Core Insights - Hercules Metals Corp. has confirmed a significant new silver discovery at Hercules, marking the first such discovery since the 1980s, indicating a major southern extension of the Ag-Pb-Zn epithermal system [1][7] - The ongoing drilling campaign in 2025 has yielded promising results from the Leviathan porphyry copper discovery, showcasing strong continuity and thickness in mineralization [2][3] Drilling Results - Drill hole HER-25-12 intersected 285 m of mineralization grading 0.47% Cu, 63 ppm Mo, and 1.0 g/t Ag, including a notable 56 m section with 0.89% Cu, 41 ppm Mo, and 1.7 g/t Ag [3][18] - The first drill hole in the Southern Flats Zone, HER-25-06, revealed 10.7 m grading 257.2 g/t Ag, 2.18% Pb, and 4.62% Zn (420.5 g/t AgEq), within a broader interval of 119.9 m grading 31.2 g/t Ag, 0.29% Pb, and 0.86% Zn (59.7 g/t AgEq) [4][8] Geological Insights - The newly identified epithermal silver-lead-zinc center in the Southern Flats Zone is supported by multiple drill holes spaced over 1 km apart, suggesting the potential for the largest epithermal silver system on the Hercules Property [8] - The alteration observed in drill holes indicates proximity to a nearby porphyry center, with ongoing step-out drilling planned to follow up on these results [5][7] Future Exploration Plans - A refined, high-resolution model of the 5 km Leviathan anomaly is expected to enhance targeting for new porphyry and epithermal centers, particularly in areas with reduced cover thickness [8] - Follow-up drilling is planned to test the southwest extension of the Footwall Zone, with additional holes scheduled to resume in early 2026 [5][18] Company Overview - Hercules Metals Corp. is focused on developing a new porphyry copper district in Idaho, with the Leviathan porphyry copper system being one of the most significant discoveries in the country [25][26] - The company aims to deliver value to shareholders through continued drilling and discovery success, supported by strategic investments [27]

Core Viewpoint - Hercules Metals Corp. has appointed Mr. Matthieu Bos as the independent director and Chairman of the Board, succeeding Peter Simeon, who remains a director of the Company [1]. Group 1: Appointment Details - Mr. Matthieu Bos has over 15 years of experience in investment banking, project development, and corporate leadership within the global mining sector [2]. - His previous role was Executive Vice President at Ivanhoe Mines Ltd., where he was instrumental in advancing the Kamoa-Kakula Copper Project, securing US$3 billion in financing [3]. - Mr. Bos has also worked in the Metals & Mining Investment Banking team at BMO Capital Markets, advising on equity and debt financings, mergers, and acquisitions [4]. Group 2: Current Roles and Contributions - Currently, Mr. Bos serves as President and CEO of Falcon Energy Materials plc, a critical minerals development company [6]. - His experience positions him to provide strong governance and strategic guidance as Hercules advances the Leviathan porphyry copper discovery [6]. - The Company has granted Mr. Bos 1,000,000 incentive stock options, which will vest over 24 months [8]. Group 3: Company Overview and Strategic Vision - Hercules Metals Corp. is focused on developing a new porphyry copper district in Idaho, with the Leviathan porphyry copper system being a significant discovery [9][10]. - The Company is well-positioned for growth, supported by a strategic investment from Barrick Mining Corporation [10]. - Mr. Bos emphasized the strategic vision to develop the copper belt into a tier-one mining district, attracting attention from major mining companies [8].

Core Insights - Hercules Metals Corp. reported significant drilling results from its 2025 campaign at the Leviathan porphyry copper discovery, indicating long intervals of continuous copper mineralization and notable silver presence [1][2][3] Drilling Results - Drill hole HER-25-05 intersected 273 meters of 0.60% copper, 77 ppm molybdenum, and 1.8 g/t silver, within a broader interval of 379 meters averaging 0.50% copper [3][4] - Drill hole HER-25-03 intersected 256 meters of 0.44% copper, 85 ppm molybdenum, and 0.9 g/t silver within 452 meters averaging 0.37% copper [3][4] - The mineralization begins at a true depth of just 110 meters below the surface in HER-25-05, indicating a shallower depth of significant mineralization [4][5] Exploration Model - A new 3D exploration model is driving positive results, allowing for systematic drilling and identification of high-grade mineralization [4][5] - The company is employing a fence-based drilling strategy to delineate the highest-grade mineralization across 200-meter spaced drill fences [8][5] Silver Potential - Recent increases in silver prices have renewed interest in the potential for the Leviathan project to be viewed as a larger-scale open-pit target, combining deeper porphyry mineralization with widespread low-grade silver in the cover rock [4][8][13] - Historical drilling data indicated extensive silver mineralization within the Hercules Rhyolite unit, which is now considered cover rock above the Leviathan porphyry [13][15] Future Catalysts - Assay results are pending for an additional seven completed drill holes, with ongoing drilling and sample shipments [4][5] - The company plans to evaluate the prospect of initiating a maiden mineral resource estimate by the end of the 2025 campaign after completing six drill fences [8][5] Company Overview - Hercules Metals Corp. is focused on developing the Leviathan porphyry copper system in Idaho, which is considered one of the most significant new discoveries in the region [26][27] - The company is well-positioned for growth, supported by strategic investments and a proven track record in precious metals projects [27][28]

Core Viewpoint - Hercules Metals Corp. is making significant progress in its 2025 drilling campaign at the Leviathan porphyry copper discovery, with a focus on both definition and exploration drilling to enhance shareholder value [2][3][4]. Drilling Progress - The company has completed sixteen drill holes and has one hole in progress at Leviathan, with two additional holes being drilled in the Southern Flats Zone, totaling over 13,000 metres drilled to date [2][4]. - Nine holes are currently awaiting assay results at the lab, indicating ongoing evaluation of the drilling outcomes [4]. Exploration Targets - The "Donut" Anomaly, a new target in the Southern Flats Zone, is being tested, showing a strong conductivity signature that is over three times the width of the Leviathan deposit [3][4]. - The Footwall Zone is demonstrating continuity in mineralization, potentially extending upwards of 1 km, with specific drill holes designed to test this trend [3][5]. Drilling Campaign Expansion - The 2025 drilling campaign has been expanded beyond the initial target of 12,000 metres, with expectations to continue drilling into November 2025, contingent on weather conditions [4]. - The company is employing a fence-based drilling approach to systematically expand the deposit and validate its geological model [3][4]. Technical Performance - The drilling contractors, including Dorado Drilling USA, have performed well, completing deep holes on schedule and achieving cost savings, with plans to enhance productivity with additional rigs [12].

Hercules Metals Intersects 81 m of 1.5% Copper Within 346 m of 0.66% Copper in First 2025 Drill Hole Completed at the Leviathan Porphyry System in IdahoStrong hypogene enrichment intersected in first 220 m step-out; subsequent drilling designed to extend continuity southward, toward a significantly stronger MT anomalySeptember 17, 2025 7:15 AM EDT | Source: Hercules Metals Corp.Strong Start to 2025 Drill Campaign - HER-25-02, the first 2025 hole completed to target - a 220 m step-out northeast ...

Core Viewpoint - Hercules Metals Corp. has successfully closed a strategic option agreement with Barrick Gold Exploration Inc. to consolidate claims around its Leviathan copper discovery in Idaho, potentially increasing its land position significantly in a new porphyry copper belt [1][2]. Group 1: Agreement Details - The agreement allows Hercules to earn a 100% interest in over 74,000 acres of unpatented mining claims, known as the Olympus Claims, surrounding its Hercules property [2]. - The first payment under the agreement involved the issuance of 2,681,427 common shares to Barrick at a price of $0.74587136, based on the 5-day volume weighted average price prior to issuance [3]. - Hercules is required to reimburse Barrick for annual claim maintenance payments estimated at US$740,000 per year [4]. Group 2: Regulatory Considerations - The transaction is subject to review by the Committee on Foreign Investment in the United States, but the likelihood of a review is considered very low due to the transaction's value being below the applicable threshold [5]. Group 3: Company Overview - Hercules Metals Corp. is focused on developing a new porphyry copper district in Idaho, with the Leviathan porphyry copper system being a significant discovery in the region [6][7]. - The company aims to leverage its proven track record in discovering and developing precious metals projects globally to support its growth strategy [8].

Core Viewpoint - Hercules Metals Corp. has successfully closed a brokered private placement, raising C$17,251,150 through the sale of 24,644,500 common shares at C$0.70 per share, with the offering fully subscribed and the Agents' option exercised in full [1] Group 1: Offering Details - The private placement was conducted under the Listed Issuer Financing Exemption, allowing sales in Canada (excluding Quebec) and the U.S. without a statutory hold period [2] - The Agents received a cash commission of 6.0% on gross proceeds, with a reduced commission of 3.0% for certain purchasers on a "president's list" [3] Group 2: Related Party Transaction - A director of the Company participated in the Offering, purchasing 71,400 shares for C$49,980, which is classified as a related party transaction but is exempt from formal valuation and minority shareholder approval requirements [4] Group 3: Use of Proceeds - The net proceeds from the Offering will be utilized for exploration and development of the Hercules property in Idaho and for general working capital purposes [5] Group 4: Company Overview - Hercules Metals Corp. is focused on developing a new porphyry copper district in Idaho, with its 100% owned Hercules Property hosting the newly discovered Leviathan porphyry copper system [8][9] - The Company aims for growth through continued drilling and has received strategic investment support from Barrick Mining Corporation [9][10]

Core Viewpoint - Hercules Metals Corp. has announced a private placement offering of up to 21,430,000 common shares at a price of C$0.70 per share, aiming to raise gross proceeds of up to C$15,001,000 for exploration and development of its Hercules property in Idaho [1][3]. Group 1: Offering Details - The offering will be conducted by Canaccord Genuity Corp. and BMO Capital Markets as co-lead agents, with an option to sell an additional 3,214,500 shares for up to C$2,250,150 in gross proceeds [1]. - The shares will be offered under the Listed Issuer Financing Exemption, allowing for sales in Canada (excluding Quebec) and the United States without the need for a prospectus [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for exploration and development of the Hercules property and for general working capital purposes [3]. Group 3: Company Overview - Hercules Metals Corp. is focused on developing a new porphyry copper district in Idaho, with its 100% owned Hercules property hosting the newly discovered Leviathan porphyry copper system [7]. - The company is positioned for growth through continued drilling and has received strategic investment support from Barrick Mining Corporation [7][8].

Core Viewpoint - Hercules Metals Corp. has entered into a strategic option agreement with Barrick Gold Exploration Inc. to consolidate a 73-kilometre claim belt around its Leviathan copper discovery in Idaho, significantly expanding its land position and exploration potential in the region [2][3][5]. Company Overview - Hercules Metals Corp. is focused on developing America's newest porphyry copper district, particularly the Leviathan porphyry copper system located in Idaho [19][20]. - The company aims to leverage its strategic partnership with Barrick to enhance its exploration capabilities and shareholder value [3][5]. Transaction Details - The agreement allows Hercules to earn a 100% interest in over 74,000 acres of unpatented mining claims, increasing its total land position from 26,000 acres to over 100,000 acres [4][5]. - Hercules will make staged payments totaling C$8 million over three years, either in cash or through the issuance of common shares [6][10]. - Upon exercising the option, Barrick will receive a 1% net smelter return royalty, which can be reduced to 0.25% through a one-time payment of US$7.5 million [14]. Strategic Implications - The consolidation of the Olympus copper belt represents a significant opportunity for Hercules, positioning it as a controlling claim holder in a highly prospective area for copper exploration [4][5]. - The Leviathan system is noted for its exceptional copper-silver enrichment, making it one of the most compelling new copper projects in the United States [3][4]. Market Context - The agreement comes at a time of favorable conditions for mining in the U.S., including streamlined federal permitting processes and potential tariffs on foreign copper, which could enhance the company's value proposition [3].

Core Viewpoint - Hercules Metals Corp. is making significant progress in its 2025 drilling campaign at the Hercules Property in Idaho, particularly at the Leviathan porphyry copper discovery, with ongoing validation of a new geological model and potential for substantial system expansion [2][5]. Group 1: Drilling Campaign Progress - The company has completed seven drill holes and has five more in progress, totaling over 5,500 meters drilled this season [2]. - The drilling campaign aims to validate a new 3D geological model, which has led to an increase in drilling rigs from three to five [2][5]. - The first completed drill hole of the season, HER-25-02, has shown potential for both main stage porphyry mineralization and hypogene enrichment extending northeast into the Grade Creek Zone [4][8]. Group 2: Geological Insights - The campaign is focused on defining grade and width along an initial 1.3-kilometer strike length, with systematic drill fences testing both main stage mineralization and higher-grade enrichment zones [4]. - Surface mapping and preliminary geophysics suggest that the Leviathan's potential strike length could extend upwards of 3.5 kilometers [4]. - Soil and rock chip sampling above the northeastern extension of the chargeability anomaly indicates elevated copper and molybdenum values, supporting the potential for a large northeast extension [4]. Group 3: Future Expectations - Core samples from several completed holes have been sent for assaying, with results expected in the next 6-8 weeks [5]. - The company is optimistic about the potential for significant expansion of the mineralization system in both directions while better defining the known strike [5]. - The new MT conductivity anomaly indicates potential for a major southern extension of the Leviathan Porphyry system, with drill hole HER-25-06 targeting the center of this anomaly [8][20].