Korsnäs Rare Earth Project Expansion

inferred resource

European Resources has more than doubled the mineral resource at the Korsnäs rare earth project in western Finland to 15.4 million tonnes at approximately 1.0% total rare earth oxides (TREO), containing 138 million kg of rare earths including critical magnet materials NdPr for electric vehicles and wind turbines. The project is positioned as a potential cornerstone asset in Europe's effort to reduce reliance on China for rare earth refining and magnet production, leveraging Finland's stable jurisdiction and infrastructure. However, the resource remains classified as inferred and early-stage, not yet economically proven or in production.