CMC METALS LTD ORD - CMCXF STOCK NEWS

CMC Metals Ltd. has successfully oversubscribed its private placement, raising $1,412,660.02 with approval from the TSX Venture Exchange pending. The company will issue 4,975,889 flow-through units at $0.18 and 3,231,250 non-flow-through units at $0.16. The financing involved three insiders contributing $54,000. Proceeds will support exploration efforts at the Bridal Veil and Rodney Pond properties in Newfoundland and fund operations in the Yukon/British Columbia. All issued securities are subject to a four-month hold.

CMC Metals Ltd. has filed for approval to close the first tranche of financing, aiming for gross proceeds of $726,659.98. Upon TSX Venture Exchange approval, the company plans to issue 1,815,758 flow-through (FT) units at 18 cents each and 2,575,000 non-flow-through (NFT) units at 16 cents. The proceeds from the FT units will fund exploration at silver-lead-zinc properties in Yukon/British Columbia, while NFT unit proceeds will support general working capital. Securities issued will have a four-month hold.

CMC Metals Ltd. has engaged Independent Trading Group (ITG) for market-making services, pending regulatory approval. This partnership aims to enhance liquidity for CMC's shares on the TSX Venture Exchange. ITG will receive a fee of $5,000 monthly, with the agreement being month-to-month and terminable by either party with 30 days’ notice. ITG and CMC are unrelated entities. CMC Metals, focused on high-grade polymetallic deposits in Yukon, British Columbia, and Newfoundland, includes projects like the Silver Hart Project and Rancheria South Project.

CMC Metals Ltd. announced a non-brokered private placement to raise C$1,250,000 through the sale of flow-through and non-flow-through units. Flow-through units are priced at C$0.18, and non-flow-through units at C$0.16. Proceeds will fund exploration programs in the Yukon/British Columbia and Newfoundland. Each unit includes a share and a half warrant, with a conversion price of C$0.20 for 24 months. The offering is subject to regulatory approvals and customary closing conditions.

CMC Metals Ltd. announced positive findings from its ongoing drilling program at the Silver Hart Property in Yukon, identifying carbonate replacement (CRD) style mineralization over a 500 by 900-meter area. This includes multiple mantos and evidence of semi-massive chalcopyrite with potential gold. A total of 4044.3 meters have been drilled, with assay results expected in 2-3 months. Initial trenching results from the nearby Blue Heaven Property also indicate gold presence. The drilling program is set to conclude mid-September, with additional exploration planned.

CMC Metals Ltd. has reported promising exploration results from its Bridal Veil Property in Newfoundland. Soil geochemical surveys and geological studies indicate potential for gold and polymetallic mineralization. Significant soil samples returned values exceeding 51 ppb gold, with a total of 328 samples showing anomalous values in silver, arsenic, copper, and lead. A ground magnetic survey confirmed a transition from magnetic low to high, suggesting favorable conditions for ore deposition. The company plans further exploration to validate these findings.

CMC Metals Ltd. has signed an Option Assignment Agreement with Highbank Resources Ltd. for the Terra Nova property in Newfoundland, comprising 71 claims. Highbank can earn 80% ownership. The property is notable for its 12 km of access and potential for mesothermal gold-polymetallic deposits. Grab samples reveal promising assay results, with high values for gold, silver, copper, and tungsten. Financial commitments include cash payments totaling $60,000 and share issuances. The project aims to boost shareholder value through further exploration.

CMC Metals Ltd. has mobilized field crews for the largest drill program at the Silver Hart Property, Yukon, with plans for 5,000 meters of drilling. Improvements to the camp are underway, and exploration will also take place in British Columbia. Recent snow and flooding have impacted access but efforts to reopen roads are progressing. The company appointed Jesus Costra Mora as Senior Geologist, bringing over 30 years of experience, to enhance exploration capabilities. The program aims to enhance shareholder value amid a challenging environment.