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Hercules Silver Corp.
BADEFBasic MaterialsOTCCA
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0.66% CuEq over 177 Meters at the Edge of Large MT Conductivity Anomaly - Step-Out Drilling Underway New Mineralized Center: HER-25-25 has intersected alteration and veining consistent with the outer margins of a new porphyry center, with step-out drilling underway to vector towards the causative porphyry intrusion. Distinct Style: The style of mineralization is distinct from that at Leviathan, with a greater proportion of quartz vein-hosted mineralization and stronger grades than would typically be observed on the margins of the Leviathan system.
Toronto, Ontario--(Newsfile Corp. - May 20, 2026) - Hercules Metals Corp. (TSXV: BIG) (OTCQB: BADEF) (FSE: C0X) ("Hercules Metals" or the "Company") is pleased to announce that it has closed its previously announced bought deal private placement Offering (as defined below) of 53,353,000 common shares of the Company (each, a "Common Share") at a price of C$0.59 per Common Share (the "Offering Price") for gross proceeds of approximately C$31.5 million. Pursuant to the Offering, the Company issued 36,353,000 Common Shares at the Offering Price for gross proceeds of C$21,448,270 under the Listed Issuer Financing Exemption (as defined below) (the "LIFE Offering") and 17,000,000 Common Shares at the Offering Price for gross proceeds of C$10,030,000 pursuant to available prospectus exemptions other than the Listed Issuer Financing Exemption (the "Concurrent Offering" and together with the LIFE Offering, the "Offering").
Not for distribution to U.S. news wire services or dissemination in the United States. TORONTO, May 06, 2026 (GLOBE NEWSWIRE) -- Hercules Metals Corp. (TSXV: BIG) (OTCQB: BADEF) (FRA: C0X) (“Hercules Metals” or the “Company”) is pleased to announce that due to strong demand, it has entered into an agreement with BMO Capital Markets and SCP Resource Finance as joint bookrunners (the “Underwriters”) to increase the size of its previously announced brokered private placement (the “Concurrent Offering”).
Not for distribution to U.S. news wire services or dissemination in the United States. TORONTO, May 05, 2026 (GLOBE NEWSWIRE) -- Hercules Metals Corp. (TSXV: BIG) (OTCQB: BADEF) (FRA: C0X) (“Hercules Metals” or the “Company”) is pleased to announce that it has entered into an agreement with BMO Capital Markets and SCP Resource Finance as joint bookrunners (the “Underwriters”), under which the Underwriters have agreed to buy on a bought deal basis by way of private placement (pursuant to the Listed Issuer Financing Exemption (as defined below)), 27,861,000 common shares of the Company (the “Common Shares”), at a price of C$0.59 per Common Share (the “Offering Price”) for gross proceeds of approximately C$16.4 million (the “LIFE Offering”).
Hercules Silver Corp. (OTCMKTS:BADEF - Get Free Report)'s share price was up 4% during mid-day trading on Thursday. The stock traded as high as $0.5099 and last traded at $0.5099. Approximately 51,495 shares changed hands during trading, a decline of 80% from the average daily volume of 263,558 shares. The stock had previously closed
Longest Interval to Date, Now Being Extended Further Downhole, Beginning at a True Depth of 150 m Below Surface Assays to 842.65 m depth for drill hole HER-25-18 have been received, returning the longest interval to date at Hercules: 670.44 m of 0.45% Cu, 4.0 g/t Ag, 95 ppm Mo including 212.81 m of 0.67% Cu, 10.2 g/t Ag, 128 ppm Mo Represents a 200 m step-out southwest of recently reported drill hole HER-25-15, which intersected 420.62 m of 0.60% Cu, 6.0 g/t Ag, 65 ppm Mo. Hole now being extended beyond 842.65 m as part of the 2026 campaign.
Long-Term Exploration Rights with Purchase Optionality – An eight-year lease provides full exploration rights, including drilling, with a clear pathway to acquire a 100% interest. Strategic Land Consolidation – If exercised, adds approximately 1,473 acres of private land, including both surface and mineral rights, contiguous with the Company's Pegasus Target.
Phase I Drill Plan – An initial 12,500 m first phase of drilling has commenced at the Hercules Property, testing five new target areas shown in Figure 2, all of which lie along trend from the Leviathan copper system. Upon completion of this phase and evaluation of results, the Company anticipates expanding to a total of 20,000 to 30,000 m.
New Protocols Implemented to Accelerate Turnaround of Drill Results 2026 Drilling Campaign Underway - Drilling has commenced at the Hercules Property for the 2026 exploration season. The program is designed for 20,000 to 30,000 m of drilling, focused entirely on expanding the Leviathan copper system along strike, representing roughly double the meters drilled to date and targeting larger, stronger MT geophysical anomalies identified along trend.
