Northwire Canada EditionThursday, November 12, 2026
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Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7%
Drill Results

Perseverance Metals Reflects on a Foundational 2025 and Outlines High-Impact 2026 Exploration Plans

By The Northwire Desk — AI Analysis Jan 27, 2026 · 07:31 PMI · 0.73 Perseverance Metals Inc.
PMI · Price

Executive Summary

  • Perseverance Metals highlights a successful 2025 that included raising > $8 M, completing its TSX‑V listing, and reporting high‑grade Ni‑Cu‑Co‑PGE discoveries at Lac Gayot.
  • The company announces aggressive 2026 drilling programs: a maiden 2,000–3,000 m drill campaign on the Voyageur (Michigan) project and a ~5,000 m program at Lac Gayot (Québec).
  • Additional strategic actions include land‑lease consolidation in Michigan, appointment of a senior technical advisor, and plans for advanced ground SQUID geophysics across the Venus East Trend.

Key Details

  • 2025 Capital Raise: Over $8 M raised to fund exploration activities.
  • Public Listing: Completed TSX Venture Exchange listing (TSXV: PMI) in October 2025, adding >200 new shareholders.
  • Lac Gayot Discoveries:
  • Baseline Zone: 4 holes intersecting 4.03 % Ni, 0.69 % Cu, 0.12 % Co, and 1.86 g/t PGE over 2.1 m (blind discovery).
  • Nasique Zone: Expanded to > 60 m strike length and 90 m depth; mineralization intersected in all 9 additional holes.
  • Venus East Trend Definition: Identified a ~6 km × 2 km trend with 7 mineralized zones; primary focus for 2026 drilling and geophysics.
  • Michigan Land Consolidation: Executed lease agreement consolidating key targets within the Voyageur Project area; further consolidation planned in 2026.
  • Technical Advisor Appointment: Dr. Mark Bennett (former advisor on C$1.8 B Nova Bollinger nickel mine) hired as Strategic Technical Advisor.
  • 2026 Exploration Plans – Voyageur (Michigan):
  • Maiden drill program targeting 2,000–3,000 m to test magmatic intrusive‑hosted Ni‑Cu‑Co‑PGE mineralization on newly consolidated land ~70 km west of the Lundin‑Talon Eagle nickel mine.
  • 2026 Exploration Plans – Lac Gayot (Québec):
  • Approx. 5,000 m drill campaign to extend Baseline and Nasique zones, test strike/down‑plunge extensions, and pursue new geophysical/structural targets.
  • High‑resolution ground SQUID survey across the entire Venus East Trend in early 2026 to locate blind conductive bodies.
  • Regional prospecting and mapping of the northern Venus Greenstone Belt for additional target generation.
  • Corporate & ESG Focus: Commitment to a strong balance sheet, minimal dilution, rigorous ESG standards, and engagement with Indigenous groups and local communities across Québec, Ontario, and Michigan.
  • Earn‑In Milestones: Aim to complete 100 % earn‑in on the Voyageur 70,000‑ha lease package (Michigan) and Lac Gayot 17,000‑ha claims (Québec).

Notable Quotes

“2025 was a year of pivotal growth and validation for Perseverance Metals… we transitioned from a private explorer to a publicly traded company and immediately demonstrated the potential of our assets…” – Michael Tucker, CEO
“As we look to 2026, we are excited to expand on these successes with aggressive drill programs… delivering significant and sustainable, long‑term value through the drill bit.” – Michael Tucker, CEO

Read the original news release →

More from Perseverance Metals Inc.

Nov 03, 2026 · 06:31

Perseverance acquires 13,000 acres at its Voyageur Nickel Project ahead of key drilling at the Osprey deposit.

Drill Results Oct 28, 2026 · 07:32

Perseverance secured critical acreage around the Osprey discovery to de-risk the future preliminary economic assessment.

M&A / Property Oct 05, 2026 · 07:30

Perseverance raises $11.8m to fund drilling at its Voyageur and Lac Gayot projects.

Financings Oct 02, 2026 · 17:56

Perseverance secures $11.8m financing to fund drilling at its Voyageur project, addressing dilution concerns while advancing exploration efforts.

Financings Sep 15, 2026 · 07:31

Perseverance raised C$8m to fund drilling at its Voyageur and Lac Gayot projects amid momentum from a new nickel-copper discovery.

Financings Sep 09, 2026 · 07:31

Perseverence’s Voyageur project confirms an Eagle-style intrusion target, though laboratory assay grades are not yet available.

Drill Results