Domestic Metals Initiates Geophysical Program at the Smart Creek Project and announces non-brokered Private Placement
Globenewswire·2026-02-04 12:30

Core Viewpoint - Domestic Metals Corp. is significantly expanding its exploration efforts at the Smart Creek Project in Montana, driven by promising results from previous sampling programs and a new geophysical program aimed at refining drilling targets for upcoming diamond drilling activities scheduled for Q1/Q2 2026 [1][2][4]. Exploration and Geophysics - The company has engaged TMC Geophysics to conduct 27 line-kilometers of electrical geophysics (Induced Polarization) at the Smart Creek Project to enhance historical IP coverage and refine drill target locations [1]. - The 2025 surface sampling program revealed high-grade results, including up to 102 g/t gold, 23% copper, and 3,810 g/t silver, which expanded the mineralized footprint and identified new targets for exploration [2][4][7]. Financing and Private Placement - Domestic Metals announced a non-brokered private placement of up to 12,500,000 units at a price of $0.28 per unit, aiming for gross proceeds of up to $3,500,000 [3]. - Each unit consists of one common share and one common share purchase warrant, with the warrants allowing the purchase of additional shares at $0.40 for two years [3]. - The net proceeds from the offering are intended for exploration at the Smart Creek Project and general working capital [5]. Management and Strategic Goals - The CEO of Domestic Metals highlighted the increased exploration budget to accommodate additional geophysics and up to 9,000 meters of diamond drilling, emphasizing the significant market interest generated by recent high-grade mineralization discoveries [4]. - The Smart Creek Project is strategically located in Montana, featuring widespread copper mineralization and multiple attractive exploration targets [11]. Technical Information - All scientific and technical information has been reviewed by a qualified person, ensuring compliance with National Instrument 43-101 standards [9]. Company Overview - Domestic Metals Corp. focuses on discovering large-scale copper and gold deposits in historically significant mining areas across the Americas, aiming to identify new economic mineral deposits [10].

Domestic Metals Initiates Geophysical Program at the Smart Creek Project and announces non-brokered Private Placement - Reportify