TORONTO, July 15, 2026 (GLOBE NEWSWIRE) -- Mink Ventures Corporation (TSXV:MINK) ("Mink" or the "Company") today announced it has optioned the Rankin Critical Minerals Project from 2681891 Ontario Inc. The Rankin property is comprised of four (4) cell claim units covering approximately 86 hectares spanning both Massey and Turnbull Townships. The Rankin Property is located west of Timmins, Ontario approximately 6.5 kilometers to the northeast of Mink's Warren property within the Kam Kotia gabbro complex which is highly prospective for Ni, Cu, Co (Figure 1).
The Rankin property hosts two high priority VTEM Maxwell Plate targets associated with a coincident gravity high (Figures 2&3). These conductive anomalies warrant drill testing for potential Ni, Cu, Co mineralization. The property is drill ready and permitted. Recent work by Mink on similar targets at Warren has shown that targeting of VTEM Maxwell Plates can be an effective technique for evaluating sulphide bearing conductors that have the potential to host nickel copper cobalt mineralization.
Access to the Rankin property is excellent with easy summer and winter access along an established logging road. It is anticipated that the Rankin property anomalies will be drill tested in April of 2027 after completion of Mink's drill programs at its Montcalm property and the completion of the Phase 3 drilling at its Warren property.
The Company may acquire a 100% interest in the Rankin claims by making the cash payments and share issuances to the Optionor detailed in the table below, and by granting the Optionor a 2% NSR with respect to the claims, with Mink retaining the right to buy back 1% of the NSR for $1,000,000.
Payment | Due Date | Cash | Shares |
(a) | Within five (5) Business Days of the Effective Date | $15,000 | 225,000 common shares |
(b) | On or before the first anniversary of the Effective Date | $30,000 | 325,000 common shares |
(c) | On or before the second anniversary of the Effective Date | $45,000 | 500,000 common shares |
(d) | On or before the third anniversary of the Effective Date | $85,000 | 700,000 common shares |
Total | $175,000 | 1,750,000 common shares | |
Qualified Person:
Mr. Kevin Filo, P. Geo. (Ontario), is a qualified person within the meaning of National Instrument 43-101. Mr. Filo approved the technical data disclosed in this release. Mr. Filo is an officer and director of the Company.
Figure 1: Mink Property Location Map:
Figure 2: Rankin Project – VTEM
Figure 3: Rankin Project – Gravity Map
About Mink Ventures Corporation:
Mink Ventures Corporation (TSXV:MINK) is a Canadian mineral exploration company exploring for critical minerals in Ontario, Canada. It has a prospective, nickel copper cobalt exploration portfolio, with its Montcalm project, which now covers approximately 104 km2 adjacent to Glencore's former Montcalm Mine with historical production of 3.93 million tonnes of ore grading 1.25% Ni, 0.67% Cu and 0.051% Co (Ontario Geological Survey, Atkinson, 2010), as well as its 11 km2 Warren Ni Cu Co Project. These complementary nickel copper cobalt projects have excellent access and infrastructure and are in close proximity to the Timmins Mining Camp. The Company has 41,447,296 common shares outstanding.