Abasca Announces Positive Preliminary Economic Assessment for the Loki Flake Graphite Deposit: After-Tax NPV of US$130 Million and 16.7% IRR

Study projects Loki Flake Graphite Deposit as a long-life graphite development project with positive economics; project to advance toward Feasibility Study

SASKATOON, SK / ACCESS Newswire / August 19, 2026 / Abasca Resources Inc. ("Abasca" or the "Company") (TSXV:ABA) announces positive results from an independent Preliminary Economic Assessment (the "PEA") for its 100%-owned Loki Flake Graphite Deposit ("Loki Deposit" or the "Project"), approximately 15 kilometres south of the Key Lake mill, Figure 1. The study projects the Loki Deposit as a long-life graphite development project with an after-tax net present value (NPV) of US$130 million and 16.7% internal rate of return (Table 1).