Abitibi Metals Delivers 124% Resource Growth at B26, Defining a High-Grade Copper-Gold System of Meaningful Scale

Rhea-AI Summary

Abitibi Metals (OTCQB:AMQFF) reported a 124% increase in total mineral resources at the B26 deposit, now totaling more than 25 million tonnes after updated estimates effective Jan 1, 2026. Indicated resources equal 13.0 Mt at 2.1% CuEq; Inferred resources are 12.3 Mt at 2.2% CuEq. The estimate uses 356 drill holes (172,164 m) and conservative underground cut-offs; contained copper rose 40% and gold 22%. A fully funded 40,000‑metre Phase 4 drill program is underway, with winter drilling of ~15,000–20,000 m continuing through 2026.

Positive

• Total resource tonnage +124% to >25 Mt
• Indicated resources increased 14% to 13.0 Mt
• Contained copper +40% and gold +22%
• Technical database: 356 holes, 172,164 metres
• Fully funded 40,000‑metre Phase 4 drill program

Negative

• Approximately 49% of resources remain Inferred, lowering confidence
• Resource based on underground US$100/t cut‑off and price assumptions

VANCOUVER, BC, Feb. 9, 2026 /PRNewswire/ -- Abitibi Metals Corp. (CSE:AMQ) (OTCQB:AMQFF) has taken a major step forward in establishing itself as a serious emerging copper-gold developer in Québec's Abitibi Greenstone Belt.

The updated estimate shows a 124% increase in total mineral resources since Abitibi optioned the project in 2023, reflecting the results of successive drilling campaigns completed over the past two years. 

The update expands the Indicated resource to 13.0 million tonnes (Mt) grading 2.1% copper equivalent (CuEq) and defines an additional 12.3 Mt Inferred resources grading 2.2% CuEq, bringing total defined resources to more than 25 Mt.

According to the company, the growth in tonnage has been achieved while maintaining consistent grades across the deposit, a key objective outlined when Abitibi acquired its interest in B26.

A Resource That Has Crossed an Important Threshold

The updated mineral resource estimate for the B26 deposit is supported by a substantially expanded technical database, incorporating 356 drill holes totaling 172,164 metres of drilling. This includes 102 drill holes completed by Abitibi Metals Corp. (CSE:AMQ) (OTCQB:AMQFF) in 2024 and 2025, as well as 191 holes previously drilled by SOQUEM, a subsidiary of Investissement Québec.

Within the Indicated category, resources increased 14% to 13.0 million tonnes, up from 11.3 million tonnes in the prior estimate. The Indicated resource grades 1.2% copper, 1.2% zinc, 0.44 g/t gold, and 30.8 g/t silver, equivalent to 2.1% copper equivalent and 2.8 g/t gold equivalent. 

On a contained metal basis, the Indicated resource includes approximately 340 million pounds of copper, 332 million pounds of zinc, 184 thousand ounces of gold, and 12.8 million ounces of silver, or 595 million pounds of copper equivalent and 1.2 million ounces of gold equivalent.

The estimate also includes 67,842 assays with an average sample length of 1.20 metres, forming the basis of the current geological model. The mineral resource was estimated using an underground mining scenario with an in-situ cut-off value of US$100 per tonne, based on long-term metal price assumptions and established processing recoveries.

Approximately 9% of the tonnage increase in the updated estimate is attributable to revised commodity price assumptions, with the balance driven by additional drilling and the lateral and vertical extension of existing mineralized zones. The effective date of the mineral resource estimate is January 1, 2026, and the estimate was prepared in accordance with NI 43-101 and CIM standards.

Growth Across All Metals, Not Just Tonnage

In addition to increased tonnage, the updated resource reflects material growth in contained metal across all reported commodities compared with the prior estimate.

Contained copper increased by 40%, gold by 22%, silver by 21%, and zinc by 9%. These increases reflect continued expansion of the polymetallic system across both Indicated and Inferred resource categories.

The resource estimate was completed using conservative underground cut-off assumptions and long-term pricing inputs, consistent with prior estimates.

Mineralization Remains Open With Drilling Momentum Building

Despite the increase in defined resources, mineralization at B26 remains open both laterally and at depth. The current estimate is based on drilling concentrated within established zones, leaving multiple areas available for further step-out and down-plunge drilling.

Abitibi Metals Corp. (CSE:AMQ) (OTCQB:AMQFF) has commenced a fully funded 40,000-metre Phase 4 drill program, which includes a winter drilling campaign of approximately 15,000 to 20,000 metres. Drilling is expected to continue through 2026.

A Cornerstone Asset in the Abitibi Greenstone Belt

B26 is located just seven kilometres from the former Selbaie mine, placing it within an established mining district with access to infrastructure, skilled labor, and a long history of successful development.

The deposit has now reached a level of scale and continuity that supports its advancement as a cornerstone copper-gold VMS asset within the Abitibi Greenstone Belt. As the resource continues to grow, B26 increasingly anchors Abitibi Metals' broader strategy of building a high-quality portfolio focused on Québec.

About Abitibi Metals Corp.

Abitibi Metals Corp. is dedicated to acquiring and exploring mineral properties within Quebec, with a particular emphasis on high-quality base and precious metal assets that offer significant potential for growth and expansion.

The company's flagship B26 Polymetallic project, which has been optioned from SOQUEM, hosts a substantial and growing resource base.

The B26 project is strategically located just 7 kilometres southeast of the formerly producing Selbaie mine. This proximity provides the project with access to key infrastructure required for potential mine development.

In addition to the B26 Deposit, Abitibi's portfolio includes the Beschefer Gold project, historical drilling has identified four notable, historical intercepts with a metal factor of over 100 g/t gold highlighted by 55.63 g/t gold over 5.57 metres (BE13-038) and 13.07 g/t gold over 8.75 metres (BE12-014) amongst four modelled zones.  These promising findings highlight the potential for further gold discoveries within the project area.

About SOQUEM:

SOQUEM, a mineral exploration company and subsidiary of Investissement Québec, is dedicated to promoting the exploration, discovery and development of mining properties in Quebec. SOQUEM also contributes to maintaining strong local economies. Proud partner and ambassador for the development of Quebec's mineral wealth, SOQUEM relies on innovation, research and strategic minerals to be well-positioned for the future. 

ON BEHALF OF THE BOARD

Jonathon Deluce, Chief Executive Officer 

For more information, please call +1 226-271-5170, email info@abitibimetals.com, or visit https://www.abitibimetals.com. 

The Company also maintains an active presence on various social media platforms to keep stakeholders and the general public informed and encourages shareholders and interested parties to follow and engage with the Company through the following channels to stay updated with the latest news, industry insights, and corporate announcements:

Twitter: https://twitter.com/AbitibiMetals

LinkedIn: https://www.linkedin.com/company/abitibi-metals-corp-amq-c/

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statement:

This news release contains certain statements, which may constitute "forward-looking information" within the meaning of applicable securities laws. Forward-looking information involves statements that are not based on historical information but rather relate to future operations, strategies, financial results or other developments on the B26 Project or otherwise. Forward-looking information is necessarily based upon estimates and assumptions, which are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the Company's control and many of which, regarding future business decisions, are subject to change. These uncertainties and contingencies can affect actual results and could cause actual results to differ materially from those expressed in any forward-looking statements made by or on the Company's behalf. Although Abitibi 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. All factors should be considered carefully, and readers should not place undue reliance on Abitibi's forward-looking information. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects," "estimates," "anticipates," or variations of such words and phrases (including negative and grammatical variations) or statements that certain actions, events or results "may," "could," "might" or "occur.  Mineral exploration and development are highly speculative and are characterized by a number of significant inherent risks, which may result in the inability of the Company to successfully develop current or proposed projects for commercial, technical, political, regulatory or financial reasons, or if successfully developed, may not remain economically viable for their mine life owing to any of the foregoing reasons, among others. There is no assurance that the Company will be successful in achieving commercial mineral production and the likelihood of success must be considered in light of the stage of operations.

Disclaimer

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6) This document contains forward-looking information and forward-looking statements within the meaning of applicable Canadian and United States securities legislation, (collectively, "forward-looking statements"), which reflect management's expectations regarding Abitibi Metals Corp.'s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as "predicts", "projects", "targets", "plans", "expects", "does not expect", "budget", "scheduled", "estimates", "forecasts", "anticipate" or "does not anticipate", "believe", "intend" and similar expressions or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Abitibi Metals Corp.'s industry; (b) market opportunity; (c) Abitibi Metals Corp.'s business plans and strategies; (d) services that Abitibi Metals Corp. intends to offer; (e) Abitibi Metals Corp.'s milestone projections and targets; (f) Abitibi Metals Corp.'s expectations regarding receipt of approval for regulatory applications; (g) Abitibi Metals Corp.'s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Abitibi Metals Corp.'s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Abitibi Metals Corp.'s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Abitibi Metals Corp.'s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Abitibi Metals Corp.'s ability to enter into contractual arrangements with additional parties; (e) the accuracy of budgeted costs and expenditures; (f) Abitibi Metals Corp.'s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Abitibi Metals Corp. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Abitibi Metals Corp.'s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Abitibi Metals Corp.'s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Abitibi Metals Corp.'s business operations (e) Abitibi Metals Corp. may be unable to implement its growth strategy; and (f) increased competition.

Except as required by law, Abitibi Metals Corp. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Abitibi Metals Corp. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Abitibi Metals Corp. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.

7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Abitibi Metals Corp. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Abitibi Metals Corp. or such entities and are not necessarily indicative of future performance of Abitibi Metals Corp. or such entities.

8) The technical information contained in articles and videos produced for this campaign has been reviewed and approved by Martin Demers, P.Geo., OGQ No. 770 at Abitibi Metals Corp. as the Qualified Person for the Company as defined in National Instrument 43-101.

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Contact:
Chief Executive Officer
Jonathon Deluce
Abitibi Metals Corp.
info@abitibimetals.com

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SOURCE Abitibi Metals Corp.

FAQ

What are the updated B26 resource totals reported by Abitibi Metals (AMQFF)?

The update shows >25 million tonnes total resources, split into 13.0 Mt Indicated and 12.3 Mt Inferred. According to the company, grades average 2.1% CuEq for Indicated and 2.2% CuEq for Inferred, effective January 1, 2026.

How much drilling supports the B26 mineral resource estimate for AMQFF?

The estimate is supported by 356 drill holes totaling 172,164 metres. According to the company, this includes 102 holes completed by Abitibi in 2024–2025 plus historical SOQUEM drilling.

What is Abitibi Metals' (AMQFF) planned drilling for 2026 at B26?

Abitibi has a fully funded 40,000‑metre Phase 4 program, with 15,000–20,000 metres planned for winter drilling. According to the company, drilling is expected to continue through 2026 to expand lateral and depth continuity.

How materially did contained metals change in the B26 update for AMQFF?

Contained copper increased about 40% and gold about 22% versus the prior estimate. According to the company, silver rose ~21% while zinc grew ~9%, reflecting expansion across Indicated and Inferred categories.

What are key investor risks from the B26 resource update for AMQFF shareholders?

Nearly half the defined tonnes are Inferred, which carries lower geological confidence. According to the company, the resource also relies on underground cut‑offs and long‑term metal price assumptions that could affect economics.