Duyuru • May 09
Palladium One Announces Delisting of MetalCorp Shares Palladium One Mining ("Palladium One" or the "Company") announced that, in connection with the Company's recently completed acquisition of MetalCorp Limited ("MetalCorp") by way of statutory plan of arrangement under the provisions of the Business Corporations Act (Ontario), the Company intends to delist the common shares in the capital of MetalCorp from the TSX Venture Exchange, effective at the close of business on May 9, 2023. Duyuru • Dec 15
MetalCorp Limited, Annual General Meeting, Feb 14, 2023 MetalCorp Limited, Annual General Meeting, Feb 14, 2023. 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. 5 highly experienced directors. Independent Director Chris Dougherty was the last director to join the board, commencing their role in 2010. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 03
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. 5 highly experienced directors. Independent Director Chris Dougherty was the last director to join the board, commencing their role in 2010. 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. 5 highly experienced directors. Independent Director Chris Dougherty was the last director to join the board, commencing their role in 2010. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jan 06
MetalCorp Limited Completes Drilling Program at its Black Bear Project in Red Lake Area of Northwestern Ontario MetalCorp Limited announced that Full Force Diamond Drilling Ltd. has completed MetalCorp's drilling program at its Black Bear Project, 15 kilometers North-East of Balmertown in the Red Lake area of northwestern Ontario. The program was designed to target favourable geological features within the East Bay Deformation Zone corridor with 6 drill-holes completed in the field on December 18, 2021. Results are pending upon finishing logging and sampling the holes. The program consisted of six drill holes totaling 1,800 meters. The Black Bear field program at Red Lake, including drilling, logging and sampling, was undertaken on site by field geologist, Troy Gallik, and overseen by Crystall McCullough and Ian Russell of Rimini Exploration and Consulting Ltd., all of which was supervised by MetalCorp's Mitch Dumoulin, P. Geo. All drill holes were collared in the East Bay Deformation Zone Corridor and successfully cored through Balmer Formation Units rock displaying zones of wide alteration with zones of silica and biotite alteration; sulphide mineralization consisting primarily of pyrrhotite and frequent pyrite occurring in and around quartz carbonate stringers and sheared hosted quartz veins typical of the Red Lake gold camp. Quality control protocols have been introduced throughout the drilling program. Drill core has been transported to a secure core storage facility located in Red Lake, Ontario. At the Red Lake facility, core samples from the program are being split in half, using a diamond cutting saw, before being sent to MetalCorp's facilities in Thunder Bay where one half will be retained and the other half forwarded to Activation Laboratories (Actlabs), a certified laboratory in Thunder Bay, to be assayed for mineral content. All sample results will be sent by the laboratory by e-mail to MetalCorp's geologist. All samples are being analyzed for gold using standard fire assay-AA techniques. Certified gold reference standards, blanks and field duplicates are routinely inserted into the sample stream, as part of MetalCorp's quality control/quality assurance program (QA/QC). Assay results will be released once received, reviewed and verified by the Company's Qualified Person. The Black Bear Project encompasses the Balmer Assemblage typical of the geological environment comprising the famous Campbell and Dickenson gold mines. Those two mines merged together in 2006 during the Goldcorp take over of Placer Dome to become the Red Lake Gold Mines complex, and is now under the ownership of Evolution Mining of Australia. The geological assemblage consists of volcanogenic rocks sequenced with ultramafic horizons surrounded by intrusive stocks. Two major deformation structures control the gold mineralization such as D2 deformation zones striking West-North-West to the old Cochenour mine, which is also operated by Evolution Mining, and then the East Bay Deformation Zone (EBDZ) striking North-North-East from the Cochenour mine along East Bay and running through the Black Bear Project. The East Bay Deformation Zone remains a prime target for future exploration. Duyuru • Dec 18
Metalcorp Announces TSX Acceptance of Earn-In Agreement with Barrick Gold on Metalcorp's Hemlo East Property MetalCorp Limited announced that the TSX Venture Exchange has provided its acceptance of MetalCorp's recently announced earn-in agreement (the "Earn-In Agreement") with Barrick Gold Inc. ("Barrick"), a wholly-owned subsidiary of Barrick Gold Corporation, relating to MetalCorp's Hemlo East gold property (the "Hemlo East Property") located about 350 kilometers east of Thunder Bay, Ontario. Barrick is currently operating the Williams and David Bell Gold Mines which are adjacent to the Hemlo East Property. Over 21 million ounces of gold have been produced to date from the Hemlo gold deposits. The Earn-In Agreement provides that Barrick has the right and option to earn an 80% interest in the Hemlo East Property upon satisfaction of the following conditions: Barrick paying CDN 3,000,000 (the "Initial Payment") to MetalCorp on or before the third business day following TSX Venture Exchange acceptance of the Earn-In Agreement (the date of such payment being the "Initial Payment Date"); Barrick funding expenditures on the Hemlo East Property as follows: (A) at least CDN 700,000 (the "Guaranteed Amount") on or before the first anniversary of the Initial Payment Date; and (B) at least CDN 4,500,000 (including the Guaranteed Amount) on or before the third anniversary of the Initial Payment Date; and Barrick delivering a National Instrument 43-101 technical report in respect of the Hemlo
East Property on or before the third anniversary of the Initial Payment Date. Duyuru • Nov 21
MetalCorp Limited Announces Earn-In Agreement with Barrick Gold on MetalCorp’s Hemlo East Property MetalCorp Limited announced that it has entered into an earn-in agreement with Barrick Gold Inc., relating to MetalCorp’s Hemlo East gold property located about 350 kilometers east of Thunder Bay, Ontario. Barrick is currently operating the Williams and David Bell Gold Mines which are adjacent to the Hemlo East Property. Over 21 million ounces of gold have been produced to date from the Hemlo gold deposits. The Earn-In Agreement is subject to acceptance by the TSX Venture Exchange. The Earn-In Agreement provides that Barrick has the right and option to earn an 80% interest in the Hemlo East Property upon satisfaction of the following conditions: Barrick paying CAD 3,000,000 to MetalCorp on or before the third business day following TSX Venture Exchange acceptance of the Earn-In Agreement; Barrick funding expenditures on the Hemlo East Property as follows: at least CAD 700,000 on or before the first anniversary of the Initial Payment Date; and at least CAD 4,500,000 on or before the third anniversary of the Initial Payment Date; and Barrick delivering a National Instrument 43-101 technical report in respect of the Hemlo East Property on or before the third anniversary of the Initial Payment Date. During the earn-in period, Barrick will be the operator of the Hemlo East Property and will manage and execute all exploration programs and spending on the Hemlo East Property. Barrick may withdraw from the earn-in at any time, provided it has paid to MetalCorp the CAD 3,000,000 Initial Payment and fulfilled its obligation to fund the CAD 700,000 Guaranteed Amount of expenditures on the Hemlo East Property. After completion of the earn-in, Barrick and MetalCorp will form a joint venture company (“JVCo”), to hold the Hemlo East Property, to be owned 80% by Barrick and 20% by MetalCorp with funding on a pro-rata basis. Dilution of a shareholder’s interest below 10% will result in the conversion of the interest to a 2% Net Smelter Return royalty. The party holding a majority of shares will be the operator of the JVCo. Duyuru • Sep 24
MetalCorp Limited announced that it has received CAD 0.1 million in funding On September 11, 2020, MetalCorp Limited (TSXV:MTC) closed the transaction. The company has issued 3,333,333 shares for the proceeds of CAD 100,000 in the transaction. The transaction included participation from accredited investors. The company has paid finder an aggregate of 266,666 common shares representing 8% of the aggregate number of Common Shares issued to subscribers sourced by such finder.
TSX Venture Exchange has accepted for filing documentation with respect to the offering. The transaction included participation from four placees. The company issued shares to Generic Capital Corporation as finder’s fee. Duyuru • Sep 12
MetalCorp Limited announced that it has received CAD 1 million in funding On September 11, 2020, MetalCorp Limited (TSXV:MTC) closed the transaction. The company has issued 266,666 common shares to the finder which is equal to 8% of the common shares issued in the transaction. Duyuru • Aug 24
MetalCorp Limited announced that it expects to receive CAD 0.2 million in funding MetalCorp Limited (TSXV:MTC) announced a private placement of up to 6,666,666 common shares at a price of CAD 0.03 per share for aggregate gross proceeds of up to CAD 200,000 on August 21, 2020. All of the securities issued pursuant to this transaction will be subject to a four month hold period. Completion of the transaction is subject to receipt of all required regulatory and other approvals, including acceptance by the TSX Venture Exchange. Duyuru • Aug 12
MetalCorp Limited announced that it expects to receive CAD 1 million in funding MetalCorp Limited (TSXV:MTC) announced a private placement of up to 33,333,333 common shares at a price of CAD 0.03 per share for aggregate gross proceeds of up to CAD 1,000,000 on August 11, 2020. The first tranche of the transaction may include subscriptions from a number of related parties. All of the securities issued pursuant to this transaction will be subject to a four month hold period. Completion of the transaction is subject to receipt of all required regulatory and other approvals, including acceptance by the TSX Venture Exchange.