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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Drill Results Routine +

Nine Mile Metals Announces Drill Rig Mobilization for the Wedge 10,000m Drill Program and Targets New High Grade Copper Zone

Nine Mile Metals Mobilizes Rig for Wedge Program Amidst Dilution Concerns and Data Discrepancies

By The Northwire Desk — AI Analysis May 19, 2026 · 08:01 NINE · 0.075 Nine Mile Metals Ltd.
Executive Summary
  • Nine Mile Metals announced the mobilization of a YS2000 Skid Mounted Drill Rig to the Wedge Mine site by May 28th, 2026.
  • The company is launching a 10,000-meter drill program targeting the western flank and depth of the deposit through December 2026.
  • The program focuses on newly discovered high-grade copper-gold-silver zones identified in previous drilling (Fall 2025).
  • Regulatory clearance was received from the New Brunswick Government to move heavy equipment onto BMC roads.
  • Technical oversight will be provided by Apex Geoscience starting June 1st for a site visit across four projects including Nine Mile Brook.
Material Impact
  • The news confirms execution of the previously announced Phase 3 drill program detailed in the May 5th, 2026 release ("Launch end of May").
  • Mobilization is an operational milestone rather than a discovery event; no new assay data is released with this announcement.
  • The positive sentiment stems from the company's ability to secure government clearance and mobilize equipment without delay, indicating operational competence.
  • However, given the frequent financing rounds in early 2026 ($4.6M LIFE offering + $1M private placement), the market may view this as capital deployment rather than value creation until assay results are released.
  • The news is consistent with historical progression from Fall 2025 drilling to Spring 2026 mobilization, making it expected by informed investors.
NINE · Price
Company Overview
  • Company: Nine Mile Metals Ltd., focused on critical minerals in the Bathurst Mining Camp, New Brunswick.
  • Flagship Project: Wedge VMS (Volcanogenic Massive Sulphide) Project.
  • Project Scope: 35.83 km² covering Wedge Mine, West Wedge, and Tribag targets along an 8 km exploration trend.
  • Mineralization Type: Copper-Lead-Zinc-Silver-Gold VMS system with high-grade copper lenses (up to 13.71% CuEq reported previously).
  • Development Stage: Exploration/Drilling; moving from Phase 2 results into Phase 3 drilling program.
Read the original news release →

More from Nine Mile Metals Ltd.

Jun 24, 2026 · 08:42

Sequential high-grade VMS intercepts at Wedge sustain exploration momentum, but pre-revenue status and going-concern warning limit near-term catalysts.

Drill Results Jun 17, 2026 · 08:03

Nine Mile Metals extends Wedge VMS footprint with 234m intercept, but cash burn and going-concern warning temper near-term upside.

Drill Results May 05, 2026 · 08:01

Wedge Project Drill Program Continues

Drill Results Apr 22, 2026 · 17:01

Nine Mile Metals Raises Capital at Premium to Market Amidst 70% Correction, Signaling Liquidity Stress

Financings Apr 15, 2026 · 17:01

Nine Mile Metals Raises Cash Amidst Valuation Disconnect and Accelerated Burn Rate

Financings Apr 02, 2026 · 08:02

Nine Mile Metals Announces Certified Assays from DDH-WD-25-2B of 3.17% CuEq Over 15.00 Meters (7.47 g/t Ag, 0.21 g/t Au, 2.36 % Cu, 0.35% Pb, 1.29% Zn) Including 5.99% CuEq Over 6.84 Meters (14.50 g/t Ag, 0.34 g/t Au, 4.47% Cu, 0.75% Pb 2.58% Zn)

Drill Results