Abitibi Metals Corp.

Abitibi Metals has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on bought deal basis 12,500,000 Charity Flow-Through Common Shares, at a price of C$0.55 per Charity Flow-Through Common Share and 12,500,000 Common Shares, at a price of C$0.28 per Common Share, for total gross proceeds of approximately C$10 [...]

Highlights: Expansional results from key target areas at the B26 Deposit: Hole 1274-24-359 - Over 32 m of more than 2% CuEq across multiple intervals including: 2.0% CuEq over 16.5 m, beginning at 326m depth, 3.3% CuEq over 6.85 m, beginning at 381.15m depth, and 2.14% CuEq over 7.2 m, beginning at 476.4m Hole 1274-24-360 - 1.94% CuEq over 29 m beginning at 262 m depth, including 8.08% CuEq over 2.9 metres beginning at [...]

Abitibi Metals is pleased to announce that it has satisfied its obligations under the property option agreement entered into with Wallbridge Mining Company Ltd. on February 26, 2021, and has earned 100% right, title and interest in the Beschefer Property, an advanced gold exploration property consisting of 7 claims and covering approximately 962 acres and located in the Northern Abitibi Greenstone Belt in Quebec [...]

Highlights: Abitibi Metals Appoints Industry Veteran as VP Exploration - Mr. Louis Gariépy, P.Eng., joins the team with over 30 years of international mining experience. Key Leadership Addition - Mr. Gariepy played a pivotal role as VP Exploration at O3 Mining, which was acquired by Agnico Eagle Mines for nearly CAD$200 million. Extensive Experience in Québec & Latin America - Previous roles include senior exploration [...]

Highlights: Expansional results from all key target areas at the B26 Deposit: Hole 1274-24-352 - 1.46% CuEq over 8.4 meters, beginning at 802.5m at the down dip extension of B26 outside the current resource outline. Hole 1274-24-356 - 1.74% CuEq over 9.65 metres beginning at 151.6 metres depth, including 2.12% CuEq over 3.95 metres located inside the Open Pit Growth Target Area. Hole 1274-24-357 - 3.47% CuEq over 5.25 [...]

Highlights: Prospective Down-Dip Anomaly: A new excess mass has been identified at a depth of 800m on the eastern side of the B26 Deposit, indicating strong sulfide and copper-zinc mineralization potential in an area outside the current resource. This new target has a diameter of 400-500 metres, with nearby drill holes containing semi-massive mineralization. Along-Strike Targets: Eight shallow targets have been identified [...]

Abitibi Metals Corp. is pleased to announce the appointment of Laurent Eustache as Executive Vice President of the Company. Laurent will play a key role in driving the Company's growth and enhancing operational efficiency at both corporate and technical levels. Mr. Eustache has held several progressive positions in the mining industry over the past 20 years. As an exploration geologist, Mr. Eustache has contributed to [...]

Highlights: Expansional results from the Mid-Level and Eastern Satellite Targets: #343 - 1.65% CuEq over 7.4 metres beginning at 640.6 metres depth, including 4.73% CuEq over 2.0 metres #347 - 1.82% CuEq over 12.5 metres beginning at 514 metres depth, including 2.8% CuEq over 7.85 metres #349 - 2.2% CuEq over 4.0 metres beginning at 571 metres depth #355 - 2.24% CuEq over 20.6 metres beginning at 72.3 metres depth [...]

Highlights: Significant Resource Growth: Achieved a 62% increase in Indicated resources at the B26 Deposit to 11.3 million tonnes, with Inferred resources increasing 63% to 7.2 million tonnes, highlighting the deposit's expansion potential after only a year of development. Significant High-Grade Drilling Results from 2024: Delivered multiple high-grade intercepts throughout the year, including: 10.6m at 11.4% CuEq within [...]

Abitibi Metals is pleased to announce that it has filed a NI 43-101 Technical Report dated effective Nov 1, 2024 on SEDAR. The Technical Report is with respect to the Updated Resource Estimation on its B26 Polymetallic Deposit in Quebec, titled, “Technical Report NI 43-101 Resource Estimation Update – Project B26 – Abitibi Metals Corp.” The Report complies with all disclosure requirements for Mineral Resources as set out [...]