Union Power Metals Engages SLR and Luke Evans for NI 43-101 Mineral Resource Estimate and Technical Report and Adopts Semi-Annual Reporting
UNION POWER METALS CORPORATION
FOR IMMEDIATE RELEASE
Union Power Metals Engages SLR and Luke Evans for NI 43-101 Mineral Resource
Estimate and Technical Report and Adopts Semi-Annual Reporting
Vancouver, British Columbia – May 26, 2026 – Union Power Metals Corporation (“Union
Power Metals” or the “Company”) (CSE: UPPR, OTCQB: UPR, FRA: UPR) is pleased to
announce that it has engaged SLR Consulting (Canada) Ltd. (“SLR”), a globally recognized
mining advisory and technical consulting firm, to complete an initial Mineral Resource Estimate
and prepare a National Instrument 43-101 Technical Report for the Company’s Michalova
Manganese Project in Slovakia. The Company has also elected to rely on Coordinated Blanket
Order 51-933 – Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers (the
“CBO 51-933”) and move to semi-annual financial reporting (“SAR”).
SLR is a leading global mining advisory practice with offices across Canada, the United States,
Latin America, Europe, and Asia-Pacific. The firm provides expertise in geology, mineral
resources, metallurgy, mining engineering, environmental and social studies, ESG, technical due
diligence, and public disclosure reporting for mining companies globally.
The technical work will be led by Luke Evans, M.Sc., P.Eng., ing., Global Technical Director
and Geology Group Leader at SLR. Mr. Evans has more than 40 years of international mining
and consulting experience and has authored and supervised the preparation of numerous NI 43-
101, JORC and S-K 1300 technical reports worldwide across a broad range of commodities,
including manganese projects. His experience spans mineral resource estimation, due diligence
reviews, geostatistical studies, and technical reporting for projects ranging from grassroots
exploration to advanced mining operations.
CBO 51 -933 allows eligible venture issuers listed on the Canadian Securities Exchange to
voluntarily move from a quarterly to a semi-annual financial reporting framework. The Company’s
fiscal year ends on December 31. Under the SAR pilot program, the Company will be exempt from
filing interim financial reports and related Management’s Discussion & Analysis (“ MD&A”) for
its first and third quarters.
• Interim Period: The Company will not file interim financial reports and related MD&A for
the three months ended March 31, 2026 and the Company will not be required to file any
interim financial reports and related MD&A for any subsequent quarters ended September
30 (Q3) or March 31 (Q1) in each financial year.
• Ongoing Reporting: The Company will continue to file audited financial statements and
related MD&A (due within 120 days of December 31) and six -month interim financial
reports and related MD&A (due within 60 days of June 30).
The Company confirms it meets the SAR pilot program’s eligibility criteria, which include being
a venture issuer with annual revenues of less than $10 million and maintaining a clean 12 -month
continuous disclosure record.
This news release is being filed pursuant to Coordinated Blanket Order 51 -933 - Exemptions to
Permit Semi-Annual Reporting for Certain Venture Issuers.
About Union Power Metals Corporation
Union Power Metals Corporation is a mineral exploration company focused on advancing high -
potential manganese projects in Slovakia, while maintaining exposure to uranium assets in
Botswana. The Company is committed to responsible development and long -term value creation
through the advancement of critical minerals essential to the global energy transition.
ON BEHALF OF THE BOARD OF DIRECTORS
Derrick Dao
Chief Executive Officer
Union Power Metals Corporation
For more information, please contact:
Derrick Dao
Chief Executive Officer
+1 825 558 3828
Carrie Howes
Investor Relations
+1 647 725 9639
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the
policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Cautionary Statement Regarding Forward-Looking Information:
This news release contains statements which constitute “forward-looking information” within the
meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs
and current expectations of the Company with respect to future business activities and plans of the
Company. Forward-looking information is often identified by the words “may”, “would”, “could”,
“should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar
expressions and includes information regarding the Company’s adoption of SAR and reliance on
CBO 51-933, and the Company’s continued eligibility for, and participation in, SAR.
Such forward -looking statements are based on a number of assumptions of management,
including, without limitation, the Company’s continued eligibility for SAR.
Additionally, forward -looking information involves a variety of known and unknown risks,
uncertainties and other factors which may cause the actual plans, intentions, activities, results,
performance or achievements of the Company to be materially differen t from any future plans,
intentions, activities, results, performance or achievements expressed or implied by such forward-
looking statements. Such risks include, without limitation, the Company ceasing to meet the
eligibility criteria for SAR.
Such forward-looking information represents management's best judgment based on information
currently available. No forward-looking statement can be guaranteed, and actual future results may
vary materially. Accordingly, readers are advised not to place un due reliance on forward-looking
statements or information. Neither the Company nor any of its representatives make any
representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of
the information in this news release. Neither the Company nor any of its representatives shall have
any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting
from the use of the information in this news release by you or any of your representatives or f or
omissions from the information in this news release.
The forward-looking statements herein speak only as of the date they were originally made. The
Company has no intention and undertakes no obligation to update or revise any forward -looking
statements, whether as a result of new information, future events or otherwise, except as required
by law.