Business
Abitibi Metals Achieves Early Exercise of B26 Option, Securing 80% Ownership of the High-Grade Copper-Gold Project in Quebec
HighlightsEarly exercise of the B26 option secures 80% ownership, positioning Abitibi Metals as majority owner and operator of the high-grade copper-gold polymetallic projectMineral Resource Estimate has grown 124% in less than three years, highlighting the expanding scale and growth potential of the B26 systemFully funded 40,000-metre drill program underway in 2026, the largest in the Company's history, targeting resource expansion, infill drilling and regional exploration upsideLondon,...
About this update from Abitibi Metals Corp
[{"type":"text","content":"Highlights","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Early exercise of the B26 option secures 80% ownership, positioning Abitibi Metals as majority owner and operator of the high-grade copper-gold polymetallic project","length":164,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Mineral Resource Estimate has grown 124% in less than three years, highlighting the expanding scale and growth potential of the B26 system","length":138,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Fully funded 40,000-metre drill program underway in 2026, the largest in the Company's history, targeting resource expansion, infill drilling and regional exploration upside","length":177,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":479,"olType":false},{"type":"text","content":"London, Ontario--(Newsfile Corp. - March 12, 2026) - Abitibi Metals Corp. (CSE: AMQ) (OTCQB: AMQFF) (FSE: FW0) ("Abitibi" or the "Company") is pleased to announce the successful completion of the second phase of its option agreement with SOQUEM Inc. ("SOQUEM"). This milestone secures an additional 30% undivided interest in the high-grade B26 Polymetallic Deposit, increasing Abitibi's ownership to 80% and positioning the Company as the majority owner and operator of the project.","length":516,"tagName":"p"},{"type":"text","content":""This milestone marks a pivotal moment for Abitibi Metals Corp.," stated Jonathon Deluce, Chief Executive Officer of the Company. "By achieving the early exercise of our option and securing 80% ownership of the B26 Project, we have strengthened our position as majority owner and enhanced our ability to accelerate exploration and development. With a fully funded 40,000-metre drill program underway and a rapidly growing resource base, we are entering an important phase of growth as we work to unlock the full potential of this high-grade copper-gold system in the Abitibi Greenstone Belt."","length":612,"tagName":"p"},{"type":"text","content":""We would also like to sincerely thank SOQUEM Inc. and recognize their important role in advancing the B26 project prior to Abitibi's involvement," added Mr. Deluce. "Their technical expertise and long-standing presence in Québec laid an imp...