Nickel & Cobalt Mining

Purecore Metals Inc. intends to complete a non-brokered private placement for aggregate gross proceeds of up to C$2,500,000, the company announced on October 2, 2026. The offering will combine hard dollar units priced at C$1.35 each and flow-through units priced at C$1.50 each, with each unit consisting of one common share and one warrant. Each warrant entitles the holder to acquire one warrant share at C$2.00 for 36 months from the applicable closing date, subject to acceleration if the closing price on the Canadian Securities Exchange equals or exceeds C$2.50 for ten consecutive trading days. Net proceeds from the hard dollar units are expected to fund mineral exploration, property expenditures and acquisitions, and general corporate and working capital purposes, while gross proceeds allocated to the flow-through shares will be used to incur eligible Canadian exploration expenses that the company intends to renounce to subscribers with an effective date no later than December 31, 2026. Completion remains subject to customary closing conditions and regulatory approvals, and all securities issued will be subject to a four-month hold period.

Lundin Mining Corporation reported that its issued and outstanding common shares with voting rights rose by 22,173 to 851,359,558 as of September 30, 2026, an increase from August 31, 2026 resulting from the exercise of employee stock options and the vesting of employee share units. The company said it did not purchase any shares for cancellation under its Normal Course Issuer Bid program during that period. Under its shareholder distribution policy, Lundin Mining is committed to allocating up to US$150 million in annual share buybacks through the NCIB program, and its Board of Directors has approved an increase of up to US$100 million to the share repurchase program for the remainder of 2026. So far during 2026, the company has acquired 6,098,494 common shares at an average cost of approximately C$35.70 per share. Lundin Mining is a Canadian mining company headquartered in Vancouver with three operating mines in Brazil and Chile, and its shares trade on the Toronto Stock Exchange under LUN and on Nasdaq Stockholm under LUMI.

The Metals Company has appointed former ExxonMobil upstream executive Liam Mallon to its board of directors as the company moves toward potential commercial seabed mining. Mallon spent 35 years with Mobil and ExxonMobil and served as President of ExxonMobil Upstream Company before retiring in 2025, overseeing a global exploration, development and production portfolio with annual capital spending of roughly $20 billion to $30 billion. His tenure included ExxonMobil's Guyana offshore development program and the company's $60-billion acquisition of Pioneer Natural Resources. At TMC, Mallon will also chair the board's Sustainability and Innovation Committee, with a remit covering offshore project economics, operational scaling and environmental management, and he replaces Brendan May, who is stepping down after two years on the board. The appointment comes as TMC seeks to shift from exploration and technology development to commercial recovery of polymetallic nodules containing nickel, copper, cobalt and manganese, pursuing U.S. authorization through the Deep Seabed Hard Mineral Resources Act, with its U.S. subsidiary seeking exploration and commercial recovery approvals from NOAA, which in August published TMC USA's consolidated application for the USA-A area and has begun environmental review of a separate exploration license application for the USA-B area.