20266 releases
Arizona Metals Corp Announces Election of Directors and Results of 2026 Annual Meeting of Shareholders
Jacques Perron, Duncan Middlemiss, Pamela Saxton, Breanne Beh and Ankit Shah were elected as directors of Arizona Metals Corp. at the annual shareholders meeting held June 25, 2026. Shareholders also re-appointed McGovern Hurley LLP as auditors. A total of 36,070,056 shares were voted, representing approximately 26.18% of the common shares issued and outstanding as at the record date.
CorporateArizona Metals Announces Filing of the NI 43-101 Technical Report for the Kay Mine Project Preliminary Economic Assessment
An NI 43-101 technical report supporting the Preliminary Economic Assessment for the 100%-owned Kay Mine Project in Arizona has been filed on SEDAR+ and the company's website. The report, prepared by G Mining Services Inc. with contributions from SGS Canada, WestLand and Haley & Aldrich, is dated June 12, 2026 with an effective date of April 30, 2026. There are no material differences from the PEA results disclosed on April 30, 2026.
Study resultsArizona Metals Announces Results of Preliminary Economic Assessment for the Kay Mine Project
A Preliminary Economic Assessment for the Kay Mine Project in Yavapai County, Arizona, prepared by G Mining Services, shows a base case after-tax NPV5% of negative US$6 million and 4.9% IRR at US$4.70/lb copper, US$1.27/lb zinc, US$3,100/oz gold and US$38/oz silver, and a spot case NPV5% of US$445 million and 14.9% IRR. Payable production over the 10-year conceptual mine life totals 127 Mlbs copper, 293 Mlbs zinc, 258 koz gold and 4,712 koz silver. The NI 43-101 technical report will be filed within 45 days.
Study resultsArizona Metals’ Final Sugarloaf Peak Drill Results Demonstrate Robust Expansion and Continuity
The third and final round of results from the 2025 reverse-circulation drill program at the Sugarloaf Peak Gold Project in La Paz County, Arizona included SP-25-28 with 91.4 m @ 0.69 g/t Au, including 1.5 m @ 25.5 g/t Au, the highest gold grade on the property to date; SP-25-29 returned 123.4 m @ 0.31 g/t Au and SP-25-26 returned 56.4 m @ 0.43 g/t Au. All six final holes intersected mineralization, with 22 of 25 holes mineralized across 5,186 m drilled. Arizona Metals is conducting an exploration synthesis including 990 surface rock samples, geophysics, hyperspectral survey and AI targeting.
Drill resultsArizona Metals Intersects 22.4 m @ 1.1% CuEq in the Kay Deposit and Additional Drill Results from Kay Exploration Targets
Drill hole KM-25-195 returned 22.4 m at 1.1% CuEq in a shallow portion of the Kay deposit, part of nine holes reported from the Kay Mine project in Yavapai County, Arizona. KM-25-190 cut 2.4 m at 0.7% CuEq on the Kay North Extension, and KM-25-197 cut 0.3 m at 0.9% CuEq on the Northwest target. A Preliminary Economic Assessment is on track for the first quarter of 2026, with 2,000 m of drilling planned in the quarter.
Drill resultsArizona Metals Sugarloaf Peak Drill Results Deliver Continued Expansion Potential and Confirm Continuity
A second round of results from the 2025 reverse-circulation drill program at the Sugarloaf Peak Gold Project in La Paz County, Arizona returned 199.6 m @ 0.29 g/t Au in SP-25-18 (including 15.2 m @ 0.54 g/t Au), 89.9 m @ 0.32 g/t Au and 93.0 m @ 0.45 g/t Au in SP-25-14, which included 12.57 g/t Au over 1.5 m, and 62.5 m @ 0.22 g/t Au in SP-25-21. Assays from six holes remain pending; drilling to date totals 5,186 m in 25 holes. Arizona Metals also states it is on track for a Kay Mine PEA in Q1 2026.
Drill results
20259 releases
Arizona Metals Announces Initial Drill Results from Sugarloaf Peak Drilling
Initial results from the 2025 reverse-circulation drill program at the Sugarloaf Peak project in Arizona include SP-25-09 with 195.1 m @ 0.31 g/t Au, including 25.9 m @ 0.61 g/t Au; SP-25-11 with 109.7 m @ 0.31 g/t Au; SP-25-05 with 134.1 m @ 0.29 g/t Au and 70.1 m @ 0.32 g/t Au; and SP-25-13, which returned the round's highest individual assay of 6.64 g/t Au over 56.4-57.9 m. All nine holes assayed so far intersected mineralization across an area 900 m along strike and 800 m wide, with several holes extending mineralization 40-75 m deeper than previous drilling. Assays are pending for the remaining 16 holes of the 25-hole, 5,186 m program.
Drill resultsArizona Metals Announces Appointment of Pamela Saxton to Board of Directors; Extends Kay Deposit to 1,350 m Depth and Confirms Continuity of Kay Mineralized Horizon 280 m North of Previous Drilling
Pamela L. Saxton will join the board of Arizona Metals effective September 17, 2025, filling a vacancy created by the resignations of independent directors Michael Pilmer, Katherine Arnold and Rosa Espinoza, who were not re-elected at the June 26, 2025 shareholder meeting. At the Kay project in Arizona, hole KM-25-177A in the Kay2 Zone returned 4.3 m @ 2.6% CuEq, extending mineralization 280 m below the previous deepest intercept for a total down-dip length of about 1,350 m. Kay North Extension drilling extended mineralization roughly 440 m north, including 0.6 m @ 4.8% CuEq in KM-25-185.
ManagementArizona Metals Files Technical Report for the Kay Mine Project
An independent NI 43-101 technical report supporting the first mineral resource estimate for the Kay Mine Project in Yavapai County, Arizona has been filed on SEDAR+. The report, titled Technical Report On The Mineral Resource Estimate for the Kay Deposit Cu-Au-Zn-Pb-Ag Project, is dated August 14, 2025 with an effective date of June 17, 2025. It was authored by Allan Armitage, Ben Eggers and Shaohai (Sam) Yu of SGS, each an independent Qualified Person.
Study resultsArizona Metals Announces 2025 Mineral Resource Estimate for Kay Mine Project
An initial mineral resource estimate for the 100%-owned Kay Mine Project in Yavapai County, Arizona, reports 9.28 million tonnes Indicated grading 1.39 g/t Au, 27.6 g/t Ag, 0.97% Cu, 0.33% Pb and 2.39% Zn (3.18% CuEq), plus 0.86 million tonnes Inferred grading 1.06 g/t Au, 15.4 g/t Ag, 0.87% Cu, 0.20% Pb and 1.68% Zn (2.44% CuEq), at a 1.00% CuEq cut-off, effective June 17, 2025. The underground estimate draws on 234 drill holes totalling 133,912 m. A preliminary economic assessment is planned for the second half of 2025.
Resource updateArizona Metals Corp Announces Results of 2025 Annual and Special Meeting of Shareholders
Voting results from the annual and special meeting, convened and adjourned on June 18, 2025 and concluded June 26, 2025, showed directors Mr. Pilmer, Ms. Arnold and Ms. Rojas Espinoza did not receive a majority of votes cast for re-election, but each agreed to remain on the board, with Mr. Pilmer continuing as Audit Committee Chair, to facilitate a transition under the Canada Business Corporations Act. Shareholders re-appointed McGovern Hurley LLP as auditors and approved a new omnibus equity incentive plan. A total of 70,196,756 shares were voted, representing 51.18% of shares outstanding at the record date.
CorporateArizona Metals Intersects 29.6 m @ 10.7 g/t AuEq in Kay2 Zone and Drills Third-Highest Gold Assay on the Kay Mine Project
Drill hole KM-25-181 in the Kay2 Zone at the Kay Mine Project in Yavapai County, Arizona returned 29.6 m @ 10.7 g/t AuEq, including 13.6 m @ 17.8 g/t AuEq, and the project's third-highest gold assay of 35.8 g/t Au over 756.2–757.1 m. The hole sits about 90 m below discovery hole KM-24-166 and will be included in a Mineral Resource Estimate due this month, with a PEA by G Mining Services planned for H2 2025.
Drill resultsArizona Metals Announces Adjournment of Annual and Special Meeting
The Annual and Special Meeting of shareholders, convened June 18, 2025, was adjourned to June 26, 2025 at 11:00 a.m. (Toronto time) at the same virtual venue, with a new proxy voting cut-off of 11:00 a.m. (Toronto time) on June 24, 2025. The Chair adjourned the meeting after proxies received by the original cut-off represented less than half of outstanding shares and some shareholders reported voting delays or online issues. Shareholders of record as of May 20, 2025 remain entitled to vote, and previously accepted proxies remain valid.
CorporateArizona Metals Intersects 44.5 m @ 4.0 g/t AuEq, 18.6 m @ 2.1% CuEq, and 32.0 m @5.3 g/t AuEq in Kay2 Zone
Drilling in the Kay2 Zone at the Kay Project in Yavapai County, Arizona returned 44.5 m @ 4.0 g/t AuEq in KM-25-180, including 9.5 m @ 9.2 g/t AuEq; 18.6 m @ 2.1% CuEq and 8.4 m @ 1.9% CuEq in KM-25-178; and 32.0 m @ 5.3 g/t AuEq, 1.5 m @ 6.2% CuEq and 7.6 m @ 1.0% CuEq in KM-25-179. KM-25-176 returned no significant assays and KM-25-177 was lost before reaching target depth. The Kay2 Zone now measures roughly 100 m along strike and 140 m vertically, with an updated mineral resource estimate expected in the second quarter of 2025. Arizona Metals also received Bureau of Land Management approval for one additional drill pad and has drilled 133,000 meters on the property.
Drill resultsArizona Metals Intersects 34.8m @ 11.3 g/t AuEq in Kay2 Zone
Drill hole KM-24-170C in the Kay2 Zone at the Kay project in Yavapai County, Arizona, intersected 34.8 m @ 11.3 g/t AuEq, including 2.0 m @ 23.6 g/t AuEq and 4.0 m @ 19.1 g/t AuEq, with one sample returning 33.5 g/t Au. Hole KM-24-170B intersected 4.7 m @ 1.0% CuEq, while KM-24-173A returned no significant assays and KM-24-175 hit anomalous sulfides at the West target. A Kay mineral resource estimate is planned for H1 2025; two deep holes targeting about 1150 m are underway.
Drill results
20242 releases
Arizona Metals Corp. Announces Closing of Bought Deal Public Offering
A bought deal public offering of 15,927,700 common shares at $1.70 per share closed for gross proceeds of $27,077,090, including partial exercise of the over-allotment option for 1,221,817 shares. The syndicate was co-led by Stifel Nicolaus Canada Inc. and Scotiabank, with underwriters receiving a 5.5% cash commission, or 2.75% on president's list sales. Net proceeds will fund exploration at the Kay Mine Project and Sugarloaf Peak Property in Arizona, working capital and general corporate purposes. Insiders acquired 88,236 shares.
FinancingArizona Metals Corp. Files Final Short Form Prospectus in connection with its Bought Deal Public Offering, Underwriters exercise Over-Allotment Option
A final short form prospectus dated December 18, 2024 was filed with securities commissions in all Canadian provinces except Quebec for a $25,000,001 bought deal offering of common shares at $1.70 per share, co-led by Stifel Nicolaus Canada Inc. and Scotia Capital Inc. The underwriters exercised part of the over-allotment option for an additional 1,221,817 shares, adding $2,077,089 in gross proceeds for a total of $27,077,090; full exercise would bring $28,750,002. Closing is expected on or about December 20, 2024.
Financing