Btu Metals Stock Price, News & Analysis

BTU Metals Corp. has begun drilling operations on the Pakwash North target in the Dixie Halo project, Ontario. This initiative seeks to explore untested geophysical targets with potential base metal and gold-silver mineralization. The project is adjacent to Great Bear Resources and backed by a recent $1.8 billion acquisition of Great Bear by Kinross Gold Corporation. Initial studies indicate promising mineralization correlating copper, zinc, and silver with gold potential, warranting the maiden drill program.

BTU Metals Corp. announced the restart of its drill program on the Dixie Halo and Pakwash North properties in Red Lake, Ontario. The drilling, fully funded, will focus on gold and copper-gold-silver exploration over a 230 km² area. Notably, assay results from 10 drill holes are pending, while preliminary assays show promising findings, including up to 6.83% CuEq. The program will advance until Spring breakup, targeting areas contiguous to Great Bear Resources amidst increased regional interest due to recent acquisition offers in the sector.

BTU Metals Corp. has expressed congratulations to Great Bear Resources Ltd. on its acquisition by Kinross Gold Corp. for about $1.8 billion. BTU shares a 35km boundary with Great Bear and is actively exploring its own Dixie Halo project in Ontario. CEO Paul Wood noted that increased activity from major producers highlights the potential for gold in the Red Lake area. BTU recently completed ten drill holes and plans to resume drilling in the new year. The company aims to capitalize on the growing interest in gold mineralization in the region.

BTU Metals Corp. announced the closing of a non-brokered private placement, raising $274,500 through the sale of 3,050,000 units at $0.09 per unit. Each unit consists of one common share and one-half share purchase warrant, allowing the purchase of additional shares at $0.15 for 18 months. The financing is subject to final approval by the TSX Venture Exchange, and proceeds will support operations at the Dixie Halo project. A finder's fee of $7,245 was paid, and the shares are under a 4-month hold.

BTU Metals Corp. has successfully completed a non-brokered private placement, raising $540,000 by issuing 6,000,000 flow-through units at $0.09 each. Each unit consists of one common share and a half warrant, with the whole warrant allowing the purchase of one share at $0.15 for 18 months. Funds will be allocated to ongoing work at the Dixie Halo Project in Ontario, targeting high-grade gold and VMS deposits. The offering is pending final approval from the TSX Venture Exchange.

BTU Metals Corp. announces an increase in its non-brokered private placement to 3,050,000 units priced at $0.09 each, raising $274,500 in gross proceeds. Each unit consists of one common share and one-half share purchase warrant, with the full warrant exercisable at $0.15 for 18 months. Proceeds will fund ongoing work at the Dixie Halo Project in Ontario and cover general administrative costs. The offering is expected to close within the next 7 days, pending TSX Venture Exchange approval.

BTU Metals Corp. has commenced its 2,200-meter drill program at Hiewall Lake targets, as announced on October 27, 2021. The drilling aims to explore areas with noted alteration and sulphide mineralization, which are often linked to gold deposits. The program will run for several weeks and is expected to conclude before the Christmas break. The technical information in the release has been reviewed by Bruce Durham, a qualified person under National Instrument 43-101.

BTU Metals Corp. has begun trading its common shares on the OTCQB Venture Market under the symbol BTUMF as of September 13, 2021. CEO Paul Wood highlighted that this move will enhance the company's visibility and accessibility to the US and global investors, leading to improved trading conditions, transparency, and liquidity. The company's shares will concurrently continue to be available on the TSX Venture Exchange under the symbol BTU. The OTCQB platform supports international companies in the natural resources sector.

BTU Metals Corp. (TSXV:BTU) announced the grant of 2,125,000 stock options to its directors, officers, and consultants. Each option is exercisable at a price of $0.10 per share for a period of three years from the date of grant. This move aligns with the company's stock option plan, aimed at incentivizing key personnel.