Metals Creek Receives 1st Anniversary Payment for the Yellow Fox Property from Lomiko Metals and Adds Claims to Agreement

The most recent news release (February 10, 2026) confirms that Metals Creek has received the first anniversary payment from Lomiko Metals Inc. for the Yellow Fox Property. This includes $23,125 in cash and 889,423 common shares of Lomiko (deemed value $115,625). Additionally, the agreement was amended to add 51 claim units, expanding the property to 2,725 hectares. Parallel to the payment, the company reported re-analysis results for 7 soil samples targeting Rare Earth Elements (REE). Highlights include Total Rare Earth Elements (TREE) ranging from 1,697 ppm to 5,176 ppm (0.52%), with significant concentrations of Neodymium (Nd), Praseodymium (Pr), and Dysprosium (Dy). These results suggest a new REE discovery potential within the Mount Peyton monzogranite.

• Cash and Equity Influx: The receipt of ~$138k in combined cash and equity is material for a company that reported just $26k in restricted cash in its last interim financial statement (Sept 2025). This liquidity, combined with the $100k cash from the Tillex sale (Jan 22, 2026), significantly improves the short-term working capital position.
• Strategic Pivot: The discovery of REE adds a high-value commodity dimension to a property previously valued for Antimony and Gold. Since Lomiko is funding the exploration to earn 100%, Metals Creek benefits from "free" exploration upside while retaining a 2% NSR and a significant equity stake in the partner.
• Validation of Project Generator Model: The successful monetization of Tillex and Yellow Fox demonstrates management's ability to extract value from non-core assets to focus on the flagship Ogden Gold Project.
• Misses: The REE results are based on a very small sample size (7 soil samples). While anomalous, soil samples are early-stage indicators and do not confirm the presence of an economic ore body.

Metals Creek is a Canadian junior exploration company using a "Project Generator" model. - Flagship Project: Ogden Gold Project (Timmins, Ontario). This is a 50/50 Joint Venture with Discovery Silver Corp (Metals Creek is the operator). The project covers 8km of the Porcupine-Destor Break. - Secondary Projects: Tillex (85% interest recently sold for cash/shares/NSR), Yellow Fox (Optioned to Lomiko), and Careless Cove (Antimony/Gold discovery in NL).