Northwire Canada EditionTuesday, September 22, 2026
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GOLD 4383.90 −0.9% SILVER 66.53 −0.9% COPPER 6.79 +1.5% OIL 92.37 −3.9% PALLADIUM 1319.50 +0.0% MSC 0.020 +0.0% BRON 0.050 +0.0% ELD 59.44 −1.4% GBML 0.220 +0.0% SUM 1.59 +0.0% ABC 0.015 +0.0% ELE 30.45 +2.2% CDE 27.46 −0.7% LIB 0.990 +1.0% SLVR 1.17 +0.0% NVO 0.075 −6.2% BRO 0.235 +2.2% FMAN 0.415 +0.0% HVG 0.050 +0.0% MSV 0.540 +16.1% SCD 0.185 −2.6% GOLD 4383.90 −0.9% SILVER 66.53 −0.9% COPPER 6.79 +1.5% OIL 92.37 −3.9% PALLADIUM 1319.50 +0.0% MSC 0.020 +0.0% BRON 0.050 +0.0% ELD 59.44 −1.4% GBML 0.220 +0.0% SUM 1.59 +0.0% ABC 0.015 +0.0% ELE 30.45 +2.2% CDE 27.46 −0.7% LIB 0.990 +1.0% SLVR 1.17 +0.0% NVO 0.075 −6.2% BRO 0.235 +2.2% FMAN 0.415 +0.0% HVG 0.050 +0.0% MSV 0.540 +16.1% SCD 0.185 −2.6%
Drill Results

Metal Energy Updates on Highland Valley Exploration Program

By The Northwire Desk — AI Analysis Oct 08, 2025 · 06:01 MERG · 0.03 Metal Energy Corp.
MERG · Price

Executive Summary

  • Metal Energy announced plans for detailed drone aeromagnetic and ground AMT geophysical surveys to refine drill targets across the Highland Valley Project.
  • The company entered an Amending Agreement with Happy Creek Minerals, extending all milestone payments by nine months and issuing up to 1 000 000 common shares plus $25 000 cash as additional consideration.
  • Updated milestone schedule outlines four tranches of share issuances valued between $1 M and $2.5 M each, pending TSXV approval.

Key Details

  • Geophysical Exploration – Eastern Highland Valley
  • Drone aeromagnetic surveys will infill areas from the 2012 & 2021 airborne programs, focusing on the “Mystery” target acquired in 2022.

  • Ongoing digitization, inversion and compilation of historical IP survey data to rank exploration targets.

  • Geophysical Exploration – Western Highland Valley

  • Planned reconnaissance ground AMT transects to delineate structures analogous to those identified in the eastern part of the project (see Feb 26 2025 release).

  • Target Highlights

  • Billy Lake: Large AMT resistive zone coincident with strong Cu‑in‑soil anomaly.
  • Zone 2: Conductive zone adjacent to AMT resistor, open SW & N within a fault wedge.
  • Zone 1: North‑south trending resistive zone with fault offsets; potential parallel mineralized zones.

  • Mystery, Chataway, LeRoy Lake, Sho: Various geophysical signatures suggesting copper mineralization; limited historic drilling.

  • Amending Agreement (dated Aug 27 2025)

  • Extends all Highland Valley acquisition milestone payments by nine months.

  • Metal Energy to issue 1 000 000 common shares at market price to Happy Creek and pay $25 000 cash within five days of the next financing.

  • Updated Milestone Tranche Schedule

  • Tranche One (by Aug 6 2026): Shares valued at $1 M.
  • Tranche Two (by Aug 6 2027): Shares valued at $1 M.
  • Tranche Three (by Aug 6 2028): Shares valued at $1.5 M.

  • Tranche Four (by Aug 6 2029): Shares valued at $2.5 M.

  • Regulatory & Permitting

  • Ongoing consultation for drill permits; potential timeline impacts from B.C. General Employees' Union strike.

  • Qualified Person Statement

  • Technical information reviewed and approved by Roy Greig, Ph.D., P.Geo., QP (NI 43‑101).

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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Drill Results