NVRO Metals and Hecla Greens Creek signed a memorandum of understanding to process 35,000 tons of ore in the Northern Territory of Australia.

Darwin, Australia – April 23, 2025 – NVRO Metals Limited ("NVRO Metals" or the "Company") today announced that it has signed a Memorandum of Understanding (MOU) with Hecla Greens Creek Mining Company ("Hecla Greens Creek") to process approximately 35,000 tonnes of ore at NVRO's Metals Hub in the Northern Territory of Australia.

Under the terms of the memorandum, Hecla Greens Creek will supply ore feed to the NVRO Metals Hub for processing by NVRO Metals. The collaboration aims to leverage NVRO Metals' advanced processing technology to improve the efficiency of mineral resource utilization and further solidify the Northern Territory's position as a global hub for critical mineral processing.

Commenting on the collaboration, NVRO Metals CEO said: "We are pleased to reach an agreement with a world-class mining company like Hecla Greens Creek. This MOU not only validates the processing capabilities of the NVRO Metals Hub but also demonstrates our potential to provide efficient and sustainable processing solutions for mining companies worldwide. We look forward to working closely with the Hecla Greens Creek team to ensure the smooth progression of the project."

Hecla Greens Creek is a subsidiary of Hecla Mining Company (NYSE: HL) and operates one of the largest silver mines in the United States – the Greens Creek mine in Alaska. The mine is known for producing silver, zinc, lead, and gold. This cooperation will enable Hecla Greens Creek to utilize the processing capacity of the NVRO Metals Hub to process a portion of its ore.

The NVRO Metals Hub, located in the Northern Territory of Australia, is a multi-metal processing center designed to handle various ore types, including complex ores containing silver, zinc, lead, and other metals. The facility employs advanced hydrometallurgical and mineral processing technologies aimed at achieving high recovery rates with low environmental impact.

This 35,000-tonne processing agreement is a significant step for NVRO Metals in expanding its processing operations. The Company has previously signed similar agreements with other resource companies and plans to increase capacity in the future. The Northern Territory government has been actively supporting critical mineral processing projects, and the operation of the NVRO Metals Hub is expected to create local jobs and promote economic development.

NVRO Metals Limited is an Australian company specializing in metal processing and resource development, headquartered in Darwin, Northern Territory. The Company is committed to providing efficient and environmentally friendly ore processing services to mining companies worldwide through innovative processing technologies.More details about this cooperation will be included in the final agreement, pending the completion of due diligence and signing of the formal contract by both parties.