V Ten Announces Drill Program Update at the Tanami Property, NT, Australia

V Ten Metals (TSXV: VTEN, OTCQB: VTNMF) has started its inaugural drill program at the Tanami Property in the Northern Territory, Australia.

Rhea-AI Summary

V Ten Metals (TSXV: VTEN, OTCQB: VTNMF) has started its inaugural drill program at the Tanami Property in the Northern Territory, Australia. The project covers four exploration licences totaling about 1,237 sq km in the Tanami Desert, roughly 450 km northwest of Alice Springs.

The reverse-circulation drill program will include 6–10 holes for approximately 2,150 m, targeting high-priority nickel-copper-PGE anomalies defined by historical Aircore geochemistry, magnetic data and HeliTEM surveys. V Ten also engaged Venture Liquidity Providers for market-making services at $5,000 per month, subject to TSX Venture approval.

Positive

• Inaugural RC drill program commenced with 6–10 holes totaling ~2,150 m at Tanami
• Large land package of approximately 1,237 sq km across four granted exploration licences
• Targets defined by integrated Aircore geochemistry, magnetic data and HeliTEM anomalies
• Market-making agreement with Venture Liquidity Providers at $5,000 per month to help maintain orderly trading

Negative

• Ongoing cash outlay of $5,000 per month for market-making services

News Explained

The proposed market-making arrangement is a terminable service contract costing $5,000 per month; VLP has no present interest in the company or its securities, and the arrangement remains subject to regulatory approval.

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Vancouver, British Columbia--(Newsfile Corp. - August 31, 2026) - V Ten Metals Corp. (TSXV: VTEN) (OTCQB: VTNMF) ("VTen" or the "Company") is pleased to announce it has collared the first drill hole of the inaugural drill program at the Company's Tanami Property (the "Property"), located in the Tanami District of the Northern Territory, Australia. The Property consists of four semi-contiguous granted exploration licenses ("ELs") EL 23848, EL 31402, EL 23874 and EL 23875, covering 1,237 sq km located in the Tanami Desert approximately 450km directly northwest of Alice Springs, Northern Territory, Australia.

Blair Way, Company President and Director, comments: "With the drill rig turning, we continue to advance the work program on the Property. The team has done a great job of mobilizing and getting set up for the work program. The data from this drill program will enable a deeper understanding of the property and orient an aggressive follow-up drill campaign. These works aim to unlock the significant potential of the Property and build shareholder value in the process."

Figure 1 Drill Rig Set up for first hole

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10047/312059_8cd6173ec426cac6_002full.jpg

This drill program marks the first drill testing to date along these two highly prospective trends as well as the first drill program by the Company on the Property to date. This drill program will be comprised of 6-10 drill holes for a total of approximately 2,150 m of RC drilling. The program is designed to test a series of high-priority nickel-copper-PGE targets, integrating historical Aircore geochemistry with magnetic and HeliTEM geophysical anomalies. The objective is to confirm sulphide mineralisation within fresh bedrock, validate geophysical models, and define the geological controls and continuity of mineralisation along a northeast-trending corridor.

VTEN Metals has, subject to regulatory approval, retained Venture Liquidity Providers Inc. (VLP) to initiate its market-making service to provide assistance in maintaining an orderly trading market for the common shares of the company.

The market-making service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd., in compliance with the applicable policies of the TSX Venture Exchange and other applicable laws. For its services, the corporation has agreed to pay VLP $5000.00 per month. The agreement may be terminated at any time by the corporation or VLP. The corporation and VLP act at arm's length, and VLP has no present interest, directly or indirectly, in the corporation or its securities. The finances and the shares required for the market-making service are provided by W.D. Latimer. The fee paid by the company to VLP is for services only.

VLP is a specialized consulting firm based in Toronto providing a variety of services focused on TSX-V-listed issuers.

Qualified Person

D. Blair Way, B.Sc., P. Geo., CEO and President for the Company and Qualified Person as defined by National Instrument 43-101, approved and supervised the preparation of the technical information in this news release.

About V Ten Metals Corp.

VTen is a Canadian mining exploration company listed on the TSX Venture Exchange owns the Ni-Cu-PGE-Au Tanami Project, 1,235 km² strategically located adjacent to Newmont's Granites Mine located in Northern Territory, Australia. The company has a farm-in JV in place exploring for potential gold targets. VTen is led by a highly qualified team with a track record of successful exploration worldwide.

FOR FURTHER INFORMATION, PLEASE CONTACT:

D Blair Way, CEO, President and Director
Telephone: +1 (800) 482-7560 (Main); +1 (800) 482-7560 (Other - Toll Free)
E-mail: info@vtenmetals.com

Cautionary Notes

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, "forward- looking statements") within the meaning of applicable Canadian and United States legislation. Forward-looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, any statements or plans regarding the Agreement, the anticipated benefits of the Agreement, and any other matters in connection with the aforementioned items. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, but are not limited to, the risk that the Company may not be able to execute and raise funds necessary to complete its planned future activities and proposed business plans.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312059

FAQ

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What did V Ten Metals (OTCQB: VTNMF) announce about drilling at the Tanami Property on August 31, 2026?

V Ten Metals announced it has collared the first hole of its inaugural drill program at the Tanami Property. According to the company, the reverse-circulation program will comprise 6–10 holes totaling about 2,150 m, testing high-priority nickel-copper-PGE targets.

How large is V Ten Metals’ Tanami Property in Australia and where is it located?

The Tanami Property covers approximately 1,237 square kilometres across four exploration licences. According to V Ten Metals, it is in the Tanami Desert, about 450 km northwest of Alice Springs in the Northern Territory, a region known for significant mineral potential.

What are the objectives of V Ten Metals’ 2,150 m drill program at Tanami for VTNMF shareholders?

The drill program aims to confirm sulphide mineralisation in fresh bedrock and validate geophysical models. According to V Ten Metals, it will also help define geological controls and continuity of mineralisation, supporting potential follow-up drilling and future decisions for advancing the project.

Which commodities is V Ten Metals (VTNMF) targeting in the Tanami drill program?

The program targets nickel, copper and platinum-group elements (PGE) within defined anomalies. According to V Ten Metals, drilling will test high-priority Ni-Cu-PGE targets generated by historical Aircore geochemistry combined with magnetic and HeliTEM geophysical data along a northeast-trending corridor.

What market-making agreement did V Ten Metals (VTNMF) enter and what are the key terms?

V Ten Metals retained Venture Liquidity Providers to provide market-making services, subject to regulatory approval. According to the company, it will pay VLP $5,000 per month, with services executed via W.D. Latimer and the agreement terminable at any time by either party.

Who is the Qualified Person for V Ten Metals’ Tanami drill program disclosure?

D. Blair Way, B.Sc., P.Geo., CEO and President, is the Qualified Person. According to V Ten Metals, he approved and supervised preparation of the technical information, ensuring compliance with National Instrument 43-101 standards for public mineral project disclosure.