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Total Metals Reports Positive Results at its Electrolode Critical Metals Project - Including High-Grade intercepts up to 38.20% Zinc over 0.42m and 3.59% Copper over 1.91m

Total Metals reported high-grade zinc intersections at Electrolode, validating the tier-1 geology of the deposit despite ongoing cash burn concerns.

By The Northwire Desk — AI Analysis Jun 22, 2026 · 04:00 TT · 0.305 Total Metals Corp.

Executive Summary

Total Metals Corp. announced initial assay results from the first 10 drill holes of its 2026 winter drilling program at the Electrolode Critical Metals Project in Northwestern Ontario.
The program targeted the Arrow Zone and Garnet Zone, returning high-grade zinc and copper intercepts that significantly exceed the current NI 43-101 Inferred Mineral Resource grade.
Exceptional sub-intervals include up to 38.20% Zn over 0.42m and 3.59% Cu over 1.91m, alongside elevated gallium and indium values that may represent additional economic value pending further mineralogical analysis.
The winter campaign initially planned for 5,500m was ramped to 8,408m across 25 holes, completed in mid-April 2026.
Drilling downgraded continuity potential between the Garnet Zone and Arrow Zone.
Target B testing in the footwall of Arrow intersected weakly anomalous zinc and altered felsic tuff.
QA/QC protocols were managed by Bayside Geoscience Inc., with samples analyzed by AGAT Laboratories.

Material Impact

The results are in line with previous expectations set in the May 6, 2026 completion announcement, which stated assay results would be reported in the coming weeks.
The high-grade intercepts materially validate the geological model and exceed the current Inferred Resource average of 4.74% Zn and 0.66% Cu.
However, this represents only 40% of the completed program (10 of 25 holes). The market impact is likely incremental rather than transformative until the full dataset is integrated into a resource update.
The downgrade of the Garnet Zone continuity and weak results at Target B introduce geological complexity that requires careful interpretation, tempering immediate upside.
No new strategic partnerships, financing, or production milestones are attached to this release, limiting its immediate market-moving potential.

TT · Price

Company Overview

Total Metals Corp. is a Canadian exploration-stage company focused on critical minerals and precious metals.
Flagship project: Electrolode Critical Metals Project, a 3,000-hectare property in the Red Lake district of Northwestern Ontario, targeting high-grade zinc, copper, gold, and silver mineralization.
Portfolio expansion includes the High Lake and West Hawk Lake gold projects (acquired Oct 2025), the Pick Lake critical minerals property (acquired Apr 2026), and the Menary gold project (closed Mar 2026).
The company is transitioning from a reverse takeover of Compton Mining Corp. to a diversified exploration portfolio in Tier-1 Canadian mining jurisdictions.

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