Exploration Update: Radius Advances Tierra Roja Permits and Reviews Project Portfolio

On January 21, 2026, Radius Gold provided a portfolio update covering its assets in Peru, Mexico, and Guatemala. - Tierra Roja (Peru): The company states it has achieved "progress" regarding permitting and is "nearing completion" of key approvals. However, no specific date for the commencement of drilling was provided, merely a statement that the project is "well positioned." - Amalia (Mexico): The release re-highlights historical drilling results from the 2019-2022 campaign (specifically hole AMDD-066: 13.55m at 10.25 g/t Au). It mentions ongoing discussions regarding joint venture opportunities for this asset. - Holly (Guatemala): The company reiterated the existing Inferred Resource (1.32 Mt at 6.46 g/t Au) but announced no new field activities.

This release is Neutral with a negative undertone regarding timing. - Hidden Delay: In October 2025, management expected final authorization for Tierra Roja by "early November 2025." It is now late January 2026, and they are still "nearing completion." This confirms a material delay in the bureaucratic process in Peru (specifically the final access waiver for unoccupied land). - Distraction Tactics: The inclusion of 2022 drill results from Amalia serves as fluff to bulk up the news release. While the grades at Amalia are excellent, reminding the market of them now does not change the fundamental fact that the project is currently dormant pending a partner. - Status Quo: The company remains in a holding pattern. The stock is unlikely to move significantly on this news as it neither confirms a drill start nor announces a fatal flaw, merely a continued wait.

Radius Gold is a project generator and exploration company focused on the Americas. - Flagship (Current Focus): Tierra Roja (Peru). A copper oxide prospect in the Southern Peru Copper Belt. The thesis relies on high-grade surface mineralization (up to 2% Cu) and geophysical anomalies suggesting a porphyry or IOCG system. It has never been drilled. - Secondary (Proven): Amalia (Mexico). A high-grade epithermal gold-silver project. Previously optioned to Pan American Silver, who funded significant drilling but returned the project. It holds significant proven high-grade intercepts but requires a new partner to advance. - Tertiary: Holly (Guatemala). High-grade gold-silver resource. Stalled historically due to social/community issues, though recent updates suggest improved relations.