Abacus Announces New Addition to Board of Directors
Rhea-AI Summary
Abacus (TSXV:ABCFF) appointed Dr. Adrian King to its board on February 17, 2026. Dr. King, an advisor since 2020, retired as Head of Global Exploration at Teck after 35 years and holds a B.Sc. and Ph.D. from Imperial College.
The company holds a 20% carried interest in the Ajax copper-gold JV (NI 43-101 Proven & Probable reserve: 426 Mt at 0.29% Cu, 0.19 g/t Au) and completed acquisition of the Willow Cu-Mo property in Yerington, Nevada, where a fifth porphyry was identified.
Positive
- Experienced director added: Dr. Adrian King with 35 years exploration experience
- Ajax reserve: 426 Mt Proven & Probable at 0.29% Cu, 0.19 g/t Au
- Carried interest: 20% stake in Ajax carried through to production
- Willow acquisition: 2024 full acquisition of Willow Cu-Mo property
- New discovery: identification of a fifth porphyry in Yerington camp
Negative
- Limited stake: Abacus holds only a 20% interest in Ajax
- Exploration uncertainty: Willow fifth porphyry requires further drilling to evaluate
News Market Reaction – ABCFF
On the day this news was published, ABCFF gained 0.29%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - February 17, 2026) - Abacus Mining & Exploration Corporation (TSXV: AME) ("Abacus" or the "Company") is pleased to announce that Dr. Adrian King is joining the Board of Directors. Dr. King has been an advisor to the board and management of Abacus since late 2020 and is thus very familiar with the Company.
Dr King retired in 2020 as Head of Global Exploration after 35 years with Teck Resources, where he spent extended periods in exploration and exploration management based in London, Brussels, Santiago, Spokane and Vancouver. He held roles with increasing responsibility covering projects of all stages from generative through to evaluations, commercial and resource-reserve definition (greenfield and brownfield), working together with teams on multiple continents. He was involved in several discoveries, notably in Greenland, Turkey (Biga peninsular) and Alaska (Red Dog Camp). Adrian holds a B.Sc. and Ph.D. from the Royal School of Mines, Imperial College, London, UK. and has authored and co-authored several scientific papers.
"I am very pleased that Adrian has consented to formally join our board," commented Paul G. Anderson, President and CEO of Abacus. "I have known Adrian for many years, and he possesses a unique skillset as an exploration geologist. His advice has been invaluable as an advisor over the past few years, and I look forward to our continuing collaboration."
The Company currently has interests in two significant porphyry copper projects. The Ajax copper-gold Joint Venture, located near Kamloops, British Columbia is a partnership between Abacus and base metal major KGHM Polska Miedź S.A. ("KGHM"). Abacus holds a
The Ajax Project contains significant quantities of copper and gold, within a NI 43-101 Proven and Probable Mineral Reserve of 426 Mt at
In addition to Ajax, the Company in 2024 fully acquired the Willow porphyry copper-molybdenum ("Cu-Mo") property in Yerington, Nevada, after working the property since 2017 under an option agreement. It also holds a lease on the contiguous Nev-Lorraine copper-molybdenum property near Yerington, Nevada. Drilling to date by the Company has identified a fifth Cu-Mo porphyry in the camp, the first new porphyry discovered in decades in Yerington, which requires further drilling to fully evaluate.
Investors are referred to the Company website for the latest news and project descriptions.
* M3 Engineering and Technology Corp., February 19, 2016. Ajax Project NI 43-101 Technical Report Feasibility Study Update.
On Behalf of the Board
ABACUS MINING & EXPLORATION CORPORATION
Paul G. Anderson, P. Geo.
President, CEO and Director
(604) 682-0301
About Abacus
Abacus is a mineral exploration and mine development company currently focused on copper and gold in B.C. and Nevada. The Company's main asset is a
Abacus also owns a
For the latest reports and information on Abacus' projects, please refer to the Company's website at www.amemining.com.
Forward-Looking Information
This release includes certain statements that are deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Abacus expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include changes to commodity prices, mine and metallurgical recovery, operating and capital costs, foreign exchange rates, ability to obtain required permits on a timely basis, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284075
FAQ
Who is Dr. Adrian King and why did Abacus (ABCFF) appoint him to the board on February 17, 2026?
What is Abacus's stake in the Ajax Project and what reserves are reported for ABCFF on February 17, 2026?
What did Abacus announce about the Willow property and Yerington discoveries relevant to ABCFF investors?
How might Dr. Adrian King's board appointment affect Abacus (ABCFF) exploration strategy?
What metal quantities does the Ajax Feasibility Study report that matter for ABCFF shareholders?
