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

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