Meryllion Resour Stock Price, News & Analysis

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.

Meryllion Resources (CSE: MYR) has completed the first tranche of its non-brokered private placement, raising $244,800 through the issuance of 16,320,001 common shares at $0.015 per share. Insiders participated for $118,000 of the placement.

As part of the transaction, David Steinepreis, through Croesus Mining Pty , acquired 7,866,667 common shares, increasing his ownership from 21.44% to 27.97%. If all his warrants were exercised, his ownership would reach 31.63%. A second tranche is expected to close around April 4, 2025.

Meryllion Resources (CSE: MYR) has announced a non-brokered private placement offering of up to 33,000,000 common shares at $0.015 per share, aiming to raise gross proceeds of up to $495,000. The placement may be oversubscribed.

The company may pay finders' fees to eligible arm's length persons for certain subscriptions. All issued shares will be subject to a four-month and one-day hold period from the issuance date. The offering's completion is contingent on obtaining required approvals, including CSE approval.

The proceeds will be utilized for working capital purposes and to pursue potential new acquisitions.