BUNIA, Democratic Republic of Congo, February 12, 2026 — Black & Yellow Minerals SARL ("BYM" or the "Company") today announced the successful deployment of Phase 3 equipment at its concession operations, representing an additional capital investment of approximately US$420,000. The new equipment comprises one LiuGong B230 bulldozer, one Shacman F3000 dump truck, and a mobile gravity processing unit, all of which have been commissioned and are now operational.
The Phase 3 deployment brings BYM's total fleet to four XCMG 335 excavators, three dump trucks (two HOWO, one Shacman), three wheel loaders, two bulldozers, and a dedicated mobile processing unit. This expanded fleet supports the Company's transition to three-site operations with the activation of Concession P2 and provides redundancy to maintain production continuity during scheduled maintenance rotations.
"Each phase of our equipment investment has been calibrated to match our production scaling roadmap," said the Chief Operating Officer. "Phase 1 established single-site operations at P3. Phase 2 enabled dual-site production at P3 and P1. Phase 3 gives us the fleet capacity to activate P2 while maintaining full production at our existing sites. The mobile processing unit is a particularly significant addition — it allows us to process ore at the point of extraction, reducing double-handling and improving recovery rates."
The mobile processing unit, manufactured to BYM's specifications, integrates a trommel screen, centrifugal concentrator, and shaking table into a transportable configuration that can be repositioned between working zones within 48 hours. Initial field testing at the P1 site has demonstrated recovery rates of 94%, exceeding the Company's 92% target and outperforming the fixed-position gravity circuits currently in use.
Cumulative equipment capital expenditure across all three phases now totals approximately US$1.48 million, against the 2025–2026 equipment budget of US$1.8 million. The remaining budget allocation is earmarked for spare parts inventory, workshop upgrades, and a contingency reserve for opportunistic equipment acquisitions. BYM continues to evaluate the timing of a potential Phase 4 deployment to support activation of Concession P4 in H2 2026.
Forward-Looking Statements: Equipment deployment plans and production scaling are subject to operational, logistical, and financial risks. Actual results may differ from projections. Contact: BYM Investor Relations — ir@bym-minerals.com.