Fuse Battery Metals Inc. (TSXV: FUSE, OTC: FSBMF, FRA: 43W3) announced on November 10, 2026, that it has entered into an option agreement with Cronin Exploration Inc., David Robinson, and Kyle Hookie to acquire up to an 80% interest in the Foggy Mountain copper-gold-silver project in north-central British Columbia. The agreement, dated November 9, 2026, grants Fuse the exclusive right to earn an initial 70% beneficial interest in the 4,210-hectare property located in the Toodoggone Mining District, approximately 10 kilometres east of Centerra Gold’s Kemess Mine.
The project sits in an established mineral district with regional road, power, and camp infrastructure. Historical 2022 rock sampling returned peak values of 3.52% copper, 11.3 grams per tonne gold, and 90.5 grams per tonne silver from individual surface samples, though the company cautions these results are not necessarily representative of mineralization across the property. Coincident geophysical and geochemical anomalies, including anomalous copper in stream-sediment samples and copper-gold values in nearby rock samples, provide targets for follow-up exploration.
To earn the initial 70% interest, Fuse must make a C$50,000 cash payment, issue 2,250,000 common shares and 1,500,000 warrants, and complete a minimum 3,500-metre drilling program within three years of the agreement’s effective date. The company may then earn an additional 10% interest by completing a preliminary economic assessment in accordance with NI 43-101 and making a further C$150,000 cash payment, bringing its total interest to 80%. Upon earning the additional interest, the parties will enter into a joint venture under which Fuse holds 80% and the optionors collectively hold 20%.
The property comprises three mineral claims totalling approximately 4,210 hectares. The project is described as an early-stage exploration property with limited historical exploration, offering scope for systematic follow-up work. The nearby Kemess mine and associated regional infrastructure provide important context for the property’s location, although no infrastructure access or operating arrangements for Foggy Mountain are implied by the announcement. The property is situated in the northern portion of the Quesnel Terrane, an island arc formed along the western North American continental margin during the Late Paleozoic to mid-Mesozoic. A map showing the property’s location and geologic zones is available in Figure 1- Foggy Mountain Property Location – Geologic Zones.
“Foggy Mountain is an exciting new opportunity for Fuse as we broaden our exploration focus to include a copper-gold project in one of British Columbia’s established mineral districts,” said Tim Fernback, President and CEO of Fuse Battery Metals. “The historical sampling results and the combination of geophysical and geochemical targets give us a compelling starting point for a disciplined exploration program. Our immediate focus will be on evaluating the existing data and determining the most effective next steps to test the Property’s potential.”
Exploration on the property dates back to 1972, with most work conducted from 2003 onward. The claims were actively explored in the 1980s for epithermal gold and silver potential following production decisions on three small gold mines in the Toodoggone District. Between 2003 and 2006, Stealth Mineral Ltd. conducted geochemical and geological surveys, discovering the MESS 8, FOG-MESS SOUTH, and MESS 5 mineral showings characterized by quartz vein-controlled polymetallic silver-copper-zinc with gold. A 2025 airborne magnetic and radiometric survey outlined several areas of interest, including interpreted intrusive and linear structural features that coincide with anomalous copper stream-sediment results and nearby rock samples with anomalous copper and gold values. The proposed first phase of exploration includes additional geological mapping and sampling to follow up on the 2025 geophysical work, ground-truth interpreted structures, investigate elevated copper in stream sediments, and further characterize altered intrusive rocks and polymetallic veining. Diamond drilling of the highest-priority targets could follow, subject to results, permitting, financing, and the company’s review of the program. A map of the property claims is available in Figure 2 – Foggy Mountain Property Claims.
No mineral resource or mineral reserve has been defined for Foggy Mountain. The property is subject to a 2% net smelter returns royalty in favour of Cronin Exploration Inc., and Fuse has the right to purchase 50% of that royalty for C$1,500,000 within 30 days following commencement of commercial production. The agreement is subject to final acceptance by the TSX Venture Exchange. For Fuse, the option represents a significant new growth opportunity, providing exposure to copper and gold exploration in a well-established mineral belt. The company’s existing focus is on battery metals, including cobalt properties in Ontario. The original release is available via www.newmediawire.com.
