Announcement • Feb 16
Ophir Metals Corp., Annual General Meeting, Apr 10, 2026 Ophir Metals Corp., Annual General Meeting, Apr 10, 2026. Location: ontario, toronto Canada Announcement • Jan 06
Ophir Metals Corp. Completes Review and Initiates Exploration Restart At the Breccia Gold Project in Idaho Ophir Metals Corp. provided an update on the Company's Breccia Gold Property (the "Property" or "Breccia"), located approximately 40 km southwest of Salmon, Idaho. The Property is accessible by paved highway and a network of well-maintained gravel roads across the Property. Within only metres of the Property border, on surrounded unowned claims, drill hole BG21-004 returned 13.02 g/t Au and 46.6 g/t Ag over 7.4 m. The mineralized structure is interpreted to continue onto the Company's Property for over a kilometre, supported by CSAMT and magnetics data, and remains to be drill tested. The Breccia Gold Property hosts a well-defined precious metal system interpreted to represent the upper levels of a low-sulphidation epithermal vein network developed along the Meadows Fault Zone and related subparallel structures. Gold and silver mineralization occur within silicified breccias, quartz-adularia veins, and hydrothermal breccia zones that form along steeply dipping, north- to northwest-trending fault corridors. These studies show a clear relationship between high-grade gold intercepts and resistivity anomalies identified in the CSAMT survey. This supports the interpretation of a vertically extensive, structurally focused hydrothermal system. Drilling completed in 2021 on the central portion of the broader breccia system on claims that are no longer part of Ophir's current Property intersected multiple zones of gold-silver mineralization that coincide with CSAMT-defined resistivity highs. Notable results include BG21-004: 13.02 g/t gold and 46.6 g/T Ag over 7.4 m and 1.68 g/t Au over 22.8 m. Though these Lightning Tree claims are no longer part of OPHir's current Property, Hole BG21-004 is the northernmost hole drilled by the Company and lies within metres of the Property border. The discovery of a new breccia outcrop approximately 800 m north-northwest of the BGZ suggests a structural splay off the Meadows Fault Zone and highlights the Property's broader surface potential. On September 20th, 2021 the Company announced that prospecting led to the discovery of a new, mineralized breccia outcrop occurrence located approximately 800 m north-north west of the center of Breccia Gold Zone, which saw (13.02 g/t Au & 46.6 g/tAg over 7.4 m) and several hundred meters west of the extensive gold in soil anomaly situated along the northern portions of the Meadow's Fault Zone. Ophir has initiated planning for a 2026 exploration program, focused on refining and testing new drill targets along the CSAMT-defined structural corridor and the northern breccia discovery area. Integration of CSAMT and historical drill data into a 3D geophysical-geological model;. Prioritization of drill targets to test strike and depth extensions of the BGZ; The Company and Mr. Mills do not recognize any factors of sampling or recovery that could materially affect the accuracy or reliability of the assay data disclosed in this news release. New Risk • Jan 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$3.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.1m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 52% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$7.83m market cap, or US$5.43m). 
