Welcome to our dedicated page for Canex Metals news (Ticker: NOMNF), a resource for investors and traders seeking the latest updates and insights on Canex Metals stock.
CANEX Metals Inc. reports corporate and mineral-property developments centered on its ownership position in Gold Basin Resources Corporation. Company news has covered its take-up of Gold Basin shares under an all-share offer, its role as controlling shareholder, and related shareholder-meeting, proxy, court-order, and governance matters involving Gold Basin.
Updates also address Gold Basin property issues, including liabilities, loan and settlement matters, asserted joint-venture interests, regulatory-compliance concerns, and developments tied to an oxide gold district in northern Arizona. The recurring news themes are corporate control, mineral-asset preservation, shareholder actions, and the resolution of disputes affecting Gold Basin and its project interests.
CANEX Metals has announced promising assay results from its ongoing drilling program at the Gold Range Project, Arizona, revealing significant gold mineralization. Noteworthy drill hole GR21-57 intersected 1.0 g/t gold over 59.45 metres, the longest continuous zone to date. Other highlights include 1.8 g/t gold over 19.8 metres in hole GR21-59. To date, 30 of the planned 50 holes have been completed, with drilling expected to continue into January 2022. These results are crucial for expanding the Excelsior zone and demonstrating the project's scale and potential.
CANEX Metals Inc. (OTC PINK:NOMNF) announced a non-brokered private placement of up to 6,500,000 shares at $0.10 each, aiming for gross proceeds of $650,000. The funds raised will primarily support drilling and exploration at the Gold Range Property in Arizona, which has demonstrated significant gold mineralization. Recent drilling results showed promising findings, including 0.9 g/t gold over 27.3 metres. The company is focused on further exploration and is awaiting regulatory approval for the financing.