Metal Energy plans drill program at NIV

Executive Summary

• Metal Energy Corp. announced its 2026 exploration program for the fully permitted NIV copper-gold-molybdenum project in the Toodoggone district, British Columbia.
• The initial drill program is scheduled to commence in June 2026, targeting multiple deposit-scale porphyry Cu-Au-Mo targets along a five-kilometer trend of coincident geochemical and geophysical anomalies.
• The company is fully funded for the 2026 program with approximately $10 million in cash and strategic backing from major mining companies Centerra Gold and Teck Resources, each holding a 9.9% stake.

Key Details

• Drilling Scope: The initial phase involves between 4,000 and 8,000 meters of drilling.
• Target Areas: Drilling will test multiple deposit-scale targets along a five-kilometer-long trend. Each target will be tested by multiple drill holes.
• Geological Context: The NIV project covers 12,500 hectares across two claim blocks (NIV and West NIV). It is underlain by Triassic-Jurassic geology similar to nearby copper-gold porphyry deposits.
• Anomalies: The property displays strongly anomalous soil geochemistry (>100 ppm Cu, >75 ppb Au, >4 ppm Mo) coincident with geophysical responses (IP chargeability, resistivity, airborne MT) extending to depths of several hundreds of meters.
• Drill Status: The NIV and West NIV properties have not been drill-tested previously.
• Logistics: Drill crews are expected to mobilize in June 2026. Geological ground-truthing and additional geophysics (ground AMT surveys, completion of West NIV airborne survey) may be conducted to refine drill sites concurrent with the program initiation.
• Financial Position: The company holds approximately $10 million in cash, fully capitalizing the 2026 program.
• Strategic Partners: Centerra Gold and Teck Resources each own 9.9% of Metal Energy Corp. These investments serve as technical and commercial validation of the project's prospectivity prior to any drilling.
• Project Location: The NIV project is located approximately 32 kilometers south of Centerra Gold's Kemess mine complex.

Notable Quotes

• "Centerra and Teck each hold 9.9 per cent of Metal Energy's issued and outstanding common shares, and represent the technical and commercial validation of NIV's prospectivity -- these investments were made without a single drill hole having been cored at NIV."