African Metals Corporation

Brixton Metals Updates Stakeholders on Taku River Tlingit First Nation Watershed Plan

Retrieved on: 
Tuesday, January 24, 2023
African Metals Corporation, OTCQB, BBB, Taku, Taku River Tlingit First Nation, Tahltan First Nation, SML, Trapping

VANCOUVER, British Columbia, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) announces that the Taku River Tlingit First Nation (“TRTFN”), who the Company has been working collaboratively with since 2013 under an exploration agreement, recently released its plan for the Taku watershed (the “Watershed Plan”).

Key Points: 
  • VANCOUVER, British Columbia, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) announces that the Taku River Tlingit First Nation (“TRTFN”), who the Company has been working collaboratively with since 2013 under an exploration agreement, recently released its plan for the Taku watershed (the “Watershed Plan”).
  • The Watershed Plan includes Specially Managed Landscapes (“SML”) that include zones with high mineral potential, where TRTFN will consider respectful, sustainable mineral extraction.
  • Brixton’s Camp Creek and Trapper discoveries are within the SML and Brixton will operate and plan its exploration and development activities and involve all stakeholders in the planning process to ensure we are building resource projects based on best practices.
  • The Company and the TRTFN have engaged in discussions with respect to the Watershed Plan, in which the parties can co-operate to create a mutually beneficial result for all stakeholders involved.

Brixton Metals Drills 30.50m of 0.35% Cobalt Including 10.02m of 0.92% Co and Including 0.5m of 9.01% Co at its Langis Project, Ontario

Retrieved on: 
Tuesday, December 13, 2022
Diamond, Cobalt, Silver, Mineral, TSX Venture Exchange, Innocent dissemination, Metal, Nature, Laboratory, ISO 9001:2008, Hog, AG, News, BBB, NSR, Vein, Gold, NW, Fracture, CU, Huronian Supergroup, Mining, African Metals Corporation, OTCQB, ISO 17025, TSX, Element, National Instrument 43-101, ISO, Timiskaming, Yellowjacket, QAQC, Further, National instrument

Core samples were cut in half, bagged, zip-tied and sent directly to ALS Minerals preparation and analysis facility in Sudbury, Ontario.

Key Points: 
  • Core samples were cut in half, bagged, zip-tied and sent directly to ALS Minerals preparation and analysis facility in Sudbury, Ontario.
  • Samples were analyzed for Ag, Co, Ni and Cu and 44 additional elements using four acid digestion with an ICP-MS finish.
  • Brixton’s wholly owned Langis Project is a past producing mine site that has excellent infrastructure and is located 500km north from Toronto, Ontario, Canada.
  • The Langis Mine produced 10.6Moz of silver at 25 opt Ag and 358,340 pounds of cobalt from 1908 to 1989.

Imperial Reports Third Quarter 2022 Financial Results

Retrieved on: 
Wednesday, November 9, 2022
GLOBE, Liquidity, London Bullion Market Association, Mining, Gold, International Financial Reporting Standards, Copper, Imperial Metals, Capital, African Metals Corporation, Net, News, The Lady in Red (Chris de Burgh song), International, Company, London Metal Exchange, Transport, CDN, Significant event audit, Capital expenditure, TSX, COVID-19, Income, Video game, Aquaculture, Silver

Total revenue increased to $41.7 million in the September 2022 quarter compared to $37.1 million in the 2021 comparative quarter, an increase of $4.6 million.

Key Points: 
  • Total revenue increased to $41.7 million in the September 2022 quarter compared to $37.1 million in the 2021 comparative quarter, an increase of $4.6 million.
  • The London Metals Exchange cash settlement copper price per pound averaged US$3.51 in the September 2022 quarter compared to US$4.25 in the 2021 comparative quarter.
  • In CDN Dollar terms the average copper price in the September 2022 quarter was CDN$4.59 per pound compared to CDN$5.36 per pound in the 2021 comparative quarter, and the average gold price in the September 2022 quarter was CDN$2,258 per ounce compared to CDN$2,254 per ounce in the 2021 comparative quarter.
  • Gold production for the third quarter of 2022 was lower than the second quarter of 2022 due to lower recovery and lower throughput.

Enduro Metals Corporation Invites You to Join Us at the Deutsche Goldmesse in Frankfurt

Retrieved on: 
Monday, November 7, 2022
Company, Heart, Frankfurt, Industry, Gold, FSE, Eskay Creek, Metal, Copper, Nickel, Golden Triangle, African Metals Corporation, SOG, Silver, Galore Creek mine, HNW, North Toe River, Mining, Cobalt, Zinc, Burgundy, Public relations

Frankfurt, Germany--(Newsfile Corp. - November 7, 2022) - Enduro Metals Corporation (TSXV: ENDR) (FSE: SOG) (OTCQB: ENDMF) will be participating in the Deutsche Goldmesse, which will take place on November 18th and 19th at The Westin Grand Frankfurt.

Key Points: 
  • Frankfurt, Germany--(Newsfile Corp. - November 7, 2022) - Enduro Metals Corporation (TSXV: ENDR) (FSE: SOG) (OTCQB: ENDMF) will be participating in the Deutsche Goldmesse, which will take place on November 18th and 19th at The Westin Grand Frankfurt.
  • Members of the Enduro Metals Corporation management will be taking meetings throughout the day, and also present at 2:30 PM CET on November 18th to an audience of European investors.
  • The Deutsche Goldmesse website is continuously being updated concerning attending companies, keynote speakers, agenda, etc.
  • Deutsche Goldmesse is Germany's premier mining investment conference, based out of Frankfurt- one of Europe's most important financial capitals.

Imperial Provides Production and Red Chris Exploration Update

Retrieved on: 
Thursday, October 27, 2022
Mining, Copper, Newcrest Mining, African Metals Corporation, The Lady in Red (Chris de Burgh song), Resource management, TSX, Imperial Metals, Mineral resource estimation, Nature, Gold, GLOBE, Silver, Uranium, Road, Mount Polley

Gold production of 17,513 ounces was lower than the prior period due to lower recovery and lower throughput.

Key Points: 
  • Gold production of 17,513 ounces was lower than the prior period due to lower recovery and lower throughput.
  • Imperials 30% portion of the second quarter production was 5.75 million pounds copper and 5,254 ounces gold.
  • Production at Mount Polley was 2.4 million pounds copper and 5,084 ounces gold for the third quarter.
  • These results demonstrate further support of the upside range of the Exploration Target defined in the June 2022 Newcrest Quarterly Exploration Report dated 21 July 2022.

Equity Metals Corporation, to Webcast Live at Battery & Precious Metals Virtual Investor Conference October 18th  

Retrieved on: 
Monday, October 17, 2022
GLOBE, VIC, African Metals Corporation, Silver Queen, OTCQB, Security (finance), BC

This will be a live, interactive online event where investors are invited to ask the company questions in real-time.

Key Points: 
  • This will be a live, interactive online event where investors are invited to ask the company questions in real-time.
  • If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.
  • Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.
  • Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

Western Metals Corporation Announces Closing of Tender Offer and Merger

Retrieved on: 
Friday, September 9, 2022
Energy, Other Energy, Oil, Gas, LLC, African Metals Corporation, OTC, WTLC, Sub, Company, Security (finance), Parent

Parent then contributed all of the Shares it owned to WMC Merger Sub, Inc. (Merger Sub), a wholly owned subsidiary of Parent.

Key Points: 
  • Parent then contributed all of the Shares it owned to WMC Merger Sub, Inc. (Merger Sub), a wholly owned subsidiary of Parent.
  • The Company will merge with and into Merger Sub, with the Company surviving as a wholly owned subsidiary of Parent.
  • In the merger, Shares that are not owned by Parent or Merger Sub or previously purchased in the tender offer (other than dissenting Shares) will be converted into the right to receive $0.44 per Share in cash.
  • Western Metals Corporation is a California corporation that owns and operates two natural gas wells located in Solano County, California.

Brixton Metals Announces Pacific Bay Minerals Starts Drilling at the Atlin Goldfields Project

Retrieved on: 
Wednesday, September 7, 2022
Geology, Mining, BBB, CEO, Yellowjacket, Cache Creek Terrane, Option, Soil, Hog, Property, Maintenance, Vein, TSX, GLOBE, Gold, African Metals Corporation, Thorn, OTCQB, NW, BC, Atlin

VANCOUVER, British Columbia, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the Company or Brixton) is pleased to announce that its Earn-In partner Pacific Bay Minerals Ltd. (TSXV: PBM or Pacific Bay) has commenced drilling at the Companys Atlin Goldfields Project (the Property) near the town of Atlin in northern British Columbia.

Key Points: 
  • VANCOUVER, British Columbia, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the Company or Brixton) is pleased to announce that its Earn-In partner Pacific Bay Minerals Ltd. (TSXV: PBM or Pacific Bay) has commenced drilling at the Companys Atlin Goldfields Project (the Property) near the town of Atlin in northern British Columbia.
  • Pacific Bay has contracted Diamondhead Drilling to complete a series of drill holes targeting the Yellowjacket high-grade gold vein system.
  • Pacific Bay holds an option to acquire up to a 100% interest in the Property from Brixton Metals Corporation.
  • If Pacific Bay completes the Option and acquires 100% of the Property, Brixton will retain a 2% Net Smelter Royalty, which one percent is purchasable by Pacific Bay for $2,500,000.

Imperial Closes $47 Million Non-Brokered Private Placement of Convertible Debentures

Retrieved on: 
Wednesday, August 31, 2022
Phrase, Imperial Metals, Related, National instrument, MI, Sale, Person, Risk, Private placement, Minority, TSX, GLOBE, The Lady in Red (Chris de Burgh song), Company, News, African Metals Corporation, Terminology, SEDAR, Private, Huckleberry, Mission statement, Review, Forward-looking statement, Imperial, Security (finance), Mount Polley

VANCOUVER, British Columbia, Aug. 31, 2022 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the Company or Imperial) (TSX:III) is pleased to announce that further to its news release dated August 5, 2022, the Company has closed its non-brokered private placement (the Private Placement) of unsecured convertible debentures (the Convertible Debentures) with an aggregate principal amount of $47 million, up from the $45 million previously announced.

Key Points: 
  • VANCOUVER, British Columbia, Aug. 31, 2022 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the Company or Imperial) (TSX:III) is pleased to announce that further to its news release dated August 5, 2022, the Company has closed its non-brokered private placement (the Private Placement) of unsecured convertible debentures (the Convertible Debentures) with an aggregate principal amount of $47 million, up from the $45 million previously announced.
  • Each $3.20 of the principal amount of the Convertible Debentures is convertible into one common share of the Company.
  • A maximum of 14,687,500 common shares will be issued if all of the Convertible Debentures are converted into common shares of the Company.
  • In addition, directors and officers of the Company purchased $2.25 million of the Convertible Debentures.

Brixton Metals Drills 146m of 0.63 g/t Gold including 48m of 1.05 g/t Gold at its Trapper Target on its Thorn Project

Retrieved on: 
Wednesday, August 31, 2022
Mining, ISO, NW, CEO, BBB, NYSE, National instrument, Equilateral triangle, Golden Triangle, QAQC, Hog, ISO 17025, TSX Venture Exchange, Cretaceous, Forward-looking statement, TSX, Mineral, CU, National Instrument 43-101, Metal, Company, Element, ISO 9001:2008, AG, Gold, News, African Metals Corporation, PBM, Thorn, Laboratory, OTCQB, ALS, Nature, Lead

The Trapper Target represents a volcanic and intrusive hosted gold target.

Key Points: 
  • The Trapper Target represents a volcanic and intrusive hosted gold target.
  • The volcanics are Triassic Stuhini Lapilli Tuff and at least two intrusive phases have been identified as diorite and quartz-diorite.
  • Visible gold is recognized in several environments: within base metal-veins-veinlets (sphalerite-galena-pyrite-chalcopyrite); quartz-stockwork, within sulphosalt-pyrite veinlets and disseminated gold in the diorite.
  • In 2021, Brixton completed 15 drill holes between 58-322m depth for a total of 3,107m.