Benton Plans to Spin Out Great Burnt Copper-Gold Project to Shareholders for $15.0 M Valuation in Conjunction with Concurrent $10.0 M Financing

(TSXV:BEX) Benton Resources Inc. announced the execution of a letter agreement dated July 24, 2026, with Silverback Metals Corp. to create a new well-funded public resource company ('Spinco') which will own several mineral projects including Benton's Great Burnt Project. A private placement to be completed concurrently with the closing of the agreement will provide $10 million in immediately available exploration funds. Benton shareholders will collectively own a direct 45% stake in Spinco and its Great Burnt project, with Benton retaining a 5% shareholding in Spinco and a 1% uncapped Net Smelter Return (NSR) royalty in certain claims on the project. The transaction provides Benton and its shareholders with an imputed direct $15.0 million dollar value for the Great Burnt Project, based on the $10 million financing for 33% of Spinco. The arrangement is targeted to close in November, 2026, subject to conditions including negotiation of a definitive agreement, shareholder and court approvals, TSX-V approval, and completion of the private placement. Shareholder approval will be sought at a meeting to be convened for about mid-October 2026, and further details will be included in an information circular to be mailed in September. Benton will retain a 1% NSR on the Great Burnt property, one-half of which can be purchased by Spinco for $1 million.

Alpha Announces Preliminary Financial Results for Second Quarter 2026

(NYSE: AMR) Alpha Metallurgical Resources, Inc. announced preliminary financial results for the second quarter ending June 30, 2026, reporting a net loss of $12.3 million, or $0.96 per diluted share. Adjusted EBITDA for the quarter was $25.6 million, with total coal revenues of $491.5 million and non-GAAP coal revenues of $421.3 million. The company sold 3.5 million tons of coal in the quarter, with a Met segment coal sales realization of $118.71 per ton and a non-GAAP cost of coal sales per ton of $103.07. As of June 30, 2026, Alpha had total liquidity of $447.8 million, including $307.6 million in cash and cash equivalents, $30.9 million in short-term investments, and $184.3 million of unused availability under its ABL facility. The company had acquired approximately 7.0 million shares of common stock at a cost of approximately $1.2 billion since the start of its share repurchase program, with $13.5 million spent in Q2 2026 for roughly 69,000 shares. Alpha is lowering its 2026 metallurgical coal sales volume guidance to a range of 13.2 million to 14.0 million tons and increasing its cost of coal sales guidance to $103.00 to $107.00 per ton. The company plans to release its definitive second quarter financial results on August 7, 2026.

Talon Metals Announces Leadership Transition

(TSX: TLO) Talon Metals Corp. announced that Mike Kicis will step down from his role as President effective August 1, 2026, and will remain engaged as a consultant for up to three months following that date. Darby Stacey, Chief Executive Officer, will oversee the transition, with Mr. Kicis' responsibilities distributed among Talon's existing leadership team and external resources. Talon owns 100% of Eagle Mine and Humboldt Mill in Michigan, with Eagle Mine being the only primary nickel mine currently operating in the United States. The company is also advancing the Tamarack Nickel-Copper-Cobalt Project in central Minnesota through a joint venture with Rio Tinto, currently owning 51% and holding an earn-in right to acquire up to 60%. Talon's Beulah Minerals Processing Facility in Mercer County, North Dakota, was selected by the U.S. Department of Energy for a US$114.8 million funding grant, and the U.S. Department of War awarded Talon a grant of US$20.6 million. The Tamarack Project comprises a large land position, including 18 kilometers of strike length, with additional high-grade intercepts outside the current resource area. The company projects that Mr. Kicis will continue to provide services as a consultant for a period of up to three months.

Barksdale Meets Technical Milestones for Phase II Earn-In and Updates SUN26-013R Assay Result of 65.5 Metres of 0.47% Cu and 1.24 g/t Ag, Including 7.6 Metres of 1.93% Cu and 1.96 g/t Ag

(TSXV: BRO) (OTCQB: BRKCF) Barksdale Resources Corp. announced that its 2026 drill program at its 51% owned Sunnyside property has exceeded the required 25,000 ft drill requirement stipulated in the Company's joint venture agreement with Great Basin Metals, paving the way for the Company to increase its ownership to 67.5%. Barksdale has now met all spend and drilling requirements as outlined in the JV Agreement and expects to release the final C$550,000 cash and 4,900,000 share payments upon written confirmation by GBM that all Phase II earn-in requirements have been met. The overlimit portion (>10,000 ppm) of four assays from hole SUN26-013R stated as 25 ft of 1.93% Cu from 615 ft to 640 ft were not included in the 615ft to 870ft, 255 ft interval average grade calculations in the July 20, 2026, press release. The updated intervals and average grade calculations are highlighted in Table 1. The company's geologists believe that these four holes taken together likely connect a large zone of copper lode vein mineralization that is continuous over greater than 600m of strike and continues to depths of up to 1,000m. The company projects the anticipated release of the escrowed cash payment of C$550,000 and 4,900,000 shares, and the anticipated increase in the Company's ownership interest in the Sunnyside property to 67.5%.

Copper Intelligence Highlights Strategic Positioning Following Executive Order Strengthening Defense Supply Chains and Critical Materials Supply

(OTC:CUAI) Copper Intelligence highlighted the strategic alignment of its copper exploration and development initiatives following the President of the United States Executive Order, "Securing America's Defense Supply Chains and Ensuring Domestic Acquisition of Critical Materials." The Executive Order is intended to strengthen the U.S. defense industrial base and reduce reliance on foreign adversaries for critical minerals and other strategic materials. Copper Intelligence recently announced the acquisition of the Kitungu Exploration License PR-15880, expanding the company's portfolio beyond its Eastern Congo Butembo exploration program into the highly prospective Copper Belt of southern DRC. The company has also announced a strategic joint venture with CoTec Holdings Corp. focused on processing historical copper tailings in the country. The Democratic Republic of Congo is among the world's largest copper-producing regions, with the country accounting for approximately 65% of newly announced copper reserves worldwide in 2023, according to S&P Global Market Intelligence. Copper Intelligence is the first stand-alone DRC-focused copper company to be publicly traded in the United States. The company believes its expanding portfolio and recent processing initiatives position Copper Intelligence to participate in meeting the world's growing demand for a secure, diversified copper supply.

Critical One Energy Announces Positive Lab Results from Howells Lake Preliminary Metallurgical Study

(CSE: CRTL) (OTCQB: MMTLF) Critical One Energy Inc. announced positive results from a preliminary metallurgical study at its Howells Lake Antimony-Gold Project in northwestern Ontario, Canada. The study, completed by Blue Coast Research Ltd. in Parksville, British Columbia, found that antimony in the samples is hosted mainly in stibnite (Sb₂S₃), with modal abundance ranging from 10.9% to 97.1% across four samples from drill hole HWL-2026-006. Stibnite liberation ranged from 92.8% to 99.1%, and berthierite liberation ranged from 84.9% to 89.7% after grinding to a target size of 106 micrometres (µm). Grades in the four samples ranged from 1.41% to 70.7% Sb, and no arsenic or mercury-bearing minerals or other deleterious materials were identified. The study used TIMA™ (Tescan Integrated Mineral Analyzer) to analyze the samples and provides mineralogical information for the next phase of metallurgical work. The company projects that follow-up testing will assess flotation response, antimony recovery, concentrate quality, and variability across a broader range of Howells Lake mineralization. Critical One Energy Inc. also holds uranium and copper assets in Namibia.

Troilus Selected by the Government of Quebec to Receive Specialized Support Through the New Filon Initiative for Strategic Mining Projects

(TSX: TLG; OTCQX: CHXMF) Troilus Mining Corp. announced that the Troilus Project has been selected by Québec's Minister of Natural Resources and Forests as one of the first projects to benefit from Filon, a specialized support service established by the Government of Québec. The Troilus Project submitted the Environmental and Social Impact Assessment ("ESIA") in June 2025 and is currently advancing detailed engineering and project financing. In June 2026, the Project secured a 70 MW hydroelectric power allocation from Hydro-Québec and the Ministère de l'Économie, de l'Innovation et de l'Énergie ("MEIE"). The company holds a large land position of 435 km² in the Frôtet-Evans Greenstone Belt in Quebec, Canada. A Feasibility Study completed in May 2024 supports a large-scale 22-year, 50ktpd open-pit mining operation. The Troilus Project is among the first to receive specialized support through the Filon initiative, reflecting its strategic importance to Québec's critical minerals objectives and its advanced stage of development. The company is currently advancing toward a construction decision.

Cotabambas Project - Growth in Exploration Activities

(TSXV: PML) (BVL: PML) (OTCQB: POROF) Panoro Minerals Ltd. announced the arrival of a second drill rig and the commencement of drilling at the South Pit of its 100% owned Cotabambas Copper, Gold and Silver Project in the Apurimac region of southern Peru. The expanded 45,000 m drill program, announced in June 2026, is underway, with the second rig targeting high-grade mineralization and the first rig continuing drilling at adjacent locations. The company has commenced a ground geophysics program at Target #7, covering a 4 km2 area with three skarn bodies outcropping over 400 to 500 m along strike and widths of 30 to 60 m, and plans to start a TITAN deep geophysics survey in October over an area of 3 km x 5 km with around 14 lines spaced 300 m apart. A machine learning study is integrating data from approximately 230 drillholes and close to 49,000 assayed samples, with results expected within approximately three months. Panoro has secured $C 31 million in funding in 2026 and is advancing a metallurgical testing program, with initial results from the first phase expected by the beginning of the fourth quarter of 2026. The Cotabambas Project hosts Indicated Mineral Resources of 507.3 million tonnes grading 0.33% copper, 0.20 g/t gold, 2.42 g/t silver, and 0.0021% molybdenum, and Inferred Mineral Resources of 496.0 million tonnes grading 0.27% copper, 0.17 g/t gold, 2.53 g/t silver, and 0.0027% molybdenum. The company is targeting expansion of its higher-grade resources with its current drill program.

Prospector Closes Subscription Receipt Financing Intended for Lightning Resource Corp.

(TSXV: PPP) (OTCQB: PMCOF) (TSXV: BMET) (OTCQB: BMTLF) — Prospector Metals Corp. and BeMetals Corp. announced that Prospector's wholly-owned subsidiary, Lightning Subreceipt Financing Corp. ("Finco"), has closed its offering of 8,000,000 subscription receipts at a price of $0.50 per Subscription Receipt for aggregate proceeds of $4,000,000. The Resulting Issuer will acquire Prospector's non-Yukon mineral exploration projects in exchange for 29,400,000 common shares of BeMetals. Finders' fees in an aggregate amount of $180,000 and 360,000 warrants of the Resulting Issuer will be payable on conversion of the Subscription Receipts. Michael Rockandel, Vice President of Corporate Communications of Prospector, subscribed for an aggregate of 10,000 Subscription Receipts for aggregate proceeds of $5,000. The net proceeds from the Offering will be used by the Resulting Issuer for exploration and development of the acquired assets, to identify and evaluate new opportunities, and for general working capital and administrative purposes. Prospector has received the approval of the Supreme Court of British Columbia permitting the Return of Capital, and shareholders of BeMetals approved all matters presented at BeMetals' annual general and special meeting of shareholders held on July 3, 2026. The company projects that closing of the Transaction is subject to the satisfaction of certain closing conditions, including the final approval of the TSXV for the Transaction.

GT Resources Receives 10-Year, Class III Exploration Permit for the Canalask Copper - Nickel Project, Yukon

(TSXV: GT) (OTCQB: CGTRF) GT Resources Inc. announced it has received a Class III Exploration Permit, which is valid for 10-years, for the road accessible Canalask Copper - Nickel Project in the Yukon. In 2024, the Company undertook a drill program at Canalask which returned 1.95% nickel, 0.05% copper, 0.03% cobalt, 0.19 g/t gold, and 0.44 g/t palladium over 33.5 meters near surface in Hole CSK24-05 in the Footwall Zone. The Canalask Project is located in the Whitehorse Mining District, approximately 320 km west of Whitehorse and is road accessible from the Alaska Highway near Beaver Creek, Yukon. The Project also possesses copper-gold skarn-style mineralization with drill intersection of up to 2.4% Cu and 3.1 g/t Au over 1.0 meter in hole CSK24-05. The Historical Resource Estimate on the Main Zone (also referred to as the Footwall Zone) of the Canalask Project is quoted at 400,000 tonnes at 1.35% nickel by Discovery Mines Ltd. in 1968. In Finland, the Company is advancing its flagship Läntinen Koillismaa ("LK") Project, which hosts significant mineral resources including palladium, platinum, gold, copper, and nickel. The quality and scale of the Company's project portfolio has attracted strategic investment from Glencore plc.

Azteca Refurbishment Update

(AIM: KDNC) Cadence Minerals plc announces that refurbishment of the Azteca processing plant at the Amapá Iron Ore Project has progressed from 48% to 77% weighted physical completion since the Company's previous operational update, exceeding the planned 72% completion at the reporting date. The hopper, transfer conveyor, and process tank installation have been completed, while screen refurbishment is approximately 98% complete. Magnetic separation has reached approximately 69% completion and electrical installation approximately 43% completion, with 43 of the 64 identified work packages now complete. The metallurgical programme confirmed the proposed processing flowsheet for production of approximately 65% Fe iron ore concentrate from feed material grading approximately 48% Fe, with approximately 53% mass recovery and 72.8% iron recovery. As at the end of 31 May 2026, Cadence's total investment in the Amapá Project is approximately US$16.1 million, representing a 36.2% equity stake. The Project hosts a JORC-compliant Mineral Resource of 276 million tonnes at 38% Fe and a Proven and Probable Ore Reserve of 195.8 million tonnes at 39.34% Fe. The company continues to target operational readiness by the end of August 2026, subject to successful commissioning and receipt of the Operating Licence.

Rokmaster Options Undrilled Porphyry Copper Target in Northern Chile

(TSXV: RKR) (OTCQB: RKMSF) Rokmaster Resources Corp. announced it has entered into an option agreement with Patrick James Burns to acquire 100% of the Cristal Property in Northern Chile, comprising approximately 9 km² of contiguous exploitation mineral concessions. The total consideration for the acquisition is 21,000,000 common shares of Rokmaster, issuable over 36 months, and US$70,000 in cash. Upon exercise of the option, a 2.5% net smelter returns royalty (NSR Royalty) will be granted to the Optionor, with partial buy-back rights for US$1,000,000 each for two 1% portions, subject to CPI adjustment. The Option Period is 36 months from the date of the Option Agreement, and the transaction is subject to acceptance by the TSX Venture Exchange. The Cristal Project is located approximately 10 km south of the Peruvian border and is considered highly prospective for a large-scale, buried porphyry copper system, with potentially mineralized rocks interpreted to occur approximately 600 to 800 metres below surface. Rokmaster also announced the appointment of Matthew Parent as President & Director of the company, effective immediately. The company projects that the Cristal Project adds meaningful discovery upside to Rokmaster while complementing its existing portfolio of high-potential exploration assets.

Tertiary Minerals — Non-Executive Director Change

(AIM: TYM) Tertiary Minerals plc announced the appointment of Mr. Lorenz Werndle as an independent non-executive director of the Company with immediate effect. Mr. Werndle will replace Mr. Donald McAlister on the Board, who is stepping down from his role on the 4 August 2026 due to other full time work commitments. Mr. McAlister has served on the Board for over 25 years, ever since the Company first became admitted to trading on the AIM Market. Mr. Werndle is currently the Chief Financial Officer and Executive Director for Kavango Resources plc, an LSE-listed exploration and development company with projects in Botswana and Zimbabwe. Tertiary Minerals plc's current principal activities are the discovery and development of copper and precious metal mineral resources in Nevada and in Zambia. Mr. Werndle will replace Mr. McAlister as Chairman of the Audit and Risk Committee and will sit on the Nomination and Remuneration Committees. He will be put forward for election at the AGM to be held in 2027, in accordance with the Company's Articles.

The Weekly Finger: Noosa Mining takeaways and the new playbook

(ASX:LMS) Matt Pustahya, CEO of Litchfield Minerals, participated in the BHP Xplor initiative, which provides selected companies with US$500,000 in non-dilutive, equity-free funding to accelerate exploration. (ASX:M79) Glenn Poole, CEO of Mammoth Mining, also completed the BHP Xplor program, which offers 9 months of direct access to BHP’s global technical and commercial network, including geophysicists in Santiago and geochemists in London, as well as dedicated leadership coaching. (ASX: STM) Sunstone Metals Managing Director Patrick Duffy discussed the company’s flagship Limón / Bramaderos gold-copper project in Ecuador, highlighting continuous drilling over the past four months and a current 3.6Moz resource. Deep drilling has restarted at El Palma, targeting a 15–45Moz exploration target over the next 90 days. (ASX: KCC) Kincora Copper is operating in the Macquarie Arc in NSW, using a prospect generator model and has attracted major backing from resource investors Rick Rule and Geoff Phillips. Applications for the next BHP Xplor cohort open at the end of August. The company projects a major resource upgrade for Sunstone Metals later this year.

Alma Metals Making Solid Progress with Infill Drilling Campaign at Briggs Copper Project

(ASX: ALM) Alma Metals has completed six holes and approximately 2,080 metres of drilling at its Briggs copper-molybdenum-silver project in central Queensland since April. The current mineral resource estimate (MRE) is 2 million tonnes at a 0.15% cut-off grade, and the campaign aims to upgrade an inferred component to the indicated category. Alma plans to drill 41 holes for 12,500m in 2024 and a further 35 holes for 17,500m in 2027 to support an interim resource update and convert most of the remaining inferred resource to indicated. During the quarter, Alma acquired and relocated a modular 16-room exploration camp from South Australia to the Briggs site, with installation to cyclone-proof standards and commissioning scheduled for next month. At end June, Alma had $3.6 million in cash reserves, $3.2 million invested in companies listed on the Australian Securities Exchange, and no debt. Alma spent $1.52 million on exploration and evaluation activities during the quarter, including $1.02 million to drilling contractor fees, $268,000 to staff payments, $190,000 to drilling and site costs, and $42,000 to study costs. The company projects that completion of the camp will enable deployment of a second drill rig at Briggs, effectively doubling drilling capacity and accelerating resource growth and PFS programs funded by a recent $4 million capital raising.

Long Shortz with BOA Resources: New MD leads next phase at Neds Creek

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BCM Resources Corp. Adopts Semi-Annual Financial Reporting Under CSA Pilot Project

(TSXV: B) BCM Resources Corporation announced the adoption of Semi-Annual Reporting as enabled by Coordinated Blanket Order 51 – 933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers. The company stated that it does not intend to file an interim financial report and related MD&A for Q3 2026 for the period ending May 31, 2026. BCM Resources is primarily focused on advancing exploration of its 100% controlled Thompson Knolls Porphyry Cu, Au, Ag, Mo discovery. The company also controls prospective Copper, Gold, and Molybdenum exploration projects in British Columbia. The news release was filed pursuant to the SAR Pilot, which was enabled by the Canadian Securities Administrators and provincial securities regulators in March 2026. BCM Resources is managed by experienced and successful board members and advisors. The company concurs with the view that semi-annual reporting will meaningfully reduce regulatory burden while maintaining investor protection.

Teako Announces Closing of Oversubscribed Private Placement

(CSE: TMIN) Teako Minerals Corp. announced the closing of its non-brokered private placement offering of 8,478,166 Common Shares at a price of $0.06 per Common Share for total gross proceeds of $508,690. The Offering was fully subscribed by the Company's strategic investor group of K.A. Rasmussen AS. The net proceeds of the Offering are intended for anticipated exploration activities and general working capital. The Common Shares are subject to a four-month and one-day hold period. Teako, within its Norwegian Project Hub, owns over 60 projects 100% and holds a 10% economic interest in four rare earth elements projects owned by Fritzøe Skoger AS and a 10% non-dilutive free carried ownership interest in five copper, gold and silver projects owned by Nordic Minerals AS. The Project Hub includes the Løkken, Venna and Tynset main projects, covering an extensive land package prospective for copper, cobalt, zinc, gold, silver, platinum group elements, uranium, antimony, molybdenum, tungsten and rare-earth-elements. The company aims to retain exposure to exploration success on non-core assets through securing deals with strong partners, which are intended to potentially bring in capital and/or ongoing cash flow.

NovaRed Mining Identifies Large High-Intensity Magnetic Target Associated with Regional Copper-Gold Intrusive System

(CSE: NRED) (OTCQB: NREDF) NovaRed Mining Inc. reported a geological interpretation of a large, regional, high-intensity magnetic anomaly underlying the Wilmac Copper-Gold Project. The Wilmac Copper-Gold Project comprises 16,078 hectares of mineral tenures located within the Quesnel porphyry belt in the Similkameen Mining Division of British Columbia, southwest of Princeton. The 2026 field program includes four IP/AMT geophysical surveys across the North Lamont, West Lamont, Wilmac, and Plume grids, an expanded soil sampling campaign, and an initial drill program subject to receipt of an approved drill permit. The Copper Mountain Mine, located approximately 10 kilometres east of the Wilmac Project, currently hosts Proven and Probable Mineral Reserves of 345 million tonnes grading 0.26% copper and 0.12 g/t gold. The Wilmac Project is road-accessible and situated within a well-established mining district with existing infrastructure and support services. The company is leveraging an artificial intelligence-enhanced geospatial technology platform to identify and evaluate prospective mineral properties. The company projects that the 2026 program is designed to systematically test the geophysical and geochemical response of the Lamont block, with the objective of defining drill targets that test the interpreted buried intrusive complex at depth.

Critical One Energy Announces Upsized CDN$6,875,000 Flow-Through Private Placement

(CSE: CRTL) (OTCQB: MMTLF) Critical One Energy Inc. announced an upsize to its non-brokered private placement, now issuing up to 6,250,000 flow-through common shares at a price of CDN$1.10 per FT Share for gross proceeds of up to CDN$6,875,000. The Company may pay finder's fees on a portion of the Offering, including a cash commission of up to 6.0% of the gross proceeds and common share purchase warrants up to 6.0% of the FT Shares issued. Each Finder's Warrant will be exercisable at CDN$1.65 per common share for a period of eighteen (18) months from the date of closing. The Offering is scheduled to close in two tranches: the first tranche of up to CDN$5,625,000 is expected to close on or around July 30, 2026, and the second tranche of up to CDN$1,250,000 is expected to close on or around August 14, 2026. All securities issued will be subject to a four-month and one-day hold period. The company intends to use the gross proceeds to incur exploration expenses that are eligible "Canadian exploration expenses" qualifying as "flow-through mining expenditures" under the Income Tax Act (Canada). Critical One Energy Inc. also holds uranium and copper assets in Namibia, providing additional exposure to critical minerals and energy metals.

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