Wallbridge Mining Announces $27M Budget for 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 17 2025
0mins
Should l Buy WM?
Wallbridge Mining Company announced its 2026 budget and plans for its fully-funded 2026 exploration and related technical studies program at its Fenelon, Martiniere, Grasset and Casault gold projects in northwestern Quebec. The Company plans to drill ~25,000 metres in 2026 across the Martiniere, Fenelon, Casault, and Grasset projects, which represents an increase of approximately 30% of drilling over 2025. "As we close out 2025, I am very optimistic about the year ahead, supported by a strong balance sheet and a clearly defined strategy," said Brian Penny, CEO. "Our focus remains on unlocking value from our earlier-stage projects while continuing to advance our flagship Fenelon project toward a future pre-feasibility study. Building on the success of the 2025 drilling program at Martiniere, we plan to complete approximately 17,000 metres of drilling in 2026 to further evaluate the scale and continuity of the gold system and to position the project for future resource delineation as results warrant. At Fenelon, approximately 3,500 metres of drilling is planned, including 2,000 metres to support additional metallurgical test work, together with desktop technical studies and other de-risking activities to move the project toward a future pre-feasibility study. 1,500 Metres have been allocated toward testing earlier stage satellite targets located within 2.5 kilometres of the main Fenelon deposit. Our program will also include 4,500 metres of drilling to test several promising early-stage targets that our exploration team has identified at the Casault and Grasset properties. Favourable market conditions and record gold prices have improved the backdrop for our work, and we are entering 2026 with increased marketing plans and expanded exploration and development programs at both Fenelon and Martiniere, as well as our earlier stage properties. These initiatives are intended to enhance market visibility while maintaining disciplined capital allocation and a focus on creating long-term shareholder value." The Company anticipates total expenditures of approximately $27M in 2026.
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Analyst Views on WM
Wall Street analysts forecast WM stock price to rise
20 Analyst Rating
15 Buy
5 Hold
0 Sell
Strong Buy
Current: 231.000
Low
223.00
Averages
247.61
High
266.00
Current: 231.000
Low
223.00
Averages
247.61
High
266.00
About WM
Waste Management, Inc. is a provider of environmental solutions. The Company provides collection, recycling, and disposal services to millions of residential, commercial, industrial, and municipal customers throughout the United States and Canada. Its segments include East Tier, West Tier, Recycling Processing and Sales, WM Renewable Energy, and WM Healthcare Solutions. East Tier primarily consists of geographic areas located in the Eastern U.S., the Great Lakes region and all of Canada. The West Tier primarily includes geographic areas located in the Western U.S., including the upper Midwest region and British Columbia, Canada. Recycling Processing and Sales includes the processing and sales of materials collected from residential, commercial, and industrial customers. WM Renewable Energy develops, operates, and promotes projects for the beneficial use of landfill gas. WM Healthcare Solutions includes Regulated Waste and Compliance Services and Secure Information Destruction services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Cash Flow and Investment: WM expects a 30% growth in free cash flow this year, driven by a $1.4 billion investment in automation, utilizing AI technology to enhance waste processing efficiency, which is likely to further strengthen its dividend safety and growth potential.
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See More
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See More
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Waste Management in Amendments: Recent amendments have modified definitions related to waste management, specifically focusing on the calculation of leverage ratios.
Ebit and Ebitda Definitions: The changes include updates to the definitions of Ebit (Earnings Before Interest and Taxes) and Ebitda (Earnings Before Interest, Taxes, Depreciation, and Amortization) in the context of waste management.
See More
