{"success":true,"data":{"pressRelease":{"id":"83125","rtpr_id":"nNFC2dyvqq","ticker":"AMQ","exchange":"","all_tickers":["AMQ"],"title":"Abitibi Metals Appoints Keith Gorman as Chief Financial Officer and Operations Update","author":"Newsfile Corp","published_at":"2026-07-08T11:00:32.614Z","article_body":"Toronto, Ontario--(Newsfile Corp. - July 8, 2026) - Abitibi Metals\nCorp. (CSE: AMQ) (OTCQB: AMQFF) (\"Abitibi\" or the \"Company\") is pleased to\nannounce the appointment of Keith Gorman, CPA as Chief Financial Officer of\nthe Company, effective immediately.\n\nMr. Gorman brings extensive financial leadership experience across the mining\nsector to Abitibi at a pivotal stage in the Company's growth. He joins the\nCompany from Foran Mining Corporation, where he was the Director of Financial\nPlanning and Analysis. Prior to that, he held progressively senior roles\nacross corporate and operational finance at Kirkland Lake Gold Ltd and at\nAlamos Gold's Young Davidson Mine. His background spans corporate finance,\nstrategic planning, financial reporting and the operational demands of\nadvancing mineral projects toward development.\n\nAs Chief Financial Officer, Mr. Gorman will lead the Company's finance\nfunction and play a central role in supporting Abitibi's strategy as it\nadvances the flagship B26 Polymetallic Project and pursues district-scale\nconsolidation across the Selbaie Camp.\n\nThe Company also extends its sincere thanks to Eric Myung, who has served as\nChief Financial Officer since Abitibi became a public company and who will\ncontinue with the Company in a consulting role.\n\n\"We are delighted to welcome Keith to the Abitibi team,\" said Jonathon Deluce,\nCEO of Abitibi Metals. \"His time at Foran Mining, one of the standout growth\nstories in base and precious metals development, combined with his strong\nexperience in operational finance gives him a rare view across the full\nproject lifecycle, from exploration through to production discipline. That\nperspective will be invaluable as we advance B26 and pursue consolidation\nacross the Selbaie Camp.\"\n\nKeith Gorman, CFO commented: \"I am excited to be joining Abitibi Metals as it\ncontinues to advance its' B26 Project and look forward to contributing to the\ndevelopment of a disciplined, scalable finance platform in support of the\nCompany's strategic objectives and continued growth.\"\n\nIn accordance with the Company's omnibus incentive plan, it has granted\n200,000 incentive stock options (the \"Options\") to Mr. Gorman. The Options are\nexercisable at $0.65 per share for a period of five years. In addition, the\nCompany has granted Mr. Gorman 200,000 restricted share units (the \"RSUs\"),\nwhich will vest in line with the Company's policy.\n\nOperations Update: Temporary Suspension of Activities at B26 Due to Quebec\nForest Fire Risk\n\nAbitibi also announces that it has temporarily suspended all drilling and\nfield exploration activities at its B26 Project and safely evacuated all site\npersonnel and contractors following an evacuation order issued by SOPFEU\n(Société de protection des forêts contre le feu) and Quebec's Ministère\ndes Ressources naturelles et des Forêts, due to increasing wildland fire\ndanger in the area.\n\n\"We look forward to returning to site as soon as we are able. In the meantime,\nthe safety of our employees and contractors is our top priority. I appreciate\nthe hard work of all the Abitibi team members who ensured a safe evacuation\nfrom site. We continue to monitor conditions closely and will provide an\nupdate when we are able to resume.\"\n\nTo date, no damage to the Company's camp, equipment or infrastructure at B26\nhas been reported. The temporary suspension is not expected to have a material\nimpact on the Company's overall project timeline, and Abitibi will provide\nfurther updates as warranted.\n\nInformation pertaining to the status of the forest fires in Quebec can be\nfound at: https://www.sopfeu.qc.ca/en/current-situation/.\n\nAbout Abitibi Metals Corp:\n\nAbitibi Metals Corp. is dedicated to acquiring and exploring mineral\nproperties within Quebec, with a particular emphasis on high-quality base and\nprecious metal assets that offer significant potential for growth and\nexpansion.\n\nThe company's flagship B26 Polymetallic project hosts a substantial and\ngrowing resource base:\n* Indicated: 12.96Mt at 2.08% CuEq (1.19% Cu, 1.16% Zn, 0.44 g/t Au and 30.8\ng/t Ag)\n* Inferred: 12.34Mt at 2.20% CuEq (1.60% Cu, 0.16% Zn, 0.68 g/t Au and 8.1 g/t\nAg).\nThe B26 project is strategically located just 7 km southeast of the formerly\nproducing Selbaie Mine. This proximity provides the project with access to key\ninfrastructure required for potential mine development. In addition to the B26\nDeposit, Abitibi's portfolio includes the Beschefer Gold project.\n\nON BEHALF OF THE BOARD\n\nJonathon Deluce, Chief Executive Officer\n\nFor more information, please call +1 226-271-5170, email\ninfo@abitibimetals.com, or visit https://www.abitibimetals.com.\n\nTwitter: https://twitter.com/AbitibiMetals\n\nLinkedIn: https://www.linkedin.com/company/abitibi-metals-corp-amq-c/\n\nNeither the Canadian Securities Exchange nor its Regulation Services Provider\naccepts responsibility for the adequacy or accuracy of this release.\n\nNote 1: Technical Report NI 43-101 Resource Estimation Update Project B26,\nQuebec, For Abitibi Metals Corp., By SGS Canada Inc., Yann Camus, ing., SGS\nCanada - Geostat., Effective Date: November 2025, Date of Report: January,\n2026\n\nForward-looking statement:\n\nThis news release contains certain statements, which may constitute\n\"forward-looking information\" within the meaning of applicable securities\nlaws. Forward-looking information involves statements that are not based on\nhistorical information but rather relate to future operations, strategies,\nfinancial results or other developments. Forward-looking information is\nnecessarily based upon estimates and assumptions, which are inherently subject\nto significant business, economic and competitive uncertainties and\ncontingencies, many of which are beyond the Company's control and many of\nwhich, regarding future business decisions, are subject to change. These\nuncertainties and contingencies can affect actual results and could cause\nactual results to differ materially from those expressed in any\nforward-looking statements made by or on the Company's behalf. Although\nAbitibi has attempted to identify important factors that could cause actual\nactions, events or results to differ materially from those described in\nforward-looking information, there may be other factors that cause actions,\nevents or results to differ from those anticipated, estimated or intended. All\nfactors should be considered carefully, and readers should not place undue\nreliance on Abitibi's forward-looking information. Generally, forward-looking\ninformation can be identified by the use of forward-looking terminology such\nas \"expects,\" \"estimates,\" \"anticipates,\" or variations of such words and\nphrases (including negative and grammatical variations) or statements that\ncertain actions, events or results \"may,\" \"could,\" \"might\" or \"occur.\"\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/304382","article_body_html":"","raw_payload":{"data":{"id":"nNFC2dyvqq","title":"Abitibi Metals Appoints Keith Gorman as Chief Financial Officer and Operations Update","author":"Newsfile Corp","ticker":"AMQ","created":"2026-07-08T11:00:32.614Z","tickers":["AMQ"],"exchange":"","article_body":"Toronto, Ontario--(Newsfile Corp. - July 8, 2026) - Abitibi Metals\nCorp. (CSE: AMQ) (OTCQB: AMQFF) (\"Abitibi\" or the \"Company\") is pleased to\nannounce the appointment of Keith Gorman, CPA as Chief Financial Officer of\nthe Company, effective immediately.\n\nMr. Gorman brings extensive financial leadership experience across the mining\nsector to Abitibi at a pivotal stage in the Company's growth. He joins the\nCompany from Foran Mining Corporation, where he was the Director of Financial\nPlanning and Analysis. Prior to that, he held progressively senior roles\nacross corporate and operational finance at Kirkland Lake Gold Ltd and at\nAlamos Gold's Young Davidson Mine. His background spans corporate finance,\nstrategic planning, financial reporting and the operational demands of\nadvancing mineral projects toward development.\n\nAs Chief Financial Officer, Mr. Gorman will lead the Company's finance\nfunction and play a central role in supporting Abitibi's strategy as it\nadvances the flagship B26 Polymetallic Project and pursues district-scale\nconsolidation across the Selbaie Camp.\n\nThe Company also extends its sincere thanks to Eric Myung, who has served as\nChief Financial Officer since Abitibi became a public company and who will\ncontinue with the Company in a consulting role.\n\n\"We are delighted to welcome Keith to the Abitibi team,\" said Jonathon Deluce,\nCEO of Abitibi Metals. \"His time at Foran Mining, one of the standout growth\nstories in base and precious metals development, combined with his strong\nexperience in operational finance gives him a rare view across the full\nproject lifecycle, from exploration through to production discipline. That\nperspective will be invaluable as we advance B26 and pursue consolidation\nacross the Selbaie Camp.\"\n\nKeith Gorman, CFO commented: \"I am excited to be joining Abitibi Metals as it\ncontinues to advance its' B26 Project and look forward to contributing to the\ndevelopment of a disciplined, scalable finance platform in support of the\nCompany's strategic objectives and continued growth.\"\n\nIn accordance with the Company's omnibus incentive plan, it has granted\n200,000 incentive stock options (the \"Options\") to Mr. Gorman. The Options are\nexercisable at $0.65 per share for a period of five years. In addition, the\nCompany has granted Mr. Gorman 200,000 restricted share units (the \"RSUs\"),\nwhich will vest in line with the Company's policy.\n\nOperations Update: Temporary Suspension of Activities at B26 Due to Quebec\nForest Fire Risk\n\nAbitibi also announces that it has temporarily suspended all drilling and\nfield exploration activities at its B26 Project and safely evacuated all site\npersonnel and contractors following an evacuation order issued by SOPFEU\n(Société de protection des forêts contre le feu) and Quebec's Ministère\ndes Ressources naturelles et des Forêts, due to increasing wildland fire\ndanger in the area.\n\n\"We look forward to returning to site as soon as we are able. In the meantime,\nthe safety of our employees and contractors is our top priority. I appreciate\nthe hard work of all the Abitibi team members who ensured a safe evacuation\nfrom site. We continue to monitor conditions closely and will provide an\nupdate when we are able to resume.\"\n\nTo date, no damage to the Company's camp, equipment or infrastructure at B26\nhas been reported. The temporary suspension is not expected to have a material\nimpact on the Company's overall project timeline, and Abitibi will provide\nfurther updates as warranted.\n\nInformation pertaining to the status of the forest fires in Quebec can be\nfound at: https://www.sopfeu.qc.ca/en/current-situation/.\n\nAbout Abitibi Metals Corp:\n\nAbitibi Metals Corp. is dedicated to acquiring and exploring mineral\nproperties within Quebec, with a particular emphasis on high-quality base and\nprecious metal assets that offer significant potential for growth and\nexpansion.\n\nThe company's flagship B26 Polymetallic project hosts a substantial and\ngrowing resource base:\n* Indicated: 12.96Mt at 2.08% CuEq (1.19% Cu, 1.16% Zn, 0.44 g/t Au and 30.8\ng/t Ag)\n* Inferred: 12.34Mt at 2.20% CuEq (1.60% Cu, 0.16% Zn, 0.68 g/t Au and 8.1 g/t\nAg).\nThe B26 project is strategically located just 7 km southeast of the formerly\nproducing Selbaie Mine. This proximity provides the project with access to key\ninfrastructure required for potential mine development. In addition to the B26\nDeposit, Abitibi's portfolio includes the Beschefer Gold project.\n\nON BEHALF OF THE BOARD\n\nJonathon Deluce, Chief Executive Officer\n\nFor more information, please call +1 226-271-5170, email\ninfo@abitibimetals.com, or visit https://www.abitibimetals.com.\n\nTwitter: https://twitter.com/AbitibiMetals\n\nLinkedIn: https://www.linkedin.com/company/abitibi-metals-corp-amq-c/\n\nNeither the Canadian Securities Exchange nor its Regulation Services Provider\naccepts responsibility for the adequacy or accuracy of this release.\n\nNote 1: Technical Report NI 43-101 Resource Estimation Update Project B26,\nQuebec, For Abitibi Metals Corp., By SGS Canada Inc., Yann Camus, ing., SGS\nCanada - Geostat., Effective Date: November 2025, Date of Report: January,\n2026\n\nForward-looking statement:\n\nThis news release contains certain statements, which may constitute\n\"forward-looking information\" within the meaning of applicable securities\nlaws. Forward-looking information involves statements that are not based on\nhistorical information but rather relate to future operations, strategies,\nfinancial results or other developments. Forward-looking information is\nnecessarily based upon estimates and assumptions, which are inherently subject\nto significant business, economic and competitive uncertainties and\ncontingencies, many of which are beyond the Company's control and many of\nwhich, regarding future business decisions, are subject to change. These\nuncertainties and contingencies can affect actual results and could cause\nactual results to differ materially from those expressed in any\nforward-looking statements made by or on the Company's behalf. Although\nAbitibi has attempted to identify important factors that could cause actual\nactions, events or results to differ materially from those described in\nforward-looking information, there may be other factors that cause actions,\nevents or results to differ from those anticipated, estimated or intended. All\nfactors should be considered carefully, and readers should not place undue\nreliance on Abitibi's forward-looking information. Generally, forward-looking\ninformation can be identified by the use of forward-looking terminology such\nas \"expects,\" \"estimates,\" \"anticipates,\" or variations of such words and\nphrases (including negative and grammatical variations) or statements that\ncertain actions, events or results \"may,\" \"could,\" \"might\" or \"occur.\"\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/304382"},"type":"article","timestamp":"2026-07-08T11:00:32.673681905Z","server_sent_at_ms":1783508432673},"received_at":"2026-07-08T11:00:32.739Z","source_url":"https://www.newsfilecorp.com/release/304382"},"analysis":{"id":"72185","press_release_id":"83125","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":[],"eventType":"executive_change","narrative":"Abitibi Metals appointed Keith Gorman as Chief Financial Officer, effective immediately, leveraging his prior experience at Foran Mining and Kirkland Lake Gold to support the advancement of the B26 project.\n\nThe company temporarily suspended drilling and field activities at the B26 Project due to Quebec forest fire evacuation orders but reported no damage to camp or infrastructure.\n\nManagement stated the suspension is not expected to have a material impact on the overall project timeline.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"New CFO hire strengthens operational leadership amid temporary, non-damaging wildfire suspension at B26."},"keyFigures":{"customDimensions":{"rsus_granted":200000,"options_granted":200000,"option_exercise_price":"$0.65","b26_inferred_resource_mt":12.34,"b26_indicated_resource_mt":12.96,"b26_inferred_cueq_percent":2.2,"b26_indicated_cueq_percent":2.08}},"quotedText":"His time at Foran Mining, one of the standout growth stories in base and precious metals development, combined with his strong experience in operational finance gives him a rare view across the full project lifecycle","namedEntities":{"people":[{"name":"Keith Gorman","role":"Chief Financial Officer"},{"name":"Eric Myung","role":"Former Chief Financial Officer"},{"name":"Jonathon Deluce","role":"Chief Executive Officer"}],"products":["B26 Polymetallic Project","Beschefer Gold project"],"companies":[{"name":"Foran Mining Corporation"},{"name":"Kirkland Lake Gold Ltd"},{"name":"Alamos Gold"},{"name":"Abitibi Metals Corp.","ticker":"AMQ"}],"dollarAmounts":[{"amount":"$0.65","context":"incentive stock option exercise price"}]},"materialImpact":{"score":2,"reasoning":"The appointment of a CFO with relevant operational experience is a positive step for a development-stage miner, but routine personnel changes are not market-moving. The temporary suspension of drilling due to wildfires is a short-term disruption with no reported damage or expected material timeline impact."},"tickerRelevance":{"others":[],"primary":"AMQ"},"globalImportance":15,"audienceRelevance":15,"eventTypeSecondary":["operations_update"],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"executive_hire_and_ops_update","sectorWeight":"materials"}},"event_type":"executive_change","event_type_secondary":["operations_update"],"sentiment":"bullish","material_impact_score":2,"narrative":"Abitibi Metals appointed Keith Gorman as Chief Financial Officer, effective immediately, leveraging his prior experience at Foran Mining and Kirkland Lake Gold to support the advancement of the B26 project.\n\nThe company temporarily suspended drilling and field activities at the B26 Project due to Quebec forest fire evacuation orders but reported no damage to camp or infrastructure.\n\nManagement stated the suspension is not expected to have a material impact on the overall project timeline.","key_figures":{"customDimensions":{"rsus_granted":200000,"options_granted":200000,"option_exercise_price":"$0.65","b26_inferred_resource_mt":12.34,"b26_indicated_resource_mt":12.96,"b26_inferred_cueq_percent":2.2,"b26_indicated_cueq_percent":2.08}},"named_entities":{"people":[{"name":"Keith Gorman","role":"Chief Financial Officer"},{"name":"Eric Myung","role":"Former Chief Financial Officer"},{"name":"Jonathon Deluce","role":"Chief Executive Officer"}],"products":["B26 Polymetallic Project","Beschefer Gold project"],"companies":[{"name":"Foran Mining Corporation"},{"name":"Kirkland Lake Gold Ltd"},{"name":"Alamos Gold"},{"name":"Abitibi Metals Corp.","ticker":"AMQ"}],"dollarAmounts":[{"amount":"$0.65","context":"incentive stock option exercise price"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-07-08T11:26:06.832Z","global_importance":15,"audience_relevance":15,"importance_components":{"tickerTier":"micro-cap","eventGravity":"executive_hire_and_ops_update","sectorWeight":"materials"}},"durationMs":133395,"modelName":"george-droid-qwen-72b"}}