York Harbour Stock Price, News & Analysis

York Harbour Metals has received final approval to list its common shares on the Canadian Securities Exchange (CSE) under the symbol 'YORK', effective December 9, 2024. The company's shares will be delisted from the TSX Venture Exchange after market close on December 6, 2024.

The company has completed the first milestone of its option agreement with Firetail Resources , which holds an option to earn up to 31% interest in York's Copper Zinc-Silver Project in Newfoundland and Labrador over three years. Additionally, York Harbour has withdrawn its previously announced debt settlement transaction involving arm's length third parties and company directors.

York Harbour Metals has decided against a share consolidation and received significant benefits from its Option Agreement with Firetail Resources for the Skyline Copper Project in Newfoundland. The company received AUD $200,000 and 100 million Firetail shares as first milestone payment, with additional payments of AUD $300,000 and 75 million shares expected by the 3rd anniversary. The agreement includes a 20% project interest, NSR royalty, and commitment for 10,000 metres of drilling.

Recent drilling results showed impressive mineralization, with hole YH24-123 yielding 16.07 metres at 1.58% copper, 2.55% zinc, and 5.52 g/t silver, including a high-grade zone of 3.50 metres at 6.74% copper.

York Harbour Metals Inc. (TSXV: YORK) announces that Firetail Resources (ASX: FTL) has begun exploration activities at the Skyline Copper Project in Newfoundland, Canada, under their option agreement. York Harbour has received the first cash payment of CAD $200,000 and 100 million Firetail shares. Firetail has mobilized crews and a diamond drill rig to the site, planning a 5,000-metre maiden drilling program to extend high-grade copper mineralization and conduct a comprehensive geophysical survey along the project's 16 km strike length.

The exploration program includes drilling and electromagnetic (EM) surveys to confirm and expand upon historical copper results. This development aligns with York Harbour's strategy to create shareholder value by advancing high-grade projects in Newfoundland.

York Harbour Metals has successfully closed the first milestone of its option agreement with Firetail Resources, granting Firetail a 49% interest in the York Harbour Copper-Zinc-Silver Project in Newfoundland. The agreement allows Firetail to earn up to an 80% interest over a three-year period. Key terms include:

- $500,000 AUD in cash payments
- 175,000,000 ordinary shares in Firetail Resources
- Completion of 10 kilometres of drilling

A joint venture will be formed upon Firetail exercising the full option or terminating after acquiring a minimum 49% interest. York Harbour also announced a pending 3:1 share consolidation, subject to TSX Venture Exchange approval, to improve its capital structure and position for future growth.

York Harbour Metals (TSXV: YORK) (OTC Pink: YORKF) has announced a share-for-debt settlement to address outstanding indebtedness of CAD$330,616.38. The company plans to issue 4,723,088 common shares at a deemed price of $0.07 per share to settle debts with arm's length third parties and three company directors. Of this, CAD$87,812.50 or 1,254,463 shares will be issued to the directors. This decision aims to preserve cash for operations. The transaction is subject to TSX Venture Exchange approval, and all issued shares will have a four-month and one-day hold period.

York Harbour Metals Inc. (TSXV: YORK) (OTCQB: YORKF) held its annual general and special meeting on July 10th, 2024, where shareholders approved several key matters. These included the election of new board members, appointment of auditors, approval of financial statements, and the adoption of a restricted share unit (RSU) plan and a 10% rolling stock option plan.

The newly elected board consists of Blair L. Naughty, Richard G. Macey, Leo P. Power, and Michael Williams. The company's RSU Plan allows for up to 10% of outstanding shares (6,852,904 shares) to be issued as RSUs, while the Option Plan permits up to 10% of outstanding shares to be issued as stock options. Both plans are subject to insider participation limits and vesting conditions.

York Harbour Metals has appointed Brandon Schwabe as its new Chief Financial Officer. Schwabe brings significant experience to the role, having previously served in various senior financial positions. The company, focused on high-grade mineral projects in Newfoundland and Labrador, aims to leverage Schwabe's expertise to enhance its financial management and strategic planning. This change is expected to support York Harbour’s growth objectives and improve shareholder value.

York Harbour Metals, a Canadian exploration firm, has entered into an option agreement with Firetail Resources, allowing Firetail to earn up to 80% interest in York Harbour's Copper-Zinc-Silver Project in Newfoundland and Labrador. This agreement, subject to necessary approvals, involves a total consideration of $500,000 AUD, 175 million Firetail shares, and 10 kilometers of drilling over three years. Upon exercising the option fully, a joint venture will be formed, with York Harbour retaining a free carried interest until a pre-feasibility study is delivered. Key approvals from the TSX-V are pending.

York Harbour Metals Inc. (YORKF) announces positive rare earth elements mineralogical results at its Bottom Brook Project in Newfoundland. Dr. Derek H.C. Wilton conducted MLA-SEM analysis, highlighting high Total REE content, the presence of monazite and thorite, and similarities to known deposits. The project shows significant potential for concentration and exploration.