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York Harbour Metals Inc. (YORKF) is a Canadian exploration and development company focusing on high-grade projects in Newfoundland and Labrador. The company recently started diamond drilling at its 100%-owned Bottom Brook Rare Earth Element project in Newfoundland, reaching a significant milestone in its exploration program. This drilling program aims to expand known areas of mineralization and discover new zones. York Harbour also received confirmation for the reinstatement of Mineral Licence 26228M at its York Harbour Copper project. The company is committed to operational efficiency, financial health, and strategic exploration to maximize the value of its projects. For more information, visit their website.
York Harbour Metals Inc. (TSXV: YORK) (OTCQB: YORKF) held its annual general and special meeting on July 10th, 2024, where shareholders approved several key matters. These included the election of new board members, appointment of auditors, approval of financial statements, and the adoption of a restricted share unit (RSU) plan and a 10% rolling stock option plan.
The newly elected board consists of Blair L. Naughty, Richard G. Macey, Leo P. Power, and Michael Williams. The company's RSU Plan allows for up to 10% of outstanding shares (6,852,904 shares) to be issued as RSUs, while the Option Plan permits up to 10% of outstanding shares to be issued as stock options. Both plans are subject to insider participation limits and vesting conditions.
York Harbour Metals has appointed Brandon Schwabe as its new Chief Financial Officer. Schwabe brings significant experience to the role, having previously served in various senior financial positions. The company, focused on high-grade mineral projects in Newfoundland and Labrador, aims to leverage Schwabe's expertise to enhance its financial management and strategic planning. This change is expected to support York Harbour’s growth objectives and improve shareholder value.
York Harbour Metals, a Canadian exploration firm, has entered into an option agreement with Firetail Resources, allowing Firetail to earn up to 80% interest in York Harbour's Copper-Zinc-Silver Project in Newfoundland and Labrador. This agreement, subject to necessary approvals, involves a total consideration of $500,000 AUD, 175 million Firetail shares, and 10 kilometers of drilling over three years. Upon exercising the option fully, a joint venture will be formed, with York Harbour retaining a free carried interest until a pre-feasibility study is delivered. Key approvals from the TSX-V are pending.
York Harbour Metals Inc. (YORKF) announces positive rare earth elements mineralogical results at its Bottom Brook Project in Newfoundland. Dr. Derek H.C. Wilton conducted MLA-SEM analysis, highlighting high Total REE content, the presence of monazite and thorite, and similarities to known deposits. The project shows significant potential for concentration and exploration.
York Harbour Metals Inc. provides positive project updates and reports on channel sampling at its newly discovered Bottom Bank Rare Earth Elements Zone in Newfoundland and Labrador. The company highlights high-grade grab sample values from the Bottom Bank showings and reports assay results from its late summer 2023 channel sampling program. York Harbour's CEO expresses optimism about the project's potential and commitment to shareholder value creation.
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