Alex Metals(TSXV:na)

About

Alex Metals is a precious metals exploration company focused on discovering high-grade silver and gold-rich volcanogenic massive sulfide (VMS) deposits in Southeast Alaska's Alexander Terrane. Established to consolidate and advance compelling VMS prospects, the company has 100% ownership of three projects: Wodski, Frenchie, and KSO, each selected for their strong geological signatures and historical workings. Alex Metals employs modern exploration techniques to unlock the potential of these underexplored assets, aiming to create transformational value for shareholders.

Verified company data

Cash position

10400000

Shares outstanding

20800000

Fully diluted shares

39,950,000

Mineral resource

The Wodski Project is the flagship silver-rich VMS asset in the Alex Metals portfolio and a compelling analogue to Hecla’s Greens Creek mine. Ten known VMS occurrences are distributed across the 6 km x 10 km island, highlighting the scale and continuity of the mineralized system. Historical work includes a “geologic inventory” at the Lost Lake prospect of 553,800 tons grading 87.5 g/t Ag, 8.1% Zn and 0.6% Pb, as well as multiple high-grade intersections at Mad Dog prospect. A 2004 drill program discovered near-surface, high-grade Ag-Zn-Pb mineralization at the Mad Dog prospect, with the first hole intersecting: • 5.4 m grading 437 g/t Ag 18.5% Zn, and 3.8% Pb, • and 17.7 m grading 223 g/t Ag and 11.3% Zn and 1.0% Pb. Despite these exceptional intercepts, the property has seen no follow-up drilling in more than 20 years and remains grossly underexplored. No gold grades were reported historically, though Alex Metal’s grab samples returned: • 20.6% Zn, 1.7% Pb, 257 g/t Ag, 1.7 g/t Au • 16.3% Zn, 1.7% Pb, 381 g/t Ag, 3.8 g/t Au • 3.2% Zn, 3.0% Pb, 211 g/t Ag, 3.5 g/t Au. Alex Metals’ thesis is to define a +30 Mt, Greens Creek-style Ag-Au-Zn-Pb deposit by systematically expanding known mineralization and testing new targets generated from modern geophysics, geochemistry, and structural mapping.

Projects

["Wodski Silver‑Gold‑Rich VMS Project: Greens Creek‑Style Discovery Opportunity in Southeast Alaska. The Wodski Project is the flagship silver-rich VMS asset in the Alex Metals portfolio and a compelling analogue to Hecla’s Greens Creek mine. Ten known VMS occurrences are distributed across the 6 km x 10 km island, highlighting the scale and continuity of the mineralized system. Historical work includes a “geologic inventory” at the Lost Lake prospect of 553,800 tons grading 87.5 g/t Ag, 8.1% Zn and 0.6% Pb, as well as multiple high-grade intersections at Mad Dog prospect. A 2004 drill program discovered near-surface, high-grade Ag-Zn-Pb mineralization at the Mad Dog prospect, with the first hole intersecting: • 5.4 m grading 437 g/t Ag 18.5% Zn, and 3.8% Pb, • and 17.7 m grading 223 g/t Ag and 11.3% Zn and 1.0% Pb. Despite these exceptional intercepts, the property has seen no follow-up drilling in more than 20 years and remains grossly underexplored. No gold grades were reported historically, though Alex Metal’s grab samples returned: • 20.6% Zn, 1.7% Pb, 257 g/t Ag, 1.7 g/t Au • 16.3% Zn, 1.7% Pb, 381 g/t Ag, 3.8 g/t Au • 3.2% Zn, 3.0% Pb, 211 g/t Ag, 3.5 g/t Au. Alex Metals’ thesis is to define a +30 Mt, Greens Creek-style Ag-Au-Zn-Pb deposit by systematically expanding known mineralization and testing new targets generated from modern geophysics, geochemistry, and structural mapping. Location: Southeast Alaska. Ownership: 100%. Project Stage: Advanced Exploration — historic drilling and multiple defined targets. Metals: Silver, Gold, Zinc, and Lead. Property Size: 13.5 km2 land package. Target: Greens Creek-style, silver-gold-rich volcanogenic massive sulfide (VMS) system.","KSO Copper‑Gold VMS Project: Past‑Producing High‑Grade Mine with Untested Depth Potential. The KSO Project encompasses the historic Khayyam and Stumble-On deposits, representing one of Southeast Alaska’s earliest known copper-gold VMS mining districts. Discovered in 1899, 385 m of workings were developed at the Khayyam Mine between 1901 and 1907 by the Khayyam Copper Company, producing copper, gold, and silver from multiple massive sulfide lenses. It closed in 1907 due to poor copper prices and operational challenges. The nearby Stumble-On Prospect, located 1.3 km east along strike, was discovered in 1901 and includes two underground workings totaling 155 m of development. No historical production figures exist for Stumble-On, but surface and underground sampling confirm high-grade Cu-Au-Ag-Zn mineralization consistent with Khayyam. Ore from both deposits was transported to tidewater at MacKenzie Inlet using a combination of surface and aerial tramways; early evidence of the district’s logistical viability. Subsequent evaluations include wartime investigations by the U.S. Bureau of Mines (1944–45), examination by Anaconda Copper (1946), and multiple assessments by companies such as Banner Mining, Cominco, Homestake, Duval, and Noranda from the 1970s through the 1990s. Banner drilled 14 holes in at Khayyam and 11 at Stumble-On in 1971, although results are unknown and no drill data are available. These remain the only known drillholes on the property. Select historical chip samples include: - 6.9 g/t Au, 30.9 g/t Ag, and 3.0% Cu over 3.4 m at Khayyam and - 2.7 g/t Au, 10.3 g/t Ag, and 12.7% Cu over 2.3 m at Stumble-On. Recent chip sampling by Alex Metals includes 3.7 g/t Au, 54.9 g/t Ag, 8.1% Cu, and 6.5% Zn over 2.2 m, confirming historical grades and robust Cu-Au-Ag-Zn endowment. Despite a century of interest, and multiple airborne and ground geophysical surveys highlighting strong conductive responses, the KSO Project has never been systematically explored using modern geoscience or modern drilling. Alex Metals will be the first company in over 55 years to drill test the system with targeted, data-driven exploration programs. A 2025 airborne SkyTEM electromagnetic (EM) and magnetic survey conducted Alex Metals clearly defines strong conductors over Khayyam and Stumble-On, indicating that massive sulphide may extend vertically and laterally to depth. The survey also identified a large, similarly conductive, previously unknown ‘Western’ EM anomaly underlying siliceous schists, which are known to be stratigraphically equivalent to mineralization at Khayyam. This survey provides new drill-ready targets, confirms known mineralization, and is a highly effective tool for VMS exploration in the Wales Group rocks. Location: Southeast Alaska. Ownership: 100%. Project Stage: Advanced Exploration — past-producing mine. Metals: Gold, copper, silver, and zinc. Property Size: 5.7 km2. Target: High-grade Cu-Au VMS deposits hosted in deformed and metamorphosed Wales Group rocks.","Frenchie Gold‑Rich VMS Project: Walk‑Up Drill Target Along a 4 km Conductive Trend. Frenchie is a high-grade, gold-rich massive sulfide prospect and a true walk-up drill target. Massive sulfide horizons 3–5 m thick are exposed for roughly 180 m along a creek cut and return multi-gram-per-tonne gold with elevated silver, zinc, and lead. These outcrops sit along the edge of an untested, 4 km long shallow geophysical conductor interpreted as a potential continuation of the massive sulfide body at depth and along strike. Alex Metals plans to compile and re-interpret historical data, model existing geophysics and prioritize drill holes designed to test the strongest parts of the conductive anomaly down-dip and on-trend of surface mineralization. Location: Southeast Alaska. Ownership: Option to acquire 100% interest. Project Stage: Advanced Exploration — untested, high-priority drill target. Metals: Gold, zinc, and lead. Property Size: 4.5 km2. Target: Gold-rich, Greens Creek-style VMS deposits."]

Leadership

Lance Miller (Technical Advisor, Vice President of Natural Resources for NANA Regional Corporation with over 30 years in the minerals industry across North America, Asia, Russia, and Africa. He has authored over 25 scientific publications and holds a Ph.D. in economic and structural geology.), David Cole (Independent Director, Over two decades of leadership experience as the long-time CEO and co-founder of EMX Royalty Corp. He has a proven track record in public markets and mining, with degrees in geology from Fort Lewis College and Colorado State University.), Curtis Freeman (Technical Advisor, A highly respected geologist with over 40 years of experience in mineral exploration across Alaska and the Americas. He is a Certified Professional Geologist and has played a pivotal role in significant gold developments.), Rosie Moore (Independent Director, A veteran exploration geologist and investment professional with over 35 years of experience in mineral discovery and corporate management. She has held senior leadership roles and currently sits on the Boards of Torex Gold and Trifecta Gold.)

Verified data last updated: 2026-07-03