GreenLight Metals (TSXV:GRL) - VMS Explorer Targets 15-20Mt Resource

Company Interviews

Interview with Matt Filgate, President & CEO of Greenlight Metals Inc.

Recording date: 11th July 2025

Greenlight Metals (TSXV:GRL) has emerged as the sole active mining explorer in Wisconsin, positioning itself to capitalize on unprecedented demand for domestic copper supply amid the Trump administration's aggressive trade policies. The company is focused on developing high-grade VMS copper deposits in Wisconsin's Penokean volcanic belt, a region that has been dormant for exploration since a 20-year mining moratorium ended in 2017.

Under CEO Matt Filgate's leadership, Greenlight has secured the flagship Bend Project, which contains a 4.5 million ton historic resource grading 2% copper and 2.3 grams per ton gold. The company recently acquired critical private land adjacent to the original 330-meter strike length for approximately $250,000, unlocking significant expansion potential. Current drilling aims to grow this resource to 15-20 million tons while maintaining world-class grades.

The strategic timing appears optimal as President Trump's announced 50% tariffs on imports create urgent demand for domestic copper supply. "With what's going on with Trump announcing these new 50% tariffs that are coming in on imports, they got to backfill that with domestic supply," Filgate explains. This policy shift, combined with electrification trends and infrastructure development, positions domestic copper projects as increasingly valuable.

Wisconsin's regulatory environment has evolved favorably since the 2017 repeal of the mining moratorium and implementation of the Mining for America Act. The company maintains strong relationships with local regulators and government officials through strategically chosen board members, including Steve Donohue, who co-authored the state's mining legislation.

Beyond Bend, Greenlight's portfolio includes the high-grade Lobo project, featuring historic intersections of 9 meters at 23% zinc, and several untested electromagnetic anomalies across the belt. With $2.8 million in current funding and a tight shareholder structure including institutional backing from Vestcor and Delbrook, the company is well-positioned to execute its discovery-focused strategy in this underexplored jurisdiction.

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