||
Rupert Resources
SUBSCRIBE

AUDITED FINANCIAL RESULTS FOR THE TWELVE MONTHS ENDING December 31, 2025

TORONTO  March 26, 2026 /BusinessWire: Rupert Resources Ltd (TSX: RUP, OTCQX: RUPRF, FSE:R05) (“Rupert” or the “Company”) is pleased to announce that it has published its audited financial results for the twelve months ending December 31, 2025 and accompanying Management’s Discussion and Analysis for the same period.

Both of the above have been posted on the Company’s website www.rupertresources.com and on the Company’s profile on SEDAR+ at www.sedarplus.ca.

All references to currency in this press release are in Canadian dollars unless specified otherwise.

2025 HIGHLIGHTS

  • On February 18, 2025, the Pre-feasibility Study (‘PFS’) was completed for the Ikkari Gold Project, located in Northern Finland.
  • The PFS highlighted impressive project economics with leverage to higher gold prices:  After-tax Net Present Value (5% discount) (“NPV”) of US$1.7 billion with unlevered Internal Rate of Return (“IRR”) of 38% and payback after 2.2 years, assuming market consensus gold price, at the time of publishing the PFS, of US$2,150 per troy ounce (“oz”). NPV of US$3.9 billion with IRR of 59% and 1.4 year payback at the current long term consensus of US$3,500/oz.
  • In March 2025, a $51.8m equity financing was completed and in April 2025, a $28.6m private placing was finalised.
  • In April 2025, Kim Hagberg and Joanna Pearson were appointed as Independent Non-Executive Directors to the Board and in June 2025, Carol Plummer was appointed to the Board as a nominee for Agnico Eagle, one of the Company’s largest shareholders.
  • On December 18, 2025, the Company provided an update on its exploration strategy, focusing on high-return opportunities and targeted regional greenfield exploration in the expanded exploration permits. This exploration programme will continue alongside the development of the Ikkari Project.
  • Throughout 2025, major optimisation studies were completed in processing, waste and water management strengthening the permitting strategy.
  • Post period in February 2026, Ausenco Engineering (‘Ausenco’) was appointed to lead the Ikkari Project Feasibility Study (“FS”).
  • Updated Environmental Impact Assessment (“EIA”) targeted for Q4 2026, with the FS expected in H1 2027.
  • Cash and cash equivalents of $94 million at December 31, 2025.

Graham Crew, Chief Executive Officer of Rupert Resources said:

“2025 was a year of strong progress for Rupert Resources. In February 2025 we published the Pre-Feasibility Study for the Ikkari Project, which demonstrated extremely positive project economics at a gold price assumption well below today’s spot price, confirming Ikkari as a large-scale, low-cost gold development opportunity located in a stable jurisdiction.

Following the PFS, we have established a solid foundation to advance the Ikkari Project to the next stage. The Board and Projects team have been strengthened to ensure momentum, disciplined project management and a clear focus on execution. Extensive optimisation work has been completed across processing, waste management and water management. These refinements have simplified the project design and further strengthen the permitting pathway.

The appointment of Ausenco as lead consultant for the Feasibility Study in February this year marks another important milestone in advancing the project.

At the same time, we remain committed to systematically exploring across our recently expanded land package in the Central Lapland Greenstone Belt, with more than $16m committed to exploration over 2026 and 2027.”

Financial Highlights

During the twelve months ending December 31, 2025, the Company spent $25,060,680 (ten months ended December 31, 2024 – $25,390,569) on general exploration costs and purchase of property, plant and equipment. As of December 31, 2025, Rupert held cash or cash equivalents of $94,233,854. The Company recorded comprehensive income for the twelve months to December 31, 2025 of $2,105,207 (comprehensive loss for the ten months ended December 31, 2024 – $(8,142,325) and a net loss per share of $(0.04) (ten months ended December 31, 2024 – $(0.05)).

Full Press Release

Management Discussion & Analysis

Financial Statements