18:02:14 EDT Tue 19 May 2026
Enter Symbol
or Name
USA
CA



Troubadour Resources Inc (3)
Symbol TR
Shares Issued 7,006,857
Close 2026-05-19 C$ 0.175
Market Cap C$ 1,226,200
Recent Sedar+ Documents

Troubadour reallocates exploration capital to Amarillo

2026-05-19 16:32 ET - News Release

Mr. Zachary Kotowych reports

TROUBADOUR RESOURCES ANNOUNCES STRATEGIC EXPLORATION SHIFT TO AMARILLO COPPER PORPHYRY PROJECT

Troubadour Resources Inc. has strategically reallocated its exploration capital and technical focus from the Senneville project in Quebec to its 100-per-cent-owned Amarillo copper project located in the heart of the prolific Southern British Columbia porphyry belt.

The Amarillo project consists of 10 mineral claims encompassing over 6,200 hectares within a producing porphyry camp. It is situated just 10 kilometres south of the past-producing Brenda mine, 35 kilometres east of Kodiak Copper's MPD project and roughly 60 kilometres northeast of the Copper Mountain mine.

Note: Readers are cautioned that the geology of nearby properties is not necessarily indicative of the geology of the company's properties.

Previous initial drilling campaigns at Amarillo (totalling 2,416 metres over eight holes) confirmed the presence of a substantial, multiphase alkalic porphyry system. Notably, peripheral drilling intersected extensive intervals of highly anomalous copper, zinc, molybdenum, silver and gold. The strong geochemical relationship between copper and precious metals suggests a mineralizing system comparable with the Copper Mountain deposit rather than a pure molybdenum-copper Brenda type. Subsequent VTEM surveys have highlighted compelling targets, including the Big Fir anomaly, which points toward a buried, mineralized intrusive body that remains completely untested.

Troubadour is currently synthesizing historical geological mapping, soil geochemistry and the VTEM data to refine targets across the expansive Trench anomaly and the Big Fir target. The company is formulating an aggressive, systematic exploration program designed to vector into the high-grade heart of the porphyry system. Further updates regarding exploration timelines, and permitting will be provided in short order.

"We believe that the highest near-term value creation opportunity lies at Amarillo," said Zachary Kotowych, chief executive officer and director of Troubadour Resources. "The copper market is experiencing unprecedented structural tightness, with prices holding firm amid surging demand from electric vehicles, renewable energy infrastructure, AI data centres and global grid modernization. Supply deficits are projected to widen significantly through 2026 and beyond. Amarillo represents a compelling alkalic porphyry target in a Tier 1 jurisdiction with existing infrastructure, where limited historical drilling has already demonstrated copper, molybdenum, gold and tungsten mineralization. We are excited to mobilize field crews immediately and fast-track drill targeting."

As a result of the company's decision to concentrate its resources and exploration efforts on Amarillo, the company will not be moving forward with the Senneville project and will permit the option to lapse.

Adopts semi-annual reporting

Troubadour 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. 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 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 ended 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.

Qualified person

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

About Troubadour Resources Inc.

Troubadour is a North American mineral acquisition and exploration company focused on the development of quality critical mineral and precious metal properties that are drill-ready with high upside and expansion potential. Based in Vancouver, B.C., Troubadour trades on the TSX Venture Exchange under the symbol TR, on the OTC market under the symbol TROUD, and on the Frankfurt, Berlin and Tradegate stock exchanges under the symbol A3DBDE.

We seek Safe Harbor.

© 2026 Canjex Publishing Ltd. All rights reserved.