BTU Metals Corp.

BTU Metals Corp. is pleased to announce a non-brokered private placement for aggregate proceeds of $2,062,500 consisting of 7,500,000 flow-through units at a price of $0.275 per unit. Each flow-through unit shall be comprised of one common share of the company issued on a flow-through basis and one-half of one common share purchase warrant to be issued on a non-flow-through basis. Each whole warrant shall entitle the [...]

BTU Metals Corp. today announced it has obtained eligibility with The Depository Trust Company and Continuous Net Settlement in the United States, increasing access for U.S. investors for its common shares. DTC is a subsidiary of the Depository Trust & Clearing Corp., a U.S. company that manages the electronic clearing and settlement of publicly traded companies. DTC eligibility permits BTU's shares to be distributed [...]

BTU Metals Corp. has commenced an induced polarization - resistivity survey program to help refine drill targets at its flagship Dixie Halo property. The current IP survey program is focused on an area of the property along the south-west to north-east geological and structural trend that mirrors some of the rock sequences on the Great Bear 'LP' area and where the Company announced high gold in till results on August 10 [...]

BTU Metals provides an update on the first batch of results from the ongoing 2020 gold in till sampling program at its flagship Dixie Halo property that shares a 35-kilometre border with Great Bear Resources Ltd.'s Dixie property. The current sampling program has been focused on an 8-kilometre long by 5-kilometre wide portion of the property along the south-west to north-east geological and structural trend that mirrors [...]

Highlights Initial AI data analysis completed on 67 square kilometres of the Dixie Halo property yield 35 new high priority gold target areas that warrant follow-up evaluation Property covers nearly 200 square kilometres and is largely overburden covered and only sparsely explored in most areas to date. Additional data processing and AI investigations are continuing for the areas not yet completed Site visits are underway [...]

Highlights BTU hole 42 at TNT encountered a conductive zone of sulphide mineralization over 300+ meters including pyrite and intermittent disseminated chalcopyrite , no visual massive sulfides. BTU engages industry leading Volcanogenic Massive Sulphide deposit expert Prof. Harold Gibson to evaluate the potential of the TNT area. Drilling in the TNT area is now paused and will resume subsequent to the review and his [...]

BTU Metals is pleased to announce that further to its press releases dated June 8th, 2020 the Company has closed the non-brokered private placement. The Company issued 2.6 million common share units at a price of $0.20 per Unit for aggregate gross proceeds of $520,000. Each Unit consists of one common share and one-half warrant. Each full warrant entitles the subscriber to purchase one common share of the Company at a [...]

BTU Metals announces it has arranged a non-brokered private placement, subject to the approval of the TSX Venture Exchange, for aggregate gross proceeds of $520,000. The fully subscribed placement will consist of 2.6 million Units comprised of one common share and one -half transferable Share purchase warrant of the Company. Each full Warrant will entitle the Subscriber to purchase one Warrant Share for a 36-month period [...]

BTU Metals announces that drilling has now commenced on targets in the TNT area of the Dixie Halo project. As discussed in a previous release various Time Domain Electromagnetic targets outlined in the two phases of recent TDEM survey work will be drill tested, with the first hole designed to intersect a conductive target at a depth of at least 500m as the interpreted top of the conductive body is thought to be at a depth [...]

BTU Metals has re-mobilized its drill crew to the TNT target area on its Dixie Halo property, 25km southeast of Red Lake, Ontario. Additional exploration field operations are re-commencing as the Company explores for gold across its 200km2 property that shares a >35km common boundary with Great Bear Resources Ltd.. BTU is beginning the next phase of drilling operations at its TNT target area where the Company is actively [...]