Vancouver – TheNewswire - October 21, 2026 – Absolutely Critical Resources Corp. (“ABC” or the “Company”) (TSXV: ABC), wishes to provide a follow-up to its update announced on October 13, 2026.
The Company is moving forward with diamond drilling on its Mary Ann’s Lake Zinc/Copper/Silver Project – Cape Breton, Nova Scotia and its Massey Nickel/Copper Project – Timmins, Ontario. Two holes have been completed on the Mary Ann’s Lake project. Core is being logged and prepared for delivery to the lab for assaying. A separate drill contract has been signed regarding drilling of the Massey project which is expected to be commenced in mid November 2026. Further updates will be provided as the work progresses.
The Company’s interim financial statements and MD&A for the first three months of its current fiscal year ended August 31, 2026 (Q1) will be filed on or before October 30, 2026. In order to preserve capital for exploration work on the Company’s projects, the directors have unanimously agreed that no directors and management fees would be paid or accrued for Q1.
James Tworek has tendered his resignation as a director of the Company, advising that other business undertakings require greater focus and time commitments. The Company thanks Mr. Tworek for his past services and wishes him well in his other endeavours.
The Company expects to hold its annual general meeting on or about January 11, 2027, and will provide further particulars when arrangements are completed.
Douglas Hunter, P.Geo., a director of the Company, is a Qualified Person (QP) under NI 43-101 and has provided and has approved the technical information contained in this press release.
For more information on the Company and its projects, investors should review the Company's filings on SEDAR+ at www.sedarplus.ca and its website at https://abccriticalresources.com.
On behalf of the Board of Directors,
John F. O’Donnell, Chairman and CEO
john@odonnell-law.ca
(647) 966-3100
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release and the presentation contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward-looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee" or similar words suggesting future outcomes or statements regarding an outlook. Such statements include, among others, the Company’s proposed exploration plans and its anticipated annual general meeting of shareholders. Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management's expectations regarding its ability to raise financing and complete its proposed work programs, and receipt of further grant proceeds. Actual results could differ materially due to a number of factors, including, without limitation, regulatory issues, financing opportunities, and market conditions. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company's securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.
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