Giga Metals Announces Positive Geophysical Results

The most recent news release, dated November 25, 2025, announces that Giga Metals has received positive results from a Magnetotelluric (MT) geophysical survey conducted at the Attic Zone of its Turnagain Project. The survey successfully mapped the geometry of the ultramafic intrusive complex, which the company states supports an up-facing structural orientation with a previously untested basal contact.

According to CEO Scott Lendrum, this is the first step in a methodical program to explore for copper, platinum, and palladium in the Attic Zone. Advisor Stephen Beresford highlighted the effectiveness of MT in defining geometry and revealing unknown features due to the strong resistivity contrast. He expressed confidence in the Turnagain intrusion geometry and noted that both basal and marginal contacts remain largely untested at significant depths.

The company plans further MT lines to delineate intrusive geometry to the northwest and southeast, followed by Electromagnetic (EM) surveys to prioritize drill targets. The news release explicitly states that the recently completed financing will fund this geophysical program into Spring 2026.

This news is a positive, but routine, step for Giga Metals. It confirms the successful execution of the initial phase of the exploration program that was first announced in September 2025 and recommended in December 2024. The positive geophysical results, specifically the identification of an "up-facing structural orientation with untested basal contact," lend support to the company's geological model for potential copper, platinum, and palladium (PGE) mineralization in the Attic Zone. This is an encouraging development as it refines potential drill targets and provides better confidence in the project's exploration upside.

However, it is crucial to note that these are geophysical survey results, not direct assay results from drilling. While they help define subsurface geology and target areas, they do not yet confirm the presence of economic mineralization. The impact is primarily on de-risking the exploration methodology and providing a clearer path for future work.

The explicit mention that the "recently completed financing will fund this geophysical program into the Spring of 2026" is important. Giga Metals has consistently faced capital constraints, as evidenced by multiple private placements throughout 2025, often closing for less than the maximum target. The successful completion of the latest $1.55 million private placement (announced November 6, 2025) means the company has secured funds for the immediate next steps in exploration. This mitigates short-term liquidity risk related to this specific program.

Overall, the news is in line with the company's stated exploration strategy and provides incremental positive data. It does not fundamentally change the company's valuation or risk profile in a "game-changer" way but builds confidence in the exploration potential and the team's ability to execute its program.

Giga Metals Corp. (TSX-V: GIGA) is a Canadian exploration company primarily focused on the development of critical minerals. Its flagship asset is the Turnagain Project, located in northern British Columbia, Canada.

Turnagain Project: * Commodities: Nickel, Cobalt, Copper, Platinum, and Palladium. * Stage: Currently in the exploration phase, following a Pre-Feasibility Study (PFS) completed in October 2023. * Ownership: The project is held through Hard Creek Nickel Corp., a subsidiary jointly owned by Giga Metals (85%) and Mitsubishi Corporation (15%). * Development: The project hosts one of the few significant undeveloped sulphide nickel and cobalt resources globally. Recent exploration efforts, guided by independent geological recommendations, have shifted focus to identifying potential high-grade copper and PGE mineralization within previously underexplored areas, particularly the Attic Zone and Bench Zone of the ultramafic complex. The current program involves geophysical surveys (Magnetotelluric and Electromagnetic) to delineate intrusive geometry and identify drill targets.