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Intrepid Metals Corp. reports mineral exploration, land consolidation and financing developments tied to copper-focused projects in Arizona. Company updates center on the Corral Copper Property in Cochise County, where exploration programs target porphyry copper-gold and copper-gold-silver carbonate replacement deposit mineralization through mapping, geochemical work, geophysics and drilling preparation.
Recurring news also covers the Tombstone South Property, option agreements, patented and unpatented mining claims, surface rights, and completed acquisitions that expand the Corral Copper land package. Capital updates include warrant exercises and private financings used to support exploration activity, while governance items include board and executive leadership changes.
Intrepid Metals (OTCQB: IMTCF) announced that Chairman and Interim CEO Matthew Lennox-King will join a fireside chat at the Emerging Growth Conference on June 10, 2026 at 2:55 p.m. ET.
He will discuss recent achievements, Arizona exploration activities, and 2026 objectives. Registration and webcast details are available online.
Intrepid Metals (OTCQB: IMTCF) appointed Ken Brophy as President, strengthening its leadership team. Brophy has previously held senior executive roles at Intrepid and remained a technical and strategic advisor.
According to Intrepid, he played a key role in consolidating the flagship Corral Copper Project in Arizona and brings over 25 years of experience advancing and de-risking development-stage natural resource projects.
Intrepid Metals (OTCQB: IMTCF) completed initial mapping and geochemical work for its 2026 Phase 1 exploration program at the Corral Copper property in Arizona and has expanded the program to add more rock and soil sampling, including a new grid over the Mattie Prospect.
The company collected 1,352 rock samples in 3.5 weeks to refine CRD and PCD targets ahead of a planned Phase 2 drill program later in 2026. Intrepid also amended its option on the Tombstone South property, extending a US$1.5 million work commitment from May 2026 to May 2027 in exchange for 200,000 shares and an additional US$50,000, with TSX Venture Exchange approval.
Intrepid Metals (OTCQB: IMTCF; TSXV: INTR) amended its Tombstone South option to extend the US$1,500,000 work commitment due May 2026 to May 2027. The amendment included issuance of 200,000 shares and an additional US$50,000 payment to the vendor, now completed, and is subject to TSXV approval.
The company plans a ~4,000 m Phase 1 drill program from four-to-five pads and notes it has raised over C$19.1 million since December 2025.
Intrepid Metals (OTCQB: IMTCF) has started a Phase 1 2026 exploration program at its Corral Copper Property in Cochise County, Arizona, featuring geochemical sampling and detailed geological mapping to refine drill targets for a planned deeper and shallower drill program later in 2026.
The company reports >98% warrant exercise participation, raising approximately C$8.58M from recent warrant exercises and over C$19.1M gross proceeds since December 2025, and engaged Capital Analytica for marketing services under a six-month CAD $150,000 agreement plus 175,000 stock options (subject to TSXV approval).
Intrepid Metals (OTCQB: IMTCF) announced Phase 1 of a 2026 exploration program at the Corral Copper property in Cochise County, Arizona. Work begins next week and includes geological mapping, ~65 line-km of IP and MT geophysics, passive seismic, and a >450-sample rock campaign.
The Program aims to refine porphyry and CRD targets to support a substantial Phase 2 diamond drilling program planned for Q3/Q4 2026, targeting porphyry-style mineralization roughly 300–1,000 metres below surface.
Intrepid Metals (OTCQB: IMTCF) reported that holders exercised 9,499,999 warrants from its Jan 8, 2024 financing at C$0.45, generating ~C$4.27 million, and that 4,631,791 other warrants exercised in 2026 added ~C$2.14 million, for over C$6 million year-to-date.
The company said gross proceeds since Dec 2025 exceed C$16.7 million. An additional 5,135,645 warrants remain outstanding, expiring April 24, 2026, representing potential proceeds of ~C$2.31 million. Proceeds will support exploration at the Corral Copper Project in Arizona.
Intrepid Metals (OTCQB: IMTCF) announced a leadership transition on March 30, 2026: Founder and CEO Mark J. Morabito will step down and be succeeded by Matt Lennox-King as Interim CEO and Chairman, with Dan Barnholden joining the Board.
The company noted strategic validation after back-to-back investments by Teck Resources, which now holds approximately 14.7% ownership following a December 2025 stake and participation in a February 2026 non-brokered financing. Intrepid also granted 1,000,000 incentive stock options at $0.49, vesting quarterly over 12 months and exercisable for five years.
Intrepid Metals (OTCQB: IMTCF) completed its option exercise to acquire Cave Creek Copper Inc., making Cave Creek a wholly owned subsidiary effective March 5, 2026. The acquisition transfers patented and unpatented mining claims and surface rights forming most of the Corral Copper Project.
The Company now owns all lands and mining claims comprising the Corral Copper Project except the MAN Property. A final cash and share payment to complete the MAN Property acquisition is required during the current calendar year. FMI Capital Advisory acted as financial advisor to Cave Creek.
Intrepid Metals (OTCQB: IMTCF) announced a non-brokered private placement to raise up to C$6.5 million at C$0.60 per share, with Teck subscribing for 6,842,881 shares (~C$4.1M). Proceeds will fund a 30-month committed exploration and development program at the Corral Copper Project.
The deal would increase Teck's maximum ownership to 19.9% (subject to closing and exchange approval) and extend committed timelines by six months; issued shares will carry a standard four-month-and-one-day Canadian hold period.