Agoracom Blog

VIDEO – Power Metallic Targets Fall PEA Backed By High Grades And Strong Recoveries

Posted by Paul Nanuwa at 5:07 PM on Monday, March 16th, 2026

WHAT YOU NEED TO KNOW

Lion delivered Power Metallic’s best copper intersection to date: 16.55 metres at 15.11% CuEqRec
Nisk Main already hosts an existing NI 43-101 resource of 5.43Mt indicated at 1.05% NiEq and 1.79Mt inferred at 1.35% NiEq
January metallurgy reported 98.9% copper recovery and strong recoveries for other payable metals
Terry Lynch says the company is targeting a fall PEA to provide a clearer economic framework around Lion
Latest drilling expanded a near-surface zone that may support an early open-pit scenario
Lion East and Lion West point to additional exploration upside
Power Metallic is backed by 15 billionaires
The company is advancing its NYSE application, while Lynch also discussed NASDAQ-related options in the interview

Power Metallic is now shifting the conversation from drill results to the question investors really want answered: what could Lion actually be worth?

At Quebec’s Nisk Project Area, Power Metallic recently reported what it called its best copper intersection to date at Lion: 16.55 metres grading 15.11% CuEqRec. For investors, that is important not only because the grade is high, but because it adds to a growing pattern of results that continue to expand confidence in Lion as a potentially meaningful discovery within a broader polymetallic system.

And this is not a company starting from scratch. Power Metallic already has an existing NI 43-101 mineral resource at Nisk Main, while Lion is increasingly emerging as a potentially important second pillar within the project area. In the interview, CEO Terry Lynch argues that the combination of high grades, strong recoveries and near-surface mineralization is beginning to move the story beyond pure exploration and toward a more defined development discussion.

THE STORY IS NOW MOVING TOWARD ECONOMICS

Lynch says the company is accelerating toward a targeted fall Preliminary Economic Assessment to help frame Lion in more economic terms.

That is a key step because investors are no longer just asking whether Lion is delivering strong drill holes. They are asking what those holes might ultimately support.

The metallurgy is part of that answer. In January, the company reported initial SGS results showing 98.9% copper recovery, along with strong recoveries for palladium, platinum, gold and silver. In Lynch’s view, that helps strengthen the bridge between high-grade intercepts and the kind of economic model investors will want to see in a future study.

WHY NEAR-SURFACE MATTERS

Another important part of the story is where the mineralization sits.

The latest release says the new drilling expanded a near-surface area that may be amenable to early open-pit extraction in a possible future mining operation. That matters because many copper stories are associated with deep, capital-intensive, long-dated development paths. Lynch argues Lion may prove different, with near-surface geometry that could support a more manageable first-phase scenario than many investors might assume.

That does not replace the need for a PEA. It helps explain why management wants one sooner rather than later.

LION MAY BE TURNING INTO A BIGGER STORY

Lion also appears to be extending beyond the original zone. Recent releases point to additional upside around Lion East and Lion West, where drilling has intersected Lion-style sulphides tied to newly recognized structural trends. In the interview, Lynch says this may indicate Lion is part of a broader polymetallic system rather than a standalone occurrence.

He also referenced Norilsk-style and Sudbury footwall analogies as part of management’s view of the broader geological potential. In the interview, Lynch framed those comparisons as part of why management believes Lion may represent more than a single high-grade zone.

That changes the lens for investors. Instead of viewing Lion only as an isolated discovery, the market may eventually need to consider whether the broader Nisk Project Area is developing into a larger district-scale polymetallic story.

BACKING, CAPITAL AND ACCESS TO BIGGER MARKETS

The interview also adds another layer to the story: who is backing it, and how the company plans to broaden its reach.

Lynch says Power Metallic is backed by 15 billionaires, and specifically referenced Rob McEwen in the discussion. He also says the company is well funded for its current plans and sees strategic value in widening investor access through a U.S. listing route.

That matters because visibility, liquidity and access to a broader investor base can all become catalysts in their own right. Power Metallic has publicly said it is advancing an NYSE application, while Lynch also discussed NASDAQ-related options in the interview.

For investors, that means the story may soon have more than one catalyst working at the same time: continued drilling, a targeted fall PEA, and potentially broader market access.

INVESTOR TAKEAWAY

Power Metallic is no longer just trying to show that Lion is high grade.

It is now trying to show that Lion could become economically meaningful.

That is the real significance of the targeted fall PEA. If management is right, the next chapter may not simply be about more strong drill holes. It may be about putting an economic framework around a growing high-grade discovery within the much larger Nisk Project Area.

Tags: #Gold, #mining, #Nickel, #Pennystocks, #silver, #Smallcap, #smallcaps, #smallcapstocks, #Stocks, critical, Metal, precious, resource
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TRANSCRIPT – Power Metallic Targets Fall PEA Backed By High Grades And Strong Recoveries

Posted by AGORACOM-JC at 4:39 PM on Monday, March 16th, 2026

George Tsiolis:

Every once in a while in mining, you stumble onto something that doesn’t just become a mine — it becomes a district, sometimes even a giant.

The most famous example is Norilsk in Siberia, one of the largest and richest polymetallic deposits ever discovered, producing nickel, copper, platinum, palladium, and more for decades.

Now imagine the possibility that something with similar geological DNA might be emerging — not in Siberia, but in Quebec, Canada.

Power Metallic’s Nisk Project has already revealed high-grade nickel, copper, and platinum group metals, and with each new drill program, the footprint appears to be getting bigger. That’s why multiple billionaires have invested in Power Metallic, and some experts now believe this discovery could represent the early stages of a major polymetallic system.

Joining us today to talk about it is Terry Lynch, CEO of Power Metallic. Terry, welcome back, my friend.

Terry Lynch: Hey, great to see you again, George. It’s always a pleasure to be on your show.

George Tsiolis: It’s great to be talking to you because you’re doing so many things for the industry and for your shareholders.

Let’s talk about Nisk here. I opened the interview by mentioning Norilsk, one of the greatest polymetallic discoveries in history. Obviously you’re not there yet, but you are pretty far down the road. Your company says this on the front page: Nisk has the potential to be a polymetallic supergiant like Norilsk.

So tell us, what do you and your team see? You’re one of the most respected teams in the industry — you don’t say things lightly. What gives you the confidence to make that bold of a statement?

Terry Lynch: We basically looked at the scientific facts and compared our deposit — tenure, grade, concentration — with other deposits in the realm of orthomagmatic deposits.

There are really only two deposits in the world that have our concentration of copper and precious metals in this format. One is Oktyabrsky, which is the heart of Norilsk — that crazy one square kilometer at Norilsk that has a trillion dollars’ worth of metals. The other is the Sudbury Footwall deposits.

Both of those deposits are obviously in excess of 10 million tonnes of contained metal.

At Norilsk, grade-wise, we’re actually a little bit above them, but we don’t have a square kilometer. And if we’re being honest, it’s unlikely we’ll get to a square kilometer.

But the neat thing about mining discoveries like ours is you don’t know how big it is yet. The cool thing is that from what we’ve already found, we can say with certainty as a management team that we’ve already found a mine that’s going to be worth multiples of where we’re at right now. And we can give good peer evidence on that.

But we haven’t found nearly what we think we’ll ultimately be finding here.

The district commentary you mentioned is likely to happen. Nineteen out of twenty times in these orthomagmatic discoveries — which is what we’ve found, a super rare deposit type, but they are the world’s richest mines — there are multiple mines.

So Norilsk found Oktyabrsky several years into the Norilsk project, and you can imagine one square kilometer is very easy to miss. You think, holy cow, I missed a square kilometer and it has a trillion dollars’ worth of metals. It’s mind-blowing.

But it’s sort of like yesterday, when we released 16.5 meters of 15% copper equivalent. I mean, that’s $2,000 rock if you do the math on it. That’s crazy rock.

Red Cloud did an update today and said that on the 95 holes Power Metallic has released on the Lion Zone, 78 have intercepts of 11 meters or more with at least 4.5% copper equivalent.

George Tsiolis: For people at home, Terry, put that into a little bit of perspective. Seventy-eight of 95 holes have at least 11 meters of 4%-plus copper equivalent. What’s a typical good number for a copper project that would make people really happy?

Terry Lynch: The average grade of a copper-producing mine in the world today is 0.4%, so we’re talking about grades that are 10 times that, 11 times that.

That’s part of the challenge, George, if we’re being frank about our communication challenges. High grade is so unusual.

The last orthomagmatic deposit discovered was Sakatti by Anglo American 18 or 19 years ago. Before that was Voisey’s Bay. So it’s just so unusual. People see these crazy high grades — like 16.5 meters of 15.11% — and they probably think, “Did they miss a decimal point? Is it really 1.5%?” It just seems too good to be true.

I think there’s some of that in people’s minds.

Part of our challenge is that we were disappointed when we put out those metallurgical recovery numbers, because in mining you’ve got to find the rock, with enough tonnage and grade to become a mine. But then one of the big tests is: can you get the minerals out of the rock in an effective way? Is there a good recovery rate? Are there going to be good payables?

We had been using 80% recoveries, which we felt was a good, healthy recovery. Some people thought that was aggressive, but we felt it was justified based on the work we’d done on the high grades.

Then we ended up getting 95% across the board. Copper was 98.9%, almost 99%.

When we released that, it was mind-blowing. We thought that was the missing link, because we’d already put out the math on the assays and grades, so people should have been able to do the back-of-the-envelope math and say, “Here’s what this thing is worth,” which in our view is probably in the billions.

The stock went up to around $1.70 and change. We thought it was going to double or whatever. It didn’t. And it’s backed off since then, even on good exploration news.

So sometimes you have to listen to Mr. Market and take the message. The message we took was simple: they want more proof.

They don’t understand this deposit. We don’t know why they don’t understand it. We have to do a better job of communicating it.

I think there may be two things going on. One, the grade may just be mind-blowing for people. Two, when people think copper projects, they think multi-billion-dollar capex and a long way down the road to build. But this is going to be a $400 million to $600 million project to get through the first phase of 1,500 to 3,000 tonnes per day.

We believe it will pay for itself in year one, and the capex is very manageable, especially when you’ve got the tax credits in Canada, including the provincial abatements.

What will get this message through, we think, is getting the PEA out there. So we’ve expedited that. We’re planning to do it this fall rather than waiting much longer. There’s such a disparity between what we think is fair market value for our stock and where we’re trading that we think it’s important to shorten that gap by getting this information out sooner.

George Tsiolis: And it may be that that’s what the market is waiting for, right? They’re doing back-of-the-napkin math, but maybe it seems too good to be true, and they’re saying, “Let’s wait for the actual PEA — the Preliminary Economic Assessment.”

Terry Lynch: Yeah, exactly.

George Tsiolis: Right — the thing that tells everybody how viable this is.

I also think the scope of your press releases is part of it. They’re very technical, and they have to be. That’s the regulations and that’s the way the world works.

They’re so detailed because you’re trying to prove what you have and communicate it to the world. But you can’t do it in a press release the same way we can do it here, where we’re going to talk more in layman’s terms.

So I think it’s a challenge even for retail investors who are looking at each other saying, “I think this is great — what do you guys think?”

When do you think that PEA comes out, Terry? Ballpark — I’m not going to hold you to it.

Terry Lynch: We’re basically saying fall, and we’re targeting to get there before Beaver Creek if we can. I would expect we’ll get the technical report out hopefully by late August, and then the PEA shortly thereafter.

George Tsiolis: I remember we did an interview when you were still Power Nickel — not even Power Metallic — and the stock was trading at 20 or 25 cents.

You’d put out a bunch of good news, really solid news, like you’ve continued to do, and you gave a famous quote that we played everywhere for months. You said people one day will be embarrassed when they realize they could have bought Power Nickel for a quarter or less.

I don’t know if you want to make that kind of bold statement now, but are you feeling the same way now that you’ve gone to this next level?

Terry Lynch: I feel we’re a better deal now, from an asymmetric risk perspective, than we were at a quarter. Honest to God.

And not only do I feel it — I’ve shown I believe it with my checkbook. I bought 700,000 shares in the last 90 days, 100,000 shares in the last couple of days. And I’ve exercised my options. I’ve put about $1.3 million in over the last 90 days.

Why? Because I don’t know of a better investment opportunity anywhere.

Now of course, I’m the biggest investor here and I’m preaching in my own church. Maybe I’ve drunk the Kool-Aid. But I know this business, I know what we’re worth, and I know what we have.

We went one way with getting the exploration results out and all the facts out there, thinking people would follow the Great Bear and Foran approach to getting valued. But that wasn’t working for us.

Perhaps it’s a more complicated story because it’s Polymetallic. It’s not a gold story and it’s not a copper porphyry story. It’s a different animal.

So we realized: okay, let’s follow the Foran example. That team did an amazing job. They got acquired for roughly $3.8 billion.

How did they do that? Because metal in the ground — what we believe we’ll show — they got 25 million tonnes at 2.5%, which is roughly 650,000 tonnes of metal in the ground. They’ve got other prospects deeper, but we all have prospects.

We believe we have something similar in the ground right now at Lion. And we still have the nickel side as well, and our prospects.

If a Martian came to Earth and looked at those two deposits, I believe they would take ours all the time, because it’s smaller, near surface, off the road, more compact, more profitable in processing, and has a lot more upside.

That’s not to disparage Foran — they did an amazing job. Congratulations to them.

What did they do? They de-risked it in the investor’s mindset. That’s the lesson for us. They did a PEA, a PFS, a feasibility study. They got Agnico in as a strategic investor. They got designated as a project of merit in Canada. They got the Canadian Growth Fund to invest.

All of that de-risked it in investors’ minds and got them to the point where they were able to do that merger.

All those steps are repeatable for us, and those are the steps we’re going to go down now.

George Tsiolis: Follow the game plan, because you’ve got the goods.

Terry Lynch: Exactly. Either you have the goods or you don’t. Brother, we’ve got the goods.

That’s the point that shocks me. I’m not a trader — I’m an investor. I invest and I hold until I think my investment has reached value, and then I exit.

I look at this and think that in two years, worst case scenario, I believe we’re a Foran. We can go from where we are now to that $3.8 billion number based on where we are.

And I also believe that if history tells us anything about these orthomagmatic projects, there are going to be several times what we’ve already discovered found over the next few years.

George Tsiolis: And you’re talking about what you’ve got right now — not even what you might find later.

Terry Lynch: Exactly. It’s very asymmetric.

We’ve got the best scientists in the world on this type of deposit working for us — Steve Beresford, Joe Campbell. They’re using the best technology. We’re well-funded and we’re executing.

So why are people betting against these guys when it’s so cheap?

But we also have to accept the medicine and recognize that we’ve got to communicate better. We have to tell the story better. We have to recognize that people want more proof — so let’s give them more proof.

George Tsiolis: That’s very important, because I want to backtrack a little.

You talk about your geo team. You talk about putting your money where your mouth is. I call that third-party validation — it’s very important.

So let’s go back a few minutes to where you said you’ve bought hundreds of thousands of shares, over a million shares yourself.

But you’re not just the overly optimistic CEO drinking his own Kool-Aid. How many billionaires are in this deal with you? I’m not looking for names, but I remember you talking before about a dozen or so. How many billionaires are in this with you?

Terry Lynch: Fifteen.

George Tsiolis: Fifteen.

So for anyone new to Power Metallic, this isn’t Terry just betting all in because he’s the CEO. You’ve got 15 billionaires — pretty smart people, very well versed in the resource space — who understand all this and said, “Terry, we’re participating in your private placement.”

What should current investors, and maybe more importantly new investors around the world, take from the fact that you’ve got 15 billionaires in this who know their stuff and don’t want to lose money?

Terry Lynch: The one observation I’ve made, because I’ve met these guys over the years, one by one, face-to-face, is that they typically all come in small first and then in a bigger way.

These guys are not traders. They’ve got so much money they just can’t be bothered. They may be invested in some fund that trades, but they themselves aren’t traders.

So when they come into a deal like this, they come in with the mindset of, “I can buy at X and sell at 10X,” or whatever multiple they believe is valid.

They’ve got enough track record and experience that they’re prepared to be patient.

A lot of investors in our market get shaken out by volatility. Our stock in 2024 went from around 20 cents to a dollar, then in 2025 from about $1 to $2, then ended the year back at $1, and now it got up to $1.70 and is back around $1.15 or $1.20.

There is volatility. But the billionaires don’t let the volatility shake them out. They’re not trying to trade the swings.

They’re saying, “I believe this guy’s got a mine, and when he gets taken over or commercializes this, we’ll look at it then.”

Their first question is: do we think this is going to be a mine?

I think they bet early on that this was going to be a mine, and I think that’s a solid bet. I 100% believe this is going to be a mine, and that mine will be worth a lot of money.

You can see what the Foran project is worth. I believe we’ll be worth that. If we find more, which I believe we will, then it will be worth multiples of that.

That’s the wonderful thing about mining and about this project in particular — the upside is uncapped.

These orthomagmatic systems can be very, very big. I think that’s the mindset of the billionaires: they look at it and think, “I can leave this one alone, go to sleep on it, and just let it play out.”

George Tsiolis: Let Terry cook, as the kids say.

But last question before I move on from the billionaires: how have they been reacting to the continued news and developments since they made their investments?

Terry Lynch: It was funny — Rob McEwen has probably been one of our biggest supporters. He’s been in for three private placements.

I bumped into him at the BMO conference. He came over and hung out at the booth for 20 or 30 minutes. We were one of the 10 companies at BMO displaying our core, and our core was ridiculous — just beautiful.

I said, “Rob, what do you think about the stock price?” He said, “Yeah, you’re just not getting any love.”

One of the things he brainstormed was maybe we should start putting things out in gold-equivalent terms, because maybe copper-equivalent doesn’t resonate with people. Maybe if they saw gold-equivalent numbers it would help them understand.

He also suggested maybe doing a scatter diagram. He said when they were building Goldcorp, they had similar issues and one scatter diagram showing 1 gram holes, 5 gram holes, 10 gram holes, and 10-plus gram holes was a really powerful visual.

So maybe something like that.

It’s great to have billionaires brainstorming with you about how to communicate better. That’s one example of someone really leaning in and trying to help.

George Tsiolis: And on that point, I think he has a good one. Polymetallic is harder for retail. If they’re asking, “Is it nickel? Is it copper? Is it this?” maybe that advice helps.

Terry Lynch: Yeah. I sort of say to people: people buy chicken and people buy beef, but we’re the most protein per pound. How do you communicate that?

People are looking for chicken stories and beef stories, and we’re a protein story that may be better than both combined — but people aren’t looking for it that way.

We haven’t solved that yet, but we need to.

George Tsiolis: And maybe you don’t have to stick to one. You could say, “Here’s our copper equivalent, here’s our gold equivalent,” maybe give them three or four equivalents so everyone can latch onto what they understand.

Terry Lynch: Pretty easy equipment, for sure.

George Tsiolis: Let’s talk about capex, because one thing that often kills companies like yours is capital cost.

For people at home, that’s the amount of money required to get what you have out of the ground.

You don’t need the kind of massive capex some other projects do, because you’re near surface. I think you said earlier that Phase 1 might be ballpark $400 million or $500 million and you think the payback could be in a year.

Terry Lynch: Yeah. If you can pay back in eight years, you’re ecstatic. A one-year payback is incredible.

The PEA will show this, and we’ll get it out there.

I think one of the mistakes people make is they think of most copper stories as VMS or porphyry deposits, which tend to be more complicated and much more expensive — a couple billion dollars is not unusual.

That’s not going to be the case here. This is an at-surface deposit, which is great. Some parts of it will be open pit for sure, and much of the juice is right at the top.

So this thing will have a really speedy payback, we believe. And in Canada you’ve got the 30% federal tax credit you can turn into cash. There’s all sorts of money now to build these mines from a debt and subordinated debt perspective.

I don’t think financing the mine will be a problem if we want to build it ourselves, or with a contract miner, or with a strategic partner.

People often ask us whether we think we’ll sell out or be acquired.

George Tsiolis: That was going to be my question. Sell or build?

Terry Lynch: We’re going with the view that we’re going to build it, because that’s definitely the play here.

Now, if we get some outstanding offer that de-risks our shareholders and gives us a healthy piece of the upside, we’ll obviously look at it.

But our view is that this will be the first of many mines up there.

Now, we haven’t found the other mines yet, so maybe that’s all just a pipe dream in Terry’s head. But if we look at the other 20 orthomagmatic deposits in the history of the world, 19 of them had multiple mines.

So we’ve got 20-to-1 odds that we’re going to find multiple mines here.

George Tsiolis: I’d take those odds.

Terry Lynch: I’d take those odds too.

If you’ve been blessed enough to find one of these, which we have been, thank God for that blessing, do you really want to be out of it early?

There’s always a price where it makes overwhelming sense for shareholders and avoids a lot of risk, sure. We’d look at it. But there are also structures like a joint venture where we get paid, get carried, still own 50%, and stay in the game.

There are a lot of ways to skin the cat, and we don’t have to worry about that right now. We’ll do right by shareholders, because we’re all big shareholders ourselves and everyone wants to create value.

George Tsiolis: And you’re cashed up, right? You’re not the typical small cap that drills, goes back to market, gets diluted, drills again, and repeats the cycle.

Terry Lynch: We had $33 million in the bank at the end of last quarter, and we’ve got about $17 million of warrants and options that expire this year that are well in the money. We’ve already had a couple million come in.

So we’re good for cash.

And we think the strategic investor process that Foran and others have done is probably something we’ll explore. We won’t do it until after the PEA is out, because then hopefully we’ll have a big number on the table.

There’s a lot of interest from much bigger investors to write much bigger checks. So the idea is to make it a bit of a beauty contest and get the maximum price.

George Tsiolis: So if you wanted to raise $20 million right now, you probably could.

Terry Lynch: Oh yeah. In a heartbeat.

George Tsiolis: Let’s talk macro tailwinds before we sign off.

It seems like governments — finally including the Canadian federal government — want to help. We know the U.S. government is helping through the Department of Defense and other programs.

What do the political tailwinds behind you look like? They want less dependence on China, they’re willing to open up money, fast-track projects — how much better are those tailwinds than they were before?

Terry Lynch: There’s no question they’re better. Two years ago, nobody was really talking about critical minerals. Now it’s front-page news.

We’ve been working with the U.S. as well. We were down at Mar-a-Lago a couple of weeks ago getting to know the defense people looking for strategic supplies.

Whether they’re Canadian or American doesn’t really matter to them. That’s a process we’re involved in, and I think there are definitely opportunities there.

We’ve met with the PMO office in Ottawa. They’re supportive. We’ve met with the Canadian Growth Fund, Investissement Québec — all these groups are super supportive. They all want to get behind the project.

I think it’ll be easier to access that kind of capital once we have the PEA, because the PEA is the point where an independent third party says, “Under these assumptions, this project is worth X.”

It gives people something objective to rely on.

The real challenge when you’re talking to investors is that they don’t want to be fired. They don’t want to do something really stupid. So part of the de-risking process is making it easy for them to buy by laying out the evidence clearly.

The same thing applies to governments. They need paper. They need independent support. That’s just how the process works, and probably how it should work.

So yes, we’re definitely pursuing those routes, and that’s certainly positive for us.

George Tsiolis: And that also explains why you’re accelerating the PEA instead of waiting another year.

Terry Lynch: Exactly.

Back in 2024, we had visions that we could go the Great Bear and Foran route based purely on exploration results because the stock rocketed and it looked good.

But in 2025 and now, we’ve continued to execute. We’ve expanded our land package six-fold, improved recoveries from 80% to 95%, continued to grow the Lion Zone — all of that — but the market didn’t fully reward it.

So we have to learn from that. There are other pathways. Foran has given us a great example, as have others like Adriatic.

George Tsiolis: I think markets do go through lulls. You can lose momentum for a while, and people start chasing other stories.

Maybe while some investors are waiting for the PEA, they’re chasing little gold names that go from 15 cents to 50 cents in six months.

You almost can’t fault people for saying, “I’ll wait on Power Metallic and chase some of these penny stocks first.”

Terry Lynch: That’s a valid concern, and it’s been raised to us.

But we just changed strategy on this and publicly spoke about it at PDAC. The world is only now starting to learn that we’re going to do this PEA, and it’s not a year out — it’s in September. It’s imminent.

Our job is to communicate that to the market.

I believe the move starts before the PEA. The smart money should be doing the math themselves and buying the stock already.

And the other catalyst we haven’t talked about is the move to the U.S. markets.

George Tsiolis: Let’s talk about that. I didn’t know it was on the table.

Terry Lynch: It is.

Listen, you and I are both patriotic Canadians, but the Canadian capital markets are fraught with problems. We know that.

The Americans are now waking up to the fact that they need to shore up supply chains. They’re also waking up to the fact that they need exposure to precious metals and mining again.

So I think there’s going to be more and more interest in mining. Robert Friedland was at the White House the other day and mentioned that the S&P had only 1% in mining at one point versus something like 14% at its peak.

You can imagine what’s going to happen to the mining sector, especially high-quality companies like Power Metallic, when more money starts pouring in.

And it’s already starting.

I’ve done non-deal roadshows in New York recently, meeting with some of the biggest multi-strategy funds in the world. One fund manager told me that yes, we’re small for them, but if they want exposure to the sector, they have to come down the cap stack and buy names like ours because that’s where the growth is.

I think that’s going to happen.

To make that easier, it would be easier for us if we were listed on the NYSE or NASDAQ.

George Tsiolis: I’m sure they’ve told you that too.

Terry Lynch: They have.

We’ve applied to both. We were leaning toward New York, and that may still be the way we go, but NASDAQ approached us about their newer ADR route for Canadian companies, where we may not have to consolidate and could trade through an ADR structure.

That’s interesting. From what we understand of the technical requirements, we may qualify.

So we’re going through that process now and should know more in the next four weeks or so. Then we’ll decide.

I think a move to the U.S. makes a ton of sense, because it opens the stock up dramatically.

I was on a roadshow in South Florida through the Palm Beach Hedge Fund Association. We saw 90 investors in 3 days. Great response.

A lot of them said they’d buy the stock, but one issue was accessibility — they couldn’t buy it easily through Merrill Lynch and would need another broker.

When you’re listed on NYSE or NASDAQ, all of a sudden the world can buy it.

George Tsiolis: Exactly. Someone can just be on their phone and buy 50,000 or 100,000 shares through their existing broker. No friction.

Terry Lynch: Exactly. I think that will be a big catalyst when it happens.

So between messaging around the PEA, the eventual move to the U.S., and the fact that we’ve got six rigs turning every day, there’s a positive news cycle here.

We’re running 60 to 70 meters per rig per day, so 300 to 400 meters a day total. Every three or four weeks there should be more news, and we’re finding more stuff.

We never know when a true discovery hole on a new zone is going to happen — that happens when it happens — but we’re definitely growing resources, in our view.

Then you’ve got the move to U.S. markets, and then ultimately the PEA.

We’re also in a particularly heavy investor outreach cycle right now. I’m off to Zurich for Swiss Mining next week, then speaking at the Roth conference the following week. We’re in demand because people are very interested in the story.

Last time around, before we did that financing, we met an investor who didn’t want to wait for the financing and bought in the open market instead. That’s all it takes.

I was on with a huge fund yesterday that I know well and have spoken to for a year. I told them we’re not going to do a round below $1.45 — that’s where the last round was done.

If they want stock, now is a great time to buy. Do the math. This isn’t smoke — the evidence is there.

This thing is super undervalued, and we think we’re changing how we communicate that to the market. We think people will start to listen, do their due diligence, and make their own decisions.

George Tsiolis: And that’s why conversations like this matter so much.

Your press releases are highly technical because they have to be, but when we can speak like this — about near surface, location, government incentives, 15 billionaires, recoveries, grades that are 10 times the average copper mine around the world — that’s what investors need to hear.

Then they can go dig into the details if they want.

Terry Lynch: Exactly.

George Tsiolis: People should take those results and feed them into ChatGPT or Grok or whatever large language model they prefer and ask, “Is Terry blowing smoke, or how do these results compare globally?”

Terry Lynch: They should do that. I’ve done that. Grok loves us.

George Tsiolis: I’d encourage everybody to do that. I’m a shareholder, we’re all putting our money where our mouth is.

Terry, you’ve got the team, the project, the results, the third-party validation, and 15 billionaires behind you. You have it all. So now it’s just a case of—

Terry Lynch: Keep working, George.

That’s it. We’re going to keep working every day, get our message out, and eventually the market will weigh it properly.

One of our bigger investors sent me a Warren Buffett / Benjamin Graham-style quote recently — basically that in the short term, the market can be emotional, but in the long run it’s a weighing machine.

What’s really cool here is that this opportunity has been pretty thoroughly de-risked.

Before the met work came out, the stock got as low as around 80 cents last year. It’s obviously ripped back through that. So relatively speaking, the downside is pretty low compared to what we’ve accomplished in the last couple of years.

Yet the upside is uncapped.

So when you look at that risk-return curve, I think there’s a really compelling story there.

And I say to people: if you’re listening to this and you think, “It’s still a small cap, maybe too volatile for me,” then invest in a good mining fund.

What you don’t want to do is miss mining entirely right now.

Take money out of tech and put it into mining — or into a good cross-section of mining vehicles. There are lots of good funds out there. This sector is going to rip, in my opinion.

If you miss this, you’re going to regret it.

George Tsiolis: Last time you said that, it was Power Nickel at 20 cents.

We played that clip everywhere, and people saw that conviction.

Now you’re making the call again, and you’re putting your money where your mouth is. You have 15 billionaires seeing the same thing you’re seeing.

You’re not just talking your book and hoping for a short-term blip. You’re telling people that two years from now they may be saying, “I’m glad I watched that interview,” or, “I wish I had.”

Terry Lynch: And that’s why I brought up the funds too.

When we raised that $50 million a year ago, half of it came from Australia, 25% from Europe, and 25% from the U.S. The only Canadian investors were Robert McEwen and Robert Friedland.

Why? Because Canadian funds didn’t have enough available capital. They would have had to sell another position to buy us.

There are great funds out there — Scotia’s 1832, Palos Capital, BT Global and others run by smart people. If you don’t want to buy individual names, invest with them.

George Tsiolis: And they hold Power Metallic, hopefully?

Terry Lynch: Yes, they do.

Those are really good investors. But they need more capital to invest.

So if you want a more diversified approach, that’s perfectly fine. Everyone has their own risk scale. There are horses for courses. You find the right horse for you.

But don’t miss the horse.

George Tsiolis: Terry, all kidding aside, that’s big of you to say. You don’t have to invest in Power Metallic specifically — you can invest through funds.

Terry Lynch: I’m a big believer in mining. I’m on PDAC. I started Save Canadian Mining. I really believe in the space.

And I think we couldn’t be having a more epic setup than we do right now.

For long-suffering investors, I think this is the time. Find the quality names or quality funds you like and put a meaningful part of your portfolio into them. I think it’ll do very well.

George Tsiolis: And for everyone watching, throw Power Metallic’s numbers into ChatGPT and ask whether this is one of the horses you should be looking at.

Terry, thanks for joining us. We’ve gone 45 minutes and it flew by.

Now let’s give people a chance to really dig into the company, look at the website, look at the data, and do the digging for themselves. Then when we come back next time, we’ll get great feedback on what they found.

Last words to you before we sign off — what do you want to say to current shareholders and prospective shareholders?

Terry Lynch: I was talking to one of my shareholders today, and I said one reason I encourage shareholders to contact us if they have a question or concern is that I don’t want people to get shaken out by volatility.

I’m not a trader. I’m an investor. I buy at X with a view to selling at 10X, or whatever the case may be.

Maybe some people out there are traders and can do that well. I’ve never been good at it. I’m too busy working. I don’t have time to sit in front of a screen all day, and I want to sleep at night.

When it went down, I bought more, because I’m confident that ultimately the volatility is a mirage and the facts will win out in the end.

Rick Rule, one of the greats in the space, once told me that some of his 100-bagger or 1,000% return stories went down by more than 50% three times on the way up.

That’s called diamond hands.

Power Metallic went from $1.95 down to 80 cents — about a 60% retracement. Then back to $1.70, then back to $1.06 — another 40% retracement.

Does that frustrate you when you own it? Of course it does. I’m not saying I’m not frustrated by it.

But I can’t change the market. That’s just the nature of this market.

What I do know is that it’s a great horse. So don’t get shaken off the horse.

The horse is going to get to the endpoint here, and it’s going to be a great ride. Be at peace with whatever level of investment you’re prepared to make.

I feel the same way about the broader mining sector. Ride through it peacefully over the next five years, and I think you’ll harvest a great return.

George Tsiolis: And by the way, Nvidia, Tesla, Meta, Netflix — they all went through massive volatility too.

Not that we’re equating Power Metallic with the Magnificent Seven, but it has followed a similar pattern of trial and tribulation.

If they’ve got the goods — and only you at home can decide that, no one else can make that decision for you — then if you believe this is one of your horses, stay on that horse until something materially changes.

Terry, I like the Power Metallic horse myself. That’s my own personal opinion, and I’m with you.

Thank you for joining us, my friend. Can’t wait to have you back, because I know there will be more news to talk about.

Until then, I think everyone will appreciate that you took the time to speak to them like we were just sitting around in a bar or a backyard pool talking about Power Metallic.

Terry Lynch: All right, buddy. Good talking to you again, George. Cheers for now.

George Tsiolis: Thank you, Terry. And for everyone at home, thanks for joining us. Have a great day. See you next time.

Watch Interview Here: https://agoracom.com/ir/PowerNickel/forums/discussion/topics/819272-VIDEO—Power-Metallic-Targets-Fall-PEA-Backed-By-High-Grades-And-Strong-Recoveries/messages/2459975

Tags: #polymetallic, copper, mining, nickel, Norilsk, small cap, small cap stocks, small caps
Posted in Power Metallic Mines | Comments Off on TRANSCRIPT – Power Metallic Targets Fall PEA Backed By High Grades And Strong Recoveries

Tartisan Nickel Reports Broad Nickel-Copper Intercept At Kenbridge As Phase 1 Drilling Builds Momentum

Posted by Brittany McNabb at 4:18 PM on Monday, March 16th, 2026

Hole KB26-210 Returns 24.6 Metres Of Nickel-Copper Mineralization, Including Higher-Grade Intervals Within A Wider Zone

For investors following the critical minerals space, Tartisan Nickel Corp.’s latest drill results from the Kenbridge Nickel-Copper-Cobalt Project add another important piece to the story unfolding at depth.

The Company has reported results from hole KB26-210, the fourth completed hole in its 2026 Phase 1 drill program, highlighted by 24.6 metres grading 0.71% nickel and 0.56% copper in the A Zone. Within that broader interval, Tartisan also reported 6.1 metres grading 1.17% nickel and 1.45% copper, along with 2.0 metres grading 1.73% nickel and 0.31% copper. The B Zone returned an additional 5.8 metres grading 0.27% nickel and 0.24% copper.

The result adds a broad nickel-copper intercept to the current program and gives the Company another data point as it works to better define the Kenbridge deposit below existing underground development.

A Program Designed To Test Size And Depth Potential

Kenbridge, located in the Kenora Mining District near Sioux Narrows in northwestern Ontario, is Tartisan’s flagship project. According to the Company, the Phase 1 drill campaign was designed to test the deposit both along strike and down dip, with the objective of enhancing the size and grade potential of the system.

So far, Tartisan says it has completed 3,191 metres of drilling across the first four targets: KB26-207, KB26-208, KB26-209, and KB26-210. Drill core samples were submitted to AGAT Laboratories in Thunder Bay for analysis.

In the latest update, the Company said KB26-210 intersected both the A Zone and the B Zone, with estimated true widths ranging from 65% to 80% of reported core lengths.

A Broader Mineralized Zone Emerging At Depth

What stands out in the new release is the width of the A Zone intercept.

Tartisan described the 24.6-metre interval as a significant result and stated that the deposit appears to be flaring outward at depth. That matters because broader mineralized intervals can help build the geological picture as the Company evaluates continuity and potential expansion below the existing shaft bottom.

Within the wider interval, the presence of higher-grade sections adds further interest to the result and may help guide future technical work as the Kenbridge system is drilled deeper and more systematically.

CEO Mark Appleby said the Company is encouraged by the outcome, noting that the result supports continuity of significant nickel-copper mineralization and adds confidence to the broader resource potential at Kenbridge.

Existing Underground Infrastructure Sets Kenbridge Apart

Kenbridge is not an early-stage grassroots project.

The project already benefits from all-season road access and includes an existing shaft to a depth of 2,042 feet, or 622 metres, according to the Company. Tartisan also stated that level stations occur at 150-foot intervals below the collar, with developed levels at 350 feet and 500 feet.

That existing infrastructure provides important context for the current drill campaign, particularly as the Company continues testing below the known underground workings.

Phase 2 Already Taking Shape

Tartisan said the program is pausing briefly for spring break-up, with Borehole EM planned for the completed Phase 1 holes before Phase 2 drilling begins this spring.

That next step is important because it shows KB26-210 is not being presented as a one-off result. Instead, it forms part of a broader sequence of drilling and geophysical work intended to improve understanding of the deposit and support the next stage of project advancement.

The technical information in the release was reviewed and approved by Dean MacEachern, P.Geo., an independent consultant and Qualified Person under NI 43-101. Tartisan also outlined its QA/QC procedures, including the use of certified reference materials, blanks, duplicates, and analytical work completed through AGAT Laboratories.

Why This Matters

Tartisan Nickel’s latest update adds a broad nickel-copper intercept to the growing body of technical results coming out of Kenbridge in 2026.

With Phase 1 drilling completed, Borehole EM work on deck, and Phase 2 expected to begin this spring, the Company continues to move Kenbridge forward through a steady sequence of technical steps. For investors watching the critical minerals sector, KB26-210 offers another indication that the Kenbridge system warrants continued attention as drilling pushes deeper into the deposit.

Source: https://tartisannickel.com/en/tartisan-nickel-corp-intersects-24-6-metres-of-0-71-ni-0-56-cu-including-6-1-metres-of-1-17-ni-1-45-cu-at-the-kenbridge-nickel-copper-cobalt-project-northwestern-ontario/

https://agoracom.com/ir/Agoracomupdates/forums/discussion/topics/796135-DISCLAIMER-AND-DISCLOSURE/messages/2399000

Tags: copper, nickel, nickel stocks, penny stocks, small cap stocks, small caps
Posted in AGORACOM Client Feature, Tartisan Nickel | Comments Off on Tartisan Nickel Reports Broad Nickel-Copper Intercept At Kenbridge As Phase 1 Drilling Builds Momentum

ESGold Approaches Production With Gold Near Record Highs

Posted by Alavaro Coronel at 5:16 PM on Thursday, March 12th, 2026

“We are building EsGold into Canada’s next producing mining company” CEO Gordon Robb

A COMPANY MOVING STRAIGHT TO FULL BUILD-OUT

With gold trading near record highs, investors are paying closer attention to small cap companies moving toward production rather than simply talking about long-dated development plans. ESGold Corp. (ESAU: CSE | ESAUF: OTCQB) says it is now funded to advance its fully permitted Montauban Gold-Silver Project in Quebec toward a planned 1,000 tonne-per-day tailings reprocessing operation, replacing its earlier staged approach of starting at 500 tpd and expanding later.

Management says that the shift reflects a stronger cash position, higher precious metals prices, and the goal of moving directly to continuous full-capacity operations rather than pausing after an initial start-up phase. ESGold has also stated that Montauban is under construction, fully permitted, and anticipated to begin production in 2026.

STRONGER CAPITAL POSITION, BIGGER EXECUTION PLAN

The heart of the story is that ESGold is no longer talking about building in stages. Gordon Robb said the company now has “just north of C$20 million” in cash, alongside a previously announced C$9 million Ocean Partners facility, which management says supports the move to a full 1,000 tpd build-out from the outset.

That matters because Montauban’s September 2025 updated PEA outlined preliminary economics that included a 60.3% after-tax IRR, C$24.27 million after-tax NPV (5%), less than two-year payback, and C$103.73 million in projected life-of-mine revenue using US$2,900 gold and US$31.72 silver.

TAILINGS FIRST, EXPLORATION NEXT

What differentiates ESGold is that the initial production plan is based on historical tailings already at surface rather than new underground mining. That gives Montauban a different development profile than many traditional junior mining stories, which often require years of drilling, permitting, and infrastructure work before production is even visible. ESGold’s strategy is to move toward production first, then use that operating base to support broader growth if execution goes to plan.

At the same time, the company is not presenting Montauban as just a tailings story. ESGold’s integrated 3D model identified a mineralized corridor extending to roughly 900 metres depth and more than 2 kilometres of strike, and the company followed that by expanding its land package to 417 claims covering about 20,618 hectares, or 206 square kilometres. ESGold is now conducting a 70 km² ANT survey and preparing for hard-rock drilling.

OUTLOOK: PRODUCTION PATH PLUS DISTRICT-SCALE UPSIDE

For investors, this interview sharpens the ESGold thesis. Montauban is being positioned as a dual-track story: a planned near-term production path from surface tailings and a broader district-scale exploration opportunity beneath and around a historic mining camp. That combination is what gives the story more weight than a typical single-asset junior with only long-dated optionality.

As with all pre-production mining companies, execution, financing, timing, and commodity-price risks remain. But with a fully permitted project, construction underway, announced funding support, and a growing technical case for a larger mineralized system, ESGold is trying to move Montauban from redevelopment concept to operating platform in a much stronger metals environment.

Watch the full interview with CEO Gordon Robb to hear why ESGold believes Montauban can combine a planned path to production with meaningful exploration upside in Quebec.

Tags: #Gold, #mining, #Pennystocks, #silver, #Smallcap, #smallcapstocks, 3D
Posted in EsGold Corp | Comments Off on ESGold Approaches Production With Gold Near Record Highs

HPQ Closes $3M Financing And Resets Novacium Structure As Battery And Hydrogen Technologies Move Toward Commercialization

Posted by Alavaro Coronel at 5:43 PM on Thursday, March 5th, 2026

When a development-stage technology company raises new capital while simplifying the governance structure of a key technology partner, it can signal a shift in how management plans to advance its programs. In this case, that transition is defined by HPQ Silicon closing a fully subscribed $3 million non-brokered private placement, while simultaneously finalizing its increased ownership and revised governance framework at Novacium SAS.

HPQ Silicon, a Québec-based advanced materials and process development company, intends to use the capital to support general working capital, advance a matching $3 million NRCan-supported silicon-based battery materials program, and continue development of its hydrogen technologies, while the Novacium restructuring is designed to support access to targeted funding programs in France and Europe. Together, these developments provide the company with additional capital and a simplified governance structure as it continues advancing its technology platforms.

WHAT YOU NEED TO KNOW

$3M Financing Closed: HPQ raised $3M CAD byissuing approximately 18.18 million units.
NRCan Program Advancement: Participation in the NRCan-supported silicon battery materials program requires HPQ to incur eligible costs before reimbursement.
Novacium Governance Update: Ownership in Novacium increased to 36.8%, while HPQ converted its Category P priority share into common shares, simplifying governance.

STRATEGIC IMPLICATIONS

Energy transition technologies and advanced materials development often require significant capital and long development timelines. As electrification expands and demand grows for higher-performance batteries and alternative energy systems, companies are exploring new materials and delivery technologies designed to improve performance and reliability.

Through Novacium, HPQ is advancing silicon-based anode materials. According to previously reported testing results released by the company, Novacium’s GEN3 silicon-based anode batteries demonstrated more than 1,000 charge cycles and approximately a 30% cumulative energy gain compared with graphite-based benchmark batteries under reported testing conditions.

Novacium is also advancing METAGENE, a hydrogen technology platform focused on enabling on-demand energy generation. HPQ holds exclusive North American rights related to that technology through its partnership structure with Novacium.

During the interview, management stated it believes the company now has clearer visibility on potential commercialization pathways, including specialized battery applications, partner-financed fumed silica production facilities, and hydrogen deployments aligned with remote energy needs and critical-minerals development.

The $3M financing, completed with an investor outside Canada, is intended to provide working capital and allow the company to continue advancing its development programs while pursuing potential partnerships, government support, and commercial opportunities.

CEO BERNARD TOURILLON

“We’ve reached the point where the fly-by-the-seat-of-your-pants structure just doesn’t work anymore. We believe we know where our revenues are going to come from, and we needed to stop thinking quarter to quarter and fund the plan.”

INVESTOR TAKEAWAY

For investors, the interview outlines management’s view that the financing and Novacium governance changes provide additional capital and structural clarity as HPQ advances its technology platforms.

The private placement supports continued work on the NRCan-supported silicon-anode battery materials program, while also supporting hydrogen technology development and general corporate initiatives.

At the same time, Novacium’s simplified governance structure may help align the company with potential European energy and innovation funding programs, while HPQ’s ownership position in Novacium increases to 36.8%.

Management also indicated that fumed silica commercialization may be pursued through partner-financed plant structures, which could allow HPQ to focus its capital on battery materials and hydrogen technologies.

Overall, management believes the company is positioned to continue advancing its technologies as it works toward potential commercialization opportunities across its battery materials and hydrogen platforms.

Tags: #Smallcaps #Pennystocks #Smallcapstocks #Smallcap
Posted in HPQ-Silicon Resources Inc. | Comments Off on HPQ Closes $3M Financing And Resets Novacium Structure As Battery And Hydrogen Technologies Move Toward Commercialization

Structural Imbalance in Silver Strengthens the Case for Magma Silver

Posted by Brittany McNabb at 1:41 PM on Tuesday, March 3rd, 2026

Bank of America’s latest silver outlook has reframed the discussion around the metal’s long-term trajectory. With projections ranging from $135 to $309 per ounce by the end of 2026, the bank’s metals research team points to historical gold-to-silver ratio compression, structural supply deficits, and accelerating industrial demand as key drivers. Against that macro backdrop, Magma Silver Corp. is advancing its Niñobamba silver-gold project in Peru with permits secured, funding in place, and a defined drill program planned. The alignment between improving industry fundamentals and project-level execution places Niñobamba squarely within the broader silver narrative now unfolding.

Industry Outlook and Magma Silver Corp’s Trajectory

Bank of America’s thesis centers on two interlocking forces: ratio math and structural imbalance. With gold trading near $5,000 and the gold-to-silver ratio around 59:1, analysts suggest a reversion toward historical levels could materially reprice silver. The bank’s base-case scenario applies a 32:1 ratio, implying $135 silver, while a more extreme historical comparison to 1980’s 14:1 ratio produces a theoretical $309 target.

Beyond ratio dynamics, the Silver Institute reports that 2025 marked the fifth consecutive year of structural deficit in the silver market, with demand exceeding supply by roughly 95 million ounces. Cumulative shortfalls since 2021 have surpassed 820 million ounces. Mine supply has plateaued near 813 million ounces annually, and new production can take seven to 15 years to develop.

Within that environment, Magma Silver is preparing to initiate a two-phase, 4,000-metre drill program at Niñobamba in Q2 2026. The company secured a drill permit in October 2025 from Peru’s Ministerio de Energía y Minas authorizing drilling from 20 pads over a fourteen-month period. With historical data in hand and updated geological interpretation underway, the company is transitioning from validation work to drill execution at a time when silver fundamentals are drawing renewed institutional attention.

Voices of Authority

Bank of America metals strategist Michael Widmer framed the forecast as scenario-based rather than speculative, noting that silver “tends to lag gold early in a bull market, then explode higher in the later stages.” The report further stated that the $135 projection assumes “a natural bull market continuation without a squeeze or panic buying,” while the higher-end $309 case would require “a liquidity event, a delivery squeeze, or a surge in physical demand that overwhelms paper markets.”

The bank also underscored structural drivers, citing record photovoltaic installations, expanding electric vehicle production, 5G infrastructure growth, and rising physical investment demand. At the same time, it cautioned that recession risks, gold price stagnation, and operational mining setbacks remain variables that could temper the outlook.

These industry-level observations reinforce the importance of advanced-stage projects that are drill-ready and positioned within established mining jurisdictions.

Magma Silver Corp’s Highlights

Magma Silver began 2025 without a project and completed the acquisition of 100 percent control of Niñobamba in January of that year. The property spans an 8-kilometre mineralized corridor in a high-sulphidation epithermal system and has benefited from more than C$14.5 million in historical exploration by major operators including Newmont, AngloGold, Bear Creek, and Rio Silver.

Field programs in 2025 confirmed and, in some cases, exceeded historical results. Sampling from a previously undocumented 157-metre drift at the Joramina zone returned 10 metres of 2.32 grams gold per tonne and a five-metre composite of 4.085 ounces silver per tonne. Additional sampling returned 0.70 metres grading 17.41 grams gold per tonne and 13.94 ounces silver per tonne. At the undrilled Randypata zone, a random composite grab sample returned 0.20 grams gold per tonne and 8.55 ounces silver per tonne across a two-kilometre silver anomaly.

On the corporate side, the company completed financings totaling $6.5 million in 2025, ending the year with over $5 million in treasury. The $5 million October financing was oversubscribed and included participation by Eric Sprott.

Real-World Relevance

Silver occupies a dual role as both an industrial and precious metal. It is a core input in solar panels, electric vehicles, semiconductors, and next-generation communications infrastructure. When structural deficits persist and mine supply remains constrained, advanced exploration projects can become strategically important within the broader supply chain.

Niñobamba is described as a shallow-to-near-surface silver-gold project, and Magma has indicated that surface sampling, trenching, and mapping will accompany drilling in 2026. In practical terms, this means the company is working to convert historical geological understanding into updated, compliant resource definition through systematic drilling and technical analysis.

Looking Ahead with Magma Silver Corp.

Magma’s planned Q2 2026 drill program is designed to determine the orientation and extent of silver-gold mineralization intersected in historical drilling, including Newmont’s 2010 hole JOR-001, which returned 72.3 metres of 1.19 grams gold per tonne. Phase 2 drilling is intended to extend mineralization and test previously undrilled surface anomalies.

In an industry where supply growth is constrained and development timelines are measured in years, projects that are permitted, funded, and drill-ready carry distinct relevance. As broader silver market dynamics continue to evolve, Magma Silver is entering 2026 with a defined exploration plan and an asset positioned within a tightening global supply landscape.

Conclusion

The current silver cycle is being shaped by structural deficits, industrial expansion, and renewed focus on precious metals. Bank of America’s wide but historically grounded price scenarios reflect a market in transition. Within that context, Magma Silver’s advancement of the Niñobamba project from acquisition to permitted drilling represents a tangible step forward. As the company moves into its next phase of exploration, it does so against an industry backdrop that underscores the growing strategic importance of silver assets capable of moving from validation to execution.

Source:

https://www.thestreet.com/investing/bank-of-america-revamps-silver-stock-price-target-for-2026

https://agoracom.com/ir/Agoracomupdates/forums/discussion/topics/796135-DISCLAIMER-AND-DISCLOSURE/messages/2399000

Posted in Magma Silver Corp. | Comments Off on Structural Imbalance in Silver Strengthens the Case for Magma Silver

nGRND Launches Site Programmes that Monetise In-Ground Verified Gold Resources

Posted by Brittany McNabb at 10:58 AM on Monday, March 2nd, 2026

nGRND empowers opportunities for gold resources that may not be currently economically or environmentally viable

Tortola, British Virgin Islands: 2nd March 2026, nGRND Inc. (“nGRND” or the “Company”), a BVI based land management and sustainability company, is proud to announce the launch of its Site Programmes for gold producers, developers and exploration companies who have known Mineral Resources of gold on both greenfield and brownfield sites. The Site Programmes enable high-value monetisation initiatives for select properties including Canada, the USA, Australia, the EU, South Africa and South America that have verified in-ground gold.

nGRND purchases, through definitive agreements, a percentage of the verified gold resources from site owners and focuses its efforts on keeping the gold, in-situ, and remaining in-ground for those properties that may not be currently environmentally or economically viable to extract because of permitting, inaccessibility, quantity, geological characteristics, time, high capital needs, or retirement. The nGRND Site Programmes empower further monetisation and additional long-term site attribution from avoided mining and alternative sustainable land use opportunities forming a second stream of value and distributions for both the site owner and investors while keeping the title of the property with the site owner.

nGRND has begun working with properties to create new and innovative revenue, that is not royalties nor streaming or with a payback requirement, and that is non-dilutive to the capital structure, allowing site owners to capitalise their companies without additional public and / or private raises. In addition, the revenue generating components of the definitive agreements become a long-term asset on the balance sheet generating revenue from previously untapped natural wealth. These programmes provide working capital for further exploration of the properties and other sites to upgrade resources, company initiatives; normal course issuer bids, pay special dividends, empower value and deliver potential ROI to their investors.

As of the end of February 2026, less than 60 days into the Company’s programme, nGRND already has over 400,000 classified ounces of gold resources under initial agreements to be made available for tokenisation with the Issuer with Site Programmes in Canada and the USA, and with significant verified ounces of in-ground gold in the acquisition pipeline with additional opportunities forthcoming.

Under an independent agreement, separate and apart from the Site Programmes, nGRND provides the purchased classified in-ground gold to a jurisdictionally licensed Virtual Asset Services Provider (VASP) regulated by the Virtual Assets Regulatory Authority (VARA) in Dubai to tokenise and fully back all nGRND Gold Token, Real-World Asset commodity tokens. Beyond any value increase in gold itself, investors in the nGRND Gold Token, as well as site owners, are entitled to receive additional value and distributions from alternative land use Carbon and ESG Programme origination revenues through the nGRND Loyalty Rewards Programme, creating a dual yield opportunity for investors.

“nGRND’s innovative and world leading model and Site Programmes create long-term dual-yield commodity value for all stakeholders in the gold industry by empowering the monetisation and fully capitalised growth of natural and sustainable wealth initiatives,” said Professor Lisa Wilson, CEO of nGRND Inc. “Our programmes and the nGRND Gold Token investment opportunity democratise the ability to access gold, and benefit from the natural wealth and its stackable value for a far broader base of investors and generations on a global basis, simply, easily and with digitised trust and auditability.

nGRND team members will be at PDAC Toronto March 1 – 4, 2026, and available for site owners and investors. To arrange a meeting, please email: [email protected]

About nGRND Inc.

nGRND Inc. is a land management and sustainability company that supports verified gold discovery and enables its monetisation by keeping it in the ground for property owners and investors. Avoided mining addresses the critical need to transition to a low-carbon and more sustainable climate positive economy and additional long-term alternative land use empowers monetisation opportunities through origination of sustainability and other ESG programmes.

nGRND’s vision is to be the world’s biggest resource company that doesn’t mine.

nGRND empowers and responsibly connects investors to a world that appreciates the sustainable use of the Earth’s natural resources. It enables the secure digitisation of in-ground gold into a climate positive, fully backed Real World Asset commodity, transforming and creating a store of value of gold resources without environmental extraction.

nGRND advocates for investors looking for the sustainable use of the Earth’s natural resources by providing an avenue to verified in-ground gold that offers the stability of gold without the vast environmental damages associated with mining. nGRND also utilises carbon credit origination and other ESG socio-economic stackable value programmes, which provide a dual yield opportunity to access products leading to resource ownership that promotes ethical stewardship, transparency and inclusive participation in sustainable climate positive natural wealth.

Every RWA nGRND Gold Token equals one ounce of verified climate positive in-ground gold, initially priced at 10% of the spot price of gold at the Token Generation Event (TGE).

nGRND allows verified gold mineral resources to remain in-ground providing revenue for property owners that may be facing a currently uneconomical or environmentally difficult pathway to extraction, helping to mitigate risks such as geological uncertainty, cost of extraction, and regulatory and environmental exposure, while still supporting their further exploration and prospecting abilities.

Through its partners, nGRND also explores and implements alternative land use Carbon and ESG Programme feasibility origination engagement agreements and multiple methodology projects, which will pay net distributions to property owners and to nGRND Gold Token holders, through our Loyalty Rewards Programme.

nGRND is building an ecosystem of climate positive long-term value by changing habits and reducing the socioeconomic and environmental damage of gold mining. Every ounce of gold that remains in-ground saves almost 800kgs of emitted CO₂ into the atmosphere. This means by 2030, nGRND can achieve the elimination of at least 3 times the total CO₂ emitted for the entire global gold supply chain from avoided mining.

nGRND empowers the sustainable ownership of natural wealth.

The future of sustainable investment starts with us.

For more information, please visit nGRND.com, or contact us at [email protected]

Media contact:

Robert Penington

[email protected]

Disclaimer:

This press release is for informational purposes only and does not constitute investment advice, financial guidance, or a solicitation to buy or sell any securities, commodities or digital assets. The statements, views, and opinions expressed in this release are solely those of the issuing company or its authorized representatives. The publisher, distributor, and any associated third parties make no representations or guarantees of profit, and explicitly disclaim any liability for losses or damages incurred as a result of using or relying on the information presented.

Digital asset investments carry a high level of risk, including the potential loss of all capital. There are no guarantees of performance, and markets may become illiquid or go to zero. Readers are strongly encouraged to conduct their own independent research and consult with licensed financial professionals before making any investment decisions.

By accessing and reading this press release, you agree not to reproduce, distribute, or use this content for any unlawful or unauthorized purposes. Use of this content signifies your acceptance of these terms.

For any questions or clarifications, please contact the issuing company directly. Do not contact the publisher, distributor, or any unrelated third party.

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Billions of ounces of known gold Mineral Resources are sitting in the ground. nGRND Inc. has figured out how to monetise the gold without mining!

Posted by Brittany McNabb at 10:37 AM on Monday, March 2nd, 2026

What if the world’s vast in-ground konwn gold Mineral Resources could generate value without ever being extracted? For centuries, that question had no answer. Now it does.

nGRND Inc. has developed an entirely new resource ownership model where they purchase the verified in-situ gold and keep it permanently in the ground. The verified gold is provided to a licensed issuer who generates, issues and sells regulated digital Tokens backed by real ounces as a Real World Asset commodity. The Q2 2026 launch will reshape how institutional investors can access these assets but also provider a broader base of investor accessibility.

Context: The stranded asset challenge

Approximately 6 billion ounces of known gold mineral resources exist globally, with a significant portion held by Canadian junior developers and exploration companies. These aren’t speculative deposits; they’re verified resources classified by geological surveys.

The challenge? Most haven’t been taken to the next step of resource evaluation to be considered more probable of geological, environmental or economic viability to extract under current conditions. Capital constraints, rising extraction costs, environmental permitting challenges, and ESG pressure have effectively stranded these assets.

For junior mining companies, this creates an extremely difficult situation: valuable resources on the books with no viable path to production. For the broader market, it represents trillions of dollars in gold that traditional mining economics cannot unlock.

Inside the Breakthrough

nGRND’s business model is deceptively straightforward: purchase these stranded resources through definitive arrangements with land management rights for a minimum 30-year terms – where they can further monetise the alternative land use. Keep the gold in the ground. Have the gold tokenised as a regulated real world digital asset that represents one ounce of verified gold per token.

The nGRND Gold Token will be generated, issued and sold by a licensed Virtual Asset Service Provider (VASP) regulated under Dubai’s Virtual Assets Regulatory Authority (VARA) providing institutional-grade legitimacy for a fundamentally new asset class. This is NOT a cryptocurrency hoping for adoption; it’s a fully regulated real-world asset with tangible verified backing.

CEO Professor Lisa Wilson brings deep mining industry credibility to the model. Having worked with major producers throughout her career, Lisa recognised that extraction isn’t necessary to overcome the challenges of mine development and for value creation when you can tokenise verified resources and eliminate socioeconomic and environmental destruction.

“We go out to that global market, and we acquire rights to sites and purchase the known, verified mineral resources of in-situ, in-ground gold,” Professor Wilson explained. “Our role is to obtain those assets from those mining companies and take over those sites for alternative land use for a minimum of 30 years.”

The company also independently sponsors the alternative land use development for Carbon and ESG Programmes that originate projects through independent partners like CarbonPlanet and Foresteam. By preventing socioeconomic and environmental destruction from avoided mining, nGRND creates opportunities for a second revenue stream and a dual yield for the Token from monetised sustainable alternative land uses.

What This Means for Investors: Massive Addressable Market

Access to billions of ounces of known gold resources that are currently stranded and illiquid, representing a market opportunity traditional mining cannot efficiently monetise.

ESG Compliance Without Compromise

Full gold exposure with a climate and socioeconomic positive impact, no extraction costs, no permitting delays, no ongoing environmental management bonds, and no operational risks associated with traditional mining.

Dual Yield Streams

The nGRND Gold Token is fully backed by the spot gold price appreciation (currently above USD$5,000 per ounce with Wall Street forecasting prices toward $6,100 by 2030, plus the additional distributions from co-benefits of exponential growth in carnon assets from nGRND’s avoided mining and other alternative land use sustainability programmes

Regulatory Framework Established

Full compliance through Dubai’s Virtual Assets Regulatory Authority provides institutional-grade legitimacy for tokenised hard assets.

First Mover Advantage

Creating a new dual yield Real World Asset commodity class ahead of competitors maximising the significant partnerships and entities the team bring to the table from a mining, technology, financial, sustainability and regulatory point of view. The ecosystem is built and engaged.

Partnership Potential with Tier 1 Producers

Major mining companies hold land with marginal resources that may be retired or on brownfield sites that are also currently not environmentally or economically viable to take to extraction. This establishes further strategic collaboration opportunities.

The Competitive Edge

Legacy gold ownership requires either physical possession with storage, transport and security costs and risks, or mining company equity exposure with operational and extraction risks. nGRND eliminates both while maintaining direct gold price correlation with a dual yield from natural wealth.

What traditional miners cannot easily replicate is the economic model itself. For junior developers with stranded resources, nGRND offers monetisation without the decade-long, capital-intensive journey from exploration to production.

For Tier 1 producers holding marginal resources, the value proposition includes eliminating environmental liabilities and operational headaches while maintaining shareholder value through tokenised ownership rather than physical extraction.

The company’s approach keeps all token issuance and carbon and ESG origination at arm’s length through independent regulated bodies. This structure prevents conflicts of interest while ensuring credibility with institutional capital.

Professor Wilson emphasised the collaborative rather than competitive dynamic: “If I’m a Tier 1, it makes absolute sense to go, well actually, we could do the same thing as junior developers. We would lose our headaches. We wouldn’t have to worry about environmental protection of the land. Instead of just monetising the gold that’s in the ground, we can do other stuff like further exploration.”

Broader Market Implications

Three powerful trends converge to create optimal timing for nGRND’s model:

Gold at Historic Highs

With prices above $5,000 per ounce and bullish forecasts extending toward $6,100 or higher by 2030, investor demand for gold exposure has never been stronger. Central banks have been acquiring gold at 50% greater rates than ever before

Blockchain Infrastructure Maturing

Tokenised Real-World Assets have moved from innovation to institutional-grade, with regulatory frameworks like Dubai’s VARA providing legitimate oversight expected by institutional and other investors.

ESG Mandates Intensifying

Institutional investors face mounting pressure for sustainable investments. Retail and professional investors expect sustainable alignment not only because it’s good for the planet – but because it returns high growth. Traditional gold mining’s socioeconomic impact and environmental footprint increasingly troubles ESG-focused capital allocators and mining regulators.

Traditional gold ETFs, Gold Tokens and digitally transacted physical gold holdings already demonstrate investor appetite for non-operational gold exposure. nGRND extends this concept while solving the environmental problem that makes traditional mining increasingly untenable.

The junior mining sector holds vast resources that may currently not reach production due to capital constraints, rising extraction costs, and environmental permitting challenges. nGRND offers these companies an exit strategy that monetises assets at a significantly higher return than currently being offered – without requiring production.

Expert Perspective

“If it’s classified as a mineral resource, it hasn’t been evaluated to be currently environmentally or economically viable to get it out of the ground. That vast majority of gold sits with junior developers and is, in essence, really a stranded asset.” Professor Lisa Wilson, CEO of nGRND Inc.

“Institutional investors are already playing in this digital space, they’re already putting money into ETFs, and they’re purchasing physical gold tokens such as HSBC Gold Token. To me, it makes no logical sense to say, why wouldn’t I invest in in-ground gold?” Professor Lisa Wilson, CEO of nGRND Inc.

“If we’ve got 50% more gold sitting in vaults that we’re either wearing or storing—we’re not using it, we’re just using it as a store of value to back assets—why do we need to keep digging it up?” Professor Lisa Wilson, CEO of nGRND Inc.

The Path Forward

Professor Wilson projects the company could achieve unicorn status with a USD$1 billion valuation within nine months of the Q2 2026 nGRND Gold Token launch. With gold’s finite supply and growing institutional demand for sustainable hard assets, the scale potential extends beyond junior resources to partnerships with major producers seeking to monetise marginal assets.

The regulatory approval environment and issuer is secured. Several site properties are secured with a further significant pipeline of gold under discussion. The ESG and Carbon Programmes are structured through independent verification. The market opportunity is quantified at 6 billion ounces of stranded resources.

What remains is the Token Generation Event execution and to excite investor appetite for a category-defining commodity proposition that challenges a centuries-old assumption about gold ownership.

nGRND Inc. isn’t improving mining. It’s making mining unnecessary for value creation of stranded assets. The company has identified a fundamental inefficiency in global resource markets and built infrastructure to unlock it.

For investors seeking exposure to gold’s price appreciation while demanding ESG compliance, nGRND offers a solution that didn’t exist six months ago. The Q2 2026 launch will test whether the market agrees that extraction isn’t required for value creation for verified in-ground resources and that a new model can command premium valuations with a dual yield from natural wealth.

Disclosure
nGRND Inc. is a client of AGORACOM Internet Relations Corp.

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High-Grade Drill Results Advance Tartisan Nickel’s Kenbridge Project in Ontario

Posted by Brittany McNabb at 3:35 PM on Thursday, February 26th, 2026

Analyst Update Highlights Resource Growth Strategy, Strong Grades, and Renewed Sector Momentum

A recent independent analyst update has provided a refreshed look at Tartisan Nickel Corp., outlining the company’s progress at its flagship Kenbridge Nickel-Copper Project in northwestern Ontario alongside broader developments across its expanding Ontario land portfolio. The report focuses on technical milestones, exploration momentum, and evolving market dynamics shaping the critical minerals sector.

Improving Nickel Sentiment Provides Industry Backdrop

After a prolonged period of price weakness, nickel has shown signs of recovery, with analysts pointing to tightening supply expectations and growing demand linked to electrification, energy storage, and advanced technologies. The renewed attention toward nickel sulphide projects in mining-friendly jurisdictions has brought greater visibility to companies advancing defined assets.

Within this environment, Tartisan’s strategy has centered on disciplined drilling, resource growth, and continued technical advancement at Kenbridge — a brownfield underground nickel-copper-cobalt project with existing infrastructure and historical development work.

Kenbridge Project: High-Grade Intersections Reinforce Exploration Focus

The analyst report highlights recent drilling activity designed to expand and refine the Kenbridge deposit. The ongoing program targets extensions along strike and at depth, with a goal of increasing geological confidence while evaluating potential mine-life expansion.

Recent drill results have returned notable nickel and copper grades, including high-grade intervals that support the company’s geological model. Analysts noted that these grades are above typical global averages for nickel deposits, reinforcing the importance of continued drilling to test the system further below the existing underground workings.

The Kenbridge deposit is described as a medium-scale underground resource with significant historic drilling and development. Current work aims to strengthen the data foundation that could inform future technical studies, including potential updates to engineering or economic evaluations.

PEA Provides Framework for Future Development Pathway

The project’s Preliminary Economic Assessment (PEA) outlines an underground mining scenario and provides a conceptual framework for future advancement. While technical studies continue to evolve, the PEA is viewed as a baseline reference for assessing how additional drilling and engineering work may influence long-term project planning.

The analyst update notes that ongoing exploration could play a key role in refining resource confidence and potentially extending the deposit’s scale over time.

District Positioning and Infrastructure Advantages

Kenbridge’s location within a broader nickel district in Ontario was highlighted as a strategic advantage. Existing underground infrastructure — including a shaft and developed levels — may provide operational efficiencies compared to greenfield developments, while all-season road access supports ongoing exploration.

The report also points to potential regional synergies as nearby projects advance, reflecting growing interest in secure North American sources of critical minerals.

Defined NI 43-101 Resource at Kenbridge

A key foundation of Tartisan Nickel’s advancement strategy is the existing NI 43-101 compliant mineral resource at the Kenbridge Nickel-Copper Project.

The most recent underground resource estimate outlines:

Measured & Indicated: 3.445 million tonnes grading approximately 0.97% nickel and 0.52% copper
Containing approximately 74 million pounds of nickel and 39 million pounds of copper
Inferred: 1.014 million tonnes grading approximately 1.47% nickel and 0.67% copper

In total, the underground resource contains approximately 107 million pounds of nickel and 54 million pounds of copper, inclusive of inferred material.

In addition, a previously outlined open pit resource contributes further contained metal, bringing the broader resource inventory to approximately:

146 million pounds of nickel
78 million pounds of copper

The deposit is described as a high-grade nickel sulphide system with mineralization extending roughly 250 metres in strike length, 60 metres in width, and to depths approaching 900 metres. Existing underground infrastructure includes a shaft developed to approximately 622 metres (2,042 feet), with established level stations, supporting ongoing exploration access.

Current drilling is focused on testing extensions along strike and at depth, with the objective of increasing geological confidence and potentially expanding the overall resource base through future updates.

Portfolio Growth Expands Ontario Footprint

Beyond Kenbridge, Tartisan has continued to expand its presence across Ontario through additional claims and exploration initiatives.

Recent additions include:

Apex Claims Expansion

Newly acquired ground contiguous with the Kenbridge land package
Hosts historical mineralization that the company plans to evaluate through modern exploration methods

Turtle Pond Claim Expansion

Increased land position near Dryden, Ontario
Planned surface sampling and potential follow-up drilling programs

These developments broaden the company’s exposure to nickel-copper exploration opportunities within established mining districts.

Sill Lake Silver Project Adds Precious Metals Exposure

The analyst update also references renewed attention toward the Sill Lake Silver Project near Sault Ste. Marie, Ontario. A historic silver-lead producer, the property hosts a previously reported NI 43-101 mineral resource estimate on its main vein.

Management’s current approach focuses on data compilation, technical review, and identification of potential drill targets. The company has emphasized that historic estimates outside the main vein remain unverified and are being assessed through modern evaluation methods.

Exploration Milestones and Next Steps

Looking ahead, the report identifies several areas of continued focus:

Additional drill results from the current Kenbridge program
Ongoing geological interpretation and potential resource refinement
Further evaluation of expanded Ontario claims
Continued technical work supporting long-term development planning

The analyst commentary frames Tartisan’s approach as methodical and infrastructure-focused, emphasizing incremental advancement through exploration and technical studies rather than near-term production timelines.

Positioned Within a Growing Critical Minerals Narrative

As demand for battery metals and electrification materials continues to evolve, companies advancing defined assets in stable jurisdictions are drawing increasing attention. The analyst update suggests that Tartisan’s combination of historic infrastructure, ongoing drilling success, and regional expansion provides a foundation for continued project advancement.

With active exploration at Kenbridge and renewed focus across its broader Ontario portfolio, the company’s progress reflects a strategy centered on resource growth, technical validation, and disciplined development planning.

Full Analyst Report:

https://drive.google.com/file/d/1VOkmiFaPxrgul2eFzx9NZQMO8Fq45GAu/view?usp=sharing

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Tags: copper, nickel, penny stocks, small cap stocks, small caps
Posted in Tartisan Nickel | Comments Off on High-Grade Drill Results Advance Tartisan Nickel’s Kenbridge Project in Ontario

Magma Silver Moves Niñobamba from Acquisition to Drill-Ready Execution in Peru

Posted by Brittany McNabb at 2:20 PM on Thursday, February 26th, 2026

Magma Silver Corp. has moved quickly from building a project portfolio to advancing a clear exploration plan at its Niñobamba silver-gold project in Peru. In a sector where timelines are often defined by permitting, community engagement, and technical readiness, the Company’s recent progress has centered on turning historical work into actionable next steps—positioning Niñobamba for a drilling-led year ahead.

Company Overview and Positioning

Magma Silver is a natural resources exploration company focused on acquiring, exploring, developing, and operating precious metal mining projects. Its primary asset is the advanced Niñobamba silver-gold project in Peru, a mining-friendly jurisdiction and one of the world’s leading silver-producing countries. Niñobamba spans an 8-kilometre mineralized corridor in a prolific geological belt associated with a high-sulphidation epithermal system, and it has benefited from extensive historical exploration by major operators including Newmont, AngloGold Ashanti, Bear Creek, and Rio Silver.

By early 2025, Magma secured 100% control of Niñobamba and established operational footing in Peru, supported by a regional technical team with deep in-country experience. The Company has emphasized modern geological modelling and structured exploration planning to build on the project’s existing data foundation.

Key Highlights and Milestones

A central milestone arrived in October 2025, when Peru’s Ministerio de Energía y Minas granted a drill permit for the Joramina zone. The permit, issued October 17, 2025, has a fourteen-month duration and authorizes drilling from 20 drill pads, with the ability to conduct multiple directional drill holes from each pad. Magma has stated it believes the permit framework is sufficient to complete its planned drilling at Joramina.

That permit builds on field work completed in 2025 aimed at validating historical results and sharpening drill targeting. In a Phase 2 Q3 field campaign focused on the Joramina and Randypata properties, Magma’s team documented and sampled old mine workings, including a 157-metre drift located on the main Joramina zone that had not been documented in prior operator programs. Composite chip sampling from the drift returned two consecutive samples totalling 10 metres of 2.32 grams gold per tonne, while the best silver result reported was a 5-metre composite returning 4.085 ounces of silver per tonne. Additional sampling approximately 100 metres northeast of the drift returned 0.70 metres of 17.41 grams gold per tonne and 13.94 ounces of silver per tonne. At Randypata, sampling over a historic 2-kilometre silver anomaly—an area described as untested by drilling—returned 0.20 grams gold per tonne and 8.55 ounces of silver per tonne from a random composite grab sample.

Alongside technical progress, Magma has also outlined how it intends to fund the next stage of work. The Company completed a $5 million non-brokered private placement in October 2025, and stated it intended to use proceeds for exploration at Niñobamba as well as working capital and general corporate purposes. The financing included participation by Eric Sprott through a company beneficially owned by him, with the related disclosure describing his resulting holdings.

Strategic Direction and What Sets It Apart

Magma’s strategy at Niñobamba has focused on leveraging the scale of historical work while applying new geological interpretation to improve the next drill program. The Company has stated it holds Newmont’s work program results, including drill logs, assay reports, and collar locations, and that its technical team’s review of historical drilling suggests previous holes were not oriented in the most optimal direction. Magma has also indicated it plans to modify its current permit to reflect new drill sites, noting that adding or modifying pads is permitted by Peru’s mining ministry when pads are located within the existing permitted area.

The Company has also highlighted the operational advantage of identifying underground access. Magma has stated it may be able to drill from inside the Joramina drift, which would require a modification to the drill permit.

Forward-Looking Context

Looking ahead, Magma has provided a detailed outline of a planned drill program targeted for Q2 2026. The program is described as two phases totalling 4,000 metres. Phase 1 is planned as 2,000 metres from Pad A, designed to determine the orientation and size of the gold zone intersected by historical Newmont drilling. For reference, Magma cited Newmont’s 2010 hole JOR-001, which returned 72.3 metres of 1.19 grams gold per tonne starting at a depth of 53 metres, while noting that true widths cannot be determined from a single hole and that additional drilling is required to establish lateral and vertical extent.

Phase 2 is described as contingent on Phase 1 results and intended to extend gold-silver mineralization, test undrilled surface anomalies outlined by Newmont and confirmed by Magma’s geologist, and test mineralization exposed in a 160-metre adit recently sampled by the company. Magma has also stated it allocated US$1,000,000 (CAD$1,400,000) for the Joramina exploration and drill program, describing this as a significant increase from the original plan and part of an effort to thoroughly test and confirm historical results. The Company has said it will issue a future news release outlining the full Joramina drill program, including drill locations, and timing when available.

Closing

Magma Silver’s recent updates show a Company focused on execution: securing permits, validating legacy data with fresh fieldwork, and converting that technical foundation into a defined drill plan. With an advanced silver-gold project in Peru supported by extensive historical exploration, and a Q2 2026 drill program structured in phases to refine orientation and scale, Magma is moving Niñobamba toward the kind of disciplined, drill-driven opportunity that can clarify a project’s next chapter.

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Tags: gold, silver, small cap, small cap stock, small cap stocks, small caps
Posted in Magma Silver Corp. | Comments Off on Magma Silver Moves Niñobamba from Acquisition to Drill-Ready Execution in Peru

A Program Designed To Test Size And Depth Potential

A Broader Mineralized Zone Emerging At Depth

Existing Underground Infrastructure Sets Kenbridge Apart

Phase 2 Already Taking Shape

Why This Matters

A COMPANY MOVING STRAIGHT TO FULL BUILD-OUT

STRONGER CAPITAL POSITION, BIGGER EXECUTION PLAN

TAILINGS FIRST, EXPLORATION NEXT

OUTLOOK: PRODUCTION PATH PLUS DISTRICT-SCALE UPSIDE

WHAT YOU NEED TO KNOW

STRATEGIC IMPLICATIONS

INVESTOR TAKEAWAY

Context: The stranded asset challenge

Inside the Breakthrough

What This Means for Investors: Massive Addressable Market

The Competitive Edge

Broader Market Implications

Expert Perspective

The Path Forward

Analyst Update Highlights Resource Growth Strategy, Strong Grades, and Renewed Sector Momentum

Improving Nickel Sentiment Provides Industry Backdrop

Kenbridge Project: High-Grade Intersections Reinforce Exploration Focus

PEA Provides Framework for Future Development Pathway

District Positioning and Infrastructure Advantages

Defined NI 43-101 Resource at Kenbridge

Portfolio Growth Expands Ontario Footprint

Sill Lake Silver Project Adds Precious Metals Exposure

Positioned Within a Growing Critical Minerals Narrative

Full Analyst Report:

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