Adamera Pauses IP Survey Amid Wildfires to Focus on Safety, Will Move to Data Interpretation

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1. Disclosure for the quote from the John Newell article published on February 11, 2026

1. For the quoted article (published on February 11, 2026), Adamera Minerals Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.
2. Author Certification and Compensation: John Newell of John Newell and Associates was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a  U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.

2. Disclosure for the quote from the Stewart Thomson article published on April 24, 2026

1. For the quoted article (published on April 24, 2026), Adamera Minerals Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.
2. Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts.  The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.

3. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

Wildfires are ravaging British Columbia, Canada, causing interruptions to both business and daily life. Adamera Minerals Corp.'s (ADZ:TSX.V) South Hedley property in southern BC has become part of a state of provincial emergency, causing the company to temporarily suspend its induced polarization (IP) geophysical survey of the area. The company stated that its top priority is the safety of field crews, contractors, and local communities.

Mark Kolebaba, President and CEO of Adamera, said in the release: "Our hearts go out to everyone affected by the ongoing wildfires across British Columbia. We are saddened by the loss of property, the displacement of families and the heavy toll these fires are taking on communities throughout the province. Our thoughts are with all the residents, emergency personnel, and firefighters on the front lines."

However, the company won't be sitting idle while the IP survey is paused. Until it can resume, technical teams will be actively interpreting data collected to date to advance target prioritization. Updates about re-commencing the survey will be released as the wildfire situation evolves.

In other news, Adamera upsized its private placement on August 12, 2026, after increased investor interest. The non-brokered placement has gone from CA$360,000 to CA$785,000. Each unit will consist of one common share and one warrant, with each warrant exercisable at CA$0.15 for up to three years from the date of issuance. According to the release: "If the closing market price of the company's common shares on the TSX Venture Exchange is CA$0.20 or more over a period of 10 consecutive trading days at any time after the date that is four months and one day after the respective closing, the warrants will expire on the 30th day after the 10 consecutive trading days at or above CA$0.20 unless exercised by the holder on or before the accelerated expiry date."

Adamera Minerals Corp. is a Canadian company with a traditional focus on high-grade gold, silver, and copper exploration in British Columbia, Canada, and Washington, U.S. The company is also positioning itself to provide an uninterrupted domestic supply of tungsten to the U.S. market.

Tungsten Demand Set to Grow 10%

Tungsten is a niche metal market, but its performance has rivaled larger markets. "Project Blue estimates its value at about US$16 billion this year — roughly 5% of the copper market at current prices. It is also far more opaque and illiquid, as it does not trade on major exchanges. Even so, its gains over the past year have far outpaced those of commodities such as gold and oil," according to an article by Mining.com. As one of the strongest metals in the world, its use in weaponry is critical in a time of war.

China, Russia, and North Korea produce roughly 90% of the world's tungsten, which has left the U.S. scrambling to secure solid domestic supply sources since President Trump's tariffs sparked tension between the nations.

Ashitha Sivaprasad for Reuters wrote about tungsten's market on April 29, 2026, writing, "Project Blue estimates the global tungsten market was about 129,000 ​metric tons in 2025. ​It added ⁠that defense demand, currently estimated at around 12% of the tungsten market, is expected to grow to roughly 15% ​between 2027 and 2028, as stockpile replenishment keeps demand ​elevated" and that "the automotive sector, consuming 25%-30% of tungsten, is currently the largest consumer, though rising EV adoption may curtail consumption, [while] defense-sector demand is growing about 8% annually, ⁠and ​if trends hold, defense could overtake automotive as ​tungsten's largest consumer by the mid-2030."

Tungsten demand is expected to grow by 10% by 2030, with prices trading at US$150.39 per kilogram on August 12, 2026.

Newell, Thomson Both Rate "Speculative Buy"

¹John Newell of John Newell & Associates focused on Adamera's established reputation as a gold explorer in a February 11, 2026, opinion piece for Streetwise Reports. He wrote: "For investors seeking leverage to a strengthening gold market, Adamera represents a 'Speculative Buy' around CA$0.10, with the understanding that success largely hinges on upcoming drilling programs."

He went on to say, "As always, position sizing and risk management matter. But in a rising metal price environment, this is the type of setup that can often surprise to the upside." Newell considers Adamera's Flag Hill South project in the Republic Gold District of Washington as one of the most immediate value drivers the company owns.

²On April 24, 2026, Stewart Thomson discussed the company's progress, writing, "A breakout from a six-year channel seems imminent and would usher in substantial upside price action." Thomson gave the company a short-term price target of CA$0.28, a medium-term target of CA$0.80, and a long-term target of CA$1.50.

Talisman Exploration Set to Begin

Adamera plans to conduct both surface exploration and underground rehabilitation at its Washington property hub as follows:

• Systematic surface exploration and drilling across the Hub, with initial focus on the Talisman property. Work is planned to commence shortly.  
• Plans are to advance contractor engagement to re-establish safe access to historic workings at Talisman and Tungsten Ridge.
• Adamera is pursuing strategic partnerships and capital markets financing to advance the Washington Tungsten Hub, with timing aligned to the January 2027 procurement deadline.  

Ownership & Share Information³

Adamera Minerals Corp. has a market cap of CA$5.84 million and 58.45 million shares outstanding. The company's 52-week range is CA$0.05-CA$0.19. Institutions own 3.29% of shares, while Management & Insiders own 4.61%. The remaining 92.1% of shares are Retail.

Frequently Asked Questions

Q: What is happening with wildfires in British Columbia?
A: British Columbia is experiencing a severe wildfire situation in August 2026, with more than 100 active fires reported across the province. The province declared a state of emergency on August 8 as the rapidly growing Bald Range wildfire forced more than 20,000 people to evacuate in the Okanagan region.

Q: What is tungsten used for?
A: Tungsten is a dense, heat-resistant metal used in industrial, automotive, aerospace, electronics, mining, and defense applications. Its hardness and high melting point make it useful for cutting tools, drilling equipment, armor-piercing ammunition, and other high-performance products.

Q: Why is tungsten considered a critical mineral?
A: Tungsten is considered strategically important because it is used in industries including defense, manufacturing, and technology, while global supply is heavily concentrated in a small number of countries. China, Russia, and North Korea account for roughly 90% of global tungsten production.

Q: Why is the U.S. seeking domestic tungsten supplies?
A: The U.S. relies heavily on imported tungsten, making domestic production important for supply security. Geopolitical tensions and export restrictions have increased interest in developing North American sources of the metal.

Q: What is an induced polarization survey?
A: An induced polarization survey is a geophysical exploration method that measures how rocks respond to an electrical current. It can help identify underground zones that may contain mineralization by detecting differences in the electrical properties of rocks.