HANNAN METALS LTD ORD - HANNF STOCK NEWS

Hannan Metals (TSXV:HAN) (OTC PINK:HANNF) has entered into a 3-month marketing contract with Resource Stock Digest (RSD) for promotional services. The agreement, subject to TSX Venture Exchange approval, involves a cash fee of US$125,000. RSD, owned by Gerardo Del Real and Nick Hodge (both shareholders of Hannan), will conduct interviews and produce content for distribution to its subscriber base. This engagement aims to enhance Hannan's market presence and investor awareness through RSD's promotional activities, aligning with the Exchange's policies on investor relations and promotional activities.

Hannan Metals has significantly expanded its copper-gold porphyry discovery at the Previsto Central prospect within the 100%-owned Valiente Project in Peru. The discovery now spans a 10 km by 5 km area and remains open in all directions. Key highlights include extensive soil sampling revealing high levels of gold and copper anomalies, with soil samples exceeding 0.1 g/t gold and 0.025% copper. The discovery shows strong potential, with planned IP lines and LiDAR surveys to further explore the area. CEO Michael Hudson highlights that only 20% of the target area has been explored so far, indicating significant growth potential.

Hannan Metals (TSX.V:HAN, OTCPK:HANNF) closed an oversubscribed non-brokered private placement, raising C$3,707,730 through the issuance of 10,593,513 units at C$0.35 per unit. Each unit includes one common share and one-half of a common share purchase warrant at an exercise price of C$0.50, valid for two years. Teck Resources, Hannan's major shareholder, maintained its 9.84% ownership, investing C$250,000. The proceeds will fund exploration in Peru and Chile and for general corporate purposes. The offering is subject to a four-month hold period and TSX Venture Exchange's final approval.

Hannan Metals announced that its non-brokered private placement financing, initially disclosed on June 4, 2024, is oversubscribed and has been upsized. The company now plans to issue up to 10,000,000 units at C$0.35 per unit, aiming to raise up to C$3.5 million. Each unit includes one common share and one-half of one common share purchase warrant. Each full warrant allows the purchase of an additional share at C$0.50 within two years. The company can force warrant conversion if shares trade at or above C$0.70 for 20 consecutive days. Insiders will participate, and finder's fees may apply. Securities have a four-month hold period. Proceeds will fund exploration in Peru and Chile, and for general corporate purposes. Closing is expected around June 26, 2024.

Hannan Metals announces a non-brokered private placement financing to raise up to C$2.5 million by issuing up to 7,142,857 units at C$0.35 per unit. Each unit includes one common share and one-half of a common share purchase warrant, exercisable at C$0.50 for two years. Proceeds will fund exploration in Peru and Chile and for general corporate purposes.

In drilling updates, Hannan reported a 150 km x 40 km gold-copper belt discovery at the Valiente Project in Peru, including multiple porphyry and epithermal targets. At the San Martin Project, Hannan found a high-grade copper-silver system similar to Kupferschiefer deposits. Drill permits and environmental certifications are in progress, with drilling expected in August 2024. Additional exploration is planned for the Valiente, San Martin West, and Cerro Rolando projects in Peru and Chile.

Hannan Metals announced a significant copper-gold porphyry discovery at the Previsto Central prospect within its Valiente Project in Peru. The discovery spans a 4 km by 1 km area and remains open in all directions.

Extensive geochemical sampling revealed anomalies, with soil samples exceeding 0.1 g/t gold and 0.025% copper. The area also exhibits a large airborne magnetic and radiometric anomaly, indicating a globally significant porphyry system.

Previsto is the eighth porphyry target discovered in a 25 km by 10 km area, suggesting a district-scale cluster. Preliminary results show a strong correlation with outcrop mineralization, with the best channel sample yielding 0.25% copper over 5.8 m.

CEO Michael Hudson emphasized the focus on advancing towards drill permitting during the dry season.

Hannan Metals 's surface sampling at the Valiente project in Peru has discovered the Previsto East, an 1,800 m by 400 m alkalic porphyry-epithermal target with high gold content. This marks the eighth significant porphyry and/or epithermal target in the area, suggesting a giant porphyry cluster. The company's CEO, Michael Hudson, highlights the continuous expansion and improvement of targets, with the recent discovery competing with top pre-discovery stage projects. The press release discusses the geological findings, including the identification of large outcrops of copper oxide mineralization near Previsto East.

Hannan Metals announces a significant discovery of sediment-hosted copper-silver mineralization at San Martin West in Peru. The mineralization extends over 2.3 km with high-grade copper and silver zones, hinting at potential further mineralization below the surface. The new discovery showcases a basin-scale system similar to Kupferschiefer deposits in Eastern Europe, highlighting the project's vast potential.

Hannan Metals Limited has announced the completion and submission of its Environmental Impact Statement for its Valiente copper-gold porphyry project in Peru. The DIA allows for 40 drill platforms and covers an area of approximately 944.17 hectares. This milestone represents a small proportion of Hannan's total landholding at Valiente. Once approved, the maiden drill program at Valiente will consist of up to 40 drill platforms to test the extensive porphyry copper-gold and epithermal gold mineral system for the first time. The final DIA and other approvals are anticipated during Q3 2025.