Prismo Metals Assigns Hot Breccia Copper Project to Blade Resources
Vancouver, British Columbia — February 27, 2026 — Leads & Copy —
Prismo Metals Inc. has agreed to assign its rights, interests, and obligations in the Hot Breccia copper project to Blade Resources Inc., according to a definitive assignment agreement. The transaction is expected to close around March 2, 2026, or another mutually agreed-upon date.
Under the agreement, Prismo will receive 6,755,000 common shares of Blade and a cash payment of $185,000. Upon completion of the transaction, Prismo will own approximately 24% of Blade’s issued and outstanding shares, making it Blade’s largest single shareholder.
Alain Lambert, CEO of Prismo, stated that Hot Breccia is a promising copper exploration opportunity in North America. He added that after considering options such as internal funding, partnerships, and collaborations, the company decided that partnering with Blade was the best approach. Lambert noted Blade’s strong track record in raising capital for exploration programs.
The transaction is expected to provide several strategic benefits, including value creation, access to capital, and strategic focus. Prismo will focus on its Silver King and Ripsey Gold projects in Arizona, while Blade will concentrate on advancing Hot Breccia. The potential for 100% ownership of Hot Breccia may also make Blade more attractive to strategic partners and buyers.
Prismo’s investment in Blade offers several potential pathways, including long-term holding, monetization, and distribution of shares to shareholders. The company is initially taking a long-term perspective, anticipating that successful development at Hot Breccia will significantly enhance shareholder value.
Under the terms of the transaction, Prismo has the right to nominate one representative to Blade’s board of directors. Prismo also has participation rights in future equity offerings, allowing it to maintain its ownership percentage in Blade.
Dr. Linus Keating, manager of Walnut Mines LLC, expressed strong support for the transaction, stating that it would help advance Hot Breccia toward a serious drill program in 2026. He also stated that the property is an excellent copper exploration opportunity in North America.
The Hot Breccia project is located in the Arizona Copper Belt, which hosts several significant porphyry copper deposits. Examples include Freeport McMoRan’s Miami-Inspiration mining complex, BHP’s San Manuel mine, and Rio Tinto and BHP’s Resolution deposit.
Prismo Metals Inc. is a mining exploration company focused on its Silver King, Ripsey, and Hot Breccia projects in Arizona, and its Palos Verdes silver project in Mexico.
Blade Resources is a private mining exploration company focused on development of North American copper and precious metals projects.
Prismo will file an early warning report in accordance with applicable securities laws, which will be available under Blade’s profile on SEDAR+ at www.sedarplus.ca . A copy of the early warning report may be obtained by contacting Gordon Aldcorn.
Source: Prismo Metals Inc.
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