Transition Metals Corp.

Transition Metals Corp. reports that the Company has closed its transaction with Nova Royalties Corp. as disclosed in the news release dated September 8, 2020. On closing the Company received a total of $1,072,500 in cash and 525,000 shares of Nova. Transition President and CEO Scott McLean, P.Geo. commented, "I would like to thank our team and Nova, CP Consulting and Osler, Hoskin & Harcourt LLP for their role in [...]

Transition Metals Corp. reports that the Company has entered into an agreement to sell a portion of its portfolio of royalties to Nova Royalties Corp. for $1,072,500 in cash and 525,000 shares of Nova. In addition, the agreement includes a potential $2.0 million in additional milestone payments. The sale of royalties to Nova includes: One half of the Company's 2.5% net smelter return royalty on the Dundonald project ; One [...]

Transition Metals Corp. has completed a helicopter-supported, tree-top, bio-geochemical survey over its 100% owned, 150 square kilometre Wollaston Copper Project located approximately 60 kilometres southwest of the Rio Tinto Exploration Canada and Forum Energy Metal's Janice Lake project in north central Saskatchewan . The survey work included the collection of more than 600 bio-geochem samples on 500 metre design [...]

Transition Metals Corp. is pleased to announce that its investment in Sudbury Platinum Corporation has been enhanced through the completion of a private placement by SPC Metals and the development of an strategic relationship with Dundee Goodman Merchant Partners . SPC announced that it has completed a private placement totaling $2,174,000 consisting of 9,837,500 common shares at a price of $0.16 per share, for proceeds [...]

Transition Metals Corp. reports that it has initiated field work on the Wollaston Copper project in north central Saskatchewan. The project is located approximately 60 kilometres southwest along strike from the Janice Lake project, a sedimentary-hosted copper project being aggressively explored by Rio Tinto Exploration Canada and Forum Energy Metals . Forum optioned the Janice Lake property from Transition and has further [...]

Transition Metals Corp. , a Canadian-based multi-commodity project generator with a growing project portfolio, announces that it has executed an arms length Option and Joint Venture Agreement with 1930153 ON Ltd. whereby 1930153 ON can earn up to an 100% interest in the Fostung Property located 8 kilometres southeast of Espanola, Ontario . To earn a 50% interest, 1930153 ON must provide option payments totalling $110,000 [...]

Transition Metals Corp. is pleased to announce that it has closed its previously announced non-brokered private placement. The private placement was over-subscribed with a total of 7,910,331 units at a price of $0.15 per Unit, for proceeds of $1,186,549.65 and 1,061,188 flow-through common shares at a price of $0.18 per FT Share, for proceeds of $191,013.84 . Units consist of a common share and a common share purchase [...]

Transition Metals Corp. is pleased to announce that it intends to raise up to an aggregate of $1,200,000 by way of a non brokered private placement financing consisting of up to 5,000,000 units at a price of $0.15 per Unit, for proceeds of up to $750,000 and up to 2,500,000 flow-through common shares at a price of $0.18 per FT Share, for proceeds of up to $450,000 . Each Unit will consist of one common share of the [...]

Transition Metals Corp. is pleased to announce that option partner Forum Energy Metals together with Rio Tinto Exploration have announced plans to complete an extensive summer exploration program at Janice Lake, Saskatchewan. This work will include a 2,000 metre reconnaissance diamond drill program to test targets on known mineralized zones, systematic mapping and prospecting across the 52 kilometre strike extent of the [...]

Transition Metals Corp. reports that the Company and partners of the IOCG Joint Venture property have entered into a revised agreement to option the property from the vendors. The original agreement dated November 28, 2019 has been terminated. Under the revised agreement, Transition has the right to earn a 100% interest in the Aylmer IOCG2 property by making aggregate cash payments of $102,000; issuing an aggregate total [...]