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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 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.
Prospect Ridge (OTC:PRRSF) completed a 2,010 m, ten-hole diamond drill program at the 100% owned Camelot copper-gold project in British Columbia on December 22, 2025.
The company reports visual core observations and portable XRF (pXRF) detection of copper, with disseminated pyrite and chalcopyrite confirmed in holes CAM25-007 to CAM25-010. Four final holes totalled 903 m from three sites along a 1.7 km trend; CAM25-010 reached 301 m while several holes were stopped near ~200 m. Rush assay samples from CAM25-007 and CAM25-009 were submitted with results expected late December; true widths remain unknown and pXRF is presented as qualitative screening.
Prospect Ridge (OTCQB:PRRSF / CSE:PRR) announced a non-brokered private placement of up to $800,000 by issuing up to 8,888,889 critical mineral flow-through units at $0.09 per Unit on December 12, 2025.
Each Unit includes one flow-through share and one-half warrant; each whole warrant is exercisable at $0.15 for two years and is subject to accelerated expiry if shares trade at $0.25 for ten consecutive trading days. Proceeds are intended for 2026 drill programs on Excalibur, Castle and Camelot projects in British Columbia. Closing is subject to Exchange acceptance and a statutory hold period of four months plus one day.
Prospect Ridge (OTCQB:PRRSF) closed the third and final tranche of a non‑brokered C$0.12 flow‑through unit private placement on December 5, 2025, issuing 416,667 FT Units for gross proceeds of C$50,000.
Over three tranches the company issued 13,606,668 FT Units for aggregate gross proceeds of C$1,632,800.16. Each FT Unit comprises one flow‑through common share and one‑half of one warrant; each whole warrant allows purchase of one common share at C$0.18 for two years, subject to accelerated expiry if shares trade at C$0.35 or more for ten consecutive trading days. Securities from the third tranche are subject to a statutory hold until April 4, 2026.
The company said insiders purchased 963,333 FT Units (about 1% of issued shares; 1.47% if related warrants exercised). Use of proceeds: approximately 50% to a 2,000‑metre drill program at the Camelot project, remainder to Excalibur and Castle projects. No finder fees were paid.
Prospect Ridge (OTCQB:PRRSF) reported visual and portable XRF observations from the first six holes (1,065 m) of a planned ~2,000 m, 10-hole diamond program at the 100% owned Camelot copper-gold project in B.C.'s Cariboo district on December 4, 2025.
Key findings: chalcopyrite and disseminated pyrite identified in four of six holes (CAM25-001, -002, -005, -006), with copper detected by pXRF over ~75–120 m intervals in those holes. Samples from CAM25-001 and CAM25-006 were sent for rush assays expected in late December. True widths are unknown; pXRF results are qualitative pending laboratory assays.
Prospect Ridge Resources (CSE:PRR / OTCQB:PRRSF) closed the second tranche of its non‑brokered $0.12 flow‑through unit private placement on November 13, 2025, issuing 2,406,667 flow‑through units for gross proceeds of $288,800.04. The company paid $4,102.21 in cash and issued 34,183 finder warrants exercisable at $0.18. Securities are subject to a statutory hold until March 14, 2026. Insiders bought 963,333 units (≈40.03% of this tranche), equal to ≈0.99% of then‑outstanding common shares and ≈1.48% if warrants are exercised. The company said proceeds will fund Canadian exploration expenses, chiefly a 2,000‑metre drill program at the Camelot project near Horsefly, B.C., and closing remains subject to exchange acceptance and customary conditions.
Prospect Ridge (OTC:PRRSF) will begin a 2,000 metre diamond drill program at its 100% owned Camelot copper-gold project in British Columbia on November 1, 2025. The 2,646-hectare property lies ~65 km east of Williams Lake in the Quesnel Terrane. The company identified a 1,700 m x 500 m coincident chargeability-magnetic anomaly and defined 10 high-priority and 10 lower-priority drill collar locations for a ten-hole program. Prospect Ridge reports $2.8M in treasury, all permits in place, and has contracted Dorado Drilling to execute the program.
Prospect Ridge (CSE:PRR / OTCQB:PRRSF) closed the first tranche of a non-brokered flow-through private placement on October 27, 2025, issuing 10,783,334 flow-through units for gross proceeds of $1,294,000.08. The company paid $85,400 cash and issued 711,667 finder warrants exercisable at $0.18. Insiders purchased 41,667 units ($5,000), ~0.39% of units in the tranche; related party exemptions under MI 61-101 were relied upon. Proceeds are intended to fund eligible Canadian exploration expenditures, primarily a 2,000 metre drill program at the Camelot project near Horsefly, British Columbia. Securities issued are subject to a statutory hold until February 28, 2026.