Canadian Metals Inc. is pleased to report the discovery of Visible Gold and new mineralized occurrences, along the fertile NE-SW Benjamin Rhyolite trend while mapping and prospecting. In addition, both geophysical surveys "Helicopter Borne Magnetic and Time Domain Electromagnetic" and "Induced Polarization " surveys have been completed and interpretation and target identification are in progress on its GoldStrike Property [...]
Canadian Metals Inc. is pleased to announce that it has completed a non-brokered private placement , pursuant to which it has issued 1,950,000 units of the Corporation at a price of $0.10 per Unit and 1,247,300 common shares of the Corporation , issued on a flow-through basis, at a price of $0.13 per Share, for total cumulative gross proceeds of $357,149. Each Unit being comprised of one Share and one-half of one Share [...]
Canadian Metals Inc. is pleased to announce that it has acquired block 8874 adjoining the new LG discovery at its Gold Strike Project pursuant to an arm's length property acquisition agreement. Pursuant to the Agreement, the Corporation paid $35,000 in cash and issued 500,000 common shares of the Corporation. The shares issued pursuant to the Agreement will be subject to a four-month hold period ending September 3, 2022 [...]
Canadian Metals Inc. is pleased to announce that it has granted a total of 1,700,000 incentive stock options to CME's directors and officers under the Stock Option Plan of the Corporation. The options, subject to the terms of the Plan, are exercisable at a price of CAD $0.20 per share for a period of five years. About Canadian Metals Inc. Canadian Metals is a diversified resource company focused on creating shareholder [...]
Canadian Metals Inc. is pleased to report final assays from its 2021 exploration campaign with the release of the highest gold grade samples reported to date by the Company with selected grab samples* of 455.0 g/t Au, 85.6 g/t Au 76.9 g/t Au, 63.6 g/t Au, 36.9 g/t Au, 15.4 g/t Au, 14.8 g/t Au at Goldstrike Property from the new LG Discovery Zone. OTHER HIGHLIGHTS: The LG Discovery Zone is open in all directions. The [...]
Canadian Metals Inc. is pleased to report it has engaged Prospectair Geosurveys for a detailed helicopter-borne magnetic and time-domain electromagnetic survey on the Nicholas-Denys property, covering over 12,000 ha. The property has more than 100 known mineralized zones and benefits from historic drill results in certain areas which resulted in high silver equivalents. The survey and the historical data will assist in [...]
Canadian Metals is pleased to announce that it has closed its previously announced arrangement pursuant to an arrangement agreement dated June 17, 2021 between the Corporation and QNB Metals Inc. Pursuant to the Arrangement, the Corporation spun out its Lac Chesnaye property located in Québec to Spinco in exchange for the issuance of 4,299,961 Class A common shares of Spinco to the Corporation. In accordance with the [...]
Canadian Metals Inc. is pleased to report results of surface prospecting over the Ann's Creek block which is part of the overall Nicolas-Denys property, covering over 12'000 ha. The project is located in north-eastern New Brunswick, approximately 25 km northeast of the City of Bathurst and contains 117 claims units for a total surface of 2340 hectares, Figure 1. Results highlight the presence of high-grade silver, gold [...]
Canadian Metals is pleased to announce that Arnab De has been appointed as the new Chief Financial Officer of CME and QNB Metals Inc., replacing Patsie Ducharme who has stepped down as the CFO but remains as consultant. Mr. De, CPA, CGMA, CMA, MBA, is a seasoned mining executive with nearly 20 years' experience in financial management, mine financial planning, business optimization and strategy development. He is the [...]
Canadian Metals Inc. is pleased to announce that its previously announced acquisition of all of the outstanding common shares of Targets Minerals Inc. and its previously announced plan of arrangement have been approved by the Corporation's shareholders at an annual general and special meeting of the shareholders of CME held July 27, 2021. At the Meeting, shareholders of CME also approved other matters, namely [...]
Canadian Metals, further to its news release dated May 20, 2021, is please to provide an update on its proposed spin-out of its Lac La Chesnaye property. On June 17, 2021, the Corporation entered into an arrangement agreement with its wholly-owned subsidiary QNB Metals Inc. The Arrangement Agreement, a copy of which will be available under the Corporation's profile on SEDAR, sets out the terms on which the Corporation [...]
Canadian Metals is pleased to announce that its Board of Directors has approved a strategic restructuring of the Corporation's assets pursuant to which CME would spin off its existing Lac Chesnaye property, into a separate entity. It is proposed that the transaction will be carried out by way of statutory plan of arrangement pursuant to the Business Corporations Act. Through the Spin-Out, shareholders of the Corporation [...]
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