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Abitibi Metals (OTCQB:AMQFF) announced a non‑brokered financing of up to C$30,752,228 to advance the B26 polymetallic deposit and strengthen its balance sheet. Discovery Silver is expected to acquire ~9.9% of issued common shares and to enter a participation agreement with customary investor rights.
The financing includes 11,764,706 charity flow‑through shares at C$0.85 and 35,779,704 hard‑dollar shares at C$0.58. Proceeds: flow‑through funds for eligible Québec exploration expenses; hard‑dollar funds for exploration, development, and corporate purposes. Transaction subject to regulatory approvals and a four‑month plus one‑day hold period.
Abitibi Metals (OTCQB: AMQFF) reported Phase 3 and Phase 4 drill results at the B26 deposit on April 7, 2026, highlighting a western down-plunge step-out that intersected 1.81% CuEq over 15 m including 2.71% CuEq over 7 m and a peak of 4.52% CuEq over 2 m. Step-out holes extend mineralization beyond the 2024 model and confirm dark chlorite alteration continuity, supporting further drilling and resource growth.
To date 8,232 metres have been completed; the company plans 40,000 metres in 2026 and holds an 80% interest in B26 in JV with SOQUEM (20%).
Abitibi Metals (OTCQB: AMQFF) has exercised the B26 option early to secure 80% ownership of the high-grade B26 copper-gold polymetallic project in Quebec and will act as project operator.
The company reports a 124% increase in Mineral Resource Estimate in under three years and a fully funded 40,000-metre 2026 drill program to expand resources, infill key zones and test regional targets.
Abitibi Metals (OTCQB:AMQFF) reported a 124% increase in total mineral resources at the B26 deposit, now totaling more than 25 million tonnes after updated estimates effective Jan 1, 2026. Indicated resources equal 13.0 Mt at 2.1% CuEq; Inferred resources are 12.3 Mt at 2.2% CuEq. The estimate uses 356 drill holes (172,164 m) and conservative underground cut-offs; contained copper rose 40% and gold 22%. A fully funded 40,000‑metre Phase 4 drill program is underway, with winter drilling of ~15,000–20,000 m continuing through 2026.
Abitibi Metals (OTCQB: AMQFF) reported a materially larger 2026 mineral resource at the B26 deposit: 13.0 Mt indicated @ 2.1% CuEq and 12.3 Mt inferred @ 2.2% CuEq. Contained metals rose across copper, gold, silver and zinc versus the 2024 MRE. A fully funded 40,000-metre 2026 drill program is underway, and mineralization remains open laterally and at depth.
The estimate uses conservative metal prices and NI 43-101 methods; resources are not mineral reserves and do not demonstrate economic viability.
Abitibi Metals (OTCQB: AMQFF) reported a new high-grade intercept at the B26 deposit: 12.83% CuEq over 5 m (6.15% Cu, 7.93 g/t Au) within 3.59% CuEq over 19 m starting at 913 m. Using current spot prices the 5 m interval equates to 18.15% CuEq. Phase 3 (completed Dec 2025) totaled 24,544 m across 40 holes and defined a continuous high-grade zone ~250 m vertical by ~500 m lateral, open at depth and along strike. Additional holes extended mineralization 250 m down plunge; three assays remain pending. Abitibi holds a 50% interest in B26 with an option to earn an extra 30% from SOQUEM.
Abitibi Metals (OTCQB: AMQFF) reported Phase 3 drilling results at the B26 deposit on January 22, 2026, highlighting a high-grade intercept in Hole 1274-17-269W6 of 12.83% CuEq over 5.0 m (6.15% Cu, 7.93 g/t Au) within 3.59% CuEq over 19 m, starting at 913 m. Using spot metal prices this equals 18.15% CuEq over 5 m. Phase 3 completed 24,544 m across 40 holes; three hole results are pending. Drilling extended the western down-plunge high-grade zone vertically ~250 m and laterally ~500 m, and two holes (1274-25-374W1/W2) added a 250 m down-plunge extension. Existing resource: 11.3 Mt @ 2.13% CuEq (Indicated) and 7.2 Mt @ 2.21% CuEq (Inferred). Phase 4 drilling has begun, targeting further expansion.
Abitibi Metals (OTCQB: AMQFF / CSE: AMQ) appointed David Bernier as Chief Operating Officer effective January 15, 2026. Bernier brings over 30 years of mine development and operations experience across Canada and led advancement of the McIlvenna Bay polymetallic deposit from feasibility to construction. His background includes senior roles at Foran Mining, Pan American Silver, Dumas Contracting, KGHM and Glencore, with expertise in permitting, mine design, Indigenous engagement, and execution planning. The company granted 400,000 incentive stock options exercisable at $0.55 for five years, vesting per company policy.
Abitibi Metals (OTCQB: AMQFF) launched a large-scale Phase 4 drill program at the B26 polymetallic deposit targeting up to 40,000 metres of drilling during 2026. The winter phase plans ~15,000–20,000 metres, starting with one rig and expanding to three rigs by mid-February 2026. The company holds 50% of B26 and can earn an additional 30% from SOQUEM. Phase 4 targets resource improvement, resource expansion, and the first regional discovery drilling at B26. Funding is secured through 2027. Prior high-grade intercepts cited include 17.91% CuEq over 6.3m and 3.93% CuEq over 11.0m. Phase 3 assays remain pending.
Abitibi Metals (OTCQB: AMQFF) issued a year-end shareholder letter outlining 2025 progress and 2026 plans. Key highlights include a 17.91% CuEq over 6.3 m intercept at the B26 copper-gold project, securing a 50% interest with a clear path to 80% ownership, and completing 21,828 m of Phase 3 drilling.
The company raised C$16.1 million/b) in warrant-free bought-deal financings and says it is funded for a planned Phase 4 program in 2026, plus delivery of a scoping study and an updated resource estimate at B26.