CMC METALS LTD ORD - CMCXF STOCK NEWS

CMC Metals Ltd. provided a review of its 2022 exploration activities and proposed plans for 2023. The company focuses on high-grade polymetallic deposits in Yukon, British Columbia, and Newfoundland. Key properties include the Silver Hart and Blue Heaven claims in Yukon, along with projects in Newfoundland like Bridal Veil and Terra Nova. CMC will present at the Metals Investor Forum and the Vancouver Resource Investment Conference. However, forward-looking statements highlight risks, including funding challenges and regulatory approvals. Investors are advised to consult the company’s filings for a detailed risk assessment.

CMC Metals Ltd. is set to present at the Metals Investors Forum and the Cambridge House Vancouver Resource Investment Conference on January 27-30, 2023. The company will also provide an update about its activities from 2020 and outline its plans for the upcoming exploration season. President and CEO Kevin Brewer expressed optimism for upcoming exploration efforts and invites investors to engage at these events. CMC Metals focuses on high-grade polymetallic deposits in regions like Yukon and British Columbia, including projects such as the Silver Hart Deposit and Bridal Veil.

CMC Metals Ltd. has raised C$1,199,902 through a non-brokered flow-through private placement, selling 5,454,100 units at C$0.22 each, pending TSX Venture Exchange approval. Each unit consists of one common share and one-half of a warrant, allowing the purchase of additional shares at C$0.25 over 24 months. Proceeds will fund exploration at the Company’s silver-lead-zinc properties in Yukon and British Columbia, specifically the Silverknife and Silver Hart Project. Red Cloud Securities will receive C$56,994.30 for facilitation.

CMC Metals Ltd. has appointed Mr. Kristian Whitehead to its Advisory Board, enhancing its geological expertise. With over 19 years of experience across the Americas, Whitehead brings valuable knowledge from his previous roles, including VP Exploration and Project Manager. CMC is focused on high-grade polymetallic deposits in Yukon, British Columbia, and Newfoundland, with prospects like Silver Hart and Logjam. Chairman John Bossio expressed optimism about Whitehead's potential contributions, including a possible directorship at the next AGM.

CMC Metals Ltd. has received all necessary permits for its Terra Nova Property in Newfoundland, allowing it to commence exploration activities in partnership with Highbank Resources Ltd.. The property, located 30 km from Port Blandford, shows potential for mesothermal gold-polymetallic deposits and includes five mineralized showings. Notable grab sample results include up to 6,812 ppb gold at Nancy's Gold Vein. CMC is also the exploration operator, while holding a 100% ownership option of the site.

CMC Metals Ltd. has announced new exploration initiatives at its Bridal Veil Property in Newfoundland, including a pilot Induced Polarization Survey and soil geochemical surveys. A 7.5 km IP grid aims to identify drill targets in areas of mineralized interest, based on previous magnetic surveys. Permits are filed, and work is expected to commence by mid-November. The Bridal Veil area shows potential for polymetallic-gold deposits, with past studies indicating elevated metal values. Geologists believe the region may host a significant hydrothermal system.