NordX Historical Drill Core Resampling Confirms 11.3m Grading 0.68% U3O8 Beginning at 21.2m Downhole, at the Riutta Project, Finland

NordX confirms high-grade uranium in Finland, but investment case remains unproven.

Risk flags

• ●There is no resource estimate, preliminary economic assessment, or production plan disclosed, so the commercial potential of the Riutta project remains unquantified. Without these, investors cannot gauge the project's scale, viability, or timeline to cash flow.
• ●The announcement lacks any financial data, including cash position, burn rate, or funding requirements for future exploration. This omission prevents assessment of financial health or the risk of future dilution.
• ●Technical results are based on historical core resampling, with only 10 new holes drilled in the last 38 years. Reliance on legacy data may not reflect current geological understanding or regulatory standards, increasing uncertainty around project advancement.

Bottom line

This update confirms the presence of high-grade uranium at the Riutta project in Finland, supported by detailed assay intervals and robust QAQC procedures. While the technical results are credible and suggest exploration potential, the absence of a resource estimate, economic study, or financial disclosure leaves the investment case unproven. The company's narrative is promotional and forward-looking, but no concrete steps toward development, funding, or value creation are outlined. Investors have no basis to assess project scale, timeline, or capital requirements from this announcement alone. To move beyond early-stage speculation, NordX would need to deliver a maiden resource, economic analysis, and clear financial transparency. The key takeaway: technical progress is real, but actionable investment information is still missing.

Announcement summary

(CSE: NRDX) (OTCQB: NRDMF) NordX Metals Corp. announced assay results from a historical drill core resampling program confirming significant, shallow uranium mineralization at its 100%-owned Riutta project near Joensuu in eastern Finland. The best result was from the Ristimonttu prospect, where drill hole AREVA DH1 intersected 11.3 metres at 0.68% uranium oxide (U 3 O 8) from 21.20 to 32.50m, including 3.7m grading 1.52% U 3 O 8 between 28.30 and 32.00m, with an estimated true thickness of 8.6m. Other notable results include 2m at 0.20% U 3 O 8 between 62.80m and 64.80m (including 0.5m at 0.66% U 3 O 8), 1.75m at 0.033% U 3 O 8, and 2.6m at 0.17% U 3 O 8. Anomalous grades of copper and silver were also identified, with maximum assay values up to 0.45% Cu and 46g/t Ag in AREVA DH1. Mineralization has been recorded over 450 metres of strike within a larger 3.6 kilometre trend, and over 500 mineralized boulders have been located at Riutta, more than one hundred assaying above 1% uranium. The company projects future exploration and permitting activities at Riutta and expects the significance of the resampling results disclosed.

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