Adamera Minerals Corp. (ADZ:TSX.V) announced on February 18 that it identified a large-scale copper-gold target on its 100% owned South Hedley Copper Gold Project in southern British Columbia. The company stated that the target has the potential to transform the Max prospect into a district-scale copper-gold porphyry opportunity. The project is located between the historic Nickel Plate gold mine and the active Copper Mountain mine, and a Notice of Work has been submitted to facilitate induced polarization surveys and a subsequent drilling program later in the year.
According to the company, previous work at the Max and Glix prospects consisted of geophysical surveying, geochemical sampling, and prospecting that defined two gold and base metal targets. Data integration indicated that the Max prospect lies on the edge of a horseshoe-shaped geochemical anomaly, within which a two-square-kilometer magnetic anomaly suggests a possible buried diorite intrusion. Geological mapping indicated that the target appears to be covered by a barren volcanic tuff.
Mark Kolebaba, President and CEO of Adamera Minerals, stated in the news release, "The coincidence of strong copper gold geochemistry and a 3D inversion magnetic feature within a copper gold prospective corridor is precisely what we look for in a tier 1 exploration target." He added, "We have moved beyond the isolated Max Prospect to identifying a 2 square kilometre target with a geophysical signature suggestive of a buried dioritic intrusive."
The company reported that copper values from geochemical surveys reached up to 1,450 ppm, while gold values peaked at 1.61 g/t. Ground magnetic survey data showed a persistent magnetic high feature coherent below depths of 110 meters, interpreted as a possible buried diorite intrusion measuring approximately one by two kilometers. The strongest gold and copper anomalies were reported at the margins of this magnetic feature.
Adamera also stated that the Max prospect, previously identified through high gold and copper values in soil and rock, is now interpreted as the exposed southwest margin of a larger copper-gold system. Rocks containing alteration and sulphides below volcanic tuff cover were identified during soil sampling, and the distribution of these rocks will be mapped and sampled after snow melt in the spring.
The company further reported that it identified a second prospect on the property called the Glix Prospect, located approximately 15 kilometers from the Max target. Based on geological, geochemical, and geophysical data, the Glix target was described as comparable to a gold-bearing skarn environment similar to the Nickel Plate Mine, with results from a November program expected soon.
Copper and Gold Markets Reflect Geopolitical Pressures, Supply Constraints, and Price Volatility
A February 18 report from Mining.com, citing Benchmark Mineral Intelligence, examined structural dynamics in the copper market. Benchmark analyst Albert Mackenzie stated that "the US is producing more copper than it uses and is far more self-reliant than China in copper as a percentage," while also emphasizing that "the problem is that the US doesn't have the processing capacity." The report further noted that global demand trends were expected to drive long-term supply needs, with Benchmark estimating that 61 new copper mines would be required by 2030.
Reuters reported on February 18 that gold prices steadied as investors assessed geopolitical tensions and economic data, with Daniel Pavilonis of RJO Futures stating, "We're being whipsawed and moving sideways with volatility." He added that "tensions with Iran are supporting gold," reflecting the influence of geopolitical developments on market sentiment.
Kitco News wrote on February 19 that precious metals markets had remained relatively stable amid global uncertainty, stating that "precious metals markets are pausing late this week as the marketplace is focused on the U.S. firepower build-up in the Middle East." The report also noted that Federal Reserve meeting minutes had signaled inflation concerns, with policymakers indicating that interest rate increases could be considered if inflation remained above target levels.
Michael Ballanger wrote on February 20 that copper prices had recently moved above US$6.00 per pound before retreating from overbought conditions. He noted that prices had "shed nearly 15% since late January" and stated that while the market had not yet produced a buy signal, "it is probably safe to begin either building or buying back any of the names you sold into the December-January spike in prices."
Newell: "Precious Metals Markets Are Back In Motion"
1According to a February 11 analysis by John Newell of John Newell & Associates, Adamera Minerals Corp. was described as "a Speculative Buy." Newell wrote that "precious metals markets are back in motion, and when gold is working, investors inevitably start looking for leverage in smaller-capitalization companies," adding that "that's usually when past-producing districts, underexplored ground, and companies with real drill-ready targets begin to matter again."
Newell stated that the company had spent more than a decade assembling strategic land positions and advancing exploration targets, writing that "this is not greenfield exploration." He also described the company's operational focus, noting that "the company's strategy is straightforward: focus on high-grade, underground-style systems with small footprints, leverage existing infrastructure, and drill targets that can move the valuation quickly if successful."
Regarding project positioning, Newell wrote that "the Republic Gold District is one of the highest-grade gold camps in North America," and stated that Adamera's Flag Hill project "hosts an epithermal-style vein system." He also noted infrastructure advantages, writing that "a permitted 2,000-tonne-per-day mill owned by Kinross sits within the district on care and maintenance, alongside existing haul roads and power transmission lines."
Newell also discussed corporate structure and valuation, stating that "at a recent share price of approximately CA$0.10, Adamera Minerals Corp. carries a market capitalization of roughly CA$3.5–CA$4.0 million." He further noted that "by junior mining standards, this is a tight capital structure, particularly for a company with multiple drill-ready targets in a proven, high-grade district."
Permitting, Drilling Plans, and Project Development Activities
Adamera reported that a Notice of Work has been submitted for drill permitting at South Hedley, which covers a diamond drill program intended to test high-priority target areas. Also, the Notice of Work includes an induced polarization survey designed to map chargeability and resistivity at depth to help define sulphide mineralization and alteration distribution within the system. The company also stated that further analyses of existing samples and infill geochemical sampling will be completed to assist in vectoring within the mineralized system.
In a January 13 update, Adamera stated that its priority for the year was to finalize permitting and initiate drilling on at least five gold, copper, and silver targets across its land package in southern British Columbia and Washington State, with drilling scheduled to start by mid-year. The company noted that target generation had been completed across core assets, including South Hedley, where multiple emerging and drill-ready gold and gold-copper targets were identified.
Streetwise Ownership Overview*The company also reported financing activities that provided funding for exploration and administrative costs. On January 15, Adamera announced that the hard dollar portion of a non-brokered private placement was oversubscribed and increased to up to 18,200,000 units priced at US$0.055 per unit. Each unit consisted of one common share and one warrant exercisable at US$0.12 for a three-year period.
On January 30, the company reported it closed the hard dollar portion of the private placement, raising US$1,001,000 from the sale of 18,200,000 units. In addition, it had previously raised US$253,500 through a flow-through financing in December 2025. All securities issued were subject to a four-month hold period expiring on May 31.
Ownership and Share Structure2
Important Disclosures:
- Adamera is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.
- As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Adamera.
- James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
- This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.
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1. Disclosure for the quote from the John Newell article published on February 11, 2026
- For the quoted article (published on February 11, 2026), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.
- Author Certification and Compensation: [John Newell of John Newell and Associates] was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.
John Newell Disclaimer
As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.
2. Ownership and Share Structure Information
The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.
