Announcement • Jun 16
Prismo Metals Reports Results of Phase I Drill Program At Silver King Project Prismo Metals Inc. provided the results of the Phase I drill program at its Silver King project, located in the Superior (Pioneer) Mining District near the town of Superior, Arizona which consisted of eight holes for a total of 1,272 meters. Highlights of the Phase I drill program include multiple bonanza-grade silver intercepts, highlighted by hole SK-26-08, which returned 2.3 m (7.4 feet) grading 1,452 g/t Ag, 1.6 g/t Au and 1.9% Cu, including 0.4 m at 4,811 g/t Ag, 4.6 g/t Au, 5% Cu and 3% Pb. Several additional high-grade to bonanza-grade silver intervals (500 – 1,000+ g/t Ag) were intersected across the program, including 2.7 m (9.0 feet) @ 557 g/t Ag in SK-26-06 and 1.2 m (4 feet) @ 517 g/t Ag in SK-26-01. The two objectives of the first phase of drilling were squarely met, namely: 1- confirmed that the upper portion of the pipelike mineralized body is largely unmined and retains additional exploration potential, and 2- hole SK-26-07 showed a transition to copper mineralization at depth similar to the nearby Silver Queen mine that later became the Magma mine. The drilling in this initial program was relatively widely spaced considering the footprint of the pipelike mineralized body. Maps of historical underground workings were used for drill hole planning. Holes were drilled at varying orientations to better determine the boundaries of the mineralization. The historic maps appear to be reasonably accurate. Several holes cut relatively wide intervals of greater than 10 meters with multi-ounce silver values. Higher gold values were reported from hole SK-08, the only shallow hole that was drilled westerly, providing a target for additional drilling in the western portion of the mineralized body. Seven holes for 784 m tested the upper portion of the Silver King deposit, one hole for 488 m hole tested the downdip extension of the deposit and the deep higher temperature, porphyry copper style mineralization. Confirmed that the upper portion of the pipelike mineralized body is largely unmined. Assays point to the possibility of additional exploration potential. High grade mineralization remains unmined as was suspected based on reports from the 114’ and 250’ (35 and 76m) levels when the mine was briefly opened in 1999-2000. Silver mineralization is underlain by higher temperature mineralization that is hypothesized to be related to a porphyry copper system. Eight holes were completed for a total of 4,173 feet or 1,272 meters. All holes except hole 3 that was drilled outside of the deposit area intersected quartz and barite veins and breccia fill with variable quantities of sulfide minerals. Historic workings were intersected in several holes within the mineralized areas. Several holes also intersected apparent back-filled stopes with broken rock and some wood beams below the 250-foot (76m) level. In some cases sampling is not continuous along the drill hole and intervals of samples are separated by unsampled core. Some additional sampling may be completed. Hole SK-26-07 was drilled from a site to the north of the west dipping pipelike body at a steep angle to the southwest to test the portion of the body below the 800-900 foot (244-274m) level, the lowest known level of historic mining. The hole intersected silver mineralization at several points above the target zone indicating that high grade mineralization is locally present away from the main mineralized body. This hole also appeared to hit some stopes with mineralization in backfill at the 600-700’ (183-213m) level. The lower portion of the hole intersected a distinct intrusive with higher temperature alteration and abundant pyrite with local chalcopyrite and rare pyrrhotite. The Silver King Mine occurs within an ‘embayment’ or erosional window that exposes multiple intrusive phases. Abundant historic workings scattered throughout the embayment further support an interpretation that Silver King may represent a telescoped system: possible high-temperature porphyry-style alteration at depth overprinted by later, shallower epithermal silver /base metal veins. The data suggest that a potential copper-rich hypogene core my lie at depth below or lateral to the Silver King pipelike body at the Silver King Mine. The presence of potassic alteration at relatively shallow depths is unusual for the district and also suggests the Silver King mineralized pipe may be a late-stage part of a larger hydrothermal system. Assays were completed by SGS at their labs in Tempe, Arizona and Vancouver. Assays consist of 30 gram fire assay with an AA finish for gold and a multielement package analyzed by ICP ES and MS with a multi acid digestion. Mercury was analyzed separately by cold vapor AA. Controls samples consisting of Certified Reference Materials as pulps and coarse blanks were inserted into the sample stream at a rate of approximately 1 for every 20 core samples. The historic data presented in this press release was obtained from public sources, should be considered incomplete and is not qualified under NI 43-101, but is believed to be accurate. The Company has not verified the historical data presented and it cannot be relied upon, and it is being used solely to aid in exploration plans. References to mineralization at the Magma Mine and Resolution Copper deposit is not necessarily indicative to the mineralization on the Silver King property. New Risk • Jun 02
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$2.4m 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$2.4m free cash flow). Share price has been highly volatile over the past 3 months (28% average weekly change). Earnings have declined by 41% per year over the past 5 years. Shareholders have been substantially diluted in the past year (93% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€5.36m market cap, or US$6.24m). Board Change • May 21
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Louis Doyle was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 27
Blade Resources Inc agreed to acquire 95% stake in Hot Breccia copper project located in Arizona from Prismo Metals Inc. (CNSX:PRIZ). Blade Resources Inc agreed to acquire 95% stake in Hot Breccia copper project located in Arizona from Prismo Metals Inc. (CNSX:PRIZ) on February 26, 2025. A cash consideration of CAD 0.19 million will be paid by Blade Resources Inc. The consideration consists of 6.75 million common equity of Blade Resources Inc to be issued for assets of Hot Breccia copper project located in Arizona. Following completion of the Transaction, Prismo will own approximately 24% of Blade’s issued and outstanding shares and will be Blade’s largest single shareholder.
The expected completion of the transaction is March 2, 2026. Announcement • Feb 18
Prismo Metals Inc. announced that it has received CAD 0.1475 million in funding Prismo Metals Inc. announces that it has closed non-brokered private placement of 1,475,000 Units at an issue price of CAD 0.10 per Unit for gross proceeds of CAD 147,500 on February 17, 2026. Each Unit consists of one common share in the capital of the Company and one common share purchase warrant of the Company. Each Warrant entitles the holder to purchase one Share for a period of thirty-six (36) months from the date of issue at an exercise price of CAD 0.175. In connection with the Private Placement, the Company issued an aggregate of 118,000 finder’s warrants and paid finder’s commissions of CAD 11,800 to a certain qualified finder. All securities issued or issuable in connection with the Private Placement are subject to a four-month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. Announcement • Jan 13
Prismo Metals Inc. announced that it has received CAD 2.404 million in funding On January 12, 2026, Prismo Metals Inc. closed the transaction and completed its fourth and final tranche. The company issued 2,000,000 Units at a price of CAD 0.10 for gross proceeds of CAD 200,000 in its fourth tranche. Each Unit consists of one common share in the capital of the Company and one common share purchase warrant of the Company. Each Warrant entitles the holder to purchase one Share for a period of 36 months from the date of issue at an exercise price of CAD 0.175. The transaction included participation from new shareholder or a subscriber who became a shareholder of the company through our 2025 private placement. In connection with the Closing, the Company issued an aggregate of 120,000 finder’s warrants and paid finder’s commissions of CAD 12,000 to a certain qualified finder. Each Finder’s Warrant is exercisable for a period of twenty-four (24) months from the date of issuance to purchase one Share at a price of CAD 0.10. In addition, the Company paid a cash fee of CAD 3,000 to a financial advisor. The Units issued pursuant to the Closing are subject to a four-month hold period from the closing date of the Closing under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. 
