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Major Precious Metals (CSE:SIZE | OTC:SIZYF) will be delisted from the Neo Exchange on October 7, 2022, following shareholder approval at the annual meeting on September 13, 2022. The company will subsequently operate as an unlisted reporting issuer, maintaining compliance with ongoing disclosure obligations under Canadian securities laws. Major Precious Metals is known for its Skaergaard Project in eastern Greenland, which boasts significant palladium and gold deposits. The firm aims to enhance shareholder value while progressing through the Mine Development Cycle.
Major Precious Metals shareholders approved resolutions at the annual meeting on September 12, 2022, including a voluntary delisting from the NEO Exchange due to ongoing weak market conditions. 99.96% of votes supported the delisting to preserve business interests. The delisting will take effect on October 7, 2022. Additionally, the election of directors was overwhelmingly supported, with all receiving over 99% approval. The stock option and restricted share unit plans were also approved, ensuring continued shareholder alignment.
Major Precious Metals Corp. has released final results from its 2021 diamond drilling program at the Skaergaard Project in Greenland. The program aimed to enhance the Mineral Resource Estimate (MRE) outlined in a May 2021 report, which identified 5.5 million Indicated PdEq ounces and 14.4 million Inferred PdEq ounces. The 2021 drilling confirmed grades and mineralization lengths for Palladium, Platinum, and Gold, expanding the resource's potential. An updated MRE will be compiled by SLR Consulting to inform a Preliminary Economic Assessment (PEA) in the coming months.
Major Precious Metals Corp. has announced positive results from its 2021 diamond drilling program at the Skaergaard Project in Greenland, confirming grades of Palladium (Pd), Platinum (Pt), and Gold (Au) in 11 out of 32 holes drilled. The drilling program aimed to validate the Mineral Resource Estimate (MRE) from April 2021, which identified 5.5 million Palladium Equivalent Ounces in Indicated Resources. With promising assay results indicating the potential for open-pit mining, the company plans to complete further assays and update the MRE, moving towards a Preliminary Economic Analysis (PEA) in the upcoming months.
Major Precious Metals Corp. (NEO: SIZE | OTC: SIZYF) provides an update on its Skaergaard Project in eastern Greenland, revealing approximately 4 million ounces of palladium and 1 million ounces of gold identified as Indicated Resources, with additional substantial amounts classified as Inferred Resources. The Company is currently analyzing over 11,000 new samples, with results expected by mid-May 2022. The political landscape emphasizes the need for a secure supply of palladium, particularly given Russia's significant market share. Additionally, the Company announces the resignation of President Paul Teniere.
Major Precious Metals Corp. will present at the inaugural Future Minerals Summit from January 11-13, 2022, in Riyadh, Saudi Arabia. Over 150 mining and exploration companies are expected, with Mr. Tony Williams, Chairman and CEO, providing an update on the Skaergaard PGM Project on January 13 at 2:10 PM. The Company is awaiting assay results from its 2021 exploration program at Skaergaard, which is recognized for its significant palladium and gold deposits. The presentation link will be available on their website post-event.
Major Precious Metals Corp. (CSE:SIZE | OTC:SIZYF) announced the approval of its common shares listing on the NEO Exchange, effective September 30, 2021. This move follows the completion of its Phase 1 diamond drilling program at the Skaergaard Project in Greenland, which is significant for its palladium and gold deposits. The shares will be voluntarily delisted from the Canadian Securities Exchange on the same day, but no action is required from current shareholders. Management anticipates that this uplisting will enhance liquidity and attract institutional investors.
Major Precious Metals Corp. has completed its Phase 1 diamond drilling program at the Skaergaard Project in Greenland, covering approximately 10 km². The program included 32 drill holes totaling 8,195 meters and 240 meters of channel samples, aimed at expanding the existing mineral resource and verifying potential for various elements including palladium and gold. The samples will be sent for assay testing, with initial results expected by late October. The project is positioned in a politically stable area, and the company aims to capitalize on the rising prices of precious metals.
Major Precious Metals has completed its Phase 1 diamond drilling program at the Skaergaard Project in Greenland, achieving all planned drill hole depths across an area of 10 km². A total of 32 drill holes (8,195 m) were executed alongside 240 m of channel sampling, leading to 11,600 core samples for assay testing to assess gold, palladium, and platinum levels. The results will be released in late October. The project holds significant potential, with the company highlighting the value of palladium and other critical minerals amid rising geopolitical interest in Greenland.
Major Precious Metals Corp. has provided an update on its Phase I diamond drilling program at the Skaergaard Project in Greenland. Commencing in July, the drilling focuses on the northern areas previously unexplored. Success could enhance the mineral resource estimate, which currently holds 81.6 million tonnes at 2.10 g/t PdEq (5.51 Moz) in Indicated Resources and 217.3 million tonnes at 2.05 g/t PdEq (14.4 Moz) in Inferred Resources. The ongoing drilling will be audited by SLR Consulting to ensure quality and efficacy.