Anteros Metals Advances Seagull Project Targeting Natural Hydrogen, Helium and PGE Mineralization and Engages Chibougamau Drilling

The most recent news release from April 15, 2026, announces that Anteros Metals has engaged Chibougamau Drilling Ltd. to execute a Phase 2 drilling program at the Seagull Property in northwestern Ontario. This follows the March 2026 announcement of assay results confirming PGE mineralization and pressurized gas occurrences from Phase 1 (hole RM26-01). The primary objectives for this new phase are to investigate the source and extent of the previously identified pressurized gas occurrence at depth (~877m) and test for deeper magmatic sulphide mineralization within the mafic–ultramafic intrusive system. Exploration is being conducted in collaboration with Rift Minerals Inc., which remains a key partner under an option agreement that could grant Anteros up to a 49% interest in the project. The CEO, Trumbull Fisher, characterized this engagement as an important step forward aligned with industry interest in natural hydrogen and helium systems.

The news represents Routine - Positive activity rather than a material game-changer for several reasons: * Expected Progression: Following the March 13 assay results which confirmed PGEs and gas, Phase 2 drilling was anticipated as the logical next step to validate these findings. It does not introduce new, unexpected data but confirms execution of previously announced plans. * Financial Context: The company has engaged in a series of small, dilutive financings throughout late 2025 and early 2026 (e.g., Feb $200k at $0.12/$0.09; Mar $1M amendment at $0.05/$0.065). The significant drop in financing price from February to March indicates a lack of market appetite for the stock at higher valuations, suggesting the company is under financial pressure despite operational progress. * Technical Risks: Phase 1 drilling was abandoned due to downhole conditions (Feb 2026), and while assays were positive, the gas composition remains undetermined. The risk that Phase 2 encounters similar technical issues or fails to confirm commercial viability of the gas system remains high. * Market Reaction: The stock price has consolidated around $0.11 following a sharp drop from January highs ($0.38). While the news is positive, it does not immediately resolve the dilution concerns or the technical risks associated with deep drilling in this geological setting.

• Company: Anteros Metals Inc. is an exploration company focused on critical minerals in Canada.
• Flagship Project: Seagull Critical Minerals Project (Ontario). Located ~80 km NE of Thunder Bay within the Midcontinent Rift.
• Target Commodities: Platinum Group Elements (PGE), Nickel, Copper, Natural Hydrogen, and Helium.
• Geology: Mafic–ultramafic intrusive complex containing lherzolite and pyroxenite, conducive to hydrogen generation via serpentinization.
• Secondary Project: Havens Steady VMS Property (Newfoundland), showing high-grade Pb/Zn/Au mineralization in channel sampling.