News Update to Prism’s proposed Reverse Takeover (RTO) of nDatalyze Corp.

Calgary, AB – March 11, 2026 – TheNewswire – nDatalyze Corp. (CSE: NDAT) (the “Company”) updates the proposed reverse takeover (“RTO”)  with PRISM Diversified Ltd. (“PRISM”), an Alberta-based mine-to-metals producer that will leverage Alberta’s low-cost natural gas, carbon sequestration infrastructure, hydrogen expertise and industrial workforce to produce lower-emissions steel production and critical minerals. The PRISM website is at https://www.prismdiversified.com/ .

What is currently expected to be reflected in the Definitive Agreement:

a) the Definitive Agreement, originally expected to be executed on or before March 15, 2026, is now expected to be executed on or before March 31, 2026,

b) Financing of a minimum of $2 million will be arranged by PRISM and/or its agents, said Financing consisting of:

i. Prior to March 31, 2026, PRISM will conduct a private placement of $400,000 (at $0.10 per share) resulting, at Closing, in 4,000,000 shares in the Resulting Issuer,

ii. between March 31, 2026 and August 15, 2026, the Company will conduct a $1,600,000 subscription receipt (“SR”) financing (the “Financing”) such that, at Closing, subscribers for SRs will own 16,000,000 shares of the Resulting Issuer, with the required share conversion ratio to be set out in the Definitive Agreement,

iii. Proceeds of the Financing are for general corporate purposes,

c) Assuming $2,000,000 in total financing is raised, upon Closing the RTO, the 41,327,425 outstanding nDatalyze shares will convert to 15,555,555 shares of the Resulting Issuer with the required share conversion ratio set out in the Definitive Agreement. If greater than $2,000,000 is raised, the additional securities must be sold at a minimum of $0.10 per share and the number of nDatalyze shares, being 15,555,555, will not increase,

d) Post-Closing, the Resulting Issuer will have 162,560,555 shares outstanding consisting of: PRISM existing share capital (120,000,000), fundraising and financing costs (27,005,000), the Company’s existing shareholders (15,555,555),

e) Subscription Receipts cannot be exchanged for Company shares unless the RTO closes,

f) Prior to the exchange of Subscription Receipts for Company shares, all Company assets, tangible (with the exception of $30,000 in cash) and intangible (including IP, technology and databases), will be spun out to the Company shareholders on the basis of one spinout share for one Company share (or equivalent),

g) standard terms, conditions, representations and warranties,

h) the RTO will be subject to Canadian Securities Exchange and approval by PRISM shareholders.

PRISM signs Memorandum of Understanding (MOU) for Reverse Takeover (RTO) of nDatalyze Corp

Prism is pleased to announce the signing of a non-binding MOU with a CSE-listed company. (nDatalyze Corp: NDAT:cse, NDATF:otcpk). This RTO will not only provide Prism direct access to public capital markets to fund its pilot project but also offer liquidity opportunities for existing shareholders, enhancing Prism’s future growth and investor alignment. The mechanics of the transaction are summarized here…www.stockwatch.com

 “Like other Canadian private companies, PRISM has found investors have been reluctant to invest in private companies.  PRISM has a world-class critical mineral resource and this is the right time to go public and advance the project,” PRISM CEO John Merritt explains. “Public resource companies with advanced stage projects, such as PRISM, are getting attention and good valuations for their projects.  We intend work quickly to move towards a definitive agreement and complete the go public transaction, subject to Exchange and regulatory approval.”

PRISM aims to raise $2 million to enable completion of a Pilot plant that will demonstrate the innovative Altatude Reductive Chlorination Process (ARCP) that PRISM will use to liberate iron from its polymetallic ironstone ore. Inquiries relating to participating in the planned funding round can be made to PRISM’s CEO, john@prismdiversified.com. 

Existing PRISM shareholders are advised that updates on this transaction will be published on this www.prismdiversified.com/news  page.

PRISM CEO presents at Alberta’s Industrial Heartland Association’s 2025 Conference

The AIHA conference is an annual gathering of northern Alberta’s largest companies. Always a sell out event, it was a great honour to be able to discuss the potential for economic diversity through Critical Minerals as offered by PRISM’s Clear Hills ore.

PRISM CEO John Merritt (second from left) outlines how PRISM’s low-carbon ironmaking process aligns with the heartland’s cost-effective production of “blue molecules”.

With an opening panel including the Premiere, the 1000 attendees were receptive to the Critical Minerals panel discussion.

Demir Engineering Partners with PRISM Diversified

Demir Engineering is excited to announce its strategic partnership with PRISM Diversified to support the Alberta Clear Hills Polymetallic Project. This collaboration aims to advance the development of a demo plant and future full scale multi-metallic processing plant for low-emission steelmaking in Alberta as well the recovery of critical minerals, including vanadium.

At Demir Engineering, we are bringing our expertise in engineering design, metallurgical testing, and process development to help make this project technically and economically feasible at an industrial scale. Our role is to provide engineering solutions to transform innovative concepts into a scalable proprietary process and operational plant.

Since becoming involved in the project we have gained confidence in this novel process which has led us to invest in further developing the resource. This marks a significant step toward building a sustainable and efficient steel industry while securing strategic critical minerals essential for the future. We look forward to working closely with PRISM Diversified to move this project forward and contribute to Ultralow-carbon steel production. Stay tuned for more updates as we progress toward the demo plant phase.

www.demirengineering.com

PRISM and TCM Research are Excited to Announce Successful Test Results

PRISM is pleased to announce successful results by TCM-Research, a metallurgical process engineering partner, of the extraction of Iron and Vanadium from its Clear Hills polymetallic ore.

Initial test results demonstrate 99.1% Iron extraction (at 96% purity) and 96.% Vanadium extraction.

PRISM’s Clear Hills project has effectively been stalled since 2016 due primarily to an inability to successfully liberate metal from its unique “oolitic” ore deposit. Previous failed attempts had focused upon physical grinding with roasting and grain enlargement - all of which proved incapable of separating the iron and vanadium metals from the complex microscopic “goethite” mineralized structure.

TCM-Research’s innovative and patented reductive chlorination process therefore provides a long-awaited boost for this world-class resource.

A key advantage of TCM-Research’s process is its potential to generate green methods to produce a Direct Reduced Iron (DRI) substitute product for the steel industry. As highlighted by TCM-Research’s Dr Dmitri Terekhov, inventor of the process - “the adoption of hydrogen within the reduction process provides a tangible pathway to low emission steel manufacturing”. PRISM is excited that a combination of Alberta-produced hydrogen and PRISM’s iron metal powders could generate considerable economic benefit to the region and province.

With regards to its Vanadium resource, the enormous volume of iron demanded by a steel plant would result in over 15,000 tons of Vanadium being produced annually. Vanadium is a critical metal for flow batteries that can address the long duration energy storage (LDES) market. Safe, predictable and domestic supply at this scale (~15% of current global supply) would greatly assist in developing a cost-effective solution to the burgeoning Energy Stationary Storage (ESS) market.

There are other minerals and metals within the polymetallic ore, and we will provide updates as to the market potential for these additional “credit minerals”.

PRISM will now look to raise capital so as to validate the test findings and scale towards a field pilot plant.

PRISM to Sell Lithium Licenses for a Royalty & Cash Payment

PRISM is pleased to announce that it completed a transaction to sell the Clear Hills Lithium licenses in return for a Net Profits Interest (NPI) Royalty of 5%. In light of the current dilutive investment climate and the need for considerable ongoing capital funding Prism’s Board feels this deal presents the best opportunity for long term shareholder return. Prism will also receive a $40,000 cash payment which will be spent on the much-awaited reductive chlorination testing on Prism’s polymetallic ore. All existing Prism shareholders will receive shares in a new stand-alone royalty company, Prism (CHP) Royalty Corp, with future royalties being distributed according to shareholding percentage.

Although not the original deal announced in Nov 2023 this deal maintains the key goal of conversion of debt thus improving Prism Diversified’s balance sheet - providing the main polymetallic division with its best opportunity to move forward.

All existing Prism Diversified Ltd (previously Ironstone Resources Ltd.) shareholders are requested to email john@prismdiversified.com with updated contact information (mailing address, physical address, email address, telephone contact number) in order that the new shares in Prism (CHP) Royalty Corp. may be issued.