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. (OTCQB: BMTLF) generates news primarily through exploration, financing, and corporate developments related to its gold and copper projects. The company describes itself as a precious and base metals exploration and development company with a portfolio that includes the Savant Gold Project in northwestern Ontario, the Pangeni Copper Project in the Zambian Copperbelt, and the Kazan gold exploration projects in Japan.
News updates commonly cover technical results from drilling and field programs, particularly at Pangeni, where BeMetals reports multi-kilometre trends of copper mineralization at the D-Prospect, including the Nkala Zone and Ingwe shoot. Releases also detail option and partnership agreements, such as the definitive option agreement with Prospector Metals Corp. for the Savant Gold Project and an agreement allowing a partner to fund exploration at the Kazan projects while BeMetals retains equity exposure.
Investors following BMTLF news will also see announcements on corporate finance and balance sheet changes, including non-brokered private placements of flow-through shares for exploration at Savant, the sale of marketable securities, and transactions with B2Gold Corp. involving debt extensions, conversions of convertible debentures into equity, and subsequent debt settlement and forgiveness that BeMetals states have left the company debt-free.
Additional news topics include executive and board changes, appointments such as an Interim CEO, and the engagement of investor relations and communications service providers. For readers tracking BeMetals, this news feed offers a consolidated view of exploration progress, option and partnership milestones, and capital structure developments across the company’s project portfolio.
BeMetals Corp. has initiated a Phase 2 underground diamond drilling program at its high-grade South Mountain Zinc-Silver-Gold-Copper Project in Idaho, with plans to drill approximately 2,400 metres across 25 holes. This effort aims to expand mineral resources and conduct infill drilling at the DMEA Zone, preparing for an updated resource estimate and Preliminary Economic Assessment set for 2021. The program builds on previous successful findings, particularly from 2019, which revealed significant gold and silver components in the DMEA Zone and high-grade targets in the Texas Zone.
BeMetals Corp. announced the identification of high-priority targets at the Texas Zone in preparation for a Phase 2 underground diamond drilling program at its South Mountain Project in Idaho. The program aims to confirm mineralization grades and extend known mineral resources. Highlights include significant historical drill results, with intersections showing high grades of zinc, silver, gold, and copper. The Phase 2 program will include about 25 drill holes totaling 2,400 meters. Initial drilling is set to commence mid-September 2020, with an updated resource estimate expected in early 2021.