{"success":true,"data":{"pressRelease":{"id":"170670","rtpr_id":"nGNX7RZmwn-20261015","ticker":"LXM","exchange":"","all_tickers":["LXM"],"title":"Lux Metals Corp. Provides Corporate Update on Planned Exploration Program at La Grande Gold Project","author":"Globe Newswire","published_at":"2026-10-15T14:27:27.101Z","article_body":"NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION\nIN THE UNITED STATES\n\nVANCOUVER, British Columbia, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Lux Metals\nCorp. (TSXV: LXM) (\"Lux\" or the \"Company\") is pleased to provide an update on\nexploration activities at its flagship La Grande Gold Project (the \"Project\")\nin the Eeyou Istchee James Bay region of Québec and planned next steps. The\nCompany is drilling at Zone 32, as the first step in a work program that is\nintended to lead to a first mineral resource estimate for the Project.\n\nBuilding on historical work completed on the La Grande Project, the Company\ncommenced drilling at Zone 32 on August 25, 2026. On October 14, 2026, the\nCompany reported assay results from the first hole of the program, LG26-241,\nwhich intersected 17.57 g/t Au over 19.50 metres (see news release dated\nOctober 14, 2026). The current program is designed to confirm historical\nresults, increase drill density, and test extensions of Zone 32 and nearby\nstructures. The Company expects to complete the current program by the end of\nOctober 2026 and will report assay results once they have been received and\nvalidated. A geophysical survey is also planned to refine targets elsewhere on\nthe Project. While near-term efforts remain focused on Zone 32 and the\nsurrounding area, the Company believes other areas of the Project warrant\nfurther evaluation. The historical drilling results referred to in this news\nrelease have not been verified by a qualified person on behalf of the Company\nand should not be relied upon until they have been confirmed.\n\n\"We are pleased to be back in the ground at Zone 32,\" said Kim-Quyên Nguyên,\nPresident and Chief Executive Officer of Lux. \"Our immediate priority is to\nconfirm and build on the historical drilling at Zone 32, while the planned\ngeophysical survey and database validation help us refine targets along the\nbroader corridor. Each step in our program is designed to advance the Project\ntoward our objective of a first mineral resource estimate.\"\n\nFollowing the current drill program, the Company's planned work programs\nthrough the end of 2027 are envisaged to include (but are not limited to): (i)\na ground geophysical survey planned for this winter; (ii) validation of the\nhistorical drill database; (iii) re-modelling of Zone 32 together with nearby\nmineralized structures, including an evaluation of lower-grade tonalite-hosted\nmineralization in light of current cut-off grade assumptions, which differ\nsignificantly from those applied when historical drilling was completed; and\n(iv) a follow-up drill program in 2027 to test the targets refined by this\nwork. Together, these steps are intended to support the Company's objective of\ncompleting a first mineral resource estimate for the Project, which it is\ntargeting for the end of 2027. There is no certainty that the work program\nwill result in the delineation of a mineral resource.\n\nTo fund the planned work program described above, the Company is evaluating a\npotential financing of up to approximately $7 million, which may comprise a\ncombination of flow-through and non-flow-through securities and which could be\nundertaken as early as the fourth quarter of 2026. The Company's board of\ndirectors (the \"Board\") has not approved any financing, and no terms,\nstructure or timing have been determined. Any financing would be subject to\napproval by the Board and the TSX Venture Exchange, and there can be no\nassurance that any financing will be completed on the terms described or at\nall.\n\nAbout Lux Metals Corp.\nLux Metals Corp. (TSXV: LXM) is a Canadian mineral exploration company focused\non advancing its flagship La Grande Gold Project in Québec's James Bay\nregion. The Project hosts the high-grade Zone 32 gold system, which has been\nthe subject of extensive historical drilling, and benefits from year-round\ninfrastructure access, and district-scale exploration potential. For more\ninformation, visit www.lux-metals.com.\n\nQualified Person\n\nThe scientific and technical information relating to drill hole LG26-241 in\nthis news release is derived from the news release of the Company dated\nOctober 14, 2026 and entitled \"Lux Metals Intersects 17.57 g/t Au over 19.50 m\nin First Hole at Zone 32, La Grande Gold Project, James Bay, Québec\", and has\nbeen reviewed and approved by Jonathan Marleau, P.Geo., Senior Geologist at\nDahrouge Geological Consulting Ltd., who is a \"qualified person\" (within the\nmeaning of National Instrument 43-101 – Standards of Disclosure for Mineral\nProjects) and independent of the Company for purposes of Section 1.5 of\nNational Instrument 43-101 – Standards of Disclosure for Mineral Projects.\n\nOn Behalf of the Board of Lux Metals Corp.\nJean-Félix Lepage\nChair of the Board of Directors\nFor more information, please contact 579-314-0129 or info@lux-metals.com.\n\nThis news release does not constitute an offer to sell or a solicitation of an\noffer to buy any securities in the United States. The securities referred to\nherein have not been, and will not be, registered under the United States\nSecurities Act of 1933, as amended (the \"U.S. Securities Act\"), or any state\nsecurities laws, and may not be offered or sold within the United States or\nto, or for the account or benefit of, U.S. persons (as defined in Regulation S\nunder the U.S. Securities Act) unless registered under the U.S. Securities Act\nand applicable state securities laws or an exemption from such registration\nrequirements is available.\n\nCautionary Note regarding Forward-Looking Statements\nThis news release includes certain statements and information that may\nconstitute forward-looking information within the meaning of applicable\nCanadian securities laws. Forward-looking statements relate to future events\nor future performance and reflect the expectations or beliefs of management of\nthe Company regarding future events. Generally, forward-looking statements and\ninformation can be identified by the use of forward-looking terminology such\nas \"intends\", \"expects\", \"anticipates\", \"plans\" or \"targeting\", or variations\nof such words and phrases or statements that certain actions, events or\nresults \"may\", \"could\", \"should\", \"would\", \"will\", \"potentially\" or \"likely\"\noccur. Forward-looking statements in this news release include, but are not\nlimited to, statements regarding the timing and completion of the current\ndrill program; the planned geophysical survey; the validation of the\nhistorical database and re-modelling of Zone 32; future drilling; the\npotential for additional mineralization on the Project; the timing of a first\nmineral resource estimate; and the potential financing, including its size,\nstructure, timing, approval and completion. This information and these\nstatements, referred to herein as \"forward-looking statements\", are not\nhistorical facts and are made as of the date of this news release. These\nforward-looking statements involve numerous risks and uncertainties, including\nrisks related to exploration results, the reliability of historical data, the\navailability of financing on acceptable terms or at all, market conditions,\nthe receipt of Board and regulatory approvals, and permitting and access, and\nactual results might differ materially from results suggested in any\nforward-looking statements. In making the forward-looking statements in this\nnews release, the Company has applied several material assumptions, including\nthat exploration activities will proceed as planned and on budget; that\ncontractors, equipment and personnel will be available; that historical data\nwill prove reliable; that required permits and access will be obtained in a\ntimely manner; that market conditions will permit the Company to raise\nfinancing; and that required Board and TSX Venture Exchange approvals will be\nobtained. There can be no assurance that any forward-looking information will\nprove to be accurate, as actual results and future events could differ\nmaterially from those anticipated in such statements. Accordingly, the reader\nshould not place any undue reliance on forward-looking information or\nstatements. The Company undertakes no obligation to update forward-looking\ninformation or statements, other than as required by applicable law.\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release. No stock\nexchange, securities commission or other regulatory authority has approved or\ndisapproved the information contained herein.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/e1ce50f4-a2ac-4d5f-8992-030937bb9845)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX7RZmwn-20261015","title":"Lux Metals Corp. Provides Corporate Update on Planned Exploration Program at La Grande Gold Project","author":"Globe Newswire","ticker":"LXM","created":"2026-10-15T14:27:27.101Z","tickers":["LXM"],"exchange":"","article_body":"NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION\nIN THE UNITED STATES\n\nVANCOUVER, British Columbia, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Lux Metals\nCorp. (TSXV: LXM) (\"Lux\" or the \"Company\") is pleased to provide an update on\nexploration activities at its flagship La Grande Gold Project (the \"Project\")\nin the Eeyou Istchee James Bay region of Québec and planned next steps. The\nCompany is drilling at Zone 32, as the first step in a work program that is\nintended to lead to a first mineral resource estimate for the Project.\n\nBuilding on historical work completed on the La Grande Project, the Company\ncommenced drilling at Zone 32 on August 25, 2026. On October 14, 2026, the\nCompany reported assay results from the first hole of the program, LG26-241,\nwhich intersected 17.57 g/t Au over 19.50 metres (see news release dated\nOctober 14, 2026). The current program is designed to confirm historical\nresults, increase drill density, and test extensions of Zone 32 and nearby\nstructures. The Company expects to complete the current program by the end of\nOctober 2026 and will report assay results once they have been received and\nvalidated. A geophysical survey is also planned to refine targets elsewhere on\nthe Project. While near-term efforts remain focused on Zone 32 and the\nsurrounding area, the Company believes other areas of the Project warrant\nfurther evaluation. The historical drilling results referred to in this news\nrelease have not been verified by a qualified person on behalf of the Company\nand should not be relied upon until they have been confirmed.\n\n\"We are pleased to be back in the ground at Zone 32,\" said Kim-Quyên Nguyên,\nPresident and Chief Executive Officer of Lux. \"Our immediate priority is to\nconfirm and build on the historical drilling at Zone 32, while the planned\ngeophysical survey and database validation help us refine targets along the\nbroader corridor. Each step in our program is designed to advance the Project\ntoward our objective of a first mineral resource estimate.\"\n\nFollowing the current drill program, the Company's planned work programs\nthrough the end of 2027 are envisaged to include (but are not limited to): (i)\na ground geophysical survey planned for this winter; (ii) validation of the\nhistorical drill database; (iii) re-modelling of Zone 32 together with nearby\nmineralized structures, including an evaluation of lower-grade tonalite-hosted\nmineralization in light of current cut-off grade assumptions, which differ\nsignificantly from those applied when historical drilling was completed; and\n(iv) a follow-up drill program in 2027 to test the targets refined by this\nwork. Together, these steps are intended to support the Company's objective of\ncompleting a first mineral resource estimate for the Project, which it is\ntargeting for the end of 2027. There is no certainty that the work program\nwill result in the delineation of a mineral resource.\n\nTo fund the planned work program described above, the Company is evaluating a\npotential financing of up to approximately $7 million, which may comprise a\ncombination of flow-through and non-flow-through securities and which could be\nundertaken as early as the fourth quarter of 2026. The Company's board of\ndirectors (the \"Board\") has not approved any financing, and no terms,\nstructure or timing have been determined. Any financing would be subject to\napproval by the Board and the TSX Venture Exchange, and there can be no\nassurance that any financing will be completed on the terms described or at\nall.\n\nAbout Lux Metals Corp.\nLux Metals Corp. (TSXV: LXM) is a Canadian mineral exploration company focused\non advancing its flagship La Grande Gold Project in Québec's James Bay\nregion. The Project hosts the high-grade Zone 32 gold system, which has been\nthe subject of extensive historical drilling, and benefits from year-round\ninfrastructure access, and district-scale exploration potential. For more\ninformation, visit www.lux-metals.com.\n\nQualified Person\n\nThe scientific and technical information relating to drill hole LG26-241 in\nthis news release is derived from the news release of the Company dated\nOctober 14, 2026 and entitled \"Lux Metals Intersects 17.57 g/t Au over 19.50 m\nin First Hole at Zone 32, La Grande Gold Project, James Bay, Québec\", and has\nbeen reviewed and approved by Jonathan Marleau, P.Geo., Senior Geologist at\nDahrouge Geological Consulting Ltd., who is a \"qualified person\" (within the\nmeaning of National Instrument 43-101 – Standards of Disclosure for Mineral\nProjects) and independent of the Company for purposes of Section 1.5 of\nNational Instrument 43-101 – Standards of Disclosure for Mineral Projects.\n\nOn Behalf of the Board of Lux Metals Corp.\nJean-Félix Lepage\nChair of the Board of Directors\nFor more information, please contact 579-314-0129 or info@lux-metals.com.\n\nThis news release does not constitute an offer to sell or a solicitation of an\noffer to buy any securities in the United States. The securities referred to\nherein have not been, and will not be, registered under the United States\nSecurities Act of 1933, as amended (the \"U.S. Securities Act\"), or any state\nsecurities laws, and may not be offered or sold within the United States or\nto, or for the account or benefit of, U.S. persons (as defined in Regulation S\nunder the U.S. Securities Act) unless registered under the U.S. Securities Act\nand applicable state securities laws or an exemption from such registration\nrequirements is available.\n\nCautionary Note regarding Forward-Looking Statements\nThis news release includes certain statements and information that may\nconstitute forward-looking information within the meaning of applicable\nCanadian securities laws. Forward-looking statements relate to future events\nor future performance and reflect the expectations or beliefs of management of\nthe Company regarding future events. Generally, forward-looking statements and\ninformation can be identified by the use of forward-looking terminology such\nas \"intends\", \"expects\", \"anticipates\", \"plans\" or \"targeting\", or variations\nof such words and phrases or statements that certain actions, events or\nresults \"may\", \"could\", \"should\", \"would\", \"will\", \"potentially\" or \"likely\"\noccur. Forward-looking statements in this news release include, but are not\nlimited to, statements regarding the timing and completion of the current\ndrill program; the planned geophysical survey; the validation of the\nhistorical database and re-modelling of Zone 32; future drilling; the\npotential for additional mineralization on the Project; the timing of a first\nmineral resource estimate; and the potential financing, including its size,\nstructure, timing, approval and completion. This information and these\nstatements, referred to herein as \"forward-looking statements\", are not\nhistorical facts and are made as of the date of this news release. These\nforward-looking statements involve numerous risks and uncertainties, including\nrisks related to exploration results, the reliability of historical data, the\navailability of financing on acceptable terms or at all, market conditions,\nthe receipt of Board and regulatory approvals, and permitting and access, and\nactual results might differ materially from results suggested in any\nforward-looking statements. In making the forward-looking statements in this\nnews release, the Company has applied several material assumptions, including\nthat exploration activities will proceed as planned and on budget; that\ncontractors, equipment and personnel will be available; that historical data\nwill prove reliable; that required permits and access will be obtained in a\ntimely manner; that market conditions will permit the Company to raise\nfinancing; and that required Board and TSX Venture Exchange approvals will be\nobtained. There can be no assurance that any forward-looking information will\nprove to be accurate, as actual results and future events could differ\nmaterially from those anticipated in such statements. Accordingly, the reader\nshould not place any undue reliance on forward-looking information or\nstatements. The Company undertakes no obligation to update forward-looking\ninformation or statements, other than as required by applicable law.\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release. No stock\nexchange, securities commission or other regulatory authority has approved or\ndisapproved the information contained herein.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/e1ce50f4-a2ac-4d5f-8992-030937bb9845)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-15T14:27:27.13583135Z","server_sent_at_ms":1792074447135},"received_at":"2026-10-15T14:27:27.187Z","source_url":null},"analysis":{"id":"158852","press_release_id":"170670","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["historical drilling results not verified by a qualified person and should not be relied upon until confirmed","potential ~$7M financing not yet board-approved; dilution risk for a TSXV micro-cap","no certainty the work program will delineate a mineral resource"],"eventType":"operations_update","narrative":"Lux Metals is drilling at Zone 32 at its La Grande Gold Project in Québec's James Bay region, aiming to confirm historical results and support a first mineral resource estimate targeted for end-2027.\n\nThe first hole of the program, LG26-241, intersected 17.57 g/t Au over 19.50 metres, as reported October 14, 2026. Historical drilling in the release has not been verified by a qualified person and should not be relied upon until confirmed.\n\nThe company is evaluating a potential financing of up to approximately $7 million, possibly a mix of flow-through and non-flow-through securities, as early as Q4 2026; the board has not yet approved any financing.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Micro-cap explorer advancing toward a first resource estimate at high-grade Zone 32; watch assay flow and potential $7M financing."},"keyFigures":{"customDimensions":{"financing_size":"$7 million","first_hole_grade":"17.57 g/t Au over 19.50 metres","resource_estimate_target":"end of 2027"}},"quotedText":"Each step in our program is designed to advance the Project toward our objective of a first mineral resource estimate.","namedEntities":{"people":[{"name":"Kim-Quyên Nguyên","role":"President and CEO"},{"name":"Jean-Félix Lepage","role":"Chair of the Board"},{"name":"Jonathan Marleau","role":"Qualified Person, Senior Geologist, Dahrouge Geological Consulting"}],"products":["La Grande Gold Project","Zone 32"],"companies":[{"name":"Lux Metals Corp.","ticker":"LXM","relationship":"issuer"},{"name":"Dahrouge Geological Consulting Ltd.","relationship":"consultant"}],"dollarAmounts":[{"amount":"$7 million","context":"potential financing being evaluated to fund exploration work program"}]},"materialImpact":{"score":2,"reasoning":"Routine exploration program update: drilling at Zone 32 following a high-grade assay (17.57 g/t Au over 19.50 m) already reported October 14, with a path to a first mineral resource estimate targeted for end-2027. A potential ~$7M financing is disclosed but unapproved and undetermined, so near-term impact is modest."},"tickerRelevance":{"others":[],"primary":"LXM"},"globalImportance":12,"audienceRelevance":8,"eventTypeSecondary":["offering"],"importanceComponents":{"tickerTier":"micro-cap TSXV","eventGravity":"routine exploration update","financingRisk":"unapproved ~$7M raise pending","issuerAuthored":true}},"event_type":"operations_update","event_type_secondary":["offering"],"sentiment":"bullish","material_impact_score":2,"narrative":"Lux Metals is drilling at Zone 32 at its La Grande Gold Project in Québec's James Bay region, aiming to confirm historical results and support a first mineral resource estimate targeted for end-2027.\n\nThe first hole of the program, LG26-241, intersected 17.57 g/t Au over 19.50 metres, as reported October 14, 2026. Historical drilling in the release has not been verified by a qualified person and should not be relied upon until confirmed.\n\nThe company is evaluating a potential financing of up to approximately $7 million, possibly a mix of flow-through and non-flow-through securities, as early as Q4 2026; the board has not yet approved any financing.","key_figures":{"customDimensions":{"financing_size":"$7 million","first_hole_grade":"17.57 g/t Au over 19.50 metres","resource_estimate_target":"end of 2027"}},"named_entities":{"people":[{"name":"Kim-Quyên Nguyên","role":"President and CEO"},{"name":"Jean-Félix Lepage","role":"Chair of the Board"},{"name":"Jonathan Marleau","role":"Qualified Person, Senior Geologist, Dahrouge Geological Consulting"}],"products":["La Grande Gold Project","Zone 32"],"companies":[{"name":"Lux Metals Corp.","ticker":"LXM","relationship":"issuer"},{"name":"Dahrouge Geological Consulting Ltd.","relationship":"consultant"}],"dollarAmounts":[{"amount":"$7 million","context":"potential financing being evaluated to fund exploration work program"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-15T14:27:32.309Z","global_importance":12,"audience_relevance":8,"importance_components":{"tickerTier":"micro-cap TSXV","eventGravity":"routine exploration update","financingRisk":"unapproved ~$7M raise pending","issuerAuthored":true}},"durationMs":5109,"modelName":"glm-5.3-flashx"}}