Miata Metals Corp Stock Price, News & Analysis

Miata Metals Corp has signed an option agreement to increase its ownership in the Nassau gold project in Suriname from 70% to 100%. The Nassau property, located in a gold-rich greenstone belt, shares stratigraphy and structures with the producing Rosebel and Merian mines. To acquire the additional 30% interest, Miata must make cash payments totaling US$1.35M over three years and complete US$2M in work commitments. Historical drilling at the Witlage gold zone showed promising results, including intersections of 1.5m at 383.2 g/t Au. The project is strategically located 20km south of Newmont's Merian mine and 60km east of the Rosebel mine. Upon completion, Miata will grant a 2% NSR to the Optionor, with rights to buy back 1% for US$4M total. The company continues to advance its flagship Sela Creek project, where a 10,000m maiden drill program is 15% complete.

Miata Metals (MMETF) has announced significant drilling results from its Sela Creek Gold Project in Suriname. The company completed the first nine holes of its planned 10,000m core drilling program, focusing on the Golden Hand zone. Key findings include multiple gold intercepts, with notable results such as 7.5m of 1.05 g/t Au and 3.85m of 2.71 g/t Au. The drilling has confirmed gold in bedrock at shallow depths, with several holes yielding multiple gold intercepts within 100m from surface. The Golden Hand zone represents only 2km of an 8km corridor of mining activity, and is one of seven high-priority targets identified. Currently, less than 10% of the artisanal mining area has been drill-tested, suggesting significant exploration potential across the 215 km² project area.

Miata Metals (MMETF) has provided an update on its 10,000m diamond core drilling program at the Sela Creek Gold Project in Suriname. The company has completed approximately 1,500m of drilling across 10 holes, representing 15% of their 2025 target. Four holes were drilled at the Stranger Target, with the sixth hole currently being drilled at the Golden Hand Target.

Key developments include plans to mobilize a second drill rig to improve efficiency and reduce costs, though heavy rains have temporarily prevented access to the high-priority Puma Target. The company is conducting QAQC checks on several holes, with results expected this month. The Golden Hand target spans over two kilometers with numerous mining pits, and multiple potential gold-bearing structures are being tested.

Miata Metals Corp. (CSE: MMET) (OTCQB:MMETF) (FSE: 8NQ) has announced the commencement of trading on the OTCQB Venture Market under the symbol 'MMETF' on April 14, 2025. The company will maintain its listing on the Canadian Securities Exchange under 'MMET'.

The strategic OTCQB listing, operated by OTC Markets Group in New York, aims to enhance the company's exposure to U.S. investors. The shares feature DTC eligibility, enabling electronic settlement of transfers in the United States. Financial disclosure and Real-Time Level 2 quotes are accessible through the OTC Markets website.

According to CEO Dr. Jacob Verbaas, this development coincides with Miata's ongoing maiden drill program, with initial results expected soon.