Commencement: Ground-Based Electromagnetic Survey

8 May 2026

URU Metals Limited

("URU" or the "Company")

Commencement of Ground-Based Electromagnetic Survey

URU Metals Limited ("URU" or the "Company") is pleased to announce the commencement of the ground-based frequency-domain electromagnetic ("FDEM") survey at the Zeb Nickel Project ("Project").

The FDEM survey follows the successful completion of the ground-based gravity survey and forms a key component of the Company's ongoing geophysical programme aimed at refining and prioritising drill targets identified from the previously completed airborne surveys.

Ground-Based Electromagnetic Survey

The ground-based FDEM survey will be conducted over the previously defined priority target areas and is designed to further investigate the conductive anomalies identified from the Spectrem airborne electromagnetic survey.

The survey will utilise frequency-domain electromagnetic methods, which are capable of detecting and mapping subsurface conductive bodies at a higher spatial resolution than airborne systems.

Purpose and Benefits

While the airborne geophysical programme successfully identified several compelling coincident gravity-magnetic-electromagnetic anomalies and confirmed the presence of a magmatic conduit system, the ground-based FDEM survey provides:

·    Higher-resolution definition of conductive bodies

·    Improved discrimination between sulphide mineralisation and lithological conductors

·    Enhanced understanding of the geometry, depth, and continuity of EM anomalies

·    Greater confidence in prioritising drill targets

The survey is specifically designed to better delineate conductive zones that may represent semi-massive to massive nickel sulphide mineralisation, particularly where coincident with dense gravity anomalies identified in the recently completed gravity survey.

The integration of the FDEM results with the gravity and magnetic datasets is expected to significantly improve target definition and maximise the effectiveness of the Company's upcoming drilling campaign.

Figure 1: Maps showing the Zeb Nickel Project area, the results of the gravity survey, and the planned EM survey areas over the same geophysical targets adjacent to the Ivanplats 'Platreef Mine,' which is expected to become the largest underground platinum mines globally once in full production. The ground-based gravity results correlate well with the airborne gravity, magnetic, and electromagnetic datasets and provide significantly higher resolution. The upcoming ground-based EM survey is intended to determine whether the identified gravity anomalies are conductive, which may indicate the presence of semi-massive to massive sulphide mineralisation.

Request for Quotations

URU is also currently preparing the Request for Quotation documentation for the selection of a drilling contractor. The Company looks forward to updating the market once the contractor selection process has been completed and a preferred contractor has been appointed.

CEO John Zorbas commented:

"The commencement of the ground-based electromagnetic survey marks another important step in advancing the Zeb Nickel Project. Following the encouraging results from the gravity survey, this next phase will allow us to further refine the conductive anomalies and better understand their potential to host semi-massive to massive nickel sulphide mineralisation.

"We are very excited about the progress being made and look forward to the coming weeks as the FDEM survey progresses. We will continue to provide shareholders with regular updates as results are received and interpreted, further strengthening our pipeline of high-quality drill targets."

About the Company

URU Metals is a mineral exploration and development company focused on advancing high-potential critical metals projects in South Africa. The Company is committed to creating sustainable value through responsible mining practices, regulatory compliance, and active stakeholder engagement. For more information, visit www.urumetals.com

For further information, please contact:

URU Metals Limited

John Zorbas

(Chief Executive Officer)

+1 416 504 3978

SP Angel Corporate Finance LLP

(Nominated Adviser and Broker)

Ewan Leggat / Caroline Rowe         + 44 (0) 203 470 0470