Northwire Canada EditionSunday, July 12, 2026
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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 +

GreenLight Metals Intersects 27.72m of 1.07% Cu and 0.97 g/t Au (2.10% CuEq) including 15.65m of 1.66% Cu and 1.39 g/t Au (3.14% CuEq) at the Bend VMS Deposit in Wisconsin

GreenLight Metals Advances Bend VMS Drilling Amid Barrick JV Term Sheet, But Capital Burn and Going Concern Risks Loom

By The Northwire Desk — AI Analysis Jun 02, 2026 · 07:11 GRL · 0.36 GreenLight Metals Inc.
Executive Summary
  • GreenLight Metals reported assay results from drill holes B26-008 and B26-010 at its Bend VMS Project in Wisconsin.
  • Intercepts include 27.72m of 2.10% CuEq and 21.06m of 2.46% CuEq, confirming down-dip and along-strike extension of high-grade copper-gold-tellurium mineralization.
  • Phase 2 exploration drilling (initial 4,000m of a permitted 7,000m program) is progressing with two active rigs.
  • Downhole geophysical surveys are being processed to guide future targeting.
  • Assay results for holes B26-009/009W and B26-011 are expected in 3-6 weeks.
Material Impact
  • The June 2 results are consistent with the Phase 1 program completed in late 2025, which established a strong foundation of high-grade VMS mineralization.
  • These results are expected and incremental to the ongoing Phase 2 program announced in February 2026.
  • The market was already aware of the drilling campaign and the geological continuity.
  • The news does not introduce new material information that would significantly alter the company's valuation or risk profile.
  • The more significant development remains the May 7 binding term sheet with Barrick Mining for a staged earn-in JV at Kalium Canyon, but this remains a preliminary agreement subject to long-form documentation and regulatory approvals.
GRL · Price
Company Overview
  • GreenLight Metals is an exploration-stage mining company focused on the Penokean Volcanic Belt in Wisconsin.
  • Flagship project: Bend VMS Project, a copper-gold-tellurium deposit with historic mineralization and recent high-grade drill intercepts.
  • Portfolio includes the Reef, Lobo, and Lobo East projects in Wisconsin, and the Kalium Canyon gold project in Nevada.
  • Strategy involves consolidating land positions and advancing exploration through phased drilling programs.
Read the original news release →

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Drill Results