22:23:33 EST Mon 09 Feb 2026
Enter Symbol
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Total Metals Corp
Symbol TT
Shares Issued 58,808,088
Close 2026-02-06 C$ 0.61
Market Cap C$ 35,872,934
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ORIGINAL: Total Metals Accelerates Exploration at the Electrolode Critical Minerals Project and Provides Update on Loan to Kattegat Mining Inc.

2026-02-09 14:11 ET - News Release

(via TheNewswire)

Total Metals Corp.
 

February 9 , 2026 – TheNewswire - Toronto, ON - Total Metals Corp. (“ Total Metals ” or the “ Company ”) ( TSX-V: TT ) ( OTCQB : TTTMF ) ( FSE : O4N ) is pleased to announce the mobilization of an additional diamond drill rig at its 100% owned Electrolode Critical Minerals Project in the prolific Red Lake mining district of Ontario. Building on the momentum of our 5,500-metre winter drill program launched in late January 2026, the additional 2nd rig will expand the program scope and accelerate testing of high-priority electromagnetic (EM) conductors and historical high-grade zones across the property’s 6-kilometre mineralized trend.

This expansion allows the Company to simultaneously advance exploration at the Arrow Zone; targeting continuity with the adjacent Garnet Zone, while initiating systematic testing of complex litho-structural targets and potential gold bearing cross structures identified through recent 3D inversion modeling elsewhere on the property.

Update on Loan Agreement to Kattegat Mining Inc.

The Company further advises that on February 6, 2026, it formally terminated the loan agreement with Kattegat Mining Inc. that was announced on January 14, 2026, and has decided not to proceed with funding the loan. The Company is currently evaluating other opportunities consistent with its business objectives and will provide shareholders with an update in due course should any material transaction or development arise.

Update on i2i Marketing Group LLC engagement

The Company wishes to clarify disclosure and provide updated terms on its engagement with i2i Marketing Group LLC (“i2i”) that was announced on January 29, 2026:

Total has entered into a 30-day media services agreement (the “i2i Agreement”) with i2i that commences on February 15, 2026. Pursuant to the terms of the i2i Agreement, i2i will provide the Company with marketing services, including social media management, content creation, distribution, digital marketing, digital advertising, and other marketing services as agreed upon by the Company and i2i (collectively, the “i2i Services”). The i2i Services will be distributed via email and on popular investor platforms. The Company will pay i2i total consideration of US$250,000 for the i2i Services. For clarity, unless extended and approved by the TSXV, the term of the i2i Agreement is expected to end on March 17, 2026.

Kailyn White and Joseph Grubb will provide the i2i Services to the Company on behalf of i2i and may be contacted at contact@i2illc.com. i2i’s business address is 1107 Key Plaza, Suite 222, Key West, Florida 33040. The Company will not issue any securities to i2i as compensation. Both i2i and its principals are arm’s length to the Company and do not have any direct or indirect interest in the Company or its securities, nor do they have any right to acquire such an interest.

I2i Marketing Group LLC is a marketing firm that specializes in direct response, experiential, and investor-awareness campaigns, particularly for publicly-traded junior mining companies engaged in exploration and development activities.

Qualified Person

Robert Penczak, M.Sc., P.Geo (Ontario), Vice President of Exploration for the Company and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information used in this news release.

About Total Metals Corp.

Total Metals Corp. is focused on its 100% owned Electrolode Project covering over 3,300 contiguous hectares in northwestern Ontario. The Electrolode Project is targeting high-potential critical mineral plus gold resources and targets in three favorable geologic trends, located near major mines in the Red Lake Gold camp and is strategically located between Kinross Gold’s Great Bear Project and First Mining Gold’s Springpole Project. The Electrolode Project is fully permitted for exploration drilling and hosts 10 historic mineralized zones with significant expansion potential plus new, untested targets ready for further exploration. Total Metals also owns 100% of the High Lake and West Hawk Lake Project covering 958 hectares in two gold properties located along the Trans-Canada Highway straddling the Manitoba / Ontario border. The Purex Zone on the High Lake property has significant exploration potential and will be the primary target for initial exploration and potential future mining activities. The West Hawk Lake property is comprised of a single mineral lease, located within southeastern Manitoba.

www.totalmetalscorp.com

Cautionary Statements

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in its policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.

Tyler Thorburn

President and Chief Executive Officer

info@totalmetalscorp.com

(416) 873-7662

Forward-Looking Information

This press release includes “forward-looking information” that is subject to assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements in this news release which are not purely historical are forward looking.  Although the Company believes that any forward-looking statements in this news release are reasonable, there can be no assurance that any such forward-looking statements will prove to be accurate. The Company cautions readers that all forward-looking statements, are based on assumptions none of which can be assured and are subject to certain risks and uncertainties that could cause actual events or results to differ materially from those indicated in the forward-looking statements. Such forward-looking statements represent management’s best judgment based on information currently available. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward-looking statements.

The forward-looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the TSX-V. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

 

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