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Soil Geochemistry Confirms Large Porphyry System at Copper Springs in the Arizona Copper Triangle – Coyote Copper Mines Expands Land Package by 2,000 Acres

Toronto, Ontario–(Newsfile Corp. – August 5, 2026) – Coyote Copper Mines Inc. (TSXV: CCMM) (“CCMM” or the “Corporation”) is pleased to report the results of its Phase 1 and Phase 2 soil geochemistry program at the Copper Springs Project, located in Arizona’s prolific Copper Triangle. The program has delivered exceptionally strong copper (“Cu”) and molybdenum(“Mo”) anomalies, validating the large-scale 3D spectral IP inversion of CSEM-MT geophysical “donut” features announced on May 12, 2026.

In response to these results, CCMM has staked an additional 2,000 acres, increasing its total land position to 774 BLM mining claims. This encompasses approximately 16,000 acres (6,475 hectares or 65km2) of prime copper lands in Arizona.

CEO Dan Weir commented: “Both the copper and the molybdenum values were consistently much higher than we expected, outlining large anomalous zones. The soil samples also show the incredible potential of the Central Zone, which includes Santa Ana, the Maher zone, as well as indicating a significant footprint at Gibson and the areas surrounding the deep 3D spectral IP inversion of CSEM-MT “Donut” shape anomaly. The soil samples appear to validate the geophysics data, and together they suggest two large, porphyry copper systems: Central Zone and the Northwestern Area just north of the Gibson Mine.

Dan Weir also adds: “Unlike the adjacent Resolution Mine where mineralization begins at ~1,200 m depth, the Central Zone Targets are exposed at surface – evidenced by the mapping and channel sampling programs underway. This significantly reduces drilling costs, time to discovery and capital intensity of early exploration and is a rare advantage in a Tier-1 porphyry district. This alignment across geochemistry, geophysics, and geology significantly reduces exploration risk. The deep “donut” geophysics responses, large magnetic low, soil anomalies and preliminary geologic results in the Northwestern Area suggest the target is below the Pinal Schists, implying a preserved porphyry system at moderate depth closer to the property boundary with Resolution in the western half of the property.

Important points to note in this press release:

  1. The soil samples, both Copper and Molybdenum, values were higher than expected.
  2. The soil samples validate the Geophysics previously press released on May 12, 2026.
  3. We staked an additional 2,000 acres to the southeast due to the soil sample results.
  4. Coyote Copper is starting additional soil sampling, drone mag, and geophysics programs, focusing on the Northeast, and Southeast parts of the project.

Figures below compare the Magnetic / 3D spectral IP inversion of CSEM-MT geophysical surveys along side of the Copper soil samples



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Program Summary

Soil Sampling – Figures 1, 2 and 3:

  • 1,606 soil samples collected (Phase 1 & 2):
    • Program conducted January-April 2026
  • 880 additional samples planned for Phase 3:
    • 431 completed to date and delivered to Skyline Laboratories in Tucson, AZ
  • Remaining soils to be completed by the end of August
  • Sampling covers the Central Zone (Santa Ana-Maher), Gibson, and areas surrounding the large geophysical donut anomaly
  • Soil sampling is being done at 200m spacing:
    • Infill sampling at 100m and 50m spacing is being carried out as appropriate

Soil sampling provides a practical tool for prioritizing follow-up field geologic mapping/sampling.

Copper soil anomalies form broad, coherent kilometre-scale clusters rather than isolated highs. These clusters coincide with mapped alteration zones and the geophysical donut feature, indicating:

In the Central Zone:

  • A multi-kilometre porphyry – style hydrothermal footprint
  • Circular area of strong copper fertility across three kilometres
  • Near-surface mineralization consistent with the upper levels of a porphyry system

In the Northwest area:

  • Evidence of propyllitic alteration in the Pinal Schists
  • Evidence of copper – moly veins and specularite veining in the Pinal Schists
  • 2.5 Kilometre – long oval magnetic low

The presence of >1,000 ppm Cu in soils across several zones is highly significant in porphyry exploration, especially in areas with limited outcrop.

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Figure 1 – Copper (Cu) in soils

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The Central Zone exhibits a 3 km-diameter copper anomaly (values exceeding 500 ppm Cu) that contains two discrete 1 km-diameter molybdenum anomalies (values exceeding 15 ppm Mo). New targets have been identified, and follow-up sampling programs are being planned.

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Figure 2. Molybdenum (Mo) in soils

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Molybdenum anomalies are widespread and locally intense. Elevated Mo values (>10 ppm) are particularly important because Mo is:

  • A diagnostic indicator of porphyry copper systems
  • Typically associated with the deeper, more mineralized portions of porphyry intrusions
  • A strong predictor of system size and fertility

The combination of strong Cu and Mo anomalies across multiple zones materially strengthens the interpretation of a large, porphyry system – refer to Figures 1 (Cu in soils) and 2 (Mo in soils), and Figure 3 (additional soil sampling)

Copper concentrations across the 1,606 soil samples ranged from 2.6 ppm to 2,660 ppm (0.266%). A well-defined circular copper anomaly (3 by 3km) is centered on Santa Ana Zone, and which coincides with a shallow chargeability feature identified in historic geophysical data, and is related to a shallow donut outlined in the recent 3D spectral IP inversion of CSEM-MT.

Molybdenum values ranged from below detection limits to 59 ppm, averaging 3.24 ppm. Elevated concentrations occur in several other zones which correspond to surface mineralization.

The Central Zone Molybdenum-in-soils anomaly extends approximately 2 km × 1 km and corresponds to a Cu-Mo stockwork hosted in porphyry intrusives, Pinal Schist, and Madera Diorite. The vein assemblage is dominated by Type-J, Type-K, Type-L (quartz veins with chalcopyrite blebs), and BMQ (banded molybdenite-quartz) veins, is part of a well-developed Cu-Mo porphyry-related hydrothermal system.

In surface environments, copper is readily oxidized and mobilized, frequently producing supergene enrichment, whereas molybdenum remains relatively immobile under chemical weathering. Consequently, porphyry copper systems commonly display a molybdenum core enclosed by a copper halo in their geochemical footprint.

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Figure 3. Additional soils sample (Phase 3 campaign)

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Claim Staking

The recent claim acquisition is strategically important, as it covers the projected extensions of several significant copper and molybdenum soil anomalies. It secures the southeastern continuation of the Santa Ana mineralized corridor, as well as the southeastern extensions of the Gibson target areas – refer to Figure 4 (Claim staking)

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Figure 4. Claim staking

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Geology and Surface Mapping Program

Mapping, Structural Analysis, and Channel Sampling are being carried out in the new Central Zone, where strong quartz-chalcopyrite millimeter to centimetric vein stockwork mineralization outcrops over 350m of exposure.

Data Compilation, Synthesis and Interpretation

The May 12, 2026, geophysical news release outlined a multi-kilometre donut-shaped magnetic low surrounded by 3D spectral IP inversion of CSEM-MT anomalies – a classic signature of magnetite-destructive phyllic alteration and sulphide-rich shells.

The soil geochemistry now directly confirms this geometry.

Independent datasets all outline the same porphyry-scale footprint:

  • Drone Magnetics – refer to Figure 5:
    • Large, coherent magnetic low at centre
  • 3D Induced Polarization (“IP”) Survey:
    • Shallow chargeability high on two historic lines
  • Controlled Source Electromagnetics (“CSEM”) and Magneto-telluric (“MT”) surveys:
    • Deep conductivity contrasts creating the Geophysical Donut geometry – refer to Figures 6, 7 and 8
  • Hyperspectral Imaging:
    • Lower temperature Propylitic halo surrounding a Potassic core
    • Potassic alteration forms in the inner core of a porphyry system, where temperatures are highest and fluids are K-rich:
      • It is the most economically important alteration type because it commonly hosts chalcopyrite ± bornite Cu mineralization as seen in Central Zone
    • Propylitic alteration forms the outer, cooler halo of the porphyry system:
      • It is widespread and typically surrounds phyllic and potassic zones
      • Extremely important for vectoring towards Cu-Mo mineralization
      • Was identified in the Pinal Schists in the Northwestern Area
  • Geological Mapping confirms a multi-kilometric hydrothermal system:
    • Multi-generation breccias, phyllic / propylitic alteration, multiple intrusive phases, pyrite-chalcopyrite mineralization
    • These features are consistent with the upper and lateral portions of a porphyry system, and their distribution corresponds to the geophysical footprint of the Northwestern Area, at depth, and the shallow Central Area

Why the Geophycial Donut Matters

The “Donut” anomaly – similar to features used by BHP in global porphyry targeting – indicates:

  • Large Alteration System = Large Tonnage Potential:
    • The scale of the donut exceeds the 2-3 km diameter commonly referenced in BHP’s work in Chile and Serbia
  • Multi-Phase Porphyry Architecture Magnetic lows, chargeability highs, conductivity contrasts, and hyperspectral halos all match the expected geometry of a large porphyry centre
  • Near-Surface Targets – unlike the adjacent Resolution Mine (mineralization begins at ~1,200 m depth):
    • Central Zone targets begin at or near surface, reducing drilling cost and accelerating discovery

When multiple geophysical and geological datasets align on the same geometry, the probability of a significant mineralized system increases substantially.

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Figure 5. Drone Magnetics survey. The large blue area in the center is a magnetic low, defining the centre of a “donut”. Total Magnetic Intensity Map with claim outline, roads, and drill pads indicated.

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Figure 6. Geophysical Donut Anomaly from 3D Spectral IP Inversion of Controlled Source Electromagnetics (“CSEM”) and Magneto-telluric (“MT”) surveys showing deep conductivity contrasts defining the Geophysical Donut geometry from -300m depth

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Figure 7. Geophysical Donut Anomaly from 3D Spectral IP Inversion of Controlled Source Electromagnetics (“CSEM”) and Magneto-telluric (“MT”) surveys showing deep conductivity contrasts defining the Geophysical Donut geometry from -650m depth

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Figure 8. Geophysical Donut Anomaly from 3D Spectral IP Inversion of Controlled Source Electromagnetics (“CSEM”) and Magneto-telluric (“MT”) surveys showing deep conductivity contrasts defining the Geophysical Donut geometry from -1,450m depth

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Figure 9. Overlay of the Geophysical Donut Anomaly from Controlled Source Electromagnetics (“CSEM”) and Spectral IP (“SIP”) surveys showing deep conductivity contrasts matching the Geophysical Donut geometry from -600m depth with the Drone Magnetics survey overlayed.

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Technical Parameters

Soil samples were collected by Mineoro contractors under the guidance of the QP and in accordance with Mineoro protocols. The B and C soil horizons were sampled and screened to pass 60 mesh. Screened samples of approximately 400 grams are placed in pre-labeled cloth bags and sealed immediately upon collection to maintain sample integrity and security. Samples are subsequently submitted under secure chain-of-custody procedures to the laboratory for analysis. Quality control measures included the systematic insertion of certified reference standards and field duplicates at a rate of approximately 5%.

Geochemical analyses were performed by independent commercial laboratories holding ISO/IEC 17025:2017 accreditation. Multi-element analysis via aqua regia digestion (ALS Code ME-MS41) was selected for partial-extraction targeting sulphide and volatile mineralization, while 4-acid digest multi-element analysis (American Assay Laboratories 52-element suite) was utilized for near-total matrix breakdown. Both laboratories maintain comprehensive internal Quality Assurance/Quality Control (QA/QC) programs incorporating certified reference materials (CRMs), analytical blanks, and duplicate split analyses within each analytical batch to ensure verifiable data precision and accuracy

Qualified Person

Michael N. Feinstein, PhD, CPG, is the “Qualified Person” under National Instrument 43-101-Standards of Disclosure for Mineral Projects, and he has reviewed and approved the scientific and technical disclosure contained in this press release and is independent of the Issuer.

For more information, please contact:

Dan Weir, CEO
Coyote Copper Mines Inc.

DanWeir@CoyoteCopper.com 
Tel: +1-416-720-0754

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Cautionary Statement Regarding Forward Looking Information

This news release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation.Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding the commencement of trading of the Resulting Issuer Shares, the business plans and expectations of the Corporation and expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Corporation including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects management’s current beliefs and is based on information currently available to them and on assumptions they believe to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to receipt of final listing approval from the Exchange, together with the factors referenced in this news release and Filing Statement, including, but not limited to, those set forth in the Filing Statement under the caption “Risk Factors”. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Corporation disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Corporation has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Corporation does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

Appendix

Zonge International completed the field work for the CSEM/SIP

  • Zonge International Acquired CSEM/SIP and broadband MT data on the Copper Springs Project on a 3D grid. Vector stations of Ex, Ey were planned and setup at 59 stations. Roughly half of the stations measured Hx, Hy magnetic fields. 14 transmitter dipoles are planned to be read from 7 transmitter locations.
  • The transmitted signal was a 100-percent duty-cycle square wave. Initial base frequencies were 0.125, 1, 8, and 64 Hz. Total read time was approximately 2 hours per transmitter dipole.
  • All MT data was acquired from 0.01-1,024Hz, the data was collected before and after the CSEM/SIP reads. All data was acquired at 4096 samples per second.
  • A distant remote reference site was deployed. The remote site was deployed away from powerlines, pipelines, and other cultural electromagnetic sources to the extent possible. A location to the SE of the grid was chosen.
  • ZONGE surveyed the station locations and wire path using Garmin 64s Handheld GPS.
  • All acquired field data was checked through a QA/QC review and processed daily using the Zonge CSEM and MT Processing workflow. The data was processed in two large batches. One about halfway through the project and once at the end.
  • Instrumentation consisted of ZONGE broadband ZEN receivers. Magnetic field data was acquired with ZONGE ANT-4 low frequency broadband induction feedback coils. There will be spare receivers on site if possible. The receiver electrodes will consist of rusted steel plates.
  • The source for the CSEM/SIP data was a Zonge GGT-10, 10 KVA transmitter system. Multiple systems were utilized to minimize delays between transmitter reads If 90% of the source-receiver combinations and 90% of the MT soundings were successfully acquired without equipment failure or operator error.

Zonge Engineering – Drone Magnetic Survey

  • Zonge covered an area of 33 km2, with lines-oriented east-west at 50-meter line spacing. The approximate total coverage is 650 line-km.
  • Magnetic data was acquired using a Drone-based magnetometer system. The magnetic system comprises a Geometrics MagArrow cesium vapor total-field scalar magnetometer. The platform is a battery-operated DJI Matrice 300 RTK quadcopter. The magnetometer will be attached to the drone using 3-meter suspension cables. GPS positions and total field intensity data are recorded continuously at a sample rate of 1000 Hz and reduced to 10 Hz during post-processing. Drone speed will be set between 8 and 9 m/s, depending on the terrain. The 10 Hz data sampling interval, acquired at a speed of 9 m/s, yields approximately 1 m data points along flight lines. Flight altitude will be 50m AGL. The line locations are subject to change based on flight logistics, terrain, ground access, and the UAV’s line of visual sight.
  • Flight paths were planned using Universal Ground Control Station terrain following software and uploaded to the UAV prior to each flight. Elevation data for flight altitude control will be sampled from USGS LiDAR terrain data.
  • High winds or sudden gusts of wind can cause a pendulum motion in the tow cable, which could set the sensor out of proper orientation. The Geometrics MagArrow has two Micro-Fabricated Atomic Magnetometer (MFAM) sensors ensuring that when one sensor is in its dead zone the other is at its optimum orientation. This avoids reading dropouts during the survey. The MagArrow has a 5nT heading error, which will be compensated for by flying a calibration flight. Data was compensated using software developed by Geometrics.
  • A base magnetometer recorded continuously at a fixed ground location to allow for diurnal corrections.

Deep Blue Geophysics – Interpretation of Zonge’s Data

  • Deep Blue Geophysics LLC (Deep Blue) completed specialized Data Quality Assurance/Quality Control (QAQC) and advanced 3D inversion services, for CCMM. This project focused on the integration of broadband Controlled-Source Electromagnetic (CSEM) and Magnetotelluric (MT) data collected by Zonge at the Copper Springs site.
  • Deep Blue performed a rigorous audit of all Zonge deliverables to ensure the highest data integrity before modeling. This included:
  • CSEM Analysis: Inspection of response data for each transmitter-receiver pair to ensure signal quality.
  • MT Analysis: Systematic review of MT response data for each receiver station to identify and mitigate environmental noise or artifacts.
  • Joint 3D Spectral IP Inversion Deep Blue employed proprietary DeepBlueEM3D platform to conduct a sophisticated 3D Spectral IP inversion, providing a 3D model of resistivity and chargeability. This workflow integrates the CSEM and MT data to provide a unified subsurface model.
  • Integrated Dataset: Zonge CSEM and MT data was collected at approximately 59 receiver stations using 7 transmitter dipoles
  • Modeling Parameters: Inversions utilized a frequency range of 0.125 Hz to 1000 Hz to resolve spectral IP (resistivity amplitude and phase).
  • Staged Modeling Workflow: 1. Stand-alone 3D inversion of MT data. 2. Stand-alone 3D inversion of CSEM data. 3. Joint 3D inversion of the combined MT-CSEM dataset.
  • Objective: Interpretation & Drill Targeting Following the inversion process, Deep Blue collaborated with Coyote Copper Mines to interpret the 3D volumes. This phase ensures that geophysical anomalies are cross-referenced with geological context to provide prioritized recommendations for future drill-hole locations.
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Elemental Royalty Notes 32% Increase in Reserves at Karlawinda with Expansion Commissioning on Track for Q3 2026

Denver, Colorado–(Newsfile Corp. – July 29, 2026) – Elemental Royalty Corporation (NASDAQ: ELE) (TSX: ELE) (“Elemental” or the “Company“) notes the announcement by Capricorn Metals Ltd (ASX: CMM) (“Capricorn“) of a 32% increase in Mineral Reserves at the Karlawinda Gold Project (“Karlawinda“). Elemental holds an uncapped 2% net smelter return (“NSR“) royalty on Karlawinda.

Karlawinda is a cornerstone asset for Elemental, contributing US$8.9 million in zero-cost revenue in 2025 prior to completion of the Karlawinda Mine Expansion Project, which is in its final stages of commissioning.

Highlights

  • Significant increase in Mineral Reserves and Mineral Resources: recent drilling at Karlawinda contributed to a 32% increase in the Probable Mineral Reserve estimate to 76.4 million tonnes at 0.6 g/t gold, containing 1.57 million ounces of gold
  • Additionally, the Karlawinda Indicated Mineral Resource estimate increased by 30% to 124.9 million tonnes at 0.6 g/t gold, containing 2.38 million ounces of gold. Mineral Resources are inclusive of Mineral Reserves
  • Ongoing expansion: Capricorn’s expansion of the Karlawinda processing plant is nearing completion, with commissioning and transition to full operations expected during the third quarter of 2026
  • Extended mine life: Capricorn reports that the increased Mineral Reserve supports an approximately 10-year mine life, based on expanded processing capacity of approximately 6.5 million tonnes per annum and anticipated annual gold production of approximately 150,000 ounces
  • Conservative gold-price assumptions: Capricorn used variable gold prices of A$2,200 to A$2,600 per ounce for the Mineral Reserve estimate and a gold price of A$2,800 per ounce for the Mineral Resource estimate
  • Increased value for Elemental: the reported mine-life extension and additional Mineral Resources increase Elemental’s exposure to Karlawinda without additional capital contributions from the Company

Elemental Chief Executive Officer, David M. Cole, commented: We are pleased to note the substantial increase in Mineral Reserves reported by Capricorn, which further strengthens the long-term value of our 2% NSR royalty over Karlawinda. With Capricorn’s plant expansion nearing completion and annual production expected to increase to approximately 150,000 ounces, Karlawinda is positioned to remain a cornerstone asset in our portfolio and an important contributor to Elemental’s royalty revenue.

Capricorn’s management team has an excellent track record, and we look forward to following its progress towards commissioning.”

About Karlawinda
Karlawinda is a producing, open-pit gold mine located approximately 65 kilometres south-east of Newman in the Pilbara region of Western Australia and operated by Capricorn. Production commenced in June 2021, and Capricorn reports that the mine has produced approximately 564,000 ounces of gold since commissioning. Capricorn is currently completing an expansion designed to increase processing capacity to approximately 6.5 million tonnes per annum and annual gold production to approximately 150,000 ounces.

Recent drilling at Karlawinda, as reported by Capricorn in its announcement titled “Capricorn Gold Reserves Increase to 5.2 Million Ounces” dated July 27, 2026, contributed to an increase in the Probable Mineral Reserve estimate from 1.19 million ounces to 1.57 million ounces of gold, representing an increase of 32%. Capricorn reported that drilling targeted the conversion of Inferred Mineral Resources to Indicated Mineral Resources in areas down-dip of the 2024 reserve pit design, enabling conversion of a portion of the Mineral Resources to Probable Mineral Reserves. The updated Mineral Reserve estimate is based on 124.9 million tonnes at 0.6 g/t gold, containing 2.382 million ounces in the Indicated category, and 35.1 million tonnes at 0.5 g/t gold, containing 608,000 ounces in the Inferred category. Mineral Resources are inclusive of Mineral Reserves.

The updated Probable Mineral Reserve estimate incorporates depletion of approximately 103,000 ounces of gold from mining during the nine months ended March 31, 2026. After accounting for this depletion, the Probable Mineral Reserve increased from 1.19 million ounces to 1.57 million ounces of gold.

Technical Disclosure and Qualified Person

The Mineral Resource and Mineral Reserve estimates disclosed in this news release were prepared and reported by Capricorn in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the “JORC Code”). Elemental has not independently verified the underlying data supporting those estimates and is relying on Capricorn’s public disclosure in its announcement titled “Capricorn Gold Reserves Increase to 5.2 Million Ounces” dated July 27, 2026, available on Capricorn’s website and through the ASX announcement platform. For purposes of disclosure under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), Elemental considers the JORC Code classifications of Indicated Mineral Resources, Inferred Mineral Resources and Probable Ore Reserves to be substantively equivalent to the corresponding categories under the CIM Definition Standards for Mineral Resources and Mineral Reserves adopted by the CIM Council, as amended. Mineral Resources are inclusive of Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

The scientific and technical information contained in this news release has been reviewed and approved by Michael Sheehan, an employee of the Company and a “Qualified Person” as defined in NI 43-101.

For further information, contact:

David M. Coleinfo@elementalroyalty.com
CEO
Tara Vivian-Nealinvestor@elementalroyalty.com
Investor Relations

www.elementalroyalty.com
Phone: +1 (604) 688-6390

NASDAQ: ELE | TSX: ELE | ISIN: CA28620K1066 | CUSIP: 28620K106

About Elemental Royalty Corporation

Elemental is a new mid-tier, gold-focused streaming and royalty company with a globally diversified portfolio of 18 producing assets and more than 200 royalties, anchored by cornerstone assets and operated by world-class mining partners. Formed through the merger of Elemental Altus and EMX, the Company combines Elemental Altus’s track record of accretive royalty acquisitions with EMX’s strengths in royalty generation and disciplined growth. This complementary strategy delivers both immediate cash flow and long-term value creation, supported by a best-in-class asset base, diversified production, and sector-leading management expertise.

Elemental trades on Nasdaq and on the Toronto Stock Exchange under the ticker Symbol “ELE”.

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable United States and Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology (including negative and grammatical variations thereof).

Forward-looking statements and information include, but are not limited to, statements regarding future royalties and future consideration payments or issuances of shares, or other statements that are not statements of fact. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies.

Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Elemental to control or predict, that may cause Elemental’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the impact of general business and economic conditions, the absence of control over the mining operations from which Elemental will receive royalties, risks related to international operations, government relations and environmental regulation, the inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with Elemental’s expectations; accidents, equipment breakdowns, title matters, labour disputes or other unanticipated difficulties or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental regulatory restrictions; liability, competition, loss of key employees and other related risks and uncertainties. For a discussion of important factors which could cause actual results to differ from forward-looking statements, refer to the annual information form of Elemental for the year ended December 31, 2025. Elemental undertakes no obligation to update forward-looking statements and information except as required by applicable law. Such forward-looking statements and information represent management’s best judgment based on information currently available. No forward-looking statement or information can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

Neither The Nasdaq Stock Market LLC nor the Toronto Stock Exchange, nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange), accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/307166

Categories
Base Metals Emx Royalty Junior Mining Precious Metals Project Generators

Elemental Royalty Increases Chapi Project Royalty Through Quilla Investment Package

Denver, Colorado–(Newsfile Corp. – July 15, 2026) – Elemental Royalty Corporation (NASDAQ: ELE) (TSX: ELE) (“Elemental” or the “Company“) is pleased to announce that it has entered into a strategic US$25 million investment package (the “Transaction“) with Quilla Resources Inc. (“Quilla“) and its subsidiary Minera Pampa de Cobre S.A.C. (“MPC“) to expand Elemental’s royalty exposure to the producing Chapi Copper Project in Peru (“Chapi“) and support Quilla’s next phase of growth.

The Transaction includes the acquisition of both equity in Quilla, and an additional perpetual, uncapped 1.0% net smelter return (“NSR“) royalty over the Pampa Negra and Candelaria concessions, which are expected to be important contributors to Quilla’s planned expansion of Chapi.

Highlights

  • Existing Producing Royalty: Elemental has agreed a strategic US$25 million investment package with Quilla to expand its existing royalty exposure to the Chapi copper project and support Quilla’s next phase of growth
  • Increases Exposure to Project: Elemental acquired an additional perpetual, uncapped 1.0% NSR royalty over Quilla’s Pampa Negra and Candelaria concessions, increasing Elemental’s royalty interest to a total of 3.0% NSR
  • Expansion Plans underway: Pampa Negra and Candelaria will be important contributors to Quilla’s future expansion of Chapi from 10,000 tonnes per annum to 30,000 tonnes per annum of copper cathode production
  • Experienced team with track record of delivery: Quilla’s management team have an established history in Peru, including as senior executives at Rio Alto, Milpo, Buenaventura, and the Antamina mine.

Elemental Chief Executive Officer, David M. Cole, commented: “This transaction moves Chapi into a top ten royalty for Elemental by increasing our exposure to Quilla’s Phase 2 expansion at Pampa Negra and Candelaria following the recent successful commissioning of the Chapi mine. The management team’s proven track record of operating in Peru sets them up for continued growth, while Chapi is strategically located within the Southern Copper Belt alongside mines operated by Freeport-McMoRan, Buenaventura, Anglo American, and Southern Copper. We are very pleased to enhance our royalty on the project and simultaneously become a Quilla shareholder as they move toward listing on a public Exchange.”

Existing Chapi Royalty

In February 2025, EMX Royalty Corporation (“EMX“) acquired a 2.0% NSR royalty on minerals produced from the approximately 26,000 hectare property (“Property Royalty”) owned by Quilla, as well as a 2.0% NSR royalty from any minerals that are produced from outside the Property Royalty area, but that are processed at the Chapi Mine processing facilities. The agreement also includes a two-kilometre area of interest (“AOI“) (see Figure 1) around the Property Royalty area, and any property acquired by MPC within this AOI will also be subject to a 2.0% NSR royalty, stepping down to a 1.0% NSR royalty in July 2034.

Elemental acquired EMX in November 2025.

Figure 1: Existing and additional royalty Area of Interest over the Chapi Copper Project, Peru

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8358/305258_794f22f6f40e2996_001full.jpg

Transaction Details

Under the terms of the transaction, Elemental provided aggregate consideration of US$25 million to Quilla through a combined royalty and equity investment package. The package was structured to expand Elemental’s royalty exposure to the key growth areas at Chapi while also providing Quilla with capital in advance of Listing as it advances the Chapi exploration programme and expansion plans.

Elemental acquired an additional 1.0% NSR royalty over all minerals produced from the Pampa Negra and Candelaria concessions (see Figure 1). The royalty is perpetual, uncapped and not subject to any buyback, step-down or advance payment provisions. This adds to Elemental’s existing 2.0% NSR royalty footprint at Chapi and results in Elemental holding a 3.0% NSR royalty over Pampa Negra and a 3.0% NSR royalty over Candelaria, with the Candelaria royalty stepping down to 2.0% NSR in July 2034.

As part of the same transaction package, Elemental subscribed for shares in the company, representing approximately 9% of Quilla. The equity investment provides Elemental with additional alignment and upside as Quilla advances its planned expansion to 30,000 tonnes per annum of copper cathode and looks to go public.

Elemental funded the Transaction from cash on hand. Proceeds from the Transaction are to be used by Quilla to fast-track exploration as well as permitting and engineering work related to the planned expansion.

Background on Quilla

Quilla is a private Canadian company that, in December 2024, acquired MPC and the associated Chapi licence areas. Quilla was founded by a select group of shareholders, including Victor Gobitz, looking to rapidly build an intermediate-sized base metals company. Mr. Gobitz is a senior mining executive with extensive recent leadership experience at two of Peru’s most prominent mining companies. Prior to joining Quilla, he served as President and General Manager of the world-class Antamina mine, following his tenure as President and Chief Executive Officer of Compañía de Minas Buenaventura.

The Chapi Copper Project

Chapi is a former producing copper project that restarted production in Q1 2026 (see announcement dated March 2, 2026).

The Chapi Mine is located in the prolific Southern Peru porphyry copper belt across the Moquegua and Arequipa Departments, which host large scale operations including Southern Copper’s Toquepala, Anglo American’s Quellaveco Project, and Freeport-McMoRans’s majority owned Cerro Verde mine. The asset sits at an elevation of approximately 2,750 meters and has ready access approximately 50 kilometers south-southeast from the city of Arequipa. The mine, which was in operation from 2006-2012, reached maximum production levels of 8,500 tonnes per annum.

The historic Chapi Mine is comprised of two principal open pits, underground workings, a crushing and agglomeration circuit, heap leach pads, a solvent extraction plant, an electrowinning copper cathode plant, and related infrastructure including mine camp, office facilities, water supply, and power.

The restart and successful commissioning of the SX-EW plant in 2026 was achieved on time and budget, reflecting management’s strong track record as operators and work has begun on Phase 2 expansion as well as fast tracking investment in exploration and ongoing investment to optimise operations.

Technical Disclosure and Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Michael Sheehan, a “Qualified Person” and employee of the Company as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101“).

For further information contact:

David M. Coleinfo@elementalroyalty.com
CEO
Tara Vivian-Nealinvestor@elementalroyalty.com
Investor Relations

www.elementalroyalty.com
Phone: +1 (604) 688-6390

(NASDAQ: ELE) (TSX: ELE) (ISIN: CA28620K1066) (CUSIP: 28620K106)

About Elemental Royalty Corporation

Elemental is a new mid-tier, gold-focused streaming and royalty company with a globally diversified portfolio of 18 producing assets and more than 200 royalties, anchored by cornerstone assets and operated by world-class mining partners. Formed through the merger of Elemental Altus and EMX, the Company combines Elemental Altus’s track record of accretive royalty acquisitions with EMX’s strengths in royalty generation and disciplined growth. This complementary strategy delivers both immediate cash flow and long-term value creation, supported by a best-in-class asset base, diversified production, and sector-leading management expertise.

Elemental trades on Nasdaq and on the Toronto Stock Exchange under the ticker Symbol “ELE”.

Cautionary Note Regarding Forward-Looking Statements

This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian and United States securities laws. Forward-looking statements include, but are not limited to, statements regarding the completion of the Transaction, the timing and satisfaction of closing conditions, the expected use of proceeds by Quilla, the expected benefits of the Transaction to Elemental and its shareholders, Chapi’s expected ramp-up and expansion plans, future production levels, expected royalty revenue, potential exploration upside, Quilla’s potential IPO, copper market conditions and future opportunities for collaboration with Quilla and Hartree.

Forward-looking statements are based on assumptions that management believes to be reasonable as of the date of this news release, including assumptions regarding the receipt of required approvals, the accuracy of technical and operating information provided by the operator, future copper prices, mine plans, permitting timelines, capital availability, operating performance, exploration results and the ability of Quilla and MPC to advance Chapi.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied by such statements. These risks include, but are not limited to, the failure to complete the Transaction, changes in commodity prices, differences between projected and actual production, delays in ramp-up or expansion activities, permitting or regulatory delays, operational challenges, resource and reserve uncertainty, political and jurisdictional risks, title and royalty enforceability risks, foreign exchange fluctuations, capital markets conditions and the other risk factors described in Elemental’s public disclosure documents filed on SEDAR+ and EDGAR.

Readers should not place undue reliance on forward-looking statements. Elemental undertakes no obligation to update forward-looking statements except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305258

Categories
Base Metals Blog Breaking Precious Metals Uncategorized

AIAI Holdings and Constellation Network Launch Arca Wallet, a Wallet to Self-Manage Digital Dollars

New Mobile Wallet Combines Digital Dollar Management, Streamlined Identity Verification and an Integrated App Marketplace Designed to Expand Access to Global Payments

DALLAS, TX / ACCESS Newswire / June 2, 2026 / AIAI Holdings Corporation (NASDAQ:AIAI) (“Ai2” or the “Company”), an AI-enabled diversified holding company utilizing Transformational AI to enhance portfolio performance, along with its subsidiary portfolio company Constellation Network, a blockchain and data infrastructure company, today announced the public launch of Arca Wallet, a self-custodial mobile dollar wallet that enables anyone, anywhere, to hold, send, and manage digital dollars directly from their smartphone. Arca Wallet is available for download on the App Store and Google Play.

Arca Wallet is designed to address a large and evolving global payments market by combining self-custody, digital dollar transfers, streamlined identity verification, and an integrated application marketplace in a single mobile experience. The product reflects Ai2‘s broader strategy of supporting portfolio companies that apply advanced technology to clear commercial use cases with the potential to create scalable, transaction-driven revenue opportunities.

“At the heart of Constellation’s design genius is the application of Transformational AI to create products adaptable to a multitude of use cases. Arca Wallet exemplifies the technology we are building at AIAI – products that create real, measurable value for people,” said Todd Furniss, CEO and co-founder of AIAI Holdings Corporation. “Giving users with a smartphone the ability to hold and send currency without a bank account is exactly the kind of product we want in this portfolio. Just as importantly, Arca’s identity verification and marketplace architecture create a foundation that can extend into a much broader range of uses and a much broader range of partner-enabled applications over time, expanding the wallet from a payments tool into a digital Swiss army knife.”

“We built Arca around one principle: Your wallet and everything in it belongs to you,” said Ben Jorgensen, CEO of Constellation Network. “That means you hold your own keys, no institution can touch your funds, and you pay a fraction of what conventional services charge to send money internationally. Arca provides banking features without having a bank. The marketplace takes that further and extends that utility by allowing users to complete identity verification once and then access a growing network of uses and approved partner applications from the same wallet. We built it for the world as it actually exists today.”

Arca Wallet is built on a self-custodial model, meaning users retain direct and exclusive control over their digital assets at all times. No institution, including Arca itself, holds, manages or has the technical ability to restrict access to user funds. Users authenticate through email or social login and complete setup in approximately 30 seconds, without a bank account, minimum balance or prior knowledge of digital asset infrastructure. The wallet supports USDC (USD Coin) and USDT (Tether), U.S. dollar-denominated digital currencies issued and redeemable 1:1 for U.S. dollars by regulated third parties. Arca’s underlying technology covers network transaction costs on behalf of users, so senders pay only Arca’s disclosed flat fee.

Beyond core dollar management, Arca Wallet includes an integrated in-app marketplace through which users gain access to a curated network of approved third-party partners and applications. Identity verification is completed once; users then interact with the full ecosystem of Arca-supported services without repeated onboarding. Over time, as partner integrations are developed, Arca’s verification architecture is designed to support broader use cases where trusted user information may be required, such as secure identity verification for travel or access programs, healthcare registration, insurance enrollment and policy updates, government benefits registration, employee onboarding, mortgage and loan applications, tax-related filing processes, and other digital forms or app-based registration workflows.

The marketplace is designed to expand the utility of the wallet over time and creates a diversified, transaction-driven revenue stream for the Company through fees assessed on partner-enabled commerce.

Cross-border payments represented approximately $179 trillion in global transaction flows in 2024, according to the McKinsey Global Payments Map. A significant portion of lower-value cross-border activity continues to rely on legacy financial infrastructure, creating demand for faster, more accessible, and more cost-efficient alternatives. Arca addresses this opportunity by enabling international transfers that settle in seconds, compared to the one-to-five business days typical of conventional wire transfers, at a flat 0.5% fee versus a global average remittance cost of approximately 6.36%, according to the World Bank’s Remittance Prices Worldwide data. Account creation requires no bank account, no minimum balance, and no paperwork, making the product accessible to populations historically excluded from digital financial services.

Arca users may also opt into SimpleFi, a dollar savings product that allows users to put their dollars to work with no lock-up period and no minimum balance. Returns through SimpleFi are variable and not guaranteed. SimpleFi is not a savings account and is not FDIC insured. Past performance does not guarantee future results. Arca does not provide investment, financial or tax advice.

Arca is not a bank. Digital dollars held in Arca are not bank deposits, are not FDIC insured, and are not guaranteed by any government entity. Availability of Arca Wallet, SimpleFi, and marketplace services may be subject to jurisdictional restrictions, eligibility requirements, and applicable law.

Apple and App Store are trademarks of Apple Inc. Google Play is a trademark of Google LLC. Neither Apple Inc. nor Google LLC sponsors or endorses Arca Wallet.

About Constellation Network

Constellation Network is a technology company developing products at the intersection of AI and blockchain. Its technology, including a native Layer 1 blockchain protocol, supports trusted data, verifiable provenance, and auditable flows for customers across retail intelligence, U.S. defense applications, AI security, and consumer applications. Constellation became part of the AIAI Holdings portfolio in May 2026 and continues to operate the Constellation Network protocol and ecosystem alongside the development of new commercial products including Constellation Gate AI. More information is available at https://constellationnetwork.io.

Cautionary Note Regarding Forward Looking Statements

This press release contains “forward-looking statements” or “forward-looking information” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to future business activities and plans of the Company. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding our expectations, intentions, beliefs, plans, objectives, goals, strategies, future events or performance, and underlying assumptions. Forward-looking statements are often identified by the use of words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “would,” “could,” “should”, “estimate,” “plan,” “predict,” “project,” “estimate”, or “continue,” or similar expressions, including the negative of these terms or other comparable terminology.

Forward-looking statements are based on the Company’s current expectations regarding its strategy, plans, intentions, performance, or future occurrences or results, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of known and unknown risks, uncertainties, and other factors, many of which are outside of the Company’s control, that could cause actual results, performance, or achievements to materially differ from any future results, performance, or achievements expressed or implied by the forward-looking statements. Such risks, uncertainties and other factors include, but are not limited to our lack of operating history, our ability to attract new investments, our failure to manage growth effectively, our acquisition activities may pose risks that could harm our business, and our licensed AI may not perform up to the expected standards, as well as general business and economic conditions, competitive pressures, regulatory changes, technological developments, and other factors identified in the Company’s most recent filings with the U.S. Securities and Exchange Commission, including our Registration Statement on Form S-1, which are available for review at www.sec.gov. Furthermore, the Company operates in a competitive environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results.

The forward-looking statements in this press release are based on information available to us as of the date hereof, and we disclaim any intention to, and, except as may be required by law, undertake no obligation to, update or revise forward-looking statements to reflect events or circumstances that subsequently occur or of which the Company hereafter become aware. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.

Investor Relations

Matthew Selinger, Senior Partner
Integrous Communications
Email: mselinger@integcom.us
Phone: 415-572-8152

Visit and follow AIAI Holdings Corporation online:

Website: www.aiaiholdings.com
LinkedIn: https://www.linkedin.com/company/aiaiholdings/
X/Twitter: https://x.com/_AiSquared
Instagram: https://www.instagram.com/_aisquared/
Facebook: https://www.facebook.com/aiaiholdings

SOURCE: AIAI Holdings Corporation



View the original press release on ACCESS Newswire

Categories
Base Metals Copper Bullet Mines Junior Mining Precious Metals

Due to Overwhelming Demand Coyote Copper Mines Inc. Announces Upsizing the Non-Brokered Financing to $7 Million

Toronto, Ontario–(Newsfile Corp. – May 25, 2026) – Coyote Copper Mines Inc. (TSXV: CCMM) (“CCMM” or the “Corporation”) announces upsizing its non-brokered financing to $7 million ($7,000,000)

The Corporation will issue up to 28,000,000 Units to be issued at a price of CAD$0.25 per Unit with each Unit consisting of one (1) fully-paid and non-assessable Common Share (a “Common Share“) and one half (½) Common Share purchase warrant (a “Half Warrant“) in the capital of the Corporation, for aggregate gross proceeds of up to $7,000,000 to be used for exploration and general corporate purposes (the “Offering“).

Two Half Warrants will entitle the holder thereof to purchase one common share (a “Warrant Share“) in the capital of the Corporation. Each Warrant will expire thirty six (36) months from the date of issue and will entitle the holder thereof to purchase one Common Share at a price of CAD$0.50 per Warrant Share within 36 months from the date of issue.

The Corporation may pay finder’s fees to arm’s-length third parties consisting of (i) cash commission of up to 7% of the gross proceeds of the Offering; and (ii) broker warrants (“Broker Warrants“) in an amount up to 7% of the total number of Units issued under the Offering.

Each Broker Warrant will expire 36 months from the date of issue (the “Broker Warrant Expiry Date“) and will entitle the holder thereof to purchase one Common Share of the Issuer at a price of $0.50 per Common Share at any time up until the Broker Warrant Expiry Date.

The closing of the first tranche of the Offering is expected to occur on or before May 28, 2025 (the “Closing Date“) or such other date as the Corporation may determine and is subject to Exchange approval.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Cautionary Statement Regarding Forward-Looking Information

This news release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation.

Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding the Offering, the business plans and expectations of the Corporation and expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Corporation including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects management’s current beliefs and is based on information currently available to them and on assumptions they believe to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to those set forth in the Filing Statement under the caption “Risk Factors”. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Corporation disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Corporation has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Corporation does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

For more information, please contact:

Dan Weir
CEO, Coyote Copper Mines Inc.
DanWeir@CoyoteCopper.com
Tel: +1-416-720-0754

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298715

Categories
Base Metals Copper Bullet Mines Energy Junior Mining Precious Metals Project Generators

Coyote Copper Mines Inc. Announces Completion of Its Initial Geophysical Interpretation Revealing a Potential Large-Scale Donut Anomaly Consistent with Major Porphyry Systems

Toronto, Ontario–(Newsfile Corp. – May 12, 2026) – Coyote Copper Mines Inc. (TSXV: CCMM) (“CCMM” or the “Corporation”) is pleased to report the completion and preliminary interpretation of its integrated geophysical and hyperspectral program at the Copper Springs and Gibson claim packages in Arizona.

The results collectively point toward the potential presence of a large, well-developed porphyry copper system, with geophysical signatures that may exceed the scale typically observed in comparable global deposits. This work completes a major component of CCMM’s 2026 exploration plan, which included drone magnetics, hyperspectral satellite imaging, CSEM, MT, 3D IP surveys, and soil geochemistry, as well as geological mapping, sampling, and relogging of historical drill core.

“A Potentially Large Porphyry System Emerging From the Data”

In CCMM’S press releases dated April 9, and April 16, 2026, CCMM outlined its exploration plans.

CCMM initiated a multi-disciplinary exploration program including:

  1. Hyperspectral Satellite Surveys
  2. Drone Magnetic Surveys
  3. MT and 3D IP geophysical surveys
  4. Relogging of historical drill core
  5. Soil Sampling
  6. Mapping, logging, and chip sampling
  7. Channel sampling
  8. Drill permits
  9. Drilling

The purpose of this preliminary work was to help us optimize the drill locations.

CEO Dan Weir commented: “The geophysical information has returned results better than we expected. The Drone Magnetics are showing a massive magnetic low, and the 3D MT-IP geophysics are showing a ‘Donut shape’ around the Magnetic low.”

Weir added: “Many large mining companies look for donut-shaped geophysical anomalies. Normally the donut shapes are 2-3 km in size; we are interpreting an anomaly that is much larger.”

This observation is significant. In global porphyry exploration, donut anomalies of 2-3 km are associated with major copper systems, such as those in Chile, Peru, and the southwestern United States. CCMM’s anomaly appears to exceed this scale, suggesting the potential for a large mineralized footprint.

Controlled-Source Electromagnetic (CSEM) and Magnetotelluric (MT) with 3D Induced Polarization (IP) Inversion

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8516/296914_e1e4f1acc48e7bf5_001full.jpg

In the picture above you can see the classic Donut shaped pattern, present on CCMM’s projects. The L shapes are locations of the transmitters, and the crosses were the receivers. It is the IP Inversion, depth slice being shown at 800m elevation.

IP Inversion Results From Surface – Indication of a second Donut shape to the east

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8516/296914_e1e4f1acc48e7bf5_002full.jpg

300 metres deep

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8516/296914_e1e4f1acc48e7bf5_003full.jpg

650 metres deep

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8516/296914_e1e4f1acc48e7bf5_004full.jpg

Still present at 1450 metres deep. Due to the depth we start to lose resolution

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8516/296914_e1e4f1acc48e7bf5_005full.jpg

What is a “Donut” Geophysical Anomaly? Also known as the “BHP Donut”

  1. Large Donut = Large Alteration System = Potential for Large Tonnage. A donut anomaly may represent the alteration halo around a porphyry centre.

“Why the Size of the Donut Matters”

The larger the halo, the potential for a larger hydrothermal system that produced it.

At Copper Springs and Gibson:

The magnetic low indicates magnetite-destructive phyllic alteration. (Source: “A ‘donut’ shaped magnetic low often represents magnetite-destructive alteration… around a central core.”)

The surrounding IP chargeability highs and resistivity lows indicate sulphide-rich shells typical of porphyry copper systems.

The scale of the anomaly exceeds the 2-3 km diameter commonly referenced in BHP’s global exploration work.

  • BHP has used this technique to identify potential targets in regions like Chile (e.g., the Cristal Project near Arica), where a 2-3km donut feature was identified in 2012-2014, signaling a potential buried porphyry.
  • Serbian Project (Timok): Exploration targets similar to the Majdanpek porphyry copper deposit in Serbia, linked to BHP’s interests, included a donut-shaped high IP chargeability anomaly, which is a key indicator for a pyrite shell.

Please note: The information disclosed concerning BHP’s results is not necessarily indicative to the mineralization found on CMM’s properties.

This combination is consistent with large, multi-phase porphyry systems capable of hosting significant copper endowments.

  1. Multi-Dataset Confirmation Increases Confidence in Scale, The donut signature is not coming from a single dataset.

It is separately confirmed by Drone Magnetics: A large, coherent magnetic low sits at the centre of the project area and centered inside the west donut.

CSEM & MT: Deep conductivity contrasts outline the same geometry at depth.

Hyperspectral Satellite Imaging: A propylitic halo surrounds a potassic core-exactly the alteration architecture expected in large porphyry systems.

When multiple geophysical and geological datasets align on the same geometry, the probability of a significant mineralized system increases substantially.

  1. Geological Mapping Confirms a Multi-Kilometre Hydrothermal System:

– Multi-generation breccias
– Pyrite-chalcopyrite mineralization
– Phyllic and propylitic alteration
– Multiple intrusive phases

These features are consistent with the upper and lateral portions of a porphyry system, and their distribution corresponds to the geophysical footprint of the eastern donut.

  1. Depth Advantage:

Targets Begin at Surface, unlike the adjacent Resolution Mine where mineralization begins at ~1,200 m depth. CCMM’s targets begin at or near surface, significantly reducing:

– Drilling costs
– Time to discovery
– Capital intensity of early exploration

This is a rare advantage in a Tier-1 porphyry district.

In summary, the geophysical surveys outline the following:

Drone Magnetics-
A large, coherent magnetic low sits at the centre of the project area.

3D IP (Chargeability & Resistivity)-
A ring-shaped chargeability high surrounds the magnetic low.

CSEM & MT-
Deep conductivity contrasts outline the same geometry at depth.

Hyperspectral Satellite Imaging-
A propylitic halo surrounds a potassic core-exactly the alteration architecture expected in large porphyry systems.

When multiple geophysical and geological datasets align on the same geometry, the probability of a significant mineralized system increases substantially.

What this means for the Investor:

1. The scale of the anomaly suggests a potentially large porphyry system. Large porphyry systems globally exhibit similar multi-kilometre donut signatures.

2. Multiple datasets confirm the same geometry.
This reduces exploration risk and increases confidence.

3. Targets begin at surface. This accelerates the path to discovery and reduces cost.

4. CCMM controls the land package surrounding the anomaly. This provides full exposure to the upside.

Integrated Geophysical Program – Summary of Technical Parameters

CSEM, MT, and 3D IP (Zonge + Deep Blue Geophysics)

– 59 receiver stations, 7 transmitter dipoles
– Broadband acquisition from 0.01-1,024 Hz
– Joint 3D inversion using DeepBlueEM3D
– High-resolution resistivity and chargeability volumes
– Clear donut geometry confirmed at dept

Drone Magnetics

– 650 line-km over 33 km²
– 50 m line spacing
– Large magnetic low at centre of anomaly

Hyperspectral Satellite Survey (EarthDaily Analytics)

– ASTER + Sentinel-2 + AVIRIS + EnMap
– Mapping of clays, micas, carbonates, Fe-oxides
– Propylitic halo clearly defined

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8516/296914_e1e4f1acc48e7bf5_006full.jpg

Drone Magnetic Survey (2026)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8516/296914_e1e4f1acc48e7bf5_007full.jpg

The large blue area in the centre is a magnetic low. Total Magnetic Intensity Map with claim outline, roads, and drill pads indicated.

HyperSpectral – Satellite Survey

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8516/296914_30a3a973a46a6b71_001full.jpg

Re-Interpretation of Historical 2D IP (2007)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8516/296914_30a3a973a46a6b71_002full.jpg

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8516/296914_30a3a973a46a6b71_003full.jpg

Deep Blue Geophysics Re-Interpretation

  • Deep Blue employed its proprietary DeepBlueEM2D code to conduct 2D Spectral IP inversions of two legacy SIP profiles collected by Zonge in 2007. This provided a 2D model of resistivity and chargeability beneath each profile.

QUALIFIED PERSON

Michael N. Feinstein, PhD, CPG, is the “Qualified Person” under National Instrument 43-101-Standards of Disclosure for Mineral Projects, and he has reviewed and approved the scientific and technical disclosure contained in this press release. Michael is independent of the Issuer.

Zonge International completed the field work for the CSEM/SIP

  • Zonge International Acquired CSEM/SIP and broadband MT data on the Copper Springs Project on a 3D grid. Vector stations of Ex, Ey were planned and setup at 59 stations. Roughly half of the stations measured Hx, Hy magnetic fields. 14 transmitter dipoles are planned to be read from 7 transmitter locations.
  • The transmitted signal was a 100-percent duty-cycle square wave. Initial base frequencies were 0.125, 1, 8, and 64 Hz. Total read time was approximately 2 hours per transmitter dipole.
  • All MT data was acquired from 0.01-1,024Hz, the data was collected before and after the CSEM/SIP reads. All data was acquired at 4096 samples per second.
  • A distant remote reference site was deployed. The remote site was deployed away from powerlines, pipelines, and other cultural electromagnetic sources to the extent possible. A location to the SE of the grid was chosen.
  • ZONGE surveyed the station locations and wire path using Garmin 64s Handheld GPS.
  • All acquired field data was checked through a QA/QC review and processed daily using the Zonge CSEM and MT Processing workflow. The data was processed in two large batches. One about halfway through the project and once at the end.
  • Instrumentation consisted of ZONGE broadband ZEN receivers. Magnetic field data was acquired with ZONGE ANT-4 low frequency broadband induction feedback coils. There will be spare receivers on site if possible. The receiver electrodes will consist of rusted steel plates.
  • The source for the CSEM/SIP data was a Zonge GGT-10, 10 KVA transmitter system. Multiple systems were utilized to minimize delays between transmitter reads If 90% of the source-receiver combinations and 90% of the MT soundings were successfully acquired without equipment failure or operator error.

Zonge Engineering – Drone Magnetic Survey

  • Zonge covered an area of 33 km2, with lines-oriented east-west at 50-meter line spacing. The approximate total coverage is 650 line-km.
  • Magnetic data was acquired using a Drone-based magnetometer system. The magnetic system comprises a Geometrics MagArrow cesium vapor total-field scalar magnetometer. The platform is a battery-operated DJI Matrice 300 RTK quad-copter. The magnetometer will be attached to the drone using 3-meter suspension cables. GPS positions and total field intensity data are recorded continuously at a sample rate of 1000 Hz and reduced to 10 Hz during post-processing. Drone speed will be set between 8 and 9 m/s, depending on the terrain. The 10 Hz data sampling interval, acquired at a speed of 9 m/s, yields approximately 1 m data points along flight lines. Flight altitude will be 50m AGL. The line locations are subject to change based on flight logistics, terrain, ground access, and the UAV’s line of visual sight.
  • Flight paths were planned using Universal Ground Control Station terrain following software and uploaded to the UAV prior to each flight. Elevation data for flight altitude control will be sampled from USGS LiDAR terrain data.
  • High winds or sudden gusts of wind can cause a pendulum motion in the tow cable, which could set the sensor out of proper orientation. The Geometrics MagArrow has two Micro-Fabricated Atomic Magnetometer (MFAM) sensors ensuring that when one sensor is in its dead zone the other is at its optimum orientation. This avoids reading dropouts during the survey. The MagArrow has a 5nT heading error, which will be compensated for by flying a calibration flight. Data was compensated using software developed by Geometrics.
  • A base magnetometer recorded continuously at a fixed ground location to allow for diurnal corrections.

Copper Springs Project May 2007 Zonge Engineering 2D IP

  • 250-meter dipoles were used to collect dipole-dipole frequency domain CRIP data on the two CRIP lines completed at Copper Springs. CRIP data collected in a series of receiver transmitter dipole combinations create a pseudo-depth plot referred to as a “pseudosection” (n = 1 is a shallow reading; n = 6 is the deepest). The rule is: The greater the “n” space number, the greater the depth of investigation. Resistivities are calculated from voltage measurements and the array geometry. With this dipole-dipole array it ispossible to electrically image features to depths of 750 meters with the TS2DIP inversion software developed by Zonge. Basic complex resistivity data (CRIP) were collected at 0.125 Hz. The current-controlled waveform produced by the GGT series transmitter at 0.125 Hz approximates an idealizedsquare wave. Deconvolution of the Fourier transform of digitized time-series voltage with an idealized current produces complex resistivity data. This allows four harmonic components to be calculated at the fundamental frequency of 0.125 Hz (0.375, 0.625, 0.875 and 1.125 Hz), providing a total of five measured frequencies per stack. Multiple stacks were collected at each setup.
  • Dipole-dipole voltage and phase data are displayed as “Apparent Resistivity”, “Raw Phase at 0.125 Hz” and “Three-frequency DC corrected Phase” (3-Pt DC Phase). Multifrequency resistivity and phase data obtained from this single frequency transmitted square wave signal provide sufficient bandwidth to correct “Raw Phase” data for array-based electromagnetic coupling. Induced polarization (IP) is determined from these corrected phase values. Other than differences due to electromagnetic (EM) coupling, phase isdirectly related to “induced polarization IP”. The “Three-frequency DC” (direct current) phase correction is based on a quadratic equation defined by three frequencies: the phase at 0.125 Hz (fundamental frequency)along with the third and fifth harmonic phase data. The “zero” frequency intercept defines a phase value that approximates the IP response. Since the contribution of electromagnetic coupling is theoretically “zero” at “zero” frequency, this results in a reasonably accurate measure of induced polarization IP.
  • Electromagnetic (EM) coupling levels encountered at Copper Springs were not unusual. EM coupling is proportional to frequency: CRIP data were collected at 0.125 Hz. EM coupling is proportional to the square of the dipole length: while the 250 meter dipole lengths used at Copper Springs will produce electromagnetic coupling, resistivities are reasonably high. EM coupling is inversely proportional to the survey resistivities: the moderately high resistivities encountered at Copper Springs produce minimal EM coupling. A comparison between “Raw Phase at 0.125 Hz” and “Three-frequency DC corrected Phase” (3-Pt DC Phase) pseudosections indicates the degree of the EM coupling present.

Deep Blue Geophysics – Interpretation of Zonge’s Data

  • Deep Blue Geophysics LLC (Deep Blue) completed specialized Data Quality Assurance/Quality Control (QAQC) and advanced 3D inversion services, for CCMM. This project focused on the integration of broadband Controlled-Source Electromagnetic (CSEM) and Magnetotelluric (MT) data collected by Zonge at the Copper Springs site.
  • Deep Blue performed a rigorous audit of all Zonge deliverables to ensure the highest data integrity before modeling. This included:
  • CSEM Analysis: Inspection of response data for each transmitter-receiver pair to ensure signal quality.
  • MT Analysis: Systematic review of MT response data for each receiver station to identify and mitigate environmental noise or artifacts.
  • Joint 3D Spectral IP Inversion Deep Blue employed proprietary DeepBlueEM3D platform to conduct a sophisticated 3D Spectral IP inversion, providing a 3D model of resistivity and chargeability. This workflow integrates the CSEM and MT data to provide a unified subsurface model.
  • Integrated Dataset: Zonge CSEM and MT data was collected at approximately 59 receiver stations using 7 transmitter dipoles
  • Modeling Parameters: Inversions utilized a frequency range of 0.125 Hz to 1000 Hz to resolve spectral IP (resistivity amplitude and phase).
  • Staged Modeling Workflow: 1. Stand-alone 3D inversion of MT data. 2. Stand-alone 3D inversion of CSEM data. 3. Joint 3D inversion of the combined MT-CSEM dataset.
  • Objective: Interpretation & Drill Targeting Following the inversion process, Deep Blue collaborated with Coyote Copper Mines to interpret the 3D volumes. This phase ensures that geophysical anomalies are cross-referenced with geological context to provide prioritized recommendations for future drill-hole locations.

HyperSpectral – Satellite Survey by Earth Daily (EDA)

  • EDA’s Base Earth Composites (BEC) are unique multispectral datasets that have been specifically engineered to provide the best quality and data coverage over any AOI across the globe.
  • ASTER data, considered the workhorse of remote sensing (RS) mineral exploration, is used as the base of our Fused BEC data, contributing 6 bands of SWIR data (30 m) to the composite. This is combined with 9 bands from the Sentinel-2 multispectral (MS) dataset to provide better coverage (more bands) and higher resolution (10/20 resolution predominately) over the VNIR.
  • EDA’s FUSED BEC’s are particularly valued for greenfields exploration, as they provide early indications of mineral alteration (mapping mineral groups as indices, band ratios and (R,G,B) images at a regional scale). This results in the generation of RS maps that may target alteration.
  • Airborne hyperspectral data (i.e. from USGS or other suppliers), such as AVIRIS Classic is a great source of mineral mapping data, with 224 bands of continuous data with a good medium spatial resolution of 15 m.
  • New spaceborne hyperspectral data (i.e. PRISMA or EnMap sensors), with hundreds of bands over the VNIR-SWIR provide the capability of mineral species mapping, despite their 30 m spatial resolution. This can be a huge advantage as you have much more confidence that targeted alteration is the ‘right’ composition for the deposit type you are targeting.
  • Data from the Bare Earth Composite (BEC) multispectral data products will provide insights on compositional variability across the Copper Springs project area. All data will be masked for water, vegetation, snow, cloud, cloud-shadow and topographic shadow (if needed), to eliminate the potential for false-positives. A suite of compositional mapping products from the BEC data will be generated for Fe-oxides, hydrothermal minerals, clays, micas, phyllosilicates and carbonates over the project AOI, and will be used to provide generalized guidance on alteration and lithology compositional characteristics across the AOI (Table 1). Additional processing will be undertaken using transforms like PCA and MNF to map any lithology or significant compositional differences across the study area.
  • ASTER Emissivity data is also available and will be checked in case it is helpful for highlighting the presence of silicates (i.e. quartz), but it does have limitations at a spatial resolution of 90 m, and there may be gaps in coverage in the north. Lastly, available DEM datasets (including those from AG) will be used to provide elevation and hillshade products to combine with selected BEC products as is found to be useful for visualization.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Cautionary Statement Regarding Forward Looking Information

This news release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation.

Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding the commencement of trading of the Resulting Issuer Shares, the business plans and expectations of the Corporation and expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Corporation including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects management’s current beliefs and is based on information currently available to them and on assumptions they believe to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to receipt of final listing approval from the Exchange, together with the factors referenced in this news release and Filing Statement, including, but not limited to, those set forth in the Filing Statement under the caption “Risk Factors”. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Corporation disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Corporation has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Corporation does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

For more information, please contact:

Dan Weir
CEO, Coyote Copper Mines Inc.
DanWeir@CoyoteCopper.com
Tel: +1-416-720-0754

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296914

Categories
Base Metals Capitalism Morality Energy Junior Mining Precious Metals Project Generators

Jayant Bhandari – Why Societies Take Millennia to Change

April 29, 2026

Modern people believe technology, education, and new institutions can transform societies within a generation or two. They confuse surface-level change with the deep moral and psychological substrate that actually holds a civilization together.

Read the full essay at Counter-Currents →

On Investments

  • G2 Goldfields (GTWO; $10.25) is being acquired. There is a modest arbitrage upside, but the merger should also enable economies of scale, accelerate the path to production, and reduce corporate expenses. One could sell two July 17, 2026, $50 call options on the acquiring company, GMIN, for every 1,000 shares of GTWO at US$5.10 each, thereby “locking in” a roughly 15% return. Of course, if the merger does not proceed, one could be left exposed.
  • Gold Resource Corporation (NYSE: GORO; US$1.40) is also being acquired. The arbitrage value is approximately US$1.50. One could sell June 18, 2026, $1.50 put options on GORO for US$0.30 and expect them to expire unexercised.
  • Star Royalties (STRR; $0.50) is being acquired by Summit Royalties (SUM). There is a 7% arbitrage upside—modest, but still attractive. The merged entity will be run by Drew Clark, who has extensive experience acquiring royalties. I expect to hold SUM after the merger closes.

Jayant Bhandari

Disclaimer: All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment, or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may contain errors. The sole purpose of these musings is to show my thinking process when analyzing a stock, not to provide any recommendations. I will not and cannot be held liable for any actions you take resulting from anything you read here. Conduct your due diligence or consult a licensed financial advisor or broker before making any investment decisions. Any investments, trades, speculations, or decisions made based on any information found on this site, expressed or implied herein, are made at your own risk, financial or otherwise.

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Base Metals Copper Bullet Mines Energy Junior Mining Precious Metals

Coyote Copper Mines Inc. Begins Exploration Work on New Sulphide Copper Zone

Toronto, Ontario–(Newsfile Corp. – April 16, 2026) – Coyote Copper Mines Inc. (TSXV: CCMM) (the “Corporation”) is pleased to announce that it has begun work on a newly discovered zone, with exposed copper sulphide mineralization and magmatic breccias within the Copper Triangle of Arizona. Channel samples are being cut with a Diamond Saw and dispatched to American Assayers Laboratories in Sparks, Nevada for Analysis.

As outlined in CCMM’s April 9, 2026 press release, the Corporation has now initiated a multi-disciplinary exploration program across the project area.

Current program components

  • Hyperspectral and satellite surveys
  • Drone magnetic surveys
  • MT and 3D IP geophysical surveys
  • Relogging of historical drill core
  • Soil sampling
  • Mapping, logging, and chip sampling
  • Channel sampling
  • Drill permitting

Recent field efforts have led to the identification of a new mineralized zone, which includes a breccia pipe referred to as the Maher Breccia. The broader zone remains under active evaluation, with current project mapping indicating a strike length of more than 4 km and a width exceeding 600 m.

Dan Weir commented: “The 96 historical drill holes and the historical resource at the Copper Springs Project were largely focused on oxide and transition-zone copper mineralization. Finding sulphide copper and molybdenum mineralization at surface, rather than at depths of roughly 1,200 m like the Resolution deposit, is a game changer for us. This new zone has already attracted the attention of larger companies.”

Project Overview

Regional project overview showing the newly identified sulphide zone at surface.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8516/292864_3a2028340451fbc1_001full.jpg

CCMM’s project area covers more than 58 km². Current mapping indicates the new zone extends for over 4 km and is more than 600 m wide.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8516/292864_3a2028340451fbc1_002full.jpg

Field Observations and Representative Samples

Michael Feinstein and Jocelyn (Josh) Pelletier at the Maher Breccia, March 2026.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8516/292864_a05f9dd5f45feadc_001full.jpg

Representative chip and channel samples containing copper and molybdenum mineralization from the Maher Breccia.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8516/292864_a05f9dd5f45feadc_002full.jpg

Channel sampling approximately 300 m southeast of the Maher Breccia.

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Representative channel sample material collected southeast of the Maher Breccia.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8516/292864_83283ba964662a64_002full.jpg

Additional Surface and Historic Reference Images

Dan Weir approximately 500 m southwest of the Maher Breccia, indicating veining developed above a low-angle fault zone.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8516/292864_83283ba964662a64_003full.jpg

Copper staining at the Birthday Zone. Photos: Weir, 2026.

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To view an enhanced version of this graphic, please visit:
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Rock samples collected from the Ellis Mine representing the brittle portion of a mineralized shear zone. A) Sheeted quartz veins with coarse euhedral bornite. B-C) Chrysocolla-cemented breccia showing a shear-deformed clast rimmed by bornite and cuprite with native copper. Source: Feinstein, 2025.

To view an enhanced version of this graphic, please visit:
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Qualified Person

Michael N. Feinstein, PhD, CPG, is the “Qualified Person” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects and has reviewed and approved the scientific and technical disclosure contained in this press release. Michael is independent of the Issuer.

Corporate and Regulatory Disclosure

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Cautionary Statement Regarding Forward-Looking Information

This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs, and current expectations of the Corporation.

Forward-looking information is often, but not always, identified by words such as “plans,” “expects,” “is expected,” “budget,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates,” or “believes,” including negative variations of such words and phrases, or statements that certain actions, events, or results may, could, would, might, or will occur or be achieved. Forward-looking information includes, among other things, statements regarding the business plans and expectations of the Corporation and expectations for economic, business, and competitive factors.

Forward-looking information is based on currently available competitive, financial, and economic data and on operating plans, strategies, or beliefs as of the date of this news release. It is subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause actual results, performance, or achievements of the Corporation to differ materially from those expressed or implied by such information. These factors may include information available to the Corporation from third-party industry analysts and other third-party sources and are based on management’s current expectations or beliefs.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflects management’s expectations, estimates, or projections concerning future results or events, based on opinions, assumptions, and estimates considered reasonable at the time the statements are made. Although the Corporation has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking information, there may be other factors that cause results to differ from those anticipated, estimated, or intended. Readers should not place undue reliance on forward-looking information.

Forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Corporation disclaims any obligation to update any forward-looking information, whether as a result of new information, future events, results, or otherwise.

For more information

Dan Weir
CEO, Coyote Copper Mines Inc.
DanWeir@CoyoteCopper.com
Tel: +1-416-720-0754

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/292864

Categories
Base Metals Emx Royalty Energy Junior Mining Oil & Gas Precious Metals Project Generators

Precious Metals Royalties Firm to Offer Dividends in Tether’s Tokenized Gold

Elemental Royalty signaled on Tuesday that investors will be able to receive dividends in the form of Tether’s XAUT, establishing a novel use case for tokenized gold on Wall Street.

The move is aimed at providing investors with direct ownership of physical gold, stemming from investments in gold royalties, the Colorado-based firm said in a press release. In total, investors are expected to receive a 12 cent dividend across several quarterly payments.

The company’s investors can still receive distributions in cash, as is traditional. But Elemental CEO David Cole described the company’s support of Tether’s product as innovative.

“The decision to offer investors a dividend in kind, in the form of Tether Gold, further differentiates Elemental as a forward-thinking, growth-oriented investment,” he said.

Elemental’s stock price fell 7.8% on Tuesday to $19.41, according to Yahoo Finance. The firm makes money by acquiring royalties tied to mining projects. Elemental said its approach avoids risks associated with owning and operating a mine, while maintaining the upside.

Tether’s legacy was built on tokens pegged to the U.S. dollar, but the stablecoin issuer has embraced tokenized gold as the precious metal’s price has surged 66% over the past year. Meanwhile, XAUT’s market capitalization has swelled to $2.5 billion from $714 million.

Gold Is the Real Bubble, Says Ark Invest’s Cathie Wood—Not AI

Earlier this month, the token’s total value peaked at $3.5 billion, according to CoinGecko, as the price of gold rose to new highs.

In January, YouTube rival Rumble said that it had adopted XAUT as a medium of exchange on its platform, allowing users to tip the token to creators alongside Bitcoin and Tether’s flagship stablecoin, USDT. To bolster the token’s use in payments, Tether also introduced the term Scudo, which represents 1/1,000th of a troy ounce of gold and its XAUT token.

Those moves were focused on consumers, but Elemental shows how tokenized gold can be used as a tool in real-world corporate finance, according to Tether CEO Paolo Ardoino.

“This marks a major step forward for the gold industry and shows how tokenized assets can unlock new financial models that were previously out of reach,” he said in a press release, describing previous efforts to integrate the token on Wall Street as difficult.

Tether Will Keep Adding to $24 Billion Gold Stash Held in Former Nuclear Bunker, Says CEO

Earlier this month, Ardoino estimated that the company’s gold holdings stood at 140 tons, nestled within a former nuclear bunker in Switzerland. At the time, that sum was worth an estimated $24 billion. Tether partially backs its $183 billion USDT stablecoin with gold.

At a market capitalization of $2.2 billion, Tether’s XAUT faces competition from PAX Gold. The products debuted within months of each other more than six years ago.

Despite their time in the market, Wintermute is among market makers that have only recently moved to support the token. Last week, the company said that it had begun executing over-the-counter trades in XAUT and PAX Gold on behalf of financial institutions.

The firm that handles billions of dollars in daily trading volume noted that there is robust demand for trading tokenized gold round-the-clock amid de-dollarization pressures. Along those lines, the company forecast that tokenized gold could become a $15 billion market by year-end.

Source: https://finance.yahoo.com/news/precious-metals-royalties-firm-offer-222354334.html

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ELEMENTAL ROYALTY ANNOUNCES INAUGURAL DIVIDEND AND OPTION FOR QUALIFYING REGISTERED SHAREHOLDERS TO RECEIVE TETHER GOLD

February 17, 2026 – Denver, Colorado: Elemental Royalty Corporation (“Elemental” or “the Company”) (TSX-V: ELE, NASDAQ: ELE) is pleased to announce that its Board of Directors has approved an inaugural dividend policy (the “Dividend Policy”). In accordance with the Policy, Elemental expects to declare an annual cash dividend to its shareholders of US$0.12 per Elemental common share, to be paid in quarterly instalments of US$0.03 per share, with the record date for the inaugural dividend to be paid at the end of the first calendar quarter of 2026, and at the end of each calendar quarter following for subsequent dividends.

The Company is also pleased to announce that it anticipates that qualifying registered shareholders will be able to elect to receive their dividend in the form of Tether Gold XAU₮ tokens, of par value to the dividend price, thereby providing Elemental shareholders with direct ownership of physical gold through their investment in gold royalties.

Highlights

  • Maiden Dividend Policy approved by the Board of Directors
  • Expected annual cash dividend of US$0.12 per Elemental share, paid quarterly
  • Anticipated that qualifying registered shareholders will be able to elect that their cash dividends be invested in Tether Gold’s XAU₮ token
  • The Dividend to shareholders is supported by Elemental’s strong projected revenue and cash flow growth profile in 2026 and beyond
  • Further information on how shareholders may elect to receive the dividend or dividend in kind, will be provided in due course

David M. Cole, Chief Executive Officer of Elemental Royalty, commented: “The approval of this dividend policy marks an important milestone in Elemental’s strategic trajectory and reflects our confidence in the strength and momentum of the business; we believe this is the right time to introduce a sustainable, long-term, dividend. The decision to offer investors a dividend in kind, in the form of Tether Gold, further differentiates Elemental as a forward-thinking, growth-oriented investment.”

Stefan Wenger, Chief Financial Officer of Elemental Royalty Corporation, commented“Our inaugural dividend is underpinned by Elemental’s strong balance sheet and future revenue outlook in the near and longer-term: as of December 31, 2025, we had approximately US$53 million of cash and no debt, providing substantial financial flexibility as we continue to invest in growth. We will continue to maintain a disciplined approach to capital allocation, balancing returning capital to shareholders through a progressive dividend which we intend to maintain, or even increase, without compromising on our strategy of accretive growth through the acquisition and generation of precious metals streams and royalties.”

Juan Sartori, Executive Chairman of Elemental Royalty Corporation, commented“We believe the initiation of this dividend policy is a world first for a royalty company: we anticipate enabling qualifying shareholders to elect to have their cash dividend invested in the purchase of the Tether XAU₮ token, thereby facilitating  for shareholders greater exposure to physical gold through Tether Gold’s stablecoin and retaining real long-term value storage via a practical mechanism for gold-denominated investment returns.”

Tara Vivian-Neal

Investor Relations | Elemental Royalty Corporation

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