Cullinan Announces Proposed Name Change to Automata Rare Earth Corp.

05.06.2026  |  The Newswire

Vancouver - June 5, 2026 ? Cullinan Metals Corp. (CSE: CMT) (OTCQB: CMTNF) (FSE: 7KO) (the "Company" or "Cullinan") is pleased to announce that, subject to regulatory approval, it intends to change its name to "Automata Rare Earth Corp." (the "Name Change") as part of the Company's strategic transition toward rare earth elements, copper, and critical metals exploration.

In connection with the proposed Name Change, the Company has reserved the trading symbol "AREE" with the Canadian Securities Exchange ("CSE"), subject to final approval by the CSE.

The Company believes the new corporate identity better reflects its evolving focus on commodities that are increasingly essential to electrification, advanced technologies, artificial intelligence infrastructure, renewable energy systems, defense technologies, and secure North American supply chains.

Rare earth elements have become strategically important due to their critical role in permanent magnets, electric vehicles, robotics, wind turbines, semiconductors, military technologies, and next-generation electronics. At the same time, copper remains one of the foundational metals underpinning global electrification and energy infrastructure growth due to its widespread use in power grids, EVs, battery storage systems, and data center expansion.

Global concerns also continue to grow regarding concentrated supply chains, as China currently dominates the majority of global rare earth production and processing capacity. Management believes the development of domestic North American sources of rare earth elements and critical minerals is becoming increasingly important amid rising geopolitical and industrial demand.

The Company's Burnt Pond project in Central Newfoundland (the "Burnt Pond Project") remains a cornerstone asset within its growing critical metals portfolio. Located within the prolific Tally Pond VMS belt, the Burnt Pond Project hosts historical high-grade polymetallic mineralization including copper, gold, silver, zinc, and lead, with mineralization remaining open along strike and at depth. The Company believes the Burnt Pond Project provides significant leverage to strengthening copper markets and growing electrification demand.

In addition, the Company's Oculus Rare Earth project in Central Labrador (the "Oculus Rare Earth Project") spans approximately 2,550 hectares within a recognized rare earth district and has returned historical surface sample values of up to 5.67% total rare earth oxides, including a favourable heavy rare earth component.

The historical results referenced herein are derived from publicly available sources and historical assessment data, which have been independently verified by the Company's "qualified person", as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects, Derrick Strickland. However, readers are encouraged to review the Company's news release dated April 24, 2026, available under the Company's profile on SEDAR+, for additional technical disclosure relating to the Burnt Pond Project and the Oculus Rare Earth Project.

"Our new identity as Automata Rare Earth Corp. reflects the direction we believe global resource markets are heading," stated Christopher Huggins, Chief Executive Officer. "Rare earth elements and copper are becoming foundational to the future of electrification, automation, robotics, AI infrastructure, and national supply chain security. We believe this rebrand better positions the Company as we advance a diversified critical minerals platform focused on commodities essential to the modern economy."

The effective date of the Name Change, together with the new CUSIP number and ISIN of 052942109/CA0529421095 for the Company's common shares, is expected to be on or about June 10, 2026.

About Cullinan Metals

Cullinan Metals Corp. is a Canadian exploration company focused on the evaluation and development of energy and critical metals opportunities. The Company holds an option to acquire a 100% interest in the Oculus Rare Earth Project in Central Labrador and the Burnt Pond Project in Central Newfoundland.

ON BEHALF OF THE BOARD OF DIRECTORS,

CULLINAN METALS CORP.

Christopher Huggins

Chief Executive Officer
+1 (604) 968-4844

www.cullinanmetalscorp.com

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

FORWARD LOOKING STATEMENTS

Statements in this news release which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Forward looking statements in this news release include, but are not limited to, statements regarding the Company's strategic transition toward rare earth elements, copper and critical minerals expansion and the anticipated benefits therefrom; the development of North American sources of rare earth elements and critical minerals becoming increasingly important amid rising geopolitical and industrial demand; the growth of the Company's critical metals portfolio; the Burnt Pond Project providing significant leverage to strengthening copper markets and growing electrification demand; the expected direction of global resource markets; rare earth elements and copper becoming foundational to the future of electrification, automation, robotics, AI infrastructure, and national supply chain security; the Company's rebranding better positioning the Company to advance a diversified critical minerals platform focused on commodities essential to the modern economy; the effective date of the Name Change and the new CUSIP number and ISIN for the Company's common shares; and the receipt of all necessary regulatory approvals. It is important to note that the Company's actual business outcomes and exploration results could differ materially from those in such forward-looking statements. Risks and uncertainties include that the Company's strategic transition toward rare earth elements, copper and critical minerals expansion may not be completed as contemplated, or at all; risks that the benefits anticipated from the Company's strategic transition toward rare earth elements, copper and critical minerals expansion may not be realized as anticipated, or at all; the increasing importance of the development of North American sources of rare earth elements and critical minerals amid rising geopolitical and industrial demand may not occur as contemplated, or at all; risk that the growth of the Company's critical metals portfolio may not occur as contemplated, or at all; that the Company's anticipated plans regarding Burnt Pond Project and the anticipated benefits therefrom may not be realized as contemplated, or at all; that the expected direction of global resource markets may not occur as contemplated, or at all; risks that rare earth elements and copper may not become foundational to the future of electrification, automation, robotics, AI infrastructure, and national supply chain security as contemplated, or at all; the anticipated benefits from the Company's rebranding may not be realized as contemplated, or at all; the effective date of the Name Change and the new CUSIP number and ISIN for the Company's common shares may not occur as contemplated, or at all; that economic, competitive, governmental, geopolitical, environmental and technological factors may affect the Company's operations, markets, products and prices; our specific plans and timing drilling, field work and other plans may change; that the Company may not have access to or be able to develop any minerals because of cost factors, type of terrain, or availability of equipment and technology; and we may also not raise sufficient funds to carry out or complete our plans. Labor shortages, inflationary pressures, rising interest rates, the global financial climate and international conflicts are some additional factors that are affecting current economic conditions and increasing economic uncertainty, which may impact the Company's operating performance, financial position, and prospects. Collectively, the potential impacts of this economic environment pose risks that are currently indescribable and immeasurable. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly, are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. Additional risk factors are discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for its recently completed fiscal period, which is available under the Company's SEDAR+ profile at www.sedarplus.ca. Except as required by law, the Company will not update or revise these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.

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