Metallic Minerals continues fieldwork in Yukon

Executive Summary

• Metallic Minerals reports the completion of $8 million of financing (August 2024) and outlines an aggressive 2025‑2026 exploration and royalty development program across its Yukon alluvial gold/silver portfolio and Keno silver project.
• New drilling, geophysical surveys, and test‑mining agreements at Australia Creek, Dominion Creek, South Keno, and the Keno Silver project are intended to expand royalty revenues in 2025 and grow a bulk‑tonnage resource base for 2026 onward.
• The company announced a collaboration with Columbia University professor Dr. Greeshma Gadikota to study rare‑earth and PGM recovery at its La Plata (Colorado) project, adding critical‑metal potential to the asset’s economics.

Key Details

• Financing: $8 million raised by end‑August 2024 from existing shareholders, management, board members, strategic investors including Newmont Corp.
• Royalty Portfolio – Australia Creek:
• Completed a 30‑hole sonic drill program earlier in 2025; new 25‑hole drill program and passive seismic surveys started September 2025 targeting additional gold zones.
• Two royalty agreements already in place; expects record royalty revenues from 2025 mining season.
• Royalty Portfolio – Dominion Creek:
• New exploration agreement signed with an experienced operator to commence test mining and infrastructure development.
• Follow‑up drilling & geophysical work planned for late 2025/early 2026.
• South Keno Alluvial Property (24.2 km²):
• Ongoing RC drilling, resistivity surveys, mapping, and sampling.
• Preliminary drill results show economic gold values; additional drilling slated for early 2026.
• Keno Silver Project – Resource Update:
• 2024 inferred resource: 18.2 M oz Ag‑eq at 223 g/t Ag‑eq (120 g/t Ag, 0.10 g/t Au, 0.80 % Pb, 1.77 % Zn).
• 11 targets with positive drill results; 40 additional undrilled high‑prospectivity targets identified.
• Field programs in 2025 include detailed mapping and rock/soil sampling to prep a robust 2026 drill campaign aimed at expanding resources and testing new discoveries.
• Hecla Mining Context: Hecla’s Keno Hill mine reported first‑quarter positive free cash flow; recent drilling shows high‑grade extensions up to 1,250 g/t Ag over 3.8 m, confirming vertical continuity that supports Metallic’s adjacent project potential.
• La Plata Project – Critical Minerals Collaboration:
• Partnership with Dr. Greeshma Gadikota (Columbia University) to investigate extraction of REEs, gallium, scandium, tellurium, and PGMs from the Colorado deposit.
• Prior release (May 2025) identified significant REE potential, adding strategic value for U.S. critical‑metal supply chains.
• Upcoming Investor Events (2025‑2026): Participation scheduled at Red Cloud Fall Mining Showcase (Toronto), Precious Metals Summit (Zurich), AEMA annual meeting (Nevada), VRIC 2026 (Vancouver), AMEBC Round Up (Vancouver), PDAC 2026 (Toronto), and Swiss Mining Institute Conference (Zurich).

Notable Quotes

• “These initiatives are designed to build on our near‑term gold and silver production from Yukon alluvial royalties while continuing to expand our copper, silver and critical mineral resources at our flagship Keno silver and La Plata projects.” – Greg Johnson, CEO & Chairman
• “Metallic Minerals' diversified U.S. and Canadian portfolio offers a rare combination of royalty income, production growth and discovery potential heading into 2026.” – Greg Johnson, CEO & Chairman