Sterling Metals Corp. is pleased to announce that, further to its press release of March 29, 2023 it has entered into an agreement with PI Financial Corp. as sole agent and bookrunner, to increase its previously announced marketed best efforts private placement . The Offering has been upsized to up to 6,700,000 charity flow-through units , at C$0.225 per Charity FT Unit, up to 11,914,200 flow-through units , at C$0.17 per [...]
Sterling Metals Corp. is pleased to announce that it has entered into an agreement with PI Financial Corp. as sole agent and bookrunner, in connection with a marketed best efforts private placement of up to 6,700,000 charity flow-through units , at C$0.225 per Charity FT Unit, up to 6,000,000 flow-through units , at C$0.17 per FT Unit, and up to 16,700,000 hard dollar units , at C$0.15 per HD Unit of the Company to raise [...]
Sterling Metals Corp. and is pleased to announce that, further to its press release dated March 6, 2023, the Company has obtained approval from the TSX Venture Exchange with respect to the option agreement dated March 3, 2023 with Chesterfield Resources Plc. and its wholly owned subsidiary Chesterfield Inc. pursuant to which SAG has been granted the exclusive option to acquire a 100% interest in the Adeline Copper-Silver [...]
Sterling Metals Corp. is pleased to announce that it has entered into an option agreement dated March 6, 2023, with Chesterfield Resources Plc. and its wholly owned subsidiary Chesterfield Inc. and together with Chesterfield pursuant to which SAG has been granted the exclusive option to acquire 100% of the Adeline Copper-Silver Project in Labrador, Canada . Highlights of the Adeline Copper-Silver Project: 297 km2 [...]
Sterling Metals Corp. is pleased to announce that it has commenced its 2023 field exploration program at the Sail Pond Silver and Base Metal Project in the Great Northern Peninsula of Newfoundland. Following up on the recent discovery at Heimdall North, the Company has engaged Quantec Geoscience to conduct an Orion 3D Swath DCIP and MT survey. The survey is designed to identify larger bodies of mineralization close to [...]
Sterling Metals Corp. is pleased to announce the appointment of Dr. Neil O'Brien, PhD, and Dr. Stephen J. Piercey, PhD, P.Geo., FGC, to its technical advisory board. Sterling Metals has also promoted Mr. Jeremy Niemi to Senior Vice President, Exploration and Evaluation. The appointments come at a critical time in the Company's growth with the recent expansion of the mineral footprint at Sail Pond and a concentrated effort [...]
Sterling Metals Corp. is pleased to report results from its 2022 drilling on the Sail Pond Silver and Base Metal Project in the Great Northern Peninsula of Newfoundland. Drilling results are from the Heimdall Zone and new zone 500m north of Heimdall. The company will be hosting a zoom webinar at 2PM EST on Monday December 12, 2022, to discuss these findings in more detail. Registration for the event can be found at [...]
Sterling Metals Corp. is pleased to share an open letter from Chief Executive Officer Mathew Wilson to shareholders of the company: Dear Fellow Shareholders, We are pleased to provide an update on our 2022 exploration program at the Sail Pond project in Western Newfoundland. Drilling and field exploration is progressing well even as our industry is contending with many difficult factors. Declining prices in both broader [...]
Sterling Metals Corp. is pleased to report the voting results from its annual and special meeting held on August 2, 2022 . At the Meeting, shareholders approved the election of directors, the appointment of Baker Tilly WM LLP as auditor of the Company and the adoption of an omnibus long-term incentive plan. The Company omnibus long-term incentive plan is a rolling 10% plan, and it aligns with certain revisions made to TSX [...]
Sterling Metals Corp. , is pleased to announce the commencement of 2022 exploration activities on the Sail Pond project, Newfoundland. The 2022 exploration program will have a two-fold focus, with a geological team focusing on drilling and another team focused on regional target generation and project enhancement. Drilling will focus on the 2021 Heimdall Zone discovery as well as exploring for new zones in highly [...]
Sterling Metals Corp. is pleased to announce that it has closed a non-brokered private placement through the issuance of 6,428,571 charity flow-through units at a price of $0.28 per Unit for aggregate gross proceeds of $1,799,999.88 . The Charity FT Units were issued as part of a charity arrangement structured by PearTree Securities Inc. Each Charity FT Unit is comprised of one common share in the capital of the Company [...]
Sterling Metals Corp. is pleased to announce that, further to its press releases of April 18, 2022 and April 21, 2022, the Company has closed a non-brokered private placement through the issuance of 15,000,000 units at a price of $0.20 per Unit for aggregate gross proceeds of $3,000,000 . Each Unit shall be comprised of one common share in the capital of the Company and one Common Share purchase warrant of the Company [...]
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