Hercules Metals Corp.

Hercules Metals Corp. is pleased to announce that it has entered into an agreement with BMO Capital Markets and SCP Resource Finance as joint bookrunners , under which the Underwriters have agreed to buy on a bought deal basis by way of private placement ), 27,861,000 common shares of the Company , at a price of C$0.59 per Common Share for gross proceeds of approximately C$16.4 million . The Company has granted the [...]

New Survey Shows IP Chargeability Coincident with MT Conductivity Anomalies at Pegasus and Hook Targets, with Inaugural Drilling Commencing in the Coming Weeks New Pegasus and Hook targets, situated along strike from the Company's Leviathan porphyry copper discovery, are now drill-ready, following results of a ~17-line-kilometer IP survey. Rapidly completed multi-phase MT and IP surveys reveal the targets are both [...]

Longest Interval to Date, Now Being Extended Further Downhole, Beginning at a True Depth of 150 m Below Surface Assays to 842.65 m depth for drill hole HER-25-18 have been received, returning the longest interval to date at Hercules: 670.44 m of 0.45% Cu, 4.0 g/t Ag, 95 ppm Mo including 212.81 m of 0.67% Cu, 10.2 g/t Ag, 128 ppm Mo Represents a 200 m step-out southwest of recently reported drill hole HER-25-15, which [...]

Long-Term Exploration Rights with Purchase Optionality - An eight-year lease provides full exploration rights, including drilling, with a clear pathway to acquire a 100% interest. Strategic Land Consolidation - If exercised, adds approximately 1,473 acres of private land, including both surface and mineral rights, contiguous with the Company's Pegasus Target. Expands Existing Surface Rights Coverage at Leviathan - The [...]

Phase I Drill Plan - An initial 12,500 m first phase of drilling has commenced at the Hercules Property, testing five new target areas shown in Figure 2, all of which lie along trend from the Leviathan copper system. Upon completion of this phase and evaluation of results, the Company anticipates expanding to a total of 20,000 to 30,000 m. Second Drill Rig Mobilized Ahead of Schedule - A second drill rig has been [...]

New Protocols Implemented to Accelerate Turnaround of Drill Results 2026 Drilling Campaign Underway - Drilling has commenced at the Hercules Property for the 2026 exploration season. The program is designed for 20,000 to 30,000 m of drilling, focused entirely on expanding the Leviathan copper system along strike, representing roughly double the meters drilled to date and targeting larger, stronger MT geophysical anomalies [...]

IP Survey Underway to Further Evaluate New MT Targets for Porphyry-Style Mineralization Hercules Metals Corp. is pleased to announce the signing of a letter of engagement with Equity Exploration Consultants Ltd. to manage drilling operations at the companies' Hercules Property in western Idaho . Equity is a senior geological consulting firm, based in Vancouver, BC, with nearly forty years experience managing large [...]

Northern Cluster of Drill Holes Ending in Increasing Grades at Depth, Linked to New MT Anomaly and Northeast Expansion Target Thick and Continuous Footwall Mineralization Intersected in HER-25-15, returning: 420.62 m of 0.60% Cu, 6.0 g/t Ag, 65 ppm Mo including 112.78 m grading 1.38% Cu, 14 g/t Ag, 40 ppm Mo Strong Hypogene Enrichment Intersected in HER-25-17, returning: 46.03 m of 2.17% Cu, 16.0 g/t Ag, 44 ppm Mo [...]

Leviathan Continues to Expand, while a New Epithermal Silver Discovery Unfolds in the Southern Flats Zone A new epithermal silver-lead-zinc center has been identified in the Southern Flats Zone, supported by multiple drill holes spaced more than 1 km apart, indicating potential for the largest epithermal silver system on the Hercules Property. The first 2025 hole into Southern Flats, HER-25-06, intersected: 10.7 m of [...]

Hercules Metals Corp. is pleased to announce the appointment of Mr. Matthieu Bos as an independent director of the Company and Chairman of the Board, effective immediately. Mr. Bos succeeds Peter Simeon, who will continue to serve as a director of the Company. Matthieu Bos is a mining executive and capital markets professional with more than 15 years of experience spanning investment banking, project development, and [...]