Aankondiging • Oct 26
Minto Metals's Shares to be Delisted from TSX Venture Exchange, Effective October 31, 2023 Further to TSX Venture Exchange bulletin dated July 07, 2023, effective at the close of business on October 31, 2023, the common shares of Minto Metals Corp. will be delisted for failure to maintain Exchange Requirements. Prior to the delisting, the common shares of the company were subject to a suspension from trading. Aankondiging • Jul 10
Minto Metals' Tier Classification to Change from Tier 1 to Classification Tier 2 In accordance with Policy 2.5, the Minto Metals Corp. has not maintained the requirements for a Tier 1 company. Therefore, effective, July 11, 2023, the Company's Tier classification will change from Tier 1 to: Classification Tier 2. Further to the TSX Venture bulletin issued on May 16, 2023 trading in the shares of the Company will remain suspended. Aankondiging • May 17
Minto Metals Corp. Announces Resignation of Directors and Senior Management Minto Metals Corp. announces that Gati Al-Jebouri, Lazaros Nikeas and Derek White resigned from the Company's board of directors effective May 12, 2023 and Joe Phillips, Chris Stewart and Jay Johnson resigned effective May 13, 2023. Following these resignations, the Company has no remaining directors. The Company also announces the resignation of Tracy Dormer, Vice President, HR and Camp Operations effective May 5, 2023 and Loralee Johnstone, Vice President, ESG effective May 13, 2023. Gati Al-Jebouri has resigned from his position of Director and Chairman of the Audit Committee of Minto as of 12 May 2023 due to the conflict of interest arising from the fact that the Company has a claim against Minto. Reported Earnings • Apr 08
Full year 2022 earnings released: CA$0.15 loss per share (vs CA$0.032 loss in FY 2021) Full year 2022 results: CA$0.15 loss per share (further deteriorated from CA$0.032 loss in FY 2021). Revenue: CA$153.2m (up 11% from FY 2021). Net loss: CA$11.1m (loss widened 461% from FY 2021). Aankondiging • Feb 03
Minto Metals Corp. Reports Multiple High-Grade Copper Intersections from Follow-Up Drilling at Minto North Including 1.91% Copper over 34.59 Metres Minto Metals Corp. reported the progress from its 2022 exploration drilling program at the Minto Mine located within the Selkirk First Nation's Territory in central Yukon, Canada. The Company reports updated drill results from its recently completed 2022 exploration drilling program at Minto North. Drill hole 22EXP045 cut 1.91% Copper ("Cu") over 34.59 metres ("m") including 4.80% Cu over 10.10 m drill width from 194.19 m downhole in follow-up, step-out drilling from drill hole 21EXP003 that cut 1.58% Cu over 28 metres. These and other results represent mineralization west of the current NI 43-101 resource at Minto North. As of December 31, 2022 Minto has completed 53 holes for 28,438 metres. Previous results for 2022 were reported in the press release dated April 28, 2022 and October 20, 2022. Drilling was conducted under the conditions and authorizations of Quartz Mining Land Use Permit# LQ00565 issued by the Department of Energy Mines and Resources, Yukon Government. Results released today are from five drill holes totalling 2,261 m. Results reported February 2, 2023 were drilled as 50-metre step-outs from mineralization intersected in hole 21EXP003 and 22EXP042 that successfully intersected 28 m @ 1.58% Cu including 9 m @ 3.50% Cu and 20 m @ 2.20% Cu including 5.05% Cu over 3.65 m, respectively. Hole 22EXP044 was drilled 50 m north of 21EXP003 returned 20.14 m @ 1.71% Cu including 11.14 m @ 2.43% Cu. Hole 22EXP045 was drilled approximately 50 m southeast of 21EXP003 and returned 34.59 m @ 1.91% Cu including 10.10 m @ 4.80% Cu. Hole 22EXP046 was drilled approximately 50 m west of 22EXP042 but failed to return significant quantities of Cu mineralization. Holes 22EXP047 and 22EXP048 were drilled 100 m and 150 m east of 22EXP045, respectively and returned thick, lower-grade Cu mineralization (49.38 m @ 0.45% Cu and 60.46 m @ 0.45% Cu, respectively), vertically 50 m deeper than mineralization encountered in holes 21EXP003, 22EXP042, -44 and -45. Mineralized host rocks (quartzo-feldspathic migmatite) and sulphide speciation (bornite and chalcopyrite) are consistent in all holes reported with a direct correlation between sulphide content and Cu grade. The results reported herein are well correlated with a moderate-strong chargeability anomaly detected during a 2010 Orion 3D DC-IP survey performed by Quantec Geoscience on the Mine Property. Current interpretation suggests a western, fault-displaced downwards extension of the Minto North orebodies. The chargeability anomaly associated with mineralization reported measures approximately 350 metres by 150 metres. Board Change • Dec 30
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. Independent Director Edie Hofmeister is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Dec 21
Minto Metals Corp. Reports Results from 2022 Magnetotellurics Survey over Minto Mine Property Minto Metals Corp. reported results from the 2022 Magnetotellurics survey over the Minto Mine Property. The Company commissioned Quantec Geoscience Ltd. to conduct a SPARTAN MT survey, a deep-penetrating Magnetotellurics (MT) survey over the Minto Mine Property. The goal for the MT survey was to extend the geophysical coverage for the Minto Mine Property to depths below the extents of previous geophysical surveys, diamond drilling and current mining infrastructure to assess the potential for additional economic mineralization. Quantec completed the survey, consisting of a total of 184 SPARTAN MT sites, between July 10, 2022 and August 28, 2022 with results received by the Company in late November 2022. MT is a passive electromagnetic technique that maps resistivity by measuring telluric currents induced in the earth by natural sources such as lightning, solar flares and ionospheric resonances. SPARTAN MT is full-tensor audio-magnetotelluric technology that acquires data in the 10 kHz to 0.001 Hz frequency band. Results from the MT survey highlighted three significant low resistivity, moderate to high conductive anomalies on the Minto Mine Property: A large low resistivity anomaly below the Minto Mine Property orebodies extending to a depth of approx. -300m elevation (ELEV) (approximately 650 metres below the lowest current mine development or roughly 1,000 meters below surface; A low-moderate resistivity anomaly to the NE of the Minto Mine Property workings that appears to follow the regional NW-SE structure. The anomaly extends from 200m ELEV to approx. -900m ELEV (approximately 1,100 meters of interest); and A large, low resistivity anomaly at the south end of the Minto Mine Property that likely represents the younger-aged, Little Ridge /Casino Formation mafic volcanics and associated sediments. Discussion: The Minto Mine Property orebodies appear within the upper portion and cluster around MT anomaly A that extends to depths up to 650 metres below the current mining infrastructure. The relationship between mineralized orebodies at the Minto Mine Property and the low resistivity anomaly is not currently constrained due to lack of drilling. Two conceptual targets have emerged based on these results and previous geophysics surveys (Titan DC-IP /MT circa 2010): 1) the entirety of the low resistivity Anomaly A; and 2) the transitional zone between low and moderate resistivity at Anomalies A, B and several other isolated, targets. This data is being integrated into the Minto geological model and will be a key input for ALS Goldspot Discoveries Corp.'s work with machine-learning prospectivity and target generation. Outlook: The Company has completed its drilling program for 2022 and are awaiting results from 19 drill holes that targeted Minto North and Minto East. Minto expects to report on these results in early January 2023. The Company was recently informed of a January 2023 delivery date for Phase 1 Targeting being conducted by ALS Goldspot Discoveries Corp. that includes machine learning derived prospectivity heat-maps highlighting areas with a high probability for mineralization, prioritized drill targets and an updated 3D geological model. The Company is planning an aggressive resource growth and discovery drill program for 2023 that will include drill-testing the MT anomalies highlighted in this news release and will provide guidance following board of director approval. Reported Earnings • Nov 18
Third quarter 2022 earnings released: CA$0.17 loss per share (vs CA$0.009 loss in 3Q 2021) Third quarter 2022 results: CA$0.17 loss per share (further deteriorated from CA$0.009 loss in 3Q 2021). Revenue: CA$35.3m (up 17% from 3Q 2021). Net loss: CA$12.3m (loss widened 94% from 3Q 2021). Board Change • Nov 16
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. Independent Director Edie Hofmeister is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CA$1.20, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 9x in the Metals and Mining industry in Canada. Aankondiging • Oct 21
Minto Metals Reports 2.20% Copper over 20 Metres to Extend Minto North; 3.52% Copper over 7.26 Metres At Cu Keel South Discovery Lokesh Machines Limited announced that the members of the company at the 38th Annual General Meeting held on September 28. 2022 inter-alia approved the appointment of Mr. S.S. Raman as an independent director of the company, the appointment of Mr. K. Krishna Swamy as non- executive director of the company. Mr. S.S. Raman is an Engineer with PGD in Production Engineering. He is a Certified "Executive CEO Coach" from CFI India 1 st batch. Mr. Raman is also certified "Corporate Director" from Institute of Directors. He is also a Certified EQI 2.0 practitioner, CBT practitioner, NLP Basic practitioner and ADD practitioner. He has 37 years of Experience in organizations such as TATA Motors, Birla Yamaha Limited, Whirlpool of India Limited, TVS Electronics Limited. He retired as Managing Director of TVS Electronics Limited and was Executive Director in Whirlpool of India Limited. His has exposure of various areas including Sales, Marketing and Service beside core of manufacturing, Technology and SCM, exposed to International business and alliance in global procurement. Mr. K Krishna Swamy has more 48 years of vast experience in designing. He started his career with HMT during 1964 and after a long stint in all its divisions, became the Chief Engineer in-charge of its design depa1iment during t 978 to 1983. Mr. Krishna Swamy, during his tenure at HMT had received training under experts in the designing field including Cross Company Inc., USA, and the then as a collaborator of HMT he has designed a number of machines notable among them being Rotary Indexing Machines, Linear Transfer Machines and Line Boring Machines etc. He has been with LOKESH since 1995 and is presently a non-executive director. Minto Metals Corp. reported the progress from its 2022 exploration drilling program at the Minto Mine. The Company reports updated drill results from the ongoing 30,000 metre ("m") exploration drilling program. Highlights include high-grade results received from exploration drilling at Minto North. Drill hole 22EXP042 cut 2.20% Copper ("Cu") over 20 m drill width in follow-up, step-out drilling from drill hole 21EXP003 that cut 1.58% Cu over 28 m. Combined, these results represent mineralization approximately 200 m west-northwest of the current NI 43-101 resource at Minto North. Additional Highlights -Hole 22EXP031 2.11% Cu over 12.16 m from 84.84 m downhole including 3.52% Cu over 7.26 m representing a newly discovered mineralized lens in the footwall of the 122 Lens at Cu Keel South; Hole 22EXP034- 1.30% Cu over 4.41 m from 127.04 m downhole representing a new mineralized lens below the Ridgetop orebody; Hole 22EXP023- 0.46% Cu over 29.39 m from 74.81 m downhole; a new, near-surface discovery. Drilling was conducted under the conditions and authorizations of Quartz Mining Land Use Permit# LQ00565 issued by the Department of Energy Mines and Resources, Yukon Government. Results released now are from 19 drill holes totalling 10,610 m (see Table 1 for Drill hole information and Table 2 for Assay results). As of August 31st, Minto has drilled 43 holes for 23,311 m of a budgeted 30,000 m for 2022. Previous results for 2022 were reported in the. Drill hole 22EXP042was drilled as a 50-metre step-out from mineralization intersected in hole 21EXP003. The hole successfully intersected 20 m @ 2.20% Cu including 5.05% Cu over 3.65 m. Host rock and sulphide content were near identical to hole 21EXP003. Early interpretation is that these two mineralized intersections represent the western down-plunge extension of the Minto North orebodies. The Company is currently awaiting results from five additional drill holes, three of which are testing the 200 m gap between the Minto North orebodies and one stepping out 50 m west of hole 22EXP042. It remains unclear at the moment whether the mineralized zones from 22EXP042 and 21EXP042 represent an entirely new lens, down-plunge extension of Minto North lenses 122 & 122, fault-displaced (down) Minto North Main zone or up-plunge extension of mineralization from historical drill hole 09SWC587. Assay results from drill holes 22EXP044 through -048 are pending. Drill hole 22EXP031 was designed to test a strong chargeability anomaly in the footwall of the Cu Keel South orebody. The hole successfully intersected a semi-massive, chalcocite-dominant migmatitic granodiorite with a grade of 2.11% Cu over 12.16 m that included a 7.26 m interval of 3.52% Cu. This drill intersection is interpreted as a new lens in the immediate footwall of the 112 Lens at Cu Keel South. Additional mineralized zones were also identified up to 400 m below the current Cu Keel South resources. Drill hole 22EXP034 was designed to test a moderate to strong chargeability anomaly in the footwall to the Ridge Top orebodies. The hole cut 1.30% Cu over 4.41 m from a drill hole depth of 127.04 m downhole and is interpreted to be a new mineralized lens also intersected in historical drill holes 07SWC258 and 09SWC580. Drill hole 22EXP023 was designed to test a chargeability anomaly immediately north of the Minto Aerodrome. The hole intersected multiple chalcopyrite-bornite mineralized lenses hosted within typical Minto host rock (gneissic to migmatitic granodiorite); the most significant of which was a near-surface lens that 29.39 m averaging 0.46% Cu from 74.81 m downhole. Aankondiging • Oct 13
Minto Metals Corp. to Report Q3, 2022 Results on Nov 17, 2022 Minto Metals Corp. announced that they will report Q3, 2022 results on Nov 17, 2022 Aankondiging • Aug 24
Minto Metals Corp. Provides Production Guidance for the Full Year Ended December 31, 2022 Minto Metals Corp. provided production guidance for the full year ended December 31, 2022. For the year, the company expected gold production of 11,000 ounces to 12,100 ounces and Silver production of 140,000 ounces to 150,000. Reported Earnings • Aug 23
Second quarter 2022 earnings released: CA$0.13 loss per share (vs CA$0.004 profit in 2Q 2021) Second quarter 2022 results: CA$0.13 loss per share (down from CA$0.004 profit in 2Q 2021). Revenue: CA$32.0m (down 9.6% from 2Q 2021). Net loss: CA$9.46m (down 410% from profit in 2Q 2021). Board Change • Aug 05
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. Independent Director Edie Hofmeister is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Jun 30
Minto Metals Corp. Elects Jay Johnson as Director Minto Metals Corp. announced that at its Annual and Special Meeting of Shareholders held on June 28, 2022, approved the election of Jay Johnson as Director. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 17% share price gain to CA$2.40, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 12x in the Metals and Mining industry in Canada. Reported Earnings • May 27
First quarter 2022 earnings released First quarter 2022 results: EPS: CA$0.20. Revenue: CA$53.3m (up 75% from 1Q 2021). Net income: CA$14.5m (up CA$14.4m from 1Q 2021). Profit margin: 27% (up from 0.5% in 1Q 2021). The increase in margin was driven by higher revenue. Board Change • Apr 27
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Independent Director Irshad Karim is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Apr 16
Minto Metals Corp., Annual General Meeting, Jun 28, 2022 Minto Metals Corp., Annual General Meeting, Jun 28, 2022. Reported Earnings • Apr 02
Full year 2021 earnings released: CA$0.032 loss per share (vs CA$0.025 loss in FY 2020) Full year 2021 results: CA$0.032 loss per share. Revenue: CA$138.3m (up 74% from FY 2020). Net loss: CA$1.97m (loss narrowed 89% from FY 2020). Aankondiging • Feb 24
Minto Metals Corp. Provides Overview of its 2022 Exploration Program Minto Metals Corp. provided an overview of its 2022 Exploration Program. The Board of Directors recently approved a CAD 9.2 million exploration program for 2022. The program will consist of: 30,000 meters of surface diamond drilling which will explore historical untested, high priority targets within 2 km of existing mine operations as well as some delineation and infill drilling of potential new resource zones. Paycore Drilling has been retained as surface diamond drilling contractor. Surface geophysics which will include: Borehole Pulse Electromagnetic surveys of all-new drill holes; and Passive Magnetotellurics survey to identify new drilling targets at depth beneath the current Mine infrastructure. Remote Sensing: procured Exploration Mapping out of Denver, CO will supervise and task a 1,993 km2 Worldview-3 Spectral Mapping satellite survey over Minto properties. The Worldview-3 satellite captures information across the visible, near-infrared, and short-wave infrared regions of the electromagnetic spectrum and is the highest spatial and spectral resolution satellite imagery commercially available. Minto has partnered with Goldspot Discoveries Corp. to support Exploration efforts at Minto Metals. Goldspot will assist by compiling and re-processing Minto geological data to support artificial intelligence and data science exploration methods. This will include re-processing and interpreting historical local and regional geophysics datasets, and developing enhanced geochemical models. Identification of new surface and underground targets are a priority, as well as an updated 3-D geological model. Minto has also engaged Equity Exploration Consultants Ltd. to compile and maintain the company's geoscientific and mining databases and to monitor ongoing Quality Assurance /Quality Control performance. Minto has retained Bureau Veritas for geochemistry services in 2022. The 2022 drill program has been designed to try and create resource additions in the near term and on an ongoing basis moving forward. A large inventory of untested, high-priority exploration targets remain from previous operators where initial drill testing has not been conducted since 2012. These untested, high potential targets include possible extensions to the Minto North, Area 2 and Ridgetop orebodies as well as zones at a depth between the Minto Main Pit and Minto North Pit. Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Dec 05
Third quarter 2021 earnings: Revenues in line with analyst expectations Third quarter 2021 results: Revenue: CA$30.1m (flat on 3Q 2020). Net loss: CA$6.34m (flat on 3Q 2020). Revenue was in line with analyst estimates. Board Change • Dec 03
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. No independent directors (4 non-independent directors). CEO & Director Remigio Muller was the last director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 
