Beyond Minerals Secures Drill Permit for Owl Creek Copper-Gold Porphyry Project in Southern British Columbia, Files Amended Offering Document for LIFE Offering, and Announces Warrant Extension

Beyond Minerals secures key permit and seeks $720,000 to launch first Owl Creek drilling.

What the company is saying

Beyond Minerals announces receipt of a Multi-Year Area-Based exploration permit for its 100%-owned Owl Creek Copper-Gold Project in British Columbia, enabling its inaugural drill program. The company highlights five priority copper-gold porphyry targets across 3,522 hectares, with initial drilling to focus on Zone C, which has the most extensive historical data including 10 prior drill holes and a defined soil geochemical anomaly. Management, led by CEO Allan Frame, frames this as a major milestone and emphasizes the project's potential as a large-scale, multi-target copper-gold system. The company is also amending its private placement to raise up to $720,000 through 20,000,000 units at $0.036 per unit, each with a half warrant exercisable at $0.10 for 24 months, with proceeds earmarked for exploration, working capital, and marketing. Beyond Minerals discloses plans to extend the expiry of 5,222,853 warrants by one year, including 1,050,000 controlled by an officer/director, and confirms the extension is exempt from minority approval under MI 61-101. The tone is confident, with technical details reviewed by VP Exploration Lawrence Tsang, P.Geo., and the company stresses ongoing engagement with stakeholders and Indigenous communities.

What the data suggests

The company has received the necessary exploration permit for Owl Creek, authorizing diamond drilling from up to 10 pads. The initial drill program is planned for 2,500 to 3,200 metres, contingent on securing up to $720,000 in gross proceeds from a private placement priced at $0.036 per unit. Each unit includes one share and a half warrant, with whole warrants exercisable at $0.10 for 24 months. The permit and planned financing together position Beyond Minerals to begin its first drilling at Zone C, which benefits from historical data but has not yet seen new drilling under current ownership. Recent surface sampling includes a grab sample from Zone A returning 1.06% copper and 0.13 g/t gold, but no drilling or resource estimate results are disclosed. The company is also extending the expiry of 5,222,853 warrants by one year, with 1,050,000 held by an insider, and the extension is exempt from minority approval due to its value being below 25% of market capitalization. Technical sample preparation and analysis were conducted by SGS Canada using industry-standard methods. The disclosure is comprehensive on project status, financing terms, and technical QA/QC, but all major operational steps—drilling, resource definition, and economic assessment—remain ahead.

Analysis

The announcement is upbeat, highlighting the receipt of a key exploration permit and the filing of a financing document, both of which are concrete milestones for an exploration-stage company. However, the majority of the claims regarding future drilling, expanded exploration, and the project's potential as a 'large-scale, multi-target copper-gold porphyry system' are forward-looking and contingent on successful financing and budget approval. The only realised technical results are from grab sampling (not drilling), and no resource estimate or economic study is disclosed. The planned capital raise ($720,000) is significant relative to the company's stage, but the benefits (drilling, potential discoveries) are long-dated and uncertain. The language around advancing the project and seeking joint venture partners inflates the narrative beyond the current evidence, which is limited to permitting and surface sampling. There is no overstatement of realised results, but the tone and projections outpace the actual progress.

Risk flags

• ●Financing risk is significant, as the initial drill program is contingent on raising up to $720,000 through a private placement that has not yet closed. Failure to secure these funds would delay or prevent drilling and further project advancement.
• ●Operational risk is present because the company's technical progress is limited to surface sampling and historical data; no new drilling or resource estimates have been completed, so the project's economic potential remains unproven.
• ●Disclosure and related party risk arises from the extension of 5,222,853 warrants, including 1,050,000 controlled by an officer/director. While the extension is exempt from minority approval, related party transactions can raise governance concerns if not managed transparently.
• ●Execution risk is elevated as all major milestones—drilling, resource delineation, and potential economic studies—are forward-looking and subject to successful financing, technical results, and ongoing stakeholder engagement.

Bottom line

Beyond Minerals has achieved a permitting milestone for its Owl Creek Copper-Gold Project and is seeking to raise $720,000 to fund its first drill program, with drilling to commence only if the financing closes as planned. The technical evidence so far is limited to surface grab samples and historical data, with no new drilling or resource estimates yet available. The extension of over 5.2 million warrants, including those held by insiders, is disclosed and exempt from minority approval, but highlights the company's reliance on equity-linked incentives. Investors should focus on whether the financing closes on schedule and whether drilling at Zone C delivers results that support the project's large-scale copper-gold potential. Until drilling is funded and completed, the company's narrative remains speculative and the path to value realization is unproven.

Announcement summary

(CSE: BY) (OTCQB: BYDMF) Beyond Minerals Inc. has received a Multi-Year Area-Based (MYAB) exploration permit for its 100%-owned Owl Creek Copper-Gold Project, a 3,522-hectare property near Pemberton, British Columbia. The Owl Creek Project consists of five priority targets (Zones A to E) extending over 10 kilometres along a major regional structural corridor. In 2026, 80 grab samples were collected from Zones A and C, with sample #893885 from Zone A returning 1.06% copper and 0.13 g/t gold. The MYAB permit authorizes diamond drilling from up to 10 drill pads. The initial drill program is planned for approximately 2,500 to 3,200 metres, subject to financing and final budget approval, and will focus on the high-priority Zone C target. Zone C contains the most comprehensive historical exploration database on the property, including a well-defined soil geochemical anomaly and results from 10 historical diamond drill holes. Five priority copper-gold porphyry target zones have been identified across the property through the 2026 exploration programs. The company intends to continue exploration activities in Zones A, B, D, and E, including geological mapping, drone geophysics and imagery survey, prospecting, and geochemical sampling. Beyond Minerals has filed an amended offering document for a non-brokered private placement of up to 20,000,000 units at a price of $0.036 per unit for aggregate gross proceeds of up to $720,000. Each unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant exercisable at C$0.10 for 24 months following issuance. The amended offering is scheduled to close on or about November 20, 2026, subject to customary conditions including the listing of shares on the Canadian Securities Exchange. The company may pay finders' fees in cash, shares, warrants, or a combination thereof. The net proceeds will be used for general working capital, mineral property exploration activities and expenditures, marketing and advertising, and as otherwise described in the amended offering document. The company also announces its intention to extend the expiry date of an aggregate of 5,222,853 warrants issued in connection with a debt settlement transaction and a non-brokered private placement. Of these, 2,722,853 warrants were issued on December 19, 2024, and 2,500,000 warrants were issued on December 30, 2024. The exercise price of the 2024 Warrants is $0.10 and remains unchanged. The original expiration dates of December 19, 2026, and December 30, 2026, will each be extended by one year to December 19, 2027, and December 30, 2027, respectively. One officer and director of the company exercises control or direction over 1,050,000 of the 2024 Warrants, and the extension may constitute a related party transaction under MI 61-101, but is exempt from formal valuation and minority shareholder approval requirements. All rock samples were prepared and analyzed by SGS Canada Inc. in Burnaby, BC, using industry-standard methods. The scientific and technical information in the release was reviewed and approved by Lawrence Tsang, P.Geo., VP Exploration of the company.

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