Welcome to our dedicated page for Pacific Bay Mine news (Ticker: PBMFF), a resource for investors and traders seeking the latest updates and insights on Pacific Bay Mine stock.
Pacific Bay Minerals Ltd. (PBMFF) generates news primarily through its exploration and corporate activities as a junior mineral exploration company. Its disclosures highlight work on critical minerals and gold projects in British Columbia and efforts to evaluate and acquire gold properties in Brazil. Readers following PBMFF news can review updates on field programs, option agreements, financings, and management changes that shape the company’s exploration strategy.
Company news releases describe the Haskins-Reed Critical Minerals Project in northwestern British Columbia as Pacific Bay’s flagship asset, with polymetallic mineralization including tungsten, copper, bismuth, silver, lead, and zinc. News coverage includes announcements about mobilizing exploration crews, reporting historical drilling highlights, and commenting on government support for critical minerals in the region. For the Weaver Gold Project in southern British Columbia, news items discuss the project’s orogenic gold-silver potential and a Letter of Intent under which Aurwest Resources Corporation may earn a 50% interest through staged payments and exploration work.
Pacific Bay’s news flow has also included detailed updates on its proposed, and later discontinued, acquisition of the Pereira Velho gold project in Alagoas State, Brazil. These releases cover the terms of a non-binding Letter of Intent, historical exploration results, a historical resource estimate filed with the Brazilian National Mining Agency, metallurgical testing, and the eventual decision by the vendor to option the property to another buyer. Additional company announcements address private placement financings, warrant terms, trading halts and resumptions on the TSX Venture Exchange, and changes to executive roles such as the appointment of a new Chief Financial Officer or changes in the President and CEO role.
Investors and observers can use the PBMFF news page on Stock Titan to review this sequence of exploration, transaction, and corporate updates in one place. The feed helps contextualize Pacific Bay’s evolving project portfolio, its focus on critical minerals and gold, and the regulatory and financing steps that accompany early-stage mineral exploration.
Pacific Bay (OTC:PBMFF) received an independent geological report by P.Geo. Kristian Whitehead on the Weaver Gold Property in southwestern British Columbia.
Historic drilling returned high-grade intercepts (e.g., 16.6 g/t Au & 91.9 g/t Ag over 1.52 m). The report recommends a phased program: detailed mapping, a 3D IP survey, and a potential 1,000 m diamond drill campaign if targets are promising.
Pacific Bay Minerals (TSXV: PBM / OTC: PBMFF) announced on January 6, 2026 that it signed a Letter of Intent with Aurwest Resources (CSE: AWR).
Under the LOI, Aurwest can earn a 50% interest in Pacific Bay’s 100% owned Weaver Gold Project over a three-year earn-in period.
Pacific Bay Minerals (OTC:PBMFF) announced that its proposed acquisition of the Pereira Velho project in Alagoas, Brazil (originally disclosed Jan 7, 2025) will not be proceeding because the vendor, Appian Capital Advisory LLP, has optioned the property to another buyer. The company also said the financing announced Sept 25, 2025 will not proceed.
Management reiterated continued interest in Brazil and said it has assembled a Brazil team. Pacific Bay highlighted its 100% owned Haskins-Reed Critical Minerals project along Highway 37 in northwest British Columbia and noted renewed investor interest in BC critical minerals.
Pacific Bay Minerals (OTC:PBMFF) announced a management change effective December 10, 2025: Chairman David H. Brett will assume the role of President and CEO, succeeding Reagan Glazier.
Mr. Glazier will remain on the board to support strategy while dedicating time to other commitments. Mr. Brett is a significant shareholder and director since 1985, holds an MBA from SFU, and brings 40 years of mining experience, including prior CEO roles at Cusac Gold Mines and EnGold Mines and work in BC, Quebec, Brazil, and Argentina.
Pacific Bay Minerals (TSXV: PBM) has initiated exploration at its 100% owned Haskins-Reed Critical Minerals Property in British Columbia's Cassiar District. The program focuses on high-grade Tungsten skarns at Mount Reed, where historical drilling revealed impressive results including 2.01% WO3 over 3.3 metres.
The property contains multiple critical mineral prospects, including a historical estimate at the Della B Zone of 1,739,000 tonnes grading 56.9 g/t silver, 0.53% copper, 2.77% zinc, 0.47% lead, and 0.24% bismuth. The company highlights the Canadian government's support for critical minerals in northwestern BC, including potential infrastructure improvements.
Pacific Bay Minerals (TSXV: PBM) announced that its previously proposed warrant extension will not proceed. The company had intended to extend the expiry of 7,365,873 warrants issued on July 20, 2022, with an exercise price of $0.10 that expired on July 20, 2025.
The TSX Venture Exchange declined to approve the extension because the market price exceeded the strike price of the warrants at the relevant times.
Pacific Bay Minerals Ltd. (TSXV: PBM) has announced a non-brokered private placement offering of up to 20 million units at $0.10 per unit, aiming to raise $2 million. Each unit includes one common share and one warrant exercisable at $0.15 for 24 months.
The proceeds will primarily fund the acquisition and exploration of the Pereira-Velho Gold Project in Brazil. The company also plans to extend the expiry of 7,365,873 warrants from July 20, 2025, to July 20, 2026, subject to TSXV approval. Additionally, Elton Pereira has transitioned from VP of exploration to country manager for Brazil.
Pacific Bay Minerals (TSXV: PBM) has announced a non-brokered private placement offering of up to 20 million units at $0.10 per unit, aiming to raise $2 million in gross proceeds. Each unit includes one common share and one warrant exercisable at $0.15 per share for 24 months.
The proceeds will primarily fund the acquisition and early-stage exploration of the Pereira-Velho Gold Project in Brazil. The company also announced that Elton Pereira has been appointed as Country Manager, Brazil, transitioning from his previous role as VP of Exploration.
The offering is expected to close around July 17, 2025, with a four-month hold period on securities. The company may pay 7% finder's fees in cash and warrants on completed subscriptions.
Pacific Bay Minerals (TSXV: PBM) has extended its LOI with Appian Capital Advisory to acquire the Pereira Velho gold project in Alagoas State, Brazil. The project encompasses 11 mineral claims totaling 14,596 hectares and features a historical resource estimate of 67,900 ounces of gold in Measured and Indicated categories (oxide) and 40,500 ounces in the Inferred category. The property benefits from excellent infrastructure, including proximity to highways, power grid, and skilled workforce from nearby Arapiraca city.
Preliminary metallurgical testing showed promising gold recoveries up to 94.8% for oxide material using heap leach processing. The company plans to initiate confirmatory drilling and metallurgical optimization studies in 2025 to support a maiden NI 43-101 compliant resource estimate and preliminary economic assessment.
Pacific Bay Minerals (TSXV: PBM) announced the resumption of trading on April 21st, 2025, following a halt since January 7th, 2025. The company is finalizing a definitive option agreement with Appian Capital Advisory to acquire 100% of the Pereira-Velho gold prospect in Alagoas, Brazil.
The project spans 14,596 hectares in the gold-rich Borborema Province. Technical reports confirm gold presence in quartz veins and pyrite-rich zones, with over 6,300 meters of previous drilling. Metallurgical tests indicate strong gold recovery potential from oxidized ores.
The acquisition terms include payments to Appian of CDN$710,000 in cash and CDN$700,000 in either shares or cash, split across two tranches. Appian will retain a 1.5% NSR, which Pacific Bay can buy back for USD $3.5 million. The company has proposed a US$1,560,000 exploration budget including drilling, lab assaying, and metallurgical tests.
FAQ
What is the current stock price of Pacific Bay Mine (PBMFF)?
What is the market cap of Pacific Bay Mine (PBMFF)?
