Adelayde Exploration’s Strategic Expansion into New Brunswick’s Tungsten Frontier

Adelayde Exploration Inc. (CSE: ADDY; OTCID: SPMTF) announced on February 27 2026 that it has contracted New‑Sense Geophysics Ltd. (NSG) of Markham, Ontario, to execute a comprehensive work program on its Sisson North tungsten project in New Brunswick. The program will include a helicopter‑borne aeromagnetic, radiometric, and very‑low‑frequency (VLF) survey designed to delineate subsurface mineralization and refine the project’s exploration potential.

Project Context

  • Geographic Setting – Sisson North sits immediately adjacent to the established Sisson Tungsten Mine, a site that was recognized on November 13, 2025, by Canadian Prime Minister Mark Carney as one of the first “Nation‑Building Projects.”
  • Regional Significance – The proximity to Northcliff Resources Ltd., which recently secured approximately $29 million CAD in combined U.S. Department of Defense and Canadian Government funding, underscores the strategic importance of the area for critical‑mineral supply chains.

Executive Perspective

James Nelson, President of Adelayde, emphasized the company’s readiness and financial strength:

“The Company is well financed and excited to be hiring a geological team with experience in New Brunswick, as we begin working on the Sisson North Tungsten Project. Critical minerals, and tungsten in particular, have received increased attention in recent years as governments and industry seek to strengthen domestic supply chains and reduce reliance on foreign sources. This environment, as well as the rising price of tungsten, is driving renewed focus on domestic exploration and development.”

Nelson also highlighted concurrent initiatives:

  • The company entered a joint‑venture agreement in late January 2026 to explore the deepest sections of the only lithium brine basin in North America, located in Clayton Valley, Nevada, and surrounded by energy giant SLB (formerly Schlumberger).
  • He noted that lithium prices have nearly tripled since June 2025, providing additional momentum for Adelayde’s diversified critical‑mineral portfolio.

Market Snapshot

  • Close Price (2026‑02‑23): $0.07 CAD
  • 52‑Week Range: $0.04 – $0.20 CAD
  • Market Capitalization: ≈ $4.96 million CAD

These figures illustrate a company positioned at a low valuation point, offering a potential upside if exploration successes translate into asset development or partnership opportunities.

Forward Outlook

The engagement of NSG marks a concrete step toward validating the geologic potential of Sisson North. Should the survey yield favorable results, Adelayde could accelerate drilling plans, pursue additional financing, or negotiate joint‑venture arrangements similar to the lithium initiative. Investors will be watching the outcomes of the survey and any subsequent drill results closely, as they could set the tone for Adelayde’s trajectory in a market increasingly attentive to domestic critical‑mineral sources.