202629 releases
Intrepid Metals Reports Positive Gold Results from Mattie Gold Target and Provides Corral Copper Drilling Update
Rock chip sampling at the Mattie Gold Target, 3.25 km south of the Ringo Zone at the Corral Copper Project in Cochise County, Arizona, returned results including 21.0 g/t gold and 195 g/t silver from 148 samples, with gold-bearing samples over an area of roughly 1,550 m by 1,100 m; about 800 soil samples remain pending. Four holes totalling 1,725.17 m were completed at the Holliday Zone and the drill has moved to Ringo. Intrepid also retained Oak Hill Financial for investor relations at $12,000 monthly for an initial six months, subject to TSXV approval.
Drill resultsIntrepid Metals Outlines New Copper-Gold Target at Corral Copper in Arizona
A new carbonate replacement-style copper-gold target, Kate, has been identified 1.5 kilometres south-southwest of the Ringo Zone at the Corral Copper Project in Cochise County, Arizona, through mapping, surface geochemistry and oxygen-isotope analysis. Historical hole MH_03 returned 27.43 m of 0.65% Cu, 0.98 gpt Au and 17.20 gpt Ag, including 7.62 m of 1.71% Cu, 3.30 gpt Au and 44.55 gpt Ag. Intrepid plans to drill test Kate in the coming weeks to verify the historical results.
Drill resultsIntrepid Metals Commences 10,000-Metre Drill Program and 65 Line-km IP-MT Survey at Corral Copper Project in Arizona
Drilling has begun on a planned 10,000-metre diamond drill program at the Corral Copper Project in Cochise County, Arizona, split roughly 5,000m on near-surface CRD-style copper-gold-silver mineralization and 5,000m on first-ever porphyry copper-gold targets, with porphyry drilling expected to start late October. An approximately 65 line-kilometre SWATH DC IP and magnetotelluric survey by Quantec Geoscience is also underway, comprising 12 receiver lines spaced about 400m apart, with fieldwork taking about two months.
Drill resultsIntrepid Metals Selects Major Drilling for 10,000-Metre Drill Program, Including First Porphyry Tests at Corral Copper Project in Arizona
Major Drilling Group International has been selected as drilling contractor for a planned 10,000-metre program at the Corral Copper Project in Cochise County, Arizona, with Equity Exploration Consultants engaged for geological and operational support; drilling is scheduled to start in early September 2026. The roughly 20-hole program splits about 5,000m on near-surface CRD copper-gold-silver targets at Ringo, Clanton, Earp and Holliday, and about 5,000m across roughly 7 holes testing porphyry copper-gold targets, expected to begin mid- to late October.
Drill resultsIntrepid Metals Selects Major Drilling for 10,000-Metre Drill Program, Including First Porphyry Tests at Corral Copper Project in Arizona
An approximately 65 line-kilometre induced polarization survey is scheduled to begin in early August at the Corral Copper Project in Cochise County, Arizona, ahead of a September drill program of 10,000 metres, about 5,000 metres of which will test porphyry targets, with the remainder evaluating and expanding known CRD mineralization. Core relogging and field work, done with input from Teck Resources, identified porphyry-style features including QSP alteration, stockwork veining and molybdenum-bearing mineralization.
Drill resultsIntrepid Metals Identifies Prospective Porphyry Alteration Corridor at Corral Copper Project in Arizona
Short-wave infrared spectral analysis of surface rock samples from the Phase 1 program at the Corral Copper Project in Cochise County, Arizona has defined an extensive northeast-trending alteration corridor from the Curly Porphyry Target toward the Ringo Zone, with elevated white mica, localized low AlOH wavelength responses, jarosite and epidote domains. The interpretation used 165 feldspathic-lithology samples screened from 316 mineral interpretation results generated from May and June 2026 field sampling. Remaining Phase 1 results are pending, ahead of a planned IP-MT survey and approximately 10,000-metre drill program later this year.
Drill resultsIntrepid Metals Identifies Prospective Porphyry Alteration Corridor at Corral Copper Project in Arizona
All motions were approved at Intrepid Metals' 2026 Annual General Meeting, held June 30, 2026, in Vancouver, British Columbia, with 42,116,953 common shares voted, representing 34.1% of shares issued and outstanding at the record date. Shareholders set the number of directors at seven, elected Matthew Lennox-King, Jay Sujir, Mark Lotz, Brian Shin, Richard Lock, Leonard Karr and Dan Barnholden, and re-appointed DMCL LLP as auditor for the ensuing year.
Drill resultsIntrepid Metals Files NI 43-101 Technical Report for the Corral Copper Project in Arizona
An independent NI 43-101 technical report on the Corral Copper Project in Cochise County, Arizona has been completed and filed, with an effective date of August 5, 2026. It was prepared by Alan J. Wainwright, PhD, P.Geo, a Qualified Person independent of Intrepid Metals, and covers property ownership, geology, exploration history, historical and recent drilling, mineralization and exploration potential, along with recommendations for advancing the project. The filing was made voluntarily, not under subsection 8.3(1) of NI 43-101.
Study resultsIntrepid Metals Launches First Systematic Exploration Program at Mattie Gold Prospect
A rock and soil sampling program has begun at the Mattie Prospect within the Corral Copper Project in Cochise County, Arizona, the first gold-focused exploration at the project. Approximately 1,170 soil samples will be collected at 50 m spacing across an area of about 1,900 by 1,500 metres, with fieldwork expected to take roughly three weeks. Corral's broader 2026 program includes an approximately 65-line-kilometre IP survey in August and a September drill program with about 5,000 metres testing porphyry targets.
Drill resultsIntrepid Metals Identifies New Porphyry Target at Corral Copper
A new porphyry copper-gold target, the Curly Porphyry Target, has been defined at the Corral Copper Project in Cochise County, Arizona, identified through geological mapping, drill core review, field work and portable XRF analysis of hydrothermal fracture-fill material. Drill core contained altered intrusive clasts with potassic alteration, QSP overprinting and quartz B veins hosting chalcopyrite and molybdenite. An induced polarization survey begins in early August, ahead of a September drill program including approximately 5,000 metres testing high-priority porphyry targets.
Drill resultsIntrepid Metals Advances Porphyry Targeting at Corral Ahead of Integrated Geophysical Survey and Planned Q3 Drill Program
An approximately 65 line-kilometre induced polarization survey is scheduled to begin in early August at the Corral Copper Project in Cochise County, Arizona, ahead of a September drill program in which about 5,000 metres of a planned 10,000-metre campaign will test porphyry targets, with the remainder evaluating CRD mineralization. Drill core relogging, pXRF work, mapping and structural interpretation, carried out with input from Teck Resources Limited, identified porphyry-style features including QSP alteration, stockwork veining and molybdenum-bearing mineralization.
Drill resultsIntrepid Metals Announces 2026 Annual General Meeting Results
All motions were approved at Intrepid Metals' 2026 Annual General Meeting, held June 30, 2026, in Vancouver, British Columbia. Shareholders voted 42,116,953 common shares, or 34.1% of shares issued and outstanding at the record date, setting the number of directors at seven with 99.43% for, electing all seven nominees — Matthew Lennox-King, Jay Sujir, Mark Lotz, Brian Shin, Richard Lock, Leonard Karr and Dan Barnholden — and re-appointing DMCL LLP as auditor with 99.99% for.
CorporateIntrepid Metals Strengthens Technical Team
Ken Balleweg, P.Geo., has been appointed Senior Geologist at Intrepid Metals, having worked with the company as a geological consultant since 2022 on its Arizona projects; he previously held roles at Pucara Gold, Alamos Gold and Placer Dome. The company also engaged San Diego Torrey Hills Capital for investor relations and communications services, paying US$22,500 in monthly installments of US$7,500 over an initial three-month term beginning July 1, 2026, continuing month-to-month thereafter.
ManagementIntrepid Metals to Update Investors at the Emerging Growth Conference on June 10, 2026
Chairman and Interim CEO Matthew Lennox-King will take part in a fireside chat at the Emerging Growth Conference on Wednesday, June 10, 2026 at 2:55 pm Eastern Time, covering recent achievements, exploration at the company's Arizona projects and objectives for the balance of 2026. Investors may submit questions in advance, and a webcast will be posted afterward on EmergingGrowth.com and the Emerging Growth Conference YouTube channel.
CorporateIntrepid Metals Strengthens Leadership Team
Ken Brophy has been appointed President of Intrepid Metals Corp. Brophy previously held senior executive roles with the company and has continued as a technical and strategic advisor since leaving executive management. He has over twenty-five years in the natural resources sector and is also President and Director of Ram River Coal Corp. Intrepid's portfolio in southeastern Arizona includes the Corral Copper, Tombstone South and Mesa Well projects.
ManagementIntrepid Metals Expands Corral Copper Exploration Program Following Encouraging Early Phase 1 Results
Geological mapping and geochemical work under the 2026 Phase 1 program at the Corral Copper Property in Cochise County, Arizona is complete, with 1,352 rock samples collected over 3.5 weeks in the north-central part of the property and submitted to ALS Global, Precision Petrographics and AGAT. The program has been expanded to add rock sampling and a new soil grid over the Mattie Prospect, where gold mineralization was identified, ahead of a Phase 2 drill program later in 2026.
Drill resultsIntrepid Metals Extends Tombstone South Option Agreement
The option agreement dated April 20, 2021 with New Empire Exploration LLC for a 100% interest in the Tombstone South Property in Arizona has been amended to extend the US$1,500,000 work commitment due May 2026 to May 2027, in exchange for 200,000 additional Intrepid common shares and US$50,000, both now paid. A further US$1,500,000 commitment due May 2027 is unchanged, and the amendment requires TSX Venture Exchange approval. A phase one drill program of approximately 4000 metres from four or five pads is planned.
AcquisitionIntrepid Metals Launches Phase 1 Exploration Program; Continued Strong Warrant Exercise Participation
A geochemical campaign and detailed geological mapping have begun as part of the Phase 1 2026 exploration program at the Corral Copper Property in Cochise County, Arizona, aimed at prioritizing targets for a drill program later this year combining deeper porphyry holes and shallower CRD drilling. Over 98% of warrants from the January 2024 private placements were exercised, including 9,577,647 warrants expiring April 24, 2026 for about C$4.31 million; gross proceeds since December 2025 exceed C$19.1 million. Capital Analytica was engaged for marketing services at CAD $150,000 for six months plus 175,000 options at $0.74.
Drill resultsIntrepid Metals Announces Integrated 2026 Exploration Program Targeting Porphyry and CRD Mineralization at Corral Copper
Phase 1 of a 2026 exploration program at the Corral Copper Property in Cochise County, Arizona will begin next week, carried out with input from Teck Resources Limited. Work includes geological mapping, approximately 65-line kilometres of induced polarization and magnetotellurics surveying, a passive seismic survey to constrain depth to bedrock, and more than 450 rock samples. Results will guide a Phase 2 diamond drilling program in Q3/Q4 2026 testing porphyry targets 300 to 1,000 metres below surface and shallower CRD zones.
Drill resultsIntrepid Metals Raises Over C$6 Million Through Strong Warrant Exercise Participation
All 9,499,999 warrants issued under the January 8, 2024 non-brokered private placement have been exercised at C$0.45 per share, for proceeds of approximately C$4.27 million, with a further 4,631,791 warrants exercised so far in 2026 for about C$2.14 million. A remaining 5,135,645 warrants at C$0.45 expire April 24, 2026, representing potential proceeds of about C$2.31 million. Since December 2025, Intrepid has raised gross proceeds of over C$16.7 million from financings and warrant exercises, funding work at the Corral Copper Project in Arizona.
FinancingIntrepid Metals Announces Leadership Transition Following Strategic Validation and Positions Company for Next Phase of Growth
Founder Mark J. Morabito is stepping down as Chairman and Chief Executive Officer of Intrepid Metals, with Matt Lennox-King joining the Board as Interim CEO and Chairman; Morabito will continue as a strategic advisor to the Board and management. Dan Barnholden, CEO of Luca Mining Corp., has been appointed to the Board. The Company also granted an aggregate of 1 million incentive stock options at an exercise price of $0.49, exercisable for five years and vesting quarterly over 12 months.
ManagementIntrepid Metals Completes Acquisition of Cave Creek Portion of Corral Copper Project in Arizona
The option to acquire Cave Creek Copper Inc. has been exercised and completed, making it a wholly owned subsidiary holding patented and unpatented mining claims and surface rights that form part of the Corral Copper Project in Cochise County, Arizona. The acquisition followed a Share Purchase Option Agreement dated February 14, 2023, as amended, involving share and cash payments over three years, with the final payment now made. Intrepid now owns all Corral lands and claims except the MAN Property, whose final cash and share payment is due this calendar year. FMI Capital Advisory Inc. advised Cave Creek.
AcquisitionIntrepid Metals Announces Closing of C$6.5 Million Private Placement
A non-brokered private placement of 10,833,333 shares at $0.60 per share closed February 24, 2026 for gross proceeds of C$6.5 million, with no finders' fees paid. Teck Resources acquired 6,842,881 shares for approximately C$4.1 million and now holds 15,642,881 shares, about 14.7% non-diluted. Proceeds will fund a 30-month exploration and development program at the Corral Copper Project in southeastern Arizona, including a 50 line-kilometre induced polarization survey and drilling; an amended investor rights agreement raises Teck's maximum ownership from 15% to 19.9%.
FinancingIntrepid Announces C$6.5 million Non-Brokered Private Placement
A non-brokered private placement of up to C$6.5 million in common shares at C$0.60 per share has been arranged, with Teck Resources subscribing for 6,842,881 shares for roughly C$4.1 million, taking it to about 14.95% of shares outstanding from 9.38%. Proceeds will fund a 30-month exploration and development program at the Corral Copper Project in Cochise County, Arizona, including a 50 line-kilometre IP survey, mapping, metallurgical and permitting work, and drilling. Matt Lennox-King has resigned from the board.
FinancingIntrepid Metals Closes Acquisition of Key Patented Mining Claims at Corral Copper Project in Arizona
The acquisition of the Viewsite patented mining claims at the Corral Copper Property in Cochise County, Arizona has closed, with US$475,000 paid to an arm's length vendor under a July 31, 2025 Purchase and Sale Agreement and no shares issued or finder's fees paid. The claims add 348 acres immediately south/southwest of the Ringo Copper-Gold Zone, bringing Intrepid's land position to roughly 10,346 acres (4,187 hectares). President and COO Ken Brophy is stepping down and will join the Advisory Board.
Acquisition
20256 releases
Intrepid Metals Announces TSX Venture Exchange Approval of Extension of Warrant Expiry Date by 90 Days
The TSX Venture Exchange has approved a 90-day extension to the exercise period of 19,046,764 share purchase warrants exercisable at $0.45 per common share. Expiry dates were extended for 9,499,999 warrants issued January 5, 2024 to April 5, 2026, and 9,546,765 warrants issued January 24, 2025 to April 24, 2026, with all other terms unchanged. Related parties hold 9,146,567 of the warrants, making the amendment a related party transaction under MI 61-101.
CorporateIntrepid Metals Closes Strategic 9.9% Investment
Teck Resources has acquired 8,800,000 common shares of Intrepid Metals at $0.45 per share for gross proceeds of $3,960,000 on a non-brokered private placement basis, representing a 9.9% equity interest. Proceeds will fund an initial 24-month exploration and development program at the Corral Copper Project in Cochise County, Arizona, including a 50 line-kilometre IP survey, mapping, geochemical sampling, metallurgical and permitting work, and follow-up drilling. An investor rights agreement grants Teck participation rights up to 15%, two of four technical committee seats with a tie-breaking vote, and a 30-month right of first refusal on Corral.
FinancingIntrepid Metals Identifies New Mineralization 1km East of Existing Mineralization at Corral Copper
Assays from the final two holes of the 2025 drill program at the Corral Copper Property, Cochise County, Arizona, returned 55.50 m of 0.37% Cu, 0.56 gpt Au and 9.01 gpt Ag (1.13% CuEq) from 62.50 m in CC25_046, including 7.20 m of 0.88% Cu, 0.27 gpt Au and 47.22 gpt Ag (2.10% CuEq). Hole CC25_045, drilled about 1 km east of the Ringo Zone, cut 13.00 m of 0.11% Cu, 0.04 gpt Au, 5.64 gpt Ag and 0.48% Zn (0.31% CuEq) from 144.00 m. The new zone will be prioritized for drilling in 2026.
Drill resultsIntrepid Metals Announces Strategic Investor: Teck to Acquire a 9.9% Equity Interest to Fund Exploration on the Corral Copper Project in Arizona at $0.45 per Share
Teck Resources has agreed to buy 8,800,000 common shares at $0.45 per share for gross proceeds of $3,960,000 in a non-brokered private placement, representing 9.9% of Intrepid Metals on a pro forma basis, at a 13% premium to the 20-day VWAP. Proceeds will fund a 24-month exploration and development program at the Corral Copper Project in Cochise County, Arizona, including a 50 line-kilometre IP survey, mapping, geochemical sampling, metallurgical and permitting work and follow-up drilling. Teck will receive participation rights to up to 15%, two seats on a four-person technical committee with a tie-breaking vote, and a 30-month right of first refusal on any transfer of Corral.
FinancingIntrepid Metals Extends Expiry Date of Warrants by 90 Days
The exercise period of 19,046,764 share purchase warrants, all exercisable at $0.45 per common share, will be extended by 90 days: 9,499,999 warrants originally issued January 5, 2024 to April 5, 2026, and 9,546,765 warrants to April 24, 2026. All other warrant terms remain unchanged and the extension is subject to TSX Venture Exchange acceptance. Related parties hold 9,146,567 of the warrants, making the amendment a related party transaction under MI 61-101, with exemptions relied upon.
CorporateIntrepid Metals Zeroes in on Potential Porphyry Discovery Beneath Corral Copper CRD System and Continues Delivering Strong Results at Ringo
Two additional diamond drill holes from the Ringo Zone at the Corral Copper Property in Cochise County, Arizona returned 112.30 m of 0.52% Cu, 0.15 gpt Au and 3.04 gpt Ag (0.59% CuEq) including 21.00 m of 1.77% Cu, 0.15 gpt Au and 8.01 gpt Ag in CC25_043, and 228.30 m of 0.25% Cu, 0.17 gpt Au and 1.49 gpt Ag (0.36% CuEq) including 34.00 m of 0.53% Cu and 0.47 gpt Au in CC25_044. The company also reported quartz-sericite-pyrite alteration, chalcopyrite-molybdenite breccia clasts and porphyry-style vein stockworks indicating one or more porphyry centers adjacent to current drilling.
Drill results