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. has received an extension from the TSX Venture Exchange to complete its non-brokered private placement by October 14, 2022. The size of the offering has increased to CDN$1.5 million, with up to 7,500,000 units priced at CDN$0.20 each. Each unit includes one common share and one share purchase warrant. Proceeds will support exploration in Quebec and Nevada. Insiders may participate, potentially exempting them from MI 61-101 regulations due to their market capitalization impact.
Emergent Metals Corp. announced a non-brokered private placement to raise up to CDN$1,000,000 by issuing up to 5,000,000 units at CDN$0.20 each. Each unit consists of one common share and one warrant, exercisable at CDN$0.26 for 24 months. Insiders may participate, exempting them from certain minority approval requirements. Funds will be used for exploration in Quebec and Nevada. The offering is subject to TSX Venture Exchange approval. Securities will have a four-month and one-day hold period.
Emergent Metals Corp. held its Annual General Meeting on June 28, 2022, where all shareholder resolutions were approved. The board now consists of five directors, including David Watkinson and Robert Rosner. MNP LLP was re-appointed as the company's auditor, and the Incentive Stock Option Plan was re-approved. Emergent is focused on gold and base metal exploration, with key properties in Nevada and Quebec. Notably, the Golden Arrow Property is an advanced gold and silver asset. The company aims to create shareholder value through strategic acquisitions and divestitures.
Emergent Metals Corp. has completed a non-brokered private placement, raising CDN$697,639.92 by issuing 5,813,666 units at CDN$0.12 per unit. Each unit comprises a common share and a warrant, exercisable at CDN$0.15 for 24 months. Insiders acquired 785,000 units, constituting a related party transaction, exempt from minority approval due to market cap conditions. Proceeds will fund property exploration in Quebec and Nevada. The transaction is subject to TSX Venture Exchange approval and a statutory hold period.
Emergent Metals Corp. announced an update regarding its private placement, following the recent sale of its East-West Property to O3 Mining. The company will now offer up to 11,666,666 units at CDN$0.12 each to raise up to CDN$1,400,000. Each unit includes a common share and a warrant, exercisable at CDN$0.15 for 24 months. The offering is set to close by May 31, 2022.
Proceeds will fund exploration in Quebec and Nevada. Insider participation may occur but is expected to be exempt from certain regulations due to its market capitalization.
Emergent Metals Corp. has successfully completed the sale of its East-West Property in Quebec to O3 Mining Inc. for a total consideration of C$750,414.25 in cash and 325,000 common shares. Additionally, Emergent will receive a 1% net smelter returns royalty, which may be bought back by O3 for C$500,000 or C$1,000,000 depending on the timing of the buy-back. The East-West Property encompasses 7 mining claims over 184 hectares, situated near significant mining operations. Emergent remains focused on monetizing its exploration assets through strategic acquisitions and transactions.
Emergent Metals Corp. has announced a non-brokered private placement to raise up to CDN$2,500,000 through the sale of up to 20,333,333 units at a price of CDN$0.12 each. Each unit includes one common share and a warrant exercisable at CDN$0.15 for 24 months. The proceeds will fund exploration in Quebec and Nevada. Insider participation may qualify as a related party transaction but is expected to be exempt from certain approval requirements. The offering is pending TSX Venture Exchange approval.
Emgold Mining Corporation has received regulatory approval for a share consolidation, reducing its issued common shares from 136,182,621 to approximately 13,618,221, effective March 17, 2022. Additionally, the company will change its name to Emergent Metals Corp. The consolidation is aimed at providing greater flexibility for business development and financing arrangements. The company's trading symbol remains unchanged, while the new CUSIP number will be 29103R105. The consolidation may impact stock options and warrants proportionately.
Emgold Mining Corporation has signed a Binding Letter Agreement to sell its East-West Property in Quebec to O3 Mining Inc. for C$750,000 in cash and 325,000 common shares. Additionally, Emgold will receive a 1% net smelter returns royalty, subject to a buy-back right by O3. The transaction is contingent upon due diligence and regulatory approvals, to be finalized by March 31, 2022. The East-West Property is strategically located adjacent to O3's Marban Property, which is undergoing a Pre-Feasibility Study, offering potential future value for Emgold.
Emgold Mining Corporation (OTCQB: EGMCF) announced significant assay results from its New York Canyon Property in Nevada. Key findings include drill hole NYCN0010 with 16.6 m of 0.263% CuEq. Kennecott Exploration Company (KEX), a Rio Tinto subsidiary, completed 4,481 m of drilling in 2021, surpassing their initial plan. KEX has spent US$5.0 million on exploration, positioning them to exercise a 55% interest option in the property within five years of the February 2020 agreement. The property consists of 417 claims covering approximately 8,700 acres.
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