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Hercules Metals Corp. reports exploration and corporate developments tied to its 100%-owned Hercules Property in western Idaho. Company news centers on drilling at the Leviathan porphyry copper system, copper-silver-molybdenum assay results, step-out drilling, geophysical surveys, and target generation across the broader Hercules Copper Belt land position.
Updates also cover epithermal silver-lead-zinc mineralization, exploration rights and land consolidation near the property, permitting and field-program activity, shareholder voting matters, governance changes, and operating and financial results.
Hercules Metals (OTCQB: BADEF) secured an eight-year lease with an exclusive option to acquire 1,472.65 acres of private land adjacent to its Hercules project in Washington County, Idaho. The lands include surface and mineral rights and sit along the Leviathan porphyry trend.
The transaction raises total surface rights from ~1,800 to ~3,273 acres if exercised, adds to a >100,000-acre land position, and carries annual lease payments of US$125,000 with a purchase price range of US$4.5–5.8 million.
Hercules Metals (OTCQB: BADEF) has begun a 12,500 m Phase I drill program at the Hercules Property in western Idaho, targeting five new areas along trend from the Leviathan copper discovery. A second drill rig was mobilized early to resume hole HER-25-18 after winter upgrades.
Targets include Leviathan southwest extension, a Footwall MT anomaly, Southern Flats, Pegasus, and Hook, with the Company anticipating expansion to 20,000–30,000 m after evaluation. The Company also granted 1,325,000 stock options exercisable at CAD$0.64.
Hercules Metals (OTCQB: BADEF) has started its 2026 exploration drilling campaign at the Hercules Property in western Idaho, planning 20,000–30,000 m of drilling (initial 12,500 m phase) to expand the Leviathan copper system along strike. A second drill rig is arriving next week to resume paused holes; improved on-site sampling and lab logistics aim to shorten assay turnaround. Reconnaissance 2D IP lines were completed over new Pegasus and Hook MT anomalies, with additional IP work at Hook planned for Q2 pending weather. Results from remaining 2025 holes are expected in the coming weeks.
Hercules Metals (OTCQB: BADEF) engaged Equity Exploration Consultants to manage drilling and expanded exploration capacity at its Hercules Property in western Idaho and started a 2026 campaign. Simcoe Geoscience is running reconnaissance 2D IP surveys to test new MT-defined targets, including Pegasus and Hook, ahead of planned drill testing in 2026.
All permits for Pegasus were received and a USFS NEPA review for Hook has completed categorical exclusion, allowing potential drill testing in 2026.
Hercules Metals (OTCQB: BADEF) reported 2025 drilling results at the Leviathan porphyry in Idaho, including HER-25-15: 420.62 m @ 0.60% Cu, 6 g/t Ag and HER-25-17: 585.22 m @ 0.39% Cu, 2.1 g/t Ag with a 46.03 m interval of 2.17% Cu. A Phase II MT+ELF survey delineated five conductive centers, including a new Footwall MT anomaly that the company plans to target in 2026 drilling. A 2026 drill contract has been signed and an order-of-magnitude study and maiden resource planning are underway.
Hercules Metals (TSXV:BADEF / OTCQB:BADEF) reports continued expansion of the Leviathan porphyry and a new epithermal silver discovery in Southern Flats.
Key drill highlights include HER-25-12: 285 m @ 0.47% Cu with 56 m @ 0.89% Cu bornite-chalcocite, and HER-25-06: 10.7 m @ 257.2 g/t Ag (420.5 g/t AgEq) within 119.9 m @ 31.2 g/t Ag (59.7 g/t AgEq). A Phase II MT+ELF survey was infilled to 250 m to refine the 5 km Leviathan conductivity anomaly. Several drill holes are paused for the holiday; assays are pending for multiple holes and follow-up drilling is planned in early 2026.
Hercules Metals (OTCQB: BADEF) appointed Matthieu Bos as independent director and Chairman of the Board, effective December 18, 2025. Bos brings 15+ years of mining and capital markets experience, including eight years at Ivanhoe Mines where he helped advance Kamoa-Kakula and supported securing US$3 billion in equity and debt financings.
The company granted Bos 1,000,000 incentive stock options at an exercise price of $0.60, vesting over 24 months in four equal tranches and exercisable for five years. Management said Bos will support progress on the Leviathan porphyry copper discovery and strategic financing.
Hercules Metals (BADEF) reported 2025 drilling results from the Leviathan porphyry in Idaho showing long, near-surface copper intervals and notable silver in cover rock. Key intercepts include 273 m of 0.60% Cu (within 379 m of 0.50% Cu) starting at a 110 m true depth in HER-25-05, and 256 m of 0.44% Cu in HER-25-03. A 750 m-wide fence was completed; assays for HER-25-15 and seven additional holes are pending. The program uses a new 3D model and 200 m-spaced fence drilling to build continuity and may support a maiden resource estimate after six fences. Prior metallurgical tests showed Ag recoveries of 86% and 82% with preliminary pre-leach work.
Hercules Metals (OTCQB: BADEF) updated its 2025 drilling at the Leviathan porphyry in western Idaho. The company has completed 16 core holes and > 13,000 metres of drilling, with three holes in progress and three RC pre-collars ready for core. Nine completed holes (25-03 to 25-11) are awaiting assays.
Definition drilling shows emerging continuity in the Footwall Zone potentially extending ~1 km. The team has begun testing a new, highly conductive 3 km-wide “Donut” Anomaly in the Southern Flats with an initial three-hole fence planned. Drilling is expected to continue into November 2025, weather permitting.
Hercules Metals (OTCQB: BADEF) announced significant drilling results from its first completed 2025 drill hole at the Leviathan porphyry copper discovery in Idaho. Drill hole HER-25-02, a 220m step-out, intersected high-grade mineralization of 1.5% Cu and 8.9 g/t Ag over 81m, within a broader zone of 346m grading 0.66% Cu.
The results validate the company's new 3D geological model and demonstrate strong hypogene enrichment at the system's center. A recent magnetotelluric (MT) survey revealed a significant conductivity anomaly extending several kilometers south, forming a 3km-diameter circular "Donut" anomaly. The drilling program is progressing efficiently with over 11,000m completed in thirteen holes, with five more in progress.