Sterling Metals Corp. is pleased to announce that it has closed a non-brokered private placement through the issuance of 15,835,996 common shares in the capital of the Company issued on a flow-through basis at a price of $0.065 per FT Share for aggregate gross proceeds of $1,029,339.74 . In connection with the Offering, the Company paid certain eligible persons a cash commission of $63,838.23 equal to 7% of the gross [...]
Sterling Metals Corp. is pleased to announce that the inaugural Phase 1 exploration campaign at the Copper Road Project is well underway. Located 80km north of Sault Ste. Marie, Ontario, Canada, Copper Road is a 25,000ha high-potential brownfield copper-molybdenum-silver-gold project associated with the Midcontinent Rift, which until 2021 had never been fully consolidated. The Project benefits from its strategic proximity [...]
Sterling Metals Corp. is pleased to announce that pursuant to the option agreement dated March 6, 2023, with Chesterfield Resource Plc. , it has exercised its option to acquire 100% of the Adeline Copper-Silver Project located in Labrador, Canada. Chesterfield and Sterling have committed to complete the sale of by June 30, 2024, for the following consideration: a cash payment of CAD$200,000 and the issuance of an [...]
Sterling Metals Corp. is pleased to announce the appointment of Mr. Mark Goodman as Chairman of the board of directors, effectively immediately. Mr. Goodman joins the Company as part of the recently completed transaction with Copper Road Resources Inc., as announced on May 10, 2024 . Mr. Goodman replaces Mr. Richard Patricio, who will remain as an advisor to the Company and continue to provide strategic guidance. Mr [...]
Sterling Metals Corp. is pleased to announce that it has completed the acquisition of the Copper Road Project , from Copper Road Resources Inc. through the purchase of 100797918 Ontario Inc. , a wholly-owned subsidiary of Copper Road. Located 80km north of Sault Ste. Marie, Ontario, Canada, the Copper Road Project is a 24,000ha high-potential brownfield copper-moly-silver-gold project associated with the Midcontinent [...]
Sterling Metals Corp. is pleased to announce that shareholders of Copper Road Resources have approved the previously announced transaction involving Sterling and Copper Road Resources at its special meeting held on April 30, 2024 , with approximately 90.88% of the votes eligible to be cast voted in favour of each of the resolutions. At the CRD Meeting, CRD Shareholders voted on resolutions to approve the sale of all or [...]
Sterling Metals Corp. is pleased to announce that the common shares of the Company will resume trading on the TSX Venture Exchange effective market open on or about March 1, 2024. The Common Shares were halted at the request of the TSXV upon the Company announcing the proposed acquisition of the Copper Road Project , pursuant to which Sterling entered into a definitive share purchase agreement , with [...]
Sterling Metals Corp. is pleased to announce that it has entered into a definitive share purchase agreement dated February 13, 2024, with Copper Road Resources Inc. and its wholly-owned subsidiary, 100797918 Ontario Inc. to acquire 100% interest in the Copper Road Project , from Copper Road Resources Inc. , arm's length parties to the Company . Located 80km north of Sault Ste. Marie, Ontario, Canada, Copper Road is a [...]
Sterling Metals Corp. is pleased to report assay results from its inaugural drilling on the Adeline project in Labrador Canada. A total of 1,930 meters of drilling was completed in 11 drill holes focused on testing the Ellis Main prospect and the Whiskey target. In addition to the drilling campaign, the Company completed a surface sampling program from outcrops in the Whiskey area. Highlights Inaugural drilling across the [...]
Extension of High-Grade Mineralization Trend by 200 Metres North of Existing Heimdall North Zone at Sail Pond Sterling Metals Corp. is pleased to report assay results from its 2023 drilling on the Sail Pond Silver and Base Metal Project in the Great Northern Peninsula of Newfoundland. Despite drilling not being able to identify a potential economic trap of high grade sulphides via the 3D Orion survey, using structural [...]
Sterling Metals Corp. is pleased to announce the commencement of its 2,000-meter inaugural diamond drilling program at the Adeline project in Labrador, Canada. The drill program will initially aim to test the Ellis Main prospect , which was the subject of recent trenching and past historical work including the strongest mineralization encountered to date in hole SL-11-10 from 90.6 m where 7.9 m @ 1.76% Cu and 56.2 g/t Ag [...]
Sterling Metals Corp. is pleased to announce the commencement of exploration activities at the Adeline Copper project in Labrador, Canada . Located within the Central Mineral Belt of Labrador, this wholly owned 44 km long sedimentary basin hosts over 250 surface copper-silver occurrences and has many similarities to other world class, shale-hosted copper sulphide deposits. Sterling has compiled and layered 60 years of [...]