Nine Mile Metals Ltd. is pleased to announce it has drilled a mineralized zone covering 134.0m in WD-24-02 at its initial Phase 1 drill program on its Wedge VMS Project in the world-famous Bathurst Mining Camp, New Brunswick . WD-24-02 HIGHLIGHTS: The hole was collared on the northeast flank of the Wedge Deposit and drilled at an azimuth of 160 [...]
Nine Mile Metals Ltd. announces that it has completed a private placement financing for cash proceeds of $175,238 and debt forgiveness of $20,000 . The Company issued 3,253,968 units at a price of $0.06 each. Each unit consists of one common share and one common share purchase warrant . Each Warrant will entitle the holder to purchase one Common [...]
Nine Mile Metals Ltd. is pleased to announce a segment of XRF results from Hole WD-24-01, marking a significant milestone in its inaugural Phase 1 drill program on the Wedge VMS Project located within the renowned Bathurst Mining Camp in New Brunswick . Highlights: Drill hole WD-24-01 was initiated in the footwall sediments situated on the south [...]
Nine Mile Metals Ltd. discloses that it will amend the proposed private placement that it announced in the Company's news release on February 8, 2024 , . The Private Placement will now consist of the sale of up to 4,166,666 units at a price of $0.06 per Unit. Each Unit will be comprised of one common share and one Common Share purchase warrant [...]
Nine Mile Metals Ltd. announces that it has made payments under its option to Purchase 100% of Wedge Project, dated February 9, 2023, with SLAM Exploration Ltd. . The Option and payments were previously announced on February 16, 2023. The Company has issued 200,000 common shares at a deemed price of $0.08 per share, in accordance with the Option [...]
Nine Mile Metals Ltd. announces its intention to complete a private placement for proceeds of up to $500,000 . The Private Placement will consist of the sale of up to 8,333,333 units at a price of $0.06 per Unit. Each Unit will be comprised of one common share and one Common Share purchase warrant , with each Warrant entitling the holder thereof to [...]
Nine Mile Metals Ltd. issues a correction to its press release originally issued on Friday, January 26, 2024, announcing the activation of the Wedge Project drill program and providing an update on the California Lake Drill Target #10. The original press release stated that drilling at the California Lake Target #10 stopped on December 17th, 2023 [...]
Nine Mile Metals Ltd. is pleased to announce that it has received all necessary drill permits on its Wedge Project southwest of the Brunswick #12 Mine and has mobilized the Drill Rig onsite for its High Priority Drill Program on Targets #1 & #2. Drilling at California Lake Target #10 stopped on December 17th, 2023, above target depth due to [...]
Nine Mile Metals Ltd. , is pleased to announce it has received Final Approval of its Nine Mile Brook Lens Bulk Sample Permit from the NB Department of Mines Resource Development Branch , for the Nine Mile Brook Lens Bulk Sample Project. Nine Mile Metals has received Final NB DEM Bulk Sample Permit Approval Nine Mile Metals has now initiated its [...]
Nine Mile Metals Ltd. announces completion of the first tranche of a private placement of up to $1,500,000 . The Company issued 5,625,000 flow-through units at a price of $0.20 per Unit, for proceeds of $1,125,000. Each Unit consists of one flow-through common share of the Company and one-half of one common share purchase warrant , with each full [...]
Nine Mile Metals Ltd. , is pleased to provide an update on its current drillhole at its California Lake VMS Project. Drillhole is currently at a depth of 615 meters targeting Lens A at depth. The Azimuth and dip are monitored daily, the Azimuth presently at 209 degrees and the Dip flattened to 65 degrees. Our calculations show we are on target [...]
Nine Mile Metals Ltd. , discloses that it has closed its convertible loan financing for a total of $201,000 . The Convertible Loans have a term of 12 months from the closing and bear interest at 15 per cent per annum, calculated and payable on the Maturity Date. Convertible Loan proceeds will be used for advancing the bulk sample program on the [...]