Wallbridge Mining Company Ltd. is pleased to announce that it has completed a non-brokered private placement of 37,956,353 national flow-through common shares and 8,000,000 Québec flow-through common shares for aggregate gross proceeds of $8,621,925 . The National FT Shares were issued at a price of $0.185 and the Québec FT Shares were issued at a price of $0.20. In addition, Agnico Eagle Mines Limited has elected to [...]
Wallbridge Mining Company Ltd. today announced that it has approved a $36 million budget for 2023, which includes the Company's 2023 Detour-Fenelon Gold Trend exploration program and corporate costs. Activities in 2023 will focus on follow up to the updated Fenelon mineral resource estimate announced earlier today, continuing to assess the ultimate size potential of the Martiniere deposit, and the discovery of new gold [...]
Wallbridge Mining Company Ltd. is pleased to announce an updated mineral resource estimate for its Fenelon Gold and Martiniere Gold projects, located on the Company's Detour-Fenelon Gold Trend land package in Northern Abitibi, Quebec. Marz Kord, President & CEO of Wallbridge stated: "Building on the success of our 2021 maiden MRE, the subsequent exploration program has delivered an MRE with significantly improved grade [...]
Wallbridge Mining Company Ltd. is pleased to report that it received $15.9 million of cash refunds with respect to its 2021 Quebec Tax Credit Relating to Resources and Quebec Refundable Duties Credit for Losses that were claimed on its 2021 Quebec income and mining tax returns. The amount received for the TCRR and the RDCL represents an interim advance on the $20.0 million of Quebec investment tax credits claimed and [...]
Assay Highlights Include: Within 200 metres from surface: 2.66 g/t Au over 46.70 metres 4.19 g/t Au over 24.00 metres 8.91 g/t Au over 9.65 metres Below 200 meters from surface 25.66 g/t Au over 1.50 metres in the recently discovered southeast extension area TORONTO, Dec. 08, 2022 -- Wallbridge Mining Company Ltd. is pleased to report that ongoing drilling at the Company's 100%-owned Fenelon gold project has identified [...]
Wallbridge Mining Company Ltd. today announced that it has completed the previously-announced sale of all of the property, assets, rights, and obligations related to Wallbridge's portfolio of nickel assets to Archer Exploration Corp. . Under terms of the Transaction, Wallbridge has received 66,211,929 common shares of Archer with an aggregate deemed value of approximately $53.6 million . Additional consideration includes [...]
Wallbridge Mining Company Ltd. today declared a distribution in specie of 48,168,138 common shares in the capital of Archer Exploration Corp. . to shareholders of record of the Company on November 16, 2022 and payable on November 18, 2022. The Archer Shares will be issued in connection with the previously announced transaction under which Archer will acquire all of the property, assets, rights, and obligations related to [...]
Wallbridge Mining Company Ltd. provides an update on the status of the Company's previously announced transaction under which Archer Exploration Corp. will acquire all of the property, assets, rights, and obligations related to Wallbridge's portfolio of nickel assets . Further to Archer's news release of November 8, 2022, Archer announced the following: It has priced its fully-subscribed $10.0 million private placement [...]
Assay Highlights Include: 7.80 g/t Au over 16.00 metres 2.66 g/t Au over 39.50 metres 3.80 g/t Au over 11.20 metres 2.38 g/t Au over 16.05 metres TORONTO, Nov. 08, 2022 -- Wallbridge Mining Company Ltd. is pleased to report that ongoing drilling at the Company's 100%-owned Fenelon gold project has identified additional gold mineralized zones outside of the Project's current Mineral Resource Estimate . These results will [...]
Wallbridge Mining Company Ltd. today provided an update on the status of the Company's proposed transaction under which Archer Exploration Corp. will acquire all of the property, assets, rights, and obligations related to Wallbridge's portfolio of nickel assets . Further to Archer's news release of October 20, Archer has announced the engagement of agents to market a financing related to the Transaction . In the same [...]
Wallbridge Mining Company Ltd. is pleased to report that new assay results from the in-fill sampling program at its 100%-owned Fenelon Gold Project have yielded additional gold mineralization from previously unsampled sections of drill core within and adjacent to the Project's existing Mineral Resource Estimate . The results from this program will be incorporated into the MRE update and Preliminary Economic Assessment [...]
Wallbridge Mining Company Ltd. today announced that 99.615% of shares represented by proxy at its Special Meeting of Shareholders held on October 18, 2022 were voted in favour of the Stated Capital Reduction Resolution, as defined below; 0.385% were voted against. A total of 483,342,202 shares, or 54.76% of the outstanding shares of the Company, were represented at the Meeting by proxy. Of that total, 481,482,337 were [...]
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