Welcome to our dedicated page for Nine Mile Metals news (Ticker: VMSXF), a resource for investors and traders seeking the latest updates and insights on Nine Mile Metals stock.
Nine Mile Metals Ltd. (VMSXF) news centers on its role as a Canadian public mineral exploration company focused on volcanogenic massive sulphide (VMS) deposits in the Bathurst Mining Camp in New Brunswick, Canada. The company’s releases highlight copper-rich and polymetallic mineralization across its four VMS projects: the Wedge VMS Project, Nine Mile Brook VMS Project, California Lake VMS Project, and the Canoe Landing Lake (East–West) VMS Project.
Recent news has been dominated by detailed updates from the Wedge Project, where Nine Mile Metals reports completion of multiple drill holes in a Wedge Western Extension Drill Program and the confirmation of zones of massive copper-bearing sulphides (VMS – Cu-Pb-Zn-Ag-Au). Releases include descriptions of visible chalcopyrite, bornite and covellite in drill core, as well as tables of certified assay results and XRF data showing high-grade copper values from surface and pre-drill sampling programs.
Investors following VMSXF news can also find announcements on drill rig mobilization, exploration planning, and private placement financings that fund drilling and related exploration work on the company’s New Brunswick critical minerals projects. Technical news items describe sampling protocols, analytical methods at laboratories such as ALS Global and Actlabs, and the use of geophysical modeling and downhole geophysics to refine targets.
This news feed is useful for readers tracking how Nine Mile Metals advances its copper-focused and polymetallic VMS exploration programs, interprets new geological data, and allocates capital across its Bathurst Mining Camp projects over time.
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Nine Mile Metals Ltd. (CSE: NINE, OTCQB: VMSXF) announced a consulting agreement with Karlsson Group Limited on March 1, 2023. The three-month engagement aims to enhance brand awareness and broaden the Company’s reach in Scandinavian markets. Nine Mile will compensate Karlsson $35,884 monthly, with an option to convert to shares at a 10% discount on the 5-day VWAP. The firm focuses on Critical Minerals Exploration in New Brunswick, exploring four VMS projects, including the newly added Wedge VMS project, catering to the rising demand for copper, silver, lead, zinc, and gold driven by EV and green technologies.
Nine Mile Metals Ltd. resumes its 5,000m drill program at the high-priority ‘Hinge A’ target in the Nine Mile Brook VMS Project. The drilling is conducted by Orbit-Garant Drilling and re-enters the partially drilled Hole T05-A. This initiative follows its original announcement on January 16, 2023. The company plans to update on drilling progress in the upcoming weeks. In addition, Nine Mile has engaged Global Media One Limited for social media management and press release distribution, aiming to enhance investor engagement.
On February 9, 2023, Nine Mile Metals (CSE: NINE, OTCQB: VMSXF) announced a Mineral Property Option Agreement to acquire a 100% interest in the Wedge Project from Slam Exploration Ltd.. The Wedge Project covers 25 km² and historically produced 1.503MT of minerals, including copper, lead, and zinc. To secure the property, Nine Mile will pay an aggregate of 1,200,000 common shares and $150,000 over four years. The acquisition enhances Nine Mile's portfolio in the Bathurst Mining Camp and utilizes advanced UAV 3D and AI technology for exploration. This strategic move aims to increase shareholder value and bolster critical minerals production.
On February 8, 2023, Nine Mile Metals Ltd. (CSE: NINE, OTCQB: VMSXF) announced a consulting agreement with Oak Hill Financial Inc. for investor relations and capital market advisory services. The agreement includes a monthly fee of $10,000 plus applicable taxes. The partnership aims to enhance Nine Mile's corporate visibility in the investment community, particularly for its Critical Minerals projects in the Bathurst Mining Camp, New Brunswick. Oak Hill plans to leverage its extensive network to broaden Nine Mile’s shareholder base and attract institutional fund managers, positioning the company favorably within the growing battery metals sector.
Nine Mile Metals Ltd. announced the purchase of the West Nine Mile Brook Project from Windfall Geotek Inc. for 232,143 shares, now subject to a four-month hold period. This acquisition enhances their VMS Portfolio within the Bathurst Mining Camp, New Brunswick, covering 6.3 sq km and identified three high-priority target nodes. The project is strategically located along a mineralized trend, previously linked to the Wedge Deposit. CEO Patrick J. Cruickshank emphasized the role of AI from Windfall in boosting exploration capabilities. The property carries a 2% net smelter return, with a buyback option available for $500,000.
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