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Saskatoon, Saskatchewan--(Newsfile Corp. - October 22, 2026) - Buffalo Potash Corporation (TSXV: BUFF) (OTCQB: BLPTF) (FSE: VU5) (the \"Company\" or \"Buffalo\") is pleased to announce that it has entered into a binding letter of intent regarding a royalty agreement (the \"Royalty Agreement\") with Altius Royalty Corporation, a wholly owned subsidiary of Altius Minerals Corporation (TSX: ALS) (OTCQX: ATUSF) (\"Altius\"), on October 21, 2026, pursuant to which Altius will acquire a 1.0% gross overriding royalty (the \"Royalty\") on the Company's Disley West property consisting of Subsurface Mineral Permit SMP 199 and certain freehold mineral lands held by Buffalo (\"Disley West\"), together with a right of first offer on SMP 222 (\"Disley East\") (the \"ROFO\"), for aggregate cash consideration of C$8.5 million (the \"Transaction\").
The Transaction brings increased alignment with one of the most established names in Saskatchewan potash and provides funding to advance Buffalo's Initial Production Module (\"IPM\"), which is targeting first production in Q1 2027, with a designed annual production capacity of 125,000 tonnes of soluble-grade potash.(1)
Transaction Highlights
Mr. Steve Halabura, P.Geo., Chief Executive Officer and Director of the Company, commented: \"Altius knows Saskatchewan potash as well as anyone in the capital markets. They hold royalties on the mines that built this province's reputation as the world's potash leader, and their decision to take a royalty on Disley West is a strong endorsement of both the asset and our Horizontal Line-Drive approach. This agreement delivers significant capital at a pivotal moment, as we drive the IPM toward first production.\"
Altius Ownership of Saskatchewan Potash Royalties
Altius is one of the largest holders of potash royalties in Saskatchewan, the world's premier potash jurisdiction. Through its controlling interest in the Potash Royalty Limited Partnership, Altius earns royalty revenue from six long-life producing potash mines operated by two of the world's largest potash producers:(2)
Table 1: Current Altius Potash Royalties
| Mine | Operator | Mining Method |
| Esterhazy | The Mosaic Company | Conventional underground |
| Rocanville | Nutrien Ltd. | Conventional underground |
| Allan | Nutrien Ltd. | Conventional underground |
| Cory | Nutrien Ltd. | Conventional underground |
| Vanscoy | Nutrien Ltd. | Conventional underground |
| Patience Lake | Nutrien Ltd. | Solution |
Terms of the Royalty Agreement
Under the Royalty Agreement, Buffalo will grant Altius a 1.0% gross overriding royalty on all potash and associated products produced from SMP 199 plus other freehold and mineral titles, which together comprises Disley West, where the IPM site is located. The Royalty will be granted in two tranches of 0.5% each. In consideration, Altius will pay Buffalo aggregate cash consideration of C$8.5 million, of which C$3.4 million is payable on closing and the remaining C$5.1 million is payable upon the satisfaction of certain technical conditions related to brine circulation.
Buffalo will also grant Altius a ROFO on any royalty, stream or similar financing that Buffalo proposes to grant on the Disley East property, which includes SMP 222.
About Buffalo Potash
Buffalo Potash is an emerging Saskatchewan-based potash developer pursuing a modular approach to selective solution mining through its patented Horizontal Line-Drive (HLD) technology. Buffalo is advancing the Disley Project - located adjacent to two of the most prominent currently producing potash solution mines in the world - with the objective of establishing capital-efficient, lower-impact potash production in one of the world's leading potash jurisdictions.
About Altius Minerals
Altius Minerals Corporation (TSX: ALS) (OTCQX: ATUSF) builds per-share growth through a diversified portfolio of royalties on long-life, high-margin operations, spanning potash, iron ore, base metals, battery metals and electricity. Altius also operates a Project Generation business that originates mineral projects and sells them to developers in exchange for royalties.
Qualified Person
All scientific and technical information in this news release has been reviewed and approved by Jared Galenzoski, P.Geo., FIMMM, an independent consultant to the Company who is a Qualified Person within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Contact
Steve Halabura | Chief Executive Officer & Director
Email: steve@buffalopotash.ca | Phone: 1-306-220-7715
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Notes
(1) Production Decision Cautionary Statement: The Company's decision to proceed with development of the IPM is not based on a feasibility study of mineral reserves demonstrating economic and technical viability. No mineral reserves have been established at the Disley Project, and the Company's preliminary economic assessment is preliminary in nature. Historically, mineral projects advanced to production without first establishing mineral reserves supported by a feasibility study have a higher risk of economic and technical failure. Specific risks associated with the Company's production decision include, but are not limited to: 1) grade, continuity, or thickness of mineralization that differs significantly from the Mineral Resource Estimate; 2) improper or inadequate performance of the Company's Horizontal Line-Drive mining method, which has not been operated at commercial scale; 3) recoveries, production rates, or capital and operating costs that differ materially from the preliminary economic assessment; and 4) production during the IPM that does not become sustainable or profitable, which would materially and adversely affect the Company's ability to generate revenue and cash flow.
(2) Information regarding Altius and the mines underlying its potash royalty portfolio has been derived from publicly available information disclosed by Altius and has not been independently verified by the Company. The Company has no interest in any of the mines referenced in this news release. Mineralization and production at those mines are not necessarily indicative of mineralization on, or potential production from, the Company's Disley Project, and there is no guarantee that the Disley Project will yield comparable results.
Forward-Looking Information
This news release contains \"forward-looking information\" and \"forward-looking statements\" (collectively, \"forward-looking information\") within the meaning of applicable Canadian securities legislation. Forward-looking information is generally identifiable by the use of words such as \"believes,\" \"may,\" \"plans,\" \"will,\" \"anticipates,\" \"intends,\" \"could,\" \"estimates,\" \"expects,\" \"forecasts,\" \"projects,\" \"potential,\" \"targeted,\" \"scheduled,\" \"budget,\" \"proposed,\" \"objective,\" and \"seek,\" or similar expressions, the negative of such expressions, and similar expressions that are not statements of historical fact.
Forward-looking information in this news release includes, but is not limited to, statements regarding: the completion and timing of the Transaction; the receipt of TSX Venture Exchange acceptance and the satisfaction of other closing conditions; the amount, timing and use of the consideration payable by Altius, including the satisfaction of the conditions precedent to, and receipt of, the deferred consideration; the anticipated benefits of the Royalty Agreement and the Company's relationship with Altius; the anticipated timing of first production from the IPM and the IPM's designed production capacity; the development of Disley West and the Company's broader development plans and strategy for the Disley Project; the intended operation and performance of the Horizontal Line-Drive mining method; and the fact that the Company's production decision for the IPM is not based on a feasibility study of mineral reserves demonstrating economic and technical viability, and the associated increased risk of economic and technical failure.
Forward-looking information is based on management's reasonable assumptions, estimates, analysis, and opinions made in light of its experience, perception of historical trends, current conditions, and expected future developments, as well as other factors that management believes are relevant and reasonable in the circumstances as of the date such statements are made. These assumptions include, but are not limited to, assumptions that all conditions to closing of the Transaction will be satisfied; that the conditions precedent to the deferred consideration will be satisfied; the performance of solution mining methods; costs of production; the availability of services and equipment; the receipt of required permits and approvals; the availability of financing on acceptable terms; the stability of the regulatory and political environment in which the Company operates; no material adverse changes in potash commodity markets; and the Company's ability to maintain its patents and intellectual property rights, including with respect to the Horizontal Line-Drive mining method.
Forward-looking information is subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements of the Company to differ materially from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: the risk that the Transaction is not completed on the terms described or at all; the risk that TSX Venture Exchange acceptance is not obtained; the risk that the conditions precedent to the deferred consideration are not satisfied and the deferred consideration is not received; the impact of the Royalty on the economics of Disley West; risks related to the procurement, delivery and installation of surface processing equipment and the timing and completion of construction and commissioning activities at the IPM; risks related to the development, commissioning, and operation of novel mining technology; risks inherent to solution mining operations; regulatory approvals and permitting timelines; commodity price volatility; availability of capital; and general economic, market, and business conditions.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events may differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this news release, and the Company disclaims any obligation to update or revise any forward-looking information, except as required by applicable securities laws.
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Vancouver, British Columbia--(Newsfile Corp. - October 21, 2026) - Endurance Gold Corporation (TSXV: EDG) (OTCQB: ENDGF) (FSE: 3EG) (the \"Company\") is pleased to report assay results from six diamond drill holes have expanded the Imperial and Lower Imperial Zones, and identified multiple high-grade structures in the footwall of the Royal Shear at its 100%-owned Reliance Gold Project BC (the \"Project\"). The Project is road accessible and located 4 kilometres (\"km\") east of Gold Bridge, British Columbia, in the historic Bridge River Mining Camp. In January 2026, the Company reported an inaugural Inferred Mineral Resource Estimate of 19.6 million tonnes at an average grade 2.30 grams per tonne (\"gpt\") Au, for 1.45 million ounces contained gold (\"MRE\") (see MRE Disclaimer below).
All six holes intersected gold and antimony mineralization. Drilling has successfully extended both the Imperial and the Lower Imperial Zones with wide intersections as summarized below. The deeper drilling also intersected several previously undefined high-grade structures in five of the six holes, with individual intervals grading up to 31.90 gpt gold and 0.30% antimony (\"Sb\") over 0.5 meters (\"m\"). Significant results are summarized in Table 1 and Table 2. Highlights include:
\"The 2026 drilling has expanded the size of both the Imperial and Lower Imperial Zones and identified multiple high-grade structures beyond the previously defined mineralized zones. These results demonstrate the opportunity to add mineralized volume along the Royal Shear and associated footwall. Diamond drilling continues at the Crown Zone, and we look forward to reporting those assay results as they are finalized,\" said Robert T. Boyd, President and CEO.
The 2026 diamond drill program was designed to expand the MRE along trend and to depth. To date, the Company has completed over 10,200 m in 25 diamond drill holes at the Eagle, Crown and Imperial Zones along the Royal Shear trend, bringing the total to over 42,000 m of diamond drilling by the company in the MRE area. Assay results for the six 2026 drill holes completed at the Imperial Zone are reported herein, while Eagle Zone results were previously reported on June 24 and August 11, 2026. All 2026 diamond drill holes reported to date have intersected gold and antimony mineralization.
Assay results from the Crown Zone are being finalized and will be reported soon.
Imperial Zone Expansion
The Imperial area comprises two principal mineralized structures: the Imperial Zone, which follows the Royal Shear fault contact, and the Lower Imperial Zone, a wide sulphide-bearing crackle breccia hosted by a gabbro body approximately 200 m into the footwall of the Royal Shear. (see release dated December 16, 2024)
The 2026 drilling program expanded both zones. DDH26-140 extended the Imperial Zone 50 m northwest along the Royal Shear and returned 5.89 gpt gold and 0.19% antimony over 5.2 m, including 8.54 gpt gold and 0.41% antimony over 2.0 m.
DDH26-130A and DDH26-134A tested a previously under-drilled segment of the Royal Shear fault contact. Both holes intersected the contact at the predicted depth and returned broad intervals of gold-antimony mineralization. DDH26-130A returned 2.97 gpt gold and 0.03% antimony over 11.1 m, including 6.40 gpt gold and 0.03% antimony over 1.9 m, in a 45 m step-out from DDH25-109. DDH26-134A returned 3.96 gpt gold and 1.92% antimony over 10.9 m, including 9.71 gpt gold and 0.41% antimony over 2.0 m, in a 63 m step-out from DDH25-110.
DDH26-137 extended the Lower Imperial Zone 55 m southeast and intersected multiple mineralized horizons. The principal interval returned 2.24 gpt gold and 0.06% antimony over 16.2 m, including 11.75 gpt gold and 0.42% antimony over 0.6 m and 4.96 gpt gold and 0.30% antimony over 2.2 m. A secondary splay returned 3.20 gpt gold and 0.76% antimony over 2.9 m, including 6.36 gpt gold and 0.27% antimony over 1.0 m.
DDH26-140 extended the Lower Imperial Zone 50 m northwest, returning 6.41 gpt gold and 0.22% antimony over 1.0 m within a broader interval of 0.64 gpt gold over 13.5 m. This mineralization is interpreted to correlate with the secondary splay intersected in DDH26-137, approximately 100 m to the southeast.
New High-Grade Structures in the Imperial Footwall
The 2026 program included deeper drilling into the footwall volcanic rocks to test extensions of the Lower Imperial Zone. Five of the six holes intersected several previously undefined high-grade structures. These structures occur as fault-hosted quartz-carbonate-stibnite veins and sulphide-rich cataclastite breccias developed along competency contrasts, including lithological contacts and the margins of large pre-mineral quartz veins. Reported intervals range from 0.5 m to 2.0 m in core length, with grades of up to 31.90 gpt gold and 1.92% antimony. The high-grade intervals commonly occur within broader, lower-grade mineralized envelopes. For example, DDH26-144 returned 8.55 gpt gold and 1.42% Sb over 2.0 m within 3.50 gpt gold and 0.51% Sb over 5.8 m. See Table 2 for a list of notable high-grade intercepts.
Eagle Offset Target – Inaugural Drilling Update
In addition to diamond drilling designed to expand the MRE, the Company is evaluating the Eagle Offset geochemical anomaly, which commences approximately 500 m south of the Eagle Zone. The target was identified through prospecting and soil sampling during the 2025 field season (see release dated January 21, 2026). The gold-arsenic-antimony talus-fines anomaly measures approximately 1,300 m by 500 m. Outcrops are sparce, however 2025 bedrock grab samples from silicified and altered mafic volcanic rocks returned gold values of up to 8.16 gpt gold.
In September, the Company completed excavating 2 km of access trails crossing the large geochemical anomaly, exposing additional altered and mineralized outcrops in several locations. To date, surface channel sampling was completed on altered bedrock exposures, followed by drilling of 31 reverse-circulation (\"RC\") holes with over 1,500 RC samples submitted for laboratory assay analysis. Screening of RC samples using a portable X-ray fluorescence (\"pXRF\") unit has now been completed for the completed RC holes. The instrument provides reliable field measurements for elements including antimony and arsenic. Quantitative gold assays are not possible with pXRF, thus pXRF measurements are being used as a proxy to map potential gold-rich mineralized structures while laboratory assays are pending.
The pXRF data are being compiled and reviewed. The Company expects to report the results after quality-control checks are completed.
Metallurgy and Antimony Recovery Update
Flotation test work and mineralogical studies are in progress at Blue Coast Research. Flotation test work has been completed on seven of ten samples selected from across the MRE deposit area. Preliminary flotation results are promising with associated gold assays still pending.
The Company plans to report a summary of the rougher-flotation test work after all ten samples have been tested and the associated gold assays have been received and reviewed. It is anticipated that cleaner-concentrate test work will proceed afterwards.
All drill assay results are reported as core length intervals. True composite widths are estimated at 80% to 100% of core length. Highlighted intervals are reported in Table 1 and Table 2, and the reported drill holes are shown on the surface plan map in Figure 1. A vertical section displaying DDH26-130A, DDH26-134A, DDH26-137, and DDH26-144 is shown in Figure 2.
The Reliance Gold Project is interpreted to host a shallow-level (Epizonal) Orogenic gold system. Gold mineralization is directly related to varying amounts, though generally low concentrations of sulphides, including pyrite, arsenopyrite, and stibnite. These occur as sulphide replacement and multigenerational breccias, which are frequently associated with pervasive silicification, quartz stockwork and/or quartz breccia infill. The geological setting and all drilling results to date support the Company's view that the Project has near surface and underground growth potential.
MRE Disclaimer and Qualified Person
The Mineral Resource Estimate (\"MRE\") was prepared for Endurance Gold Corporation by Ginto Consulting Ltd. in accordance with NI 43-101 – Standards of Disclosure for Mineral Projects with an effective date of January 8, 2026. Please see the NI 43-101 Technical Report dated March 10, 2026 for additional disclosure for the MRE. The Report, titled \"NI 43-101 Mineral Resource Estimate and Technical Report on the Reliance Gold Project, British Columbia, Canada\", is available on SEDAR+ under the Company's profile and on the Company's website.
Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resources estimated will be converted into mineral reserves. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, changes in global gold markets or other relevant issues.
The technical and scientific information in this news release has been reviewed and approved by Darren O'Brien, P.Geo., Vice President Exploration of the Company and a Qualified Person as defined in National Instrument 43-101. Mr. O'Brien has reviewed and approved of this news release.
Endurance Gold Corporation is a precious metals exploration and development company focused on the acquisition, exploration and development of highly prospective North American mineral properties. Our current exploration focus is to advance the Reliance Gold Project, located near Gold Bridge B.C. in the historic Bridge River Gold Mining Camp.
ENDURANCE GOLD CORPORATION
Robert T. Boyd, President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corporation www.endurancegold.com
Toll Free: (877) 624 2237, info@endurancegold.com
Diamond drill core was logged and evaluated on the Property and samples designated for assay analysis under the supervision of a geologist at the property. Drilling was completed with HQ and NQ size tools capable of collecting 6.35 and 4.76 centimetre diameter core (respectively). Drill core was cut using a diamond saw with one half of the core sent for analysis and the remaining kept for future studies. All drill core samples have been submitted to ALS Global in North Vancouver, BC, an ISO/IEC 17025:2017 accredited laboratory, where they are crushed to 70% <2 mm then up to 250 gram pulverized to <75 microns. Samples are then submitted for four-acid digestion and analyzed for 48 element ICP-MS (ME-MS61) and gold 30g FA ICP-AES finish (AU-ICP21). Over limit samples returning greater than 10 parts per million (\"ppm\") gold are re-analyzed by Au-GRA21 methodology and overlimit antimony returning greater than 10,000 ppm Sb are re-analyzed by Sb-AA08 methodology. Samples with Visible Gold are re-analysed by metallics screening method Au-SCR21 which incorporates a 1 kg pulp screened to 100 microns and includes assaying of the entire oversize fraction.
Talus-fines samples were collected by hand using a shovel and/or grub hoe to excavate up to two metres of pumice tephra-ash that covers the Property. Due to the relatively young age of the tephra-ash deposit there is no mature soil development above this tephra-ash horizon. Soil samples were dried and screened at the Property under the supervision of geologist. The undersized fraction of the sample was analyzed by an Vanta XRF Analyzer which is capable of measuring elements from concentrations as low as single parts per million (ppm). Duplicate pXRF analysis was conducted on a select set of the duplicate split samples to test for reproducibility. The pXRF analysis does not return quantifiable gold but previous work by the Company has shown that arsenic mineralization has a strong positive correlation with gold mineralization. A subset of talus-fines samples were submitted to ALS Global in North Vancouver, BC, where they were analyzed by method AuME-TL43 to validate pXRF arsenic values and to report gold analysis down to 1 ppb gold.
Grab Samples are selective by nature and may not represent the true grade from the area sampled. Since 2020, all rock samples were submitted to ALS Global in North Vancouver, BC, an ISO/IEC 17025:2017 accredited laboratory, where they were crushed to 70% <2 mm then up to 250 gram pulverized to <75 microns. Samples were then submitted for four-acid digestion and analyzed for 48 element ICP-MS (ME-MS61) and gold 30g FA ICP-AES finish (AU-ICP21). Over limit samples returning greater than 10 ppm gold were re-analyzed by Au-GRA21 methodology and over limit antimony returning greater than 10,000 ppm Sb were re-analyzed by Sb-AA08 methodology.
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 news release. This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from the expected results.
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Figure 1: Reliance Property – 2026 Drilling Plan Map Imperial with Near-Surface MRE
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Figure 2: Reliance Property – Imperial Zone Vertical Section 355
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Table 1 - October 21, 2026 Composite DDH Assays Results Imperial Zone
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Table 2- October 21, 2026 – High Grade Vein intercepts – Imperial Zone.
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Toronto, Ontario--(Newsfile Corp. - October 5, 2026) - Oreterra Metals Corp. (TSXV: OTMC) (OTCQB: OTMCF) (FSE: D4R0) (WKN: A421RQ) (\"Oreterra\" or the \"Company\"). In advance of the receipt of laboratory assays expected later this month and next, Oreterra's CEO Kevin Keough is pleased to provide for the benefit of shareholders an assessment of the visual results and importance of the recently concluded (news, September 16) Phase 1 drill program at its new Trek South porphyry copper-gold prospect in BC's Golden Triangle. This letter to shareholders is supported by a Trek South presentation available at Corporate Presentation.
\"Trek South has now moved beyond the question of whether the prospect area encompasses a porphyry system,\" states Mr. Keough. \"The Phase 1 drill results have demonstrated that a broad, porphyry style alteration halo with locally abundant copper minerals is present across a wide area and extends at least several hundred metres in vertical depth. The more important question is now the location of the intrusive root believed to be the source underlying this broad area of alteration, as it is within that root that the highest-grade part of the system should be found. Across 11 holes and approximately 4,100 metres of drilling, our team has now built a much clearer picture of the system beneath the Trek South \"A\" Zone (Figure 1). Assays remain pending, but the combination of visual core observations, alteration patterns and magnetic modelling is pointing toward a specific target beneath the central holes in the drill fence - TS26-06, TS26-09 and TS26-10.
These three central holes combined particularly intense (and generally non-magnetic) alteration with visible copper minerals. The mineral assemblage included bornite, chalcopyrite, chalcocite, malachite and chrysocolla, with visible copper minerals occurring from trace amounts across several hundred metres to locally appreciable concentrations over shorter intervals. The combination of intense alteration and copper-bearing minerals has provided a strong vector toward what we believe to be the underlying high-temperature porphyry source. The presence of bornite, commonly intergrown with chalcopyrite and chalcocite, is considered a strong indication of an underlying, fertile intrusion source.
The Magnetic \"Ship's Prow\"
Our latest interpretation combines the visual drill results with magnetic modelling. Beneath the A Zone holes, we have identified a distinctive \"ship's prow\" shape in the underlying magnetic data. The resulting interpretation is a magnetically positive porphyry intrusion tilted toward the southeast, camouflaged beneath strongly magnetic volcanic rocks and later intrusions. Above it sits a large, lower-magnetic-susceptibility mineralized alteration halo (Figures 2 and 3).
In simplified terms, our geological interpretation points toward a deeper source beneath the area tested by our Phase 1 drilling. The broad surface alteration represents the outer expression of the system, while the stronger mineralization and higher-temperature assemblages encountered in the central holes provide a vector toward the underlying intrusive body. The magnetic model now suggests that this intrusive root may sit beneath and southeast of the central drill fence.
This model remains schematic and interpretive, but it provides us with something that exploration programs are designed to obtain: a more precise vector for our next drill holes.
Phase 1 Trek South 'A' Zone Drilling: What Changed
| Key Finding | Latest Result | What It Means |
| Drilling completed | 11 holes / ~4,100 m | Phase 1 has substantially tested the A Zone |
| Strongest central holes | TS26-06, TS26-09, TS26-10 | Central area produced the strongest visual results |
| Copper minerals | Bornite, chalcopyrite, chalcocite, malachite, chrysocolla | Indicates a fertile, copper-bearing hydrothermal environment |
| Alteration | Broad, multi-hundred-metre porphyry-style alteration | Shows the broad extent of the hydrothermal system |
| Magnetic interpretation | \"Ship's prow\" magnetic feature | Helps define the geometry of the potential intrusive body |
| Current geological vector | Root interpreted beneath/southeast of central holes | Provides the target for Phase 2 drilling |
Phase 1 Has Put Our Drills Above the Interpreted Target
Our current interpretation is that the intrusive root lies below the locations of TS26-06, 09 and 10. The Phase 1 program therefore has accomplished something beyond simply testing for the presence of mineralization: it has progressively narrowed the search area and put the program directly over what we believe to be the core - or intrusive root - of the system, while Phase 2 is planned to drill directly into that target. Drilling to date has, therefore, been localized to the roof of the porphyry system. If our current geological model is correct, the higher-temperature intrusive body should lie deeper and to the southeast beneath the existing drill fence.
Our Next Test / Phase 2: Drill the Root
We are now planning our 2027 Phase 2 drilling program around this interpretation. The proposed drill holes are being designed to test beneath the Phase 1 drilling and into the interpreted intrusive root directly. Importantly, drill pads and other infrastructure from the Phase 1 program have been left in place, including camp and core-shack infrastructure, providing a head start for the next field season.
What the Trek South 'A' Zone Drilling Has - and Has Not - Established
There are now several pieces of the Trek South program that we can describe with greater confidence:
Established through Phase 1 drilling and modelling:
Still to be established:
In sum, our program has now moved from confirming a large alteration system to targeting the geological engine believed to have produced it. Our next holes will determine whether that interpretation holds when the drill bit reaches the intrusive root.
I will close by reminding shareholders, in the face of ever-turbulent markets, that Trek South is now more than ever a high-value copper-gold prospect strategically located directly adjacent to the Galore Creek development project, held jointly by Teck and Newmont and placing it squarely within one of the most geologically validated copper-gold corridors in North America. The terrain is moderate and, other than the necessary completion of the Hwy 37 to Galore Creek access road which currently ends just 1.2 kms downslope from our Trek South field camp, access to Trek South and any potential future development that might stem from continued exploration success, would be relatively straight-forward.\"
Kevin Keough
Chief Executive Officer
Oreterra Metals Corp.
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Figure 1: Trek South Phase 1 drill hole locations on satellite image
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Figure 2: Trek South magnetic model (grey) with IP overlay (red)
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Figure 3: Interpreted lithologies and alteration overlay for Figure 2
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Qualified Person
The technical information in this news release has been reviewed and approved by John Biczok, P.Geo., Vice President, Exploration for Oreterra Metals Corp. and a Qualified Person as defined by National Instrument 43-101.
About Oreterra Metals Corp.
Oreterra Metals Corp. is a TSXV-listed mineral exploration company focused primarily on copper and gold. The Company holds several wholly-owned porphyry copper-gold prospects in British Columbia's Golden Triangle, the most significant of which is the large-scale Trek South prospect, only recently revealed by glacial ice melt, located adjacent to the southeast of Teck-Newmont's Galore Creek project. Additional wholly-owned Oreterra interests include two former producers in Nevada: the Kinkaid claims in the Walker Lane trend covering numerous shallow Au-Cu-Ag workings over what is believed to be one or more porphyry centres, and the Scossa mine property in the Sleeper trend which is a former high-grade gold producer. The Company also holds a 100% interest in the large-scale Lundmark-Akow Lake Au-Cu property adjacent to the northwest of the Musselwhite Mine, where drilling by the Company has produced highly encouraging, broad VMS-style Au-Cu intersections. Oreterra also retains an ongoing interest in several properties including a 2% NSR on McEwen Mining's Hislop gold property in Ontario and a 2% NSR on Enduro Metals' Newmont Lake Au-Cu-Ag property in BC. Technical presentations on each of the Kinkaid, Scossa and Lundmark-Akow Lake properties, authored by J. Biczok, P.Geo, are available at https://www.oreterra.com/investors.
For further information, please visit www.oreterra.com or contact:
| Kevin M. Keough Chief Executive Officer and Director Tel: 613 622-1916 Email: kkeough@oreterra.com | Stephen Burega President and Director Tel: 647 515-3734 Email: sburega@oreterra.com |
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.
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain \"forward-looking statements\" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as \"believes\", \"anticipates\", \"expects\", \"estimates\", \"may\", \"could\", \"would\", \"will\", or \"plan\". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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MIRAMICHI, NB / ACCESS Newswire / October 23, 2026 / SLAM Exploration Ltd. (TSXV:SXL)(OTCQB:SXLXF) ("SLAM" or the "Company") is pleased to announce that the Drill Team has mobilized to the Company's Moose Lake Gold-Antimony-Silver Project following completion of the 2026 Goodwin Copper-Nickel-Cobalt drill campaign. Two NQ diamond drill holes, ML26-01 and ML26-02 were drilled along the Moose Lake Fault Zone beneath antimony bearing trenches completed by the Company.
"Our trenching crews have exposed antimony mineralization at two separate occurrences along the Moose Lake Fault Zone, both being hosted within a silicified breccia," said Jimmy Gravel, President and CEO of SLAM. "At Moose Lake, we have antimony in trenches and outcrop over roughly 850 meters, and at Skull we see high-grade antimony sitting next to gold- and silver-rich quartz. With the Goodwin program complete, the rig has moved onto a fault system with known mineral occurrences that has seen little historical exploration or drilling".
Figure 1: Moose Lake Drilling: Left side highlighting visible stibnite mineralization within altered and silicified host rock. Right: Fault induced broken core with abundant quartz veining in a brecciated matrix from drillhole ML26-02.
![](\"https://app.accessnewswire.com/imagelibrary/a078b03c-1ee9-4ba0-8930-71267bfc6bf6/image.png\") | ![](\"https://app.accessnewswire.com/imagelibrary/92a10c9d-923e-4906-92d7-2a81e82251be/image.png\") |
Drilling has currently intersected faulted and brecciated altered rock containing visible pyrite, arsenopyrite and stibnite. A total of 224.5 core meters has been drilled over 2 core-holes with 145 samples collected for ICP-Multi element analysis and Gold Assay by Fire Assay. Assay results are currently pending. Both holes were collared near previously trenched areas exposing mineralized brecciated rock containing gold, silver, and antimony. Drill collar information is present in Table 1.
Table 1 Moose Lake 2026 Drill Collar Information
| Hole | Easting | Northing | Elevation (m) | Azimuth | Dip | Length (m) |
| ML26-01 | 697714 | 5231693 | 446 | 20° | -60° | 77.0 |
| ML26-02 | 697894 | 5231645 | 450 | 70° | -70° | 147.5 |
Coordinates are UTM NAD83 Zone 19, located by handheld GPS.
![](\"https://app.accessnewswire.com/imagelibrary/1ce4199a-d797-49b0-8fde-61ef9965c5fd/image.png\")
The drilling follows up on the 2026 trenching and sampling program, which exposed antimony, gold and silver mineralization at both the Skull and Moose Lake occurrences along the northwest-trending Moose Lake Fault Zone.
Highlights of the 2026 drilling program to date include:
"The initial observations from the Moose Lake drilling show that the brecciated, altered and stibnite-bearing rock we mapped in the trenches carries on below surface," said Jimmy Gravel, President and CEO of SLAM. "Both holes stayed in altered breccia with sulphides from near surface to the bottom of the hole, and ML26-02 was still in quartz veining with stibnite when ground conditions forced us to stop. With antimony in trenches over roughly 850 meters at Moose Lake and high-grade antimony next to gold- and silver-rich quartz at Skull, we look forward to the assay results from this fault system, which has seen very little drilling. Antimony is a critical mineral."
![](\"https://app.accessnewswire.com/imagelibrary/c529d001-317c-436f-a03e-fb0d654d043d/image.png\")
2026 Trenching and Sampling Results
Results for 61 grab samples have been received to date from the 2026 trenching and prospecting program: 47 samples (35 trench and 12 outcrop) from the Moose Lake occurrence and 14 trench samples from the Skull occurrence. Initial results from the Skull trenches were reported on September 22, 2026. Three Skull samples that originally reported above the antimony detection limit have since been re-analyzed using the Sb-ICP08 method and returned 3.73%, 1.38% and 1.14% Sb.
Table 2 Moose Lake Occurrence - Selected Trench and Outcrop Results
| Sample | Type | Easting | Northing | Gold g/t | Silver g/t | Antimony % |
| L458087 | Outcrop | 697886 | 5231651 | 0.126 | 1.9 | >1.00* |
| C960037 | Trench | 697607 | 5231765 | 0.005 | 1.1 | >1.00* |
| L458097 | Outcrop | 697842 | 5231683 | 0.091 | 2.0 | 0.938 |
| L458086 | Outcrop | 697882 | 5231651 | 0.057 | 0.9 | 0.824 |
| C960036 | Trench | 697652 | 5231741 | 0.005 | 0.3 | 0.810 |
| M188439 | Trench | 697893 | 5231650 | 0.031 | 0.7 | 0.741 |
| L458088 | Outcrop | 697935 | 5231645 | 0.031 | 1.2 | 0.536 |
| M188440 | Trench | 697912 | 5231645 | 0.020 | 1.8 | 0.518 |
| M188448 | Trench | 697767 | 5231695 | 0.735 | 13.6 | 0.0379 |
Table 3 Skull Occurrence - Selected Trench Results (Antimony > 1.0% updated by Sb-ICP08)
| Sample | Type | Easting | Northing | Gold g/t | Silver g/t | Antimony % |
| L458064 | Trench | 694563 | 5233242 | 0.048 | 7.5 | 3.73 |
| L458052 | Trench | 694550 | 5233269 | 0.013 | 2.4 | 1.38 |
| L458051 | Trench | 694553 | 5233264 | 0.017 | 1.1 | 1.14 |
| L458057 | Trench | 694699 | 5233169 | 1.965 | 39.6 | 0.0232 |
| L458056 | Trench | 694702 | 5233173 | 1.090 | 73.5 | 0.0261 |
| L458058 | Trench | 694775 | 5233142 | 1.330 | 37.9 | 0.0172 |
| L458059 | Trench | 694764 | 5233120 | 0.227 | 60.7 | 0.0145 |
*Easting and Northing are UTM coordinates in meters. Grab samples are selective by nature and may not be representative of the mineralization hosted on the property.
The Skull and Moose Lake trench areas are approximately 3.5 kilometers apart along the Moose Lake Fault Zone, which hosts three known antimony occurrences (Skull, Moose Lake and Stewart) over approximately 4.7 kilometers.
Geology of the Moose Lake Project
Located in the Bathurst Mining Camp, the Moose Lake Project covers three epithermal gold-antimony occurrences, the Skull, Moose Lake and Stewart, which are spatially associated with the northwest-trending regional Moose Lake Fault Zone and are spread along approximately 4.7 kilometers. The fault appears to act as a pathway for epithermal fluids, containing highly silicified breccia zones cut by quartz veining with visible stibnite and arsenopyrite. The breccia zones are commonly found along the contacts between sedimentary and granitic rocks.
At the Moose Lake occurrence, mineralization is hosted by a siliceous breccia composed of creamy, pale green cherty and steel-grey siliceous fragments in a fine-grained, grey to dark grey siliceous matrix, locally cut by quartz-vein stockwork. Stibnite occurs as disseminations, blebs, stringers and needles with arsenopyrite, together with minor pyrite and chalcopyrite. The mineralized breccia is accompanied by clay alteration and iron-carbonate alteration that weathers to distinctive yellow, orange and brown surfaces, and is locally in contact with fault gouge.
At the Skull occurrence, mineralization is hosted by smoky grey quartz and quartz breccia within silicified sedimentary rocks and possible felsic tuff-breccia, with iron-carbonate alteration on weathered surfaces. Mineralized horizons measured in the trenches are 20 to 30 centimeters wide, strike between 100° and 108° and dip steeply at approximately 80°, sub-parallel to the trend of the Moose Lake Fault Zone.
Mineralization Trends Along the Moose Lake Fault Zone
Initial results from the 2026 drill program outline several trends that will guide further exploration activities along the project:
Assay results from the 2026 trenching program have not only provided anomalous targets for drilling, but have identified the potential for metal zoning:
The Project covers 3,895 hectares, is road-accessible and is in close vicinity to SLAM's Goodwin Copper-Nickel-Cobalt Project. The mineral occurrences and claim boundaries for the Slacks Lake-Moose Lake project and for the Goodwin Copper-Nickel-Cobalt project are shown on Figure 2. Mineral occurrences and deposits are shown as yellow stars. The Moose Lake Fault Zone also transects the southern projection of the Goodwin claim group.
![](\"https://app.accessnewswire.com/imagelibrary/46dbc00a-b571-4572-b603-f6e924a76b41/image.png\")
Next Steps
The drilling campaign is designed to test the continuity of the antimony-gold-silver mineralization exposed in the 2026 trenches below surface and along strike. Assay results from ML26-01 and ML26-02 will be integrated with the trenching results to guide follow-up drilling, including drilling beneath the high-grade antimony and gold-silver trenches at Skull to test the metal zoning observed at surface, and further testing of the approximately 850-meter antimony-bearing breccia at the Moose Lake occurrence. Results will be used to refine the structural model for the Moose Lake Fault Zone and to prioritize targets along the remainder of the 4.7-kilometer trend, including the Stewart occurrence.
The Moose Lake project was acquired through an option agreement dated March 30, 2026, as announced April 07, 2026.
Goodwin Project
The rig moved to Moose Lake after the Company completed 19 NQ-sized diamond drill holes totaling 3,349 core meters on the Goodwin copper-nickel-cobalt project between June and October 5th, 2026. A total of 235 assay results are pending at the time of this release for holes GW26-37 to GW26-43. Current highlights include 29.85 core meters grading 0.968% Cu-Eq 95% in hole GW26-29, 14.45 core meters grading 1.533% Cu-Eq 95% in hole GW26-33, and a new sulphide discovery in hole GW26-36 grading 0.448% Cu-Eq 95% over 42.5 core meters, located 2,000 meters northwest of the Logan zone. Cu-Eq 95% is calculated from recovered grades using a 95% recovery rate and metal prices for copper, nickel and cobalt published October 7, 2026, on Daily Metal Price.
Exploration, Mining, and Petroleum Conference - EMP 2026
SLAM is excited to be taking part in the 51st annual Exploration, Mining, and Petroleum (EMP) Conference, hosted by the New Brunswick Department of Natural Resources. The conference runs from October 25th-27th, 2026 at the Delta Hotel by Marriott in Fredericton. The Company will be exhibiting at the conference trade show, with attendees encouraged to visit the booth to meet the SLAM team, and discuss the Company's exploration portfolio in New Brunswick, including the Moose Lake and Goodwin Projects. Mike Taylor, Chairman of the Board will also provide a company presentation on October 26th, 2026, at 11:48 AM; discussing the recent drilling and exploration successes.
Qualifying Statement
Mike Taylor, P.Geo., Chairman of the Board of SLAM Exploration Ltd., is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the contents of this news release.
Sampling and QA/QC Procedures
Moose Lake drill core is NQ size and was logged by SLAM geologists. After logging, samples were sawn using a diamond blade. Sawn half-core samples were numbered, collected in bags, tagged, and delivered to ALS Chemex laboratory (ALS) in Moncton. ALS will perform multi-element analysis using ME-ICP41 and Gold Assay by Fire Assay. Quality control samples, comprising certified reference standards and blanks, were inserted at regular intervals in accordance with industry-standard protocols. All samples were collected, labelled and sealed by SLAM field personnel. Core is stored securely at the Company's core logging facility in Bathurst.
The Moose Lake trenching samples are collected from trenches and outcrops by SLAM field personnel. All samples were collected, labelled and sealed by SLAM field personnel then shipped to ALS Chemex laboratory (ALS) in Moncton. ALS will perform multi-element analysis using ME-ICP41 and Gold Assay by Fire Assay. Grab samples are selective by nature and the values reported may not be representative of the mineralization on the property. Additional assay results will be reported in subsequent news releases as they are received.
About SLAM Exploration Ltd.
SLAM Exploration Ltd. is a publicly listed resource company with a 40,000-hectare portfolio of mineral claim holdings in the mineral-rich province of New Brunswick. The portfolio is built around the Goodwin Copper Nickel Cobalt project in the Bathurst Mining Camp ("BMC") of New Brunswick. The Company also holds the Jake Lee gold project, where a new gold vein discovered in 2025 has returned up to 40.5 g/t gold and 63.30 g/t silver from channel samples, and the Menneval gold project, where a soil anomaly measuring approximately 3,000 by 2,500 meters has returned gold-bearing samples up to 0.683 g/t gold.
SLAM is a project generator and expects to receive further cash and share payments in 2026. In 2025, the Company received 1,200,000 shares plus cash from Nine Mile Metals Inc. (NINE) pursuant to the Wedge project agreement, and a cash payment of $60,000 plus 180,000 shares of a private company pursuant to the Ramsay gold agreement. The Company holds NSR royalties and expects additional cash and share payments on both the Wedge copper-zinc project and the Ramsay gold project.
To view SLAM's corporate presentation, click here. Additional information is available on SLAM's website and on SEDAR+ at www.sedarplus.ca. Follow SLAM on X @SLAMGold, and join the Company newsletter here to receive timely company updates and news releases.
Contact Information
Jimmy Gravel, President & CEO
902-273-2387 · jimmy@slamexploration.com
Mike Taylor, Chairman of the Board
506-623-8960 · mike@slamexploration.com
SEDAR+: 00012459
Forward-Looking Statements
This news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian securities laws. Forward-looking statements are not historical facts but instead represent management's expectations, estimates and projections regarding future events or circumstances, and are often identified by words such as "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential," "may," "could," "would," "might," or "will," and similar expressions.
Forward-looking statements in this news release include, but are not limited to, statements regarding: the interpretation of drilling, trenching, sampling and till geochemical data at the Moose Lake and Slacks Lake properties; the inferred continuity of mineralization at depth and along strike of the Moose Lake Fault Zone, including toward the Stewart occurrence and the Slacks Lake claims; the potential for metal zoning and the Company's plans to test it; the anticipated receipt, timing and significance of pending assay results from Moose Lake and Goodwin; the scope and timing of follow-up drilling and other exploration; the Company's ability to satisfy the terms of the Moose Lake option agreement; copper-equivalent grades, including the recovery and metal price assumptions used to calculate them; and the significance of antimony as a critical mineral.
Forward-looking statements are based on assumptions that management believes are reasonable, including that geological interpretations, including interpretations based on visual observations of drill core, are reasonable; that pending assay results will be received within anticipated timeframes; that the assumed 95% recovery rate and the metal prices used in copper-equivalent calculations are reasonable for exploration purposes; that the Company will satisfy its obligations under the Moose Lake option agreement; that drilling and field programs can be carried out as planned despite ground and weather conditions; that contractors, equipment and personnel will be available on acceptable terms; that commodity prices, including antimony prices, will remain supportive; and that permits, approvals, Indigenous consultation and access rights will be obtained or completed in a timely manner.
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied, including the speculative nature of mineral exploration; the risk that exploration results, including pending assay results, may not confirm historical data or current interpretations; the risk that visual observations of sulphide mineralization are not confirmed by assay results; adverse ground, weather and seasonal conditions; the absence of metallurgical testwork supporting assumed recoveries; failure to satisfy the terms of the Moose Lake option agreement; volatility and limited market liquidity for antimony; uncertainty regarding the continuity, grade and extent of mineralization; delays or changes to exploration programs; availability and cost of labour, equipment and contractors; fluctuations in commodity prices; availability of financing on acceptable terms; regulatory, environmental and permitting risks; operating hazards; and general economic, market and business conditions. Additional risk factors are described in the Company's most recently filed Management's Discussion and Analysis and other continuous disclosure documents available under the Company's profile on SEDAR+.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
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.
SOURCE: SLAM Exploration Ltd.
Vancouver, British Columbia--(Newsfile Corp. - October 22, 2026) - Dryden Gold Corp. (TSXV: DRY) (OTCQX: DRYGF) (FSE: X7W) (\"Dryden Gold\" or the \"Company\") is pleased to announce additional assays results from the ongoing drill campaign at the Gold Rock Gold System (\"Gold Rock\"). Since the initial drill program, completed in 2024, Gold Rock has grown from three widely spaced parallel mineralized structures to a robust gold system with 15 mineralized structures over a kilometer in width and two kilometers in strike length (Figures 1 & 2). Gold Rock remains open in all directions. The system features different styles of gold mineralization including high-grade free gold in quartz veins with lower grade halos, wide shear structures with disseminated sulphides and sheared basalts.
Discovery of new parallel structures within this system adds an additional area of potentially minable ounces within the existing footprint. Recent results include Hole DGR-078 which intersected a new mineralized structure assaying 8.57g/t gold over 1.10 meters, less than 20 meters from known mineralization. Hole DGR-087 was a step out of over 400 meters on strike and returned 3.23 g/t gold over 1.60 meters. New high-grade results from the Elora Hanging Wall area returned 12.62 g/t gold over 1.85 meters including 54.40 g/t over 0.40 meters at approximately 160 meters true depth.
Maura Kolb, M.Sc., P.Geo, Dryden's President commented, \"We continue to discover additional mineralized structures at Gold Rock with nearly every exploration hole. Investors should recognize the significant evolution of the Gold Rock Gold System. What was initially interpreted as a relatively narrow, high-grade vein system is emerging as a much more extensive gold system with open-pit potential, while continuing to demonstrate numerous high-grade zones. Our current objective is to fill in the Gold Rock Gold System where the drilling is sparse, an area we have often referred to as the \"Gap\". We believe that expanding and infilling the Gold Rock System will continue to add ounces to this near surface footprint.\"
![\"Cannot](\"https://images.newsfilecorp.com/files/9776/320329_f1c2ffe2640f0819_001full.jpg\")
Figure 1: Gold Rock Gold System. Plan View - contoured long section with assay composites and drill traces.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9776/320329_f1c2ffe2640f0819_001full.jpg
![\"Cannot](\"https://images.newsfilecorp.com/files/9776/320329_f1c2ffe2640f0819_002full.jpg\")
Figure 2: Gold Rock Gold System Model
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9776/320329_f1c2ffe2640f0819_002full.jpg
Link to 3-D Interpretation of Mineralized Structure
Link to 3-D Grade-width Contoured Long Sections
Table 1: Highlights from new drilling at Gold Rock
| Highlight Table | |||||||
| Structure | Area | Drillhole | From | To | Length (m)* | Grade (g/t Au) | |
| BM FW4 | Gap | DGR-078 | 210.90 | 212.00 | 1.10 | 8.57 | |
| BM1 | Sparrow | DGR-081 | 178.00 | 188.00 | 10.00 | 0.54 | |
| including | 180.00 | 181.00 | 1.00 | 2.05 | |||
| HW1 | Gap | DGR-082 | 277.65 | 279.50 | 1.85 | 12.62 | |
| including | 278.15 | 278.55 | 0.40 | 54.40 | |||
| BM1 | North | DGR-087 | 149.60 | 151.20 | 1.60 | 3.23 | |
| BM2 | Treasure | DGR-090 | 179.50 | 189.00 | 9.50 | 2.07 | |
| including | 184.00 | 184.85 | 0.85 | 6.70 | |||
| and including | 187.50 | 188.00 | 0.50 | 5.24 | |||
| BM1 | Barrelman | DGR-090 | 332.00 | 362.00 | 30.00 | 0.25 | |
| including | 332.00 | 344.00 | 12.00 | 0.34 | |||
| and including | 357.00 | 362.00 | 5.00 | 0.46 |
*Reported intervals are drilled core lengths, true width is unknown, assay values are uncut
For full list of assay results and additional technical information, please click the link here
Qualified Person
The technical disclosure in this news release has been reviewed and approved by Maura Kolb, M.Sc., P. Geo., President of Dryden Gold and a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators. Kolb has reviewed the drill results for reported intercepts, the analytical data and associated quality control results.
Analytical Laboratory and QA/QC Procedures
The Company is drilling NQ size core. Samples are cut in half, with half going to the lab for analysis and half kept as a record. True thickness/widths of the mineralization is unknown, result intervals are reported as the drilled core lengths unless otherwise stated. All sampling completed by Dryden Gold Corp. within its exploration programs is subject to a Company standard of internal quality control and quality assurance (QA/QC) programs which include the insertion of certified reference materials, blank materials, and a level of duplicate analysis. Core samples for the holes reported in today's release were transported by Dryden personal directly to Activation Laboratories, with sample preparation and analysis in Dryden, where they were processed for gold analysis by 50-gram fire assay with an atomic absorption finish and over limits determined by Fire Assay with a gravimetric finish. Select samples were analyzed using metallic screens. Activation Laboratories systems conform to requirements of ISO/IEC Standard 17025 guidelines and meet the assay requirements outlined for NI 43-101 compliance.
ABOUT DRYDEN GOLD CORP.
Dryden Gold is an exploration company focused on the discovery of high-grade gold mineralization listed on the TSX Venture Exchange (\"DRY\"), traded on the OTCQX (\"DRYGF\") and FSE (\"X7W\"). The Company has a strong management team and Board of Directors comprised of experienced individuals with a track record of building shareholder value through property acquisition and consolidation, exploration success, and mergers and acquisitions. Dryden Gold controls 100% interest in mining claims in a dominant strategic land position in the Dryden District of Northwestern Ontario. The property hosts high-grade gold mineralization over 50km of potential strike length along the Manitou-Dinorwic deformation zone. The property has excellent infrastructure, enjoys collaborative relationships with First Nations communities and benefits from proximity to an experienced mining workforce. Dryden Gold is committed to building respectful, collaborative relationships with Indigenous Nations and communities throughout our area of operations. We recognize the importance of ongoing dialogue, mutual understanding, and meaningful engagement as we advance our exploration activities.
For more information go to our website www.drydengold.com.
CONTACT INFORMATION
| Trey Wasser, CEO Email: twasser@drydengold.com Phone: 940-368-8337 Ashley Robinson Director of Corporate Communications Email: ir@drydengold.com Phone: 604-764-7493 | Maura Kolb, M.Sc. P. Geo., President Email: mjkolb@drydengold.com Social: Linktree Website: www.drydengold.com |
Cautionary Note Regarding Forward-Looking Statements
The information contained herein contains \"forward-looking statements\" within the meaning of applicable securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: receipt of corporate and regulatory approvals, issuance of common shares; future development plans; and the business and operations of Dryden Gold. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable which include the number of metres of drilling the company may complete in 2026 and the timing of certain exploration programs during the coming year. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often but not always using phrases such as \"expects\", or \"does not expect\", \"is expected\", \"anticipates\" or \"does not anticipate\", \"plans\", \"budget\", \"scheduled\", \"forecasts\", \"estimates\", \"believes\" or \"intends\" or variations of such words and phrases or stating that certain actions, events or results \"may\" or \"could\", \"would\", \"might\" or \"will\" be taken to occur or be achieved) are not statements of historical fact and may be \"forward-looking statements.\" Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings including receipt of TSX Venture Exchange approval for the offering; risks related to environmental regulation and liability; the potential for delays in exploration or development activities; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in Dryden Gold's and the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and Dryden Gold and the Company do not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from Dryden Gold's and the Company's expectations or projections.
![\"Corporate](\"https://images.newsfilecorp.com/files/9776/320329_f1c2ffe2640f0819_logo.jpg\"){kind=logo}
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HIGHLIGHTS
Québec City, Québec--(Newsfile Corp. - October 21, 2026) - Scandium Canada Ltd. (TSXV: SCD) (the \"Company\") is pleased to announce the completion of its 2026 diamond drilling campaign at the Crater Lake scandium mining project in Nunavik, Québec. From June 26 to mid-October, 49 holes totalling 10,018 metres were drilled, approximately two and a half times the length of the program volume initially planned in early 2026.
The campaign overdelivered on every objective set for the campaign, as shown in Table 1 below. All results, including pending assays, will be incorporated in the updated NI 43-101 mineral resource estimate to be released before the end of 2026.
Table 1: 2026 drilling campaign targets vs results
| 2026 Campaign Objectives | Campaign targets | Delivered | Overdelivery (vs. original targets) |
| Total metres and drill holes | 4,000 metres (16 holes) | 10,018 metres (49 holes) | 2.5x more |
| Bulk sample for metallurgical test work | 8 to 10 tonnes | 15 tonnes | 1.5x more |
| TG deposit's prospective footprint extension | +200 metres (from 700 m to 900 m) | +485 metres (700 m to 1.2 km) | 2.4x more |
| Exploration Drilling | Discovery Area only | 8 holes on 3 target areas (Discovery, North Zone, New East Zone) | 3x more |
Not initially planned: the discovery of a new parallel zone, identified about 140 metres east of the TG deposit, with at least 500 metres of strike length, within the limits of the 2025 Pit Shell Design. Assays results are still pending. (Source: October 14, 2026 press release)
Quotes
\"This campaign has been exceptional for Scandium Canada! The results are expected to materially enhance the understanding of the Crater Lake deposit relative to the 2025 Mineral Resource Estimate; the results will feed the updated resource estimate expected before the end of 2026 and will be the foundation of our early 2027 preliminary economic assessment. This brings Scandium Canada closer to the promise we make to Western end users of scandium: developing North America's only vertically integrated primary source of scandium,\" said Simon Thibault, President and CEO, Scandium Canada and President, Scalium+. \"This important campaign will strengthen the base of the vertically integrated scandium chain we are building, from the aluminium-scandium alloys Scalium+ brings to market today to the mine we are developing at Crater Lake.\"
\"We have overdelivered on every single objective we set out before launching the campaign in June 2026,\" said Guy Bourassa, Director and Strategic Advisor to Management, Scandium Canada. \"I want to sincerely thank the Laurentia Exploration team, who managed this incredible campaign, the teams who worked diligently, our two esteemed Inuit employees, and the First Nations representatives who we had the pleasure to host on site to showcase this exciting project.\"
DRILLING RESULTS
Of the 49 holes drilled in 2026:
Table 2 below presents the results of 15 new holes since August 26, 2026; assays for four holes (CL26090, CL26096, CL26097 and CL26098) are pending.
Note: Hole CLB26081 is included to correct an intersection length reported on September 23.
The last six bulk sample holes all returned averages between 200 and 340 ppm Sc₂O₃ over 20 to 83 metres, in alignment with the 2025 mineral resource estimate.
Among the extension and exploration holes, CL26088 returned 31.1 metres at 307 ppm, CL26099 returned 78.0 metres at 187 ppm, including 7.5 metres at 464 ppm, and CL26094 intersected five zones down to 240 metres.
Table 2: Weighted average scandium oxide (Sc₂O₃) significant assay results, composite intervals
| Hole Number | Zone | From (m) | To (m) | Downhole drill core length (m) * see note | Sc₂O₃ (ppm) |
| CLB26081 | 1 | 25.85 | 78.65 | 52.8 | 262.91 |
| 2 | 151.2 | 198 | 46.8 | 225.46 | |
| CLB26082 | 1 | 25.50 | 74.75 | 49.25 | 281.02 |
| 2 | 99.40 | 129.50 | 30.10 | 208.09 | |
| Including | 113.05 | 119.30 | 6.25 | 328.41 | |
| 3 | 137.20 | 152.70 | 15.50 | 234.35 | |
| 4 | 157.50 | 172.20 | 14.70 | 211.78 | |
| CLB26083 | 1 | 43.60 | 58.50 | 14.90 | 211.81 |
| 2 | 76.00 | 90.00 | 14.00 | 252.81 | |
| 3 | 94.30 | 132.75 | 38.45 | 277.67 | |
| 4 | 146.00 | 154.65 | 8.65 | 201.46 | |
| CLB26084 | 1 | 14.00 | 23.45 | 9.45 | 256.38 |
| 2 | 43.80 | 97.85 | 54.05 | 269.78 | |
| Including | 54.00 | 57.00 | 3.00 | 338.15 | |
| CLB26085 | 1 | 12.30 | 95.00 | 82.70 | 253.06 |
| Including | 18.80 | 25.70 | 6.90 | 336.12 | |
| CLB26086 | 1 | 42.50 | 95.70 | 53.20 | 289.94 |
| Including | 44.50 | 66.50 | 22.00 | 328.36 | |
| 2 | 144.80 | 162.00 | 17.20 | 219.64 | |
| CLB26087 | 1 | 40.20 | 62.60 | 22.40 | 233.32 |
| 2 | 68.85 | 88.50 | 19.65 | 297.35 | |
| CL26088 | 1 | 17.65 | 48.70 | 31.05 | 306.52 |
| 2 | 84.10 | 126.00 | 41.90 | 266.40 | |
| 3 | 144.00 | 162.00 | 18.00 | 183.77 | |
| CL26089 | 1 | 25.50 | 39.00 | 13.50 | 140.95 |
| 2 | 43.05 | 58.25 | 15.20 | 252.94 | |
| CL26090 | Assays Pending | ||||
| CL26091 | 1 | 12.00 | 15.10 | 3.10 | 295.55 |
| 2 | 34.00 | 55.00 | 21.00 | 129.40 | |
| 3 | 78.55 | 91.85 | 13.30 | 177.57 | |
| Including, and | 81.30 | 84.10 | 2.80 | 253.53 | |
| Including | 87.50 | 88.50 | 1.00 | 325.19 | |
| CL26092 | 1 | 20.50 | 39.80 | 19.30 | 292.20 |
| Including | 20.50 | 26.50 | 6.00 | 339.76 | |
| 2 | 86.35 | 144.00 | 57.65 | 204.68 | |
| 3 | 164.00 | 186.50 | 22.50 | 218.34 | |
| CL26093 | 1 | 90.00 | 96.80 | 6.80 | 272.40 |
| 2 | 92.20 | 96.00 | 3.80 | 322.16 | |
| 3 | 112.00 | 126.00 | 14.00 | 103.87 | |
| CL26094 | 1 | 15.00 | 29.00 | 14.00 | 172.59 |
| Including, and | 23.40 | 25.85 | 2.45 | 344.44 | |
| Including | 83.30 | 91.00 | 7.70 | 240.52 | |
| 2 | 131.00 | 149.15 | 18.15 | 171.86 | |
| 3 | 150.80 | 176.45 | 25.65 | 206.84 | |
| 4 | 209.75 | 212.50 | 2.75 | 264.67 | |
| 5 | 221.50 | 240.00 | 18.50 | 191.84 | |
| Including | 224.00 | 233.45 | 9.45 | 254.72 | |
| CL26096 | Assays Pending | ||||
| CL26097 | Assays Pending | ||||
| CL26098 | Assays Pending | ||||
| CL26099 | 1 | 46.00 | 124.00 | 78.00 | 186.91 |
| Including | 46.50 | 54.00 | 7.50 | 463.61 | |
| 2 | 82.85 | 89.00 | 6.15 | 225.58 | |
| Including | 82.85 | 83.40 | 0.55 | 986.30 | |
| 3 | 97.00 | 109.00 | 12.00 | 183.56 | |
| 4 | 205.00 | 212.75 | 7.75 | 194.71 | |
| Including | 208.50 | 210.00 | 1.50 | 313.53 | |
| 5 | 215.50 | 252.00 | 36.50 | 160.04 | |
| Including | 216.65 | 217.15 | 0.50 | 631.97 | |
| 6 | 236.00 | 252.00 | 16.00 | 162.05 | |
| CL26100 | 1 | 16.80 | 39.00 | 22.20 | 138.97 |
| 2 | 88.90 | 90.50 | 1.60 | 223.85 | |
| 3 | 93.60 | 96.55 | 2.95 | 128.17 | |
| 4 | 98.90 | 102.20 | 3.30 | 192.46 | |
| 5 | 108.55 | 110.10 | 1.55 | 187.43 | |
| CL26102 | 1 | 13.05 | 14.90 | 1.85 | 171.13 |
| 2 | 20.50 | 28.00 | 7.50 | 111.51 | |
| 3 | 65.00 | 80.00 | 15.00 | 104.16 | |
| 4 | 87.60 | 90.65 | 3.05 | 141.22 | |
| 5 | 120.00 | 123.00 | 3.00 | 142.65 | |
| 6 | 124.15 | 127.90 | 3.75 | 109.56 |
* All intervals are downhole drill core lengths; true thicknesses have not been determined.
Note: All assay results of the 2026 drilling campaign, as well as the sections, long section and surface maps, will be available at https://scandium-canada.com/crater-lake starting October 23, 2026. The webpage will then be updated as additional results are received from the laboratory, which are expected before the end of November 2026.
The figure 1 below shows the location of all the drill holes completed in 2026.
![\"Cannot](\"https://images.newsfilecorp.com/files/12191/320144_b4962309548019b1_002full.jpg\")
Figure 1: Location map of the 2026 Crater Lake drill holes on the 2026 MAG base.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12191/320144_b4962309548019b1_002full.jpg
Sampling, analysis, quality assurance and quality control (QA/QC)
Strict QA/QC procedures, compliant with the disclosure requirements of National Instrument 43-101 and with industry best practice, were applied to sample handling for the Crater Lake project, including the insertion of certified reference materials (standards), duplicates and blanks at regular intervals through the sequence of samples. A total of 6,600 drill core samples, and 607 QA-QC samples, including 2,431 drill core samples and 195 QAQC samples from the Bulk Sample (CLB-26) drillholes; and, 4,169 core samples and 412 QAQC samples from the Resource & Exploration drillholes were sent to Activation Laboratories Ltd. The QAQC samples are made up of OREAS certified standards and blanks. All sample preparation and analytical work was carried out at its facilities in Ancaster, Ontario. Several analytical techniques were used to characterize the samples, which Actlabs combines in the analytical package \"8-REE\". The package covers whole-rock and trace element analysis. Whole-rock analyses are performed by lithium metaborate/tetraborate fusion with an inductively coupled plasma (ICP) finish. Trace elements are also analyzed by fusion ICP/MS.
Qualified Person
The scientific and technical information contained in this press release has been reviewed and approved by Eric Kinnan, P.Geo. (OGQ No. 00788), an independent consulting geologist and a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Kinnan has reviewed the data disclosed herein and has verified the information through examination of the project database, geological records, assay certificates, and the applicable quality assurance and quality control (QA/QC) protocols and procedures.
About Scandium Canada Ltd.
Scandium Canada (TSXV: SCD) is a critical advanced materials company developing North America's only vertically integrated primary source of scandium, from its Crater Lake project in Nunavik, Québec, to aluminum-scandium (Al-Sc) alloy products. Through Scalium+, its wholly owned commercialization subsidiary, the Company brings proprietary, patent-pending Al-Sc alloys and the Scalium® line of alloys and technologies to market today, while advancing the Crater Lake mining project for the future. This dual-engine strategy positions Scandium Canada to anchor a secure, resilient North American scandium supply chain and to shape the future of lighter, stronger and longer-lasting materials for advanced manufacturing end users, while committing itself to building a more responsible economy through innovation and agility.
Forward-looking statements
This news release contains forward-looking information within the meaning of applicable Canadian securities laws, including, without limitation, statements regarding the results and the completion of the 2026 drilling program, the receipt and timing of pending assay results, the extension of the TG deposit footprint and the new parallel zone identified east of the TG deposit, the completion and timing of an updated mineral resource estimate, the preparation and timing of a preliminary economic assessment, the metallurgical test work and a future feasibility study, the commercialization of the Company's aluminum-scandium alloys through Scalium+, the development of an integrated scandium supply chain from the resource to end applications, and, generally, the above \"About Scandium Canada Ltd.\" paragraph which essentially describes the Company's outlook.
Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company at the time such statements are made, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements, and future events could differ materially from those anticipated in such statements. A description of the assumptions used to develop such forward-looking information and a description of the risk factors that may cause actual results to differ materially from forward-looking information can be found in the Company's disclosure documents on the SEDAR+ website at www.sedarplus.ca.
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management's endeavours to develop the Crater Lake project and, more generally, its expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements, as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our other filings with the securities regulators of Canada. The Company disclaims any intention or obligation to update or revise any forward-looking statement or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.
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.
FOR FURTHER INFORMATION, PLEASE CONTACT:
| Scandium Canada Ltd. Arnaud Bourassa Francoeur Director, Communications and Marketing Telephone: +1 (418) 609-4900 Email: info@scandium-canada.com | Website: www.scandium-canada.com LinkedIn: Scandium Canada Ltd. X: @ScandiumCanada Facebook: Scandium Canada Instagram: @scandiumcanada |
![\"Corporate](\"https://images.newsfilecorp.com/files/12191/320144_b4962309548019b1_logo.jpg\"){kind=logo}
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/320144
TORONTO, ON / ACCESS Newswire / October 21, 2026 / Nine Mile Metals Ltd. (CSE:NINE)(OTCQB:VMSXF)(FSE:KQ9) (the "Company" or "Nine Mile") is pleased to announce assay results for DDH WD-26-18 at the Wedge VMS Project in the Bathurst Mining Camp, New Brunswick.
![](\"https://app.accessnewswire.com/imagelibrary/4be115d5-e784-4bd5-9071-409f547bce1a/image.png\")
DDH WD-26-18 was collared along the northeast edge of our drill pattern, (oriented at 145°, angled -50° below horizontal), to a depth of 302 meters.
Collared in felsic volcanics, sulphide mineralogy was first intersected between 44.6 and 47.0 meters with pyrite and minor chalcopyrite continuing to 128.1 meters followed by a 2.6-meter transition consisting of 15 - 20% pyrite in a soft, black chloritic matrix followed by very fine grained to cherty felsic volcanics. Between 130.7 and 142.35 fine grained, pyritic massive sulphide was intersected characterized by pyrite, chalcopyrite, local sphalerite and galena bands in addition to minor bornite / covellite along fractures. At the base of the section, interbedded graphitic sediments and mafic volcanics continue to the end of the drill hole. The intersections reported are of true widths.
Gary Lohman, P.Geo., VP Exploration and Director, stated, "As we drilled from the north along the eastern edge of the drill pattern, we continue to extend the footprint of the mineralization previously intersected in drill holes WD-24-02, WD-24-04, WD-24-05, WD-24-06 and WD-24-07. WD-26-18 best demonstrates the very high grade, multi-element nature of this deposit. We have some outstanding traditional VMS mineralization. The 11.65m massive sulphide intersection averaged 7.13% Cu-Eq, with a 6.70m core of 9.93% Cu-Eq in which every sample exceeded 8.4% Cu-Eq, carrying 71 to 136 g/t silver and 1.16 to 2.40 g/t gold. Silver and gold together account for roughly a third of the in situ value, so the Cu-Eq calculation benefits from both the base and precious metals in the VMS horizon. The 31.50m of copper stringer mineralization above the lens is also encouraging, as stringer zones of this type typically sit close to the feeder system of a VMS deposit. With BHEM surveying scheduled, follow-up drilling will test the extent of this lens along strike and at depth."
![](\"https://app.accessnewswire.com/imagelibrary/672a297f-0c5b-4c4a-bbee-362d933d1297/image20261021040125ag0uv6.jpeg\")
FIGURE 1: Sample #396690 (101 g/t Ag, 2.17 g/t Au, 6.83% Cu, 0.36% Pb, 0.35% Zn) 10.74% Cu-Eq
Bornite & Covellite
TABLE 1 · DDH WD-26-18 CERTIFIED ASSAYS - (SAMPLE BY SAMPLE)
From (m) | To (m) | Width (m) | Sample # | Silver (g/t) | Gold (g/t) | Copper (%) | Lead (%) | Zinc (%) | Copper- Eq. (%) |
|---|---|---|---|---|---|---|---|---|---|
25.80 | 27.30 | 1.50 | 396630 | 1 | 0.03 | 0.05 | 0.01 | 0.05 | 0.11% |
27.30 | 28.80 | 1.50 | 396631 | 1 | 0.02 | 0.04 | 0.00 | 0.03 | 0.08% |
28.80 | 30.20 | 1.40 | 396632 | <1 | 0.01 | 0.00 | 0.00 | 0.03 | 0.03% |
30.20 | 31.50 | 1.30 | 396633 | 1 | 0.02 | 0.04 | 0.00 | 0.04 | 0.09% |
31.50 | 34.60 | 3.10 | N/S | ||||||
34.60 | 36.10 | 1.50 | 396634 | <1 | 0.02 | 0.00 | 0.00 | 0.03 | 0.03% |
36.10 | 37.60 | 1.50 | 396635 | 1 | 0.02 | 0.02 | 0.00 | 0.03 | 0.07% |
37.60 | 44.60 | 7.00 | N/S | ||||||
44.60 | 45.60 | 1.00 | 396636 | 2 | 0.06 | 0.32 | 0.00 | 0.06 | 0.44% |
45.60 | 47.00 | 1.40 | 396637 | 1 | 0.04 | 0.03 | 0.01 | 0.16 | 0.13% |
47.00 | 48.00 | 1.00 | 396638 | 1 | 0.04 | 0.03 | 0.00 | 0.10 | 0.12% |
48.00 | 49.00 | 1.00 | 396639 | <1 | 0.03 | 0.08 | 0.00 | 0.04 | 0.13% |
49.00 | 68.50 | 19.50 | N/S | ||||||
68.50 | 70.00 | 1.50 | 396641 | 1 | 0.03 | 0.19 | 0.00 | 0.02 | 0.25% |
70.00 | 71.50 | 1.50 | 396642 | 1 | 0.03 | 0.22 | 0.00 | 0.06 | 0.28% |
71.50 | 73.00 | 1.50 | 396643 | 1 | 0.02 | 0.19 | 0.00 | 0.19 | 0.29% |
73.00 | 74.50 | 1.50 | 396644 | 2 | 0.05 | 0.59 | 0.00 | 0.16 | 0.72% |
74.50 | 76.00 | 1.50 | 396645 | 1 | 0.05 | 0.41 | 0.00 | 0.07 | 0.50% |
76.00 | 77.50 | 1.50 | 396646 | 1 | 0.03 | 0.33 | 0.00 | 0.09 | 0.40% |
77.50 | 79.00 | 1.50 | 396647 | 1 | 0.03 | 0.43 | 0.00 | 0.18 | 0.52% |
79.00 | 80.50 | 1.50 | 396648 | 1 | 0.02 | 0.40 | 0.00 | 0.15 | 0.48% |
80.50 | 82.00 | 1.50 | 396649 | 1 | 0.03 | 0.13 | 0.00 | 0.04 | 0.19% |
82.00 | 83.50 | 1.50 | 396650 | 1 | 0.03 | 0.22 | 0.00 | 0.10 | 0.29% |
83.50 | 85.00 | 1.50 | 396651 | 2 | 0.04 | 0.53 | 0.02 | 0.24 | 0.67% |
85.00 | 86.50 | 1.50 | 396652 | 1 | 0.03 | 0.14 | 0.00 | 0.07 | 0.20% |
86.50 | 88.00 | 1.50 | 396653 | 1 | 0.04 | 0.08 | 0.00 | 0.05 | 0.15% |
88.00 | 89.50 | 1.50 | 396654 | 2 | 0.04 | 0.43 | 0.01 | 0.15 | 0.55% |
89.50 | 91.00 | 1.50 | 396655 | 1 | 0.02 | 0.12 | 0.01 | 0.07 | 0.18% |
91.00 | 92.50 | 1.50 | 396656 | <1 | 0.02 | 0.05 | 0.00 | 0.03 | 0.09% |
92.50 | 94.00 | 1.50 | 396657 | 1 | 0.05 | 0.39 | 0.03 | 0.17 | 0.51% |
94.00 | 95.50 | 1.50 | 396658 | <1 | 0.04 | 0.02 | 0.01 | 0.01 | 0.07% |
95.50 | 97.00 | 1.50 | 396659 | 2 | 0.09 | 0.27 | 0.03 | 0.07 | 0.42% |
97.00 | 98.50 | 1.50 | 396661 | 4 | 0.12 | 0.57 | 0.10 | 0.07 | 0.78% |
98.50 | 100.00 | 1.50 | 396662 | 3 | 0.08 | 0.63 | 0.05 | 0.06 | 0.78% |
100.00 | 101.50 | 1.50 | 396663 | 1 | 0.04 | 0.09 | 0.01 | 0.02 | 0.15% |
101.50 | 103.00 | 1.50 | 396664 | 1 | 0.04 | 0.03 | 0.00 | 0.01 | 0.08% |
103.00 | 104.50 | 1.50 | 396665 | 1 | 0.02 | 0.01 | 0.00 | 0.01 | 0.05% |
104.50 | 106.00 | 1.50 | 396666 | 1 | 0.05 | 0.01 | 0.02 | 0.01 | 0.08% |
106.00 | 107.50 | 1.50 | 396667 | 1 | 0.04 | 0.12 | 0.02 | 0.02 | 0.18% |
107.50 | 109.00 | 1.50 | 396668 | 2 | 0.10 | 0.22 | 0.04 | 0.04 | 0.37% |
109.00 | 110.50 | 1.50 | 396669 | 1 | 0.02 | 0.02 | 0.01 | 0.01 | 0.06% |
110.50 | 112.00 | 1.50 | 396670 | 1 | 0.05 | 0.03 | 0.02 | 0.02 | 0.10% |
112.00 | 113.50 | 1.50 | 396671 | 1 | 0.07 | 0.04 | 0.02 | 0.03 | 0.14% |
113.50 | 115.00 | 1.50 | 396672 | 1 | 0.06 | 0.10 | 0.01 | 0.03 | 0.19% |
115.00 | 116.50 | 1.50 | 396673 | 1 | 0.03 | 0.13 | 0.01 | 0.02 | 0.18% |
116.50 | 118.00 | 1.50 | 396674 | 1 | 0.08 | 0.09 | 0.01 | 0.03 | 0.19% |
118.00 | 119.50 | 1.50 | 396675 | <1 | 0.01 | 0.00 | 0.00 | 0.02 | 0.03% |
119.50 | 121.00 | 1.50 | 396676 | 1 | 0.03 | 0.00 | 0.01 | 0.03 | 0.06% |
121.00 | 122.50 | 1.50 | 396677 | <1 | 0.02 | 0.00 | 0.00 | 0.02 | 0.03% |
122.50 | 124.00 | 1.50 | 396678 | <1 | 0.01 | 0.00 | 0.00 | 0.01 | 0.02% |
124.00 | 125.50 | 1.50 | 396679 | 1 | 0.01 | 0.00 | 0.00 | 0.01 | 0.03% |
125.50 | 127.00 | 1.50 | 396681 | <1 | 0.03 | 0.00 | 0.00 | 0.02 | 0.05% |
127.00 | 128.10 | 1.10 | 396682 | 1 | 0.02 | 0.00 | 0.00 | 0.04 | 0.05% |
128.10 | 129.50 | 1.40 | 396683 | <1 | 0.02 | 0.03 | 0.00 | 0.03 | 0.07% |
129.50 | 130.70 | 1.20 | 396684 | <1 | 0.02 | 0.03 | 0.01 | 0.06 | 0.08% |
130.70 | 131.70 | 1.00 | 396685 | 9 | 0.28 | 0.66 | 0.10 | 0.69 | 1.29% |
131.70 | 132.70 | 1.00 | 396686 | 99 | 1.44 | 3.07 | 2.95 | 7.07 | 8.43% |
132.70 | 133.60 | 0.90 | 396687 | 95 | 1.77 | 4.29 | 0.79 | 3.82 | 8.73% |
133.60 | 134.50 | 0.90 | 396688 | 136 | 1.76 | 4.61 | 1.14 | 5.52 | 10.19% |
134.50 | 135.40 | 0.90 | 396689 | 71 | 2.40 | 4.99 | 0.59 | 11.15 | 11.76% |
135.40 | 136.40 | 1.00 | 396690 | 101 | 2.17 | 6.83 | 0.36 | 0.35 | 10.74% |
136.40 | 137.40 | 1.00 | 396691 | 136 | 2.13 | 3.77 | 3.09 | 7.82 | 10.64% |
137.40 | 138.40 | 1.00 | 396692 | 107 | 1.16 | 4.53 | 2.69 | 4.95 | 9.09% |
138.40 | 139.40 | 1.00 | 396693 | 80 | 1.30 | 2.44 | 2.08 | 2.51 | 5.97% |
139.40 | 140.40 | 1.00 | 396694 | 45 | 1.03 | 1.04 | 1.35 | 2.13 | 3.56% |
140.40 | 141.40 | 1.00 | 396695 | 33 | 0.78 | 1.23 | 0.91 | 0.23 | 2.72% |
141.40 | 142.35 | 0.95 | 396696 | 38 | 0.76 | 1.70 | 0.88 | 0.08 | 3.20% |
142.35 | 143.40 | 1.05 | 396697 | 1 | 0.05 | 0.10 | 0.01 | 0.02 | 0.17% |
143.40 | 144.90 | 1.50 | 396698 | 1 | 0.03 | 0.02 | 0.01 | 0.02 | 0.07% |
N/S = Not Sampled. Copper Equivalent (Cu-Eq) combines all five metals into one comparable grade, calculated using August 26, 2026, Kitco pricing: US$6.52/lb. Cu, US$0.85/lb. Pb, US$1.84/lb. Zn, US$67.77/oz Ag, US$4,591.50 /oz Au, with a uniform 95% metallurgical recovery assumed for all metals; since it is unclear which metals will be the principal products, assuming differing recoveries by metal is premature at this stage. Copper equivalent grades are for comparative purposes only and do not represent recoverable metal.
![](\"https://app.accessnewswire.com/imagelibrary/e1ca6aa2-463d-4b7f-a0aa-54635defd518/1239250/image202610210401257wm1xd.jpeg\")
FIGURE 2: Sample #396689 (71 g/t Ag, 2.40 g/t Au, 4.99% Cu, 0.59% Pb, 11.15% Zn) 11.76% Cu-Eq
Patrick J. Cruickshank, MBA, CEO & Director, stated, "WD-26-18 has delivered for the Wedge once again. This hole clearly displays the high-grade nature of this strong deposit. This lens shows the more classic VMS lens with outstanding Ag-Au-Cu-Pb and Zn across the entire horizon. Silver up to 136.0 g/t (4.37 oz/t) and Gold consistently between 1.0 - 2.0 g/t with Copper up to 6.83% and Zinc peaking at 11.15%. Just spectacular! On a side note, very interesting to see 31.50 m of 0.40% Cu-Eq above the lens in stringers."
![](\"https://app.accessnewswire.com/imagelibrary/a61afef5-3ccd-4fb6-9ea6-a63762652a71/image20261021040125s0p2g0.jpeg\")
FIGURE 3: Sample #396691 (136 g/t Ag, 2.13 g/t Au, 3.77% Cu, 3.09% Pb, 7.82% Zn) 10.64% Cu-Eq
![](\"https://app.accessnewswire.com/imagelibrary/aff2c4be-cf8d-4476-857e-c8baff3fd999/1239250/image20261021040125ca5bks.jpeg\")
FIGURE 4: Sample #396688 (136 g/t Ag, 1.76 g/t Au, 4.61% Cu, 1.14% Pb, 5.52% Zn) 10.19% Cu-Eq
![](\"https://app.accessnewswire.com/imagelibrary/0f79fe38-bd37-446b-b9ca-8d6b23cec81f/image20261021040125hyd3jj.jpeg\")
FIGURE 5: Sample #396692 (107 g/t Ag, 1.16 g/t Au, 4.53% Cu, 2.69% Pb, 4.95% Zn) 9.09% Cu-Eq
![](\"https://app.accessnewswire.com/imagelibrary/d743e9a3-9be0-4f93-b010-5ca0bda35da2/1239250/image20261021040127xql01l.png\")
FIGURE 6: Location of DDH WD-26-18
Analysis, QAQC and Qualified Person
All samples were submitted to ALS Global in Moncton, an independent commercial laboratory, for preparation and assaying (ME-ICP61a four-acid digestion with ICP-AES; Au by fire assay Au-AA23 with AA finish; overlimit Au by gravimetric analysis and overlimit base metals by OG62). ALS runs its own QA/QC protocols including coarse and pulp duplicates. Nine Mile's QAQC program includes regular insertion of CRM standards, duplicates, and blanks with a stringent review of all results; QAQC and data validation were performed and no material errors were observed. Technical information in this news release has been prepared in accordance with NI 43-101 and reviewed and approved by Gary Lohman, B.Sc., P.Geo., VP Exploration and Director, the Company's Qualified Person, who is not independent of the Company.
About Nine Mile Metals Ltd.
Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on Critical Mineral VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick. The Company is exploring four VMS projects: Wedge, Nine Mile Brook, California Lake, and Canoe Landing Lake (East - West), positioning for the boom in AI data centers, EV and green technologies requiring copper, silver, lead, and zinc, with a hedge with gold.
ON BEHALF OF NINE MILE METALS LTD.
Patrick J. Cruickshank, MBA
CEO & Director
T: +1.506.804.6117
E: info@ninemilemetals.com
This press release contains forward-looking information within the meaning of Canadian securities legislation, including statements regarding the receipt and reporting of remaining certified assay results; the anticipated total of approximately 35 holes in the 10,000-metre program; the completion of eight (8) BHEM surveys and a second round of drilling, including on the western flank of the Wedge; drilling at Tribag-West Wedge with the Company's second rig; 3D modelling with APEX Geoscience toward a new NI 43-101 technical report and mineral resource estimate; the planned investor site tour and attendance at EMP 2026; and the Company's upcoming Nine Mile Brook exploration program. This information is based on management's current expectations and assumptions, including the timely receipt of assays, planned hole depths, and the availability of equipment, personnel and financing. Actual results could differ materially due to risks including assay delays, survey and modelling outcomes, weather and site access, financing and market conditions. Undue reliance should not be placed on forward-looking information, and Nine Mile undertakes no obligation to update it except as required by applicable securities law.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
The Canadian Venture Building, 82 Richmond Street East, Toronto, ON M5C 1P1 · T: (506) 804-6117 · www.ninemilemetals.com
SOURCE: Nine Mile Metals
Vancouver, British Columbia--(Newsfile Corp. - October 20, 2026) - NV Gold Corporation (TSXV: NVX) (OTCQB: NVGLF) (\"NV Gold\" or the \"Company\") is providing an update to its initial 2026 drill results from its 100%-owned Slumber Gold Project (\"Slumber\"), located 70 kilometers (45 miles) west-northwest of Winnemucca (see Figure 1). The 2026 reverse circulation (\"RC\") drilling campaign has now received assays from 10 of 17 drillholes that have been completed to date. Drilling is continuing. At least 15 additional holes are planned for this program. The current drill holes have been sited to test the eastern DeLong Ridge and Awakening Zones nearly 1.4 kilometers northeast of previously reported gold zones at Slumber, drilled from 2019-2025. The Awakening Zone straddles the boundary between the Company's existing north area claims and a portion of the recently leased DeLong Ranch lands. Drilling continues south and southeast of DeLong Ridge.
2026 Program Current Status
This current report of the 2026 drilling campaign tests a wide area of mineralization that stretches from the Awakening Area (previously discussed in the September 23rd press release) southwest and southward from the DeLong Ridge towards the Slumber Area. Holes SL-37, 38, 39, 39A and 40 are all within the Awakening Zone and assay results are reported in this release. Seven additional holes have been completed in the DeLong Ridge area and south and are awaiting assays. The 2026 drilling continues southeast of the DeLong Ridge and in holes SL-48A and SL-48B (now completed). The SL-48A and SL-48B holes have cut visible alteration and are awaiting assays. The results tabulated below are beginning to outline a contiguous body of mineralization that remains open in several dimensions. The gold values are highly encouraging. Importantly, oxidation levels are also observed to considerable depth (up to +225m) supporting the possibility of cyanide heap leach amenability. Grades in the holes reported today are notably stronger than the holes reported from the Slumber Zone to the south.
Following the initially reported results in the Awakening Area (Holes SL-38 and SL-42, reported September 23, 2026) additional holes SL-39 (Az 135, inclination -60 degrees) and 39A (vertical), collared approximately midway between SL-38 and SL-42; both reported good results. These holes encountered highly broken and altered conditions but were terminated short of full target depth due to highly broken rock conditions and difficult groundwater inflow. Holes SL-40 and 41 were collared 150 and 260m east, respectively of Hole SL-39. See Figure 1.
The Awakening Zone is located approximately 2 km northeast of the previously discussed Slumber Zone, drilled by the company from 2019-2025. Surface mapping and sampling supports the potential that the two zones (Slumber and Awakening) may be connected. The 2026 drill program contemplates significant additional drilling to test that potential. See Figure 1.
![\"Cannot](\"https://images.newsfilecorp.com/files/3605/319888_2464a1a004eaa997_004full.jpg\")
Figure 1.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3605/319888_2464a1a004eaa997_004full.jpg
Gold intercepts received as of October 19, 2026.
| DH | From ft | To ft | TD | Azimuth | Inclination | Interval ft | From m | To m | Interval m | Au ppm | Au OPT imperial | Oxide |
| SL-38 | 610 | 765 | 765 | 145 | -60 | 155 | 185.9 | 233.2 | 47.2 | 0.655 | 0.019 | X |
| including | 640 | 665 | 25 | 195.1 | 202.7 | 7.6 | 0.828 | 0.0241 | X | |||
| including | 695 | 715 | 20 | 211.8 | 217.9 | 6.1 | 0.919 | 0.0268 | X | |||
| SL-39 | 40 | 140 | 145 | -55 | 100 | 12.2 | 42.7 | 30.5 | 0.452 | 0.013 | X | |
| including | 60 | 70 | 10 | 18.3 | 21.3 | 3.1 | 0.824 | 0.024 | X | |||
| 170 | 240 | 70 | 51.8 | 73.2 | 21.3 | 0.471 | 0.014 | X | ||||
| 270 | 300 | 30 | 82.3 | 91.4 | 9.1 | 0.348 | 0.010 | X | ||||
| 325 | 335 | 10 | 99.1 | 102.1 | 3.1 | 0.438 | 0.013 | X | ||||
| 350 | 380 | 385 | 30 | 106.7 | 115.8 | 9.1 | 0.307 | 0.009 | X | |||
| SL-39A | 50 | 180 | 0 | -90 | 130 | 15.2 | 54.9 | 39.6 | 0.614 | 0.018 | X | |
| including | 115 | 125 | 10 | 35.1 | 38.1 | 3.1 | 1.475 | 0.043 | X | |||
| including | 150 | 160 | 10 | 45.7 | 48.8 | 3.1 | 0.919 | 0.0268 | X | |||
| 195 | 205 | 10 | 59.4 | 62.5 | 3.1 | 0.561 | 0.016 | X | ||||
| 215 | 225 | 530 | 10 | 65.5 | 68.6 | 3.1 | 0.288 | 0.008 | X | |||
| SL-40 | 5 | 25 | 0 | -90 | 20 | 1.5 | 7.6 | 6.1 | 0.258 | 0.008 | X | |
| 50 | 95 | 300 | 45 | 15.2 | 29.0 | 13.7 | 0.269 | 0.008 | X | |||
| SL-41 | ||||||||||||
| SL-42 | 20 | 185 | 145 | -60 | 165 | 6.1 | 56.4 | 50.3 | 0.420 | 0.012 | X | |
| 330 | 345 | 15 | 100.6 | 105.2 | 4.6 | 0.249 | 0.007 | X | ||||
| 520 | 655 | 735 | 135 | 158.5 | 199.6 | 41.2 | 0.844 | 0.025 | X | |||
| including | 525 | 550 | 25 | 160.0 | 167.6 | 7.6 | 1.054 | 0.0307 | X | |||
| including | 570 | 615 | 45 | 173.7 | 187.5 | 13.7 | 1.201 | 0.035 | X | |||
| including | 625 | 640 | 15 | 190.5 | 195.1 | 4.6 | 0.805 | 0.0235 | X | |||
| SL-43 | Pending Assays | 325 | -60 | |||||||||
| SL-44 | Pending Assays | 0 | -90 | |||||||||
| SL-45 | Pending Assays | 0 | -90 | |||||||||
| SL-46 | 115 | 240 | 325 | -60 | 125 | 35.1 | 73.2 | 38.1 | 0.780 | 0.023 | X | |
| including | 140 | 150 | 10 | 42.7 | 45.7 | 3.1 | 1.714 | 0.05 | X | |||
| including | 165 | 210 | 45 | 50.3 | 64.0 | 13.7 | 1.129 | 0.0329 | X | |||
| 250 | 270 | 20 | 76.2 | 82.3 | 6.1 | 0.267 | 0.008 | X | ||||
| 280 | 290 | 10 | 85.3 | 88.4 | 3.1 | 0.237 | 0.007 | X | ||||
| 330 | 340 | 455 | 10 | 100.6 | 103.6 | 3.1 | 0.411 | 0.012 | X | |||
| SL-46A | 90 | 155 | 0 | -90 | 65 | 27.4 | 47.2 | 19.8 | 0.517 | 0.015 | X | |
| including | 115 | 125 | 325 | 10 | 35.1 | 38.1 | 3.1 | 1.094 | 0.0319 | X | ||
| SL-47 | 105 | 115 | 325 | -60 | 32.0 | 35.1 | 3.1 | 0.236 | 0.0069 | X | ||
| 230 | 240 | 10 | 70.1 | 73.2 | 3.1 | 0.328 | 0.0096 | X | ||||
| 530 | 710 | 180 | 161.5 | 216.4 | 54.9 | 0.894 | 0.0261 | X | ||||
| including | 530 | 550 | 20 | 161.5 | 167.6 | 6.1 | 1.986 | 0.0579 | X | |||
| including | 590 | 645 | 790 | 55 | 179.8 | 196.6 | 16.8 | 1.196 | 0.0349 | X | ||
| SL-47A | 210 | 250 | 700 | 325 | -60 | 40 | 64.0 | 76.2 | 12.2 | 0.266 | 0.0078 | X |
| 295 | 310 | 15 | 89.92 | 94.49 | 4.57 | 0.253 | 0.0074 | X | ||||
| 390 | 605 | 215 | 118.87 | 184.4 | 65.53 | 1.336 | 0.039 | X | ||||
| including | 450 | 535 | 85 | 137.16 | 163.07 | 25.91 | 2.518 | 0.0734 | X | |||
| including high | 505 | 510 | 5 | 153.93 | 155.49 | 1.52 | 8.681 | 0.256 | X | |||
| 650 | 665 | 15 | 198.12 | 202.69 | 4.57 | 0.318 | 0.0093 | X | ||||
| SL-48 | 100 | 160 | 540 | 325 | -60 | 60 | 30.48 | 48.77 | 18.29 | 0.519 | 0.0151 | X |
| 200 | 215 | 15 | 60.96 | 65.53 | 4.57 | 0.209 | 0.0061 | X | ||||
| 275 | 440 | 165 | 83.82 | 134.11 | 50.29 | 0.451 | 0.0132 | X | ||||
| including | 305 | 320 | 15 | 92.96 | 97.54 | 4.57 | 0.751 | 0.0219 | X | |||
| SL-48A | Pending Assays | 600 | 315 | -45 | ||||||||
| SL-48B | Pending Assays | 680 | 0 | -90 |
John Watson, NV Gold's CEO commented - \"Assay results from this latest group of analyses builds the picture of an emerging significant oxide gold discovery in Nevada. Our drilling to date in 2026 has been highly encouraging with initial strong results in the Awakening Area and now along and south of DeLong Ridge. The mineralization is open to the southeast along strike, with two holes, 48A and 48B testing the extension. To date, this program is considered highly successful and the Company has engaged two diamond core drills for its planned winter drilling campaign.\"
Slumber Project Highlights:
The 2026 RC Drilling Program is expected to continue into the month of November or later. The Company expects to complete 10-15 additional RC holes, primarily targeting the southern extension of the DeLong Ridge, but may also add several holes in the Slumber Area north of the 2023 Exploration Target boundary. In addition, the Company has engaged Energold Drilling of Billings, MT to initiate a 3,000+meter diamond core program in January 2027.
Analytical Laboratory and QA/QC Procedures
The company used a Shram 450 reverse circulation drill of Premier Drilling of Elko Nevada. All 2026 Slumber drilling is of the 'reverse circulation' type, returning rock samples that range in size from <1mm up to 2 cm, with the majority between 1 and 10 mm in longest dimension. Samples are collected using from the cyclone underflow as a separate split from circulation returns onsite and submitted to MSA Laboratory of Elko Nevada for up to 500 grams non destructive PhotonAssay. Company staff maintain sample custody until laboratory pickup. Samples submitted range in weight from 0.450 kg to 10.4 kg. Laboratory procedures include crushing and unbiased split to achieve as close to 500-gram sample as possible. Samples are taken at 1.52-meter (5 feet) intervals in all holes. Chip samples were collected in trays for all intervals, photographed, and are retained by the company.
The quality assurance-quality control (QA/QC) program of NV Gold Corp. includes the insertion of certified standards of known gold content, blank and duplicate samples. MSAlabs, Elko uses a 500-gram crushed material (Riffle Split), code SPL-430, to conduct a gama ray analysis of sample for gold by photo assay instrument (2 cycle), code CPA-Au2. The samples are not consumed in the analysis and are returned to the company for future reference.
Qualified Person Disclosure
Jesse D. Wellman, C.P.G, an economic geologist and independent consultant for the Company, and Qualified Person as defined by National Instrument 43-101 (\"NI-4301 \"), has reviewed and approved the scientific and technical information in this news release.
About NV Gold Corporation
NV Gold (TSXV: NVX) (OTCQB: NVGLF) is a well-financed exploration company with ~37 million shares issued, over $1.0 M in its treasury and no debt. The Company is based in Vancouver, British Columbia and is focused on delivering value through mineral discoveries in Nevada, USA, leveraging its highly experienced in-house technical knowledge. 2026-7 will be NV Gold's busiest exploration year in its corporate history.
On behalf of the Board of Directors,
John E. Watson
Chairman & CEO
For further information, visit the Company's website at nvx.gold or contact us at 604-245-0054.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company's planned exploration activities. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals, the extent to which mineralized structures extend on to the Company's Projects and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.
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NORTH VANCOUVER, British Columbia, Oct. 20, 2026 (GLOBE NEWSWIRE) -- Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) ("Lion One" or the "Company") is pleased to report preliminary operating results from the Tuvatu Gold Mine in Fiji for the quarter ending September 30th, 2026.
Lion One Metals achieved quarterly gold recovery of 3,796 oz at an average head grade of 4.3 g/t gold. This is a 15% increase in production compared to the previous quarter and a 39% increase in production from the quarter ending March 31, 2026. In addition to recovered gold, the Company also produced 882 oz of gold from the draw-down of gold in inventory and carbon shipments, for total production of 4,678 oz of gold during the quarter.
Preliminary Quarterly Production Results:
Safety
The Company incurred 1 lost time incident and 2 medical aid incidents during the quarter resulting in a Total Recordable Incident Frequency (TRIF) of 1.83, which represents 1.83 recordable incidents per 200,000 hours worked. This is the second consecutive quarter of improvement for the company, as the previous quarter (April to June) had a TRIF of 4.37, and the quarter before that (January to March) had a TRIF of 6.55. Lion One remains focused on safe production.
Quarterly Production Results
Lion One Metals recovered approximately 3,796 oz of gold during the three-month period ending September 30th, 2026. This represents a 15% increase from the previous quarter during which 3,291 oz of gold was recovered. Gold production was enhanced by the addition of 882 oz of gold recovered from the draw-down of gold in inventory, as well as from the shipment and refinement of gold-laden carbon from the leach circuit. Total gold production for the quarter was therefore 4,678 oz of gold, which is a record quarterly gold delivery from Tuvatu.
The company also had strong underground mine development of 1,539 m, which is down moderately from the previous quarter’s development of 1,660 m but above the long-term average of 1,445 m from January 2025 to September 2026.
![\"Figure](\"https://ml.globenewswire.com/Resource/Download/5f564913-cdc5-477d-b933-0b78253ad194/image1.png\")
Figure 1. Tuvatu Quarterly Gold Production, 2026. Gold production at Tuvatu has consistently improved quarter-over-quarter throughout 2026, with 3,796 oz of gold recovered in the third quarter of 2026. This does not include the additional 882 oz of gold produced from inventory draw down and carbon shipments this quarter.
Table 1. Quarter-over-Quarter change in production.
| 31-Mar-26 | 30-Jun-26 | 30-Sep-26 | QoQ Change | |
| Gold Recovered (oz) | 2,726 | 3,291 | 3,796 | 15% |
| Average Gold Head Grade (oz) | 4.2 | 4.3 | 4.3 | 0% |
| Average Gold Recovery (%) | 71.7 | 84.9 | 83.8 | -1% |
| UG Mine Development (m) | 1,288 | 1,660 | 1,539 | -7% |
Mill performance was strong throughout the quarter with the mill processing a total of 32,588 tonnes of mineralized material, representing an average throughput of approximately 354 tonnes per day for the quarter. The mill also achieved a quarterly mill utilization rate of 95.1%, including consecutive months of record mill utilization in August and September with 97.4% utilization in August and 98.3% in September. Gold recovery was 83.8%, which is a 1% drop from the previous quarter in which a record 84.9% recovery was achieved. The 1% drop in gold recovery was offset by a 16.5% increase in mill throughput. The average head grade for the quarter was 4.3 g/t gold, which is the same as the previous quarter.
Gold production was enhanced by the addition of 882 oz from inventory draw-down and from carbon shipments. Gold processing plants contain in-circuit gold inventory, which is the gold that is contained within the processing circuits but that is yet to be recovered. During this quarter, a focused effort was made by the processing team to draw down the in-circuit gold inventory by improving gravity recovery and carbon stripping. As part of the quarter's circuit optimization activities, approximately 8.8 tonnes of carbon was removed from the leach circuit and replaced with fresh carbon. The removed carbon, which contained residual gold, was shipped off-site for processing and recovery. The additional 882 oz of gold produced this quarter comes from both the carbon shipments and the draw-down of in-circuit gold inventory.
A total of 1,539 m of mine development was completed during the quarter, including 359 m of capital development and a record 1,181 m of operating development. Overall, it is the third best quarter of mine development since mining operations began at Tuvatu in early 2024. While operating development was very strong, capital development was impacted by equipment availability. The jumbos had an overall availability of 59% throughout the quarter, which was heavily impacted by unplanned downtime in September.
![\"Figure](\"https://ml.globenewswire.com/Resource/Download/bc55f044-5297-4029-82f4-19d5b3d1dd66/image2.png\")
Figure 2. Tuvatu Quarterly Mine Development, 2025-2026. Mine development for July to September 2026 was 1,539 m, which is above the average quarterly rate of 1,445 m from January 2025 to September 2026, represented by the orange line.
New LM90 Underground Core Drill Now in Operation
The Company is also pleased to announce that its new Boart Longyear LM90 underground core drill has arrived at Tuvatu ahead of schedule. The drill, whose purchase was announced on July 27, 2026, is now in operation underground following the completion of operator training. The intent of the drill is to target both the Zone 500 and the West Zone from deep underground in support of resource expansion and upgrade in those areas. The arrival of the LM90 enables the Company to drill both the Zone 500 and the West Zone effectively from deep underground for the first time as it enables shorter, faster and lower-cost drill holes with improved intersection angles in both areas.
The LM90 is a high-performance underground drill rig that is specifically designed for use in underground mines and it increases the operational flexibility and versatility of the Company’s underground drill program significantly. With the addition of the LM90, the Company’s active drill fleet has increased to four underground drills and two surface drills.
![\"Figure](\"https://ml.globenewswire.com/Resource/Download/b1f3e98f-9882-4f59-93f9-d9c74300f3cf/image3.jpeg\")
Figure 3. New Boart Longyear LM90 core drill underground at Tuvatu.
Corporate Note
Further to the announcement on September 24, 2026, in relation to the engagement of Global One Media for digital investor communications, Lion One is providing additional information regarding the terms of the engagement. The Company has engaged Global One Media for a term of six months, at a total cost to the Company of USD $39,000. The fee consists of a monthly retainer of USD $6,500, with the initial three months of the contract, totalling USD $19,500, paid upfront upon signing of the Agreement. The date of the Agreement is August 31, 2026, and the Agreement transitions to month-to-month after the initial six-month term is complete.
Qualified Persons Statement
In accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43- 101”), William J. Witte, P.Eng., Principal Advisor to the Company, is the Qualified Person for the Company and has reviewed and approved the technical and scientific content of this news release.
Lion One Laboratories / QAQC
Lion One adheres to rigorous QAQC procedures above and beyond basic regulatory guidelines in conducting its drilling, sampling, testing, and analyses. The Company operates its own geochemical assay laboratory and its own fleet of diamond drill rigs using PQ, HQ and NQ sized drill rods.
Diamond drill core samples are logged by Lion One personnel on site. Exploration diamond drill core is split by Lion One personnel on site, with half core samples sent for analysis and the other half core remaining on site. Grade control diamond drill core is whole core assayed. Core samples are delivered to the Lion One Laboratory for preparation and analysis. All samples are pulverized at the Lion One lab to 85% passing through 75 microns and gold analysis is carried out using fire assay with an AA finish. Samples that return grades greater than 10.00 g/t Au are re-analyzed by gravimetric method, which is considered more accurate for very high-grade samples.
Duplicates of 5% of samples with grades above 0.5 g/t Au are delivered to ALS Global Laboratories in Australia for check assay determinations using the same methods (Au-AA26 and Au-GRA22 where applicable). ALS also analyses 33 pathfinder elements by HF-HNO3-HClO4 acid digestion, HCl leach and ICP-AES (method ME-ICP61). The Lion One lab can test a range of up to 71 elements through Inductively Coupled Plasma Optical Emission Spectrometry (ICP-OES) but currently focuses on a suite of 26 important pathfinder elements with an aqua regia digest and ICP-OES finish.
About Lion One Metals Limited
Lion One Metals is an emerging Canadian gold producer headquartered in North Vancouver BC, with new operations established in late 2023 at its 100% owned Tuvatu Alkaline Gold Project in Fiji. The Tuvatu project comprises the high-grade Tuvatu Alkaline Gold Deposit, the Underground Gold Mine, the Pilot Plant, and the Assay Lab. The Company also has an extensive exploration license covering the entire Navilawa Caldera, which is host to multiple mineralized zones and highly prospective exploration targets.
On behalf of the Board of Directors,
Todd Romaine, Chairman
Contact Information
Email: info@liononemetals.com
Phone: 1-855-805-1250 (toll free North America)
Website: www.liononemetals.com
Neither the TSX-V nor its Regulation Service Provider accepts responsibility or the adequacy or accuracy of this release
This press release may contain statements that may be deemed to be "forward-looking statements" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "proposed", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Lion One Metals Limited’s current beliefs and is based on information currently available to Lion One Metals Limited and on assumptions Lion One Metals Limited believes are reasonable. These assumptions include, but are not limited to, the actual results of exploration projects being equivalent to or better than estimated results in technical reports, assessment reports, and other geological reports or prior exploration results. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance, or achievements of Lion One Metals Limited or its subsidiaries to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the stage development of Lion One Metals Limited, general business, economic, competitive, political and social uncertainties; the actual results of current research and development or operational activities; competition; uncertainty as to patent applications and intellectual property rights; product liability and lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting mining, timing and availability of external financing on acceptable terms; not realizing on the potential benefits of technology; conclusions of economic evaluations; and lack of qualified, skilled labor or loss of key individuals. Although Lion One Metals Limited has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Accordingly, readers should not place undue reliance on forward-looking information. Lion One Metals Limited does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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Toronto, Ontario--(Newsfile Corp. - October 20, 2026) - White Gold Corp. (TSXV: WGO) (OTCQX: WHGOF) (FSE: 29W) (\"White Gold\" or the \"Company\") is pleased to announce results from the first diamond drill holes completed as part of the Company's fully funded 2026 exploration program at its flagship White Gold Project, located in the White Gold District of the Yukon, Canada (Figure 1). The initial assays from the 2026 drill program have intersected significant high grade gold mineralization in multiple lenses on both the Golden Saddle and VG deposits and successfully validate the Company's belief that these deposits remain open for continued growth that will further enhance its recently published robust Preliminary Economic Assessment (the \"PEA\") which delivered a C$1.86 Billion After-Tax NPV, 41% IRR and 1.5 Year Payback (see the Company's news release dated September 25, 2026)(5). The 2026 diamond drill program supported by strategic partners including Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM) is the Company's largest ever on its flagship deposits, and equivalent to approximately 20% of the roughly 92,000 metres drilled across Golden Saddle, Arc, VG, and Ryan's Surprise deposits prior to 2026. This news release reports the first set of diamond drillhole results from the Golden Saddle and VG deposits. Assays are pending from an additional 49 holes which were designed to increase known resources and make new discoveries on the White Gold Project and will be released in due course.
Highlights
\"Further to the very strong PEA recently released, these initial results are another major accomplishment in our goal of making 2026 a transformative year for White Gold Corp. Successfully intersecting high grade gold in multiple areas validates our conviction that the White Gold Project has the potential to continue to grow substantially and that we are in the early days of demonstrating the abundant mineralization at the White Gold Project and across our truly district scale land package in the prolific White Gold District. With these early results and our observations on the additional holes drilled in 2026, we are very optimistic about the potential for meaningful additional growth and look forward to all the additional results from this significantly larger program,\" stated David D'Onofrio, Chief Executive Officer.
\"These results continue to show the significant growth potential of our flagship White Gold Project,\" stated Donovan Politt, President and Director. \"At Golden Saddle, hole 219 has expanded the high-grade core of the Main Zone by about 50 metres, which supports our view that this is one of the highest-grade undeveloped open-pitable gold deposits in Canada. At VG, the 2026 holes to date have already pushed mineralization well beyond the footprint of its current resource while also intersecting grades higher than many historical holes at similar elevations, with more holes to come. Just as importantly, they also bridge the gap to the high-grade intercept in QV13-011, which takes drilled mineralization at VG to about 350 meters down-plunge. VG is growing, and we see it as a significant source of potential new high-grade ounces for our next resource update. With every deposit still open, and a lot more results to come, we look forward to building on this momentum as we continue to grow ounces across the project.\"
\"Similar to the idea behind hole 216 in 2025, hole 219 in 2026 was designed to test the western extent of the high-grade core at Golden Saddle, and it delivered both strong grade and width where the model predicted,\" stated Dylan Langille, Vice President of Exploration. \"This positive result further validates the technical team's interpretations of structures and controls on high-grade ore shoots and overall mineralization. At VG, holes QV26-024 and QV26-026 confirm that mineralization continues further down-plunge and bridge a gap of approximately 120 metres to the historical QV13-011 intercept which is not in the current resource.
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Figure 1: White Gold Corp. Property Portfolio
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Figure 2 - Drill Plan Collar Map (White Property)
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Figure 3 - Drill Plan Collar Map (QV Property)
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The White Gold Project
The Company's flagship White Gold project hosts four near-surface gold deposits (The Golden Saddle, Arc, Ryan's Surprise & VG Deposits) which collectively contain a resource estimate of 1,732,300 ounces of gold in indicated resources (35.2 million tonnes grading 1.53 grams per tonne gold) and 1,265,900 ounces of gold in inferred resources (32.3 million tonnes grading 1.22 g/t Au) (see the Company's news release dated October 6, 2025)(1). The 2026 Diamond Drill program was designed to drilled each of these deposits and new targets in close proximity to demonstrate the continued growth potential. Initial results from the Golden Saddle and VG deposits are reported in this press release.
Golden Saddle Deposit Drill Results
Hole WHTGS26D0219 was drilled at an azimuth of 161.6° and a dip of -57.7° to a final depth of 777.3 m to test the western extension of the high-grade core of the Golden Saddle Main Zone. The hole intersected 1.47 g/t Au over 38.08 m from 397.12 m depth, including 5.13 g/t Au over 7.88 m, with a higher-grade core of 10.48 g/t Au over 2.88 m (Figure 4). The intercept extends the high-grade (greater than 5 g/t Au) core of the Main Zone approximately 50 m to the west and is expected to extend and upgrade the surrounding blocks within the current mineral resource model. The main zone intercept is hosted in intensely sericite-silica altered and brecciated felsic orthogneiss with gold hosted in quartz-pyrite veins (Figure 6). The high-grade core coincides with the most strongly veined portion of the zone, comprising the strongest pyrite mineralization disseminations, along fractures, and on vein margins.
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Figure 4 - Golden Saddle Long Section through High-Grade Main Zone
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Figure 6 - Core photos hole WHTGS26D0219 with assays marked
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Above the Main Zone, hole WHTGS26D0219 intersected several hanging wall zones, including 1.16 g/t Au over 12.60 m from 140.50 m and 1.36 g/t Au over 2.50 m from 196.00 m. The hanging wall zones occur within hematite and sericite altered biotite-feldspar-quartz gneiss cut by pyrite-bearing quartz veins. Below the Main Zone, the hole intersected two footwall intervals: 0.61 g/t Au over 10.80 m from 635.00 m and 4.05 g/t Au over 1.97 m from 657.40 m. The 4.05 g/t Au interval corresponds to the footwall breccia, an intensely silicified, dark grey to black, clast-supported breccia hosted in a strongly sericite-carbonate altered, quartz-rich felsic unit with graphite-filled fractures (Figure 5). All intervals are shown in Table 1.
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Figure 5 - Golden Saddle Cross Section hole WHTGS26D0219
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VG Deposit Drill Results
The 2026 drilling at VG was designed to test the down-plunge continuity of the deposit beyond the limits of the current mineral resource estimate (Figure 7). Prior to this program, the deepest intercept within the VG deposit block model was in hole QV13-010, approximately 230m down-plunge from surface. Historical hole QV13-011 intersected 2.43 g/t Au over 21.36 m, including 3.40 g/t Au over 12.54 m ⁽¹⁾, approximately 350 m down-plunge. However, an approximately 120 m gap in the drilling left QV13-011 isolated from the modelled mineralization and as such it was excluded in the resource. The 2026 holes were designed to test this gap and successfully intersected broad zones of gold mineralization well beyond the 230m limit. QV26-026 intersected 2.53 g/t Au over 18.90 m from 172.10 m, including 4.27 g/t Au over 2.43 m and 4.57 g/t Au over 1.84m, approximately 320 m down-plunge. This interval is higher grade than many historical holes at a similar elevation, demonstrating the continuation of strong grades at depth. It also extends the mineralization approximately 45m east of the current block model. QV26-024, collared about 175m to the west, intersected an upper interval of 0.64 g/t Au over 3.32 m from 201.70 m, followed by 0.71 g/t Au over 38.45 m from 244.55 m, including 1.14 g/t Au over 6.18 m, approximately 300 m down-plunge. Together, the two holes extend continuous mineralization at VG from approximately 230m to 320m down-plunge over a strike length of approximately 150m.
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Figure 7 - 3D View of the VG Deposit and 2026 drill results
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In hole QV26-026, mineralization is hosted in strongly sericite-chlorite-silica altered biotite-feldspar-quartz gneiss cut by abundant quartz carbonate veins and veinlets, with 1-5% disseminated pyrite throughout the interval (Figure 8). Both higher grade sub-intervals are associated with increased albite alteration.
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Figure 8 - Core photos hole QV26-026 with assays marked
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With the gap now drilled, QV13-011 can be tied into the VG geological model, establishing continuity of mineralization from approximately 230 m to 350 m down-plunge. Based on the search parameters used in the current mineral resource estimate, this has the potential to extend the VG resource from approximately 310 m to 430 m down-plunge, subject to an updated mineral resource estimate. VG remains open down-plunge. The growth zone shown in Figure 7 is interpretive and will be tested by future drilling and incorporated into future mineral resource updates.
Table 1: Highlighted Drill Intervals
| Hole ID | From (m) | To (m) | Length (m)⁽²⁾ | Au (g/t) | Zone / Comment |
| Golden Saddle - WHTGS26D0219 | |||||
| WHTGS26D0219 | 48.50 | 50.00 | 1.50 | 0.59 | Hanging Wall |
| 65.00 | 66.50 | 1.50 | 0.87 | Hanging Wall | |
| 140.50 | 153.10 | 12.60 | 1.16 | Hanging Wall | |
| 196.00 | 198.50 | 2.50 | 1.36 | Hanging Wall | |
| 289.27 | 294.00 | 4.73 | 0.39 | Hanging Wall | |
| 397.12 | 435.20 | 38.08 | 1.47 | Main Zone | |
| incl. | 397.70 | 405.58 | 7.88 | 5.13 | Main Zone - high-grade core |
| incl. | 402.70 | 405.58 | 2.88 | 10.48 | Main Zone - high-grade core |
| 462.10 | 463.00 | 0.90 | 0.64 | Footwall | |
| 488.55 | 489.35 | 0.80 | 0.68 | Footwall | |
| 559.30 | 560.10 | 0.80 | 0.50 | Footwall | |
| 563.10 | 563.94 | 0.84 | 0.47 | Footwall | |
| 635.00 | 645.80 | 10.80 | 0.61 | Footwall | |
| 657.40 | 659.37 | 1.97 | 4.05 | Footwall | |
| 671.40 | 672.44 | 1.04 | 0.96 | Footwall | |
| VG Deposit | |||||
| QV26-026 | 172.10 | 191.00 | 18.90 | 2.53 | Down-plunge extension |
| incl. | 172.10 | 174.53 | 2.43 | 4.27 | |
| and | 178.16 | 180.00 | 1.84 | 4.57 | |
| QV26-024 | 201.70 | 205.02 | 3.32 | 0.64 | |
| 244.55 | 283.00 | 38.45 | 0.71 | Down-plunge extension | |
| incl. | 270.02 | 276.20 | 6.18 | 1.14 | |
| QV13-011 ⁽¹⁾ | 218.24 | 239.60 | 21.36 | 2.43 | Historical (2013) - tied in |
| incl. | 218.24 | 230.78 | 12.54 | 3.40 | Historical (2013) |
(2) Reported intervals are core lengths. True widths are estimated at 80-95 % of core length at Golden Saddle and 90-95 % at VG.
Table 2: Drill Collar Information
| Hole ID | Deposit | Easting (m) | Northing (m) | Elevation (m) | Azimuth (°) | Dip (°) | Depth (m) |
| WHTGS26D0219 | Golden Saddle | 576216 | 7005606 | 926 | 161.6 | -57.7 | 773 |
| QV26-024 | VG | 574274 | 7016341 | 571 | 136.8 | -58.5 | 346 |
| QV26-026 | VG | 574438 | 7016404 | 533 | 160.4 | -58.6 | 305 |
| QV13-011 ⁽¹⁾ | VG (historical) | 574366 | 7016360 | 546 | 160 | -75 | 300.53 |
(1) Historical drill hole QV13-011 was completed by Comstock Metals Ltd. in 2013. Results were previously disclosed in the NI 43-101 Technical Report on the QV Project, White Gold District, Yukon Territory (Pautler and Shahkar, effective June 30, 2014), as 1.36 g/t Au over 42.6 m. The interval reported in this release was calculated by the Company from the original assay data contained in the Company's drill hole database, which was also used for the August 19, 2025, Mineral Resource Estimate. Historical intervals are reported as core lengths. The QP has verified the historical data by [reviewing the original drill logs and assay certificates] and considers it reliable for the purposes of this disclosure.
Analytical Methods & QA/QC
Diamond drilling on the White Gold Property consisted of NQ size drill core, which was cut in half on site using a diamond saw. Analytical work on the half core was performed by Bureau Veritas, an internationally recognized analytical services provider, at its South Vancouver, British Columbia laboratory. Sample preparation was carried out at its Whitehorse, Yukon prep facility and then shipped to BV's Vancouver, BC facility for analysis. All diamond drill core samples were prepared using the PRP70-250 package, where samples are weighed, dried, and crushed to greater than 70% passing a 2mm sieve, then pulverized to greater than 85% passing 75 microns. Samples were analyzed by method FA430 (30g fire assay with AAS finish) for gold, and by package MA250 (0.25g, 4 acid digestion and ICP-MS analysis) for ultra-trace multi-element ICP. Samples returning greater than 10 g/t Au were re-analyzed by 30 g fire assay with gravimetric finish.
The work was completed using industry standard procedures, including a quality assurance/quality control (\"QA/QC\") program consisting of insertion of standard, blank, and duplicate samples into the sample stream. BV also runs a comprehensive QA/QC program of standards, duplicates, and blanks within each sample stream.
Golden Saddle Deposit
The Golden Saddle contains an open-pit resource of 1.614 M oz Indicated (31.03 Mt @ 1.62 g/t Au) and 268.7 k oz Inferred (7.84 Mt @ 1.07 g/t Au) defined by 210 drill holes for a total of approximately 61,000 meters (1)(2). In 2026 we completed 6,451 m from 12 drill holes, representing a 10% increase to meters drilled on the Golden Saddle deposit. Drilling tested down plunge extension of the high-grade ore body (695,000 oz Indicated (4.4 Mt @ 4.88 g/t Au)), parallel zones of mineralization in both the hanging wall and footwall zones, and growth along strike toward Golden Saddle West. In addition, a targeted program to relog and sample previously unsampled core from the footwall and hanging wall host rocks is underway, offering strong potential for additional resource growth.
VG Deposit
The VG deposit comprises 296,000 oz Inferred (6.285 Mt @ 1.46 g/t Au) defined by 65 drill holes for a total of approximately 7,600 meters (1)(2). In 2026 we completed 2909.3 metres from 9 holes, representing a roughly 38% increase to the meters drilled on the VG Deposit. Prior to 2026, gold mineralization was modelled to a maximum vertical depth of 200 m, with the geometry of the modelled mineralization being cone shaped due to limited drilling across the deposit. This year's drilling has successfully tested down-plunge growth of the current resource, with QV26-026 and QV26-024 intersecting gold mineralization up to approximately 90m down-plunge beyond the previous deepest intercept (QV13-010) and at or beyond the limits of the current resource model. Seven of nine holes have assays pending.
Ryan's Surprise
The mineralization footprint at the Ryan's Surprise deposit measures approximately 550 m north-south by 500 m east-west to a vertical depth of 650 m and remains open along strike and at depth. To date, the Ryan's Surprise deposit contains 280,300 oz Inferred (5.693 Mt @ 1.53 g/t Au) defined by 35 drill holes for a total of approximately 8,370 meters (1)(2). In 2026 we completed 4823.4 metres from 15 holes, representing a roughly 57% increase to the metres drill on the Ryan's Surprise zone. Drilling focused on roughly 50 to 75-meter step outs east and west to extend mineralization along strike. Ryan's Surprise is located 1.5 km west of the Golden Saddle deposit, along a 6.5 km long x 1 km wide north-northwest trend of anomalous gold and arsenic in soils (\"Ryan's Trend\"), which also hosts several other prospective early-stage targets in close proximity with significant surface gold mineralization and represent further potential for expansion of this project.
Arc Deposit
The Arc deposit contains 115,800 oz Indicated (4.113 Mt @ 0.88 g/t Au) and 397,000 oz Inferred (12.25 Mt @ 1.01 g/t) across a 1.5 km strike length and down to an average vertical depth of approximately 100 m defined by 73 drill holes for a total of approximately 15,000 m (1)(2). Limited drilling on mineralization, particularly below 120 m vertical, presents a significant potential growth opportunity to add additional ounces to the mineral resource estimate in additional to expansion in other directions. In 2026 we completed 1029 metres from 4 holes, representing a roughly 7% increase to the meters drilled on the Arc deposit. Drill focused on nearest surface ounce growth on the west side of the arc deposit.
2026 Drill Program - Near Resource Discovery Opportunities
Multiple days of prospecting and mapping have been completed to further evaluate discovery stage targets across the White property identified with a combination of geophysics, elevated Au in soil anomalies, regional structural mapping, and surface geochemistry signatures. A large suite of hand specimens has been collected and sent to the lab for analysis.
Golden Saddle 2.0
The Golden Saddle 2.0 target represents one of the highest-priority near-resource growth opportunities on the White Gold Project. Located approximately 2.5 km east-southeast of the Golden Saddle deposits, this target sits on the south side of the east-west strike-slip sinistral fault that acts as a primary structural control on the Golden Saddle and Arc deposits (Figure X).
Extensive spatial and geophysical analysis reveals that Golden Saddle 2.0 possesses a geological and geophysical signature remarkably similar to Golden Saddle. The target is defined by distorted, high-gradient magnetic signature where north-south trending magnetic lineaments - interpreted as thrust faults - intersect the main east-west sinistral fault. This fault-intersection geometry creates a classic dilatational \"sweet spot\" for orogenic gold mineralization, characterized by near-fault brecciation and a low-pressure environment ideal for fluid flow and gold precipitation. The area is further supported by mapped ultramafic units and a robust gold-in-soil anomaly that trends east west, like Golden Saddle. Collected 2026 rock samples demonstrated a suite of lithologies, alterations, structural fabrics, and mineralization compared to the Golden Saddle deposit, which refined drill targeting in 2026. Nine holes totalling 2,643.95 metres were drilled across the target area with assays still pending.
VG East Target
Situated roughly 1.3 km ENE of the currently defined nearly 300,000-ounce Au VG Deposit, this target sits on the south side of the same structure responsible for the mineralization seen at VG. A 500-meter by 200-meter-high Au-in-soil anomaly that remains yet to be drilled. Current interpretation suggests faulting potentially displaced a portion of the VG deposit to the East. Four holes totalling 953 m were drilled at VG East in 2026, the first drilling on this target; assays are pending.
Qualified Person
Dylan Langille, P.Geo. and Vice President of Exploration for the Company is a \"qualified person\" as defined under National Instrument 43-101 - Standards of Disclosure of Mineral Projects and has reviewed and approved the content of this news release.
About White Gold Corp.
The Company owns a portfolio of 15,364 quartz claims across 19 properties covering 303,001 hectares (3,030 km²) representing approximately 40% of the Yukon's emerging White Gold District. The Company's flagship White Gold Project hosts four near-surface gold deposits (Golden Saddle, Arc, VG and Ryan's Surprise). A Preliminary Economic Assessment (\"PEA\") on the White Gold Project outlines a 9.4-year, 12,000 tonne per day open pit operation producing an average of 188,000 ounces of gold per year (223,000 ounces per year over the first five years), with an after-tax NPV(5%) of C$1.86 billion, an after-tax IRR of 41% and a 1.5-year payback period at a base case gold price of US$3,600/oz (see the Company's news release dated September 25, 2026)(5)(2). Regional exploration work has also produced several other new discoveries and prospective targets on the Company's claim packages which border sizable gold discoveries including the Coffee Project owned by Talamore Mining (formerly Fuerte Metals) with Measured and Indicated Resources of 80.2 Mt grading 1.15 g/t Au for 2.96 million ounces of gold, and Inferred Resources of 21.2 Mt grading 1.17 g/t Au for 0.80 million ounces of gold (3)(2), and Western Copper and Gold Corporation's Casino Project which has Measured and Indicated Resources of 2,490.7 Mt grading 0.18 g/t Au, 0.14% Cu for 14.8 million ounces of gold and 7.6 billion pounds of copper, and Inferred Resources of 1,412.5 Mt grading 0.14 g/t Au, 0.10% Cu for 6.3 million ounces of gold and 3.1 billion pounds of copper (4)(2). The Company is strategically supported by its major shareholder Agnico Eagle Mines Limited. For more information visit www.whitegoldcorp.ca.
(1) See White Gold Corp. technical report titled \"2025 Technical Report for the White Gold Project, Dawson Range, Yukon, Canada\", Effective Date August 19, 2025, Report Date August 19, 2025, NI 43-101 Compliant Technical Report prepared by Gilles Arseneau, P.Geo., available on SEDAR+.
(2) All numbers are rounded. Overall numbers may not be exact due to rounding.
(3) See Fuerte Metals press release titled \"Fuerte Announces Transformational Acquisition of the Coffee Project from Newmont Corporation\" dated September 15, 2025.
(4) See Western Copper and Gold Corporation technical report titled \"Casino project, Form 43-101F1 Technical Report Feasibility Study, Yukon Canada\", Effective Date June 13, 2022, Issue Date August 8, 2022, NI 43-101 Compliant Technical Report prepared by Daniel Roth, PE, P.Eng., Mike Hester, F Aus IMM, John M. Marek, P.E., Laurie M. Tahija, MMSA-QP, Carl Schulze, P.Geo., Daniel Friedman, P.Eng., Scott Weston, P.Geo., available on SEDAR+.
(5) See White Gold Corp. technical report titled \"Preliminary Economic Assessment, White Gold Project, Yukon\" Effective Date November 1, 2025, Report Date September 24, 2026 NI-43101 Compliant Technical Report prepared by Brandon Chambers, P.Eng., Tad Crowie, P.Eng., Tysen Hantelmann, P.Eng., Michael Levy, P.E., Gilles Arseneau, P.Geo., Danial Ruane, P.Eng., available on SEDAR+.
PEA Cautionary Statement: The reader is advised that the PEA summarized in this news release is only a conceptual study of the potential viability of the White Gold Project, and the economic and technical viability of the White Gold Project and its estimated Mineral Resources has not been demonstrated. The PEA is preliminary in nature and provides only an initial, high-level review of the White Gold Project's potential and design options; there is no certainty that the PEA will be realized. The PEA conceptual mine plan and economic model include numerous assumptions and Mineral Resource estimates including Inferred Mineral Resource estimates. Inferred Mineral Resource estimates are considered to be too speculative geologically to have any economic considerations applied to such estimates. There is no guarantee that Inferred Mineral Resource estimates will be converted to Indicated or Measured Mineral Resources, or that Indicated or Measured Mineral Resources can be converted to Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability, and as such there is no guarantee the White Gold Project economics described herein will be achieved.
Cautionary Note Regarding Forward-Looking Information
This news release contains \"forward-looking information\" and \"forward-looking statements\" (collectively, \"forward-looking statements\") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as \"expects\", or \"does not expect\", \"is expected\", \"anticipates\" or \"does not anticipate\", \"plans\", \"proposed\", \"budget\", \"scheduled\", \"forecasts\", \"estimates\", \"believes\" or \"intends\" or variations of such words and phrases or stating that certain actions, events or results \"may\" or \"could\", \"would\", \"might\" or \"will\" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, the Company's objectives, goals and exploration activities conducted and proposed to be conducted at the Company's properties; future growth potential of the Company, including whether any proposed exploration programs at any of the Company's properties will be successful; exploration results; and future exploration plans and costs and financing availability.
These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include:
The expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the White Gold properties; failure to identify any additional mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Company's properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; and those factors described under the heading \"Risks Factors\" in the Company's annual information form dated July 29, 2020 available on SEDAR+. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
For Further Information, Please Contact:
Contact Information:
David D'Onofrio
Chief Executive Officer
White Gold Corp.
(647) 930-1880
ir@whitegoldcorp.ca
Request Meeting: https://calendly.com/meet-with-wgo/15min
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Vancouver, British Columbia--(Newsfile Corp. - October 20, 2026) - NexMetals Mining Corp. (TSXV: NEXM) (NASDAQ: NEXM) (the \"Company\" or \"NexMetals\") is pleased to announce an updated Mineral Resource Estimate for Selebi North (the \"2026 Selebi North MRE\"), one of two deposits comprising its past-producing Selebi copper-nickel-cobalt mines in Botswana. The 2026 Selebi North MRE, together with the previously announced Mineral Resource Estimate for Selebi Main (the \"2026 Selebi Main MRE\"; see news release dated October 1, 2026), comprise 8.95 million tonnes of Indicated Mineral Resources and 41.95 million tonnes of Inferred Mineral Resources (collectively, the \"2026 MRE\"). The 2026 MRE was completed by The MSA Group (\"MSA\") of Johannesburg, South Africa. Table 1 below compares the 2026 MRE with the 2024 Mineral Resource Estimate (\"2024 MRE\") for both deposits.
Table 1: 2024 MRE compared to the 2026 MRE
| Resource Category | Metric | 2024 | 2026 | % Change |
| Selebi North Indicated | Tonnage (Mt) | 3.00 | 8.95 | +198% |
| Copper grade (%) | 0.90 | 1.03 | +14% | |
| Nickel grade (%) | 0.98 | 1.08 | +10% | |
| Cobalt grade (%) | — | 0.06 | New | |
| Contained CuEq (Mlbs) | — | 412 | — | |
| Selebi North and Main Combined Inferred | Tonnage (Mt) | 24.72 | 41.95 | +70% |
| Copper grade (%) | 1.50 | 1.45 | −3% | |
| Nickel grade (%) | 0.92 | 1.01 | +10% | |
| Cobalt grade (%) | — | 0.05 | New | |
| Contained CuEq (Mlbs) | — | 2,255 | — |
Highlights:
2026 Selebi North MRE
Indicated Mineral Resources nearly triple to 8.95 million tonnes grading 1.03% copper and 1.08% nickel, from 3.00 million tonnes grading 0.90% copper and 0.98% nickel in 2024.
Inferred Mineral Resources increases 63% to 9.48 million tonnes grading 1.21% copper and 1.13% nickel, from 5.83 million tonnes grading 0.90% copper and 1.07% nickel in 2024.
Drilling drives resource growth and conversion. An additional 42,633 metres in 92 holes since the June 30, 2024 data cut-off supported resource expansion and conversion of approximately 20% of previously Inferred Mineral Resources to Indicated Mineral Resources, strengthening confidence for future mine planning.
Updated economic and technical inputs. The 2026 Selebi North MRE reflects updated metal price assumptions of US$5.10/lb copper, US$9.10/lb nickel and US$20.00/lb cobalt and incorporates previously reported metallurgical results demonstrating the ability to produce separate, clean copper and nickel concentrates that meet commercial smelter specifications (see news releases dated (September 3, 2025, and October 22, 2025).
New Geological Findings and Interpretations Underway
Selebi North's South Limb turns toward Selebi Main at depth, giving the first geological basis for a connection between the two deposits. Previously, the interpreted orientations of the two deposits did not suggest convergence, leaving limited geological support for potential continuity through the interpreted \"Hinge Zone\". New drilling establishes the South Limb flattening at depth and turning toward Selebi Main. That geometry is consistent with earlier borehole electromagnetic (\"BHEM\") surveys indicating continuity between the deposits. Both copper and nickel grades strengthen down plunge at Selebi North. Together, the structural, geophysical and geochemical evidence supports prioritizing the area between the deposits for further exploration.
Magnesium-rich rocks point to a possible intrusive keel. Continuing work by Dr. Peter Lightfoot, PhD, P.Geo., consulting geologist to the Company and internationally recognized nickel sulphide specialist and former Chief Geologist at Inco/Vale, has re-interpreted the Selebi intrusive system. Rocks historically logged as \"amphibolite\" are now recognized as a suite of primary igneous rock types — olivine pyroxenite, pyroxenite, olivine melagabbronorite and gabbronorite — altered to varying degrees. The most magnesium-rich of these, in previously released deep holes SMD-25-202 and SMD-25-204, both down plunge of the Selebi North South Limb toward Selebi Main, retain fresh olivine, the first silicate to crystallize from a magnesian nickel-bearing magma. Rocks of this kind are characteristic of the keel of an intrusion — its deepest, downward-projecting part, where dense magmatic sulphide can accumulate. Together with the structural study underway by TECT Geological Consulting, this work is defining the intrusion's geometry and the controls on sulphide distribution and is generating targets for further nickel-copper exploration.
Significant resource growth in 2026 and important geological findings set the stage for further expansion. Drilling at Selebi Main materially extended mineralization, while Selebi North's South Limb extends down plunge and turns toward Selebi Main. This emerging geological evidence of a potential connection, together with indications of an intrusive keel, points to potential growth opportunities within and between the deposits.
Project Funding Review & Selkirk PEA
Project funding review. Earlier this year, the Company engaged National Bank of Canada Capital Markets as financial advisor to evaluate project funding alternatives for its assets, with a focus on minimizing dilution to existing shareholders. The Company is working diligently to conclude its review. There can be no guarantee that this review will result in a transaction.
Selkirk Technical Study Advances. The Company has engaged DRA Global to complete a Preliminary Economic Assessment (\"PEA\") for Selkirk while the Company evaluates a range of strategic options for the asset.
Sean Whiteford, CEO of the Company, commented: \"With 8.95 million tonnes Indicated Mineral Resources and 41.95 million tonnes Inferred Mineral Resources, and both deposits still open, we believe Selebi has the potential to become a world-class copper-nickel sulphide project. Growth in our mineral resources at both Selebi North and Selebi Main has exceeded our expectations and demonstrates the value of our investment in drilling and metallurgical work in 2025 and 2026.\"
\"At Selebi North, we've nearly tripled the Indicated Mineral Resource while increasing copper and nickel grades, and the South Limb is changing direction toward Selebi Main. At Selebi Main, wide-spaced drilling has rapidly expanded tonnage in the newly defined Flexure Zone, delivering higher grades and thicker intersections. Dr. Peter Lightfoot's interpretation of deep drilling, which is detailed later in the press release, also supports further investigation of a potential intrusive keel, adding another dimension to our exploration targeting.\"
\"These developments could have positive implications for future mine design and project economics. While we continue to advance the Selebi PEA, we are allowing additional time to better understand the scale and geometry of the expanding resource, inform the placement of critical infrastructure and evaluate alternative restart options. The structural study underway with TECT Geological Consulting will support this work by refining our understanding of the orebody's geometry and structural controls. The Company will provide further updates on the Selebi PEA, including expected completion timing, as the study advances.\"
\"We continue to prioritize expenditures across drilling and technical studies, aligning the pace of work with available capital and directing the Company towards the opportunities we believe offer the greatest value creation for shareholders.\"
![\"Cannot](\"https://images.newsfilecorp.com/files/7759/319913_4cd39927d4d0aa00_002full.jpg\")
Figure 1: Long section of Selebi Mines highlighting the 2026 Selebi Main and Selebi North MREs.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7759/319913_4cd39927d4d0aa00_002full.jpg
![\"Cannot](\"https://images.newsfilecorp.com/files/7759/319913_4cd39927d4d0aa00_003full.jpg\")
Figure 2: Selebi North's South Limb turns toward Selebi Main at depth, suggesting a potential connection between the deposits.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7759/319913_4cd39927d4d0aa00_003full.jpg
Ultramafic Rocks and Potential Intrusive Keel
Dr. Peter Lightfoot's examination of the most magnesium-rich rocks in previously released deep holes SMD-25-202 and SMD-25-204 provides further insight into the Selebi intrusive system. Both holes lie down plunge of the Selebi North South Limb, in the direction of Selebi Main.
Rocks historically logged as \"amphibolite\" are now recognized as a suite of primary igneous rock types, altered to varying degrees to amphibolite. They are interpreted to fall into four main groups: olivine pyroxenite, pyroxenite, olivine melagabbronorite and gabbronorite. A thin section from the most magnesium-rich sample in SMD-25-204 contains fresh olivine, the first silicate to crystallize from a magnesian nickel-bearing magma. Rocks of this kind are characteristic of the keel of an intrusion, its deepest, downward-projecting part, where dense magmatic sulphide can accumulate.
Mafic-ultramafic intrusive rocks relate to nickel sulphide ore in two distinct ways:
Both processes may have operated in the prospective, approximately 1.5-2 km-long corridor between Selebi North and Selebi Main: primary sulphide concentrated in the keel, then redistributed by folding. Distinguishing their effects will help determine whether exploration follows the magnesium-rich rocks directly or the structures that control them.
Table 2: 2026 Selebi Mines Resource Estimate as of October 16, 2026
| Tonnage | Grade | Contained Metal | |||||||
| Classification | Deposit | (Mt) | Cu (%) | Ni (%) | Co (%) | Cu (Mlbs) | Ni (Mlbs) | Co (Mlbs) | Total (Mlbs CuEq) |
| Indicated | Selebi North | 8.95 | 1.03 | 1.08 | 0.06 | 204 | 214 | 11 | 412 |
| Total | 8.95 | 1.03 | 1.08 | 0.06 | 204 | 214 | 11 | 412 | |
| Inferred | Selebi Main Upper Zone | 23.52 | 1.61 | 1.05 | 0.05 | 834 | 546 | 28 | 1,365 |
| Selebi Main Lower Zone | 8.95 | 1.31 | 0.77 | 0.04 | 259 | 153 | 8 | 407 | |
| Selebi North | 9.48 | 1.21 | 1.13 | 0.06 | 253 | 236 | 12 | 483 | |
| Total | 41.95 | 1.45 | 1.01 | 0.05 | 1,345 | 935 | 48 | 2,255 |
Mineral Resource Data and Quality Control
The historical sampling data collected by the previous owner and operator, BCL Limited (\"BCL\") included Ni and Cu assays. The historical data was verified by NexMetals through drilling of new underground holes and visual inspection of exposed mineralization in underground workings. The data compared within reasonable limits given the variability of the mineralization.
The geological database used in the Selebi North MRE included 175 NexMetals drillholes, completed in 2023, 2024 and 2025, drilled at various inclinations and directions from underground workings. BCL drilled numerous horizontal resource definition holes as horizontal fans on each sublevel. Channel samples were cut perpendicularly across the mineralization exposed in the 10 m to 15 m vertically spaced sill drives at 10 m intervals along strike using a saw with rotating diamond impregnated blades. In many cases, diamond drilling extended the channel sample intercept into either or both sidewalls where the mineralization was not fully exposed in the sill drive. MSA examined the BCL data in and immediately surrounding the unmined areas for spatial consistency with the underground workings and included the validated data in the estimation data. Historical surface drillholes were not used in the estimate due to discrepancies in the position of mineralized intercepts relative to underground acquired data. Given the voluminous underground drilling and channel sampling database, the exclusion of the BCL surface drillhole data is not significant to the estimate.
The BCL assays were completed at the BCL Phikwe Laboratory. At the time of preparation and analysis, the BCL-owned laboratory was not independent of the operator and accredited only for high grade matte analyses, but not for exploration grade analyses. Ni and Cu were analysed by flame atomic absorption spectrometry. Relative density measurements were obtained by water immersion method.
The NexMetals drill core was logged, photographed and marked for sampling in nominal lengths of one metre. The core samples were cut in half longitudinally using a rotating diamond saw. The core samples were given a unique sample reference number, bagged and despatched to ALS Laboratories Ltd. in Johannesburg, South Africa for analysis (SANAS Accredited Testing Laboratory, No. T0387). Samples were analysed for Ni, Cu, and Co using a peroxide fusion preparation and inductively coupled plasma atomic emission spectrometry (ICP-AES) finish (ME-ICP81). Analyses for Pt, Pd, and Au were by fire assay (30 g nominal sample weight) with an ICP-AES finish (PGMICP23), also by ALS. Ag was analysed using a 4-acid digest and ICP-AES finish (ME-ICP61). Specific gravity measurements were also completed by ALS on pulps of selected samples.
The NexMetals drilling was subjected to a comprehensive programme of quality assurance and quality control by NexMetals, independent of the laboratories' own QAQC measures, including certified reference materials (5%), blank samples (5%), coarse duplicate samples (5%) and pulp duplicate samples (5%). The Qualified Person, Mr. J.C. Witley (BSc Hons, MSc (Eng.)), is satisfied that the assay results are of sufficient accuracy and precision for use in Mineral Resource estimation.
Mineral Resource Estimate
The 2026 Selebi North MRE was completed by The MSA Group in Johannesburg, South Africa.
The Mineral Resource was estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Best Practice Guidelines and is reported in accordance with the 2014 CIM Definition Standards, which have been incorporated by reference into National Instrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI 43-101\").
The deposit can be described as a metamorphosed magmatic nickel-copper sulphide deposit. Mineralization is hosted with a folded amphibolite unit that is structurally complex and comprises two main fold structures that are contiguous forming two antiformal structures separated by a synformal structure. The limbs and the fold closures are mineralized and define three main zones with differing geological characteristics known as the South Limb, N2 and N3. The synformal area between the N2 and N3 and towards the southern part of the South Limb tend to have more variable mineralization The mineralization plunges approximately 40° to 45° towards the west to west-southwest, although a change in the plunge direction towards the southwest is interpreted in the deeper areas. The northern limbs to each fold structure are subvertical, whereas the southern limbs tend to be more moderately dipping and variable at an average of approximately 40°to the southeast. The South Limb and South Limb-N2 fold closure generally hosts the thickest intervals of mineralization, whereas the N3 Limb hosts the highest grades. Mineralization can reach thicknesses of up to 30 m in the fold closure areas and can narrow to 10's of cm in the N3 and pinch out locally. Mineralization at Selebi North comprises massive, semi-massive and disseminated sulphides contained within a unit of amphibolite that is surrounded by undifferentiated quartzo-feldspathic and mafic gneisses. In the wider portions of the deposit a distinct schistose amphibolite unit occurs which generally forms the footwall to the potentially economic mineralization, however locally mineralization can extend to within it. Massive sulphide tends to be preferentially developed near the hangingwall contact with the gneiss.
NexMetals drilling intersected nickel-copper sulphides at depths of up to approximately 1,550 m below surface. Stoping has depleted the Mineral Resource from near surface to between approximately 850 m and 900 m below surface.
Cobalt and silver occur within the nickel-copper sulphide mineralization, with sufficient cobalt data to include in the 2026 MRE; however, silver assays are not available over much of the Mineral Resource extent and have not been included in the 2026 Selebi North MRE. Minor concentrations of platinum and palladium occur within the nickel-copper sulphide mineralization for which economic potential has not been established and, similarly to silver, platinum and palladium assays do not cover the full extent of the Mineral Resource. Sulphide mineralogy is primarily pyrrhotite, chalcopyrite and pentlandite.
All recent exploration at the project, since the closure of the mine, was completed by NexMetals between 2022 and 2026. All prior exploration work of relevance to the 2026 Selebi North MRE was completed by the previous operator, BCL, up until 2016, this being the underground drilling and channel sampling that exist within the top 50 m of the mineral resource and inform less than 10% of the Mineral Resource Estimate. The drilling completed since the 2024 MRE allowed for refinement of the previous interpretation and extension to the previously defined resource area. No additional exploration data have been collected since the last assays were received by NexMetals on 26 April 2026.
Geological modelling was undertaken in Leapfrog Geo utilising implicit modelling. Mineralized intercepts were defined in the drillhole and channel sample data based on thickness, lithology and grade. Intercepts were selected based on an approximate threshold Net Smelter Return (NSR) value of US$70/t using nickel, copper and cobalt grades, while ensuring geological continuity between closely spaced intercepts. Given the strong association of the higher grade mineralisation with the hangingwall contact of the amphibolite with the enclosing gneiss this was used as the preferred hangingwall contact during modelling to ensure geological continuity. A minimum thickness of 1.5 metres was used to allow for a potential minimum mining width, and in some cases dilution outside the mineralized vein was included.
Variography was completed using Datamine Supervisor software. Ellipsoids were orientated in the plane of mineralization with anisotropy along the mineralization plunge. Nickel, copper, and cobalt grades and density were interpolated into a non-rotated block model with a parent cell size of 5 mX by 5 mY by 5 mRL using ordinary kriging. The Datamine process of \"Dynamic Anisotropy\" was used to modify the search ellipse to changes in the mineralization orientation. Volumes representing mined voids were removed and NSR was then calculated for each block model cell using the estimated grades, metal prices, recoveries, off-site costs and payabilities. The Mineral Resource was classified into the Indicated and Inferred categories, taking into account data quality, geological modelling uncertainty, drillhole spacing, drillhole intersection angle and kriging outputs. The majority of the Inferred Mineral Resource is informed by drillholes with an approximate spacing of 100 metres and the majority of the Indicated Mineral Resource is informed by drillholes with an approximate spacing of 50 metres or significantly less close to the mined areas. The Mineral Resource extent was extrapolated a maximum of 50 metres along strike taking into account the mineralization trends and surrounding data.
The Mineral Resource was reported using a NSR value above US$75/t and a minimum thickness of 1.5 metres. Block model estimates of less than US$75/t NSR are included within the Mineral Resource in areas where it was considered not feasible to mine selectively around them. Areas of the block model were excluded in low grade areas where there is no potential to define a mineable block above US$75/t NSR. Using concentrate processing costs of US$20.00/tonne, G&A of US$5.50/tonne, mining costs of US$47.60/tonne and royalties of 3% for base metals, the Mineral Resource satisfies cut-off grade criteria and the QP considers that reasonable prospects for eventual economic extraction (RPEEE) for the Mineral Resource have been demonstrated.
Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. There is no certainty that any Mineral Resources will be converted into Mineral Reserves. The quantity and grade of reported Inferred Mineral Resources in the 2026 MRE are uncertain in nature, there has been insufficient exploration to define these Inferred Mineral Resources as an Indicated or Measured Mineral Resource, and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured Mineral Resource category.
Qualified Persons
Mr. J.C. Witley (BSc Hons, MSc (Eng.)) is a geologist with more than 35 years' experience in base and precious metals exploration and mining as well as Mineral Resource evaluation and reporting. He is Head of Mineral Resources for The MSA Group (an independent consulting company), is registered as Pr.Sci.Nat. with the South African Council for Natural Scientific Professions (SACNASP) and is a Fellow of the Geological Society of South Africa (GSSA). Mr. Witley has the appropriate relevant qualifications and experience to be considered a \"Qualified Person\" for the style and type of mineralization and activity being undertaken as defined in NI 43-101 and is considered independent of NexMetals pursuant to NI 43-101. Mr. Witley has reviewed and approved the technical and scientific information within this news release pertaining to the 2026 MRE.
Verification by Mr. Witley included a site visit to inspect historical mineralized core, observe existing infrastructure on surface and underground, examine mineralization in underground drives, and verify several surface drillhole collar locations (both historical and recent). The mineralization in 16 NEXM holes was inspected by the QP together with the sample assay results to verify the magnitude of the mineralization copper and nickel grades. In addition, a selection of samples collected by NexMetals have been verified against independently accessed assay certificates, and a random selection of historical database results have been compared against digital records.
Sharon Taylor, MSc, P.Geo., Vice President, Geophysics of the Company, a \"qualified person\" as defined under NI 43-101, has reviewed and approved all other scientific and technical information in this news release other than the information pertaining to the 2026 MRE and the information approved by Dr. Lightfoot.
Dr. Peter Lightfoot, PhD, P.Geo., a Consulting Geologist to the Company, a \"qualified person\" as defined under NI 43-101, has reviewed and approved the scientific and technical information in this news release relating to the geology, petrology and lithogeochemistry of the Selebi intrusive system, including the information under the headings \"Magnesium-rich rocks point to a possible intrusive keel\" and \"Ultramafic Rocks and Potential Intrusive Keel\".
Technical Report
The 2026 MRE will be supported by a NI 43-101 Technical Report to be filed within 45 days of the Company's news release dated October 1, 2026.
Clarification Regarding Engagement Agreement
Further to the Company's news release dated October 1, 2026, the Company wishes to clarify that its engagement agreement with SRC Swiss Resource Capital AG has a 6-month term extending until March 1, 2027.
About NexMetals Mining Corp.
NexMetals Mining Corp. is a TSX.V and NASDAQ listed mineral exploration and development company focused on redeveloping the past-producing Selebi and Selkirk copper-nickel-cobalt-platinum group element mines in Botswana. At Selebi, NexMetals has confirmed the scale of mineralization is larger than historical estimates, supported by NI 43-101- and Regulation S-K 1300-compliant resource estimates, with ongoing down-hole geophysics, drilling, and metallurgical programs aimed at expanding resources and supporting future economic studies. The Company is led by an experienced management and technical team with a proven track record in global mineral projects, emphasizing disciplined execution, transparent governance, and long-term stakeholder value creation.
For further information about NexMetals Mining Corp., please contact:
Sean Whiteford
CEO
info@nexmetalsmining.com
1-866-794-NEXM (6396)
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Neither the TSX Venture Exchange and its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Nasdaq Stock Market LLC accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Cautionary Note Regarding Forward-Looking Statements
This news release contains \"forward-looking statements\" within the meaning of the United States federal securities laws and \"forward-looking information\" within the meaning of applicable Canadian securities legislation (collectively, \"forward-looking information\") based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. For the purposes of this release, forward-looking information includes, but is not limited to, the 2026 MRE; the filing of a Technical Report prepared in accordance with NI 43-101 supporting the 2026 MRE and the timing thereof; the potential conversion of Inferred Mineral Resources to Indicated Mineral Resources and increased confidence for future mine planning; the potential geological connection and continuity between the Selebi North and Selebi Main deposits through the Hinge Zone; the potential presence of an intrusive keel and the prospectivity of the corridor between Selebi North and Selebi Main; the results and timing of the structural study by TECT Geological Consulting; the generation of exploration targets and the direction and focus of future exploration; the deposits remaining open and the potential for further resource growth within and between the deposits, including at depth at the Selebi Mine and within the Flexure Zone; Selebi's potential to become a world-class copper-nickel sulphide project; the ability to produce separate, clean copper and nickel concentrates that meet commercial smelter specifications; the potential implications of the expanding resource for mine design and project economics; the additional time taken for the Selebi PEA, the evaluation of alternative restart options and the timing and scope of further drilling and technical work; the Company's Project Funding Review for the Company's assets, including its scope, progress, the timing and completion, and the potential outcomes of that process, including minimizing dilution to existing shareholders; the completion of a PEA for Selkirk by DRA Global; and the Company's plans to prioritize expenditures, align the pace of work with available capital and direct the Company towards the opportunities it believes offer the greatest value to shareholders. These forward-looking statements, by their nature, require the Company to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements.
Forward-looking information is based on a number of material assumptions that management believes to be reasonable as at the date of this news release, including, but not limited to: the accuracy of the 2026 MRE and the key inputs and parameters on which it is based, including long-term metal prices, metallurgical recoveries, payabilities, off-site costs, royalties, mining, processing and G&A cost assumptions and the NSR cut-off value; the reliability of historical data collected by BCL; the validity of the Company's current geological, structural, geophysical and geochemical interpretations; the continuity of mineralization between drillholes and down plunge; the availability of drilling equipment, personnel and contractors; the Company's ability to obtain financing on acceptable terms when needed; currency exchange rates consistent with current expectations; the Project Funding Review and the Selkirk PEA proceeding substantially as currently anticipated; the receipt of required governmental, environmental and other approvals and permits in a timely manner; the absence of material adverse changes in the political, regulatory, fiscal and economic environment in Botswana, including royalty and tax regimes; and the continued engagement and performance of the Company's consultants and advisors.
Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, the uncertainty inherent in Mineral Resource estimates, including that Inferred Mineral Resources are subject to a high degree of uncertainty and may not be upgraded to Indicated or Measured Mineral Resources, and that Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability; the reliability of historical data, including assays completed by a laboratory that was not independent and was not accredited for exploration grade analyses; risks associated with historical mining, including mined-out voids and areas depleted or sterilized by mining; fluctuations in copper, nickel and cobalt prices; fluctuations in currency exchange rates; changes in metallurgical recoveries, payabilities and capital and operating costs from those assumed, including the risk that the two-concentrate scenario cannot be achieved at commercial scale; the preliminary nature of drilling, geophysical and metallurgical results and of current geological interpretations, including that further drilling may not confirm a connection between Selebi North and Selebi Main, the presence of an intrusive keel or the continuity of mineralization; the ability of exploration results to predict mineralization; the risk that the Company will not be able to expand or enhance its current Mineral Resource estimates; the ability of the Company to implement its drilling, geoscience and metallurgical work and work plans generally; risks relating to the additional time needed for the Selebi PEA; including the risk that no viable restart option is identified or that any restart option requires significant capital, permitting or time; prefeasibility or the feasibility of mine production; the risk that the Project Funding Review may not result in a transaction on favourable terms to the Company or at all; the risk that the Selkirk PEA may not be completed when anticipated or may not produce favourable results; delays in, or the inability to file, the Technical Report within the required time; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; title risks; political, regulatory, fiscal and economic risks associated with operating in Botswana, including changes to royalty and tax regimes; dependence on key personnel, consultants and advisors; the Company's ability to maintain its listings on the TSX Venture Exchange and the Nasdaq Stock Market; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Company's filings with the SEC on EDGAR (www.sec.gov) and in Canada on SEDAR+ (www.sedarplus.ca), in each case, under the Company's issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319913
VANCOUVER, British Columbia, Oct. 20, 2026 (GLOBE NEWSWIRE) -- Miata Metals Corp. (TSXV: MMET; FSE: 8NQ; OTCQX: MMETF) (“Miata” or the “Company”) is pleased to report assay results from 14 diamond drill holes from its ongoing 25,000 m drill program at its Sela Creek Gold Project (“Sela Creek” or the “Project”) in Suriname.
The results are highlighted by hole 26DDH-JT-025, which intersected 43.0 m at 2.42 g/t gold from 191.0 m, including 4.0 m at 17.11 g/t gold. JT-025 also intersected a separate, shallower interval intersecting 25.6 m at 1.96 g/t gold from 132.0 m, including 1.49 m at 17.51 g/t gold. Assays from four holes drilled in between the existing discovery zones now confirm continuity of mineralization over 1.5 km, spanning from Jons Trend to Big Berg.
Highlights:
“We are excited to be drilling these high gold grades over wide intervals at Jons Trend. JT-025 returned 43 m grading 2.42 g/t Au, including 4 m at 17.11 g/t Au, and is an approximately 130 m step out hole from 26DDH-JT-023 that previously yielded 35.25 m at 3.41 g/t Au. Substantial mineralization at Jons Trend is now extended to 1.5 km strike length and contains high-grade zones over significant distance. With gold mineralization at Jons Trend starting at surface and extending to at least 250 m depth, these results support further evaluation of Jons Trend as a potential open-pit target. We continue to drill test the high-grade zones, which remain open to the southwest, while expanding on the strike length and depth,” stated Dr. Jacob (Jaap) Verbaas, CEO of Miata Metals.
Evidence of 1.5 km Continuously Mineralized Corridor:
Results from four holes drilled in between Jons Trend and Big Berg confirm that these discoveries are connected and are part of a larger mineralized system. Spanning approximately 1.5 km in length, the combined zones remain open along strike and at depth, and Miata will continue to drill to establish further continuity and define the corridor’s limits.
Gold in each of the targets throughout the system is hosted in a moderately southwest-dipping, southeast-trending folded metasedimentary package that displays shear zones along fold limbs and hinges with pervasive silica, sericite, and biotite alteration. These zones host repeating extensional quartz vein arrays associated with sulfide mineralization dominated by pyrite and pyrrhotite. The mineralized system remains open along the tested WNW–ESE axis in both directions and at depth.
![\"Figure](\"https://ml.globenewswire.com/Resource/Download/6d7007c5-b72d-425f-8ac6-23ce3352eddb/image1.png\")
Figure 1. Plan view showing the Jons Trend and Big Berg zones, which are now proven to connect through drilling, drill collars and traces, and interpreted mineralized zones.
Jons Trend Drilling:
The latest Jons Trend results comprise holes 26DDH-JT-024 and 26DDH-JT-025, drilled in the southeastern and northwestern parts of the trend, respectively. 26DDH-JT-025 was a 130 m step-out from 26DDH-JT-023 (released September 29, 2026, returning 35.25 m at 3.41 g/t Au), and confirmed the continuation of a broad, high-grade vein zone. The hole returned two broad mineralized intervals:
JT-024 returned several narrower intervals, including 3.0 m at 1.28 g/t Au from 115.2 m, 3.0 m at 1.61 g/t Au from 203.0 m and 10.99 m at 0.75 g/t Au from 229.5 m. The results show structurally controlled repeating vein array that is continuous and open at depth and along strike.
![\"Figure](\"https://ml.globenewswire.com/Resource/Download/7657dda4-a52a-40a4-997b-8e2aff286031/image2.jpeg\")
Figure 2. SSW-NNE cross-section (A-A’ in Figure 1) through northwestern Jons Trend area showing 26DDH-JT-025 trace and its intercepts of 43.0 m at 2.42g/t Au and 25.6 m at 1.96 g/t Au.
Connecting Jons Trend and Big Berg:
26DDH-GH-001 tested a mineralized vein zone parallel to and approximately 500 m east of Jons Trend. Four holes, 26DDH-GH-002 through GH-005, tested the central corridor between Jons Trend and Big Berg. All holes intersected multiple mineralized vein zones. Bedrock results include:
Near-surface saprolite results include 14.0 m at 1.09 g/t Au in 26DDH-GH-002, 20.1 m at 1.19 g/t Au in GH-004 and 9.5 m at 0.80 g/t Au in 26DDH-GH-005. Similar to mineralization at Jons Trend and Big Berg, these holes show mineralization hosted in moderately southwest-dipping quartz vein arrays that are associated with pervasive silica, sericite, and biotite alteration and pyrite plus pyrrhotite. As well as confirming a new vein zone in the intervening corridor, these drilling results clearly link the Big Berg and Jons Trend discoveries.
![\"Figure](\"https://ml.globenewswire.com/Resource/Download/b9fa47a2-8b55-403f-8dbf-064442ac7a13/image3.png\")
Figure 3. SSW-NNE cross-section (B-B’ in Figure 1) showing highlight intercepts in GH-002, -003, -004 and -005. These results connect the Jons Trend and Big Berg discoveries.
Big Berg Drilling:
Results from 26DDH-BB-014 through BB-020 returned mineralized intervals to the west and northwest of existing drilling at Big Berg. Highlights include two broad intervals in 26DDH-BB-015 (13.0 m at 1.64 g/t Au from 60.0 m and 14.1 m at 2.23 g/t Au from 80.5 m), as well as 18.45 m at 1.37 g/t Au from 223.8 m in 26DDH-BB-017. The results show mineralization in multiple holes and at different depths, expanding the known mineralized footprint of Big Berg by approximately 150 m in both west and northwest directions. The next planned Big Berg drilling phase is designed to further infill between Jons Trend and Big Berg and to test the southeastern extension of known mineralization.
![\"Figure](\"https://ml.globenewswire.com/Resource/Download/a3fde647-e3b5-4c2e-a6bf-12e210206304/image4.jpeg\")
Figure 4. SSW-NNE cross-section (C-C’ in Figure 1) showing highlight intercepts in BB-014 to -020 (left) and GH-001 (right).
Drill Results Table:
Table 1. Gold assay results. Reported intervals are down-hole lengths.
| Hole ID | From (m) | To (m) | Interval (m) | Au (g/t) | Est. true width (m) |
| 26DDH-JT-024 | 21.7 | 24.7 | 3 | 0.87 | Saprolite |
| and | 30.7 | 32.2 | 1.5 | 0.52 | Saprolite |
| and | 50.2 | 51.7 | 1.5 | 0.66 | Saprolite |
| and | 83.2 | 84.7 | 1.5 | 0.79 | 1.36 |
| and | 115.2 | 118.2 | 3 | 1.28 | 2.72 |
| and | 136.2 | 140.7 | 4.5 | 0.59 | 4.23 |
| and | 172 | 174 | 2 | 0.53 | 1.97 |
| and | 192 | 193.5 | 1.5 | 0.97 | 1.48 |
| and | 203 | 206 | 3 | 1.61 | 2.46 |
| including | 205 | 206 | 1 | 3.27 | 0.82 |
| and | 229.5 | 240.49 | 10.99 | 0.75 | 7.77 |
| including | 229.5 | 237.72 | 8.22 | 0.85 | 5.81 |
| and | 246 | 247 | 1 | 0.62 | 0.57 |
| and | 251 | 254.27 | 3.27 | 0.52 | 2.5 |
| and | 256.4 | 257.5 | 1.1 | 1.08 | 0.84 |
| 26DDH-JT-025 | 40.68 | 44.57 | 3.89 | 1.32 | 2.98 |
| and | 61 | 63 | 2 | 0.56 | 1.64 |
| and | 87.94 | 89.5 | 1.56 | 0.54 | 1.41 |
| and | 102.2 | 103.93 | 1.73 | 1.41 | 1.5 |
| and | 106.49 | 108 | 1.51 | 0.67 | 1.31 |
| and | 112 | 114.75 | 2.75 | 1.03 | 2.38 |
| and | 132 | 157.6 | 25.6 | 1.96 | 23.2 |
| including | 137 | 143.3 | 6.3 | 2.16 | 5.71 |
| including | 148 | 149.49 | 1.49 | 17.51 | 1.35 |
| and | 167.6 | 169 | 1.4 | 0.59 | 1.07 |
| and | 191 | 234 | 43 | 2.42 | 32.94 |
| including | 205 | 209 | 4 | 17.11 | 3.06 |
| including | 217 | 219 | 2 | 3.79 | 1.53 |
| and | 241 | 247.63 | 6.63 | 0.55 | 5.08 |
| and | 267.83 | 269 | 1.17 | 0.62 | 0.9 |
| 26DDH-GH-001 | 46.5 | 48 | 1.5 | 0.71 | Saprolite |
| and | 53.2 | 62.43 | 9.23 | 0.8 | 5.29 |
| including | 59.5 | 62.43 | 2.93 | 1.83 | 1.68 |
| and | 101.13 | 103.09 | 1.96 | 0.51 | 1.12 |
| and | 121 | 122.19 | 1.19 | 1.16 | 0.68 |
| 26DDH-GH-002 | 19 | 33 | 14 | 1.09 | Saprolite |
| including | 20.5 | 28 | 7.5 | 1.65 | Saprolite |
| and | 66.9 | 70.9 | 4 | 0.71 | 3.46 |
| and | 79.65 | 96.8 | 17.15 | 0.65 | 16.12 |
| including | 88 | 92 | 4 | 0.94 | 3.76 |
| and | 127 | 130 | 3 | 1.15 | 2.82 |
| and | 138 | 142 | 4 | 2.14 | 2.83 |
| and | 193 | 194.5 | 1.5 | 0.51 | 1.41 |
| 26DDH-GH-003 | 38.4 | 39.45 | 1.05 | 1.91 | Saprolite |
| and | 87.8 | 89.5 | 1.7 | 0.6 | 1.67 |
| and | 157 | 161.5 | 4.5 | 1.85 | 4.23 |
| including | 157 | 158.5 | 1.5 | 3.69 | 1.41 |
| and | 177 | 182.1 | 5.1 | 1.09 | 4.79 |
| including | 178.1 | 180 | 1.9 | 1.87 | 1.65 |
| 26DDH-GH-004 | 6.4 | 26.5 | 20.1 | 1.19 | Saprolite |
| and | 30.7 | 48 | 17.3 | 0.63 | 9.92 |
| including | 46.85 | 48 | 1.15 | 2.49 | 0.66 |
| and | 56.4 | 59.5 | 3.1 | 2.12 | 2.81 |
| and | 75.8 | 89.5 | 13.7 | 1.01 | 12.42 |
| including | 85 | 89.5 | 4.5 | 2.15 | 4.08 |
| and | 125 | 127 | 2 | 0.52 | 1.99 |
| 26DDH-GH-005 | 16 | 25.5 | 9.5 | 0.8 | Saprolite |
| and | 29.5 | 31.5 | 2 | 0.59 | 1.64 |
| and | 41 | 43.54 | 2.54 | 0.55 | 2.08 |
| and | 46.45 | 51 | 4.55 | 0.74 | 3.73 |
| and | 75 | 87.5 | 12.5 | 1.62 | 10.24 |
| including | 75 | 77 | 2 | 3.22 | 1.64 |
| including | 79 | 85 | 6 | 1.27 | 4.91 |
| including | 86.4 | 87.5 | 1.1 | 4.36 | 0.9 |
| and | 100.4 | 113.9 | 13.5 | 0.62 | 13.29 |
| including | 105.5 | 108.9 | 3.4 | 1.35 | 3.35 |
| and | 140.2 | 142.2 | 2 | 0.61 | 1 |
| 26DDH-BB-014 | 50 | 51.73 | 1.73 | 2.06 | 0.99 |
| and | 68.75 | 75.5 | 6.75 | 0.63 | 5.53 |
| including | 74.18 | 75.5 | 1.32 | 1.65 | 1.08 |
| and | 83 | 88 | 5 | 0.55 | 4.33 |
| and | 97 | 99 | 2 | 0.52 | 1.81 |
| 26DDH-BB-015 | 0 | 3 | 3 | 0.51 | Saprolite |
| and | 13.5 | 18 | 4.5 | 0.57 | Saprolite |
| and | 60 | 73 | 13 | 1.64 | 8.36 |
| including | 70 | 73 | 3 | 4.42 | 1.93 |
| and | 80.5 | 94.6 | 14.1 | 2.23 | 10.8 |
| including | 80.5 | 83.5 | 3 | 1.56 | 2.3 |
| including | 88 | 90.6 | 2.6 | 2.29 | 1.99 |
| including | 91.6 | 94.6 | 3 | 6.68 | 2.3 |
| and | 104 | 107 | 3 | 1.25 | 2.46 |
| 26DDH-BB-016 | 58.5 | 62.5 | 4 | 0.52 | 3.94 |
| and | 69 | 70.5 | 1.5 | 1.28 | 1.48 |
| and | 108.5 | 109.5 | 1 | 0.99 | 0.98 |
| and | 135 | 147 | 12 | 1.1 | 9.83 |
| including | 135 | 137.5 | 2.5 | 1.97 | 2.05 |
| including | 144 | 147 | 3 | 1.41 | 2.46 |
| and | 151.5 | 154 | 2.5 | 0.58 | 2.35 |
| 26DDH-BB-017 | 36 | 37.5 | 1.5 | 0.56 | 1.45 |
| and | 54.6 | 56 | 1.4 | 2.49 | 1.35 |
| and | 118 | 120 | 2 | 1.2 | 1.64 |
| and | 140 | 142 | 2 | 0.72 | 1.53 |
| and | 169 | 176 | 7 | 0.78 | 5.73 |
| including | 169 | 171 | 2 | 1.82 | 1.64 |
| and | 192 | 202 | 10 | 0.82 | 8.19 |
| including | 192 | 193 | 1 | 1.48 | 0.82 |
| including | 201 | 202 | 1 | 4.46 | 0.82 |
| and | 223.8 | 242.25 | 18.45 | 1.37 | 15.11 |
| including | 223.8 | 226.8 | 3 | 2.46 | 2.9 |
| including | 233.5 | 239 | 5.5 | 2.38 | 3.54 |
| and | 287.8 | 294.15 | 6.35 | 0.85 | 5.5 |
| including | 287.8 | 290.8 | 3 | 1.59 | 2.6 |
| and | 301.5 | 310.9 | 9.4 | 1.07 | 7.2 |
| including | 308.9 | 310.9 | 2 | 2.33 | 1.53 |
| 26DDH-BB-018 | 41 | 43.75 | 2.75 | 0.69 | 2.38 |
| and | 114 | 115.5 | 1.5 | 1.03 | 1.06 |
| 26DDH-BB-019 | 38.8 | 40.95 | 2.15 | 1.02 | Saprolite |
| and | 91.49 | 110.5 | 19.01 | 0.81 | 12.22 |
| including | 91.49 | 96 | 4.51 | 1.51 | 2.9 |
| including | 105 | 107.5 | 2.5 | 1.43 | 1.61 |
| and | 141.72 | 144.55 | 2.83 | 1.29 | 2.73 |
| and | 149 | 150.87 | 1.87 | 0.82 | 1.81 |
| 26DDH-BB-020 | 1.5 | 10.1 | 8.6 | 1.71 | Saprolite |
| including | 1.5 | 5.6 | 4.1 | 3.1 | Saprolite |
| and | 92.08 | 93.79 | 1.71 | 0.83 | 1.61 |
| and | 103.46 | 106 | 2.54 | 2.72 | 2.39 |
| and | 112.33 | 116 | 3.67 | 1.98 | 2.6 |
| including | 114 | 116 | 2 | 3.32 | 1.41 |
| and | 146 | 152 | 6 | 1.43 | 5.2 |
| and | 160.09 | 163.86 | 3.77 | 2.89 | 3.26 |
| including | 162.15 | 163.86 | 1.71 | 5.52 | 1.48 |
Table 2. Updated Collar Table
| Hole ID | Easting | Northing | Elevation (m) | Azimuth | Dip | Length (m) |
| 26DDH-BB-014 | 755600 | 417578 | 117 | 340 | -60 | 122.16 |
| 26DDH-BB-015 | 755579 | 417610 | 114 | 350 | -55 | 291.04 |
| 26DDH-BB-016 | 755465 | 417481 | 114 | 5 | -58 | 163.41 |
| 26DDH-BB-017 | 755539 | 417406 | 113 | 0 | -48 | 333.26 |
| 26DDH-BB-018 | 755534 | 417573 | 112 | 0 | -72 | 210 |
| 26DDH-BB-019 | 755529 | 417630 | 115 | 355 | -55 | 177 |
| 26DDH-BB-020 | 755516 | 417608 | 112 | 335 | -60 | 226.1 |
| 26DDH-GH-001 | 755712 | 418026 | 134 | 338 | -50 | 195 |
| 26DDH-GH-002 | 755349 | 417659 | 110 | 35 | -57 | 200 |
| 26DDH-GH-003 | 755385 | 417749 | 110 | 45 | -48 | 200.8 |
| 26DDH-GH-004 | 755329 | 417688 | 110 | 5 | -58 | 148.35 |
| 26DDH-GH-005 | 755326 | 417681 | 110 | 5 | -58 | 156.5 |
| 26DDH-JT-024 | 755136 | 417784 | 126 | 355 | -48 | 260.7 |
| 26DDH-JT-025 | 754832 | 418060 | 105 | 355 | -63 | 296.6 |
All drill information is available through this link.
QAQC
Drillholes BB-020, GH-002, JT-024, and JT-025 were crushed at the preparation lab on Sela Creek. The Sela Creek preparation lab uses heavy-duty jaw-crushers to reduce regular half core samples to a fine crush, whereby at least 75% of the sample can pass a 2.2 mm screen. The uniformly crushed sample is then put through a riffle-splitter; resulting in a ca. 300-500 g sample, to be shipped to the Filab in Paramaribo for further sample preparation (pulverizing) followed by analysis, and the remaining reject is kept in dry storage for future quality control or duplicate testing. The Company inserts regular crush duplicates to ensure the split sample is representative of the entire section of drill core. The remainder of the samples were fully processed at FiLAB Suriname, a commercial certified laboratory under ISO 9001:2015. At FiLAB, samples are crushed and pulverized to 85% passing 88 µm prior to analysis using a 50 g fire assay (50 g aliquot) with an Atomic Absorption (AA) finish. For samples that return assay values over 5.0 grams per tonne (g/t) Au, another cut was taken from the original pulp and fire assayed with a gravimetric finish. Samples with coarse visible gold or returning an assay value over 10.0 g/t Au, metallic screen analysis is conducted on the coarse reject material. Miata Metals inserts certified reference standards, as well as blanks and crushed core duplicates, in the sample sequence for quality control and assurance. All samples passed QAQC.
QP Statement
The scientific and technical information in this news release has been reviewed and approved by Dr. Jacob Verbaas, P.Geo., a director of the Company and Qualified Person as defined under the definitions of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About Miata Metals Corp.
Miata Metals Corp. (TSX.V: MMET) is a Canadian mineral exploration company listed on the TSX Venture Exchange, as well as the OTCQX (OTCQX: MMETF) and Frankfurt (FSE: 8NQ) Exchanges. The Company is focused on the acquisition, exploration, and development of mineral properties. The Company holds a 70% interest in the ~215 km2 Sela Creek Gold Project with an option to acquire a full 100% interest, and a 70% beneficial interest in the Nassau Gold Project with an option to acquire 100%. Both exploration properties are located in the greenstone belt of Suriname.
On Behalf of the Board
Dr. Jacob (Jaap) Verbaas, P.Geo | CEO and Director
For Further Information, please contact:
Nikki McEachnie
Director of Investor Relations
nikki@miatametals.com
1-778-486-1500
Forward-Looking Statements
Certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “anticipates”, “anticipated”, “expected”, “intends”, “will” or variations of such words and phrases or statements that certain actions, events or results will occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.
Neither the TSX.V nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/6d7007c5-b72d-425f-8ac6-23ce3352eddb
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A sudden boiler failure can disrupt an entire building, leaving employees uncomfortable, interrupting production, and creating problems for businesses that depend on continuous heating. Hotels, hospitals, manufacturing facilities, schools, and commercial properties often rely on dependable boiler systems to maintain comfortable temperatures and support essential operations. When the primary unit stops working, finding a suitable replacement quickly becomes a priority.
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Request an itemized quotation that explains delivery charges, installation fees, fuel responsibilities, maintenance coverage, and removal costs. Confirm the arrangements for extending the agreement if permanent repairs take longer than anticipated.
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Unexpected boiler breakdowns can affect comfort, productivity, and essential building services. Suitable temporary equipment provides a flexible option for maintaining heating or steam production while permanent repairs are organized.
Careful capacity assessment, professional installation, transparent pricing, and reliable technical support are essential to achieving a successful outcome. Businesses that combine these measures with routine maintenance can respond more effectively to equipment failures and reduce the disruption caused by unexpected heating emergencies.
","last_seen":null,"new_message_count":null},{"slug":"how-to-use-350-801-exam-questions-to-find-weak-topics","thumbnail":null,"title":"How to Use 350-801 Exam Questions to Find Weak Topics","published_at":1792742237330,"created_at":1792742237023,"pinned":null,"author":"@jackhenry4","tags":[],"body":"Your notes feel complete right up to the moment a question proves otherwise. There are many who encounter their weakest topic only within the actual exam. The Implementing and Operating Cisco Collaboration Core Technologies exam doesn’t give you a second chance. Therefore, the intelligent thing to do is locate your weak topic early, and that’s where the 350-801 Exam Questions come in handy.
A bad topic is never the one you are afraid of; it is always the one you think you know, till you are asked to explain it another way. The clues are subtle: repeated error, a stroke of luck, or a topic which took you twice as long. In CLCOR, such clues become relevant since Cisco frames its questions from related concepts.
To get to know them, do a complete set of 350-801 Exam Questions without the help of any book, and tick off all the questions you were unsure about, including the ones you answered correctly. The ticking helps you make a quick list of important topics which are far more realistic than your confidence.
Not every question tests understanding. Simple recall questions are easy to solve as they depend on your memory and conceal any weaknesses. In contrast, scenario questions are more effective as they involve applying an idea, where flaws become evident. This is true of the CCIE & CCNP topics as well, where Cisco often allows relevant topics to have one common question.
Well-designed 350-801 Exam Questions provide detailed explanations for all answers, thereby making any incorrect answer a hint. The explanations provided by ITExamsTopics are among those reviewed by experts to reveal the correctness of the options. A list of bare answers cannot do this, and it leaves weak topics hidden.
The discovery of a weak topic will make sense if you do something about it. In Cisco Certified Internetwork Expert & CCNP Cisco Certified Network Professional Collaboration, where one point helps another, a targeted routine is better than re-reading everything. Do the following:
Select one topic: pick the weakest point from your list and leave the rest for after
Relearn the concept: return to official Cisco material, not only the answer key
Solve a small set: attempt a handful of questions on that topic alone
Give the reason for choosing: explain orally why each wrong choice is incorrect
Observe the result: state what you did better and what is unclear
Go on to the next subject only when you are ready with the previous one. This makes practice concise and measurable; that’s why regular practice of 350-801 Exam Questions is preferable to irregular ones.
After a week of concentrated practice, you require evidence. Practicing with the same questions will only prove your memory skills, so go through new questions based on the latest Cisco syllabus. Improvement in your performance on unseen questions will prove that you have improved in the particular topic. Otherwise, you must repeat it before appearing in the Implementing and Operating Cisco Collaboration Core Technologies.
Maintain a small record so that you can identify the pattern. In case the topic keeps eluding you, refer back to 350-801 Practice Questions on that topic and understand their explanation before revising it. Practicing with current questions will safeguard CCIE & CCNP Collaboration aspirants and other aspirants of Cisco Certified Internetwork Expert & Cisco Certified Network Professional from using obsolete information.
","last_seen":null,"new_message_count":null},{"slug":"4-canadian-reits-for-non-resident-investors-in-2026","thumbnail":null,"title":"4 Canadian REITs for Non-Resident Investors in 2026","published_at":1792690154482,"created_at":1792690154434,"pinned":null,"author":"@PierrreR","tags":[],"body":"A U.S. investor who puts $10,000 CAD into a Canadian REIT yielding 5.4% collects about $540 CAD in distributions over a year. Roughly $81 CAD of it never arrives. Canada's default Part XIII tax on income paid to non-residents is 25%, and the Canada-U.S. tax treaty caps tax on trust distributions to U.S. residents at \"15 per cent of the gross amount of the income.\"
The bill arrives after year-end. Non-resident unitholders get an NR4 slip with the withheld tax in box 17, as Dream Office REIT explains in its non-resident tax guidance, and the math is blunt: a 5.4% headline yield becomes about 4.6% for a U.S. holder, and closer to 4.0% for anyone paying the full 25%.
That changes the screen. The one that matters is the yield left after Canada's share, backed by a business that can grow the payout faster than withholding erodes it. Four Canadian REITs pass it from different corners of the market: Granite REIT (GRT.UN) in logistics, Choice Properties (CHP.UN) in grocery-anchored retail, RioCan (REI.UN) in urban retail, and Chartwell Retirement Residences (CSH.UN) in seniors housing.
Units of a listed trust are securities, not homes. That keeps this route open while Canada's ban on residential purchases by non-Canadians runs to 2027, and as of July, \"the government has yet to announce a decision on the Act's future.\" Prices and ratios below are as of Oct. 22, 2026.
Granite owns 139 income-producing logistics, warehouse and industrial properties in Canada, the United States and Europe. It is the cleanest growth story of the four. In its second-quarter release, FFO per unit rose to $1.56 CAD from $1.39 CAD a year earlier, in-place occupancy climbed 220 basis points to 98.0%, and constant-currency same property NOI on a cash basis grew 8.3%.
Management narrowed 2026 FFO guidance to $6.30 CAD to $6.40 CAD per unit. At $85.89 CAD, the units trade at about 13.5 times the midpoint and 0.91 times book, with a 4.13% yield, per Granite valuation data. The multiple is undemanding. After 15% treaty withholding, a U.S. holder keeps about 3.51%, and the 70% AFFO payout ratio in the quarter leaves room for further increases after distributions paid per unit rose to $0.89 CAD in the quarter from $0.85 CAD.
Leasing is still adding to that. Granite signed second-quarter renewals and new leases at 7% above expiring rents, filled the last 52,500 square feet of a business park in Tennessee, and carries a weighted average lease term of 5.1 years. Net leverage fell to 32% from 35% at year-end.
One detail is easy to miss. By Aug. 5, Granite had sold 1.43 million units this year through its at-the-market program, raising $138.4 million CAD at an average of $96.61 CAD, roughly 12% above today's price. Buyers today pay less per unit than the trust itself charged for new equity this summer.
U.S. holders should also note a plumbing change. Granite's last NYSE trading day was Dec. 31, 2025, with an OTCQX quotation slated to begin on or about Jan. 2, 2026, and Granite told unitholders they did not need to exchange certificates or take any other action. The TSX listing continues.
Magna is the concentration risk. Magna International still accounts for 26% of annualized revenue, per Granite's quarterly disclosure. Currency moves cut both ways: the guidance range itself is driven by U.S. dollar, euro and pound assumptions, and the quarter included fair value losses at select European properties as discount and terminal cap rates widened.
Choice is the defensive income pick. Its second-quarter results show period-end occupancy of 97.7%, same-asset cash NOI growth of 2.8% and long-term renewal spreads of 19.0%. The bigger news came after quarter-end, when Choice and Loblaw renewed a full tranche of 50 leases expiring in 2027, covering 3.55 million square feet, at a weighted average spread of 8.8% and a 5.0-year extension. That takes a large block of grocery rent off the renewal calendar.
Industrial does more lifting than the grocery name suggests. Industrial occupancy stands at 98.6%, industrial renewals were signed 40.2% above expiring rents, and NAV per unit rose 2.4% from a year earlier to $14.73 CAD, which anchors the valuation.
Valuation is plain. Choice targets 2026 FFO of about $1.08 CAD to $1.10 CAD per unit, and at $15.03 CAD the units trade at 13.8 times the midpoint and about 2% above that NAV. The 5.19% yield, per Choice valuation data, becomes about 4.41% after 15% withholding. Price-to-book sits at 1.16.
Growth is slow. Diluted FFO per unit rose just 0.8% in the quarter, held back by refinancing at higher interest rates and a cut to the distribution Choice receives on its Allied Properties stake. The larger swing factor is the $9.4 billion CAD First Capital deal, under which Choice would acquire about $5.0 billion CAD of retail assets and issue 0.3186 of its units per First Capital unit. The arrangement is expected to close in the fourth quarter, subject to Competition Act approval, and Choice says it cannot predict the timing or the impact on results.
RioCan offers the highest yield of the group at 5.42%, or about 4.61% after U.S. treaty withholding. It is also the cheapest on book value. At 0.86 times per RioCan valuation data, against 0.91 for Granite and 1.16 for Choice, the market is pricing RioCan's shopping centres and mixed-use sites below their carrying value.
The operating numbers make the case. Second-quarter Core FFO per unit rose 5.3%, committed retail occupancy reached a record 98.8%, and the blended leasing spread hit 23.1%, with new leases signed 40.8% above expiring rents, Retail Insider reported. New leases averaged $37.73 CAD per square foot, 60% above the $23.58 CAD average in occupied space, and tenant retention was 92.5%. That gap is the mark-to-market runway. RioCan also raised guidance for commercial same property NOI growth to 4.0% to 4.5%.
RioCan has also repatriated $1.26 billion CAD of capital from its RioCan Living residential platform, close to its $1.3 billion CAD target. That is real money. The unit count, meanwhile, is down 1.84% over the past year, which lifts per-unit figures even before any new leasing gains show up in the results.
Debt is the weak spot. It runs about 11.5 times EBITDA on Stock Analysis data, against 6.8 times at Granite, which leaves RioCan more exposed if refinancing costs stay high. The capital recycling plan also depends on continued asset sales at acceptable prices, and a retail landlord's leasing spreads are only as durable as the tenants signing them.
Chartwell is the growth bet. The seniors housing trust posted FFO per unit of $0.28 CAD in the second quarter, up 16.7% from $0.24 CAD, according to its Q2 investor presentation, which set a 95% occupancy target. It has already cleared it. Same property occupancy reached 95.3% in September, up from 93.0% a year earlier, and Chartwell forecasts 95.8% for November in its October occupancy update. Management estimates that each percentage point of occupancy adds about $12.7 million CAD in revenue across its portfolio.
Demand is demographic. Citing Statistics Canada and Cushman & Wakefield data, Chartwell projects a 4.0% compound annual growth rate in Canada's population aged 80 and over for the next 20 years. The balance sheet is in range of its own targets: net debt at 7.0 times adjusted EBITDA and an FFO payout ratio of 56.7%, alongside a 2% distribution increase in March.
The next lever is already bought. On June 2, Chartwell closed a 30% interest in a 23-property, 2,943-suite portfolio for $382.5 million CAD, with an option on a further 20%. Those buildings averaged 85% occupancy at closing, so lifting them toward the 95.3% that Chartwell's same property portfolio reached in September would add FFO without another acquisition.
Much of that growth is already in the price. At $21.34 CAD, the units trade near 19.1 times annualized second-quarter FFO and 3.72 times book, with a 2.93% yield, per Chartwell valuation data. After 15% withholding, a U.S. holder nets about 2.49%, the thinnest income of the four and more than two points below RioCan's 4.61%. Units outstanding rose 13.5% in a year of heavy acquisition activity, so each new deal has to earn more than the dilution it creates for existing unitholders.
Paperwork sets the rate. Form NR301 is how a payer decides whether a treaty rate applies, and a holder who has not certified treaty eligibility can be withheld at the full statutory rate of 25%. Return-of-capital portions of a listed Canadian property trust's payout are taxed as assessable distributions at 15%, reported on the same NR4 and partly recoverable through Form T1262 after a loss on sale.
Investors comparing REIT units with a directly owned Canadian rental face a different set of forms. A property manager must withhold 25% of gross rent unless the owner files an NR6 on or before Jan. 1 or before the first rent payment is due, and then files a Section 216 return by June 30, according to CRA guide T4144. This nr4 vs nr6 breakdown walks through how that choice shifts tax from gross rent to net rental income. With units, the broker withholds at source.
Four dates matter. RioCan reports third-quarter results on Nov. 2, Granite on Nov. 4, Chartwell on Nov. 5 and Choice on Nov. 12, per the confirmed dates on the Stock Analysis pages linked above. The items to check are the $195 million CAD of acquisitions built into Granite's guidance, whether Chartwell holds occupancy above 95% (it will stop monthly occupancy reports after December's figures), and any Competition Act ruling on the First Capital deal.
Canadian REIT yields look different from outside the country. A 15% treaty haircut barely changes the ranking, but it raises the value of payout growth, because a U.S. holder keeps only 85 cents of every new dollar the trust distributes. Granite and Chartwell are growing faster. Choice and RioCan pay more today.
For a watchlist, compare after-withholding yield with FFO growth for each name, confirm an NR301 is on file with your broker, and read the November reports before adding. Keep it diversified. Holding REITs across property types, and as one part of a broader portfolio, limits the damage if one sector stumbles.
","last_seen":null,"new_message_count":null},{"slug":"tsx-venture-welcomes-juno-industries-a-new-era-for-canadian-defence-tech-juno","thumbnail":"https://cdn-ceo-ca.s3.amazonaws.com/1ldkgk1-Two_business_leaders_walking_20261022095207-420-280-thumb.jpg","title":"TSX Venture Welcomes Juno Industries: A New Era for Canadian Defence Tech | $JUNO","published_at":1792688789947,"created_at":1792688769217,"pinned":null,"author":"@juniorstocks.com","tags":[],"body":"Original Article: https://www.juniorstocks.com/tsx-venture-welcomes-juno-industries-a-new-era-for-canadian-defence-tech
As Arctic sovereignty and defence modernization take center stage, a Canadian AI and hardware startup backed by political heavyweights brings military-grade edge computing to the TSX Venture.
![](\"https://cdn-ceo-ca.s3.amazonaws.com/1ldkgjt-Two_business_leaders_walking_20261022095207.jpg\")
Canada’s venture exchange has spent generations hooked on the familiar rhythm of assay results, drill intercepts, and speculative resource plays, but Bay Street just caught a direct blast of cold-weather geopolitical reality.
After months of anticipation across the capital markets corridor, Juno Industries Ltd. (TSXV: JUNO) has officially commenced trading on the TSX Venture Exchange. The public market arrival comes at a moment when Arctic sovereignty is no longer a rhetorical talking point in Ottawa, but an urgent, heavily funded operational imperative across the entire NATO alliance.
At Juniorstocks.com, we first tracked the company’s trajectory when examining whether a homegrown challenger could match the agile, software-first ethos popularized stateside by Anduril Industries. Historically, Canada’s defence procurement architecture has moved with the deliberate speed of an icebreaker grinding through multi-year pack ice. Software cycles, however, move in days and weeks. Juno was engineered specifically to break that bureaucratic bottleneck, pairing commercial technology speed with sovereign security hardware tailored for the world’s most forbidding operational theatre.
The path to the ticker board was executed through a classic Canadian capital markets maneuver. Juno completed its qualifying transaction via Capital Pool Company Trail Blazer Capital Corp. (TSXV: TBLZ.P), culminating in an amalgamation that brought the operating entity to the senior tiers of the junior market.
Ahead of the listing bell, the transaction incorporated a six-to-one share consolidation and unlocked an oversubscribed concurrent subscription-receipt private placement totaling 12 million dollars. Those proceeds give the newly minted issuer a clean balance sheet and substantial runway to advance field demonstrations, fund proprietary research and development, and drive product delivery straight into allied procurement pipelines.
The commercial thesis backing the listing centers on edge compute and autonomous intelligence built for environments where commercial networks simply do not exist. Traditional battle management systems assume reliable satellite constellations and unbroken high-bandwidth links, luxuries that vanish the moment an adversary deploys modern electronic warfare or when operations push into the extreme latitudes of the Canadian Arctic.
To solve that vulnerability, Juno has rolled out two central proprietary architectures. The LOGAN PLATFORM operates as an artificial-intelligence-enabled command-and-control software brain, synthesizing multi-domain telemetry into a single, coherent operational picture in real time. Feeding data directly into that picture is the GUARDIAN SYSTEM, a decentralized hardware and sensor mesh capable of local processing at the tactical edge. Working independently of commercial GPS and hardened against electronic interference, the nodes can form autonomous ad-hoc networks across vast, isolated expanses. Complementing the lineup is the Polar Nexus, an autonomous sensor and surveillance relay platform engineered in partnership with Critical Infrastructure Technologies to withstand extreme northern operating conditions.
While micro-cap tech stories often lean on grand ambitions and thin resumes, Juno’s leadership roster reads like a rolodex lifted from the highest echelons of Canada’s defence establishment.
Chief Executive Officer and co-founder Hunter Scharfe brings deep capital markets and tech venture experience, having previously advised quantum encryption outfit BTQ Technologies Corp. (CBOE: BTQ). Standing beside him as Executive Chairman and co-founder is the Honourable Harjit S. Sajjan, Canada’s former Minister of National Defence and former Minister of Emergency Preparedness. Having a former defence minister steering strategic alignment gives the company an intimate, unvarnished understanding of NATO modernization requirements, defence offsets, and the institutional mechanisms of government procurement.
The bench strength extends across the executive suite and advisory table. The board includes Brigadier-General (Ret.) Claude Rochette, whose prior postings include Chief Financial Officer of both the Department of National Defence and the Communications Security Establishment. Strategic advisory guidance is provided by Vice-Admiral (Ret.) Ron Lloyd, Canada’s 35th Commander of the Royal Canadian Navy. Operational and policy execution is rounded out by Head of Strategy Tania Belisle-Leclerc, a former policy director within both Foreign Affairs and National Defence, alongside Head of Operations Lieutenant-Colonel (Res.) Vincent Virk, founder of autonomous systems developer Northfield Systems.
As allied governments face unrelenting pressure to meet their 2% GDP NATO expenditure targets and modernize neglected Arctic defence installations, sovereign procurement mandates are tilting decisively toward domestic intellectual property. For junior market investors, Juno Industries Ltd. (TSXV: JUNO) provides a rare, pure-play gateway into sovereign defence technology at a pivotal stage of Canada's rearmament and northern infrastructure buildout.
Sources
TSX Venture Exchange Corporate Disclosures & Filing Statement (October 2026): Qualifying Transaction closing announcements regarding Trail Blazer Capital Corp. (TSXV: TBLZ.P) and Juno Industries Ltd. (TSXV: JUNO).
Newsfile Corp News Releases (September–October 2026): \"Juno Industries Launches to Scale Canada’s Sovereign Defence Technology\" and \"Juno Industries Unveils GUARDIAN SYSTEM and LOGAN PLATFORM\".
Juniorstocks.com Research & Editorial Coverage: \"Is Juno Industries the Next Anduril of the North?\" by Juniorstocks Editorial Team.
Kalkine Media Transaction Coverage (October 2026): Capital Pool Company Qualifying Transaction analysis and corporate structure report.
Disclaimer
Neither the author of this article nor JuniorStocks holds equity, stock options, or any other financial positions in Juno Industries Ltd. (TSXV: JUNO) or any other companies mentioned in this publication. This content is published by JuniorStocks strictly for informational purposes, was prepared independently without company compensation, and utilized AI assistance for text editing, formatting, and generating accompanying media. While sovereign defence technology and Arctic security infrastructure represent a compelling and rapidly evolving frontier, this article does not constitute investment or financial advice. Investors are strongly advised to conduct their own thorough, independent due diligence and consult with a qualified financial professional before making any investment decisions.
","last_seen":null,"new_message_count":null},{"slug":"first-majestic-silver-us1b-cash-position-major-growth-plans-ag","thumbnail":"https://cdn-ceo-ca.s3.amazonaws.com/1ldkeon-First%20Majestic-420-280-thumb.png","title":"First Majestic Silver: US$1B+ Cash Position & Major Growth Plans $AG","published_at":1792686875825,"created_at":1792686871390,"pinned":null,"author":"@GoldNewsletter","tags":[],"body":"We are joined by Mani Alkhafaji, President & Chief Corporate Development Officer of First Majestic Silver Corp., for an update on the company's operations, its ongoing tax dispute in Mexico, the planned restart of Jerritt Canyon and the outlook for the silver market. Mani discusses First Majestic's performance through the first nine months of 2026, including expansion programs at Santa Elena and Los Gatos. While gold production was tracking in line with the midpoint of annual guidance, silver production was slightly behind pace, partly due to an ongoing labour dispute at San Dimas. Mani explains the company's response and why management had not revised its annual production guidance at the time of the interview. A major focus of the conversation is the potential resolution of First Majestic's long-running Mexican tax dispute. Following settlement discussions with Mexican authorities, the company has temporarily suspended its NAFTA arbitration proceedings to focus on reaching an agreement. Mani discusses the progress made, the improving relationship with the Mexican government and approximately US$150–160 million in restricted cash that could be affected by the terms of a final settlement. We also discuss the changing regulatory environment in Mexico, including improvements in mining permitting. Mani explains how recently granted permits at Santa Elena could accelerate the development of two discoveries by approximately 12 to 18 months compared with the company's previous expectations. At Jerritt Canyon in Nevada, First Majestic continues preparing for a potential restart targeted for the second half of 2027. Mani provides an update on recruitment, the acquisition of a new underground mining fleet, mill modernization and the company's decision to transition toward self-performed mining. He also discusses the technical study scheduled for completion in Q4 2026, with publication currently planned for Q1 2027. The conversation then turns to capital allocation and growth opportunities. With a substantial cash position, First Majestic is prioritizing the Mexican tax resolution and Jerritt Canyon restart before reassessing its broader capital allocation strategy. Mani discusses the company's focus on silver, its approach to acquisitions and the importance of permitting, operational readiness and exploration potential when evaluating opportunities. Finally, Mani shares his perspective on the silver market, including supply-demand fundamentals, industrial consumption, the recent stabilization in silver prices and what the company is seeing through its operating mines and minting business. We close with the catalysts investors can watch over the coming months, including additional exploration updates, progress at Jerritt Canyon, developments in the Mexican tax negotiations and First Majestic's upcoming financial results.
","last_seen":null,"new_message_count":null},{"slug":"hudbay-and-mitsubishi-approve-copper-world-project-construction-advancing-next-major-us-copper-mine-towards-first-production-in-2029","thumbnail":null,"title":"Hudbay and Mitsubishi Approve Copper World Project Construction; Advancing Next Major U.S. Copper Mine Towards First Production in 2029","published_at":1792661868091,"created_at":1792661867731,"pinned":null,"author":"@kamoacap","tags":[],"body":"Some big moves across Canadian mining stocks today, with copper and gold explorers attracting interest while a few names came under selling pressure. Meanwhile, Hudbay and Mitsubishi have made the final investment decision on Copper World, one of the larger US copper developments.
Winners
$HRNY +37.3% – Bighorn Metals completed its exploration program at Loljuh in BC, covering five copper-gold porphyry targets. Soil sampling and trenching are complete, with assays pending. Interesting ground, but it's still early days. No drilling yet and no defined resources.
$EDG +22.9% – Endurance Gold reported another six holes from Reliance in BC. The standout was 5.2m at 5.89 g/t gold and 0.19% antimony, while another hole returned 16.2m at 2.24 g/t gold. The company is continuing to extend mineralisation, with several new high-grade structures also identified.
$GSTM +16.7% – Goldstorm Metals released its first assays from Crown in BC's Golden Triangle. The headline intercept was 407.55m at 0.39 g/t gold equivalent, including 15m at 2.89 g/t. Four holes are still pending. Worth noting the gold equivalent calculations assume 85% recoveries without supporting metallurgical testwork.
Losers
$KIRO -32.3% – Kairos Gold released its first two Phase Three holes from Oro Brillante in Chile. One hole returned 130.5m at 0.43% copper, 0.12 g/t gold and 7.30 g/t silver, while the other reported no significant assays among its principal highlights. A sizeable decline despite confirming copper mineralisation.
$LAF -20.0% – Lithium Africa came under pressure despite recently receiving two non-binding funding proposals for Springbok, including a US$60 million investment proposal. The project is targeting production in H2 2027, although there's still no feasibility study or defined resource. The financing terms and ability to deliver that timeline will be important.
$BBB -13.0% – Brixton Metals reported 97% combined gold recovery from preliminary metallurgical work at Trapper, alongside drilling of 138m at 0.80 g/t gold. The recovery result came from one high-grade composite, so it's too early to assume that performance across the deposit. A maiden resource is expected in Q1 2027.
Broader market
$HBM and Mitsubishi have approved construction of the Copper World project in Arizona. Initial capital is US$2.07 billion, with first production targeted for H2 2029 and average copper output of 102,000 tonnes annually over the first decade.
The financing structure is particularly interesting. Mitsubishi is contributing US$600 million, Wheaton has committed a US$230 million stream deposit, and around US$650 million in project debt is anticipated. Hudbay's remaining contribution of approximately US$500 million isn't required until 2028.
We've covered these moves and the other major mining developments in today's edition of The Drill Down.
Full edition: https://kamoacap.com/the-drill-down/hudbay-and-mitsubishi-approve-copper-world-project-construction/
","last_seen":null,"new_message_count":null},{"slug":"tribeca-resources-68m-copper-gold-discovery-in-chile-whats-next-trbc","thumbnail":"https://cdn-ceo-ca.s3.amazonaws.com/1ldhmjj-Mogotes%20Metals%20May%202026-420-280-thumb.png","title":"Tribeca Resources: 68m Copper-Gold Discovery in Chile | What's Next? $TRBC","published_at":1792596602253,"created_at":1792596595548,"pinned":null,"author":"@GoldNewsletter","tags":[],"body":"We are joined by Thomas Schmidt, President and Director of Tribeca Resources Corporation, for an introduction to the company's copper exploration portfolio in Chile, including recent drilling success at its flagship La Higuera Project. Thomas discusses Tribeca's strategy of identifying underexplored copper systems in Chile, drawing on the team's experience at Xstrata and Glencore. With a focus on iron oxide copper-gold (IOCG) systems, Tribeca is applying geophysics-led exploration techniques to identify mineralization beneath cover and advance projects toward potential mineral resource estimates. A major focus of the conversation is the company's recent discovery at Chirsposo Sur part of the La Higuera Project. The first hole of a four-hole program returned 68 metres grading 0.52% copper and 0.16 g/t gold, confirming mineralization at a previously untested target concealed beneath approximately 20 to 30 metres of gravel cover. Thomas explains how the result supports Tribeca's exploration approach and adds another mineralized system to the project alongside the more advanced Gaby target. We also discuss the broader potential at La Higuera, where Tribeca has identified five targets and tested three to date. Thomas outlines how the company is evaluating follow-up drilling, a potential mineral resource estimate at Gaby and additional exploration opportunities, including the possibility of a future operation supported by multiple nearby mineralized systems. Finally, Thomas discusses Tribeca's approximately C$2 million cash position at the time of the interview, the company's portfolio-based approach to capital allocation and upcoming catalysts, including assays from three remaining Chirsposo Sur holes, and future exploration plans at La Higuera.
","last_seen":null,"new_message_count":null},{"slug":"gold-miners-in-the-tropics-count-dry-months-not-quarters","thumbnail":null,"title":"Gold Miners in the Tropics Count Dry Months, Not Quarters","published_at":1792582800000,"created_at":1792583642209,"pinned":null,"author":"@allpennystocks","tags":[],"body":"Mining calendars are usually written in quarters. Guidance covers the fiscal year, results arrive every three months, and analysts model production in neat 90-day blocks. Near the equator, the operating calendar is set by something older. Rain decides when haul roads hold up, when pits can be worked and when material moves.In northern Brazil, the swing is dramatic. Macapá, the capital of Amapá State, averages roughly 13 to 16 inches of rain a month from February through May, according to 30-year climate data from Brazilian forecaster Climatempo. In October, it averages about one inch. For an operation trying to establish a steady rhythm, the stretch from August through November is when the ground cooperates.
That calendar now frames the next chapter for JZR Gold Inc. (TSX-Venture: JZR) (OTCPK: JZRIF).
A First Dry Season Under New Management
JZR assumed operatorship of the Vila Nova Gold Project in Amapá on May 28, late in the wet season. In July, it contracted RR Bueno to mobilize excavators, haul trucks, a wheel loader and support equipment for mining, ore movement, access road maintenance and plant feed. In August, as the dry season took hold, the company established its first regular operating schedule at the project’s processing plant. By mid-September, approximately 11 tonnes of concentrate had been shipped from the project, bound for São Paulo.
The weather has been part of the plan from the start. In April, CEO Robert Klenk said the priority was improving consistency and reliability “as we advance toward initial concentrate sales following the rainy season in May.” Vila Nova was also built with water in mind. When JZR took over, it noted that berms, roads and retention ponds had been completed under the prior operator, and its July update listed water management infrastructure alongside power and access roads among the assets already in place.
Brazil’s established producers plan around the same cycle. Ero Copper Corp. (NYSE: ERO) (TSX: ERO) operates Xavantina, a producing gold mine in Mato Grosso State. In its second-quarter results, Ero reported 20,553 ounces of gold produced and recovered at Xavantina, up 170% from the first quarter. That total included 11,860 ounces recovered from historic concentrate stockpiles, an increase that followed the end of the rainy season. Ero expects sales volumes from those stockpiles to benefit from drier seasonal conditions through the rest of the year, supported by a mobile filter press and industrial dryer commissioned late in the second quarter.
Building Ahead of the Rain
In West Africa, the discipline looks much the same. Orezone Gold Corporation (TSX: ORE) (OTCQX: ORZCF), which built its Bomboré mine in Burkina Faso and brought it into production in late 2022, completed the main civil infrastructure for its resettlement program in June, ahead of the rainy season. That work included the Bomboré bridge, a diversion channel and a community reservoir. Commissioning of the Bomboré hard rock expansion is scheduled for October 2026.
Seasonal logistics reach their extreme in the Arctic. B2Gold Corp. (NYSE American: BTG) (TSX: BTO) supplies its Goose Mine in Nunavut through an annual sealift, typically between August and October, and a roughly 163-kilometer winter ice road that is constructed every year, with a transportation window running generally from February to May. Working within those windows, B2Gold achieved first gold production at Goose in June 2025 and declared commercial production that October.
What the Coming Weeks Decide
Vila Nova faces nothing as rigid as an ice road. JZR’s corporate presentation states that the property can be reached by vehicle any time of the year via a highway connecting it to Macapá, about 145 kilometers away. Access, however, is only part of the equation. Excavating material, hauling it to the plant and keeping feed moving are the jobs that rain makes harder, and they sit at the center of JZR’s stated priorities: increasing plant operating hours, improving reliability and efficiency, and maintaining a consistent supply of material from the property.
The rains in Amapá typically begin building in December. Until then, JZR is operating through the driest stretch of the year, with its contractor fully mobilized, an operating team in place and a first concentrate shipment behind it. The company has said the operation has stabilized after an initial period in which equipment failures were addressed through repairs and component replacements, and that it is evaluating opportunities to increase operating hours.
For investors, the calendar offers a practical framework. Quarterly reports will measure JZR’s progress, but the season will shape it. Months of reliable ground conditions are when an operator shows how much material it can move and process. What Vila Nova achieves in its first dry season under JZR’s management will establish a starting point. How much of that performance holds up when heavier rain returns will be the next test.
Disclaimer:
All opinions and information provided above are intended for educational and research purposes only. The information provided above should be used as a starting point for conducting any research on the public companies discussed. All readers should do their own due diligence and research when determining which investment strategies are best suited for them or seek the advice of an investment professional prior to making an investment decision. The profiles of the above discussed public companies are not in any way a solicitation or a recommendation to buy, sell or hold their securities. JZR Gold Inc. has initiated AllPennyStocks.com for digital media advertising valued at sixty-seven thousand five hundred dollars.
Any forward-looking statements set forth in the article above are based on expectations, estimates and projections at the time such statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of words such as “projects,” “foresees” “expects,” “will,” “anticipates,” “estimates,” “believes,” “understands” or by statements indicating certain actions “may,” “could” or “might” occur. There is no guarantee past performance will be indicative of future results or that any such forward-looking projections will occur.
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]]>\n","last_seen":null,"new_message_count":null},{"slug":"electra-battery-materials-multiple-ways-to-win","thumbnail":"https://cdn-ceo-ca.s3.amazonaws.com/Screenshot-2026-10-20-at-9-120-80-thumb.11.40-AM-1024x430.png","title":"Electra Battery Materials, multiple ways to win","published_at":1792580840482,"created_at":1792580837084,"pinned":null,"author":"@EpsteinResearch","tags":[],"body":"In a horrible market for gold, silver, copper, REE juniors, what can I say about Electra Battery Materials (TSX-v: ELBM) / (NASDAQ: ELBM) to grab one’s attention? Please consider that management, led by CEO Trent Mell is not sitting on its hands, Electra is moving forward on time and on budget.
![](\"https://epsteinresearch.com/wp-content/uploads/2026/10/Screenshot-2026-10-20-at-9.11.40-AM-1024x430.png\")
On time & budget with an increasingly valuable, highly strategic, long-lived (50+ years!), tangible hard asset. Not a single asset, 15-20 year mine in Africa, Russia, China, Bolivia, Panama, Indonesia, but a rare Co refinery in safe Ontario, Canada, just hundreds of kms from one of the world’s most important EV markets.
Electra Battery Materials is 100% owner of a refining complex in NE Ontario, a facility that could produce 100% of N. America’s cobalt (“Co“) sulfate (up to 6,500 tonnes/yr.). Production is expected to start in 2H/27.
The junior market is tough, but the strategic rationale at Electra remains intact. N. America has limited domestic refining capacity for battery-grade Co sulfate. Yet, demand for secure, responsibly-sourced critical minerals remains high for batteries, energy storage, national defense and advanced manufacturing.
![](\"https://epsteinresearch.com/wp-content/uploads/2026/10/Screenshot-2026-10-20-at-9.22.20-AM-1024x488.png\")
Electra’s BMC is on a sizable industrial site that could (subject to more studies & investment capital) host other operations, most notably black mass recycling. Those initiatives are likely longer-term business. For now the main focus is Co sulfate.
In my opinion, the optionality of being able to expand into new cash flowing segments has tangible value. These segments, black mass in Ontario, and nickel refining in the USA (more on that later) — if deemed attractive and viable, are not 6-10 years away, more like 2-4 years.
CEO Mell has a lot of balls in the air, visiting the U.S. frequently, including to Washington D.C. to speak with U.S. gov’t officials, departments, agencies, etc. In the past month, there have been four updates, none of them game-changing, but all de-risking the upcoming commissioning of the facility.
![](\"https://epsteinresearch.com/wp-content/uploads/2026/10/Screenshot-2026-10-20-at-9.14.03-AM-1024x510.png\")
On October 13th a non-binding term sheet with WMC Group was signed for a five-year partnership to finance Co feedstock purchases & sales. WMC would handle logistics, act as buyer and exclusive marketing agent for cobalt sulfate, and make a direct investment in Electra after definitive agreements are executed.
Although largely ignored by the market, this news is significant as it addresses a key hurdle, securing working capital and reliable feedstock, while establishing a reliable route to market. The proposed arrangement would facilitate working capital financing, and improve supply-chain certainty. SEXY? Nope. Important? Yep.
On Oct. 5th, the appointment of Garzon Duenas, with 30+ years’ processing/commissioning experience, as General Manager and commissioning lead. He will support targeted mechanical completion by mid-2027, and commercial production from 4Q/27 on. Please review his bio, a truly great addition to the team.
Importantly, on Sept. 16th, there was more news on preliminary engineering for a Phase 1 nickel (“Ni”) refinery targeting ~20,000 tonnes per year of contained Ni (cap-ex estimated at US$530–$675M). Financing, feedstock, off-take, permitting, and final site selection remain under careful study.
![](\"https://epsteinresearch.com/wp-content/uploads/2026/10/Screenshot-2026-10-20-at-9.14.14-AM-1024x501.png\")
Phase 2 could add an additional 20,000 tonnes/year of capacity from recycled battery black mass, with Co, lithium & graphite byproducts.
Although the Ontario refinery remains by far the top priority, the fact that a meaningful amount of legwork is being done (dating back years), speaks volumes about this meaningful opportunity. This is a major undertaking. It will take years to plan, permit, fund, build, and commission.
This has been in the works since 2022 when Glencore, Talon Metals, and the Ontario/Federal governments studied building a Ni refinery next to the Co refinery. The latest U.S. engineering study builds on those 2022 efforts, which evaluated Ni-sulfate refining using different feedstocks.
The newer (USA) project retains conventional hydro-metallurgical processing but changes the proposed location, and possibly the feedstock strategy & customer focus (U.S. Dept. of Defense? Dept. of Energy? Aerospace/Defense firms?) To be clear, Electra is getting no credit in its valuation for this corporate initiative.
![](\"https://epsteinresearch.com/wp-content/uploads/2026/10/Screenshot-2026-10-20-at-9.14.42-AM-1024x437.png\")
I’m not suggesting it’s worth C$100s of millions, but arguably C$10s of millions (not company guidance, just my view). Again, why on earth would the Board keep pursuing this, in a difficult junior market, if there were not promising ongoing conversations behind the scenes?
Mr. Mell has said the Ni refinery would address a national-security supply-chain vulnerability. Without citing specific examples, Electra has participated in U.S. government & policy sessions on critical minerals and supply-chain resilience…
From the Sept. 16 the press release, quote “We are working with governments and potential commercial partners to establish the conditions for a competitive N. American nickel refinery serving industrial, military & battery customers.”
Potential markets include; battery, industrial, utility/data centers, military/defense & aerospace. The focus in the U.S. is on building relationships with policymakers, government agencies, strategic partners and other key stakeholders.
![](\"https://epsteinresearch.com/wp-content/uploads/2026/10/Screenshot-2026-10-20-at-9.14.34-AM-1024x450.png\")
The proposed facility is an opportunity to leverage extensive expertise gained through the development of the Co refinery. Critical minerals have become a strategic priority for the U.S. The issue is no longer only about EVs, it’s about energy security, defense readiness, advanced manufacturing and economic security.
The U.S. is taking supply chain diversification seriously because processing capacity for many critical minerals remains highly concentrated offshore. From Electra’s perspective, that creates a very clear need for N. American refining infrastructure that can provide secure, transparent, long-term sustainable sources of battery materials.
Black mass recycling remains part of Electra’s longer-term strategy, but the cobalt refinery is the priority. Electra completed a Feasibility-level Class 3 engineering study for a modular battery recycling facility adjacent to the Ontario refinery, designed to recover lithium, Ni, Co, manganese & graphite.
The next phase involves further technical work to simulate commercial-scale throughput, supported in part by Natural Resources Canada. The strategic value is obvious, recovered Co could feed directly into the adjacent Co refinery, creating an integrated domestic battery materials loop.
![](\"https://epsteinresearch.com/wp-content/uploads/2026/10/Screenshot-2026-10-20-at-9.12.21-AM-1024x755.png\")
Electra has a permitted facility approaching mechanical completion, a strategic customer in LG Energy Solution, and is backed by the Canadian and U.S. governments. It has a well defined, and possibly growing, role in N. America’s critical minerals supply chain.
Investors who wait for further de-risking may get more certainty, but could miss part of the value creation opportunity. It Electra’s market cap were C$250M+, that would be one thing. No, it’s ~C$75M (C$0.56/shr. Oct. 20th).
Value derived by construction progress, commissioning, commercial execution and future growth opportunities in black mass recycling & Ni refining is being entirely ignored. Electra is building strategic refining infrastructure at a time when N. America is actively trying to reduce reliance on offshore processing.
Look at rough indications of potential 2029 EBITDA potential in the above & below images… Readers should note that others are pursing hard asset facilities in Canada & the U.S., but not many. Most juniors are exploring or developing single-asset mining projects, most often 5-6+ years from production (if ever).
![](\"https://epsteinresearch.com/wp-content/uploads/2026/10/Screenshot-2026-10-20-at-9.13.39-AM-1024x532.png\")
Admittedly, Electra Battery Materials remains a high risk junior developing one (and possibly more) strategic asset(s), but in very safe jurisdictions, and hopefully less than a year from initial cash flow. Compare that investment proposition to non-permitted, early-stage (pre-PEA, pre-maiden resource, pre-discovery!) projects in far less favorable places.
If one is bullish on Li-ion ion battery demand (yes, some from LFP batteries (no Co/Ni), it makes sense to take a closer look at Electra Battery Materials. One can make a good call on battery metals like Co/Ni, but miss out if a company runs into one of several risk factors that Electra simply doesn’t face.
Disclosures/disclaimers: The content of this article is for information only. Readers fully understand and agree that nothing contained herein, written by Peter Epstein of Epstein Research [ER], (together, [ER] ) about Electra Battery Materials, including but not limited to, commentary, opinions, views, assumptions, reported facts, calculations, etc. is not to be considered implicit or explicit investment advice. Nothing contained herein is a recommendation or solicitation to buy or sell any security. [ER] is not responsible under any circumstances for investment actions taken by the reader. [ER] has never been, and is not currently, a registered or licensed financial advisor or broker/dealer, investment advisor, stockbroker, trader, money manager, compliance or legal officer, and does not perform market-making activities. [ER] is not directly employed by any company, group, organization, party, or person. The shares of Electra Battery Materials are highly speculative, and not suitable for all investors. Readers understand and agree that investments in small-cap stocks can result in a 100% loss of invested funds. It is assumed and agreed upon by readers that they will consult with their own licensed or registered financial advisors before making investment decisions.
At the time this article was posted, Electra Battery Materials was an advertiser on [ER] and Peter Epstein owned shares in the company.
Readers understand and agree that they must conduct due diligence above and beyond reading this article. While the author believes he’s diligent in screening out companies that, for any reason whatsoever, are unattractive investment opportunities, he cannot guarantee that his efforts will (or have been) successful. [ER] is not responsible for any perceived, or actual, errors including, but not limited to, commentary, opinions, views, assumptions, reported facts & financial calculations, or for the completeness of this article or future content. [ER] is not expected or required to subsequently follow or cover events & news, or write about any particular company or topic. [ER] is not an expert in any company, industry sector, or investment topic.
","last_seen":null,"new_message_count":null},{"slug":"coppers-investment-gap-usd-332-billion","thumbnail":null,"title":"Copper’s Investment Gap: USD 332 Billion","published_at":1792538195273,"created_at":1792538195036,"pinned":null,"author":"@kamoacap","tags":[],"body":"Copper needs USD 332 billion in new investment, lithium financing is attracting attention again, and investors are still punishing companies coming back to market for cash. Some interesting moves across Canadian mining stocks today.
Winners
$LAF +37.9% – Lithium Africa jumped to CAD 2.00 after receiving two non-binding funding offers for its Springbok project. One proposes USD 60 million for 55% of a holding company owning its 70% project interest, implying a project valuation of roughly USD 70 million before investment. Interesting valuation, but no Mineral Resource, Reserve or feasibility study yet. Plenty still to prove.
$KTO +24.6% – K2 Gold climbed to CAD 0.86 following another strong intercept at Dragonfly. Hole DF26-031 returned 83.82m at 3.40 g/t gold from surface. That's a substantial near-surface intercept, although true thickness remains unknown. The question now is whether follow-up drilling can establish continuity and scale.
$VCG +16.5% – Visionary Copper and Gold Mines reached CAD 1.20 after securing extensions to its Manitoba exploration permits through December 2028. That provides more runway at Pine Bay and Alberts Lake, but the bulk-sample permit is still pending. Useful progress, although permitting alone doesn't establish project economics.
Losers
$NVRO -22.6% – NVRO Metals fell to CAD 0.12 following a proposed best-efforts placement of up to CAD 35 million, with Hecla expected to participate. That's a sizeable financing. The market reaction raises the obvious question around dilution and pricing, although final terms and closing remain conditional.
$CGM -14.3% – Canadian Goldfields Discovery declined to CAD 0.15. Its latest reported exploration news was a historic core re-assay at Swayze Central returning 35m at 3.26 g/t gold. Worth following, but this isn't a new drill intercept, and true width remains unknown. No confirmed announcement explains today's decline.
$ETG -11.2% – Entrée Resources dropped to CAD 2.69 after proposing a CAD 31.9 million non-brokered placement with a Tether affiliate. Funding could strengthen the balance sheet, but investors clearly need to assess the dilution and transaction terms. Completion is targeted for Q4 and remains conditional.
Broader market
BloombergNEF estimates USD 332 billion of investment is needed to bridge the projected copper supply gap through 2050. Meanwhile, Goldman Sachs expects a 950,000-tonne deficit outside the US in 2026. Copper isn't short of demand forecasts. The bigger question is how many projects can attract financing, secure permits and reach production quickly enough.
Which of today's moves looks justified, and where has the market overreacted?
We've covered these moves and the other major mining developments in today's edition of The Drill Down.
Full edition: https://kamoacap.com/the-drill-down/coppers-investment-gap-usd-332-billion/
","last_seen":null,"new_message_count":null},{"slug":"wireless-semiconductor-developer-surges-39-on-largest-60-ghz-order-in-six-quarters","thumbnail":null,"title":"Wireless Semiconductor Developer Surges 39% on Largest 60 GHz Order in Six Quarters","published_at":1792511880000,"created_at":1792512542448,"pinned":null,"author":"@allpennystocks","tags":[],"body":"Securing a production order worth more than a full quarter of revenue drove a same-session surge in a small wireless chip developer today, showing how an extended shipment schedule can quickly clarify top-line visibility.Peraso Inc. (NASDAQ: PRSO) a San Jose, California developer of 60 GHz millimetre-wave (mmWave) wireless chips and modules, jumped Tuesday after receiving a production order valued at more than $2.0M from an unnamed \"leading network equipment manufacturer.\" The order is for fixed wireless access (FWA) systems, which deliver broadband over short-range radio links instead of fibre, using Peraso's 60 GHz technology, and is its largest 60 GHz production order in the last six quarters.
Shipments are scheduled to begin in the fourth quarter of 2026 and continue through July 2027. For perspective, Peraso reported second-quarter revenue of $1.3M, up from $1.0M in the first quarter of 2026, alongside a GAAP net loss of $2.2M. The company notes in its risk disclosures that customers can cancel, reduce or reschedule orders, in some cases without penalty.
Next primary catalysts include Peraso's third-quarter 2026 financial results and the start of shipments under the order in the fourth quarter.
Shares of PRSO rose 39.4% to US$0.535 on volume of 145 million shares.
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]]>\n","last_seen":null,"new_message_count":null},{"slug":"hydrogen-helium-and-natural-gas-are-rising-along-the-same-nova-scotia-faults","thumbnail":null,"title":"Hydrogen, Helium and Natural Gas Are Rising Along the Same Nova Scotia Faults","published_at":1792496100000,"created_at":1792496342085,"pinned":null,"author":"@allpennystocks","tags":[],"body":"Most exploration stories are a bet on a single molecule. A gas explorer drills for methane, a helium explorer chases a uranium-rich basement, a hydrogen explorer hunts iron-bearing rock and water. Miss the target and the whole thesis has to be rebuilt.Geology does not read the textbook. The same deep faults that push one gas toward surface can carry others, and an explorer that maps the plumbing carefully enough can end up holding three shots on goal from the same ground. In Nova Scotia, one junior has done precisely that.
Strike One: Thermogenic Gas Over a Buried Basin
Québec Innovative Materials Corp. (CSE: QIMC) (OTCQB: QIMCF) (FSE: 7FJ) is doing exactly that in Nova Scotia. On October 6, QIMC reported C1 to C4 soil-gas results from its 2026 New Salem–Apple River program, and the signature was unmistakable: overwhelmingly thermogenic, the kind of gas generated by heat and burial rather than by shallow biology. Wet gas accounts for 86% of the classified samples, dry gas 8.7% and the condensate-to-oil range 3.4%. Biogenic and mixed signatures together make up roughly 2%.
The strongest ethane anomalies sit over a regional gravity low immediately west of New Salem, which QIMC’s consultant, Prof. Marc Richer-Laflèche of the Institut national de la recherche scientifique, interprets as a thickening sedimentary sub-basin and a candidate gas kitchen. All analyses were run by GeoFrontiers Corporation, an independent laboratory in Wichita Falls, Texas.
Twelve months ago this corner of the Cumberland Basin was frontier ground with virtually no drilling. Today it carries more than 1,000 independent helium and C1 to C4 soil-gas analyses, regional gravity, reprocessed aeromagnetics, new ground magnetics, radon-thoron surveys and, as of this week, 63.5 kilometers of 2D seismic, with every layer pointing at the same shallow structures. All of it sits in a county with gas transmission infrastructure already in the ground and a province that has been importing natural gas. The market is next door.
And the market for that gas is enormous. Expand Energy Corporation (Nasdaq: EXE), North America’s largest natural gas producer, reported second-quarter production of about 7.48 billion cubic feet equivalent per day, 92% of it natural gas, and reaffirmed full-year guidance of 7.4 to 7.6 billion cubic feet of natural gas equivalent (Bcfe) per day.
Strikes Two and Three: Helium on One Fault, Hydrogen on Another
The wet gas was the third major result QIMC delivered from the area in just two weeks. In late September, the company identified three fault-controlled helium zones at New Salem–Apple River, including an unbroken 800-meter run of anomalous stations in Zone C, the strongest helium readings in its program. Farther east along the same corridor, hole DDH-26-05 at Bennett Hill returned mud-gas readings of up to 30.0% hydrogen on September 1.
QIMC’s geologic model ties all of it together. Thermogenic gas tracks the sedimentary basin, helium sits above a deep magnetic body cut by fault F-III, and hydrogen takes over toward the Cobequid Highlands, where the sedimentary cover thins out. Three gases, one structural framework, along the 43-kilometer Apple River–Kirkhill corridor. Very few juniors anywhere can make that claim.
Both of the lighter gases already command serious industrial demand. Air Products and Chemicals, Inc. (NYSE: APD), which describes itself as the leading global hydrogen supplier, reported fiscal third-quarter adjusted earnings of $3.47 a share, up 12%, on sales of $3.2 billion, with helium among the products driving improved volumes in Asia. The company raised its full-year adjusted EPS guidance to $13.39 to $13.49.
“Step back and look at what QIMC now holds in Nova Scotia: two districts, one basement structure, three gases,” said CEO John Karagiannidis. “This district keeps getting bigger.”
The Seismic Is In and the Clean Hydrogen, Helium, Natural Gas System Keeps On Growing and Delivering
To be clear, the data so far are surface and mud-gas indicators. They support an active hydrocarbon system somewhere in the stratigraphic column, but they do not yet establish the size, composition or deliverability of any accumulation, and the organic-rich Horton Group source rock has not been confirmed in this part of the basin, a gap the Nova Scotia Department of Energy has flagged as the principal geological uncertainty. No resource estimate exists. That is exactly what seismic is for.
On October 14, QIMC answered that question with action: a completed 63.5 line-kilometer 2D seismic program across the Apple River–Advocate–Bennett Hill–Port Greville district. The program grew twice, from 42 kilometers to 50 in September and then to 63.5, because new hot zones for clean natural hydrogen, helium and natural gas kept emerging during acquisition. Every anomalous zone is now crossed by at least one line, designed to image the faults and candidate structures beneath the anomalies and to test whether the Windsor Group evaporites, the region’s most effective seal, lie beneath the fairway.
The data are already with Earth Signal Processing in Calgary, being processed alongside what QIMC describes as the most complete natural hydrogen dataset in Canada: more than 10,000 soil samples across its Nova Scotia ground, over 6,000 meters of drill core, gravity, magnetics and radon-thoron surveys. Crucially, free gas observed in hole DDH-26-05 ties directly into the Bennett Hill seismic line, and multiple tests on that hole are ongoing. According to the company, the hot zones and targets keep expanding with every layer integrated. QIMC does not use hydraulic fracturing or any form of reservoir stimulation in Nova Scotia and has no intention of doing so.
Moving gas to market takes infrastructure, and the incumbents are pouring capital into it. Enbridge Inc. (NYSE: ENB) reported second-quarter adjusted EBITDA of C$4.78 billion, reaffirms 2026 guidance of C$20.2 billion to C$20.8 billion and has grown its secured backlog to about C$41 billion, including the sanctioned 2.6 Bcf per day Bay Runner Twin gas pipeline. In its report the company made it clear it feels that energy security and affordability are paramount today.
A year ago, QIMC’s Nova Scotia position rested on hydrogen alone. Today it holds three gas signals on one basement structure, the most complete natural hydrogen dataset in the country, and 63.5 kilometers of fresh seismic in processing to reveal what sits beneath the anomalies. With Nova Scotia acquisition wrapped, the Echo Seismic crews roll next to Quebec, where QIMC will run the same playbook on its hydrogen and helium targets there. For a junior that was on frontier ground twelve months ago, the news flow is only getting started.
Disclaimer:
All opinions and information provided above are intended for educational and research purposes only. The information provided above should be used as a starting point for conducting any research on the public companies discussed. All readers should do their own due diligence and research when determining which investment strategies are best suited for them or seek the advice of an investment professional prior to making an investment decision. The profiles of the above discussed public companies are not in any way a solicitation or a recommendation to buy, sell or hold their securities. Québec Innovative Materials Corp. has initiated AllPennyStocks.com for digital media advertising valued at thirty-four thousand four hundred dollars.
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