Mr. Jonathon Deluce reports
ABITIBI METALS APPOINTS KEITH GORMAN AS CHIEF FINANCIAL OFFICER AND OPERATIONS UPDATE
Abitibi Metals Corp. has appointed Keith Gorman, CPA, as chief financial officer of the company, effective immediately.
Mr. Gorman brings extensive financial leadership experience across the mining sector to Abitibi at a pivotal stage in the company's growth. He joins the company from Foran Mining Corp., where he was the director of financial planning and analysis. Prior to that, he held progressively senior roles across corporate and operational finance at Kirkland Lake Gold Ltd. and at Alamos Gold's Young Davidson mine. His background spans corporate finance, strategic planning, financial reporting and the operational demands of advancing mineral projects toward development.
As chief financial officer, Mr. Gorman will lead the company's finance function and play a central role in supporting Abitibi's strategy as it advances the flagship B26 polymetallic project and pursues district-scale consolidation across the Selbaie camp.
The company also extends its sincere thanks to Eric Myung, who has served as chief financial officer since Abitibi became a public company and who will continue with the company in a consulting role.
"We are delighted to welcome Keith to the Abitibi team," said Jonathon Deluce, chief executive officer of Abitibi Metals. "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 life cycle, from exploration through to production discipline. That perspective will be invaluable as we advance B26 and pursue consolidation across the Selbaie camp."
Keith Gorman, CFO, commented, "I am excited to be joining Abitibi Metals as it continues to advance its B26 project and look forward to contributing to the development of a disciplined, scalable finance platform in support of the company's strategic objectives and continued growth."
In accordance with the company's omnibus incentive plan, it has granted 200,000 incentive stock options to Mr. Gorman. The options are exercisable at 65 cents per share for a period of five years. In addition, the company has granted Mr. Gorman 200,000 restricted share units (the RSUs), which will vest in line with the company's policy.
Operations update: temporary suspension of activities at B26 due to Quebec forest fire risk
Abitibi also announces that it has temporarily suspended all drilling and field exploration activities at its B26 project and safely evacuated all site personnel and contractors following an evacuation order issued by SOPFEU (Societe de protection des forets contre le feu) and Quebec's Ministere des Ressources naturelles et des Forets, due to increasing wildland fire danger in the area.
"We look forward to returning to site as soon as we are able. In the meantime, the safety of our employees and contractors is our top priority. I appreciate the hard work of all the Abitibi team members who ensured a safe evacuation from site. We continue to monitor conditions closely and will provide an update when we are able to resume."
To date, no damage to the company's camp, equipment or infrastructure at B26 has been reported. The temporary suspension is not expected to have a material impact on the company's overall project timeline, and Abitibi will provide further updates as warranted.
About Abitibi Metals Corp.
Abitibi Metals is dedicated to acquiring and exploring mineral properties within Quebec, with a particular emphasis on high-quality base and precious metal assets that offer significant potential for growth and expansion.
The company's flagship B26 polymetallic project hosts a substantial and growing resource base:
- Indicated: 12.96 Mt (million tonnes) at 2.08 per cent CuEq (copper equivalent) (1.19 per cent Cu (copper), 1.16 per cent Zn (zinc), 0.44 g/t Au (gold) and 30.8 g/t Ag (silver));
- Inferred: 12.34 Mt at 2.20 per cent CuEq (1.60 per cent Cu, 0.16 per cent Zn, 0.68 g/t Au and 8.1 g/t Ag).
The B26 project is strategically located just seven kilometres southeast of the formerly producing Selbaie mine. This proximity provides the project with access to key infrastructure required for potential mine development. In addition to the B26 deposit, Abitibi's portfolio includes the Beschefer gold project.
We seek Safe Harbor.
© 2026 Canjex Publishing Ltd. All rights reserved.