Anteros Identifies High-Grade Copper-Gold Targets at the Strickland VMS Property, Newfoundland

Anteros Identifies High-Grade Copper-Gold Targets at the Strickland VMS Property, Newfoundland

Anteros Metals Inc. (CSE: ANT) ("Anteros" or the "Company") is pleased to report results from recent assessment work at its 100% owned Strickland VMS Property ("Strickland" or the "Property") in southwestern Newfoundland. The work focused on the digitization and interpretation of multi-element geochemical data from historic trenching, advancing drill targeting efforts on this underexplored polymetallic volcanogenic massive sulphide ("VMS") system.

Prior to its public listing, Anteros commissioned the compilation, digitization, and 3D geological modelling of the Strickland VMS system in 2023 and 2024. This foundational work established a strong understanding of Property's geology, alteration, and structure, and enhanced the understanding of multiple mineralized zones along a 1.4 kilometre trend (Figure 1). Since going public, Anteros has advanced the project through targeted follow-up, focusing on geochemical vectoring and priority zone refinement. The 2025 program confirmed compelling indicators of feeder-style alteration and mineralization in underexplored zones and highlighted several new high-priority exploration targets.

Mineralization Highlights:

  • Feeder-style alteration and mineralization confirmed: Compilation of 95 multi-element assays from 2012 trenching, integrated with historical drill data in 3D models, is helping to vector toward the potential VMS core and optimize future drill targeting.
  • Copper Zone: Now a high-priority target, with historical trench sampling returning up to 3.7% Cu and 3.25 g/t Au over 1 metre (Cu-C1, Table 1), alongside elevated cobalt and intense alteration - features consistent with VMS feeder conduits.
  • Gold Zone: Historical trenching returned 1-metre intervals up to 3.2% Cu and 1.32 g/t Au (Au-C1, Table 1), with alteration and elemental ratios indicating proximity to a hydrothermal center. This zone has never been drill-tested.
  • Main Zone and Main Extension: Historical trench samples demonstrate elevated Pb-Zn-Ag over extended strike lengths, consistent with stratiform VMS-style mineralization.

Table 1: Select 2012 Historical Trench Intercepts1 from Key Mineralized Zones

TRENCH IDZONEFR. (m)TO (m)INT. (m)Cu %Pb %Zn %Ag g/tAu g/t
Au-C1Gold1.206.405.200.840.350.1075.60.77
includingGold5.406.401.003.200.500.35131.01.32
Cu-C0Copper0.0019.0019.000.620.110.417.30.14
includingCopper0.005.005.001.650.090.0813.30.32
includingCopper4.005.001.004.200.160.2033.40.79
includingCopper7.0012.005.000.300.331.429.90.11
Cu-C1Copper1.006.005.001.910.050.0326.61.83
includingCopper2.003.001.003.700.050.0143.23.25
Cu-C2Copper4.0010.006.000.380.270.2813.40.74
Cu-C3Copper0.004.004.000.690.400.2542.90.26
M-C1Main0.004.004.000.032.053.96262.60.30
M-C2Main2.205.203.000.031.190.24123.50.16
M-C3Main0.002.202.200.041.930.13452.90.31
MX-C1Main Extension0.003.753.750.102.103.86152.20.06
MX-C2Main Extension0.001.401.400.115.148.95311.60.40

1Trench intercepts are historic and may not be representative of true width

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Figure 1: Property Location, Geology, and Mineralized Zones

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"The presence of multiple, mineralized zones along an over 1 kilometre trend indicates a significant VMS system," said Trumbull Fisher, Anteros CEO. "Specifically, the underexplored feeder-style alteration and high-grade gold-copper intervals of the Copper and Gold Zones have emerged as immediate exploration priorities."

Next Steps

Building on the promising results to date, Anteros is planning a focused exploration program that includes:

  • Field verification of historical trench and drill collar locations to validate spatial accuracy
  • Integration of additional multi-element geochemistry into 3D models to refine and prioritize drill targets
  • Hyperspectral and induced polarization ("IP") surveying to image alteration halos and sulphide concentrations at depth
  • Diamond drilling of the Copper and Gold Zones, which remain largely untested despite returning high-grade trench results

About The Property

Strickland is held 100% by Anteros and is located approximately 85 kilometres south of Stephenville, within the Exploits Subzone of the prolific Dunnage Zone in central Newfoundland - an area renowned for hosting world-class VMS deposits. The Property hosts seven documented zones of copper ("Cu"), lead ("Pb"), zinc ("Zn"), silver ("Ag"), gold ("Au") mineralization along a 1.4 kilometre trend.

Mineralization at Strickland is interpreted to represent a bimodal-felsic (Kuroko-type) VMS system. Documented sulphide mineralization includes sphalerite, chalcopyrite, galena, and pyrite in high-grade polymetallic horizons-positioning the Property within the scope of Canada's Critical Minerals Strategy.

In 1981, D.R. Prince of Falconbridge Nickel Mines Ltd. reported the following historical mineral inventories:

  • 260,000 tonnes at 195 g/t Ag and 5.25% combined Pb and Zn at the Main Zone,
  • 15,000 tonnes at 480 g/t Ag and 2% combined Pb+Zn at the Silver Hill Zone, and
  • 750,000 tonnes at 2% combined Pb+Zn at the Main Extension Zone

(Source: Falconbridge Nickel Mines Ltd., Internal Report, Geofile #011O/16/0139)

These estimates are considered historical in nature and were not prepared using current Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition Standards. A Qualified Person has not completed sufficient work to classify the historical estimates as current mineral resources, and Anteros is not treating them as current mineral resources. The Company considers these estimates relevant to the extent that they indicate the presence of significant mineralization and support continued exploration.

The reliability of the estimates is uncertain due to the age of the data, incomplete documentation of estimation methods, and the lack of modern QA/QC protocols. The original report does not provide specific cut-off grades, metal price assumptions, or a description of the estimation methodology. To verify or upgrade these estimates to current standards, Anteros would need to complete field validation of historic trench and drill collar locations, resample archived or in situ material using modern analytical methods, apply current QA/QC protocols, and complete a compliant geological model that supports estimation in accordance with CIM Definition Standards.

Since acquiring the Property in March 2022, Anteros has completed comprehensive digital compilation and geological modelling of historical data including airborne and ground geophysics, geological mapping, geochemistry, and over 7,000 metres of historical drilling and trenching.

More at www.anterosmetals.com/strickland.

Qualified Person

The technical content of this news release has been reviewed and approved by Jesse R. Halle, P.Geo., an independent Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").

About Anteros Metals Inc.

Anteros is a multimineral junior mining company applying data science and geological expertise to identify and advance critical mineral opportunities in Newfoundland and Labrador. The Company is currently focused on advancing four key projects across diverse commodities and development horizons. Immediate plans for their flagship Knob Lake Property include bringing the historical Fe-Mn Mineral Resource Estimate into current status as well as commencing baseline environmental and feasibility studies.

For further information please contact or visit:

Email: info@anterosmetals.com | Phone: +1-709-769-1151
Web: www.anterosmetals.com | Social: @anterosmetals

On behalf of the Board of Directors,

Chris Morrison
Director

Email: chris@anterosmetals.com | Phone: +1-709-725-6520
Web: www.anterosmetals.com/contact

16 Forest Road, Suite 200
St. John's, NL, Canada
A1X 2B9

Cautionary Statement Regarding Forward-Looking Information

This news release may contain "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities legislation. All information contained herein that is not historical in nature may constitute forward-looking information. Forward-looking statements herein include but are not limited to statements relating to the prospects for development of the Company's mineral properties, and are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward looking statements. Except as required by law, the Company disclaims any obligation to update or revise any forward-looking statements. Readers are cautioned not to put undue reliance on these forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252765

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Anteros Metals Inc. (CSE: ANT) ("Anteros" or the "Company") is pleased to announce the identification of a near-surface, high-grade, critical-metal-bearing zone at its 100% owned, road-accessible Havens Steady VMS Property ("Havens Steady" or the "Property") in central Newfoundland. AI-assisted 3D modelling of historical drill data has highlighted stacked lenses of zinc-lead-silver-copper mineralization near surface. This newly interpreted target area, termed the NHC Zone, remains largely untested by historical drilling and will be a key focus of upcoming exploration activities. Field validation and further targeting work are planned to support an inaugural mineral resource estimate for the Property.

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 FPX Nickel Corp. (TSX-V: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to provide an update on the activities of its affiliate company, CO2 Lock Corp. (" CO2 Lock ").

FPX Nickel logo (CNW Group/FPX Nickel Corp.)

Background

In 2022, FPX announced the formation of CO2 Lock as a self-funding subsidiary to pursue geoscience-related carbon capture and storage (" CCS ") opportunities via permanent mineralization of carbon dioxide. FPX retains 100% of the carbon credits associated with CCS on FPX's own properties, and can use any intellectual property developed by CO2 Lock for the benefit of FPX's own properties.

Since its inception, CO2 Lock has completed multiple field programs at its flagship SAM site in central British Columbia , including a successful CCS field program in 2023, which included drilling an exploration well. This achievement marked a significant milestone in the development of CO2 Lock's innovative in-situ CO 2 mineralization technology.

Commercial Updates

In recent months, CO2 Lock has achieved several commercial milestones, including the signing of preliminary agreements with key counterparties in the CCS value chain as follows:

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  • Memorandum of Understanding with Ionada Carbon Solutions LLC (" Ionada ") to pursue a variety of commercial arrangements relating to the capture and storage of carbon dioxide and the related sale of carbon credits into the commercial market. The collaboration will integrate Ionada's proprietary carbon capture technology with CO2 Lock's permanent mineralization storage solutions, creating end-to-end carbon capture storage systems that are cost-effective and scalable.

  • Letter of Intent with a leading carbon marketplace platform (the " Platform "), under which the Platform will purchase up to 33% of the carbon credits generated annually from CO2 Lock's flagship SAM carbon sequestration site, representing the potential for over 300,000 verified carbon credits (tonnes) per year.

Following the successful field program in 2023, CO2 Lock has submitted an application for a carbon capture and storage exploratory reservoir license with British Columbia's Ministry of Energy and Climate Solutions. Receipt of this license would provide CO2 Lock with the regulatory approval to advance the project towards commercial operations at the SAM project.

CO2 Lock Financing and Restructuring

CO2 Lock recently completed the final $600,000 tranche of its latest funding round, which raised a cumulative total of $1.7 million through a Simple Agreement for Future Equity (" SAFE ") from third-party investors. Since its inception, CO2 Lock has raised a total of approximately $3.4 million from third-party investors.

In connection with the closing of the SAFE round, FPX and CO2 Lock have agreed to a restructuring of CO2 Lock's capital structure such that FPX's undiluted ownership interest in CO2 Lock has been reduced from approximately 88% (prior to the SAFE round) to 30% (on conclusion of the SAFE round). This restructuring better positions CO2 Lock to seek additional funding from third party investors going forward, while ensuring that FPX retains a meaningful ownership interest in CO2 Lock and enduring rights to utilize CO2 Lock's intellectual property for the benefit of FPX's own properties.

About FPX Nickel Corp.

FPX Nickel Corp.  is focused on the exploration and development of the Baptiste Nickel Project, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite.  For more information, please view the Company's website at https://fpxnickel.com/ or contact Martin Turenne , President and CEO, at (604) 681-8600 or ceo@fpxnickel.com .

On behalf of FPX Nickel Corp.

"Martin Turenne"
Martin Turenne , President, CEO and Director

Forward-Looking Statements

Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE FPX Nickel Corp.

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Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the Precious Metals & Critical Minerals Hybrid Virtual Investor Conference. Individual investors, institutional investors, advisors, and analysts are invited to attend.

This in-person and virtual event will showcase live company presentations and interactive discussions featuring Precious Metals and Critical Minerals including Gold, Silver, Antimony, Copper, Lithium, Nickel, PGM, Rare Earth Elements, Uranium and Vanadium.   Company executives and industry experts will present live from the OTC Markets Group headquarters at 300 Vesey Street in New York City. All presentations will be broadcast to the Virtual Investor Conferences community. For those who are interested in attending, there are two ways to register:

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