Meryllion Resour Stock Price, News & Analysis

Meryllion Resources (OTC:MYRLF) announced an extension of 7,984,025 outstanding common share purchase warrants issued January 8, 2024.

The warrants keep their $0.07 exercise price and were originally set to expire January 8, 2026; the company proposes to extend expiry by six months to July 8, 2026. All other warrant terms remain unchanged and holders need take no action; replacement certificates will not be issued and original certificates must be presented to exercise.

The Extension is subject to final approval by the Canadian Securities Exchange, which granted an exemption from CSE Policy 6. One director beneficially owns 2,341,625 of the warrants, so the Extension may be a related party transaction but is exempt from MI 61-101 formal valuation and minority approval requirements.

Meryllion (OTC:MYRLF) intends to complete a non-brokered private placement of up to 12,000,000 common shares at $0.05 per share for gross proceeds up to $600,000. Proceeds are earmarked for exploration activities and working capital. Shares will carry a four-month-and-one-day hold period. Closing is subject to CSE approval and other regulatory consents. The company has drilling permits and a budgeted drilling program ready to start on close, with management expecting drilling results within 60 days of closing. Management noted adjacent ABX reported a high-grade mixed rare earth carbonate, but said adjacent results are not necessarily indicative of Meryllion leases.

Meryllion Resources (CSE:MYR) announced several changes to its management team. Guy Charette has resigned from his position as director of the company. Additionally, Chuck Forrest has stepped down as Chief Financial Officer but will continue serving as a director. The company has appointed Ian Lynch as its new Chief Financial Officer, effective September 1, 2025.

Meryllion Resources (CSE: MYR) has appointed Mark J. Pryor as Technical Advisor of US Exploration. Pryor, a geologist with 40 years of experience, has successfully advanced multiple mining projects and currently serves as Executive Vice President of Exploration for a private US exploration group.

The company recently entered into a lease and option agreement for the Makenzie gold/silver/antimony project in Nevada, which Pryor introduced to Meryllion. The project, located 48 km from Kinross Mining's Round Mountain Gold Project, represents one of Nevada's largest untested precious metals anomalies. Meryllion has expanded its presence by staking an additional 89 claims, bringing the total to 102 claims covering 8.24 km².

Meryllion Resources (CSE:MYR) has executed a Lease and Option Agreement with Bull Mountain Resources LLC for the Makenzie Gold, Silver and Antimony project in Nevada. The project, located 44 km south-southwest of Austin, represents one of Nevada's largest untested gold, silver, and antimony anomalies.

The company has expanded the project area to 102 claims covering 8.34 km². Historical drilling results include values up to 1.337 g/t Au over 10 meters and 31.89 g/t Ag. Recent sampling reported values up to 2.90 g/t Au, 70.2 g/t Ag, and 288ppm Sb.

Under the five-year agreement terms, Meryllion will make staged payments totaling $370,000, complete 6,000 linear meters of drilling, and can acquire 100% interest in the property while granting BMR a 2% NSR on project lands.

Meryllion Resources Corporation (CSE: MYR) has secured a CAD$195,000 loan from company director David Steinepreis. The loan comes with a 12-month term and carries a 6% annual interest rate, payable quarterly. The unsecured loan can be prepaid without penalty, and the proceeds will be used for working capital and settling accrued liabilities. As a related party transaction under MI 61-101, the company has utilized exemptions from valuation and minority shareholder approval requirements, citing its market listing status and the transaction value being below 25% of market capitalization.

Meryllion Resources (CSE: MYR) has completed a shares-for-debt transaction with Croesus Mining Pty Ltd, a company controlled by director David Steinepreis, to settle a $50,000 loan. The company issued 2.5 million common shares at $0.02 per share, subject to a four-month hold period. Following the transaction, Steinepreis's ownership in Meryllion increased from 23.20% to 25.74%, and could reach 27.98% if all his warrants are exercised. The transaction qualified as a "related party transaction" under MI 61-101, with the company utilizing exemptions from valuation and minority shareholder approval requirements.

Meryllion Resources (CSE: MYR) has announced a proposed shares-for-debt settlement with Croesus Mining Pty , a company controlled by director David Steinepreis. The transaction aims to settle a $50,000 loan through the issuance of 2,500,000 common shares at a deemed price of $0.02 per share.

The completion of this settlement requires regulatory approvals, including from the Canadian Securities Exchange. The issued shares will be subject to a four-month and one-day hold period. As this transaction constitutes a 'related party transaction' under MI 61-101, the Company plans to rely on exemptions from valuation and minority shareholder approval requirements, as the transaction value does not exceed 25% of the Company's market capitalization.

Meryllion Resources (CSE: MYR) has successfully completed the second tranche of its non-brokered private placement, raising $215,800 through the issuance of 14,386,665 common shares at $0.015 per share.

The proceeds will be allocated towards working capital requirements and exploring potential new acquisitions. All securities issued are subject to a mandatory four-month and one-day hold period from the issuance date. The private placement remains subject to final acceptance from the CSE.