Eastport Critical Metals Corp.: Eastport Provides Year End Shareholder Update

Vancouver, British Columbia — December 22, 2025 — Eastport Critical Metals Corp. (TSXV: EVI) (“Eastport” or the “Company”) provides a year-end update and outlines priorities for the coming year following a strong start as a newly listed issuer.

Highlights

• Completion of the Qualifying Transaction with Penbar Capital Ltd., an oversubscribed concurrent financing, and admission to the TSX Venture Exchange.
• Launch of Phase 1 drilling at the Matsitama Copper Project, the Company’s qualifying property.
• Commencement of Phase 1 drilling at the Semarule Rare Earth Elements (REE) Project.
• Start of Phase 1 drilling at the Foley Uranium Project.

CEO commentary

Since listing on November 20, 2025, Eastport has initiated and advanced three concurrent drill programs across its copper, rare earth, and uranium assets in Botswana. Management emphasized that progressing projects through the most capital-intensive stage of the mining development cycle requires disciplined execution and supportive market conditions. The Company’s focus is to position its portfolio to capture value when capital access, investor sentiment, and commodity pricing align.

Looking ahead to 2026, Eastport is committed to a balanced strategy that advances exploration while preserving capital efficiency and long-term shareholder value.

Strategic priorities for 2026

• Develop and Distribute: Eastport holds five critical minerals projects at varying stages of technical maturity. As drilling and exploration advance, the Company intends to pursue selective corporate transactions designed to reduce direct balance sheet exposure to development costs while maintaining meaningful economic interests for shareholders.
• International Market Access: The Company is evaluating potential secondary listings to better align with the geographic breadth of its shareholder base, assets, board, and management. The objective is to enhance accessibility and liquidity for investors in their home markets.
• Anchor Asset Focus: Eastport is not a pure project generator. While maintaining optionality across its portfolio, the Company will prioritize the advancement of a flagship asset alongside its Develop and Distribute approach, directing resources to the highest-conviction opportunity as the Company matures.

Project locations in Botswana

About Eastport Critical Metals Corp.

Eastport is a critical minerals development company with five projects in Botswana and cumulative historical and current expenditures approaching $20 million. The Company’s most advanced asset is the Matsitama Copper Project, which hosts multiple sizeable targets across the broader Matsitama copper district.

• Matsitama Copper Project: Flagship copper exploration project with multiple high-priority targets.
• Selebi East: Nickel-copper-cobalt project located approximately seven kilometres east of the historic Selebi Mines.
• Semarule REE Project: Rare earth elements target situated within the Gaborone–Molepolole corridor.
• Foley Uranium Project: Uranium exploration project adjoining the Letlhakane deposit.
• Keng Project: Nickel, copper, and PGE target on the northern margin of the Molopo Farms Complex.

Botswana is widely recognized as one of Africa’s strongest mining jurisdictions, with a long-standing record of major mineral development and a stable regulatory environment. The country’s policy consistency, rule of law, and supportive stance toward responsible resource development have underpinned significant investment and industry activity over many decades.

Commitment to stakeholders

Eastport closes 2025 with meaningful operational progress and a clear plan to build on that momentum in 2026. The Company extends appreciation to shareholders, local stakeholders in Botswana, advisors, directors, and the management team for their continued support. The year ahead will focus on disciplined execution across exploration, corporate initiatives, and capital allocation.

Forward-looking information

This update contains forward-looking statements, including statements regarding exploration plans, potential transactions, market access initiatives, and the advancement of projects. These statements are based on assumptions and are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied. Factors include general economic conditions, the state of capital markets, commodity prices, operational and geological risks, regulatory developments, and investor sentiment.

Forward-looking statements are made as of the date of this update and are subject to change. Except as required by applicable securities laws, the Company does not undertake to update any forward-looking statements. Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.