Northwire Canada EditionWednesday, July 29, 2026
Northwire
LEGY 0.890 +1.1% GTWO 9.19 −3.6% CDA 0.900 +1.1% IZN 0.060 +0.0% AUMB 0.565 −2.6% BOL 0.075 +15.4% ABRA 13.47 −6.5% GMIN 40.45 −3.9% PBM 0.045 +0.0% AEF 0.145 +0.0% EDCU 0.410 −9.9% SCD 0.168 −1.5% DLTA 0.155 +0.0% AAUC 24.68 −16.3% CNL 17.53 −2.3% SAG 0.870 −3.3% LEGY 0.890 +1.1% GTWO 9.19 −3.6% CDA 0.900 +1.1% IZN 0.060 +0.0% AUMB 0.565 −2.6% BOL 0.075 +15.4% ABRA 13.47 −6.5% GMIN 40.45 −3.9% PBM 0.045 +0.0% AEF 0.145 +0.0% EDCU 0.410 −9.9% SCD 0.168 −1.5% DLTA 0.155 +0.0% AAUC 24.68 −16.3% CNL 17.53 −2.3% SAG 0.870 −3.3%
Drill Results

A.I.S. sells Buda Juice shares for $2.24M (U.S.)

AIS · Price

Executive Summary

  • A.I.S. Resources Ltd. liquidated its remaining marketable securities (Buda Juice Inc. shares), realizing total gross proceeds of $2,749,048 USD (including a prior November 2025 disposition) with an internal rate of return exceeding 20%.
  • Proceeds will be allocated to advance the Saint John exploration program, strengthen the balance sheet, and evaluate new strategic opportunities.
  • The company outlined immediate next steps for the Saint John project, including surface sampling, trenching, drone geophysical surveys (~$300k budget), and a 2,000-metre maiden drill program at Little Lepreau, following strong surface sample grades and magnetic data.

Key Details

  • Asset Disposition & Financials: Liquidated balance of marketable securities for $2,249,048 USD; total gross proceeds from dispositions reached $2,749,048 USD; investment achieved an IRR of over 20%.
  • Use of Proceeds: Funding for the Saint John exploration program, balance sheet strengthening, and evaluation of new opportunities.
  • Saint John Project Next Steps: Surface sampling and trenching; expansion of drone MobileMT plus IP surveys across the entire project to refine drill targets (budgeted at ~$300,000); commencement of a 2,000-metre maiden reverse circulation/diamond drill program at Little Lepreau.
  • Project Overview: Saint John project is a district-scale IOCG/porphyry exploration target covering 101 square kilometres in a Tier-1 mining jurisdiction (New Brunswick, Canada), located ~20 km west of Saint John, NB, with access to highways, rail, deepwater port, power stations, and a skilled workforce.
  • Little Lepreau Prospect Highlights: Roadside quarry surface samples returned Au up to 41.6 g/t, Ag up to 1,600 g/t, Cu up to 7.64%, and Sb >1%; high-resolution magnetic data (25-metre line spacing) delineated multiple magnetic-low response areas correlating with mineralization; maiden drilling (2,000m) approved.
  • Prince of Wales Prospect Highlights: Surface samples returned Au up to 11.4 g/t, Ag up to 1,050 g/t, Cu up to 10.55%, and Pb up to 18.85%.
  • Hideaway Prospect Highlights: Surface samples returned Au up to 1.7 g/t, Ag up to 8 g/t, and Cu up to 2.01%.
  • Technical Review: Geological information reviewed and approved by Edward Mead, a Qualified Person under NI 43-101 and Fellow of the Australasian Institute of Mining and Metallurgy.

Notable Quotes

  • Marc Enright-Morin, Chief Executive Officer: "We are pleased that the company is now well capitalized and in a strong position to move forward with its strategic goals. The company thanks its stakeholders for its support in achieving this milestone. We are now excited to move forward with the Saint John exploration program, beginning with sampling, trenching and geophysics to expand on the work performed in 2025."
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