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Eureka Metals Mobilizes 2026 Exploration Program at Tyee Titanium Project to Advance High-Grade Titanium Targets and Evaluate Untested EM Anomalies

Eureka Metals Pivots to High-Grade Titanium as Tyee Exploration Mobilizes Amidst Post-Financing Consolidation

By The Northwire Desk — AI Analysis Jun 03, 2026 · 07:02 ERKA · 0.45 Eureka Metals Corp.

Executive Summary

Eureka Metals Corp. has mobilized its Phase 1 2026 exploration program at the 100%-owned Tyee Titanium Project in Quebec.
The helicopter-supported field crew will operate through June 17, 2026, targeting historical high-grade titanium zones (Big Tio, NS Trend, East Nugget) and evaluating untested electromagnetic anomalies from historical SkyTEM surveys.
Historical grab samples returned TiO2 grades between 31.89% and 36.07%, underscoring the district's potential.
The program is managed by IOS Geosciences and will utilize portable "beep mat" systems and geological mapping to prioritize future geophysical surveys.
Concurrently, the company granted 100,000 incentive stock options to consultants at $0.45 per share, exercisable for three years.

Material Impact

The mobilization of the Tyee exploration program is a logical, expected follow-up to the $6.3 million financing closed in April 2026 and the acquisition of Stairway Mining in February 2026.
While the historical surface grades are compelling, they represent grab samples and do not yet constitute a drill-ready target or a resource estimate. The market has already priced in the acquisition and the financing; therefore, this announcement is incremental.
The focus on untested EM anomalies is a standard exploration step to de-risk the property, but it does not immediately alter the company's valuation or timeline.
The stock has consolidated around $0.45 since the April financing close, indicating the market views this as routine progress rather than a catalyst for immediate re-rating.

ERKA · Price

Company Overview

Eureka Metals Corp. (formerly Eureka Lithium Corp.) is a Canadian exploration company that has pivoted from a pure-play lithium focus to a diversified metals portfolio following the acquisition of Stairway Mining.
Flagship Project: Tyee Titanium Project (Quebec). Located in the Havre-Saint-Pierre anorthosite complex, near Rio Tinto's Lac Tio deposit. The project targets titanium-vanadium-scandium mineralization across ~10,136 hectares.
Secondary Project: Cabin Lake Polymetallic Project (British Columbia). Located in the Omineca Mining District, targeting silver-lead-zinc-gold mineralization. Eureka holds an option to earn 100% interest.

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