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HM Exploration (OTCQB:HMEXF) announced that its common shares are now DTC eligible, enabling electronic clearing and settlement in the United States through The Depository Trust Company. The shares trade on the OTCQB under HMEXF, on the CSE under HM, and on the Frankfurt Stock Exchange under X5H.
According to the company, DTC eligibility is expected to facilitate U.S. trading, potentially reducing costs and administrative delays for investors and supporting improved liquidity over time. The company is advancing its Lewis Pilley's Project in Newfoundland and holds a 100% interest in the Devil's Den Project in British Columbia.
HM Exploration (OTCQB:HMEXF) has engaged Crone Geophysics and begun borehole and surface Time-Domain Electromagnetic (TDEM) surveys at its Lewis Pilley's Project in Newfoundland. The work focuses on the Clifford Jones (Bull Road) Zone, following Phase One drilling completed in May 2026.
The Surveys aim to identify extensions of known mineralized lenses and new conductive targets to refine planning for a Phase Two drill program expected in late 2026. The Lewis Pilley's Project covers ~60.25 km², hosts multiple VMS systems and the historic Pilley's Island Mine, while HM also holds the early-stage Devil's Den copper project on Vancouver Island.
HM Exploration (OTCQB:HMEXF) reported remaining Phase One 2026 drill assays from its Lewis Pilley's VMS Project in Newfoundland, covering holes PI-26-008 to 012 at the Clifford Jones (Bull Road) Zone. Key intercepts include 18.45 m grading 1.14% Cu, 2.42% Zn, 16.74 g/t Ag and 0.32 g/t Au in the upper lens, and 5.42 m grading 1.99% Cu, 1.66% Zn, 15.49 g/t Ag and 0.8 g/t Au in the lower lens. The upper sulphide lens is now traced over about 145 m of strike and the lower lens over about 40 m, both remaining open along strike and down dip. All intervals are drilled lengths, with true widths not yet determined. Televiewer work is complete and EM surveys are being mobilized to refine 2026 Phase Two drill targets.
HM Exploration (CSE:HM)(FSE:X5H)(OTCQB:HMEXF) has contracted DGI Geoscience to run an Optical and Acoustic Televiewer (OTV/ATV) program on Phase One drill holes at the Clifford Jones (Bull Road) Zone within its Lewis Pilley's Project in Newfoundland.
The program will capture high-resolution, oriented images of drill holes to obtain in situ structural measurements for features such as veins, bedding, faults and fold limbs. HM Exploration intends to use these data for 3D modelling and reconstruction of the VMS system, improving understanding of mineralized zone orientation and vectors toward the depositional source. Assays for drill holes PI-26-008 to PI-26-012 remain pending. The road-accessible Lewis Pilley's Project covers ~60.25 km², hosts multiple VMS systems and the historic Pilley's Island Mine, and lies in a geological setting described as analogous to the Buchans camp.
HM Exploration (OTCQB:HMEXF) reported initial assay results from seven of twelve Phase One diamond drill holes at its Lewis Pilley's Project in Newfoundland. Key intercepts from hole PI-26-007 include 23.0 m grading 1.21% Cu, 1.67% Zn, 10.67 g/t Ag and 0.25 g/t Au from 7.0–30.0 m, plus 0.66 m grading 2.45% Cu, 1.70% Zn, 92.20 g/t Ag and 5.89 g/t Au at 155.31–155.97 m. Hole PI-26-001 returned 4.47 m of 1.49% Cu, 1.04% Pb, 5.05% Zn, 19.54 g/t Ag and 0.28 g/t Au from 12.09–16.56 m. According to HM Exploration, assays confirm polymetallic VMS-style mineralization in both upper and newly defined lower sulphide lenses, with the upper lens traced over ~60 m of strike within a drill-tested 135 m. Both horizons remain open along strike and down-dip, with assays for holes PI-26-008 to PI-26-012 still pending and EM surveys planned to guide a Phase Two program.
HM Exploration (OTCQB:HMEXF) reported visual drilling results from four additional holes at its Lewis Pilley's Project in Newfoundland, completing 2,747.87m in 12 Phase One holes. Holes 9 and 10 intersected a new blind lower massive sulphide lens, extending it about 40m northwest at ~135m depth, while the upper zone is now traced over roughly 130m. Multiple intervals of disseminated to massive sulphides were logged, including 5.45m and 2.63m in PI-26-009 and 4.09m in PI-26-010. A downhole EM survey and a Phase Two drill program are planned for fall 2026. All assays are pending, and visible sulphides are not yet indicative of grade or true width.
HM Exploration (OTCQB:HMEXF) reported results from three additional holes in its phase-one drilling at the Lewis Pilley's Project in Newfoundland, bringing total drilling to 1,632.27m of a planned minimum 2,500m.
Holes PI-26-006, -007 and -008 intersected multiple massive, semi-massive and disseminated sulphide zones, including a newly identified, blind lower sulphide lens around 155–170m depth. This second lens, located beneath the known upper debris-flow horizon at the Clifford Jones Zone, supports interpretation of a vertically extensive VMS system and new follow-up targets. All core samples have been submitted, and assays are pending.