Welcome to our dedicated page for Tectonic Metals news (Ticker: TETOF), a resource for investors and traders seeking the latest updates and insights on Tectonic Metals stock.
Tectonic Metals Inc. (OTCQB: TETOF; TSX-V: TECT) regularly issues detailed news releases about exploration progress at its Flat Gold Project in southwestern Alaska. These updates focus on drilling results, geological interpretations, and project-scale developments across multiple intrusion-related gold targets, including Chicken Mountain, the Adit Zone, Alpha Bowl, Golden Apex, Black Creek and Jam.
Company news highlights assay results from both diamond core and reverse circulation drilling, often summarizing key gold intercepts, mineralized widths, and the extent of mineralization along strike and at depth. Tectonic also reports on how new holes confirm or extend mineralized corridors, such as the multi-kilometre connection between Chicken Mountain and Alpha Bowl, and how targets remain open in several directions.
Beyond assays, Tectonic’s releases describe its broader exploration strategy at Flat, including multi-rig drill campaigns, high-resolution drone magnetic surveys, and metallurgical test work related to heap-leach processing potential. Updates also cover initiatives like the "Virtual Drill Core Shack" webcasts, where the technical team discusses drill core photographs and geological observations in an interactive format.
Investors following TETOF news can expect coverage of drill program milestones, phase completions, planned meterage, and the company’s stated goal of advancing Chicken Mountain and other targets toward a maiden mineral resource estimate and future economic studies. Corporate announcements, such as annual general meeting results, board and chair appointments, and equity incentive grants, are also communicated through Tectonic’s news flow, providing additional context on governance and capital markets activity.
This news page aggregates these releases so readers can review the sequence of technical and corporate developments shaping Tectonic Metals’ exploration of the Flat Gold Project.
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Tectonic Metals has announced promising metallurgical test results from its Flat Gold Project in Alaska. The tests, which included conventional bottle roll and gravity methods, yielded gold recoveries averaging 95.6%, with one composite reaching 99.1%. A coarser crush test indicated an average recovery of 88.5%, suggesting viability for heap leaching. The results show that the mineralization is non-grind sensitive, low in sulphur, and favorable for various extraction methods. Tectonic plans to explore heap leaching further, capitalizing on these positive metrics to de-risk the project.
Tectonic Metals Inc. has announced the termination of its mineral lease agreement for the Seventymile Gold Project in Alaska, citing a disciplined approach to its exploration process. Despite positive exploration results, CEO Tony Reda emphasized the need for a clear three-year exploration plan and accountability for shareholder value. The company plans to focus on its Flat Gold Project for 2023, which is expected to provide a transformative opportunity. The decision reflects Tectonic's commitment to allocate resources where they yield the highest return on investment in the current market conditions.
Tectonic Metals Inc. announced the completion of its inaugural field program at the Flat Gold Project in southwestern Alaska, marking the first exploration in over 20 years. Key activities included trenching and sampling across a 3,800m long gold-in-soil anomaly, with significant results such as up to 8.8 grams per tonne gold in soil and 3.4 g/t in grab samples. The company aims to establish a solid technical foundation for a comprehensive drilling program in 2023, focusing on evaluating mineralization accurately.
Tectonic Metals has successfully closed a non-brokered private placement financing, raising C$3,100,900 by issuing 38,761,250 units at C$0.08 per unit. Each unit includes one common share and a warrant, exerciseable at C$0.12. This oversubscribed offering reflects strong demand despite challenging market conditions. The proceeds will fund Tectonic's Flat Gold Project and working capital. The issuance involves related parties, and all securities are subject to hold periods. The company aims to leverage its experienced team to enhance shareholder value.
Tectonic Metals Inc. has announced an upsized non-brokered private placement of units from C$2,000,000 to C$3,100,900. The offering will comprise up to 38,761,250 units priced at C$0.08 per unit, each including a common share and a warrant exercisable at C$0.12 for two years. Proceeds will be directed towards the Flat Gold Project and general working capital. The closing is contingent on standard conditions, including TSXV acceptance.
Tectonic Metals Inc. announces a C$2,000,000 non-brokered private placement, anchored by strategic shareholder Crescat Capital and geologist Dr. Quinton Hennigh. The offering involves the issuance of up to 25,000,000 units at C$0.08 per unit, each consisting of a common share and a warrant exercisable at C$0.12 for two years. Proceeds will fund the Flat Gold Project and general working capital, subject to TSXV approval. All securities will have a four-month hold period post-closing.
Tectonic Metals Inc. (TSXV:TECT)(OTCQB:TETOF) has appointed Oliver Foeste, CPA, CA as the new Chief Financial Officer (CFO) and Corporate Secretary, effective immediately. Foeste, founder of Invictus Accounting Group LLP, possesses extensive finance and compliance experience in various sectors, including mining. He succeeds Xavier Wenzel and will oversee Tectonic's accounting and finance operations. In connection with this appointment, the company granted 400,000 stock options at an exercise price of $0.10 per share.
Tectonic Metals Inc. announced that at the Annual General and Special Meeting held on September 22, 2022, shareholders approved all items on the agenda. This includes the re-election of board members Antonio Reda, Curtis J. Freeman, Allison Rippin Armstrong, Joseph J. Perkins, and Michael W. Roper. Additionally, shareholders re-appointed Davidson & Company LLP as the company’s auditors and adopted a new Equity Incentive Plan. These steps are part of Tectonic's strategic initiatives to enhance governance and incentivize performance.
Tectonic Metals Inc. (TETOF) announced promising results from its 2022 Reverse Circulation drill program at the Seventymile Gold Project in Alaska. The program included nine holes totaling 1,412 meters, all intersecting gold mineralization. A notable highlight was a drill hole yielding 59.4 g/t Au over 1.53m. The program validated the company's exploration strategy, particularly within the Flume trend, which hosts multiple gold zones. This data will aid in refining future exploration efforts.