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NINE MILE METALS LTD. (CSE: NINE) (OTCQB: VMSXF) is a Canadian public mineral exploration company focused on VMS exploration in the renowned Bathurst Mining Camp in New Brunswick, Canada. The company recently acquired 100% interest in California Lake, Canoe Landing Lake East, and Nine Mile Brook East mineral projects. Nine Mile is exploring critical minerals necessary for EV and green technologies, particularly copper, silver, lead, zinc, and gold. With an emphasis on VMS projects like Nine Mile Brook, California Lake, Canoe Landing Lake, and The Wedge, the company is strategically positioning itself for future growth and success.
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Nine Mile Metals has exercised its option early to acquire 100% ownership of California Lake, Canoe Landing Lake East, and Nine Mile Brook East mineral projects. The company will own 12 mineral claims totaling 38.94 km2 subject to a 2% Net Smelter Royalty. The acquisition includes known base metal mineral occurrences and significant deposits. Nine Mile Metals is strategically enhancing shareholder value and consolidating its western portfolio for operational efficiencies and exploration initiatives.
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Nine Mile Metals announces certified assay results for drill hole WD-24-04 in the Bathurst Mining Camp, New Brunswick, revealing significant copper mineralization with highlights such as 1.33% Copper Equivalent over 37.10m, including 3.08% Cu-Eq over 10.24m.
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Nine Mile Metals successfully closed a non-brokered private placement financing, raising $493,875 from the issuance of 4,675,910 units. The private placement included flow-through units and non-flow-through units, with each unit consisting of common shares and warrants. Finders and brokers received warrants and cash for their services. The company plans to use the proceeds for work programs on its properties and general working capital. No Related Parties participated, and all securities issued are subject to a hold period.
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Nine Mile Metals announces terms of a new flow-through and non-flow-through private placement, aiming to raise up to $600,000. The FT private placement offers up to 4,545,454 FT Units at $0.11 each, while the NFT private placement offers up to 1,333,333 NFT Units at $0.075 each. Finders may receive an 8% cash commission and 8% common share purchase warrants for introducing subscribers. The Company plans to use the proceeds for work programs on its properties and general working capital.
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Nine Mile Metals announces a consulting services agreement with Kindred Communications Inc. for investor relations activities, stock options grants to directors/officers/consultants, and payments under the California Lake and Canoe Landing Lake East mineral projects. The Company now has a total of 7,250,000 stock options representing 9.9% of the outstanding common shares.
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Nine Mile Metals announces positive certified assays for drill hole WD-24-01 at the Wedge Mine Project, showing significant mineralization with copper, lead, zinc, gold, and silver. The company continues to explore new zones of mineralization, with promising economic potential and plans for advanced geophysics assessment.
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Nine Mile Metals announces certified assays for drill hole WD-24-02 at the Wedge Mine, revealing a new, larger mineralized system with impressive copper, lead, zinc, gold, and silver grades. The Main Copper Zone assays 1.32% Cu, 0.21% Pb, 1.54% Zn, 8.8g/t Ag, and 0.164 g/t Au, showcasing significant mineralization potential. Recent acquisition of Cominco Data confirms unmined subsurface, enhancing exploration prospects for Nine Mile Metals.
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CEO.CA Technologies Ltd., a subsidiary of EarthLabs, Inc., provides video coverage from the recent PDAC convention in Toronto, Canada. CEO.CA is a popular financial platform connecting investors globally.
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Nine Mile Metals Ltd. announces successful drilling results at its Wedge VMS Project in the Bathurst Mining Camp, New Brunswick. The company drilled a mineralized zone covering 76.10 meters in WD-24-04, displaying high-grade copper and zinc mineralization. The project shows potential for a significant Cu-Zn deposit extension, with impressive visual mineralization width and high-grade sections. The XRF analysis confirms the presence of massive sulphides with visible copper and zinc mineralization. Nine Mile plans to continue drilling to confirm the extension of the Wedge Mine Ore Zone in Target Area #1.
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Nine Mile Metals Ltd. announces significant mineralization in WD-24-02 drill hole at Wedge VMS Project in Bathurst Mining Camp. High-grade copper and zinc with visible chalcopyrite found. XRF analysis completed, samples sent for lab analysis. Positive outlook for extending ore zone.
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FAQ
What is the current stock price of NINE MILE METALS (VMSXF)?
The current stock price of NINE MILE METALS (VMSXF) is $0.01096 as of January 29, 2025.
What is the market cap of NINE MILE METALS (VMSXF)?
The market cap of NINE MILE METALS (VMSXF) is approximately 834.8K.
What is Nine Mile Metals Ltd. focused on?
Nine Mile Metals Ltd. focuses on VMS (Cu, Pb, Zn, Ag, and Au) exploration in the Bathurst Mining Camp in New Brunswick, Canada.
What kind of projects does Nine Mile Metals Ltd. own?
Nine Mile Metals Ltd. owns and explores California Lake, Canoe Landing Lake East, Nine Mile Brook East, and The Wedge VMS projects.
What are the critical minerals that Nine Mile Metals Ltd. is exploring?
Nine Mile Metals Ltd. is exploring critical minerals essential for EV and green technologies, including copper, silver, lead, zinc, and gold.
Who is the CEO of Nine Mile Metals Ltd.?
The CEO of Nine Mile Metals Ltd. is Patrick J. Cruickshank, MBA.
How does Nine Mile Metals Ltd. position itself for future growth?
By focusing on VMS projects and exploring critical minerals, Nine Mile Metals Ltd. strategically positions itself for future growth and success in the mining industry.
NINE MILE METALS LTD