Transition Metals looks back at 2025, ahead to 2026

Executive Summary

• Transition Metals Corp. provided a comprehensive update on its 2025 exploration activities and outlined its strategic outlook and operational plans for 2026.
• The company reported significant exploration progress at its Pike Warden and Saturday Night projects, including new drill results and geological modeling, while also detailing corporate financial activities including asset sales and capital raises.
• Management outlined 2026 priorities focused on advancing exploration at priority assets, enhancing U.S. market access via DTC eligibility, and optimizing the portfolio through joint ventures and monetization.

Key Details

• Pike Warden Project (Yukon):
  • Exploration included ground induced polarization surveys and mapping that identified four new polymetallic showings with select samples grading >10,000 ppm Ag, 2.8 g/t Au, 1.9% Cu, 3.41% Mo, and 4.31% Pb.
  • Two diamond drill holes (PW-25-01 and PW-25-02) totaling 504 metres were completed in 2025 at the Copper Junction targets; no economic mineralization was encountered, but favorable structure and alteration were noted.
  • Previous 2023 reverse circulation drilling at the ERT target returned intervals of 12-21 metres grading 50-100 g/t Ag (highs of 468 g/t).
  • 2026-2027 plans include targeted drilling at Copper North, Saddles, and ERT, alongside petrographic studies.
• Saturday Night Project (Ontario):
  • 2025 drilling consisted of two programs totaling 2,880 metres (1,417m in early 2025 and 1,463m in late 2025).
  • Hole SN-25-02 returned 14.00m grading 1.04 g/t PGEs with 0.19% Cu, including 1.86m of 2.55 g/t PGMs and 0.46% Cu.
  • Hole SN-25-03 was extended in late 2025 to reach the basal contact; all drilling confirmed a large layered rift intrusive with PGM-Cu-Ni mineralization along basal contacts.
  • Preliminary geological modeling indicates a mineralized zone footprint of approximately 800m by 200m, open in all directions. Assay results are pending.
  • Previous 2016 drilling intersected 6.25m averaging 1.07 g/t PGMs.
• 2025 Corporate Financial Activities:
  • Sold 50% interest in the Fostung tungsten project to U.S. Antimony for $2.5 million USD ($3.5 million CAD), retaining a 0.25% net smelter royalty.
  • Recovered $440,000 through Ontario and Yukon government grant funding programs.
  • Raised $758,133 through the sale of 10,108,439 critical flow-through shares for drilling at Pike Warden and Saturday Night.
  • Generated $35,000 from the sale of securities.
• 2026 Strategic Outlook:
  • Exploration: Continue work at Pike Warden and Saturday Night; rejuvenate exploration at the Gowganda gold project in the Abitibi.
  • Market Access: Seeking Depository Trust Company (DTC) eligibility to allow U.S. investors to trade securities.
  • Marketing: Engaged Investors News Network, Mining.com.au, and the Chinese Investment Club Inc. to expand market visibility.
  • Portfolio Strategy: Continue leveraging a project generator model via joint ventures, earn-in partnerships, and monetization of assets.
• Conference Attendance:
  • Management (CEO Scott McLean, COO Greg Collins, Corporate Development Manager Bill Stormont) will exhibit at the AME Roundup 2026 in Vancouver on January 28-29, 2026.

Notable Quotes

• "Looking ahead to 2026, we are optimistic about continued progress as investor sentiment and activity across the sector strengthen. With a more constructive commodity market and renewed investor interest in the junior mining sector, we believe we are well positioned to unlock value across our portfolio of projects, investments and royalty interests." — Scott McLean, CEO
• "Our focus this year is to advance exploration at priority assets while expanding our investor outreach in the United States. The Transition Metals team is looking forward to a year of growth and value creation, driven by steady exploration execution and continued progress across our portfolio." — Scott McLean, CEO