Mike Fagan,
Editor
June 17, 2025
GreenLight Metals Inc. (TSX-V: GRL)(OTC: GRLMF) — currently trading around C$0.20 per share — has taken a major step forward in its 2025 exploration plans with the announcement that it has engaged Taconite Drilling LLC for its upcoming drill campaign at the flagship, 100%-owned Bend copper-gold project, Wisconsin.
Drill crews are expected onsite this week with Phase-1 drilling to begin shortly thereafter.
For investors new to the story, GreenLight Metals (“GRL”) is focused on advancing its portfolio of high-grade copper, gold, and critical minerals projects across Wisconsin’s historic yet underexplored Penokean Volcanic Belt — one of the most prospective VMS terrains in North America.
Flagship Bend Copper-Gold Project
Located in north-central Wisconsin, the 100%-owned Bend Project is GRL’s lead asset — a copper-gold VMS deposit with significant historical work and strong indications of resource expansion potential.
More than US$7.5 million has been spent historically at Bend, including 53 diamond drill holes totaling over 21,800 meters.
Historical intercepts include broad mineralized zones such as 67.69 meters grading 1.01% copper and 0.99 grams per tonne (g/t) gold with a higher-grade interval of 27.6 meters at 2.40% copper and 1.43 g/t gold.
A non-compliant historical resource of approximately 4 million tonnes grading 2% Cu and 2.3 g/t Au has been reported.
GreenLight Metals CEO Matt Filgate — whom you’re about to hear from directly in our exclusive interview coming right up — commented on the upcoming start to drilling at the flagship Bend project via press release:
“With Taconite engaged and our WDNR notice now filed, we are positioned to launch our maiden drill program at Bend and begin unlocking the potential we see in Wisconsin's Penokean Volcanic Belt. Taconite's regional expertise and proven track record in mineral exploration drilling make them an ideal partner for this important program. We look forward to testing our targets and building on the significant historical work completed to date.”
The Phase-1 program will consist of approximately 2,200 meters of drilling across 8 holes targeting step-outs along the eastern margin of the known Bend deposit.
The program is focused on a 40-acre tract of leased private minerals where all necessary permits are now in hand.
GRL is also evaluating the presence of high-grade tellurium — a critical metal used in solar panel manufacturing with early sampling returning average grades of 300-350 g/t.
Lobo / Lobo East Copper-Zinc Project
Situated roughly 25 miles from the world-class Crandon deposit, GRL’s 100%-owned Lobo and Lobo East projects present a compelling second front of exploration.
The original Lobo target was partially drilled in the late 1970s and early 1980s as part of regional work that ultimately led to the Crandon discovery. While Crandon became the main focus, 6 historical holes at Lobo intersected massive sulfide in every hole.
Highlights from historical drilling include 9.5 meters of massive sulfide grading 23% zinc, 1.7% copper, 1.9% lead, and over 1 g/t gold.
GreenLight controls the surface and mineral rights at Lobo and is in the process of preparing draft permits for submission to the Wisconsin Department of Natural Resources.
Lobo East is defined by a large VTEM-coincident gravity anomaly geophysically similar to the main Lobo zone and considered a high-priority near-surface target.
Drilling is anticipated to begin at Lobo and Lobo East in late 2025.
Reef Gold Project
GRL’s 100%-owned Reef project, also located in Wisconsin, is a structurally hosted gold system drilled previously in 2011-12. Although a secondary priority at present, the project is prospective for high-grade gold mineralization and adds another layer of optionality to GreenLight’s portfolio.
Historical work includes limited drilling and geologic mapping that support further follow-up.
Positioned for Near-Term Catalysts
GRL’s reactivation of exploration in Wisconsin follows the 2017 repeal of the state’s long-standing mining moratorium and reflects the region’s renewed openness to responsible development.
With a tight capital structure (~78M shares outstanding fully diluted; sub-C$20M market cap), key land access agreements in place, and a strong technical team, GRL is positioned to deliver meaningful results from its upcoming Bend drill program.
With near-record gold prices above US$3,400/oz and copper approaching all-time highs near US$5/lb, GreenLight Metals offers timely exposure to a high-grade US-based VMS district with a multi-asset pipeline and multiple near-term catalysts on the horizon.
For a far deeper dive, and as promised, our own Gerardo Del Real of Junior Resource Monthly caught up with GreenLight Metals CEO Matt Filgate to discuss the launch of Phase-1 drilling at the flagship Bend copper-gold project and much, 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.
IMPORTANT DISCLAIMER & DISCLOSURES
Resource Stock Digest, as a publisher, is not a broker, investment advisor, or financial advisor in any jurisdiction.
Please do not rely on the information presented by Resource Stock Digest as personal investment advice.
If you need personal investment advice, kindly reach out to a qualified and registered broker, investment advisor, or financial advisor.
The communications from Resource Stock Digest should not form the basis of your investment decisions. Examples we provide regarding share price increases related to specific companies are based on randomly selected time periods and should not be taken as an indicator or predictor of future stock prices for those companies.
GreenLight Metals Inc. has sponsored this report.
The information in this newsletter does not constitute an offer to sell or a solicitation of an offer to buy any securities of a corporation or entity, including U.S. Traded Securities or U.S. Quoted Securities, in the United States or to U.S. Persons. Securities may not be offered or sold in the United States except in compliance with the registration requirements of the Securities Act and applicable U.S. state securities laws or pursuant to an exemption therefrom.
Any public offering of securities in the United States may only be made by means of a prospectus containing detailed information about the corporation or entity and its management as well as financial statements. No securities regulatory authority in the United States has either approved or disapproved of the contents of any newsletter. Resource Stock Digest nor any employee of Resource Stock Digest is not registered with the United States Securities and Exchange Commission (the “SEC”): as a “broker-dealer” under the Exchange Act, as an “investment adviser” under the Investment Advisers Act of 1940, or in any other capacity. Resource Stock Digest, its owners, directors, and employees are also not registered with any state securities commission or authority as a broker-dealer or investment advisor or in any other capacity.
HIGHLY BIASED:
In our role, we aim to highlight specific companies for your further investigation; however, these are not stock recommendations, nor do they constitute an offer or sale of the referenced securities. Resource Stock Digest has received cash compensation from GreenLight Metals Inc. and is thus extremely biased. It is crucial that you conduct your own research prior to investing. This includes reading the companies' SEDAR and SEC filings, press releases, and risk disclosures. The information contained in our profiles is based on data provided by the companies, extracted from SEDAR and SEC filings, company websites, and other publicly available sources.
Resource Stock Digest, and its owners, directors, employees, and members of their households may own shares of GreenLight Metals Inc.. Therefore, Resource Stock Digest is extremely biased. Measures are in place such that no shares will be sold during the active awareness campaign.
HIGH RISK:
The securities issued by the companies we feature should be seen as high risk; if you choose to invest, despite these warnings, you may lose your entire investment. You must be aware of the risks and be willing to accept them in order to invest in financial instruments, including stocks, options, and futures.
NOT PROFESSIONAL ADVICE:
By reading this, you agree to all of the following: You understand this to be an expression of opinions and NOT professional advice. You are solely responsible for the use of any content and hold Resource Stock Digest, and all partners, members, and affiliates harmless in any event or claim. While Resource Stock Digest strives to provide accurate and reliable information sourced from believed-to-be trustworthy sources, we cannot guarantee the accuracy or reliability of the information. The information provided reflects conditions as they are at the moment of writing and not at any future date. Resource Stock Digest is not obligated to update, correct, or revise the information post-publication.
FORWARD-LOOKING STATEMENTS:
Certain information presented may contain or be considered forward-looking statements. Such statements involve known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in these statements. There can be no assurance that any such statements will prove to be accurate, and readers should not place undue reliance on such information. Resource Stock Digest does not undertake any obligations to update the information presented or to ensure that such information remains current and accurate.