Earthworks close acquisition of critical minerals recycling and recovery system

About this update from Earthworks Industries Inc

VANCOUVER, BC, June 29, 2026 /CNW/ - Earthworks Industries Inc. (TSX-V: EWK) (OTCQB: EAATF) ("Earthworks" or the "Company") is pleased to announce that it has closed the acquisition of a 100% interest in a Critical Minerals Recycling and Recovery System from Wokaura Art & Innovations Inc. ("Wokaura"), further to its news releases dated February 13, 2026 and March 27, 2026, and TSX Venture Exchange approval received on May 14, 2026. Pursuant to the acquisition, the Company has issued 2,000,000 common shares to Wokaura, subject to a 4-month hold period expiring September 15, 2026. The Company has also issued 1,000,000 common shares into escrow that will be released to Wokaura 12 months from the date of TSX Venture Exchange approval, and 1,000,000 common shares that will be released 24 months from the date of TSX Venture Exchange approval.CEO of Earthworks, Mr. David Atkinson, commented, "The completion of this acquisition represents a transformative milestone for Earthworks as we establish a new strategic direction focused on critical minerals recycling and recovery. Global demand for secure domestic sources of critical materials continues to accelerate, while Western supply chains remain constrained and vulnerable. We believe Earthworks is uniquely positioned to participate in this rapidly growing sector through the deployment of scalable, modular recycling and recovery solutions designed to unlock value from secondary and legacy material streams. Beginning with copper, our mission is to deploy a leading critical minerals recycling and recovery platform capable of serving industrial, battery, rare earth, strategic and defense-related critical minerals for the West."Earthworks will now move forward to secure its first location, procure equipment, source feedstock, obtain any requisite permitting, align strategic partnerships, and complete pilot facility development activities related to its first recycling operation.About the Critical Minerals Recycling & Recovery SystemThe Earthworks Critical Minerals Recovery System is a full-stack platform for the recycling and recovery of critical minerals from secondary and legacy material streams. The System combines modular physical processing infrastructure with a cloud-based digital operating layer, designed to function together as an integrated, scalable network deployable across multiple locations and mat...

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