Northwire Canada EditionFriday, July 10, 2026
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TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0%
Drill Results Neutral

Great Atlantic Resources Reports Geophysical Results Mount Raymond Property

Great Atlantic advances its exploration pipeline while facing balance sheet weakness that demands caution from investors.

By The Northwire Desk — AI Analysis Jun 03, 2026 · 09:01 GR · 0.075 Great Atlantic Resources Corp.
Executive Summary
  • Great Atlantic Resources Corp. released geophysical results from a VTEM-Plus airborne electromagnetic survey conducted in early 2026 on its Mount Raymond Property in New Brunswick.
  • The survey identified 432 anomalies, with plate models constructed for 24 conductors ranging from 30 to 320 meters in depth.
  • Twenty-one of these conductors are located within or along the boundaries of Great Atlantic's property, primarily in Target T07 and T08.
  • The data will guide Slam Exploration Ltd.'s upcoming 2026 diamond drilling program. Slam holds an option to earn a 100% interest in the property through cash payments, share issuances, and exploration expenditures.
  • Historical drilling at Mount Raymond intersected semi-massive sulfides with copper, nickel, and cobalt, though a qualified person has not independently verified the VTEM anomalies or historical mineralization for Great Atlantic.
Material Impact
  • The announcement represents a standard, expected step in the exploration lifecycle following the March 2026 option agreement with Slam Exploration.
  • Market participants were already aware of the planned VTEM survey and subsequent drilling program. The results confirm target locations but do not constitute a new resource estimate or financial milestone.
  • The news provides incremental data for Slam's drilling planning but carries no immediate financial impact on Great Atlantic, which retains a 2% NSR royalty.
  • Given the company's severe liquidity constraints, exploration updates on optioned properties do not alter the fundamental risk profile or near-term capital requirements.
GR · Price
Company Overview
  • Great Atlantic Resources operates a project generation model, focusing on exploring and advancing mineral assets across Newfoundland and New Brunswick.
  • The portfolio spans approximately 30,000 hectares, with a focus on gold, silver, base metals, tungsten, and antimony.
  • The flagship asset is the Golden Promise Gold Property in central Newfoundland, which hosts an inferred resource of 357,500 tonnes at 10.4 g/t Au (approximately 119,900 ounces) as of 2018.
  • The company is actively pursuing bulk-sampling and metallurgical testing at Golden Promise, leveraging precision mining technology from Novamera Inc.
  • Other notable assets include the Keymet Precious Metal project, Glenelg Gold-Antimony-Vanadium property, and the Pilley's Island base metal project.
Read the original news release →

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