EARTHWORKS ANNOUNCES ACQUISITION OF INTELLECTUAL PROTOCOL FOR A MINERALS RECOVERY SYSTEM & APPOINTMENT OF CHAD McMILLAN AS STRATEGIC ADVISOR
MWN-AI** Summary
Earthworks Industries Inc. recently announced a strategic acquisition of a minerals recovery system from Wokaura Art and Innovations Inc. This deal, formalized through a binding memorandum of understanding on February 10, 2026, enables Earthworks to acquire 100% of the associated intellectual property, modular processing architecture, and a cloud-based management platform aimed at enhancing the recovery of minerals from various sources, including urban mining and legacy mine waste.
The acquisition positions Earthworks to capitalize on the growing global demand for critical minerals, which has surged due to rising needs in electrification and advanced manufacturing. As conventional mining operations face increasing hurdles related to permitting and capital costs, the company’s innovative approach offers a lower-impact, more capital-efficient alternative.
Chad McMillan, the founder of Wokaura, will join Earthworks as a Strategic Advisor through his advisory firm, McMillan Strategies. McMillan's extensive experience in corporate finance and resource sectors will aid in the integration and commercialization of the recovered system.
Earthworks’ Critical Minerals Recovery System aims to provide a scalable and modular deployment model, facilitating the processing of materials closer to their sources while leveraging a sophisticated digital infrastructure for operational management and oversight. The acquisition will see Earthworks issue up to 6 million common shares to Wokaura, structured around the achievement of specific operational milestones.
CEO David Atkinson highlighted that this acquisition represents a significant shift for Earthworks, allowing it to meet the increasing demand for critical minerals quickly and efficiently. With the acquisition finalized, Earthworks plans to focus on pilot deployments and refining its operating system, ultimately seeking strategic partnerships to further enhance its mineral recovery initiatives.
MWN-AI** Analysis
Earthworks Industries Inc.’s recent acquisition of an Intellectual Protocol for a minerals recovery system represents a noteworthy strategic move amid rising demand for critical minerals. This transaction not only expands Earthworks’ technological capabilities but also positions the company favorably within the evolving landscape of urban mining and legacy mine waste processing.
Chad McMillan’s appointment as Strategic Advisor adds significant value. His experience in capital markets and resource management will facilitate the system’s integration, commercialization, and scaling, aligning with Earthworks' goal of addressing supply chain challenges in critical minerals. This move reflects a broader industry trend towards leveraging innovative technologies to enhance operational efficiencies and lower the environmental impact of mining.
Investors should closely monitor the developments surrounding this acquisition. Earthworks aims to address the pressing supply gap for critical minerals—driven by sectors such as electrification and advanced manufacturing—through a modular, scalable mining solution. The company plans to deploy the system using a hub-and-spoke model, enabling regional aggregation and efficient scaling in response to market needs.
The transaction is structured to incentivize performance milestones, linking share issuance to successful operational readiness and revenue generation. This mechanism aligns shareholder interests with company performance and may potentially bolster investor confidence in Earthworks’ growth trajectory.
However, potential investors should remain cautious. While modern recovery models present significant upside potential, they also come with inherent risks—particularly related to the execution of the strategic plan and broader market conditions affecting demand for critical minerals. Earthworks' ability to successfully navigate these challenges will be crucial to realizing its value proposition.
Overall, given the strategic acquisition and the market dynamics at play, Earthworks represents a compelling opportunity for investors looking to capitalize on the burgeoning critical minerals sector, albeit with a keen eye on the associated risks.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
EARTHWORKS ANNOUNCES ACQUISITION OF INTELLECTUAL PROTOCOL FOR A MINERALS RECOVERY SYSTEM & APPOINTMENT OF CHAD McMILLAN AS STRATEGIC ADVISOR
Canada NewsWire
TSX-V: EWK OTCQB: EAATF
VANCOUVER, BC, Feb. 13, 2026 /CNW/ - Earthworks Industries Inc. (the "Company" or "Earthworks") is pleased to announce that it has entered into a binding memorandum of understanding dated February 10, 2026 (the "MOU") to acquire 100% of the Intellectual Protocol for a minerals recovery system (the "System"), including associated intellectual property, modular processing architecture, and a cloud-based operating and management platform designed to support system deployment, operational oversight, data capture, and scalable network growth, from Wokaura Art and Innovations Inc. ("Wokaura").
The transaction represents a complementary strategic evolution for Earthworks, positioning the Company to pursue opportunities across urban mining, legacy mine waste and tailings reprocessing, and digitally managed, modular metals recovery infrastructure.
In connection with the transaction, Chad McMillan, founder of Wokaura, will join Earthworks as Strategic Advisor through his advisory firm, McMillan Strategies, supporting the integration, commercialization, and long-term scaling of the system.
STRATEGIC RATIONALE AND SYSTEM OVERVIEW
The acquired intellectual property underpins a comprehensive recovery framework designed to accelerate the production of recoverable metals through non-traditional and secondary sources, including:
- Urban mining and above-ground materials recovery
- Reprocessing of historical mine waste, tailings, and waste rock
- Modular and scalable processing system infrastructure
- Integrated recovery, processing, logistics, monitoring, and commercialization workflows
- Cloud-based, web-enabled operating system network intended to support system oversight, facility reporting, operational data capture, customer management, and decision support
Collectively, these assets comprise what the Company refers to as the Earthworks Critical Minerals Recovery System.
The System is designed around a hub-and-spoke deployment model, enabling Earthworks to pursue modular, repeatable installations that can be deployed near source material, aggregated regionally, and scaled efficiently as commercial demand grows, while leveraging a centralized digital layer to support long-term network management and growth.
ADDRESSING THE CRITICAL MINERALS SUPPLY GAP
Global demand for critical minerals continues to increase rapidly, driven by electrification, data infrastructure, advanced manufacturing, and defense applications. At the same time, traditional mining development faces increasing constraints related to permitting timelines, capital intensity, and geopolitical risk.
Earthworks believes that minerals recovery models, supported by modern digital infrastructure, will play an increasingly important role in bridging near- and medium-term supply gaps. The acquisition of the System positions the Company to pursue accelerated timelines, lower-impact recovery, and capital-efficient growth, while complementing -- rather than competing with -- conventional mining development.
TRANSACTION TERMS
Pursuant to the MOU, Earthworks has agreed to acquire 100% of Wokaura's intellectual property related to the System, free and clear of all liens, claims, and encumbrances, on an exclusive, perpetual, worldwide basis.
As consideration for the acquisition, Earthworks will issue up to 6,000,000 common shares to Wokaura, structured as follows:
- 4,000,000 common shares to be issued upon the execution of a definitive Purchase Agreement, as allocated:
- 2,000,000 shares immediately upon signing
- 1,000,000 shares issued into escrow and released twelve (12) months following signing
- 1,000,000 shares issued into escrow and released twenty-four (24) months following signing
- Up to 2,000,000 common shares upon the achievement of the following performance milestones, with 500,000 shares to be issued upon the achievement of each milestone:
- Initial System Commissioning – Successful commissioning and commercial-grade operational readiness of the first System installation
- Intellectual Property Expansion – Grant or issuance of at least one new patent or equivalent registered intellectual property right relating to the System
- Commercial Revenue Threshold – Generation of aggregate gross revenues of not less than USD $1,000,000 derived from System-related commercial activities
- Permitted Commercial Facility – Receipt of all material permits required to construct and operate a commercial-scale System facility, followed by commencement of construction or installation
Completion of the transaction remains subject to acceptance by the TSX Venture Exchange and execution of definitive agreements.
STRATEGIC ADVISORY ENGAGEMENT
Earthworks has also entered into an advisory engagement with Chad McMillan, through McMillan Strategies, to serve as Strategic Advisor to the Company.
Mr. McMillan will advise Earthworks on platform integration, commercialization strategy, system development, capital markets best practices, and broader corporate strategy as the Company advances the System toward deployment and scale.
ABOUT THE STRATEGIC ADVISOR
Mr. McMillan is a senior executive with over twenty years of experience working in and around the capital markets, building, running, and helping finance public companies. He is well versed in executive management, corporate finance, mergers and acquisitions, corporate communications, and stakeholder relations, having served in roles including President, Chief Executive Officer, Director, Vice President of Corporate Communications, and Strategic Advisor.
To date, Mr. McMillan has led and assisted in numerous financing, merger, acquisition, and joint venture transactions, as well as corporate turnarounds, particularly in the mining and resource sectors, and also across technology and entertainment. He is the founder of McMillan Strategies, Kaypieye Media Inc., and Wokaura Art & Innovations Inc., and holds a Bachelor of Arts degree in Communications from Simon Fraser University.
MANAGEMENT COMMENTARY
"This transaction marks a strategic inflection point for Earthworks," said David Atkinson, CEO of Earthworks.
"By acquiring both modular recovery technology and a digital operating framework, we are building a platform designed for scale, visibility, and long-term execution. This positions Earthworks to move more quickly and efficiently as demand for critical minerals continues to grow."
"This system was designed as a full-stack recovery platform -- physical, digital, and strategic," said Chad McMillan, Founder of Wokaura and Strategic Advisor to Earthworks.
"Earthworks now has a public platform and operational focus to industrialize this model, and I'm excited to support the Company as it advances to help address the West's critical minerals needs."
NEXT STEPS
Following completion of the transaction, Earthworks intends to advance a phased development strategy, including pilot deployments, continued refinement of the operating system, identification of priority feedstock streams, and evaluation of strategic partnerships and commercial facilities.
ABOUT EARTHWORKS INDUSTRIES INC.
Earthworks Industries Inc. is a publicly listed company focused on advancing innovative solutions across the materials recovery and infrastructure value chain, with an emphasis on efficiency, scalability, and long-term sustainability.
Forward-looking Statements:
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements made in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
SOURCE Earthworks Industries Inc.
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FAQ**
How does Earthworks Industries Inc. (EAATF) plan to utilize the cloud-based operating and management platform integrated into the Intellectual Protocol for the minerals recovery system?
What specific performance milestones must be achieved for Earthworks Industries Inc. (EAATF) to unlock additional shares for Wokaura as part of the acquisition agreement?
Can you elaborate on the strategic advantages that Chad McMillan brings to Earthworks Industries Inc. (EAATF) in his role as Strategic Advisor, particularly in commercialization and capital markets strategy?
How does Earthworks Industries Inc. (EAATF) intend to address potential environmental and regulatory challenges associated with the deployment of the new minerals recovery system?
**MWN-AI FAQ is based on asking OpenAI questions about Earthworks Indus Inc (OTC: EAATF).
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