Trinity One Metals Provides Project and Corporate Update

Trinity One Metals Ltd. (TOM) issued an operational and corporate update on July 8, 2026, detailing progress at its Silver-1 Mine in Ecuador. The company has established a local project office in San Bartolomé to facilitate community engagement, field logistics, and technical coordination.

Technical activities are advancing with preparations underway for a tailings sampling program scheduled to begin in August 2026. A contractor has been selected to evaluate historic tailings material. Additionally, Trinity One Metals has chosen a drone magnetic survey contractor, with mobilization expected within the next fortnight. This survey aims to refine the structural understanding of the site and generate high-priority targets for diamond core drilling.

On the corporate front, the company’s OTC ticker symbol changed from "ARJNF" to "TOMXF" effective July 9, 2026, to align with its listing on the TSX Venture Exchange. Shareholders approved a new equity incentive plan on June 18, 2026, which supersedes the previous 10% rolling stock option plan. The new plan authorizes stock options, restricted share units (RSUs), performance share units (PSUs), and deferred share units (DSUs). The plan caps stock options at 10% of issued shares and other instruments at 6,723,487 shares, pending final approval from the TSXV.

Trinity One Metals Ltd. (TOM) released operational updates that are incremental and directly follow the June 10, 2026 announcement, which outlined the same tailings sampling and geophysical programs. The delay of tailings sampling from July to August 2026 is minor and typical for field logistics.

The ticker change is purely administrative and aligns with the TSXV listing, carrying no fundamental valuation impact. The equity incentive plan is standard for junior explorers and introduces manageable dilution, with up to ~10% for options and ~10% for RSUs/PSUs/DSUs. This does not signal aggressive insider dumping or desperate capital raising.

No new assay data, resource estimates, or financing announcements are included. The market already priced in the operational steps from prior releases. The news is expected, execution-focused, and lacks the catalysts required to move the stock materially.

Trinity One Metals Ltd. (TOM) is a junior exploration company holding assets in Ecuador, Mongolia, and Australia.

In Ecuador, the company acquired the Silver-1 Mine, a past-producing high-grade silver-lead-zinc vein system, in February 2026 for $540,000 USD in cash and 5,000,000 common shares. Historical data suggests a conceptual target of 0.20–0.70 Mt grading 15–25 oz/t Ag, with associated Zn and Pb. The company is focused on verifying historical data and advancing toward a modern NI 43-101 resource estimate.

In Mongolia, Trinity One completed a 600-metre diamond drilling campaign at the Victory Project copper project in March 2026. Assay results are pending.

In Australia, early-stage exploration and mapping programs are ongoing at the Gawler and Western Wood Projects.