Omineca Mining and Metals Ltd. , is pleased to announce the re-start of underground operations at the Wingdam placer gold project. D&L Mining, working with ground stabilization specialists BAT Construction Ltd., are currently setting up and preparing the underground workings in advance of re-entering the paleochannel containing gold bearing gravels beginning at the already established crosscut heading #3. Following delays [...]
Omineca Mining and Metals Ltd. announces the grant of 10,000,000 stock options pursuant to its stock option plan. 4,500,000 of the options were granted to directors and executive officers, with the balance granted to consultants. The options are exercisable at $0.07 per share and, if not exercised, expire January 7, 2030, subject to earlier expiration in accordance with the stock option plan and the applicable policies of [...]
Omineca Mining and Metals Ltd. is pleased to announce that it has closed its previously announced brokered private placement offering for aggregate gross proceeds of approximately $2,400,000 from the issuance of 43,636,363 flow-through units of the company , at a price of $0.055 per FT Unit. The Offering was led by Research Capital Corporation as the sole agent and sole bookrunner . Each FT Unit is comprised of one common [...]
Omineca Mining and Metals Ltd. , is pleased to report that the second drill rig has completed its 3rd hole, a scissor-hole to WD24-38 added to test the down dip extension of veins observed in that hole. The second rig has now commenced its 4th hole of the program. With the first drill rig on its 4th hole, 8 diamond drill holes will be completed before the holiday break. All drill holes to date have encountered wide zones [...]
Omineca Mining and Metals Ltd. is pleased to announce that it has entered into an agreement with Research Capital Corporation as the sole agent and sole bookrunner in connection with a brokered, best-efforts basis, private placement offering of flow-through units of the Company at a price of $0.055 per FT Unit, for gross proceeds of up to $2,400,000. The gross proceeds will be used for the ongoing drilling and exploration [...]
Omineca Mining and Metals Ltd. , is pleased to report that a second drill has been mobilized to accelerate the Wingdam lode gold exploration program currently underway in the Cariboo Mining District of south central British Columbia. The first 3 diamond drill holes were extended in length with the third hole currently underway at 550 meters. The second drill rig has commenced drilling hole number 4 across the Lightning [...]
Omineca Mining and Metals Ltd. is pleased to announce the closing of its previously announced rights offering. The Company received 17,402,933 subscriptions for units pursuant to the basic subscription privilege and an additional 20,680,447 subscriptions pursuant to the additional subscription privilege. As such, a total of 38,083,380 units were purchased for gross proceeds of $1,523,335. The net proceeds of the offering [...]
Omineca Mining and Metals Ltd. , is pleased to report that road access and first drill pads have been completed and diamond drilling has commenced on the Wingdam hard rock exploration project located in the Cariboo Mining District of south central British Columbia. As detailed in the previous exploration update , TerraLogic Exploration Services has designed a 10 hole program consisting of approximately 4,000 meters in [...]
Nov. 13, 2024 /CNW/ - Omineca Mining and Metals Ltd. reminds holders of the Company's outstanding rights of important, upcoming deadlines and details for the Rights offering announced on October 9, 2024. Pursuant to the Rights Offering shareholders of record on October 15, 2024 received Rights. Each Right entitles the holder to purchase one-third of one unit of Omineca . Holders must exercise three Rights to acquire one [...]
Omineca Mining and Metals Ltd. , is pleased to announce that the steel tunnel liner plate sections required for D&L Mining to initiate operations have arrived on site and preparations are being made to re-commence mining and gravel extraction at the Company's Wingdam underground paleoplacer project located in the Cariboo Mining District of south central British Columbia. Tunnelling operations will be restarted in the open [...]
Omineca Mining and Metals Ltd. announces that it has made application to the TSX Venture Exchange to extend the expiry date of an aggregate 9,374,999 outstanding common share purchase warrants due to expire November 16, 2024. The Warrants were issued in connection with a private placement transaction that closed on November 16, 2022, and are currently exercisable at $0.12 per common share. Under the proposed amendment to [...]
Omineca Mining and Metals Ltd. announces that it will be completing a rights offering in which holders of record of the Company's common shares , as at the record date of October 15, 2024, will receive rights to subscribe for units of the Company on the basis of one right for each Common Share held. The Rights Offering will be made in all the provinces and territories of Canada and in such other jurisdictions where [...]
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