Hannan Metals Stock Price, News & Analysis

Hannan Metals Limited (TSXV: HAN, OTC PINK: HANNF) has announced the granting of 2,990,000 stock options to its directors and officers. These options are exercisable at C$0.28 per common share for a period of 3 years. Hannan Metals is focused on developing sustainable natural resources and is recognized as one of the top ten explorers by area in Peru. The company's efforts target vital metals necessary for the transition to a low-carbon economy.

Hannan Metals Limited (TSXV:HAN)(OTCPK:HANNF) announced the results of its Annual and Special Meeting of Shareholders held on November 17, 2022, in Vancouver, BC. A total of 26,610,606 common shares, representing 26.09% of the votes, were represented. Shareholders approved all resolutions, including electing five directors, appointing Davidson & Company as the auditor, and adopting a new Stock Option Plan allowing stock options up to 10% of issued shares. The Board re-appointed key executives, including Michael Hudson as Chairman and CEO.

Hannan Metals Limited (HANNF) announced significant updates from the Belen copper-gold porphyry prospect at its 100%-owned Valiente project in Peru. This includes the first recognition of a linked copper-gold and epithermal gold mineral system, with extensive soil and rock sampling indicating notable anomalies. Ongoing work encompasses detailed mapping and a completed aeromagnetic survey over 4,880 line km. The Ricardo Herrera target shows promising mineralization, while additional targets at Vista Alegre and Sortilegio have been identified. Drill permitting is underway, marking a pivotal exploration phase.

Hannan Metals Limited has successfully closed a strategic private placement financing, raising C$2,570,400 through the sale of 9,180,000 common shares at $0.28 each to Teck Resources Limited, which now holds 9.0% of the company. The funds will be allocated for mineral exploration projects in Peru and Ireland, as well as for general working capital. The placement is pending final acceptance from the TSX Venture Exchange.

Hannan Metals Limited (HANNF) has announced a strategic investment from Teck Resources Limited through a private placement financing, where Teck will buy 9,180,000 common shares at $0.28 each, totaling approximately C$2.57 million. This investment will give Teck a 9% ownership stake in Hannan, enhancing their collaboration on exploration efforts. The funds will be used for exploration projects in Peru and Ireland, as well as for general corporate purposes. The closing is expected by October 7, 2022, pending regulatory approvals.

Hannan Metals Limited (TSXV:HAN, OTC PINK:HANNF) released an update on its Belen copper-gold porphyry project in Peru. The company identified a new Miocene-age mineral camp within a 140 km by 50 km area. The Belen prospect shows significant copper-gold mineralization with systematic soil sampling revealing a leached porphyry over a 1,600 m by 800 m area. A nearby gold-bearing epithermal target has also been identified. Hannan plans further fieldwork, including drill permitting and extensive soil sampling across the 10-km intrusive trend.

Hannan Metals Limited (TSX.V: HAN, OTCPK: HANNF) has announced significant progress in exploring the Valiente copper-gold project in central Peru. The exploration team has identified four major linked mineral systems within a 9 km by 2 km area at the Belen prospect, which forms part of the larger project. Key targets include a substantial porphyry copper-gold system and multiple epithermal gold areas, with assays indicating high-grade mineralization, including samples of up to 3.2 g/t Au. The company plans further detailed field work, including grid sampling and trenching, to advance these promising targets.

Hannan Metals Limited announced a US$2M budget from its joint venture partner, JOGMEC, for the San Martin project in Peru, covering the period from April 2022 to March 2023. This funding is part of the Third Base Earn-in Period, where JOGMEC can earn up to a 75% interest by spending US$35M towards a feasibility study. The primary focus includes a diamond drilling program of up to 3,500 metres at Tabalosos East, aiming to confirm mineralization continuity. The company continues to engage local stakeholders in its operational areas.