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 4,210-hectare Foggy Mountain copper-gold-silver project in north-central British Columbia’s Toodoggone Mining District. The agreement, dated November 9, 2026, marks a significant expansion of Fuse’s exploration focus beyond its existing battery-metals properties in Ontario. The announcement was first reported via NEWMEDIAWIRE.
The property is located approximately 10 kilometres east of Centerra Gold’s Kemess Mine, an area with established regional road, power, and camp infrastructure, according to the company. Historical 2022 rock sampling returned peak values of 3.52% copper, 11.3 grams per tonne gold, and 90.5 grams per tonne silver. However, Fuse cautions that these are individual surface-sample results and are not necessarily representative of mineralization across the property. No mineral resource or reserve has been defined. The company also released supporting figures showing the property’s location and claims, including Figure 1- Foggy Mountain Property Location – Geologic Zones.
Under the option agreement, Fuse can earn an initial 70% interest by making a C$50,000 cash payment, issuing 2,250,000 common shares and 1,500,000 warrants, and completing a minimum 3,500-metre drilling program within three years. The company may then earn an additional 10% interest by completing a preliminary economic assessment (PEA) in accordance with NI 43-101 and paying a further C$150,000. Upon earning the full 80% interest, the parties will form a joint venture, with Fuse holding 80% and the Optionors collectively holding 20%.
The property is subject to a 2% net smelter returns royalty in favour of Cronin Exploration Inc., and Fuse has the right to purchase half of that royalty for C$1,500,000 within 30 days following commencement of commercial production. The earn-in requirements are optional, and the agreement is subject to final acceptance by the TSX Venture Exchange.
CEO Tim Fernback commented, “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. The historical sampling results and the combination of geophysical and geochemical targets give us a compelling starting point for a disciplined exploration program.”
The Toodoggone Mining District hosts porphyry and epithermal mineral systems and is home to active exploration and development companies. The property comprises three mineral claims totalling approximately 4,210 hectares and is described as an early-stage exploration property with limited historical exploration. A 2025 airborne magnetic and radiometric survey outlined several areas of interest that coincide with anomalous copper in stream-sediment samples and copper-gold values in nearby rock samples, providing targets for follow-up exploration. A proposed first phase includes additional geological mapping and sampling, with diamond drilling of the highest-priority targets possible subject to results, permitting, and financing. Additional details, including Figure 2 – Foggy Mountain Property Claims, are available in the company’s presentation.
This news matters because it signals Fuse’s entry into a copper-gold district at a time of strong demand for critical metals, offering investors exposure to early-stage exploration upside in a politically stable jurisdiction. For the industry, the deal could stimulate further exploration activity in the Toodoggone region, where infrastructure from the nearby Kemess Mine provides a logistical advantage. However, readers should note that the project remains early-stage, with no defined resources, and the earn-in is optional and subject to financing and regulatory approvals. The original release can be viewed at www.newmediawire.com.
