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HANNAN METALS LTD ORD - HANNF STOCK NEWS

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Hannan Metals Limited (TSXV:HAN)(OTCPINK:HANNF) is a natural resources and exploration company focused on developing sustainable metal resources for the transition to a low-carbon economy. With significant discoveries at the Valiente and San Martin projects in Peru, Hannan is strategically positioned to capitalize on the growing demand for copper and gold. The company's recent oversubscribed private placement underscores investor confidence in its exploration potential and growth prospects.

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Hannan Metals Limited has received its environmental permit, the Declaracion de Impacto Ambiental, from the Ministry of Mines in Peru, allowing low impact mineral exploration programs to proceed at the San Martin copper-silver project. The DIA covers an area of 2,700 hectares and allows for up to 40 drill platforms. The company is seeking drilling tenders and plans to start drilling in Q2 2024. The project aims to outline the scale and grade of the extensive copper-silver-rich shale horizon in the San Martin area.
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Hannan Metals Limited (HAN:TSXV)(HANNF:OTC PINK) announces the discovery of a new porphyry-epithermal copper-gold cluster at the Previsto project area in central Peru. The company has identified three priority areas, including a 1,200 m long alkalic gold epithermal anomaly at Previsto East and a copper mineralized boulder discovery at Previsto Norte. The Valiente project has also unveiled a Miocene-age porphyry-epithermal gold-copper mineralized belt that extends over 150 km by 40 km in area.
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Hannan Metals Limited (TSXV:HAN)(OTC PINK:HANNF) is pleased to announce the definition of the third porphyry copper target at the 100% owned Valiente project in Peru. The new Divisoria copper porphyry is located 10 km east of the Belen area, with the company also reporting progress in public participation meetings, environmental studies, and social license permissions. The exploration work at the Divisoria area has identified a zoned copper porphyry target over a 2,000 m by 500 m area, with the discovery of abundant high-grade hydrothermal zinc-lead-silver breccias and quartz-pyrite veins. Michael Hudson, CEO, states that the Valiente area continues to impress, highlighting the overlapping suit of porphyry targets within the Valiente Project.
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Hannan Metals Limited (TSXV:HAN)(OTC PINK:HANNF) announces the results from its Annual General Meeting of Shareholders. Shareholders voted in favor of all matters submitted, including setting the size of the Board to four directors, appointing a new auditor, and ratifying the Stock Option Plan. The Board also made key re-appointments and appointments to executive positions.
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Hannan Metals grants stock options to acquire 3,485,000 common shares at C$0.25 per share for 5 years.
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Hannan Metals Limited (HAN) Announces Resignation of Director Ciara Talbot
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Hannan Metals Limited (TSX.V:HAN) (OTCPK:HANNF) has announced a non-brokered private placement financing to raise up to C$1,340,000 by issuing 5,360,000 units at C$0.25 per unit. Each unit includes one common share and half a warrant, allowing the purchase of additional shares at C$0.35 for three years. The company can force conversion of these warrants if shares reach C$0.50 for 20 consecutive days. Proceeds from the offering will support exploration in Peru, Chile, and Ireland, alongside general working capital. The offering is subject to regulatory approval and a four-month hold period applies to the securities issued.

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Hannan Metals Limited (TSXV:HAN)(OTC PINK:HANNF) has commenced drilling at the Kilmurry zinc-silver-lead target in Ireland, focusing on a seismic anomaly indicative of massive sulphides at a depth of 700 m. This drilling follows a comprehensive seismic survey conducted in 2018, revealing a significant target area extending over 1 km with concentrated high amplitudes at a 400 m zone. Previous drilling in the vicinity has reported high-grade mineralization of up to 56.5% zinc, showcasing the potential of this site. The Kilmurry Fault system represents one of Ireland's largest geological features, enhancing exploration prospects. CEO Michael Hudson anticipates continuous drilling activity across multiple projects in Peru and Chile, leveraging advanced seismic mapping for efficient exploration.

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FAQ

What is the current stock price of HANNAN METALS ORD (HANNF)?

The current stock price of HANNAN METALS ORD (HANNF) is $0.5405 as of January 29, 2025.

What is the market cap of HANNAN METALS ORD (HANNF)?

The market cap of HANNAN METALS ORD (HANNF) is approximately 68.1M.

What is Hannan Metals Limited focused on?

Hannan Metals Limited is focused on developing sustainable metal resources for the transition to a low-carbon economy.

Where are Hannan's significant discoveries located?

Hannan has made significant discoveries at the Valiente and San Martin projects in Peru.

How is Hannan Metals positioning itself in the market?

Hannan Metals is strategically positioned to capitalize on the growing demand for copper and gold.

What recent development showcases investor confidence in Hannan Metals?

The recent oversubscribed private placement reflects investor confidence in Hannan's exploration potential and growth prospects.
HANNAN METALS LTD ORD

OTC:HANNF

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HANNF Stock Data

68.10M
106.91M
11.24%
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