Northwire Canada EditionThursday, November 12, 2026
Northwire
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Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7%
Drill Results

One Bullion to complete survey over Vumba, Maitengwe

OBUL · Price

Executive Summary

  • One Bullion Ltd. has engaged Xcalibur Smart Mapping to conduct a high-resolution airborne geophysical survey (magnetic gradiometer and radiometrics) over its Vumba and Maitengwe projects in Botswana to advance drill targeting for the 2026 exploration program.
  • The company also announced the grant of 1 million restricted share units (RSUs) to a director and officer, and entered into a market-maker agreement with Independent Trading Group Inc. to enhance liquidity.

Key Details

  • Geophysical Survey Scope:
    • Total coverage: Approximately 16,350 line kilometres.
    • Vumba Project: 2,400 line km.
    • Maitengwe Project: 13,950 line km (inclusive of tie lines).
    • Survey parameters: 50-meter line spacing with 500-meter tie lines.
    • Technology: Horizontal magnetic gradiometer system, complemented by radiometric and gravity sensors.
  • Project Specifics:
    • Maitengwe covers 580.75 square kilometres; the survey aims to penetrate young Kalahari sediments to identify prospective structural corridors and reduce exploration risk ahead of drilling.
  • Timeline:
    • Survey commencement: Within the next few weeks.
    • Duration: Approximately five weeks.
    • Preliminary results: One week after survey completion.
    • Fully processed/interpreted data: Approximately four weeks after survey completion.
  • Restricted Share Unit (RSU) Grant:
    • Quantity: 1,000,000 RSUs.
    • Recipient: A director and officer of the company.
    • Terms: Each RSU is convertible into one common share for no additional consideration.
    • Vesting Date: January 26, 2027.
  • Market-Maker Agreement:
    • Counterparty: Independent Trading Group Inc.
    • Effective Date: January 6, 2026.
    • Fee: $5,500 per month.
    • Compensation Structure: No shares, options, funds, or securities provided to the market maker; cash fee only.
    • Term: Initial term of one month, subject to monthly renewal.
    • Termination: Company may terminate with 30 days' notice or for cause.
    • Regulatory Status: Subject to approval of the TSX Venture Exchange.

Notable Quotes

  • "These surveys are a critical step in systematically unlocking value across our portfolio and positioning the company for a focused and efficient drill program later this year," said Adam Berk, CEO. "Following our successful public listing late last year, we are moving aggressively to advance our assets. High-resolution geophysical data will significantly improve our ability to prioritize targets, allocate capital effectively and accelerate exploration momentum as we enter 2026."
Read the original news release →

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