CMC Metals Ltd. is pleased to announce that it has received all required permits for its Terra Nova Property in central Newfoundland and as the exploration operator for its option partner Highbank Resources Ltd. will now be commencing field activities. Field crews are being mobilized to the Terra Nova property which consists of 71 claims located 30 kilometers northwest of Port Blandford in central Newfoundland. Access is [...]
CMC Metals Ltd. is pleased to announce that new exploration efforts including a pilot Induced Polarization Survey and additional soil geochemical surveys are planned for its polymetallic-gold property at its Bridal Veil Property in Central Newfoundland. A small induced-polarization pilot grid of approximately 7.5 line kilometers will be conducted in an area of exploration interest covering where previous ground [...]
CMC Metals Ltd. is pleased to announce the commencement of an initiative to develop Company policies and a manual relating to environmental, social and governance issues. John Bossio, Chairman notes, "This initiative is a great first step in addressing our collective will to ensure our corporate philosophy and operational plans serve to mitigate and adapt project impacts on the environment, climate change, local [...]
CMC Metals Ltd. is pleased to announce that an additional ground magnetometer survey will be completed on the northern half of its Rodney Pond Property, Central Newfoundland . Preliminary exploration efforts at Rodney Pond have identified a large area of exploration interest with the nature of mineralization and alteration on the property suggestive of porphyritic style setting. The mineralization in Rodney Pond comprises [...]
CMC Metals Ltd. is pleased to announce that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company in the United States. The Company's shares trade on the OTCQB under the symbol CMCXF. The DTC is a subsidiary of the Depository Trust & Clearing Corp. that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be [...]
- CMC Metals Ltd. has oversubscribed its private placement announced September 6th 2022 by raising gross proceeds of $1,412,660.02, subject to TSX Venture Exchange approval. On receipt of the TSX Venture Exchange approval, the company will issue 4,975,889 flow-through units at $0.18 and 3,231,250 non-flow-through units at $0.16 Each FT unit consists of one flow-through common share of the company and one half of one [...]
CMC Metals Ltd. has filed for approval to close the first tranche of the financing for aggregate gross proceeds of $726,659.98, subject to TSX Venture Exchange approval. On receipt of the TSX Venture Exchange approval to close this first tranche, the company will issue 1,815,758 flow-through units at 18-cent and 2,575,000 non-flow-through units at 16-cent. Each FT unit consists of one flow-through common share of the [...]
CMC Metals Ltd. announces that, subject to regulatory approval, it has engaged the services of Independent Trading Group to provide market-making services in accordance with TSX Venture Exchange policies. ITG will trade shares of the Company on the TSX-V and all other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the Company's common shares. Under the agreement, ITG [...]
CMC Metals Ltd. is pleased to announce the terms to its proposed non-brokered private placement. The proposed terms are to sell flow-through units of the Company at a price of C$0.18 per FT Unit and non-flow-through units of the Company at a price of C$0.16 per Unit for aggregate gross proceeds of up to C$1,250,000 . Red Cloud Securities Inc. will be acting as finder on behalf of the Company in relation to the Offering [...]
CMC Metals Ltd. is pleased to announce that the current drilling program has intersected carbonate replacement style mineralization in a 500 by 900-meter area at its flagship Silver Hart Property. The ongoing drilling program was focussed on identifying CRD style mineralization at Silver Hart with the objective of identifying as potential higher tonnage mineralizing system as compared to the potential resource within the [...]
CMC Metals is pleased to announce that its common shares have been approved for trading on the OTCQB Venture Market, operated by the OTC Markets Group. The Company will commence trading on the OTCQB at the open of market August 11th, 2022, under the current symbol "CMCXF". The Company's common shares will also continue to trade on the TSX Venture Exchange under the symbol "CMB". Kevin Brewer, President and Chief Executive [...]
CMC Metals Ltd. is pleased to announce encouraging results from the gravity survey on our Silverknife Property. The gravity survey was recently completed by McKeown Exploration Services, a specialist in gravity surveys, and results interpreted by Dr. Chris Hale and Mr. John Gilliatt of Intelligent Exploration who are the Company's geophysical consultants. Approximately 15.4 line-kilometers of gravity survey were completed [...]