A.I.S. Resources' Saint John Copper/Gold/Antimony Project Gets TSXV Acceptance
MWN-AI** Summary
A.I.S. Resources Limited (TSXV: AIS, OTC-Pink: AISSF) has secured acceptance from the TSX Venture Exchange for its September 2025 earn-in agreement with Riversgold Ltd. (ASX: RGL), enabling AIS to acquire up to a 75% stake in the Saint John IOCG/Porphyry Project in New Brunswick, Canada. The company’s CEO, Marc Enright-Morin, expressed enthusiasm about advancing the project, which is considered a potential IOCG/porphyry system.
As part of the agreement, AIS will issue 2,860,000 shares at $0.05 per share to Riversgold. To earn a 51% interest, AIS must invest CAD $400,000 in Year 1 for initial exploration activities, including drone surveys and drilling, followed by an additional $1 million for Year 2 drilling. To achieve a 75% interest, AIS is required to spend CAD $3 million over the next two years on drilling and early development.
The Saint John Project spans 101 km² in a Tier-1 mining jurisdiction, conveniently located 20 km west of Saint John and 50 km from the U.S. border, with robust infrastructure support. Geological evaluations reveal promising results, with surface samples from the Little Lepreau Prospect reporting gold up to 41.6 g/t and antimony over 1%.
For the next steps, AIS plans to extend drone MobileMT and induced polarization surveys across the project area, with a budget of approximately CAD $300,000, while also commencing a maiden 2,000-meter drilling program at Little Lepreau in 2025/2026. The project not only highlights opportunities in precious metals but also positions AIS favorably in the energy transition and critical mineral sectors.
MWN-AI** Analysis
A.I.S. Resources Limited (TSXV: AIS, OTC-Pink: AISSF) has recently achieved a significant milestone by gaining TSXV acceptance for its earn-in agreement with Riversgold Ltd. for the Saint John Copper/Gold/Antimony Project. This development is poised to enhance AIS's value proposition, as it positions the company to leverage the growing demand for copper, gold, and critical minerals.
The project’s geographical advantages cannot be overstated, sitting in a Tier-1 mining jurisdiction with strong local infrastructure, making operational logistics more manageable and cost-effective. The planned expenditures of CAD $4.4 million over four years underline AIS's commitment to unlocking the project’s potential. The robust initial drilling results at notable prospects like Little Lepreau and Prince of Wales highlight promising mineralization, which could translate into viable economic returns.
Given the strategic nature of these commodities, particularly in the context of energy transition and sustainability, AIS appears to be well-aligned with market trends. Investors should consider the potential upside in copper and precious metals as global economies increasingly pivot towards greener technologies that require such resources. The share issuance to Riversgold at a low price of $0.05 suggests a favorable entry point for shareholders if the exploration efforts yield positive results.
However, caution is warranted. The agreement includes provisions for Riversgold's free-carried interest and potential NSR if dilution occurs. This, combined with the inherent risks of exploration and development, means that while there are exciting prospects ahead, investors should balance enthusiasm with an assessment of risks.
In summary, A.I.S. Resources stands on the cusp of potentially transforming its standing in the mining sector. For investors, this project represents a speculative, yet potentially rewarding opportunity, warranting close monitoring of upcoming drilling and exploration results.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
VANCOUVER, British Columbia, Feb. 13, 2026 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSXV: AIS, OTC-Pink: AISSF) (“AIS” or the “Company”) is pleased to announce it has received TSXV Exchange acceptance for the September 15, 2025 earn-in agreement with Riversgold Ltd. (ASX: RGL) (“Riversgold”), granting AIS the right to acquire up to a 75% interest in the new Saint John IOCG/Porphyry Project located in New Brunswick, Canada (the “St. John Project”).
AIS CEO, Marc Enright-Morin commented, “Now that we have received Exchange acceptance we are excited to move forward with this unique opportunity to advance a possible IOCG/porphyry system.”
Additional Information Regarding Transaction Terms:
- Upon TSXV acceptance AIS shall issue 2,860,000 shares at $0.05 per share to Riversgold.
- To earn 51% of the St. John Project, AIS shall spend:
- Year 1: CAD $400,000 on early exploration, including drone MobileMT surveys, IP survey, and 1,000 meters of approved drilling.
- Year 2: CAD $1 million additional drilling.
- To earn 75%, AIS shall spend:
- Year 3-4: CAD $3 million on drilling and early development work.
- Riversgold will retain a 25% free-carried interest through to the decision to mine.
- If at any time Riversgold’s interest is diluted below 10%, its interest shall be converted to a 2% NSR. AIS shall have the right to purchase the NSR for $1 Million per 1%.
- Riversgold is party to an underlying option agreement wherein Riversgold may earn a 100% interest in the St. John Project by paying:
- $25,000 in cash and an additional $35,000 in cash &/or shares of Riversgold upon closing of the underlying option agreement (PAID)
- $25,000 in cash and an additional $35,000 in cash &/or shares of Riversgold on the first anniversary of closing (PAID)
- $25,000 in cash and an additional $35,000 in cash &/or shares of Riversgold on each of the second through fourth anniversaries of closing.
- In the event that Riversgold receives a default notice from the optionors of the underlying agreement Riversgold shall immediately notify AIS. AIS shall have the right to rectify the default. Any payments made by AIS to the optionors shall be applied toward AIS’ earn in expenditures.
- The underlying option agreement is subject to a 2% Gross Smelter Return royalty (GSR) payable to the underlying optionors. AIS shall have the right to purchase the GSR for $1 Million per 1%.
- AIS is at arms’ length to both Riversgold and the underlying optionors.
About the Saint John Project:
The Saint John Project is a district-scale IOCG/porphyry exploration target providing strategic exposure to gold and silver (precious metals), copper (energy transition metal), and antimony (critical mineral).
The project covers 101 km² in a Tier-1 mining jurisdiction. Located just 20 km west of Saint John, New Brunswick and 50 km from the U.S. border, the project benefits from exceptional infrastructure, including highways, rail, deep-water port, power stations, and a skilled local workforce.
Riversgold have released multiple press releases on the Australian Stock Exchange over the past year as they have moved this project up the value chain. Geological results were previously disclosed by Riversgold in press releases on ASX dated January 29, 2025 and April 9, 2025. Refer to www.riversgold.com.au
Geological Highlights:
Little Lepreau Prospect
- Roadside Quary surface samples: Gold up to 41.6 g/t, Silver up to 1,600 g/t, Copper up to 7.64%, Antimony >1%.
- Magnetic data received from the high resolution 25 metre line spaced survey has delineated multiple magnetic low response areas that bear a similar magnetic signature to the Roadside Quarry mineralization.
- Maiden drilling (2,000m) approved for 2025.
Prince of Wales Prospect
- surface samples: Gold up to 11.4 g/t, Silver up to 1,050 g/t, Copper up to 10.55%, Lead up to 18.85%.
Hideaway Prospect
- surface samples: Gold up to 1.7 g/t, Silver up to 8 g/t, Copper up to 2.01%.
Next Steps:
- Expand drone MobileMT + IP surveys across the whole project and refine drill targets (~CAD $300,000 budget).
- Commence 2,000m maiden RC/DD drill program at Little Lepreau in 2025/2026.
Figure 1 - Saint John Project (Source of Map: Riversgold press release on ASX dated April 9, 2025)
Figure 2 – Prince of Wales roadside cutting with exposed mineralization (Source of Map: Riversgold press release on ASX dated January 29, 2025)
Figure 3 – Little Lepreau Roadside Quarry Prospect (Inset 1) - Sample Grades (Source of Map: Riversgold press release on ASX dated April 9, 2025)
Figure 4 - Hideaway Prospect (Inset 2) - Sample Grades (Source of Map: Riversgold press release on ASX April 9, 2025)
Figure 5 - Price of Wales Prospect (Inset 3) - Sample Grades (Source of Map: Riversgold press release on ASX dated April 9, 2025)
Technical information in this news release has been reviewed and approved by Mr. Edward Mead, who is a Qualified Person under the definitions established by the National Instrument 43-101 and who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Mead is a director of Riversgold Ltd and a consultant to Riversgold through Doraleda Pty.
About A.I.S. Resources Limited
A.I.S. Resources Limited is a publicly traded company listed on the TSX Venture Exchange. The company focuses on natural resource opportunities, aiming to unlock value by acquiring early-stage projects and providing the necessary technical and financial support to develop them. AIS is guided by a seasoned team of engineers, geologists and finance professionals with a proven record of success in capital markets.
On Behalf of the Board of Directors,
A.I.S. Resources Limited
Marc Enright-Morin, CEO
Corporate Contact
For further information, please contact:
Marc Enright-Morin, CEO
T: +1-778-892-5455
E: [email protected]
Website: www.aisresources.com
ADVISORY: This press release contains forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligations 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. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/48c338b6-6f73-48a5-a481-5c10a5fc204d
https://www.globenewswire.com/NewsRoom/AttachmentNg/42629e14-de90-407c-aaca-9a1d8bb711f1
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https://www.globenewswire.com/NewsRoom/AttachmentNg/c568ef5c-ded4-4acf-bdb0-c4d777a80641
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FAQ**
What is the significance of the September 15, 2025, earn-in agreement between AIS Resources Ltd AISSF and Riversgold Ltd, and how does it impact AIS’s potential stake in the Saint John Project?
Can you provide details on the exploration and drilling plans for AIS Resources Ltd AISSF at the Saint John IOCG/Porphyry Project and their budget allocations over the first four years?
How does the 2% Gross Smelter Return royalty (GSR) affect the overall financial outlook for AIS Resources Ltd AISSF as they advance the Saint John Project?
What are the potential geological targets identified by AIS Resources Ltd AISSF through the recent surveys, and how do the mineral grades compare to industry standards?
**MWN-AI FAQ is based on asking OpenAI questions about A.I.S. Resources Limited (TSXVC: AIS:CC).
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