Nine Mile Metals Ltd. announces completion of the second tranche of a private placement announced on January 21, 2025. The Company issued 6,309,699 units at a price of $0.021 per Unit, for proceeds of $132.503. The Company fully closes the original Offering of $157,500 and the debt conversion in the first tranche previously announced February 4th, 2025 for total combined Unit issuance value of $388,653. The Company is [...]
Nine Mile Metals Ltd. announces that it has proceeded with its second anniversary payment under its option to Purchase 100% of the Wedge Project, dated February 9, 2023, with SLAM Exploration Ltd. . The Company has approved and paid the renegotiated Cash Payment of $9,000 and also authorized and issued the allotment of 200,000 common shares as part of the Option Agreement with an additional 1,000,000 common shares in lieu [...]
Nine Mile Metals Ltd. is pleased to announce several key management, board, and financial services appointments: Mr. Jimmy Jeon, CPA, has been appointed as Chief Financial Officer , effective February 10th, 2025. Mr. Brett Wallace, LLB, has been appointed to the Board of Directors, effective February 17th, 2025. Marrelli Support Services Inc. has been engaged to provide full corporate financial services support. Mr. James [...]
Nine Mile Metals Ltd. announces that it has completed a first tranche private placement financing for cash proceeds of $25,000 and bona fide debt conversion of $231,150 . The Company issued 12,197,619 units at a price of $0.021 each. Each unit consists of one common share and one common share purchase warrant . Each Warrant will entitle the holder to purchase one Common Share at a price of $0.05 per Common Share for a [...]
Nine Mile Metals Ltd. announces its intention to complete a private placement of up to 18,507,143 units at a price of $0.021 per Unit. Each Unit will be comprised of one common share and one Common Share purchase warrant , with each Warrant entitling the holder thereof to acquire one Common Share in the capital of the Company at a price of $0.05 per Common Share for a period of 5 years from the date of issuance . Up to [...]
Nine Mile Metals Ltd. is pleased to provide an update on its Wedge Time Domain Electromagnetic Survey conducted by EarthEx Geophysical Solutions Inc. over the Tribag and West Wedge VMS Zone Areas. Previously in 2022, EEX had reprocessed the legacy MegaTEM and Aerodat airborne data, the late time conductance defining a total of Priority VMS Trends in the company's Western Portfolio. Priority target 1 overlies the Wedge [...]
Nine Mile Metals Ltd. is pleased to announce that it completed a non-brokered private placement for proceeds of $160,000 from the issuance of 4,571,429 units of flow-through at a price of $0.035 per FT Unit. Each FT Unit consists of one flow-through common share of the Company and one common share purchase warrant , with each FT Warrant entitling the holder thereof to purchase one common share at a price of $0.05 for a [...]
Nine Mile Metals Ltd. is pleased to announce that it intends to complete a non-brokered private placement offering to raise up to $300,000 through the issuance of up to 8,571,428 flow-through units at a price of $0.035 per FT Unit . Each FT Unit will consist of one flow-through common share of the Company and one common share purchase warrant , with each Warrant entitling the holder thereof to purchase one Common Share at [...]
Nine Mile Metals Ltd. is issuing the following press release to provide an update to its press release dated September 3, 2024, and to announce the closing of its private placement to raise $53,332 through the issuance of an aggregate of 1,066,640 units at a price of $0.05 per Unit. Each Unit is comprised of one common share and one-half of one Common Share purchase warrant , with each Warrant entitling the holder thereof [...]
Nine Mile Metals Ltd. is pleased to provide an update on its California Lake Phase 2 Drill Program. Nine Mile Metals has initiated its diamond drill program at California Lake to test Priority Plate Target A, defined by EarthEx Geophysical Solutions Inc. . Les Forages Chapais is onsite, initiating the first of three important drill holes at California Lake South. Plate A is a deep, large, strong conductor located near the [...]
Nine Mile Metals Ltd. is pleased to provide an update on its California Lake advanced geophysical program, conducted by EarthEx Geophysical Solutions Inc. . Previously in 2022, EEX had reprocessed the legacy MegaTEM and Aerodat airborne data, the late time conductance defining a total of Priority VMS Trends in the Company's Western Portfolio. We are currently focused on Target Areas #10 South and #11 South on our [...]
Nine Mile Metals Ltd. is pleased to announce it has initiated its Phase 2 drill program on the Wedge VMS Project. Les Forages Chapais from Sussex, N.B. has been engaged to drill up to 2,000 metres. Chapais is onsite in the BMC and mobilizing the drill rig from California Lake to the Wedge Property. Drilling should commence by the weekend. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral [...]