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CMC METALS LTD ORD - CMCXF STOCK NEWS

Welcome to our dedicated page for CMC METALS ORD news (Ticker: CMCXF), a resource for investors and traders seeking the latest updates and insights on CMC METALS ORD stock.

CMC Metals Ltd. (CMCXF) is a growth stage exploration company focused on high-grade polymetallic deposits in British Columbia, Yukon, and Newfoundland. The company's flagship project, the Silverknife Property in the Rancheria Silver District, shows great promise for silver-lead-zinc CRD prospects. With additional projects like Amy, Silver Hart, Bridal Veil, and Logjam, CMC Metals Ltd. is dedicated to sustainable and responsible mining practices, exploring technologies like DMS and ore sorting for enhanced efficiency and productivity.

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CMC Metals settles $163,457.02 of debt through the issuance of common shares, improving the company's balance sheet. The Debt Settlement involves issuing shares to both non-arm's length and arms length creditors, subject to TSX Venture Exchange approval. The shares have a four-month hold period and are priced at $0.045 per share. The settlement is considered a related party transaction under MI 61-101, with exemptions from formal valuation and minority shareholder approval requirements. Kevin Brewer, President and CEO of CMC, expresses gratitude towards service and supply companies for their participation in the agreement, positioning the company to advance its silver projects in the Rancheria Silver District.
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CMC Metals announces acquisition of 55.5% of 0877887 BC and assets of Bishop Mill in California from North Bay Resources Inc. The deal involves cash and share payments, making NBRI the project operator. The Bishop Mill has a flotation circuit capable of processing 96 tons per day, with plans for near to medium-term operation. The announcement also includes the resignation of a long-serving Director, Mr. Robert Wheeler.
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CMC Metals announces positive exploration results at Silverknife Property in the Rancheria Silver District. The company identified four key zones with significant exploration potential proximal to high-grade silver-lead-zinc deposits. Future plans include securing a strategic partner for aggressive exploration and advancing drilling efforts.
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CMC Metals Ltd. (CMCXF) cancels $1.2 million private placement due to permit extension failure in Mexico but remains interested in Gavilanes project. The company shifts focus to its flagship Silverknife Property in British Columbia.
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CMC Metals Ltd. announces a non-brokered private placement of non-flow through units at $0.035 per Unit, aiming to raise up to $1.2 million. The Company plans to utilize 85% of the proceeds for property expenses and exploration in Mexico and Canada, with the remainder for general working capital. The Offering includes common shares and warrants, with finders' fees possible. The securities will be subject to a hold period and are not registered under the U.S. Securities Act.
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CMC Metals Ltd. announced the completion of the final payment on the Silverknife and Amy Properties, acquiring an additional Mineral Tenure at Amy. The deal was completed on February 1, 2024, making CMC a 100% owner of the properties. The original final payment of the option agreement was amended to include a payment of 2,000,000 common shares to Mr. Steven Scott. The Silverknife Property is located west of Coeur Mining Inc.'s high-grade silver-lead-zinc-critical minerals deposit. CMC intends to focus future exploration efforts on the North Tootsee area of the Property. Amy is another high-grade silver-lead-zinc target with preliminary high-grade resource verification. CMC also acquired 100% rights to an additional mineral tenure located in the center of the Amy Property. Both acquisitions are seen as significant milestones for CMC as it advances exploration on its properties.
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CMC Metals Ltd. provides an update on its Gavilanes silver-gold-polymetallic project, including exploration plans for 2024 and progress on financing. The company has expressed confidence in its ability to proceed with its plans, aiming to release an exploration strategy focused on resource expansion. The Gavilanes Project has a current NI 43-101 Inferred Resource of 18,174,000 contained silver-equivalent ounces at an average grade of 320.3 g/t Ag-Eq within 1,765,000 tonnes.
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CMC Metals Ltd. (TSXV: CMB) (FSE: ZM5P) (OTCQB: CMCXF) announces the acquisition of the Gavilanes Project in the San Dimas Mining District, State of Durango, Mexico. The project has a current NI 43-101 compliant resource of 18,174,000 contained ounces of AgEq at an average grade of 320 g/t AgEq. Kevin Brewer, President of CMC Metals Ltd., will present details at the Vancouver Resource Investment Conference on January 21-22, 2024.
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CMC Metals Ltd. (TSXV:CMB)(Frankfurt:ZM5P)(OTCQB:CMCXF) announces the acquisition of the Gavilanes silver-gold-polymetallic exploration property in Mexico. The property has a current NI 43-101 Inferred Resource of 18,174,000 contained silver-equivalent ounces at an average grade of 320.3 g/t Ag-Eq within 1,765,000 tonnes. The company plans to issue regular press releases, attend conferences, and conduct interviews to promote the acquisition. The acquisition is expected to generate a significant return to shareholders and enable continued exploration efforts on other projects.
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CMC Metals Ltd. (CMB) announces share purchase option agreement with Sailfish Royalty Corp. for acquisition of Swordfish Silver Corp. and its Gavilanes silver exploration property in Mexico. The property has a current NI 43-101 Inferred Resource of 18,174,000 contained silver-equivalent ounces. Initial drilling will focus on further extensions of the San Nicolas vein, Descubridora, Veta Del Pueblo, and Guadalupe-Soledad veins.
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FAQ

What is the current stock price of CMC METALS ORD (CMCXF)?

The current stock price of CMC METALS ORD (CMCXF) is $0.0117 as of October 11, 2024.

What is the market cap of CMC METALS ORD (CMCXF)?

The market cap of CMC METALS ORD (CMCXF) is approximately 3.2M.

What is CMC Metals Ltd. focused on?

CMC Metals Ltd. is focused on high-grade polymetallic deposits in British Columbia, Yukon, and Newfoundland, particularly the Silverknife Property in the Rancheria Silver District.

What technologies is CMC Metals Ltd. exploring?

CMC Metals Ltd. is exploring technologies like Dense Media Separation (DMS) and ore sorting for enhanced mineral processing efficiency.

What are some of the company's flagship projects?

The company's flagship projects include the Silverknife Property in the Rancheria Silver District, along with Amy, Silver Hart, Bridal Veil, and Logjam properties.

What sets CMC Metals Ltd. apart in the mining industry?

CMC Metals Ltd. stands out for its dedication to sustainable and responsible mining practices, utilizing cutting-edge technologies for increased efficiency and productivity.

How is CMC Metals Ltd. contributing to the mining sector's sustainability?

By exploring technologies like DMS and ore sorting, CMC Metals Ltd. aims to enhance the sustainability and environmental responsibility of its mining projects.

CMC METALS LTD ORD

OTC:CMCXF

CMCXF Rankings

CMCXF Stock Data

3.15M
149.22M
5.86%
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