Metallic Minerals Corp. is pleased to announce the signing of a new production royalty agreement for a mile of alluvial gold claims at its Australia Creek property in the Klondike Gold District, Yukon Territory . Strategic Expansion Amid Rising Gold Prices This agreement builds on Metallic Minerals gold royalty business in 2025 and has been signed with an experienced mining operator, who brings over 40 years of gold [...]
Metallic Minerals Corp. is pleased to provide a corporate and project update covering the key goals and achievements over the past year together with the outlook for anticipated catalysts in 2025 across its portfolio of projects in established mining districts in Canada and the USA. Key Corporate and Project Highlights: Released inaugural NI 43-101 Inferred Mineral Resource Estimate at the Keno Silver project of 18.2 [...]
Metallic Minerals Corp. announces that the Company has applied for TSX Venture Exchange approval to extend the expiry date on certain share purchase warrants . Per the application, 4,800,000 Warrants that were originally issued as part of a private placement transaction on June 8, 2022 exercisable at $0.50 per warrant and expiring December 8, 2024 will now be extended to an expiry date of June 8, 2025. In addition, the [...]
Metallic Minerals Corp. announces that Newmont Corp. has elected to exercise its 'top-up right' to purchase additional common shares in Metallic Minerals in order to maintain its 9.5% interest pursuant to its Investor Rights Agreement dated May 18, 2023. Under the terms of the IRA, Newmont will purchase an aggregate of 577,776 common shares at a price of $0.36 per share reflecting the Company's July financing and certain [...]
Metallic Minerals Corp. is pleased to announce that it has closed the second and final tranche of its previously announced non-brokered private placement . Under the Final Tranche, investors subscribed for an additional 1,062,500 flow-through common shares of the Company at a price of $0.40 per FT Common Share for gross proceeds of $425,000, bringing the total Offering to $2,025,000. Greg Johnson, CEO and Chairman [...]
Metallic Minerals Corp. announces that further to its June 20, 2024 news release, it has closed a first tranche of its non-brokered private placement . Under the First Tranche, the Company has issued 4,000,000 flow-through common shares of the Company at a price of $0.40 per FT Common Share for gross proceeds of $1,600,000. Greg Johnson, CEO and Chairman, stated, "We are pleased with the strong interest and to welcome [...]
Metallic Minerals Corp. s pleased to announce a non-brokered private placement of up to 5,000,000 flow-through common shares of the Company at a price of $0.40 per FT Common Share for gross proceeds of up to $2,000,000 . Red Cloud Securities Inc. of Toronto, Ontario, has been engaged on a "best efforts" basis for the Offering. Proceeds from the Offering are intended to be used toward eligible Canadian Exploration [...]
Metallic Minerals Corp. ; is pleased to announce the commencement of the 2024 exploration programs at both the Keno Silver project in the Yukon Territory, Canada, and the La Plata copper-silver-gold-PGE project in southwest Colorado, USA. At the Keno Silver project, where the Company announced an inaugural resource of 18.2 million ounces of silver equivalent1 in 2024, preparations are in the final stages for a diamond [...]
In this segment of The Ellis Martin Report we visit with Scott Petsel, President of Metallic Minerals Corp. as we review the company's 171 sq km Keno Silver Project in the Yukon, the La Plata Project in Colorado AND an opportunity for adventurous placer/alluvial gold miners to acquire rights to mine such as what Parker Schnabel is doing on the company's land; in the Yukon and the Klondike Gold District. Yes you can! This [...]
Metallic Minerals Corp. announces that, pursuant to its Investor Rights Agreement dated May 18, 2023 with Newmont Corporation , Newmont has elected to exercise its 'top-up right' to purchase additional common shares in order to maintain its 9.5% interest in Metallic Minerals. Under the terms of the IRA, Newmont will purchase an aggregate of 342,750 common shares at a price of $0.33 per share to adjust for certain non-cash [...]
Metallic Minerals Corp. is pleased to announce final results from the 2023 drill campaign at the Company's La Plata copper-silver-gold-Platinum Group Element project in southwestern Colorado, which finished in December. The exploration program included 4,530 meters in four diamond drill holes with the dual objectives of expanding on the 1.21-billion-pound copper and 17.6-million-ounce silver inferred mineral resource1 [...]
Metallic Minerals Corp. is pleased to report that, further to its news release dated February 26, 2024, it has filed on SEDAR a National Instrument 43-101 technical report entitled "Mineral Resource Estimate for the Keno Silver Project, Yukon, Canada", with an effective date of February 1, 2024. Scott Petsel, President of Metallic Minerals, stated, "The inaugural resource, which defined 18.16 million ounces of silver [...]