Ankündigung • Jun 24
Spartan Metals Confirms Tungsten Skarn Discoveries At Eagle Project in Nevada Spartan Metals confirmed two tungsten skarn zones at its Tungstonia Claims within its 100% owned Eagle Tungsten-Silver-Rubidium Project, Nevada. Skarn mineralization was confirmed at past-producing Yellow Jacket Mine where historic production grades were approximately 1.12% tungsten trioxide (WO3) with two samples substantially above at 1.87% WO3 and 1.67% WO3. Rock sampling from within mine entrance and dumps delivered tungsten assays of 0.99%, 1.87%, 0.89%, and 1.67% WO3 and highlights 3.3% Zn and 1,320 ppm beryllium (Be), which has not been previously reported at the Eagle Project. Backpack core drilling returned 0.3 meters (m) 0.21% WO3 and 0.33% zinc (Zn). New tungsten-skarn discovery within the tungsten soil anomaly in southeast of project (SE Tungsten Anomaly) reported in December 2025. Rock chip sampling returned 0.34% WO3 and 1.9 g/t Ag and 144 ppm Be. Backpack core drilling encountered previously unobserved molybdenum (Mo) mineralization ranging between 0.01%-0.08% Mo along with significant rubidium (Rb) ranging between 1,122 – 2,122 ppm Rb and silver (Ag) ranging between 1.2-3.1 g/t Ag. Molybdenum and beryllium mineralization along with significant tungsten and silver grades encountered over a length and width of approximately 2 kilometers (km), suggests multiple pulses of mineralization. The discoveries, part of the exploration program announced on May 21, 2026, were confirmed utilizing a portable backpack diamond core drill with a 36.4-millimeter (mm) diameter core and rock chip/channel sampling. The backpack drill is intended to rapidly evaluate potential drill locations prior to mobilization of larger diamond core drills. The vertical holes were collared in altered Guilmette Formation – a geological unit that hosts many deposits across Nevada – close to where it contacts the Tungstonia Pluton with STS-26-007 near the past-producing Yellow Jacket Mine and STS-26-002 and STS-26-003 within the SE Tungsten Anomaly. True thicknesses/widths of mineralization are unknown as further definition is required to define the mineralization orientations. The Yellow Jacket Mine is located in the Guilmette Formation that has a north-south strike and dips moderately toward the northwest, within the Tungstonia Claim block. Tungsten-skarn mineralization is present as scheelite in two zones that total approximately 435m in strike length. The SE Tungsten Anomaly is also located within the Guilmette Formation, however, at this location the Guilmette presents an east-southeast strike and near vertical dip where in contact with the Tungstonia Granite. This steeply dipping section with tungsten skarn mineralization has the potential to reach up to 400 m in thickness at the SE Tungsten Anomaly. Spartan’s ongoing geophysics program will help to confirm this potential. Spartan will continue to execute its 2026 exploration program as discussed in the May 21, 2026, announcement including: Continued surface sampling of soils and rocks – including continued backpack drilling – over claims acquired in November 2025 to potentially extend previously identified tungsten, silver, and rubidium soil anomalies. In Process: Ground geophysics surveys to inform depths of existing 2+ km tungsten-silver veins and potential tungsten skarn mineralization that is coincident with tungsten-silver-rubidium soil anomalies and at Yellow Jacket. Early to mid-August: Approximately 3,000 meters (m) diamond core drilling at high priority targets identified through surface sampling and geophysics surveys. Table 1 Backpack drill core results from Tungstonia Tungsten Skarn Zones (holes drilled vertically). Hole ID Location From (m) To (m) Interval (m) WO3 (%) Ag (g/t) Rb (ppm) Mo (%) Zn (%) STS-26-007 Yellow Jacket 0.9 1.2 0.3 0.21 - - - 0.33 STS-26-002 SE Tungsten Anomaly 0 0.97 0.97 0.07 1,122 0.01 - STS-26-003 SE Tungsten Anomaly 0 0.3 0.3 - 1.6 1,160 0.07 - 0.3 0.6 0.3 - 3.1 1,540 0.04 - 0.6 0.9 0.3 - 1.2 2,122 0.08 - Table 2 Rock chip sample results from Tungsten Skarn Zones Sample ID Location WO3% Ag (g/t) Zn (%) Be (ppm) YJ-2026-001 Yellow Jacket 0.99 1.3 1.0 92 YJ-2026-003 Yellow Jacket 1.87 0.9 2.3 229 YJ-2026-004 Yellow Jacket 0.89 1.9 3.3 1,320 YJ-2026-005 Yellow Jacket 1.67 1.6 2.6 106 AG-RK-GA-068 SE Tungsten Anomaly 0.34 1.9 - 144 Samples were submitted to American Assay Lab (AAL) of Sparks, Nevada, which is a certified and accredited laboratory, independent of the Company. Samples are prepared using industry standard-prep methods and analyzed using method IO-4AB51 (51 element suite: 0.5g 4-acid plus boric acid hot block, ICP-OES plus IM-4ABEx ICP-MS for Rb. AAL undertakes its own internal coarse and pulp duplicate analysis to ensure proper sample preparation and equipment calibration. Spartan’s QAQC includes regular insertion of CRM standards, duplicates, and blanks with a stringent review of results completed by the Company’s Qualified Person, Brett R. Marsh, President and CEO of Spartan Metals. Ankündigung • Jun 16
Spartan Metals Corp. Discovers Two New Tungsten-Silver Veins At Tungstonia Claims Spartan Metals Corp. announced the discovery of two new tungsten-silver veins at its Tungstonia Claims within its 100% owned Eagle Tungsten-Silver-Rubidium Project, Nevada. Two new at surface quartz-huebnerite veins were discovered by backpack core drill sampling approximately 1 kilometer away from Vein 1, which was the primary production vein at the past-producing Tungstonia Mine. Tungsten-silver mineralization is identical to mineralization within Veins 1 through 5 at the Tungstonia Mine. A total of 7 tungsten-silver veins are now confirmed including the new Spartan A and Spartan B veins. Table 1 Backpack drill core assay results for Spartan A and Spartan B Veins. Vein ID Hole ID From (m) To (m) Interval (m) WO3% Ag (g/t) Spartan A STS-26-004 0 1.3 1.3 0.26 9.51 1.3 1.5 0.2 0.23 55.96 Spartan B STS-26-005 0 0.8 0.8 0.57 9.16. The discoveries, part of the exploration program announced on May 21, 2026, were confirmed utilizing a portable backpack diamond core drill with a 36.4-millimeter diameter core. The backpack drill is intended to rapidly evaluate potential veins and proposed drill locations prior to mobilization of larger diamond core drills. The vertical holes were located near potential vein locations interpreted from Spartan’s 2025 surface exploration programs and collared in greisen altered granite. True thicknesses/widths of mineralization are unknown as further definition is required to define the vein orientations. The drill results validate the presence of previously interpreted but unconfirmed veins at the Tungstonia claims and illustrate the potential for continued district scale discovery at the Eagle Project. The assay results are consistent with previously reported production grades at the Tungstonia and Yellow Jacket Mines of 0.6-0.9% WO3 and 1.12% WO3, respectively, which further illustrates the tungsten potential at the Eagle Project. This hole was collared approximately 850 meters west-northwest of the southern extension of Vein 1 and approximately 2 km south-southwest of the Tungstonia Mine and drilled to a depth of approximately 1.52 m. Quartz with huebnerite was encountered from surface and exhibited similar characteristics to the mineralization observed in Vein 1 near the Tungstonia Mine. Huebnerite crystals were approximately 1-2 centimeters in size. This hole was collared approximately 150m east of hole TS-26-004 and drilled to a depth of approximately 1.22 m. Quartz with huebnerite was encountered from the surface and contained 3-5 mm huebnerite crystals with multiple thin veinlets of huebnerite throughout the quartz. Spartan will continue to execute its 2026 exploration program as discussed in the May 21, 2026, announcement including: Continued surface sampling of soils and rocks – including continued backpack drilling – over claims acquired in November 2025 to potentially extend previously identified tungsten, silver, and rubidium soil anomalies; Mid-June: Ground geophysics surveys to inform depths of existing 2+ km tungsten-silver veins and potential tungsten skarn mineralization that is coincident with tungsten-silver-rubidium soil anomalies; Early to mid-August: Approximately 3,000 meters diamond core drilling at high priority targets identified through surface sampling and geophysics surveys. Samples were submitted to American Assay Lab (AAL) of Sparks, Nevada, which is a certified and accredited laboratory, independent of the Company. Samples are prepared using industry standard-prep methods and analyzed using method IM-4AB52 (52 element suite: 0.5g 4-acid plus boric acid hot block). AAL undertakes its own internal coarse and pulp duplicate analysis to ensure proper sample preparation and equipment calibration. Spartan’s QAQC includes regular insertion of CRM standards, duplicates, and blanks with a stringent review of results completed by the Company’s Qualified Person, Brett R. Marsh, President and CEO of Spartan Metals. Recent Insider Transactions • Jun 10
Director recently sold CA$1.4m worth of stock On the 8th of June, Burton Egger sold around 2m shares on-market at roughly CA$0.61 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$1.4m more than they bought in the last 12 months. New Risk • May 05
New major risk - Revenue and earnings growth Earnings have declined by 37% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 37% per year over the past 5 years. Shareholders have been substantially diluted in the past year (131% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Market cap is less than US$100m (CA$39.5m market cap, or US$29.0m). Ankündigung • Apr 30
Spartan Metals Corp. announced that it has received CAD 5.5 million in funding On April 29, 2026, Spartan Metals Corp. closed the transaction. The company issued 10,000,000 units at an issue price of CAD 0.55 per unit for gross proceeds of CAD 5,500,000. Each Unit consists of one common share of the Company and one-half of one non-transferable share purchase warrant. Each Warrant entitles the holder to purchase one additional Share of the Company at a price of CAD 0.85 per share until April 29, 2027. Insiders of the Company participated in the Private Placement for an aggregate amount of 300,000 Units. In connection with the Private Placement and in accordance with the policies of the Exchange the Company paid aggregate cash finder’s fees totaling CAD 183,876 and issued 334,320 non-transferrable finders warrants. Each Finder Warrant will entitle the holder to acquire one additional common share in the capital of the Company at a price of CAD 0.85 until the Expiry Date and subject to the Accelerate on Right. All securities to be issued in the Private Placement are subject to a statutory four month and one day hold period expiring on August 30, 2026. Ankündigung • Apr 02
Spartan Metals Corp. announced that it expects to receive CAD 4.4 million in funding Spartan Metals Corp. has announced to issue a non-brokered private placement up to 8,000,000 units at the price of CAD 0.55 per Unit for gross proceeds of CAD 4,400,000 on April 2, 2026. Each Unit consists of one common share of the Company and one-half of one non-transferable share purchase warrant. Each Warrant entitles the holder to purchase one additional Share of the Company at a price of CAD 0.85 per share for a period of 12 months from the date of issue subject to, in the event that the closing price of the Shares of the Company on the TSX Venture Exchange. Certain insiders of the Company may acquire securities es under the Private Placement. Any such participation would be considered to be a “related party transaction on” as defined under Mul lateral Instrument 61-101 (“MI 61-101”). The transaction on will be exempt from the formal valuation on and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any shares issued to or the consideration on paid by such persons will exceed 25% of the Company's market capitalization. The Company may pay finders fees of 6% in connection on with the Private Placement in cash and warrants. Each Finder Warrant will entitle the holder to acquire one additional common share in the capital of the Company at a price of CAD 0.85 for 12 months un l the Expiry Date and subject to the acceleration on Right. All securities to be issued in the Private Placement will be subject to a four month plus one day hold period from the closing date under applicable securities es laws in Canada. 
