202616 releases
Abitibi Metals Intersects 3.72% CuEq over 9.2 m Within a Broader 1.25% CuEq over 60.2 m at the B26 Deposit
Drilling at the B26 Polymetallic Deposit in Québec returned 1.25% CuEq (1.08% Cu, 0.14 g/t Au, 5.04 g/t Ag, 0.03% Zn) over 60.2 m from 548.8 m in hole 1274-25-366-W1, including 2.45% CuEq over 18.8 m and 3.72% CuEq over 9.2 m. Western Down-Plunge holes returned 1.45% CuEq over 14.1 m from 985.3 m, 0.66% CuEq over 40 m from 966 m, and 9.54% CuEq over 0.5 m. Results will be incorporated into a future resource update.
Drill resultsABITIBI METALS INTERSECTS 3.72% CUEQ OVER 9.2 M WITHIN 1.25% CUEQ OVER 60.2 M AT THE B26 DEPOSIT
Drilling at the 100%-owned B26 polymetallic deposit in Québec returned 1.25% CuEq (1.08% Cu, 0.14 g/t Au, 5.04 g/t Ag, 0.03% Zn) over 60.2 m from 548.8 m in hole 1274-25-366-W1, including 2.45% CuEq over 18.8 m and 3.72% CuEq over 9.2 m. Western Down-Plunge holes returned 1.45% CuEq over 14.1 m from 985.3 m, 0.66% CuEq over 40 m from 966 m, and 41.1 g/t Ag with 1.03% Zn over 20.6 m. Results will be incorporated into a future resource update.
Drill resultsABITIBI METALS ANNOUNCES INITIAL RECOVERIES AT B26 OF 98.2% COPPER IN METALLURGICAL TESTWORK
Initial metallurgical testwork on the B26 Polymetallic Deposit in Quebec returned flotation recovery of 98.2% copper to a saleable rougher concentrate grading 23.7% copper, achieved after a primary grind of 80% -150 µm, with rapid flotation kinetics indicating a simple flotation circuit. The program is being run by SLR Consulting in Cornwall, UK; gold, silver and zinc optimization, plus cleaner and locked-cycle testing, are ongoing, with results to feed into an upcoming Preliminary Economic Assessment.
Study resultsABITIBI METALS INTERSECTS NEW POTENTIAL VMS ZONE 1.5 KILOMETRES WEST OF THE B26 DEPOSIT
Regional drilling at the 100%-owned B26 polymetallic property in Québec intersected a new zinc-silver zone 1.5 kilometres west of the B26 deposit, with hole 1274-26-383 returning 14.25 m of 1.13% Zn and 51.51 g/t Ag (0.74% CuEq) from 455.75 m, including 3.10 m of 2.82% Zn and 120.64 g/t Ag. Hole 1274-26-385, 4.5 km north, returned 332 g/t Ag and 0.83 g/t Au over 1.0 m. Three of seven priority targets have been tested with four holes; follow-up drilling is planned for winter 2027.
Drill resultsAbitibi Metals Continues to Strengthen Leadership Team with the Appointment of Ben Pullinger as Senior Vice President of Corporate Development and Growth
Ben Pullinger has been appointed Senior Vice President of Corporate Development and Growth at Abitibi Metals, effective immediately. He previously served as President and CEO of ATEX Resources from May 2024 to February 2026, and held roles at Roxgold, Excellon Resources and Golden Star Resources. Abitibi granted him 250,000 incentive stock options exercisable for five years from the date of grant, plus 300,000 restricted share units vesting in line with company policy.
ManagementAbitibi Metals Appoints Keith Gorman as Chief Financial Officer and Operations Update
Keith Gorman, CPA, has been appointed Chief Financial Officer of Abitibi Metals, effective immediately, succeeding Eric Myung, who continues in a consulting role. Gorman was granted 200,000 stock options exercisable at $0.65 per share for five years, plus 200,000 restricted share units. Separately, all drilling and field exploration at the B26 Project in Quebec has been temporarily suspended and personnel evacuated following a SOPFEU evacuation order due to wildfire danger; no damage to camp, equipment or infrastructure has been reported.
ManagementAbitibi Metals Secures 100% Ownership of the B26 Deposit and Establishes a District Scale Consolidation Platform Across the Selbaie Camp
Abitibi Metals has entered a definitive agreement with SOQUEM to acquire SOQUEM's remaining 20% interest in the B26 polymetallic deposit in Quebec, taking ownership to 100%. Initial consideration is approximately C$7 million (C$5 million cash within 90 days of closing plus C$2 million in shares), with C$6 million milestone payments at the feasibility study and construction decision stages, and SOQUEM retaining a 1% NSR royalty. Abitibi also secures a 10-year right of first refusal on SOQUEM's Wagosic and Carheil properties.
AcquisitionAbitibi Metals Intersects 4.04% CuEq (3.63% Cu, 0.37 g/t Au) over 14 m within 1.48% CuEq (1.33% Cu, 0.13 g/t Au) over 46.7 m
Drilling at the B26 polymetallic deposit in Québec returned 1.48% CuEq (1.33% Cu, 0.13 g/t Au, 3.39 g/t Ag, 0.04% Zn) over 46.7 m from 946 m depth in hole 1274-26-378-W1, including 4.04% CuEq (3.63% Cu, 0.37 g/t Au) over 14 m. Companion hole 1274-26-378 returned 0.54% CuEq over 46.90 m, including 5.63% CuEq over 2.30 m. The results extend the high-grade Western Down-Plunge zone 50 m to the east. Abitibi holds 80% of B26, with SOQUEM holding 20%.
Drill resultsAbitibi Metals Announces Closing of Non-Brokered Financing for Gross Proceeds of $30.75 Million
A non-brokered strategic private placement closed for aggregate gross proceeds of C$30,752,228, comprising 11,764,706 charity flow-through shares at $0.85 and 35,779,704 hard dollar shares at $0.58, with a four-month-and-one-day hold period. Discovery Silver Corp. subscribed for 23,704,790 common shares, approximately 9.9% of Abitibi's issued and outstanding shares post-closing, and entered a participation agreement granting financing and other rights to maintain its interest. Flow-through proceeds will fund Canadian exploration expenses on Quebec-based projects.
FinancingAbitibi Metals Announces Non-Brokered Financing Led by Discovery Silver, With a 9.9% Strategic Stake
A non-brokered strategic private placement for aggregate gross proceeds of up to C$30,752,228 will consist of 11,764,706 charity flow-through shares at $0.85 and 35,779,704 hard dollar shares at $0.58. Discovery Silver Corp. is expected to hold approximately 9.9% of Abitibi's outstanding shares on closing and will enter a participation agreement granting financing and other participation rights. Flow-through proceeds will fund Canadian exploration expenses on Quebec-based projects; hard dollar proceeds will fund exploration, development and general corporate purposes.
FinancingAbitibi Metals Expands Western Down-Plunge Zone with 150m Step-Out, Intersecting 2.71% CuEq over 7m within 1.81% CuEq over 15m
Drilling at the B26 polymetallic deposit in Québec (80% Abitibi, 20% SOQUEM) returned 1.81% CuEq over 15 m from 1,346 m depth in hole 1274-25-373W4, including 2.71% CuEq (1.88% Cu, 0.56 g/t Au) over 7 m and 4.52% CuEq over 2 m, a 150 m step-out west of hole 373W1 that together extend the block model 300 metres. Step-out holes 376 and 377, at 200 m and over 350 m, returned lower grades, including 2.31% CuEq over 1.0 m. 8,232 metres have been completed this year, with 40,000 metres planned in 2026 and a third rig to be added. The company also renewed its agreement with Native Ads Inc. for twelve months and up to US$200,000.
Drill resultsAbitibi Metals Achieves Early Exercise of B26 Option, Securing 80% Ownership of the High-Grade Copper-Gold Project in Quebec
Early exercise of the second phase of its option agreement with SOQUEM Inc. has increased Abitibi Metals' interest in the B26 Polymetallic Deposit in Quebec to 80%, making it majority owner and operator, with SOQUEM retaining a 20% participating interest in a joint venture. Earn-in requirements included exploration expenditures and the issuance of 3,793,864 common shares. A fully funded 40,000-metre drill program is planned for 2026. The Company also granted 1,050,000 options at $0.85 and 1,100,000 RSUs.
Drill resultsAbitibi Metals Delivers Significant Increase in B26 Mineral Resource, Advancing to 13.0 Mt Indicated at 2.1% CuEq and 12.3 Mt Inferred at 2.2% CuEq
An updated mineral resource estimate for the B26 polymetallic deposit in Quebec reports 13.0 Mt indicated at 1.2% Cu, 1.2% Zn, 0.44 g/t Au and 30.8 g/t Ag (2.1% CuEq), up 14% from the 2024 estimate, plus 12.3 Mt inferred at 1.6% Cu, 0.16% Zn, 0.68 g/t Au and 8.14 g/t Ag (2.2% CuEq), up 72%. The estimate uses US$2,500/oz Au, US$30/oz Ag, US$4.50/lb Cu and US$1.35/lb Zn, and a 40,000-metre Phase 4 drill program is underway. Abitibi owns 50% of B26.
Resource updateAbitibi Metals Continues to Expand High-Grade Copper-Gold Mineralization in the Western Down-Plunge, Highlighted by 12.83% CuEq over 5m
Drilling at the B26 polymetallic deposit in Québec returned 12.83% CuEq (6.15% Cu, 7.93 g/t Au) over 5 m within 3.59% CuEq over 19 m from 913 m depth in hole 1274-17-269W6, located about 125 m east and up-dip of hole 269W5. Holes 1274-25-374W1 and W2 extended mineralization 250 m further down plunge, returning 2.04% CuEq over 2.0 m and 1.34% CuEq over 5.5 m respectively. Phase 3 totalled 24,544 m in 40 holes, with three holes pending; Phase 4 targets 40,000 m. Abitibi holds 50% of B26.
Drill resultsAbitibi Metals Appoints Proven Mine Builder and Operator David Bernier as Chief Operating Officer
David Bernier has been appointed Chief Operating Officer of Abitibi Metals, effective immediately. He was previously Chief Operating Officer of Foran Mining Corporation, where he advanced the McIlvenna Bay polymetallic deposit from feasibility into construction, and earlier served as Canadian Country Manager for Pan American Silver and General Manager of Dumas Contracting, with over 30 years of experience. The Company also granted 400,000 incentive stock options to certain officers, exercisable at $0.55 per common share for five years.
ManagementAbitibi Metals Launches Large-Scale Phase 4 Drill Program Targeting Up to 40,000 Metres at the B26 Project
A Phase 4 drill program has begun at the B26 Polymetallic Deposit in Québec's Abitibi Greenstone Belt, with up to 40,000 metres planned over 2026. The winter component covers roughly 15,000 to 20,000 metres, starting with one rig and expanding to three by mid-February 2026, and includes an initial 3,000 to 4,000 metres of regional drilling, the first at the project since it was optioned. Abitibi owns 50% of B26 with an option to earn a further 30% from SOQUEM.
Drill results
202532 releases
Abitibi Metals Issues Year-End Shareholder Letter as Copper Hits Record Highs
A year-end shareholder letter from CEO Jon Deluce summarizes 2025 activity at the B26 copper-gold project in Quebec, including 21,828 metres drilled in the expanded Phase 3 program and an intercept of 17.91% CuEq over 6.3 metres within 19.5 metres at 6.93% CuEq, plus 3.93% CuEq over 11.0 metres. The Company secured a 50% interest in B26 with a path to 80%, raised C$16.1 million in warrant-free bought-deal financings, and took 100% of the Beschefer Gold Project. A scoping study supporting early option exercise is targeted for Q1 2026, with a 40,000+ metre Phase 4 program launching in January and an updated resource estimate planned.
CorporateAbitibi Metals Closes Bought Deal Public Offering of Common Shares and Flow-Through Shares
A bought deal public offering has closed for aggregate gross proceeds of $16,104,600, comprising 13,144,500 common shares at $0.35 for $4,600,575 and 20,182,500 flow-through shares at $0.57 for $11,504,025, including full exercise of the over-allotment option. BMO Capital Markets led as sole bookrunner, with a 6.0% cash commission paid to the underwriters. Flow-through proceeds will fund exploration at the B26 Polymetallic Deposit, with expenses incurred on or before December 31, 2026 and renounced effective no later than December 31, 2025.
FinancingAbitibi Files Final Short Form Prospectus in Connection with a Bought Deal Public Offering of Common Shares and Flow-Through Shares
A final short form prospectus has been filed in each province of Canada for a bought-deal offering of 11,430,000 common shares at $0.35 for gross proceeds of $4,000,500 and 17,550,000 flow-through shares at $0.57 for gross proceeds of $10,003,500, totalling $14,004,000. BMO Capital Markets is sole bookrunner and lead underwriter. Closing is expected on or about December 16, 2025, with a 30-day over-allotment option for up to 4,347,000 additional shares.
FinancingAbitibi Metals Increases Previously Announced Bought Deal Financing to C$14 Million
A previously announced bought deal has been upsized to approximately C$14 million gross, comprising 17,550,000 charity flow-through common shares at C$0.57 and 11,430,000 common shares at C$0.35, underwritten by a syndicate led by BMO Capital Markets with Haywood Securities as co-lead. Underwriters hold a 30-day over-allotment option for up to an additional 15%. Flow-through proceeds will fund the B26 Polymetallic Deposit in Quebec, with net common share proceeds for general corporate purposes; closing is expected on or about December 16, 2025.
FinancingAbitibi Metals Intersects 17.91% CuEq (13.48% Cu, 5.15g/t Au) Over 6.3m Within 6.93% CuEq Over 19.5m in Western Zone Expansion
Hole 1274-17-269W5 at the B26 polymetallic deposit in Québec returned 17.91% CuEq (13.48% Cu, 5.15 g/t Au) over 6.3 metres within 6.93% CuEq over 19.5 metres from 976.5 metres depth, across a previously untested 80-metre gap in the Western Plunge, about 100 metres east of hole 269W3. Hole 1274-25-373W2 extended mineralization 150 metres down plunge. 19,182 metres of the 20,000-metre Phase 3 program are complete, with drilling finishing by end of November.
Drill resultsAbitibi Metals 150m Step-Out Extends B26 Western Copper-Gold Zone With 8.16% CuEq Over 3.2m Within 11.0m at 3.93% CuEq, Highlighting Significant Expansion Potential
A 150-metre step-out hole at the B26 polymetallic deposit in Québec, 1274-25-373W1, returned 3.2m at 8.16% CuEq (6.26% Cu, 2.21 g/t Au) within 11.0m at 3.93% CuEq, extending the Western Copper-Gold Zone. Hole 1274-25-371W1 returned 7.2m at 2.29% CuEq (3.56% Zn, 166.81 g/t Ag), and hole 1274-25-372, 300 metres west of the block model, gave 3.0m at 1.7% CuEq. 16,990m of the 20,000m Phase 3 program is complete, with a 20,000m Phase 4 planned for 2026.
Drill resultsAbitibi Metals Welcomes Mining Veteran and Shareholder Craig Parry to Its Advisory Board to Support the Next Phase of Growth
Craig Parry has been appointed to the Advisory Committee of Abitibi Metals Corp. Parry is Lead Director of Skeena Resources, Executive Chairman and CEO of Vizsla Copper, and Chairman of Vizsla Silver, and previously held roles with IsoEnergy, NexGen Energy, EMR Capital, Tigers Realm Coal and Rio Tinto (2000–2008). He is an existing shareholder, and the company has a drill program underway at the B26 polymetallic deposit in Quebec.
ManagementAbitibi Metals Expands B26 Mineralization: 150m Step-Out Confirms Continued Growth in the Western Down-Plunge
Drill hole 1274-25-373-W1 at the B26 polymetallic deposit in Québec intersected roughly 27 metres of mineralization, including 7.3 metres (1,285.0 to 1,292.3 metres) of approximately 10% chalcopyrite stringers and semi-massive mineralization, 150 m down-plunge beyond the current resource boundary; assays are pending. A second step-out, 269-W2b, intersected mineralization 100 m outside the current model. Phase 3 has completed 21 holes totalling about 17,500 metres, with three rigs now targeting the western down-plunge corridor.
Drill results
202442 releases
Abitibi Metals Completes B26 Gravity Survey
Drill results
202313 releases
20226 releases
Goldseek Announces Private Placement
Financing