Metals Creek acquires 0.5% NSR on Tillex property
High-grade copper hits and gold prospectivity overshadowed by a chronic need for micro-financing.
The most recent news release (January 9, 2026) announces that Metals Creek Resources Corp. (MEK) has exercised its right to acquire a 0.5% Net Smelter Royalty (NSR) on the Tillex Property from Blue Moon Metals Inc. The consideration for this acquisition is the issuance of 50,000 common shares of Metals Creek, subject to TSX Venture Exchange approval. This follows a year of active exploration at Tillex, where the company had previously reported significant copper intercepts.
The impact of this specific news is minor and routine. While acquiring an NSR on a flagship property is a positive strategic move to consolidate ownership and future value, the scale of the transaction (50,000 shares, valued at roughly $2,000 CAD at current prices) is immaterial relative to the company's market capitalization. It does, however, signal management's continued commitment to the Tillex project.
Looking at the 2025 historical data provided, the more material developments were: - The Tillex Copper Project drill results (June/July 2025), which showed high-grade intercepts like 1.82% Cu over 98.20m. - The Naybob West (Ogden Gold Project) discovery, yielding up to 12.3 g/t Au in grab samples. - The constant cycle of small private placements (May, July, August, October, and December 2025) ranging from $60,000 to $345,000, which suggests the company is operating on a "hand-to-mouth" basis.
Metals Creek Resources Corp. is a junior explorer with a diversified portfolio in Ontario and Newfoundland. - Flagship Project: The Ogden Gold Project (Timmins, ON), a 50/50 joint venture with Discovery Silver Corp. It covers 8km of the Porcupine-Destor Break. - Secondary Focus: The Tillex Copper Project (Ontario), where the company is exploring a near-surface copper deposit with recent high-grade drill success. - Other Assets: Careless Cove (Gold, Newfoundland) and the Yellow Fox (Antimony/Gold, Newfoundland) which is currently optioned out to Lomiko Metals.