Eastport Soil Geochemistry Results at Selebi-East Project Provide Multi-Kilometre Nickel-Copper Anomalies Tracking Prospective Amphibolite Host Rocks
Eastport Critical reports new nickel-copper soil anomalies and copper step-outs as it advances its multi-metal portfolio in Botswana.
Eastport Critical Metals Corp. announced initial Phase II soil geochemistry results at its Selebi-East Project in Botswana. The results show multi-kilometre nickel-copper anomalies closely tracking mapped amphibolite host rocks, mirroring the geological setting of the nearby NexMetals Selebi Mine.
The company plans to conduct a targeted deep-penetrating Time-Domain Electromagnetic (TDEM) survey to define subsurface targets for future drilling, pending final soil sample results. This update follows the April 15, 2026 announcement launching the Phase II geochemistry and geophysics program.
Eastport Critical Metals Corp. (EVI) released a routine positive update regarding its previously announced exploration plans, validating the company's geological model. The announcement does not constitute a drill result or resource estimate.
Market expectations for this progress were already priced in following the company's April announcement. While the incremental progress is positive, it lacks the immediate financial or operational catalyst required to move the stock materially.
The stock recently declined to a 52-week low of $0.36, indicating that investors are prioritizing the company's severe cash burn and going concern risk over early-stage exploration updates.
Eastport Critical Metals Corp. (formerly Penbar Capital Ltd.) is a pre-revenue junior explorer focused on critical metals in Botswana. The company’s flagship Matsitama Copper Project features the NAK deposit, which holds historical resources and is currently undergoing infill and step-out drilling.
The company’s portfolio also includes the Foley Uranium Project, located adjacent to Lotus Resources' Letlhakane deposit; the Semarule REE Project; the Selebi-East Ni-Cu Project; and the Keng Project. Eastport Critical Metals Corp. employs a "Develop and Distribute" strategy, aiming to advance multiple assets concurrently while seeking strategic partnerships or secondary listings. Daniel Major was appointed CEO effective July 1, 2026, replacing Burns Singh Tennent-Bhohi.