Welcome to our dedicated page for Metallic Minerals news (Ticker: MMNGF), a resource for investors and traders seeking the latest updates and insights on Metallic Minerals stock.
Metallic Minerals Corp. (OTCQB: MMNGF) generates news as a resource-stage mineral exploration company focused on copper, silver, gold, platinum group elements and other critical minerals. The company’s updates center on its La Plata Project in southwestern Colorado, its Keno Silver Project in the Yukon Territory, and its growing alluvial gold and silver royalty portfolio in the Yukon.
News releases frequently cover exploration results and technical updates, including surface rock sampling, drilling programs, new target identification and mineral resource estimate work at La Plata and Keno Silver. Investors can follow announcements on district-scale mapping, geophysical surveys and collaborations with technical partners such as Newmont and VRIFY, as well as academic research initiatives related to critical minerals and processing studies.
Another recurring theme in Metallic Minerals’ news flow is corporate and financing activity. The company reports on brokered and non-brokered private placements, flow-through share offerings, warrant extensions and participation by strategic investors. These items provide context on how exploration and royalty programs are funded and advanced.
For those tracking exposure to critical minerals, silver districts and royalty income, the MMNGF news page offers a consolidated view of project milestones, royalty portfolio developments in the Klondike Goldfields and South Keno, and participation in mining and investor conferences in North America and Europe. Bookmark this page to review the latest company announcements, exploration updates and financing disclosures related to Metallic Minerals Corp.
Metallic Minerals has successfully closed a second non-brokered private placement financing, raising $617,820 through the issuance of 1,471,000 units at $0.42 per unit. This includes 846,000 flow-through units for $355,320 and 625,000 non flow-through units for $262,500. Proceeds from the flow-through component will fund eligible Canadian Exploration Expenses. The warrants included allow holders to acquire common shares at $0.50 for a period of 30 months. An insider participated by acquiring 25,000 NFT units.
Metallic Minerals has filed a National Instrument 43-101 technical report for the Allard Cu-Ag Porphyry Deposit, revealing an inaugural resource of 889 million pounds of copper and 15 million ounces of silver (Inferred). This milestone is seen as significant for the company's growth prospects. The project team is preparing for further exploration activities, including geophysical surveys and additional drilling. The report, authored by an independent Qualified Person, is available on SEDAR and the company’s website.
Metallic Minerals has successfully completed a non-brokered private placement financing, generating $4,032,000 through the sale of 9,600,000 units at $0.42 each. Each unit comprises one flow-through common share and a half warrant, exercisable at $0.50 for 30 months. Proceeds will fund exploration at the Keno Silver Project in Yukon and other projects. CEO Greg Johnson highlighted the addition of new institutional investors, while the company awaits TSX-V approval.
The financing includes participation from an officer, considered a related-party transaction.
Metallic Minerals has released final assay results from its 2021 drilling at the Keno Silver Project in Yukon, confirming high-grade silver-gold-lead-zinc mineralization at the Formo deposit. Highlights include drill hole FOR21-05, which returned multiple intervals exceeding 1,000 g/t silver equivalent. The results indicate strong potential for resource expansion in the Formo target area, which remains open for further exploration. Plans are underway to define an inaugural resource estimate while continuing exploration efforts, with updates expected soon.
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.