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BeMetals Corp. - BMTLF STOCK NEWS

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BeMetals Corp. (BMTLF) is a precious and base metals exploration and development company focusing on becoming a leading metal producer through acquiring quality projects. The company's Pangeni Copper Project in Zambia has shown significant copper mineralization under the Kalahari sand cover, with multiple high-grade zones identified through recent drilling programs. The ongoing exploration activities aim to expand the footprint of the mineralization, potentially leading to the discovery of a tier one copper deposit in the renowned Zambian Copperbelt region.

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BeMetals has announced a $7 million private placement for up to 70 million units at $0.10 per unit. Each unit includes one common share and a half-share purchase warrant, with each whole warrant allowing the purchase of an additional share at $0.18 within a year. B2Gold, a related party, will contribute $1.4 million to maintain its 19% stake. The funds will primarily support drilling at the Pangeni Copper Project in Zambia and general corporate purposes. Recent drilling results have shown significant copper mineralization, and the second phase of drilling, the largest to date, will begin in August. The offering is subject to TSX Venture Exchange approval and a four-month hold period.

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BeMetals has announced the discovery of significant copper sulphide mineralization at the Pangeni Copper Project in Zambia. Three of four new core holes intersected copper, with notable results from holes D24-C1, D11-C3, and D22-C2, which match the grades and widths of large-scale copper mines in the Domes Region. The total mineralized zone extends over 1.7 km and remains open for expansion.

Highlights include Hole D24-C1 with 16.16m at 0.74% Cu and 533 ppm Co, Hole D11-C3 with 23.20m at 0.54% Cu and 263 ppm Co, and Hole D22-C2 with 14.78m at 0.42% Cu. The project aims to continue exploring for a tier-one copper deposit.

BeMetals plans further drilling to expand the mineralized footprint, supported by strong copper demand and significant investments in the Zambian mining sector. The results are promising for future resource expansion.

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BeMetals Corp. announces positive drilling results at Pangeni Copper Project in Zambia, showing multiple zones of copper mineralization. The company is encouraged by the significant scale potential of the copper mineralization beneath the Kalahari sand cover.
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BeMetals Corp. (TSXV:BMET)(OTCQB:BMTLF)(Frankfurt:1OI.F) announces results of drill hole D22-C1 at the Pangeni Copper Project, completion of 2023 phases of drilling at the Kato and Todoroki projects in Japan, and a C$2 million funding with B2Gold Corp.
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BeMetals Corp. announces significant results from its 2023 aircore campaign at the Pangeni Copper Project. Three newly identified higher-grade target zones outlined. Core drill testing of these target zones planned to commence in September, 2023.
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BeMetals Corp. closes private placement, raising C$3.3 million from B2GoldCorp.
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BeMetals (TSXV:BMET)(OTCQB:BMTLF)(Frankfurt:1OI.F) secures C$5.3 million funding with B2Gold Corp. for exploration at gold projects in Japan and copper project in Zambia. B2Gold to acquire C$3.3 million convertible debenture and commits to C$2 million additional funding. The private placement and bridge loan will support ongoing exploration and working capital needs.
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FAQ

What is BeMetals Corp. focused on?

BeMetals Corp. is a precious and base metals exploration and development company aiming to become a leading metal producer through acquiring quality projects.

Where is the Pangeni Copper Project located?

The Pangeni Copper Project is situated in Zambia and is showing significant copper mineralization beneath the Kalahari sand cover.

What are the recent achievements of BeMetals Corp.?

Recent drilling at the Pangeni Copper Project has identified multiple high-grade copper zones, indicating the potential for a significant copper deposit discovery.

What is the goal of the ongoing exploration activities at BeMetals Corp.?

The ongoing exploration aims to expand the footprint of the copper mineralization at the Pangeni Project, potentially leading to the discovery of a tier one copper deposit in the Zambian Copperbelt region.

BeMetals Corp.

OTC:BMTLF

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BMTLF Stock Data

13.04M
120.47M
32.07%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
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