VANCOUVER, British Columbia — December 9, 2025 — Leads & Copy — Penbar Capital Ltd., soon to be renamed “Eastport Critical Minerals Corp.,” (TSXV: EVI) has launched Phase 1 drilling at the Foley Uranium project in Botswana.
The company announced the launch of the 5,000m Foley Uranium Phase 1 RC drilling campaign, which borders the Lotus Resources 114 Mlb Letlhakane Deposit, one of the world’s largest undeveloped uranium resources (365 Mt @ 307 ppm U3O8).
Eastport’s Phase 1 RC Drill program will test a continuous 15km+ radiometric anomaly trending directly into Foley, marking the first drilling of the Northern Extension.
The project is targeting a Langer Heinrich-Style paleo-channel uranium deposit, seeking shallow (40-80 m), redox-controlled mineralization in heap-leach amenable sandstones.
The Foley Uranium Project (PL113/2020) is located about 75 km south of Francistown in the Central District of Botswana, directly abutting the Lotus Resources’ licenses that hosts their world-scale Letlhakane Uranium Deposit. The company said that the project enjoys sealed highway access via the A14, close proximity to the national power grid and abundant groundwater for processing.
Within one month of its TSX-V admission, Eastport has launched three critical metals drill programs targeting Copper, Rare Earth Elements, and Uranium.
Rick Bonner, Director & VP Exploration, said the best place to look for a deposit is adjacent to an existing one in the same geological terrane. He added that the mineralized system that hosts the Letlhakane Uranium Deposit has been mapped trending northward and that Eastport’s license sits directly along strike of this feature.
Burns Singh Tennent-Bhohi, CEO, said that Lotus Resources has demonstrated the potential of the Letlhakane Uranium Deposit. He added that, since acquiring the asset in July 2023, Lotus has invested heavily in drilling, resource upgrades, and scoping studies, confirming Letlhakane as one of the largest uranium systems globally, with a resource base exceeding 113 million pounds. He said Letlhakane is one of a portfolio of assets that establishes Lotus as one of the leading uranium developers in the world.
Eastport is advancing five projects in Botswana, with cumulative historical and current expenditures approaching $20 million. Its most advanced asset is the Matsitama Copper Project, which hosts multiple sizeable targets across the Matsitama copper district.
The company’s other projects are Selebi East, a nickel-copper-cobalt project located seven kilometers east of the historic Selebi Mines; the Semarule Rare Earth Elements Project, positioned within the Gaborone-Molepolole corridor; and the Keng Project, which targets nickel, copper and PGE’s on the northern margin of the Molopo Farms Complex.
Botswana is considered one of Africa’s strongest mining jurisdictions, combining the continent’s highest GDP per capita with a 50-year track record of large-scale mineral development since the Orapa diamond discovery in 1967. The country ranks among the top performers globally on the Fraser Institute’s Investment Attractiveness Index and is the highest-rated jurisdiction in Africa on the Policy Perception Index.
Liz de Klerk Pri.Sci.Nat.,FIMM, of Micon International, an Independent Consultant of the Company and a Qualified Person as that term is defined in National Instrument 43-101, has reviewed and approved the information in this news release.
Burns Singh Tennent-Bhohi
CEO and Director
burns@eastportventures.com
info@eastportventures.com
Investor Relations
KIN Communications Inc.
604-684-6730
EVI@kincommunications.com
Source: Eastport Critical Minerals Corp.
