Emerita Resources Awarded 108,877 Euros R&D Grant from Andalusian Government and EU Funding to Advance Metallurgical Innovation for the IBW Project

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Toronto, Ontario--(Newsfile Corp. - August 17, 2026) - Emerita Resources Corp. (TSXV: EMO) (OTCQX: EMOTF) (FSE: LLJA) (the "Company" or "Emerita") is pleased to announce that the Andalusian Business Agency for Economic Transformation and Development ("Agencia Empresarial para la Transformación y el Desarrollo Económico"; "TRADE") of the Andalusian Regional Government ("Junta de Andalusia") has awarded the Company's Spanish operating entity a €108,877 grant to advance metallurgical innovation for the Company's wholly-owned Iberian Belt West project ("IBW" or the "Project"). The funding supports the company's research and development project IBW-3METAu ("Maximisation of the Value of Metal Concentrates in the IBW Project of Emerita Resources: An Innovation and Sustainability Approach"), with a total eligible budget of €311,077. The 23-month project is being carried out at Emerita's facilities in Puebla de Guzmán (Huelva). It focuses on developing advanced metallurgical processes to: IBW comprises the Infanta, El Cura and La Romanera polymetallic deposits in the western Iberian Pyrite Belt. The grant represents 35% of the eligible budget and is awarded under the industrial research and experimental development stream of the Andalusia ERDF 2021-2027 Program, which is 85% co-financed by the European Union. The grant is payable as a single payment following completion and justification of the eligible activities, subject to compliance with the terms of the award. Program Objectives The Program is expected to provide technical data that will inform future process design and engineering options and assist with the optimization of metal recoveries and resource value at IBW. By enabling greater metal recovery, reducing the need to ship concentrates outside the European Union for refining, and recovering strategic materials such as antimony, the project aligns with the objectives of the European Critical Raw Materials Act and supports the principles of creating a circular economy and sustainable mining. Emerita's President and CEO, Joaquin Merino, states, "We are pleased that the Junta de Andalusia, in a shared initiative with European Union, view the IBW Project as one with potential to be an important source of raw materials for the European Union. This grant represents non-dilutive funding and support for a program to optimize concentrate marketability, metal reco...

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