:ef5bca7ab7ee6b8a27e3 - Deposit or zone: Total - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 675000000 - Grade: 0.47 - Grade Unit: % - Contained Metal: 3160 - Contained Unit: kt - Cutoff Grade: 500 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.47 - Metal Eq. Unit: % SCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of strontium as a strategic by-product, but in the inferred category and not economic as a standalone. - Positive factor: New strategic by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 0.47% Context: 675 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-47) Red Mountain Lithium and Strategic Metals Project · magnesium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: magnesium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:ef5bca7ab7ee6b8a27e3 - Deposit or zone: Total - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 675000000 - Grade: 2.19 - Grade Unit: % - Contained Metal: 14800 - Contained Unit: kt - Cutoff Grade: 500 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of magnesium as a critical by-product, but in the inferred category and not economic as a standalone. - Positive factor: New critical by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 2.19% Context: 675 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-48) Red Mountain Lithium and Strategic Metals Project · lithium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: lithium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:53c1cc48baadf9ed15b7 - Deposit or zone: Total - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 344000000 - Grade: 0.69 - Grade Unit: % - Contained Metal: 2.37 - Contained Unit: mt - Cutoff Grade: 900 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.69 - Metal Eq. Unit: % LCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Higher grade lithium at a higher cut-off, but with reduced tonnage and still in the inferred category. - Positive factor: Higher grade at higher cut-off - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Lower tonnage than lower cut-off Evidence · table > 0.69% Context: 344 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-49) Red Mountain Lithium and Strategic Metals Project · strontium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: strontium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:53c1cc48baadf9ed15b7 - Deposit or zone: Total - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 344000000 - Grade: 0.6 - Grade Unit: % - Contained Metal: 2050 - Contained Unit: kt - Cutoff Grade: 900 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.6 - Metal Eq. Unit: % SCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of strontium as a strategic by-product, but in the inferred category and not economic as a standalone. - Positive factor: New strategic by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 0.60% Context: 344 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-50) Red Mountain Lithium and Strategic Metals Project · magnesium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: magnesium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:53c1cc48baadf9ed15b7 - Deposit or zone: Total - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 344000000 - Grade: 2.65 - Grade Unit: % - Contained Metal: 9110 - Contained Unit: kt - Cutoff Grade: 900 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of magnesium as a critical by-product, but in the inferred category and not economic as a standalone. - Positive factor: New critical by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 2.65% Context: 344 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-51) Red Mountain Lithium and Strategic Metals Project · lithium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: lithium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:4c77dee3e13dff7462f0 - Deposit or zone: Total - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 206000000 - Grade: 0.8 - Grade Unit: % - Contained Metal: 1.64 - Contained Unit: mt - Cutoff Grade: 1100 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.8 - Metal Eq. Unit: % LCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Higher grade lithium at a higher cut-off, but with reduced tonnage and still in the inferred category. - Positive factor: Higher grade at higher cut-off - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Lower tonnage than lower cut-off Evidence · table > 0.80% Context: 206 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-52) Red Mountain Lithium and Strategic Metals Project · strontium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: strontium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:4c77dee3e13dff7462f0 - Deposit or zone: Total - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 206000000 - Grade: 0.66 - Grade Unit: % - Contained Metal: 1360 - Contained Unit: kt - Cutoff Grade: 1100 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.66 - Metal Eq. Unit: % SCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of strontium as a strategic by-product, but in the inferred category and not economic as a standalone. - Positive factor: New strategic by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 0.66% Context: 206 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-53) Red Mountain Lithium and Strategic Metals Project · magnesium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: magnesium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:4c77dee3e13dff7462f0 - Deposit or zone: Total - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 206000000 - Grade: 2.92 - Grade Unit: % - Contained Metal: 6020 - Contained Unit: kt - Cutoff Grade: 1100 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of magnesium as a critical by-product, but in the inferred category and not economic as a standalone. - Positive factor: New critical by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 2.92% Context: 206 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-54) Red Mountain Lithium and Strategic Metals Project · lithium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: lithium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:ee0a38eb6c4e3ec4b4cf - Deposit or zone: Total - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 114000000 - Grade: 0.93 - Grade Unit: % - Contained Metal: 1.06 - Contained Unit: mt - Cutoff Grade: 1300 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.93 - Metal Eq. Unit: % LCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Higher grade lithium at a higher cut-off, but with reduced tonnage and still in the inferred category. - Positive factor: Higher grade at higher cut-off - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Lower tonnage than lower cut-off Evidence · table > 0.93% Context: 114 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-55) Red Mountain Lithium and Strategic Metals Project · strontium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: strontium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:ee0a38eb6c4e3ec4b4cf - Deposit or zone: Total - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 114000000 - Grade: 0.73 - Grade Unit: % - Contained Metal: 827 - Contained Unit: kt - Cutoff Grade: 1300 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.73 - Metal Eq. Unit: % SCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of strontium as a strategic by-product, but in the inferred category and not economic as a standalone. - Positive factor: New strategic by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 0.73% Context: 114 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-56) Red Mountain Lithium and Strategic Metals Project · magnesium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: magnesium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:ee0a38eb6c4e3ec4b4cf - Deposit or zone: Total - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 114000000 - Grade: 3.36 - Grade Unit: % - Contained Metal: 3830 - Contained Unit: kt - Cutoff Grade: 1300 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of magnesium as a critical by-product, but in the inferred category and not economic as a standalone. - Positive factor: New critical by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 3.36% Context: 114 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-57) Red Mountain Lithium and Strategic Metals Project · lithium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: lithium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:4322b0503f2ddb276ad6 - Deposit or zone: Total - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 58500000 - Grade: 1.12 - Grade Unit: % - Contained Metal: 0.66 - Contained Unit: mt - Cutoff Grade: 1500 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 1.12 - Metal Eq. Unit: % LCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Higher grade lithium at a higher cut-off, but with reduced tonnage and still in the inferred category. - Positive factor: Higher grade at higher cut-off - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Lower tonnage than lower cut-off Evidence · table > 1.12% Context: 58.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-58) Red Mountain Lithium and Strategic Metals Project · strontium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: strontium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:4322b0503f2ddb276ad6 - Deposit or zone: Total - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 58500000 - Grade: 0.74 - Grade Unit: % - Contained Metal: 431 - Contained Unit: kt - Cutoff Grade: 1500 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.74 - Metal Eq. Unit: % SCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of strontium as a strategic by-product, but in the inferred category and not economic as a standalone. - Positive factor: New strategic by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 0.74% Context: 58.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-59) Red Mountain Lithium and Strategic Metals Project · magnesium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: magnesium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:4322b0503f2ddb276ad6 - Deposit or zone: Total - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 58500000 - Grade: 3.94 - Grade Unit: % - Contained Metal: 2300 - Contained Unit: kt - Cutoff Grade: 1500 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of magnesium as a critical by-product, but in the inferred category and not economic as a standalone. - Positive factor: New critical by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 3.94% Context: 58.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-60) Red Mountain Lithium and Strategic Metals Project · lithium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: lithium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:f630ebf8e3e53de7b7fb - Deposit or zone: Total - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 33900000 - Grade: 1.34 - Grade Unit: % - Contained Metal: 0.45 - Contained Unit: mt - Cutoff Grade: 1700 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 1.34 - Metal Eq. Unit: % LCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Higher grade lithium at a higher cut-off, but with reduced tonnage and still in the inferred category. - Positive factor: Higher grade at higher cut-off - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Lower tonnage than lower cut-off Evidence · table > 1.34% Context: 33.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-61) Red Mountain Lithium and Strategic Metals Project · strontium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: strontium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:f630ebf8e3e53de7b7fb - Deposit or zone: Total - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 33900000 - Grade: 0.79 - Grade Unit: % - Contained Metal: 267 - Contained Unit: kt - Cutoff Grade: 1700 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Metal Equivalent - Metal Eq. Grade: 0.79 - Metal Eq. Unit: % SCE - Assumptions Disclosed: Yes #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of strontium as a strategic by-product, but in the inferred category and not economic as a standalone. - Positive factor: New strategic by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 0.79% Context: 33.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vms-red-mountain-mre-updated-with-strontium-and-magnesium--2209515e-c233-4ebe-a4bc-003d37572241#fact-resource-facts-62) Red Mountain Lithium and Strategic Metals Project · magnesium #### Identity - Project: Red Mountain Lithium and Strategic Metals Project - Commodity: magnesium - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: VMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Richard Newport - Resource group id: resource:f630ebf8e3e53de7b7fb - Deposit or zone: Total - Mining method: open\_pit - Material type: clay-hosted - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 33900000 - Grade: 4.61 - Grade Unit: % - Contained Metal: 1560 - Contained Unit: kt - Cutoff Grade: 1700 - Cutoff Unit: ppm Li #### Prior Estimate - Resource Date: 2026-10-06 #### Location - CRS: NAD83 UTM Zone 11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: New addition of magnesium as a critical by-product, but in the inferred category and not economic as a standalone. - Positive factor: New critical by-product addition - Positive factor: JORC compliant - Negative factor: Inferred category only - Negative factor: Not economic to mine on its own Evidence · table > 4.61% Context: 33.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.