Welcome to our dedicated page for Metalsource Mining news (Ticker: SFRIF), a resource for investors and traders seeking the latest updates and insights on Metalsource Mining stock.
News and updates for MetalSource Mining Inc. (OTCQB: SFRIF; CSE: MSM) focus on the company’s exploration and corporate activities across its mineral projects. Recent announcements highlight work at the Silver Hill and Byrd-Pilot projects in North Carolina, as well as ongoing exploration at the Aruba Project in Botswana.
Readers can find news about MetalSource’s diamond drilling programs at Silver Hill and Byrd-Pilot, including program designs that target historic mineralization and test new geological and geophysical anomalies. Releases describe the use of modern techniques such as magnetotelluric geophysical surveys, surface sampling and core logging, along with updates on drilling progress and planned meterage.
The company also issues news on strategic land expansion at Silver Hill, including optioned properties such as the Hinkle Lands and Adkins Tract, which are described as extending coverage along interpreted mineralized trends and adjacent to central mineralized zones. Exploration updates for the Aruba Project cover soil sampling, ground gravity surveys and geological interpretation within Transvaal Supergroup stratigraphy.
In addition to technical project news, MetalSource publishes corporate updates, such as private placements, stock option grants, and developments related to its listings on the Canadian Securities Exchange and OTCQB, as well as DTC eligibility in the United States. These items outline how the company intends to allocate capital toward exploration at Silver Hill, Byrd-Pilot and Aruba, and provide context on its financing structure.
Investors and observers can use this news feed to follow MetalSource’s disclosed drilling results, land package developments, financing activities and other milestones as the company advances its exploration-stage mineral assets.
Metalsource Mining (SFRIF) announced an amendment to its marketing agreement with Independent Trading Group (ITG) effective January 22, 2026. The amendment increases the monthly fee from $5,000 to $6,500. The original agreement was signed in October 2024 and all other terms remain unchanged. ITG and Metalsource are unrelated and unaffiliated, and ITG's principals held no interest in the issuer's securities at the time of the agreement.
Metalsource Mining (OTCQB: SFRIF) reported drilling progress at the Silver Hill Project (Davidson County, NC) on January 22, 2026. Two recent holes tested areas near historic underground workings and intersected sulphide mineralization: SH26-07 shows a broad zone from ~129.85m to 155.45m with multiple semi-massive to massive sulphide intervals; SH26-08 intersected sulphides from ~185m to 191m (apparent 6m, estimated true thickness 4m). Core logging, sampling and lab submittals are ongoing. The release cautions results are preliminary, visual only, and insufficient to define a mineral resource. Historic sampling includes high-grade intervals (e.g., SH25-003: 444 g/t Ag, 17.7 g/t Au, 8.61% Pb).
Metalsource Mining (SFRIF) appointed Adam Falkoff to its board on January 20, 2026. Mr. Falkoff brings over 20 years of public policy, diplomacy and business development experience, including roles advising senior political leaders and senior executive positions at CapitalKeys, Amazon and Microsoft.
The company granted Mr. Falkoff 450,000 incentive stock options exercisable at $1.14 per share for a five-year term; the options vest over one year and are subject to a hold period of four months and one day under the company's stock option plan.
Metalsource (SFRIF) appointed Adam Falkoff to its board of directors effective January 19, 2026. Mr. Falkoff brings over 20 years of public policy, diplomacy and business development experience, including advisory roles to CEOs, heads of state and senior U.S. officials, membership in the Council on Foreign Relations and Trilateral Commission, and senior executive roles at CapitalKeys, Amazon and Microsoft.
The company granted Mr. Falkoff 450,000 incentive stock options exercisable at $1.14 per share for five years, vesting over one year and subject to a hold period of four months and one day, under the company's Stock Option Plan.
MetalSource Mining (OTCQB: SFRIF) expanded the Silver Hill exploration land package by optioning two properties totaling ~97.6 acres (Hinkle Lands 85.5 acres; Adkins Tract 12.07 acres), bringing the project to 512.21 acres. Both additions are held under five-year Exploration Licenses with Option to Purchase, renewable annually, and grant immediate exploration rights while retaining the company's option to drop either property. The Hinkle Lands lie along strike of the Silver Hill trend and align with a historic Cyprus IP anomaly; the Adkins Tract sits adjacent to central mineralized zones. The Silver Hill project sits on private land in Davidson County, North Carolina, with historic data and recent surface sampling including SH25-003: 444 g/t Ag, 17.7 g/t Au, 8.61% Pb. All technical information reviewed by a Qualified Person under NI 43-101.
MetalSource Mining (OTCQB: SFRIF) provided a Silver Hill drilling update and released project videos on January 5, 2026. Drilling resumed after holidays; four holes totaling 614.38m are complete and a fifth hole will target main mineralization. The drill program was expanded from 800m to 1,400m and samples are en route to ALS Reno for analysis. The company is processing magnetotelluric data to refine the drill plan and will mobilize to the Byrd-Pilot project in late January to drill 4–6 holes. A recent strategic investment by Eric Sprott supported the increased exploration budget. Historic and recent surface data include a sample (SH25-003) assaying 444 g/t Ag and 17.7 g/t Au.
Metalsource Mining (OTC:SFRIF) granted an aggregate of 3,000,000 incentive stock options to employees, officers, directors and consultants on January 2, 2026. The options are exercisable at $0.63 per share for a term of five years from the grant date and are subject to a four-month-and-one-day hold period.
All options were granted under the company's Stock Option Plan and are governed by its terms.
Metalsource Mining (SFRIF) closed a non‑brokered private placement on Dec 31, 2025 raising $1,020,000 by issuing 3,400,000 units at $0.30 per unit. Each unit includes one common share and one‑half warrant; each whole warrant is exercisable at $0.40 until Dec 31, 2027.
Investor Eric Sprott, through 2176423 Ontario Ltd., purchased all Units and increased his holdings to 10,900,000 shares and 5,450,000 warrants, representing ~17.5% non‑diluted and ~24.1% partially‑diluted ownership. Proceeds will fund exploration at Silver Hill and Byrd‑Pilot (North Carolina), work on the Aruba manganese project (Botswana), and general working capital.
Metalsource Mining (OTCQB: SFRIF) has started a 1,600-meter diamond drilling program across its Silver Hill and Byrd-Pilot projects, targeting near-surface mineralization and expansion of known lenses.
Phase-1 will twin historic Byrd-Pilot intercepts using modern QA/QC and test up-dip (~120m) and down-dip/southern expansions at Silver Hill, where mineralization is known to extend to 550m from surface. Recent surface sampling includes SH25-003: 444 g/t Ag, 17.7 g/t Au, 8.61% Pb, 0.507% Zn. Boart Longyear is contracted for drilling through Q1 2026, and a magnetotelluric survey will run in parallel to improve targeting. Results will be released as assays return.
Metalsource Mining (OTCQB: SFRIF) announced that its common shares became eligible for electronic clearing and settlement through the Depository Trust Company (DTC) on December 4, 2025. DTC eligibility allows the company’s shares to be traded electronically on broker platforms that use DTC services, which the company says will enable faster settlement, simplified electronic transfers, reduced administrative burden for participants, broader access to U.S. brokerage firms and investors, and improved liquidity and market presence as Metalsource advances its silver-focused assets in North Carolina.