Transition Metals Corp.
Company Data
| Introduction
| Projects in Hand
| Management
News Update
| Chinese
| Address ： |
9C – 1351 Kelly Lake Road Sudbury, ON Canada P3E 5P5 |
| Tel No.： | 705-669-1777 |
| Web Site： | www.transitionmetalscorp.com |
| E-mail： | info@transitionmetalscorp.com |
| Contact Person： | Scott McLean |
| Position： | President, CEO & Co-Founder |
| Traded Market： | TSX-V |
| Traded Symbol： | XTM |
| Outstanding Shares： | ~71.73 million |
| 52 Week High： | $ 0.11 |
| 52 Week Low： | $ 0.025 |
| Present Price： | Click Here |
Transition Metals Corp. is a Canadian-based, multi-commodity explorer. The award-winning team of geoscientists has extensive exploration experience which actively develops and tests new ideas for discovering mineralization in places that others have not looked, often allowing the Company to acquire properties inexpensively. Joint venture partners earn an interest in the projects by funding a portion of higher risk drilling and exploration, allowing Transition to conserve capital and minimize shareholder's equity dilution.
Transition Metals is currently focused on advancing two of its critical minerals projects in Canada: Pike Warden (Yukon) and Saturday Night (Ontario).
Pike Warden Gold-Silver-Copper Project, Yukon
Transition Metals' 100-per-cent-optioned Pike Warden project, located 65 kilometres south of Whitehorse, Yukon, within the traditional territory of the Carcross/Tagish First Nation, is an emerging polymetallic epithermal gold-silver and porphyry copper property.
The Project encompasses a combination of historic and recently discovered high-grade polymetallic occurrences, with bedrock and scree sampling across the property returning highlight values up to 11,270 g/t Ag, 48.1 g/t Au, 7.49% Cu, 59.6% lead (Pb), 2.37% Mo and 2.61% zinc (Zn). Furthermore, maiden drilling at the ERT zone in 2022 returned percussion samples with highlight values up to 468 g/t Ag, 0.19 g/t Au, 163.5 parts per million (ppm) Cu and 1,150 ppm Zn over 1.5-metre sample intervals (see news release dated Jan. 16, 2023).
Mineralization on the property appears to be spatially associated with large-scale structures, particularly at intersection nodes. Concentric structures interpreted as caldera collapse features are intruded by porphyritic ring dikes of the Bennett Lake volcanic complex. A second prominent structural trend identified are northeast-trending structures trending across the property, believed to relate to a broader regional caldera collapse hinge zone. A combination of overlapping higher-temperature alteration styles, metal zonation, and zones of increased vein and fracture density appear to indicate that a mineralizing porphyry copper system(s) are exposed at varying erosional levels, interpreted to be controlled or bounded by the caldera collapse structures.
Targeting work completed during the summer, 2025, field season has outlined 17 drill-ready targets across four of the five mineralized prospective areas previously identified at the project. Work to date has outlined the potential for both large copper porphyry and epithermal gold-silver systems on the property.
2025 Summer Program:
- Geophysics: 8.9 line kilometres (km) of ground IP (induced polarization) surveying over portions of Copper Junction and Copper North target areas. The program successfully refined areas of reduced resistivity highlighted by the 2024 airborne ZTEM survey (see news release dated Aug. 22, 2024). Results also highlighted a broad zone of elevated chargeability/resistivity adjacent to mapped exposures of porphyry-style copper mineralization east of the Copper North target area;
- Mapping and sampling: Following up on zones highlighted from previous programs, 64 additional rock samples were collected, with hosting of prospective mineralization. All samples were submitted to ALS Chemex for multi-element base and precious metal analysis. Results from this sampling work are pending. To date, approximately 1,900 rock and soil samples have been collected, returning elevated concentrations of gold (Au), silver (Ag), copper (Cu) and molybdenum (Mo). More than 25 polymetallic showings have discovered to date, yielding exceptional assays, including values up to 48.1 g/t Au, 11,270 g/t Ag, 7.49% Cu and 2.37% Mo;
- Target definition: Integration of geophysics, high-density LiDAR (light detection and ranging), orthophoto analysis and structural analysis has outlined five large-scale prospective areas: three potential porphyry Cu-Mo system centres and two epithermal Au-Ag system centres. A total of 17 drill-ready targets have been identified within the Copper Junction, Copper North, ERT and Golden Saddles areas. An initial drill program will assess one to three of these targets while seasonal drilling conditions persist.
(See news release dated September 9, 2025)
Saturday Night Platinum Group Metals (PGM) Project, Ontario
Transition Metals' 100%-owned Saturday Night project, located 30 kilometres northwest of Thunder Bay, Ontario, is an emerging critical metals property. The project features a large PGM-enriched polymetallic intrusion related to the Midcontinental Rift. Discovered by the Company in 2016, the Company has completed three drill holes to date, each intersecting encouraging mineralization. The initial hole (SN-16-01) intersected 6.25 m grading 1.07 g/t PGEs (Au plus Pt plus Pd), including 0.30 m at 4.0 g/t PGM, 0.56% Cu and 0.19% Ni (see news release dated Jan. 23, 2017).
Additional geophysics and modelling since the initial discovery has expanded the footprint of the host intrusion, which was further tested with two additional holes drilled in January, 2025, returning encouraging mineralization within hole SN-25-02, including 14.00 metres at 1.04 g/t PGEs and 0.19% Cu (see news release dated March 26, 2025).
Hole SN-25-03, which intersected a thick package a rift intrusion inclusive of reef-style mineralization, however, to stay within budget, the hole was terminated at a depth of 830 metres, before being able to reach the ultramafic series and basal contact, where mineralization was anticipated. These results compare favourably with early stage drilling which was conducted at Sunday Lake (see news release dated May 5, 2020), affirming the Saturday Night the project's strong upside potential.
Current plans focused on deepening hole SN-25-03 and conducting additional drilling to test the basal contact of the intrusion, where thicker accumulations of high-grade basal sulphides are anticipated.
Management and Directors
Scott McLean, P.Geo., President & Chief Executive Officer, Co-Founder & Director
Mr. McLean has over 30 years of experience in exploration and management, including 23 years with Falconbridge Limited. His work resulted in the discovery of the over 15 million tonnes Nickel Rim South deposit in Sudbury, Ontario. For his role in this discovery, he was named the Prospector of the Year in 2004 by the Prospectors and Developers Association of Canada. As CEO, Mr. McLean is responsible for establishing the business and administrative framework for corporate management and developing corporate vision. He is the liaison for corporate communication between management, the Board, investors, and the public. He manages capital structure and financing of the Corporation and ensures the Corporation maintains high standards of ethics, corporate citizenship and social responsibility. He is also an Executive Director of SPC Nickel Corp. and President of McLean Exploration Management Inc.
Greg Collins, P.Geo., Chief Operating Officer & Co-Founder
Mr. Collins has over 25 years of experience in gold and base metals exploration, project generation, resource estimation, mine planning and operations, and management. He is also the CEO of Canadian Gold Miner Corp., a private gold exploration company.
Carmelo Marrelli, CPA, Chief Financial Officer
Mr. Marrelli is the principal of The Marrelli Group of Companies. He acts as the chief financial officer to a number of issuers on the TSX, TSX Venture Exchange, and CSE, as well as non-listed companies, and as a director of select issuers.
Bill Stormont, MBA, Business Development
Mr. Stormont is a capital markets executive who has worked within a number of capacities including institutional equity buy and sell side roles, an equity analyst and institutional equity salesperson with ABN Amro Bank NV, as a European equity fund manager with Henderson Global Investors (now Janus Henderson) in London, UK, and as investor relations roles in Canada. He is a director of QXMC, the Klahoose First Nation's economic development arm, and has worked with indigenous groups to cultivate stakeholder relationships.
Thomas Atkins, MBA, Director
Brian Montgomery, LL.B, Director
Jason Marks, P.Eng., MBA, Director
Jordan Black, P.Eng., Director
Ashley Kirwan, ICD.D, P.Geo., Director
On March 30, 2026, Transition Metals Corp**.** reported the results related to its relogging and additional sampling activities around historic core from its 100% owned Gowganda Gold Project ("the Property", "the Project"), situated along the regional Ridout-Tyrrell Deformation Zone within the prolific Abitibi Greenstone Belt, Ontario.
Relogging and additional sampling has identified multiple wide zones of gold (Au) mineralization exceeding 0.5 g/t Au enveloping previously drilled, but unreported high-grade intersections. Highlights include:
-
GTHM-20-035 intersected 30.10m of 0.77 g/t Au, including 22.85m of 0.97 g/t Au, which includes sub-intervals of 2.00m of 2.10 g/t Au, 4.65m of 0.81g/t Au, 3.60m of 1.54 g/t Au, and 2.85m of 2.76 g/t Au,
-
GTHM-20-034 intersected 23.00m of 0.51 g/t Au, including 17.00m of 0.64 g/t Au, and including 7.00m of 1.20 g/t Au
-
GTHM-20-033 intersected 14.14m of 0.55 g/t Au, including 8.14m of 0.79 g/t Au, and including 2.14m of 2.71 g/t Au
Commenting on the results, CEO Scott McLean stated, "The success of IAMGOLD's 20 Moz Côté Gold development project has renewed the level of exploration and development activity along the Ridout Structure. This resurgence of activity has led us to revisit one of the company's initial gold discoveries in the historic Gowganda silver camp. Our recent relogging and sampling efforts support the presence of a much broader gold system than previously recognized, with continuous mineralization in altered host rocks and an extensive swarm of syenite dykes extending well beyond the historic high-grade intervals. This emerging system-scale potential, together with our improved understanding of structural controls, will help guide more effective exploration targeting as we advance the Project."
On March 02, 2026, Transition Metals Corp. has vested a 100-per-cent interest in the Pike Warden property, a porphyry-epithermal exploration asset located in southern Yukon. This acquisition consolidates the company's control over the property and positions it for continued exploration activities and partnering opportunities. The company will seek a partner to more aggressively explore the large mineralized system opportunity.
"This acquisition represents an important step in expanding Transition Metals' portfolio of high-quality exploration assets," said Scott McLean, chief executive officer of Transition Metals. "The Pike Warden property has strong exploration potential, and the work carried out by Transition to date has identified over 30 high-grade Au-Ag epithermal and Cu-Mo porphyry showings, which together with the geophysical and mapping data demonstrate a large porphyry and epithermal mineralizing system."
On February 25, 2026, Transition Metals Corp. announced that it will exhibit at the 2026 Prospectors & Developers Association of Canada ("PDAC") conference in Toronto, Ontario, from March 1-4, 2026.
Transition will showcase its' project portfolio and will be available to meet with investors, strategic partners, and industry participants throughout the convention. Attendees are invited to visit Transition in the Investors Exchange at Booth #2126 at the Metro Toronto Convention Centre.
Transition President & CEO Scott McLean commented: "PDAC is an important venue for building relationships and advancing business development initiatives. We are always interested in connecting with groups looking for high-quality Canadian exploration opportunities, and to discuss partnership structures that can advance projects while preserving shareholder leverage. We look forward to renewing our existing industry partnerships and developing new ones during PDAC."
On January 27, 2026, Transition Metals Corp. disclosed the assay results from drilling completed in December 2025 at its 100%-owned Saturday Night PGE Project, located approximately 30 kilometres north of Thunder Bay, Ontario (see news release dated November 10, 2025). The program saw the extension of hole SN-25-03-X beyond the basal contact, plus the addition of two new holes (SN-25-04 and SN-25-05), totaling a combined 1,463 metres. All holes intersected broad intervals of PGE-Ni-Cu mineralization occurring along the basal contact of the Saturday Night layered intrusion.
Commenting on the results, CEO Scott McLean stated, "We are very encouraged by the thick sequences of differentiated Mid-Continental Rift (MCR) intrusion we have drilled at Saturday Night, with the growing footprint of the mineralizing system we are defining. We see similarities to the proximal phases to the higher-grade sequences we previously encountered at our nearby Sunday Lake discovery, where historic drilling in 2019 returned values including 41.20m of 5.51 g/t 3E PGE and 0.57% Cu, including a higher-grade interval of 8.30m of 13.06 g/t 3E PGE and 1.23% Cu in hole SL-19-26. These results reinforce our interpretation that Saturday Night represents a large, fertile magmatic system and further supports its potential to host higher-grade mineralization similar to that identified at Sunday Lake."
On January 22, 2026, Transition Metals Corp. is discussing key accomplishments in 2025, and has outlined its plans and value catalysts for 2026. Against the backdrop of improved market sentiment and broader commodity strengths, Transition's diversified, Canada-focused portfolio provides multiple paths for value creation, and management believes that 2026 will be an active year for both exploration execution and portfolio advancement.
Commenting, chief executive officer Scott McLean stated: "Looking ahead to 2026, we are optimistic about continued progress as investor sentiment and activity across the sector strengthen. With a more constructive commodity market and renewed investor interest in the junior mining sector, we believe we are well positioned to unlock value across our portfolio of projects, investments and royalty interests. Our focus this year is to advance exploration at priority assets while expanding our investor outreach in the United States. The Transition Metals team is looking forward to a year of growth and value creation, driven by steady exploration execution and continued progress across our portfolio."
On November 11, 2025, Transition Metals Corp. completed the private placement.
Financing type: non-brokered private placement
Gross proceeds: $758,132.925
Offering: 10,108,439 flow-through listed shares
Offering price: 7.5 cents per flow-through listed share
Commissions in securities: 409,006 finders' warrants
Commission terms: Each non-transferable warrant is exercisable at 12 cents for an 18-month period.
Disclosure: Refer to the company's news releases dated Sept. 22, 2025, Sept. 29, 2025, Oct. 2, 2025, and Nov. 10, 2025.
On November 10, 2025, Transition Metals Corp. has resumed drilling at the company's 100-per-cent-owned Saturday Night project, located approximately 30 kilometres northwest of Thunder Bay, Ont. The program is designed to follow up on encouraging results reported earlier in the year that returned assays up to 1.44 grams per tonne platinum, 0.90 g/t palladium, 0.21 g/t gold (collectively 2.55 g/t 3E platinum group metals) along with 0.12 per cent nickel and 0.46 per cent copper within a 14.00-metre interval grading 1.04 g/t 3E PGM and 0.19 per cent Cu (see Transition Metals' news release of Feb. 28, 2025, and March 26, 2025). The new drilling will target additional zones along the basal contact of the Saturday Night intrusion to further assess the PGM-nickel-copper potential of this large, critical-element-enriched system. A ground magnetotellurics survey conducted by Transition in 2019 indicated that the Saturday Night intrusion appears open in all directions, potentially extending to a depth of up to 1,000 metres (see Transition Metals' news release of May 6, 2019).
Chief executive officer Scott McLean commented: "Our goal with this program is to build on our previous exploration work at Saturday Night and extend hole SN-25-03, as well as test additional basal contact targets. SN-25-03 ended within a thick sequence of rift-related gabbro, the same unit that hosts the longest and highest-grade intercepts at our nearby Sunday Lake discovery. This program aims to expand the footprint of mineralization and refine our understanding of the basal cumulate geometry and its potential to trap sulphide mineralization. We are excited to test this highly prospective target and look forward to updating the market once assays are returned."
October 14, 2025, Transition Metals Identifies Four New Polymetallic Showings at Pike Warden Project, Yukon, Including Samples Returning >10,000 ppm Silver and 3.4% Molybdenum
October 6, 2025, Drilling Initiated at Transition Metals' Polymetallic Pike Warden Project, Yukon
October 2, 2025, Transition Metals Corp. announced that it has closed its previously announced non-brokered private placement (the “Offering”). The Offering consisted of 10,108,439 critical flow through shares (“CFT Shares”) at a price of $0.075 per CFT Share for aggregate proceeds of $758,133.
September 30, 2025, Transition Metals Corp. Upsizes Critical Flow Through Financing to $743,133
September 22, 2025, Transition Metals Corp. Announces a $700,000 Private Placement
September 9, 2025, Transition Metals Defines Multiple Drill-Ready Copper Porphyry and Epithermal Gold-Silver Targets at Pike Warden