Green Bridge Metals Activates Twin Drilling Campaigns as Serpentine Gets Green Light and Titac Delivers Copper Results
Published on 07/03/2026 at 15:55 | Redaktion boerse-global.de
The Vancouver-based explorer has shifted into a higher gear, with its two Minnesota projects now simultaneously active. The Minnesota Department of Natural Resources has approved the exploration plan for the flagship Serpentine copper-nickel project, while assays from the Titac project continue to reveal a polymetallic deposit that stretches well beyond the historical titanium focus.
Serpentine Drilling to Start in August 2026
The environmental nod unlocks a first-phase drill programme of at least 1,640 metres of diamond core, to be executed by Foraco International — a contractor already familiar with the ground from its work at Titac. The holes will target zones that can add geological confidence to parts of the existing mineral resource, and the company also plans to test for cobalt and platinum group metals, elements not yet included in the current resource calculation.
Serpentine, located 5.5 kilometres southeast of Babbitt in the Duluth Complex, hosts an indicated resource of 21.6 million tonnes grading 0.46% copper and an inferred resource of 279.9 million tonnes at 0.37% copper and 0.12% nickel. Management intends to deliver a preliminary economic assessment within 18 months of the start of drilling.
CEO David Suda described the approval as validation of the project's strategic importance, adding that disciplined technical work reduces uncertainty and builds confidence in the resource base — a prerequisite for future development decisions.
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Titac Assays Confirm Broader Potential
While Serpentine moves toward the drill bit, Titac is already yielding results. All six holes from the first drill programme intersected wide zones of copper, titanium dioxide and vanadium pentoxide. The first three holes encountered copper-bearing sulphide mineralisation directly adjacent to titanium-rich layers, reshaping the narrative around what was historically viewed as a pure titanium deposit.
The company sees the remaining assay data as a starting point and plans an extension hole to test the true scale of the deposit. The polymetallic nature — titanium alone rarely excites broad investor interest, but copper and vanadium plug into defence and battery supply chains — has drawn fresh attention to the asset.
Financial Position Supports Parallel Work
Green Bridge Metals enters this dual-drill phase with roughly C$4 million in cash, enough to cover metallurgical testing, geophysical surveys and both drilling programmes through to the end of 2026 without tapping the equity market. The company has also announced a separate placement of up to C$4 million, providing additional flexibility as it moves forward on both fronts.
The company can earn up to a 70% interest in the Serpentine deposit under its option agreement, and the DNR approval now clears the path for systematic advancement.
Stock Performance Reflects News-Driven Nature
Shares jumped 7.78% to €0.10 on the approval news, recovering some ground after a weak stretch. The stock had lost nearly 20% over the prior 30 days and 7% over the past week. Still, it remains more than 50% below its February high of €0.23, while sporting a year-to-date gain of over 50%.
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The annualised volatility of 75.67% underscores the micro-cap's binary reaction to headlines. With the relative strength index at 38.4, there is no sign of overheating — rather, room to run if further catalysts materialise.
What Lies Ahead
Foraco will begin turning the drill bit at Serpentine in August 2026, and results from the Titac extension hole are expected to follow. Assay updates and progress reports from both projects are likely to dominate the narrative for the rest of the year. Green Bridge Metals has effectively switched from a waiting game for permits to a simultaneous drilling campaign across two Duluth Complex properties — a shift that could redefine the company's trajectory in a region increasingly critical to US supplies of strategic minerals.
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