{"success":true,"data":{"pressRelease":{"id":"176762","rtpr_id":"nNFC66drSx-20261022","ticker":"GRL","exchange":"","all_tickers":["GRL"],"title":"GreenLight Metals Intersects 1.30% Copper and 1.30 g/t Gold over 25.17 Metres in an Eastern Step-Out Hole at the Bend Project","author":"Newsfile Corp","published_at":"2026-10-22T11:00:18.825Z","article_body":"Includes 6.21 metres of 2.34% copper and 1.85 g/t gold; massive sulfide in\nB26-013 farther east\nAssays pending for B26-016 and B26-017; final Phase 2 hole in progress\n\nMedford, Wisconsin--(Newsfile Corp. - October 22, 2026) - GreenLight Metals\nInc. (TSXV: GRL) (OTCQB: GRLMF) (\"GreenLight\" or the \"Company\") is pleased to\nannounce assay results from step-out holes B26-015 and B26-013 at its Bend\ncopper-gold volcanogenic massive sulfide (\"VMS\") Project in Taylor County,\nWisconsin. Both holes intersected massive to semi-massive sulfides along the\ninterpreted copper-zone trend to the east. B26-015, drilled approximately 50\nmetres east of the B26-008/B26-010 section, returned a broad copper-gold\ninterval comparable in width and grade to those holes, and B26-013 intersected\nmassive sulfide on a section approximately 60 metres farther east.\n\nHighlights\n*\nBroad copper-gold interval in eastern step-out: B26-015 intersected 25.17 m\naveraging 1.30% Cu, 1.30 g/t Au and 13.87 g/t Ag (2.69% copper equivalent\n(\"CuEq\")) from 427.90 m, including two higher-grade copper intervals: 6.84 m\nat 1.64% Cu, 1.04 g/t Au and 14.66 g/t Ag (2.74% CuEq) from 427.90 m, and 6.21\nm at 2.34% Cu, 1.85 g/t Au and 29.18 g/t Ag (4.39% CuEq) from 445.66 m.\n*\nMassive sulfide farther east: B26-013, on a section approximately 60 m east of\nB26-015, intersected 5.20 m averaging 0.89% Cu, 0.99 g/t Au and 9.16 g/t Ag\n(1.95% CuEq) from 384.19 m, including 2.74 m of massive sulfide grading 1.51%\nCu, 1.71 g/t Au and 16.02 g/t Ag (3.33% CuEq) from 386.65 m. The intersection\nis interpreted to lie near the up-dip margin of the copper-gold zone.\n*\nA defined direction for follow-up: The broad copper-gold interval in B26-015,\ntogether with a 31.62 m logged interval of semi-massive to massive\nsulfide-dominant mineralization in B26-016 approximately 55 m down-dip (assays\npending), supports the interpretation that copper-gold mineralization\ncontinues along plunge to the east.\n*\nAdvancing the next targets: B26-018, the final hole of the Phase 2 program, is\nin progress and is targeting the geological transition between the\ngold-dominant footwall mineralization in B26-009W and B26-012 and the\ncopper-gold mineralization in B26-008 and B26-011. Phase 2 results will guide\nplanning of the next drill program, subject to required authorizations.\n*\nAssays pending: Assays for B26-016 and B26-017 are pending and will be\nreported once received and validated.\n\n\"B26-015 is among the best results of our Phase 2 program: more than 25 metres\nof copper-gold mineralization, including 6.21 metres grading 2.34% copper and\n1.85 g/t gold,\" said Matt Filgate, President, CEO and Director of GreenLight.\n\"Taken together with the thick interval of massive to semi-massive sulfide we\nlogged about 55 metres down-dip in B26-016, where assays are pending, it\nsupports our view that the system continues down plunge to the east. As we\nfinish Phase 2 with B26-018 and receive the remaining assays, we're building a\nclearer picture of where to focus our next drill program.\"\n\nTable 1: Summary of Significant Intercepts - B26-015 & B26-013\n\n DDH        From  (m)  To  (m)  Interval  (m)  Cu  (%)  Au  (g/t)  Ag  (g/t)  CuEq  (%)  \n B26-015    427.90     453.07   25.17          1.30     1.30       13.87      2.69       \n Including  427.90     434.74   6.84           1.64     1.04       14.66      2.74       \n Including  445.66     451.87   6.21           2.34     1.85       29.18      4.39       \n B26-013    384.19     389.39   5.20           0.89     0.99       9.16       1.95       \n Including  386.65     389.39   2.74           1.51     1.71       16.02      3.33       \n All intervals are drilled lengths, and composite grades are length-weighted. True thickness is estimated at approximately 80% of drilled length for B26-015 and is currently unknown for B26-013 because of limited nearby data. \"Including\" intervals are contained within the broader interval and are not additional mineralized lengths. Tellurium is not reported because several samples exceeded the 500 ppm upper limit of the multi-element method.  CuEq is a calculated grade combining the reported copper, gold and \n silver grades using assumed metal prices and metallurgical recoveries. It is not a proxy for, or evidence of, economic value. Tellurium is excluded. Assumptions are US$4.50/lb copper, US$3,600/oz gold, US$40/oz silver and 90% recovery for each metal, consistent with the Company's April 27, June 2 and July 22, 2026 releases. CuEq values are calculated from unrounded grades.  CuEq (%) = [(Cu (%) / 100 × 0.90 × 2204.6 × 4.50) + (Au (g/t) × 0.90 / 31.1035 × 3600) + (Ag (g/t) × 0.90 / 31.1035 × 40)] / (2204.6 × \n 0.01 × 4.50).  The recovery assumptions are based on a preliminary assessment of analogous VMS deposits and preliminary, historical metallurgical testwork completed by past operators of the Bend Project; actual recoveries and payabilities are unknown and may differ materially. The calculation does not include smelting or refining charges, penalties, deleterious elements or payability adjustments. \n\n \n\nPhase 2 Drilling Results and Geological Context\n\nThe Phase 2 program is testing two related styles of mineralization at Bend:\ncopper-gold mineralization in massive to semi-massive sulfide lenses and\nbroader gold-bearing mineralization in the underlying footwall crystal tuff.\nPhase 2 has extended drill-tested mineralization at depth and improved the\ndefinition of both zones, supporting continued testing of the copper-gold zone\nalong its interpreted 45°-50° eastward plunge and of the gold mineralization\nalong strike and at depth.\n\nRecent Phase 2 drilling includes four holes (B26-013, B26-015, B26-016 and\nB26-017) testing the extension of the copper-gold zone along its interpreted\nplunge, east of the copper-gold intersections reported earlier in the program\n(see Figures 1 and 2 and Table 2). All four holes intersected VMS-style\nsemi-massive to massive sulfide mineralization. B26-015 and B26-016, drilled\nfrom a site approximately 50 metres east of the B26-008/B26-010 section,\nintersected thick sulfide intervals, and the broad copper-gold interval in\nB26-015 supports the interpretation that the mineralized 'core' of the zone\ncontinues east along the projected plunge. B26-013 and B26-017, drilled from a\nsite approximately 60 metres farther east, intersected thinner zones of\nsemi-massive to massive sulfides. B26-013 intersected a discrete massive\nsulfide interval interpreted to lie near the up-dip margin of the copper-gold\nzone. B26-017, approximately 225 metres below B26-013, intersected 2.95 metres\nof semi-massive sulfides at the base of a 26.05-metre sequence of mineralized\ncrystal tuff. Logged sulfide abundance in this intersection is greater than\nrecorded in nearby historical hole B92-15, to the west at a similar depth,\nsupporting follow-up targeting up-dip of B26-017 on this section.\n\nB26-018, currently in progress, is designed to test the transition in\nmineralization style between the footwall gold-dominant mineralization in\nB26-009W and B26-012 and the copper-gold mineralization in B26-008 and\nB26-011. Its results will help guide targeting of both the copper-gold zone\nand the footwall gold zone in the next drill program.\n\n(https://images.newsfilecorp.com/files/7506/320320_5d9e63a1c405eb08_001full.jpg)\n\nFigure 1: Phase 2 Drill Program Plan Map\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/7506/320320_5d9e63a1c405eb08_001full.jpg\n\n(https://images.newsfilecorp.com/files/7506/320320_5d9e63a1c405eb08_002full.jpg)\n\nFigure 2: Phase 2 Drill Program Long Section\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/7506/320320_5d9e63a1c405eb08_002full.jpg\n\nTable 2: Previously Reported Results - Phase 2 Program\n\n Hole      Length  (m)  Cu  (%)  Au  (g/t)  Geological setting     News release  (2026)  \n B26-007   30.70        1.05     1.34       Copper zone            April 27              \n B26-008   27.72        1.07     0.97       Copper zone            June 2                \n B26-010   21.06        1.32     1.07       Copper zone            June 2                \n B26-011   18.75        0.53     0.93       Copper zone            July 22               \n B26-009W  52.18        0.08     1.12       Gold-bearing footwall  July 22               \n B26-012   55.90        0.04     0.88       Gold-bearing footwall  September 22          \n These are selected earlier results, not newly reported assays. All intervals are drilled lengths; true-width estimates are hole-specific. Refer to the cited releases for full assay tables, inclusions, true-width estimates and technical disclosure. B26-014, reported on September 22, 2026, returned no significant assay results. \n\n \n\nHole Details\n*\nB26-013: Designed as an eastern step-out testing the up-dip extent of\ncopper-gold zone mineralization encountered in historical drilling to the west\n(B91-11 and B92-13). The mineralized zone was encountered at 384.19 metres and\nconsists of weakly mineralized tuffaceous sediments overlying a 2.74-metre\nmassive sulfide interval (1.51% Cu and 1.71 g/t Au from 386.65 metres). The\ntrue thickness of the mineralized intervals is currently unknown due to\nlimited data nearby.\n*\nB26-015: Drilled approximately 50 metres east of the B26-008/B26-010 section,\nB26-015 tested the interpreted eastward plunge of the copper-gold zone. A\nbroad, 25.17-metre zone of semi-massive to massive sulfide-dominant\nmineralization (1.30% Cu and 1.30 g/t Au from 427.90 metres) includes a\n6.84-metre upper copper-rich interval (1.64% Cu and 1.04 g/t Au from 427.90\nmetres) and a 6.21-metre lower copper-rich interval (2.34% Cu and 1.85 g/t Au\nfrom 445.66 metres). The true thickness of the interval is estimated to be\napproximately 80% of drilled length.\n*\nB26-016 (Assays Pending): Collared on the same site with the objective of\nundercutting B26-015 at a steeper angle, B26-016 intersected the targeted\nhorizon approximately 55 metres down-dip of the B26-015 intercept. Logging\nindicates a 31.62-metre interval of semi-massive to massive sulfide-dominant\nmineralization from 468.12 to 499.74 metres, including a 0.89-metre quartz\nvein, within a broader, approximately 70-metre interval of mineralized crystal\ntuff. The main sulfide interval contains bedded and locally fragmental pyrite\nwith chalcopyrite blebs and disseminations; chalcopyrite appears concentrated\nin upper and lower parts of the interval. True thickness is estimated to be\napproximately 70% of drilled length.\n*\nB26-017 (Assays Pending): Collared on the same site with the objective of\nundercutting B26-013 at a steeper angle, B26-017 deviated during drilling,\nwhich placed the intersection deeper than planned, approximately 225 metres\nbelow the B26-013 intersection. The mineralized interval was encountered at\n553.31 metres and consists of a 26.05-metre sequence of variably mineralized\ncrystal tuff with intermittent pyrite banding and localized blebs and\ndisseminations of chalcopyrite, including a 2.95-metre basal interval of\nsemi-massive sulfide (approximately 25% pyrite) with intermittent patches,\nblebs and disseminations of chalcopyrite. True thickness has not yet been\nestablished.\n\nThe recurrence of pyrite-chalcopyrite sulfides in the same interpreted\nstratigraphic setting at successive drill positions is encouraging for the\ncontinuity of the targeted mineralized horizon. The significant thicknesses of\nthe mineralized intervals encountered in B26-015 and B26-016 further support\nthe projected plunge of the 'core' of the copper zone and support further\ntesting of the zone along this trend to the east. Final surveys, logging and\nassays will refine the relationship between the intersections and guide\nfollow-up targeting.\n\nThe B26-016 and B26-017 descriptions are visual core-logging observations, not\nassay results. Assays are required to determine metal grades. The reported\nvisual intervals are drilled lengths and include internal quartz-vein and tuff\nintervals; true widths are provided where surrounding data are sufficient to\nprovide reasonable estimates.\n\nNext Steps\n*\nComplete Phase 2: The Company is targeting approximately 6,750 metres of\ndrilling within the existing drilling approval for the leased forty-acre Soo\nLine mineral parcel. As of October 20, 2026, approximately 6,590 metres had\nbeen drilled in 11 completed primary holes, one wedge branch and B26-018,\nwhich remains in progress at approximately 447 metres. Approximately 160\nmetres remain in the current program.\n*\nTest priority extensions: B26-018 is designed to test the transition between\ncopper-zone and gold-dominant mineralization and a target identified by\nborehole electromagnetic (\"BHEM\") surveys below B26-011. These targets combine\nthe evolving geological model with downhole geophysical information.\n*\nReport pending results: The Company has experienced extended laboratory\nturnaround times on pending assays. Samples from B26-016 were shipped to ALS\nGlobal (\"ALS\") in early October for rush analysis, and samples from B26-017\nare being prepared for shipment. Results will be reported following receipt\nand validation, with B26-018 to follow as sampling and analysis are completed.\n*\nPrepare follow-up drilling: Integrate assays, geological logging and BHEM\ninterpretations to prioritize the next drill program at depth and along the\nmineralized trend. Work beyond the current Soo Line drilling area remains\nsubject to the applicable land access and federal, state and surface-use\nauthorizations.\n\nTable 3: Drill Collar Information\n\n Hole ID  Easting  (m)  Northing  (m)  Elevation  (masl)  Azimuth  (°)   Dip  (°)   Total Depth  (m)  \n B26-012  688519        5018496        414                343            74         569.06            \n B26-013  688715        5018496        406                343            57         624.23            \n B26-014  688597        5018572        410                342            58         413.92            \n B26-015  688648        5018508        410                344            62         541.93            \n B26-016  688648        5018508        410                344            69         596.80            \n B26-017  688715        5018496        406                344            71         742.19            \n B26-018  688602        5018488        412                333            73         In progress       \n Coordinates: NAD83 UTM Zone 15N. Collar locations are planned or field-spotted; final high-resolution collar surveys are pending. Azimuths and dips are collar gyro readings; dips are expressed as positive angles below horizontal. \n\n \n\nAbout the Bend Project\n\nThe Bend Project is an exploration-stage copper-gold VMS project in Taylor\nCounty, Wisconsin, approximately 30 kilometres north-northwest of Medford.\nGreenLight's interests are held through Green Light Wisconsin LLC and include\nthe leased forty-acre Soo Line mineral parcel and a pending prospecting permit\napplication over approximately 519 acres of adjacent federal mineral estate.\n\nHistorical and GreenLight drilling across the Bend property totals\napproximately 30,440 metres in 70 primary drill holes and two wedge branches\nas of October 20, 2026, including B26-018 in progress. GreenLight's 2025-2026\ndrilling accounts for approximately 8,630 metres in 18 primary holes and one\nwedge branch.\n\nA 1992 historical estimate outlined approximately 4.0 million tonnes grading\n1.74% copper, 2.44 g/t gold and 11.56 g/t silver.¹ The estimate provides\nhistorical context for the project; it is not a current mineral resource. A\nQualified Person has not done sufficient work to classify the historical\nestimate as a current mineral resource, and GreenLight is not treating it as a\ncurrent mineral resource.\n\n¹ Primary source: E.K. Lehmann and Associates, Inc. (1992), Report of the\nGeology and Ore Reserves of the Bend Copper-Gold Deposit, Taylor County,\nWisconsin, prepared for the Jump River Joint Venture. The estimate used\napproximately 33 drill holes and averaged polygonal and cross-sectional\nestimates. It was described as a \"geologic resource\" under U.S. Geological\nSurvey Circular 831 (1980), not a current CIM mineral resource category. No\ncut-off grade or complete set of estimation assumptions is available in the\nrecords reviewed. Its reliability is limited by its age, incomplete supporting\nrecords and exclusion of subsequent drilling, including the later historical\nprograms and GreenLight's 2025-2026 work. Reconciliation and verification of\ncollars, surveys, assays, density data, geological interpretations and QA/QC\nrecords, together with any additional drilling or sampling required by the\nQualified Person, would be required before preparation of a current estimate\nunder CIM Definition Standards. The historical estimate should not be relied\nupon as a current mineral resource or mineral reserve.\n\nSample Preparation and QA/QC\n\nA strict chain of custody was maintained from core collection through shipment\nto ALS, an independent laboratory. NQ-size drill core (47.6-millimetre\ndiameter) was transported to GreenLight's secure Medford-area core facility\nfor geological logging, photography and sampling. Mineralized and adjacent\nunmineralized intervals were cut lengthwise using an electric saw; one half\nwas submitted for analysis and the remaining half retained. Sample lengths\ngenerally ranged from 0.5 to 1.5 metres, subject to geological contacts.\nSamples were placed in labelled, sealed bags and shipped by ground courier to\nALS in Twin Falls, Idaho, for preparation; analyses were completed at ALS in\nNorth Vancouver, British Columbia.\n\nSamples were prepared using ALS method PREP-31Y: drying where required,\ncrushing to at least 70% passing 2 millimetres, rotary splitting of a 250-gram\nsub-sample and pulverizing the split to 85% passing 75 micrometres. Gold was\nanalyzed using Au-ICP21, a 30-gram fire assay with an ICP-AES finish and a\nreporting range of 0.001-10 ppm Au; samples exceeding the upper limit are\nre-analyzed using a gravimetric finish. Multi-element analysis, including\ntellurium, used ME-MS61, a four-acid digestion of a 0.25-gram split with\nICP-MS/ICP-AES determination. Samples returning more than 1% copper were\nre-analyzed using Cu-OG62, a four-acid digestion with an ICP-AES finish.\nSamples returning more than 500 ppm tellurium are being re-analyzed using\nTe-AA62 with an atomic-absorption finish.\n\nCertified reference materials and blanks were inserted into the sample stream\nand together represented approximately 10% of submitted samples.\nQuality-control results for the copper and gold analyses of B26-013 and\nB26-015 were reviewed and found to be acceptable.\n\nQualified Person Statement\n\nThe technical information in this news release has been prepared under the\nsupervision of, and reviewed and approved by, Thomas Quigley, MSc, CPG-11962,\nExploration Director of the Company, a Qualified Person as defined by National\nInstrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI\n43-101\").\n\nAbout GreenLight Metals Inc.\n\nGreenLight is a Wisconsin-focused exploration company advancing copper-gold\nand gold projects across the Penokean Volcanic Belt (one of North America's\nmost prospective VMS districts) and the Kalium Canyon epithermal gold project\nin Nevada's Walker Lane, which is subject to a staged earn-in and joint\nventure arrangement with Barrick Mining Corporation. In Wisconsin,\nGreenLight's portfolio includes the Bend copper-gold deposit, the Reef\nhigh-grade gold project, and the Lobo and Lobo East massive sulfide targets.\nGreenLight's flagship Bend Project is posted on the U.S. Federal Permitting\nDashboard as a FAST-41 Transparency Project, providing a public framework for\ntracking applicable federal review and authorization milestones and\ncoordinated support through the Permitting Council. Guided by a team with deep\nroots in the state, GreenLight is building a modern minerals company for\nWisconsin, by Wisconsin, committed to responsible exploration, transparent\nengagement, and creating durable local opportunities as it helps supply the\ncritical metals that power the energy transition.\n\nFor more information, please contact:\nMatt Filgate\nPresident & CEO, Director\n(778) 679-3579\nmatt@greenlightmetals.com\nwww.greenlightmetals.com\n\nNeither 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 news release.\n\nForward-Looking Information\n\nThis news release contains forward-looking information within the meaning of\napplicable Canadian securities laws, including statements concerning the\ninterpretation, continuity and potential extension of mineralization; the\ntiming and significance of pending assays; the scope, targets, metreage and\ncompletion of Phase 2, including B26-018; BHEM work; and the timing and scope\nof future drilling, including required authorizations.\n\nThis information is based on assumptions regarding geological interpretations,\nlaboratory turnaround times, access, required approvals, financing, equipment\nand personnel availability, weather and operating conditions. Actual results\nmay differ materially because of assay outcomes; differences between visual\nobservations and assay grades; changes in geological interpretations,\ntrue-width estimates or drill plans; delays or denials of permits; access\nrestrictions; contractor or equipment availability; cost increases; financing\nand market conditions; and operational, environmental or other risks.\nAdditional risks are described in the Company's public filings on SEDAR+.\n\nReaders should not place undue reliance on forward-looking information. It is\nprovided as of the date of this release, and the Company undertakes no\nobligation to update it except as required by law.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/320320","article_body_html":"","raw_payload":{"data":{"id":"nNFC66drSx-20261022","title":"GreenLight Metals Intersects 1.30% Copper and 1.30 g/t Gold over 25.17 Metres in an Eastern Step-Out Hole at the Bend Project","author":"Newsfile Corp","ticker":"GRL","created":"2026-10-22T11:00:18.825Z","tickers":["GRL"],"exchange":"","article_body":"Includes 6.21 metres of 2.34% copper and 1.85 g/t gold; massive sulfide in\nB26-013 farther east\nAssays pending for B26-016 and B26-017; final Phase 2 hole in progress\n\nMedford, Wisconsin--(Newsfile Corp. - October 22, 2026) - GreenLight Metals\nInc. (TSXV: GRL) (OTCQB: GRLMF) (\"GreenLight\" or the \"Company\") is pleased to\nannounce assay results from step-out holes B26-015 and B26-013 at its Bend\ncopper-gold volcanogenic massive sulfide (\"VMS\") Project in Taylor County,\nWisconsin. Both holes intersected massive to semi-massive sulfides along the\ninterpreted copper-zone trend to the east. B26-015, drilled approximately 50\nmetres east of the B26-008/B26-010 section, returned a broad copper-gold\ninterval comparable in width and grade to those holes, and B26-013 intersected\nmassive sulfide on a section approximately 60 metres farther east.\n\nHighlights\n*\nBroad copper-gold interval in eastern step-out: B26-015 intersected 25.17 m\naveraging 1.30% Cu, 1.30 g/t Au and 13.87 g/t Ag (2.69% copper equivalent\n(\"CuEq\")) from 427.90 m, including two higher-grade copper intervals: 6.84 m\nat 1.64% Cu, 1.04 g/t Au and 14.66 g/t Ag (2.74% CuEq) from 427.90 m, and 6.21\nm at 2.34% Cu, 1.85 g/t Au and 29.18 g/t Ag (4.39% CuEq) from 445.66 m.\n*\nMassive sulfide farther east: B26-013, on a section approximately 60 m east of\nB26-015, intersected 5.20 m averaging 0.89% Cu, 0.99 g/t Au and 9.16 g/t Ag\n(1.95% CuEq) from 384.19 m, including 2.74 m of massive sulfide grading 1.51%\nCu, 1.71 g/t Au and 16.02 g/t Ag (3.33% CuEq) from 386.65 m. The intersection\nis interpreted to lie near the up-dip margin of the copper-gold zone.\n*\nA defined direction for follow-up: The broad copper-gold interval in B26-015,\ntogether with a 31.62 m logged interval of semi-massive to massive\nsulfide-dominant mineralization in B26-016 approximately 55 m down-dip (assays\npending), supports the interpretation that copper-gold mineralization\ncontinues along plunge to the east.\n*\nAdvancing the next targets: B26-018, the final hole of the Phase 2 program, is\nin progress and is targeting the geological transition between the\ngold-dominant footwall mineralization in B26-009W and B26-012 and the\ncopper-gold mineralization in B26-008 and B26-011. Phase 2 results will guide\nplanning of the next drill program, subject to required authorizations.\n*\nAssays pending: Assays for B26-016 and B26-017 are pending and will be\nreported once received and validated.\n\n\"B26-015 is among the best results of our Phase 2 program: more than 25 metres\nof copper-gold mineralization, including 6.21 metres grading 2.34% copper and\n1.85 g/t gold,\" said Matt Filgate, President, CEO and Director of GreenLight.\n\"Taken together with the thick interval of massive to semi-massive sulfide we\nlogged about 55 metres down-dip in B26-016, where assays are pending, it\nsupports our view that the system continues down plunge to the east. As we\nfinish Phase 2 with B26-018 and receive the remaining assays, we're building a\nclearer picture of where to focus our next drill program.\"\n\nTable 1: Summary of Significant Intercepts - B26-015 & B26-013\n\n DDH        From  (m)  To  (m)  Interval  (m)  Cu  (%)  Au  (g/t)  Ag  (g/t)  CuEq  (%)  \n B26-015    427.90     453.07   25.17          1.30     1.30       13.87      2.69       \n Including  427.90     434.74   6.84           1.64     1.04       14.66      2.74       \n Including  445.66     451.87   6.21           2.34     1.85       29.18      4.39       \n B26-013    384.19     389.39   5.20           0.89     0.99       9.16       1.95       \n Including  386.65     389.39   2.74           1.51     1.71       16.02      3.33       \n All intervals are drilled lengths, and composite grades are length-weighted. True thickness is estimated at approximately 80% of drilled length for B26-015 and is currently unknown for B26-013 because of limited nearby data. \"Including\" intervals are contained within the broader interval and are not additional mineralized lengths. Tellurium is not reported because several samples exceeded the 500 ppm upper limit of the multi-element method.  CuEq is a calculated grade combining the reported copper, gold and \n silver grades using assumed metal prices and metallurgical recoveries. It is not a proxy for, or evidence of, economic value. Tellurium is excluded. Assumptions are US$4.50/lb copper, US$3,600/oz gold, US$40/oz silver and 90% recovery for each metal, consistent with the Company's April 27, June 2 and July 22, 2026 releases. CuEq values are calculated from unrounded grades.  CuEq (%) = [(Cu (%) / 100 × 0.90 × 2204.6 × 4.50) + (Au (g/t) × 0.90 / 31.1035 × 3600) + (Ag (g/t) × 0.90 / 31.1035 × 40)] / (2204.6 × \n 0.01 × 4.50).  The recovery assumptions are based on a preliminary assessment of analogous VMS deposits and preliminary, historical metallurgical testwork completed by past operators of the Bend Project; actual recoveries and payabilities are unknown and may differ materially. The calculation does not include smelting or refining charges, penalties, deleterious elements or payability adjustments. \n\n \n\nPhase 2 Drilling Results and Geological Context\n\nThe Phase 2 program is testing two related styles of mineralization at Bend:\ncopper-gold mineralization in massive to semi-massive sulfide lenses and\nbroader gold-bearing mineralization in the underlying footwall crystal tuff.\nPhase 2 has extended drill-tested mineralization at depth and improved the\ndefinition of both zones, supporting continued testing of the copper-gold zone\nalong its interpreted 45°-50° eastward plunge and of the gold mineralization\nalong strike and at depth.\n\nRecent Phase 2 drilling includes four holes (B26-013, B26-015, B26-016 and\nB26-017) testing the extension of the copper-gold zone along its interpreted\nplunge, east of the copper-gold intersections reported earlier in the program\n(see Figures 1 and 2 and Table 2). All four holes intersected VMS-style\nsemi-massive to massive sulfide mineralization. B26-015 and B26-016, drilled\nfrom a site approximately 50 metres east of the B26-008/B26-010 section,\nintersected thick sulfide intervals, and the broad copper-gold interval in\nB26-015 supports the interpretation that the mineralized 'core' of the zone\ncontinues east along the projected plunge. B26-013 and B26-017, drilled from a\nsite approximately 60 metres farther east, intersected thinner zones of\nsemi-massive to massive sulfides. B26-013 intersected a discrete massive\nsulfide interval interpreted to lie near the up-dip margin of the copper-gold\nzone. B26-017, approximately 225 metres below B26-013, intersected 2.95 metres\nof semi-massive sulfides at the base of a 26.05-metre sequence of mineralized\ncrystal tuff. Logged sulfide abundance in this intersection is greater than\nrecorded in nearby historical hole B92-15, to the west at a similar depth,\nsupporting follow-up targeting up-dip of B26-017 on this section.\n\nB26-018, currently in progress, is designed to test the transition in\nmineralization style between the footwall gold-dominant mineralization in\nB26-009W and B26-012 and the copper-gold mineralization in B26-008 and\nB26-011. Its results will help guide targeting of both the copper-gold zone\nand the footwall gold zone in the next drill program.\n\n(https://images.newsfilecorp.com/files/7506/320320_5d9e63a1c405eb08_001full.jpg)\n\nFigure 1: Phase 2 Drill Program Plan Map\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/7506/320320_5d9e63a1c405eb08_001full.jpg\n\n(https://images.newsfilecorp.com/files/7506/320320_5d9e63a1c405eb08_002full.jpg)\n\nFigure 2: Phase 2 Drill Program Long Section\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/7506/320320_5d9e63a1c405eb08_002full.jpg\n\nTable 2: Previously Reported Results - Phase 2 Program\n\n Hole      Length  (m)  Cu  (%)  Au  (g/t)  Geological setting     News release  (2026)  \n B26-007   30.70        1.05     1.34       Copper zone            April 27              \n B26-008   27.72        1.07     0.97       Copper zone            June 2                \n B26-010   21.06        1.32     1.07       Copper zone            June 2                \n B26-011   18.75        0.53     0.93       Copper zone            July 22               \n B26-009W  52.18        0.08     1.12       Gold-bearing footwall  July 22               \n B26-012   55.90        0.04     0.88       Gold-bearing footwall  September 22          \n These are selected earlier results, not newly reported assays. All intervals are drilled lengths; true-width estimates are hole-specific. Refer to the cited releases for full assay tables, inclusions, true-width estimates and technical disclosure. B26-014, reported on September 22, 2026, returned no significant assay results. \n\n \n\nHole Details\n*\nB26-013: Designed as an eastern step-out testing the up-dip extent of\ncopper-gold zone mineralization encountered in historical drilling to the west\n(B91-11 and B92-13). The mineralized zone was encountered at 384.19 metres and\nconsists of weakly mineralized tuffaceous sediments overlying a 2.74-metre\nmassive sulfide interval (1.51% Cu and 1.71 g/t Au from 386.65 metres). The\ntrue thickness of the mineralized intervals is currently unknown due to\nlimited data nearby.\n*\nB26-015: Drilled approximately 50 metres east of the B26-008/B26-010 section,\nB26-015 tested the interpreted eastward plunge of the copper-gold zone. A\nbroad, 25.17-metre zone of semi-massive to massive sulfide-dominant\nmineralization (1.30% Cu and 1.30 g/t Au from 427.90 metres) includes a\n6.84-metre upper copper-rich interval (1.64% Cu and 1.04 g/t Au from 427.90\nmetres) and a 6.21-metre lower copper-rich interval (2.34% Cu and 1.85 g/t Au\nfrom 445.66 metres). The true thickness of the interval is estimated to be\napproximately 80% of drilled length.\n*\nB26-016 (Assays Pending): Collared on the same site with the objective of\nundercutting B26-015 at a steeper angle, B26-016 intersected the targeted\nhorizon approximately 55 metres down-dip of the B26-015 intercept. Logging\nindicates a 31.62-metre interval of semi-massive to massive sulfide-dominant\nmineralization from 468.12 to 499.74 metres, including a 0.89-metre quartz\nvein, within a broader, approximately 70-metre interval of mineralized crystal\ntuff. The main sulfide interval contains bedded and locally fragmental pyrite\nwith chalcopyrite blebs and disseminations; chalcopyrite appears concentrated\nin upper and lower parts of the interval. True thickness is estimated to be\napproximately 70% of drilled length.\n*\nB26-017 (Assays Pending): Collared on the same site with the objective of\nundercutting B26-013 at a steeper angle, B26-017 deviated during drilling,\nwhich placed the intersection deeper than planned, approximately 225 metres\nbelow the B26-013 intersection. The mineralized interval was encountered at\n553.31 metres and consists of a 26.05-metre sequence of variably mineralized\ncrystal tuff with intermittent pyrite banding and localized blebs and\ndisseminations of chalcopyrite, including a 2.95-metre basal interval of\nsemi-massive sulfide (approximately 25% pyrite) with intermittent patches,\nblebs and disseminations of chalcopyrite. True thickness has not yet been\nestablished.\n\nThe recurrence of pyrite-chalcopyrite sulfides in the same interpreted\nstratigraphic setting at successive drill positions is encouraging for the\ncontinuity of the targeted mineralized horizon. The significant thicknesses of\nthe mineralized intervals encountered in B26-015 and B26-016 further support\nthe projected plunge of the 'core' of the copper zone and support further\ntesting of the zone along this trend to the east. Final surveys, logging and\nassays will refine the relationship between the intersections and guide\nfollow-up targeting.\n\nThe B26-016 and B26-017 descriptions are visual core-logging observations, not\nassay results. Assays are required to determine metal grades. The reported\nvisual intervals are drilled lengths and include internal quartz-vein and tuff\nintervals; true widths are provided where surrounding data are sufficient to\nprovide reasonable estimates.\n\nNext Steps\n*\nComplete Phase 2: The Company is targeting approximately 6,750 metres of\ndrilling within the existing drilling approval for the leased forty-acre Soo\nLine mineral parcel. As of October 20, 2026, approximately 6,590 metres had\nbeen drilled in 11 completed primary holes, one wedge branch and B26-018,\nwhich remains in progress at approximately 447 metres. Approximately 160\nmetres remain in the current program.\n*\nTest priority extensions: B26-018 is designed to test the transition between\ncopper-zone and gold-dominant mineralization and a target identified by\nborehole electromagnetic (\"BHEM\") surveys below B26-011. These targets combine\nthe evolving geological model with downhole geophysical information.\n*\nReport pending results: The Company has experienced extended laboratory\nturnaround times on pending assays. Samples from B26-016 were shipped to ALS\nGlobal (\"ALS\") in early October for rush analysis, and samples from B26-017\nare being prepared for shipment. Results will be reported following receipt\nand validation, with B26-018 to follow as sampling and analysis are completed.\n*\nPrepare follow-up drilling: Integrate assays, geological logging and BHEM\ninterpretations to prioritize the next drill program at depth and along the\nmineralized trend. Work beyond the current Soo Line drilling area remains\nsubject to the applicable land access and federal, state and surface-use\nauthorizations.\n\nTable 3: Drill Collar Information\n\n Hole ID  Easting  (m)  Northing  (m)  Elevation  (masl)  Azimuth  (°)   Dip  (°)   Total Depth  (m)  \n B26-012  688519        5018496        414                343            74         569.06            \n B26-013  688715        5018496        406                343            57         624.23            \n B26-014  688597        5018572        410                342            58         413.92            \n B26-015  688648        5018508        410                344            62         541.93            \n B26-016  688648        5018508        410                344            69         596.80            \n B26-017  688715        5018496        406                344            71         742.19            \n B26-018  688602        5018488        412                333            73         In progress       \n Coordinates: NAD83 UTM Zone 15N. Collar locations are planned or field-spotted; final high-resolution collar surveys are pending. Azimuths and dips are collar gyro readings; dips are expressed as positive angles below horizontal. \n\n \n\nAbout the Bend Project\n\nThe Bend Project is an exploration-stage copper-gold VMS project in Taylor\nCounty, Wisconsin, approximately 30 kilometres north-northwest of Medford.\nGreenLight's interests are held through Green Light Wisconsin LLC and include\nthe leased forty-acre Soo Line mineral parcel and a pending prospecting permit\napplication over approximately 519 acres of adjacent federal mineral estate.\n\nHistorical and GreenLight drilling across the Bend property totals\napproximately 30,440 metres in 70 primary drill holes and two wedge branches\nas of October 20, 2026, including B26-018 in progress. GreenLight's 2025-2026\ndrilling accounts for approximately 8,630 metres in 18 primary holes and one\nwedge branch.\n\nA 1992 historical estimate outlined approximately 4.0 million tonnes grading\n1.74% copper, 2.44 g/t gold and 11.56 g/t silver.¹ The estimate provides\nhistorical context for the project; it is not a current mineral resource. A\nQualified Person has not done sufficient work to classify the historical\nestimate as a current mineral resource, and GreenLight is not treating it as a\ncurrent mineral resource.\n\n¹ Primary source: E.K. Lehmann and Associates, Inc. (1992), Report of the\nGeology and Ore Reserves of the Bend Copper-Gold Deposit, Taylor County,\nWisconsin, prepared for the Jump River Joint Venture. The estimate used\napproximately 33 drill holes and averaged polygonal and cross-sectional\nestimates. It was described as a \"geologic resource\" under U.S. Geological\nSurvey Circular 831 (1980), not a current CIM mineral resource category. No\ncut-off grade or complete set of estimation assumptions is available in the\nrecords reviewed. Its reliability is limited by its age, incomplete supporting\nrecords and exclusion of subsequent drilling, including the later historical\nprograms and GreenLight's 2025-2026 work. Reconciliation and verification of\ncollars, surveys, assays, density data, geological interpretations and QA/QC\nrecords, together with any additional drilling or sampling required by the\nQualified Person, would be required before preparation of a current estimate\nunder CIM Definition Standards. The historical estimate should not be relied\nupon as a current mineral resource or mineral reserve.\n\nSample Preparation and QA/QC\n\nA strict chain of custody was maintained from core collection through shipment\nto ALS, an independent laboratory. NQ-size drill core (47.6-millimetre\ndiameter) was transported to GreenLight's secure Medford-area core facility\nfor geological logging, photography and sampling. Mineralized and adjacent\nunmineralized intervals were cut lengthwise using an electric saw; one half\nwas submitted for analysis and the remaining half retained. Sample lengths\ngenerally ranged from 0.5 to 1.5 metres, subject to geological contacts.\nSamples were placed in labelled, sealed bags and shipped by ground courier to\nALS in Twin Falls, Idaho, for preparation; analyses were completed at ALS in\nNorth Vancouver, British Columbia.\n\nSamples were prepared using ALS method PREP-31Y: drying where required,\ncrushing to at least 70% passing 2 millimetres, rotary splitting of a 250-gram\nsub-sample and pulverizing the split to 85% passing 75 micrometres. Gold was\nanalyzed using Au-ICP21, a 30-gram fire assay with an ICP-AES finish and a\nreporting range of 0.001-10 ppm Au; samples exceeding the upper limit are\nre-analyzed using a gravimetric finish. Multi-element analysis, including\ntellurium, used ME-MS61, a four-acid digestion of a 0.25-gram split with\nICP-MS/ICP-AES determination. Samples returning more than 1% copper were\nre-analyzed using Cu-OG62, a four-acid digestion with an ICP-AES finish.\nSamples returning more than 500 ppm tellurium are being re-analyzed using\nTe-AA62 with an atomic-absorption finish.\n\nCertified reference materials and blanks were inserted into the sample stream\nand together represented approximately 10% of submitted samples.\nQuality-control results for the copper and gold analyses of B26-013 and\nB26-015 were reviewed and found to be acceptable.\n\nQualified Person Statement\n\nThe technical information in this news release has been prepared under the\nsupervision of, and reviewed and approved by, Thomas Quigley, MSc, CPG-11962,\nExploration Director of the Company, a Qualified Person as defined by National\nInstrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI\n43-101\").\n\nAbout GreenLight Metals Inc.\n\nGreenLight is a Wisconsin-focused exploration company advancing copper-gold\nand gold projects across the Penokean Volcanic Belt (one of North America's\nmost prospective VMS districts) and the Kalium Canyon epithermal gold project\nin Nevada's Walker Lane, which is subject to a staged earn-in and joint\nventure arrangement with Barrick Mining Corporation. In Wisconsin,\nGreenLight's portfolio includes the Bend copper-gold deposit, the Reef\nhigh-grade gold project, and the Lobo and Lobo East massive sulfide targets.\nGreenLight's flagship Bend Project is posted on the U.S. Federal Permitting\nDashboard as a FAST-41 Transparency Project, providing a public framework for\ntracking applicable federal review and authorization milestones and\ncoordinated support through the Permitting Council. Guided by a team with deep\nroots in the state, GreenLight is building a modern minerals company for\nWisconsin, by Wisconsin, committed to responsible exploration, transparent\nengagement, and creating durable local opportunities as it helps supply the\ncritical metals that power the energy transition.\n\nFor more information, please contact:\nMatt Filgate\nPresident & CEO, Director\n(778) 679-3579\nmatt@greenlightmetals.com\nwww.greenlightmetals.com\n\nNeither 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 news release.\n\nForward-Looking Information\n\nThis news release contains forward-looking information within the meaning of\napplicable Canadian securities laws, including statements concerning the\ninterpretation, continuity and potential extension of mineralization; the\ntiming and significance of pending assays; the scope, targets, metreage and\ncompletion of Phase 2, including B26-018; BHEM work; and the timing and scope\nof future drilling, including required authorizations.\n\nThis information is based on assumptions regarding geological interpretations,\nlaboratory turnaround times, access, required approvals, financing, equipment\nand personnel availability, weather and operating conditions. Actual results\nmay differ materially because of assay outcomes; differences between visual\nobservations and assay grades; changes in geological interpretations,\ntrue-width estimates or drill plans; delays or denials of permits; access\nrestrictions; contractor or equipment availability; cost increases; financing\nand market conditions; and operational, environmental or other risks.\nAdditional risks are described in the Company's public filings on SEDAR+.\n\nReaders should not place undue reliance on forward-looking information. It is\nprovided as of the date of this release, and the Company undertakes no\nobligation to update it except as required by law.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/320320"},"type":"article","timestamp":"2026-10-22T11:00:23.059618482Z","server_sent_at_ms":1792666823059},"received_at":"2026-10-22T11:00:23.230Z","source_url":"https://www.newsfilecorp.com/release/320320"},"analysis":{"id":"164732","press_release_id":"176762","analysis_json":{"industry":{"label":"Copper","sector":"Materials"},"redFlags":["CuEq grades rely on assumed metal prices and preliminary/historical metallurgical recoveries; not a proxy for economic value","1992 historical estimate (4.0 Mt @ 1.74% Cu) is not a current mineral resource and has not been verified by a Qualified Person","True thickness unknown for B26-013; B26-016/017 results are visual logging only, assays pending","Future drilling beyond the current Soo Line parcel remains subject to land access and federal/state authorizations","Company notes extended lab turnaround times on pending assays"],"eventType":"operations_update","narrative":"GreenLight Metals reported strong eastern step-out drill results at its Bend copper-gold project in Wisconsin, with hole B26-015 returning 25.17 metres at 1.30% copper and 1.30 g/t gold (2.69% CuEq), including 6.21 metres at 2.34% Cu and 1.85 g/t Au.\n\nHole B26-013, roughly 60 metres farther east, hit 5.20 metres at 0.89% Cu / 0.99 g/t Au, while B26-016 logged a 31.62-metre sulfide interval 55 metres down-dip with assays still pending.\n\nResults support continuity of the copper-gold zone down plunge to the east; the final Phase 2 hole (B26-018) is in progress and pending assays will guide the next drill program, subject to permitting authorizations.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Broad, high-grade eastern step-out at Bend confirms down-plunge continuity -- pending B26-016 assays are the next catalyst."},"keyFigures":{"customDimensions":{"b26_015_au_gpt":1.3,"b26_015_cu_pct":1.3,"b26_013_cueq_pct":1.95,"b26_015_cueq_pct":2.69,"b26_013_interval_m":5.2,"b26_015_interval_m":25.17,"phase2_target_metres":6750,"phase2_metres_drilled":6590,"b26_015_high_grade_au_gpt":1.85,"b26_015_high_grade_cu_pct":2.34,"historical_estimate_tonnes":"4.0 million tonnes grading 1.74% Cu, 2.44 g/t Au, 11.56 g/t Ag","b26_015_high_grade_interval_m":6.21}},"quotedText":"B26-015 is among the best results of our Phase 2 program: more than 25 metres of copper-gold mineralization, including 6.21 metres grading 2.34% copper and 1.85 g/t gold","namedEntities":{"people":[{"name":"Matt Filgate","role":"President, CEO and Director"},{"name":"Thomas Quigley","role":"Exploration Director, Qualified Person"}],"products":["Bend copper-gold VMS Project","Reef gold project","Kalium Canyon epithermal gold project"],"companies":[{"name":"GreenLight Metals Inc.","ticker":"GRL"},{"name":"ALS Global","relationship":"assay laboratory"},{"name":"Barrick Mining Corporation","relationship":"earn-in/JV partner on Kalium Canyon project"}],"dollarAmounts":[{"amount":"US$4.50/lb","context":"copper price assumption in CuEq calculation"},{"amount":"US$3,600/oz","context":"gold price assumption in CuEq calculation"}]},"materialImpact":{"score":3,"reasoning":"Strong eastern step-out drill results at the flagship Bend Project: 25.17 m at 1.30% Cu / 1.30 g/t Au (2.69% CuEq) plus massive sulfide farther east, supporting continuity of the copper-gold zone. Positive exploration news for a junior explorer, but not yet resource-defining or market-moving at scale."},"tickerRelevance":{"others":[],"primary":"GRL"},"globalImportance":22,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro-cap TSXV junior explorer","eventGravity":"positive exploration drill results, not resource-defining","sectorWeight":"copper/gold critical-minerals angle","householdBrandBoost":0,"retailFavoriteBoost":0}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"GreenLight Metals reported strong eastern step-out drill results at its Bend copper-gold project in Wisconsin, with hole B26-015 returning 25.17 metres at 1.30% copper and 1.30 g/t gold (2.69% CuEq), including 6.21 metres at 2.34% Cu and 1.85 g/t Au.\n\nHole B26-013, roughly 60 metres farther east, hit 5.20 metres at 0.89% Cu / 0.99 g/t Au, while B26-016 logged a 31.62-metre sulfide interval 55 metres down-dip with assays still pending.\n\nResults support continuity of the copper-gold zone down plunge to the east; the final Phase 2 hole (B26-018) is in progress and pending assays will guide the next drill program, subject to permitting authorizations.","key_figures":{"customDimensions":{"b26_015_au_gpt":1.3,"b26_015_cu_pct":1.3,"b26_013_cueq_pct":1.95,"b26_015_cueq_pct":2.69,"b26_013_interval_m":5.2,"b26_015_interval_m":25.17,"phase2_target_metres":6750,"phase2_metres_drilled":6590,"b26_015_high_grade_au_gpt":1.85,"b26_015_high_grade_cu_pct":2.34,"historical_estimate_tonnes":"4.0 million tonnes grading 1.74% Cu, 2.44 g/t Au, 11.56 g/t Ag","b26_015_high_grade_interval_m":6.21}},"named_entities":{"people":[{"name":"Matt Filgate","role":"President, CEO and Director"},{"name":"Thomas Quigley","role":"Exploration Director, Qualified Person"}],"products":["Bend copper-gold VMS Project","Reef gold project","Kalium Canyon epithermal gold project"],"companies":[{"name":"GreenLight Metals Inc.","ticker":"GRL"},{"name":"ALS Global","relationship":"assay laboratory"},{"name":"Barrick Mining Corporation","relationship":"earn-in/JV partner on Kalium Canyon project"}],"dollarAmounts":[{"amount":"US$4.50/lb","context":"copper price assumption in CuEq calculation"},{"amount":"US$3,600/oz","context":"gold price assumption in CuEq calculation"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-22T11:00:37.369Z","global_importance":22,"audience_relevance":15,"importance_components":{"tickerTier":"micro-cap TSXV junior explorer","eventGravity":"positive exploration drill results, not resource-defining","sectorWeight":"copper/gold critical-minerals angle","householdBrandBoost":0,"retailFavoriteBoost":0}},"durationMs":7608,"modelName":"glm-5.3-flashx"}}