00:15:18 EST Tue 24 Feb 2026
Enter Symbol
or Name
USA
CA



Torr Metals Inc
Symbol TMET
Shares Issued 83,824,953
Close 2026-02-23 C$ 0.17
Market Cap C$ 14,250,242
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Torr Metals hires ICP for market-making services

2026-02-23 20:12 ET - News Release

Mr. Malcolm Dorsey reports

TORR METALS ENGAGES ICP SECURITIES INC. FOR AUTOMATED MARKET MAKING SERVICES

Torr Metals Inc. has engaged the services of ICP Securities Inc. to provide automated market-making services, including use of its proprietary algorithm, ICP Premium, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. ICP will be paid a monthly fee of $7,500, plus applicable taxes. The agreement between the company and ICP was signed with a start date of Feb. 23, 2026, and is for four months, and shall be automatically renewed for subsequent one-month terms unless either party provides at least 30 days of written notice prior to the end of the initial term or an additional term, as applicable. There are no performance factors contained in the agreement, and no stock options or other compensation in connection with the engagement. ICP and its clients may acquire an interest in the securities of the company in the future.

ICP is an arm's-length party to the company. ICP's market-making activity will be primarily to correct temporary imbalances in the supply and demand of the company's shares. ICP will be responsible for the costs it incurs in buying and selling the company's shares, and no third party will be providing funds or securities for the market making activities.

Malcolm Dorsey, president and chief executive officer, commented: "As Torr continues to expand its shareholder base and advance to phase 2 drilling at our Kolos copper-gold project, we believe it is important to ensure our shares trade in an orderly and efficient manner. Over the past year, we have seen meaningful growth in liquidity and investor awareness, and engaging ICP is a pro-active step to help maintain stable bid-ask spreads and consistent market depth, particularly as additional shares come free trading. This engagement is focused on enhancing overall market quality and supporting fair price discovery in compliance with TSX Venture Exchange policies. We view this as prudent capital markets infrastructure as we move into our next phase of exploration."

About ICP Securities Inc.

ICP Securities is a Toronto-based CIRO dealer-member that specializes in automated market-making and liquidity provision, as well as having a proprietary market making algorithm, ICP Premium, that enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution and trading, ICP has leveraged its own proprietary technology to deliver high-quality liquidity provision and execution services to a broad array of public issuers and institutional investors.

About Torr Metals Inc.

Torr Metals, headquartered in Edmonton, Alta., is focused on unlocking new copper and gold discovery potential within proven, highly accessible mining districts across Canada, areas with both established infrastructure and a growing need for near-term feed. Torr's 100-per-cent-owned, district-scale assets are strategically located for cost-effective, year-round exploration and development. The 332-square-kilometre Kolos copper-gold project, situated in Southern British Columbia's prolific Quesnel terrane, lies just 30 kilometres southeast of the Highland Valley copper mine, Canada's largest open-pit copper operation, and 40 kilometres south of the city of Kamloops directly along Highway 5. In Northern Ontario, the 261-square-kilometre Filion gold project covers a virtually unexplored greenstone belt with high-grade orogenic gold potential. It sits just off the Trans-Canada Highway 11, approximately 42 kilometres from Kapuskasing and 202 kilometres by road from the Timmins mining camp, home to world-class operations like Hollinger, McIntyre and Dome.

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