BN Strategic Metals Reports Update to S-K 1300 Technical Report for Atolia Tungsten Project

An updated technical report estimates approximately 40.4 million pounds of contained tungsten trioxide (WO₃) and a pre-tax net present value of $1.475 billion. The company also proposed a U.S. ammonium paratungstate (APT) refinery as part of its strategy to build an integrated domestic tungsten supply chain. The report strengthens the project’s stated economic case, though the refinery and supply-chain strategy remain proposed rather than operational.