LOI establishes a framework to combine RZOLV's proprietary hydrometallurgical platform with Alkemio's molecular-recognition separation and refining technology and pursue commercialization of integrated rare earth and critical minerals recovery solutions

Vancouver, British Columbia - Newsfile Corp. - July 23, 2026 - RZOLV Technologies Inc. (TSXV: RZL) (OTCQB: RZOLF) (FSE: S711) ("RZOLV" or the "Company") is pleased to announce that it has entered into a non-binding Letter of Intent ("LOI") dated July 15, 2026 with Alkemio Bioscience Corporation ("Alkemio") to establish a strategic collaboration aimed at advancing the development, validation and potential commercialization of an integrated modular rare earth and critical minerals recovery platform. Alkemio is an Argentina-based deep tech company developing a modular rare earth separation and refining platform based on selective media and molecular-recognition technology. Its platform is intended to adapt to varied rare earth sources and enable selective capture, purification and upgrading of dissolved rare earth elements into higher-value products. Laboratory results indicate recovery efficiencies above 87% under controlled conditions. The modular configuration is designed to reduce processing stages and physical footprint compared to conventional solvent extraction methods. The proposed strategic collaboration is intended to combine two complementary technology platforms across the rare earth and critical minerals value chain:

• RZOLV would provide its proprietary hydrometallurgical platform to unlock and mobilize rare earth elements and associated critical minerals from complex feedstocks, optimize extraction performance, and generate stable, conditioned process solutions; and
• Alkemio would provide its molecular-recognition platform to selectively separate, purify, refine and upgrade the dissolved metals into higher-value products.

The objective is to integrate, develop, and validate the combined technologies as a complete modular processing pathway capable of unlocking, selectively recovering, separating, and upgrading rare earth elements and associated critical minerals from selected primary and secondary feedstocks, while establishing the technical, operational, and economic basis for pilot-scale demonstration and commercial deployment. The strategic rationale underlying the LOI is straightforward: RZOLV unlocks and mobilizes the metals. Alkemio separates, upgrades and refines them. Together, the companies intend to evaluate a more complete, modular and potentially source-adjacent commercialization pathway extending from complex feedstocks through to separated rare earth products. Building a Strategic Critical Minerals Commercialization Platform Commercializing rare earth and critical-mineral technologies requires more than identifying or mining a resource. Valuable metals must first be unlocked from complex feedstocks and transferred into controlled, stable process solutions. Those solutions must then be selectively separated and upgraded into products that meet downstream market requirements. Conventional rare earth refining can involve large centralized facilities, multiple solvent-extraction stages, significant reagent inventories and highly feed-specific process designs. These characteristics can make conventional refining difficult to deploy economically at smaller projects, remote mines, recycling operations or industrial-residue sites. By combining RZOLV's proprietary hydrometallurgical platform with Alkemio's downstream separation and refining technology, the companies aim to address both ends of the processing chain and build a project-specific pathway toward pilot validation, licensing and commercial deployment. Alkemio's Molecular-Recognition Separation Technology Alkemio is developing a modular rare earth separation and refining platform based on selective media and molecular-recognition technology. Because rare earth elements exhibit similar chemical behaviour in solution, selective separation can be technically challenging. Alkemio's approach is intended to create selective binding environments for targeted ions and enable modular recovery and product upgrading from appropriately conditioned process solutions. Alkemio's modular molecular-recognition platform intended to materially reduce the footprint and capital intensity of conventional rare earth separation while enabling resource owners to retain a greater portion of downstream product value. Alkemio publicly reports development targets that include facilities up to 200 times smaller, potential separation-circuit capital reductions of up to 80%, and potential incremental profit improvements for participating miners of up to 50%. These targets are based on Alkemio's internal estimates and remain subject to confirmation through feed-specific testing, engineering, scale-up and independent economic validation. Alkemio's Capabilities and International Recognition A...