Discovery Metals Corp. announces that it has divested its 100% interest in the Congress Property , located in British Columbia, to Talisker Resources Ltd. . Under the terms of the purchase agreement, Talisker will issue 1,000,000 common shares to Discovery in return for 100% ownership of Congress. The common shares are subject to a four month hold period pursuant to applicable securities laws and further subject to [...]
Discovery Metals Corp. is pleased to announce results from ten diamond drill holes completed at its flagship Cordero project located in Chihuahua State, Mexico. The holes are part of a 30,000-35,000 metre Phase 1 drill program that commenced in September 2019. The goal of this program is to define a high-margin project with scale that retains excellent leverage to rising metal prices. As previously announced on March 31 [...]
Discovery Metals Corp. announces that it has temporarily suspended all exploration activities at its Mexican operations due to the increased health and safety risks associated with the growing number of COVID-19 cases in the country. The Company has put in place business continuity plans so that exploration activity can quickly ramp up once it is deemed safe to do so. The decision to suspend exploration activity is also [...]
Discovery Metals Corp. announces that it has begun implementing business continuity plans and procedures at its Mexican operations and corporate office in Toronto in response to developing concerns around COVID-19. Taj Singh, President and CEO, states: “Ensuring the health and safety of our workforce is Discovery’s highest priority. There have not been any confirmed or suspected cases of COVID-19 at any of our [...]
Discovery Metals Corp. is pleased to announce it has been named to the TSX Venture Exchange’s 2020 Venture 50™ . The Venture 50 award goes to the top 10 companies listed on the TSX Venture Exchange in each of five major industry sectors. The ranking formula is based on three equally weighted criteria: 1) year-over-year share price appreciation; 2) growth in market capitalization and; 3) trading volume growth [...]
Discovery Metals Corp. is pleased to announce results from the second set of diamond drill holes completed at its flagship Cordero project located in Chihuahua State, Mexico. Discovery acquired Cordero through the acquisition of Levon Resources Ltd. in August 2019. The holes are part of the previously announced 30,000-35,000 metre , Phase 1 drill program planned for completion in 2020. The focus of this program is to [...]
Discovery Metals Corp. is pleased to announce results from the first four diamond drill holes completed at its flagship Cordero project located in Chihuahua State, Mexico. Discovery acquired Cordero through the acquisition of Levon Resources Ltd. in August 2019. The results released here are part of a 30,000-35,000m Phase 1 drill program that Discovery plans to complete in 2020. The focus of Phase 1 is to: delineate [...]
Discovery Metals Corp. is pleased to announce the appointment of Mr. Forbes Gemmell as Vice President of Corporate Development and Investor Relations, effective January 6, 2020. Taj Singh, President and CEO, states, “We are very excited to welcome Forbes to the management team at Discovery. His capital markets background in conjunction with his corporate experience in exploration and project development will be key [...]
Discovery Metals Corp. is pleased to announce that at a special meeting of the Company’s shareholders on December 11, 2019, Discovery’s shareholders passed a resolution approving 2176423 Ontario Ltd., a corporation beneficially owned by Mr. Eric Sprott, to become a “Control Person” as defined in the policies of the TSX Venture Exchange of Discovery. As a result, 3,311,111 subscription receipts of [...]
Discovery Metals Corp. is pleased to announce its financial and operating results for the three and nine months ended September 30, 2019. All amounts are presented in Canadian dollars unless otherwise stated. Discovery is focused on advancing a portfolio of silver projects in historic mining districts in northern Mexico, including the Cordero project in Chihuahua state, and the Puerto Rico, Minerva and Monclova projects [...]
OTCQX® Best Market in the United States under the symbol DSVMF, effective today. Taj Singh, President and CEO of Discovery states: “We are pleased to join the OTCQX Market. Our current and future investors will benefit from a stronger and more efficient platform to trade within the U.S. that also provides us with significant additional market exposure.” Investors can find current financial disclosure and [...]
Discovery Metals Corp. is pleased to announce that it has closed its non-brokered private placement of 38,911,108 common shares at a price of $0.45 per Common Share and 3,311,111 subscription receipts at a price of $0.45 per Subscription Receipt, for aggregate proceeds of $19,000,000. Announced on October 10, 2019, the Private Placement was oversubscribed due to investor demand. Proceeds from the Subscription Receipts [...]
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