Total Metals Accelerates Exploration at the Electrolode Critical Minerals Project and Provides Update on Loan to Kattegat Mining Inc.
Total Metals Accelerates Exploration at the Electrolode Critical Minerals
Project and Provides Update on Loan to Kattegat Mining Inc.
February 9, 2026, Toronto, ON - Total Metals Corp. (“Total Metals” or the “Company”) (TSX-V: TT)
(OTCQB: TTTMF) (FSE: O4N) is pleased to announce the mobilization of an additional diamond drill
rig at its 100% owned Electrolode Critical Minerals Project in the prolific Red Lake mining district of
Ontario. Building on the momentum of our 5,500-metre winter drill program launched in late January
2026, the additional 2 nd rig will expand the program scope and accelerate testing of high-priority
electromagnetic (EM) conductors and historical high-grade zones across the property’s 6-kilometre
mineralized trend.
This expansion allows the Company to simultaneously advance exploration at the Arrow Zone;
targeting continuity with the adjacent Garnet Zone, while initiating systematic testing of complex
litho-structural targets and potential gold bearing cross structures identified through recent 3D
inversion modeling elsewhere on the property.
Update on Loan Agreement to Kattegat Mining Inc.
The Company further advises that on February 6, 2026, it formally terminated the loan agreement
with Kattegat Mining Inc. that was announced on January 14, 2026, and has decided not to proceed
with funding the loan. The Company is currently evaluating other opportunities consistent with its
business objectives and will provide shareholders with an update in due course should any material
transaction or development arise.
Update on i2i Marketing Group LLC engagement
The Company wishes to clarify disclosure and provide updated terms on its engagement with i2i
Marketing Group LLC (“i2i”) that was announced on January 29, 2026:
Total has entered into a 30-day media services agreement (the “i2i Agreement”) with i2i that
commences on February 15, 2026. Pursuant to the terms of the i2i Agreement, i2i will provide the
Company with marketing services, including social media management, content creation,
distribution, digital marketing, digital advertising, and other marketing services as agreed upon by
the Company and i2i (collectively, the “i2i Services”). The i2i Services will be distributed via email
and on popular investor platforms. The Company will pay i2i total consideration of US$250,000 for
the i2i Services. For clarity, unless extended and approved by the TSXV, the term of the i2i Agreement
is expected to end on March 17, 2026.
Kailyn White and Joseph Grubb will provide the i2i Services to the Company on behalf of i2i and may
be contacted at [email protected]. i2i’s business address is 1107 Key Plaza, Suite 222, Key West,
Florida 33040. The Company will not issue any securities to i2i as compensation. Both i2i and its
principals are arm’s length to the Company and do not have any direct or indirect interest in the
Company or its securities, nor do they have any right to acquire such an interest.
I2i Marketing Group LLC is a marketing firm that specializes in direct response, experiential, and
investor-awareness campaigns, particularly for publicly-traded junior mining companies engaged in
exploration and development activities.
Qualified Person
Robert Penczak, M.Sc., P.Geo (Ontario), Vice President of Exploration for the Company and a
Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific
and technical information used in this news release.
About Total Metals Corp.
Total Metals Corp. is focused on its 100% owned Electrolode Project covering over 3,300 contiguous
hectares in northwestern Ontario. The Electrolode Project is targeting high-potential critical mineral
plus gold resources and targets in three favorable geologic trends, located near major mines in the
Red Lake Gold camp and is strategically located between Kinross Gold’s Great Bear Project and First
Mining Gold’s Springpole Project. The Electrolode Project is fully permitted for exploration drilling
and hosts 10 historic mineralized zones with significant expansion potential plus new, untested
targets ready for further exploration. Total Metals also owns 100% of the High Lake and West Hawk
Lake Project covering 958 hectares in two gold properties located along the Trans-Canada Highway
straddling the Manitoba / Ontario border. The Purex Zone on the High Lake property has significant
exploration potential and will be the primary target for initial exploration and potential future mining
activities. The West Hawk Lake property is comprised of a single mineral lease, located within
southeastern Manitoba.
www.totalmetalscorp.com
Cautionary Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in its
policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.
Tyler Thorburn
President and Chief Executive Officer
(416) 873-7662
Forward-Looking Information
This press release includes “forward-looking information” that is subject to assumptions, risks and
uncertainties, many of which are beyond the control of the Company. Statements in this news
release which are not purely historical are forward looking. Although the Company believes that any
forward-looking statements in this news release are reasonable, there can be no assurance that any
such forward-looking statements will prove to be accurate. The Company cautions readers that all
forward-looking statements, are based on assumptions none of which can be assured and are
subject to certain risks and uncertainties that could cause actual events or results to differ materially
from those indicated in the forward-looking statements. Such forward-looking statements represent
management’s best judgment based on information currently available. Readers are advised to rely
on their own evaluation of such risks and uncertainties and should not place undue reliance on
forward-looking statements.
The forward-looking statements and information contained in this news release are made as of the
date hereof and no undertaking is given to update publicly or revise any forward-looking statements
or information, whether as a result of new information, future events or otherwise, unless so required
by applicable securities laws or the TSX-V. The forward-looking statements or information contained
in this news release are expressly qualified by this cautionary statement.