Conic Metals Corp. is pleased to announce that it has added C$6.9 million of cash to its balance sheet by, after approval of its independent board members, monetizing the 3.98 million shares that the Company owned in Giga Metals Corp. “Conic has significantly improved its balance sheet with the execution of this sale,” stated Justin Cochrane, Conic’s President & CEO. “We continue to hold a 2.0% NSR royalty on Giga’s [...]
Conic Metals Corp. is pleased to announce that it has received an updated mineral resource and reserve report prepared in accordance with the JORC Code on the Ramu Nickel-Cobalt operation from project operator, China Metallurgical Group Corporation , prepared by Sinomine Resource Group Co. Ltd. . “We are pleased to see that ongoing drilling activities in 2019 have increased resources by almost 50% to 145 million tonnes [...]
Conic Metals Corp. is pleased to provide operating results for the quarter ending June 30, 2020 of the Company’s largest asset, being the Ramu Nickel-Cobalt integrated operation in Papua New Guinea. Conic currently holds an 8.56% joint-venture interest in the Ramu operation. Ramu is operated by the Metallurgical Corporation of China which, along with its partners, owns an 85.0% interest in Ramu. “Despite the impact of the [...]
Conic Metals Corp. is pleased to provide an update on its royalty portfolio and remind investors that it has tremendous exposure to the types of nickel mines that Tesla’s Chief Executive Officer, Elon Musk, is looking for. Elon Musk, Tesla’s CEO, stated on their recent quarterly conference call that “Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally [...]
Conic Metals Corp. is pleased to provide operating costs for the quarter ending March 31, 2020 of the Company’s largest asset, being the Ramu Nickel-Cobalt integrated operation in Papua New Guinea . Conic currently holds an 8.56% joint-venture interest in the Ramu operation. Ramu is operated by the Metallurgical Corporation of China which, along with its partners, owns an 85.0% interest in Ramu. “Ramu’s operating costs [...]
Conic Metals Corp. today provided an update on timing of the release and filing of its financial results for the period ended March 31, 2020. In response to the ongoing global COVID-19 pandemic, the Canadian Securities Administrators have recently announced temporary blanket relief allowing market participants an additional 45 days in which to complete certain regulatory filings required to be made on or before June 1 [...]
Conic Metals Corp. today provided an update on timing of the release and filing of its financial results for the period ended December 31, 2019. In response to the ongoing global COVID-19 pandemic, the Canadian Securities Administrators have recently announced temporary blanket relief allowing market participants an additional 45 days in which to complete certain regulatory filings required to be made on or before June 1 [...]
Conic Metals Corp. is pleased to provide operating results for the quarter ending March 31, 2020 of the Company's largest asset, being the Ramu Nickel-Cobalt integrated operation in Papua New Guinea. Conic currently holds an 8.56% joint-venture interest in the Ramu operation. Ramu is operated by the Metallurgical Corporation of China which, along with its partners, owns an 85.0% interest in Ramu. "Ramu's Q1 production was [...]
Conic Metals Corp. is providing an operational update on the impact of the Covid-19 pandemic and the response plan at the Ramu Nickel-Cobalt integrated operation in Papua New Guinea. Conic currently holds an 8.56% joint-venture interest in the Ramu operation which is operated by the Metallurgical Corporation of China. To safeguard the health and wellbeing of all PNG citizens and employees at Ramu, MCC has initiated a [...]
Conic Metals Corp. is pleased to provide its first summary of the operating performance of the Company's largest asset, being the Ramu Nickel-Cobalt integrated operation in Papua New Guinea, which management believes is one of the largest and most ambitious mining and processing projects to have been successfully brought into production in PNG during the past decade. Conic currently holds an 8.56% joint-venture interest [...]
Conic Metals Corp. confirms that the Company has become aware of a writ of summons and statement of claim commenced in Papua New Guinea on February 5, 2020 against Ramu Nico Management Limited. The writ of summons and statement of claim was filed on behalf of the Madang Provincial Government and certain local landowners, which contains certain allegations regarding the environmental impact of operations at the Ramu [...]
Conic Metals Corp. announced today that it will begin an initiative that aims to obtain an ESG rating for the Company and the appointment of Ms. Candace MacGibbon to the board of directors of the Company, effective immediately. Environmental, social, and governance are the three primary components of measuring the sustainability and ethical impact of an investment. The lack of information on the environmental and social [...]