Green Bridge Stock Price, News & Analysis

Green Bridge Metals (OTCQB:GBMCF) has filed a NI 43-101 Technical Report and Mineral Resource Estimate for its Serpentine Copper-Nickel Project in Minnesota. The report reveals significant mineral resources, including 21.6 million tonnes of Indicated Resources at 0.46% Cu, 0.16% Ni, and 0.014% Co, plus 279.9 million tonnes of Inferred Resources at 0.37% Cu, 0.12% Ni, and 0.007% Co.

The project features a high-grade core Massive Sulphide domain containing 1.8 million Indicated tonnes grading 1.16% Cu and 0.52% Ni. The deposit's geometry is favorable for open-pit development with potential low strip ratios. The company plans follow-up exploration in late 2025/early 2026, including infill drilling and metallurgical testing, advancing toward a Preliminary Economic Assessment.

Green Bridge Metals (OTCQB:GBMCF) has reported significant copper-nickel mineralization from previously unsampled core at the Skibo prospect in Minnesota. Key findings include intercepts of 0.28% Cu and 0.15% Ni over 153 meters, including 3.1m at 1.6% Cu, 0.4% Ni, and 18.3 ppm Platinum Group Elements (PGE).

The drilling program revealed potential for both bulk tonnage and high-grade copper-nickel systems, with significant PGE and Cobalt mineralization. Notable results include 54.2m of 1982.6 ppm Co and 51.5m at 4.2% TiO2. The technical team identified two mineralization horizons: one near surface associated with Oxide Ultramafic Intrusions and another deeper horizon above Virginia Formation sediments.

The company plans to continue the core sampling program to define the mineralized system's extent and develop drill targets for resource definition at Skibo.

Green Bridge Metals (OTCQB:GBMCF) has entered into a definitive agreement with Encampment Minerals Inc. to acquire up to a 70% interest in the Serpentine Copper-Nickel-PGE project in Minnesota. The project features a significant historical mineral resource estimate of 277Mt @ 0.37% copper and 0.12% nickel (Inferred) and 22Mt @ 0.47% copper and 0.16% nickel (Indicated).

The Serpentine Project demonstrates strong metallurgical recoveries of 95.3% Cu and 81.6% Ni, with favorable infrastructure access in an established mining district. The project benefits from U.S. federal policy support for domestic critical metals production and has received permits for nine new exploration drill pads for 2025-26.

Green Bridge Metals (GBMCF) has entered into a non-binding Letter of Intent with Encampment Minerals to option the Serpentine Project in Minnesota, USA. The project hosts a significant copper-nickel sulphide deposit with a historical resource estimate of 277Mt @ 0.37% Copper and 0.12% Nickel (Inferred) and 22Mt @ 0.47% copper and 0.16% nickel (Indicated).

Under the LOI terms, Green Bridge can acquire up to 70% interest in the project by issuing $6M in shares and funding $25M in expenditures. The Serpentine Project is strategically located in the Mesabi Range mining district, with access to essential infrastructure including roads, railways, and power. Early metallurgical test work showed strong recoveries of 95.3% Cu and 81.6% Ni.

Green Bridge Metals (GBMCF) has announced promising results from its VTEM™ geophysical survey at the Titac property within the South Contact Zone Project. The survey has identified five new drill targets with magnetic highs, suggesting potential titanium-vanadium and copper mineralization. The property already hosts a titanium resource of 46.6 Mt at 15% TiO2. Key findings include potential for resource expansion at Titac South and North, with historic drilling showing copper intercepts up to 0.3% and documented chalcopyrite up to 2.7%. The company currently holds drilling permits for Titac South and North areas, with plans to expand the existing titanium resource and develop a maiden resource for Titac North. The project's location near NewRange's NorthMet property, which has received FAST-41 status for expedited permitting, adds strategic value.

Green Bridge Metals (GBMCF) has announced key achievements from 2024 and outlined its 2025 plans for the South Contact Zone and Chrome-Puddy projects. In 2024, the company reported significant prospecting results from Chrome-Puddy, revealing widespread iron-nickel oxide mineralization with samples returning up to 0.38% Ni. The company also acquired an 80% earn-in option for the South Contact Zone in Minnesota's Duluth Complex.

The South Contact Zone includes four prospects: Titac (with an Inferred Mineral Resource of 46.6M tonnes at 15% TiO₂), Skibo (currently undergoing core sampling), Wyman-Siphon (historical resource of ~47M short tonnes at 0.29% Cu, 0.11% Ni), and Boulder. For 2025, the company plans drilling programs at Chrome-Puddy and Titac, with a 5000-meter program scheduled for Titac North and South in H2 2025.

The company strengthened its management team in 2024, adding expertise in technical, financial, and sustainability areas, including Robert G. Krause, Dr. George J. Hudak, Christopher Gulka, and Dr. Ajeet Milliard.

Green Bridge Metals has successfully closed the first tranche of its non-brokered private placement, raising $1,199,750.05 through the issuance of 7,998,334 common shares at $0.15 per share. The company may close additional tranches by March 7, 2025, targeting total gross proceeds of up to $1.5 million.

The proceeds will be used to support existing operations and general working capital. The company issued 79,983 shares to Amalfi Corporate Services as an administrative fee. All securities issued are subject to a four-month hold period ending June 5, 2025.

Additionally, Green Bridge has extended its engagement with MIC Market Information & Content Publishing for online marketing services until May 5, 2025, with a payment of EUR125,000 for the extension.

Green Bridge Metals (CNSX:GRBM)(OTCQB:GBMCF) has issued a clarification regarding its technical disclosures following a review by the British Columbia Securities Commission. The company acknowledges that it lacks a compliant resource estimate for its SCZ project and that its Chrome Puddy project is in the exploration stage. Green Bridge has retracted previous disclosures about mineral resources and historical estimates that were not compliant with National Instrument 43-101 standards. The company has removed non-compliant presentations and technical disclosures from its website and plans to file a new technical report for the Chrome Puddy project by August 8, 2024. Investors are advised not to rely on the retracted information.

Green Bridge Metals has engaged Geotech to conduct a helicopter-borne Versatile Time-Domain Electromagnetic (VTEM™ Plus) and magnetic survey at the Chrome Puddy Project in Thunder Bay, Ontario. This survey aims to identify drill targets linked to nickel mineralization found in historical drill holes and refine untested conductors from a previous 2000 survey. The survey, covering 224 line-km at 100 m spacing, is set for completion in July 2024.

CEO David Suda expressed optimism about the VTEM survey refining drill targets and advancing the project to drill stage by Q4 2024. The Chrome Puddy property, featuring nickel, copper, cobalt, and platinum group metals, spans a 6.5 km by 1.5 km ultramafic intrusion. Green Bridge also contracted A-Star Prospecting to establish a base camp and conduct channel sampling, continuing the work from the 2023 prospecting program that found elevated nickel values.

Geotech's VTEM™ Plus system will map geologic structures and variations in resistivity, aiding in identifying both sulphide and oxide mineralization targets. The results will finalize drill targets for an upcoming drilling program.