Azarga Metals Corp.

Azarga Uranium Corp. has closed its non-brokered private placement, previously announced on the 13th and 14th of April 2020, for gross proceeds of approximately $1.6 million through the issuance of 10,933,333 units at a price of $0.15 per Unit . The Financing was strongly supported by institutional investors. Each Unit consists of one common share of the Company and one-half of one Share purchase warrant . One Warrant [...]

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, now fixed at C$4,692,550, convertible debt to BSRT in shares. Interest owed on 10 April 2020 is C$160,071 that will be settled by the issue of 2,134,283 common shares priced at $0.075 per share, being the closing price on 8 April [...]

HIGHLIGHTS 2019-2020 phase 2 drilling results to date demonstrate: Copper-silver mineralization is now consistently drill-confirmed over a strike length of 5.5 kilometers - an extension of 2.1 kilometers over the previous strike Oxide copper-silver mineralization extends over a 4.5-kilometer strike length and to 180-190 meters depth Sulphide copper-silver mineralization remains open at a depth below 500 meters and along [...]

Azarga Metals Corp. is pleased to announce that Baker Steel Resources Trust Ltd. and the Company have executed an amendment to the Secured Convertible Loan Facility Agreement to consummate the terms of the binding terms sheet announced on March 26, 2020. The third advance of US$500,000 has been received by the Company. Chairman, Alex Molyneux commented, "I'm very pleased that Baker Steel continues to support the Company [...]

Azarga Uranium Corp. is pleased to announce that the Company has identified additional uranium mineralization at its Gas Hills Uranium Project in Wyoming, USA . The Company identified this additional uranium mineralization through the analysis of historical data procured by the Company . The Gas Hills Project is located approximately 250 miles from the Company's initial development priority, the Dewey Burdock in-situ [...]

Azarga Metals Corp. is pleased to announce that it has executed a Binding Term Sheet with Baker Steel Resources Trust Ltd. , setting out the terms on which BSRT will, subject to satisfaction of certain conditions, increase its investment in the Company by an additional US$500,000 under the Secured Convertible Loan Facility Agreement announced on April 10, 2019 and amend certain terms of the Loan Facility. Subject to [...]

HIGHLIGHTS 86 meters of mineralization with an average grade of 0.6% copper and +57.6g/t silver intersected in drill-hole AM19-004 - by far, the widest mineralized intersection recorded in Unkur's history Drill-holes AM19-002 and AM19-003b intersected copper and silver mineralization some two kilometers to the southeast along strike from the envelope of the current Mineral Resource estimate Azarga Metals Corp. reports [...]

Azarga Metals Corp. reports the ongoing diamond drilling program on its Unkur Copper-Silver Project in Eastern Russia is making good progress with over 1,000 meters completed to date of the 6,000 meter program. Two recent drill holes numbered AM19-002 and AM19-003b which were drilled at Unkur Southeast target, two kilometers southeast of the current Inferred Resource intercepted copper sulphide mineralization. This is an [...]

Azarga Metals Corp. on 23 October 2019, issued to Baker Steel Resources Trust Limited a total of 1,470,443 common shares to settle its semi-annual interest payment of US$66,849 as announced on 11 October 2019. The US$3 million convertible loan from BSRT enabled Azarga Metals to start an aggressive exploration program earlier this year on its Unkur Copper-Silver Project with the objective of significantly increasing the [...]

Azarga Metals Corp. reports that the results and interpretation of the recently completed geophysical surveys on its Unkur Copper-Silver Project in Eastern Russia have identified multiple additional exploration drilling targets. The works included a property-wide ground magnetic survey and nine induced polarization traverses, totaling 28-line kilometers. Michael Hopley, President and CEO of Azarga Metals commented: "The [...]