Welcome to our dedicated page for Hannan Metals news (Ticker: HANNF), a resource for investors and traders seeking the latest updates and insights on Hannan Metals stock.
Hannan Metals Limited (HANNF) provides investors and industry observers with essential updates on mineral exploration activities critical to sustainable resource development. This dedicated news hub consolidates official announcements, technical reports, and strategic developments related to the company's copper-gold porphyry and epithermal system exploration in Latin America.
Access timely updates on key projects including the Valiente property in Peru, geological survey results, and permitting milestones. The curated collection features exploration progress reports, partnership announcements, and operational insights that reflect Hannan Metals' systematic approach to mineral discovery.
Key updates include detailed geophysical survey findings, drill program approvals, and regional expansion initiatives. All content maintains factual accuracy while avoiding speculative projections, serving both technical experts and general investors seeking reliable information about the company's exploration pipeline.
Bookmark this page for streamlined access to Hannan Metals' evolving story in mineral exploration. Check regularly for new developments in greenfields prospecting, environmental compliance updates, and strategic positioning within the low-carbon resource sector.
Hannan Metals has significantly expanded its copper-gold porphyry discovery at the Previsto Central prospect within the 100%-owned Valiente Project in Peru. The discovery now spans a 10 km by 5 km area and remains open in all directions. Key highlights include extensive soil sampling revealing high levels of gold and copper anomalies, with soil samples exceeding 0.1 g/t gold and 0.025% copper. The discovery shows strong potential, with planned IP lines and LiDAR surveys to further explore the area. CEO Michael Hudson highlights that only 20% of the target area has been explored so far, indicating significant growth potential.
Hannan Metals (TSX.V:HAN, OTCPK:HANNF) closed an oversubscribed non-brokered private placement, raising C$3,707,730 through the issuance of 10,593,513 units at C$0.35 per unit. Each unit includes one common share and one-half of a common share purchase warrant at an exercise price of C$0.50, valid for two years. Teck Resources, Hannan's major shareholder, maintained its 9.84% ownership, investing C$250,000. The proceeds will fund exploration in Peru and Chile and for general corporate purposes. The offering is subject to a four-month hold period and TSX Venture Exchange's final approval.
Hannan Metals announced that its non-brokered private placement financing, initially disclosed on June 4, 2024, is oversubscribed and has been upsized. The company now plans to issue up to 10,000,000 units at C$0.35 per unit, aiming to raise up to C$3.5 million. Each unit includes one common share and one-half of one common share purchase warrant. Each full warrant allows the purchase of an additional share at C$0.50 within two years. The company can force warrant conversion if shares trade at or above C$0.70 for 20 consecutive days. Insiders will participate, and finder's fees may apply. Securities have a four-month hold period. Proceeds will fund exploration in Peru and Chile, and for general corporate purposes. Closing is expected around June 26, 2024.
Hannan Metals announces a non-brokered private placement financing to raise up to C$2.5 million by issuing up to 7,142,857 units at C$0.35 per unit. Each unit includes one common share and one-half of a common share purchase warrant, exercisable at C$0.50 for two years. Proceeds will fund exploration in Peru and Chile and for general corporate purposes.
In drilling updates, Hannan reported a 150 km x 40 km gold-copper belt discovery at the Valiente Project in Peru, including multiple porphyry and epithermal targets. At the San Martin Project, Hannan found a high-grade copper-silver system similar to Kupferschiefer deposits. Drill permits and environmental certifications are in progress, with drilling expected in August 2024. Additional exploration is planned for the Valiente, San Martin West, and Cerro Rolando projects in Peru and Chile.
Hannan Metals announced a significant copper-gold porphyry discovery at the Previsto Central prospect within its Valiente Project in Peru. The discovery spans a 4 km by 1 km area and remains open in all directions.
Extensive geochemical sampling revealed anomalies, with soil samples exceeding 0.1 g/t gold and 0.025% copper. The area also exhibits a large airborne magnetic and radiometric anomaly, indicating a globally significant porphyry system.
Previsto is the eighth porphyry target discovered in a 25 km by 10 km area, suggesting a district-scale cluster. Preliminary results show a strong correlation with outcrop mineralization, with the best channel sample yielding 0.25% copper over 5.8 m.
CEO Michael Hudson emphasized the focus on advancing towards drill permitting during the dry season.
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