Hannan Metals Stock Price, News & Analysis

Hannan Metals (OTC:HANNF) reported significant gold discoveries at its Previsto project in Peru, expanding the mineralized footprint to 750 meters strike length. New high-grade channel samples revealed 4.6 m @ 7.2 g/t Au and 26 g/t Ag, and 13.6 m @ 2.1 g/t Au and 17 g/t Ag, located 30 meters east of previous sampling.

A new outcropping zone discovered 255 meters SSW yielded 2.2 g/t Au, 11 g/t Ag, and 0.13% Cu from a panel sample. The company has initiated Environmental Impact Statement (DIA) work for drilling approvals, with submission expected in 2025. Meanwhile, Hannan is advancing its drilling program at Belen, located 22 km SSW, with two completed holes and a third underway.

The company also reported terminating its option on the Cerro Rolando property in Chile after drilling revealed the EM anomaly was caused by evaporitic horizons rather than mineralization.

Hannan Metals has significantly expanded gold mineralization at its Previsto project, extending the strike length to 650m within a 4km x 4km gold-in-soil anomaly. Recent mapping and sampling revealed two new zones: the Southern Zone with 8 panel samples averaging 0.3 g/t Au and 3 g/t Ag, and the Western Zone showing results of 21m @ 0.46 g/t Au and 21m @ 0.26 g/t Au. The central high-grade area previously reported exceptional results including 135.2m @ 1.3 g/t Au. Additionally, the company has commenced its maiden 5,000m drilling program at Belen, completing the first hole HDDVA001 at 184.6m. The Previsto mineralization shows characteristics similar to globally significant alkalic epithermal gold deposits, with multiple high-grade vein sets within broader mineralization halos. The project also shows potential for a district-scale hydrothermal system with porphyry-epithermal zoning patterns.

Hannan Metals Limited (HANNF) has initiated its first-ever drilling program at the Belen prospect, part of its wholly-owned Valiente copper-gold project in Peru. The company has successfully mobilized a drill rig to the site. The announcement emphasizes Hannan's dedication to conducting operations in compliance with legal requirements, respecting local communities, and maintaining environmental standards. The company highlighted that all activities are proceeding only after securing necessary approvals from local populations and obtaining required environmental and archaeological certifications.

Hannan Metals Limited (HANNF) has announced the immediate resignation of President Lars Dahlenborg. Dahlenborg, a founding member, will continue as a senior consultant for six months to ensure a smooth transition. The company has decided not to immediately fill the President position, citing recent strengthening of its leadership team, particularly under Peru General Manager Katty Vargas.

The company is fully permitted and ready to begin drill testing at its Valiente Project in Peru, focusing on porphyry copper-gold and epithermal gold mineral systems at the Ricardo Herrera, Vista Alegre, and Sortilegio prospects within the Belen area. Drilling operations are set to commence in the second week of May 2025.

Hannan Metals (HANNF) has begun site access preparation at its Belen prospect within the 100%-owned Valiente copper-gold project in Peru, following receipt of governmental approval. The company plans to commence drilling in early May 2025, utilizing 40 permitted platforms to test three key prospects:

• Ricardo Herrera copper-gold porphyry (15 platforms) with a 1,000m x 250m chargeability anomaly
• Vista Alegre epithermal gold target (12 platforms) featuring a 2.4km long geophysical anomaly
• Sortilegio copper-gold porphyry (13 platforms) with a 1.2km long chargeability anomaly

The Belen prospect represents 4% of Hannan's Valiente landholding, where 18 copper-gold porphyry and epithermal systems have been identified across a 140km x 50km area. Additionally, the company has completed a warrant acceleration, issuing 3,512,230 common shares at $0.35 per share for total proceeds of C$1,229,280.50.

Hannan Metals (HANNF) reports expanded high-grade gold mineralization at its 100%-owned Previsto alkaline gold project in Peru. The mineralized footprint now covers 200m × 130m, with new channel sampling extending gold mineralization. Key findings include:

- Extended channel now assays 135.2m @ 1.3 g/t Au, 9 g/t Ag, 7 g/t Te
- New high-grade results: 11.3m @ 3.7 g/t Au and 2.3m @ 18.8 g/t Au
- New copper mineralization: 21m @ 0.15% Cu, 1 g/t Ag, and 9 ppm Mo

The discovery sits within a larger 5km × 5km epithermal-porphyry cluster and a 4km × 4km gold-in-soil anomaly. The company has expanded its field team to six geologists and plans to begin drilling at the nearby Belen project in Q2 2025. Hannan aims to secure drill permits for Previsto by Q3 2025 while continuing detailed prospecting, geological mapping, and geophysical surveys.

Hannan Metals (HANNF) has identified a significant copper porphyry target at its 100%-owned Previsto project in Peru. Systematic channel sampling across four parallel creeks has revealed 750 meters of continuous copper mineralization with widths up to 192 meters.

The copper target is located just 1,300 meters from a previously identified high-grade alkalic gold mineralization zone, where Hannan recently trenched 69.1 m @ 2.4 g/t Au. Key channel sampling results include:

• 192.0 m @ 0.17% Cu
• 126.0 m @ 0.22% Cu
• 107.0 m @ 0.09% Cu
• 48.0 m @ 0.12% Cu

The mineralization remains open under cover to the north, south, and east. Despite extensive surface leaching, sampling indicates consistent copper mineralization, suggesting potential for higher grades in unweathered zones. The company has deployed a team of 5 geologists and 10 support staff to further expand and delineate the gold-copper mineralization at Previsto.

Hannan Metals (HANNF) has announced the acceleration of expiry dates for outstanding share purchase warrants issued on May 9, 2023. The acceleration was triggered as the company's shares maintained a weighted average closing price of C$0.50 or higher for 20 consecutive trading days on TSX Venture Exchange through March 14, 2025.

The May 2023 Warrants, originally exercisable at C$0.35 per common share, will now expire on April 16, 2025. Currently, 3,262,230 warrants remain outstanding, which if fully exercised could generate approximately C$1.1 million in gross proceeds for the company.

CEO Michael Hudson stated this potential capital injection comes at a strategic time as the company prepares to launch maiden drilling programs in Peru and Chile while continuing exploration work at Previsto, enabling operational momentum across multiple projects without shareholder dilution.

Hannan Metals (TSXV:HAN)(OTC PINK:HANNF) has been named among the 2025 Top 50 mining companies on the TSX Venture Exchange. This prestigious recognition is part of a program that celebrates the strongest performers across five industry sectors: Mining, Energy, Clean Technology & Life Sciences, Diversified Industries, and Technology.

The selection criteria for the Top 50 companies were based on market capitalization, share price appreciation, and trading volume for the year ended December 31, 2024. TSX Venture Exchange President Tim Babcock highlighted the strategic importance of Canadian natural resources and high-growth innovation, particularly noting the increased demand for critical minerals and energy security.

Michael Hudson, Executive Chairman and CEO of Hannan Metals, expressed gratitude for the recognition, attributing the success to team dedication and supporter contributions as the company pursues its mission to discover large copper and gold mineralizing systems in Peru.