Core Insights - Inter has received regulatory approval to establish a state-licensed international banking branch in Florida, marking a significant step in its international expansion [1][2] - The new Miami-based branch will enhance Inter's cross-border capabilities and broaden its financial services for individuals and businesses [2] - Inter aims to strengthen its position in the international financial system and deliver greater value to clients through this expansion [2] Company Overview - Inter serves over 41 million customers and is recognized as one of Brazil's top digital banks, accounting for nearly 10% of all P2P payments in the country [3][4] - The company offers a range of financial and lifestyle solutions, including mortgages, credit, investments, and international payments [4] - Inter is acknowledged as a leading FinTech and digital bank by various reputable sources, emphasizing its commitment to innovation and customer empowerment [4] Strategic Objectives - The U.S. branch will optimize Inter's global franchise by improving funding efficiency, lowering servicing costs, and enhancing user experience [5] - It will offer regulated credit and banking products tailored to both U.S. and non-U.S. residents [5] - The branch aims to support international businesses in the U.S. with compliant, technology-driven financial services and strengthen its presence in multicultural communities [5]

Core Insights - The article emphasizes the importance of in-depth research and insights for informed investment decisions in the equity analysis sector, particularly in Latin America [1]. Group 1 - The company has over 5 years of experience in equity analysis focused on Latin America [1].

Vancouver, British Columbia--(Newsfile Corp. - December 30, 2025) - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") announces that, further to its press release of December 10, 2025, the TSX Venture Exchange ("TSX-V") has approved the extension of the exercise period of a total of 19,046,764 share purchase warrants, all of which are exercisable at $0.45 per common share (collectively, the "Warrants") by 90 days. The Company has extended the expiry dates for (i) 9,499,999 of ...

Core Viewpoint - Intrepid Metals Corp. has successfully completed a private placement with Teck Resources Limited, raising $3,960,000 through the issuance of 8,800,000 common shares at a price of $0.45 per share, resulting in a 9.9% strategic equity interest for Teck in the company [1]. Group 1: Financial and Investment Details - The gross proceeds from the offering will fund a 24-month exploration and development program at the Corral Copper Project, which includes various geological and drilling activities [2]. - Teck has entered into an Investor Rights Agreement with Intrepid, granting it rights to maintain or increase its ownership interest in the company, nominate representatives to a technical committee, and receive certain information regarding the Corral Copper Project [3]. Group 2: Project and Exploration Insights - The Corral Copper Property is located in Cochise County, Arizona, near historical mining areas, and is considered an advanced exploration and development opportunity [6]. - Historical mining in the district dates back to the late 1800s, with over 50,000 meters of historical drilling data available for exploration targeting, despite the core being destroyed [7]. - The company aims to combine modern exploration techniques with historical data to advance the Corral Copper Property towards development studies [8]. Group 3: Company Overview - Intrepid Metals Corp. focuses on exploring high-grade essential metals such as copper, silver, and zinc in established mining jurisdictions in southeastern Arizona [9]. - The company has several drill-ready projects, including the Corral Copper Project and the Tombstone South Project, which have significant historical drill results [9].

Core Insights - Intrepid Metals Corp. has announced assay results from the final diamond drill holes of the 2025 campaign at the Corral Copper Property, confirming the presence of anomalous base and precious metals in a new zone approximately 1 km east of the Ringo Zone [1][2] Drilling Results - Hole CC25_045 encountered significant mineralization, including 13.00 meters of 0.11% Copper (Cu), 0.04 grams per ton (gpt) Gold (Au), and 5.64 gpt Silver (Ag), with a Copper Equivalent (CuEq) value of 0.31% [3][8] - Hole CC25_046 reported 55.50 meters of 0.37% Cu, 0.56 gpt Au, and 9.01 gpt Ag, with a CuEq of 1.13%, including a notable interval of 7.20 meters with 0.88% Cu, 0.27 gpt Au, and 47.22 gpt Ag (2.10% CuEq) [7][8] Geological Significance - The geological features observed in the new drilling zone are similar to those at the Ringo Zone, indicating a consistent mineralizing system, although the grades are not yet at historically high levels [2][3] - The presence of silica-clay-altered quartz monzonite intrusions and anomalous base and precious metals suggests a new zone of highly prospective "Ringo Style" mineralization [3] Future Exploration Plans - The new target area will be prioritized for further drilling in 2026 as part of the company's ongoing exploration strategy [2][3] Company Overview - Intrepid Metals Corp. focuses on exploring high-grade essential metals such as copper, silver, and zinc in established mining jurisdictions in southeastern Arizona [19] - The Corral Copper Property is positioned near historical mining areas and is considered an advanced exploration and development opportunity [16][19]

Core Viewpoint - Teck Resources Limited has agreed to acquire 8,800,000 common shares of Intrepid Metals Corp. at a price of $0.45 per share, raising gross proceeds of $3,960,000, which represents 9.9% of the company's outstanding shares on a pro forma basis [1][2]. Group 1: Investment Details - The offering price of $0.45 per share represents a 13% premium to the trailing 20-day volume weighted average price of Intrepid on the TSX Venture Exchange [1]. - Proceeds from the offering will fund a 24-month exploration and development program at the Corral Copper Project, which includes a 50 line-kilometre induced polarization survey, geological mapping, geochemical sampling, and follow-up drilling [2][4]. Group 2: Strategic Partnership - Teck's investment is seen as a cornerstone investment, reflecting the strategic relevance of the Corral Copper Project and its potential for high-grade copper-gold-silver intercepts [2]. - An investor rights agreement will be established, granting Teck participation rights in future equity financings, the right to nominate two representatives to a technical committee, and a right of first refusal on any proposed transfer of the company's interest in the Corral Copper Project [3]. Group 3: Project Background - The Corral Copper Property is located in Cochise County, Arizona, near historical mining areas, and is considered an advanced exploration and development opportunity [6]. - Historical drilling at Corral has produced over 50,000 meters of data, which Intrepid is using to enhance exploration targeting and planning [7][8]. - The company aims to combine modern exploration techniques with historical data to advance the Corral Copper Property towards development studies [8].

Core Viewpoint - Intrepid Metals Corp. is extending the expiry date of 19,046,764 share purchase warrants by 90 days, with the exercise price set at $0.45 per share, subject to TSX Venture Exchange approval [1][2]. Group 1: Warrant Extension Details - The warrants were issued during private placements that closed on January 5, 2024, and January 24, 2024 [1]. - The new expiry dates for the warrants are proposed as follows: 9,499,999 warrants to April 5, 2026, and 9,546,765 warrants to April 24, 2026 [1]. - All other terms and conditions of the warrants will remain unchanged [1]. Group 2: Related Party Transactions - A total of 9,146,567 warrants are held by related parties of the company, making the amendment a "related party transaction" under Multilateral Instrument 61-101 [2]. - The company can rely on exemptions from formal valuation and minority approval requirements as the fair market value of the warrants does not exceed 25% of the company's market capitalization [2]. - The company did not file a material change report more than 21 days before the expected closing of the warrant extension due to expedited decision-making for business reasons [2]. Group 3: Company Overview - Intrepid Metals Corp. is focused on exploring high-grade essential metals such as copper, silver, and zinc in southeastern Arizona, USA [3]. - The company has acquired or has agreements for several drill-ready projects, including the Corral Copper Project and the Tombstone South Project, both located in Cochise County, Arizona [3]. - Intrepid has a team with significant experience in exploration, development, and permitting of new projects in North America [3].

Core Insights - Intrepid Metals Corp. is focusing on the potential discovery of a porphyry deposit beneath the Corral Copper Property, supported by recent drilling results that indicate significant geological features consistent with porphyry systems [2][3][12] - The ongoing drilling campaign at the Ringo Zone has yielded strong assay results, enhancing the company's confidence in the project's discovery potential [1][4][8] Geological Features - The company has identified multiple converging geological features that suggest the presence of one or more porphyry centers adjacent to current drilling activities [2][5] - Indicators such as widespread quartz-sericite-pyrite alteration and angular chalcopyrite-molybdenite-bearing breccia clasts have been observed, reinforcing the hypothesis of a nearby porphyry system [7][10][11] Drilling Results - Recent drill holes CC25_043 and CC25_044 reported significant mineralization, including 228.30 meters of 0.25% Cu, 0.17 gpt Au, and 1.49 gpt Ag, and 112.30 meters of 0.52% Cu, 0.15 gpt Au, and 3.04 gpt Ag [4][8] - The results indicate a potential for previously unrecognized bulk-tonnage porphyry copper-gold deposits in the area [12] Historical Context - The Corral Copper Property is located near historical mining areas with a rich mining history dating back to the late 1800s, providing a favorable context for exploration [32][34] - The property has over 50,000 meters of historical drilling data, which the company is leveraging for current exploration efforts [34][35] Company Overview - Intrepid Metals Corp. is a Canadian company focused on exploring high-grade essential metals such as copper, silver, and zinc in southeastern Arizona [36] - The company aims to combine modern exploration techniques with historical data to advance the Corral Copper Property towards development studies [35][36]

Financial Data and Key Metrics Changes - The company achieved a record net income of BRL 336 million, marking a significant milestone in its journey [23] - Net revenue reached BRL 2.1 billion, up 29% year-on-year and 8% sequentially, driven by growth in the credit book [19][20] - The return on equity (ROE) reached 14.2%, reflecting strong profitability while investing in innovation and operational excellence [23] Business Line Data and Key Metrics Changes - The loan portfolio grew 30% year-on-year, with quarterly growth accelerating to 9% [15] - Active clients transacted over BRL 412 billion, a year-over-year growth of around 30% [10] - Credit card volume surpassed BRL 15 billion for the first time, representing a 20% growth on a yearly basis [10] Market Data and Key Metrics Changes - The company is the second-largest underwriter of home equity in Brazil, achieving an 8.9% market share in portfolio balance [12] - The FX transaction market share reached 8.4%, indicating strong engagement in the global account [12] - The overall market for private payroll loans grew 22%, while the company achieved a growth of 38% [16] Company Strategy and Development Direction - The company focuses on innovation, leveraging AI and hyper-personalization to enhance its app and client experience [6] - The strategy includes driving global expansion and enhancing the global account with new products [6] - The company aims to maintain a balanced ratio of secured to unsecured loans, with two-thirds of the portfolio being secured [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to grow despite a challenging SELIC environment, highlighting strong trends in private payroll loans [30] - The focus remains on sustainable credit and client-centric solutions, aligning with regulatory trends in Brazil [24] - Management anticipates that the upcoming centralized invoice discounting clearing house will accelerate growth in the SME segment [15] Other Important Information - The company has 380 AI initiatives live, a significant increase from 80 during the previous year [6] - The Net Promoter Score remains high at 85 points, indicating strong client satisfaction [8] - The efficiency ratio improved from 47.1% to 45.2%, showcasing operational leverage [22] Q&A Session Summary Question: What is needed to achieve the 30% ROE target in the next two years? - Management highlighted the importance of continued growth in the credit portfolio and the positive trends in private payroll loans, while acknowledging the tough SELIC environment as a headwind [26][30] Question: Is the higher cost of risk a new normal? - Management explained that the cost of risk is expected to stabilize around the current level as the portfolio matures, with a focus on maximizing risk-adjusted NIM [36][39] Question: What drives confidence in maintaining loan book growth amid economic deceleration? - Management emphasized the company's strong client base, digital experience, and the potential for market-based solutions in mortgages and payroll loans [51] Question: What actions led to improved credit card portfolio performance? - Management noted the successful reshaping of the credit card portfolio and improvements in underwriting and collections, leading to a healthier ROE for the product [58][62] Question: What is the outlook for fee income growth? - Management indicated that despite recent one-offs affecting fee growth, they expect net fees to grow in the 20% range going forward, driven by credit card and e-commerce platform performance [81]

Financial Highlights - Net income reached R$336 million[21], with a return on equity (ROE) of 142%[21] - Loan portfolio grew by 30% year-over-year[21] - Total Payment Volume (TPV) run rate reached R$16 trillion[21] - Efficiency ratio improved to 452%[21] Client Growth and Engagement - Added 12 million new active clients[21] - Total client base reached 413 million[21] - Daily logins averaged 201 million, a 43% increase year-over-year[46] - Daily financial transactions averaged 28 million, a 27% increase year-over-year[46] Loan Portfolio and Credit Performance - Private payroll loan portfolio increased by 30% year-over-year[57] - Total loan portfolio grew by 30% year-over-year[57] - Credit card portfolio saw significant growth in installments with interest, increasing by 114% year-over-year[57] Revenue and Funding - Total gross revenue increased by 48% year-over-year[93] to R$2162 million[93] - Total net revenue increased by 29% year-over-year[93] - Cost of funding increased to 102% of CDI[91]