Prospector Metals Corp Stock Price, News & Analysis

Prospector Metals (OTCQB: PMCOF) has appointed Jordan Laker, CPA, CA as its new Chief Financial Officer. Laker brings over 15 years of accounting experience with public and private companies, previously serving as a Staff Accountant at Davidson and Co in Vancouver before starting his own company.

As part of the appointment, Prospector has granted Laker 200,000 stock options exercisable at C$0.27 per share for a five-year term, subject to TSX Venture Exchange approval. The company also acknowledged the departure of former CFO Mr. Monty Sutton.

Prospector Metals (OTCQB: PMCOF) has announced significant initial drill results from its 2025 diamond drill program at the ML Property. The program's key findings include a high-grade intercept of 2.11 g/t Au, 0.48% Cu, and 8.56 g/t Ag over 45.65m at the Skarn Ridge target. The company has also discovered a new mineralized corridor extending 1.5 kilometers along strike.

The drilling campaign, comprising 39 holes over 6,648.91m, revealed the first documented visible gold occurrence at the ML project in the North Vein area. Notable results from the Bueno target include 3.07 g/t Au over 6.9m and a high-grade intersection of 26.15 g/t Au. The mineralization is characterized by north-northeast trending structural zones with strong correlation to bismuth and tellurium mineralization.

Prospector Metals Corp. (OTCQB: PMCOF) has signed a definitive option agreement with BeMetals Corp. for its Savant Gold Exploration Project in northwestern Ontario. The agreement allows BeMetals to earn up to 100% interest over five years through exploration commitments and resource-based milestones.

Key terms include: C$500,000 initial exploration commitment in the first year, minimum cumulative exploration spending of C$2.5 Million, and ownership structure based on NI 43-101 resource findings. BeMetals will pay US$5 per gold ounce discovered and grant a 0.5% NSR royalty to Prospector if full ownership is acquired.

Additionally, Prospector announced an option agreement with Cupani Metals Corp. for its Nemo Project in Quebec, involving claim renewal fees of C$52,965 and minimum exploration work of C$43,335.

Prospector Metals Corp. (OTCQB: PMCOF) has significantly expanded its flagship ML Project in the Yukon through claim staking, increasing the project size by 128.48% from 4,757 ha to 10,869 ha. The company now owns 552 mineral claims, including 296 newly staked claims that are 100% owned and free of third-party royalties.

The company also provided an update on its ongoing drill program, reporting completion of 3,600 meters across 20 holes, running 970m ahead of schedule. The drilling has confirmed mineralized corridors within north-northeast trending structural zones. Key drilling areas include Bueno (9 holes), Skarn Ridge (8 holes), Java (2 holes), and Rubble (1 hole). First assay results are expected in the coming weeks, with delays attributed to systematic sampling and laboratory backlog.

Prospector Metals Corp. (OTCQB: PMCOF) has provided an update on its ongoing maiden 5,000m diamond drill program at the ML Project in Yukon. The company has completed 13 drill holes totaling 2,283 meters across four target areas: Bueno (6 holes, 1,028m), Skarn Ridge (4 holes, 674m), Java (2 holes, 299m), and Rubble (1 hole, 282m).

The drilling program has focused on testing various structural zones and mineralization targets, with Bueno targeting NE-trending structures with arsenopyrite mineralization across 275m of strike length. The program remains on schedule and on budget, with laboratory analysis in progress and results expected in the coming weeks.

BeMetals (OTCQB:BMTLF) has entered into a non-binding Letter of Intent with Prospector Metals Corp. to acquire up to 100% interest in the Savant Gold Project in northwestern Ontario, Canada. The project spans 232 km² in a prolific gold-producing region near the Red Lake and Musselwhite mines.

The agreement terms include minimum annual exploration expenditures of C$500,000, with ownership terms contingent on resource estimates. If BeMetals identifies ≥1,000,000 ounces of gold (minimum 500,000 ounces indicated), they will gain 100% project ownership. Additionally, BeMetals has extended its US$5 million loan agreement with B2Gold Corp. to August 4, 2029, with an adjusted interest rate of 6.7% per annum.

Prospector Metals (OTCQB: PMCOF) has signed a non-binding Letter of Intent with BeMetals for an option agreement on the Savant Gold Project in northwestern Ontario. The 232 km² project is strategically located near major gold producers including Red Lake and Musselwhite mines.

Under the proposed 5-year option agreement, BeMetals can earn up to 100% interest in the property by committing to: 1) Initial C$500,000 exploration expenditure in the first year, 2) Minimum C$500,000 annual exploration spending for five years, and 3) Delivering an NI 43-101 compliant Technical Report with resource estimates. The ownership structure will be determined based on the resource size, with BeMetals gaining 100% ownership if ≥1,000,000 ounces of gold are identified.

The project features eight high-grade gold occurrences with historical surface samples up to 138.87 g/t Au, with geology similar to the Musselwhite Mine which produced 212,000 ounces of gold last year.

Prospector Metals Corp. (PMCOF) has launched its maiden drill program at the ML Project in Yukon. The fully funded program includes up to 5,000m of diamond drilling across 15-20 holes, targeting 6 key areas: Bueno, Skarn Ridge, Rubble Cirque, North Vein, Java, and Fishbowl. Initial drilling has begun at the previously undrilled Bueno Target, which recently yielded impressive rock samples of up to 156 g/t Au. The 10-week program, scheduled through August 2025, focuses on high-grade, structurally controlled gold mineralization in intrusive units and meta-sediments. At Bueno, drilling targets NE steeply dipping structures with quartz veining, brecciation, and arsenopyrite mineralization. The program follows the company's 2024 exploration findings and represents a significant step in developing their flagship project.

Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF) has granted 2,800,000 incentive stock options to its directors, officers, and consultants. The options are exercisable at C$0.25 per common share for a five-year period, subject to TSX Venture Exchange acceptance. The grant is in accordance with the Company's omnibus equity incentive plan.