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M&A / Property

Perseverance Metals Leases 1,286 Hectares Within the Voyageur Nickel-Copper-Precious Metals Project, Michigan and Provides an Update on Lac Gayot and AGM Results

By The Northwire Desk — AI Analysis Dec 18, 2025 · 07:32 PMI · 0.43 Perseverance Metals Inc.
PMI · Price

Executive Summary

  • Perseverance Metals executed a lease agreement for 1,286 hectares of mineral titles in Michigan’s Upper Peninsula, expanding its total land position to 69,275 hectares.
  • The newly acquired Keweenaw leases are located within the Voyageur project area, adjacent to Lundin Mining’s Eagle nickel‑copper‑precious metals mine, and will support drill testing planned for the first half of 2026.
  • The Company reported results of its Annual General Meeting, including unanimous election of five directors and approval of the Equity Incentive Plan and appointment of a new auditor.

Key Details

  • Lease Agreement
  • Parties: Perseverance Metals Inc. and Keweenaw Land Association Ltd.
  • Area leased: 1,286 hectares (≈12.86 km²).
  • Total land position after lease: 69,275 hectares (≈690 km²) in the Upper Peninsula of Michigan.

  • Location: Within the Voyageur project land package, ~70 km west of Lundin Mining’s Eagle mine.

  • Strategic Significance

  • Consolidates holdings around top‑priority drill targets on the Voyageur project.
  • Enables rapid advancement of projects post‑discovery.

  • Supports planned drilling campaigns in H1 2026 targeting analogues to the Eagle nickel‑copper‑precious metals deposit.

  • Annual General Meeting (AGM) – December 5, 2025

  • Shares voted: 9,545,655 common shares (33.2% of issued & outstanding).
  • Directors elected unanimously: Michael Joseph Gray, Andrew Kaip, Filip Papich, Edie Ellen Thome, Michael John Tucker (CEO).
  • Auditor appointment: De Visser Gray approved 100%.

  • Equity Incentive Plan: Approved by 93.9% of votes.

  • Lac Gayot Project Update

  • Assay results from the summer/fall 2025 drill program remain pending; full results will be released once available.

Notable Quotes

“We are very pleased to be able to add such a strategically important land position to the most highly prospective areas within the Voyageur project area. Consolidating our holdings around our top priority drill targets is crucial, as it allows us the flexibility to rapidly advance these projects post‑discovery.” – Michael J. Tucker, CEO & Director

All forward‑looking statements are subject to risks and uncertainties detailed in the release.

Read the original news release →

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