Welcome to our dedicated page for Bemetals news (Ticker: BMTLF), a resource for investors and traders seeking the latest updates and insights on Bemetals stock.
BeMetals Corp. explores and develops precious and base metals projects, with a portfolio that includes the Savant Gold Project in northwestern Ontario, the Pangeni Copper Project in the Zambian Copperbelt, and gold exploration projects in Japan. Company news commonly covers surface sampling and reconnaissance work, exploration planning, project-level technical updates, and acquisition evaluation within its mineral portfolio.
Recurring corporate updates also include flow-through financings for Canadian exploration expenditures, debt settlement, share consolidation and TSX Venture Exchange trading matters, investor relations arrangements, executive management changes, shareholder voting matters, governance updates, and operating and financial results.
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.
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.
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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