Bemetals Corp Stock Price, News & Analysis

BeMetals (OTCQB:BMTLF) announced significant executive management changes, with CEO John Wilton resigning effective September 30, 2025. Kristen Reinertson, a founding Director and Corporate Secretary since 2016, has been appointed as Interim CEO. The company granted her 300,000 incentive stock options at $0.05 per share.

The company provided updates on three key projects: The Savant Gold Project in Ontario, spanning 232 km² in a prolific gold-producing region; the Pangeni Copper Project in Zambia, which has outlined a 3-kilometer mineralized footprint; and the Kazan Gold Project in Japan, where BeMetals has secured an option agreement with a partner to fund and advance exploration while retaining project equity exposure.

BeMetals (OTCQB:BMTLF) has signed a definitive option agreement with Prospector Metals to acquire up to 100% interest in the Savant Gold Exploration Project in northwestern Ontario, Canada. The project spans 232 km² of underexplored terrain near major gold producers like Musselwhite and Red Lake mines.

Under the agreement terms, BeMetals must commit to C$500,000 in exploration spending within the first year and annually thereafter. Ownership structure will be determined by resource discovery metrics: 500,000+ oz of gold in Inferred category leads to a 50/50 joint venture, while 1,000,000+ oz with minimum 500,000 oz in Indicated category grants BeMetals 100% ownership. A success payment of US$5/oz of gold and a 0.5% NSR royalty will be paid to Prospector upon 100% acquisition.

BeMetals (OTCQB:BMTLF) has announced significant drilling results from its Pangeni Copper Project in Zambia. The company has successfully outlined the Ingwe shoot copper mineralization with dimensions of approximately 600 metres long, 14-23 metres thick, and 250-350 metres wide. This higher-grade zone is part of the broader Nkala Zone, which extends for at least 1.4 kilometres along trend within a larger mineralized corridor.

Key drilling highlights include hole D22-C3 intersecting 16.37 metres at 0.29% Cu, including 6.89 metres at 0.47% Cu. Additionally, a new promising satellite target was discovered at the Nkala Northwest zone through drill hole D8-C1, located 1 kilometre from the main Nkala Zone trend, demonstrating potential for additional copper mineralization beneath the Kalahari sand cover.

BeMetals (OTCQB:BMTLF) has entered into a non-binding Letter of Intent with Prospector Metals Corp. to acquire up to 100% interest in the Savant Gold Project in northwestern Ontario, Canada. The project spans 232 km² in a prolific gold-producing region near the Red Lake and Musselwhite mines.

The agreement terms include minimum annual exploration expenditures of C$500,000, with ownership terms contingent on resource estimates. If BeMetals identifies ≥1,000,000 ounces of gold (minimum 500,000 ounces indicated), they will gain 100% project ownership. Additionally, BeMetals has extended its US$5 million loan agreement with B2Gold Corp. to August 4, 2029, with an adjusted interest rate of 6.7% per annum.

BeMetals Corp. (BMTLF) has initiated a new 2,000-2,500 metre core drilling program at its Pangeni Copper Project in Zambia. The program focuses on expanding the mineralized footprint within the D-Prospect area, which has shown promising results from previous drilling campaigns.

Notable drill hole highlights from the D-Prospect's Nkala Zone include intersections of 16.16 metres grading 0.74% Copper with 533 ppm cobalt, and 18.10 metres grading 0.70% Copper. The D-Prospect's mineralization footprint is comparable to the Lumwana Copper Mine's Chimiwungo Deposit, with mineralization traced for approximately three kilometers.

The exploration program will focus on testing extensions and grade continuity of previously identified mineralized zones at D-Prospect and exploring satellite targets. The project's location within the western extension of the Zambian Copperbelt, combined with its largely unexplored terrain beneath Kalahari sand cover, suggests significant potential for copper mineralization discovery.

BeMetals Corp. (BMTLF) has announced significant expansion of copper mineralization at its Pangeni Copper Project in Zambia through recent core drilling results. The D-Prospect's footprint now extends approximately 3 kilometers, with the higher-grade Nkala Zone showing multiple promising drill intersections.

Key findings include:

• Nkala Zone: D12-C1 intersected 21.52 metres grading 0.30% copper
• Nkala Zone Extension: F4-C3 intersected 9.10 metres grading 0.11% copper
• Central Target: CT4 intersected 31.50 metres grading 0.10% copper

The D-Prospect's mineralization footprint is now comparable to the Lumwana Mine's Chimiwungo Deposit, with copper grades and mineralized widths meeting or exceeding those of certain large-scale copper mines in the Zambian Copperbelt. The company plans to conduct follow-up core drilling in Q1 2025.

BeMetals Corp announced that its 2024 shallow aircore drilling program at the Pangeni Copper Project in Zambia has identified four new important targets. The program revealed a 1.3-kilometer extension of the Nkala Zone copper mineralization, with a 400-metre-wide anomaly defined by copper values up to 638 ppm. Three additional satellite targets were discovered: Nkala Northwest (2,666 ppm Cu), CT Southwest (3,170 ppm Cu), and R Target (853 ppm Cu). The company completed 4,502 metres of aircore drilling, and the ongoing core drilling program has completed approximately 1,700 metres with first results expected in the coming weeks.

BeMetals Corp. (TSXV:BME)(OTCQB:BMTLF) has commenced a new exploration drilling program at its Pangeni Copper Project in Zambia. The program includes 5,000 meters of shallow aircore drilling and 2,000 meters of core drilling aimed at expanding copper mineralization at the D-Prospect. Recent drilling results have been positive, with multiple intercepts showing grades and widths comparable to major mines in the region. Highlights include:

- Hole D2-C3: 15.71m @ 0.31% Cu, including 8.08m @ 0.37% Cu
- Hole D14-C2: 31.50m @ 0.33% Cu, including 17.10m @ 0.40% Cu
- Previously reported Hole D24-C1: 16.16m @ 0.74% Cu with 533 ppm Co

The company has traced copper mineralization for 1.7 kilometers, with the higher-grade Nkala Zone extending approximately 1.2 kilometers. BeMetals is fully financed for this program following a recent $4.8 million private placement.

BeMetals Corp (TSXV:BMET, OTCQB:BMTLF) has closed a non-brokered private placement, raising $4.84 million by issuing 48,406,000 units at $0.10 per unit. Each unit consists of one common share and a half-warrant exercisable at $0.18 until July 31, 2025. B2Gold Corp, a related party, subscribed for $2.2 million worth of units, increasing its ownership to 24.5% of outstanding shares.

The funds will be used for exploration at the Pangeni Copper Project in Zambia, focusing on expanding copper mineralization discovered at the D-Prospect. BeMetals also issued shares to pay a milestone value payment for the Pangeni Project earn-in agreement.