Abitibi Metals Issues Year-End Shareholder Letter as Copper Hits Record Highs

Executive Summary

• Abitibi Metals raised C$16.1 million in warrant‑free bought‑deal financings, fully funding a 40,000+ m drill program for 2026.
• The company secured a 50% interest in the high‑grade B26 Copper‑Gold Project (with an option to increase to 80%) and achieved 100% ownership of the Beschefer Gold Project.
• Record drilling results were reported, highlighted by a 17.91 % CuEq intercept over 6.3 m (13.48 % Cu, 5.15 g/t Au) and step‑out holes confirming strong lateral continuity.

Key Details

• Financing: Completed multiple bought‑deal financings culminating in an upsized raise of C$16.1 M; no warrants issued; proceeds allocated to aggressive exploration program and balance‑sheet strengthening.
• Ownership Changes: Acquired 50% stake in B26 with a clear path to 80%; attained 100% ownership of Beschefer Gold Project; consolidated additional land positions in the district.
• Drilling Highlights – B26 (2025):
• Hole #? – 17.91 % CuEq (13.48 % Cu, 5.15 g/t Au) over 6.3 m within a 19.5‑m interval of 6.93 % CuEq.
• Step‑out hole – 3.93 % CuEq over 11.0 m confirming lateral continuity.
• Exploration Program: Completed 21,828 m of Phase 3 drilling; Phase 4 planned for Jan 2026 with >40,000 m targeted. New regional targets identified; first regional drill program slated for Q1 2026.
• Resource Estimates (as of Feb 2025 NI 43‑101):
• Indicated: 11.3 Mt @ 2.13 % CuEq (1.23 % Cu, 1.27 % Zn, 0.46 g/t Au, 31.9 g/t Ag).
• Inferred: 7.2 Mt @ 2.21 % CuEq (1.56 % Cu, 0.17 % Zn, 0.87 g/t Au, 7.4 g/t Ag).
• Management Additions: New Vice President of Exploration and EVP appointed; senior management expanded; Craig Parry added to Advisory Board.

Notable Quotes

“We have evolved from an emerging explorer into a technically driven, well‑capitalized copper‑gold growth company…These achievements place Abitibi in a strong position heading into 2026.” – Jon Deluce, CEO

All non‑material boilerplate, forward‑looking statements, and corporate contact information have been omitted for brevity.