IDEX Intersects Evidence of a Magmatic-Hydrothermal System at the Shiver Target and Reports Initial 2026 Assays, Including 92.97 m of 0.39% Cu (0.67% CuEq) at Kismet, Freeze Project, Idaho USA

IDEX Metals Corp. (IDEX) has released initial assay results for six drill holes, KSMT26007 through KSMT26012, along with visual and progress updates for the Solstice and Shiver prospects. Assays for holes KSMT26013 through KSMT26018, including the Solstice discovery hole KSMT26016, remain pending.

At the Kismet project, hole KSMT26012 returned 92.97 meters from 247.05 meters grading 0.39% copper, 308 ppm molybdenum, and 2.04 g/t silver, equivalent to 0.67% copper equivalent (CuEq). This interval includes 25.40 meters from 247.05 meters grading 0.96% copper, 440 ppm molybdenum, and 5.49 g/t silver, equivalent to 1.38% CuEq, which further includes 6.97 meters from 262.45 meters grading 1.50% copper, 430 ppm molybdenum, and 11.04 g/t silver, equivalent to 2.00% CuEq. Tungsten intercepts in KSMT26012 included 50.27 meters from 255.73 meters at 526 ppm W (0.066% WO3), including 3.72 meters from 259.28 meters at 2,044 ppm W (0.26% WO3). Molybdenum below the copper zone averaged 225 ppm Mo over 95.46 meters from 307.54 meters.

Hole KSMT26010 at Kismet intersected 129.08 meters from 101.00 meters grading 0.23% copper (0.28% CuEq), including 68.08 meters from 162.00 meters grading 0.27% copper, 104 ppm molybdenum, and 406 ppm tungsten (0.37% CuEq). Tungsten intercepts in KSMT26010 included 29.51 meters from 200.57 meters at 809 ppm W (0.10% WO3), including 16.00 meters from 212.00 meters at 1,322 ppm W (0.17% WO3) and 5.00 meters from 223.00 meters at 3,104 ppm W (0.39% WO3). A second tungsten zone measured 31.99 meters from 259.00 meters at 558 ppm W (0.07% WO3).

Hole KSMT26009 at Kismet returned 4.91 meters from 202.09 meters grading 0.31% copper and 2.86 g/t silver (0.35% CuEq). In the North Breccia area, KSMT26008 intersected 26.98 meters from 241.00 meters at 0.14% copper (0.15% CuEq), and KSMT26011 intersected 2.00 meters from 60.00 meters at 0.11% copper (0.17% CuEq). Hole KSMT26007 reported no significant values.

At the Shiver prospect, the first hole, KSMT26020, logged porphyritic granodiorite from 55 meters, QSP-altered porphyritic granodiorite from 189.4 to 196.0 meters, and D-type quartz-pyrite veins and stringers at 140.85 meters, 153.67 meters, and 178.24 meters. At Solstice, hole KSMT26019 served as a follow-up to KSMT26016, logging porphyritic granodiorite from 168.5 meters, chalcopyrite-pyrite-molybdenite from 187.7 meters, and quartz vein stockwork from approximately 390 meters. Visual observations only were recorded for both Shiver and Solstice holes, with assays pending.

Reported intervals represent core lengths rather than true widths. Copper intervals utilize a 0.10% Cu cutoff, while tungsten intervals use a 100 ppm W cutoff.

IDEX Metals Corp. (IDEX), a pre-resource explorer with no revenue, reported a market capitalization of approximately C$27 million at a share price of C$0.35. The company’s equity remains sensitive to drill results, though the market is currently valuing the narrative rather than a defined resource.

The recent release adds real 2026 assays and confirms high-grade copper at depth at the Kismet property, alongside a coherent potassic breccia and molybdenum/tungsten zoning. These findings support the geological model and improve confidence that Kismet is not a shallow-only system. However, the release does not establish a new grade anchor, a materially larger tonnage, or a new assayed porphyry centre. The Shiver result serves as a visual update, while assays from the Solstice target remain a pending catalyst.

The stock is trading near its 52-week low at C$0.35, down from C$0.73 in September 2026. Because prior drill and IP results are not fully embedded at current levels, the setup is not priced for perfection. Nevertheless, the new result is considered incremental rather than a step-change, with key pending assays still outstanding.

At January 31, 2026, the company held C$2.50 million in cash and reported a first-half net loss of C$4.87 million. With no revenue, IDEX Metals relied on equity financing, raising C$8.05 million in May 2026. This funding position supports near-term drilling but remains dilutive and dependent on continued access to capital.

IDEX Metals Corp. (TSXV: IDEX, OTCQB: IDXMF) is a pre-revenue mineral exploration company focused on projects in Idaho, USA. The firm currently holds no resource estimate and has not generated revenue. Its flagship asset is the Freeze copper-gold-molybdenum-tungsten-silver project, located in Washington County within the emerging Idaho Copper Belt. The company controls 31,645 acres, which includes a 28,432-acre mineral lease held by the Idaho Department of Lands.

The Freeze project is road-accessible and serviced from Council, Idaho, with existing power and water infrastructure. The Idaho Department of Lands and the US Forest Service have approved drill permits for parts of the property. Permitting is currently in progress for Targets A, B, and C, while Target D is fully permitted. The company’s exploration targets include Kismet, a breccia-hosted copper-molybdenum-silver-tungsten deposit; North Breccia; Solstice, a porphyry-style copper-molybdenum deposit; Shiver; CM; and Frostfall. IDEX Metals explicitly states that no historical or current resource estimates exist for these projects.

Other assets held by the company include the Amie, Silver Rock, and Demming projects in Idaho, which have been optioned to WestGold Metals. Under the terms of the option, WestGold can earn a 90% interest by spending C$5 million over three years and issuing C$100,000 plus 5,737,000 shares. IDEX Metals retains a 10% carried interest and a 1.5% net smelter return (NSR) on these properties.

As of September 16, 2026, IDEX Metals had a capital structure consisting of 77,533,899 basic shares, 7,411,066 options, 6,637,500 restricted stock units (RSUs), and 11,764,765 warrants, totaling approximately 103.3 million fully diluted shares. In the first half of fiscal year 2026, the company reported a net loss of C$4.87 million and no revenue. Cash on hand was C$2.50 million as of January 31, 2026, with C$3.08 million spent on exploration and evaluation. The company raised C$8.05 million in May 2026 and relies on equity financing.