Welcome to our dedicated page for Prospector Metals news (Ticker: PMCOF), a resource for investors and traders seeking the latest updates and insights on Prospector Metals stock.
Prospector Metals Corp. (OTCQB: PMCOF) generates frequent exploration news as it advances district-scale gold and base metal projects in Canada. Company releases highlight drill results, new discoveries, structural interpretations and option agreements that can materially influence how investors view PMCOF stock.
A major focus of recent news has been the ML Project in Yukon, a reduced intrusion-related gold system in the Tombstone Gold Belt. Updates describe high-grade gold and copper intercepts from targets such as the TESS Zone, Skarn Ridge, Bueno and North Vein. These releases detail mineralized intervals, structural trends, alteration styles and the expansion of multiple gold corridors across the property, as well as claim staking that has significantly increased the project’s land position.
News flow also covers Prospector’s activities at the Devon Copper-Nickel Project in northwestern Ontario, where VTEM geophysics, mapping and sampling have defined numerous Ni-Cu-PGE targets. The company has reported the start of a maiden drill program to test selected conductors at the Copper Hill occurrence area.
In addition, Prospector issues updates on corporate and project-generation activities, including option agreements on the Savant Gold Project in Ontario and the Nemo Project in Quebec, and management changes such as the appointment of a new Chief Financial Officer. Investors following PMCOF news can review these releases to track exploration progress, drill campaigns, option terms and corporate developments over time.
Prospector Metals (OTCQB: PMCOF) will display drill core from its newly discovered TESS Zone at the PDAC Core Shack on March 1–2, 2026 (Booth #3118, Session A). The core includes hole ML25-031 intercepts: 44m of 13.79 g/t Au, 1.89% Cu, 38.08 g/t Ag, with distinct upper and lower mineralized styles.
Company geologists will be onsite to discuss the ML Project and initial 2026 exploration plans; additional core from Skarn Ridge and Rubble targets will also be exhibited.
Prospector Metals (OTCQB: PMCOF) was ranked 7th on the 2026 TSX Venture 50, which ranks the top 50 TSXV performers by market cap growth, share price appreciation and trading value. In 2025 Prospector's share price rose 1,130% and market capitalization grew 3,122%.
The ranking covers the top performers among over 1,600 TSXV issuers and reflects investor returns and trading volume over the prior year.
Prospector Metals (OTCQB: PMCOF) outlined a fully funded 2026 ML Project drill program of 25,000 metres with drilling expected to start in May 2026. All land use permits are in place and three drill rigs have been secured. The 2026 exploration budget is ~$15 million and the company reports >$42 million in cash and equivalents to fund the program through 2026. Initial focus is on expansion drilling at the newly discovered TESS Zone (notable holes: 13.79 g/t Au, 1.84% Cu over 44m and 7.29 g/t Au over 14m). Multiple "look-alike" targets and Skarn Ridge follow-ups are planned within the 108.69 km2 project area.
Prospector Metals (OTCQB: PMCOF) released final assays for 39 drill holes (6,648.91m) at its ML property on Nov 26, 2025, highlighting multiple high-grade gold-copper-silver intercepts.
Key results include 14m of 7.29 g/t Au, 0.91% Cu, 24.98 g/t Ag at TESS (ML25-032) and Skarn Ridge intercepts such as 27m of 2.04 g/t Au, 0.42% Cu and 19m of 4.33 g/t Au, 0.50% Cu in ML25-024. Company reports TESS as a near-vertical zone open at depth and Skarn Ridge traced >1.4km. Prospector says it has >$40M working capital and is fully funded through 2026 ahead of a proposed 25,000m drill program in 2026.
Prospector Metals (OTCQB: PMCOF) reported final assays for 12 drill holes at the Skarn Ridge - Bueno trend on October 20, 2025, extending the corridor to at least 1.5 km in drilling and suggesting ~2.0 km by surface mapping. Key intercepts include 61.45 g/t Au over 1.9m, 141 g/t Au over 0.5m, and 2.97 g/t Au over 25m. Significant copper was also returned, including 0.72% Cu over 41.15m. Surface grabs yielded up to 109 g/t Au. Drill results have been released for 24 of 39 holes; remaining assays and follow-up drilling on the 4 km gap to the TESS Zone are planned.
Prospector Metals (OTCQB: PMCOF) has begun a maiden diamond drill program on the Devon Copper-Nickel Project in northwestern Ontario.
The fully financed program will total 1,000 m across five targets at the Copper Hill occurrence, is expected to take ~3 weeks, and tests targets generated from 3D VTEMTM modelling and prospecting that returned surface assays up to 1.13% Cu, 0.53% Ni and 3.54 g/t Pd+Pt. The 15,347-hectare, road-accessible property lies ~50 km SW of Thunder Bay.
Prospector Metals (OTCQB: PMCOF) announced a significant new gold-copper discovery at its ML Project in Yukon. Drill hole ML25-31 intersected the newly discovered 'TESS Zone' with exceptional grades of 13.79 g/t Au and 1.84% Cu over 44m, including a higher-grade interval of 21.93 g/t Au over 24.65m.
The discovery represents a new style of reduced intrusion related gold mineralization (RIRGS), with the mineralized structure traced on surface for at least 500m and remaining open along trend and at depth. The hole also intersected the historic "North Vein" zone with 5.69 g/t Au over 7.36m.
The 2025 drill program at ML Property has been completed with 39 holes over 6,648.91m testing seven target areas. The company has received assays for 12 of the 39 holes to date, with individual samples ranging up to 379 g/t Au and 11.70% Cu.
Prospector Metals (OTCQB: PMCOF) has appointed Jordan Laker, CPA, CA as its new Chief Financial Officer. Laker brings over 15 years of accounting experience with public and private companies, previously serving as a Staff Accountant at Davidson and Co in Vancouver before starting his own company.
As part of the appointment, Prospector has granted Laker 200,000 stock options exercisable at C$0.27 per share for a five-year term, subject to TSX Venture Exchange approval. The company also acknowledged the departure of former CFO Mr. Monty Sutton.
Prospector Metals (OTCQB: PMCOF) has announced significant initial drill results from its 2025 diamond drill program at the ML Property. The program's key findings include a high-grade intercept of 2.11 g/t Au, 0.48% Cu, and 8.56 g/t Ag over 45.65m at the Skarn Ridge target. The company has also discovered a new mineralized corridor extending 1.5 kilometers along strike.
The drilling campaign, comprising 39 holes over 6,648.91m, revealed the first documented visible gold occurrence at the ML project in the North Vein area. Notable results from the Bueno target include 3.07 g/t Au over 6.9m and a high-grade intersection of 26.15 g/t Au. The mineralization is characterized by north-northeast trending structural zones with strong correlation to bismuth and tellurium mineralization.
Prospector Metals Corp. (OTCQB: PMCOF) has signed a definitive option agreement with BeMetals Corp. for its Savant Gold Exploration Project in northwestern Ontario. The agreement allows BeMetals to earn up to 100% interest over five years through exploration commitments and resource-based milestones.
Key terms include: C$500,000 initial exploration commitment in the first year, minimum cumulative exploration spending of C$2.5 Million, and ownership structure based on NI 43-101 resource findings. BeMetals will pay US$5 per gold ounce discovered and grant a 0.5% NSR royalty to Prospector if full ownership is acquired.
Additionally, Prospector announced an option agreement with Cupani Metals Corp. for its Nemo Project in Quebec, involving claim renewal fees of C$52,965 and minimum exploration work of C$43,335.