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Nine Mile Metals Announces Completion of DDH WD-25-04, Confirming 40m of Mineralization at Depth
TMX Newsfile· 2026-01-22 13:00
Core Viewpoint - Nine Mile Metals Ltd. has successfully completed its 4th drill hole (DDH-WD-25-04) in the Wedge Western Extension Drill Program, indicating significant copper-bearing mineralization [1][4][13]. Group 1: Drill Program Details - The drill hole was completed to a depth of 239 meters, intersecting 40 meters of mineralization starting at 158 meters [4]. - The mineralization includes secondary copper minerals such as Covellite and Bornite, confirming a significant copper-bearing system [4][9]. - The drill hole encountered a sequence of sheared silicified volcanics with varying amounts of copper-bearing sulphides, with sulphide volume increasing to 50-60% at 183 meters [4][9]. Group 2: Company Statements and Future Plans - Gary Lohman, VP Exploration, noted the ongoing success of the drilling program, with significant mineralization appearing in multiple holes [9]. - Patrick J Cruickshank, CEO, highlighted the successful intersection of mineralization in the 4th drill hole and the groundwork being laid for the second phase of the Wedge program [13][14]. - The company has secured financing for an extensive exploration program in 2026-2027 across all four projects, reducing dilution risk for shareholders [14]. Group 3: Technical and Regulatory Compliance - All drill core has been measured, logged, and sampled, with 57 samples sent for analysis to ALS Global [18]. - The technical information disclosed complies with Canadian regulatory requirements under National Instrument 43-101 [19]. Group 4: Company Overview - Nine Mile Metals Ltd. is focused on VMS exploration in the Bathurst Mining Camp, New Brunswick, with a strategic emphasis on critical minerals for EV and green technologies [20].
Nine Mile Metals Announces Closing of LIFE Offering
TMX Newsfile· 2026-01-21 22:00
Core Viewpoint - Nine Mile Metals Ltd. has successfully closed a private placement, raising gross proceeds of $4,631,250 through the issuance of 24,374,997 units at a price of $0.19 per unit, indicating strong investor interest and an oversubscribed offering [1][3]. Financing Details - Each unit consists of one common share and one common share purchase warrant, with the warrant exercisable at $0.30 for two years [2]. - The company has also received over $1 million from the exercise of warrants in recent weeks, positioning it strongly for growth over the next 24 months [3]. Use of Proceeds - The proceeds from the offering will be allocated towards exploration activities and related expenses on critical minerals projects in the Bathurst Mining Camp, as well as general and administrative obligations [6]. Finder's Fees - In connection with the offering, the company paid finder’s fees totaling $279,667.52 and issued 1,471,934 finders warrants, which are also exercisable for two years at a price of $0.19 [5]. Company Overview - Nine Mile Metals Ltd. is focused on VMS (Cu, Pb, Zn, Ag, and Au) exploration in the Bathurst Mining Camp, New Brunswick, with a strategic emphasis on minerals essential for technology and green technologies [8].
Nine Mile Metals Announces Private Placement of up to $4 Million
TMX Newsfile· 2026-01-05 21:15
Core Viewpoint - Nine Mile Metals Ltd. is conducting a private placement to raise up to $4,000,000 through the issuance of up to 21,052,632 units at a price of $0.19 per unit [1][4]. Offering Details - Each unit consists of one common share and one common share purchase warrant, with the warrant exercisable into one common share at a price of $0.30 for two years [2]. - The offering is expected to close around January 13, 2026, subject to regulatory approvals [4]. - The company may pay finder's fees of 8% of the gross proceeds and issue finder's warrants equal to 8% of the units issued [5]. Regulatory Compliance - The units will be offered to purchasers in all Canadian provinces except Quebec, under the Listed Issuer Financing Exemption [3]. - Units issued under this exemption will not be subject to a hold period under Canadian securities laws [3]. Use of Proceeds - Proceeds from the offering will be allocated to exploration activities and related expenses for critical minerals projects in the Bathurst Mining Camp, as well as general administrative obligations [7]. Company Overview - Nine Mile Metals Ltd. is focused on VMS (Cu, Pb, Zn, Ag, and Au) exploration in the Bathurst Mining Camp, New Brunswick, Canada [10]. - The company aims to explore four VMS projects and is positioning itself for the demand in EV and green technologies that require copper, silver, lead, and zinc [10].
Nine Mile Metals Announces Completion of DDH WD-25-01 and Confirms Two Zones of VMS Mineralization at the Wedge Project
Newsfile· 2025-11-26 15:04
Core Insights - Nine Mile Metals Ltd. has successfully completed its first drill hole (DDH-WD-25-01) in the Wedge Western Extension Drill Program, confirming two zones of VMS mineralization [1][4][9] - The first drill hole intersected approximately 22.40 meters of massive copper-bearing sulphides, indicating significant mineralization potential [4][9] - The second drill hole (DDH-WD-25-02) is currently in progress, aimed at extending the mineralized zone further west [1][4][9] Company Overview - Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on VMS (Cu, Pb, Zn, Ag, and Au) exploration in the Bathurst Mining Camp, New Brunswick [10] - The company is actively exploring four VMS projects: Wedge VMS Project, Nine Mile Brook VMS Project, California Lake VMS Project, and Canoe Landing Lake VMS Project [10] - The company is positioning itself for growth in critical minerals exploration, particularly in response to the increasing demand for copper, silver, lead, and zinc in EV and green technologies [10]