Northwire Canada EditionThursday, July 16, 2026
Sign inSubscribe
Northwire
⌕
CLCH 1.17 −4.1% DG 0.035 +0.0% SGML 15.86 −6.0% FURY 0.730 −2.7% CG 22.11 −1.9% ARIS 20.18 −1.1% LAF 1.65 +0.0% MKO 10.18 −2.2% NUG 0.330 −1.5% SGN 0.250 −5.7% AVL 7.99 −0.4% ELE 22.14 −2.7% TRX 1.03 −7.2% PTM 1.83 +0.6% OMM 0.050 −9.1% CBG 0.300 −1.6% CLCH 1.17 −4.1% DG 0.035 +0.0% SGML 15.86 −6.0% FURY 0.730 −2.7% CG 22.11 −1.9% ARIS 20.18 −1.1% LAF 1.65 +0.0% MKO 10.18 −2.2% NUG 0.330 −1.5% SGN 0.250 −5.7% AVL 7.99 −0.4% ELE 22.14 −2.7% TRX 1.03 −7.2% PTM 1.83 +0.6% OMM 0.050 −9.1% CBG 0.300 −1.6%
Drill Results

Domestic Metals completes IP survey at Smart Creek

By The Northwire Desk — AI Analysis Mar 13, 2026 · 19:53 DMCU · 0.31 Domestic Metals Corp.
DMCU · Price

Executive Summary

  • Domestic Metals completed a 26 km induced polarization (IP) geophysical survey at its Smart Creek project in Montana to expand drill targets ahead of planned Q2 2026 diamond drilling.
  • The company announced an amendment to the terms of a non-brokered private placement, increasing the size to 12.5 million units for gross proceeds of up to $3.5 million.
  • The amendment modifies warrant terms, setting the exercise price at 40 cents per share with a three-year term, without accelerating the expiry date.

Key Details

  • Geophysical Survey Completion:
    • Conducted by TMC Geophysics between Feb. 6, 2026, and March 2, 2026.
    • Acquired 26 line kilometres (km) of IP data using a pole-dipole electrode array.
    • Objective: Expand the footprint of previous IP geophysics collected by Rio Tinto to delineate drill targets.
    • Status: Data is currently being modeled; results will be disclosed in an upcoming news release.
    • Technical Review: Approved by Daniel MacNeil, PGeo, a qualified person under National Instrument 43-101.
  • Private Placement Amendment:
    • Transaction Type: Non-brokered private placement.
    • Units Offered: Up to 12.5 million units.
    • Price: 28 cents per unit.
    • Gross Proceeds: Up to $3.5 million.
    • Unit Composition: One common share and one common share purchase warrant per unit.
  • Warrant Terms:
    • Exercise Price: 40 cents per share.
    • Term: Three years from the date of issuance.
    • Expiry: No acceleration of the warrant expiry date.
  • Operational Outlook:
    • CEO Gord Neal confirmed that funding from the last financing supports a drill campaign expected to start in mid-April 2026.
    • Focus is on vectoring toward the center of porphyry mineralization and investigating potential for new porphyry and carbonate replacement deposit (CRD) mineralization.

Notable Quotes

  • "This new geophysical data will further help us in vectoring toward the center of porphyry mineralization that our geologists are confident is the source of high-grade metal results that we have seen from our work done at Smart Creek. With the funding from our last financing, we look forward to a successful drill campaign, which is due to start in mid April," says Gord Neal, chief executive officer of Domestic Metals.
Read the original news release →

More from Domestic Metals Corp.

Apr 14, 2026 · 07:30

Financing at Discount Funds Drill Campaign Amidst Dilution Concerns

Financings Apr 02, 2026 · 16:56

Domestic Metals identifies targets at Smart Creek

Drill Results Apr 02, 2026 · 07:30

Domestic Metals defines massive chargeability anomalies at Smart Creek, setting the stage for mid-April 2026 discovery drilling.

Drill Results Mar 24, 2026 · 21:50

Domestic Metals closes first tranche of financing

Financings Mar 13, 2026 · 18:53

Domestic Metals vectors toward porphyry core in Montana as drill bit looms

Drill Results Mar 06, 2026 · 17:01

Domestic Metals expands Smart Creek exploration budget

Drill Results