T2 METALS CORP Stock Price, News & Analysis

T2 Metals Corp. (TSXV: TWO) (OTCQB: TWOSF) has issued a clarification regarding its technical disclosure for the Sherridon Project following a review by the British Columbia Securities Commission (BCSC). The company's previous references to historical mineral resource estimates were found to be non-compliant with National Instrument 43-101 (NI 43-101) standards. T2 Metals has updated its corporate presentation to correct the disclosure and include necessary disclaimers.

The company will prepare a new NI 43-101 compliant technical report for the Sherridon Project, which will report mineral resources as historical rather than current. Additional work will be required to define current mineral resources on the project. The company's Chief Executive Officer, Mark Saxon, has reviewed and approved this clarification.

T2 Metals Corp. (TSXV: TWO) (OTCQB: AGLAF) has signed a contract with QB Drilling for a 3500-metre core drilling program at the Sherridon copper-gold project in Manitoba. The program, set to begin in mid-August, will include over 20 drill holes and is the largest in 12 years. Sherridon is a high-grade VMS project with historical copper resources in an infrastructure-rich area. Key features include:

- Historic production of 7.74 million tonnes @ 2.46% Cu, 2.84% Zn, 0.6 g/t Au, and 33 g/t Ag
- Historical NI43-101 resources calculated in 2010
- Recent high-grade gold intersections (4.50 m @ 29.2 g/t Au and 138.8 g/t Ag)
- Large alteration system with over 30 km of mineralized target horizon
- Strong First Nations and provincial support

T2 Metals has also retained Integral Wealth Securities for market-making services at a monthly fee of $6,000.

T2 Metals Corp. (TSXV: TWO) (OTCQB: AGLAF) held its annual general meeting of shareholders on July 17, 2024. The company's shareholders re-elected Mark Saxon, Nick DeMare, Dušan Berka, and Amanda Dahl as directors. They also approved all other resolutions, including ratifying the existing stock option plan, which allows T2 to grant stock options up to 10% of its issued and outstanding common shares at the time of grant.

Following the meeting, the Board appointed Mark Saxon as President & CEO and Nick DeMare as CFO and Corporate Secretary. The audit committee now consists of Nick DeMare, Dušan Berka, and Amanda Dahl. CEO Mark Saxon expressed gratitude to shareholders for their support as the company prepares for a major drilling program.

T2 Metals announced that it has raised $2.9 million through a private placement, gaining significant institutional investors including Aumontis Holding AG, Lowell Resources Fund, Earthlabs, and ARI Fund. The funds will support extensive exploration activities at their flagship Sherridon copper project in Manitoba, Canada. The project has historic resources of 362 million lbs of copper and 470 million lbs of zinc. Recent drilling has discovered high-grade gold and silver, opening new exploration opportunities. The company plans to undertake a comprehensive drilling program in H2 2024, including new drill targets and re-examining historical core samples. Additionally, T2 Metals received $300,000 from the Manitoba Mineral Development Fund to support this work.

T2 Metals announced it has received a $300,000 grant from the Manitoba Mineral Development Fund (MMDF) to support its Sherridon copper-gold-zinc project in Manitoba. The Sherridon project has a rich mining history and significant historical resources. Recent drilling in 2023 revealed promising near-surface mineralization, including notable copper, zinc, gold, and silver deposits.

The company plans to follow up on these findings with further drilling and continue its collaboration with local Cree Nations and other stakeholders. The MMDF grant will aid in these efforts, and T2 Metals appreciates the Manitoba Government's support for the mining industry and northern economies.

The project aims to advance exploration and development while benefiting from the Manitoba Mineral Exploration Tax Credit (MMETC). The grant and tax credit make Manitoba an attractive region for mineral exploration, especially for critical raw materials.