Welcome to our dedicated page for Green Bridge news (Ticker: GBMCF), a resource for investors and traders seeking the latest updates and insights on Green Bridge stock.
Green Bridge Metals Corp. (GBMCF) generates a steady flow of news as it advances critical mineral and battery metal exploration projects in North America. Company releases focus on exploration results, technical reports, option agreements and financing activities related to its copper-nickel, cobalt, PGE, titanium and vanadium targets.
Recent news highlights include non-brokered private placements of units composed of common shares and warrants, with proceeds intended to support existing operations and working capital. Green Bridge also reports on agreements with partners, such as its definitive agreement with Encampment Minerals Inc. to option the Serpentine copper-nickel project in Minnesota, and on share-based payments under those agreements.
Project-focused updates cover the South Contact Zone and South Contact District in the Duluth Complex, including the Titac and Skibo properties, where the company has disclosed NI 43-101 mineral resource estimates, drilling permits, core sampling campaigns and geophysical survey results. Additional releases describe the filing of NI 43-101 Technical Reports and Mineral Resource Estimates for the Serpentine Project, as well as assay results from previously unsampled drill core at Skibo that indicate both bulk-tonnage and higher-grade copper-nickel mineralization with associated cobalt, PGEs and titanium dioxide.
Investors following GBMCF news can also read about prospecting and sampling work at the Chrome-Puddy project in Ontario, historical resource references at Wyman-Siphon and Boulder, and the company’s commentary on the policy environment for critical minerals in the United States. This news page provides a centralized view of Green Bridge’s exploration milestones, corporate agreements and capital-raising activities.
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.
Green Bridge Metals (CNSX:GRBM, OTCQB:GBMCF) has announced a comprehensive 12-month exploration plan for its South Contact Zone (SCZ) and Chrome Puddy projects in Minnesota and Ontario, respectively. The SCZ plan will include extensive drilling and geophysical surveys to expand known mineralized systems, focusing on the Titac, Skibo, and Boulder properties. In Chrome Puddy, efforts will target historical nickel resources using state-of-the-art airborne geophysical surveys. The company aims to enhance resource estimates and identify new exploration targets. CEO David Suda emphasized the significant potential for copper, nickel, titanium, and vanadium mineralization and expects a catalyst-rich year for shareholders.
Green Bridge Metals (CNSX:GRBM, OTCQB:GBMCF, FRA:J48, WKN:A3EW4S) announced, on June 24, 2024, that it has acquired an option to earn an 80% interest in the 8,460-hectare South Contact Zone Project in Minnesota's Duluth Complex. The project targets copper, nickel, and platinum group elements. The agreement with Encampment Minerals Inc. follows previous announcements made on February 6, 2024, and May 13, 2024. The recent closing of a private placement on June 19, 2024, has fulfilled the final condition for the option agreement. Exploration work is set to commence immediately. CEO David Suda expressed gratitude for shareholder support and partnership opportunities, highlighting the strategic importance of the Duluth Mineral Complex, one of the world's largest undeveloped mineral deposits.
Green Bridge Metals (CNSX: GRBM; OTCQB: GBMCF; FWB: J48) announced the successful closing of a non-brokered private placement, issuing 28,583,073 units at $0.13 per unit for gross proceeds of $3,715,799.55. Each unit includes one share and a half-share purchase warrant, with each warrant allowing the purchase of an additional share at $0.25 within five years.
Proceeds will support existing operations and general working capital. Arms-length finders received $194,060.01 in cash and 1,492,769 broker warrants. Additionally, 571,661 shares were issued to Amalfi Corporate Services , controlled by Green Bridge's CFO Geoff Balderson, for administrative services. All securities issued are subject to a hold period until October 20, 2024.
The company has also engaged DS Market Solutions Inc. for equity trading advisory and liquidity provider services, with a compensation of CAD$5,000 per month, starting from July 2, 2024.
Green Bridge Metals has appointed Michael Henrichsen as Technical Advisor to the Board effective immediately. Henrichsen, a seasoned geologist with a distinguished career at Newmont , brings significant expertise in structural geology. He has managed technical programs in Ghana, leading to multiple gold discoveries, and has overseen initiatives to locate high-grade ore in Peru and Nevada. At Auryn Resources, he developed a major project portfolio and secured a $35 million investment from Goldcorp. He also contributed to the acquisition and profitable sale of the Homestake Ridge Project. Currently, as Chief Geological Officer at Torq Resources, he formed a strategic partnership in Chile that led to a $15 million investment from Goldfields. CEO David Suda stated that Henrichsen's expertise will greatly influence Green Bridge's strategic decisions and accelerate growth.
On May 15, 2024, Green Bridge Metals revealed promising prospecting results for its Chrome Puddy Project, indicating significant iron-nickel oxide mineralization and a CO2 sequestration opportunity. Analysis of 52 grab samples showed nickel values up to 0.38% Ni, averaging 0.20% Ni. CEO David Suda highlighted the potential for a bulk tonnage nickel deposit and significant CO2 capture. Historically, a 1964 discovery estimated 30 million tons of nickeliferous magnetite resource. Current efforts aim to expand this with an estimated 80-100 million tons. Further exploration includes airborne surveys and drilling plans for 2024. Samples also revealed an average of 11.7% Fe, 0.015% Co, and 0.25% Cr. An incentive plan has been introduced, granting 11,050,000 stock options and 80,000 RSUs. The CO2 sequestration potential in the area due to serpentinization is under evaluation.
Green Bridge Metals has entered into a definitive agreement with Encampment Minerals Inc. for an option to earn an 80% interest in the South Contact Zone Project in Duluth Complex Minnesota. The agreement includes conditions such as completion of due diligence, regulatory approvals, and a minimum $3 million in financing.
Green Bridge Metals supports the passing of H.R. 3195 by the US House of Representatives, aiming to unlock mineral-rich land in Minnesota's Superior National Forest. The company sees the legislation as a positive step towards enhancing the domestic mineral supply chain.