Ordinary shares expected to commence trading on Nasdaq Global Market on Thursday 22 October 2026 under ticker “DAVI”
Glenn Williams appointed Chief Executive Officer and Jeremy North Chief Operating Officer, effective on commencement of trading
New Operational Directorate established to lead commercialisation, operations, acquisitions and execution of the Group’s growth strategy
DUBLIN, Oct. 20, 2026 /PRNewswire/ — Davion Healthcare Plc (“Davion” or the “Company”), a next-generation digital healthcare company developing proprietary, non-invasive health monitoring technologies, today announces that its ordinary shares are expected to commence trading on the Nasdaq Global Market on Thursday 22 October 2026, under the ticker symbol “DAVI” (Nasdaq: DAVI).
Davion designs, develops and commercialises non-invasive health monitoring technologies intended to make it easier for individuals to monitor their health outside traditional clinical environments. Its core Consumer Health portfolio comprises proprietary, home-based monitoring devices designed to support the early identification of potential medical anomalies.
The Company’s flagship product is BreastCheck, an FDA-registered, non-invasive at-home breast health screening test designed to identify potential abnormalities through changes in breast temperature. The test can be completed at home in less than 15 minutes, with results available through a mobile app or online. BreastCheck is intended to support proactive breast health monitoring and is not a replacement for mammography or clinical diagnosis.
The expected commencement of trading comes during Breast Cancer Awareness Month, as Davion advances the commercialisation and distribution of BreastCheck in the United States and internationally.
Alongside BreastCheck, Davion is developing a broader portfolio of proprietary health monitoring technologies. These include FootFlow, for monitoring indicators associated with circulation and diabetes-related blood flow issues; Testic, an at-home testicular health monitoring system; ThermaDerm, for the identification of skin anomalies; together with further technologies addressing wound monitoring, blood pressure and other areas of preventive healthcare.
Growth through commercialisation and acquisition
Davion’s growth strategy combines the commercialisation of its proprietary technologies with the acquisition of complementary healthcare businesses. Following the adoption of a direct commercialisation strategy in June 2026, the Group is developing its international manufacturing and distribution capabilities while pursuing acquisitions across medical devices, healthcare services, medical distribution, healthcare technology and diagnostics.
The Group is particularly focused on businesses capable of adding revenues, earnings, products, customers and established distribution capabilities.
To support this strategy, Davion recently established Davion Healthcare Finance Ltd and launched a £30 million five-year senior secured bond, providing dedicated financing to support its acquisition programme.
Executive Leadership
Glenn Williams will be appointed Chief Executive Officer and Jeremy North Chief Operating Officer, with both appointments taking effect upon commencement of trading on Nasdaq.
Mr Williams is a healthcare, finance and operations executive with more than 35 years’ experience across healthcare systems, pharmaceutical and medical device companies, insurance and private equity-backed businesses. He has led or participated in more than $1 billion of M&A and due-diligence activity and previously held senior roles at Care Finders Total Care, where he helped prepare the business for its subsequent sale in a transaction valued at more than $350 million.
Mr North has more than 30 years’ experience in corporate finance, M&A, fundraising, business transformation and public markets in the United States and United Kingdom. His previous roles include CEO and CFO of CloudMade Group, where he led the turnaround and subsequent sale of the business to Stellantis, together with prior Nasdaq board experience.
The current Chief Executive Officer, Jack Kaye, will become Chairman upon commencement of trading, continuing to provide strategic guidance to the Group and its Board. Sir Eric Peacock will step down as Chairman and will remain on the Board as a Non-Executive Director.
Operational Directorate
As part of the transition to Davion’s next stage of development, the Company is establishing an Operational Directorate as its principal executive management body, responsible for the day-to-day operation of the Group and execution of its strategy.
Led by Chief Executive Officer Glenn Williams, the Directorate will include the Chief Financial Officer, Chief Operating Officer and Chief Commercial Officer, with other senior executives and advisers participating as required. Its responsibilities will include product commercialisation, international distribution, operational performance, acquisition evaluation and execution, and post-acquisition integration.
The Operational Directorate will report to the Board of Davion Healthcare Plc, which will retain responsibility for overall strategy, governance and oversight, including major financing and capital allocation decisions, material acquisitions, executive appointments and remuneration, risk management, audit, financial reporting and regulatory compliance.
The structure establishes a clear distinction between Board oversight and executive management, supporting the Group’s commercial and acquisition-led growth.
Advisors
Maxim Group LLC acted as financial advisor to the Company in connection with the Nasdaq listing.
Jack Kaye, current Chief Executive Officer and incoming Chairman of Davion Healthcare Plc, commented:
“The expected commencement of trading on Nasdaq is a major milestone for Davion and comes during Breast Cancer Awareness Month as we advance the commercialisation of our flagship BreastCheck technology.
“Alongside our broader portfolio of proprietary health monitoring technologies, we intend to pursue acquisitions that add revenues, earnings and commercial capabilities to the Group.
“The establishment of the Operational Directorate, led by Glenn and supported by Jeremy and the wider executive team, provides the management structure to deliver our growth plans. I look forward to working with them as we build Davion into a substantial international healthcare company.”
“Davion has developed a strong portfolio of proprietary healthcare technologies with significant commercial potential and has established a platform from which we can pursue both organic and acquisition-led growth.
“My focus will be on translating that potential into commercial performance: bringing products to market, expanding our distribution capabilities, strengthening the business operationally and identifying complementary acquisitions capable of accelerating the Group’s development.
“I am delighted to be joining Davion at such an important point in its development and look forward to working with Jack, Jeremy, the Board and the wider team.”
Jeremy North, incoming Chief Operating Officer, added:
“Davion has a clear opportunity to grow both organically and through acquisition. As Chief Operating Officer and a member of the Operational Directorate, my focus will be on execution: developing the Group’s operating capabilities, supporting the evaluation and completion of acquisition opportunities and ensuring that acquired businesses and technologies are integrated effectively.”
Mark Komonoski Partner Integrous Communications Toll Free: 877-255-8483 Mobile: 403-470-8384
About Davion Healthcare Plc
Davion Healthcare Plc is a next-generation digital healthcare company developing proprietary, non-invasive health monitoring technologies designed to support the early identification of medical anomalies outside traditional clinical environments.
The Company’s flagship product, BreastCheck, is an FDA-registered at-home breast health screening test designed to identify potential abnormalities through changes in breast temperature. Davion’s broader portfolio includes technologies addressing circulation and foot health, testicular health, skin anomalies, wound monitoring, blood pressure and other areas of preventive healthcare.
Davion’s growth strategy combines the development and commercialisation of its proprietary technologies with complementary acquisitions intended to expand the Group’s product portfolio and commercial, manufacturing and distribution capabilities.
This announcement contains forward-looking statements within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, those identified by words such as “believes,” “will,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “targets,” “projects” and similar expressions.
The statements in this release are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in these forward-looking statements.
Numerous factors could cause or contribute to such differences, including, but not limited to, the results of product evaluations, studies, regulatory reviews and commercial adoption and/or other studies, clinical trials, the challenges inherent in new product development initiatives, the impact of any competitive products, the Company’s ability to license and protect its intellectual property, its ability to raise additional capital in the future, changes in government policy and/or regulation, potential litigation by or against the Company, any governmental review of its products or practices, and other risks discussed from time to time in the Company’s filings with the Securities and Exchange Commission.
The Company undertakes no obligation to update any forward-looking statements, or any information contained in this press release or in other public disclosures, at any time, except as required by applicable law.
The investing public is reminded that only announcements or information about Davion Healthcare Plc disseminated by the Company and bearing its name are considered official.
Toronto, Ontario–(Newsfile Corp. – October 22, 2026) – Coyote Copper Mines Inc (TSXV: CCMM) (the “Corporation”) is pleased to announce announces that, subject to regulatory approval, it has engaged the services of Independent Trading Group (“ITG”) to provide market-making services in accordance with TSX Venture Exchange (“TSXV”) policies. ITG will trade shares of the Company on the TSXV and all other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the Company’s common shares.
Under the agreement, ITG will receive compensation of CAD$6,500.00 per month, payable monthly in advance. The agreement is for an initial term of one month and will renew for additional one-month terms unless terminated. The agreement may be terminated by either party with 30 days’ notice. There are no performance factors contained in the agreement and ITG will not receive shares or options as compensation. ITG and the Company are unrelated and unaffiliated entities and at the time of the agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the Company.
About Independent Trading Group
Independent Trading Group (ITG) Inc. is a Toronto based CIRO dealer-member that specializes in market making, liquidity provision, agency execution, ultra-low latency connectivity, and bespoke algorithmic trading solutions. Established in 1992, with a focus on market structure, execution and trading, ITG has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors.
Denver, Colorado–(Newsfile Corp. – September 21, 2026) – Elemental Royalty Corporation (NASDAQ: ELE) (TSX: ELE) (“Elemental” or the “Company“) is pleased to announce that it has entered into agreements which, together, are expected to materially increase the scale and cash-generative capacity of the Company’s royalty portfolio, simplify its corporate structure and reduce its ongoing cost base:
Acquisition of Stream and Royalty Portfolio: Elemental has entered into definitive agreements with funds managed by Orion Mine Finance Management LP (collectively, “Orion”) to acquire a high-quality portfolio of precious metals assets consisting of five streams and royalties for total consideration of US$290 million, with US$200 million in cash and US$90 million in equity (the “Acquisition“). The portfolio is expected to be immediately accretive to NAV per share, materially accretive to revenue per share, increases the Company’s precious metals weighting and adds material exposure in North America.
Strategic Divestment and Simplification: in conjunction with the portfolio Acquisition, Elemental announces that it has entered into a non-binding agreement with Carlin East Inc., (“Carlin East“), wherein Carlin East will acquire Elemental’s Generation Business (“Generation Business“), comprising wholly-owned exploration projects and will take on management and shared ownership of the Company’s Option Agreements and selected early stage exploration royalties related to the Generation Business (the “StrategicDivestment“). As consideration for the transaction, Elemental will acquire a cornerstone equity stake in Carlin East, and CEO and Director, David M. Cole, has resigned effective immediately to take up a leadership position at Carlin East. Current COO, President, and Founder of Elemental, Frederick Bell, has been appointed to the role of CEO and Director on the Board.
Highlights
Immediately accretive stream and royalty portfolio acquisition materially increases Elemental’s revenue, scale and exposure to high-quality producing precious metals assets, further adding to the Company’s growth profile
Enhances portfolio quality and diversification, Ruby Hill and Kouroussa will rank in the top five and top ten assets respectively in Elemental’s portfolio, and increase the Company’s exposure to Tier 1 jurisdictions
Strategic Divestment of Generation Business allows Elemental to retain the existing portfolio of over 100 early-stage royalties accumulated over more than a decade and to participate as the largest shareholder in future royalty generation through ownership of Carlin East
Reduction in Elemental G&A by over 25% with additional savings expected and streamlined company structure
Management realignment to reflect this transition, with Frederick Bell, current COO and President, taking on the role of CEO and Director, as David M. Cole steps down to run Carlin East
Elemental Chairman, Juan Sartori, commented: “Together, these transactions mark important milestones in a defining year of growth for Elemental. Over the past twelve months we have exponentially increased the scale of the business, strengthened the quality of our portfolio through high-quality transactions including the combination with EMX, acquisition of Vizsla Royalties, and the Orion portfolio announced today. With these simultaneous transactions we create a larger, simpler and more focused royalty company while retaining the upside directly and indirectly from the Company’s Generation Business. We will continue to deliver on our ambition of building a leading global royalty and streaming company with a dedicated growth trajectory.”
Outgoing Elemental Chief Executive Officer, and current Executive Chairman of Carlin East, David M. Cole, commented: “An economic geologist at heart, I have worked throughout my career to create and deliver shareholder exposure to the fundamental value and optionality of mineral rights. With Carlin East’s acquisition of the project generation arm, we will look to continue providing long-term compound growth as well as delivering value to our shareholders, which will include Elemental going forward.
I am immensely proud of what we have built together over the last year following Elemental’s merger with EMX. Our consolidation established a premium, mid-tier royalty company with a diverse portfolio of top tier royalties, and I look forward to seeing Fred take Elemental on to greater heights still.”
Incoming Elemental Chief Executive Officer, Frederick Bell, commented:“The royalty portfolio we are acquiring is the eighth transaction the company has announced in the past twelve months. It is accretive on both a NAV and revenue basis, aligns the company with proven management teams, further diversifies our revenue base through three producing assets as well as adding a new cornerstone silver stream to our pipeline with i-80’s Ruby Hill project in Nevada. The operators’ track record of successful execution makes them stand out and increases the value we see in their future ability to unlock the exploration optionality that exists across their projects.
In parallel with new royalty and stream acquisitions, we have continued to execute transactions across the royalty generation portfolio with twenty-five projects partnered in the last year, one of the busiest periods for the Company’s team, but one that largely falls under the radar as Elemental grows. We believe that by separating the Generation Business at this point we can realise value from within Elemental’s existing portfolio while simultaneously reducing the Company’s cost base, capital requirements and simplifying the corporate structure. A streamlined, simpler and increasingly cash-generative Elemental will emerge as the largest shareholder in a dedicated generation company led by a management team we know well.
Lastly, we are grateful to Dave Cole for his years of work and commitment helping the Company to reach this stage, and are pleased that he will remain a material shareholder moving forwards. Our focus remains firmly on execution, disciplined growth and converting the strength of our portfolio into enduring value for all our shareholders.”
Conference Call and Webcast Elemental will hold a conference call and webcast on Tuesday, September 22, 2026 at 11:00 a.m. Eastern Time (8 a.m. Pacific Time) to discuss these transactions.
The webcast registration can be accessed by visiting the Presentation and Events page on the Company’s website at: https://www.elementalroyalty.com/investors/presentation-events/. An archived version of the webcast will be available on the website for one year following the webcast.
Elemental has acquired a portfolio of streams and royalties from Orion, including a silver stream on i-80 Gold Corp’s Ruby Hill Complex, and a gold stream on Mansa Resources’ Kouroussa Mine which will rank in the top five and top ten assets respectively in Elemental’s portfolio. The Acquisition provides material and immediate uplift to the Company revenue base, with Kouroussa, La Negra, and Ruby Hill delivering cash flow from day one, further expanding and complementing Elemental’s unmatched growth profile, with anticipated catalysts advancing Snowy River and the Homestake District toward production.
Overview of Assets
Asset
Operator
Location
Commodity
Stage
Royalty/ Stream
Ruby Hill Complex and Granite Creek
i-80 Gold Corp.
Nevada, USA
Gold, Silver
Producing
50% silver stream
Kouroussa
Mansa Resources
Guinea
Gold
Producing
5% gold stream
La Negra
Silverco Mining
Mexico
Ag-Pb-Zn-Cu
Producing
2.5% GR royalty
Snowy River
Endura Mining
New Zealand
Gold
Near-term production
1% gold stream
Homestake District
Dakota Gold
South Dakota, USA
Gold, Silver
Development
1% NSR royalty
Updated Guidance Subject to completion of the Acquisition, the economic benefit of the three producing assets in the Orion Portfolio will accrue to Elemental from August 1, 2026. Reflecting the expected contribution from these assets, strong performance from the existing portfolio year to date and updated commodity-price assumptions, Elemental has updated its 2026 GEO sales guidance to 19,500 – 22,000 GEOs.
This increased guidance comprises an expected 18,000 – 20,500 GEOs from the existing Elemental portfolio, updated from 17,000 – 21,000 GEOs as at Q2 2026, and an incremental 1,500 GEOs expected from the Orion Portfolio for the period August 1, 2026, to December 31, 2026.
At assumed commodity prices of US$4,500 per ounce of gold and US$6.00 per pound of copper, Elemental expects 2026 revenue of US$89.8 – US$101.1 million.
The GEO and revenue guidance is presented on a gross basis. Under the Kouroussa stream, Elemental is required to make ongoing cash payments equal to 20% of the applicable gold price for each ounce delivered, which will be recorded as cost of sales.
Terms of the Acquisition & Timing The total consideration for the Acquisition payable to Orion upon close of the transaction comprises US$200 million in cash and US$90 million in the form of 4,289,053 Elemental shares, representing approximately 5.6% of issued and outstanding shares in the Company. The Acquisition is subject to customary closing conditions, including Toronto Stock Exchange approval to list the Elemental consideration shares and, with respect to the Snowy River stream, customary regulatory approval from the New Zealand government.
The Acquisition is expected to complete in Q4 2026 or, with respect only to the Snowy River stream, up to Q1 2027.
Upsized Credit Facility To fund the cash consideration for the Acquisition, Elemental has secured a commitment from National Bank of Canada to increase the committed amount available under the Company’s existing revolving credit facility from US$150 million to US$250 million. The existing US$50 million accordion feature will be retained, providing potential total capacity of US$300 million, subject to additional lender commitments and the satisfaction of customary conditions.
The amended Facility is expected to become effective on or prior to completion of the Acquisition.
STREAMING AND ROYALTY PORTFOLIO ASSETS
The acquisition introduces several meaningful cash-flowing and development stage assets to Elemental’s royalty portfolio:
Ruby Hill Complex and Granite Creek Elemental is entitled to receive 50% of silver production from select assets owned and operated by i-80 Gold Corp. (“i-80“), which, inter alia, include the Archimedes, and Mineral Point properties, (collectively, “Ruby Hill Complex“), and the Granite Creek property, at a purchase price equal to 20% of the spot silver price. The stream is currently delivering from i-80’s Archimedes property, with a step change in deliveries expected upon production commencing at Mineral Point, anticipated in 2031. Pursuant to the structure of the agreement, the stream steps down to 10% after delivery of 2.5 million ounces of silver (with 1.3 million ounces remaining) and has no further cap thereafter. Upon step-down, the Granite Creek property will be removed from the Elemental Area of interest (“AOI“).
The 100% owned Ruby Hill Complex and Granite Creek properties are located in northern Nevada, USA, a tier one mining jurisdiction. The properties are located along the prolific Getchell and Battle Mountain-Eureka gold trends, close to established mining infrastructure and major operations including Nevada Gold Mines’ Turquoise Ridge and Twin Creeks mines. Granite Creek includes an operating high-grade underground mine and a large open-pit development project, while the Ruby Hill Complex includes the Archimedes underground mine and the Mineral Point open-pit gold-silver development project. The stream includes the entire Ruby Hill complex, which covers ~14,272 acres, providing exposure to high-grade polymetallic exploration zones including Blackjack, Jackson, and Hilltop, among others.
i-80 is well-capitalised following a US$775 million financing package secured in March 2026, providing financial flexibility and capex requirements to fast-track development at Mineral Point, with an extensive drill programme already underway, designed to support an updated resource estimate and technical report for the property.
Kouroussa Elemental will receive 5% of gold production from the Kouroussa Gold Mine, operated by Mansa Resources (“Mansa“), at a purchase price equal to 20% of the prevailing gold spot price. Pursuant to the agreement, the stream steps down to 2.5% upon the later of either: November 2037, or on the total delivery of 39,800 ounces of gold under the stream. Once the stream steps down, there will be no associated cap. Mansa has a has a one-time buyback right exercisable before November 2028 to reduce the stream percentage in half by paying US$22,500,000 to Elemental.
The Kouroussa Gold Mine is located near the town of Kouroussa in eastern Guinea, approximately 440km east of Conakry, within the highly prospective Siguiri Basin. Kouroussa is a high-grade, producing open-pit gold mine and the flagship asset within Mansa’s portfolio. The operation is centred on the Koekoe deposit, with additional mineralisation identified across several nearby deposits and significant potential for further resource expansion.
Mansa is a private west African gold producer, formed through major shareholder, Nioko Resources Corporation’s take-private of Hummingbird Resources plc in March 2025. Mansa also own and operate the development-stage Dugbe project in Liberia, over which Elemental has a 2-2.5% NSR Royalty.
La Negra Elemental has acquired an uncapped 2.5% Gross Revenue Return (“GRR“) royalty over a total acreage of 829km2, encompassing the entirety of the La Negra underground polymetallic mine in Mexico, owned by Silverco Mining (TSXV: SICO) (“Silverco“).
The La Negra Mine is located in Querétaro State, central Mexico, approximately 150km by paved road from Querétaro City. Now 100% owned by Silverco Mining, La Negra is a producing underground silver-lead-zinc-copper mine with an operating history dating back to 1971. Operations were restarted in 2024, and Silverco is focused on increasing throughput at the mill to reach nameplate capacity of ~2,500tpd / ~900ktpa, and will look to update the resource and Mine Plan and expanding the mineralized system through exploration.
Silverco is a growing Mexico-focused silver producer, with a demonstrated history of success in building and leading mining companies across both board and management teams.
Snowy River Elemental is entitled to receive 1% of gold production from the construction-stage Snowy River Gold Project, being developed by operator Endura Mining (“Endura“). Pursuant to the agreement, the stream is effectively capped upon reaching 675koz of gold.
The Snowy River Gold Project is located near Reefton on the West Coast of New Zealand’s South Island, on the site of the historic Blackwater Mine. Fully permitted, Snowy River is a high-grade underground gold project and Endura’s flagship development asset. Underground development and processing plant construction are underway, with first gold targeted for December 2026, and annual production of 60+koz per year thereafter. The project is expected to re-establish large-scale gold production in the historic Reefton Goldfield and form the foundation of Endura’s broader growth strategy.
Endura is a privately owned mining company led by a team with proven track record of building and running gold companies with strong shareholder alignment. Endura Mining is well capitalised to complete construction, with strong support from major shareholders AustralianSuper and Orion Resource Partners.
Homestake District Elemental’s interest comprises two separate 1% Net Smelter Return (“NSR“) royalties over several properties in the Homestake District, South Dakota, USA, owned and operated by Dakota Gold Corp. (NYSE American: DC) (“Dakota Gold“). The properties include coverage over Dakota Gold’s flagship asset, Richmond Hill, a development-stage, large scale gold-silver open-pit heap-leach project, and numerous other mining claims throughout the Homestake District.
The Richmond Hill Gold Project is located near Lead, South Dakota, within the historic Homestake Mining District and 4km north of Coeur Mining’s producing Wharf Mine. The brownfield project is primarily located on previously mined private land, and benefits from existing infrastructure, with first production anticipated in 2029, with substantial potential for further resource expansion.
Dakota Gold is led by an experienced management and leadership team with strong local knowledge and proven track record with operational success at the Homestake and Wharf mines. The company is well capitalized for development through the completion of the feasibility study, anticipated in H1 2027.
The royalties provide district scale optionality and add further upside to Elemental’s unmatched growth profile.
STRATEGIC DIVESTMENT AND SIMPLIFICATION
Divestment of Project Generation Arm Concurrent to the portfolio Acquisition, Elemental announces that it has entered into a non-binding agreement with Carlin East, wherein Carlin East will acquire the Company’s Generation Business, while managing and sharing economic interests in a number of Option Agreements and 20 early-stage exploration royalties related to the Generation Business. Upon completion, the associated business infrastructure and certain members of the management and technical team currently working across Elemental’s project generation team, will join Carlin East.
Corporate Overview and Terms Pursuant to the agreement, Elemental will receive shares in Carlin East with a deemed value of US$8.5 million, expected to represent approximately 19.9% on a post-financing basis. Further to this, Elemental will, inter alia, retain 50% of all existing and future production royalties arising from transferred alliance agreements, transferred option agreements and transferred royalties; and receive 50% of certain royalty buyback proceeds. From 2027 to 2030, Carlin East retains the first US$1.5 million of annual cash portfolio payments, with Elemental receiving all cash payments above that threshold. From 2031 onwards, Carlin East will receive 100% of the portfolio payments. Generation costs between term-sheet signing and closing, and certain transfer taxes and duties, will be shared 50/50 between Elemental and Carlin East, subject to the definitive documentation surrounding the transaction.
Carlin East, which will remain a private entity, intends to complete an equity financing alongside the transaction.
Financial Upside to Elemental Elemental has now reached a size and scale where value proposition has evolved to reflect a focus on sourcing cash-generative royalties and streams; this divestment therefore improves operating leverage and increases free cash flow conversion.
As a result of the Strategic Divestment of the generation business, Elemental will reduce company headcount by over 50%, with the transfer of generation offices and personnel in North America, Fennoscandia, Serbia, Turkey, and North Africa. Pursuant to this, Elemental anticipates a reduction in annual cash expenses of approximately US$6 million, or approximately 25% of current projected annual cash expenditures, with further efficiencies expected over time.
Following completion of the transaction and Strategic Divestment, Elemental will have a more streamlined corporate structure, materially lower cost base, enhanced immediate and near-term revenue and a larger portfolio of producing royalties, while retaining meaningful exposure to long term optionality through the generation model and cornerstone equity investment in Carlin East.
Management Transition As part of the Strategic Divestment, David M. Cole has resigned as Chief Executive Officer and Director on the Board with immediate effect, in order to take on the full-time role of Executive Chair of Carlin East, where his extensive technical expertise, entrepreneurial track record, and knowledge of the generation portfolio will support the next stage of its development.
Frederick Bell has been appointed Chief Executive Officer of Elemental, and Director on the Board, having most recently served as President and Chief Operating Officer following the combination of Elemental and EMX. Frederick is a founder of Elemental and was previously Chief Executive Officer from 2017 until 2025.
Elemental Chairman, Juan Sartori, commented: “On behalf of the Board, I would like to thank Dave for his leadership and the contribution he has made to Elemental. Dave has helped shape the business we have today and it has been a pleasure to work with him over the past year. We are delighted that his experience and entrepreneurial approach will continue to benefit the Company through our cornerstone shareholding and shared interests in Carlin East, where the generation business will continue.
At the same time, we are very pleased to welcome Fred back to the role of CEO, a position he held from Elemental’s founding. Fred has played a central role in the Company’s development, with a track record of consistently identifying and executing accretive transactions and leading a step-change in Elemental’s scale, asset quality and market position. We have great confidence in Fred’s leadership and his ability to continue to add shareholder value by building on the strong foundations established.”
Conditions to Close & Timing Completion remains subject to, among other things, the negotiation and execution of definitive documentation between Elemental and Carlin East, completion of Carlin East’s concurrent financing and satisfaction of other customary conditions. Elemental will look to complete this divestment in October 2026, currently contemplated no later than October 31, 2026, subject to confirmation and extension by agreement.
Advisors McCarthy Tétrault LLP is acting as legal advisor to Elemental. Troutman Pepper Locke LLP is acting as U.S. legal counsel to Elemental.
National Bank of Canada Capital Markets is acting as financial advisor to Orion. Torys LLP is acting as legal advisor to Orion.
Davis Graham & Stubbs LLP is acting as legal advisor to Carlin East.
Qualified Person 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.
NASDAQ: ELE | TSX: ELE | ISIN: CA28620K1066 | CUSIP: 28620K1066
About Elemental Royalty Corporation Elemental is a mid-tier, gold-focused streaming and royalty company with a globally diversified portfolio of approximately 20 producing assets and more than 260 royalties, anchored by cornerstone assets and operated by world-class mining partners. The Company’s disciplined capital allocation and investment strategy combines immediate cash flow with significant embedded growth, providing a differentiated pathway to long-term value creation. Elemental benefits from a high-quality and diversified asset base, strong organic growth potential and sector-leading management expertise.
Elemental trades on Nasdaq and on the Toronto Stock Exchange under the ticker Symbol “ELE”.
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 completion of the Acquisition and other transactions described in this news release, including any required approvals, and the timing thereof; 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.
References to nearby mines, deposits and projects are provided for geological and regional context only. Mineralization on nearby or adjacent properties is not necessarily indicative of mineralization on the properties in which Elemental holds, or has agreement to acquire, a royalty interest.
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 ability of the relevant parties to complete the Acquisition and the other transactions described in this news release; the receipt of approvals necessary for, and the satisfaction of other closing conditions to, the Acquisition; 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.
Toronto, Ontario–(Newsfile Corp. – September 15, 2026) – Coyote Copper Mines Inc. (TSXV: CCMM) (“Coyote Copper” or the “Company “) is pleased to announce that it has received full approval for its Phase 1 drill permits at the Company’s wholly owned Copper Springs Project (the “Project“), following completion of its Plan of Operations. A total of 37 drill locations has been authorized, each capable of hosting multiple drill holes. The Company has three (3) years to complete drilling and reclamation activities.
Dan Weir, CEO of Coyote Copper Mines Inc., stated: “Receiving our Phase 1 drill permits allows us to begin testing what we believe is a very large porphyry copper system. The scale of the geophysical anomalies, the strength of copper geochemistry, and the structural and intrusive architecture we have mapped all point to a significant mineralized environment. Several major mining companies have already visited the Project – some multiple times – and their technical feedback has reinforced the potential we see at Copper Springs. With 37 approved drill sites, expanding geophysical coverage, and a growing land package, we are entering Phase 1 drilling with a disciplined, systematic approach. We look forward to advancing this exceptional project.”
Figure 1. The Arizona Copper Triangle and Coyote Copper Mines Copper Springs Project
This Phase 1 drilling campaign (the “Campaign“) will test both shallow oxide and deeper sulphide Copper targets across the Copper Springs Project. The targets were defined through successful prior exploration programs, including mapping, sampling, and multiple generations of geophysical surveys. Additional soil sampling, channel sampling, and new geophysical work are underway to refine drill targeting. Permitting for Phase 2 drilling will begin shortly.
Operating copper mines across the western United States typically report grades between 0.2% and 0.5% Cu. Capstone Copper’s Pinto Valley Mine, located just north of Coyote Copper’s project, has a Proven and Probable grade of 0.32% Cu. Achieving similar grades during drilling would be highly encouraging.
The Company is also expanding its land position with the staking of 111 new claims (20.66 acres each), increasing the Project’s footprint from 63.33 km² (15,649 acres) to 72.36 km² (17,880 acres).
Updated Geophysical Programs
Phase 1 of the 2D Induced Polarization (IP) survey is underway, covering 17 line-kilometres across lines L1 through L7 in the central-eastern portion of the Project. Completion is expected by mid-September.
Phase 2 of the IP program (lines L8 through L12) will focus on the Gibson area and the surrounding “Donut” feature identified in earlier surveys.
Figure 3. The “Donut” geophysical feature and outlined Phase 1 and 2 IP program lines.
The Copper Springs Porphyry Copper System – the Conceptual Exploration Target
Based on the current geophysical and geochemical dataset, the Project area hosts a 3 km × 3 km × 1.4 km subsurface anomaly interpreted to represent a large intrusive-hydrothermal center consistent with a Porphyry Copper System. Surface and near-surface soil and bedrock sampling has returned copper values up to 1,000 ppm (0.1%), indicating strong hydrothermal signature and confirming the presence of a significant mineralized footprint.
The scale of the geophysical anomaly and the strength of copper geochemical anomalies are consistent with Tier-1 porphyry copper systems such as those found in the Arizona Copper Triangle, where large open-pit deposits typically grade 0.2 to 0.5% Cu with localized higher-grade zones.
The Project therefore represents a high-priority, Tier-1-scale exploration target, warranting systematic drilling to evaluate the presence, continuity, and grade of copper mineralization.
Notice of Warrant Acceleration
Certain warrants to purchase common shares of the Company (the “Warrants“) contain the following provision:
“Upon the Company receiving its drill permits, then the Company may deliver a notice (the “Acceleration Notice“) to the Warrant holder notifying such Warrant holder that the Warrants must be exercised within thirty (30) calendar days from the date of the Acceleration Notice, otherwise the Warrants will expire at 4:00 p.m. (Toronto time) on the thirtieth (30th) calendar day after the date of Acceleration Notice.”
At a recent meeting of the Board of Directors of the Company, it was approved to accelerate the Warrants upon receipt of the Phase 1 drill permits.
The following Warrants are affected by the acceleration clause:
7,519,044 Warrants with an exercise price of $0.15 from a financing that was completed in July and August of 2025.
1,644,174 have been exercised
The balance outstanding is 5,874,870
If all Warrants are exercised $881,230.50 would be received by the Company .
10,859,990 Warrants with an exercise price of $0.20 from a financing that was completed in January and February of 2026
285,716 have been exercised
The balance outstanding is 10,574,274
If all Warrants are exercised $2,114,854.80 would be received by the Company.
1,052,152 finder’s Warrants with an exercise price of $0.14 from a financing that was completed in January and February of 2026
None have been exercised
If all Warrants are exercised $147,301.28 would be received by the Company
The total amount to be received by the Company if all Warrants are exercised would be $3,143,386.58.
The acceleration date is the date of this press release being September 15, 2026. Notice of the acceleration of the Warrants is also being sent separately to all holders of Warrants.
Warrant holders will have until October 15, 2026 at 4:00 p.m. (Toronto Time) to exercise their Warrants, or these Warrants will expire.
To exercise Warrants a holder of Warrants should:
Fill out the back of the Warrant certificate and email it to DanWeir@CoyoteCopper.com by October 15, 2026 at 4:00 p.m. (Toronto Time); and
Send a money wire transfer for the exercise price of the Warrants which must be received by the Company by October 15, 2026 at 4:00 p.m. (Toronto Time).
Note: The Company has also issued 17,176,742 warrants in connection with a financing which were issued on May 28, 2026 and June 15, 2026. The exercise price of these warrants is $0.50. These warrants do not have an acceleration clause.
Qualified Person
Michael N. Feinstein, PhD, CPG, is a “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. Mr. Feinstein is independent of the Company.
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 of the Company have not been and are not expected to 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 absent registration or an applicable exemption from registration requirements.
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 Company.
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 foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information in this news release includes, without limitation, statements regarding, planned exploration activities including drilling, permitting for exploration, environmental remediation outcomes, and the potential for mineral resource delineation on the property. Forward-looking information is based on currently available 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 Company 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 Company 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 reflects 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 risk factors applicable to mineral exploration companies, including risks related to title to mineral properties, environmental liabilities, permitting delays, exploration results, and commodity prices. Although the Company 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 Company 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.
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:
The soil samples, both Copper and Molybdenum, values were higher than expected.
The soil samples validate the Geophysics previously press released on May 12, 2026.
We staked an additional 2,000 acres to the southeast due to the soil sample results.
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-MTgeophysical surveys along side of the Copper soil samples
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.
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.
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.
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)
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:
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.
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.
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
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
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
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.
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.
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.
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.
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”.
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.
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
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“).
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”.
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.
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.
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
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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 “CommonShare“) and one half (½) Common Share purchase warrant (a “HalfWarrant“) 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.
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:
Hyperspectral 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 permits
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
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
What is a “Donut” Geophysical Anomaly? Also known as the “BHP Donut”
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.
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.
Geological Mapping Confirms a Multi-Kilometre Hydrothermal System:
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.
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
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.
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