Inventus receives $1.46M prepayment for Pardo sample

Executive Summary

• Inventus Mining Corp. received a $1,466,249 pre‑payment from McEwen Inc. for a portion of the estimated recoverable gold in its 007 North bulk sample at the Pardo Gold Project.
• The Trench 1 bulk sample (≈10,000 t) is now ~90 % extracted, with 3,812 t (38 %) already hauled to McEwen’s stock‑mill for processing; results are expected in November.
• Ongoing grade‑control drilling and Phase 2 resource drilling aim to extend mineralization and support a maiden resource estimate.

Key Details

• Pre‑payment amount: $1,466,249 received from McEwen Inc. as an upfront sale of a portion of the estimated gold recoverable from the 4,816‑t 007 North bulk sample.
• Bulk sample composition: Trench 1 contains ~10,000 t identified by grade‑control drilling across 30 holes, returning a weighted average of 4.10 g/t Au over 1.78 m within the top 6 m of surface material (see prior release dated July 7, 2025).
• Extraction status: Trench 1 bulk sample is ~90 % extracted; 3,812 t (38 %) have been transported to McEwen’s stock‑mill for processing.
• Processing timeline: Material is anticipated to be processed shortly; analytical results are expected in November 2025.
• Future drilling plans: Additional grade‑control drilling at Trench 1 North and South sites, plus four Phase 2 resource drill holes, with further Phase 2 drilling planned to extend mineralization and move toward a maiden resource estimate.
• Strategic significance: The pre‑payment validates the gold content of the bulk sample, de‑risks the project, and supports the company’s goal of developing a scalable near‑surface mining operation in the Sudbury district.

Notable Quotes

“Receiving this $1.47‑million prepayment from McEwen provides clear validation of the gold content in our 007 North bulk sample… Inventus is making steady progress that continues to de‑risk the project while showcasing the potential for a scalable, near‑surface mining operation in one of Ontario’s premier mining districts.” – Wesley Whymark, President & Head of Exploration, Inventus Mining Corp.