Storm Completes Sale of Miminiska Project for $5.8M and Outlines Plans for 2026

VANCOUVER, BC / ACCESS Newswire / February 13, 2026 / Storm Exploration Inc. (TSXV:STRM) ("Storm" or the "Company") today announced that it has exercised its option to acquire a 100% interest in the Miminiska and Keezhik Projects from Landore Resources Canada Inc. ("Landore") and immediately sold its interest in the Miminiska Project to Canadian Goldfields Discovery Corp. (formerly European Electric Metals Inc.) ("CGDC") for total consideration of $5,812,500.

"These transactions place Storm in a strong position to take advantage of the bull market for precious metals and critical minerals," commented Bruce Counts, President and CEO of Storm. "The Company has relatively few shares outstanding, a robust balance sheet and 100% ownership of three demonstrably prospective, district-scale exploration projects in northwestern Ontario, two of which are slated for drilling in 2026."

Option Exercise

Storm exercised its option to acquire a 100% interest in the Miminiska and Keezhik Projects from Landore under its property option agreement (the "Option Agreement") dated May 5, 2021, as amended (see the Company's news releases dated May 10, 2021, December 7, 2022, July 5, 2023, February 8, 2024, June 4, 2024, and August 19, 2024), by completing its remaining option payment of $1,312,500 under the Option Agreement (the "Option Exercise").

In connection with the Option Exercise, the Company entered into a net smelter royalty agreement (the "NSR Agreement") whereby Landore has retained a 2% Net Smelter Royalty (the "NSR") on the Keezhik Project pursuant to the terms of the Option Agreement. Under the NSR Agreement, Storm may buy back 1% of the NSR by paying Landore $1,000,000 at any time.

Sale of Miminiska Project

Immediately following the Option Exercise, the Company completed the sale of its interest in the Miminiska Project to CGDC, pursuant to a mineral property purchase agreement dated November 28, 2025, as amended (the "Definitive Agreement", and collectively, the "Transaction"), as previously announced on December 1, 2025. The total consideration to be paid by CGDCincludes cash and share payments equal to an aggregate of $5,812,500.

Consideration

Prior to closing of the Transaction, CGDC paid a $200,000 non-refundable cash deposit to the Company. On closing of the Transaction (the "Closing Date"), CGDC made an aggregate cash payment of $1,800,000, of which $1,312,500 was used by Storm for the Option Exercise. Pursuant to the terms of the Definitive Agreement, CGDC will make an additional cash payment on the 3-month and 9-month anniversaries of the Closing date equal to an aggregate of $1,525,000.