Business
Transition Metals Commences Follow-up Drilling at Saturday Night PGM Project amid Strengthening Platinum Markets
Sudbury, Ontario--(Newsfile Corp. - November 10, 2025) - Transition Metals Corp. (TSXV: XTM) (" T...
About this update from Transition Metals Corp.
[{"type":"text","content":"Transition Metals Commences Follow-up Drilling at Saturday Night PGM Project amid Strengthening Platinum MarketsSudbury, Ontario--(Newsfile Corp. - November 10, 2025) - Transition Metals Corp. (TSXV: XTM) (\"Transition\" or the \"Company\") is pleased to announce that it has resumed drilling at the Company's 100%-owned Saturday Night Project, located approximately 30 kilometres northwest of Thunder Bay, Ontario, (Figure 1). The program is designed to follow up on encouraging results reported earlier in the year that returned assays up to 1.44 g/t Pt, 0.90 g/t Pd, 0.21 g/t Au (collectively 2.55 g/t 3E PGM) along with 0.12% Ni and 0.46% Cu within a 14.00 metre interval grading 1.04 g/t 3E PGM and 0.19% Cu (see Transition Metals' news release of February 28, 2025, and March 26, 2025). The new drilling will target additional zones along the basal contact of the Saturday Night Intrusion to further assess the PGM-nickel-copper potential of this large, critical-element-enriched system. A ground magnetotellurics (MT) survey conducted by Transition in 2019 indicated that the Saturday Night Intrusion appears open in all directions, potentially extending to a depth of up to 1,000 metres (see Transition Metals' news release of May 6, 2019). Figure 1: Saturday Night Property Location Map on Regional Total Field Magnetics To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2766/273767_95b721a8b4346ba3_001full.jpgCEO Scott McLean commented, \"Our goal with this program is to build on our previous exploration work at Saturday Night and extend hole SN-25-03, as well as test additional basal-contact targets. SN-25-03 ended within a thick sequence of rift-related gabbro, the same unit that hosts the longest and highest-grade intercepts at our nearby Sunday Lake discovery. This program aims to expand the footprint of mineralization and refine our understanding of the basal cumulate geometry and its potential to trap sulphide mineralization. We are excited to test this highly prospective target and look forward to updating the market once assays are returned.\"Strengthening PGM MarketsGlobal fundamentals for platinum group metals (PGMs) have strengthened notably through 2025, with platinum and palladium prices up more than 50% since May 2025. This renewed strength is driving investor interest and high...