Forward-looking statements contained in this press release include, without limitation, statements regarding the business and operations of Cerrado, the ability of MDN to maintain production and stable operating costs, expectations regarding production rates at MDN including the ability and timing at which production rates in the underground operations will peak, potential benefits that may be materialized from the recent capital expenditure program at MDN, implementation of investment planned at MDN for 2026 and the potential benefits of such activities, the potential outcomes of the EIA of the Lagoa Salgada project including the outcome of legal challenges related thereto, the potential benefits of the additional mining claims acquired by Voyager in November 2025, the ability of Voyager to produce 67% grade iron concentrate and the potential for economic benefits that are assumed to be related to high grade iron referred to as Green Steel, and the outcome of the ongoing feasibility studies at Lagoa Salgada and Voyager., In making the forward- looking statements contained in this press release, Cerrado has made certain assumptions. Although Cerrado believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, Cerrado disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.





