METALLIC MINERALS CORP - MMNGF STOCK NEWS

Newmont has exercised its 'top-up right' to purchase 577,776 additional shares of Metallic Minerals at $0.36 per share, maintaining its 9.5% stake as per the Investor Rights Agreement dated May 18, 2023. This transaction is pending customary closing conditions, including approval from the TSX Venture Exchange.

Newmont had previously invested $6.3 million in a 4,500-meter drill program at Metallic Minerals' La Plata project in Colorado, showing significant potential for a district-scale, precious-metal-rich porphyry system. Resource modeling is ongoing to update the resource estimate for the Allard deposit, expected in Q4 2024.

Newmont continues to provide technical support and expertise to the project team, enhancing surface data acquisition and geologic mapping. CEO Greg Johnson expressed satisfaction with the collaboration and noted positive sentiment at the recent Precious Metals Summit.

On July 3, 2024, Metallic Minerals announced the closing of the second and final tranche of its non-brokered private placement, raising a total of $2,025,000. The final tranche involved the sale of 1,062,500 flow-through common shares at $0.40 each, generating $425,000. CEO Greg Johnson stated the funds will support the Keno Silver and Klondike Gold projects. Upcoming activities include drilling at the Formo target and development of alluvial gold royalty properties in the Klondike Gold district. Funds will also support field activities at the La Plata project in Colorado. All securities are subject to a four-month hold period and the offering requires TSX Venture Exchange approval. Certain directors and officers participated in the offering, contributing $51,000.

Metallic Minerals announced the closure of a $1.6 million first tranche of a non-brokered private placement financing. The company issued 4,000,000 flow-through shares at $0.40 each. The funds will support resource expansion at the Keno Silver Project in the Yukon Territory, including additional exploration in Klondike District's gold royalty portfolio. CEO Greg Johnson expressed satisfaction with the interest from Canadian investment funds. The next tranche is expected to close by June 28, 2024. The issued securities are subject to a four-month hold period and the completion is pending TSX-V approval.

Metallic Minerals, trading on TSX.V as MMG and OTCQB as MMNGF, has announced a non-brokered private placement of up to 5,000,000 flow-through common shares at $0.40 per share. This financing aims to raise up to $2,000,000. The proceeds will be directed toward eligible Canadian Exploration Expenses at the Company's Keno Silver project and alluvial gold royalty portfolio in Yukon Territory. Red Cloud Securities Inc. will assist on a 'best efforts' basis. The offering is expected to close around June 24, 2024, and is subject to TSX-V approval. The issued shares will have a hold period of four months and one day.

Metallic Minerals announced the initiation of its 2024 exploration programs at the Keno Silver project in Yukon, Canada, and the La Plata copper-silver-gold-PGE project in Colorado, USA. At Keno Silver, which reported an inaugural resource of 18.2 million ounces of silver equivalent, diamond drilling will commence in July, focusing on resource expansion at the Formo target. La Plata's field programs have begun, targeting high-priority areas like Copper Hill, Renegade, and Morningstar. Drilling will focus on extending mineralization at the Allard resource area. Newmont exercised its 'top-up right' to purchase additional shares, maintaining a 9.5% interest in Metallic Minerals. The company will participate in key industry events like the Yukon Mining Alliance Property Tours & Investment Conference and the National Western Mining Conference & Exhibition.

Metallic Minerals Corp. announces Newmont 's exercise of top-up rights to purchase additional shares to maintain a 9.5% interest in the company. Newmont will buy 342,750 common shares at $0.33 per share. The collaboration between the two companies has been successful, with Newmont providing financial and technical support for exploration activities at the La Plata project, showing promising drilling results and potential resource expansion opportunities.

Metallic Minerals Corp. announces final results from the 2023 drill campaign at the La Plata project in Colorado, revealing significant copper-silver-gold-Platinum Group Element mineralization. The exploration program aimed to expand on the existing inferred mineral resource and define controls to higher-grade mineralization. Newmont 's strategic equity investment funded the campaign, leading to the discovery of broad zones of mineralization and new drill targets. The project remains open for expansion, with advanced hyperspectral surveys and potential critical minerals resources identified by the USGS.

Metallic Minerals Corp. announces a significant mineral resource estimate for the Keno Silver Project in Yukon, Canada, totaling 18.16 million ounces of silver equivalent. The project shows clear potential for growth with additional drilling and exploration. The company plans to expand resources in 2024 and provide updates on other projects.

Metallic Minerals Corp. appoints Dr. M. Stephen Enders, a seasoned expert in mineral exploration and mining, to its Board of Directors. Dr. Enders brings over 47 years of experience, including roles at major companies like Newmont Mining Corporation and Phelps Dodge Exploration Corporation. Additionally, Metallic Minerals grants 1,875,000 stock options to key personnel as part of its Long-Term Performance Incentive Plan.