IDEX Metals Confirms Significant Tungsten Enrichment at Freeze, Including 180.5 Metres of 0.11% WO3, 72.2 Metres of 0.13% WO3, and 1.2 Metres of 1.55% WO3 in 2025 Drilling at Kismet

IDEX Metals Corp. (IDEX) re-assayed two prior drill holes, KSMT25002 and KSMT25005, using sodium peroxide fusion (SPF) to correct the massive under-reporting of tungsten that resulted from the original four-acid digestion method. The company reported broad intercepts of 180.5 m @ 0.11% WO₃ from KSMT25002 and 72.2 m @ 0.13% WO₃ from KSMT25005. Within KSMT25002, an internal high-grade zone of 1.2 m @ 1.55% WO₃ was identified.

The peak single-sample SPF value reached 1.55% WO₃, equivalent to 12,300 ppm W, compared to the original four-acid result of only 1,070 ppm W, representing a 91% under-capture. Tungsten is now interpreted as a fundamental component of the Kismet polymetallic system, upgrading the deposit to a Cu-Mo-W magmatic-hydrothermal system.

IDEX Metals Corp. (IDEX) released a re-assay of historical drill holes, adding a modest tungsten dimension to a project already carrying significant copper expectations. The results do not constitute a new discovery.

For a junior explorer with a market capitalization of approximately $19 million, a transformative event would typically involve a copper discovery or a step-out that materially expands the mineralized volume. The tungsten results, while geologically interesting, do not define a resource, lack continuity, and carry grades well below typical economic thresholds.

Market reaction reflected prior sentiment, with the share price declining from $1.31 to $0.34, suggesting that previous copper intercepts had not sustained investor excitement. This news is unlikely to reverse that trend; it serves as a positive data point that marginally expands the project's polymetallic story but does not materially alter the investment thesis.

IDEX Metals Corp. remains an explorer with no established resource or economic studies. The news does not change the value proposition, which remains a speculative story hinging on future copper drilling.

IDEX Metals Corp. is a Canadian junior explorer focused on the Freeze Project in the Idaho Copper Belt, USA. The company controls 31,645 acres through claims and a mineral lease. The project is an early-stage copper-gold-molybdenum-tungsten porphyry system, highlighted by the Kismet Breccia Complex and the North Breccia target. No mineral resources have been defined. The company completed a reverse takeover in May 2025 and has since raised ~$13.3M through equity financings to fund exploration.