$AMC.TO

Arizona Metals Files Technical Report Covering Preliminary Economic Assessment for Kay Mine Project

Arizona Metals (AMC.TO) has filed an independent technical report covering the preliminary economic assessment for the Kay Mine Project, the company said on Friday.There are no material differences in the technical report from the results of the PEA disclosed in a news release on April 30.The technical report is dated June 12, 2026, with an effective date of April 30, 2026.

Arizona Metals Downgraded to Hold at Stifel Canada Following Kay Mine PEA; Price Target Cut to C$0.35

Stifel Canada on Monday lowered its rating on the shares of Arizona Metals (AMC.TO) to hold from buy while cutting its price target to C$0.35 from C$1.50 following the company's release of a preliminary economic assessment (PEA) for its Kay Mine project."Following the release of the Kay PEA, we are moving our rating to HOLD and reducing our target price to C$0.35/sh via a 0.40x P/NAV multiple. The predominant reason is based on marginal PEA economics, which detailed suboptimal NPV5% [US$(6)MM @ $3,100/oz Au & $$4.70/lb Cu] and profitability ratio at spot (0.73x). Cognizant PEA studies represent a snapshot in time - and that nearly all VMS mines in production today have witnessed double-digit tonnage accretion post initial resource, we remain constructive on the ultimate exploration upside of the project (+10km of fertile structure). However, with the EXPO permit the gating item, and exploration upside firmly in the 'show me' camp, we think this is a longer dated story (noting the deposit needs to see growth for viable economic return), to revisit towards the latter half of 2026. AMC trades at 0.30x our updated P/NAV," analyst Cole McGill wrote.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $0.26, Change: $-0.01, Percent Change: -1.89%

National Bank of Canada Downgrades Arizona Metals to Sector Perform, Cuts Price Target to C$0.25

National Bank of Canada on Thursday downgraded Arizona Metals' (AMC.TO) rating to sector perform from outperform while its price target was reduced to C$0.25 from $0.90.The changes were based on 0.4x asset NAVPS plus corporate adjustments, the bank said.Arizona Metals recently announced the results of a preliminary economic assessment on its Kay project in Arizona. The study did not meet expectations, with high costs and complex refractory metallurgical processing, National Bank said.The bank updated its base-case model, with the Kay project now carried at nil, leaving a US$75 million potential resource credit for future exploration at the Sugarloaf Peak asset."Going forward, we expect AMC to take some time to reset expectations before refocusing on exploration targeting," National Bank said. "We expect future upside opportunities to be primarily driven by commodity price backdrop and identification of exploration opportunities that are contingent on drill permits and financing ability."Arizona Metals traded at $0.29 per share at last look Friday on the Toronto Stock Exchange.Price: $0.29, Change: $-0.01, Percent Change: -3.39%

Arizona Metals Downgraded to Sector Perform From Outperform, Target Cut To C$0.25 From $0.90 at National Bank As "Kay Mine PEA shows Negative Headline NPV5%"

Arizona Metals Provides Results of PEA for Kay Mine Project

Arizona Metals (AMC.TO) provided results of a Preliminary Economic Assessment (PEA), supporting the initial mineral resource estimate for its Kay Mine Project, on Thursday."The results of the PEA establish the Kay Mine Project as a credible development opportunity, underpinned by a well-defined Indicated mineral resource and a fully costed mining scenario, which outlines our base case," said Arizona Metals Chief Executive Duncan Middlemiss.The company is also continuing its investigation of alternative processing technologies, which, together with supportive commodity price environments, "could enhance project returns," Middlemiss added.The PEA also showed 127 million pounds (Mlbs) copper, 293 Mlbs zinc, 258 koz gold, and 4,712 koz silver of payable production over the 10 years of conceptual mine life.Shares of the company closed down 3.6% to $0.54 on Wednesday on the Toronto Stock Exchange.

Arizona Metals Announcing Results of Preliminary Economic Assessment for the Kay Mine Project