00:15:13 EDT Sat 23 May 2026
Enter Symbol
or Name
USA
CA



Bolt Metals Corp (4)
Symbol BOLT
Shares Issued 22,638,371
Close 2026-05-22 C$ 0.49
Market Cap C$ 11,092,802
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Bolt Metals completes MobileMT survey at Northwind

2026-05-22 20:41 ET - News Release

Mr. Zachary Kotowych reports

BOLT METALS COMPLETES 402 LINE-KM MOBILEMT SURVEY AT NORTHWIND PROPERTY, QUEBEC

Bolt Metals Corp. has successfully completed an airborne MobileMT survey over its Northwind property in Quebec, Canada.

The survey was conducted by Expert Geophysics Services using its advanced mobile magneto-telluric (MobileMT) system. A total of approximately 402 line kilometres were flown at 100-metre line spacing in a north-south direction.

Due to the thick overburden covering the property and the known limitations of conventional TDEM methods in such conditions, the MobileMT survey was selected for its superior depth of penetration. This technology enables effective imaging beneath the highly resistive overburden, allowing the company to identify potential deep-seated targets, including VMS (volcanogenic massive sulphide) systems, orogenic gold deposits and associated structural features.

The data collected are currently being processed and interpreted. The final results will be used to identify promising targets and design an upcoming 5,000-metre drilling program evaluating gold and base metal opportunities.

Adopts semi-annual reporting

Bolt Metals is also pleased to announce its election to rely upon Coordinated Blanket Order 51-933, Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers, and move to semi-annual financial reporting (SAR).

The blanket order allows eligible venture issuers to voluntarily move from quarterly to semi-annual financial reporting. By adopting SAR, the company aims to reduce the administrative and financial burden associated with quarterly reporting.

Under the blanket order, the company will be exempt from filing interim financial reports and related management's discussion and analysis (MD&A) for its first and third quarters. As a result, the company will not file interim financial statements and related MD&A for the three-month period ending March 31, 2026, and nine-month period ending Sept. 30, 2026. The company will continue to file audited annual financial statements and MD&A (due within 120 days of Dec. 31) and six-month interim financial statements and MD&A (due within 60 days of June 30).

The company confirms it meets the blanket order's eligibility criteria, which include being a venture issuer with annual revenues of less than $10-million, having a disclosure record of over 12 months and having filed all required periodic and timely continuous disclosure documents.

This news release is being filed pursuant to the blanket order.

Qualified person

The technical content of this news release has been reviewed and approved by Babak V. Azar, PGeo, a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, who is independent of the company.

About Bolt Metals Corp.

Bolt Metals is a North American mineral acquisition and exploration company focused on the development of quality precious and base metal properties that are drill ready with high upside and expansion potential. Bolt trades on the Canadian Securities Exchange under the symbol BOLT, the OTC under the symbol PCRFC and in Germany under the WKN A3D8AK.

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