Inomin Extends Beaver-Lynx Discovery Footprint with Further Long Mineralized Intervals

Inomin Mines Inc. (MINE) released assay results on October 26, 2026, from two additional drill holes at the Onuki zone within the Lynx block of the Beaver-Lynx project in British Columbia. The company stated that the Onuki discovery footprint has been extended to approximately 900 metres, expanding on the area covered in an announcement made on October 6, 2026.

The drilling programme, which cost approximately $2.3 million, was funded by Sumitomo Metal Mining Canada Ltd., with Inomin serving as the operator. Nine holes totaling 3,452.8 metres were drilled at Onuki in 2026. Assays are reported here for two holes, while results for the remaining three holes are pending, bringing the total number of reported holes to six of nine.

The specific intercepts reported are:

• L26-05 / L26-06: 402 metres grading 0.20% Ni and 21% Mg, starting at 6 metres depth (reported as core length, from the Onuki zone).

The intervals are reported as core length, and true thickness was not calculated. Drilling is described as reconnaissance, with holes spaced no less than 200 metres apart. No cutoff grade is disclosed. Accessory metals cited, though not assayed in the headline interval, include cobalt, chromium, gold, and PGMs.

Quality assurance and quality control procedures were conducted by Actlabs in Kamloops, an ISO 17025 accredited laboratory. Samples were analyzed using 8-Peroxide (Total) Fusion ICP-OES (FUS-Na202). Core was split by power saw, and blanks and standards were inserted into the sample stream. The qualified person for the technical information in this release is Victor Jaramillo, P.Geo., VP Exploration.

Inomin Mines Inc. (MINE) is a pre-resource explorer with a market capitalization of approximately C$5.6 million, zero revenue, and a going-concern flag noted in its MD&A. At this stage of development, news regarding scale and continuity typically drives the equity most significantly, with the threshold for materiality focused on whether developments expand the target beyond existing market expectations.

The company’s recent results serve as a continuation of the maiden Onuki result reported on October 6, 2026, which returned 420 m @ 0.21% Ni and 22% Mg. Following that announcement, the stock closed at $0.10 on October 5, rose to $0.14 on October 6, and subsequently faded to the $0.09–$0.10 range by October 19–23.

The latest intercept of 402 m @ 0.20% Ni / 21% Mg represents a marginally shorter interval with equal-to-fractionally-weaker grade compared to the October 6 anchor, while maintaining the same true width. This result confirms the continuity of the Onuki system and extends the discovery footprint to approximately 900 m, but it does not introduce a new grade tier, resource definition, or metallurgical changes. The metal remains silicate-locked nickel, and the economic profile is unchanged from previous reports.

Structural factors not highlighted in the release include the Sumitomo earn-in agreement, which allows for an 80% interest, potentially diluting Inomin’s residual stake to as little as 20%. Additionally, management fee increases, including the CEO’s compensation rising to $10,000 per month, present a capital-discipline concern for the micro-cap company. While the new data provides a funded, incremental continuity positive, it confirms rather than expands the existing thesis. The expected share-price impact is flat to modestly up, with a significant move requiring the pending three holes to deliver a new grade tier rather than a repeat of the 0.20% Ni profile.

Inomin Mines Inc. (TSXV: MINE) is a pre-revenue exploration-stage company with no established mineral resource. Its flagship asset is the 28,000-hectare Beaver-Lynx polymetallic project, located approximately 50 km north of Williams Lake in south-central British Columbia. The property is situated adjacent to the Gibraltar Mine and benefits from existing road, hydroelectric power, and rail access.

The project is divided into two primary blocks. The Beaver block, located to the north, has been drilled and hosts seven mineralized zones containing nickel, magnesium, cobalt, chromium, platinum, palladium, and potentially copper, silver, and gold. The Lynx block lies 10 km to the south and remains undrilled until 2026; it features the Onuki, Bear, and Skulow targets situated on an 8-km-wide ring magnetic anomaly.

Under an earn-in and joint venture agreement dated April 25, 2025, Sumitomo Metal Mining Canada can earn up to an 80% interest in the project. Sumitomo is responsible for funding exploration activities, while Inomin operates the property.

According to a company presentation dated September 28, 2026, Inomin’s capital structure consists of 55,601,452 shares outstanding, 15,415,783 warrants, and 4,705,000 options, resulting in a fully diluted share count of 75,722,235.

Financial data for the fiscal year ended March 31, 2026, was not included in the company’s latest release but indicates a net loss of $265,237 and selling, general, and administrative expenses of $345,781. The company reported cash holdings of $593,581 and a positive working capital position of $339,283, with no debt. A going-concern material uncertainty was flagged. During the period, two private placements raised $845,275 in gross proceeds, and the company sold its Mexican La Gitana and Peña Blanca assets for $350,000.

In 2025, Inomin divested its Mexican gold-silver assets. The company has also increased administrative fees, setting the CEO’s monthly compensation at $10,000 and the CFO and accounting roles at $4,000 per month.