Welcome to our dedicated page for Nine Mile Metals news (Ticker: VMSXF), a resource for investors and traders seeking the latest updates and insights on Nine Mile Metals stock.
Nine Mile Metals Ltd. reports mineral exploration developments for volcanogenic massive sulphide, or VMS, targets in the Bathurst Mining Camp of New Brunswick, Canada. The company focuses on copper, lead, zinc, silver and gold mineralization across the Wedge VMS Project, Nine Mile Brook VMS Project, California Lake VMS Project and Canoe Landing Lake East-West VMS Project.
Company news commonly covers drill program summaries, certified assay results, copper-equivalent mineralization intervals, geological modeling, borehole electromagnetic surveying and metallurgical or bulk-sample work. Technical releases reference Canadian NI 43-101 mineral project disclosure standards and describe exploration activity tied to critical minerals used in electric-vehicle and green-technology supply chains.
Nine Mile Metals (CSE:NINE, OTC:VMSXF, FSE:KQ9) appointed Jonathan Holmes as President and Jonathan Held as Independent Director, effective immediately. Holmes has supported corporate development and capital markets since April 2025, while Held brings 15+ years of financial and transaction experience.
The company also granted 14,550,000 incentive stock options to directors, officers, committee members and consultants at $0.08 per share, exercisable for five years with immediate vesting, marking the first option grant to management or directors since April 2024.
Nine Mile Metals (OTC: VMSXF) summarized its Fall 2025 Wedge Mine drill program (1,654m) and announced a 10,000m spring 2026 drill program targeting Wedge Mine, Tribag–West Wedge and California Lake East Target #6. Key certified assays include WD-25-02: 22.5m at 61.57 g/t Ag and 1.01 g/t Au. A new copper-rich VMS lens was identified to the west. Permits received, 3D target modelling completed, BHEM surveying planned and rigs committed for Phase 3 in June.
Nine Mile Metals (OTC: VMSXF) reported certified assays from drill hole WD-25-02B at the Wedge Mine, Bathurst Mining Camp, dated April 2, 2026. Key intercepts include 15.00 m @ 3.17% CuEq (107.00–122.00 m) and 6.84 m @ 5.99% CuEq (115.16–122.00 m).
The hole returned visible massive copper sulphides with associated Ag and Au, expanded the mineralized footprint to the west, but terminated at 122 m due to a fault and water loss. Phase 3 drilling is planned for May 2026 with BHEM surveys to help target high-grade lenses.
Nine Mile Metals (OTC: VMSXF) reported certified assays from drill hole WD-25-01 at the Wedge Mine, Bathurst Mining Camp on March 12, 2026. Highlights include 3.83% CuEq over 22.65 m and 4.33% CuEq over 17.65 m, including 13.00 m at 1.21 g/t Au and 50.33 g/t Ag. The interval shows peak assays to 1.72 g/t Au and 148 g/t Ag, strong Pb-Zn values (to 13.90% Pb and 19.30% Zn), and a Cu-dominant zone at the base with elevated Co and Bi.
Assays were produced by an independent lab and CuEq uses March 6, 2026 metal prices with 80% recoveries assumed.
Nine Mile Metals (OTC: VMSXF) paid the third anniversary consideration under its February 9, 2023 purchase option for the Wedge Project: a $40,000 CAD cash payment and 300,000 common shares issued. One remaining anniversary on February 2027 requires $50,000 CAD and 400,000 shares to complete the 100% purchase.
The Wedge VMS Project covers 35.83 km2 and hosts multiple targets. Nine Mile completed its Fall 2025 Phase 2 drill program and is releasing certified assays. The company also engaged Generation IACP for market making and issuer services at $8,500 CAD/month for an initial six-month term.
Nine Mile Metals (OTC: VMSXF) has started Phase 1 bulk-sample metallurgical testing on the Nine Mile Brook high-grade VMS lens with SGS Canada and Glencore Canada. The program will ship up to two ~1 tonne representative samples and a 15.10m drill-core interval (DDH NM220004) for crushing, mineralogy, Bond testing, flotation and Glencore IsaMILLTM analysis.
The reported intersection averages 13.71% CuEq over 15.10m; assays include individual meter intervals up to 22.06% CuEq and anomalous indium. Results, recoveries and smelter-path evaluation will follow completion of Phase 1.
Nine Mile Metals (OTC: VMSXF) reported certified assays for drill hole WD-25-02 at the Wedge Mine (Bathurst Mining Camp) dated February 17, 2026. The hole returned 32.10 m @ 2.78% CuEq, including 11.52 m @ 4.78% CuEq and 6.02 m @ 5.64% CuEq, plus high silver and gold (up to 70 g/t Ag, 1.19 g/t Au).
Three distinct VMS horizons were intersected between 138.72–170.82 m; a standout sample returned 6.52% Cu over 1 m. CuEq uses Feb 13, 2026 metal prices and 80% recoveries.
Nine Mile Metals (OTC: VMSXF) reported drillhole WD-25-05 and a 2025 drill program update at the Wedge Project, stating a 44-meter copper-bearing mineralized intercept in the western extension and ~40 meters of mineralized felsic volcanics. The company completed 7 holes totaling 1,654 metres and shipped 57 samples to ALS for rush assay processing. Management said all five western-target holes hit VMS-style mineralization and that BHEM surveying and new permitting will guide an expanded 2026 drill campaign.
Nine Mile Metals (OTC: VMSXF) completed drill hole DDH WD-25-04 to a final depth of 239 m and intersected 40 m of copper-bearing VMS mineralization starting at 158 m. Mineralization includes covellite, bornite, chalcopyrite and pyrite within silicified rhyolite and sheared graphitic sediments, with sulphide bands of 5–8% increasing to 50–60% at 183 m. Core was logged, cut and a 57-sample batch dispatched to ALS Global in Moncton for base and precious metal assays. The company reports an oversubscribed financing that it says supports an extensive 2026–2027 exploration program across four projects.
Nine Mile Metals (OTC: VMSXF) announced certified assay results from surface sampling at the Wedge VMS Project, Bathurst Mining Camp, New Brunswick on December 29, 2025. Highlights include assays up to 15.00% Cu (sample 280460) and copper-equivalent values to 16.64% Cu-Eq. Multiple samples returned >10% Cu and several returned >14% Cu-Eq (samples 280461–280464).
Samples were analyzed by ActLabs using UT-7 fusion methods with ore-grade follow-up and 30g fire assay for gold. Cu-Eq was calculated using December 16, 2025 metal prices and an assumed 80% metallurgical recovery.