Mr.
Tyler Thorburn reports
TOTAL METALS ACCELERATES EXPLORATION AT THE ELECTROLODE CRITICAL MINERALS PROJECT AND PROVIDES UPDATE ON LOAN TO KATTEGAT MINING INC.
Total Metals Corp. has mobilized an additional diamond drill rig at its 100-per-cent-owned Electrolode critical minerals project in the prolific Red Lake mining district of Ontario. Building on the momentum of the company's 5,500-metre winter drill program launched in late January, 2026, the additional second rig will expand the program scope and accelerate testing of high-priority electromagnetic (EM) conductors and historical high-grade zones across the property's six-kilometre mineralized trend.
This expansion allows the company to simultaneously advance exploration at the Arrow zone, targeting continuity with the adjacent Garnet zone, while initiating systematic testing of complex litho-structural targets and potential gold-bearing cross-structures identified through recent 3-D inversion modelling elsewhere on the property.
Update on loan agreement to Kattegat Mining Inc.
The company further advises that, on Feb. 6, 2026, it formally terminated the loan agreement with Kattegat Mining that was announced on January 14, 2026, and has decided not to proceed with financing the loan. The company is currently evaluating other opportunities consistent with its business objectives and will provide shareholders with an update in due course should any material transaction or development arise.
Update on i2i Marketing Group LLC engagement
The company wishes to clarify disclosure and provide updated terms on its engagement with i2i Marketing Group that was announced on Jan. 29, 2026.
Total has entered into a 30-day media services agreement with i2i that commences on Feb. 15, 2026. Pursuant to the terms of the i2i agreement, i2i will provide the company with marketing services, including social media management, content creation, distribution, digital marketing, digital advertising and other marketing services as agreed upon by the company and i2i. The i2i services will be distributed by e-mail and on popular investor platforms. The company will pay i2i total consideration of $250,000 (U.S.) for the i2i services. For clarity, unless extended and approved by the TSX Venture Exchange, the term of the i2i agreement is expected to end on March 17, 2026.
Kailyn White and Joseph Grubb will provide the i2i services to the company on behalf of i2i and may be contacted at contact@i2illc.com. i2i's business address is 1107 Key Plaza, Suite 222, Key West, Fla., 33040. The company will not issue any securities to i2i as compensation. Both i2i and its principals are arm's length to the company and do not have any direct or indirect interest in the company or its securities, nor do they have any right to acquire such an interest.
I2i Marketing Group is a marketing firm that specializes in direct response, experiential and investor awareness campaigns, particularly for publicly traded junior mining companies engaged in exploration and development activities.
Qualified person
Robert Penczak, MSc, PGeo (Ontario), vice-president of exploration for the company and a qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information used in this news release.
About Total Metals Corp.
Total Metals is focused on its 100-per-cent-owned
Electrolode
project covering over 3,300 contiguous hectares in Northwestern Ontario. The
Electrolode
project is targeting high-potential critical mineral plus gold resources and targets in three favourable geologic trends, located near major mines in the Red Lake gold camp, and is strategically located between Kinross Gold's Great Bear project and First Mining Gold's Springpole project. The
Electrolode
project is fully permitted for exploration drilling and hosts 10 historic mineralized zones with significant expansion potential plus new, untested targets ready for further exploration.
Total Metals
also owns 100 per cent of the
High Lake and West Hawk Lake
project covering 958 hectares in two gold properties located along the Trans-Canada Highway straddling the Manitoba/Ontario border. The Purex zone on the
High Lake
property has significant exploration potential and will be the primary target for initial exploration and potential future mining activities. The
West Hawk Lake
property comprises a single mineral lease, located within southeastern Manitoba.
We seek Safe Harbor.
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