• Exploration and evaluation costs of $22.4 million for 9-month period
• Cash and cash equivalents of $16.8 million as of January 31, 2026
• Completed acquisition of Glenburgh and Mt Egerton projects in Western Australia

BENZ Mining Corp. reported its condensed interim consolidated financial statements for the nine-month period ended January 31, 2026. The company incurred $22.4 million in exploration and evaluation costs during the period, up from $806,838 in the prior year period. This increase was primarily driven by higher spending on geology, drilling, and geochemical analysis activities across the company's projects. BENZ ended the reporting period with $16.8 million in cash and cash equivalents, up from $11.8 million as of April 30, 2025, reflecting the successful completion of a private placement that raised $26.7 million in net proceeds. During the nine-month period, the company also completed the acquisition of the Glenburgh Gold Project and the Mt Egerton Gold Project in Western Australia through the purchase of 100% of the shares of Gascoyne Resources (WA) Pty Ltd and Egerton Exploration Pty Ltd. The total consideration paid was $8.6 million, comprising $444,269 in cash, the issuance of 33 million CHESS Depository Interests valued at $7.7 million, and $462,384 in transaction costs. The acquisition has significantly expanded BENZ's mineral tenement portfolio in Western Australia.