Tillkännagivande • Oct 20
Metallum Resources Inc. announced that it expects to receive CAD 9 million in funding Metallum Resources Inc. announced a private placement for gross proceeds of CAD 9 million on October 19, 2022. The company will issue common shares in the transaction. Tillkännagivande • Jul 06
Metallum Resources Inc. Announces Board Changes Metallum Resources Inc. announced the appointment of Mr. Tony Wonnacott as Chairman of the Company following the resignation of Mr. Simon Ridgway. Mr. Wonnacott is a corporate securities lawyer based in Toronto with over 20 years of experience. He is a member of the Law Society of Upper Canada and holds a B.Comm. (cum laude) from Saint Mary's University and an LL.B. from Dalhousie University. He began his career at a major Toronto law firm in the banking and securities field before moving to work as a legal consultant to a number of companies, primarily in the mining and resource industry. As a consultant, officer and director of several of these companies, Tony has been involved with the successful listings of private companies, the sale of a company for approximately $750 million and capital raisings in excess of $1 billion. Tillkännagivande • Jun 15
Metallum Signs Negotiation Agreement with the Pays Plat First Nation Metallum Resources Inc. and Pays Plat First Nation announced the signing of a Negotiation Agreement (the "Agreement") for the Superior Lake Zinc Project ("Project") in Ontario, Canada. PPFN is the primary First Nation Group where the Project is located. The signing of this Agreement with PPFN is a major milestone, as it progresses regulatory approval for early-stage development works, and more importantly, outlines the timeline and key terms for the Impact Benefit Agreement ("IBA"). Both the Company and PPFN aim to have an IBA agreed and signed later this year. The IBA is a formal, written agreement that helps to manage the predicted impacts associated with an industrial development occurring on traditional lands and to secure economic benefits for neighbouring aboriginal communities affected by that development. In addition, both the Company and PPNF jointly met with The Honourable Patty Hadju, Minister of Indigenous Services of Canada and Member of the Parliament for Thunder Bay North (the Project's jurisdiction), to discuss the Project development, indigenous involvement, and current Permitting Process. The Company will continue to keep the market updated as these discussions progress. Metallum also continues to work closely with the town of Schreiber, which is located 29 kilometers from the Project. The Company met with the Mayor, Kevin Mullins, as well as Municipality Staff to discuss the Project status. Tillkännagivande • Jun 03
Metallum Resources Inc. Announces Commencement of Discussions with Multiple Global Metal Traders Regarding Superior Lake Zinc and Copper Project in Ontario, Canada Metallum Resources Inc. announced the commencement of discussions with multiple global metal traders regarding Company's Superior Lake Zinc and Copper Project in Ontario, Canada. Preliminary discussions with a number of these groups have indicated a willingness to have offtake linked to additional funding solutions. An offtake related financing is typically in the form of mezzanine debt or concentrate pre-payments. The concentrate produced at Superior Lake can access smelters using existing rail and road infrastructure to North American smelters as well as smelters in Asia, using the Vancouver port. The Thunder Bay port, which is located 214km from the mine gate, will provide access to smelters in Europe. The Project's unique location and access to the Canadian rail and highway network will provide access to Canadian port systems, both East and West coasts, allowing easy access to major smelters around the globe. Both the Zinc and Copper concentrates are well understood given the Project successfully operated for a decade before closing in 1998 due to sustained low zinc prices. This historical production as well as additional metallurgical test work carried out by SGS Lakefield in Canada (Superior Zinc and Copper Project Feasibility Study N.I. 43-101 compatible, DRA October 2021), provides detailed information and certainty to these groups. 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 Adam Kiley was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Mar 04
Metallum Resources Inc., Annual General Meeting, May 19, 2022 Metallum Resources Inc., Annual General Meeting, May 19, 2022. Tillkännagivande • Aug 25
Metallum Reports Drill Results At Its Superior Zinc and Copper Project, Ontario, Including 28.8% Zn, 0.86% Cu over 0.3M Metallum Resources Inc. reported results from its Phase 1 drill program at the Superior high-grade zinc and copper polymetallic project, located 150 km East of Thunder Bay in the province of Ontario, Canada. The Phase 1 drilling comprised 2,100m in 6 drillholes. Results of Recent Drilling: The Phase 1 drillholes targeted the up-dip and down-dip extensions of the Lower Pick Zones outside of the current resource, as well as up dip extension of the Winston Horizon. Ongoing Work: Compilation and analysis of historical whole rock geochemistry by Metallum has outlined significant alteration zones along the Winston Lake Horizon that have seen little or no drilling to date. Whole rock data from the Phase 1 drilling has confirmed VMS-associated footwall alteration in the target areas of Holes PLV-003 and PLV-006. Holes PLV-001, 004, and 005, which tested the Pick Lake Horizon near surface, intersected significant disseminated to locally massive sulfide mineralization with highly anomalous Cu, Zn and Ag values. Re-interpretation of the historic VTEM and TDEM geophysical surveys resulted in the generation of new near-surface targets up dip of the Pick Lake Deposit. Phase 1 drilling tested these targets and had positive results, intersecting the mineralization and hydrothermal alteration. Based on these, Phase 2 drilling will continue to use this re-interpreted data to explore for thicker, higher-grade mineralization along the Pick Lake Horizon which is largely underexplored near surface. The mineralization of Lower Pick Zone is similar to that of Winston Mine, which produced 3.3 Mt at 14% Zn, 1% Cu, 1g/t Au and 30 g/t Ag. Tillkännagivande • Jul 16
Metallum Resources Inc. announced that it has received CAD 0.3025 million in funding On July 15, 2021, Metallum Resources Inc. closed the transaction. The shares issued on closing are subject to a resale restriction until November 14, 2021. Tillkännagivande • Jul 02
Metallum Resources Provides Update on Drilling At Its Superior Zinc and Copper Project, Ontario Metallum Resources Inc. announced that the Phase 1 drilling at its Superior high-grade zinc and copper polymetallic project. Highlights to date: Phase 1 drilling at Superior has been successfully completed for a total of 2,100m in 6 drill holes. Drilling intersected mineralization, alteration and primary structures, targeted through the re- interpretation of historic geological and geophysical data. Core logging and sampling of the Phase 1 drilling is underway, with initial assay results expected within the next two to four weeks. Technical Information: All scientific or technical information contained in this news release was reviewed and approved by Kerem Usenmez, M.Sc., P.Eng., who is a Qualified Person as defined in NI 43-101. Tillkännagivande • Jul 01
Metallum Resources Inc. announced that it expects to receive CAD 0.3025 million in funding Metallum Resources Inc. (TSXV:MZN) announced a non-brokered private placement of 2,750,000 common shares at an issue price of CAD 0.11 per share for gross proceeds of CAD 302,500 on June 30, 2021. The company may pay a cash finders fees of 6% on proceeds raised in the transaction. The transaction is subjected to acceptance for filing by the TSX Venture Exchange. 