Inomin Drilling Confirms District-Scale Potential of Beaver-Lynx Polymetallic Project

The news release dated January 19, 2026, announces the final analytical results from the 2025 diamond drilling program at the Beaver-Lynx polymetallic project in British Columbia. The program, funded by partner Sumitomo Metal Mining Canada Ltd., consisted of 13 holes totaling 3,361.8 metres. Key findings include: - Confirmation of a mineralized footprint of approximately 500,000 square metres at the South Zone. - Evidence that mineralization at the North Zone extends along a 7-kilometre trend. - The identification of Platinum Group Metals (Platinum and Palladium) for the first time, albeit at low grades (approx. 0.01 g/t to 0.02 g/t). - Consistent intersections of magnesium (averaging >20%) and nickel (averaging ~0.18-0.20%). - A 100% success rate in intersecting serpentinized ultramafic rock across all holes.

The news is Material - Positive as it validates the geological model of a district-scale, bulk-tonnage system. - Strategic Validation: Having Sumitomo fund the $1.7 million exploration program and reaching the conclusion of this phase with a "100% success rate" in mineralization targets provides significant third-party credibility that the junior lacks on its own. - Resource Potential: The expansion of the South Zone footprint and the 7km trend in the North Zone suggest the project has the volume required for a large-scale operation. - Grade Reality Check: While the "polymetallic" nature is touted, the nickel grades remain low (~0.19% Ni). The viability of the project depends entirely on being a high-volume, low-cost operation. The PGM discovery is technically interesting but, at current reported grades, does not yet move the needle on net smelter return (NSR) calculations. - Financial Cushion: The completion of this program was fully funded by Sumitomo, preserving Inomin's internal cash for corporate overhead.

Inomin Mines is a Canadian explorer focused on "critical minerals." Its flagship is the Beaver-Lynx Project (28,000+ hectares) in south-central British Columbia. The project is adjacent to the Taseko Mines' Gibraltar mine, providing excellent infrastructure (roads, power, rail). The project is characterized by large magnetic anomalies associated with serpentinized ultramafic rocks containing nickel, magnesium, and chromium.