Vancouver, British Columbia–(Newsfile Corp. – May 21, 2026) – NovaRed Mining Inc. (CSE: NRED) (OTCQB: NREDF) (“Nova Red“or”company) announced that it has filed a non-provisional patent application with the United States Patent and Trademark Office (“USPTO”) related to the company’s expanding artificial intelligence strategy focused on mineral valuation, geological intelligence, and trade management.
This patent application is filed pursuant to U.S. Patent Application No. 19/680,101 pursuant to 35 USC §111(a). The title of the invention is “System and Method for Parcel-Level Mineral Valuation and Trade Management Using Integrated Geological Data and Probabilistic Scoring.”
This patent application addresses challenges in mineral exploration and mineral characterization where geological, geochemical, mining claims, and property data are often fragmented across multiple unconnected sources and formats, requiring significant manual analysis and limiting parcel-level mineral assessment capabilities. Existing real estate and exploration workflows typically operate independently and often lack integrated tools for mineral potential assessment, transaction management, and document validation. NovaRed’s technology is intended to provide an integrated platform that integrates geological datasets, probabilistic scoring methods, parcel-level mineral assessments, transaction workflows, and document validation mechanisms to support the mineral assessment and decision-making process.
This patent application relates to a technology platform designed to integrate geological datasets, geochemical records, mining claims information, parcel-level mineral evaluation methodologies, probabilistic scoring models, transaction management capabilities, and document validation systems that support exploration goal setting, asset evaluation, and mineral characterization workflows.
The platform is intended to incorporate multiple geological and exploration inputs, including historical exploration records, geophysical and geochemical datasets, remote sensing information, property-level information, mineral evaluation, exploration targeting, and other technical inputs to support the decision support process.
We believe that artificial intelligence and advanced analytical techniques have the potential to play an increasing role in the future of mineral exploration, project evaluation and resource development.
“This filing marks an important step in NovaRed’s technology and intellectual property strategy as we continue to advance AI-driven tools designed to enhance mineral evaluation, exploration intelligence and decision-making processes,” said Brian Gross, president and CEO of NovaRed Mining.
The filing reflects NovaRed’s continued focus on developing technology-enabled approaches to mineral valuation, exploration workflows and transaction management in the mining sector. This application supersedes the provisional patent application announced by the Company in a news release dated April 17, 2026. While a provisional patent gives the applicant 12 months of patent pending status, giving the applicant priority over competing applications that are subsequently filed, a non-provisional patent application is examined by the Patent Office and, if ultimately approved, matures into a legally binding formal patent.
About Novaredo Mining Co., Ltd.
NovaRed Mining Inc. (CSE: NRED) (OTCQB: NREDF) is a mineral exploration company focused on identifying, acquiring, exploring and developing copper-gold porphyry projects in British Columbia. The company’s optional Wilmack copper-gold project consists of 16,078 hectares located within the Quesnel porphyry belt of the Similkameen Mining Division, southwest of Princeton and approximately 10 kilometers west of Hudbay Minerals’ producing Copper Mountain mine. For more information, please visit novaredmining.com.
Readers are cautioned that any discussion of mineralization on adjacent or similar lands, including the Copper Mountain Mine, is not necessarily indicative of mineralization or potential for the Wilmack Project. The Company has no interest in, and no right to acquire any interest in, such adjacent properties.
Forward-looking information
This news release contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements regarding the expected advisory role of Mr. Amsterdam, the expected benefits of his appointment, the Company’s ESG positioning, responsible critical minerals strategy, stakeholder engagement, technology-driven mineral exploration strategy, and the progress of the Company’s British Columbia copper and gold exploration portfolio.
Forward-looking information is based on a number of assumptions that, while believed by the Company to be reasonable as of the date of this news release, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Such assumptions include, but are not limited to, the prosecution and likelihood of success of our non-provisional patent applications, the planned use of AI technology in the Wilmack Project and its likelihood of success, the use of technology by third parties and our ability to generate revenue from such technology, and the development of additional mineral exploration-related technology.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking information. Important risk factors include, but are not limited to: The 2026 IP/AMT survey results may not support the geological interpretation set forth in this news release, or may be revised. the possibility that historical exploration data obtained by the Company cannot be reproduced using current acquisition methods or may be subject to previously unidentified limitations; continued availability of capital and financing; the ability to meet option acquisition requirements in contemplated timelines, including with respect to the Trojan Horse and Condor Corridors; risks associated with mineral exploration, including the failure of the Canadian Securities Exchange to accept the application for the Trojan-Condor Corridor Option Amendment Agreement on time or at all; adverse weather or terrain conditions that may delay or prevent fieldwork; the consequences of title grants, renewals and permits, including under British Columbia’s revised mineral title system; Indigenous and community consultation requirements. changes in applicable laws and regulations; our ability to retain key personnel and contractors; Litigation; failure of a trading partner to fulfill a contractual obligation. and general economic, market or business conditions. Readers are cautioned not to place undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, except as required by applicable securities laws.
Neither CSE nor its Market Regulator (as that term is defined in CSE Policy) accepts responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298327.
Source: NovaRed Mining Inc.
