North Atlantic Critical Metals Engages Independent Trading Group as Market Maker

North Atlantic Critical Metals hires ITG for market-making at $6,500 per month.

What the company is saying

North Atlantic Critical Metals Corp. (TSXV:NACM) has entered into an agreement with Independent Trading Group (ITG) to provide market-making services, subject to regulatory approval. The company frames this move as a step to maintain a reasonable market and improve liquidity for its common shares. The agreement specifies a fee of CAD$6,500 per month, payable monthly in advance, with an initial one-month term that automatically renews unless terminated by either party with 30 days' notice. ITG will not receive shares or options as compensation, and there are no performance factors in the contract. The company emphasizes that ITG and its principals have no direct or indirect interest in North Atlantic Critical Metals' securities and that the relationship is strictly arm's length. The announcement also briefly reiterates the company's focus on the Pokiok Project, highlighting its 89 mineral claims and exploration targets but does not provide new operational or financial results.

What the data suggests

The agreement with ITG introduces a recurring monthly expense of CAD$6,500 for market-making services, with payments made in advance. The contract is short-term by default, renewing monthly unless either party gives 30 days' notice, providing flexibility but no long-term commitment. ITG receives only cash compensation, with no equity or options, and the absence of performance factors means there is no direct tie between payment and liquidity outcomes. The disclosure is complete regarding the contract's financial and operational terms. No new exploration, production, or financial performance data is presented in this release. The only hard figures are the contract fee, the number and area of mineral claims (89 claims, 18.8 square kilometres), and the adjacent Lake George antimony mine reference. The company's technical and prospectus documents are available on SEDAR+, but no data from those is included here.

Analysis

The announcement is a factual disclosure of a market-making agreement between North Atlantic Critical Metals Corp. and Independent Trading Group, with all key terms (fee, term, renewal, compensation structure) clearly stated. The tone is neutral and avoids promotional or exaggerated language. While there are some forward-looking statements regarding the objectives of the agreement (improving liquidity) and the company's exploration strategy, these are presented as context rather than as imminent or guaranteed outcomes. No claims are made about realised operational or financial progress, and there is no attempt to inflate the significance of the market-making arrangement. The only financial commitment disclosed is a modest monthly fee, with no large capital outlay or long-dated, uncertain returns discussed. The gap between narrative and evidence is minimal, as the release sticks to verifiable facts and avoids hype.

Risk flags

• ●The effectiveness of the market-making arrangement is not guaranteed, as the contract contains no performance requirements or metrics tying payment to actual improvements in liquidity. This means the company could incur ongoing costs without measurable benefit.
• ●The recurring monthly fee of CAD$6,500, while modest, adds to fixed costs at a stage where the company is pre-revenue and focused on exploration, potentially impacting cash reserves if not offset by increased trading activity or capital inflows.
• ●The agreement is subject to regulatory approval, introducing a procedural risk that could delay or prevent the arrangement from taking effect. If approval is not granted, the intended liquidity improvements will not materialize.

Bottom line

North Atlantic Critical Metals Corp. is committing to a CAD$6,500 per month cash outlay for market-making services from ITG, aiming to improve share liquidity on the TSXV. The contract is flexible, with a one-month term and easy termination, but lacks any performance-based provisions or equity incentives for ITG. The company remains at the exploration stage, with its main asset being the Pokiok Project, and no new operational or financial milestones are disclosed in this announcement. Investors should view this as a routine administrative step to support trading activity, not a catalyst for value creation or a signal of operational progress. The most actionable takeaway is the addition of a recurring expense and the potential, but unquantified, improvement in share liquidity.

Announcement summary

(TSXV:NACM) North Atlantic Critical Metals Corp. has engaged Independent Trading Group (ITG) to provide market-making services in accordance with TSX Venture Exchange (TSXV) policies, subject to regulatory approval. ITG will trade shares of North Atlantic Critical Metals on the TSXV and all other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the Company's common shares. Under the agreement, ITG will receive compensation of CAD$6,500 per month, payable monthly in advance. The agreement is for an initial term of one month and will automatically renew for additional one-month terms unless terminated by either party with 30 days' notice. There are no performance factors in the agreement, and ITG will not receive shares or options as compensation. ITG and North Atlantic Critical Metals are unrelated and unaffiliated entities, and at the time of the agreement, neither ITG nor its principals have any interest, directly or indirectly, in the securities of the Company. North Atlantic Critical Metals Corp. is a mineral exploration company focused on advancing its Pokiok Project in New Brunswick, Canada. The Pokiok Project comprises 89 contiguous mineral claims covering approximately 18.8 square kilometres, immediately adjacent to the historic Lake George antimony mine. The Company's exploration strategy is focused on investigating the interpreted extension of the Lake George mineralized system onto its Pokiok Project, with antimony as the primary target and additional exploration potential for tungsten, molybdenum, and gold. North Atlantic's common shares trade on the TSX Venture Exchange under the symbol NACM. The Company's final non-offering long form prospectus dated October 16, 2026, as well as the technical report on the Pokiok Property dated June 19, 2026, are available under the Company's profile on SEDAR+ at www.sedarplus.ca. Roy McDowall is the Chief Executive Officer of North Atlantic Critical Metals Corp. Dave Burwell is the VP Corporate Development of North Atlantic Critical Metals Corp.

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