First Energy Metals Ltd. is pleased to announce a non-brokered private placement financing of $500,000, half of which will be comprised of 2,083,333 flow-through shares at a price of $0.12 per share. The other half will be comprised of 2,083,333 units at a price of $0.12 per unit, with each unit consisting of one common share and one-half of one fully transferable share purchase warrant entitling the holder to purchase [...]
First Energy Metals Ltd. is pleased to announce that it has entered into an option agreement to acquire Scramble Mine gold property located in Northwestern Ontario, Canada. Scramble Mine Gold Property Highlights: The Scramble Mine gold property is comprised of six mining claims covering approximately 140 hectares land, located in Jaffray Township, Kenora Mining District, approximately 8 kilometres east of the town of [...]
First Energy Metals Ltd. is pleased to announce that it has developed exploration work plan 2020 for recently acquired Kokanee Creek and Independence gold properties in British Columbia, Canada. The Company has gathered historical geological and exploration information to develop this work plan. The exploration work will be completed in two phases where Phase 1 will include ground prospecting, geological mapping and [...]
First Energy Metals Ltd. is pleased to announce it has closed its final tranche of both the hard dollar unit private placement and flow-through share private placement as noted in the news release dated March 17,2020. As part of the final closing the Company will issue 1,001,000 units at a price of 0.05 cents per unit for gross proceeds of $ 50,050. Each unit consists of one common share and one common share purchase [...]
First Energy Metals Ltd. is pleased to announce it has closed its first tranche of the hard dollar unit private placement previously as per the news release dated March 17,2020. As part of the closing of the tranche the Company will issue 6,999,000 units at a price of 0.05 cents per unit for gross proceeds of $ 349,950. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the [...]
First Energy Metals Ltd. is pleased to announce that it has entered into an option agreement with Geomap Exploration Inc. , a private Corporation registered in British Columbia, Canada, to acquire two gold exploration properties located in the Province of British Columbia, Canada. Pursuant to a property purchase option agreement between the Optionor and the Company, dated March 17, 2020, First Energy holds an option to [...]
First Energy Metals Ltd. is pleased to announce that it has entered into a non-binding Letter of Intent with 1232963 BC LTD a private corporation incorporated in British Columbia, whereby the Company will have the option to acquire up to 75% of the Thunder Mountain gold-silver project located in Nye County, Nevada. Transaction Details: Year 1: Cash payment of $ 20,000 USD within 15 days of CSE and any other regulatory [...]
First Energy Metals Ltd. would like to announce it has terminated its option agreement on the Russel Graphite property located in Gatineau area of Quebec and will be returning the property back to the vendor. Management decision to discontinue the option was based on its desire to focus its efforts on 100% optioned Phyllis Cobalt property in Ontario and with that being said, will continue to work towards furthering its [...]
First Energy Metals Ltd. is pleased to announce that Mr. Jason Grewal has been appointed to its Board. In addition, the Company would like to announce a non-brokered private placement of up to 10,000,000 units of the Company for gross proceeds of $ 1,500,000 at a price of 0.15 cents per share. Each unit is comprised of one common share of the Company and one common share purchase warrant of the Company . Each Warrant [...]
First Energy Metals Ltd. is pleased to announce that it has entered into a binding Letter of Intent with Muzhu Mining Ltd. a private corporation incorporated in British Columbia, to acquire all of its issued and outstanding shares , subject to the following conditions being met: Completion of a 43-101compliant report on the Xiao Wa Gou Property. Completion of a debt or equity financing, of which terms will be announced in [...]
First Energy Metals Ltd. is pleased to announce that it has entered a non-binding Letter of Intent with Muzhu Mining Ltd. a private corporation incorporated in British Columbia, to acquire all of its issued and outstanding shares. . Transaction Details: FE will issue 9,000,000 common shares which may be subject to escrow provisions pursuant to CSE policy. From the date of signing the LOI both parties will be entitled up [...]
First Energy Metals Ltd. is pleased to announce a non-brokered private placement for gross proceeds of up to $150,000 from the sale of up to 1,000,000 units at a price of 15 cents per unit. Each unit will consist of one common share with no warrants. The proposed private placement is subject to CSE approval in addition to compliance with applicable securities law and receipt of all final regulatory approval. All shares [...]