New Risk • Feb 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$3.5m). Earnings have declined by 4.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (CA$38.6m market cap, or US$28.4m). Annuncio • Feb 13
Metal Energy Corp. Announces CEO Changes Metal Energy Corp. announced the appointment of geologist Charlie Greig as CEO in a management change that reflects a corporate strategy focused on creating value from
BC's Toodoggone Region. Charlie Greig brings a distinguished four-decade career in exploration geology, including a key role as VP Exploration in the discoveries of GT Gold's Saddle North Cu-Au porphyry and the Saddle South high-grade gold-silver system, sold to Newmont in 2021 for $400 million. His extensive track record includes work, principally geologic mapping, on producing and advanced-stage projects such as Brucejack (Pretium-Newmont), Bisha (Nevsun Resources), La India (Grayd Minerals-Agnico Eagle), \and Alamo Dorado (Corner Bay-Pan American Silver), but also includes work in a wide range of roles across the spectrum of hard rock exploration and. Currently, Charlie serves as lead technical advisor for American Eagle Gold's on its NAK copper-gold porphyry project near Smithers, British Columbia, which is being explored in partnership with Teck Resources and South32. Charlie also serves as Executive Chairman of Evergold, a Toodoggone, BC-focused gold-silver exploration company. Metal Energy and its team sincerely thanks former CEO James Sykes for his leadership, contributions and continued support during this management transition. New Risk • Dec 29
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 89% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Negative equity (-CA$3.5m). Earnings have declined by 4.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (89% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$34.1m market cap, or US$24.9m). Annuncio • Dec 18
Metal Energy Corp. announced that it has received CAD 9.27532 million in funding from Centerra Gold Inc., Teck Resources Limited On December 17, 2025, Metal Energy Corp. closed the transaction. The company issued 8,884,000 flow-through common shares at an issue price of CAD 0.729 for gross proceeds of CAD 6,485,320 and 6,200,000 common shares at an issue price of CAD 0.45 for gross proceeds of CAD 2,790,000 for aggregate proceeds of CAD 9,266,436. The transaction included participation from new investors Centerra Gold Inc. , Teck Resources Limited for an equity stake of 9.9%. New Risk • Aug 28
New major risk - Revenue and earnings growth Earnings have declined by 0.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.2m free cash flow). Share price has been highly volatile over the past 3 months (34% average weekly change). Negative equity (-CA$3.7m). Earnings have declined by 0.7% per year over the past 5 years. Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.53m market cap, or US$2.57m). Annuncio • Jul 30
Metal Energy Corp., Annual General Meeting, Sep 17, 2025 Metal Energy Corp., Annual General Meeting, Sep 17, 2025. New Risk • Jun 01
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 32% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.1m free cash flow). Share price has been highly volatile over the past 3 months (32% average weekly change). Negative equity (-CA$3.4m). Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.83m market cap, or US$2.06m). New Risk • May 08
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.4m free cash flow). Share price has been highly volatile over the past 3 months (34% average weekly change). Negative equity (-CA$3.1m). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.96m market cap, or US$2.14m). New Risk • Dec 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 12% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (43% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.15m market cap, or US$2.88m). Minor Risk Shareholders have been diluted in the past year (12% increase in shares outstanding). Annuncio • Dec 21
Metal Energy Corp. announced that it has received CAD 1 million in funding from Orecap Invest Corp. On December 19, 2024, Metal Energy Corp. closed the transaction. The non-brokered Offering consisted of the sale of 8,800,000 flow-through units of the Company at a price of CAD 0.05 per FT Unit for gross proceeds of CAD 440,000 and 14,000,000 units, at a price of CAD 0.04 per Unit, for gross proceeds of CAD 560,000 for the aggregate gross proceeds of up to CAD 1,000,000. Each FT Unit consists of one flow-through common share in the capital of the Company and one half of one common share purchase warrant. Each whole FT Warrant is exercisable to acquire one common share in the capital of the Company at an exercise price of CAD 0.10 per FT Warrant Share for a period of 24 months from the closing of the Offering. Each Unit will be comprised of one common share in the capital of the Company and one-half of one Common Share purchase warrant. Each Warrant is exercisable to acquire one Common Share in the capital of the Company at an exercise price of CAD 0.08 per Warrant Share for a period of 24 months from the closing of the Offering. Finders' fees of CAD 12,200 cash and 268,000 finders' warrants were payable to arm's length finders in regard to the Offering. Under applicable securities laws in Canada, all securities issued in connection with the Offering are subject to a four-month and one-day hold period from the date of closing of the Offering. Annuncio • Nov 08
Metal Energy Corp. (TSXV:MERG) completed the acquisition of Highland Valley Project Located in Southern British Columbia from Happy Creek Minerals Ltd. (TSXV:HPY). Metal Energy Corp. (TSXV:MERG) agreed to acquire Highland Valley Project Located in Southern British Columbia from Happy Creek Minerals Ltd. (TSXV:HPY) for CAD 6.3 million on October 2, 2024. A cash consideration of CAD 0.3 million will be paid by Metal Energy Corp. The consideration also includes an earnout of CAD 6 million. Closing of the Transaction is subject to TSX.V approval. The transaction is expected to close in mid to late October, 2024.
Metal Energy Corp. (TSXV:MERG) completed the acquisition of Highland Valley Project Located in Southern British Columbia from Happy Creek Minerals Ltd. (TSXV:HPY) on November 7, 2024. Happy Creek CEO, Jason Bahnsen, to be appointed as a non-executive Director of Metal Energy at the next AGM. Happy Creek has received the equity consideration payment of 11,736,100 common shares in the capital of Metal Energy equivalent to 9.9% of the issued capital of Metal Energy. Recent Insider Transactions • Oct 15
Executive Chairman recently bought CA$60k worth of stock On the 10th of October, Stephen Stewart bought around 2m shares on-market at roughly CA$0.03 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Stephen's only on-market trade for the last 12 months. Annuncio • Apr 20
Metal Energy Corp., Annual General Meeting, Jun 27, 2024 Metal Energy Corp., Annual General Meeting, Jun 27, 2024. Annuncio • Jan 18
Metal Energy Corp. Starts Drilling At Sourcerock Lithium Brine Project Metal Energy Corp. announced that the planned diamond drill and brine testing program has started at the SourceRock lithium brine project near Thunder Bay, Ontario. The drill program has been planned for one initial drill hole down to 700 metres to assess the brine and rock characteristics using a suite of downhole geophysical surveys to qualify the brine system within the sedimentary rocks. Water sampling and other tests will then be performed to determine fluid constituents and water flow parameters. Pending the initial drill hole results, the Company is funded for an additional one to two drill holes on the Project. Annuncio • Jan 05
Metal Energy Corp. Receives $200,000 from the Ontario Junior Exploration Program to Advance Sourcerock Metal Energy Corp. announce that it has been selected to receive up to $200,000 from the Ontario Junior Exploration Program ("OJEP") to further advance its exploration efforts at the SourceRock lithium brine project near Thunder Bay, Ontario. SourceRock Exploration Plans: SourceRock is a drill-ready project with an exploration permit from the Ontario Ministry of Mines for up to 20 drill pads. Historic drilling and geophysical data have identified saline brine drill targets on the Project, however, the brines have never been tested for lithium or other elements. The Company remains engaged with local Indigenous groups, communities, and stakeholders, and anticipates a drill program to commence shortly in January. Board Change • Dec 31
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Executive Chairman Stephen Stewart is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Annuncio • Dec 20
Metal Energy Corp. announced that it has received CAD 0.64 million in funding On December 20, 2023, Metal Energy Corp., closed the transaction. The company issued 12,800,000 flow-through units at a price of CAD 0.05 per unit for the gross proceeds of CAD 640,000. The transaction included participation from James Sykes, company's CEO, and Stephen Stewart, Chairman of company both for a total of 400,000 units. As a part of the transaction, the company paid a finder fee of CAD 43,400 in cash and 854,000 finders warrants were payable to arms length finders in regards to this private placement. Annuncio • Dec 13
Metal Energy Corp. announced that it expects to receive CAD 0.63 million in funding Metal Energy Corp announces non-brokered private placement of 12,600,000 flow-through units of the Company at a price of CAD 0.05 per FT Unit for gross proceeds of CAD 630,000 on December 11, 2023. . Each FT Unit will be comprised of one common share in the capital of the Company (a "FT Common Share") and one half of one Common Share purchase warrant ("FT Warrant").Each FT Warrant is exercisable to acquire one Common Share (a "FT Warrant Share") at an exercise price of CAD 0.10 per FT Warrant Share for a period of 36 months from the closing of the Offering. The transaction is expected to close on or around December 18, 2023 and is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the TSX Venture Exchange. Annuncio • Jul 07
Metal Energy Corp., Annual General Meeting, Sep 14, 2023 Metal Energy Corp., Annual General Meeting, Sep 14, 2023. Annuncio • May 20
Metal Energy Corp., Annual General Meeting, Aug 10, 2023 Metal Energy Corp., Annual General Meeting, Aug 10, 2023. Annuncio • Feb 15
Metal Energy Continues Drilling Broad High- Grade Nickel Intersections Including 68.55 M of 0.82% Nieq At Manibridge Project Metal Energy Corp. announced assay results from four drill holes on the same section of the Phase Two drill program on the high-grade nickel and copper-cobalt Manibridge project (the "Project" or "Manibridge") in the Thompson Nickel Belt, Manitoba. Phase Two's 10,000 m drill program was completed in December 2022, with five additional drill hole assay results still pending. A total of 10,091 metres were completed over 36 diamond drill holes, including 6 abandoned drill holes, with all completed drill holes intersecting visible nickel sulphides. The drill hole collar locations were all within 150 to 600 metres of the old mine workings. The drill holes targeted the shallower parts of the Manibridge nickel sulphide system at depths between 100 and 400 metres from surface. Assay results for drill holes MNB036 to MNB040A are still pending and will be reported after the data has been received, reviewed, and approved. Metal Energy is the operator and owns 85% of the Project with Mistango River Resources Inc., an Ore Group company, owning the remaining 15%. Drill core samples were shipped to the Saskatchewan Research Council Geoanalytical Laboratories (SRC) in Saskatoon, Saskatchewan, in secure containment for preparation, processing, and whole rock and multi-element analysis by ICP-MS2 using total 4-acid digestion (HF:NHO3:HCl:HClO4). Assay samples comprise 0.2 to 1.5 m continuous samples of cut-core samples over nickel-sulphide mineralized intervals determined with a handheld XRF. Point samples comprise an isolated 0.1 to 0.5 m sample to characterize the rock types, alteration, structure, and potential for mineralization. The SRC is an ISO/IEC 17025/2005 and Standards Council of Canada certified analytical laboratory. Blanks, standard reference materials, and quartered core repeats were inserted into the sample stream at regular intervals by Metal Energy and the SRC in accordance with Metal Energy's quality assurance and quality control (QA/QC) procedures. Geochemical assay data are subject to verification procedures by qualified persons employed by Metal Energy prior to disclosure. Annuncio • Jan 24
Metal Energy Corp. Drills Three Holes with Broad Nickel Intersections Including 85.3 m of 0.67% NiEq At Manibridge Project Metal Energy Corp. announced assay results from three drill holes on the same section of the Phase Two drill program on the high-grade nickel and copper-cobalt Manibridge project (the "Project" or "Manibridge") in the Thompson Nickel Belt, Manitoba. Phase Two's 10,000 metres drill program was completed in December 2022, with nine additional drill hole assay results still pending. A total of 10,091 metres were completed over 36 diamond drill holes, including 6 abandoned drill holes, with all completed drill holes having intersected visible nickel sulphides. The drill hole collar locations were all within 150 to 600 metres of the old mine workings. The drill holes targeted the shallower parts of the Manibridge nickel sulphide system at depths between 100 and 400 metres from surface. Assay results for drill holes MNB032 to MNB040A are still pending and will be reported after the data has been received, reviewed, and approved. The Company is preparing a detailed video to put the results received to date into context. Metal Energy is the operator and owns 85% of the Project with Mistango River Resources Inc., an Ore Group company, owning the remaining 15%. Manibridge encompasses 4,368 hectares within the world-class Thompson Nickel Belt. The Project is 20 kilometers southwest of Wabowden, which has significant infrastructure and capacity that has supported previous exploration programs and mine development, including year-round highway access via Highway 6. Annuncio • Jan 12
Metal Energy Corp. Reports 5 Drill Holes Intersecting Shallow High-Grade Nickel Mineralization At Manibridge Project Metal Energy Corp. announced assay results from five drill holes of the Phase Two drill program on the high-grade nickel and copper-cobalt Manibridge project in the Thompson Nickel Belt, Manitoba. Phase Two's 10,000 metres drill program was just completed in December 2022. Drill holes MNB026 and MNB028A intersected thick accumulations of composite mineralization defined over 85 metres and 120 metres drill hole lengths with 63% and 46% of those intervals being mineralized, respectively. The ultramafic/mafic host rocks are typically 50 to 150 m thick with an average 30% of those intervals enriched with nickel sulphide mineralization. The assay results released to date highlight that mineralization is continuous over 170 metres along strike and between 100 to 200 m in the dip direction. Mineralization occurs as disseminations, net-textured, brecciated, remobilized in foliations and shears, and vein-hosted within the mafic to ultramafic host rocks. Mineralization defined in the Program is shallow with true vertical depth to mineralization ranging from 120 m to 300 m beneath the surface, average depth of 195 m. These results demonstrate the shallow nature of potential near-surface development. Drill hole MNB022 was re-sampled based on encouraging spot sample results. The intervals from 187.5 to 189.5 m and 194.5 to 196.5 m are the re-sampled intervals with assay results exceeding 0.3% Ni over 0.5 m of continuous mineralization. All other spot sample results after re-sampling in larger intervals were below the Company's reporting cutoffs. Assay results for drill holes MNB029 to MNB040A are still pending and will be reported after the data has been received, reviewed, and approved. The Company is preparing a detailed video to put the results received to date into context and what they mean with respect to global nickel deposits. A total of 10,091.6 metres were completed over 36 diamond drill holes, including 6 abandoned drill holes, with all completed drill holes having intersected visible nickel sulphides. The drill hole collar locations were all within 150 to 600 metres of the old mine workings. The drill holes targeted the shallower parts of the Manibridge nickel sulphide system at depths between 100 and 400 metres from surface. Metal Energy is the operator and owns 85% of the Project with Mistango River Resources Inc., an Ore Group company, owning the remaining 15%. Drill core samples were shipped to the Saskatchewan Research Council Geoanalytical Laboratories (SRC) in Saskatoon, Saskatchewan, in secure containment for preparation, processing, and whole rock and multi-element analysis by ICP-MS2 using total 4-acid digestion (HF:NHO3:HCl:HClO4). Assay samples comprise 0.2 to 1.5 m continuous samples of cut-core samples over nickel-sulphide mineralized intervals determined with a handheld XRF. Point samples comprise an isolated 0.10 to 0.5 m sample to characterize the rock types, alteration, structure, and potential for mineralization. The SRC is an ISO/IEC 17025/2005 and Standards Council of Canada certified analytical laboratory. Blanks, standard reference materials, and quartered core repeats were inserted into the sample stream at regular intervals by Metal Energy and the SRC in accordance with Metal Energy's quality assurance and quality control (QA/QC) procedures. Geochemical assay data are subject to verification procedures by qualified persons employed by Metal Energy prior to disclosure. All reported depths and intervals are drill hole depths and intervals, unless otherwise noted, and do not represent true thicknesses, which have yet to be determined. Annuncio • Jan 05
Metal Energy Completes 10,000 Metre Drill Program Metal Energy Corp. announced the acquisition of 100% interest in the Manibridge project ("Manibridge" or the "Project") concurrently with the completion of the Phase Two 10,000 metre drill program (the "Program"). All completed drill holes intersected visible nickel sulphides. The Company has released assays from 14 of 30 holes, with 16 holes to be released in early 2023. A total of 10,091.6 metres were completed over 36 diamond drill holes, including 6 abandoned drill holes, with all completed drill holes having intersected visible nickel sulphides. The drill hole collar locations were all within 150 to 600 metres of the old mine workings. The drill holes targeted the shallower parts of the Manibridge nickel sulphide system at depths between 200 and 400 metres. Assay results have been released for drill holes MNB007 to MNB023. Highlight assay results from the first eleven drill holes include 0.84% Ni eq. over 20.0 metres starting at 268.5 m drill hole depth in MNB014. Assay results for drill holes MNB024 to MNB040A are still pending, and the Company has sampled a few new intervals from drill hole MNB022 based on encouraging spot sample results (i.e., 0.1 m sample length). Assay results will be reported after the data has been received, reviewed, and approved. Annuncio • Nov 29
Metal Energy Corp. Reports 11 Drill Holes with Nickel over 20 Metres Metal Energy Corp. announced assay results from 14 of the 16 completed drill holes of the Phase Two drill program completed between June and July on the high-grade nickel and copper-cobalt Manibridge project (the "Project" or "Manibridge") in the Thompson Nickel Belt, Manitoba. This program successfully intersected multiple high-grade nickel-sulphide zones over 150 metres of along strike drilling and within 600 metres from the past-producing Manibridge mine that produced 1.3 million tonnes at 2.55% nickel and 0.27% copper from 1971 to 1977, indicating good potential to add tonnage beyond the historic mine. Manibridge Phase 2 Assay Results: Drill hole MNB021 intersected thick accumulations of composite mineralization defined over 144 metres drill hole length with 45% of that interval being mineralized. The ultramafic/mafic host rocks are typically 50 to 150 m thick with an average 30% of those intervals enriched with nickel sulphide mineralization. These results demonstrate the continuity and thickness potential of mineralization that exists at Manibridge. Twelve drill holes intersected high-grade nickel sulphide mineralization (i.e., defined as >0.8% Ni), and nine of those drill holes intersected multiple high-grade nickel zones. The results demonstrate the continuity of high-grade mineralization at Manibridge. Assay results confirm the overall nickel sulphide-rich lithostratigraphy ranges from 7.5 m (MNB017) to 66.0 m composite thickness (MNB021), with an average composite thickness exceeding 30 m. All drill holes intersected multiple zones of Ni-Cu-Co sulphides. The Ni-Cu-Co sulphides occur as disseminations within the mafic to ultramafic host rocks, net-textured, brecciated, remobilized in foliations and shears, and vein-hosted. Mineralization defined in the Program is shallow with true vertical depth to mineralization ranging from 100 m to 350 m beneath the surface, average depth of 215 m. These results demonstrate the shallow nature of potential near-surface development. Assay results for drill holes MNB024 and MNB025 are still pending, and the Company has sampled a few new intervals from drill holes MNB020 and MNB022 based on spot sample results (i.e., 0.1 m sample length). Assay results will be reported after the data has been received, reviewed, and approved. Manibridge Phase 2 Drill Program Results: The Program is planned for 10,000 metres of diamond drilling in approximately 33 drill holes. A total of 5,331 metres were completed in 19 drill holes (MNB007 to MNB025) between June 6 and July 28. The drill hole collar locations were within 300 to 600 metres of the old mine workings. The remaining 4,669 metres is currently ongoing, and drill holes will progress between 200 to 350 metres of the old mine workings. The average drill hole depths remain planned for between 225 and 400 metres. All drill holes will be inclined between -45 and -85 degrees. Metal Energy is the operator of Manibridge and owns 70% of the Project. Metal Energy is scheduled to achieve 100% ownership of Manibridge from CanAlaska Uranium Ltd. in the coming weeks without any further cash or share payments. About the Manibridge Project: Manibridge encompasses 4,368 hectares within the world-class Thompson Nickel Belt. The Project is 20 kilometers southwest of Wabowden, which has significant infrastructure and capacity that has supported previous exploration programs and mine development, including year-round highway access via Highway 6. Annuncio • Nov 08
Metal Energy Corp. Provides an Update on the Phase 2 10,000 Metre Drill Program on the High-Grade Nickel and Copper-Cobalt Manibridge Project in the Thompson Nickel Belt, Manitoba Metal Energy Corp. provided an update on the Phase 210,000 metre drill program on the high-grade nickel and copper-cobalt Manibridge project in the Thompson Nickel Belt, Manitoba. Drilling remains focused within the shadow of the past-producing mine that produced 1.3 million tonnes at 2.55% nickel and 0.27% copper from 1971 to 1977. Manibridge Phase 2 Drill Program Summary: The Program is planned for 10,000 metres of diamond drilling in approximately 33 drill holes. A total of 5,331 m were completed in 19 drill holes (MNB007 to MNB025) between June 6 and July 28. The drill hole collar locations were within 300 to 600 metres of the old mine workings. The remaining drill holes will progress between 150 to 300 metres of the old mine workings. The average drill hole depths remain planned for between 225 and 400 metres. All drill holes will be inclined between -45 and -85. All sixteen drill holes that successfully intersected the bedrock also intersected Ni-Cu-Co sulphide mineralization, confirmed with a handheld XRF. Drill core observations and XRF results confirm sulphide-rich lithostratigraphy ranges from 1 m thick (MNB018) to 55 m thick (MNB021), with an average thickness exceeding 15 m. Fourteen drill holes intersected two or more zones of Ni-Cu-Co sulphides. All drill holes had evidence of Ni-Cu-Co sulphides occurring as either disseminations within the mafic to ultramafic host rocks, remobilized in foliations and shears, vein-hosted, and/or net-textured or brecciated. Geochemical assays will be released as they become available from the lab and reviewed for QA/QC by the Company's Technical team. Metal Energy is the operator of the Program, holds 70% of the Project, and is currently earning towards 100% ownership of Manibridge, which is expected to be earned by the end of 2022. CanAlaska Uranium Ltd. currently holds the remaining 30% of the Project. About the Manibridge Project: Manibridge encompasses 4,368 hectares and is within the world-class Thompson Nickel Belt. The Project is 20 kilometers southwest of Wabowden, which has significant infrastructure and capacity that has supported previous exploration programs, including year-round highway access via Highway 6. Annuncio • Aug 04
Metal Energy Corp Announces Assays Confirm High-Grade Nickel in All Drill Holes from Phase One Drill Program Metal Energy Corp. announced assay results (Table 1) from the Phase One drill program (the "Program") completed in March and April on the high-grade nickel and copper-cobalt Manibridge project (the "Project" or "Manibridge") in the Thompson Nickel Belt, Manitoba. The Program successfully intersected high-grade nickel-sulphide mineralization over a one kilometre strike length within the shadow of the past-producing Manibridge mine that produced 1.3 million tonnes at 2.55% nickel and 0.27% copper from 1971 to 1977. Intersected high-grade nickel mineralization in every drill hole which demonstrates mineralization over a minimum one kilometre strike length; Discovered at least 4 zones of mineralization which provides for multiple zones of overlapping mineralization; Intersected thick intervals of continuous mineralization at shallow depths less than 300 m from surface which could be amenable to bulk tonnage mining operations; and Filled in gaps where no mineralization was previously defined which opens the mineralization potential in all directions. The Program consisted of six diamond drill holes for a total of 2,350 metres. Drill hole collar locations are provided in Table 2. Figure 1 shows the locations of the drill hole results on a long-section of mineralization. Drill holes MNB003 and MNB004 intersected thick accumulations of composite mineralization defined over 100 and 80 metres drill hole length with 40% and 55% of those intervals being mineralized, respectively. These results demonstrate the continuity and thickness potential of mineralization that exists at Manibridge. The grade-thickness results (Ni eq% x metres) of the first reported interval from MNB004 is better than a number of historic drill hole intersections that were part of the mine workings, demonstrating significant quantities of nickel sulphide mineralization were left in the ground well-outside of the mined area. Drill holes MNB001 and MNB003 both filled gaps in the mineralization model defined by historic drill hole results which indicates that mineralization is still open along strike and at depth. Both depth and strike length potential remain largely untested at Manibridge and will be the targets for future drill programs. Drill holes MNB002, MNB004 and MNB005 all intersected mineralization starting shallower than approximately 200 m from surface. All drill holes (MNB001 to MNB006) remain open in the up-dip direction and it's presumed that mineralization continues in this direction which provides potential for bulk tonnage open pit style of mining operations. Drill hole MNB006 successfully defined the continuation of high-grade mineralization beneath the old mine workings indicating that mineralization controls of the Manibridge system are continuous down to at least 700 m depth and could continue deeper. All drill holes remain open in the down-dip direction. Geochemical analysis was completed at Saskatchewan Research Council'sGeoanalytical Laboratories in Saskatoon, Saskatchewan. The samples were analyzed for whole rock and multi-element results using ICP1 Total 4 Acid Digestion methodologies. Annuncio • Jun 09
Metal Energy Announces 10,000 Metre Phase 2 Drill Program Started on Manibridge High-Grade Nickel Project CanAlaska Uranium Ltd. announced that its partner, Metal Energy, has started a phase two 10,000 metre drill program on the Manibridge high- grade nickel project in the Thompson Nickel Belt, Manitoba. Drilling will be focused within the shadow of the past-producing Manibridge Nickel Mine that produced 1.3 million tonnes at an average grade of 2.55% nickel and 0.27% copper from 1971 to 1977. Thirty-three drill holes, for a total of 10,000 metres, are planned within 600 metres of the past-producing Manibridge high-grade nickel mine. The program will consist of a series of drill fans along 50-metre spaced drill setups designed to characterize the nickel-copper sulphide mineralization and geology of the mineral system. The planned program will follow up on the results of a recently completed six drillhole program operated by CanAlaska in the spring of 2022 where disseminated and remobilized nickel-copper sulphide mineralization was intersected in all six drillholes. Occurrences of massive and net-textured sulphides were documented in several holes and intense serpentinization alteration of the sulphide-bearing ultramafic host rocks was also noted. A handheld portable Niton XRF confirms the presence of nickel and copper within the sulphide-bearing intervals and assays are pending. The summer 2022 drilling program is being solely funded by the current operator, Metal Energy Corp., as part of a staged earn-in option agreement. CanAlaska currently holds a 51% interest in the project. Annuncio • Jun 08
Metal Energy Corp. Starts 10,000 Metre Drill Program on Its Manibridge High-Grade Nickel Project Metal Energy Corp. announced its started its Phase 2 10,000 metre drill program (the "Program") on the high-grade nickel and copper Manibridge project (the "Project" or "Manibridge") in the Thompson Nickel Belt, Manitoba. Drilling will focus within the shadow of the past-producing mine that produced 1.3 million tonnes at 2.55% nickel and 0.27% copper from 1971 to 1977. The Program consists of diamond drilling 10,000 metres in approximately 33 drill holes. The drill hole collar locations will be within 150 to 600 metres of the old mine workings. The average drill hole depths are planned for between 225 and 400 metres. All drill holes will be inclined between -45 and -85. Geochemical assays will be released as they become available from the lab and reviewed for QA/QC. Metal Energy is the operator of the Program, holds 49% of the Project, and is currently earning towards 70% ownership of the Project with a short-term objective for 100% ownership of Manibridge. CanAlaska Uranium Ltd. currently holds the remaining 51% of the Project. Annuncio • May 18
Metal Energy Corp. Receives 100,000 Metre Drill Permit for 3-Years on Manibridge Project Metal Energy Corp. announced it has received a 3-year Work Permit from the province of Manitoba to allow for 100,000 metres of diamond drilling on the high-grade nickel and copper Manibridge Project in the Thompson Nickel Belt of Manitoba. 10,000 Metre Phase Two Drill Program on Manibridge: Preparations for Manibridge's Phase Two 10,000 metre diamond drill program are underway, with Metal Energy now acting as operator of the Project. The drilling contractor, accommodations, support services, and the Permit have all been secured. The Company anticipates mobilization of the drill program during the first days of June. The Company has approximately $5.5 million in cash and is fully-funded to carry out the Phase Two drill program. Recently Completed Phase One Drill Program on Manibridge: The recently completed Phase One drill campaign included six drill holes (MNB001 to MNB006) for over 2,350 metres. All drill holes successfully intersected nickel-copper sulphide mineralization; assay results are pending. Confirmation of nickel-copper sulphides ranged from 3.7 m thickness to 16.8 m thick, including a couple of drill holes intersecting small occurrences of massive net-textured sulphides. For full details, see Metal Energy news release dated May 2, 2022. The Company is preparing an in-depth video presentation to detail Phase One's drill program results, including its interpretations of mineralization controls and vectors for higher-grade nickel and copper occurrences. Manibridge encompasses 4,368 hectares and is within the world-class Thompson Nickel Belt. The Project is 20 kilometers southwest of Wabowden, with significant infrastructure and capacity supporting previous exploration programs, including year-round highway access via Highway 6. Metal Energy has acquired 49% interest in the Manibridge project effective March 22, 2022. The Company has elected to continue exploration to earn up to 70% in Manibridge with a long-term objective for 100% ownership of Manibridge. Annuncio • May 04
Metal Energy Intersects Nickel-Copper Sulphides in Every Hole on Inaugural Drill Programon its Manibridge Project Metal Energy Corp. announced its inaugural drill program is complete on the high-grade nickel and copper Manibridge project in the Thompson Nickel Belt, Manitoba. The Company is preparing an in-depth video presentation to provide details on this completed drill program, including its views on mineralization controls and vectors for higher-grade nickel and copper occurrences. Drilling was focussed within a one-kilometre strike-length of the Manibridge Mine which produced 1.3 million tonnes at 2.55% nickel and 0.27% copper from 1971 to 1977. Six drill holes (MNB001 to MNB006) were completed for a total of 2,350 metres. Drilling was cut short due to the expiration of the Government drill permits. All drill holes successfully intersected nickel-copper sulphide mineralization, confirmed with a handheld XRF. Confirmation of sulphides ranged from 3.7 m thickness (MNB003) to 16.8 m thick (MNB001) including a couple of drill holes intersecting small occurrences of massive net-textured sulphides (MNB001. Drill hole MNB004 intersected sulphides over three separate intervals. All drill holes had evidence of nickel-copper sulphides remobilized in foliations and shears. Intense serpentinization alteration of the sulphide bearing ultramafic rock types is interpreted to remobilize nickel-copper sulphides to other areas, therefore possibly providing higher-grade occurrences of nickel-copper sulphides at or near alteration margins. Preparations for Manibridge's Phase Two 10,000 metre diamond drill program are underway, with Metal Energy now acting as operator of the Project. The drilling contractor, accommodations, and support services have been secured, and the drill permits from the Manitoba Government are expected prior to month's end. The Company anticipates mobilization of the drill program immediately thereafter. Geochemical assay results from the drill program will be released once received from the lab and reviewed for QAQC. Metal Energy has been advised that the current turn-around time has been estimated at 6 to 8 weeks. CanAlaska Uranium Ltd. was the operator for this drill program. Annuncio • Mar 10
Metal Energy Corp. Now Drilling on its High-Grade Nickel Manibridge Project Metal Energy Corp. announced that a 3,000 metre drill program has started on the high-grade nickel Manibridge project (the "Project" or "Manibridge") in the Thompson Nickel Belt, Manitoba. Drilling will focus within the shadow of the past-producing mine that produced 1.3 million tonnes at 2.55% nickel and 0.27% copper from 1971 to 1977. The Company has prepared an in-depth video presentation for Manibridge that details Metal Energy's growth potential on the Project. Manibridge's drill program is planned for 3,000 metres with 9 drill holes all within a kilometre strike of the past-producing mine. Initial drill program results will be released upon completion of the program, and geochemical assays will be released later once received from the lab and reviewed for QAQC. CanAlaska Uranium Ltd. Is the operator for this inaugural exploration program. Manibridge encompasses 4,368 hectares and is within the world-class Thompson Nickel Belt. The Project is 20 kilometers southwest of Wabowden, which has significant infrastructure and capacity that has supported previous exploration programs, including year-round highway access via Highway 6. Annuncio • Feb 09
Metal Energy Updates on High-Grade Nickel Manibridge Project Metal Energy Corp. provided an update on the upcoming drill program planned for the high-grade nickel Manibridge project in the Thompson Nickel Belt, Manitoba. The Project incorporates a past-producing mine that produced 1.3 million tonnes at 2.55% nickel and 0.27% copper between 1971 and 1977. Manibridge's drill program is planned for 3,000 metres with 7 drill holes all within a kilometre strike of the past-producing mine. A crew is scheduled to start field preparations early next week to clear the trails and pack snow for the proposed drill collar locations. This program is fully permitted. A heli-borne mobile magnetotellurics geophysical survey is planned to cover the entire Project in May 2022. Mobile MT is a cutting-edge technology that accurately identifies electromagnetic and magnetic signatures to depths exceeding 1 km from the surface. Metal Energy plans to use the results from the Mobile MT survey to identify exploration targets for future drill programs proximal to the mine and on greenfields Project holdings to the east and north. The Company plans to follow up this news release with a video presentation to highlight the geology of Manibridge and how Metal Energy views its development potential. Manibridge encompasses 4,368 hectares and is within the world-class Thompson Nickel Belt. The Project is 20 kilometers southwest of Wabowden, which has significant infrastructure and capacity that has supported previous exploration programs, including year-round highway access via Highway 6. CanAlaska Uranium Ltd. are the operators of the Manibridge project. Metal Energy is earning into the Project and can become the operators after March's Phase 1 drill program. Annuncio • Jan 25
Metal Energy Corp. Announces That Diamond Drilling Has Started on the Company's Strange Nickel Exploration Project Metal Energy Corp. announced that diamond drilling has started on the Company's Strange nickel exploration project (the "Project" or "Strange"), Thunder Bay area, northwestern Ontario. Diamond drilling plans include: Approximately 1,500 metres in two drill holes planned to target magnetic anomalies interpreted as ultramafic rock types overlying sedimentary units, typical of Proterozoic-age Midcontinent Rift System ("MRS") nickel deposits. Geology of the Strange Project: The Strange project is located within the Animikie Basin geological region, which includes major sulfide nickel deposits hosted within strata-bound ultramafic bodies mantled by mixed ?sediment-volcanic sequences, such as Lundin Mining Corporation's (TSX: LUN) Eagle Mine and Eagle East deposit. Geological and geophysical evidence supports the interpretations for Strange hosting the right komatiitic ultramafic rock types mixing with sulphide-rich sediments similar to other global Proterozoic Midcontinent Rift-style nickel deposits, such as the Kambalda nickel ore district of Western Australia, the Raglan area of Northern ?Quebec, Voisey's Bay area of the Labrador coast, the Noril'sk district within the Kola Peninsula of eastern Russia, and the Thompson Nickel Belt ?of Manitoba.? The Company will follow-up this news release with a video presentation for shareholders and the investing community to highlight the drill program plans and what "success" would mean for the Company. The Project encompasses 11,800 hectares, is located within a well-established and politically-stable jurisdiction, has year-round highway access via Highway 593 and various secondary roads, and is located 55 kilometers southwest of Thunder Bay which has significant infrastructure and capacity that has supported the mining industry for more than a century. Annuncio • Jan 19
Metal Energy Updates on Drill Plans for First Quarter of 2022 Metal Energy Corp. announced its diamond drilling exploration plans for first quarter 2022 on the Company's Strange and Manibridge nickel projects. Drilling is expected to begin the week of January 24th for Strange and late-February/early-March for Manibridge. Diamond drilling plans include: 1,500 metres in two drill holes at Strange planned to target geophysical anomalies interpreted as ultramafic rock types overlying sedimentary units, typical of Proterozoic Mid-Continental Rift-style nickel deposits. An initial 3,000 metres in seven drill holes in and around the historic Manibridge Mine workings, which produced 1.3 M tonnes at 2.55% Nickel and 0.27% Copper from 1971 to 1977, to provide the Company with modern down hole information specific for understanding high-grade nickel mineralization in the old Mine area. A permit application for a larger drill program to start in second quarter of 2022 is in the works. Metal Energy's Nickel Assets: Manibridge: The Manibridge project is located in the Thompson Nickel Belt of Manitoba. Falconbridge also discovered the North Manibridge ?Zone, a significant nickel discovery measuring approximately 400 metres along strike and located 3 kilometres to the ?northeast of the mine. Premised on previous mining and drilling results, Manibridge appears to host high-tenor, high-grade nickel mineralization below and along strike of the previously mined area. Manibridge has the potential for numerous multi-tonne, high-grade ore zones within a larger mineralized envelope. Exploration drilling in 2019 by CanAlaska Uranium Ltd. targeted the North Manibridge Zone and intersected high-grade nickel mineralization, such as 12.06 Ni% from 128 - 129 metres downhole, within a broader interval of 2.75% Ni from 128 - 134.6 metres from hole 19MB020, and 6.1 Ni% from 133.83 - 135.31 metres from hole 19MB03. These exploration results demonstrate the possibility for additional high-grade nickel mineralization outside of the Manibridge Mine area. Both the Manibridge Mine and North Manibridge Zone occur within a belt of highly ?deformed and serpentinized ultramafic, mylonite, metasomatic pegmatite rocks that host potentially ?economic concentrations of disseminated to massive nickel sulphide mineralization. Manibridge encompasses 4,368 hectares, is located 20 kilometres south of Wabowden, Manitoba, and is accessible all-year via Highway 6. Strange: The Strange project is located within the Animikie Basin geological region, which includes major sulfide nickel deposits hosted within strata-bound ultramafic bodies mantled by mixed ?sediment-volcanic sequences, such as Lundin Mining Corporation's Eagle Mine and Eagle East deposit. Geological evidence supports the interpretations for Strange possibly hosting Proterozoic Midcontinent Rift-style nickel deposits, similar to the Kambalda komatiitic nickel ore deposit model of Western Australia, the Raglan area of Northern ?Quebec, the Pechenga district within the Kola Peninsula of eastern Russia, and the Thompson Nickel Belt ?of Manitoba.? Strange encompasses 11,800 hectares, is located 55 kilometres southwest of Thunder Bay, Ontario, and is accessible all-year via Highway 61 and various ?secondary roads. 