Btu Metals Stock Price, News & Analysis

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.

BTU Metals Corp. (BTU-TSX:V; BTUMF-OTC PINK) released assay results from ten drill holes totaling 3086.5 meters in the northeast area of its Dixie Halo property. Although all holes intersected anomalous gold, assays were not significant. Potential for higher gold values exists due to associations with mineralization found. New drill targets have been identified, particularly in the Pakwash North property, with expectations for further drilling following logistical arrangements. Paul Wood, CEO, remains optimistic about future gold exploration despite current assay results.

BTU Metals Corp. has completed drill hole BTU-21-66 at the TNT target area, reaching 589 meters. All 10 drill holes targeting gold have been logged, with samples sent for analysis. Significant arsenopyrite mineralization was intersected, suggesting a connection to the LP Fault. The area has 2.4 km of strike on BTU ground. Additionally, a field program is underway to generate new targets on the 230 km² property, with plans to drill identified targets in the coming months. The Red Lake area remains active with potential for new gold discoveries.

BTU Metals Corp. (TSX:V:BTU, OTC PINK:BTUMF) has commenced drilling at the TNT area on its Dixie Halo properties, aimed at testing new high-priority targets near Red Lake, Ontario. The targets were developed using extensive geological and geophysical data, including recent surveys and geochemical analysis. The company highlights the TNT copper-silver-gold discovery from December 2019 as a significant focus. Investors are encouraged to watch a new video discussing the rationale behind the drilling.

BTU Metals Corp. (TSXV:BTU)(OTC PINK:BTUMF) has granted 600,000 stock options to a director and an officer, exercisable at $0.14 per share for a period of three years. This move aligns with the company's stock option plan, aiming to incentivize key personnel. The decision signifies BTU's commitment to retaining talent and aligning interests with shareholders by offering equity-based compensation.

BTU Metals Corp. has announced the results of recent geophysical surveys related to the TNT copper-silver-gold discovery in Ontario. Key highlights include immediate drilling of two conductive targets identified on line 500S and successful completion of 10 drill holes in the northeast of the property. The surveys indicate strong mineralization potential and a direct correlation between copper, silver, and gold. The Red Lake area remains active with significant mining developments, and COVID-19 has not disrupted the Company’s exploration schedule.