Metallic Minerals is pleased to report that, subject to the approval of the TSX Venture Exchange , it has closed a second non-brokered private placement financing for additional aggregate proceeds of $617,820 through the issuance of 1,471,000 units at a price of $0.42 per unit . The Company will issue 846,000 flow-through units for total gross proceeds of $355,320, where each flow-through unit will consist of one [...]
Metallic Minerals is pleased to report that, further to its news release dated April 26, 2022, it has filed on SEDAR a National Instrument 43-101 technical report, entitled, "Technical Report on the Inaugural Mineral Resource Estimate for the Allard Cu-Ag Porphyry Deposit, La Plata Project Southwestern Colorado USA", has an effective date of April 3rd, 2022. Scott Petsel, President of Metallic Minerals, stated, "The [...]
Metallic Minerals is pleased to report that it has closed its previously announced non-brokered private placement financing for aggregate proceeds of $4,032,000 through the issuance of 9,600,000 units at a price of $0.42 per flow-through unit . Each Unit consists of one flow-through common share and one-half purchase warrant where each whole warrant is exercisable into a flow-through common share for 30 months at a price [...]
Metallic Minerals is pleased to report the final set of assay results from its 2021 drilling completed at the Company's 100%-owned, 166-square-kilometer Keno Silver Project located within the historic, high-grade Keno Hill silver district in Canada's Yukon Territory. These drill tests were targeted at extending high-grade silver-gold-lead-zinc mineralization at the Formo deposit in the West Keno target area, one of [...]
Metallic Minerals Corp. is pleased to announce a non-brokered private placement offering of 9,600,000 flow-through units at a price of $0.42 per Unit for aggregate gross proceeds of $4,032,000 , which represents a premium to the May 17th closing price of the Company's common shares on the TSX Venture Exchange . The Units consist of a flow-through share and a half warrant and are being issued as part of a charity [...]
Metallic Minerals is pleased to announce the creation of a dedicated Community & First Nations Relations team for the Metallic Group of Companies and the appointment of Lindsay Wilson to the role of Manager, Community and Investor Relations. Ms. Wilson will be working alongside Lauren Blackburn, the Company's Yukon-based Regulatory & Permitting Manager, in further strengthening our relationships with First Nations, local [...]
Metallic Minerals is pleased to announce the first National Instrument 43-101 mineral resource estimate on the Company's La Plata project, which focuses on the central Allard copper-silver porphyry deposit. The Company acquired the project in 2019 and with confirmatory drilling and sampling has quickly generated a NI 43-101 compliant resource estimate consisting of 115.7 million tonnes at an average grade of 0.39% copper [...]
Metallic Minerals is pleased to announce further results from the 2021 field program at the Company's flagship Keno Silver project located in the productive and historic high-grade Keno Hill Silver District of Yukon, Canada. The 2021 East Keno program focused on drilling, mapping, soil sampling and geophysical surveying with the objective of expanding upon pivotal discoveries made by the Company in 2020 at the East Keno [...]
Metallic Minerals announces that, subject to the approval of the TSX Venture Exchange, it has granted 1,590,000 stock options to certain insiders, directors and employees of the Company in accordance with the Company's Long-Term Performance Incentive Plan. Each Option is exercisable into one common share in the capital of the Company at a price of $0.41 per Share, being the closing price of the Shares on the TSX Venture [...]
Metallic Minerals is pleased to announce the appointment of Mr. Scott Petsel as President of the Company, effective immediately. Mr. Petsel has been Vice President of Exploration for Metallic Minerals since 2016 and will be supported in this key executive leadership position by Chairman and CEO, Greg Johnson. Mr. Scott Petsel, MBA, P.Geo., has over 34 years of experience in all facets of mineral exploration with [...]
Metallic Minerals is pleased to announce final results of the 2021 exploration program at the La Plata silver-gold-copper project in southwestern Colorado within the prolific Colorado Mineral Belt. The campaign was successful in its primary goal of confirming the tenor of mineralization as reported in drill results from Rio Tinto, Freeport and others at the main Allard porphyry target. With that confirmation complete [...]
Couloir Capital is pleased to announce initiation of research coverage on Metallic Minerals Corp. The report is titled, "Silver Junior Next to One of the World's Highest Grade Silver Deposits." We expect that at the very least, MMG will continue with substantial drilling initiatives this year, which we believe is a major driver of potential valuation upside given it develops resource assets further and allows for [...]