Wallbridge Mining Co Ltd Expands 2026 Exploration and Technical Studies Programs

Toronto, February 17 , 2026 – Wallbridge Mining Company Limited (TSX: WM, OTCQB: WLBMF) today announced the launch of its fully funded 2026 exploration and technical studies programs. The initiative is anchored by the commencement of drilling at the company’s 100 % owned Fenelon Gold Project in northwestern Québec, marking a significant step in advancing the project’s resource potential and positioning Wallbridge as a focused player in advanced base metals within Canada.

Key Program Highlights

  • Initiation of Drilling at Fenelon: The first phase of drilling is set to begin immediately, with a target to establish a maiden resource estimate by the third quarter of 2026. This aggressive timetable reflects the company’s confidence in the geological potential of the site.
  • Comprehensive Technical Studies: In addition to drilling, the program includes detailed geotechnical, metallurgical, and environmental assessments to refine the project’s commercial viability.
  • Full Funding Commitment: Wallbridge has secured the necessary capital to support the full breadth of the program, ensuring uninterrupted progress without reliance on external financing during the critical early stages.

Strategic Context

Wallbridge’s focus on advanced base metals aligns with the broader industry trend toward critical minerals, underscored by the company’s recent participation in the BMO Global Metals, Mining & Critical Minerals Conference in Hollywood, Florida (February 22‑25 , 2026). CEO Brian Penny will present the firm’s strategic direction on Wednesday, February 25 at 1:15 PM Eastern Time, with a webcast and presentation materials made available on the company’s website.

The timing of the program launch coincides with a broader narrative of Canadian mining companies ramping up exploration activity in response to growing demand for critical metals. Wallbridge’s dedicated focus on the Canadian market, coupled with its deep expertise in acquisition and exploration, positions it well to capitalize on this momentum.

Market Reception

The market has responded positively to the announcement. On the Toronto Stock Exchange, Wallbridge’s shares closed at CAD 0.09 on February 17 , 2026, within a 52‑week range that peaked at CAD 0.14 on January 25 , 2026 and bottomed at CAD 0.05 on May 28 , 2025. With a market capitalization of approximately CAD 103.7 million, the company remains a small-cap entity but is poised for substantive upside as exploration milestones are achieved.

Forward‑Looking Outlook

While the company’s price‑earnings ratio remains negative at –9.18, reflecting its current exploration‑centric stage, the initiation of a fully funded program and upcoming conference presentation signal a clear path toward resource development. Wallbridge’s commitment to advancing the Fenelon project, coupled with its strategic engagement in industry forums, suggests a deliberate move toward establishing itself as a key contributor to Canada’s advanced metals supply chain.

Investors and stakeholders should monitor the progress of the drilling program and the forthcoming technical reports, which will provide critical insight into the project’s economic potential and inform future capital allocation decisions.