Metals Creeks' Option Partner Lomiko Identifies New REE Anomalies at the Yellow Fox Critical Metals Property Located in Central Newfoundland
Metals Creek Uncovers High-Value Rare Earth Potential at Yellow Fox While Navigating Chronic Liquidity Constraints
The most recent news release (January 14, 2026) details assay results from an option partner, Lomiko Metals Inc., on the Yellow Fox property in Central Newfoundland. Analysis of soil samples has identified significant Rare Earth Element (REE) anomalies, specifically targeting high-value "magnet metals" Neodymium (Nd), Praseodymium (Pr), and Dysprosium (Dy). TREE (Total Rare Earth Element) values in soil ranged from 1,697 ppm to 5,176 ppm (0.52%). Two distinct anomalies have been outlined: Anomaly #1 (~500m wide by 1,300m long) and Anomaly #2 (~175m wide by 1,000m long). These results suggest a new potential REE discovery parallel to previously identified Antimony-Zinc-Lead-Silver-Gold mineralization.
The impact is Material - Positive for several reasons: - New Commodity Exposure: The discovery of REEs (particularly Dysprosium and Neodymium) adds a high-value critical minerals layer to a project previously valued primarily for antimony and gold. - Footprint Scale: The anomalies are large (over 1km in length each), indicating the potential for a meaningful discovery if subsurface mineralization matches soil signatures. - Partner-Funded: As the project is optioned to Lomiko, Metals Creek benefits from the exploration upside without the immediate capital expenditure, while retaining a 2% NSR and a shareholding in Lomiko. - Strategic Context: Antimony and REEs are currently at the center of Western supply chain security efforts, particularly following Chinese export restrictions. - However, the "Positive" rating is tempered by the fact that these are soil samples and "grab" samples, which are inherently selective and do not define a resource.
Metals Creek is a junior explorer with a diversified portfolio. Its flagship is the Ogden Gold Project in Timmins, Ontario, a 50/50 JV with Discovery Silver Corp. Ogden covers 8km of the Porcupine-Destor Break. The company also holds the Tillex Copper Project (85% interest), which has recently yielded significant intercepts (e.g., 98.2m of 1.82% Cu). The Yellow Fox property is a secondary but rapidly emerging critical metals project currently under option.