VANCOUVER, Feb. 28, 2018 /CNW/ - Boreal Metals Corp. is pleased to announce high grade and other encouraging drill results from the ongoing 2,500 meter diamond drill program at Gumsberg. Drill results from the first five holes confirm the presence of high grade silver-zinc-lead mineralization with significant associated copper and gold mineralization. Drill intercepts include various styles of mineralization in massive [...]
VANCOUVER, Feb. 15, 2018 /CNW/ - Boreal Metals Corp. is pleased to announce that it has completed the acquisition of the Modum Project from EMX Royalty Corp. . Pursuant to the terms of the purchase and sale, Boreal has issued to EMX 1,324,181 common shares of Boreal, which brings EMX's equity ownership in Boreal to 19.9%. EMX will have the right to participate pro-rata in future financings at its own cost to maintain [...]
VANCOUVER, Feb. 9, 2018 /CNW/ - Boreal Metals Corp. is pleased to announce the execution of a definitive agreement with EMX Royalty Corp. for the acquisition of the Guldgruvan cobalt project by Boreal Energy Metals Corp. , a newly created and wholly owned subsidiary of Boreal. The Guldgruvan nr 101 license contains the historic Los Cobalt Mine, one of the better known historic cobalt producers in the region, and is also [...]
VANCOUVER, Jan. 16, 2018 /CNW/ - Boreal Metals Corp. is pleased to announce the execution of a definitive agreement with EMX Royalty Corp. for the acquisition of the Modum Project . The Project surrounds southern Norway's historic Skuterud Mine , which was Europe's largest and highest grade producer of cobalt though the nineteenth century. "The Modum Project includes an impressive 12,000 Ha with 12 kilometers of cobalt [...]
VANCOUVER, Jan. 4, 2018 /CNW/ - Boreal Metals Corp. is pleased to announce the results of an Induced Polarization Geophysical Survey at the 100% owned Burfjord Copper Project, located near Burfjord, in Northern Norway . The results of the survey indicate along-strike continuity of sulphide mineralization over a three kilometer segment of prospective stratigraphy and a depth continuity in excess of 100 meters; beyond the [...]
Boreal Metals is pleased to announce that exploration drilling is underway at its 100% owned Gumsberg license property located in the prolific Bergslagen Mining District in southern Sweden. Boreal plans to conduct 2,500 m of diamond drilling across three prospective high grade volcanogenic massive sulphide mineral trends including Östrasilvberg, Vallberget-Loberget and Gumsgruvan. Each of these silver-zinc-lead trends [...]
Boreal Metals is pleased to announce that, following the closing of its previously announced concurrent offerings of units by way of Short Form Offering Document in accordance with TSX Venture Exchange policies and by way of brokered private placement, the Company has closed on a further non-brokered private placement of units for additional aggregate proceeds to Boreal of $200,000. The Company has issued 666,666 units at [...]
Boreal Metals is pleased to announce it has obtained a public listing for its securities on the TSX Venture Exchangefollowing closing of its previously announced concurrent offerings of units by way of Short Form Offering Document in accordance with Exchange policies and by way of brokered private placement. As a result, the Company will be listed as a Tier 2 issuer on the Exchange. Pursuant to the SFOD Offering and the [...]
Further to its news release on September 25, 2017, Boreal Metals is pleased to announce that, due to increased investor demand, the Company is increasing its previously announced brokered private placement, from total gross proceeds of up to $1,000,000, to total gross proceeds of $2,400,000. The brokered private placement will now consist of 8,000,000 units of Boreal at a price of $0.30 per unit. The Company is also [...]
Boreal Metals is pleased to announce details of proposed equity financings to raise aggregate proceeds to the Company of up to $3,000,000, and its intended application to the TSX Venture Exchange for an original listing of its common shares and Warrants on the facilities of the Exchange. Boreal proposes to enter into an agency agreement with PI Financial that will provide for a financing to be completed on a best efforts [...]
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