Green Bridge Metals Wins 14 Drill Permits at Titac as Copper and Vanadium Enter the Resource Conversation

St. Louis County approved 14 drill pads for Green Bridge Metals' Titac titanium-copper-vanadium project in Minnesota, valid through April 2028.

Green Bridge Metals has locked in the regulatory runway for its next round of exploration at the Titac titanium-copper-vanadium project in Minnesota, with St. Louis County granting full approval for 14 drill pads. The permits, confirmed on Wednesday, give the company room to manoeuvre on follow-up holes and additional exploration work through April 2028.

The news lands against a soft patch for the stock. Shares changed hands at EUR 0.0508 on the day of the permit disclosure, a decline of 1.6%, while a separate session saw the equity print at EUR 0.0482 for a 6.6% drop. That weakness tracks a broader retreat across Canadian exploration names, with copper, silver and gold all giving ground during September. Traders are also pricing in further Federal Reserve rate hikes, weighing the prospect of US tariffs on refined copper, and digesting firmer oil prices tied to Middle East tensions.

Two Rigs, Six Holes, One Step-Out

Field logistics are already mapped out. A Cascade sonic unit will handle casing installation, after which a Foraco rig takes over for diamond core drilling. Both are slated to mobilise between early and mid-October 2026.

The Phase 2 campaign at Titac North comprises six holes spanning 2,500 to 3,000 metres. Its twin objectives are to extend the existing inferred titanium resource at Titac South northward and to probe a fresh exploration target at Titac East. Both are grounded in earlier geophysical inversion modelling.

What the First Phase Delivered

The geological case rests on drill results reported roughly two weeks ago out of Minnesota, which shored up confidence in the Titac South model. Hole TS26-004a cut a mineralised interval of 195.0 metres grading 0.25% copper and 10.18% titanium dioxide. A second hole, TS26-007, tested a previously untried geophysical target and returned 12.0 metres at 0.20% copper and 0.15% vanadium pentoxide — confirmation that mineralisation exists within the anomaly picked up by the survey.

Those assays carry weight beyond titanium. The company wants to determine whether copper and vanadium can be folded into a revised resource estimate, a move that would sharpen the project's economics. Metallurgical test work is planned to support that reclassification, with a possible preliminary economic assessment targeted for completion by the end of 2027.

Valuation Hangs on the Drill Bit

With permits secured through April 2028, management has planning certainty for the campaigns ahead. Against a market capitalisation of EUR 11.48 million, investor attention now shifts to execution. Whether the geological expectations for Titac North hold up will be settled by the cores still sitting in the ground.