Aankondiging • May 28
Zonte Metals Inc., Annual General Meeting, Jul 22, 2025 Zonte Metals Inc., Annual General Meeting, Jul 22, 2025. Location: nova scotia, mount uniacke Canada Aankondiging • Apr 16
Zonte Metals Inc. Reports the Extension of the Gravity Anomaly At the Big K Target on Its Cross Hills Copper Project in Newfoundland and Labrador Zonte Metals Inc. reported the extension of the gravity anomaly at the Big K target on its Cross Hills Copper Project in Newfoundland and Labrador, marking the seventh large-scale anomaly discovered by the company. Highlights from Nine Mile target: Discovery of two gravity anomalies within the target, extending the total length to 2.2km. The largest gravity anomaly measures 1400 x 600m and 840m deep. Above the anomaly, a bedrock copper showing returned 2.82% Cu and 10 g/t Ag. Gravity anomalies are coincident with copper-in-soil anomalies. The northern portion of the Big K target was previously defined through gravity, magnetics, structural analysis, IOCG-style alteration, and copper in bedrock and Cu-in-soil anomalies. Earlier work identified a drill-ready target approximately 1,500 meters long. However, additional soil sampling in 2024 extended the original soil anomaly further south (August 7, 2024). The recent gravity survey was conducted over this newly identified southern extension. Results from the 2025 gravity survey identified two closely spaced gravity anomalies within a 2.2 km strike length. The larger anomaly measures 1,400 by 650 meters and extends to a depth of up to 840 meters. The second anomaly, located 140 meters to the south, has a generally spherical shape with a diameter of 650 meters. Both anomalies lie between 40 and 60 meters below the surface. Note, the anomalies become one when the 3D residual gravity is processed at 0.50 g/cc. A previously discovered high-grade bedrock copper showing, which returned 2.82% Cu and 10 g/t Ag, sits above the anomalies. This showing consists of a chalcocite vein cutting through a capping granite and is believed to have resulted from a fluid injection, possibly linked to the gravity anomalies below. The chalcocite vein, ranging from 2 to 8cm in width and 1.5m in length before merging into granite, was selectively sampled. Thus, the grab sample may not accurately represent the true underlying mineralization. The Company has conducted numerous geophysical and geochemical programs over the target area. Among these, Mobile Metal Ion and Soil Gas Hydrocarbon soil sampling programs have been completed, both of which identified Cu-in-soil anomalies coinciding with the gravity signatures. The very southern portion of the target area has not been covered with SGH sampling. The Company may complete further sampling to bring this target to drill-ready stage. In addition, Southern Sky Resources Corp. has notified the Company it has terminated the option agreement for the Wings Point East Project. Aankondiging • Jan 01
Zonte Metals Inc. announced that it has received CAD 0.2559 million in funding On December 30, 2024 Zonte Metals Inc. closed the transaction and issued 715,000 Common Share Units at a price of CAD 0.06 per Common Share unit for proceeds of CAD 42,900 and 3,276,924 Flow-through Shares at a price of CAD 0.065 per Flow-through Share for proceeds of CAD 213,000.06 for the aggregate gross proceeds of up to CAD 255,900.06. Each full warrant is exercisable until December 20, 2026. In connection with securities sold pursuant to the Offering, the Company will pay CAD 15,680 in cash and issue 243,385 Finders’ Warrants to two Eligible Finders, each of whom is at arm’s length to the Company. Each Finders’ Warrant is exercisable until June 20, 2026, to purchase one common share of the Company at a price of CAD 0.12 per share. Finders’ Fees paid in connection with the Offering are subject to and in accordance with Exchange and regulatory policies. An insider of the Company acquired 150,000 CS Units of the Offering for proceeds to the Company of CAD 9,000. All securities issued pursuant to the Offering will be subject to a four-month and one day statutory hold period ending April 21, 2025. Aankondiging • Dec 19
Zonte Metals Inc. announced that it expects to receive CAD 0.75 million in funding Zonte Metals Inc. announced a non-brokered private placement that it will issue up to 6,000,000 Common Share Units at a price of CAD 0.06 per Common Share unit and 6,000,000 Flow-through Shares at a price of CAD 0.065 per Flow-through Share for the aggregate gross proceeds of up to CAD 750,000 on December 18, 2024. The transaction is subject to TSX Venture Exchange approval. Each Common Share Unit will consist of one common share and one-half common share purchase warrant with each whole warrant entitling the holder to acquire one additional common share at an exercise price of CAD 0.10 per common share for a period of 18 months from the date of issuance. Eligible finders will be entitled to a Finders’ Fees in connection with securities sold pursuant to the Offering of cash in an amount equal to 7% of the aggregate gross subscription proceeds received from the sale of securities; and Finders’ Warrants equal to 7% of the number of securities sold in the Offering, each such Finders’ Warrant exercisable at any time up to 18 months following its date of issuance to purchase one common share of the Company at an exercise price of CAD 0.12 per share. All Finders’ Fees will be subject to and in accordance with Exchange and regulatory policies. The initial closing of the Offering is expected to take place on or about December 20, 2024 or other dates as may be determined by the Company. The securities issued pursuant to the Offering will be subject to a four-month and one day statutory hold period. Certain insiders of the Company may participate in the Offering. Aankondiging • Nov 29
Zonte Metals Inc. Outlines a Large Drill Target at the K9 Anomaly, on its Cross Hills Copper Project Zonte Metals Inc. announced the advancement of the K9 target to drill stage. Highlights: Identification of a large gravity anomaly that is spatially associated with a magnetic anomaly, elevated copper-in- soils and rocks and is structurally controlled; The gravity anomaly measures 1250m by 875m and +750m depth. The K9 target area is one of 12 target zones within the Cross Hills Copper Project. Recent drilling success at the K6 target has provided important insights into the copper mineralizing system that led to this discovery. Leveraging the knowledge gained from K6, the Company is advancing several nearby large targets south of K6 including K6S-K7, K8, K9, and K10, to drill-ready status, pending supporting data. The K6 discovery represents an Iron Sulphide Copper (ISC) variant within the Iron Oxide Copper Gold (IOCG) system, which typically are smaller than traditional large tonnage IOCG deposits. The targets south of K6 are large-scale IOCG prospects, each exhibiting significant gravity and/or magnetic anomalies coincident with geochemical and geological datasets. The company has now completed and compiled all the geochemical and geophysical data through the K9 target area. The re-processing of the geophysical data has identified a large gravity anomaly which is spatially coincident with a magnetic anomaly, copper-in-soils and rocks, sitting in a fault structure, with mapped IOCG alteration. This anomaly now deemed a high-priority target, measures 1275 metres in length, 875 metres in width and extends to depths exceeding 750 metres. To the east, the anomaly extends beyond the limits various surveys and may be open in that direction. The K9 gravity anomaly sits about 75-100m below the surface and dips steeply to the east. In and around the anomaly, multiple copper showings and indications have been discovered in bedrock. Grab samples through the area range from anomalous to 1.76% Cu. Silver values in the grab samples range from trace up to 12 g/t with trace gold. Copper mineralization in the target area is composed of bornite, chalcocite and chalcopyrite. Surface alteration above the anomaly is strong, particularly in the area where the gravity anomaly is closest to the surface. Aankondiging • Oct 12
Zonte Metals Provides an Update on the K6 Drilling Program At Its Cross Hills Copper Project in Newfoundland and Labrador Zonte Metals provided an update on the K6 drilling program at its Cross Hills Copper Project in Newfoundland and Labrador. A total of five drill holes, totaling 1,491 meters, were completed in the summer 2024 drill program and are hereafter designated by the CH24-0X number series. The program was designed to test extensions along strike and at depth from the previous drilling conducted in late 2023, as well as to explore several untested data signatures. Mineralization remains open along strike to the northeast and at depth. To the northeast, drill hole CH23-01, drilled in late 2023, may have been collared too far south of the potential copper extension identified in CH24-01, possibly missing the target zone. It is currently unclear whether mineralization extends to the west, however, noted drill core alteration in holes CH24-04 and CH24-05 suggest further testing is needed, either stepping out to the north or at greater depth. Compared to results from the 2023 drill program, three significant changes in mineralization have been observed in the summer 2024 drill results: The copper mineralization is now predominantly very finely disseminated throughout the mineralized zones, as opposed to a mix of fracture-controlled and disseminated mineralization. The copper mineralization consists of a mix of chalcocite and bornite, whereas most of the 2023 drill holes contained mainly chalcocite. Mineralization is now observed in two adjacent units, as opposed to a single unit. Mineralization in CH24-01, intermittent in nature, was observed over 50m, between 193 to 243m. The single best mineralization interval, noted in the assay table shows 0.22% Cu over 11.5m, including 0.44% Cu over 3.5m. Mineralization in this drill hole exhibits similar characteristics noted for CH24-02 including increasing bornite with depth, increasing disseminated versus fracture-controlled mineralization and present in two units. The cross section also illustrates a possible increasing grade with depth, which will be tested in the upcoming drill program. New Risk • Sep 22
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$878k 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$878k free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 19% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€3.05m market cap, or US$3.40m). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding). Aankondiging • May 15
Zonte Metals Inc. announced that it has received CAD 0.3548 million in funding On May 14, 2024, Zonte Metals Inc closed the transaction. The company issued 1,080,000common shares units at an issue price of CAD 0.08 per share for the gross proceeds of CAD 86,400 and 2,982,220 flow-through units at an issue price of CAD 0.09 per unit for the gross proceeds of CAD 268,399.8; aggregate gross proceeds of CAD 354,799.8. Each Unit consists of one common share and one common share purchase warrant expiring May 3, 2026. In connection with securities sold pursuant to the Offering, the Company will pay CAD 24,672 in cash and issue 280,578 Finders’ Warrants to three Eligible Finders, all of whom are at arm’s length to the Company. An insider of the Company acquired 200,000 FT Units and 100,000 CS Units of the Offering for proceeds to the Company of CAD 26,000. Aankondiging • May 02
Zonte Metals Inc. announced that it expects to receive CAD 0.35 million in funding Zonte Metals Inc. announced a non-brokered private placement to issue 1,000,000 common shares units at an issue price of CAD 0.08 per share for the gross proceeds of CAD 80,000 and 9,000,000 flow-through units at an issue price of CAD 0.09 per unit for the gross proceeds of CAD 270,000; aggregate gross proceeds of CAD 350,000 on May 1, 2024. Each Unit will consist of one common share and one common share purchase warrant entitling the holder to acquire one additional common share for a period of 24 months from the date of issuance. The warrants accompanying the common share units will be exercisable at a price of CAD 0.11 and the warrants accompanying the flow-through units will be exercisable at a price of CAD 0.15. Eligible finders will be entitled to a Finders' Fees in connection with securities sold pursuant to the Offering of cash in an amount equal to 8% of the aggregate gross subscription proceeds received from the sale of securities; and Finders' Warrants equal to 8% of the number of securities sold in the Offering, each such Finders' Warrant exercisable at any time up to 18 months following its date of issuance to purchase one common share of the Company at an exercise price of CAD 0.18 per share. All Finders' Fees will be subject to and in accordance with Exchange and regulatory policies. The closing of the Offering is expected to take place on or about May 3, 2024 or such other date as may be determined by the Company. The securities issued pursuant to the Offering will be subject to a four-month and one day statutory hold period. Certain insiders of the Company may acquire Units in the Offering valued at up to CAD 26,000. The transaction is subject to TSX Venture Exchange approval. Aankondiging • Dec 22
Zonte Metals Inc. announced that it expects to receive CAD 0.30005 million in funding Zonte Metals Inc. announced a non-brokered private placement of 770,000 common shares at a price of CAD 0.065 and 3,125,000 flow through units at a price of CAD 0.08 per unit for the gross proceeds of CAD 300,050 on December 21, 2023. Each unit will consist of one common share and one share purchase warrant entitling the holder to acquire one additional common share at a price of CAD 0.14 for a period of 24 months from the date of issuance. The company may consider increasing the size of the offering depending on demand. Eligible finders will be entitled to a Finders’ Fees in connection with securities sold pursuant to the offering of (i) cash in an amount equal to 7% of the aggregate gross subscription proceeds received from the sale of securities; and (ii) Finders’ warrants equal to 7% of the number of securities sold in the offering, each such Finders’ Warrant exercisable at any time up to 18 months following its date of issuance to purchase one common share of the company at an exercise price of CAD 0.20 per share. The transaction is expected to close on or about December 27, 2023. Certain insiders of the company may acquire units in the Offering valued at up to CAD 20,000. New Risk • Dec 15
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$642k 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$642k free cash flow). Share price has been highly volatile over the past 3 months (43% average weekly change). Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€3.82m market cap, or US$4.16m). Minor Risk Shareholders have been diluted in the past year (17% increase in shares outstanding). Aankondiging • Nov 18
Zonte Metals Inc. Commences Drilling at the K6 Target on its Cross Hills Copper Project, in Newfoundland and Labrador Zonte Metals Inc. announced it has commenced drilling at the K6 target on its Cross Hill Copper Project, in Newfoundland and Labrador. Zonte acquired the Cross Hills Copper Project in late 2017 based on the strong hydrothermal system present within the project. Known copper mineralization at the time was limited to several copper showings. The Company's initial two years of exploration was focused on exploring and drilling geophysical highs. Copper was discovered throughout the drilling programs with some of the better drill intersected mineralization sitting peripheral to the geophysical anomalies. As an example, CH-19-04, intersected a number of isolated copper zones, including a narrow high-grade interval of 14% Cu over 0.43m, while other drill holes returned low grades of mixed disseminated sulphides containing copper and spaced fractured-controlled copper mineralization over long intervals. With the success of the initial drilling, which was based on limited exploration, the Company recognized a fertile copper system that required additional examination. The last three years of surface exploration have provided a comprehensive dataset that will be used to assist in testing the 11 known targets. The drilling will be targeting locations where multiple overlapping datasets indicate possible sites where copper mineralization might occur, with the K6 being the first target to be tested. Aankondiging • Oct 20
Zonte Metals Inc. Announces Recent Additional Soil Data Results from the K6 Target on Its Cross Hill Copper Project, in Newfoundland and Labrador Zonte Metals Inc. announced recent additional soil data results from the K6 target on its Cross Hill Copper Project, in Newfoundland and Labrador. Project wide, the Company has discovered 11 large targets. Exploration in 2023 has significantly advanced several targets, with only limited additional work needed to define drill locations for these targets. A multifaceted exploration program continues throughout the project, and additional results will be released once the data is in hand and interpreted within the broader context of comprehensive dataset. Board Change • Oct 16
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. No experienced directors. 3 highly experienced directors. Independent Director Norm Eyolfson was the last director to join the board, commencing their role in 2009. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Jan 25
Zonte Metals Inc. announced that it has received CAD 1.0818 million in funding On January 24, 2023, Zonte Metals Inc. closed the transaction. The company issued 3,093,000 common share units at a price of CAD 0.10 and 6,1800,000 flow through units at a price of CAD 0.125 for the gross proceeds of CAD 1,081,800. In connection with securities sold pursuant to the transaction, the company will paid finders’ fees of $47,400 in cash and will issue 384,000 Finders’ Warrants to Eligible Finders. Each Finders’ Warrant is exercisable until December 20, 2027, to purchase one common share at a price of CAD 0.20 per share, subject to Exchange Approval. All Finders’ Fees are subject to and in accordance with Exchange and regulatory policies and the securities issued pursuant to the transaction will be subject to a four-month and one day statutory hold period. Certain insiders of the Company acquired 1,638,000 Common Share Units at an issue price of CAD 0.10 for proceeds to the Company of CAD 163,800. Post completion of the transaction, the Company has 68,557,961 shares issued and outstanding. Board Change • Nov 16
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. No experienced directors. 3 highly experienced directors. Independent Director Norm Eyolfson was the last director to join the board, commencing their role in 2009. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
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. No experienced directors. 3 highly experienced directors. Independent Director Norm Eyolfson was the last director to join the board, commencing their role in 2009. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.