Metallic Minerals (TSX-V:MMG) Gains 131% in a Year, Drives Value Through Royalties and Exploration Potential

Highlights

• Metallic Minerals delivered a ~176% share price gain over the past year, entering 2026 with a further 15% jump on January 2.
• La Plata MRE: The current NI 43-101 Inferred Resource outlines 147.3 Mt at 0.41% CuEq, containing 1.21 Blbs of copper and 17.6 Moz of silver.
• La Plata Project: The company is finalizing an updated NI 43-101 MRE and planning a 2026 drill program targeting resource expansion, higher-grade zones, and new priority targets.
• Keno Silver MRE: The project hosts an inaugural NI 43-101 Inferred Resource of 18.2 Moz AgEq at 223 g/t AgEq, with all deposits open at depth and along strike.
• Keno Silver Project: Preparations are underway for a 2026 district-wide drill campaign focused on expanding existing deposits.
• Klondike Royalties: 2025 marked a record year for royalty revenue, with Metallic positioned to support continued production and royalty growth into 2026 through active operating partners.

Metallic Minerals Corp. (TSX-V:MMG) (OTCQB:MMNGF) (FSE:9MM1) started 2026 with a bang with a blistering 15% share price jump on January 2, 2026. Over the past year, the stock has risen by almost 131% to trade around CAD 0.37, as of 8 January 2026, reflecting heightened investor interest amid ongoing volatility in metals and mining equities.

In the latest company update, CEO and Chairman Greg Johnson attributed the buzz to short-term volatility in precious and base metals. He emphasized that longer-term fundamentals for copper and silver remain underpinned by constrained supply growth and persistent global demand, reinforcing the strategic value of large, high-quality assets.

Focused Growth Across Proven Mining Districts

Metallic Minerals is a growth-stage exploration and development company advancing a diversified portfolio of copper, silver, gold, platinum, palladium, lead, zinc, and rare earth assets. The company operates in underexplored yet historically productive districts, applying a disciplined and systematic exploration approach aimed at reducing risk while maximizing long-term value creation.

Its portfolio is anchored by two 100%-owned cornerstone projects—La Plata in Colorado and Keno Silver in Yukon—alongside cash-generating gold and silver production royalties in the Klondike District.

La Plata Project Backed by Newmont Investment

The La Plata Copper-Silver-Gold-PGE Project in Colorado represents a significant value driver. In May 2023, Newmont completed a 9.5% strategic equity investment and has since supported project advancement through financings totalling CAD 7.3 million. A technical committee provides Metallic access to Newmont’s specialist expertise.

An updated NI 43-101 Inferred Mineral Resource Estimate released in July 2023 outlined 147.3 Mt at an average grade of 0.41% CuEq, 0.37% Cu (1.21 Blbs Cu) and 3.72 g/t Ag (17.6 Mozs Ag). Drilling results demonstrated long mineralized intervals ending in mineralization, supporting expansion potential.

Efforts are currently underway to finalize the updated Mineral Resource Estimate. Simultaneously, the company is designing a 2026 drilling campaign, which will target resource expansion and analysing new high-priority prospects identified from previous data.

Keno Silver Delivers High-Grade Resource Base

The 100%-owned Keno Silver Project in Yukon spans 171 square kilometres and sits adjacent to Hecla Mining’s mining operations in the historic Keno Hill Silver District. In February 2024, Metallic announced its inaugural NI 43-101 Inferred MRE of 18.2 Moz AgEq grading 223 g/t AgEq across four deposits. All deposits remain open at depth and along strike. The project has a history of producing over 220 Moz of high-grade silver, backed by current resources and reserves exceeding 130 Moz, with untapped potential for an additional +100 Moz through targeted exploration.

The 2026 drill campaign is gearing up with multiple high-potential targets pinpointed via detailed mapping, geophysics, and past field work. A drilling program is expected to commence in 2026 to follow up prior targets and fuel resource expansion goals.

Klondike Royalties Provide Near-Term Cash Flow

Complementing its exploration assets, the company holds gold and silver production royalties in the Klondike District, where more than 20 Moz of gold have been produced historically. The company earns a 10–15% royalty from experienced operators, with revenue generated in both 2023 and 2024. 2025 marked a record-breaking year for gold and silver production royalties, with the company collaborating closely with operating partners to drive sustained production growth into 2026.