TORONTO, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX-V: EMO; OTCQX: EMOTF; FSE: LLJA) (the “Company” or “Emerita”) reports results from ongoing drilling of El Cura deposit. El Cura is part of Emerita’s wholly owned Iberian Belt West project (“IBW” or the “Project”; Figure 1) which hosts three Volcanogenic Massive Sulfide (VMS) deposits: La Romanera, El Cura and La Infanta that are currently undergoing Prefeasibility Studies (the “PFS”) (see the Company’s press release dated December 3, 20 ...

TORONTO, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX-V: EMO; OTCQX: EMOTF; FSE: LLJA) (the “Company” or “Emerita”) reports results from ongoing drilling of El Cura deposit. El Cura is part of Emerita’s wholly owned Iberian Belt West project (“IBW” or the “Project”; Figure 1) which hosts three Volcanogenic Massive Sulfide (VMS) deposits: La Romanera, El Cura and La Infanta that are currently undergoing Prefeasibility Studies (the “PFS”) (see the Company’s press release dated December 3, 20 ...

Core Viewpoint - Emerita Resources Corp. has transitioned to trading on the OTCQX Market in the United States, effective January 30, 2026, enhancing its visibility and access to a broader shareholder base [1][2]. Group 1: Company Overview - Emerita Resources is a natural resource company focused on the acquisition, exploration, and development of mineral properties, primarily in Spain [3]. - The corporate office and technical team are based in Sevilla, Spain, with an administrative office in Toronto, Canada [3]. Group 2: Market Transition - The company previously traded on the OTCQB Venture Market and will continue to trade under the symbol EMOTF [2]. - Transitioning to the OTCQX Market signifies a milestone for the company, as it meets higher financial, disclosure, and corporate governance standards [2]. Group 3: Strategic Implications - The move to OTCQX is expected to enhance investor confidence and transparency, which is crucial for the company's ongoing projects, including the Iberian Belt West project [2][3]. - The company aims to advance its projects through permitting and prefeasibility stages, leading towards a production decision [2].

Core Viewpoint - Emerita Resources Corp. has successfully upgraded to the OTCQX Best Market, enhancing its visibility and access to U.S. investors as it advances its Iberian Belt West project [1][4]. Group 1: Company Overview - Emerita Resources Corp. is a natural resource company focused on the acquisition, exploration, and development of mineral properties in Europe, particularly in Spain [4]. - The company has transitioned to trading on the OTCQX under the symbol "EMOTF," which allows U.S. investors to access its financial disclosures and real-time quotes [2]. Group 2: Market and Regulatory Context - The OTCQX Market is designed for established, investor-focused companies that meet high financial standards and corporate governance practices [3]. - Companies must comply with applicable securities laws to qualify for the OTCQX Market, marking a significant milestone for those that graduate from lower-tier markets [3]. Group 3: Strategic Implications - The transition to the OTCQX Market is expected to enhance Emerita's visibility among U.S. investors and broaden its shareholder base, which is crucial for advancing its projects [4]. - The upgrade signifies the company's commitment to maintaining high standards and improving its market presence [3].

Core Viewpoint - NetraMark Holdings Inc. has announced the appointment of Lawrence Guy to its Board of Directors, enhancing the Board's expertise in capital markets and investment management [1][2]. Group 1: Board Appointment - Lawrence Guy's appointment is expected to strengthen the Board with his extensive experience in capital markets, investment management, and public-company governance [2]. - Mr. Guy is currently a Managing Director at Next Edge Capital, focusing on strategic partnerships and evaluating new investment opportunities [2]. - His previous roles include Vice President at Purpose Investments and Portfolio Manager at Aston Hill Financial Inc., showcasing a strong background in financial leadership and corporate development [3]. Group 2: Educational Background and Current Roles - Mr. Guy holds a BA in Economics from the University of Western Ontario and is a Chartered Financial Analyst [4]. - He currently serves as a director for several companies, including Emerita Resources Corp., Lithium Ionic Corp., Nobel Resources Corp., and Halcones Precious Metals Corp. [4]. Group 3: Company Overview - NetraMark is focused on developing Generative Artificial Intelligence (Gen AI) and Machine Learning (ML) solutions for the pharmaceutical industry [5]. - The company's innovative topology-based algorithm allows for the parsing of patient data into relevant subsets, enabling accurate disease segmentation and patient classification for drug sensitivity and treatment efficacy [5].

Core Viewpoint - Emerita Resources Corp. is poised for significant growth in 2026, focusing on advancing its exploration and development plans in Spain, particularly the Iberian Belt West project, supported by a strong financial position with $26 million in equity financing and $50 million secured [1]. Group 1: Project Development - The company is completing engineering studies for a high-grade mining operation at the IBW project, with an updated NI 43-101 Mineral Resource Estimate expected soon to support the Prefeasibility Study (PFS) [2]. - Metallurgical testing has shown gold recoveries exceeding 80%, indicating favorable processing characteristics for producing copper, zinc, and lead concentrates, with ongoing optimization tests to finalize plant design inputs [2]. - The PFS is scheduled for completion by the end of Q2 2026 [2]. Group 2: Permitting and Regulatory Progress - Permitting for the IBW project is progressing, with the Declaration of Strategic Interest (DSI) panel collaborating effectively with the company, and a public comment period expected to begin in Q1 2026 [3]. - The Unified Environmental Authorization (AAU) will analyze potential environmental impacts and outline solutions, marking a critical step in securing mining permits [3]. Group 3: Exploration Initiatives - An airborne survey over the IBW regional area was completed in December, with results under review to guide exploration in the San Antonio project area, which has not been systematically explored [4]. - The company plans to drill the Nuevo Tintillo project in 2026, which has shown promising surface sampling results of up to 3.37 g/t gold and 165 g/t silver [4]. Group 4: Community Engagement - Emerita has established the Emerita Foundation to enhance community engagement and participation in economic and societal opportunities related to the IBW project and future initiatives [6]. Group 5: Leadership Insights - The CEO of Emerita anticipates a transformative year as the company transitions from exploration to mine development, emphasizing the strategic importance of the IBW project and the potential for new discoveries [7].

Core Insights - Emerita Resources Corp. reported significant drilling results from the El Cura deposit, part of the Iberian Belt West project, with notable intersections including 12.1m grading 1.6% copper, 0.85 g/t gold, and 32.11 g/t silver [1][11] Drilling Results - Drill hole EC092 intersected 12.1m grading 1.6% copper, 0.1% lead, 0.1% zinc, 0.85 g/t gold, and 32.11 g/t silver [5][11] - Other notable drill results include: - EC086: 1.8m grading 2.3% copper, 1.78 g/t gold, and 61.39 g/t silver [5] - EC085: 1.4m grading 5.8% copper, 4.89 g/t gold, and 51.0 g/t silver [5] - EC083: 1.3m grading 0.7% copper, 74.08 g/t silver [6] - The deposit has a strike extent of approximately 650 meters and extends about 320m down-dip, with mineralization intercepted in all reported holes [10][11] Project Development - The El Cura deposit is undergoing Prefeasibility Studies, with ongoing drilling aimed at expanding the resource boundaries [1][14] - A total of 86 holes have been drilled at El Cura, with a hit rate of 86% for mineralized intervals [14] - The deposit is considered suitable for underground bulk mining methods, such as long-hole stoping [14] Geological Insights - The drilling tested various portions of the deposit, revealing a coherent steeply dipping gold-copper-rich deposit [10][14] - The upper central area showed consistent results with previous holes, indicating a narrow, copper-gold enriched interval within a broader zone of average grade material [12] Future Exploration - Follow-up extension testing is warranted in the area surrounding hole EC092 due to its significant results [11] - The western extension of the deposit remains a priority for the ongoing drill program, as holes EC085 and EC087 expand the mineral resource boundary beyond previous estimates [13]

Core Insights - Emerita Resources Corp. reports ongoing drilling results from the El Cura deposit, part of the Iberian Belt West project, which includes three Volcanogenic Massive Sulfide deposits currently undergoing Prefeasibility Studies [1][10]. Drilling Results - Recent drilling at El Cura has shown significant mineralization, with various drill holes intercepting mineralized intervals ranging from 0.9m to 12.1m [10]. - Notable results include: - EC092: 12.1m grading 1.6% copper, 0.1% lead, 0.1% zinc, 0.85 g/t gold, and 32.11 g/t silver [5]. - EC085: 1.4m grading 5.8% copper, 0.1% lead, 0.1% zinc, 4.89 g/t gold, and 51.0 g/t silver [5]. - EC086: 1.8m grading 2.3% copper, 1.6% lead, 3.5% zinc, 1.78 g/t gold, and 61.39 g/t silver [5]. Deposit Characteristics - The El Cura deposit has a strike extent of approximately 650 meters and extends about 320m down-dip, remaining open for further exploration [10]. - The deposit is characterized as a coherent steeply dipping gold-copper-rich deposit, suitable for underground bulk mining methods [14]. Exploration Strategy - The company has drilled a total of 86 holes at El Cura, with a hit rate of 86%, indicating a high success rate in identifying mineralized intervals [14]. - The ongoing drill program prioritizes the western extension of the deposit, which is located over 200m beyond the 2025 Indicated Mineral Resource Estimate limits [13]. Future Plans - Follow-up extension testing is warranted in the area around EC092 due to the significant results obtained [11]. - The company aims to classify the deposit primarily as measured and indicated resources, facilitating conversion to reserve categories in the forthcoming Prefeasibility Study [14].

Core Viewpoint - Emerita Resources Corp. is petitioning the Administrative Court of Andalucia regarding alleged irregularities in the awarding of the Aznalcollar public tender, while deciding not to appeal a recent criminal case ruling after consulting with Spanish legal counsel [1][3]. Legal Proceedings - The company aims to focus its legal efforts on obtaining rights to develop the Aznalcollar project, as the Administrative Court is deemed the appropriate venue for resolving the public tender issue [2][3]. - Spanish legal counsel believes Emerita has a strong case based on evidence from a detailed police investigation and the lengthy criminal trial, indicating significant administrative errors in the tender process [2]. Allegations of Errors - Emerita's complaint to the Administrative Court includes several alleged errors, such as: - The Minorbis consortium's failure to meet the requirements of the first stage of the Public Tender, making them ineligible for subsequent stages [5]. - The Minorbis bid being incomplete or non-compliant with the tender's defined criteria [5]. - Incorrect interpretation and application of scoring/evaluation criteria to the bids [5]. - The concession being awarded to Minera Los Frailes, which did not participate in the public tender, instead of the bidding entity, Minorbis-Grupo Mexico, which allegedly violates Spanish administrative and EU procurement law [5]. Timeline and Expectations - The company does not have a firm estimate on when the Administrative Court will issue its resolution, but past experiences suggest a timeframe of 2-3 months [1]. - An appeal of the Criminal Case to the Supreme Court is viewed as unlikely to change the sentencing and could delay the Administrative Court's process by 18-24 months [3]. Company Overview - Emerita Resources Corp. is focused on the acquisition, exploration, and development of mineral properties in Europe, particularly in Spain, with its corporate office and technical team based in Sevilla, Spain, and an administrative office in Toronto, Canada [4].

Core Viewpoint - Emerita Resources Corp. has secured an amended credit agreement with Nebari Natural Resources Credit Fund II, LP, allowing for a standby loan of USD 35 million to support the advancement of its Iberian Belt West Project [1][2]. Financial Support - The Upsized Loan provides flexible financial support for the Company to continue advancing the IBW Project, with drawdowns under the loan agreement at the Company's discretion, subject to meeting specific conditions [2]. Project Development - Nebari's Managing Director expressed confidence in the IBW Project's potential, highlighting the financing capacity now totaling up to USD 50 million, which positions the project well for execution with growing resources and established local infrastructure [3]. - The Company is focused on advancing the IBW Project through permitting and prefeasibility stages, with ongoing drilling and metallurgical advancements enhancing the project's potential [3]. Use of Proceeds - The proceeds from the Upsized Loan will be utilized for working capital related to exploration, geological drilling, engineering studies, environmental permitting, deposits on long lead time items, and general administrative costs [3]. Company Overview - Emerita Resources Corp. is engaged in the acquisition, exploration, and development of mineral properties in Europe, primarily focusing on Spain, with its corporate office in Sevilla and an administrative office in Toronto [4].