Nine Mile Metals Ltd. discloses that it will amend the proposed private placement that it announced in the Company's news release on February 8, 2024 , . The Private Placement will now consist of the sale of up to 4,166,666 units at a price of $0.06 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 [...]
Nine Mile Metals Ltd. announces that it has made payments under its option to Purchase 100% of Wedge Project, dated February 9, 2023, with SLAM Exploration Ltd. . The Option and payments were previously announced on February 16, 2023. The Company has issued 200,000 common shares at a deemed price of $0.08 per share, in accordance with the Option. Slam and the Company have agreed to convert the $20,000 cash payment owing [...]
Nine Mile Metals Ltd. announces its intention to complete a private placement for proceeds of up to $500,000 . The Private Placement will consist of the sale of up to 8,333,333 units at a price of $0.06 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 $0.10 [...]
Nine Mile Metals Ltd. issues a correction to its press release originally issued on Friday, January 26, 2024, announcing the activation of the Wedge Project drill program and providing an update on the California Lake Drill Target #10. The original press release stated that drilling at the California Lake Target #10 stopped on December 17th, 2023, but it should have stated the date as "December 21, 2023." The paragraph is [...]
Nine Mile Metals Ltd. is pleased to announce that it has received all necessary drill permits on its Wedge Project southwest of the Brunswick #12 Mine and has mobilized the Drill Rig onsite for its High Priority Drill Program on Targets #1 & #2. Drilling at California Lake Target #10 stopped on December 17th, 2023, above target depth due to inclement weather. The drill target is located in rolling hills west of Bathurst [...]
Nine Mile Metals Ltd. , is pleased to announce it has received Final Approval of its Nine Mile Brook Lens Bulk Sample Permit from the NB Department of Mines Resource Development Branch , for the Nine Mile Brook Lens Bulk Sample Project. Nine Mile Metals has received Final NB DEM Bulk Sample Permit Approval Nine Mile Metals has now initiated its Vendors Award and Confirmation process Nine Mile Metals can now implement its [...]
Nine Mile Metals Ltd. announces completion of the first tranche of a private placement of up to $1,500,000 . The Company issued 5,625,000 flow-through units at a price of $0.20 per Unit, for proceeds of $1,125,000. Each Unit consists of one flow-through common share of the Company and one-half of one common share purchase warrant , with each full Warrant entitling the holder thereof to purchase one common share at a price [...]
Nine Mile Metals Ltd. , is pleased to provide an update on its current drillhole at its California Lake VMS Project. Drillhole is currently at a depth of 615 meters targeting Lens A at depth. The Azimuth and dip are monitored daily, the Azimuth presently at 209 degrees and the Dip flattened to 65 degrees. Our calculations show we are on target. Rocks intersected to date include felsic volcanics of the Flat Landing Brook [...]
Nine Mile Metals Ltd. , discloses that it has closed its convertible loan financing for a total of $201,000 . The Convertible Loans have a term of 12 months from the closing and bear interest at 15 per cent per annum, calculated and payable on the Maturity Date. Convertible Loan proceeds will be used for advancing the bulk sample program on the Nine Mile Brook project and general working capital. The loans will be [...]
Nine Mile Metals Ltd. , discloses that it will update the proposed unsecured loan financing for proceeds of up to $500,000 that it announced in the Company's news release on November 21, 2023, to an unsecured convertible loan financing . The Convertible Loan financing will be for proceeds of up to $500,000. The Convertible Loans will have a term of 12 months from the closing and bear interest at 15 per cent per annum [...]
Nine Mile Metals Ltd. , announces its intention to complete an unsecured loan financing for proceeds of up to $500,000 for accredited investors. The Loan will have a term of 12 months from the closing , and bear interest at 12 per cent per annum, calculated and payable on the Maturity Date. In consideration for the Loan, the Company has agreed to issue a 20% bonus in common shares of the Company . The calculation of the [...]
Nine Mile Metals Ltd. , is pleased to announce that it has initiated its California Lake VMS Drill Program. Les Forages Chapais from Sussex, N.B. has been engaged to drill these high priority targets beginning with Target #10 Drillhole CL-23-10-01, as displayed in Figure 1 below. Over the past year, our geophysical technical advisors, EarthEx Geophysical Solutions , and our newest Technology partner, Earth Sciences [...]
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