Mike Fagan,
Editor
May 7, 2026
GreenLight Metals Inc. (TSX-V: GRL)(OTC: GRLMF) — currently trading around C$0.40 per share in a strong metals market — has reported initial assay results from its ongoing 2026 Phase-2 drill program at the flagship, 100%-owned Bend copper-gold VMS project in Wisconsin’s Penokean Volcanic Belt.
Highlights from the first reported hole include a broad intercept of 30.7 meters grading 1.05% copper and 1.34 grams per tonne (g/t) gold, including a higher-grade core of 14.9 meters at 1.95% copper and 1.58 g/t gold.
Results from that first hole confirm the down-dip extension of high-grade copper-gold mineralization encountered during last year’s Phase-1 program.
Notably, visual sulfide mineralization has now been intersected in all four holes drilled thus far in the current multi-rig campaign.
GreenLight Metals CEO Matt Filgate — whom you’ll hear from next in our exclusive interview — commented on the drill-bit momentum unfolding at Bend:
“Hole B26-007 continues to show continuity in both grade and thickness below hole B25-004, returning 30.7 meters of 2.49% CuEq including 14.9 meters of 3.65% CuEq. Every hole drilled in Phase-2 to date has intersected significant VMS mineralization, and the massive to semi-massive sulfide lenses logged in B26-008, B26-009, and B26-010 tell us the system continues to build along strike to the east. With two rigs turning and pending assays on three holes, GreenLight is positioned to continue advancing the Bend Project through the Phase-2 program as the copper market continues to strengthen.”
Early Phase-2 results continue to reinforce the geological model at Bend with mineralization remaining open in multiple directions as GRL works toward a modern resource estimate supported by broad intercepts and consistent sulfide mineralization that point to a cohesive, scalable VMS system.
In addition to copper, gold, and silver, Bend hosts meaningful tellurium values — a designated critical mineral in the United States — enhancing the overall metals mix of the emerging system.
Broader District-Scale Opportunity
Beyond Bend, GreenLight is advancing its portfolio of high-grade copper, gold, and critical minerals projects across the same underexplored Penokean Volcanic Belt.
That includes the 100%-owned Reef gold-copper project and the Lobo and Lobo East VMS targets, adding meaningful discovery upside and long-term optionality to GRL’s emerging district-scale platform.
Reef offers a structurally hosted gold system with historic drilling and near-term follow-up potential, while Lobo and Lobo East represent high-grade VMS targets supported by historical drilling and strong geophysical signatures.
Together, these assets support a multi-project strategy aimed at establishing a district-scale copper-gold-critical metals platform in a Tier-1 US jurisdiction that has only recently reopened to modern exploration.
With copper trading within striking distance of all-time highs above US$6/lb and gold trading north of US$4,700/oz, GreenLight Metals is systematically defining a high-grade, multi-metal system — all at a sub-C$40 million market cap.
As promised, our own Gerardo Del Real of Junior Resource Monthly caught up with GreenLight Metals CEO Matt Filgate to discuss the strong start to Phase-2 drilling at Bend and much more. Please enjoy!
For additional information on GreenLight Metals Inc., please call 778-679-3579 or email matt@greenlightmetals.com.
Visit the GreenLight Metals corporate website and sign up to receive updates directly from the company here. View the most recent Corporate Presentation here.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
Click here to see more from GreenLight Metals Inc.
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