Fireweed Metals Corp. is pleased to announce that its previously announced financing has been substantially oversubscribed due to strong investor interest, and the private placement has been increased to aggregate gross proceeds of up to $35 million. The Offering The Offering will consist of three parts for gross proceeds of $34,926,240 as follows: 31,180,757 shares of the Company at a price of CAD$0.74 per Share [...]
Fireweed Metals Corp. is pleased to announce a non-brokered private placement for gross proceeds of up to CAD$27,523,500. The private placement includes lead orders by members of the Lundin family and other key shareholders. Highlights The Lundins' participation in the Offering makes them collectively Fireweed's largest shareholder Additional orders from other key shareholders in excess of $5M The Offering will provide [...]
Fireweed Metals Corp. is pleased to announce the first results of the 2022 drill program at their flagship Macmillan Pass zinc-lead-silver project, located within the prolific Selwyn Basin zinc district of Yukon, Canada . Highlights At Boundary West Hole NB22-002 intersected high-grade massive sulphides and veins: 124 m of 12.3% zinc, 1.3% lead, and 45.9 g/t silver including 60 m of 19.0% zinc, 1.6% lead, and 64.7 g/t [...]
Fireweed Metals Corp. is pleased to announce the results from the 2022 initial exploration program at the Gayna River project, Northwest Territories, Canada . Highlights High-grade rock samples confirmed the presence of massive sulphide mineralization that also contains elevated gallium and germanium . Soil samples confirmed the presence of a strong, 4 km x 1 km, historical zinc and lead soil anomaly . Results from a 52.7 [...]
Fireweed Metals Corp. is pleased to announce the completion of the 2022 drill program at their flagship Macmillan Pass zinc-lead-silver project, located within the prolific Selwyn Basin zinc district of Yukon, Canada. Highlights Fireweed has completed a 7,000 m diamond drilling program at Macmillan Pass. Assays for all holes are pending. Step-out drilling has successfully extended the area of known mineralization at [...]
Fireweed Metals Corp. is pleased to announce the results of the first metallurgical and ore-sorting test work from Boundary Zone, an emerging zinc discovery at Macmillan Pass, Yukon, Canada. Highlights Open circuit cleaner flotation tests show up to 97% zinc recovery. Zinc concentrates show high grades ranging from 53% to 63% zinc. A coarse grind size yields excellent recovery, with up to 99% in rougher tests. Three [...]
Fireweed Metals Corp. is pleased to announce the appointment of Jill Donaldson to the Board of Directors. Ms. Donaldson is a senior corporate and securities lawyer with extensive experience working with boards in mergers and acquisitions, capital markets, strategic planning and implementation, governance and stakeholder relations, and compliance and risk management. Jill holds her ICD.D designation from the Institute of [...]
Fireweed Metals Corp. is pleased to announce a successful start to the 2022 drill program and an update on the exploration programs at their flagship Macmillan Pass zinc-lead-silver project, Yukon, Canada, as well as the newly acquired Mactung tungsten project straddling the Yukon and Northwest Territories border, and their recently staked Gayna River zinc-lead-gallium-germanium project in the Northwest Territories [...]
Fireweed Metals Corp. is pleased to announce the appointment of Peter Hairsine to the Board of Directors and the grant of stock options. New Director Mr. Hairsine is an asset development specialist with more than 20 years of experience in mining and resources and a representative of Fireweed's large shareholder, Ibaera Capital. He has a Bachelor of Engineering and a Bachelor of Commerce from the University of Western [...]
Fireweed Metals is pleased to announce the 2022 diamond drilling program has started at the Macmillan Pass zinc-lead-silver Project. Drilling has begun with plans to complete over 7,000 m using 4 drills. Two of four drills have started drilling the first holes of the 2022 program. Three drills will focus on Boundary and Boundary West zones, with the fourth targeting Tom and Jason zones
Fireweed Metals is pleased to announce that a ground gravity survey has commenced at its recently acquired Gayna River project. A ground gravity geophysical survey is targeting high-grade Kipushi-style massive sulphide mineralization. A LiDAR survey will be flown to aid the gravity survey and create a high-resolution Digital Elevation Model for future work. Fireweed has been awarded a government grant to help fund the [...]
Fireweed Metals is pleased to announce as a follow-up to its news release dated June 21, 2022, the TSXV has approved the change of name to “Fireweed Metals Corp.”. The Company will begin trading under its new name on Thursday, June 30, 2022. Fireweed will continue to trade under the same symbol ‘FWZ’ on the TSX Venture Exchange and the number of shares outstanding will not change.