YORK HARBOUR METALS Stock Price, News & Analysis

York Harbour Metals (OTC:YORKF) has announced the sale of 25 million Firetail Resources shares, generating CAD $1.71 million in net proceeds. The company retains 54 million Firetail shares currently valued at AUD $0.094 per share and maintains a 51% interest in the York Harbour Project with a 2% net smelter royalty.

Under the option agreement, York Harbour could receive an additional 75 million Firetail shares and AUD $300,000 in cash if Firetail completes the earn-in for 80% project interest. The company would then retain a 20% free-carried interest. Firetail plans to commence drilling in 2026 following extensive geophysical work in 2025.

York Harbour Metals (CSE: YORK) (OTC Pink: YORKF) has completed a non-brokered private placement, raising $300,000 through the issuance of 6,000,000 units at $0.05 per unit. Each unit includes one common share and one transferable warrant, exercisable at $0.075 per share for five years.

CEO Blair Naughty made a significant lead order of 4,420,000 units ($221,000), increasing his ownership from 14.8% to 19.88% of total shares outstanding (24.37% on a partially diluted basis). The proceeds will be used for general working capital and accounts payable. Securities issued are subject to a hold period until June 19, 2025.

York Harbour Metals (CSE: YORK) (OTC Pink: YORKF) has announced changes to its Board of Directors. The company appointed Joseph Cullen to the Board, following the resignation of Leo Power. York Harbour expressed gratitude to Mr. Power for his service and extended well wishes for his future endeavors.

York Harbour Metals (CSE: YORK, OTC: YORKF) announced the extension of its non-brokered private placement financing of up to 6,000,000 units at $0.05 per Unit, aiming to raise gross proceeds of up to $300,000. Each Unit includes one common share and one transferable warrant, exercisable at $0.075 per share for 5 years from closing.

The company expects a lead order from CEO Blair Naughty, which will increase his equity stake from 15.18% to approximately 19.89%. Additionally, Timothy Ko has been appointed to the Board of Directors and Audit Committee, replacing Michael Williams, who resigned as director and Executive Chairman.

York Harbour Metals (CSE: YORK) (OTC Pink: YORKF) has announced a change in its auditing firm from MS Partners LLP to Manning Elliott LLP, effective January 10, 2025. The transition occurred at the company's request, with MS Partners LLP resigning and Manning Elliott LLP being appointed by the board of directors until the next Annual General Meeting.

The company confirmed there were no reservations in the Former Auditor's reports for the most recently completed fiscal year (January 31, 2024) or any subsequent period. Additionally, there were no reportable events between York Harbour and MS Partners LLP. The change of auditor notice and required documentation have been reviewed by both the audit committee and board of directors and filed on SEDAR+.

York Harbour Metals (CSE: YORK) (OTCQB: YORKF) has announced a non-brokered private placement offering of up to 6,000,000 units at $0.05 per unit, aiming to raise gross proceeds of up to $300,000. Each unit includes one common share and one transferable warrant, exercisable at $0.075 per common share for 5 years from closing. The company's CEO and President, Blair Naughty, who currently holds a 14.8% stake, is expected to lead the investment, potentially increasing his ownership to approximately 20% upon completion.

York Harbour Metals has received final approval to list its common shares on the Canadian Securities Exchange (CSE) under the symbol 'YORK', effective December 9, 2024. The company's shares will be delisted from the TSX Venture Exchange after market close on December 6, 2024.

The company has completed the first milestone of its option agreement with Firetail Resources , which holds an option to earn up to 31% interest in York's Copper Zinc-Silver Project in Newfoundland and Labrador over three years. Additionally, York Harbour has withdrawn its previously announced debt settlement transaction involving arm's length third parties and company directors.

York Harbour Metals has decided against a share consolidation and received significant benefits from its Option Agreement with Firetail Resources for the Skyline Copper Project in Newfoundland. The company received AUD $200,000 and 100 million Firetail shares as first milestone payment, with additional payments of AUD $300,000 and 75 million shares expected by the 3rd anniversary. The agreement includes a 20% project interest, NSR royalty, and commitment for 10,000 metres of drilling.

Recent drilling results showed impressive mineralization, with hole YH24-123 yielding 16.07 metres at 1.58% copper, 2.55% zinc, and 5.52 g/t silver, including a high-grade zone of 3.50 metres at 6.74% copper.

York Harbour Metals Inc. (TSXV: YORK) announces that Firetail Resources (ASX: FTL) has begun exploration activities at the Skyline Copper Project in Newfoundland, Canada, under their option agreement. York Harbour has received the first cash payment of CAD $200,000 and 100 million Firetail shares. Firetail has mobilized crews and a diamond drill rig to the site, planning a 5,000-metre maiden drilling program to extend high-grade copper mineralization and conduct a comprehensive geophysical survey along the project's 16 km strike length.

The exploration program includes drilling and electromagnetic (EM) surveys to confirm and expand upon historical copper results. This development aligns with York Harbour's strategy to create shareholder value by advancing high-grade projects in Newfoundland.