Emergent Metals Stock Price, News & Analysis

Emgold Mining Corporation announced the results from its Annual General Meeting held on December 2, 2020. All resolutions were approved, including the election of four directors: David Watkinson, Robert Rosner, Andrew MacRitchie, and Vincent Garibaldi. MNP LLP was re-appointed as the company's auditor, and the Incentive Stock Option Plan received re-approval. Emgold, focused on gold and base metal exploration in Nevada and Quebec, aims to enhance shareholder value through strategic acquisitions and monetization of its assets.

Emgold Mining Corporation has acquired the remaining 50% interest in the East-West Property in Quebec from Knick Exploration Inc. The acquisition, which is part of a repayment for a CDN $50,000 loan, secures full ownership of the property, strategically located near significant gold operations. Regulatory approval is pending. The East-West Property is adjacent to the past-producing Kiena Mine and O3 Mining's Malarctic Property, indicating potential exploration value, although success is not guaranteed.

Emgold Mining Corporation has secured a Permit for drilling activities at the New York Canyon Property in Nevada, approved by Kennecott Exploration Company, a Rio Tinto subsidiary. The drilling is part of an Earn-In Agreement where KEX can earn up to 75% interest by spending US$22.5 million on exploration. The project will last for two years, with initial expenditures of US$1 million required within 18 months. The Property covers approximately 8,700 acres with historical production of gold and silver, but further verification is needed to confirm current mineral resources.

Emgold Mining Corporation (OTC PINK:EGMCF) has initiated fall/winter exploration on its Mindora Property in Nevada. The exploration plan includes reviewing historic data, conducting surface mapping, and geophysics, along with geochemical sampling. A reverse circulation drilling program will be designed to twin historic holes and explore known mineralized zones. The Mindora Property features epithermal gold and silver deposits along with potential copper mineralization. Emgold emphasizes its commitment to maximizing shareholder value through strategic exploration and asset management.

Emgold Mining Corporation has successfully closed a non-brokered private placement, raising a total of CDN$2,428,038.60. This includes 10,410,000 flow-through units at CDN$0.10 each and 15,411,540 non-flow-through units at CDN$0.09 per unit. The funds will support exploration efforts on Canadian properties in Quebec, with CDN$66,860 in cash and warrants paid as finders' fees for the flow-through units. The company’s projects include advanced gold properties in Nevada and early-stage gold properties in Quebec. The placement is pending final approval from the TSX Venture Exchange.

Emgold Mining Corporation is set to conduct two private placements due to strong investor interest, following a recently closed CDN$2.0 million placement. The non-brokered non-flow-through private placement will offer up to 22,222,222 units at CDN$0.09 each, aiming for CDN$2 million gross proceeds. Insiders may participate, exempt from formal valuation requirements. The flow-through private placement will consist of 10,000,000 units at CDN$0.10 each, for a maximum CDN$1 million. Proceeds will fund exploration and working capital. Both offerings require TSX Venture Exchange approval.