Panther Minerals Acquires Rubidium Ridge Project from Usha Resources

Usha Resources Ltd. announced that Panther Minerals Inc. has acquired a full interest in the Rubidium Ridge pegmatite project in Ontario. The transaction was finalized under a sale and purchase agreement dated February 18, 2026. In exchange, Usha received $80,000 in cash and 4,150,000 common shares of Panther, subject to a six-month resale restriction.

The Rubidium Ridge property will continue to generate financial returns for Usha through a 2.0% net smelter returns royalty. Panther holds the option to repurchase half of this royalty for $1,000,000 and has the right of first refusal for the remainder. Additionally, Panther will pay Usha a $1,000,000 bonus contingent upon reaching a delineation of a significant mineral resource.

This transaction qualifies as an "Exempt Transaction" under TSX Venture Exchange policies.