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Prospect Ridge Resources Corp. reports developments tied to its British Columbia mineral exploration portfolio, with a focus on critical metals and gold. Company updates center on copper-gold porphyry targets in the Golden Horseshoe and Cariboo regions of north-central British Columbia, including work at the 100% owned Camelot copper-gold project and exploration planning for Excalibur and Castle.
Recurring news themes include drill results, assay interpretation, geochemical and geophysical targeting, technical advisory appointments, flow-through share financings, board changes, and investor presentations. The company’s disclosures also describe exploration partnerships and technical work intended to advance drill targets across its project portfolio.
Prospect Ridge (CSE:PRR / OTCQB:PRRSF) announced that board member Brad Scharfe resigned effective May 7, 2026, after four years of service.
The company thanked Mr. Scharfe for his contributions and leadership and wished him success as he pursues other business interests.
Prospect Ridge Resources (CSE:PRR / OTCQB:PRRSF) appointed Phil Smerchanski as Senior Technical Advisor to lead technical strategy and drill-target development across its BC porphyry portfolio.
The company invited investors to a March 26, 2026 webinar reviewing 2026 plans including maiden Excalibur drilling and follow-up Camelot drilling. The company also granted 300,000 stock options at $0.15 with 12-month full vesting.
Prospect Ridge Resources (OTCQB:PRRSF) will host a live investor webinar on March 26, 2026 at 4:00 PM ET / 1:00 PM PT featuring CEO Len Brownlie and Chairman Mike Iverson. The presentation covers 2026 exploration plans, including a maiden drill program at Excalibur and follow-up drilling at Camelot.
The webinar is hosted by Radius Research (Market Radius Capital) and will include live audience Q&A; a recording will be available after the event.
Prospect Ridge Resources (OTC:PRRSF) closed a non-brokered flow-through private placement on March 18, 2026, issuing 5,000,000 FT shares at $0.09 for gross proceeds of $450,000.
The company paid $31,500 in finder fees and issued 350,000 warrants exercisable at $0.15 for two years, with accelerated expiry if the stock trades at $0.25 for ten consecutive trading days. Funds are earmarked for 2026 drill programs at Excalibur, Castle and Camelot to incur Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures.
Prospect Ridge (OTCQB:PRRSF) completed the earn-in to acquire 100% of the Camelot Copper-Gold Porphyry Project from Orogen Royalties by issuing 2,303,121 common shares effective March 2, 2026, valued at $175,000 based on the 10-day VWAP.
The company is finalizing its 2026 exploration plan including drilling across priority British Columbia projects and announced a non-brokered flow-through financing of up to $450,000 (up to 5,000,000 shares at $0.09) for eligible Canadian exploration expenses.
Prospect Ridge (OTC:PRRSF) confirms a new copper-gold alkalic porphyry discovery at its 100% owned Camelot project in B.C.'s Cariboo district. Drill hole CAM25-009 returned 156.6 m averaging 0.06 g/t Au and 0.08% Cu; infill of historical LL-22-01 returned 153 m at 0.07 g/t Au and 0.06% Cu. Nine of ten holes hit copper mineralization and geophysical signatures now guide follow-up vectoring in 2026.
Prospect Ridge Resources (CSE:PRR / OTCQB:PRRSF) received final 2D inversions from a 26.3 line-km induced polarization (IP) survey at its 100%* owned Excalibur copper-gold project in British Columbia (27.71 km2 claims). The survey defined a ~1 km x 2 km geophysical target with coincident chargeability, resistivity and magnetic responses that overlaps copper, gold and molybdenum soil anomalies. Management plans a minimum 2,000 metre diamond drill program as early as June 2026, pending weather and receipt of a drill permit applied for on Nov 30, 2025. Option terms total $159,000 cash, 920,000 shares and a 1.5% NSR (buydown to 0.6% for $400,000).
Prospect Ridge Resources (CSE:PRR / OTCQB:PRRSF) reported assay results from drill hole CAM25-009 at its 100% owned Camelot copper-gold project, Cariboo, BC (Jan 22, 2026). The hole returned a 156.6 m interval from 23.4–180.0 m averaging 0.06 g/t Au and 0.08% Cu, with higher subintervals including 7.5 m @ 0.24 g/t Au and 0.32% Cu, and a 1.0 m sample at 1.77 g/t Au and 1.28% Cu. Mineralization is associated with chalcopyrite, epidote + K-feldspar alteration and widespread pyrite. Company interprets an alkalic porphyry system with a large geophysical footprint and will prioritize high chargeability shoulders for deeper follow-up drilling in 2026. Assays for nine other holes are pending.
Prospect Ridge (OTCQB:PRRSF) reported a transformational 2025 and says it is funded and drill-ready for 2026. The company raised $2.43 million in flow-through financing, built a portfolio of three drill-ready copper-gold porphyry projects (Castle 29.14 km2, Excalibur 27.7 km2, Camelot 26.46 km2), completed a 2,034-metre, 10-hole diamond drill program at Camelot with visual Cu indicators (assays pending), and ran multiple IP and airborne surveys to refine targets. Drill permitting is underway and the company plans a maiden Excalibur program in June 2026, Castle drilling in late July–August, and Camelot follow-up in September, subject to permits and weather.
Prospect Ridge (CSE:PRR / OTCQB:PRRSF) closed a non-brokered $0.09 flow-through unit private placement on December 29, 2025, issuing 8,894,444 flow-through units for $800,500 gross proceeds.
Each unit includes one flow-through common share and one-half warrant; whole warrants exercisable at $0.15 for two years with accelerated expiry if shares trade at $0.25 for ten consecutive trading days. Finder fees of $53,200 cash and 591,111 finder warrants were paid. Securities are subject to hold period until April 30, 2026.
Insiders subscribed for 240,000 units (~2.70% of the placement), representing ~0.23% of issued common shares on closing (0.34% including warrants). Proceeds are intended for 2026 drill programs at Excalibur, Castle and Camelot projects in British Columbia.