INTREPID METALS CORP Stock Price, News & Analysis

Intrepid Metals Corp. (OTCQB: IMTCF) has announced a significant leadership change, with Mark Morabito taking over as Chief Executive Officer, replacing Ken Engquist. Morabito, who will serve as both Chairman and CEO, brings over 20 years of public markets experience and a strong track record in capital raising and corporate development.

As founder of King & Bay West merchant bank, Morabito has successfully raised over $1 billion in financing and notably secured a $400 million off-take agreement with Hebei, China's largest steel producer. Former CEO Ken Engquist will transition to the company's Advisory Board, maintaining his involvement with Intrepid Metals.

Intrepid Metals (OTCQB: IMTCF) has amended two key property agreements in Arizona. The first amendment with Cave Creek Copper extends payment deadlines to November 30, 2025, for the Corral Copper Project acquisition, increasing the payment to $435,487.50 and including the issuance of 38,725 shares and 220,000 warrants at $0.42 per share.

The second amendment with Bronco Creek Exploration modifies the Mesa Well Copper Property agreement, restructuring the US$2 million work commitment deadline to August 2027, removing yearly minimum expenditures. This includes additional payments of US$25,000 and 50,000 shares upon approval, with similar payments due in August 2026. Both amendments require TSX Venture Exchange approval.

Intrepid Metals (OTCQB: IMTCF) has announced significant drilling results from its Corral Copper Property in Arizona, with impressive copper intersections at the Earp Zone. The highlight includes 42.50m of 0.96% copper starting just 15m from surface in Hole CC25_036, including a high-grade section of 1.30m at 11.05% copper.

Additional notable results include 44.55m of 0.74% copper in Hole CC25_033 and 65.45m of 0.25% copper in Hole CC25_035. The drilling program, comprising fourteen holes totaling 3,696 meters across the Ringo, Holliday, and Earp zones, continues to validate the property's potential as an emerging copper asset along a 3.5-kilometer mineralized trend.

Intrepid Metals (OTCQB: IMTCF) has acquired strategic Viewsite Claims near its Corral Copper Property in Arizona through a Purchase and Sale Agreement worth US$475,000. The claims, spanning 348 acres of patented mining land, are located within 2km of Ivanhoe Electric claims and adjacent to Intrepid's high-grade Ringo Zone, where previous drilling yielded impressive results of 112.95m of 1.50% copper and 216.50m of 0.71% copper.

The Viewsite Claims increase Intrepid's total land position to 10,346 acres and provide full ownership of both surface and mineral rights. The acquisition terms include a US$100,000 payment upon closing and the remaining US$375,000 by January 31st, 2026. The claims show significant exploration potential, featuring porphyry-style alteration, skarn, and carbonate replacement style mineralization.

Intrepid Metals (OTCQB: IMTCF) has announced significant drilling results from its Corral Copper Property in Arizona, with outstanding copper intersections in two diamond drill holes at the Ringo Zone. The highlight includes hole CC25_029 which intersected 216.50m of 0.71% copper, starting just 29m from surface, including high-grade sections of up to 5.94% copper over 10.25m.

The second hole, CC25_030, returned 98.20m of 0.35% copper with gold and silver credits. These results are part of an ongoing 2025 drill program that has completed eleven holes across multiple zones. The drilling campaign suggests potential for a shallow, bulk-minable porphyry target, with clear signs of transition toward copper-gold porphyry-style systems.

Intrepid Metals (OTCQB: IMTCF) has strategically expanded its Corral Copper Property in Cochise County, Arizona through the acquisition of four state leases from the Arizona State Land Department and a patented mining claim from Silver Nickle Mining Company.

The expansion adds 2,195 acres to the property, bringing total holdings to 11,715 acres. Notably, the new state leases connect Intrepid's existing property with recently acquired claims by Rio Tinto, following Intrepid's successful 2024 drill program that attracted significant regional interest.

Intrepid Metals (OTCQB: IMTCF) has announced significant drilling results from its Corral Copper Property in Arizona. The company reported impressive copper mineralization in two new drill holes, with CC25_027 yielding 204.25m of 0.32% copper equivalent from surface, and CC25_028 producing 181.90m of 0.41% copper equivalent.

The drilling program has completed nine holes across the Ringo, Earp, and Holliday zones, totaling 2,343.60 meters. Notable high-grade intersections include 7.90m of 2.10% copper equivalent and 17.60m of 1.48% copper equivalent in CC25_028. The results suggest potential for shallow bulk minable porphyry mineralization, with the Ringo Zone showing promising signs of copper-gold porphyry style mineralization.

The company also announced the promotion of Mark Morabito to Executive Chairman, taking on additional responsibilities in capital markets and corporate communications.

Intrepid Metals (IMTCF) has reported exceptional results from its first 2025 diamond drill hole at the Corral Copper Property in Arizona. Hole CC25_026 intercepted significant mineralization including 142.30 meters of 0.51% Copper, 0.17 gpt Gold and 4.01 gpt Silver. The most notable intersection showed 27.50% Copper, 10.15 gpt Gold, and 192 gpt Silver over 0.55m. The drilling is part of a broader program targeting the Ringo, Holliday, and Earp Zones, with four holes completed to date at the Ringo Zone. The mineralization occurs in structurally controlled northeast dipping sedimentary rocks, with the most intense mineralization in the Abrigo Limestone and Bolsa Quartzite. The Ringo Zone extends approximately 900m by 800m and is part of a 3.5km long string of copper-gold-silver-zinc bearing carbonate replacement bodies.

Intrepid Metals (TSXV: INTR) (OTCQB: IMTCF) has amended its option agreement for the Tombstone South Property in Arizona. The amendment extends the deadlines for completing two US$1.5 million work commitments: from May 2025 to May 2026, and from May 2026 to May 2027. In exchange, Intrepid has issued 300,000 common shares and paid US$25,000 to New Empire Exploration LLC.

Additionally, the company has engaged Resource Stock Digest (RSD) for a 3-month promotional services program starting May 15, 2025, for US$10,000. The agreement with RSD, which is subject to TSX Venture Exchange approval, includes no performance factors or equity compensation.