Highlights: XXIX met with Chapais citizens and Chapais City Council on October 21 and 22 as part of its voluntary pre-consultation process. Opemiska is a transformative project for Chapais and the region, with estimated investments of over C$3.5 billion over ~20 years. XXIX to continue with open dialogue and citizen engagement with upcoming thematic workshops, regular newsletters, and the creation of a monitoring [...]
Highlights: Total payable copper across Opemiska 17 year mine life: 715 million pounds of copper 409 thousand ounces of gold 2.08 million ounces of silver Robust after-tax base case economics: C$505M after-tax NPV8% 27.2% after-tax IRR Rapid payback: 2.3-year Base Case payback of C$617M initial capital resulting from upfront high-grading. Potential High-grade annual recovered payable production across the first six years [...]
Highlights: 6,000-metre drill program primarily focused on the Cooke Gold Zone to commence October 2025. Cooke, a former Falconbridge gold mine, produced 1.97 Mt @ 5.04 g/t Au and 0.66% Cu1. Cooke is 3km from current pit constrained resource, and not included in the current resource. Up to 250 metres of intact crown pillar provide potential for high-grade, near-surface gold. First systematic drill program at Cooke since [...]
XXIX sold its interest in the Roger Project to Kintavar for a 19.9% in the company. XXIX now owns 42,750,000 shares of Kintavar without incurring any dilution. Kintavar is a well-financed company, with new leadership and a new strategy focused on Roger. XXIX Metal Corp.. is pleased to announce that it has closed its previously announced acquisition of 19.9% of Kintavar Exploration Inc. through an asset purchase [...]
Highlights: 15,000-metre drill program at K1 scheduled for Winter 2025 5,000-metre drill program at Cooke planned for Fall 2025. Preliminary Economic Assessment for Opemiska targeted for October 2025, led by Ausenco, the first economic study since the mine's closure in 1991. XXIX is funded for 2025/2026 exploration following the recently closed $6M financing. XXIX Metal Corp.. is pleased to announce its fully-funded [...]
XXIX Metal Corp. is pleased to announce that it has closed its previously announced "best efforts" private placement offering . The Offering was led by Beacon Securities Limited as lead agent and bookrunner, on behalf of a syndicate of agents including Canaccord Genuity Corp., SCP Resource Finance LP, and Haywood Securities Inc. . Pursuant to the Offering, the Company issued 24,800,000 Ontario charity flow-through units [...]
XXIX Metal Corp. is pleased to announce that it has entered into an agreement with Beacon Securities Limited to act as lead agent and bookrunner, on behalf of a syndicate of agents to be formed , in connection with a "best efforts" private placement offering of up to 24,800,000 Ontario charity flow-through units at a price of $0.121 per Ontario FT Unit and up to 22,730,000 Québec charity flow-through units at a price of [...]
Highlights: Large, robust open pit resource optimized for high-quality PEA in the near-term. Opemiska is one of the highest-grade open pitable copper projects in Canada. Pit Constrained resource is now 1.4 billion pounds CuEq + 709 million pounds CuEq , and within a reduced surface footprint. Total resource of 1.7 billion pounds CuEq , + 746 million pounds CuEq . Significantly lower strip ratio as a result of [...]
Highlights: Large, robust open pit resource optimized for high-quality PEA in the near-term. Opemiska is one of the highest-grade open pitable copper projects in Canada. Pit Constrained resource is now 1,438 Mlbs CuEq + 709 Mlbs CuEq , and within a reduced surface footprint. Significantly lower strip ratio as a result of incorporating lower grade stockwork and drilling at the Saddle Zone. What was previously considered [...]
Highlights: XXIX defines robust cylindrical body of mineralization extending over 80 metres at Saddle zone. Notable intersections including 1.21% CuEq over 9.9 metres; 0.62% CuEq over 12.0 metres. Will deepen the existing pit shell in the Saddle Zone area. Mineralization is continuous across 140 metres of strike length and reaching up to 190 metres in vertical depth. Updated Mineral Resource Estimate for Opemiska is [...]
XXIX and Orecap to sell 100% of the Roger Project to Kintavar in an all-share deal XXIX to own 19.9% of Kintavar without incurring any dilution - no new XXIX shares will be issued XXIX to transfer existing option to acquire remaining 50% interest in Roger to Orecap Kintavar is a well financed company able to focus on Roger, and gold exploration and development in eastern Chibougamau XXIX Metal Corp.. is pleased to [...]
Highlights: Guy Le Bel has been appointed CEO, succeeding Stephen Stewart who will remain Chair of the Board and Advisor. Le Bel brings over 30 years of experience in mine development, business development, and corporate strategy with senior leadership roles at major mining companies including Capstone Mining and Quadra FNX Mining Denis McNichols has been promoted to Vice President of Exploration, succeeding Charles [...]