Sirios Announces Its Fully Funded 2026 Exploration Program

The most recent news (April 1, 2026) confirms that Sirios is launching a massive, fully funded 2026 exploration program. The centerpiece is 25,000 meters of expansion drilling at the flagship Cheechoo Gold Project. This follows the successful $25 million LIFE financing closed in March 2026 and the strategic acquisition of OVI Mining. The program aims to update the Mineral Resource Estimate (MRE) and provide the data necessary for a Preliminary Economic Assessment (PEA) targeted for H1 2027. Additionally, the company is advancing the Aquilon project (with partner Sumitomo), the PLEX project, and the Fagnant project.

The news is Routine - Positive. While the scale of the 25,000m program is significant, it is the direct execution of the strategy outlined during the $25M financing and the OVI Mining merger announced in late 2025/early 2026. - Resource Growth: The 25,000m program specifically targets the "exploration target" of 31–40 Moz (conceptual), which, if even partially converted, would materially re-rate the company. - Validation: The transition from a cash-strapped explorer (having only $2.4M in Dec 2025) to a well-funded developer with $25M in fresh capital is a major structural shift. - Strategic Alignment: The involvement of the "Osisko ecosystem" (via Sean Roosen joining the board) provides technical and financial credibility that the company previously lacked.

Sirios focuses on the Eeyou Istchee James Bay region of Quebec. - Flagship: Cheechoo Gold Project. 100% owned, located near the Éléonore mine. - Current Resource (2025): 1.3 Moz Indicated (1.12 g/t) and 1.7 Moz Inferred (1.23 g/t). - Key Feature: Low strip ratio (2.9:1) and a newly identified underground component (446k oz @ 3.09 g/t).