BWR Exploration Inc. and Electro Metals and Mining Inc. Provide Financing and Transaction Update

Toronto, Ontario – February 19, 2026 – BWR Explora-on Inc. (TSXV: BWR) (“BWR”) and Electro Metals and Mining Inc. (“Electro”) (together, the “Companies”) are pleased to provide an update on their previously announced non-brokered private placement financing. Further to the Companies’ press release dated November 25, 2025, Electro has issued 3,387,500 hard dollar units at a price of $0.20 per Unit, and 991,150 cri-cal mineral flow-through units at a price of $0.26 per FT Unit, for aggregate gross proceeds of $935,200 (the “Offering”).

The Offering remains open. The Companies intend to raise minimum aggregate gross proceeds of $3.2 million, of which at least $1.6 million will be comprised of hard dollar units, with the balance consis-ng of any combina-on of hard dollar and cri-cal mineral flow-through units. The Companies expect to close a final tranche in late March upon achieving the minimum offering amount. Visit us at PDAC at booth 2418A.

Expected Closing of TransacPon

In addi-on, the Companies con-nue to make prepara-ons for the previously announced reverse takeover transac-on (the “RTO Transac-on”), which is expected to close concurrently with the closing of the financing once final approval is received from the TSX Venture Exchange (the “TSXV”). Upon comple-on of the RTO Transac-on, the resul-ng issuer, Electro Metals Corp., is expected to commence trading on the TSXV, under trading symbol EMC.V.

Under the terms of the Transac-on, BWR will issue to Electro shareholders one post-consolida-on BWR share for each Electro share, subject to final adjustment, implying a share price of $0.021 for each preconsolida-on BWR share. The BWR shares have traded up to a price of $0.02 which is closely aligned with the post consolida-on share exchange price of $0.021 described in the November 25, 2025 press release.

Final regulatory approval of the Transac-on remains condi-onal upon the Companies raising the minimum financing amount, and other customary regulatory approvals.

“Advancing the financing and the Transac-on in parallel demonstrates our commitment to entering the public markets with financial strength,” said Daryl Hodges, CEO. “We are working diligently to complete the remaining tranche and sa-sfy the TSXV condi-ons so that Electro Metals Corp. can commence trading as planned. We look forward to comple-ng the final tranche of the financing, commencing trading on the TSXV, and advancing our high-grade copper and gold projects. Under the structure of the Transac-on, investors will receive free-trading shares of Electro Metals Corp. upon closing of the Transac-on.”

Electro Advancing Magusi Field Work and PermiTng

Electro has completed a high-resolu-on drone magne-c survey over two priority areas at the Magusi Project.

The first survey area encompasses the Magusi and Fabie deposits and extends eastward toward the East Zone along the prospec-ve horizon connec-ng the East and West Zones, transec-ng both deposits. The second survey area covers a block of ground south of the Moose Lake area and Conductor B. The highresolu-on data enhance and refine previous geophysical surveys and are expected to improve drill targe-ng and the placement of future diamond drill holes. Electro con-nues to advance the permiing process and an-cipates commencing diamond drilling in late March or early April, subject to comple-ng the financing and transac-on, and all necessary approvals.

The explora-on targets referenced herein are described in the NI 43-101 Technical Report filed in November 2025, which is available under BWR Explora-on Inc.’s profile on SEDAR+ at www.sedarplus.ca and on the Companies’ websites at www.electrometalscorp.com and www.bwrexplora-on.com.

About BWR ExploraPon Inc. 

BWR is a “Tier 2 junior explora-on company” with shares listed and trading on the TSXV Venture Exchange (trading symbol: “BWR.V”). BWR holds three early-stage explora-on proper-es in Canada, one in Québec (Vendôme Sud copper, nickel -PGM) project, one in Ontario (Shunsby copper, zinc, (+Ag) project), and one in Manitoba (Liple Stull Lake Gold Project), each property has reported historic resources that are noncompliant with respect to current Na-onal Instrument 43-101 repor-ng standards. As such, each property requires addi-onal explora-on to elevate the non-compliant historic resource classifica-on to current repor-ng standards.  Management of BWR includes an accomplished group of explora-on/mining specialists with many decades of opera-onal experience in the junior resource sector in Canada and abroad.

About Electro Metals and Mining Inc. 

Electro is a privately held Canadian company based in Toronto, Ontario, engaged in the acquisi-on, explora-on and poten-al development of precious and cri-cal metals in Québec, Canada. Electro has a 100% - owned block of claims covering 570.73 hectares with historical copper - silver mineraliza-on and has an op-on agreement to earn 100% interest, on an adjacent core block of 6,517.6 hectares including a known copper – zinc – silver – gold deposit (Magusi), plus a mining lease on an addi-onal 11.46 hectares, covering a par-ally mined high grade copper deposit (Fabie). The project area is located approximately 45 km by gravel and paved road northwest of Rouyn-Noranda, Quebec. (see press releases dated August 20, 2025, November 25, 2025 and December 31, 2025).

For further informaPon, please contact:

BWR ExploraPon Inc.

Neil Novak Phone: (416) 848 6866 Email: [email protected]

Electro Metals and Mining Inc.

Daryl Hodges Phone: (647) 271 3817 Email: [email protected]

Neither TSX Venture Exchange nor its RegulaPon Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

Forward-Looking InformaPon 

Comple'on of the proposed Transac'on is subject to a number of condi'ons, including but not limited to, TSXV acceptance and if applicable, disinterested shareholder approval. Where applicable, the proposed Transac'on cannot close un'l the required shareholder approval is obtained. There can be no assurance that the proposed Transac'on will be completed as proposed or at all. 

Investors are cau'oned that any informa'on released or received with respect to the proposed Transac'on may not be accurate or complete and should not be relied upon. Trading in the securi'es of BWR should be considered highly specula've. 

The TSXV has in no way passed upon the merits of the proposed Transac'on and has neither approved nor disapproved the contents of this press release. 

All informa'on contained in this news release with respect to BWR and Electro was supplied by the par'es, respec'vely, for inclusion herein, and each such party has relied on the other party for any informa'on concerning such party. 

This news release contains forward-looking statements rela'ng to the 'ming and comple'on of the proposed Transac'on, the share capital of the Resul'ng Issuer, the future opera'ons of BWR, Electro, and the Resul'ng Issuer, the proposed directors, officers and advisors of the Resul'ng Issuer and other statements that are not historical facts. Forward-looking statements are oLen iden'fied by terms such as “will”, “may”, “should”, “an'cipate”, “expects” and similar expressions. All statements other than statements of historical fact, included in this release, including, without limita'on, statements regarding the proposed Transac'on and the future plans and objec'ves of BWR, Electro, and the Resul'ng Issuer are forward-looking statements that involve risks and uncertain'es. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those an'cipated in such statements. Important factors that could cause actual results to differ materially from BWR’s, Electro’s, and the Resul'ng Issuer’s expecta'ons include the failure to sa'sfy the condi'ons to comple'on of the proposed Transac'on set forth above and other risks detailed from 'me to 'me in the lings made by BWR, Electro, and the Resul'ng Issuer with securi'es regulators. 

The reader is cau'oned that assump'ons used in the prepara'on of any forward- looking informa'on may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertain'es, and other factors, many of which are beyond the control of BWR, Electro, and the Resul'ng Issuer. As a result, BWR, Electro, and the Resul'ng Issuer cannot guarantee that the proposed Transac'on will be completed on the terms and within the 'me disclosed herein or at all. The reader is cau'oned not to place undue reliance on any forward- looking informa'on. Such informa'on, although considered reasonable by management at the 'me of prepara'on, may prove to be incorrect and actual results may differ materially from those an'cipated. Forward- looking statements contained in this news release are expressly qualified by this cau'onary statement. The forward-looking statements contained in this news release are made as of the date of this news release and BWR, Electro, and the Resul'ng Issuer expressly disclaim any inten'on or obliga'on to update or revise any forward-looking informa'on, whether as a result of new informa'on, future events or otherwise, except as expressly required by applicable securi'es law.