Adamera Identifies Gold-Copper Porphyry Target at South Hedley, B.C. - Drilling Application Submitted

The most recent news release (February 18, 2026) identifies a 2 square kilometer magnetic anomaly at the South Hedley Project in British Columbia. The company has reinterpreted the "Max Prospect" not as an isolated gold-copper occurrence, but as the margin of a potential district-scale copper-gold porphyry system. Key geochemical data includes peak values of 1.61 g/t gold and 1,450 ppm copper in soil. Consequently, Adamera has submitted a Notice of Work (NoW) for induced polarization (IP) surveys and a drilling program slated for later in 2026.

The impact is Routine - Positive. While the identification of a large-scale porphyry target is technically significant for a company of this size, it follows a familiar pattern for Adamera: shifting focus between projects (Buckhorn 2.0 to Flag Hill South to South Hedley) as previous initiatives fail to generate a resource-defining discovery. - Exploration Logic: The pivot to a porphyry model at South Hedley is a strategic escalation in target size. - Materiality: The impact is limited by the company’s history of "drill-ready" targets that remain untested or produce mediocre results. The submission of a drilling application is a necessary administrative step, but not a guarantee of permitting or funding. - Comparison to Projections: In June 2024, the company projected testing 15-20 targets at Buckhorn 2.0. By late 2025, the focus had shifted almost entirely to South Hedley, suggesting those earlier targets were deprioritized due to funding or poor preliminary results.

Adamera Minerals is a junior explorer focused on gold and copper in the Republic Gold District (Washington State) and the Hedley Gold Camp (British Columbia). - Flagship Project: The focus has shifted to the South Hedley Project (B.C.), a 20,000-hectare land package located near the historic Nickel Plate Mine. The project is currently at the "target definition" stage. - Secondary Assets: Buckhorn 2.0 and Flag Hill South (Washington). Drilling at Flag Hill South in 2024/2025 yielded narrow intervals (e.g., 2.2m @ 1.8 g/t Au), which failed to sustain investor interest.