Cove Kaz Capital Group LLC ("Cove Kaz" or "the Company"), in partnership with JSC Qazgeology, Kazakhstan's national geological company, and a wholly-owned subsidiary of JSC Tau-Ken Samruk National Mining Company, today announced continued progress in the 2026 exploration program of the Akbulak Rare Earth Project located in the Kostanay Region of the Republic of Kazakhstan.

The Akbulak Rare Earth Project hosts a historical resource of 380,000 tons of rare earth oxides, including neodymium and praseodymium—key elements in permanent (NdFeB) magnets, and yttrium which is utilized in electronics, medicine, and materials science applications.

Exploration activities commenced in April 2026 and continue to advance on schedule. As of early June, the Company has completed 77 drill holes totaling approximately 3,700 meters of core drilling across priority target areas identified through historical geological data and modern geological modeling.