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CMC Metals Ltd. - CMCXF STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CMC Metals Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CMC Metals Ltd.'s position in the market.

News
CMC Metals Ltd. Releases a New Mineralization Model and Selected 2023 Drill Results from Its Silverknife Property
Rhea-AI Summary
CMC Metals releases a new mineralization model and selected 2023 drill results from its Silverknife Property. The company presents a conceptual mineralization model based on recent and historical data, guiding future exploration efforts. Notable drill results include high levels of zinc, lead, gold, silver, and copper in various intervals. Fugitive calcite veining indicates the presence of a significant mineralizing system. CEO Kevin Brewer highlights the potential of the Silverknife Prospect Zone and the importance of the developed mineralization model.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.45%
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News
CMC Announces Shares for Debt Agreement To Improve Its Balance Sheet
Rhea-AI Summary
CMC Metals settles $163,457.02 of debt through the issuance of common shares, improving the company's balance sheet. The Debt Settlement involves issuing shares to both non-arm's length and arms length creditors, subject to TSX Venture Exchange approval. The shares have a four-month hold period and are priced at $0.045 per share. The settlement is considered a related party transaction under MI 61-101, with exemptions from formal valuation and minority shareholder approval requirements. Kevin Brewer, President and CEO of CMC, expresses gratitude towards service and supply companies for their participation in the agreement, positioning the company to advance its silver projects in the Rancheria Silver District.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.04%
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News
CMC Welcomes North Bay Resources Inc. Purchase of 55.5% of 0877887 B.C. Ltd and Its Gold Processing Mill in Bishop, CA, USA and Director Resignation
Rhea-AI Summary
CMC Metals announces acquisition of 55.5% of 0877887 BC and assets of Bishop Mill in California from North Bay Resources Inc. The deal involves cash and share payments, making NBRI the project operator. The Bishop Mill has a flotation circuit capable of processing 96 tons per day, with plans for near to medium-term operation. The announcement also includes the resignation of a long-serving Director, Mr. Robert Wheeler.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.37%
Tags
management
News
CMC Metals Ltd. Identifies Significant Exploration Potential on Its Silverknife Property in the Emerging Rancheria Silver District, Northern B.C.
Rhea-AI Summary
CMC Metals announces positive exploration results at Silverknife Property in the Rancheria Silver District. The company identified four key zones with significant exploration potential proximal to high-grade silver-lead-zinc deposits. Future plans include securing a strategic partner for aggressive exploration and advancing drilling efforts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.6%
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News
CMC Announces Cancellation of Private Placement and the Agreement to Acquire the Gavilanes Project in Durango, Mexico Due to the Rejection of the Exploration Permit Renewal by SEMARNAT
Rhea-AI Summary
CMC Metals Ltd. (CMCXF) cancels $1.2 million private placement due to permit extension failure in Mexico but remains interested in Gavilanes project. The company shifts focus to its flagship Silverknife Property in British Columbia.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.84%
Tags
acquisition
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News
CMC Announces Private Placement to Raise Up to $1,200,000
Rhea-AI Summary
CMC Metals Ltd. announces a non-brokered private placement of non-flow through units at $0.035 per Unit, aiming to raise up to $1.2 million. The Company plans to utilize 85% of the proceeds for property expenses and exploration in Mexico and Canada, with the remainder for general working capital. The Offering includes common shares and warrants, with finders' fees possible. The securities will be subject to a hold period and are not registered under the U.S. Securities Act.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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CMC Metals Ltd. Acquires 100% Ownership of the Amy and Silverknife Properties and An Additional Mineral Tenure in the Emerging Rancheria Silver District, Northern B.C.
Rhea-AI Summary
CMC Metals Ltd. announced the completion of the final payment on the Silverknife and Amy Properties, acquiring an additional Mineral Tenure at Amy. The deal was completed on February 1, 2024, making CMC a 100% owner of the properties. The original final payment of the option agreement was amended to include a payment of 2,000,000 common shares to Mr. Steven Scott. The Silverknife Property is located west of Coeur Mining Inc.'s high-grade silver-lead-zinc-critical minerals deposit. CMC intends to focus future exploration efforts on the North Tootsee area of the Property. Amy is another high-grade silver-lead-zinc target with preliminary high-grade resource verification. CMC also acquired 100% rights to an additional mineral tenure located in the center of the Amy Property. Both acquisitions are seen as significant milestones for CMC as it advances exploration on its properties.
Rhea-AI Impact
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End-of-Day
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acquisition
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News
CMC Metals Ltd. Provides an Update on its Gavilanes Silver-Gold-Polymetallic Project in the San Dimas Area, Durango, Mexico
Rhea-AI Summary
CMC Metals Ltd. provides an update on its Gavilanes silver-gold-polymetallic project, including exploration plans for 2024 and progress on financing. The company has expressed confidence in its ability to proceed with its plans, aiming to release an exploration strategy focused on resource expansion. The Gavilanes Project has a current NI 43-101 Inferred Resource of 18,174,000 contained silver-equivalent ounces at an average grade of 320.3 g/t Ag-Eq within 1,765,000 tonnes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-33.33%
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none
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News
CMC Metals Ltd. to Present at 2024 Vancouver Resource Investment Conference - "The Gavilanes Project - An Exciting Acquisition in the Emerging San Dimas Mining District, Durango, Mexico"
Rhea-AI Summary
CMC Metals Ltd. (TSXV: CMB) (FSE: ZM5P) (OTCQB: CMCXF) announces the acquisition of the Gavilanes Project in the San Dimas Mining District, State of Durango, Mexico. The project has a current NI 43-101 compliant resource of 18,174,000 contained ounces of AgEq at an average grade of 320 g/t AgEq. Kevin Brewer, President of CMC Metals Ltd., will present details at the Vancouver Resource Investment Conference on January 21-22, 2024.
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End-of-Day
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conferences acquisition
News
CMC Announces Schedule of Events to Promote Its Activities and the Gavilanes Project
Rhea-AI Summary
CMC Metals Ltd. (TSXV:CMB)(Frankfurt:ZM5P)(OTCQB:CMCXF) announces the acquisition of the Gavilanes silver-gold-polymetallic exploration property in Mexico. The property has a current NI 43-101 Inferred Resource of 18,174,000 contained silver-equivalent ounces at an average grade of 320.3 g/t Ag-Eq within 1,765,000 tonnes. The company plans to issue regular press releases, attend conferences, and conduct interviews to promote the acquisition. The acquisition is expected to generate a significant return to shareholders and enable continued exploration efforts on other projects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
27%
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CMC Metals Ltd.

OTC:CMCXF

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CMCXF Stock Data

4.96M
140.52M
4.03%
Crushed and Broken Limestone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
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Canada
Vancouver