New Risk • May 01
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$3.0m 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$3.0m free cash flow). Earnings have declined by 4.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (301% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.43m market cap, or US$2.53m). Announcement • Dec 19
iMetal Resources Inc. announced that it has received CAD 0.540901 million in funding On December 18, 2025, iMetal Resources Inc. closed the transaction. The company issued 4,160,777 flow-through units at an issue price of CAD 0.13 for gross proceeds of CAD 540,901.01. Each warrant entitles the holder to purchase an additional common share of the company at a price of CAD 0.20 until December 17, 2027. In connection with closing, the company paid CAD 37,898 and issued 291,523 share purchase warrants to certain arms-length parties who assisted in introducing subscribers to the offering. Each finders' warrant is exercisable to acquire a common share of the company until December 17, 2027, with 134,615 of the finders' warrants exercisable at a price of CAD 0.13 and 156,908 exercisable at a price of CAD 0.20. All securities issued in connection with the offering are subject to restrictions on resale until April 18, 2026 in accordance with applicable securities laws. Announcement • Dec 09
iMetal Resources Inc. announced that it expects to receive CAD 0.52 million in funding iMetal Resources Inc announced a non-brokered private placement to issue 4,000,000 flow-through units at an issue price of CAD 0.13 for the proceeds of CAD 520,000 on December 8, 2025. Each FT Unit will consist of one common share of the Company, issued as a flow-through share and one-half-of-one share purchase warrant. Each Warrant will entitle the holder to purchase an additional common share of the Company at a price of CAD 0.20 for a period of twenty-four months. The Company may pay finders' fees to eligible parties who have assisted in introducing subscribers to the Offering. All securities issued in connection with the Offering will be subject to restrictions on resale for a period of four-months-and-one-day in accordance with applicable securities laws. Completion of the Offering remains subject to receipt of regulatory approval. Announcement • Nov 28
iMetal Resources Inc. Completes 2025 Drilling At Gowganda West Project iMetal Resources Inc. has completed 2025 Phase I drilling at the Company's Gowganda West ("GW") project. Core logging and sampling is in progress and samples will be sent to the ALS Minerals laboratory in Val D'or, Quebec. The drill program focused in the area of IMGW23-04, at the location of the spring 2023 discovery hole of 48.5m of 0.85 g/t Au starting at 316.5m. Highlights: A total of 2,640 metres were completed in 6 holes to expand the mineralized footprint of IMGW23-04 along strike and up and down dip. The original plan to drill 2,500 metres was expanded to 2,640 metres based on recommendations of the onsite geological team. McFarlane Lake Mining Limited, contiguous to the northwest has identifed a parallel zone to it's Juby Zone within the regional Ridout-Tyrrell Deformation Zone, the 826 Zone, which appears to trend into the area of the 2025 drilling. The drilling intersected the targeted host rocks that exhibited alteration patterns and mineralization similar to that which was intersected in the 2023 drill program. The dominant lithology intersected was polymictic conglomerate of Indin Lake Group previously intersected in IMGW23-04, as well as local mafic and felsic dykes. Zones of moderate to pervasive hematization /potassic alteration, sericitization and silicification were noted in the drill holes. Mineralization included disseminated and clast-replacement controlled pyrite, while a few holes also intersected local chalcopyrite vein fractures or plurimillimetric clusters. Core logging is wrapping up and core saw sampling is well underway. Samples will be sent to the lab as each hole is completed. The Gowganda West property hosts a large package of gold prospective Timiskaming metasediments, approximately 7 km in strike and up to 5 km in width, that hosts all the gold mineralization thus far discovered on the property. Successive drill programs advancing to the southwest continued to intersect increasing alteration and gold values in suspected NW trending zones and lead directly to the IMGW23-04 discovery hole. The 48.5m gold interval is characterized by a coarse-grained to boulder-sized conglomerate, with moderate to pervasive silica alteration associated with a large intermediate-mafic dyke. Ther 2022 and 2023 drill programs appear to suggest a strong correlation between the intensity of the silica alteration and increased gold grades. Gowganda West is an exploration-stage gold project about 100 km south-southeast of Timmins, Ontario; contiguous to McFarlane Lake Mining's Juby Deposits Project in the Shining Tree Camp of the southern part of the Abitibi Greenstone Gold Belt; and also contiguous to the Knight project that is part of the Strategic Partnership between Orecap Invest Corp. and Agnico Eagle Mines Ltd. iMetal's fall 2022 and spring 2023 drill program were successful in intersecting new gold trends in the SW section of the property. Announcement • Sep 04
iMetal Resources Inc. announced that it has received CAD 1.125705 million in funding iMetal Resources Inc has announced a non-brokered private placement on September 4, 2025 and has issued 10,720,999 units at a price of CAD 0.105 per Unit for gross proceeds of CAD 1,125,705. The Company intends to use the net proceeds of the Offering towards further exploration of the Company's properties and potential new acquisitions, as well as for general working capital. Announcement • Jul 01
iMetal Resources Inc. announced that it expects to receive CAD 5 million in funding iMetal Resources Inc. announced a non-brokered private placement of up to 50,000,000 units at a price of CAD 0.10 per unit for gross proceeds of up to CAD 5,000,000 on June 30, 2025. Each unit will consist of one common share and one transferable share purchase warrant. Each warrant entitles the holder thereof to purchase one additional share at a price of CAD 0.20 for a period of 24 months. In connection with the offering, the company may be finders' fees to eligible third parties who have assisted in introducing subscribers. The completion of the offering remains subject to the receipt of all necessary regulatory approvals and the acceptance of the TSX-V. All securities issued under the offering will be subject to a statutory hold period of four months and one day from the date of issue, in accordance with applicable Canadian securities laws. Announcement • Jun 04
iMetal Resources Inc., Annual General Meeting, Aug 07, 2025 iMetal Resources Inc., Annual General Meeting, Aug 07, 2025. Location: british columbia, vancouver Canada Board Change • Mar 31
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Member of Advisory Board Council Rob Scott was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Feb 12
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 80% 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$394k free cash flow). Shares are highly illiquid. Earnings have declined by 21% per year over the past 5 years. Shareholders have been substantially diluted in the past year (80% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.22m market cap, or US$1.55m). New Risk • Feb 02
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 80% 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$394k free cash flow). Shares are highly illiquid. Earnings have declined by 21% per year over the past 5 years. Shareholders have been substantially diluted in the past year (80% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.12m market cap, or US$1.46m). New Risk • Jan 27
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$394k 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$394k free cash flow). Shares are highly illiquid. Earnings have declined by 21% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.15m market cap, or US$801.3k). Board Change • Jan 22
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Member of Advisory Board Council Rob Scott was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 26
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Member of Advisory Board Council Rob Scott was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 05
iMetal Resources Inc. announced that it expects to receive CAD 1.5 million in funding iMetal Resources Inc. announced a non-brokered private placement that it will issue up to 10,000,000 Units at an issue price of CAD 0.15 per unit for the gross proceeds of up to CAD 1,500,000 on November 4, 2024. Each Unit will consist of one common share in the capital of the Company and one transferable share purchase warrant of the Company. Each Warrant will entitle the holder thereof to purchase one additional Share of the Company at a price of CAD 0.20 for a period of two years from the date of closing of the Offering. All securities issued under the Offering will be subject to a hold period which will expire on the date that is four months and one day from the date of issue. Finder's fees may be paid on the Offering pursuant to the policies of the TSX Venture Exchange. The issuance of the securities, and the payment of any finder's fees are subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSXV. New Risk • Apr 25
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$3.3m 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$3.3m free cash flow). Share price has been highly volatile over the past 3 months (56% average weekly change). Earnings have declined by 26% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.82m market cap, or US$1.33m). Minor Risk Shareholders have been diluted in the past year (12% increase in shares outstanding). New Risk • Feb 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 23% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.40m market cap, or US$1.04m). Minor Risk Shareholders have been diluted in the past year (40% increase in shares outstanding). Announcement • Feb 01
iMetal Resources Inc. Announces Completion of Phase 2 Drilling at Carheil Graphite Project iMetal Resources Inc. announced completion of drilling at the Company's Carheil project, which lies in the Northern Abitibi Greenstone Belt in Québec. This Phase was completed on January 25, 2023 and included 4 holes for 1,100 metres and this was a follow up to Phase 1 drilling from Spring 2023. The Company engaged DIAFOR Inc. of Malartic, Québec for this phase of Carheil drilling. DIAFOR executed the program efficiently and safely and the Company is very pleased to continue that relationship. The program targeted the three previously encountered graphite horizons, focusing on defining the extent of the graphite along strike and down dip. A regional structure was also tested in order to probe the property for further mineral potential. Observed graphite horizons and structures in the core matched or exceeded expectations geologically. Samples are being submitted to ALS Geochemistry in Rouyn-Noranda for assaying and results will be released when available. Carheil is an exploration-stage project with multi-metal potential and previous graphite results. The project is about 170 km north of Rouyn-Noranda in the Northern Abitibi Greenstone Belt. The project is under 20 km distance to the west from the past-producing Selbaie Copper-Zinc- Silver-Gold mine (1.1 billion lbs Cu, 2.4 billion lbs Zn, 71 million oz Ag, 1 million oz Au produced from 1981-2004), under 20 km distance to the north from Hecla's Casa Berardi Mine (127.5 Koz Au and 28.2 Koz Ag produced in 2022), and under 40 km to the southeast from Agnico Eagle's Detour Lake mine (713 Koz Au produced in 2021). Directly bordering the property to the north is Midland Exploration/Probe Metals' La Peltrie project, which recently intersected a 345.5 m of Cu-Mo-Au-Ag mineralization grading 0.21 CuEq. iMetal cautions QA/QC control procedures included the systematic insertion of certified blanks, and two different graphite certified reference materials (CRM) at regular intervals (one QAQC sample for every 20 core samples) into the sampling stream. Geochemistry analyses consisted of Graphitic carbon by IR Spectroscopy (C-IR18), which uses an HCl leach to remove carbonates and roasting to remove organic carbon in order to only identify carbon in graphitic form in the samples. Select samples were checked for gold by fire assay and atomic absorption spectrometry (Au-AA26) with overlimit values subsequently analyzed using the gravimetric finish (Au- GRA22) technique. Additionally, select samples were assayed for multi-element potential using four acid digestion with an inductively coupled plasma mass spectrometry finish (ME-MS61). The scientific and technical information contained in this news release has been reviewed and approved by Scott Zelligan, P. Geo (Ontario), VP Exploration of iMetal and a qualified person as defined in National Instrument 43-101. Announcement • Jan 11
iMetal Resources Inc. Commences Phase 2 Graphite Drilling At the Carheil Project in Quebec iMetal Resources Inc. announces commencement of drilling at the Company's Carheil project, which lies in the Northern Abitibi Greenstone Belt in Québec. This Phase will follow up on the excellent Phase I results from spring 2023. The Company has re-engaged DIAFOR Inc., of Malartic, Québec for this phase of drilling at the Carheil project. DIAFOR has already established winter access and drilling began on the first planned hole for phase 2 as of January 10th, 2024. The program is targeting the three previously encountered graphite horizons, focusing on defining the extent of the graphite along strike and down dip. Regional structures will also be tested in order to probe the property for any additional mineral potential. Phase I 2023 drilling encountered a graphite-bearing sedimentary unit occurring between volcanic units. The sedimentary unit hosts several multi-meter graphite-rich horizons: previously reported results (drill length not true width) from these horizons are highlighted below (Cg = Graphitic Carbon): Hole CA-23-01: 3.90 m at 7.08% Cg, from 151.1 metres, including 11.5% Cg over 1.9 m (ZONE A), and 8.45 m at 2.53% Cg, from 237.6 m, including 7.05% Cg over 1.5 m (ZONE C). Hole CA-23-02: 4.65 m at 5.11% Cg, from 138.8 m, including 12.9% Cg over 1.2 m (ZONE A), and 10.55 m at 2.89% Cg, from 196.5 m (ZONE B), and 5.30 m at 4.25% Cg, from 242.9 m, including 7.90% Cg over 1.2 m (ZONE C). Hole CA-23-03: 4.90 m at 1.93% Cg, from 156.1 m (ZONE A), and 4.70 m at 2.76% Cg, from 263.3 m, including 4.70% Cg over 2.1 m (ZONE C). Carheil is an exploration-stage project with multi-metal potential and previous graphite results. The project is about 170 km north of Rouyn-Noranda in the Northern Abitibi Greenstone Belt. The project is under 20 km to the west from the past-producing Selbaie Copper-Zinc-Silver-Gold mine (1.1 billion lbs Cu, 2.4 billion lbs Zn, 71 million oz Ag, 1 million oz Au produced from 1981-2004 i), under 20 km to the north from Hecla's Casa Berardi Mine (127.5 Koz Au and 28.2 Koz Ag produced in 2022 ii), and under 40 km to the southeast from Agnico Eagle's Detour Lake mine (713 Koz Au produced in 2021 iii). Directly bordering the property to the north is Midland Exploration/Probe Metals' La Peltrie project, which recently intersected a 345.5 m of Cu-Mo-Au-Ag mineralization grading 0.21 CuEq iv. iMetal cautions investors the presence of mineralization at Selbaie, Casa Berardi, and Detour Lake is not necessarily indicative of similar mineralization on the Carheil property. New Risk • Dec 17
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% 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 (24% average weekly change). Earnings have declined by 22% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.65m market cap, or US$2.72m). Announcement • Dec 14
iMetal Resources Inc. announced that it has received CAD 0.364 million in funding iMetal Resources Inc. announces it has completed a non-brokered private placement of 5,200,000 flow-through common shares at an issue price of CAD 0.07 per FT share for gross proceeds of CAD 364,000 on December 14, 2023. All securities issued in connection with the Offering are subject to restrictions on resale until March 14, 2024 in accordance with applicable securities laws. The company has paid Finder's fees CAD 25,480 and issued 364,000 share purchase warrants (each, a "Finders' Warrant") to an arms-length third-party who assisted in introducing the subscriber to the Offering. Each Finders' Warrant is exercisable to acquire a common share of the Company at a price of CAD 0.07 until December 13, 2025. Announcement • Nov 17
Imetal Resources Inc. Receives Mag Survey Results for Pigeon Lake iMetal Resources Inc. received results from a recent Airborne Magnetic survey at the Company's Pigeon Lake block, lying to the northwest of the Gowganda West project, which is located within the prolific Abitibi Greenstone Gold Belt. The aeromag results outlined the magnetic structure of the area and provided the company with important information regarding geological areas requiring further examination, including a large alteration zone. Waring Minerals Inc. completed the drone magnetics survey and GeoFizX Geophysical Consulting completed the interpretation. The survey was completed in two days and a total of 42.326 line-kms. Nominal spacing was 45 m over the survey area. Results were deemed of high quality and greatly improved resolution over previous government surveys of the area. Products included the high-resolution magnetics map with numerous advanced processing variations, a 3D inversion for drill targeting, and a new geology interpretation to base further exploration on. Gowganda Westis an exploration-stage gold project about 100 km south-southeast of Timmins, Ontario; contiguous to Aris Mining's Juby Project in the Shining Tree Camp of the southern part of the Abitibi Greenstone Gold belt; and also contiguous to the Knight project that is part of the Strategic Partnership between Orecap Invest Corp. and Agnico Eagle Mines Ltd. iMetal recently completed a 2,611 m drilling program in the fall of 2022 which intersected a new gold trend and resulted in the company announcing it's first 'Discovery Hole'. The Property also has multiple-ounce grab samples from trends that have yet to be drill tested. iMetal cautions that grab samples are select samples and not necessarily indicative of similar mineralization on the Property. The scientific and technical information contained in this news release has been reviewed and approved by Scott Zelligan, P. Geo (Ontario), VP Exploration of iMetal and a qualified person as defined in National Instrument 43-101. Announcement • Nov 10
iMetal Resources Inc. Receives Encouraging Mag Survey Results for Pear Lake iMetal Resources Inc. has received results from a recent Airborne Magnetic survey at the Company's Pear Lake block, lying at the northwest end of the Gowganda West project, which lies within the prolific Abitibi Greenstone Gold Belt. The aeromag results outline two gold target areas that form part of an interpreted fault/dyke system, which is highly prospective for gold in this area. Waring Minerals Inc. completed the drone magnetics survey and GeoFizX Geophysical Consulting completed the interpretation. The survey was completed in one day and consisted of two flights for a total of 13.887 line-kms. Nominal spacing was 40 m over the survey area. Results were deemed of high quality and greatly improved resolution over previous government surveys of the area. Products included the high-resolution magnetics map with numerous advanced processing variations, a 3D inversion for drill targeting, and a new geology interpretation to base further exploration on. Gowganda West is an exploration-stage gold project about 100 km south-southeast of Timmins, Ontario; contiguous to Aris Mining's Juby Project in the Shining Tree Camp of the southern part of the Abitibi Greenstone Gold Belt; and also contiguous to the Knight project that is part of the Strategic Partnership between Orecap Invest Corp. and Agnico Eagle Mines Ltd. iMetal recently completed a 2,611 m drilling program in the fall of 2022 which intersected a new gold trend and resulted in the company announcing it's first ‘Discovery Hole'. The Property also has multiple-ounce grab samples from trends that have yet to be drill tested. iMetal cautions that grab samples are select samples and not necessarily indicative of similar mineralization on the Property. The scientific and technical information contained in this news release has been reviewed and approved by Scott Zelligan, P. Geo (Ontario), VP Exploration of iMetal and a qualified person as defined in National Instrument 43-101. Announcement • Oct 29
iMetal Resources Inc. Discovers New Gold Showing at Gowganda West iMetal Resources Inc. reported the discovery of a new gold showing at the Company's Gowganda West project, which lies within the prolific Abitibi Greenstone Gold Belt. Sampling of outcrops located during the recently announced Digitally Enhanced Prospecting (DEP) has returned 5.58 g/t gold from an outcrop chip sample, among numerous anomalous gold hits. The Company is continuing to review the first batches of results from DEP-aided sampling returned from ALS Laboratories in Sudbury. The sample was reviewed by the Company's VP of Exploration, Scott Zelligan, both in specimen before submittal and in the field upon receipt of the positive result. Waring Minerals Inc. has been engaged to perform DEP programs at Gowganda West. UAV LiDAR was flown in order to locate outcrops on the property for the purposes of sampling and mapping. The DEP results will be combined with previous IP, VTEM, and drilling results to guide the next stage of exploration which will include follow-up drilling programs. Surface samples have been reviewed by company geologists and select samples have been submitted to ALS Laboratories in Sudbury for analysis. Gowganda West is an exploration-stage gold project about 100 km south-southeast of Timmins, Ontario; contiguous to Aris Mining's Juby Project in the Shining Tree Camp of the southern part of the Abitibi Greenstone Gold belt; and also contiguous to the Knight project that is part of the Strategic Partnership between Orecap Invest Corp. and Agnico Eagle Mines Ltd. iMetal recently completed a 2,611 m drilling program in the fall of 2022 which intersected a new gold trend and resulted in the company announcing it's first 'Discovery Hole'. The Property also has multiple-ounce grab samples from trends that have yet to be drill tested. iMetal cautions that grab samples are select samples and not necessarily indicative of similar mineralization on the Property. Announcement • Oct 20
iMetal Resources Inc. Completes Digitally- Enhanced Prospecting and New Interpretation At the Kerrs Gold Project iMetal Resources Inc. announced completion of both a digitally-enhanced prospecting (DEP) and a data reprocessing and remodeling program at the Company's Kerrs Gold project, which lies within the prolific Abitibi Greenstone Gold Belt 90 kilometres east-northeast of Timmins, Ontario. These programs were designed to generate new and more precise targets for upcoming drilling programs. The Kerrs Gold historical resources estimate was disclosed in "NI 43-101 Resource Estimation on the Kerrs Gold Deposit, Matheson, Ontario" prepared for Sheltered Oak Resources Inc. by Garth Kirkham, P. Geo of Kirkham Geosystems Ltd., and dated June 10, 2011. A minimum of two composites were used for each block and a maximum of two composites were used per drill hole; a maximum of 12 composites were used per hole. A cutting factor was applied for gold with outlier composites limited to 10 g/t Au based on cumulative frequency plots. A zero-cut-off grade was used for the manual polygonal method. Minesight Software was used to perform the block modeling and estimations. The Kerrs historic estimate is an inferred resource as defined in National Instrument 43-101. The Company is not aware of any more recent resource estimates, though there was further drilling completed after the historic estimate was released. The Company will need to review the historical drilling and analyses and will need to two a number of the historic holes to bring the historic estimate current. The Company's Qualified Person has not done sufficient work to classify the historic estimate as a current mineral resource. iMetal is not treating the historical estimate as a current mineral resource; The DEP was completed by Waring Minerals Inc. UAV LiDAR was flown in order to locate outcrops on the property for the purposes of sampling and mapping. The DEP results will be combined with previous IP, VTEM, and drilling results to guide the next stage of exploration which will include follow-up drilling programs. Surface samples have been reviewed by company geologists and select samples have been submitted to ALS Laboratories in Sudbury for analysis. The Company performed an internal audit of all historical data for Kerrs and subsequently created a new interpretation of the gold-hosting zones to generate new drill targets. The re-interpretation discovered several areas indicating up-dip potential from the historic resource zones. There are also previously untested geophysical anomalies that represent possible parallel structures to the known mineralized zones. In addition, the Company believes previously identified basal till anomalies have never been properly explained by the existing discoveries. The scientific and technical information contained in this news release has been reviewed and approved by Scott Zelligan, P. Geo (Ontario), VP Exploration of iMetal and a qualified person as defined in National Instrument 43 - 43-101. Announcement • Oct 13
iMetal Resources Inc. Accepts Resignation of Robert Coltura from the Board of Directors iMetal Resources Inc. has accepted the resignation of Robert Coltura from the board of directors. Announcement • Oct 11
iMetal Resources Announces the Submission of Graphite Samples for Petrographic Analysis from the Carheil Project iMetal Resources Inc. announces the submission of graphite samples for petrographic analysis from the Company's Carheil project, which lies in the Northern Abitibi Greenstone Belt in Québec. Samples were sourced from each of the multiple graphite horizons intersected during the Phase I 2023, three-hole, 1053 metre program, to characterize the graphite flake size. Phase I 2023 drilling encountered a graphite-bearing sedimentary unit occurring between volcanic units. The sedimentary unit hosts several multi-meter graphite-rich horizons: previously reported results (drill length not true width) from these horizons are highlighted below (Cg = Graphitic Carbon): Hole CA-23-01: 3.90 m at 7.08% Cg, from 151.1 metres, including 11.5% Cg over 1.9 m (ZONE A); and 8.45 m at 2.53% Cg, from 237.6 m, including 7.05% Cg over 1.5 m (ZONE C). Hole CA-23-02: 4.65 m at 5.11% Cg, from 138.8 m, including 12.9% Cg over 1.2 m (ZONE A); and 10.55 m at 2.89% Cg, from 196.5 m (ZONE B); and 5.30 m at 4.25% Cg, from 242.9 m, including 7.90% Cg over 1.2 m (ZONE C). Hole CA-23-03: 4.90 m at 1.93% Cg, from 156.1 m (ZONE A); and 4.70 m at 2.76% Cg, from 263.3 m, including 4.70% Cg over 2.1 m (ZONE C). Phase I 2023 samples have been submitted to AGAT Laboratories in Calgary for Petrographic Analysis,which includes detailed thin section petrography, including: petrographic imaging and analysis of graphite and gangue phases, graphite flake size analysis, interpretation, and discussion. Carheil is an exploration-stage project with historic graphite intersections as well as multi-metal potential,lying about 170 km north of Rouyn-Noranda in the Northern Abitibi Greenstone Belt. Carheil sits less than 20 km west of the past-producing Selbaie Copper-Zinc-Silver-Gold mine (1.1 billion lbs Cu, 2.4 billion lbs Zn, 71 million oz Ag, 1 million oz Au produced from 1981-2004), less than 20 km north ofHecla's Casa Berardi Mine (127.5 Koz Au and 28.2 Koz Ag produced in 2022), and less than 40 km southeast of Agnico Eagle's Detour Lake mine (713 Koz Au produced in 2021). Directly bordering the property to the north is Midland Exploration/Probe Metals' La Peltrie project, which recently intersected a 345.5 m of Cu-Mo-Au-Ag mineralization grading 0.21 CuEq. iMetal cautions investors that the presence of mineralization at Selbaie, Casa Berardi, and Detour Lake is not necessarily indicative of similar mineralization on the Carheil property. QA/QC control procedures for the spring 2023 drilling program included the systematic insertion of certified blanks, and two different graphite certified reference materials (CRM) at regular intervals (one QAQC sample for every 20 core samples) into the sampling stream. Geochemistry analyses consisted of Graphitic carbon by IR Spectroscopy (C-IR18), which uses an HCl leach to remove carbonates and roasting to remove organic carbon in order to only identify carbon in graphitic form in the samples. Select samples were checked for gold by fire assay and atomic absorption spectrometry (Au-AA26) with overlimit values subsequently analyzed using the gravimetric finish (Au-GRA22) technique. The scientific and technical information contained in this news release has been reviewed and approved by Scott Zelligan, P. Geo (Ontario), VP Exploration of iMetal and a qualified person as defined in National Instrument 43-101. Announcement • Oct 07
iMetal Resources Inc., Annual General Meeting, Dec 20, 2023 iMetal Resources Inc., Annual General Meeting, Dec 20, 2023. Announcement • Sep 27
iMetal Resources Completes Digitally Enhanced Prospecting Survey on Its Gowganda West Project iMetal Resources Inc. announce completion of Phase 1 of a Digitally Enhanced Prospecting (DEP) survey at the Company's Gowganda West project, which lies within the prolific Abitibi Greenstone Gold Belt. This survey covered three areas: the area of current exploration focus south of Aris Mining's Juby Project (Zone 1 to Zone 3), and the satellite areas of Pear Lake and Pigeon Lake. Waring Minerals Inc. completed the DEP programs at Gowganda West. UAV LiDAR was flown in order to locate outcrops on the property for the purposes of sampling and mapping. The DEP results will be combined with previous IP, VTEM, and drilling results to guide the next stage of exploration which will include follow-up drilling programs. Surface samples have been reviewed by company geologists and select samples have been submitted to ALS Laboratories in Sudbury for analysis. In addition to DEP, drone magnetics were flown at Gowganda West satellite properties Pear Lake and Pigeon Lake. These surveys are currently being interpreted and results will be released upon receipt of the final interpretation report. Gowganda West is an exploration-stage gold project about 100 km south-southeast of Timmins, Ontario; contiguous to Aris Mining's Juby Project in the Shining Tree Camp of the southern part of the Abitibi Greenstone Gold Belt; and also contiguous to the Knight project that is part of the Strategic Partnership between Orefinders Resources Inc. and Agnico Eagle Mines Ltd. iMetal recently completed a 2,611 m drilling program in the fall of 2022 which intersected a new gold trend and resulted in the company announcing it's first ‘Discovery Hole' (See NR dated June 6 th, 2023). The Property also has multiple-ounce grab samples from trends that have yet to be drill tested. The scientific and technical information contained in this news release has been reviewed and approved by Scott Zelligan, P. Geo (Ontario), VP Exploration of iMetal and a qualified person as defined in National Instrument 43-101. Announcement • Aug 02
iMetal Resources Inc. Announces the Resignation of Robert Coltura from the Board of Directors iMetal Resources Inc. has accepted the resignation of Robert Coltura from the board of directors. Announcement • Jul 06
iMetal Resources Inc. Announces Demise of Eduardo Eddy Yu, CFO iMetal Resources Inc. reported the sudden and unexpected passing of young and talented CFO, Eduardo ‘Eddy' Yu. As Mr. Yu's untimely passing just occurred within the last few days, the Company will expect to issue a further update regarding the now vacant role of CFO. Announcement • Jun 07
iMETAL Makes New Gold Discovery at Gowganda West iMetal Resources Inc. announced results from phase 1 of its 2023 drilling at the Company's Gowganda West project. Drilling included seven holes totaling 2,490m. All seven holes intersected gold mineralization. Highlights include: 48.5m of 0.85 g/t Au starting at 316.5m; Including 20m of 1.56 g/t Au, which includes 8.0m of 2.97 g/t Au; Intersection is 350m west of previously known mineralization. The results in IMGW-23-04 indicate the whole package of sediments is prospective for gold, and so future work programs will focus not only on drilling off the new discovery, but in further investigating the full rock package. The interval in IMGW-23- April and three intervals with asterisk's above in Table 1 are characterized by a coarse-grained to boulder-sized conglomerate, with moderate to pervasive silica alteration associated with a large intermediate-mafic dyke. The strongest silica alteration is associated with the highest-grade interval shown in Photo 1.5m. Including 20m of 1. 56 g/t Au, which including 8.0m of2.97 g/t Au and Intersection is 350m west the previously known mineralization. Announcement • Jun 01
iMetal Resources Inc. Discovers New Parallel Graphite Zones At Carheil Project in Quebec iMetal Resources Inc. announced the receipt of assay results from drilling at the Company's Carheil Project, which lies in the Northern Abitibi Greenstone Belt in Quebec. Each of the three holes (totaling 1,053 metres) hit multiple horizons of graphitic sediments as highlighted below: Hole CA-23-01; 3.90 m at 7.08% Cg, from 151.1 metres, including 11.5% Cg over 1.9 m (ZONE A); 8.45 m at 2.53% Cg, from 237.6 m, including 7.05% Cg over 1.5 m (ZONE C); Hole CA-23-02; 4.65 m at 5.11% Cg, from 138.8 m, including 12.9% Cg over 1.2 m (ZONE A); 10.55 m at 2.89% Cg, from 196.5 m (ZONE B); 5.30 m at 4.25% Cg, from 242.9 m, including 7.90% Cg over 1. 2 m (ZONE C). Hole CA-23-03; 4.90 m at 1.93% Cg, from 156.1 m (ZONE A); 4.70 m at 2.76% Cg, from 263.3 m, including 4.70% Cg over 2.1 m (ZONE C). Drilling encountered a graphite-bearing sedimentary unit sandwiched between volcanic units. This sedimentary unit contained several multi-meter graphite-rich horizons, one on the hanging-wall contact (ZONE A), one on the footwall contact (ZONE C), and at times an interior horizon (ZONE B). ZONE A corresponds with graphite results from the 2016 drilling program on the property, while ZONE B and ZONE C have not been previously assayed. Graphite horizons have thus far been delineated over 50-100m of strike and 50-100m of down-dip extent and remain open in all directions. The next phase of drilling should aim to expand the strike extent and follow the horizons closer to surface. Carheil is an exploration-stage project with multi-metal potential and previous graphite results. The Project is about 170 km north of Rouyn-Noranda in the Northern AbitibiGreenstone Belt. The Project is under 20 km distance to the west from the past-producing Selbaie Copper-Zinc-Silver-Gold mine (1.1 billion lbs Cu, 2.4 billion lbs Zn, 71 million oz Ag, 1 million oz Au produced from 1981-2004), under 20 km distance to the north from Hecla'sCasa Berardi Mine. Announcement • Feb 17
Imetal Resources, Inc. Announces Receipt of Final Results and Interpretation of A Drone Magnetics Survey At Its 565-Hectare Shining Tree Block iMetal Resources Inc. announced receipt of final results and interpretation of a drone magnetics survey at its 565-hectare Shining Tree block, 3.75 kilometres west of iMetal's Gowganda West property. The survey was completed in October and November 2022. Results of the survey have identified four priority target areas for gold exploration. The key target area is Target 2, interpreted to be a structurally controlled potential0 intrusive (metavolcanic) complex, offset by NNW faults and possibly controlled by NNE family of faults. The interpretation of the results included a geophysical interpretation of the bedrock and the 3D inversions. The survey included a total of 224-line kms of data. A thorough Quality Control process was performed, and then the following advanced processing was applied to the data: Total Magnetic Intensity (TMI), TMI reduced to the north magnetic pole (RTP), TMI RTP Calculated 1st vertical derivative (1VD), Calculated Analytic Signal (AS) of the TMI, Tilt Derivative (TDR) of the TMI, Total Horizontal Derivative (THDR) of the TMI, 3D inversion by two methodologies: Inversion for magnetic susceptibility distribution, and magnetic vector inversion. Announcement • Jan 18
iMetal Resources Inc. Discovers New Gold Trend as Part of Multiple Gold Zones Intersected At Gowganda West During Fall 2022 Drill Program iMetal Resources Inc. announced the assay results of the fall 2022 drill campaign at Gowganda West (GW). GW is an exploration-stage gold project about 100 km south-southeast of Timmins, Ontario, contiguous to Aris Gold Corp.'s Juby Project in the Shining Tree Camp of the southern part of the Abitibi Greenstone Gold Belt; contiguous also with the Knight project that is part of the Strategic Partnership between Orefinders Resources Inc. and Agnico Eagle Mines Limited. A total of seven drill holes were completed for a total meterage of 2611m. All seven holes intersected gold mineralization in multiple intervals. Highlights include: Hole IMGW-22-01: 1.00m at 0.71 grams per tonne gold, ("g/t"), from 397.0 metres; Hole IMGW-22-02: 0.80m at 4.6 g/t, from 47.1 metres; Hole IMGW-22-03: 6.00m at 0.52 g/t, from 245.5 metres. Hole IMGW-22-05: 5.90m at 0.95 g/t, from 161.5 metres; Hole IMGW-22-06: 9.00m at 0.75 g/t, from 304.0 metres Including 0.80m at 4.1 g/t; Hole IMGW-22-07: 0.80m at 4.1 g/t, from 106.3 metres. The results strongly suggest all previously encountered gold zones at Gowganda West continue along strike and up dip (towards surface), with gold trends now intersected over a strike of at least 1000m. Equally as important, the gold system continues to grow as a new gold trend to the east was discovered, as part of the multiple parallel gold zones encountered. The system is now open along 500m of width, 1000m of strike and 200m of depth. Mineralization continues to show strong similarities to the nearby Juby Deposits (which has a current resource containing 0.77 Moz Au Indicated and 1.5 Moz Au Inferred). The company adheres to a strict QA/QC program for core handling, sampling, sample transportation and analyses. Drill core will be securely transported to the rented core facility in Larder Lake which has gate only access. Samples will be sawn in half, labelled, placed in sealed, securitized bags and shipped directly to ALS Laboratories in Rouyn-Noranda, Quebec for analysis. ALS Geochemistry Rouyn-Noranda is a Standards Council of Canada (SCC) accredited facility that conforms with both CAN-P-1579 and CAN-P-4E ISO/IEC 17025. QA/QC control procedures include the systematic insertion of duplicate, blank and certified reference materials (CRM) at regular intervals into the sampling stream. Geochemistry analyses will consist of gold by fire assay and atomic absorption spectrometry (Au-AA26) with overlimit values subsequently analyzed using the gravimetric finish (Au-GRA22) technique. Where elected select samples may be analyzed for multi-element using a four acid/inductively coupled plasma mass spectrometry (ME-MS61) analysis. Announcement • Jan 04
iMetal Resources Inc. announced that it has received CAD 0.602 million in funding iMetal Resources Inc announced a non-brokered private placement of 2,150,000 flow-through shares at a price of CAD 0.28 per share for gross proceeds of CAD 602,000 on January 3, 2023. The company paid CAD 42,140 and issued 150,500 common share purchase warrants to certain arms-length third parties including GloRes Securities Inc., who assisted by introducing the subscriber to the company. The warrants are exercisable at a price of CAD 0.35 until December 30th, 2024. All securities issued in connection with the transaction are subject to a statutory hold period until May 1, 2023 in accordance with applicable securities laws. Announcement • Dec 30
Imetal Resources Inc. Elects Robert Coltura as Director iMetal Resources Inc. at its Annual General and Special Meeting of Shareholders held on December 20, 2022, approved the appointment of Robert Coltura as director. Announcement • Dec 17
iMetal Resources, Inc. Completes Drone Magnetics and Preliminary Interpretation on Its Shining Tree Block Near Gowganda West iMetal Resources Inc. announced completion of a drone magnetics survey at its 565-hectare Shining Tree block, 3.75 kilometres west of iMetal's Gowganda West property. The survey included a total of 20 separate drone flights over two days. Historic exploration at Shining Tree has been limited, especially on iMetal's ground. While performing the drone survey, preliminary identification and sampling of outcrops was also performed, and quartz veins were observed in numerous locations. Initial interpretation of the drone magnetics appears to confirm the largely North-South trending geologic fabric in the area. Final interpretation as well as results from mapping and grab samples will be used to plan future exploration programs. Announcement • Nov 24
iMetal Resources Inc. Submits Drilling Permits for Next Phase of Exploration At Gowganda West and Ghost Mountain iMetal Resources Inc. has submitted new exploration drilling permits for the Company's Gowganda West and Ghost Mountain projects; both lie within the prolific Abitibi Greenstone Gold Belt. Gowganda West is an exploration-stage gold project about 100 km south-southeast of Timmins, Ontario, contiguous to Aris Gold Corp.'s Juby Project in the Shining Tree Camp of the southern part of the Abitibi Greenstone Gold Belt; contiguous also with the Knight project that is part of the Strategic Partnership between Orefinders Resources Inc. and Agnico Eagle. iMetal has just recently completed a 2,611 m drilling program and is expecting assay results imminently. The Property has yielded previous drill results of 30 m @ 0.3 g/t with short intervals up to 6 g/t, trenching results including 27.2 g/t Au, and grab samples including 67.9 g/t Au. Ghost Mountain is a 220-hectare property, 42 km NE of Kirkland Lake, which lies 5 km directly west of Agnico Eagle's Holt and Holloway Mine and within 1 km of the Porcupine-Destor Fault Zone. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Tim Henneberry was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 08
iMetal Resources Inc. Commences Drone Magnetics on Its Shining Tree Block Near Gowganda West iMetal Resources Inc. announced commencement of a drone magnetics survey at its 565-hectare Shining Tree block, 3.75 kilometres west of iMetal's Gowganda West property. Historic exploration at Shining Tree has consisted of limited mapping, rock sampling and trenching according to Ontario Ministry of Energy, Northern Development and Mines Assessment Database. This work was concentrated in two areas: on the eastern side of Shining Tree Lake, which is largely underlain by Huronian Gowganda metasediments; and south of the lake, which is largely underlain by Archean mafic volcanics. While assay results were not included with the assessment filings, programs in the east and the south ran for multiple years. Exploration targets were copper and base metals in the east and gold silver and cobalt with copper in the south. Announcement • Oct 28
iMetal Resources Inc. Completes Drilling At Gowganda West for Fall 2022 Drill Program iMetal Resources Inc. announced the completion of the fall 2022 drill campaign at Gowganda West ("GW"). GW is an exploration-stage gold project about 100 km south-southeast of Timmins, Ontario, contiguous to Aris Gold Corp.'s Juby Project in the Shining Tree Camp of the southern part of the Abitibi Greenstone Gold Belt; contiguous also with the Knight project that is part of the Strategic Partnership between Orefinders Resources Inc. and Agnico Eagle Mines Inc. A total of seven drill holes were completed for a total meterage of 2611m. The objective of the 2022 program was to follow-up on the long gold intervals encountered in the lower sections of the westernmost drill holes from the 2019 maiden drill program: 0.37 g/t gold over 29.4 metres, 0.32 g/t gold over 30.25 metres, and 0.41 g/t gold over 19.5 metres. Identified gold targets along strike (northwest-southeast), along potential parallel trends (as seen at the adjacent Juby Project), and potential new trends were also tested as part of this drilling program. Core logging and sampling continues, and initial samples have begun to be shipped to ALS Geochemistry in Rouyn-Noranda for assaying. The first batches of assay results are expected before year end. Announcement • Oct 14
iMetal Resources Inc., Annual General Meeting, Dec 20, 2022 iMetal Resources Inc., Annual General Meeting, Dec 20, 2022. Announcement • Sep 28
iMetal Resources Inc. Mobilizes Drill Rig to Gowganda West to Commence Fall 2022 Drill Program iMetal Resources Inc. announced mobilization of a drill rig to Gowganda West ("GW") for the fall 2022 drilling campaign. GW is an exploration-stage gold project about 100 km south-southeast of Timmins, Ontario, contiguous to Aris Gold Corp.'s Juby Project in the Shining Tree Camp of the southern part of the Abitibi Greenstone Gold Belt; contiguous also with the Knight project that is part of the Strategic Partnership between Orefinders Resources Inc. and Agnico Eagle. The objective of the 2022 program is to follow-up on the long gold intervals encountered in the lower sections of the westernmost drill holes from the 2019 maiden drill program: 0.37 g/t gold over 29.4 metres, 0.32 g/t gold over 30.25 metres, and 0.41 g/t gold over 19.5 metres. A review of the IMR database by revamped technical team has identified gold targets along strike (northwest-southeast), along potential parallel trends (as seen at the adjacent Juby Project), and potential new trends where geophysics suggests a potential continuation or splay structure from the Juby Fault may be striking onto GW. Where it is adjacent to Aris Gold Corp.'s property, GW is underlain by the same basement metasediments that host two of the four main zones of the Juby Deposit. Concurrently, the Company will further evaluate the 6-kilometre gold trend hosting Zone 1 and Zone 3 in combination with the airborne geophysics to identify targets for the latter part of the fall 2022 program. Announcement • Jul 14
Imetal Resources Receives Drilling Permit for Gowganda West Project Ontario, Canada iMetal Resources Inc. announced receipt of a three-year drill and exploration permit to carry out the next phase of exploration at its 100% owned Gowganda West gold property. The property is located in the Shining Tree District of the Abitibi Greenstone Gold Belt in Northern Ontario. The permit includes: 15 line km's of induced polarization (IP) surveying; Trenching to refine gold targets at up to 25 locations, totaling 2500 linear metres; greater than 20 drill pads, with multiple drill collars at each pad. iMetal has completed a series of exploration programs at Gowganda West since acquisition in 2016,including prospecting, grab and channel sampling and preliminary diamond drilling, along with airborne VTEM and magnetics and ground IP. These programs defined a 6 kilometre north-south trending zone of anomalous gold mineralization and alteration, highlighted by Zone 1 in the north and Zone 3 in the south. Zone 1 has excellent access and is located 500 metres south of the Juby gold deposit. Zone 1 is showcased by two distinct outcrop areas and consists of a prominent alteration zone up to 10 metres wide and shearing carrying quartz veinlets. Grab sampling highlights include 27.2 g/t Au and 16.4 g/t Au (see press release dated June 10, 2021). Five diamond drill holes over 150 metres of strike length were subsequently drilled in 2019. Drill highlights included: 2.95 g/t Au over 2.5 metres, 1.43 g/t Au over 4.6 metres and longer intervals of 0.37 g/t au over 29.4 metres and 0.32 g/t au over 30.25 metres (see press release dated, April 20, 2020). Zone 3, located 6 km south of Zone 1, consists of two distinct gold target areas (Zone 3A and Zone 3B) separated by 225 metres. Grab samples at the target include 67.9 g/t Au, 29.6 g/t Au and 11.3 g/t Au (see press release dated June 10, 2021). Both zones have gold hosted in near north striking, sub- vertical quartz-carbonate veins with associated disseminated sulphides (pyrite and chalcopyrite). Both targets are yet to be drill tested and are a priority target for the 2022 drill program. Connecting Zone 1 and 3, located at either end of a 6 km long gold trend identified through systematic mapping and sampling in 2019 and 2021, will be a 2022 priority. The 2022 exploration program will include refined mapping and drill target identification along this trend. New targets will be assessed and considered for the 2022 drill program. Announcement • Jun 23
iMetal Resources Inc. Announces Completion of Drone Magnetics Survey At Its 220-Hectare Ghost Mountain Property iMetal Resources Inc. announced the completion of a drone magnetics survey at its 220-hectare Ghost Mountain property, located 42 kilometres northeast of Kirkland Lake, Ontario, in the Abitibi Greenstone Gold Belt. Ghost Mountain has a long, sporadic exploration history going back to the 1950's. Originally, the ground around Ghost Mountain was prospected and drilled for asbestos, with one hole completed on the current claim block. The hole appears to have been drilled perpendicular to stratigraphy, intersecting peridotite from bedrock to full depth at 695ft (211.8m). The next drilling took place in 1974, with one hole drilled within the claim block. Intermediate volcanics, rhyolite, graphitic tuff and andesite were interested, with several areas of quartz veins and sulfides noted. A further drill hole was completed in 1983, in the opposite direction to the 1974 hole, intersecting metasediments and andesites, with local areas of quartz veins and sulfides. One hole was drilled south of the claim block in 1991, with the last 75 metres underlying the current claim block, intersecting mafic and ultramafic volcanics. The ultramafic carried ankerite, sericite and fuchsite, with fracture filling pyrite. The final historic drilling was completed in 1993, with one hole lying within the current property. This hole was an extension of an earlier hole, intersecting mafic to ultramafic volcanics with strong to pervasive ankerite and local sericite and fuchsite. There were no assays filed with any of the drill logs. The drone magnetic survey was undertaken to highlight geophysical anomalies that may be related to structural zones or corridors which may have acted as conduits and/or hosts for precious metal mineralization. While assay results from the historic drilling are not available, areas of intense alteration, quartz veining and sulfides were noted in the drill logs, supporting the potential of the Ghost Mountain property. The scientific and technical information contained in this news release has been reviewed and approved by R. Tim Henneberry, P.Geo (British Columbia), a director of iMetal and a qualified person as defined in National Instrument 43-101. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Tim Henneberry was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 24
iMetal Resources Inc. Defines New Drill Targets as IP Survey Extends HG Shear Zone to Open 2300 Metres at the Oakes Gold Project iMetal Resources Inc. announced the results of the previously announced IP Survey at the Oakes Gold Project located in the Beardmore-Geraldton Greenstone Belt (BGGB) of Northern Ontario, northeast of Thunder Bay. The IP survey has successfully confirmed the Company's premise that the gold-bearing HG Shear Zone is a significant structure shown to extend over 2km in strike length as evident from the chargeability. The IP survey was conducted to the east and west of the historic (2010) grid and has confirmed the extension of the HG shear from about 800 metres to 2300 metres, remaining open in both directions. A second previously unknown parallel structure located at the bottom of the grid represents a second potential gold bearing shear zone (Crib Target). The chargeability map also indicates a potential E-W structure lying between the HG and Crib targets. This new parallel anomaly is interpreted to be an additional shear zone and is important because it appears to project into the parallel structure on the western end of the grid and into the HG Shear Zone just to the east of the grid. The increased chargeability noted at these two locations enhances these junction areas as shear junctions represent excellent exploration targets for gold mineralization. The Company plans to ground truth these new target areas, concurrent with a proposed drill program along the main HG Shear Zone. The Oakes Project is an orogenic, shear hosted gold project and is an integral part of the BGGB property package which the Company proposes to acquire from Riverside Resources Inc. The Oakes Project is 5,544 hectares and hosts several gold bearing shear zones, including the HG shear zone. Riverside channel sampling in 2019 at the HG shear zone returned values of 31.9 g/t gold, 19.7 g/t gold and 6.9 g/t gold over 0.5 to 1.0 m intervals. The Oakes Gold Project is currently controlled by Riverside Resources Inc., and exploration work conducted on the Project is overseen by Riverside. As previously disclosed, the Company proposes to acquire the Oakes Project as part of a larger package of properties located in Northern Ontario. Completion of the acquisition remains subject to the approval of the TSX Venture Exchange, available financing and the satisfaction of customary closing conditions. Readers are cautioned that there is no guarantee that the outstanding conditions will be satisfied and that the Company will acquire an interest in the Oakes Project. Executive Departure • Aug 14
Company Secretary Frances Murphy has left the company On the 12th of August, Frances Murphy's tenure as Company Secretary ended. We don't have any record of a personal shareholding under Frances' name. Frances is the only executive to leave the company over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Announcement • Jun 11
Imetal Resources, Inc. Releases Assay Results from the Late April 2021 Field Program At Its Gowganda West Property in Shining Tree District Part of Abitibi Greenstone Gold Belt of Northern Ontario iMetal Resources Inc. released assay results from the late April 2021 field program at its Gowganda West property in the Shining Tree District part of the Abitibi Greenstone Gold Belt of Northern Ontario. The program concentrated largely at Zone 1 and Zone 3, in preparation for trenching and drilling. Highlights include: Zone 3 highlights include: grab sample values of 67.9, 29.6 and 11.3 g/t gold. Zone 1 highlights include: gold g/t grab sample values of 27.2 and 16.35; A value of 3.72 g/t gold was returned from a location approximately 400 metres to the NW. Zone 1 is associated with Timiskaming type metasedimentary rocks comprising siltstone, sandstone and predominately conglomerate. Gold mineralization is found where conglomerate transitions into finer grained rock types. The conglomerate contains clasts of jasper rich, banded iron formation and is highly magnetic. In additional, the conglomerate contains significant amounts of pyrite, resulting in the unit showing as strongly conductive in induced polarization surveys. The 2018 airborne mag and 2019 IP surveys have allowed mapping of the conglomerate and its boundaries. Zone 1 mineralization seems to occur within northward trending structures at or near geological boundaries with conglomerate and finer grained sediments. Exposures in cleared areas from historical work shows potassic alteration and silica flooding over significant widths. Recent sampling in Zone 1 has confirmed previous sampling and shows a north-south trend to gold mineralization. Faulting in this area also trends north south and has served as corridors for late diabase dikes that have intruded into the existing weaker bedrock. Gold mineralization is associated with narrow, quartz-carbonate-pyrite veins hosted within wider zones of ankerite- albite-silica-sericite alteration and variable amounts of fine-grained, disseminated pyrite. Gold appears to be associated with pyrite, the higher the pyrite content generally the higher the gold content. Zone 3 similarly is hosted in metasedimentary rocks, however, the mineralization is oriented northeast-southwest and dips westward. Fifteen samples were taken from this area in April eight of which returned gold values over 1 g/t gold with a highlight value of 67 g/t gold. The highest- grade samples were found in larger areas of silica flooding associated with narrow units of felsic intrusive rock. Past sampling in this area also returned high grade gold. The Zone 3 exposure is found in a recently logged area and does not appear to have seen any past exploration. A total of 121 samples were taken during the April program with 26 returning values in excess of 0.1 g/t gold. Twelve of the 26 returned values in excess of 1 g/t gold, of which 5 were in excess of 10 g/t gold. Announcement • May 19
iMetal Resources Inc. announced that it expects to receive CAD 2 million in funding iMetal Resources Inc. (TSXV:IMR) announced a non-brokered private placement of units at a price of CAD 0.10 per unit and flow through shares at a price of CAD 0.13 per share for gross proceeds up to CAD 2,000,000 on May 18, 2021. Each unit will consist of one common share and one transferrable share purchase warrant of the company. Each warrant entitles the holder to acquire one additional common share at an exercise price of CAD 0.20 per share for a period of 24 months. The company may pay finders fees in the transaction. All securities to be issued will be subject to a four-month-and-one-day statutory hold period. The transaction is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. Announcement • May 12
iMetal Resources Inc. Provides Gowganda West Exploration Update iMetal Resources Inc. to provide an update on exploration activities at its Gowganda West property in the Shining Tree District of the Abitibi Greenstone Gold Belt of Northern Ontario. The Riverside Resources Inc. technical team spent 10 days on site reviewing the main mineralized structures and drill core from the 2019/2020 program and ground truthing the 2019 IP survey. Highlights: Samples were taken from Zone 1, Zone 3 and the Elkhorn "Window" and submitted to ALS Minerals in Thunder Bay, an ISO/IEC 17025:2017 accredited facility. Assays will be released once received and reviewed. Gold mineralization in the core appears to be associated with shear zones associated with lithologic boundaries. Gold mineralization on surface is associated with zones of brecciation exhibiting sericitic alteration and silica flooding. The western section of the property abuts Aris Gold Corp.'s Juby deposit and is underlain by moderately to steeply northeast dipping sediments of the Porcupine assemblage to the north and a sheared and folded package of strongly altered and mineralized fine to coarse clastic sediments and feldspar + quartz porphyry dykes to the south. These units have been intruded by a series of north to northwest trending diabase dykes that appear to lie in mineralized shear structures. The eastern section of the property is underlain by the younger post mineral Gowganda Formation and the Elkhorn "Window" of Archean rocks. The Elkhorn Window is important as it appears it is on strike with the Tyrrell Shear Zone which hosts the Juby deposits. The Company plans to initiate a program of mechanical trenching along Zone 1 and Zone 3 to expose both structures to the north and south to tighten up drill targets prior to an H2 drilling campaign. Announcement • Feb 11
iMetal Resources Inc. (TSXV:IMR) entered into an agreement to acquire Portfolio of Road Accessible Gold Projects Located in Beardmore Geraldton Greenstone Belt from Riverside Resources Inc. (TSXV:RRI) for CAD 1.3 million. iMetal Resources Inc. (TSXV:IMR) entered into an agreement to acquire Portfolio of Road Accessible Gold Projects Located in Beardmore Geraldton Greenstone Belt from Riverside Resources Inc. (TSXV:RRI) for CAD 1.3 million on February 10, 2021. As part of consideration, iMetal will issue 8 million common shares to Riverside Resources and iMetal will grant a 2.5% net smelter returns royalty on each of the acquired properties, of which 1.5% of the royalty may be acquired by iMetal at any time during the 60 months following closing in consideration for cash payments totaling CAD 7.5 million. iMetal will also pay a one-time bonus payment to Riverside Resources of $500,000, payable in cash or common shares of iMetal at its discretion, if at any time during the 60 months following closing iMetal receives results from any drilling program on the Oakes, Pichette and Longrose properties which indicates the presence of at least 100 gram-metres of gold. Closing is also conditional of iMetal completing an equity financing of not less than CAD 2.5 million. The transaction is subject to approval of the TSX Venture Exchange. Announcement • Jan 17
iMetal Resources Inc. Provides Gold Assay Results from 2020 Exploration Program, Including a Significant Greenfields Gold Discovery at its Gowganda West Property, Within the Prolific Abitibi Greenstone Belt, Southwest of Timmins, Ontario iMetal Resources Inc. provided significant gold assay results from the 2020 exploration program, including a significant greenfields gold discovery at its Gowganda West Property, within the prolific Abitibi Greenstone Belt, southwest of Timmins, Ontario. Highlights from the first phase program include: Discovery of new gold mineralization extending Zone 1 to the north for a total of 500 length of metres, open in both directions; Zone 1 highlight grab sample values include 5.13 g/t gold, with 5 of the 7 samples in the northern extension returning values in excess of 1 g/t gold from a strongly ankerite altered, brecciated unit; Discovery of a new zone 150 metres to the northeast of Zone 1 with highlight values of 1.49 g/t gold and 1.25 g/t gold representing a possible extension or parallel zone; Initial discovery of the Elkhorn Zone, with highlight values of 2.32 g/t gold and 0.73 g/t gold, 8km southwest of Zone 1, in an Archean erosional window; Zone 1 lies 1100 metres south of the Caldas Gold Corp. Juby deposit, currently hosting an indicated resource of 774,000 ounces at 1.13 g/t gold and inferred resource of 1,488,000 ounces at 0.98 g/t gold. Drill intersections from the 2019/2020 phase one drilling at Zone 1 included highlight intersections of: 2.95 g/t gold over 2.5 metres, 1.43 g/t gold over 4.6 metres and longer intervals of 0.37 g/t gold over 29.4 metres and 0.32 g/t gold over 30.25 metres. The Company initiated the 2020 sampling program to test areas of the property peripheral to Zones 1 and 3, concentrating largely in the western section of the claim group within the Archean stratigraphy, and in the Archean outlier at Elkhorn Lake in the east. A total of 268 prospecting grab samples were taken throughout the Archean stratigraphy. Thirty of the samples returned gold values in excess of 0.1 g/t gold with 10 of those exceeding 0.5 g/t gold including 8 that exceeded 1 g/t gold. The Company is currently incorporating the 2020 results with results from the previous sampling and geophysical programs to develop a phase 1 2021 drill program. All samples were shipped to Activation Laboratories Limited in Timmins, Ontario, an ISO 9001:2015 certified facility. All samples are analyzed utilizing Actlabs 1E3 QOP AquaGeo (Aqua Regia ICPOES) procedure, an aqua regia digestion with ICP (inductively coupled plasma) finish, with 1A2 procedure for gold, a 30-gram fire assay with AA (Atomic Absorption) finish. Actlabs is independent from iMetal. Announcement • Oct 05
iMetal Resources Inc. announced that it expects to receive CAD 2.75 million in funding iMetal Resources Inc. (TSXV:IMR) announced a non-brokered private placement of up to 25,000,000 units at a price of CAD 0.11 per unit for gross proceeds up to CAD 2,750,000 on August 27, 2020. Each unit will consist of one common share and one share purchase warrant of the company. Each warrant entitles the holder to acquire one additional common share at an exercise price of CAD 0.20 per share for a period of twenty-four months. The company may pay finders' fees in the transaction. All securities to be issued will be subject to a four-month-and-one-day statutory hold period. The transaction is subject to approval of the TSX Venture Exchange. At the close of business on September 3, 2020 the company will consolidate its common share capital on a five-for-one basis. Announcement • Oct 01
iMetal Resources Inc. Auditor Raises 'Going Concern' Doubt iMetal Resources Inc. filed its Annual on Sep 28, 2020 for the period ending May 31, 2020. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.