Welcome to our dedicated page for LIGHTNING RESOURCE news (Ticker: BMTLF), a resource for investors and traders seeking the latest updates and insights on LIGHTNING RESOURCE 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 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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.