#Canada #Calgary #Project THOR #Canadian Energy Metals #alumina production

Canadian Energy Metals Pioneers New Alumina Production

Canadian Energy Metals Corp. (CEM), a forward-thinking company in the energy sector, has launched groundbreaking advancements in the production of metallurgical-grade alumina from non-bauxite sources. This notable achievement stems from the company's ongoing project, known as project Thor, which is located to the northeast of Saskatchewan, near the town of Tisdale.

CEM recently announced positive results from its efforts to extract strategic and critical metals from black shales associated with project Thor. This innovative approach validates the production processes necessary for achieving high-purity alumina, a vital raw material in aluminum metal production. The company has successfully demonstrated that the alumina produced from these new sources meets the same purity and technical specifications as that produced through the Bayer process, which has been the standard in the industry.

In addition to validating its new production methods, CEM has officially commenced a prefeasibility study (PFS). The PFS aims to provide robust economic and technical analyses that define mining, refining, and smelting processes; reinforce resource estimation reliability; establish preliminary capital and operating costs; evaluate logistics, infrastructure, and market options; and determine the project's commercial viability for advancing to a comprehensive feasibility study (FS).

Christopher Hopkins, CEO of CEM, stated, "The processes we have developed in collaboration with our key engineering partners propel us forward on the path to establishing North America's first fully integrated aluminum project. We take pride in this success and are expediting the prefeasibility study.'

The groundwork for this initiative includes a feasibility demonstration conducted in January 2026, focusing on the recovery of high-purity alumina and chemical-grade alumina from the black shales within project Thor. In May 2026, the company released a preliminary economic analysis (PEA) that evaluated the potential profitability of producing high-purity alumina products from discovered shales.

This crucial feasibility demonstration for smelter-grade alumina expands the product development perspectives for project Thor and aligns with CEM's broader goal of establishing a domestic source of alumina-based products and essential strategic metals. Given the current global supply chain disruptions, CEM's ability to create a secure North American supply chain—from resource extraction to transformation and delivery to clients—is a critical differentiator and foundational element of its strategic value proposition.

CEM is dedicated to refining its technical processes as it progresses towards its preliminary feasibility study while simultaneously broadening exploration efforts to identify additional potential deposits of strategic metals across its mining properties.

About Canadian Energy Metals Corp.

CEM is a private company holding a 100% interest in the Thor project in Saskatchewan, free from encumbrances. Its primary focus is on leveraging its resources in alumina and associated strategic and essential metals from the black shales of the Thor project. The company seeks to showcase the technical and economic pathways for the potential development of an integrated upstream supply chain for alumina and aluminum in North America.

Qualified Person

The scientific and technical information contained in this release has been reviewed and approved by Gary Billingsley, P. Geo, a qualified person as defined by National Instrument 43-101. Mr. Billingsley is not independent of the company.

Cautionary Note

The prefeasibility study (PEA) referenced in this release is preliminary in nature and is based solely on measured and indicated mineral resources, excluding inferred mineral resources. It is crucial not to assume that any part of the measured or indicated mineral resources will ever be converted into mineral reserves following further technical studies. The actual results of this project may significantly differ from the preliminary economic assessments.

Forward-Looking Statements

This press release contains forward-looking statements concerning the anticipated recovery of smelter-grade alumina, high-purity alumina, and chemical-grade alumina from project Thor's black shales and the technical and economic viability of the project. Readers are cautioned not to place undue reliance on these forward-looking statements, as the outcomes may vary due to known and unknown risks.