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Storm Exploration’ flagship is the Gold Standard project in northwestern Ontario, about 65 km north of Fort Frances, being advanced for VMS-style copper, zinc, and potentially gold mineralization centred on a 5 km conductivity anomaly. The company also holds the Kheezik and Atwood projects as secondary assets. The conversation focused on the upcoming Gold Standard drill program, the historic Inco work that first identified mineralization in 1969 and 1970, financing options, and the cash inflow still owed from the Miminiska sale to Canadian Goldfields.

TL;DR

Bruce told us they’re targeting a 10 to 15 hole, 2,000 to 3,000 metre drill program at Gold Standard kicking off in mid to late July 2026, contingent on the drill permit landing (60 day government window, expected by early July). The target is a 5 km long, 50 to 100 metre wide conductivity anomaly identified in a 2022 VTEM survey that lines up with four shallow Inco “Winkie drill” holes from 1969 to 1970 that hit semi-massive to massive sulphides over up to 21 metres but were never assayed because Inco was looking for nickel only. Holes are planned at 200 to 300 metres depth at roughly C$250 per metre, putting the program at around C$750,000 all-in. Storm is a roughly C$5 to 6 million market cap with only 21 million shares outstanding. Bruce is actively considering a raise before drilling, likely combining hard dollar and charity flow-through given European interest. The last Miminiska option payment of C$787,000 in stock and C$525,000 in cash arrives November 13, 2026. First assays expected late August 2026. A “win” in the first program is half a percent copper over tens of metres with zinc credits, not necessarily a home run.

What have they done for shareholders lately?

Submitted the drill permit for Gold Standard to the Ontario government. Engaged Notaween and Nigigoonsiminikaaning First Nations for drill contractor bidding. Permitted a corridor along the entire 5 km conductor allowing flexibility in hole placement. Closed the Miminiska sale to Canadian Goldfields earlier this year, which is the source of the November 2026 payment. Held a meeting with a former Inco geologist in Thunder Bay who confirmed Inco walked away from the four 1969 to 1970 holes because they were nickel-focused, not because the holes lacked merit. Engaged Soar Financial for social media and marketing support. Completed a marketing trip to Europe.

How much money do they have and what are they spending it on?

Specific cash position was not stated. The Gold Standard drill program will cost roughly C$750,000 (2,000 to 3,000 metres at C$250 per metre all-in). Bruce explicitly said he’s actively considering a raise before drilling, likely combining hard dollar and charity flow-through given a strong premium on the latter and existing European demand. The C$787,000 in stock and C$525,000 in cash from Canadian Goldfields arrives November 13, 2026, this being the final option payment. Storm owns 100 percent of all three projects with no outstanding option payments owed. Bruce confirmed he has deferred salary still owed to him but is prioritizing capital into the ground over getting paid. Marketing spend will rise but Bruce wants to keep it disciplined.

Upcoming catalysts

Technical: Pre-drill field crews mobilising imminently for ground geophysics, soil sampling, prospecting, and mapping (early June 2026); drill permit expected from Ontario government by early July 2026; drilling targeted to start mid to late July 2026; first assay results from Gold Standard expected late August 2026; field work at Kheezik and Atwood through 2026 to prepare them as backup drill targets, with Atwood property reduction (currently 22,000 hectares) targeted toward a 50 percent cut. Operational: 10 to 15 hole, 2,000 to 3,000 metre Gold Standard drill program through July and August. Corporate: Possible financing before drilling, potentially combining hard dollars and charity flow-through; final Miminiska option payment of C$787,000 stock and C$525,000 cash due November 13, 2026; potential synergies with Canadian Goldfields on shared camp infrastructure or drill access if timing aligns; possible expanded marketing campaign with Soar Financial.

Risks

Drill permit is not yet in hand and any delay would push the entire program back. The four historic Inco Winkie drill holes are thin data (each only about thumb thickness and 35 to 40 metres maximum effective depth), with no assays and only hand-drawn maps and shorthand geological logs from 55 years ago. The 5 km strike length is large and the first 10 to 15 holes may not find the sweet spot even if the system is real. Bruce explicitly said the drill program could end up showing “a lot of pyrite” and become a “curiosity,” in which case Storm pivots to Kheezik. With a C$5 million market cap, any raise would be dilutive. Liquidity is thin with only 21 million shares outstanding and about 6.5 million traded since January 2026. The 60 day permit window from the Ontario government has not yet closed, and any field service or drill contractor bottlenecks during a busy summer could cascade timing delays. There is no Canadian Goldfields cash inflow until mid-November 2026, leaving any near-term funding to be sourced from the market.

Storm Exploration CEO Interview

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