Abitibi Metals Corp

Abitibi Metals Corp. is a Canadian exploration and development company advancing the B26 Copper-Gold Deposit in Quebec’s Abitibi Greenstone Belt, one of the world’s premier mining jurisdictions. With a 2024 resource outlining 11.3 million tonnes at 2.13% CuEq Indicated and 7.2 million tonnes at 2.21% CuEq Inferred, B26 is emerging as a significant polymetallic system with strong potential for continued growth. Containing more than 550 million pounds of copper, 340 million pounds of zinc, 370,000 ounces of gold, and 13 million ounces of silver, the project offers broad exposure to multiple commodities aligned with long-term global demand trends.

Originally explored by SOQUEM, B26 has benefited from more than 129,000 metres of drilling and over $20 million in historical investment, yet remains early in its modern development. Abitibi Metals became the first public company to advance the asset since the late 1990s, immediately delivering a 63% resource expansion in 2024. Supported by exceptional infrastructure - including a 120 kV power line, road access, and nearby grid capacity - the project is well positioned for low-cost exploration and future development.

The company is listed on the CSE (AMQ), OTCQB (AMQFF), and FSE (FW0), and is backed by more than C$14 million in working capital, ensuring consistent progress through its multi-year exploration plan. Led by a technically strong and capital-markets-savvy team, Abitibi Metals is focused on realizing the full value of B26 and advancing it toward becoming one of Quebec’s next major copper-gold development opportunities.

Abitibi Metals offers investors a high-upside opportunity centered on the rapid growth and strong economics of the B26 deposit. High-grade drill results - including 2.5% CuEq over 61.3 metres and 3.9% CuEq over 21.8 metres - demonstrate robust continuity and thickness typical of large VMS systems, while multiple zones remain open at depth and along strike. These results support Abitibi’s view that B26 can evolve into a substantially larger mineralized system with meaningful future scale.

The company’s valuation remains highly compelling. Abitibi trades at an EV of just C$0.03 per pound of CuEq, significantly below the peer average of ~C$0.13. With an in-situ metal value of more than C$5.3 billion, the current valuation highlights significant re-rating potential as further drilling, economic analysis, and de-risking milestones are completed. Upcoming catalysts- including a resource update and the launch of a Preliminary Economic Assessment (PEA) are expected to materially enhance the project’s technical profile and narrow the valuation gap.

Located in Quebec, a top-tier mining jurisdiction recognized for infrastructure, permitting stability, and government support - Abitibi Metals benefits from a low-risk environment and access to experienced labour. Its strategic partnership with SOQUEM adds further technical depth and financial strength. As demand for copper accelerates alongside electrification and renewable energy expansion, Abitibi offers leveraged exposure to key metals with a clear path toward long-term value creation.

Abitibi Metals Corp. is supported by a highly experienced leadership team with strong backgrounds in exploration, project development, and capital markets. CEO & President Jon Deluce, a CPA with more than a decade of experience in financing and corporate development, has built the company’s capital strategy and secured multiple strategic partnerships. His extensive network and negotiation experience have been instrumental in advancing B26 and attracting long-term shareholders.

Financial management is led by CFO Eric Myung, a CPA with expertise in financial reporting and compliance, ensuring disciplined capital allocation and cost-efficient operations. Together, they maintain Abitibi’s industry-low G&A structure and rigorous financial oversight.

Technical strategy is driven by EVP Laurent Eustache and VP Exploration Louis Gariépy, both seasoned professionals with decades of experience in the Abitibi region and global mining districts. Eustache brings a strong combination of geological insight and investment experience, while Gariépy’s track record includes major discoveries and leading exploration programs that resulted in significant corporate transactions. Their combined expertise underpins the development of a robust geological model integrating VMS and orogenic gold systems.

Abitibi Metals is advancing a multi-year strategy focused on resource expansion, project de-risking, and preparing B26 for economic evaluation. The company is fully funded through 2027, enabling over 45,000 metres of drilling aimed at improving the grade profile within the deposit’s core zones and extending mineralization at depth. Early results from the 2025 program show strengthening grades and continuity, supporting the potential for a larger high-grade resource.

A second key pillar of the strategy is the use of advanced exploration tools, including VTEM surveys, down-hole geophysics, oriented core analysis, and gravilog systems. These technologies have already identified new high-priority targets along an 8.3-kilometre trend surrounding the main deposit. Through systematic targeting and refinement, Abitibi aims to build a pipeline of discoveries that complement and potentially expand the existing resource envelope.

The company also plans to complete an updated resource estimate followed by a Preliminary Economic Assessment (PEA), which will outline preliminary project economics and development scenarios. Excellent local infrastructure and low drilling costs - averaging C$250 per metre - help reduce capital intensity and accelerate timelines. While the company remains focused on organic growth, it is also open to strategic partnerships that could enhance long-term development options.

Together, these initiatives support Abitibi’s goal of positioning B26 as one of Quebec’s next major copper-gold development projects and a future high-value target for strategic investors or acquirers.

Abitibi Metals maintains a strong financial foundation, supported by approximately C$14 million in working capital and a tight capital structure of roughly 153 million shares outstanding. This financial strength enables the company to carry out its ongoing exploration and development plans without relying on immediate additional financing. With minimal warrant overhang and low G&A costs, Abitibi preserves shareholder value while directing capital efficiently toward resource growth.

The 2024 resource estimate highlights significant economic potential, with more than C$5.3 billion in in-situ metal value and favourable grades across copper, zinc, gold, and silver. Despite this, the company trades at one of the lowest valuations among Canadian base-metal developers, at only C$0.03 per pound of CuEq, compared to peer averages several times higher. This valuation gap underscores the potential for a meaningful re-rating as exploration results continue to strengthen the project’s scale and grade distribution.

High metallurgical recoveries - 98.3% for copper and 90% for gold - support a favourable economic outlook for future studies. As the company advances toward a PEA, these strong recovery profiles, combined with growing tonnage and ongoing drill success, are expected to improve the project’s preliminary economics. Efficient cost management and access to supportive capital markets further enhance Abitibi’s ability to execute its strategy while maintaining financial stability.

Abitibi Metals Corp. is emerging as a significant new participant in the North American copper-gold sector, anchored by the rapidly advancing B26 deposit in Quebec. With a substantial resource base, high recoveries, and clear potential for continued expansion, B26 stands out as a high-quality polymetallic development opportunity in a top-tier mining jurisdiction. Strong infrastructure, a committed management team, and meaningful support from SOQUEM further enhance the project’s long-term prospects.

As the company progresses through continued drilling, resource growth, and economic evaluation, Abitibi Metals is well positioned for a material value re-rating. For investors seeking exposure to an undervalued, high-grade copper-gold asset with strong jurisdictional advantages and significant upside potential, Abitibi Metals presents a compelling opportunity. The company remains focused on disciplined execution, responsible development, and delivering sustained value to shareholders as B26 advances toward its next major milestones.