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    Bitterroot Pentagon funding: drilling and geophysics lens for nickel project teams

    September 16, 2026|

    Reviewed by Joe Ashwell

    Bitterroot Pentagon funding: drilling and geophysics lens for nickel project teams

    First reported on MINING.com

    30 Second Briefing

    Bitterroot Resources’ shares jumped 82% to C$0.15 after its US subsidiary Trans Superior Resources secured US$5.22 million from the US Department of War to fund up to 50% of eligible exploration at the LM nickel-copper project in Michigan’s Baraga basin. The non-dilutive grant will support a 15–20 hole core drilling campaign in Q4, with 500–700 m holes targeting an interpreted magma conduit at 400–700 m depth, well below previous 300 m drilling. Borehole EM and additional geophysics will refine targets as partners chase the source of earlier high-grade massive sulphide fragments.

    Technical Brief

    • Pentagon award covers 50% of eligible LM exploration costs, including drilling, geophysics, geochemistry and permitting.
    • Funding also reimburses labour, equipment and travel, materially lowering JV cash burn per drilled metre.
    • Trans Superior operates LM with 51% JV interest; Below Exploration retains the remaining 49% stake.
    • Historic LM work totals 7,565 m across 26 core holes, previously limited to ~300 m depth.
    • Ten earlier holes intersected disseminated to massive Ni-Cu-PGE sulphides within an interpreted magma conduit structure.
    • New programme’s 15–20 core holes are planned for the December quarter, contingent on permitting and mobilisation.
    • LM lies in Michigan’s Baraga basin, the same district as Talon Metals’ Eagle nickel-copper mine.
    • Bitterroot also owns 49.9% of the Voyageur Lands Ni-Cu exploration JV with Altius Minerals, indicating regional portfolio optionality.

    Our Take

    With Bitterroot’s market capitalisation at about C$18.3 million and a 49.9% interest in the Voyageur Lands nickel/copper exploration JV, any material discovery in Michigan’s Baraga basin could have an outsized impact on valuation compared with larger peers like Talon Metals that already feature more heavily in our US nickel pipeline coverage.

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    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

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