Scotia Metals (CSRVF) has begun its maiden drilling program at the Green Wolf target within its wholly owned Acadia Lithium Project. Six holes totalling approximately 1,000 metres are planned from three pads, roughly two months ahead of the previously announced early-2027 start. The program will test a ridge for the bedrock source of spodumene-bearing surface boulders.
Historical boulder samples graded up to 3.40% Li2O, or lithium oxide. September 2026 channel sampling of 38 boulders returned 20 above 1.0% Li2O, including three above 2.0%, with a maximum of 2.72%. Boulder distribution, interpreted glacial movement, possible outcrop and a coincident radiometric anomaly underpin the target; bedrock mineralization remains unconfirmed. Scotia expects full results and interpretations from ongoing till sampling and ground geophysics, including new drill targets, in the first quarter of 2027.
Scotia Metals (CSRVF) reported new spodumene-bearing boulder assays at the Green Wolf target on September 22, 2026. Channel sampling of 38 boulders within a single tight cluster returned 23 samples grading from 0.73% to 2.72% Li₂O, including 20 above 1.0% Li₂O and three above 2.0% Li₂O. The work raises the number of boulders above 0.30% Li₂O in this cluster from seven to at least 23, and the best grade from 1.92% to 2.72% Li₂O, within one of five mapped boulder trains at Green Wolf.
Across the Acadia Lithium Project, the company has collected 1,062 reconnaissance till samples on 32 licences and nearly completed a 2,051 line-kilometre high-resolution airborne magnetic and radiometric survey over 17 licences. These boulder, till and geophysical datasets will be integrated to refine and rank bedrock drill targets, with scout drilling currently planned for early 2027, subject to results, permitting, access and contractor availability.
Scotia Metals (CSE: SMET, OTC: CSRVF) reported first-pass prospecting results from its 100%-owned Acadia Lithium Project in Nova Scotia, identifying 32 spodumene-bearing boulders grading from 1.0% to 3.40% Li₂O across five discrete boulder trains over an approximately 3 km by 1 km area at the Green Wolf target, less than 8 kilometres up-ice of the Brazil Lake spodumene deposit.
The Acadia Project comprises 43 licences covering 37,268 hectares and 2,320 mineral claims, spanning more than 80 km of prospective LCT pegmatite strike, with deep-water ports, grid power, paved roads and year-round access. Scotia Metals completed a $5.8 million financing on listing, has 48,582,740 shares outstanding on a fully diluted basis, and says it is funded through its current target-definition program. Ongoing work includes detailed till sampling and ground geophysics to rank first-order drill targets and define initial scout drilling. The company also granted 2,500,000 RSUs to directors, officers and consultants, vesting over two years.
Scotia Metals (CSE: SMET, OTC: CSRVF) announced new marketing services agreements with Capital Analytica and Vectis Capital to enhance investor relations and digital outreach.
Under the Capital Analytica Agreement, effective August 17, 2026, Scotia Metals will pay CAD$150,000 over an initial six‑month term, subject to Canadian Securities Exchange approval, and has granted 100,000 stock options at an exercise price of $0.40 per share for five years, with standard investor-relations vesting and CSE acceptance.
The Vectis Agreement, dated August 17, 2026, provides for a US$50,000 upfront cash fee for a three‑month investor relations advisory mandate following CSE acceptance. Scotia Metals will not issue any securities to Vectis, which, along with its principal, is at arm’s length and not a shareholder, and Vectis is not engaged in market‑making activities.
Scotia Metals (CSE: SMET) will have its common shares resume trading on the Canadian Securities Exchange on August 4, 2026 under the symbol “SMET”, following completion of its business combination with Scotia Lithium.
The company reports 45,353,041 shares outstanding, with up to 6,500,000 shares reserved for Scotia Lithium warrants and up to 1,175,000 shares reserved for options.