【SMM Flash News】Althea Copper Completes Acquisition of 100% Interest in Mink Narrows Copper-Zinc Property in Manitoba

[Tianjin Zinc: Downstream Consumes Inventory After Holiday, Market Transactions Average] In the Tianjin market, mainstream transactions of #0 zinc ingot were at 26,090-26,460 yuan/mt, Zijin transactions were at 26,270-26,600 yuan/mt, #1 zinc ingot transactions were near 26,020-26,340 yuan/mt, Zijin was quoted at a premium of 130-150 yuan/mt against the 2611 contract, Huxin was quoted at 27,810 yuan/mt, #0 zinc ingot was quoted at a premium of 10 yuan/mt to a discount of 50 yuan/mt against the 2611 contract, and the Tianjin market was quoted at a discount of 25 yuan/mt against the Shanghai market.

Alex Metals provided an update on its inaugural 2026 exploration program in Alaska. At the Mad Dog prospect within the Wodski Project, the company completed 13 drill holes totaling 3,138 metres, representing the first follow-up drilling since the prospect's initial discovery in 2004. Historical drilling intersected semi-massive to massive sulphide mineralisation in five of seven holes, with reported intervals ranging from 1.7 to 17.7 metres and grades of 8%–22% zinc, 0.5%–5% lead and 112–565 g/t silver. These are historical results; assays from the 2026 drilling remain pending. Alex Metals also completed 16 holes totaling 3,058 metres at its KSO Project, bringing combined drilling across the two projects to 29 holes and 6,196 metres. Additional work at Wodski included UAV magnetic surveys, geological mapping and prospecting, while geological and geophysical surveys were undertaken at the nearby Frenchie Project to assess future drill targets. The company said all 2026 drill assays remain outstanding and will be released following compilation and quality-control review.

T2 Metals disclosed historical metallurgical test results from its Sherridon copper-zinc-gold-silver project in Manitoba, Canada. Locked-cycle flotation testing conducted by G&T Metallurgical Services in 2011 on a blended Lost Lake composite grading 1.70% copper and 5.08% zinc achieved 90.1% zinc recovery to a concentrate grading 55.7% zinc. Copper recovery reached 97.4% to a concentrate grading 28.3% copper. The test used a flowsheet and reagent scheme designed to replicate Hudbay Minerals' Flin Flon concentrator. T2 Metals said the historical results will support its evaluation of future processing options, including potential toll milling. The company has collected half-core samples from the Bob, Cold Lake, Lost Lake and Jungle deposits for mineralogical and mineral-texture characterization to guide further metallurgical testing. T2 cautioned that the historical results were derived from a single composite and one locked-cycle test, have not been fully verified to current NI 43-101 standards, and may not represent the Sherridon deposits as a whole.