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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.
Hannan Metals Ltd. has announced a Letter of Agreement to acquire up to 100% of the Cerro Rolando Copper Porphyry Project in northern Chile's Paleocene metallogenic belt. This project encompasses 16 contiguous concessions over 48 km², featuring potential chalcocite enrichment. Hannan aims for a low-cost and efficient entry to drilling, expected to occur soon while awaiting permits for its extensive projects in Peru. The initial assessment involves a $32K investment leading to further expenses of $15M over seven years for a full stake. This acquisition enhances Hannan's strategic position in a leading copper mining region.
Hannan Metals Limited (TSXV:HAN)(OTC PINK:HANNF) has announced significant developments at the Belen copper-gold target within its Valiente project in Peru. Recent exploration has expanded the mineralization footprint from 8 km to 10 km strike, with high-grade assays up to 16.0% Cu and 4.4 g/t Au reported from boulders. After completing a 4,880 line km aeromagnetic survey, the company has initiated a 19.4 line km IP geophysical survey to further assess the Ricardo Herrera and Vista Alegre targets. Permissions for the Environmental Impact Statement have been secured, allowing for low-impact exploration and drilling, with community engagement ongoing.
Hannan Metals Limited (TSXV: HAN, OTC PINK: HANNF) has announced the granting of 2,990,000 stock options to its directors and officers. These options are exercisable at C$0.28 per common share for a period of 3 years. Hannan Metals is focused on developing sustainable natural resources and is recognized as one of the top ten explorers by area in Peru. The company's efforts target vital metals necessary for the transition to a low-carbon economy.
Hannan Metals Limited (TSXV:HAN)(OTCPK:HANNF) announced the results of its Annual and Special Meeting of Shareholders held on November 17, 2022, in Vancouver, BC. A total of 26,610,606 common shares, representing 26.09% of the votes, were represented. Shareholders approved all resolutions, including electing five directors, appointing Davidson & Company as the auditor, and adopting a new Stock Option Plan allowing stock options up to 10% of issued shares. The Board re-appointed key executives, including Michael Hudson as Chairman and CEO.
Hannan Metals Limited (HANNF) announced significant updates from the Belen copper-gold porphyry prospect at its 100%-owned Valiente project in Peru. This includes the first recognition of a linked copper-gold and epithermal gold mineral system, with extensive soil and rock sampling indicating notable anomalies. Ongoing work encompasses detailed mapping and a completed aeromagnetic survey over 4,880 line km. The Ricardo Herrera target shows promising mineralization, while additional targets at Vista Alegre and Sortilegio have been identified. Drill permitting is underway, marking a pivotal exploration phase.
Hannan Metals Limited has successfully closed a strategic private placement financing, raising C$2,570,400 through the sale of 9,180,000 common shares at $0.28 each to Teck Resources Limited, which now holds 9.0% of the company. The funds will be allocated for mineral exploration projects in Peru and Ireland, as well as for general working capital. The placement is pending final acceptance from the TSX Venture Exchange.
Hannan Metals Limited (HANNF) has announced a strategic investment from Teck Resources Limited through a private placement financing, where Teck will buy 9,180,000 common shares at $0.28 each, totaling approximately C$2.57 million. This investment will give Teck a 9% ownership stake in Hannan, enhancing their collaboration on exploration efforts. The funds will be used for exploration projects in Peru and Ireland, as well as for general corporate purposes. The closing is expected by October 7, 2022, pending regulatory approvals.
Hannan Metals Limited (TSXV:HAN, OTC PINK:HANNF) released an update on its Belen copper-gold porphyry project in Peru. The company identified a new Miocene-age mineral camp within a 140 km by 50 km area. The Belen prospect shows significant copper-gold mineralization with systematic soil sampling revealing a leached porphyry over a 1,600 m by 800 m area. A nearby gold-bearing epithermal target has also been identified. Hannan plans further fieldwork, including drill permitting and extensive soil sampling across the 10-km intrusive trend.
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