CMC Metals Ltd. is pleased to report that it has entered into an option agreement with Coeur Silvertip Holdings, Ltd. , a subsidiary of Coeur Mining Inc. on its Silverknife Property in north-central British Columbia. The Agreement paves the way forward for Coeur to undertake a significant, multi-year exploration program on the Property. The Agreement provides Coeur with the ability to earn a 75% interest in the Property [...]
CMC Metals Ltd. is pleased to announce the results of its 2024 Annual and Special General Meeting of shareholders held on September 25, 2024. Shareholders approved all the resolutions detailed in the management information circular of the Company , namely: Electing all the nominees to the Board of Directors of the Company. Appointing Manning Elliott LLP as auditor of the Company for the ensuing year and authorizing the [...]
CMC Metals Ltd. is pleased to announce that the Company has completed a recent site visit at Amy where drill targets were identified for our proposed 2025 drill program. In addition, our geological team completed a detailed mapping and prospecting program on the Silverknife Property. Amy is a high-grade silver-lead-zinc CRD target located just 8 kilometers to the west of Coeur Mining's Silvertip mine in north-central [...]
CMC Metals Ltd. announces that the TSX Venture Exchange has approved the Company's request to extend the expiry date of 2,161,557 share purchase warrants, originally granted September 27, 2022 to September 27, 2025, and 1,942,014 share purchase warrants, originally granted October 12, 2022, to October 13, 2025. The request to amend the exercise price from $0.20 to $0.07 remains subject to TSXV approval and the consent of [...]
CMC Metals Ltd. announces that the Company will make application to the TSX Venture Exchange to extend the expiry date of 1,942,014 share purchase warrants, originally granted October 12, 2022, to October 13, 2025, and to amend the exercise price from $0.20 to $0.07, subject to the consent of the Warrant holders . Each Amended Warrant is exercisable into one common share of the Company and will be subject to an [...]
CMC Metals Ltd. is very pleased to acknowledge that North Bay Resources Inc. have announced yesterday that they have made significant progress as follows: the arrival of its first gold ore shipment at the Bishop mill facility from its Fran Gold Project and commencement of test milling operations has been initiated. NBRI will immediately begin testing and optimization of milling for extraction of gold from ore. The initial [...]
CMC Metals Ltd. is pleased to announce that the Company has completed a significant reclamation program on its Silver Hart and Blue Heaven claims in Yukon Canada. While supervising the reclamation effort, the Company's Chief Geologist and President discovered three manto zones within the Main Zone at Silver Hart and identified additional areas of interest on the Blue Heaven claims all of which merit further investigation [...]
CMC Metals Ltd. announces that it has contracted MICON International Limited to complete a National Instrument 43-101 compliant Mineral Resource Estimate for its Silver Hart Project, Yukon. It is estimated that the MRE will be completed in approximately six weeks time. The MRE is phase 1 of a multi-stage evaluation to determine if it is amenable to establish seasonal small-scale open pit mining at the Silver Hart Project [...]
CMC Metals Ltd. CMC Metals Ltd. is pleased to announce that it has acquired 1.12 billion common shares, equivalent to a 16.05% interest, in North Bay Resources Inc. . The common shares were acquired as a part of the agreement between NBRI and the Company, whereby NBRI acquired 55.5% of CMC's gold processing mill in Bishop California . CMC is also pleased to note that NBRI has made significant progress in advancing the [...]
CMC Metals Ltd. is pleased to announce, further to its news releases of April 29, 2024 and June 14, 2024 that it has received TSX Venture Exchange approval to close the first tranche of its non-brokered private placement . On June 26, 2024, the Company issued 2,782,143 non-flow through Units at a price of $0.035 per NFT Unit, for gross proceeds of $97,375, and 1,000,000 flow-through Units at a price of $0.04 per FT Unit [...]
CMC Metals Ltd. is pleased to announce that the Company has completed the final payment on the Blue Heaven Property with the optionor Strategic Metals Ltd. and as a result is now an 80% owner of the Property. The original final payment of the option agreement was amended and subsequently a payment of 5,000,000 common shares at a deemed price of $0.03 per share, with a four month hold period, was provided to Strategic as [...]
CMC Metals Ltd. has oversubscribed its private placement announced April 29, 2024 by raising gross proceeds of $162,400, subject to TSX Venture Exchange approval. On receipt of the TSX Venture Exchange approval, the company will issue 1,000,000 flow-through units at $0.04 and 3,497,143 non-flow-through units at $0.035. Each FT unit consists of one flow-through common share of the company and one half of one common share [...]
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