202615 releases
Metallic Minerals' La Plata Project Selected for U.S. DOE Genesis Mission AI Research Initiative Award Funding
The La Plata project in southwestern Colorado has been selected as one of two initial test systems for AGAPEX, an AI-assisted mineral exploration research project led by Colorado School of Mines and chosen as one of 278 awards under the U.S. Department of Energy's Genesis Mission, which drew more than 5,000 applications. Partners include the National Laboratory of the Rockies, the Colorado Geological Survey and Metallic Minerals, which will contribute exploration datasets and geological expertise. The other test system is the Arizona Copper Triangle.
CorporateNewmont Exercises Participation Rights to Purchase Additional Shares of Metallic Minerals
Newmont Corporation, through a wholly owned subsidiary, subscribed for 3,224,700 units at $0.28 per unit for gross proceeds of $902,916 in a non-brokered private placement under its May 18, 2023 Investor Rights Agreement, matching the terms of Metallic Minerals' $10.3 million bought deal closed in June. Each unit includes one common share and half a warrant exercisable at $0.40 for 36 months. The placement maintains Newmont's approximately 9.2% interest; proceeds will fund the La Plata project in southwestern Colorado and working capital.
FinancingMetallic Minerals Closes Upsized C$10.3 Million Bought Deal LIFE Private Placement
An upsized bought deal LIFE private placement closed for gross proceeds of C$10,294,335.80, comprising 18,906,985 units at C$0.28 and 12,988,000 charity flow-through units at C$0.385, including partial exercise of the underwriters' option. Each unit includes a half warrant exercisable at C$0.40 from August 22, 2026 to June 22, 2029. Unit proceeds are for the La Plata project in southwestern Colorado; flow-through proceeds fund Canadian exploration expenses at the Keno Silver project in Yukon by December 31, 2027. Red Cloud Securities led the syndicate and received C$666,672.66 in fees and 1,747,627 broker warrants. Closing remains subject to final TSX Venture Exchange approval.
FinancingMetallic Minerals Announces Upsize of Bought Deal LIFE Private Placement for Gross Proceeds of C$10 Million
The previously announced bought deal LIFE private placement has been upsized from C$8,000,230 to C$10,000,620, comprising 17,858,000 units at C$0.28 for C$5,000,240 and 12,988,000 flow-through units at C$0.385 for C$5,000,380, each with one-half warrant exercisable at C$0.40 for 36 months. Red Cloud Securities is lead underwriter and sole bookrunner, with an underwriters' option for up to C$2,000,000 more. Unit proceeds are for the La Plata project in southwestern Colorado and flow-through proceeds for the Keno Silver project in Yukon; closing is scheduled for June 22, 2026.
FinancingMetallic Minerals Announces Bought Deal LIFE Private Placement for Gross Proceeds of C$8.0 Million
A bought deal LIFE private placement for gross proceeds of C$8,000,230 has been agreed with Red Cloud Securities as lead underwriter, comprising 14,286,000 units at C$0.28 and 10,390,000 charity flow-through units at C$0.385, each with a half warrant exercisable at C$0.40 for 36 months. An over-allotment option allows up to C$2,000,000 in additional securities. Unit proceeds are for the La Plata project in southwestern Colorado, flow-through proceeds for the Keno Silver project in Yukon. Closing is scheduled for June 22, 2026.
FinancingMetallic Minerals Strengthens Exploration and Community Engagement Teams with Strategic Appointments
Regina Molloy has been appointed Vice President, Exploration, Miguel Nassif as Lead Geoscientist, and Allison Coppel as Senior ESG Advisor at Metallic Minerals, adding exploration, structural geology and ESG expertise as the company advances its La Plata copper-silver-gold-PGE project in Colorado and the Keno Silver project in Yukon. Molloy previously held roles at BHP, Newmont, Barrick Gold and Inmet Mining; Coppel led Newmont's global Social Responsibility function. Management will attend the Western Mining Summit in Denver, May 20-22, 2026.
ManagementMetallic Minerals Triples Yukon Gold Royalty Operations for 2026 Production Season
Agreements with three operators are in place for the 2026 season across Australia Creek, Dominion Creek and South Keno/Granite Creek in the Yukon, with all three operations mobilizing ahead of production, up from a single producing operation. The Australia Creek royalty has generated more than $1.1 million in royalty gold value since production began in 2023, with 2025 the largest annual total to date. Royalty rates generally range from 10% to 15%. Drilling continues on Australia Creek's middle and upper blocks.
CorporateMetallic Minerals Announces Option Agreement with Argyle Resources on McKay Hill Property, Yukon
Argyle Resources Corp. may earn a 100% interest in the McKay Hill property, a 55 square kilometre package 50 kilometres north of the Keno Hill Silver District, Yukon, over three years for total consideration of $2.25 million: $450,000 in cash, $600,000 in shares priced at a 10-day VWAP, and $1,200,000 in work expenditures. Argyle has made its initial cash payment and issued 1,332,149 shares following CSE approval. On exercise, Metallic retains equity in Argyle and an aggregate 3.5% NSR royalty, partly subject to buyback.
AcquisitionMetallic Minerals Announces Filing of NI 43-101 Technical Report for the La Plata Project Mineral Resource Estimate in Colorado, USA
An NI 43-101 technical report for the Allard Cu-Ag-PGE-Au porphyry deposit at the La Plata project in southwestern Colorado has been filed on SEDAR+, prepared by SLR USA Advisory Inc. with an effective date of January 23, 2026. The updated estimate increases Inferred tonnage about 23% to 181.4 Mt at 0.36% copper equivalent, containing 1,307 Mlbs copper and 17.0 Moz silver (1,455 Mlbs CuEq), with a 45.4 Mt subset reporting 91,000 oz Pt, 121,000 oz Pd and 60,000 oz Au.
Resource updateMetallic Minerals to Exhibit at PDAC 2026 in Toronto, March 1–4 (Booth 2724)
Attendance at the 2026 PDAC Convention in Toronto from March 1–4, 2026 was confirmed, with the company exhibiting at Booth #2724 at the Metro Toronto Convention Centre under The Metallic Group, shared with Stillwater Critical Minerals Corp. Management will provide updates on the La Plata copper–silver–gold–PGE project in Colorado and the 100%-owned Keno Silver project in Yukon. Other scheduled events include the Metals Investor Forum (Feb 27-28), Swiss Mining Institute Conference (March 18-19) and SAFE Summit 2026 (April 27-28).
CorporateMetallic Minerals Reports Successful Electrochemical Recovery of 99.9% Pure Copper Metal from La Plata Sulphide Mineralization
Laboratory testing with Columbia University's Gadikota Research Group solubilized approximately 70% of the copper from chalcopyrite-dominant sulphide drill core material from the La Plata copper-silver-gold-PGE project in southwestern Colorado within four hours at ambient temperature, without flotation, roasting or pressure oxidation. Electrodeposition then recovered 99.9% pure metallic copper, confirmed by X-ray diffraction, while silver, gold, PGEs and REEs partitioned into an iron-rich residue. Metallic Minerals describes the work as laboratory-scale proof-of-concept requiring further engineering and economic analysis.
Study resultsMetallic Minerals Announces Participation in Red Cloud's Pre-PDAC Mining Showcase
Chairman and CEO Greg Johnson will present at Red Cloud's Pre-PDAC Mining Showcase on Friday, February 27, 2026 at 2:40 p.m. ET in the Kensington Room, at The Omni King Edward Hotel in Toronto, where the event runs February 26–27, 2026. The presentation will cover the La Plata copper-silver-gold-PGM project in Colorado, the Keno Silver project in Yukon, and the Klondike Royalty Portfolio. Management will also attend Metals Investor Forum, PDAC 2026, the Swiss Mining Institute Conference and SAFE Summit 2026.
CorporateMetallic Minerals Provides Keno Silver Project Update and Details 2026 Exploration Plans
A roughly 5,000-metre drill program is planned for 2026 at the 100%-owned, 171 km² Keno Silver project in Yukon, targeting resource expansion at the Formo, Fox, Caribou and Homestake deposits, follow-up on newly identified zones and first-pass drilling of untested targets. The project hosts an NI 43-101 Inferred Mineral Resource of 18.2 Moz silver equivalent at 223 g/t Ag Eq in 2.5 Mt, based on US$22.50/oz silver; an updated resource estimate and a scoping-level evaluation at Formo are possible in 2026. The Company also granted 1,700,000 stock options at $0.40, expiring in five years.
CorporateMetallic Minerals Expands La Plata Copper-Silver Inferred Resource by 23% and Adds Platinum, Palladium and Gold
An updated NI 43-101 inferred mineral resource for the Allard deposit at the La Plata project in southwestern Colorado totals 181.4 Mt at 0.36% CuEq (0.33% Cu, 2.9 g/t Ag), containing 1,307 Mlbs copper and 17.0 Moz silver, a 23% tonnage increase over the 2023 estimate and supported by an additional 4,530 metres of diamond drilling. A 45.4 Mt subset contains 91,000 oz platinum, 121,000 oz palladium and 60,000 oz gold. The resource uses a US$18/t NSR cut-off; a technical report will be filed within 45 days.
Resource updateMetallic Minerals Provides Corporate Update and Responds to Recent Market Activity
In response to investor inquiries about recent share price movement, the company stated it is not aware of any undisclosed material change or company-specific development accounting for the activity. Work continues to finalize the updated Mineral Resource Estimate at the La Plata copper-silver-gold-PGE project in Colorado, with 2026 drill programs being planned at La Plata and the Keno Silver project in Yukon. 2025 was a record year for its Yukon gold and silver production royalties.
Corporate
20252 releases
Metallic Minerals Announces Participation in Red Cloud’s 2025 Fall Mining Showcase in Toronto
Metallic Minerals will present at Red Cloud's Fall Mining Showcase 2025, held in person at the Sheraton Centre Toronto Hotel on November 4 and 5, 2025. Greg Johnson is scheduled to present on November 4 at 11:00 AM Eastern Standard Time. The company is focused on the La Plata Project in southwestern Colorado and the Keno Silver Project in the Yukon Territory.
CorporateMetallic Minerals Partners with VRIFY to Advance AI-Assisted Discovery and Resource Expansion at La Plata and Keno Hill
A partnership with VRIFY Technology Inc. will apply AI and machine learning to geological, geochemical and geophysical datasets at the La Plata Cu-Ag-Au-PGE Project in Colorado and the Keno Silver Project in Yukon, using VRIFY's DORA platform to refine targets. Initial results are revealing new patterns and independently validating known mineralized trends, and are being used to prioritize follow-up work and refine drill targets. La Plata hosts an inferred resource of 1.21 billion pounds copper and 17.6 million ounces silver; Keno Silver hosts 18.2 million silver equivalent ounces inferred.
Corporate
20241 release
Keno Silver News Release dated February 26, 2024
An inaugural NI 43-101 mineral resource estimate for the Keno Silver project in Yukon reports an Inferred Resource of 2.5 Mt at 223 g/t silver equivalent, containing 18.16 Moz AgEq (9.81 Moz silver) across the Formo, Fox, Caribou and Homestake deposits, effective February 1, 2024. Formo holds 12.77 Moz AgEq in 1.08 Mt at 369 g/t AgEq underground, with in-pit resources of 5.40 Moz AgEq at 115 g/t. A technical report is expected within 45 days, with further drilling planned for the 2024 field season.
News
20232 releases
La Plata News Release dated July 31, 2023
An updated NI 43-101 inferred mineral resource for the Allard deposit at the La Plata copper-silver-gold-PGE project in southwestern Colorado totals 147.3 million tonnes at 0.41% CuEq (0.37% Cu, 3.72 g/t Ag), containing 1,211 Mlbs copper and 17.6 Moz silver at a 0.25% CuEq cut-off, a 25% tonnage increase following 1,730 m of 2022 drilling. Contained copper equivalent rose 25% to 1,317 Mlbs. Follow-up drilling on hole LAP22-04 is underway, with a technical report to be filed within 45 days.
NewsLa Plata News Release dated February 28, 2023
Final 2022 drill results from the La Plata copper-silver-gold-PGE project in southwestern Colorado: hole LAP22-04 returned 815.95 m of 0.41% CuEq (0.30% Cu, 2.47 g/t Ag, 0.186 g/t Au+PGE) from surface, including 511.15 m at 0.51% CuEq and 9.75 m at 3.53% CuEq, ending in mineralization at 815.95 m with a final 0.61 m sample of 5.42% Cu, 47.0 g/t Ag and 11.031 g/t Au+PGE. Hole LAP22-03 returned 913.79 m at 0.12% CuEq. The two holes totalled 1,730 m and will be incorporated into an updated NI 43-101 resource estimate by SGS expected mid-2023.
News