CMC Metals Ltd. has entered into a share purchase agreement to sell its subsidiary company 0877887 BC Ltd. and all of assets, rights, and responsibilities of the Bishop Mill located in California, USA with 1436132 B.C. Ltd., a private Canadian company. This agreement will be subjected to a 30-day due diligence period from the effective date of the [...]
CMC Metals Ltd. has filed for TSX Venture Exchange approval to close the financing announced on August 2nd, 2023, for aggregate gross proceeds of $364,450. On receipt of the TSX Venture Exchange approval, the company will issue 1,330,833 flow-through units at 12-cents and 2,047,500 non-flow-through units at 10-cents. A total of 1,689,167 [...]
CMC Metals Ltd. would like to announce that it will close the second Tranche of its current financing on September 15th. As announced on August 17th, the Company intends to raise up to C$500,000 through a non-brokered private placement. The proposed terms are to sell flow-through units of the Company at a price of C$0.12 per FT Unit and [...]
CMC Metals Ltd. is repricing the previously announced non-brokered private placement of units to raise approximately C$750,000 in order to better reflect the current market conditions for common shares of the Company. The Company will now raise C$500,000 through a non-brokered private placement. The newly proposed terms are to sell flow-through [...]
CMC Metals Ltd. is pleased to announce that an extensive gravity anomalies have been identified over the Silverknife Prospect within its Silverknife Property in northern British Columbia. The gravity survey was recently completed by Mineral Exploration Services Ltd. who are a specialist in in-field gravity survey data collection and the preliminary [...]
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$0.15 per FT Unit and non-flow-through units of the Company at a price of C$0.13 per Unit for aggregate gross proceeds of up to C$750,000 . Each FT Unit will consist of one [...]
CMC Metals Ltd. is pleased to announce that it has intersected mineralization in the second hole drilled within the Silverknife prospect, north-central British Columbia. Mineralization has been observed in several intersections of limestones in the Kechika Formation and is characteristic of silver-lead-zinc "CRD style" mineralization. It comprises [...]
CMC Metals Ltd. is pleased to announce that McKeown Exploration Services has initiated a second gravity survey on our Silverknife Property in northern British Columbia. MES is a specialist in gravity surveys. The design of the program was prepared in consultation with MES by Dr. Chris Hale and Mr. John Gilliatt of Intelligent Exploration who are [...]
CMC Metals Ltd. is pleased to announce that drilling has commenced at its Silverknife Property, north-central British Columbia, Canada. The program will comprise of an initial 3,000 meters focused on exploring recent discoveries identified as gravity anomalies in the northernmost portion of the Silverknife Project. Approximately 10-12 holes will be [...]
CMC Metals Ltd. is pleased to announce that is has received the exploration permit for the Silverknife Property in north-central British Columbia. The permit will allow the company to proceed with its planned 3,000-meter drill program that is targeting high grade silver-lead-zinc carbonate replacement deposits . The company is targeting an area in [...]
CMC Metals Ltd. is pleased to announce the completion of an Archaeological Overview Assessment on the Silverknife and Amy Properties, north-central British Columbia. The AOA was conducted by H3M Environmental Ltd. of Fort St. John, British Columbia. The AOA was conducted as a result of discussions with First Nations governments who emphasized the [...]
CMC Metals Ltd. announces positive results from its drill program conducted at its flagship Silver Hart Project in the 2022 exploration season. Approximately 4,404 meters of diamond drilling was completed in 25 holes . Highlights include; Hole SHM22_06 intersected 813 g/t AgEq* over 8.25 meters , including a 0.60 meter intersection of 2,827 g/t [...]
