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Major Precious - SIZYF STOCK NEWS

Welcome to our dedicated page for Major Precious news (Ticker: SIZYF), a resource for investors and traders seeking the latest updates and insights on Major Precious stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Major Precious's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary

Major Precious Metals Corp. has commenced its Phase I diamond drilling program at the Skaergaard Project in Greenland, focusing on the northern part of the deposit. The objective is to upgrade and expand the current mineral resource estimate of 5.51 Moz contained PdEq ounces. The drilling is supported by a technical report confirming substantial mineralization potential, with a planned independent site visit from SLR Consulting to ensure adherence to quality standards. The company anticipates reporting results soon, further engaging shareholders and investors via webinars and conferences.

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Rhea-AI Summary

Major Precious Metals has successfully closed a non-brokered private placement of 4,285,715 units at $0.35 each, raising approximately $1.5 million. Each unit comprises one common share and half a warrant, allowing for the purchase of an additional share at $0.70 within two years. Proceeds will fund a large diamond drilling campaign on the Skaergaard Project in Greenland, which holds a significant palladium and gold deposit. The project has indicated resources of 5.51 Moz PdEq and inferred resources of 14.4 Moz PdEq, as noted in an NI 43-101 report.

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Rhea-AI Summary

Major Precious Metals has successfully closed a non-brokered private placement, issuing 24,285,715 units at $0.35 each for gross proceeds of $8,500,000.25. Each unit consists of one common share and half a warrant, with warrants priced at $0.70 for additional shares. The funds will support a major drilling campaign at the Skaergaard Project in Greenland, which has significant palladium, platinum, and gold resources of 5.51 Moz and 14.4 Moz respectively. Finder's fees amount to $340,851 and additional warrants issued.

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Rhea-AI Summary

Major Precious Metals Corp. (CSE:SIZE | OTC:SIZYF) will host a Town Hall Meeting on July 7, 2021, at 10:00 am EDT. CEO Tony Williams will discuss updates on the Skaergaard Project in Greenland, which is one of the largest palladium and gold deposits outside Russia and South Africa. The meeting will also cover a recent financing announcement made on June 14, 2021, and will conclude with a question-and-answer session for attendees. The company is focused on advancing the project along the Mine Development Cycle.

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Major Precious Metals announced that its shareholders approved the Shareholder Rights Plan during a special meeting on June 7, 2021. This approval follows their previous announcement on April 27, 2021. The company, which is listed on the CSE under the ticker SIZE, is focusing on its flagship Skaergaard Project located in Greenland, noted for its significant palladium and gold deposits. The company is committed to progressing this project through a major work program for drilling and economic evaluation.

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Major Precious Metals has completed a National Instrument 43-101 technical report for the Skaergaard Project, confirming significant mineral resources. The report indicates Indicated Resources of 81.6 million tonnes at 2.10 g/t Palladium Equivalent (PdEq), equating to 5.51 million ounces of contained PdEq, and Inferred Resources of 217.3 million tonnes at 2.05 g/t PdEq, totaling 14.4 million ounces. A Phase 1 exploration program is set to begin, featuring 15,000 metres of diamond drilling. The company anticipates updating the Mineral Resource Estimate and conducting a Preliminary Economic Analysis by early 2022.

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Major Precious Metals Corp. has filed a National Instrument 43-101 technical report highlighting the Mineral Resource Estimate for its Skaergaard Project. The report, effective April 15, 2021, shows indicated resources of 81.6 million tonnes at 2.10 g/t PdEq, equating to 5.51 million ounces of PdEq and inferred resources of 217.3 million tonnes at 2.05 g/t PdEq, totaling 14.4 million ounces. The company plans a Phase 1 exploration program to drill 15,000 metres and investigate additional metals, with an updated Mineral Resource Estimate expected by Q4 2021, leading to a Preliminary Economic Analysis in Q1 2022.

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Major Precious Metals Corp. (CSE:SIZE | OTC:SIZYF) has clarified statements from its April 28, 2021 news release at the request of IIROC. The company previously mentioned manipulative trading tactics affecting its securities but admits to lacking evidence to confirm these claims. Moreover, it did not report these activities to IIROC or other regulators prior to that announcement. Major Precious Metals focuses on exploring precious metals, holding a diversified portfolio of properties, and aims to expand through acquisitions near existing mining operations.

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Major Precious Metals Corp. (CSE:SIZE | OTC:SIZYF) has secured contracts with Air Greenland and Xploration Services Greenland A/S for its diamond drilling program at the Skaergaard Project. The company has hired several geologists and field personnel for the summer program and plans to commence helicopter services in early July. Major Precious Metals is well-positioned financially due to support from long-term shareholders exercising warrants. The collaborations with reputable local companies aim to ensure a successful exploration season.

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Major Precious Metals has engaged Air Greenland and Xploration Services Greenland A/S for its diamond drilling program on the Skaergaard Project. The program will commence in early July and includes field administration and logistics support. Major Precious Metals has strengthened its financial position through the exercise of warrants and options by major shareholders. The collaboration aims to leverage Greenlandic expertise to facilitate effective drilling operations, demonstrating the company's commitment to advancing its exploration efforts.

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FAQ

What is the market cap of Major Precious (SIZYF)?

The market cap of Major Precious (SIZYF) is approximately 263.0.
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SIZYF Stock Data

263
213.55M
18.93%
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