Option agreement closed
The staged agreement sets out 26 Metals’ path to earn up to a 100% interest.


26 Metals is bringing together 149 historical samples, six diamond drill holes and 86 auger holes to refine the geological model and guide the next work program at its 613-hectare project in Brazil’s Iron Quadrangle.
Florália property, Minas Gerais · field photography
26 Metals is organizing the available project information to refine the Florália geological model and guide the next work program.
The staged agreement sets out 26 Metals’ path to earn up to a 100% interest.
Bring the available maps, samples and drilling information into one clearer project picture.
Use the improved model to guide the next exploration and technical program.
Florália combines an established iron-region address with historical field information that can help guide the next phase of project evaluation.
Florália is located east of Belo Horizonte, within Brazil’s Iron Quadrangle in Minas Gerais.
26 Metals has a staged path to earn up to a 100% interest by completing the terms of its option agreement.
Earlier mapping, sampling and drilling provide information that can help shape the next technical work.
The team includes Brazilian iron geology, field exploration and iron-project development experience.

Experience spans Brazilian iron geology, field exploration, project development and public mining companies.
A former Vale iron ore geologist whose disclosed experience includes helping develop iron mines within 50 kilometres of Florália.
Led Aztec Resources while its Koolan Island iron project moved from a flooded open cut to operations.
Brings field exploration and mining research experience, supported by graduate training in geophysics.
Market context can help explain the setting. It does not predict what exploration at Florália will find.
The World Steel Association forecasts global steel demand growth of 0.3% in 2026 and 2.2% in 2027.
World Steel Association · April 2026The U.S. Geological Survey reports that Brazil and Australia each account for roughly one-third of global iron ore exports.
U.S. Geological Survey · accessed July 2026Some lower-emission steelmaking methods require iron inputs with tighter quality specifications.
IEEFA · March 2026Industry trends provide context only and do not predict Florália’s exploration results or 26 Metals’ future performance.
26 Metals is a mineral acquisition and exploration company. Florália is its primary iron exploration project.
26 Metals has the right to acquire up to a 100% interest in Florália over time after completing the terms of a staged option agreement. The property is not being presented as fully owned today.
The current focus is bringing historical project information together, refining the geological model and using that work to plan the next exploration and technical steps.