XXIX Metal Corp.. is pleased to report that it has filed the independent Preliminary Economic Assessment technical report for its 100%-owned Opemiska Project in Chapais, Quebec. Highlights Include: 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 [...]
Highlights: Six of 23 planned holes completed at Cooke, with wide copper-bearing intervals of 12 to 48 metres including visible and native gold in two holes. Gold-bearing zones appear consistent with potential open-pit development concepts. Drilling is outside of any defined current gold or copper resources. Second drill rig mobilizing to accelerate the program. XXIX Metal Corp.. is pleased to provide an update on [...]
XXIX Metal Corp.. is pleased to announce that Guy Le Bel, CEO of XXIX Metal Corp. has been appointed to the Company's Board of Directors, effective immediately. "We are pleased to welcome Guy to XXIX's board of directors. His contributions to date have been critical in successfully progressing the Company's Opemiska project, from an updated resource estimate June 2025 to the successful completion of a robust [...]
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 [...]
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