Welcome to our dedicated page for Metalsource Mining news (Ticker: SFRIF), a resource for investors and traders seeking the latest updates and insights on Metalsource Mining stock.
News and updates for MetalSource Mining Inc. (OTCQB: SFRIF; CSE: MSM) focus on the company’s exploration and corporate activities across its mineral projects. Recent announcements highlight work at the Silver Hill and Byrd-Pilot projects in North Carolina, as well as ongoing exploration at the Aruba Project in Botswana.
Readers can find news about MetalSource’s diamond drilling programs at Silver Hill and Byrd-Pilot, including program designs that target historic mineralization and test new geological and geophysical anomalies. Releases describe the use of modern techniques such as magnetotelluric geophysical surveys, surface sampling and core logging, along with updates on drilling progress and planned meterage.
The company also issues news on strategic land expansion at Silver Hill, including optioned properties such as the Hinkle Lands and Adkins Tract, which are described as extending coverage along interpreted mineralized trends and adjacent to central mineralized zones. Exploration updates for the Aruba Project cover soil sampling, ground gravity surveys and geological interpretation within Transvaal Supergroup stratigraphy.
In addition to technical project news, MetalSource publishes corporate updates, such as private placements, stock option grants, and developments related to its listings on the Canadian Securities Exchange and OTCQB, as well as DTC eligibility in the United States. These items outline how the company intends to allocate capital toward exploration at Silver Hill, Byrd-Pilot and Aruba, and provide context on its financing structure.
Investors and observers can use this news feed to follow MetalSource’s disclosed drilling results, land package developments, financing activities and other milestones as the company advances its exploration-stage mineral assets.
Metalsource Mining (OTCQB: SFRIF) has started a geophysical program at its Silver Hill Mine and Byrd-Pilot projects in Davidson and Randolph Counties, North Carolina, beginning November 2025.
Program scope includes ~40 MT stations across both areas with a ~20-day field acquisition window to finish in early December 2025, using Phoenix Geophysics MT gear and Remote Reference noise reduction. Results will be processed with 2-D Zonge inversion and integrated into Leapfrog models. A follow-up detailed IP survey is planned subject to MT results.
Highlights from project data: Silver Hill covers 1,128 acres, historic mineralization reported to 550 m depth and surface sampling includes 444 g/t Ag, 17.7 g/t Au.
Metalsource Mining (CSE:MSM) has entered into a transformational option agreement with Goldstrike Minerals to acquire two significant mining projects in North Carolina. The $250,000 cash and 15 million share deal includes the historic Silver Hill Mine Project (1,128 acres) and the Byrd-Pilot Project (1,032 acres).
The Silver Hill Project, America's first commercial silver producer, features historic estimates of 347,422 tonnes grading 23.7 g/t silver, 2.17 g/t gold, 0.20% copper, 2.55% lead, and 7.89% zinc. Recent surface sampling yielded impressive results, including 444g/t Ag and 17.7 g/t Au.
The transaction includes a $1 million work commitment over two years and requires Metalsource to raise at least $2 million through a private placement. The deal is expected to close within 120 days, subject to regulatory approvals.
Metalsource Mining (CSE:MSM, OTCQB:SFRIF) has received approval to trade on the OTCQB Venture Market effective September 5, 2025. The company will maintain its current listing on the Canadian Securities Exchange under MSM while trading on the OTCQB under SFRIF.
CEO Joseph Cullen highlighted that this U.S. listing will enhance access to U.S. capital markets and facilitate American investor participation. The move aims to provide investors with increased data access, transparency, and liquidity.
The company also clarified a previous announcement regarding a $50,000 loan from York Harbour Metals Inc., noting it as a non-arm's length transaction due to shared management between the companies.
Metalsource Mining has provided an update on its ongoing exploration program at the Aruba Property in South-Central Botswana. The company has completed soil sampling and is conducting a ground gravity survey to identify drill targets in the Transvaal Supergroup stratigraphy, known for Manganese mineralization.
The Aruba Project encompasses five prospecting licenses covering 4,663 km² and is strategically located between Jwaneng and Werda. The property includes a significant portion of the western margin of the 1,300 km² Molopo Farms Complex (MFC), which shows potential for Nickel, Copper, and PGE mineralization. The project area is adjacent to Rio Tinto Exploration and benefits from good infrastructure.
Metalsource Mining has closed the first tranche of its non-brokered private placement, raising $750,000 with Eric Sprott as the lead investor contributing $500,000 for 2,500,000 units. Each unit, priced at $0.20, includes one common share and half a warrant exercisable at $0.30 for 24 months. Following the placement, Sprott owns 7.3% of outstanding shares (non-diluted) and 10.6% on a partially-diluted basis. The proceeds will fund working capital and exploration at the Aruba Project in Botswana, which targets manganese deposits in the Transvaal Super Group's Kayne Basin.
Metalsource Mining has announced a non-brokered private placement of up to 7.5 million units at $0.20 per unit, aiming to raise $1.5 million. Notable investor Eric Sprott will lead with a $500,000 investment. Each unit includes one common share and half a warrant, with whole warrants exercisable at $0.30 for two years. The proceeds will fund working capital and exploration at the Aruba Project in Botswana, which covers 4,663 km² of the Molopo Farms Complex. The project targets Ni-Cu, Mn, and PGE mineralization through a two-phase exploration program including airborne surveys and drill testing.