Molten Metals Completes Airborne Geophysical Survey at Texas Project

Executive Summary of Recent Activity

• Molten Metals Corp. completed an airborne Mobile Magneto Telluric (MobileMT) geophysical survey over its Texas Project in British Columbia on May 1-2, 2026.
• The survey covered 360 line-kilometres with a flight direction of N45°.
• Management is allowing claims for the Gathering Lake and Triangle Lake projects to lapse as part of a portfolio optimization strategy.
• The Company has transitioned from quarterly to semi-annual financial reporting (SAR) under Coordinated Blanket Order 51-933.

News Impact Analysis

• Exploration Progress: The completion of the survey is a standard operational step but lacks immediate value realization (no drill results). In the context of a 66% stock price decline since January, this incremental progress is unlikely to reverse sentiment without follow-up drilling.
• Portfolio Reduction: Allowing claims to lapse is a double-edged sword; it reduces carrying costs (positive for cash flow) but diminishes long-term asset potential (negative for valuation).
• Reporting Frequency: The shift to semi-annual reporting is generally neutral to slightly positive for cost management but negative for investor oversight, potentially masking liquidity issues between filings.

Corporate Profile

• Company: Molten Metals Corp.
• Focus: Mineral exploration, specifically targeting base or precious metals in British Columbia (Texas Project).
• Development Stage: Exploration/Pre-Feasibility. No production revenue is indicated in the news releases; focus remains on exploration expenses and working capital.