Red Beryl Mining Company

$NALG Q2 2026 Update – From Exploration to High-Priority Drill Targets ⚡️🇺🇸 🔗 otcmarkets.com/file/company/… Q2 2026 marked a major advancement period for North America Lithium & Gold Corp. as the Company moved aggressively into field exploration, advanced hyperspectral targeting, and development planning across its 100%-owned Midnight Owl Project in Arizona's historic White Picacho Pegmatite District. Midnight Owl – Exploration Reinitiated During Q2, NALG formally initiated its next phase of exploration across the Midnight Owl Project, targeting lithium, gold, beryllium and other critical mineral opportunities. The Company's land position now encompasses approximately 5,041 acres across 244 claims, providing a significant district-scale footprint within the historic White Picacho Pegmatite District. Field work focused on validating historic workings, examining pegmatite exposures, evaluating structural controls, and refining priority areas for future exploration and drilling. P&G Beryllium Prospect – Historic Mine Located One of Q2's most important field developments was the successful location and initial assessment of the historic P&G Beryllium Prospect, a past-producing beryllium occurrence within the Company's property. Historic records indicate production of more than 154,000 pounds of beryl, highlighting the district's established history of strategic mineral production. NALG has now begun evaluating a potential pathway toward small-scale beryllium production, subject to additional field validation, permitting, technical work, and economic assessment. Field exploration also identified a large, laterally continuous pegmatite system, reinforcing the broader lithium and critical-mineral potential of Midnight Owl. Advanced Hyperspectral Targeting During May, NALG engaged internationally recognized remote-sensing expert David Coulter, PhD, who brings more than 25 years of experience applying airborne hyperspectral and multispectral technology to mineral exploration. The objective: transform the Company's extensive airborne hyperspectral dataset into increasingly precise, actionable exploration targets for lithium, gold and beryllium. This work integrated high-resolution airborne data, geological interpretation, structural analysis, and previous field observations across the project. Multiple High-Priority Lithium Targets Identified By June, the first phase of Dr. Coulter's advanced hyperspectral refinement work was completed – producing one of the most important technical developments at Midnight Owl to date. The program identified multiple high-priority spodumene-associated target zones displaying strong spectral responses interpreted as potential lithium-bearing pegmatite systems. Importantly, several targets correlate with previously recognized pegmatite trends and geological features observed during earlier field programs. This represents an important evolution from identifying broad spectral anomalies to defining concentrated exploration targets for field verification and future drill testing. From Property-Scale Exploration to District-Scale Targeting The combination of: ⚫️ 244 claims / ~5,041 acres ⚫️ Historic lithium, gold & beryllium occurrences ⚫️ Large pegmatite systems ⚫️ Advanced airborne hyperspectral datasets ⚫️ Modern target refinement ⚫️ Multiple high-priority spodumene targets ⚫️ Historic P&G beryllium production is providing NALG with an increasingly detailed exploration framework across Midnight Owl. Rather than relying solely on historic workings, the Company is now integrating modern remote-sensing technology with boots-on-the-ground geological observations to systematically prioritize the highest-value areas for future exploration. Disciplined Share Structure & Financial Position Despite continued project advancement: Dec. 31, 2025: **340,820,190 O/S** June 30, 2026: **340,820,190 O/S** No increase in common shares outstanding during H1 2026. NALG also ended Q2 with approximately $1.03 million in cash. Q2 net loss was approximately $17,543, compared with approximately $429,871 in Q2 2025. Q2 Milestone Summary During Q2, North America Lithium & Gold: 1⃣ Reinitiated field exploration at Midnight Owl 2⃣ Located and assessed the historic P&G Beryllium Prospect 3⃣ Began evaluating a potential small-scale beryllium production pathway 4⃣ Identified extensive pegmatite development across the project 5⃣ Engaged David Coulter, PhD for advanced hyperspectral target refinement 6⃣ Identified multiple high-priority spodumene-associated lithium targets 7⃣ Advanced priority targets toward field verification & future drill testing 8⃣ Maintained common O/S at 340,820,190 Positioning for the Second Half of 2026 Q1 established the new North America Lithium & Gold identity and positioned the Company for its next stage. Q2 was about putting boots on the ground and turning years of geological and hyperspectral data into actionable targets. NALG enters the second half of 2026 with multiple high-priority lithium targets, a newly relocated historic beryllium mine, a large district-scale pegmatite system, more than $1 million in cash, and a stable common share structure. The next stage is increasingly about field validation, target prioritization, permitting and ultimately drilling. Midnight Owl continues evolving into a compelling district-scale U.S. lithium, gold, beryllium & critical minerals exploration project. ⚡️🇺🇸 #NALG #Lithium #Gold #Beryllium #CriticalMinerals #Mining #Arizona #BatteryMetals #USMining