Ankündigung • Jun 17
Trident Resources Reports Assay Results for Winter Drill Program At Contact Lake Gold Project Trident Resources Corp. announced assay results for the final 7 (seven) diamond drill holes from the 2026 winter drill program at the Contact Lake Gold Project in northern Saskatchewan. All seven holes were drilled on winter ice into the BK3 Zone at the Contact Lake target area and intersected high-grade gold mineralization further validating the potential of the BK3 Zone to host substantial gold mineralization. Eleven (11) holes remain unreported with assays pending from the Preview Lake deposit area located approximately three kilometres from the Contact Lake target area. These results from the BK3 Zone illustrate the robust characteristics of the mineralizing system present at Contact Lake that has consistently returned high-grade gold horizons at surface and at depth. The winter drill program has reinforced that the Contact Lake deposit is open for expansion along strike in all directions and at depth. Trident has recently recommenced drilling at the project with over 20,000 metres planned for this summer and fall. The results from this release are from holes CL26033, CL26043, CL26044, CL26045, CL26046, CL26047 and CL26048. The holes targeted mineralization in the BK3 Zone, where separate splays of the Bakos Shear Zone display variably intense shearing and alteration with significant gold mineralization present within the shear as well as in the hanging wall and the footwall of the structure. The winter drill program at Contact Lake comprised 10,127m in 29 holes, all of which reported notable intercepts of gold mineralization. The summer 2026 drill program commenced with two drill rigs, drill equipment and personnel presently on site for what is anticipated to be approximately 20,000m of additional drilling that will test the Contact Lake deposit at depth and along strike toward the west. The Contact Lake Gold Project covers approximately 22,790 hectares and includes the past-producing Contact Lake gold mine, which produced approx. 190,000 ounces of gold at an average head grade of 6.16 g/t Au during active mining operations between 1994 to 1998. At the time of mine closure, the price of gold hovered around $300/oz (USD) and Cameco Corporation reported that substantial gold resources were left unmined. Situated in the highly prospective La Ronge Gold Belt of Saskatchewan, the Contact Lake Property also hosts the Preview SW, Preview North and the North Lake orogenic gold deposits. Along with the Greywacke North deposit (located by road 40km northeast of Contact Lake), these four deposits are wholly-owned by Trident Resources and host current Mineral Resource Estimates which do not include any gold-related ounces from the past-producing Contact Lake target area. All drill core is logged, photographed and cut in half with a diamond saw. Half of the core is placed in sealed poly bags with unique identification numbers and transported to ALS Global in Saskatoon, Saskatchewan for analysis, while the other half is archived and stored on site for verification and reference purposes. At the lab, samples are received and digitally recorded then dried and pulverized into a fine powder. Gold is assayed using a 30g fire assay method and 49 additional elements are analyzed by Inductively Coupled Plasma (ICP) utilizing a 4-acid digestion. Secondary metallic screen analyses are performed on select mineralized zones and all samples that return >3 g/t Au to quantify the nugget effect of the gold mineralization. Quality Assurance and Quality Control (QAQC) samples including field blanks, duplicates and lab-certified standards are inserted in the sample stream at a rate of greater than 10% of all samples submitted to the lab. ALS Global also conducts their own internal QAQC protocol. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CA$4.20, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 15x in the Metals and Mining industry in Canada. Total returns to shareholders of 740% over the past three years. Price Target Changed • Jun 12
Price target increased by 84% to CA$7.48 Up from CA$4.06, the current price target is provided by 1 analyst. New target price is 107% above last closing price of CA$3.62. Stock is up 432% over the past year. The company posted earnings per share of CA$0.16 last year. New Risk • Jun 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$135.6m (US$96.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (89% accrual ratio). Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (CA$135.6m market cap, or US$96.8m). Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CA$4.64, the stock trades at a trailing P/E ratio of 41.1x. Average trailing P/E is 16x in the Metals and Mining industry in Canada. Total returns to shareholders of 744% over the past three years. Ankündigung • May 13
Trident Resources Corp. Commences Regional Structural Analysis of La Ronge Gold Belt Properties Trident Resources Corp. announced the commencement of a regional geological structural analysis of available data on their La Ronge Gold Belt Properties in Saskatchewan. The study will be completed by SRK Consulting and will help focus future exploration across the entire Trident claim package. Phase 1 will be a GAP Analysis that focuses on available mapping, drilling, and geochemical data, and any available reports. Also includes a high-level assessment of the current geological interpretation and mineralization controls for orogenic gold. Phase 2 will consist of a Litho-Structural Interpretation of Airborne Magnetic Data. This will be done with current advanced known technologies and knowledge. Program integrated with a three-year collaborative academic structural study with The University of British Columbia. Following the completion of the structural geological interpretation, SRK will prepare a summary report with maps and diagrams. A set of targeting criteria for the AOI will be developed and a set of ranked targets will be produced to inform future exploration. The Company expects 2026 to be very active as exploration efforts continue to expand across the project area. With multiple targets emerging and a growing understanding of the regional geology, the next phase of work will focus on advancing priority areas and testing for additional high-grade orebodies comparable to those that helped establish the Red Lake Camp as one of the world’s highest grade mining camps. Trident remains fully funded with more than $28 million in its treasury. Additionally, assay results from fifteen holes at Contact Lake and eleven holes at the Preview South deposit from the company’s winter drilling program remain pending and are expected in the coming weeks. The structural geological interpretation of the area of interest (AOI) project will focus on understanding the geological history of the project and its relevance to gold mineralization by examining: the geometry of rock fabrics (form line mapping); the distribution and generations of faulting and shear zone development; the distribution and generations of folding; and an option is also proposed to examine the distribution of lithological units. Phase 1 will be a GAP Analysis that focuses on available mapping, drilling, geochemical data, and any available reports, as well as a high-level assessment of the current geological interpretation and mineralization controls for orogenic gold. This high-level review of available remote sensing data will include any available airborne magnetic, electromagnetic, radiometric and elevation data (DEM and/or LiDAR). Data will be evaluated for quality and spatial coverage. Both publicly available and proprietary data will be reviewed. Phase 2 will consist of a Litho-Structural Interpretation of Airborne Magnetic Data. This will be done with current advanced known technologies and knowledge. The scope of work includes a desktop structural geological interpretation of airborne magnetic data to be supplied to SRK by Trident, including: Proprietary, fixed wing aeromagnetic horizontal gradient and VLE-EM survey (75-metre line spacing), acquired by Tundra Airborne Surveys in 2012, covering the Preview, Komis, and Greywacke properties. Proprietary, ground magnetic and IP data, acquired by Bingham Geoscience in 2017 over the Preview SW deposit. Proprietary VTEM data acquired by Geotech in 2018 over the Greywacke, Northlake, Point and Joe deposits. Proprietary IP and drone magnetic data acquired by Dias Geophysical in 2020 over the Hailstone project. Publicly available, regional magnetic compilation data. Data to be acquired from the Saskatchewan Geological Survey. Following the completion of the structural geological interpretation, SRK will prepare a summary report with maps and diagrams. A set of targeting criteria for the AOI will be developed and a set of ranked targets will be produced to inform future exploration. The Company has initiated a collaborative PhD research project with The University of British Columbia Department of Earth and Environmental Sciences at UBC Okanagan to develop a regional-scale structural model aimed at identifying the optimal settings for gold deposits across the La Ronge Gold Belt and within Trident’s tenure area. The project is being undertaken in collaboration with Dr. Tarryn Cawood and will integrate academic research with industry-focused exploration objectives. The initial structural assessment to be provided by SRK Consulting will provide a strong technical foundation for the research and support ongoing multidisciplinary collaboration between Trident Resources and UBC-Okanagan researchers. The Company met last week with Saskatchewan’s Minister of Energy and Resources, the Honourable Chris Beaudry, to discuss the province’s growing leadership in the Canadian mining sector and the future development potential of the Contact Lake Gold Project. The meeting highlighted Saskatchewan’s strong investment climate, stable regulatory framework, skilled workforce, and supportive government approach, which continue to position the province as one of the world’s most attractive jurisdictions for mineral exploration and development. Trident also highlighted the significant long-term opportunity at the Contact Lake Gold Project, including ongoing exploration activities, the advancement of priority targets and the project’s potential to contribute to northern Saskatchewan’s economic growth and employment opportunities. With Saskatchewan forecast to see continued growth in mineral exploration spending and resource investment, the Company believes Contact Lake is well-positioned to benefit from the province’s strong momentum in the mining sector. 
