SMM5 28 SMM0# zinc Ningbo brand sticker

[SMM Flash] According to SMM communication, as of this Thursday (September 10), total zinc ingot inventory across seven SMM regions stood at 218,200 mt, down 14,600 mt from September 3 and down 3,900 mt from September 7.

Vizsla Copper announced that it had agreed to acquire 100% of the Delta polymetallic VMS project and the Helm Bay gold project in Alaska from Agnico Eagle. The transaction is expected to close in the fourth quarter of 2026. Delta carries a historical resource estimate of 15.4 million tonnes grading 3.8% zinc, 1.7% lead, 0.6% copper, 62 g/t silver and 1.7 g/t gold; the estimate has not been verified as a current mineral resource. Vizsla will issue Agnico 22.52 million shares, representing approximately 19.99% of its issued shares at signing. Subject to disinterested shareholder approval, a further 2.90 million shares would lift Agnico’s ownership to about 22%. The consideration also includes 3.04 million two-year warrants exercisable at C$1.95 per share, plus 2% and 3% NSRs on Delta and Helm Bay, respectively. Agnico may invest up to C$5 million in Vizsla’s post-closing financing, provided the financing exceeds C$30 million.

Arcus Development Group and Core Silver have launched an approximately 3,000-metre diamond drilling program at the Touleary VMS Project in Yukon, with initial drilling focused on the Discovery Zone and surrounding areas. The program is the first drilling campaign at Touleary since 2011, and crews and equipment were mobilized after permits were secured. Historical drilling included a 2.25-metre interval grading 4.30% zinc, alongside copper, gold and silver, and a 3.17-metre interval grading 1.38% zinc. The 2026 campaign is designed to test extensions of the Discovery Zone beyond the limited historical drill area while retaining flexibility to test undrilled targets such as Target 4 and Target 8, which carry copper-zinc and broader polymetallic anomalies.