Green Bridge Metals Sets October Spud for Phase 2 at Titac, With Scoping Study Slated for Late 2027
Published on 09/23/2026 at 18:30 | Editorial boerse-global.de
Green Bridge Metals is lining up a second round of diamond drilling at its Titac project in Minnesota, with rigs expected to mobilise in early-to-mid October 2026. The company has already cleared the regulatory hurdle: St. Louis County approved 14 drill pad locations, and the underlying exploration plan remains valid through 1 April 2028.
The campaign will concentrate on the Titac North area, where six to seven holes are planned for a combined 2,500 to 3,000 metres. Collars will be spaced roughly 100 metres apart, with target depths running between 400 and 600 metres.
Twin objectives: extend titanium, test for copper and vanadium
Two goals sit at the heart of the programme. The first is to potentially push the known Titac South resource northward. The second is to assess copper and vanadium potential so those metals can be folded into an updated resource estimate. Core samples will also be assayed for nickel, cobalt and platinum group metals, and the resulting technical data are intended to underpin a possible preliminary economic assessment down the road.
That work builds on the geological picture assembled during the completed Titac drill phase, which sharpened the company's understanding of the deposit and bolstered confidence in the geological model for Titac South.
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The 195-metre intercept that anchors the model
Among the standout results so far is hole TS26-004a, which cut 195.0 metres grading 0.25% copper and 10.18% titanium dioxide. Within that long interval, the company identified a higher-grade core carrying richer concentrations of both metals. Exploration hole TS26-007 added further colour, probing a previously untested geophysical feature and returning vanadium pentoxide alongside copper and titanium dioxide.
Earlier, on 27 May 2026, initial core drilling confirmed broad copper mineralisation at Titac South tied to oxidised ultramafic intrusions. Taken together, these results form the basis for systematically tracing the mineralised corridors in the upcoming programme.
Funding in place after summer raise
Green Bridge Metals secured the financial footing for the next steps during the summer. On 30 July 2026, it closed a placement of 32,006,000 units at C$0.125 each, generating gross proceeds of C$4,000,750. Every unit comprised one common share and one warrant; the warrants are exercisable at a fixed C$0.155 until 30 July 2029. Proceeds are earmarked for executing Phase 2 and keeping the company on track for a maiden scoping study, targeted for completion by the end of 2027.
Resource base and market snapshot
The starting point for the new holes is the Titac South deposit. A NI 43-101 technical report dated 18 September 2024 outlines an inferred, pit-constrained resource of 45.1 million tonnes averaging 15% titanium dioxide. That category covers mineral resources for which economic viability has not yet been demonstrated.
On the equity side, the explorer carries a market capitalisation of EUR 11.48 million, with the stock quoted at EUR 0.0508 — roughly 26% above its 52-week low of EUR 0.0402. Whether the mineralisation continues to the north, and whether additional metals can be confirmed, now rests on what the October drill turn brings to surface.
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