Welcome to our dedicated page for EMERGENT METALS news (Ticker: EGMCF), a resource for investors and traders seeking the latest updates and insights on EMERGENT METALS stock.
EMERGENT METALS CORP (symbol: EGMCF) is a gold and base metal exploration company with a focus on Nevada and Quebec. The company's strategy involves acquiring quality assets, adding value through exploration, and monetizing them through various transactions to benefit shareholders. They have successfully divested properties like the Troilus North and East-West properties. In Nevada, their Golden Arrow Property boasts a well-defined measured and indicated resource, with plans for a major drilling program. New York Canyon is another key property with copper skarn and porphyry mineralization. The Mindora Property is under option to Lahontan Gold Corp. In Quebec, EMERGENT's Casa South Property is strategically located near Hecla Mining Corporation's Casa Berardi Mine, with exciting exploration targets. The company also has royalties in other properties in Quebec, showing a diverse and promising portfolio. For more information, visit their website or review their filings on SEDAR.
Emergent Metals Corp. (OTCQB: EGMCF) has reported significant findings at its Trecesson Property in Quebec, with visible gold discovered in two of its initial drill holes. This drilling program, comprising a total of 4,000 meters, is Emergent's first since acquiring the property. The company has drilled to a depth of 669 meters, with visible gold observed in holes TR-23-03 and TR-23-04. Historical explorations at Trecesson have noted valuable intercepts, with the aim to expand known mineralization. Emergent's future plans include further drilling to enhance its resource estimates.
Emergent Metals has identified a new copper porphyry and skarn exploration target at its New York Canyon Property in Nevada. The target, named Emma, spans approximately 1,650 meters long and 1,400 meters wide, located near the historic Santa Fe Mine. Kennecott Exploration is undertaking exploration, having invested $5.24 million of a planned $22.5 million. Significant findings include 20 out of 41 rock chip samples with grades of at least 1.00% copper and promising soil samples. Drilling is scheduled for 2023 to further investigate potential mineralization, especially south of the Copper Queen area. Emergent shares are currently trading at $0.335.
Emergent Metals Corp. has announced the discovery of a new exploration target named Emma at its New York Canyon Property in Nevada. The target, identified by Kennecott Exploration Company, measures approximately 1,650m by 1,400m and is open in all directions. It adds to existing targets on the property, which includes Copper Queen, Longshot Ridge, and Champion. Significant rock and soil sampling results indicate copper, gold, and silver presence. KEX plans to commence diamond core drilling in Q1 2023 as part of a US$22.5 million Earn-in Agreement to earn a 75% interest in NYC. The exploration program aims to further assess the potential of the Emma target and test extensions of known deposits.
Emergent Metals Corp. (EGMCF) has adopted a new 10% rolling stock option plan to comply with TSX Venture Exchange's Policy 4.4. This plan will be subject to shareholder approval at the 2023 annual meeting. Emergent has granted 1.3 million stock options to directors, officers, employees, and consultants at an exercise price of C$0.25, vesting over three years. The company focuses on mineral exploration, particularly in Nevada and Quebec, with key assets including the Golden Arrow Property and Casa South Property.
Emergent Metals Corp. has announced the commencement of a drill program at its Trecesson Property in Quebec, covering 1,900 ha. This program aims to drill the Cossette North and South Veins at greater depth, targeting a total of approximately 4,000 m of NQ core drilling. Historical drilling by Knick Exploration yielded significant gold intercepts, with grades exceeding 33 g/t. Additionally, Emergent has acquired nine mineral claims to expand its property to 2,360 ha, aiming to explore further targets. The company's strategy focuses on value creation through exploration and monetization of assets.
Emergent Metals Corp. has successfully completed a non-brokered flow-through private placement, issuing 3,173,450 units at CDN$0.32 each, raising CDN$1,015,504. Each unit includes one common share and one-half warrant, exercisable at CDN$0.45 until December 12, 2024. The funds will be used for exploration in Quebec, with finder's fees totaling CDN$80,640 and 252,000 warrants issued. This Offering requires final approval from the TSX Venture Exchange, with securities subject to a four-month hold period.
Emergent Metals Corp. has completed ten diamond core drill holes totaling 2,963 meters as part of Phase 1 at its Casa South Property in Quebec. The program identified 14 additional drill targets based on an analysis of historic reverse circulation drilling data. The latest drilling results show anomalous gold mineralization in the Kama Trend, encouraging further exploration. The company plans additional drilling programs while noting that proximity to established mines does not guarantee exploration success.
Emergent Metals Corp. has announced a non-brokered flow-through private placement to raise up to CDN$1,000,000, issuing up to 3,125,000 units at CDN$0.32 each. Each unit consists of one common share and half a share purchase warrant, exercisable at CDN$0.45 for 24 months. Proceeds will fund exploration in Quebec. Insiders may participate, exempting them from certain regulations. The offering awaits TSX Venture Exchange approval, and securities are subject to a four-month hold period.
Emergent Metals Corp. has completed the second tranche of a non-brokered private placement, raising CDN$300,000 by issuing 1,500,000 units at CDN$0.20 each. This brings the total proceeds from both tranches to CDN$913,000. Each unit consists of a common share and a warrant exercisable at CDN$0.26 until November 30, 2024. The funds will support exploration in Quebec and Nevada. The offering is pending final approval from the TSX Venture Exchange.
Emergent Metals Corp. has completed the first tranche of a non-brokered private placement, raising CDN$613,000 by issuing 3,065,000 units at CDN$0.20 each. Each unit includes one common share and one warrant, exercisable at CDN$0.26 until October 21, 2024. Funds will support exploration in Quebec and Nevada. A finder's fee of CDN$33,950 and 169,750 finder's warrants will be paid. The offering is pending final approval from the TSX Venture Exchange, with securities subject to a hold period of four months and one day.
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