Vancouver, British Columbia — December 18, 2025 — Leads & Copy — Perseverance Metals Inc. (TSXV: PMI) has expanded its land position in the Upper Peninsula of Michigan, leasing 1,286 hectares of mineral titles from Keweenaw Land Association Ltd.
The agreement increases Perseverance Metals’ holdings in the region to 69,275 hectares (over 690 square kms). The Keweenaw leases are part of the company’s Voyageur project, located approximately 70 kilometers west of Lundin Mining’s Eagle nickel-copper-precious metals mine.
The Eagle mine is currently the only operating nickel mine in the United States. Perseverance Metals has identified numerous drill targets analogous to the Eagle mine within the Voyageur project land package and plans to begin drill testing in the first half of 2026.
“We are very pleased to be able to add such a strategically important land position to the most highly prospective areas within the Voyageur project area. Consolidating our holdings around our top priority drill targets is crucial, as it allows us the flexibility to rapidly advance these projects post-discovery,” said Michael J. Tucker, CEO and Director of Perseverance Metals.
Assay results from the summer/fall drill program at the Lac Gayot Project in Quebec are still pending. This includes results from multiple massive sulphide intersections drilled at the Baseline discovery, reported in November 2025. The company will report the full results from the Lac Gayot 2025 program after they are received and interpreted.
In other news, Perseverance Metals announced the results of its Annual General Meeting of shareholders held on December 05, 2025, in Vancouver, B.C. A total of 9,545,655 common shares, representing 33.2% of the company’s issued and outstanding common shares, were voted in connection with the AGM. All matters presented for approval were approved unanimously or by a substantial majority of the votes cast.
Shareholders unanimously approved the election of Michael Joseph Gray, Andrew Kaip, Filip Papich, Edie Ellen Thome, and Michael John Tucker as Directors of the company, to hold office until the next AGM. Shareholders also voted 100% in favor of the appointment of De Visser Gray as Auditor and 93.9% in favor of the company’s Equity Incentive Plan.
Perseverance Metals’ critical minerals project portfolio is strategically positioned in key North American Ni-Cu-Co-PGE and hard rock lithium regions, including Québec’s James Bay district and Michigan’s Mid-Continent Rift.
Perseverance’s exploration assets include:
i) the Lac Gayot high-grade Ni-Cu-Co-PGE and lithium pegmatite project, which covers the entirety of the Venus Greenstone Belt in Québec, featuring multiple, very high-grade Ni-Cu-Co-PGE showings and numerous large spodumene-bearing pegmatites with consistent, high lithium grades in channel sampling;
ii) the Voyageur Ni-Cu-Co-PGE project which covers 680km2 of the Upper Peninsula in Michigan, 70 kilometres west of the only producing nickel mine in the United States, and
iii) the Armit Lake Ni-Cu-Co project, which is the consolidated and underexplored western half of the nickel- and gold-rich Savant Lake Greenstone Belt in Ontario.
Michael J. Tucker, CEO and Director of Perseverance Metals, and John Foulkes, President, can be reached at +1 (778) 834-3528 (mtucker@perseverancemetals.com) and +1 (604) 614-2999 (jfoulkes@perseverancemetals.com) respectively.
Source: Perseverance Metals
