Shares Of Junior Miner Perk Higher on Major B26 Resource Upgrade, Trades Near 52-Week High

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Thursday, February 5, 2026

Despite broader market declines and losses in assets like metals and crypto, one junior miner stood out today. The company’s shares rose following the announcement of a significant increase in its mineral resources, pushing the stock back toward its 52-week high reached just a few weeks ago.

This morning, Abitibi Metals (CSE: AMQ) (OTCQB: AMQFF) reported a substantial increase in the mineral resources at its B26 polymetallic deposit, reinforcing the project’s status as a high-grade copper-gold VMS asset in the Abitibi Greenstone Belt. The updated resource estimate shows indicated resources of 13.0 million tonnes at 2.1% copper equivalent (CuEq) and inferred resources of 12.3 million tonnes at 2.2% CuEq, representing significant growth over the 2024 estimate. Contained metals have also risen across the board, with copper up 40%, gold up 22%, silver up 21%, and zinc up 9%, highlighting the deposit’s expanding scale and robust potential for further development.

These results are based on nearly 43,000 metres of drilling completed during the 2024 and 2025 programs, and Abitibi has already launched its fully funded 2026 Phase 4 drill program, targeting approximately 40,000 metres, including a winter campaign of 15,000–20,000 metres. The deposit remains open both laterally and at depth, and the company currently holds a 50% interest in B26, with the option to acquire an additional 30% from SOQUEM. This ongoing exploration positions Abitibi Metals to continue growing the deposit and strengthening its presence as a major emerging critical-minerals company.

Jonathon Deluce, CEO of Abitibi Metals stated: "Since 2023, our goal has been to establish Abitibi Metals as a significant critical minerals company in the Abitibi Greenstone Belt, and B26 sits at the center of that strategy. When we optioned the project, our objective was clear: demonstrate scale without compromising grade. This update materially exceeds that goal. With more than 25 million tonnes now defined across both resource categories-representing a 124% increase since the project was optioned to SOQUEM and the 2018 MRE-B26 has crossed an important milestone.

Shares of AMQ were up 4% at $0.78, while U.S. listed shares (AMQFF) rose 4.09% to $0.57 in early-afternoon trading.

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