Welcome to our dedicated page for MTB METALS news (Ticker: MBYMF), a resource for investors and traders seeking the latest updates and insights on MTB METALS stock.
MTB Metals Corp., with a focus on the Telegraph project in the Golden Triangle of British Columbia, is a mineral exploration company that has made significant strides in discovering copper and gold porphyry systems. The company recently reported assays from drill holes DOK2023-02 and DOK2023-03, expanding the boundaries of mineralization on the Dok Trend. With an extensive land package spanning 580 square kilometers and a track record of successful drilling programs, MTB Metals Corp. is poised for further exploration and potential discoveries in this highly prospective region.
MTB Metals Corp. has completed a non-brokered private placement, raising $344,000. The company issued 6,350,000 flow-through units at $0.04 each and 2,250,000 non-flow-through units at the same price. Each non-flow-through unit includes one common share and one warrant, exercisable at $0.08 within 24 months. Each flow-through unit consists of one flow-through share and a half warrant, exercisable at $0.08 within 18 months. The funds will advance MTB's Telegraph porphyry copper-gold project and be used for working capital. The transaction awaits TSX Venture Exchange approval and includes participation by company executives, constituting a related party transaction under MI 61-101.