Aston Bay Holdings Stock Price, News & Analysis

Aston Bay Holdings (TSXV:BAY, OTCQB:ATBHF) has announced significant developments at its Storm Copper Project in Nunavut, Canada. The company has identified a new large-scale copper target at the Midway Prospect, located 5km west of the Storm Mineral Resource Estimate (MRE) area.

Key findings include a historical drill hole (AB18-04) with over 58m of visual copper sulfides that remains unsampled. The discovery is part of a 20km stretch within a 110km-long copper-mineralized belt along the Storm Graben Faults. The company plans a comprehensive 2025 exploration program, including:

• Sampling of historical drill holes
• A new helicopter-borne Mobile Magneto-Telluric (MMT) survey
• Follow-up drilling at recent copper discoveries (Squall and The Gap)
• Testing of priority regional targets including Tornado and Blizzard Prospects

Aston Bay maintains a 20% free carried interest in the joint venture with American West Metals (80%), who operates the project.

Aston Bay Holdings (TSXV:BAY)(OTCQB:ATBHF) has filed a Technical Report for its Storm Copper Project in Nunavut, Canada, detailing an initial Mineral Resource Estimate (MRE). The report highlights:

Indicated Mineral Resources of 8.2 million tonnes at 1.47% copper and 4.5 g/t silver, containing 266.3 million pounds of copper and 1.185 million ounces of silver. Inferred Mineral Resources of 3.3 million tonnes at 1.30% copper and 3.1 g/t silver, containing 95.4 million pounds of copper and 333,600 ounces of silver.

The project shows low-cost development potential with over 90% of contained metal accessible through open-pit mining. All six deposits (Cyclone, Chinook, Corona, Cirrus, Lightning Ridge and Thunder) remain open for expansion. The project is a 20/80 joint venture between Aston Bay and American West Metals , with Aston Bay maintaining a free carried interest until a decision to mine.

Aston Bay Holdings (TSXV:BAY, OTCQB:ATBHF) has announced a significant strategic partnership for its Storm Copper Project in Nunavut, Canada. The company's joint venture partner, American West Metals, has secured an agreement with Ocean Partners Holdings that includes up to 80% project financing of initial capital and 100% offtake rights for copper and silver products.

Key developments include:

• Ocean Partners will provide project financing through a senior secured loan facility, subject to feasibility study
• Ocean Partners will subscribe to a US$2M financing in American West
• Taurus Mining Royalty has agreed to advance a US$3.5M second tranche royalty payment
• Aston Bay will receive 20% (C$0.996M) of the royalty funding

The Storm Copper Project is structured as a 20/80 unincorporated joint venture between Aston Bay and American West, with Aston Bay maintaining a free carried interest until a mining decision is made. The new funding will support exploration activities, Pre-Feasibility Study work, permitting, and equipment procurement.

Aston Bay Holdings (TSXV:BAY)(OTCQB:ATBHF) has announced its Initial Mineral Resource Estimate (MRE) for the Storm Copper Project in Nunavut, Canada. The project, a 20/80 joint venture with American West Metals, includes six near-surface copper deposits.

Key highlights include:

• Indicated Mineral Resources: 8.2 million tonnes at 1.47% copper and 4.5 g/t silver, containing 266.3 million pounds of copper and 1.185 million ounces of silver
• Inferred Mineral Resources: 3.3 million tonnes at 1.30% copper and 3.1 g/t silver, containing 95.4 million pounds of copper and 333,600 ounces of silver

The project shows potential for low-cost development with over 90% of contained metal accessible through open-pit mining. All six deposits remain open for expansion, with recent discoveries including Cyclone Deeps and high-grade copper findings at The Gap. Less than 5% of the 110-kilometer copper belt has been adequately explored.

Aston Bay Holdings (TSX-V:BAY) announced the passing of their Chief Financial Officer, Dwight Walker, who served the company for nine years. Walker brought over 30 years of experience in finance and administration, including a decade in the mining sector.

The company has appointed Donna McLean as interim CFO. McLean, currently the Director of Accounting Services at Grove Corporate Service, brings 20 years of experience serving as CFO for various public companies in the mining and exploration sectors.

Aston Bay Holdings (TSXV:BAY)(OTCQB:ATBHF) provided updates on its Epworth and Storm Copper Projects in Nunavut. At Storm, the company completed 22,475 metres of drilling across 153 drill holes, with work advancing on a maiden resource expected in January 2025. The drilling demonstrated consistent copper grades and high-grade mineralization continuity.

At Epworth, the company completed a property-wide MobileMT geophysical survey covering 8,105 line-km, along with rock sampling and geological mapping. Nine claims totaling 11,900 hectares were added, expanding the total area to 89,000 hectares. Results compilation and interpretation are ongoing, with a comprehensive report expected in January.

Aston Bay and American West Metals report multiple new copper targets along a 110km-long copper belt at the Storm Project in Nunavut. The exploration program has identified four significant prospects: Seabreeze, a new base metal prospect covering 10km x 2km area; Hailstorm, featuring chalcocite gossans grading >50% copper; Tornado, where Moving Loop Electromagnetics revealed new conductors below current drilling depth; and Tempest, showing a 4km-long zone of gossans with up to 38.2% Cu and 30.8% Zinc. All RC drill holes have intersected anomalous copper, silver, and zinc, confirming the Storm mineralization model.

Aston Bay Holdings and American West Metals report significant findings from their 2024 deep drilling program at the Storm Copper Project in Nunavut. The second drill hole (ST24-02) intersected 98.6 meters of copper sulfide mineralization across multiple horizons, while the third hole (ST24-03) was suspended due to technical difficulties and will be completed in 2025. The drilling results reinforce evidence of an extensive copper horizon covering over 10 square kilometers. The first hole (ST24-01) previously reported grades up to 3.7% copper. These findings suggest potential for large-scale stratigraphic hosted copper deposits similar to the Central African Copperbelt.