Fermi Exploration and Ya’thi Néné Lands and Resources Announce Commitment to Collaborative Engagement in the Athabasca Region

Press Release

Saskatoon, SK – October 22, 2025 – Fermi Exploration Ltd.  (the “Company” or “Fermi”) and the Ya’thi Néné Land and Resource Office (“YNLR”), owned by the Athabasca Denesułiné First Nations of Hatchet Lake, Black Lake, and Fond du Lac, as well as the Northern Hamlet of Stony Rapids and the Northern Settlements of Uranium City, Wollaston Lake, and Camsell Portage, are pleased to announce their mutual commitment to fostering a sustainable and collaborative relationship in the Athabasca region. This accord underscores both organizations’ dedication to enhancing environmental, social, economic, and cultural well-being, both in the present and for the foreseeable future.

This commitment serves as a foundation for continuous communication between Fermi Exploration and YNLR, aligning with YNLR’s mandate to support the Athabasca Denesułiné First Nations and reflecting Fermi Exploration’s environmental, social, and governance commitments.

The collaborative framework will encompass provisions related to environmental protection and monitoring, recognition of Etthén Néné Stewardship Areas, training and employment opportunities for Athabasca residents, contracting preferences for Athabasca businesses through the EXPORT database, annual contributions to the Athabasca Community Trust, and respectful engagement with traditional land use.

“This agreement reflects the priorities of our Nations and communities,” said Mary Denechezhe, Board Chair of Ya’thi Néné Lands and Resources. “It ensures our people are meaningfully involved in environmental protection, economic opportunities, and decision-making on our lands. By working together in a respectful way, we are supporting a stronger future for the Athabasca region.”

“At Fermi Exploration, we understand and share YNLR’s commitment to protecting and monitoring the environment, engaging in thoughtful project advancement, and respecting local traditions and knowledge,” stated Jack Dann, Technical Director of Fermi Exploration. “This commitment sets the framework for our ongoing engagement with YNLR as we progress in our exploration activities within their territory. It is a respectful way of working together in this territory.”

Fermi Exploration is actively advancing uranium exploration projects in and around Saskatchewan’s Athabasca Basin, including the East Hawkrock, Reitenbach, Durrant Lake, Perch River, and Badger Lake properties. The company is focused on sustainable exploration practices that integrate Environmental, Social & Governance (ESG) principles.

Both Fermi Exploration and Ya’thi Néné Lands and Resources look forward to a fruitful and mutually beneficial collaboration.

About YNLR and the Athabasca First Nations and Municipalities

YNLR is a non-profit organization owned by the Athabasca Denesułiné First Nations of Hatchet Lake First Nation, Black Lake First Nation, and Fond du Lac First Nation and the Athabasca Municipalities of Stony Rapids, Wollaston Lake, Uranium City, and Camsell Portage.

YNLR was established in June 2016 with the mandate to promote and enhance the environmental, social, economic, and cultural well-being of current and future Athabasca residents.

About Fermi Exploration

Fermi Exploration Ltd. is a uranium-focused exploration company operating primarily in Saskatchewan’s Athabasca Basin, surrounding districts and Labrador, joint owned by Power Metal Resources (30%) and a funding partner. With a portfolio of properties spanning over 111,000 hectares, Fermi’s strategic focus is on identifying and advancing high-potential uranium targets through rigorous technical work, sustainable practices, and community partnerships. The company integrates ESG principles into its exploration programs, and seeks to generate value through discovery, stakeholder collaboration, and responsible stewardship of the land.

For further information, please contact:

Kathy Hay
Manager of Corporate Affairs
Ya’thi Néné Lands and Resources
katherine.hay@yathinene.com
306-270-4083

Jack Dann
Technical Director
Fermi Exploration Ltd
info@powermetalresources.com
+44 20 3778 1396

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