Portland, Oregon and Stockholm, Sweden--(Newsfile Corp. - August 5, 2026) - Geomorphic AI ("Geomorphic" or the "Company"), an AI-driven prospect-generator in the minerals exploration sector, is pleased to announce that it has assembled a data package on the Njuggträskliden Ni-Cu-Co-PGE Project ("Njuggträskliden" or the "Project") - an interpreted magmatic nickel-copper-cobalt-PGE sulphide conduit on Sweden's "Nickel Line" in the Bothnian Basin, Västerbotten, immediately south of the Skellefte District. Geomorphic has secured a land package of approximately 12,411 hectares in a single contiguous block. The Company is now seeking a joint venture partner to advance or acquire the Project.
Njuggträskliden is a drilled magmatic sulphide system whose remaining value sits in three places, none of them tested: the depth extension below 268 metres, an undrilled 1,425 nT magnetic anomaly inside the permit, and a platinum-group credit that can be quantified from archived core before a single new metre is drilled. Eight campaigns between 1979 and 2008 defined four mineralised zones over 2+ kilometres of strike, returning intercepts to 25.4 metres at 1.02% Ni, 0.49% Cu, 1.00 g/t Pt, 0.53 g/t Pd - historical work an incoming partner inherits rather than repeats.
Geomorphic AI VP of Business Development, Jeff Phillips said, "Njuggträskliden gives a partner two clear paths to value. Historical drilling has not tested the Project below 268 metres, all four zones are open down-dip, and the intrusion is interpreted as a feeder system that no hole has tested at depth. The platinum-group credit has been measured in barely a third of the holes, and every zone tested for platinum-group metals has returned them. The Project is covered by 12,411 hectares, with the entire archive compiled into a data room, and we are now looking for a joint-venture partner to advance or acquire it."
PROJECT HIGHLIGHTS
Untested below 268 metres: every one of the 105 historic holes stops at or above 268 m. Eight campaigns (1979-2008) defined four mineralised zones over 2+ km of strike - all four remain open down-dip, and the interpreted feeder has never been drilled.
Historic nickel-PGE intercepts:
NJU-07-001 (Zone D): 25.4 m @ 1.02% Ni, 0.49% Cu, 1.00 g/t Pt, 0.53 g/t Pd
NJU79031 (Zone D): 24.6 m @ 0.98% Ni, 0.58% Cu; separate 23.0 m PGE composite @ 1.6 g/t Pt, 1.05 g/t Pd (PRAP 83075)
NJU90006 (Zone C/D): 14.3 m @ 0.79% Ni, 0.69% Cu, 4.77 g/t Pd, including 2.35 m @ 25.6 g/t Pd
High nickel tenor: recalculated against sulphide content, Zone D carries approximately 4% Ni (Zone C/D ~2.1%, Zone A ~1.8%). The modest in-situ grade is silicate dilution, not low fertility.
Re-assay upside, before any drilling: platinum and palladium have been analysed in only 38 of the 105 holes, and roughly half of the mineralised core has never been analysed for them. Where they have been analysed - approximately 104 aggregate metres of mineralised core above a 0.3% Ni cut-off - the length-weighted averages are 0.87% Ni, 1.25 g/t Pd and 0.64 g/t Pt.
Undrilled 1,425 nT magnetic anomaly inside the permit: approximately eight kilometres northwest of the drilled zones, at nearly three times the amplitude of anything measured over the drilled deposit. Ground geophysics and till sampling are inexpensive first steps on ground already held.
Six EU critical raw materials: nickel, copper, cobalt, platinum, palladium and graphite, which the permit covers as a separate, co-located target in the same host paragneiss. Mineralogy separately indicates Ni-Cu-Co with Pt-Pd-Au credits may be recoverable through a conventional nickel-copper flotation flowsheet, pending metallurgical testwork.
Granted ground, no competing rights: UT 2026:73 covers 12,411 hectares in a single contiguous block to May 2029, with no third-party mineral-rights overlap.
Belt recognised by the regulator: the same Nickel Line hosts Lappvattnet (780 kt @ 1.35% Ni inferred), designated a Property of National Interest by SGU in December 2025.
Access and route to market: year-round forest-road access and a 130 kV transmission line within 20 kilometres. Boliden Harjavalta - the Nordic region's only nickel smelter and an active buyer of third-party concentrate - is a potential marketing route.
Figure 1: Njuggträskliden Ni-Cu-Co-PGE Project - Regional Location, the Nickel Line, Västerbotten, Sweden.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12557/308233_dde6cdb514a98b4f_001full.jpg
Joint-Venture Opportunity
Njuggträskliden's principal value drivers are platinum-group re-assay, the depth extension and the northwest magnetic anomaly. The PGE credit can be tested before new drilling; the other targets are staged drill opportunities. Geomorphic's data room compiles the historic drilling, geophysics, mineralogy and assays. An incoming partner would advance archived-core re-assay at SGU Malå, focused ground geophysics and till sampling over the northwest anomaly, and drilling below 268 m. The Company is seeking a joint-venture or earn-in partner to fund and execute this program using the Project tenure, data and targeting assembled to date.
About Geomorphic AI
Geomorphic AI is a prospect generator. Using systematic, data-driven screening of geological databases and historic datasets, the Company identifies overlooked mineral systems in Tier-1 jurisdictions, secures the ground, and compiles drill-ready data packages. Geomorphic then advances these projects through joint ventures, earn-in agreements and other partnerships with operating companies that fund and execute exploration, while Geomorphic retains a continuing interest. The Company's role is to generate and package quality targets - not to fund or operate drilling itself.
For joint-venture and partnership enquiries, please contact:
Jeff Phillips, VP Business Development | investors@geomorphic.ai
Technical Notes
The exploration results referred to in this release - including the drill intercepts, the nickel tenor and the platinum-group grades - are historic in nature and are drawn from the Geological Survey of Sweden (SGU) and Nickelutredningen reporting (BRAP 81007, BRAP 82119, PRAP 84074), the Blackstone Nickel 2007-08 programme and other public records. This information has not been independently verified by the Company, and no Qualified Person has undertaken sufficient work to verify it or to classify it as a current Mineral Resource; the Company is not treating it as a current Mineral Resource. No current Mineral Resource or Mineral Reserve exists for the Project, none is implied, and no tonnage or grade target is stated for the property. Reported intercepts are composites calculated at a 0.1% Ni cut-off with a maximum 2.0 m of internal dilution and a 1.0 m minimum width; the platinum-group averages quoted above are calculated at a 0.3% Ni cut-off. All are downhole lengths and true widths are unknown. The NJU90006 palladium composite is dominated by a single 2.35 m sample assaying 25.6 g/t Pd, and selective high-grade intervals are not representative of the average grade of any zone. Nickel tenor is a fertility indicator derived by regression of nickel against sulphide content, not a grade estimate. Platinum-group coverage is partial - 38 of 105 holes, with roughly half of the mineralised core unanalysed - so all platinum-group statements are indications pending systematic re-assay. No metallurgical testwork exists at Njuggträskliden. The Lappvattnet figure is a historical third-party estimate disclosed on another property, is provided for regional context only, and is not indicative of any result at Njuggträskliden. The northwest magnetic anomaly is an undrilled geophysical target, not a defined body. A Swedish exploration permit (undersökningstillstånd) confers the exclusive right to explore for the listed minerals within the permit area and priority to apply for an exploitation concession; it is not itself a mining right, and work on the ground is carried out under a work plan (arbetsplan). Permit UT 2026:73 is currently registered to Adelheid Holdings LLC pending transfer to Geomorphic's Swedish entity; particular field activities may require additional environmental and access approvals. Readers are cautioned not to place undue reliance on historical data.
Forward-Looking Statements
This release contains forward-looking statements subject to risks and uncertainties, including permit-transfer, work-plan and other approval timing, re-assay, geophysical and drilling results, the interpretation of historical data, the relevance of nearby deposits as analogues, commodity prices, and exploration outcomes. Actual results may differ materially. Readers should not place undue reliance on forward-looking statements, which are made as of the date of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/308233
Source: Geomorphic AI