Rackla Metals Inc. is pleased to announce that it has obtained a Type A Land Use Permit from the Sahtu Land and Water Board, supporting the maiden drill program at its Grad Project located within the Tombstone Gold Belt in the Northwest Territories. The Grad Project is now fully permitted and fully funded for the upcoming 2025 exploration season. The five-year permit, with a potential for a two-year extension, allows [...]
Rackla Metals is pleased to report that it has closed its previously announced non-brokered private placement financing, raising total gross proceeds of $2,994,150. The Company has issued 10,640,000 charity flow-through units at a price of $0.21 each for proceeds of $2,234,000, and issued 5,605,002 hard-dollar units at a price of $0.15 each for proceeds of $759,750. Each unit consists of one common share of the Company [...]
Rackla Metals is pleased to announce the appointment of Tom Garagan to its Board of Directors. Mr. Garagan is a geologist with a Bachelor of Science degree in geology from the University of Ottawa and over 40 years of experience working in North and South America, East and West Africa and Russia. He is a founder of B2Gold Corp. and recently retired after serving as Senior Vice President, Exploration of B2Gold since 2007 [...]
Rackla Metal is pleased to announce that it has increased its previously announced non-brokered private placement. The Offering will now raise total gross proceeds of up to $2,994,150. The Offering will consist of a $2,234,400 charity flow-through unit offering at a price of $0.21 per unit, and a $759,750 hard-dollar unit offering at a price of $0.15 per unit. Each unit will consist of one common share of the Company and [...]
Rackla Metals is pleased to announce that it proposes to complete a non-brokered private placement financing to raise total gross proceeds of up to $2.45 million. The Offering will consist of a $2.1 million charity flow-through unit offering at a price of $0.21 per unit, and a $350,000 hard-dollar unit offering at a price of $0.15 per unit. Each unit will consist of one common share of the Company and one-half of a [...]
Rackla Metals is pleased to provide an update on the exploration plans for the Grad Property in the Northwest Territories. The Grad Property is located in the eastern portion of the Tombstone Gold Belt and was staked in July of 2024 when the land came open following more than a decade of land use planning. Prior to Rackla staking the claims there was no history of exploration on the intrusion at the core of the Property [...]
Rackla Metals is pleased to announce the closing of its previously announced private placement financing, raising hard-cash proceeds of $1.2 million through the issuance of 10 million common shares at a price of $0.12 each to a single investor, Mr. Alejandro E. Gubbins Cox. The financing proceeds have been added to the Company's present working capital. Management proposes to use its working capital for conducting [...]
Rackla Metals Inc. announces that Alejandro E. Gubbins Cox has acquired on the TSX Venture Exchange 428,667 common shares of Rackla Metals Inc. at a total cost of $40,530. Prior to the acquisition, he owned 9,750,333 Shares of the Issuer, representing 9.9% of the Issuer's issued Shares, and warrants to purchase up to 8,333,333 Shares of the Issuer. Following the acquisition, Mr. Gubbins Cox owned 10,179,000 Shares [...]
Rackla Metals Inc. is pleased to announce that it proposes to complete a non-brokered private placement to raise proceeds of $1.2 million . The Offering will be a hard-dollar shares-only financing at a price of $0.12 per share, a significant premium to the present share price. The Offering is being subscribed by one investor, Mr. Alejandro Gubbins Cox, who presently owns approximately 9.9% of the issued shares of the [...]
Rackla Metals Inc. is pleased to provide the season-end results of the exploration program on the Grad Property in the Northwest Territories . The Grad Property was staked in July of this year following an initial prospecting program that identified prospective geology, alteration and mineralization. The 2024 program consisted of prospecting, rock, stream sediment and talus-fine sampling, an airborne geophysical survey [...]
Vancouver, September 10, 2024 - Rackla Metals Inc. is pleased to announce the results from continuous chip-channel sampling at the Grad Property in the Northwest Territories . The channel sampling program was initiated to follow-up on the discovery of Reduced Intrusion-Related Gold System style mineralization discovered late this summer that returned 92.4 g/t Au in a grab sample while staking the property . Following the [...]
Rackla Metals Inc. is pleased to announce that it has staked the Grad Property in the Northwest Territories and initial sampling on the new claims has returned grades up to 92.4 g/t Au. Rackla staked the 4,000 hectare Grad Property within the Tombstone Gold Belt in the NWT centered on anomalous government regional geochemical survey stream sediment samples in a region that has experienced minimal historical exploration [...]