CMC Metals Ltd. is pleased to announce, further to its news releases of April 29, 2024 and June 14, 2024 that it has received TSX Venture Exchange approval to close the first tranche of its non-brokered private placement . On June 26, 2024, the Company issued 2,782,143 non-flow through Units at a price of $0.035 per NFT Unit, for gross proceeds of [...]
CMC Metals Ltd. is pleased to announce that the Company has completed the final payment on the Blue Heaven Property with the optionor Strategic Metals Ltd. and as a result is now an 80% owner of the Property. The original final payment of the option agreement was amended and subsequently a payment of 5,000,000 common shares at a deemed price of [...]
CMC Metals Ltd. has oversubscribed its private placement announced April 29, 2024 by raising gross proceeds of $162,400, subject to TSX Venture Exchange approval. On receipt of the TSX Venture Exchange approval, the company will issue 1,000,000 flow-through units at $0.04 and 3,497,143 non-flow-through units at $0.035. Each FT unit consists of one [...]
CMC Metals Ltd. is pleased to announce that the Company hopes to soon initiate geophysical studies in areas on its Silverknife and Amy properties where airborne geophysics have identified significant high conductivity targets. The current outcome of an airborne electromagnetic survey completed by SkyTEM in 2021 , was the identification of several [...]
CMC Metals Ltd. is pleased to announce that the Company hopes to soon initiate studies to examine the viability of utilizing dense media separation or ore sorting technologies at the Silver Hart Project. Dense Media Separation has emerged as a powerful mineral processing technique as it enables the separation of minerals based on their specific [...]
CMC Metals Ltd. announces that as a result of a review by the British Columbia Securities Commission , the Company is issuing the following news to clarify previous disclosure relating to the 2020 Technical Report on the Silver Hart Property, Yukon. The 2020 Technical Report Silver Hart Project is not compliant with National Instrument 43-101 [...]
CMC Metals Ltd. is pleased to announce the terms to its proposed non-brokered private placement. The proposed terms are to sell flow-through units of the Company at a price of C$0.04 per FT Unit and for gross proceeds of $400,000 and non-flow-through units of the Company at a price of C$0.035 per Unit for gross proceeds of $100,000. The aggregate [...]
CMC Metals Ltd. is pleased to announce that the Company has prepared a new conceptual mineralization model for its Silverknife Property. The model is based on an interpretation of recent and historical exploration data and publicly available regional data. The model will serve as a guideline to future exploration efforts on the property and [...]
CMC Metals Ltd. announces that is pleased to announce that it has settled and extinguished $163,457.02 of outstanding debt through the issuance of common shares of the Company . In accordance with the settlement of debt , the Company issued 2,611,111 common shares at a deemed price of $0.045 per Share to non-arm's length creditors of the Company [...]
CMC Metals Ltd. is pleased to announce that it has entered into a share purchase agreement with North Bay Resources Inc. to acquire 55.5% of its former subsidiary company 0877887 BC Ltd. and all of assets, rights, and responsibilities of the Bishop Mill located in California, USA from 1436132 B.C. Ltd., a private Canadian company. Within this [...]
CMC Metals Ltd. is pleased to announce that the Company has completed a detailed review of over 4 decades of historical and recent exploration data on its Silverknife Property that has resulted in the identification of four large zones with significant exploration potential. The review was completed by CMC's Project Geologist Cesar Symonds along [...]
CMC Metals announces cancellation of the $1.2 million private placement announced on Feb 28, 2024 due to the failure of the property owner of the silver-gold-polymetallic Gavilanes project to achieve an extension of the exploration permit with SEMARNAT, Mexico's permitting authority. In addition, CMC has subsequently served notice of its intent to [...]
