V Ten Metals Corp. (TSXV: VTEN | OTCQB: VTNMF) has released an update on its Tanami Property in the Northern Territory of Australia, confirming continued progress under its exploration farm-in and joint venture agreement with a wholly owned subsidiary of Newmont Corporation. The 1,237 sq km property covers four semi-contiguous exploration licences in the Tanami Desert, roughly 450 km northwest of Alice Springs. Investors may be watching the project's prospect ranking study, which is expected to conclude during the December 2026 quarter.

Key Points

  • V Ten Metals Corp. (TSXV: VTEN | OTCQB: VTNMF) provided an operational update on its Tanami Property in Northern Territory, Australia
  • Newmont's subsidiary has incurred approximately $330,000 toward the $500,000 option period expenditure requirement under the farm-in JV signed in May 2024
  • A new consolidated tenement, EL 34507, was issued on 26 August 2026 following amalgamation of the JV portions
  • A project-wide prospect ranking and evaluation study is expected to be completed in Q4 2026

Newmont Expenditure Progress and New Tenement Formation at Tanami

The release states that Newmont's subsidiary has incurred expenditures of approximately $330,000 since the farm-in agreement was signed in May 2024, working toward the $500,000 option period expenditure requirement due by 26 August 2028. In accordance with the agreement, the tenement portions under the JV have been separated and amalgamated to form a new single tenement, EL 34507, which was formally issued on 26 August 2026. This consolidation represents a structural milestone in advancing the formal JV framework governing exploration on the property.

Prospect Ranking Study Underway Across the 1,237 sq km Property

V Ten Metals disclosed that a project-wide prospect ranking and evaluation study is currently in progress across the Tanami Property. The company expects this work to be completed during the December 2026 quarter. The release states the outcomes will be used to guide future exploration planning and prioritisation. The property, which covers Ni-Cu-PGE-Au targets, is situated adjacent to Newmont's Granites Mine, a location the company highlights as strategically significant for exploration potential in the broader Tanami District.

Qualified Person Sign-Off and Technical Disclosure

D. Blair Way, B.Sc., P. Geo., CEO and President of V Ten Metals, is identified as the Qualified Person as defined under National Instrument 43-101. The release states that Way approved and supervised the preparation of the technical information contained in the announcement. The immediate share price impact was not clear from available public information. The company is listed on the TSX Venture Exchange and trades on the OTCQB marketplace under the symbol VTNMF.