Abitibi Metals files NI 43-101 report for B26

Executive Summary

• Abitibi Metals Corp. filed an NI 43-101 technical report detailing a material update to the mineral resource estimate for its B26 polymetallic deposit in Quebec, Canada.
• The updated estimate reflects a 14% increase in Indicated resources to 13 million tonnes and a 72% increase in Inferred resources to 12.3 million tonnes, driven by extensive drilling programs completed in 2024 and 2025.
• The company successfully completed the second phase of an option agreement with Soquem Inc., increasing its ownership stake in the B26 property to 80% under a joint venture framework.

Key Details

• Indicated Resources: 13 million tonnes at 1.2% Cu, 1.2% Zn, 0.44 g/t Au, 30.8 g/t Ag (2.1% CuEq / 2.8 g/t AuEq), containing 340M lbs Cu, 332M lbs Zn, 184k oz Au, and 12.8M oz Ag.
• Inferred Resources: 12.3 million tonnes at 1.6% Cu, 0.16% Zn, 0.68 g/t Au, 8.14 g/t Ag (2.2% CuEq / 2.97 g/t AuEq), containing 435M lbs Cu, 43M lbs Zn, 268k oz Au, and 3.2M oz Ag.
• Drilling Progress: Resource estimate incorporates 35,543.8 metres of drilling across 40 holes, 16 wedges, and one hole extension from successful 2024 and 2025 phase 2 and 3 programs.
• Ownership Change: Completed phase 2 of option agreement with Soquem Inc., securing an additional 30% undivided interest to reach 80% ownership; Soquem retains a 20% participating interest.
• Commodity Price Assumptions: Base-case prices used were Gold $2,500/oz, Silver $30/oz, Copper $4.50/lb, and Zinc $1.35/lb. At current spot prices, indicated CuEq grade rises to 2.59% and inferred to 2.55% CuEq.
• Future Drilling: A fully funded 40,000-metre phase 4 drill program is currently underway to test mineralization open laterally and at depth.
• Qualified Person: Yann Camus, PEng, of SGS Canada Inc., verified the technical information and data.
• Property Location: B26 property is located ~7 km southeast of the historical Selbaie mine, ~170 km north of the Horne smelter, and ~140 km north-northwest of Amos, Quebec.

Notable Quotes

• Jonathon Deluce, CEO: "The filing of the technical report marks another significant milestone for Abitibi Metals. This updated mineral resource estimate incorporates 35,543.8 metres of drilling completed across 40 holes, 16 wedges and one hole extension as part of our successful 2024 and 2025 phase 2 and phase 3 drill programs. With more than 25 million tonnes now defined across both resource categories -- representing a 124-per-cent increase since the project was optioned from Soquem -- B26 has crossed an important threshold of scale and continuity."
• Jonathon Deluce, CEO: "With mineralization remaining open laterally and at depth, and a fully funded 40,000-metre phase 4 drill program currently under way, B26 is well positioned to continue demonstrating a strong growth profile toward Selbaie-scale potential. We have applied conservative base-case commodity price assumptions in the mineral resource estimate, using gold at $2,500 (U.S.) per ounce, silver at $30 (U.S.) per ounce, copper at $4.50 (U.S.) per pound and zinc at $1.35 (U.S.) per pound. At current spot prices, the indicated CuEq grade increases to 2.59 per cent, with inferred resources at 2.55 per cent CuEq."