Azarga Metals Corp.

Azarga Metals Corp. is pleased to announce that it has executed a definitive agreement to supersede the binding letter of intent with Baker Steel Resources Trust Limited announced on April 19, 2022. BSRT has agreed, subject to receipt of all required regulatory approvals, to convert the US$3.5 million loan between Azarga Metals and BSRT at a fixed Canadian dollar equivalent value of C$4.7 million, with a conversion price [...]

Azarga Metals Corp. reports that the board of directors of Azarga Metals granted a total of 4,500,000 incentive stock options of the capital stock of the Company to directors and officers exercisable for up to a five year period at an exercise price of $0.05, being the closing share price on April 20, 2022, pursuant to the Azarga Metals shareholder approved stock option plan. Vladimir Pakhomov has resigned from the Board [...]

Azarga Metals Corp. is pleased to announce that it has executed a binding letter of intent with Baker Steel Resources Trust Limited agreeing the terms and conditions whereby BSRT will exercise its right to convert the US$3.5 million loan made under the secured convertible loan facility between Azarga Metals and BSRT. The Loan will be converted at a fixed Canadian dollar equivalent value of C$4.7 million, with a conversion [...]

Azarga Metals Corp. has posted an updated corporate presentation on its website, www.azargametals.com, focused on the Company's 100% owned high-grade copper-rich VMS Marg project, within the Keno Hill Silver District, Yukon Territory. President, CEO and Director, Gordon Tainton, said: "We recently obtained access to the VTEM database of the airborne geophysical program previously conducted by GeoTech, Ontario. This [...]

Azarga Metals Corp. announces that Trevor Steel has resigned as a director, effective immediately. The Board wishes to thank Mr. Steel for his many valuable contributions to the Company during his tenure as a director and wishes him well in the future. Azarga Metals Corp. "Gordon Tainton" Gordon Tainton President and CEO For further information please contact: Doris Meyer, at +1 604 536-2711 ext. 3, visit [...]

Azarga Metals Corp. is pleased to announce that it has signed a binding agreement with Golden Predator Mining Corp. to acquire the Marg copper-rich VMS project , located in Central Yukon. The Agreement supersedes the non-binding term sheet announced on 14 July 2021. President, CEO and Director, Gordon Tainton, said: "We're very excited about the Marg Project. Azarga Metal's technical due diligence has indicated that Marg [...]

Azarga Metals Corp. as announced on 14 October 2021, the Company has issued to Baker Steel Resources Trust Limited a total of 3,743,755 common shares to settle its semi-annual interest payment of C$187,188 on a US$3.5 million convertible loan . BSRT Early Warning Disclosure Pursuant to the conversion of C$187,188 in interest owing to BSRT by Azarga Metals pursuant to the Loan, BSRT acquired 3,743,755 common shares of [...]

Azarga Metals Corp. has delivered a notice to Baker Steel Resources Trust Limited indicating that it wishes to exercise its option to pay the semi-annual interest owed on the US$3.5 million convertible debt to BSRT in shares. Interest owed on 10 October 2021 is C$187,188 that will be settled by the issue of 3,743,755 common shares priced at $0.05 per share, being the closing price on 7 October 2021. Pursuant to the loan [...]

Azarga Metals Corp. announces that Alexander Molyneux has resigned as a director, effective immediately. The Board wishes to thank Mr. Molyneux for his many valuable contributions to the Company during his tenure as a director since his appointment in 2016 and wishes him well in the future. About Azarga Metals Corp. Azarga Metals is a mineral exploration and development company that owns 100% of the Unkur Copper-Silver [...]

HIGHLIGHTS: Base PEA Case proposes average annual production of 11.7ktpa copper and 2.9Mozpa silver in concentrates over a 14-year mine life 4-years open-pit mining at 2.75Mtpa followed by 10-years underground mining at 2.0Mtpa Use of SART processing in early years to process oxide material, followed by conventional sulphide flotation At Consensus prices , post-tax net present value of US$205.5M and internal rate of [...]