Abitibi Metals Corp. is pleased to announce that it has closed its non-brokered strategic private placement for aggregate gross proceeds of C$30,752,228. Discovery Silver Corp. subscribed for 23,704,790 common shares which represents approximately 9.9% of the issued and outstanding common shares of the Company on a non-diluted basis following closing of the Offering. In connection with closing of the Offering, Abitibi [...]
Discovery Silver Expected to Take a 9.9% Strategic Stake as Abitibi Strengthens Its Balance Sheet to Advance B26 Abitibi Metals Corp. , a Québec-focused mineral exploration company advancing the B26 polymetallic deposit, has announced a non-brokered financing of up to C$30.75 million that is expected to bring in Discovery Silver Corp. as a new strategic shareholder. If the offering closes as planned, Discovery is expected [...]
Abitibi Metals Corp. is pleased to announce a non-brokered strategic private placement for aggregate gross proceeds of up to C$30,752,228. Discovery Silver Corp. is expected to acquire approximately 9.9% of the issued and outstanding common shares of the Company on a non-diluted basis upon closing of the Offering. In connection with closing of the Offering, Abitibi Metals and Discovery will enter into a participation [...]
Highlights: Significant intercept confirms growth of the high-grade western down-plunge zone: Hole 1274-25-373W4 intersected 1.81% CuEq over 15 m starting at 1,346 m depth, including a higher-grade interval of 2.71% CuEq over 7m, with a peak of 4.52% CuEq over 2m. Confirms robust continuity within an expanding high-grade mineralized system along the Western Plunge. Prospective Exploration Results: Holes 1274-25-376 and [...]
Abitibi Metals is pleased to announce that it has filed a National Instrument 43-101 Technical Report dated effective Jan 1, 2026 entitled "NI 43-101 Technical Report on the Updated Mineral Resource Estimate for the B26 Project", by Yann Camus, P. Eng. of SGS Canada on SEDAR+. The Technical Report is with respect to the Updated Resource Estimation on its B26 Polymetallic Deposit. The Technical Report has been prepared in [...]
Early exercise of the B26 option secures 80% ownership, positioning Abitibi Metals as majority owner and operator of the high-grade copper-gold polymetallic project Mineral Resource Estimate has grown 124% in less than three years, highlighting the expanding scale and growth potential of the B26 system Fully funded 40,000-metre drill program underway in 2026, the largest in the Company's history, targeting resource [...]
Abitibi Metals has taken a major step forward in establishing itself as a serious emerging copper-gold developer in Québec's Abitibi Greenstone Belt. The updated estimate shows a 124% increase in total mineral resources since Abitibi optioned the project in 2023, reflecting the results of successive drilling campaigns completed over the past two years. The update expands the Indicated resource to 13.0 million tonnes [...]
The Deposit Remains Open Laterally and at Depth, with a Fully Funded 40,000-Metre Drill Program Currently Underway Resource Expansion Highlights: Indicated Resources Expand to a meaningful 13 Mt : Indicated resources grade at 1.2% copper , 1.2% zinc , 0.44 g/t gold and 30.8 g/t silver or 2.1% copper equivalent or 2.8 g/t gold equivalent Indicated resources contain 340 million pounds Cu, 332 Mlbs Zn, 184 thousand ounces Au [...]
Abitibi Metals Corp. just reported a new high-grade copper-gold intercept from its Phase 3 drilling campaign at the B26 Polymetallic Deposit in Québec, delivering another strong result that continues to build momentum in the Western Down-Plunge High-Grade Zone. The standout intercept came from hole 1274-17-269W6, which returned 12.83% copper equivalent over 5 metres, within a broader interval of 3.59% CuEq over 19 metres [...]
Highlights: Significant intercept further improving the High-Grade Zone of the Western Down Plunge: Hole 1274-17-269W6 returned 12.83% CuEq over 5 m, within 3.59% CuEq over 19 m, starting at 913 m depth. Confirms world-class grade continuity across this high-grade zone within the Western Plunge. Strong gold credit significantly enhances the block model. Using spot CuEq⁴ pricing, the intercept equates to 18.15% CuEq over 5 m, within 5.07% CuEq over 19 m. Located ~125 m east and up-dip of Hole 1274-17-269W5 , further upgrading the model in this area. Western Plunge Expansion at depth Hole 1274-25-374W1 and W2 intersected the B26 Copper-Gold horizon, extending resource-grade mineralization by an additional 250 m down plunge at depth. Hole 1274-25-374W1 returned 2.04% CuEq over 2.0 m and... [...]
Highlights: Former Chief Operating Officer of Foran Mining Corp. , where he led the advancement of the McIlvenna Bay polymetallic deposit from PFS through to Project Construction Over 30 years of mine development and operational leadership across Canada Proven expertise in mine design, permitting, construction, and production across polymetallic and precious metals operations Extensive experience integrating Indigenous [...]
Abitibi Metals Corp. is pleased to announce the commencement of its Phase 4 drill program at the B26 Polymetallic Deposit, located in Québec's Abitibi Greenstone Belt. Phase 4 represents the largest and most comprehensive drill program in the Company's history, with up to 40,000 metres of drilling planned over the course of 2026, following the successful completion of the Phase 3 program with assays still pending. The [...]