Welcome to our dedicated page for Puma Exploration news (Ticker: PUMXF), a resource for investors and traders seeking the latest updates and insights on Puma Exploration stock.
Puma Exploration Inc. (PUMXF) generates frequent news as it advances its precious metals exploration projects in Northern New Brunswick. Company updates often center on the Williams Brook Project and the McKenzie Gold Project, both located near the Rocky Brook Millstream Fault, a major regional structure associated with gold deposition. News releases describe surface sampling, trenching, channel sampling, and drilling programs that target gold-bearing quartz veins and structurally controlled mineralized zones.
Readers following Puma Exploration's news can expect detailed technical updates on work at the Lynx Gold Zone within Williams Brook, where channel sampling and drilling have identified high-grade gold intervals and visible gold at surface and depth. Additional coverage includes exploration results from the Jonpol Property, where sampling has returned notable gold and copper values along the Ramsay Brook Fault, and from the McKenzie Gold Project, where the RIM Gold Zone is being tested through trenching and an inaugural drilling program.
Beyond project-level exploration, Puma's news flow also covers corporate and financing developments. These include the Williams Brook option agreement with Kinross Gold Corporation, Kinross' subsequent equity investments in Puma through private placements, and Puma's DEAR strategy of Discovery, Exploration, Acquisition, and Royalties. Transactions involving the Chester and Turgeon projects, resulting in shareholdings and royalties, are also discussed in recent releases.
This news page aggregates Puma Exploration's publicly disclosed updates so investors and observers can review exploration progress, partnership milestones, financing activities, and strategic initiatives across the company's gold-focused portfolio in New Brunswick.
Puma Exploration (PUMXF) reported 2025 field results from Murray Brook Minerals' 100%-owned Legacy Project, northern New Brunswick. Surface grab samples returned up to 12.00% Cu, 152 g/t Ag and 1.15 g/t Au. A 2025 program of drone magnetics, trenching (17 trenches, 943 m) and 321 samples supports a broader multi-zone skarn system across ~630 ha.
The Legacy Deposit hosts a 930,000-tonne inferred resource at 0.66% Cu and 3.65 g/t Ag (US$10/t cut-off) per an independent technical report (effective Nov 28, 2025). Next steps: geophysics-guided drilling, 3D modelling, mapping, and additional trenching.
Puma Exploration (PUMXF) subsidiary Murray Brook Minerals received an updated NI 43-101 reporting an inferred resource of 930,000 tonnes grading 0.66% Cu (13.4M lbs Cu) and 3.65 g/t Ag (110,000 oz Ag) at the Legacy Project, effective Nov 28, 2025.
The deposit starts at surface, is contained within a Whittle pit shell at a US$10/t cutoff, and shows expansion potential below the pit. MBM closed a $250,000 FT private placement; Puma holds ~71.6% of MBM.
Puma Exploration (OTCQB: PUMXF) staked two new claim blocks totaling 379 claims (8,253 ha), expanding the McKenzie Gold Project to 42,053 ha on March 4, 2026. The northern block (~5,427 ha) secures ground adjacent to the Grog Gold Zone (grab samples to 9.21 g/t Au) and the southern block (~2,812 ha) adds ~5 km of the McKenzie Fault. Puma completed purchase of a regional office/core shack and finished an initial 43-hole, 2,721.5 m shallow drilling program at RIM; assays are pending.
Puma Exploration (OTCQB: PUMXF) outlined a fully funded $1.2M 2026 Exploration Program at its 33,800 ha McKenzie Gold Project in northern New Brunswick to expand the RIM and Grog zones, define structural controls, and produce drill-ready targets for fall drilling.
Highlights include 43 holes (2,721 m) completed at RIM in 2025, high-grade 2025 surface grabs (up to 126.96 g/t Au), a $460,000 purchase of regional facilities, Kinross increasing its stake to 14.8% and committing $3M to Williams Brook.
Puma Exploration (OTCQB: PUMXF) launched a Winter 2026 drilling program at the Williams Brook Gold Project under its option with Kinross Gold, planning ~12 diamond drill holes totaling >2,300 metres across the Jaguar and Lion gold zones.
The 2026 plan includes a $3 million second-year commitment, Kinross acting as operator, winter and summer field work, IP surveys, and follow-up drilling through August–September 2026.
Puma Exploration (OTCQB: PUMXF) closed the sale of the Murray Brook West Project to Canadian Copper (CSE: CCI) by receiving 1,179,090 CCI shares, completing CCI's 100% acquisition of the project.
Puma previously received $970,023 CAD cash and 23,951,040 Raptor Metals shares from related project disposals and now holds material equity positions and multiple NSR royalties.
Puma Exploration (OTCQB: PUMXF) reported 2025 drilling at the Lynx Gold Zone (Williams Brook) with 15 holes totaling 3,662 m. Key results include 5.11 g/t Au over 6.60 m (incl. 66.10 g/t Au over 0.50 m) and visible gold in 6 holes. The LGZ now extends ~800 m along strike, ~50 m wide and ~250 m deep and remains open. Kinross committed at least $3M for Year 2 and increased equity to 14.8%.
Puma Exploration (OTCQB: PUMXF) closed the sale of the Turgeon Project as part of a combined transaction with Raptor Resources and Canadian Copper on January 14, 2026. Puma received $970,023 CAD in total cash from the combined Turgeon and Chester transactions, 23,951,040 EMS shares and 9,101,799 performance rights, plus earlier received Canadian Copper shares. The Turgeon consideration specifically included $391,631 CAD cash and 18,750,000 EMS shares. Puma retains multiple NSR royalties and is planning a potential new public listing for Murray Brook Minerals (Puma owns 84%); that proposed listing remains conceptual with no certainty of completion.
Puma Exploration (OTCQB: PUMXF) closed a $2,000,000 private placement with Kinross Gold on December 24, 2025. Kinross subscribed for 12,500,000 units at $0.16 per unit, each unit consisting of one common share and one-half warrant.
Following the offering Kinross' stake rose from 9.1% to 14.8% undiluted (17.4% partially diluted); Kinross now holds 29,550,577 shares and 6,250,000 warrants. Warrants exercisable at $0.25 until December 24, 2027 with an acceleration trigger if the share price ≥ $0.40 for 30 consecutive trading days. Proceeds will fund exploration (non-optioned projects) and general corporate working capital. All securities subject to a four-month-and-one-day hold.
Puma Exploration (OTCQB: PUMXF) announced that Kinross increased its ownership from 9.1% to 14.8% (undiluted) by agreeing to purchase 12,500,000 units at $0.16 per unit for proceeds of $2,000,000 in a non‑brokered private placement closing on or about December 24, 2025, subject to regulatory approvals.
Each unit includes one common share and one‑half warrant (total 6,250,000 warrants) exercisable at $0.25 for 24 months; Kinross will hold 29,550,577 shares and 6,250,000 warrants after closing and may increase its stake up to 19.9% under the investor rights agreement.
Proceeds will fund exploration on Puma projects (not optioned to Kinross); Williams Brook activity included >3,600m drilled, a 50m LGZ extension and 300m depth of mineralization with a Year 2 $3M funded program planned.