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TSX-V: TT Announces Updated Offering Terms
Thenewswire· 2025-10-08 20:05
Core Viewpoint - Total Metals Corp. has revised the terms of its non-brokered private placement to raise up to $10 million through the issuance of units priced at $0.60 each [1][2]. Group 1: Offering Details - The Offering will consist of up to 16,666,666 units, each unit comprising one common share and one common share purchase warrant [2]. - Each warrant will allow the purchase of an additional common share at a price of $0.90 per share for a period of 36 months from issuance [2]. - The Offering will be available to accredited investors under National Instrument 45-106 and other applicable exemptions [3]. Group 2: Company Overview - Total Metals Corp. focuses on the acquisition, exploration, and development of mineral properties in the Red Lake mining district of Northern Ontario, Canada [4]. - The company owns 100% of the Electrolode Project, which covers 3,000 contiguous hectares and has significant historical drilling and modern airborne geophysics [4]. - The Electrolode Project targets high-potential mineral resources in three favorable geologic trends and is strategically located near major mines [4]. - The project is fully permitted for exploration drilling and contains 10 historic mineralized zones with significant expansion potential [4].
XXIX to Begin 6,000-Metre Drill Program at High-Grade Cooke Gold Zone at Opemiska
Newsfile· 2025-09-30 10:00
Core Viewpoint - XXIX Metal Corp. is set to initiate a 6,000-metre drill program at the Cooke Gold Zone within its Opemiska copper project, aiming to expand its gold inventory and enhance the project's overall resource base [1][6]. Company Overview - XXIX Metal Corp. operates the Opemiska and Thierry Copper projects, which are significant assets in the Canadian copper sector, with the Opemiska project being one of Canada's highest-grade open-pitable copper deposits [6][7]. - The Cooke Gold Zone was historically a gold mine with copper by-product credits, producing 1.97 million tonnes at a grade of 5.04 g/t gold and 0.66% copper [5][6]. Drill Program Details - The upcoming drill program will consist of up to 34 holes, with approximately 23 holes (4,500 metres) planned specifically for the Cooke Gold Zone, while the remaining holes will target the Chibougamau Copper Zone [1][4]. - This drill campaign marks the first systematic exploration at Cooke since its closure, leveraging the extensive geological database inherited from Falconbridge [3][6]. Resource Potential - The current resource at Opemiska includes 62,706 kt at 0.31 g/t Au (634 Koz, Indicated Resources) and 78,485 kt at 0.17 g/t Au (419 Koz, Inferred Resources) [2][6]. - The primary goal of the drill program is to define near-surface gold and copper resources that could be beneficial to the broader Opemiska project, particularly focusing on mineralization from the crown pillar [3][5].