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 has announced the first technical report for its Kato Project in Japan, revealing four priority drill targets based on historical data. The report consolidates findings from the 1990s and recent drilling, emphasizing a revised drilling strategy to enhance core recovery. Highlighted results from past drilling include intersections with gold grades reaching 8.15 g/t. The Kato Project, located in Hokkaido, showcases potential for significant gold deposits, drawing comparisons to high-grade mines like Hishikari. BeMetals aims to verify historical results and explore untested areas.
BeMetals Corp. announced the appointment of Mr. Nicholas Furber as the new Chief Financial Officer (CFO), succeeding Ms. Kristen Reinertson, who will continue as Corporate Secretary. Mr. Furber brings 25 years of financial experience, notably as CFO of Dynasty Metals & Mining Inc., where he oversaw its transition from exploration to production. BeMetals is advancing projects in Japan, the U.S., and Zambia, having recently acquired the Kazan Gold Project and secured a C$7.5 million investment from B2Gold Corp. Mr. Furber receives 500,000 stock options, subject to TSX Venture Exchange approval.
BeMetals Corp. has filed an updated independent National Instrument 43-101 Mineral Resource Estimate (MRE) Technical Report for its South Mountain Project as of April 20, 2021. This report, prepared by Hard Rock Consulting, highlights a significant increase in inferred resources, now more than doubled, and over a 21% rise in measured and indicated resources. The project has undergone extensive drilling, with 50 new core drill holes. The results will inform the ongoing Preliminary Economic Assessment planned for September 2021.
BeMetals Corp. (OTCQB:BMTLF) announced the start of its 2021 exploration program at the Pangeni Copper Project in Zambia, targeting higher-grade copper areas. With 4,000 meters of aircore drilling and 1,500 meters of core drilling planned, the company aims to expand on past encouraging results from 2019 and 2020. Global copper demand is expected to rise, enhancing the project's potential. Additionally, BeMetals granted 5,775,000 stock options to its directors and consultants, further supporting its growth strategy.
BeMetals Corp. has announced an updated Mineral Resource Estimate (MRE) for its South Mountain Project in Idaho, effective April 20, 2021. This new MRE shows a 21.8% increase in Measured and Indicated resources to 187,650 tonnes grading 9.63% Zinc, while Inferred resources jumped by 129.5% to 756,300 tonnes grading 7.63% Zinc. The increased resource base is attributed mainly to successful drilling in the DMEA Zone. A Preliminary Economic Assessment is expected to be completed by September 2021.
BeMetals Corp. has successfully finalized its acquisition of Kronk Resources Inc. and its subsidiary, Kazan Resources. This strategic move grants BeMetals access to a portfolio of advanced gold exploration projects in Japan. To facilitate this acquisition, BeMetals issued 32.6 million shares to Kronk shareholders and secured a $7.5 million investment from B2Gold Corp., now a major stakeholder with 19% ownership. BeMetals currently holds about C$11 million in cash and aims to advance its exploration projects in Japan and ongoing assessments for its South Mountain Project in Idaho.
BeMetals announces promising exploration drilling results from its 2020 field program at the Pangeni Copper Project in Zambia. Key findings include drill hole D3-C1, showing intervals of 3.98 metres at 0.39% Cu and 3.70 metres at 0.37% Cu. The results expand the D-Prospect's mineralized footprint and have led to new targets for 2021 exploration. Additionally, a Joint Exploration and Option Agreement with JOGMEC aims to accelerate exploration plans. The 2020 program involved 3,700 metres of aircore drilling and 770 metres of core drilling, with results impacting the project's future potential.
BeMetals Corp. has announced a Joint Exploration and Option Agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC) for the Pangeni Copper Project in Zambia. JOGMEC will invest US$1.5 million for initial exploration activities, with US$1 million due by March 31, 2021, and an additional US$500,000 by December 31, 2021. Following this investment, JOGMEC will earn a 27.8% interest in BeMetals' option for a total of 72% in the project. BeMetals expects to accelerate exploration efforts and report 2020 drilling results soon.
BeMetals Corp. has initiated a Preliminary Economic Assessment (PEA) for its high-grade South Mountain Zinc-Silver-Gold-Copper Project in Idaho. The company appointed Mine Technical Services Ltd. for the study, which includes updated metallurgical testing and a new mineral resource estimate from recent drilling. Notable results from hole SM20-027 include 30.85 metres at 4.66% Zinc and 103.9 g/t Silver. The PEA is expected to be completed by September 2021, which will assist in advancing the project towards potential mine construction.
BeMetals Corp. (TSXV:BMET)(OTCQB:BMTLF) announced its acquisition of Kronk Resources Inc. and its subsidiary Kazan Resources, focusing on gold exploration projects in Japan. The deal includes a non-brokered private placement of $7.5 million through the issuance of approximately 17.05 million shares to B2Gold Corp., raising B2Gold's stake to about 19% in BeMetals. This acquisition enhances BeMetals' portfolio with advanced projects like the Kato Project, expected to drive growth in the lucrative gold sector, leveraging B2Gold's expertise in precious metals exploration.