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NovaRed Mining (CSE:NRED, OTCQB:NREDF) released a new geological interpretation for its 16,078-hectare Wilmac Copper-Gold Project in the Quesnel porphyry belt near Princeton, British Columbia. High-intensity magnetic data suggest a large, composite batholith underlying the project, interpreted as the western, downthrown continuation of the intrusive system hosting the producing Copper Mountain Mine across the Boundary Fault.
The model defines three structurally segmented blocks—Copper Mountain, Whipsaw and Lamont—each considered an independent porphyry copper-gold target. NovaRed plans its 2026 program around this framework, including four IP/AMT geophysical surveys, expanded soil sampling and an initial drill program, subject to drill permit approval. Technical information was approved by a Qualified Person under NI 43-101.
NovaRed Mining (CSE: NRED, OTCQB: NREDF) has amended a property option agreement dated July 17, 2026 (executed July 20, 2026) to allow it to acquire a 70% interest in five additional mineral tenures totaling 4,573.82 hectares, known as the Trojan-Condor Corridor.
These claims are adjacent to NovaRed's existing nine Wilmac Copper-Gold Project claims and expand the project to 16,077.76 hectares. To earn the 70% interest, NovaRed must issue 3,000,000 units to the optionor on CSE acceptance, each with one common share and a two-year warrant at C$1.80, plus cash payments of $100,000 by August 31, 2026 and $150,000 by March 31, 2027.
The company must also fund $8,500,000 in exploration, including $400,000 by October 1, 2026 and $2,000,000 in 2027. The 70% interest is subject to a 2% NSR, half of which can be bought for $2,000,000, plus a $100,000 annual advance royalty after option exercise. NovaRed also granted consultants options for 80,000 shares at C$0.60 for two years.
NovaRed Mining (CSE: NRED, OTCQB: NREDF) has appointed entrepreneur and media executive Lee Evan Caplin to its Advisory Board to support commercialization of its proprietary MetalCore AI platform and the expansion of its critical minerals exploration strategy.
Caplin brings over four decades of experience in intellectual property, technology commercialization, and emerging-media ventures, including leadership roles at Picture Entertainment Corporation, the predecessor to Penske Media, and immersive-technology initiative iSTAR. NovaRed is developing MetalCore AI to apply artificial intelligence, machine learning, computer vision, and predictive analytics to mineral exploration and resource intelligence, alongside pursuing strategic technology partnerships and complementary acquisitions. The company focuses on copper-gold porphyry projects in British Columbia, including its optioned Wilmac project covering 16,078 hectares in the Quesnel porphyry belt.
NovaRed Mining (CSE: NRED, OTCQB: NREDF) entered a 30-day standstill agreement with Florida-based EyeX LLC to conduct mutual due diligence on a potential acquisition of an interest in EyeX’s AI-powered surveillance technology for mining, though no acquisition agreement is in place and none is assured.
The company appointed Valentin Saitarli, Co-Founder and CTO of EyeX, as NovaRed’s Chief Technology Officer to oversee integration of artificial intelligence into mineral exploration workflows. NovaRed also intends to change its name to NRED Intelligent Mining, subject to regulatory approval, with no share consolidation or certificate exchange required. Commander Phil Ehr resigned from the advisory board.
NovaRed Mining (OTCQB:NREDF) will close the early-access waitlist for its MetalCore AI mineral exploration platform in 48 hours, with only 80 of 1,000 spots remaining and 920 registrants so far.
MetalCore’s dataset now exceeds 4.1 million records across Canadian and US mineral properties. NovaRed also granted 345,000 stock options at C$0.86, exercisable for two years.
NovaRed Mining (CSE:NRED, OTCQB:NREDF) reported MetalCore AI results for the Wilmac Copper-Gold Project. The platform integrated 10 mineral occurrences, historic production, 19 assessment reports, 38 geochemical samples and regional aeromagnetics, identifying a new platinum group element signal and reaffirming a key copper-in-soil anomaly (max 1,125 ppm) as a priority target.
NovaRed Mining (CSE:NRED, OTCQB:NREDF) appointed Dr. Olamide Oladeji as strategic advisor for artificial intelligence and robotics across its mineral exploration technologies, including MetalCore. His mandate covers AI-enabled mineral exploration, predictive geological modeling, autonomous systems, resource optimization, environmental intelligence, and enterprise-wide decision support, leveraging his academic and entrepreneurial background.
NovaRed Mining (CSE:NRED, OTCQB:NREDF) appointed attorney and political strategist Katie Zacharia to its Advisory Board on June 24, 2026.
She will advise on public affairs, government relations, communications, capital markets visibility, and corporate development, supporting NovaRed's Wilmac Copper-Gold Project and MetalCore AI initiatives.
NovaRed Mining (OTCQB:NREDF, CSE:NRED) outlined its planned 2026 field program at the 100%-optioned Wilmac Copper-Gold Project in British Columbia’s Quesnel porphyry belt.
The program includes expanded soil sampling, four IP/AMT geophysical surveys, and an initial drill program targeted for fall 2026, subject to transfer of an existing drill permit.
Work aims to integrate geochemical and geophysical datasets across the Wilmac, Lamont, West Lamont, North Lamont, Plume and Trojan-Condor Corridor target areas to evaluate alkalic copper-gold porphyry potential near Hudbay’s Copper Mountain Mine.
NovaRed Mining (OTCQB:NREDF) appointed former U.S. Secretary of Homeland Security and current Special Envoy to the Shield of the Americas, Kristi L. Noem, to a strategic advisory role.
She will support NovaRed’s AI-enhanced critical mineral exploration strategy, government relations, and long‑term economic and supply-chain objectives.