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202616 releases
Prospector Continues to Extend High-Grade TESS Zone: Hole ML26-56 Yields 41.34 g/t Au over 7.81m Including 130.77 g/t Au over 2.25m
Drill hole ML26-056 at the TESS Zone on the ML Project, Yukon, returned 41.34 g/t Au over 7.81m from 100.62m, including 130.77 g/t Au over 2.25m, while ML26-054 returned 6.10 g/t Au, 10.76 g/t Ag and 0.55% Cu over 5.79m from 64.31m. The 2026 program is complete with 100 holes for 20,980m across nine targets, including 54 holes at TESS; assays have been released for 16 holes and 84 remain pending. TESS is defined over at least 400m along trend and to 175m depth.
Drill resultsProspector Completes Return of Capital
Prospector Metals Corp. completed its previously announced return of capital, distributing 29,400,000 common shares of Lightning Resource Corp. to its shareholders as a one-time special distribution on the basis of 0.174977 of a Lightning share for each Prospector share at a deemed price of $0.52 per Lightning share, with fractional shares rounded down and cancelled without consideration. Prospector held approximately 43.98% of Lightning immediately before the distribution and now holds zero shares (0%), relying on the prospectus exemption in Section 2.31(2) of National Instrument 45-106. B2Gold Corp.
CorporateFinalppp 46 51 52 Drill Results
Drill results from eight new holes at the ML Project, Yukon, include hole ML26-046 at the TESS Zone returning 14.72 g/t Au, 47.72 g/t Ag and 1.81% Cu over 2.10m from 43.35m; 24.17 g/t Au, 31.64 g/t Ag and 1.62% Cu over 3.50m from 67.60m; and 5.05 g/t Au, 29.25 g/t Ag and 1.16% Cu over 27.35m from 123.75m. Hole ML26-051 returned 6.44 g/t Au over 21m from 73.70m. A total of 94 holes for 18,805m have been drilled; assays are pending for 49 holes.
Drill resultsProspector Completes Disposition of Non-Yukon Assets to Lightning Resource and Confirms Record Date for Return of Capital
The sale of Prospector's non-Yukon assets to Lightning Resource Corp. (TSXV: LTNG) has closed, comprising the Savant, TooGood, Whitton and Devon Projects, 5,367,000 TooGood Gold Corp. shares, a geological database and $150,000 cash, in exchange for 29,400,000 Lightning shares, or about 43.98% of Lightning. Those shares will be distributed to Prospector shareholders as a return of capital at 0.174977 per Prospector share, with a September 4, 2026 record date and September 10, 2026 payable date. 8,000,000 subscription receipts converted into Lightning shares and 4,000,000 warrants exercisable at $0.62 until September 2, 2027.
AcquisitionProspector Metals and Lightning Resource Announce Timeline for Closing Transaction
A closing timeline has been set for the previously announced transaction under which Lightning Resource Corp. will acquire Prospector Metals' remaining non-Yukon assets — the Savant, TooGood, Whitton and Devon Projects, 5,367,000 TooGood Gold Corp. shares, its geological database and $150,000 cash — for 29,400,000 Lightning shares. Closing is set pre-market September 2, 2026, with a September 4, 2026 record date and September 10, 2026 payable date for the return of capital distribution at 0.174977 share per Prospector share.
AcquisitionProspector Metals and Lightning Resource Corp. Provide Update on Transaction
The escrow deadline for the previously completed non-brokered private placement of subscription receipts and the outside date for closing the asset acquisition under the April 15, 2026 share purchase agreement have both been extended to August 31, 2026, via agreements dated July 31, 2026. The Offering closed July 24, 2026, with 8,000,000 subscription receipts issued by Lightning Subreceipt Financing Corp. for gross proceeds of $4,000,000, held in escrow. Under the Transaction, Lightning will acquire Subco, holding Prospector's remaining viable non-Yukon exploration projects. Lightning Resource Corp. (formerly BeMetals Corp.) began trading under the symbol LTNG.
AcquisitionProspector Closes Subscription Receipt Financing Intended for Lightning Resource Corp.
A subsidiary of Prospector Metals, Lightning Subreceipt Financing Corp., closed an offering of 8,000,000 subscription receipts at $0.50 each for gross proceeds of $4,000,000, with proceeds held in escrow pending closing conditions including TSXV approval by July 31, 2026. Each receipt converts into one share and one-half warrant exercisable at $0.62 for one year. Proceeds relate to the transaction under which BeMetals Corp., to be renamed Lightning Resource Corp., acquires Prospector's non-Yukon exploration projects for 29,400,000 BeMetals shares.
FinancingProspector Provides Drilling Update, ML Project, Yukon
Fifteen holes totaling 3,203 metres have been completed so far in 2026 at the ML Project, Yukon, including 12 holes for 2,591 metres at the TESS-North Vein target on 25 m step-outs and three holes for 612 metres testing IP anomalies about 200 m west. Two rigs are drilling and a third is expected June 27th, with the planned 25,000 m program running about four months from its May 24th start. Samples are at the lab, with initial assays expected in the coming weeks.
Drill resultsProspector and BeMetals Announce Subscription Receipt Financing
A non-brokered private placement of up to 8,000,000 subscription receipts at $0.50 each for proceeds of up to $4,000,000 will be completed by Prospector Metals and BeMetals, issued by Finco subsidiary Lightning Subreceipt Financing Corp. Each receipt converts into a unit of one share and one-half warrant exercisable at $0.62 for one year, subject to acceleration. Proceeds are held in escrow pending conditions including TSXV and Court approval by July 31, 2026, and closing of the previously announced Subco acquisition.
FinancingProspector Begins Fully Funded 25,000m Drill Program at the ML Project, Yukon: Initial Holes to Focus on Expanding the TESS Zone Discovery
Drilling has commenced at the ML Project in Yukon, with up to 25,000m of diamond drilling using three rigs over four months to the end of September, under a fully funded $16 million exploration budget against a cash balance of approximately $43 million. Initial holes will step out 25m on the TESS Zone, where ML31 returned 44m of 13.79 g/t Au, 1.89% Cu and 38.08 g/t Ag. Planned meterage includes 7,500m on TESS Regional and 2,000m at Skarn Ridge.
Drill resultsProspector Strengthens Team and Provides Corporate Update
Conditional TSX Venture Exchange approval has been received for Prospector Metals to sell its non-Yukon assets — the Savant, Devon, Whitton and TooGood projects, a geological database and 5,000,000 TooGood shares — to BeMetals for 29,400,000 post-consolidation common shares, which Prospector plans to distribute pro-rata to shareholders, with a record date to be announced. BeMetals completed a 10:1 consolidation effective May 8, 2026 and will be renamed Lightning Resource Corp. Crews have mobilized to the ML Project, Yukon, for a fully funded 25,000m drill program in 2026. Dane Harwood, Curran Wearmouth and Connor Currie have joined the team.
ManagementProspector to Combine Eastern Canadian Projects with BeMetals Inc. to form Lightning Resource Corp.
Under a definitive agreement dated April 15, 2026, Prospector Metals will sell its non-Yukon projects — the Savant, Devon and Whitton properties in Ontario and the Toogood project in Newfoundland — to BeMetals Corp. for 29,400,000 post-consolidation shares, or 49.9% of BeMetals, which will be renamed Lightning Resource Corp. and consolidate its shares 1-for-10. Prospector intends to distribute the shares pro rata to shareholders; closing is expected within 60 days. Prospector retains the ML Project in Yukon, where a 25,000m drill program is planned for 2026.
AcquisitionProspector Appoints Michael Rockandel as Vice President, Corporate Communications
News Prospector Appoints Michael Rockandel as Vice President, Corporate Communications March 17, 2026 View PDF Back to News Releases Index 2026 2025 2024
ManagementProspector to Display Drill Core from Newly Discovered TESS Zone at Upcoming PDAC Core Shack Session
News Prospector to Display Drill Core from Newly Discovered TESS Zone at Upcoming PDAC Core Shack Session February 24, 2026 View PDF Back to News Releases Index 2026 2025 2024
CorporateProspector Metals Places 7th on 2026 TSX Venture 50® Ranking of Top Performing Companies
News Prospector Metals Places 7th on 2026 TSX Venture 50® Ranking of Top Performing Companies February 19, 2026 View PDF Back to News Releases Index 2026 2025 2024
CorporateProspector Outlines Fully Funded 2026 Drill Strategy for the ML Project, Yukon
News Prospector Outlines Fully Funded 2026 Drill Strategy for the ML Project, Yukon January 26, 2026 View PDF Back to News Releases Index 2026 2025 2024
Drill results
202510 releases
Prospector Continues to Expand Multiple High-Grade Gold Trends: TESS Zone Hole #32 Yields 7.29 g/t Au, 0.91% Cu over 14m and Skarn Ridge Zone Hole #24 Yields 2.04 g/t Au, 0.42% Cu over 27m Plus 4.33 g/t Au, 0.5% Cu over 19m
Drill results reported from the TESS Zone and Skarn Ridge Zone: hole #32 returned 7.29 g/t gold and 0.91% copper over 14m at TESS, while Skarn Ridge hole #24 returned 2.04 g/t gold and 0.42% copper over 27m, plus 4.33 g/t gold and 0.5% copper over 19m. The company describes the results as expanding multiple gold trends.
Drill resultsProspector Closes $38 Million Financing
News Prospector Closes $38 Million Financing November 21, 2025 View PDF Back to News Releases Index 2026 2025 2024
FinancingProspector Announces Additional Non-Brokered Private Placements
News Prospector Announces Additional Non-Brokered Private Placements November 7, 2025 View PDF Back to News Releases Index 2026 2025 2024
FinancingProspector Announces $10 Million Equity Investment By B2Gold
News Prospector Announces $10 Million Equity Investment By B2Gold November 3, 2025 View PDF Back to News Releases Index 2026 2025 2024
FinancingProspector Defines Multiple Gold Trends at Skarn Ridge: Drilling highlights include: 61.45 g/t Au over 1.9m and 4.64 g/t Au over 10m; 2.97 g/t Au over 25m; and 141 g/t Au over 0.5m.
Drilling at the Skarn Ridge project returned 61.45 g/t Au over 1.9m and 4.64 g/t Au over 10m, 2.97 g/t Au over 25m, and 141 g/t Au over 0.5m. The results define multiple gold trends at the property.
Drill resultsProspector initiates drilling on Devon Cu-Ni Project, Ontario
News Prospector initiates drilling on Devon Cu-Ni Project, Ontario October 7, 2025 View PDF Back to News Releases Index 2026 2025 2024
Drill results
202410 releases
Prospector Options Toogood Property, NL
AcquisitionProspector Issues Stock Options
Corporate