Electrum Discovery Corp.

Electrum Discovery Corp. is pleased to announce that it has closed the final tranche of its oversubscribed non-brokered private placement of units at a price of $0.07 per Unit announced on September 23, 2024 and upsized on October 2, 2024. The Company sold 21,987,570 Units in the Final Tranche to raise gross proceeds of $1,532,830. In total, the Company has issued 32,597,854 Units for gross proceeds of $2,281,850 with [...]

Electrum Discovery Corp. is pleased to announce that, further to its news release of September, 23rd, 2024, it has closed the first tranche of its non-brokered private placement of 10,700,284 units at a price of $0.07 per Unit to raise gross proceeds of $749,020. Furthermore, due to strong investor demand, it has upsized the Private Placement to up to $2,100,000, comprised of the sale of up to 30,000,000 Units. Each Unit [...]

Electrum Discovery Corp. is pleased to announce a non-brokered private placement of up to 21,428,571 units of the Company , at a price of $0.07 per Unit , to raise aggregate gross proceeds of up to approximately $1.5 million. Each Unit will comprise one common share of the Company and one common share purchase warrant . Each Warrant will entitle the holder thereof to acquire one Common Share at a price of $0.15 for a [...]

Electrum Discovery Corp. is pleased to announce the results of geological mapping, and the commencing of trenching at its Timok East copper-gold project in the Republic of Serbia. The project adjoins the Zijin's Bor copper-gold mining complex. Exploration in the region has recently increased significantly as a result of new investment and expansion of the +1 billion tonne mine, and several new discoveries in the district [...]

Electrum Discovery is pleased to announce the results of the Company’s Annual General Meeting held on August 8, 2024. A total of 11,847,794 common shares were voted at the Meeting representing approximately 18.71% of the total issued and outstanding common shares of the Company. Shareholders voted to approve all matters brought before the Meeting, including the election of all director nominees, the appointment of Smythe [...]

Electrum Discovery is pleased to announce the results from recent rock chip sampling and remote sensing mapping at its Timok East copper-gold project. Copper and gold in soil is now correlated with known copper-gold mineralization in a regional setting and with neighboring large-scale copper-gold mines. Rock-chip sampling confirms significant copper-gold mineralization at Bambino with assays including 1.85% Cu and 1.27 [...]

Electrum Discovery is pleased to provide an update on its activities at Novo Tlamino. The Company strategically consolidated an entire district, through a large-scale permit application program and corporate acquisitions creating the Novo Tlamino Project, currently covering 522 square kilometers. The Project is located in the Paleogene-Miocene magmatic portion of the Western Tethyan Belt in southern Serbia and includes [...]

Electrum Discover is pleased to announce significant extensions of previously outlined copper-gold soil anomaly at Timok East, named Bambino. Large scale copper deposits, especially with a gold credit have come into focus as the price of copper, essential for electrification and gold have both increased in price recently. Large scale deposits are increasingly more difficult to find and districts with large mines are [...]

Electrum Discovery is pleased to announce additional copper-gold anomalies on its Timok East Project. Newly defined anomalies located two kilometres along structure and within the same units as the previously announced Bambino anomaly. Several kilometres of on-structure strike between anomalies remain unexplored and sampling is ongoing. Soil samples were collected over a 200 x 200-meter grid, infilling areas of anomalism [...]

Electrum Discovery is pleased to announce the appointment of Jake Garland as Senior Exploration Geologist and Janet O’Donnell as Corporate Secretary, each effective immediately, as well as the launch of its new website and social media channels. "We are delighted that Jake and Janet have joined our team”, said Dr Elena Clarici, President & CEO of Electrum Discovery Corp. "They both bring a passion, skill and [...]