Nine Mile Metals Hits 5.22% Cu-Eq over 6.50m at Wedge Mine, Stock Jumps 6.1%

Nine Mile Metals Ltd. (CSE: NINE, OTCID: VMSXF, FSE: KQ9) moved to $0.09 CAD on August 12, 2026 — up 6.1% on volume of 420,000 shares — after the company released certified assay results from drill hole DDH WD-26-09 at the Wedge Mine in the Bathurst Mining Camp, New Brunswick.

The headline number: 5.22% copper-equivalent over 6.50 meters, sitting inside a 16.50m section that averaged 4.03% Cu-Eq, which itself sits inside a broader 24.55m true-width zone averaging 3.49% Cu-Eq. That's the full nested intercept from a single hole, per the company's August 12, 2026 news release on Newsfilecorp.

The by-product picture adds texture. The same hole returned a silver zone of 21.75m at 31.72 g/t Ag (1.02 oz/t Ag), with a peak sample of 58 g/t silver. Gold came in at 0.67 g/t over 20.20m, including 0.87 g/t over 11.00m. Zinc ran 2.02% over 22.50m, with a tighter 5.75m section at 4.82%, a 3.00m section at 8.09%, and a peak sample of 11.40% zinc.

Geologically, the hole was collared in the southwest at the edge of the existing drill pattern — oriented at 340°, angled 50° below horizontal — and drilled to a depth of 200 meters, successfully intersecting what the company describes as a high-grade VMS lens.

The Wedge Mine has history. Cominco operated it between 1962 and 1968, pulling out 1.5 million tonnes of predominantly copper ore before closing. Per Nine Mile Metals' project disclosure, only the upper portion of the deposit was mined at closure, and the company's expectation — based on recent drill testing — is that the lower 60%-plus of the deposit remains untouched and extends at depth. DDH WD-26-09 is positioned to test exactly that ground.

Nine Mile Metals reported 194,256,267 shares outstanding and a market capitalization of $14.57 million as of the latest available data from ADVFN. Over the past year, shares have traded in a range of $0.005 to $0.275, per the same source.

Copper was not working in the company's favor on August 13 — the metal fell to $6.57 USD/lb, down 0.44% from the prior day, per Trading Economics. Silver, a meaningful by-product in this intercept, was hovering near seven-week highs around $66 an ounce on August 13. The S&P/TSX Venture Composite opened at 898.91 and closed at 905.98 on August 13, a muted backdrop for junior resource names.

No named drill peers with comparable Bathurst Camp assay results appeared in available sources for direct comparison. What the brief does offer is the deposit's own prior high-grade history as internal context — this intercept joins a body of work at a mine that was producing before modern resource estimates existed.

Next steps from the company's disclosed drilling geometry: the southwestern collar placement and depth of WD-26-09 suggests the program is stepping out toward the unmined lower portion of the deposit. No further holes or a resource update timeline were stated in the August 12 release.