Major Precious Stock Price, News & Analysis

Major Precious Metals has appointed Tony Williams as the new Chairman and CEO. Williams, founder of the Dragon Group, has extensive mining finance experience and has successfully brought various projects to production across multiple jurisdictions. Additionally, Dr. Gustavo Delendatti has been appointed as VP Exploration, bringing over 25 years of experience in mineral deposits evaluation. The Company aims to maximize shareholder value by leveraging Williams' expertise along with Delendatti's contributions to the development of the Skaergaard PGM-Au project in Greenland.

Major Precious Metals has announced a forthcoming diamond drilling program for its Skaergaard Project in Greenland, set to commence in late June 2021. This initiative follows a supportive election outcome for the new coalition government, which backs exploration and mining development. Conditional approval from Greenland's Mineral Licensing and Safety Authority has been received, with further approvals expected. The project is strategically positioned, likely to attract funding for critical minerals, which include palladium, platinum, and titanium, enhancing its potential for future growth.

Major Precious Metals Corp. (CSE:SIZE | OTC:SIZYF) updates on the Skaergaard Project in Greenland, announcing a large diamond drilling program set to commence in late June to early July. The recent coalition government in Greenland is supportive of mining, having provided conditional approval for the project. The Skaergaard Project is seen as strategically important due to its rich deposits of critical minerals like palladium and platinum, with potential funding opportunities from European and U.S. export credit agencies to advance it without shareholder dilution.

Major Precious Metals Corp. (CSE:SIZE | OTC:SIZYF) confirmed no material changes in operations that would explain its recent stock price decline despite reporting a resource estimate of 5.5 million palladium equivalent ounces indicated and 14.4 million ounces inferred at Skaergaard. The company indicated that manipulative trading practices, including spoofing and wash trading, may have impacted share prices. Experts highlight concerns about predatory short selling in Canadian markets, with recommendations for regulatory reforms to curb such practices.

Major Precious Metals has announced the adoption of a Shareholder Rights Plan effective April 26, 2021, to protect shareholders during potential take-over bids. This Plan aims to ensure fair treatment of shareholders by allowing evaluation time for unsolicited offers. Each common share will be attached to a right, with provisions preventing dilution during Permitted Bids. The Plan will be subject to shareholder ratification within six months; failure to ratify will terminate the Plan. The company's aim is to maximize shareholder value amid any acquisition attempts.

Major Precious Metals recently announced an independent Mineral Resource Estimate for the Skaergaard Project by SLR Consulting, revealing significant increases in mineral tonnages and contained metals.

The Indicated Mineral Resource now stands at 81.6 million tonnes with 5.51 Moz contained PdEq ounces, while Inferred resources increased to 14.4 Moz PdEq ounces from 217.3 million tonnes. Enhanced modeling and higher metal prices contributed to the improved estimates, which will be further assessed in an upcoming drilling program.

Major Precious Metals Corp announced plans for its summer 2021 exploration and diamond drilling program at the Skaergaard Project in Greenland. The company secured a converted icebreaker for crew accommodations, reducing environmental impact. They aim to conduct a minimum of 10,000 metres of drilling using four heli-supported rigs, with mobilization scheduled for late June to early July. Conditional approval from Greenland’s Mineral Licensing and Safety Authority has been obtained, facilitating the planned activities.

Major Precious Metals Corp. has appointed Mr. James Sparling as Project Manager for the Skaergaard Project. With over 30 years of experience, Sparling brings significant expertise in exploration management and mining operations, having previously worked with HudBay Minerals and North American Nickel. The company is optimistic about his ability to manage upcoming exploration and drilling programs at Skaergaard in 2021. The acquisition of Skaergaard is still pending approval from the Canadian Securities Exchange, and the company is collaborating on a Mineral Resource Estimate for a Preliminary Economic Assessment.