New Risk • 12h
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$917k 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$917k free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$11.9m market cap, or US$8.51m). Minor Risk Shareholders have been diluted in the past year (23% increase in shares outstanding). Announcement • Jul 14
Metals Creek Resources Corp Returns High-Grade Gold Mineralization With 115.51 G/T Gold Over 9.85 Meters Including 2050 G/T Gold Over 0.50 Meters At Ogden Gold Project In Timmins Ontario Metals Creek Resources Corp. returned high-grade gold assays for one diamond drill hole from the recently completed three-hole diamond drill program at the Ogden Gold Project located in Timmins, Ontario. The Ogden Gold Project is a 50/50 Joint Venture with Discovery Mining Ltd, with the Company serving as the operator. This program entailed 3 diamond drill holes totaling 1233 meters targeting the lower portion of a Thomas Ogden Zone (TOG) fold structure which has a shallow easterly plunge. TOG is host to gold bearing flat lying secondary structures within strongly altered conglomerates and felsites with pyrite. High-grade gold mineralization within TOG has a strong preferential association with the TOG fold axis. TOG-26-76 returned additional high-grade gold mineralization with a downhole intercept of 115.51 grams per tonne gold over 9.85m (296.95 - 306.80m) including 3.10m (301.85 - 304.95m) of 356.85 g/t Au and also including 0.50m (304.45- 304.95m) of 2050 g/t Au, with very strong visible gold. This hole was engineered to follow-up on a previously released hole TOG-22-73 which returned a downhole intercept of 4.24 g/t gold over 5.61m within altered conglomerate and felsite units with strong albitization, silicification and quartz veining. TOG-22-73 is located 75m vertically below TOG-26-76. Hole TOG-26-76 encountered highly silicified felsite with associated quartz flooding, veining and disseminated pyrite. All primary features have been obliterated due to the intense alteration and associated overprinting from quartz flooding. Visible Gold is present within quartz rich areas as well as along cross cutting healed fractures with associated fuchsite. Higher grade gold mineralization has a strong spacial association within TOG folds with strong to intense folding, the emplacement of quartz veining as well as significantly stronger hydrothermal alteration. Hole TOG-22-73 is also proximal to the fold hinge with high-grade mineralization as well. Management is highly encouraged with the assay results to date, especially with hole TOG-26-76 returning multiple occurrences of VG and very high-grade gold assays within strongly altered felsite and conglomerate. This hole returned the second highest grade intercept to date on the Ogden Project with hole TOG-13-25 returning the highest. Hole TOG-13-25 retuned an intercept of 210.19 g/t Au over 12.53m and is located 325m west of TOG-26-76 along the TOG fold structure. The high grade nature of hole TOG-26-76 with strong visible gold content demonstrates the strong nugget effect within TOG, thus requiring a systematic approach for drilling on the TOG fold hinge. Samples#Meters FromMeters ToTotal MetersAu g/t TOG-26-76-078296.95297.350.407.41VG TOG-26-76-079297.35297.950.607.33 TOG-26-76-080297.95298.951.008.03 TOG-26-76-081298.95300.001.050.09 TOG-26-76-082300.00300.450.458.56 TOG-26-76-084300.45301.100.650.87 TOG-26-76-085301.10301.850.755.66 TOG-26-76-086301.85302.350.5031.00VG TOG-26-76-088302.35303.401.0533.60 TOG-26-76-089303.40304.451.0529.00VG TOG-26-76-090304.45304.950.502050.00VG TOG-26-76-092304.95305.450.504.07 TOG-26-76-093305.45305.950.502.01 TOG-26-76-094305.95306.800.855.18 Assay results for the final remaining hole will be released as they are received and compiled. Please see spread sheet below highlighting drill hole locations of three holes from this most recent program. HOLE-ID Easting Northing Elevation Azimuth Dip Length TOG-26-75 471711.00 5362596.00 284.00 18.82 -57.93 390 TOG-26-76 471711.30 5362596.20 284.00 22.50 -53.57 423 TOG-26-77 471711.30 5362596.00 284.00 20.49 -67.00 420 Core size in this program is NQ. Samples are cut in half, with half the sample being securely bagged and delivered to the lab for analysis, with the other half retained as a record. All split core samples were sent to Activation Laboratories located in Thunder Bay, Ontario. The precious metals were analyzed utilizing a standard fire assay with an atomic absorption finish. As part of the Corporations QAQC protocol, approximately 10% of the samples submitted for assay were also sent for check assays. Standards and blanks were inserted randomly into the sample shipments as part of the sampling protocol. Samples with fire assay results above 1.0 g/t gold are re-analyzed using a gravimetric finish and samples with fire assay results above 5.0 g/t gold or samples showing visible gold are analyzed using the pulp metallic method. Announcement • Jul 01
Metals Creek Resources Corp. announced that it expects to receive CAD 1 million in funding Metals Creek Resources Corp announced a non-brokered private placement to issue 9,090,909 flow-through units at an issue price of CAD 0.055 for the proceeds of CAD 499,999.995 and 10,000,000 non-flow through units at an issue price of CAD 0.05 for the proceeds of CAD 500,000 on June 30, 2026. Each FT Unit will consist of one flow-through common share (the "FT Shares") and one-half of a non-flow through common share purchase warrant (the "FT Warrants"). Each whole FT Warrant will entitle the holder to purchase one additional non-flow through common share of the Company at an exercise price of CAD 0.10 per common share for a period of 24 months from the date of issue. Each NFT Unit will consist of one non-flow through common share and one non-flow through common share purchase warrant (the "NFT Warrants").Each NFT Warrant will entitle the holder to purchase one additional non-flow through common share of the Company at an exercise price of CAD 0.10 per common share for a period of 24 months from the date of issue. In connection with the Private Placement, the Company may pay finders' fees in cash or securities or a combination of both, as permitted by the policies of the TSX Venture Exchange. All securities issued pursuant to the Private Placement will be subject to a four-month hold period. The Private Placement is subject to approval by the TSX Venture Exchange. The Private Placement is expected to close on or before July 31, 2026. 
