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HM Exploration Expands Lewis Pilley's Project to ~60 km Superscript 2

HM Exploration Consolidates Pilley’s Island Tenure as Drilling Program Advances

By The Northwire Desk — AI Analysis May 25, 2026 · 08:30 HM · 0.44 HM Exploration Corp.

Executive Summary

HM Exploration Corp. has expanded its Lewis Pilley’s Project in Newfoundland by staking 67 additional mineral claims, totaling approximately 17 km².
The expansion increases total land position to ~60.25 km² and connects northern and southern claim blocks.
This marks the first time in recent history that the entirety of Pilley’s Island has been consolidated under a single company.
Diamond drilling is continuing at the Clifford Jones Zone for a minimum of 2,500 metres.
The Company holds a 100% interest in the Devil’s Den Project in British Columbia with copper values up to 4.68% at surface.
Target areas include validating historic assay results and collecting new data from multiple zones (3B-Zone, Clifford Jones Extension, Bouzanne Shaft, etc.).

Material Impact

The consolidation of Pilley’s Island is a strategic operational milestone but does not constitute a discovery or financing event.
Staking claims is low-cost capital expenditure compared to drilling or acquisitions; therefore, the immediate financial impact on the balance sheet is minimal.
This news validates the strategy announced in March 2026 (Lewis Copper Tenure acquisition) and May 2026 (Frankfurt listing).
The market likely anticipated land expansion given the aggressive exploration timeline; thus, it is not a surprise catalyst.
No new capital raised or major investor commitment mentioned in this release compared to previous financings ($1.5M flow-through in April).
The news supports the ongoing drilling program but does not provide assay results that would materially alter valuation.

HM · Price

Company Overview

Company: HM Exploration Corp., listed on CSE (HM) and Frankfurt Stock Exchange (X5H).
Flagship Project: Lewis Pilley’s Project, Newfoundland. Hosts Volcanogenic Massive Sulfide (VMS) systems analogous to the Buchans camp.
Assets: 60.25 km² land position on Pilley’s Island; Devil’s Den Project in British Columbia (3,200 hectares).
Historic Production: Pilley’s Island Mine historically produced ~450,000 tonnes of massive pyritic ore.
Exploration Status: Drilling underway at Clifford Jones Zone targeting high-grade copper mineralization identified via 2025 surface grab samples (up to 16.56% Cu).

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