EraNova Metals Stock Price, News & Analysis

Stuhini Exploration Ltd. (OTCQB: STXPF), which is changing its corporate name to EraNova Metals Inc., is a mineral exploration company focused on the exploration and development of precious and base metals properties in western Canada. The company is listed on the TSX Venture Exchange under the symbol STU and on the OTCQB under STXPF. Its activities center on advancing a portfolio of exploration-stage assets with a particular emphasis on multi-metal opportunities.

Corporate evolution and name change

According to a company announcement, Stuhini Exploration Ltd. will officially change its name to EraNova Metals Inc., effective January 19, 2026. The new name reflects a broader strategy focused on unlocking value from a multi-metal asset base at the flagship Ruby Creek Project in northern British Columbia. Following the name change, the company’s common shares are expected to begin trading on the TSX Venture Exchange under the ticker symbol NOVA. The company has stated that there is no consolidation or change in share capital in connection with the name change and that existing share certificates remain valid.

The rebranding to EraNova Metals is described by the company as marking a new chapter that builds on its existing foundation while emphasizing a multi-metal growth trajectory. This evolution is tied to the advancement of a molybdenum deposit toward economic studies, high-grade silver with demonstrated metallurgical recoveries, and newly identified copper-gold targets within the Ruby Creek Project.

Core business focus

Stuhini, and going forward EraNova Metals, describes itself as a mineral exploration company focused on exploration and development of precious and base metals properties in western Canada. The company’s portfolio of exploration properties includes:

• The flagship Ruby Creek Project, located east of Atlin, British Columbia.
• The Big Ledge Property, located south of Revelstoke, British Columbia.
• The South Thompson Nickel Project, located in west-central Manitoba (also referred to as northwest of Grand Rapids, Manitoba in company disclosures).

The company states that it owns 100% of the Ruby Creek Project and highlights this project as its primary asset.

Ruby Creek Project and multi-metal potential

The Ruby Creek Project is described as a road-accessible, approximately 29,734-hectare property located east of Atlin, British Columbia. Company disclosures note that the project hosts:

• The Ruby Creek Molybdenum Deposit, characterized as a porphyry-style system with a measured and indicated pit-constrained resource of 433 million pounds of molybdenum, based on a 2022 NI 43-101 mineral resource estimate using a US$15.00 per pound molybdenum price and a 0.02% cut-off grade.
• A total of 48 documented mineral occurrences, including 16 gold-related showings and 7 significant placer gold creeks.
• Multiple silver and critical metal targets, including the high-grade Silver Surprise Zone and other silver targets such as Daybreak, Adera, and Ruffner.

The company has engaged Tetra Tech Canada Inc. to complete a conceptual-level economic viability assessment of the Ruby Creek molybdenum deposit. This work draws on historical drilling, feasibility studies, metallurgical and environmental work, and an existing BC Mines Act permit that is described as being in care and maintenance. The assessment is intended to inform potential further economic studies of the deposit.

Dual-path strategy: development and discovery

In its communications, the company describes a dual-path strategy at Ruby Creek summarized as “one property, two paths to value creation.” This strategy consists of:

• Development track: advancing internal economic studies and conceptual-level work on the measured and indicated molybdenum resource at Ruby Creek, including work by Tetra Tech to evaluate development scenarios and updated assumptions.
• Exploration track: advancing a pipeline of high-impact multi-metal targets across the Ruby Creek land package, including high-grade silver zones and a newly identified copper-gold porphyry target in the Ruffner area.

Company disclosures emphasize that mineralization at Ruby Creek remains open in several directions and at depth and that additional exploration work, including sampling, mapping, geophysics, and potential drilling or bulk sampling, is being used to refine and prioritize targets.

Silver Surprise Zone and metallurgical work

The Silver Surprise Zone at Ruby Creek is highlighted by the company as hosting the highest silver grades identified to date on the property. Reported features of this zone include:

• Surface grab samples with silver grades between 1,000 g/t and 16,030 g/t, including several samples above 10,000 g/t silver.
• Mineralization occurring in at least three parallel, sub-vertical quartz-sulphide veins and vein-breccias, approximately 1 metre wide and exposed at surface over strike lengths of up to 180 metres before passing beneath talus cover.
• Described “bonanza-grade” silver samples and visible native silver in the zone.

The company has reported results from a surface mini-bulk sample of approximately 1,585 pounds from the Silver Surprise Zone. Metallurgical testing, including gravity separation on a Gemini shaking table and direct smelting, indicated a 95% silver recovery in a direct smelting test and the production of a refined silver bar from gravity concentrate. The company notes that these results suggest a significant proportion of free, heavy silver and that direct smelting at high recovery could represent a favorable processing route for this style of mineralization. Further work, including follow-up prospecting, sampling, and potential larger bulk samples or drilling, has been discussed in company communications as subject to permitting and ongoing evaluation.

Ruffner copper-gold porphyry target

Within the Ruby Creek Project, the company has announced the identification of a potential copper-gold porphyry target in the Ruffner area, near the historic Atlin Ruffner Silver Mine. Reported attributes of this target include:

• Grab outcrop and talus samples with copper grades above 0.5% Cu, with reported assays up to 8.1% Cu.
• Gold assays reported up to 36.8 g/t Au in talus float and 13.0 g/t Au from outcrop.
• Geological similarities to the host rock of the Ruby Creek molybdenum deposit.
• Magnetic data suggesting a mineralized porphyry footprint on the order of hundreds of metres in extent.

The company describes this target as part of a broader cluster of silver and multi-metal prospects around the Ruby Creek molybdenum deposit and notes that additional assays and petrographic analysis are being used to refine the geological model.

Other properties: Big Ledge and South Thompson

Beyond Ruby Creek, Stuhini (EraNova Metals) describes additional projects in its portfolio:

• Big Ledge Property: located south of Revelstoke, British Columbia, and described in some company communications as a zinc-lead property. It is included among the company’s exploration-stage assets.
• South Thompson Nickel Project: located in west-central Manitoba and described as a nickel project northwest of Grand Rapids, Manitoba. This project is also part of the company’s exploration portfolio.

Public disclosures present these properties as part of a broader focus on precious and base metals exploration in western Canada, with Ruby Creek positioned as the flagship asset.

Corporate status and trading

Stuhini Exploration Ltd. is listed on the TSX Venture Exchange under the symbol STU and on the OTCQB under the symbol STXPF. The company has announced that, effective January 19, 2026, it will adopt the name EraNova Metals Inc. and trade on the TSX Venture Exchange under the symbol NOVA. The company has stated that there is no share consolidation associated with this change and that existing share certificates remain valid. There is no indication in the provided information of a delisting or cessation of operations; rather, the change is described as a rebranding aligned with the company’s multi-metal strategy.

Governance and corporate developments

Company news has noted governance developments, including the retirement of the founder and former chairman from the board of directors and the re-election of certain directors at an annual general meeting. The company has also reported the authorization and grant of stock options under its stock option plan to directors, officers, employees, and consultants, as well as the engagement of an external market maker to improve liquidity of its common shares on the TSX Venture Exchange.

Summary

In summary, Stuhini Exploration Ltd., transitioning to the name EraNova Metals Inc., presents itself as a mineral exploration company focused on multi-metal opportunities in western Canada. Its flagship Ruby Creek Project in British Columbia hosts a molybdenum deposit with a defined mineral resource, high-grade silver zones, and emerging copper-gold porphyry targets. Additional projects, including Big Ledge and South Thompson, contribute to its portfolio of precious and base metals exploration properties. The company’s public communications emphasize a dual-path approach that combines advancing economic studies on the molybdenum deposit with ongoing exploration of high-impact targets across its land package.