Welcome to our dedicated page for Pacific Bay Mine news (Ticker: PBMFF), a resource for investors and traders seeking the latest updates and insights on Pacific Bay Mine stock.
Pacific Bay Minerals Ltd. reports exploration and corporate updates for mineral projects in British Columbia. Its news centers on the 100% owned Haskins-Reed Critical Minerals Project in the Cassiar Region of northwestern BC, where reported project work references tungsten, copper, bismuth, silver, lead and zinc in polymetallic zones, historical drilling and underground workings.
Company updates also cover the Weaver Gold project in southern BC, including gold-silver exploration in quartz-carbonate vein systems and its option/joint venture arrangement with Aurwest Resources. Recurring corporate items include reporting-policy changes, management transitions, capital-structure disclosure and operating and financial results.
Pacific Bay (OTC:PBMFF, TSXV:PBM) has applied for a 5-year drilling permit at its 100%-owned Haskins-Reed Critical Minerals Project near Cassiar, BC. The Notice of Work seeks approval for up to 120 diamond drill holes totaling 24,000 metres.
The 2026 program plans up to 30 holes targeting tungsten-rich skarns at Mount Reed and polymetallic carbonate replacement zones at the Meteor and Della B zones. Historical drilling returned notable silver, zinc, copper, lead, bismuth and tungsten intercepts, and management cites rising tungsten, bismuth and copper prices as support for renewed exploration.
Pacific Bay Minerals (OTC:PBMFF) will adopt semi-annual financial reporting effective for the three-month interim period ending March 31, 2026.
The company said it meets British Columbia Securities Commission Coordinated Blanket Order 51-933 and will not file interim financials or MD&A for the three-month period ending March 31, 2026, nor for the nine-month period ending September 30, 2026. Pacific Bay will continue audited annual statements and semi-annual interim reports. Management said the change frees management time and overhead to focus on reactivating exploration at the Haskin-Reed project in northern BC.
Pacific Bay Minerals (OTC: PBMFF) signed a non-binding letter of agreement dated April 22, 2026 to acquire, subject to TSX Venture acceptance, a 100% interest in Eagle Plains Resources' Mount Haskins Property.
The 578-hectare property adjoins Pacific Bay's Haskins-Reed Critical Minerals Project near Cassiar, BC, and covers similar geology with historic showings for silver, tungsten, bismuth and copper.
Pacific Bay Minerals (TSXV: PBM / OTC: PBMFF) and Aurwest Resources (CSE: AWR) signed a definitive option and JV to allow Aurwest to earn up to a 50% undivided interest in the 725-hectare Weaver Gold property over three years. Pacific Bay will act as project operator.
Consideration includes staged cash, Aurwest common shares and defined exploration work; automatic 50/50 JV forms on exercise. The property is subject to a 3.0% NSR with buydown rights at $1.5M per 1% and dilution converts interests ≤15% into a 2% NSR with a $2.0M buyout option.
Pacific Bay (OTC:PBMFF) received an independent geological report by P.Geo. Kristian Whitehead on the Weaver Gold Property in southwestern British Columbia.
Historic drilling returned high-grade intercepts (e.g., 16.6 g/t Au & 91.9 g/t Ag over 1.52 m). The report recommends a phased program: detailed mapping, a 3D IP survey, and a potential 1,000 m diamond drill campaign if targets are promising.
Pacific Bay Minerals (TSXV: PBM / OTC: PBMFF) announced on January 6, 2026 that it signed a Letter of Intent with Aurwest Resources (CSE: AWR).
Under the LOI, Aurwest can earn a 50% interest in Pacific Bay’s 100% owned Weaver Gold Project over a three-year earn-in period.
Pacific Bay Minerals (OTC:PBMFF) announced that its proposed acquisition of the Pereira Velho project in Alagoas, Brazil (originally disclosed Jan 7, 2025) will not be proceeding because the vendor, Appian Capital Advisory LLP, has optioned the property to another buyer. The company also said the financing announced Sept 25, 2025 will not proceed.
Management reiterated continued interest in Brazil and said it has assembled a Brazil team. Pacific Bay highlighted its 100% owned Haskins-Reed Critical Minerals project along Highway 37 in northwest British Columbia and noted renewed investor interest in BC critical minerals.
Pacific Bay Minerals (OTC:PBMFF) announced a management change effective December 10, 2025: Chairman David H. Brett will assume the role of President and CEO, succeeding Reagan Glazier.
Mr. Glazier will remain on the board to support strategy while dedicating time to other commitments. Mr. Brett is a significant shareholder and director since 1985, holds an MBA from SFU, and brings 40 years of mining experience, including prior CEO roles at Cusac Gold Mines and EnGold Mines and work in BC, Quebec, Brazil, and Argentina.
Pacific Bay Minerals (TSXV: PBM) has initiated exploration at its 100% owned Haskins-Reed Critical Minerals Property in British Columbia's Cassiar District. The program focuses on high-grade Tungsten skarns at Mount Reed, where historical drilling revealed impressive results including 2.01% WO3 over 3.3 metres.
The property contains multiple critical mineral prospects, including a historical estimate at the Della B Zone of 1,739,000 tonnes grading 56.9 g/t silver, 0.53% copper, 2.77% zinc, 0.47% lead, and 0.24% bismuth. The company highlights the Canadian government's support for critical minerals in northwestern BC, including potential infrastructure improvements.
Pacific Bay Minerals (TSXV: PBM) announced that its previously proposed warrant extension will not proceed. The company had intended to extend the expiry of 7,365,873 warrants issued on July 20, 2022, with an exercise price of $0.10 that expired on July 20, 2025.
The TSX Venture Exchange declined to approve the extension because the market price exceeded the strike price of the warrants at the relevant times.