CMC Metals Ltd. is pleased to announce that the Company hopes to soon initiate geophysical studies in areas on its Silverknife and Amy properties where airborne geophysics have identified significant high conductivity targets. The current outcome of an airborne electromagnetic survey completed by SkyTEM in 2021 , was the identification of several large areas with conductivity anomalies on the Silverknife and Amy [...]
CMC Metals Ltd. is pleased to announce that the Company hopes to soon initiate studies to examine the viability of utilizing dense media separation or ore sorting technologies at the Silver Hart Project. Dense Media Separation has emerged as a powerful mineral processing technique as it enables the separation of minerals based on their specific gravity, offering a highly efficient method to pre-concentrate valuable [...]
CMC Metals Ltd. announces that as a result of a review by the British Columbia Securities Commission , the Company is issuing the following news to clarify previous disclosure relating to the 2020 Technical Report on the Silver Hart Property, Yukon. The 2020 Technical Report Silver Hart Project is not compliant with National Instrument 43-101 Standards of Disclosure for Mineral Projects and should not be relied on until [...]
CMC Metals Ltd. is pleased to announce the terms to its proposed non-brokered private placement. The proposed terms are to sell flow-through units of the Company at a price of C$0.04 per FT Unit and for gross proceeds of $400,000 and non-flow-through units of the Company at a price of C$0.035 per Unit for gross proceeds of $100,000. The aggregate gross proceeds will be C$500,000 and may be increased up to C$750,000 . Red [...]
CMC Metals Ltd. is pleased to announce that the Company has prepared a new conceptual mineralization model for its Silverknife Property. The model is based on an interpretation of recent and historical exploration data and publicly available regional data. The model will serve as a guideline to future exploration efforts on the property and conceptually depicts the potential of the four zones on the property previously [...]
CMC Metals Ltd. announces that is pleased to announce that it has settled and extinguished $163,457.02 of outstanding debt through the issuance of common shares of the Company . In accordance with the settlement of debt , the Company issued 2,611,111 common shares at a deemed price of $0.045 per Share to non-arm's length creditors of the Company. The Company previously entered into a non-arm's length administrative [...]
CMC Metals Ltd. is pleased to announce that it has entered into a share purchase agreement with North Bay Resources Inc. to acquire 55.5% of its former subsidiary company 0877887 BC Ltd. and all of assets, rights, and responsibilities of the Bishop Mill located in California, USA from 1436132 B.C. Ltd., a private Canadian company. Within this transaction, NBRI acquires 55.5% of 087 by assuming the amended cash payment and [...]
CMC Metals Ltd. is pleased to announce that the Company has completed a detailed review of over 4 decades of historical and recent exploration data on its Silverknife Property that has resulted in the identification of four large zones with significant exploration potential. The review was completed by CMC's Project Geologist Cesar Symonds along with Company President and Chief Geoscientist, Kevin Brewer. The Silverknife [...]
CMC Metals announces cancellation of the $1.2 million private placement announced on Feb 28, 2024 due to the failure of the property owner of the silver-gold-polymetallic Gavilanes project to achieve an extension of the exploration permit with SEMARNAT, Mexico's permitting authority. In addition, CMC has subsequently served notice of its intent to terminate the agreement with Sailfish Royalty Corp. to acquire the [...]
CMC Metals Ltd. is pleased to announce its intention to carry out a non-brokered private placement non-flow through units of the Company at a price of $0.035 per Unit, for aggregate gross proceeds of up to $1,200,000 . Each Unit will consist of one common share of the Company and one common share purchase warrant . Each Warrant will entitle the holder thereof to acquire one common share of the Company at a price of $0.05 [...]
CMC Metals Ltd. is pleased to announce that the Company has completed the final payment on the Silverknife and Amy Properties and also acquired an additional Mineral Tenure at Amy. The deal was completed on February 1, 2024 with the Optionor, Mr. Steven Scott a businessman and prospector. As a result, CMC is now a 100% owner of the aforementioned Properties as of the effective date of the Agreement. The original final [...]
CMC Metals Ltd. is pleased to provide an update on its Gavilanes silver-gold-polymetallic project. The management team including Kevin Brewer, President and CEO, Jose Manuel Delgado Canedo, Director, CFO and Legal Advisor-Mexico, and Cesar Symonds, Project Geologist attended the annual assembly of the Ejido de los Gavilanes yesterday. The Company outlined its exploration plans for Gavilanes for 2024. The Ejido de los [...]