Key facts
| Company | Tectonic Metals Inc. (TSXV: TECT) |
|---|---|
| Location | Alaska, USA |
| Stage | Early exploration |
News releases5 on file
Tectonic Metals Announces Extension of Non-brokered Private Placement
The TSX Venture Exchange has granted a 30-day extension to complete Tectonic Metals' non-brokered private placement first announced April 25, 2022, with the conditional approval period now expiring July 8, 2022. The offering provides for up to 50,000,000 units at C$0.06 per unit for gross proceeds of up to C$3,000,000, each unit including one common share and one-half warrant exercisable at C$0.10
FinancingTectonic Metals Announces Strategic Investment by Leading Alaskan Native Regional Corporation, Doyon, Ltd.
Doyon, Ltd., Tectonic Metals' largest shareholder and Alaska's largest private landholder, is participating in the previously announced C$3,000,000 non-brokered private placement led by Crescat Capital LLC. The offering comprises up to 50,000,000 units at C$0.06 per unit, each with one common share and one-half warrant exercisable at C$0.10 for two years, with an acceleration clause at a 20-day VW
FinancingTectonic Announces Strategic Investment by Crescat Capital as Part of a C$3 Million Non-brokered Private Placement
A non-brokered private placement of up to 50,000,000 units at C$0.06 per unit for gross proceeds of up to C$3,000,000 is being anchored by existing shareholder Crescat Capital LLC. Each unit includes one common share and one-half warrant exercisable at C$0.10 for two years, subject to acceleration if the 20-day VWAP reaches C$0.20 or more. Proceeds will advance the Tibbs and Seventymile properties
FinancingTectonic Drilling Discovers Low-angle Pogo-style Quartz Veining To 9.95 G/T Au Over 0.75m And Intersects Visible Gold At Tibbs Gold Project
Phase II 2021 drilling at the Tibbs Gold Project in Alaska, less than 35 km from Northern Star's Pogo mine, totalled 23 holes for 4,216m and intersected four stacked low-angle quartz vein horizons at the Gray Lead West target, including 9.95 g/t Au over 0.75m at 223.00m and 7.64 g/t Au over 0.60m at 342.70m in TBDD21-012, and 2.21 g/t Au over 3.04m in TBRC21-003. Visible gold in TBRC21-001 returne
Drill resultsTectonic Check Drill Core Assays Return 104.5 g/t Au over 1.0 Metre Demonstrating Gold Nugget Effect at Michigan Zone, Tibbs Project
Quarter-core check assays from hole TBDD21-002 at the Michigan Zone, Tibbs Gold Project, Alaska, returned 104.5 g/t Au over 1.0 m from 74.0-75.0 m, compared with 1.034 g/t Au over 1.0 m in the original half-core fire assay and 1.25 g/t Au by metallic screen, indicating a coarse gold nugget effect. Nine specks of visible gold had been logged in a quartz vein over that interval. Tectonic is initiati
Drill results