Abitibi Metals Extends High-Grade Zone at B26 With Step-Out Drilling

An update from Abitibi Metals ( (TSE:AMQ) ) is now available.

Abitibi Metals reported strong step-out drilling results at its B26 polymetallic deposit in Québec, highlighted by a key hole intersecting 1.81% copper equivalent over 15 metres, including 2.71% copper equivalent over 7 metres in the western down-plunge zone. These intercepts extend the high-grade Copper Stringer zone by about 300 metres beyond the current block model and confirm that mineralization remains open to the west, reinforcing B26 as a priority growth area for the company.

Additional step-out holes up to 350 metres from existing drilling encountered broad alteration halos and localized higher-grade copper equivalent values, indicating robust geological continuity and substantial exploration upside despite some grade variability. With more than 8,200 metres drilled so far this year, a third rig being added, and 40,000 metres of planned drilling for 2026, Abitibi is positioning B26 for meaningful resource expansion and quality upgrades that could enhance the project’s long-term value for stakeholders.

The most recent analyst rating on (TSE:AMQ) stock is a Sell with a C$0.57 price target. To see the full list of analyst forecasts on Abitibi Metals stock, see the TSE:AMQ Stock Forecast page.

Spark’s Take on AMQ Stock

According to Spark, TipRanks’ AI Analyst, AMQ is a Neutral.

The score is primarily held back by weak operating performance (no revenue, widening losses, and ongoing cash burn). A debt-free balance sheet and expanded equity/assets provide meaningful financial stability, but technical signals are soft (below short-term averages with weak momentum) and valuation support is limited due to a negative P/E and no dividend.

To see Spark’s full report on AMQ stock, click here.

More about Abitibi Metals

Abitibi Metals Corp. is a Canadian exploration company focused on advancing the B26 polymetallic deposit in Québec, primarily targeting copper-gold mineralization. The company operates the project through a joint venture with SOQUEM Inc., holding an 80% interest, and is pursuing aggressive drilling to grow resources and upgrade the deposit’s classification.

Average Trading Volume: 697,854

Technical Sentiment Signal: Buy

Current Market Cap: C$94.41M

For an in-depth examination of AMQ stock, go to TipRanks’ Overview page.