SLAM Acquires New Copper Nickel Cobalt Showing Adjacent to Goodwin

The most recent news (March 11, 2026) announces the acquisition of the Mount Raymond Property, a copper-nickel-cobalt showing adjacent to the flagship Goodwin Project. This expands the project area to 12,500 hectares. Simultaneously, the company reported the completion of an 850 km VTEM airborne survey, which identified electromagnetic conductors associated with the known Granges, Logan, and Farquharson zones. This follows a series of positive exploration updates, including soil samples at the Jake Lee gold project (March 2, 2026) and a significantly upsized private placement of $2.034 million (February 20, 2026).

The news is Routine - Positive. While the acquisition of Mount Raymond is strategic and consolidates a 25-kilometer mineralized belt, it is an incremental expansion rather than a discovery of a new system. The VTEM results are "in line with expectations," confirming that the known mineralized zones have geophysical signatures that can be traced. - Exploration Momentum: The company has successfully transitioned from "assays pending" (late 2025) to active target generation for the 2026 season. - Financial Stability: The recent $2M+ financing is a material improvement over the tight cash position seen in early 2025, providing the "dry powder" necessary for the upcoming 2026 drill campaign. - Project Synergy: The acquisition adds a documented showing (0.43% Cu, 0.12% Ni) which, while lower grade than the 2024 discovery hole (GW24-02), increases the probability of finding a larger, continuous deposit.

SLAM Exploration is a New Brunswick-focused explorer. Its flagship is the Goodwin Copper-Nickel-Cobalt Project in the Bathurst Mining Camp. - Flagship Highlight: Hole GW24-02 (64.90m of 2.19% Cu-Eq). - Secondary Focus: Jake Lee and Menneval Gold projects, which provide precious metals exposure. - Model: Project generator (retaining NSRs and receiving cash/shares from partners like Nine Mile Metals and Puma Exploration).