Vancouver, British Columbia – May 13, 2026 – Earthworks Industries Inc. (TSX-V: EWK, OTCQB: EAATF) (the “Company” or “Earthworks”) is pleased to announce that it has received final acceptance from the TSX Venture Exchange (the “Exchange”) for the acquisition of 100% of the Intellectual Protocol comprising the Critical Minerals Recovery System (the “System”) from Wokaura Art and Innovations Inc. (“Wokaura”), pursuant to the Intellectual Property Assignment and Purchase Agreement dated March 1, 2026 (the “Agreement”).
The closing of the arm’s length transaction marks a significant milestone in Earthworks’ strategic evolution, transforming the Company into an active, platform-driven critical minerals recovery business with the intellectual infrastructure, modular deployment model, and digital operating layer required to pursue near-term revenue generation and disciplined, capital-efficient scaling.
CRITICAL MINERALS RECOVERY SYSTEM–OVERVIEW
The Earthworks Critical Minerals Recovery System is a full-stack platform for the recycling and recovery of critical minerals from secondary and legacy material streams. The System combines modular physical processing infrastructure with a cloud-based digital operating layer, designed to function together as an integrated, scalable network deployable across multiple locations and material streams.
The platform is built around a hub-and-spoke deployment model, enabling the Company to pursue modular, repeatable facility installations that can be deployed near source material, aggregated regionally, and scaled efficiently. The initial deployment focus is a pilot copper recycling facility in the Lower Mainland of British Columbia, with expansion planned vertically through additional throughput, horizontally through new locations, and laterally through additional material streams including precious metals, battery metals, rare earth elements, and defense-related materials.
TRANSACTION DETAILS
Pursuant to the Agreement, Earthworks has acquired 100% of Wokaura’s intellectual property related to the Critical Minerals Recovery System on an exclusive, perpetual, irrevocable, and worldwide basis, free and clear of all encumbrances. The acquired assets include:
- Urban mining and above-ground critical minerals recovery technologies
- Legacy mine waste, tailings, and waste rock reprocessing systems
- Modular, scalable processing system designs and architectures
- Integrated recovery, processing, logistics, monitoring, and commercialization workflows
- Proprietary cloud-based operating system, dashboards, analytics, and workflow logic
- All documentation, trade secrets, know-how, and associated intellectual property rights