202621 releases
Rackla Metals to Present at Emerging Growth 2026 Virtual Investor Conference
Rackla Metals (TSXV: RAK) will have VP Exploration Scott Casselman present at the Emerging Growth Conference 2026 Virtual Investor Conference (EGC 97) on October 28, 2026, at 8:25am PT / 11:25am ET. The presentation will be delivered by video webcast, with an archived version to be made available afterward.
CorporateRackla Metals to Present at Kinvestor Day 2026 Virtual Investor Conference
CEO and Director Simon Ridgway is scheduled to present at the Kinvestor Day 2026 Virtual Investor Conference on Thursday, October 22, 2026 at 12:00pm PT / 3:00pm ET. The event includes company presentations, live Q&A sessions, and a roundtable discussion with Adrian Day, Andy Schectman and Garrett Goggin. Rackla Metals is a Vancouver-based junior explorer focused on tungsten and rare earth minerals in the Tombstone-Tungsten Belt of eastern Yukon and western Northwest Territories.
CorporateHigh-Grade Tungsten Mineralization Confirmed at Rackla Metals’ Lentung
The first four diamond drill holes at the Lentung tungsten project in southwestern NWT returned 20.35 m of 1.72% WO3 and 0.14% Cu (DDH26L-001), 17.95 m of 2.28% WO3 (DDH26L-002), 17.90 m of 1.67% WO3 (DDH26L-003) and 20.50 m of 0.90% WO3 (DDH26L-004), as downhole intervals. The Central Zone has been tested over 600 metres of strike, with mineralization outcropping at surface. Remaining 2026 assays and re-assays of historical Union Carbide core are expected in two to three months and are intended to support a mineral resource estimate. RC drilling was discontinued due to groundwater inflows. Rackla holds 100% of Lentung, subject to a 1% NSR.
Drill resultsRackla Metals Strengthens Board of Directors
Paul Gruner and Claudine Lee have been appointed to the Board of Directors of Rackla Metals, having previously served on the Company's Advisory Committee. Gruner, a CPA and ICD.D with experience in Indigenous business leadership, mining and infrastructure in northern Canada, will also join the Audit Committee; Lee is a professional geoscientist with more than 20 years of northern Canadian experience. The Board intends to establish committees covering technical evaluation, Indigenous relations and northern infrastructure, permitting and environmental matters, and financial assessment, as Rackla advances its Lentung tungsten project.
ManagementRackla Metals completes $3.65 million private placement financing
A non-brokered private placement closed for gross proceeds of $3.65 million through the issuance of 10.0 million flow-through units at $0.365 each, with each unit comprising one flow-through common share and one warrant exercisable at $0.365 for two years. Proceeds will fund exploration and drilling at the Lentung tungsten property in the Tombstone Gold Belt, western Northwest Territories, with Canadian exploration expenses to be incurred on or before December 31, 2027. A finder's fee of $150,000 cash and 600,000 warrants was paid; final TSX Venture Exchange approval is pending.
FinancingRackla Commences Airborne Geophysical Survey on the Lentung Project
A high-resolution magnetic and radiometric airborne survey has begun across the 155 km² Lentung tungsten–rare earth element project in the Northwest Territories, flown by helicopter by Precision GeoSurveys Inc. of Vancouver. It follows a July drone-based magnetic pilot survey that showed correlation between magnetic highs and known tungsten mineralization and identified previously unrecognized anomalies. Drilling is ongoing, with over 2,000 m of diamond drilling (20 holes) and 277 m of RC drilling (5 holes) completed and assays pending; 10,000 m is planned for 2026.
Drill resultsRackla Metals announces $3.65 million non-brokered private placement
A non-brokered private placement for gross proceeds of $3.65 million is proposed, through the issuance of up to 10 million flow-through units at $0.365 each, each unit comprising one flow-through common share and one warrant exercisable at $0.365 for 24 months after closing. Proceeds are intended for exploration and drilling at the Lentung tungsten property in the Tombstone Gold Belt, western Northwest Territories. The offering uses the listed issuer financing exemption, with a possible 6% cash and 6% warrant finder's fee, subject to TSX Venture Exchange approval.
FinancingRackla Adds Second Drill Rig at Lentung Tungsten Project
A second rig, a reverse circulation drill, has started a planned 6,000-metre program at the Lentung tungsten project in the Northwest Territories, bringing expected 2026 season drilling to about 10,000 metres alongside the diamond drilling already underway. RC holes will focus on infill and expansion in the Central Zone, mostly at depths under 70 metres. Five diamond holes were completed as of August 25, with first samples shipping this week; a mineral resource estimate is anticipated in Q1 2027.
Drill resultsRackla Metals Sponsors Master’s Student Study on the Lentung Tungsten Skarn
A master's-level study on the Lentung tungsten skarn project in the western Northwest Territories will be jointly sponsored by Rackla and Mitacs, with candidate Sophia Huang starting this fall at Simon Fraser University under Dr. Xinyue Xu. The research will examine magma fertility and melt–fluid evolution of the Lened Pluton and associated skarn mineralization. Rackla plans 2026 drilling at Lentung of 4,000 m diamond and 6,000 m reverse circulation, plus ground gravity and drone magnetic surveys.
NewsRackla begins first drilling at Lentung in 44 years – 10,000 metre drill program underway
Drilling has commenced at the Lentung tungsten project in the Northwest Territories, the first drilling on the property since 1982, with the diamond drill crew arriving August 14 and collaring the first hole. The 2026 program totals approximately 10,000 metres, comprising about 4,000 metres of diamond drilling to confirm historic Union Carbide results and 6,000 metres of reverse circulation drilling in the Central Zone, with the RC rig mobilizing August 18. Rackla targets a NI 43-101 technical report in Q1 2027.
Drill resultsRackla Metals announces the addition of Ms. Claudine Lee to Advisory Committee and the granting of stock options
Claudine Lee has joined Rackla Metals' Advisory Committee to help develop the company's Indigenous partnership strategy, engagement framework and permitting for its northern critical mineral assets. Lee is a professional geoscientist with over 20 years of experience in the Canadian north, including 10 years at the Ekati Diamond Mine and a role as VP of Corporate Social Responsibility at Canadian Zinc from February 2021. Rackla also granted directors, officers, employees and consultants options on 1,900,000 common shares at $0.18 per share, exercisable for up to 10 years.
ManagementRackla Metals engages CanaCom Group to conduct digital marketing program
A 12-month service agreement has been signed with 2686362 Ontario Corporation dba CanaCom Group of Oakville, Ontario to provide investor relations activities, including digital content, marketing and media distribution, for a total fee of $80,000 payable from general working capital in four installments. CanaCom Group, headed by Jordan Lutz, operates the theDeepDive.ca platform and holds no interest in Rackla Metals' securities. The agreement is subject to TSX Venture Exchange approval.
CorporateLentung Project Progress Update
Drilling at the Lentung tungsten project in the Northwest Territories is scheduled to begin in mid-July, comprising 4,000 metres of diamond drilling — about 2,200 metres twinning 27 historic holes — and 6,000 metres of reverse circulation drilling to infill and expand the Central Zone. A 49-person camp is due for completion by July 11, with roughly 27 kilometres of historic trails being re-established and an NI 43-101 technical report targeted for Q4 2026 or Q1 2027. The NWT Mineral Incentive Program approved $99,000 for the South Lened rare earth target.
CorporateRackla Metals Appoints Paul Gruner to Advisory Committee to Support Indigenous Partnership and Northern Development Strategy
Paul Gruner has joined Rackla Metals' advisory committee to help develop the company's Indigenous partnership strategy and engagement framework for its northern critical minerals assets. Gruner is currently CEO of Tlicho Investment Corporation and previously led Det'on Cho Management LP and the Tahltan Nation Development Corporation. Rackla's current focus includes its 100%-owned Lentung tungsten property in the Northwest Territories, alongside exploration assets in the Yukon.
ManagementRackla Metals appoints Senior Mining Executive Jeff Reinson to the Board
Jeff Reinson has been appointed to the board of directors of Rackla Metals Inc. (TSX-V: RAK). Reinson has more than 25 years of project, engineering, development and operational experience, previously serving as Vice President of Operations at Burgundy Diamond Mines overseeing the Ekati Diamond Mine and as Chief Operating Officer at First Mining Gold Corp., and is currently Senior Vice President of Development at Li-FT Power Ltd. He was granted options on 250,000 common shares at $0.15 per share, exercisable for up to 10 years.
ManagementRackla Metals Adopts Semi-Annual Financial Reporting
Semi-annual financial reporting has been adopted under Coordinated Blanket Order 51-933, which permits eligible TSX Venture issuers to move from quarterly to semi-annual reporting. Rackla Metals, whose fiscal year ends December 31, will no longer file three-month and nine-month interim financial reports and MD&A, beginning with the three-month period ended March 31, 2026, while continuing audited annual and unaudited six-month filings. The company also confirmed its investor relations agreement with Canadian Mining Report totals US$81,000, with an initial US$6,000 payment and five monthly installments of $15,000.
CorporateRackla Metals completes private placement financing, raising $3.44 million
A non-brokered private placement closed for gross proceeds of $3.44 million through the issuance of 16.0 million charity flow-through units at $0.215 per unit, each comprising one flow-through share and half a warrant exercisable at $0.20 for 12 months. Proceeds will fund Canadian exploration expenses, primarily exploration and drilling at the Lentung tungsten property in the Tombstone Gold Belt, western Northwest Territories. Finder's fees totalled $139,329 cash plus 928,856 warrants at $0.215; TSX Venture Exchange final approval is pending.
FinancingRackla Receives Land Use Permit for the 2026 Exploration Program on the Lentung Property
A 5-year Type A Land Use Permit has been granted by the Sahtu Land and Water Board for the Lentung tungsten project in western Northwest Territories, allowing a 49-person camp, drill-based exploration and use of existing trails, leaving the project fully permitted for 2026. The program, starting May 26, includes 4,000 m of diamond drilling twinning 27 historic holes, 6,000 m of reverse circulation drilling, trenching, repair of 25 km of roads, and an NI 43-101 resource estimate afterward.
CorporateRackla Metals announces up to $3.44 million non-brokered private placement
A non-brokered private placement of up to 16 million charity flow-through units at $0.215 per unit for gross proceeds of up to $3.44 million was proposed, using the listed issuer financing exemption so shares are free trading. Each unit includes one flow-through share and half a warrant exercisable at $0.20 for 12 months after closing. Proceeds are intended mainly for exploration and drilling at the Lentung tungsten property in the Tombstone Gold Belt, western Northwest Territories, with a 6% cash and 6% warrant finder's fee possible.
FinancingRackla Provides Update on Lentung Tungsten Property Data Compilation and 2026 Exploration Program
Compilation and digitization of historical Union Carbide datasets is complete for the 19,600-hectare, 100%-owned Lentung (formerly Lened) tungsten property in the Northwest Territories, covering 26,900 m of drilling in 178 holes and 15 tungsten occurrences over a 15 km strike length, with historical internal feasibility work assuming an average mill grade of 1.14% WO3 and 80% recovery. A 2026 program will include 10,000 m of drilling, half for historical resource confirmation and QAQC, targeting an NI 43-101 resource by late 2026 or early 2027. Rackla also engaged Canadian Mining Report for five months of investor relations activities for US$81,000.
CorporateRackla summarizes 2025 exploration results and plans for 2026
The 2025 drill program at the Grad property in western NWT, 4,500 m in ten holes, failed to intersect significant mineralization at depth below the BiTe showing, with the best result 2.56 g/t gold over 10.5 m in hole G25-009; a review of 738 surface rock and 3,081 drill samples indicates drilling did not test the intrusive phase or structural setting hosting BiTe mineralization. Rackla staked 25 additional claims covering 26,740 hectares, including the Calypso, Lened and expanded Ogre properties.
Drill results
20259 releases
Grad Property Returns 10.5m @ 2.56 G/T Au in hole G25-009
Drill hole G25-009 at the Grad property in the Tombstone Gold Belt returned 10.5 metres grading 2.56 g/t gold, including 1.5 m at 8.45 g/t gold, the strongest result of the 2025 campaign; holes G25-009 and G25-010 tested the intrusive-sediment contact south of the BiTe showing, with G25-010 returning only weak, sporadic gold intercepts. Trenching at the Manta showing returned 0.63 g/t gold over 1 m and 1.41 g/t gold over 1 m. Rackla is planning a 2026 program.
Drill resultsGrad Property Drill Holes G25-004 to G25-008 Analytical Results
Drill holes G25-004 to G25-008 at the Grad property in the western Northwest Territories returned scattered, anomalous gold over generally narrow widths, including 1.53 g/t gold over 3.00 m and 2.71 g/t gold over 1.50 m in G25-005 and 3.28 g/t gold over 0.63 m in G25-007, with coincident bismuth, tellurium and tungsten. Management stated the broad interval of sheeted quartz veining in core is not well mineralized. The 2025 program totalled 4,489 m in 10 holes; results for G25-009 and G25-010 are pending.
Drill resultsRackla provides update on pending samples from 2025 drill program and regional geochemical survey
Assay results from seven remaining drill holes at the BiTe Showing on the Grad Property, western Northwest Territories, are expected the week of November 17, representing 3,518 m of the 10-hole, 4,489 m maiden drill program. Results are also pending from late-season trenching at the new Manta Showing, 1.5 km south of BiTe, where talus-fine sampling returned gold up to 0.56 ppm and several rock grab samples exceeded 31.1 g/t gold. The Company holds $10 M in cash.
Drill resultsRackla provides Grad Project and Regional Exploration Update
The first three holes of the maiden drill program at the Grad Property, Northwest Territories, failed to show continuity with mineralization at the BiTe showing; assays for the remaining seven holes, representing 3,518 m of the 4,489 m program, will be released together, estimated early November, due to lab backlogs. Regional sampling identified new targets, including the Manta showing with rock samples above 31.1 g/t gold, a 1.5 km Au-Bi-Te-As soil anomaly at Ogre's 27 Grains target, and over 10 g/t Au rock samples at Calypso. Rackla also staked the Lened tungsten deposit, which has a historic, non-compliant resource of 0.9 M tonnes grading 1.0% WO3, and holds $10 M in cash.
Drill results