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BTU Metals Corp. - BTUMF STOCK NEWS

Welcome to our dedicated page for BTU Metals news (Ticker: BTUMF), a resource for investors and traders seeking the latest updates and insights on BTU Metals stock.

BTU Metals Corp. is a junior mining exploration company focused on the Dixie Halo Project located in Red Lake, Ontario. The company recently acquired a 100% interest in two large gold exploration projects: the Echum Gold Project and the Hubcap Gold Project in northern Ontario. These projects cover areas of historic gold mineralization and have great potential for exploration. CEO Paul Wood expressed excitement about these acquisitions and the company's plans for future exploration. BTU Metals Corp. also maintains a cash balance of approximately $1.5M and has no debt or property obligations, positioning it well for future growth.

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BTU Metals Corp (OTCQB:BTUMF) announced on June 13, 2024, the acquisition of two gold exploration projects: the Echum Gold Project and the Hubcap Gold Project in the Wawa gold district of northern Ontario. These projects, adjacent to Alamos Gold and Red Pine Exploration properties, cover historic gold mineralization areas. The properties span over 16,048 hectares with no ongoing payments or work commitments apart from Ontario's assessment work requirements. The acquisition, costing CAD$25,000 and 5 million BTU shares, positions BTU to commence exploration immediately. The projects benefit from proximity to infrastructure and existing geological data.

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BTU Metals Corp. has acquired two extensive gold properties in the Wawa Gold District, the Echum Gold Project adjacent to Alamos Gold and the Hubcap Gold Project adjacent to Red Pine Exploration. Each project covers historic gold mineralization areas in northern Ontario. The properties have no ongoing payments, net smelter royalties not exceeding 2%, and excellent infrastructure proximity. BTU CEO Paul Wood expressed excitement over the projects' potential and plans for exploration. The acquisition includes 763 mining claims over 16,048 hectares, with a consideration of CAD$25,000 and 5 million BTU treasury common shares.

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BTU Metals Corp. announces updates on the exploration work completed on the Dixie Halo Project optioned to Kinross Gold Corporation. Kinross budgeted $85 million for 2024 for the Great Bear Project, adjacent to Dixie Halo. Deep drill hole results showed 389.57 g/t gold. GBR plans re-logging, sampling, and a drilling program. BTU received $300,000 from GBR and has a cash balance of $1.7M.
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BTU Metalscorp. provides an update on the progress of its Dixie Halo project in the Red Lake Mining district, including near-term exploration activities and the commitment of partner Kinross Gold Corporation. The company also highlights its solid working capital position and the approval of the Option Agreement by shareholders.
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FAQ

What is BTU Metals Corp. focused on?

BTU Metals Corp. is a junior mining exploration company focused on the Dixie Halo Project located in Red Lake, Ontario.

What recent acquisitions has BTU Metals Corp. made?

BTU Metals Corp. recently acquired a 100% interest in the Echum Gold Project and the Hubcap Gold Project in the active Wawa gold area of northern Ontario.

What are the main highlights of the Echum and Hubcap properties?

The Echum and Hubcap properties cover areas of historic gold mineralization and are adjacent to significant mining projects, offering considerable exploration potential.

What is the current financial status of BTU Metals Corp.?

BTU Metals Corp. maintains a cash balance of approximately $1.5M, with no debt or property obligations.

Who is the CEO of BTU Metals Corp.?

Paul Wood is the CEO of BTU Metals Corp. and has expressed excitement about the recent acquisitions and future exploration plans.

BTU Metals Corp.

OTC:BTUMF

BTUMF Rankings

BTUMF Stock Data

3.72M
111.44M
20.84%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
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