Metallic Minerals Corp Stock Price, News & Analysis

Metallic Minerals Corp. has announced a non-brokered private placement offering of 9,600,000 flow-through units priced at $0.42 per unit, yielding gross proceeds of $4,032,000. The funds will primarily support Canadian Exploration Expenses at its Keno Silver project. Each unit includes a flow-through share and a half warrant, with warrants exercisable at $0.50 for 30 months. Closing is anticipated around June 8, 2022, pending regulatory approval. CEO Greg Johnson expressed optimism about the exploration prospects and investor interest.

Metallic Minerals has established a dedicated Community & First Nations Relations team to enhance relationships with local communities and governments. Lindsay Wilson has been appointed as Manager, Community and Investor Relations, collaborating with Lauren Blackburn, who manages regulatory and permitting efforts. This initiative aligns with the company’s commitment to environmental, social, and governance (ESG) practices. The team will participate in the Arctic Indigenous Investment Conference on May 4-5, promoting indigenous partnerships and economic growth in the north.

Metallic Minerals has announced its inaugural NI 43-101 mineral resource estimate for the La Plata project, which includes the Allard copper-silver porphyry deposit. The estimate reveals 115.7 million tonnes of resource at an average grade of 0.39% copper equivalent (0.35% Cu and 4.02 g/t Ag), equating to 889 million pounds of copper and 14.975 million ounces of silver. The deposit remains open to expansion and is located in a historically productive mining district. Upcoming exploration plans aim to further define and expand this resource.

Metallic Minerals announced further exploration results from its Keno Silver project in Yukon, Canada. The 2021 field program included drilling, mapping, and soil sampling, revealing silver mineralization in 10 of 12 holes. Key highlights include:

• 24 high-grade intervals over 100 g/t Ag Eq, with a peak of 1,049 g/t Ag Eq.
• Notable broad zones of continuous mineralization, including 112.8 m of 36.5 g/t Ag Eq.
• Identification of new conductive features for further exploration.

Excitement builds for the 2022 season with targeted core drilling expected to advance resource definitions.

Metallic Minerals has announced the granting of 1,590,000 stock options to insiders, directors, and employees, subject to TSX Venture Exchange approval. Each option, exercisable at $0.41 (the closing market price on March 29, 2022), can be converted into a common share over five years and comes with specific vesting requirements. The company is focused on high-grade exploration projects in North America, particularly in the Keno Hill, La Plata, and Klondike regions, aiming to enhance shareholder value through systematic exploration.

Metallic Minerals announces the appointment of Scott Petsel as President, effective immediately. Previously Vice President of Exploration, Petsel brings over 34 years of experience in mineral exploration, particularly in precious and base metals. His expertise includes significant projects in Yukon, Alaska, and British Columbia. Chairman and CEO Greg Johnson expresses confidence in Petsel's capability to drive shareholder value and lead the company through a pivotal year with upcoming resource estimates and exploration activities. Metallic Minerals focuses on high-grade silver, gold, and copper projects.

Metallic Minerals has announced the final results of its 2021 exploration program at the La Plata silver-gold-copper project in Colorado. The primary goal of confirming mineralization tenor was achieved, with significant drill results from 56 holes totaling 15,200 meters. Notable findings include drill hole LAP21-01 intersecting 380.39 m of 0.27% Copper Equivalent and drill hole LAP21-02 with 416.28 m of 0.28% CuEq. A National Instrument 43-101 compliant resource estimate is underway, with results expected soon. The company aims to expand the known mineralized system through ongoing exploration efforts.

Metallic Minerals (MMNGF) reports promising drill results from its Central Keno target area, indicating significant high-grade silver mineralization. A total of 2,965 meters were drilled across 37 reverse circulation holes, revealing positive findings at the Caribou target, which is now a priority for resource definition. Key highlights include multiple high-grade silver intervals, with notable intersections like 27.4 meters at 146 g/t AgEq. The company aims for a robust exploration campaign in 2022, leveraging new structural insights that could significantly enhance overall resource potential.

Metallic Minerals has successfully completed its 2021 exploration activities at the La Plata silver-gold-copper project in Colorado. The program included 1,980 meters of diamond drilling and advanced AI technology from Goldspot Discoveries to identify 16 new mineral targets. Drilling confirmed historical mineralization, indicating a potentially significant increase in the resource size. Surface sampling expanded the mineralized zone to 6 km by 1.5 km, with notable assay results pending. This marks a critical step towards a NI 43-101 compliant resource estimate.