202612 releases
Transition Metals Extends Geochemical Footprint of Haultain Gold System and Identifies New Large-Scale Exploration Targets at Gowganda Project, Ontario.
An MMI soil geochemical survey at the 100%-owned Gowganda Gold Project in Ontario's Abitibi Greenstone Belt collected more than 1,300 B-horizon samples at roughly 25-metre centres on 100-metre spaced lines over an area of about 2.5 by 1.5 kilometres. Elevated gold, silver, arsenic and copper responses correlate with known bedrock mineralization and extend beneath cover along interpreted structures, expanding the Haultain gold system footprint by approximately 1,200 metres. Channel sampling assays remain pending; diamond drilling is targeted for 2027.
Drill resultsTransition Metals Expands Gowganda Gold Project to 125 Square-kilometres in Ontario's Abitibi Greenstone Belt
The Gowganda Gold Project in Ontario's Abitibi Greenstone Belt has been expanded to approximately 125 km², after roughly 18 km² was staked in June 2026 along the Ridout-Tyrrell Deformation Zone and two properties totalling about 5 km² were acquired in the Miller Lake basin. The two properties were optioned from Ashley Gold Mines/Skead Holdings for $5,000 and from Skead Holdings for $20,000 prior to the second anniversary, each subject to a 2% NSR. A summer trenching, sampling and soil geochemistry program precedes planned fall drilling.
CorporateTransition Metals Commences 2026 Exploration Program at Pike Warden Epithermal Gold-Silver and Porphyry Copper Project, Yukon
Field work has resumed at the Pike Warden epithermal gold-silver and porphyry copper project in southern Yukon, focused on the Saddles Au–Ag target, where hand trenching and stripping will expose mineralized bedrock for length-weighted channel sampling and structural mapping ahead of a planned RC drill program. Previous sampling at Saddles returned 44.5 g/t Au, 491 g/t Ag, 59.6% Pb, 0.61% Cu, 0.35% Zn and 59.66 ppm Mo. The 41 square kilometre project sits 65 kilometres south of Whitehorse.
Drill resultsTransition Metals Options Maude Lake Property; CEO Scott McLean Receives PGO Award of Merit
Springbok Ventures Inc. can acquire a 100% interest in the Maude Lake Ni-Cu-PGE project in Ontario's Pays Plat Lake Area, Lower Aguasabon Lake Area and Priske Township by paying $400,000 in cash, issuing shares and incurring $3,000,000 in exploration expenditures over three years, with $50,000 and 300,000 shares firm on signing. Transition retains 2.0% and 1.0% net smelter royalties, partly buyable, plus $1,000,000 on feasibility and $5,000,000 within 12 months of commercial production. CEO Scott McLean received the PGO Award of Merit.
AcquisitionTransition Metals Expands Gowganda Gold Project to 65 km², Commences Summer Exploration Program, and Confirms DTC Eligibility
The Gowganda Gold property in Ontario's Abitibi greenstone belt has been expanded to approximately 65 km² after claim staking along the Ridout-Tyrell Deformation Zone, giving near continuous coverage of ~15 km of a major east–west structure. A 2026 summer program is underway, focused on mapping, sampling, channel sampling, trenching and refining structural interpretations to generate drill-ready targets. Transition Metals also confirmed its common shares are approved for DTC clearing and settlement in the United States, a prerequisite to a planned OTC listing.
CorporateTransition Metals Corp. Closes $618,844 Private Placement
A non-brokered private placement of 5,381,250 flow-through units closed for gross proceeds of $618,844, each unit comprising one common share and half a warrant exercisable at $0.115 for 18 months. Finders, including Haywood Securities and StephenAvenue Securities, received $16,500 in cash fees and 206,250 broker warrants at $0.115 for 18 months. Proceeds will fund exploration at the Gowganda Gold and Saturday Night projects in Ontario, with 50% qualifying as Canadian Critical Metals Exploration Expenses.
FinancingTransition Metals Acquires Prospective Vanadium Project in Ontario and Updates Financing Plans
A 100% interest has been staked in the Empire Lake vanadium project, 97 single-cell claims totalling 2,027 hectares in northwestern Ontario, about 250 kilometres northwest of Thunder Bay. Historic and Transition work outlined a mineralized zone up to 1.8 kilometres long and 50–170 metres wide, with grab and channel samples up to 0.63% V₂O₅, 5.84% TiO₂ and 65.1% Fe₂O₃. The previously announced financing was reduced to up to $750,000 via 6,521,739 charity flow-through units at $0.115.
AcquisitionTransition Metals Resampling Highlights Broad Gold Intervals at Gowganda Project, Indicating Potential for a Larger Resource Opportunity
Relogging and resampling of four 2020 diamond drill holes at the 100%-owned Gowganda Gold Project in Ontario returned 30.10m of 0.77 g/t Au in GTHM-20-035, including 22.85m of 0.97 g/t Au with sub-intervals of 2.00m of 2.10 g/t Au and 2.85m of 2.76 g/t Au; GTHM-20-034 returned 23.00m of 0.51 g/t Au, including 7.00m of 1.20 g/t Au, and GTHM-20-033 returned 14.14m of 0.55 g/t Au. The holes were drilled for cobalt-silver targets with no gold assays previously reported. A targeted drill program is planned for the upcoming summer field season.
Drill resultsTransition Metals Corp. Vests 100% Interest in Pike Warden Property; Announces $1M Financing
A 100% interest has been vested in the Pike Warden porphyry-epithermal property in southern Yukon, after Transition Metals paid the optionor $120,000, issued 1,000,000 shares and spent $1,000,000 on exploration over four years; the optionor retains a 1% NSR. Work to date has identified over 30 high grade Au-Ag epithermal and Cu-Mo porphyry showings, and the company will seek a partner. A non-brokered private placement of up to $1,000,000 via 8,695,652 Charity Flow Through Units at $0.115 is also planned, funding the Saturday Night PGM, Dessert Lake U and Gowganda Au projects.
AcquisitionTransition Metals Exhibiting at PDAC 2026 – Booth #2126
Transition Metals Corp. will exhibit at the 2026 PDAC convention in Toronto from March 1-4, 2026, at Booth #2126 in the Investors Exchange at the Metro Toronto Convention Centre. The company will showcase a portfolio of over 23 projects and royalties, with opportunities available for partnership, option or acquisition. Attending team members include CEO Scott McLean, COO Greg Collins, Chief Geologist Tom Hart, Exploration Manager Ben Williams, Project Geologist Sarah Reese and Bill Stormont of Corporate Development.
CorporateTransition Metals Drilling Returns Broad Intervals of Copper and 3E PGE (Pt + Pd + Au) Mineralization at the Saturday Night Project
Drilling completed in December 2025 at the 100%-owned Saturday Night PGE project, 30 kilometres north of Thunder Bay, Ontario, totalled 1,463 metres across an extension hole and two new holes. SN-25-03-X returned 14.44m of 0.61 g/t 3E PGE and 0.13% Cu, including 4.64m of 1.24 g/t 3E PGE and 0.21% Cu; SN-25-05 returned 10.75m of 0.76 g/t 3E PGE and 0.18% Cu. The mineralized footprint now measures approximately 800m by 200m and remains open in all directions.
Drill resultsTransition Metals Provides Corporate Update and 2026 Outlook
A 2025 review and 2026 outlook covers exploration at Pike Warden in Yukon, where 2025 work included a ground IP survey, mapping that found four new polymetallic showings with samples up to >10,000 ppm Ag, 2.8 g/t Au, 1.9% Cu, 3.41% Mo and 4.31% Pb, and two diamond holes totaling 504 metres with no economic mineralization. At Saturday Night near Thunder Bay, Ontario, drilling completed in December 2025 (SN-25-03 extension plus SN-25-04 and SN-25-05, 1,463 metres) confirmed basal PGM-Cu-Ni mineralization over roughly 800 m by 200 m, with assays pending.
Corporate
202516 releases
Transition Metals Commences Follow-up Drilling at Saturday Night PGM Project amid Strengthening Platinum Markets
Drilling has resumed at the 100%-owned Saturday Night PGM project, about 30 kilometres northwest of Thunder Bay, Ontario, with a minimum of 1,500 m planned before year-end. The program will deepen hole SN-25-03 by up to 300 m to test the basal contact, plus holes targeting the up-dip extension of SN-25-02, which returned 14.00 metres grading 1.04 g/t 3E with 0.19% Cu. Officers and directors bought 333,333 Critical Flow Through Shares for $24,999.98.
Drill resultsTransition Metals Identifies Four New Polymetallic Showings at Pike Warden, Yukon, Including Samples Returning >10,000 ppm Silver and 3.4% Molybdenum
Assay results from 64 grab samples of bedrock and float at the Pike Warden project near Whitehorse, Yukon identified four new polymetallic showings — Apollo, Typhon, Signal and Bork — in the Olympus and Copper Junction target areas. Highlight values include >10,000 g/t Ag, 2.8 g/t Au, 1.90% Cu, 3.41% Mo and 4.31% Pb. Two drill holes at Copper Junction have been completed and the drill demobilized, with core sent to Whitehorse for logging and assays.
Drill resultsDrilling Initiated at Transition Metals’ Polymetallic Pike Warden Project, Yukon
A diamond drill has been mobilized to the 100% optioned 4,100 ha Pike Warden Project, 70 km south of Whitehorse, Yukon, to test select seasonally accessible targets among the 17 drill-ready sites outlined in the Copper Junction area during the 2025 summer program. Multiple holes are planned this fall, with completion expected within three to four weeks, weather dependent. Property sampling has returned values up to 48.1 g/t Au, 11,270 g/t Ag, 7.49% Cu and 2.37% Mo. Summer rock assays are pending.
Drill resultsTransition Metals Corp. Closes Previously Announced Private Placement
A non-brokered private placement of 10,108,439 critical flow through shares at $0.075 per share closed for aggregate proceeds of $758,133, with proceeds directed to the Saturday Night PGM project in Ontario and the Pike Warden Au-Ag-Cu project in Yukon. Finders including Haywood Securities, Castlewood Capital and Accilent Capital received $30,675.48 in cash and 409,006 broker warrants exercisable at $0.12 for 18 months. The Company also issued 1,950,000 options at $0.08 for five years, 500,000 RSUs and 1,000,000 DSUs.
FinancingTransition Metals Corp Upsizes Critical Flow Through Financing to $743,133
A non-brokered critical mineral flow-through private placement first announced September 22, 2025 has been upsized to $743,133 gross, comprising 9,908,439 Critical Flow Through Shares at $0.075 each. Finders may receive a 6% cash fee plus compensation warrants equal to 6% of shares sold, exercisable at $0.12 for 18 months from closing. Proceeds will fund exploration at the Saturday Night PGM project in Ontario and the Pike Warden Au-Ag-Cu project in Yukon, subject to TSX Venture Exchange approval.
FinancingTransition Metals Corp Announces a $700,000 Private Placement
A non-brokered private placement of up to 9,333,333 Critical Flow Through Shares at $0.075 each will raise up to $700,000 for Transition Metals Corp. Finders may receive a 6% cash fee plus warrants equal to 6% of CFT Shares sold, exercisable at $0.12 for 18 months from closing. Proceeds will fund exploration at the Saturday Night PGM project in Ontario and the Pike Warden Au-Ag-Cu project in Yukon, with a four-month resale restriction and TSX Venture Exchange approval required.
FinancingTransition Metals Defines Multiple Drill-Ready Copper Porphyry and Epithermal Gold-Silver Targets at Pike Warden
Summer 2025 field work at the 100% optioned Pike Warden Project in southern Yukon has outlined 17 drill-ready targets across four of five prospective areas (Copper Junction, Copper North, ERT and Golden Saddles), targeting copper porphyry and epithermal gold-silver systems. The program included 8.9 line-km of ground IP surveying over Copper Junction and Copper North and 64 rock samples submitted to ALS Chemex, with assays pending. The Company plans to mobilize a drill this fall to test 1 to 3 targets.
Drill resultsTransition Metals Resumes Exploration at its Pike Warden Epithermal-Porphyry Project, Yukon
A summer exploration program has begun at the Pike Warden epithermal gold-silver and porphyry copper project, 65 km south of Whitehorse, Yukon, funded by proceeds from the recent Fostung sale. Work includes a high-resolution ground induced polarization survey over the Copper Junction and Copper North targets, plus prospecting and geological mapping covering those targets and the ERT Zone, to set up drill testing this fall subject to results and market conditions. Prior sampling returned values up to 48.1 g/t Au, 11,270 g/t Ag, 7.49% Cu and 2.37% Mo.
Drill resultsNon-Dilutive Capital Strengthens Transition Metals’ Position to Advance Core Projects and Unlock Value Through Strategic Divestitures
Proceeds of US$2.5 million (approximately CDN$3.4 million) from the sale of its Fostung Property interest will fund exploration at the Pike Warden Project, 65 km south of Whitehorse, Yukon, and the Saturday Night Project, 30 km northwest of Thunder Bay, Ontario. Pike Warden summer fieldwork will target the Copper North, Copper Junction and ERT targets, while Saturday Night plans focus on deepening hole SN-25-03 to test the intrusion's basal contact. Transition is also evaluating divestiture options for non-core assets including Desert Lake, Wollaston Copper, Gowganda Gold, Maude Lake and Jolly Gold.
FinancingTransition Metals and 1930153 ON Ltd Sell the Fostung Tungsten Property for US$5,000,000 Cash
The Fostung Tungsten Property in Foster Township, Sudbury Mining District, Ontario has been sold to UAMY Cobalt Corporation, a subsidiary of United States Antimony Corporation, under an agreement dated June 26, 2025, for US$5,000,000 cash (approximately C$7.0 million) plus a 0.5% NSR royalty. Transition Metals and 1930153 ON Ltd each held 50% and will each receive US$2,500,000 and 0.25% NSR. The 1,114-hectare property hosts a 2007 historic inferred estimate of 12.4 million tonnes grading 0.213% WO₃.
AcquisitionTransition Metals Hits Thick Layered Intrusion with Anomalous Mineralization at Saturday Night Project, Thunder Bay, Ontario
Results from a two-hole, 1,417-metre drill program at the 100%-owned Saturday Night Project, 25 km north of Thunder Bay, Ontario, include hole SN-25-02 intersecting 14.00 m grading 1.04 g/t PGEs (Au+Pt+Pd) with 0.19% Cu, including 1.86 m at 2.55 g/t PGEs with 0.46% Cu. Hole SN-25-03 cut over 450 m of rift-related intrusion and a 15.02-metre interval (790.00–805.02 m) grading 472 ppm Cu and 142 ppm Ni, and was terminated at 830 m before reaching the basal contact.
Drill resultsTransition Metals and Aurum Lake Mining Provide Update on Homathko Gold Project
Two new exploration targets, Morris South and East Copper, have been identified at the Homathko Gold Project in British Columbia, where Aurum Lake Mining holds an option to acquire 100% of the claims. Grab sampling at East Copper returned up to 1.25% Cu and a separate sample of 1.64 g/t Au. Aurum has paid Transition Metals $120,000 and incurred roughly $150,000 in exploration expenditures, and the option agreement was amended per Aurum's March 10, 2025 release.
CorporateTransition Metals Reports 14m of Ni-Cu-PGM Mineralization Intersected at Saturday Night Project, Ontario
Hole SN-25-02 at the 100%-owned Saturday Night Project, 25 kilometres north of Thunder Bay, Ontario, intersected 14.00m grading 1.04 g/t PGEs (Au+Pt+Pd), 0.07% Ni and 0.19% Cu, including 1.86m at 2.55 g/t PGEs and 0.46% Cu. The hole was a roughly 200m step-out from discovery hole SN-16-01 and reached 587m depth. A second hole, SN-25-03, was drilled 400m south to 830m, with results pending; the two holes totalled 1,417 metres.
Drill resultsTransition Metals Secures Dessert Lake, a District-Scale Uranium Play in Northwest Territories, Canada.
Exclusive rights to stake mining claims across an approximate 713 square km area at Dessert Lake, located about 80 km west of Yellowknife, Northwest Territories, have been secured under prospecting licences valid for up to four years. The area covers a buried Mesoproterozoic redbed sandstone basin intersected by the Wopmay Fault. The project requires regional geophysical surveying and drilling, and the company will seek a partner to jointly advance the district play.
AcquisitionTransition Metals Commences Drill Program at its Saturday Night PGM Discovery, and will be in Attendance at VRIC and Roundup
Drilling has begun at the 100%-owned Saturday Night PGM project, 25 kilometres north of Thunder Bay, Ontario, with two holes totalling approximately 1,500 metres testing the basal contact of the Saturday Night layered intrusion. Half the cost, $200,000, is expected to be funded by a matching Ontario Junior Exploration Program grant. A 2016 hole returned 6.25 metres averaging 1.07 g/t PGMs, including 4.0 g/t PGM and 0.56% Cu over 0.30 metres. Company personnel will attend VRIC and AME Roundup.
Drill resultsTransition Metals Receives OJEP Grant Funding to Resume Drilling at its Saturday Night PGM Discovery in Early New Year
Matching grant funding of up to $200,000 under the 2024-25 Ontario Junior Exploration Program has been approved for the wholly owned Saturday Night PGM project, 30 kilometres northwest of Thunder Bay, Ontario, covering 50% of eligible exploration costs. A drill is expected to mobilize in early January 2025 for approximately 1,500 metres in a minimum of two holes, testing extensions to the 2016 discovery hole, which intersected 6.25 metres averaging 1.07 g/t PGM, including 4.0 g/t PGM and 0.56% Cu over 0.30 metres.
Drill results
20249 releases
Transition Metals Corp. Closes Previously Announced Private Placement
A non-brokered private placement of 3,999,998 Critical Flow Through Shares at $0.075 each has closed for proceeds of $299,999.85. Finders including Mine Equities Ltd. and Castlewood Capital Corporation received an aggregate $18,000 cash fee (6% commission), and Castlewood received 160,000 compensation warrants exercisable at $0.10 for 18 months from closing. Proceeds will fund exploration at the Saturday Night PGM project in Ontario and the Pike Warden Au-Ag-Cu project in Yukon; securities are restricted until March 26, 2025.
FinancingTransition Metals Corp. Announces a $300,000 Private Placement
A $300,000 non-brokered private placement is planned, consisting of 4,000,000 critical flow-through shares at $0.075 per share. Finders will receive a 6% cash fee on the total financing plus 6% compensation warrants on $200,000 of the financing, exercisable at $0.10 per share for 18 months from closing. Proceeds will fund exploration at the Saturday Night PGM project in Ontario and the Pike Warden Au-Ag-Cu project in the Yukon, subject to TSX Venture Exchange approval.
FinancingTransition Metals Further Defines Cu-Au Porphyry Targets at Pike Warden, Yukon
Summer exploration at the Pike Warden project near Whitehorse, Yukon returned assay values up to 1.04 g/t Au, 3.63% Cu, 1.37% Mo, 2.61% Zn and 0.12% W from 79 samples, confirming four new mineralized showings (Steam, Whistle, Contrition, Daedalus) and bringing the property total to 29. Final ZTEM survey data flown by Geotech identified a large conductivity anomaly at Copper Junction, at the intersection of two structural trends. The company is prioritizing targets in preparation for drill testing.
Drill resultsTransition Metals Completes ZTEM Survey and Initiates Field Program at Pike Warden, Yukon
Geotech Ltd. has completed an approximately 650-line-kilometre helicopter-borne ZTEM survey at the Pike Warden property, 65 km southwest of Whitehorse, Yukon, with Condor North Consulting retained to interpret the AFMAG and magnetic data and build 3-D resistivity and magnetic inversion models; its final report is pending. A ground field program has begun, focused on detailed geological mapping and sampling across four target areas — the ERT Zone plus the Copper North, Silver Train and Olympus copper porphyry targets — ahead of potential drilling this fall.
Drill resultsTransition Metals Initiates ZTEM Survey at Pike Warden, Yukon
A helicopter-borne Z-Axis Tipper Electromagnetic (ZTEM) survey of approximately 650 line-kilometres has begun at the Pike Warden property in Yukon, flown by Geotech Ltd., with AFMAG data to be used for 3-D resistivity and magnetic inversion models to prioritize targets. Completion is expected within a couple of days, with preliminary data shortly after and final data and reports within eight weeks. Sampling, bedrock and alteration mapping are planned to resume starting mid-July.
Drill resultsTransition Metals Validates Copper Porphyry Potential at Pike Warden Project, Yukon
Petrographic and trace-element geochemical studies on 26 rock samples from the Pike Warden project in Yukon identified high-temperature potassic porphyry-style copper-molybdenum alteration overprinted by later epithermal alteration, with one 2023 sample from the Copper North showing returning 2.3% Cu. Multiple sites show elevated MPIx porphyry index values near caldera-related structures. The project has been approved for up to $50,000 under the Yukon Mineral Exploration Program for 2024-2025. Geotech Ltd. has been contracted for a helicopter-borne ZTEM survey, with field work starting in July.
NewsTransition Metals Further Strengthens Board, Appointing Ashley Kirwan as Director
Ashley Kirwan, P.Geo., ICD.D, has been appointed to the board of Transition Metals Corp, effective April 29, 2024, bringing the board to six directors, five of them independent. Kirwan is co-founder, President and CEO of Orix Geoscience and a director of EGR Exploration, Newbreak Resources, Qualitica Consulting and Orix Geoscience. The Company also issued 2,090,000 stock options exercisable at $0.06 per share for five years, 350,000 RSUs vesting within three years, and 1,700,000 DSUs to directors, officers and employees.
ManagementTransition Metals Attending PDAC, Strengthens Board Post-AGM
Shareholders approved all matters at the annual general meeting held February 21, 2024 in Toronto, electing Scott McLean, Jason Marks, Thomas Atkins, Brian Montgomery and Jordan Black as directors, appointing McGovern Hurley, LLP as auditors and approving the Omnibus Equity Compensation Incentive Plan. Jordan Black, P.Eng., CEO of Ramp Metals Inc., joins as a new director. Company representatives will be at Booth #2126 in the Investors Exchange at the PDAC convention, March 3-6 at the Metro Toronto Convention Centre.
CorporateTransition Metals Strengthens Team and Sets Stage for Promising 2024
Bill Stormont has joined Transition Metals as Manager of Business Development, leading efforts to source transactions and partnerships with mid-tier to senior companies across the Company's 20-project pipeline. The Company closed a $1 million non-brokered financing in June and ended the year with roughly $1.2 million in cash and $2.0 million in marketable securities and holdings in associated companies. Plans for 2024 include fieldwork, geophysics and drilling at the Pike Warden Au-Ag-Cu project in Yukon and follow-up drilling at Maude Lake, Ontario, where assays from two late-November holes are pending.
Management
202316 releases
Transition Metals Provides an Update on its Pike Warden Project and Will Present Results at the Yukon Geoscience Forum and Trade Show
Assays from 78 surface grab and float samples collected in September 2023 confirmed three new polymetallic showings — Nemean Lion, Minotaur and Hercules — at the Pike Warden project 65 km southwest of Whitehorse, Yukon, bringing the total to 25 showings. Highlight grab values were 2.91 g/t Au, 6.50 g/t Ag and >1% Mo. High-resolution LiDAR, orthophotography and multispectral alteration mapping identified new target corridors, and the Company will refine targets for diamond drilling and seek Yukon permits for next season.
CorporateTransition Metals Provides Update on Remote Sensing and Field Programs at the Pike Warden Project, Yukon
Two new molybdenite occurrences were discovered in a previously unsurveyed northeastern portion of the Pike Warden project near Whitehorse, Yukon, during a late-September sampling program that collected 78 surface grab and float samples; assays from ALS-Chemex are expected in mid-November. WorldView-3 multispectral data collected August 27, 2023 identified a corridor of sericite, pyrite, iron-oxide and potassic alteration, prompting staking of 18 additional claims covering approximately 376 ha. LiDAR and orthophotography deliverables have been received; drill targets are being refined.
Drill resultsTransition Metals Discovers Additional High Grade Polymetallic Mineralized Zones, and Provides Exploration Update for the Pike Warden Project, Yukon
Prospecting grab samples from the Pike Warden project near Whitehorse, Yukon returned values up to 954 g/t Ag, 0.312 g/t Au, 2.32% Cu, 13.85% Pb, 0.42% Zn and 0.72% Mo, identifying four new showing areas — Artemis, Hyperion, Chronos and ERT West — and bringing the property total to 22 mineralized showings. The July program collected 116 rock and 109 soil samples. LiDAR/orthophotography was flown August 10, 2023 and WorldView-3 multispectral data collected August 27, 2023, with results pending; follow-up sampling is planned.
Drill resultsTransition Metals Commences Hyperspectral and LiDAR surveys on Pike Warden Project in the Yukon, and Mobilizes Field Crews
Hyperspectral and LiDAR surveys have begun on the Pike Warden project, located about 65 kilometres southwest of Whitehorse, Yukon, with PhotoSat contracted for hyperspectral mapping and Pioneer Exploration Consultants Ltd. for the property-wide LiDAR survey. A multi-person, 10-day field program of mapping, sampling and hand trenching has also been mobilized. Eighteen mineralized zones have been identified to date; 2022 drilling of one showing returned 21.34 m grading 91.43 g/t Ag, including 1.52 m at 362 g/t Ag. The property comprises 185 claims totalling about 37 km².
Drill resultsTransition Metals Corp. Closes One Million Dollar Private Placement
A non-brokered private placement has closed for proceeds of $1,000,014, comprising 9,770,750 units: 1,897,000 units at $0.08 ($151,760), 4,250,000 flow-through units at $0.10 ($425,000) and 3,623,750 special flow-through units at $0.1168 ($423,254), each with a half warrant exercisable at $0.15 for 24 months. Finders Haywood Securities, Sherbrooke Street Capital and Accilent Capital received $28,800 in cash fees and 324,750 broker warrants. Unit proceeds fund exploration and working capital; flow-through proceeds fund Canadian Critical Metals Exploration Expenses.
FinancingTransition Metals Completes Ground Fixed Loop Electromagnetic Survey and Receives OJEP Grant Funding for Maude Lake Project, Ontario
A ground fixed loop electromagnetic survey covering 174 hectares has been completed at the Maude Lake nickel property near Schreiber, Ontario, identifying a large conductive target down dip from previously drilled mineralization, coincident with an off-hole borehole EM anomaly in hole ML-22-03. Transition Metals has also been selected for an Ontario Junior Exploration Program grant of up to $200,000, covering 50% of eligible exploration costs. Prior drilling returned 20.01 metres averaging 0.33% Ni, 0.28% Cu and 0.13 g/t PGM in ML-22-01.
Drill resultsTransition Metals Identifies a Large Gold Exploration Target Associated with a Camp Scale Extension of the Beardmore-Geraldton Greenstone Belt, Ontario
Field work in 2021 and 2022 at the 4,560-hectare Jolly Gold property, one hour north of Thunder Bay, Ontario, has defined a gold exploration target along a 4-kilometre trend of elevated gold pathfinder elements in soil, with gold values up to 50 times background. At the Fat Beagle north showing, 29 channel samples over 17.08 metres averaged 5.23 g/t Au, including 146.7 g/t Au over 0.45 metres. At the Roadside showing 1.2 kilometres east, 12 samples over 8.94 metres averaged 0.28 g/t Au.
Drill resultsTransition Metals Corp Announces up to One Million Dollars Private Placement
A non-brokered private placement to raise a minimum of $500,000 and up to $1,000,000 is planned, comprising up to 4,000,000 flow-through units at $0.10, up to 3,424,658 charity flow-through units at $0.1168, and 2,500,000 hard dollar units at $0.08, each unit including a common share and half warrant exercisable at $0.15 for two years. Flow-through proceeds will fund the Maude Lake Ni-Cu-PGM and Saturday Night PGM properties in Ontario and Pike Warden Au-Ag-Cu in the Yukon.
FinancingTransition Metals Detects Large Off-hole Conductive Target on its Ni-Cu-Co Maude Lake Project, Ontario
Borehole electromagnetic surveys at the Maude Lake Ni-Cu-Co project near Schreiber, Ontario detected a large untested off-hole conductor from hole ML-22-03 at 160 metres downhole, southeast and down dip, larger and more conductive than anomalies in holes ML-22-01 and ML-22-02, with conductivity increasing in size and strength with depth. Prior drill sampling returned 20.01 metres of 0.50% Ni Eq in ML-22-01 and 7.52 metres of 0.65% Ni Eq in ML-22-02. Transition plans to test the anomaly in the coming weeks.
Drill resultsTransition Metals Receives Class 1 Notification, Permitting Exploration Activities on its Pike Warden Au-Ag-Cu Project in the Yukon and Engages Media Services
An approved Quartz Class 1 Notification has been received from the Yukon Government for the Pike Warden Au-Ag-Cu project, 65 km southwest of Whitehorse, allowing prospecting, geological mapping, hand trenching and percussion reverse circulation drilling. A 2023 program of prospecting, mapping and hand trenching is planned, with an RC drill program under consideration at the ERT Zone, where maiden drilling returned up to 104.64 g/t AgEq over 21.34 metres. Mining Investor Resources Media Ltd. was engaged for 12 months from April 11, 2023 for $39,000.
CorporateTransition Metals Congratulates SPC Nickel on Its Progress
Transition Metals holds 9,321,868 shares of SPC Nickel, roughly 7.5% of SPC's outstanding shares, following the 2021 spin-out and share dividend. SPC's eighth hole at the West Graham Nickel Project in Sudbury, Ontario (WG-23-026) intersected a 143.0 metre zone (76.0-219.0 metres) of disseminated to blebby sulphides including a 7.80 metre interval (170.05-179.9 metres) of massive to semi-massive sulphide. SPC has also consolidated a 650 km² package at the Muskox Ni-Cu-PGM project in Nunavut.
CorporateTransition Provides Update on Pike Warden Au-Ag-Cu Project, Yukon
Preliminary synchrotron mineral cluster analysis of 57 pulp samples from the Pike Warden Au-Ag-Cu property, 65 km southwest of Whitehorse, Yukon, identified seven mineralogical domains, with Domain 1 comprising 47 samples (82%) and associated with the highest gold and silver concentrations, spanning the entire sampled area. Transition maintained its option to acquire 100% of the property by paying $30,000 cash and 200,000 common shares, keeping it in good standing until March 1, 2024. The project was approved for a $50,000 YMEP grant for 2022 work, and 2023 plans include prospecting, mapping, hand trenching and a possible RC drill program.
CorporateTransition Metals Announces Results of Annual General Meeting
Shareholders approved all items at Transition Metals' Annual General Meeting held February 24, 2023 in Toronto, electing directors Thomas Atkins, Jason Marks, Scott McLean and Brian Montgomery, ratifying UHY McGovern Hurley LLP as auditors, and ratifying the Omnibus Equity Incentive Compensation Plan. A total of 19,441,586 common shares were voted, representing 33.896% of shares issued and outstanding at the record date. Long-serving board members Jon Baird and William Pearson retired by not standing for re-election.
CorporateTransition Metals Options Homathko Property to Aurum Lake Mining Corp. and Engages IR Services
An option agreement with Aurum Lake Mining Corporation grants Aurum the right to acquire 100% of the Homathko Gold Project in British Columbia's Cariboo Region, comprising 35 claims over 30,971 hectares. Aurum paid $20,000 on signing, must pay a further $450,000 and incur $500,000 in work expenditures over two years, and pay $5,000,000 on commencement of commercial production, with Transition retaining a 2.0% NSR. The transaction will serve as Aurum's Qualifying Transaction. Transition also engaged Raven Waschilowski for investor relations at $3,750 per month for one year from February 6, 2023.
AcquisitionTransition Metals to Host Webcast to Discuss Drill Results from its Pike Warden Au-Ag-Cu Project and Announces Participation at AME Roundup 2023
A live webcast is scheduled for January 24, 2023 at 1 pm Eastern Time to discuss a detailed analysis of drill results from the Pike Warden Au-Ag-Cu Project. Shallow RC drilling at the ERT zone, announced January 16, returned significant silver grades in the project's maiden drill program; ERT is one of 18 identified mineralized zones on the property. Transition Metals will also exhibit at AME Roundup 2023 in Vancouver, January 23-24, at booth 6.
CorporateTransition Metals Intersects Bonanza Silver Mineralization in Shallow RC Drilling at ERT Zone, Pike Warden Property, Yukon
Shallow reverse-circulation drilling at the ERT Zone on the Pike Warden Au-Ag-Cu property, 65 km southwest of Whitehorse, Yukon, returned 16.76 metres grading 93.95 g/t AgEq including 1.5 metres at 482.95 g/t AgEq in hole 22-PW-01, 21.34 metres at 104.64 g/t AgEq including 1.5 metres at 399.10 g/t AgEq in 22-PW-02, and 12.19 metres at 52.96 g/t AgEq in 22-PW-03. Three holes totalling 204.2 metres were completed in October 2022, the first drilling on the 37 km² property.
Drill results
202213 releases
Transition Metals Intersects 20.01 metres averaging 0.5 % Ni Eq, including 4.00 metres averaging 0.9 % Ni Equivalent at Maude Lake Project, Schreiber, Ontario
Drilling at the Maude Lake project, 10 km north of Schreiber, Ontario, returned 20.01 metres averaging 0.50% Ni Eq, including 4.00 metres at 0.90% Ni Eq, in hole ML-22-01; hole ML-22-02 returned 7.52 metres at 0.65% Ni Eq, including 1.17 metres at 2.54% Ni Eq, and ML-22-03 returned 4.04 metres at 0.27% Ni Eq. The September program comprised 3 NQ diamond drill holes totalling 561 metres testing a 300x500 metre VTEM conductor. Borehole EM surveying and ground EM work are planned.
Drill resultsTransition Mobilizes Drill to the Pike-Warden Property, Yukon, to Test High Grade Silver Showing
A reverse circulation drill has been mobilized to the Pike-Warden property, about 70 km southwest of Whitehorse, Yukon, for three holes totalling 150-300 metres at the ERT Zone, the first drilling on the project. Hand trenching at the ERT Zone in July returned 42 metres grading 64.28 g/t Ag Eq, including 7.80 metres at 170.63 g/t Ag Eq, with 0.70 metres at 539.72 g/t and 0.4 m at 563.97 g/t Ag Eq. Drilling is by Subterra Exploration Ltd., assisted by Archer Cathro.
Drill resultsTransition Sampling Returns 1,215 g/t Silver and Confirms Multiple Zones of High-Grade Silver and Gold Mineralization at the Pike-Warden Property, Yukon and Issues Stock Options
Surface sampling of 104 rock samples collected in late July at the 37 km² Pike-Warden property, 65 km southwest of Whitehorse, Yukon, returned values up to 11.8 g/t Au, 1,215 g/t Ag, 5.11% Cu and >20% Pb across six showings. Chip sampling at the ERT Zone averaged 42 metres grading 64.28 g/t Ag Eq, including 7.80 metres at 170.63 g/t Ag Eq and 0.40 metres at 563.97 g/t Ag Eq. On September 29, 2022, the company issued 1,500,000 stock options exercisable at $0.07 for five years.
Drill resultsTransition Metals Reports 17 metres Grading 0.46 % Ni Including 4.26 metres Grading 1.27 % Ni from Summer Channel Samples and Commences Diamond Drilling at its Maude Lake Project near Schreiber, Ontario
Channel sampling at the Maude Lake property near Schreiber, Ontario returned 17.01 metres averaging 0.46 % Ni, 0.35 % Cu and 0.03 % Co, including 4.26 metres grading 1.27 % Ni, 0.84 % Cu and 0.08 % Co, and 8.17 metres averaging 0.50 % Ni including 1.70 metres at 1.61 % Ni. A total of 13 channel samples were taken over a 45-metre strike length. A diamond drill will be mobilized shortly to test an untested conductor measuring approximately 300 by 500 metres, modelled dipping south-southeast at 150 metres vertical depth.
Drill resultsTransition Metals Initiates Diamond Drilling at its Aylmer Cu-Au Project, Sudbury Area, Ontario
A 1,250 metre diamond drill program has commenced at the Aylmer Cu-Au project, comprising 119 mining claims over 3,312 hectares about 50 kilometres northeast of Sudbury, Ontario. Three targets will be tested within a mineralized breccia system measuring roughly 1000 m by 400 m and extending to at least 400 metres vertical depth: the Hilltop Breccia, the Copper Trench Breccia, and a deep-rooted magnetotelluric anomaly. Funding is supplemented by Ontario Junior Exploration Program grants.
Drill resultsTransition Metals Provides Update on Field Programs in Ontario
Fieldwork updates were provided on three Ontario projects. At Maude Lake, stripping, channel sampling and mapping expanded known surface Ni-Cu-Co-PGM mineralization to roughly 20 by 80 metres, and 1,000 metres of drilling is planned to test the mineralization and an untested VTEM conductor. At Jolly Gold, three trenches were opened within a 300-metre MMI target and 1,080 additional MMI soil samples were collected over a 9 by 2 kilometre area, with results pending. A drill is mobilizing to the Aylmer Cu-Au property near Sudbury for a 1,500 m program, part of a $400,000 budget with 50% refunded by the Ontario Junior Exploration Program to a maximum of $200,000.
Drill resultsTransition Metals Options the Pike-Warden, High Grade Au-Ag-Cu Property, Yukon
An option agreement has been signed to acquire a 100% interest in the Pike-Warden Au-Ag-Cu property, 185 claims totalling about 37 km² located roughly 65 km southwest of Whitehorse, Yukon. Terms require $150,000 cash ($10,000 on signing), 1,000,000 shares and $1,000,000 in work over four years, with the vendor retaining a 1% NSR and a $1,500,000 milestone payment after commercial production. Historic grab samples from six undrilled showings returned up to 48.10 g/t Au, 11,270 g/t Ag and 7.49% Cu.
AcquisitionTransition Metals Attending the PDAC Conference; Projects Available for Option and Purchase
Transition Metals will attend the Prospectors and Developers of Canada conference in Toronto from June 13 to 15, with CEO Scott McLean, COO Greg Collins and VP Exploration Tom Hart available to meet investors and potential partners. The company is seeking option or purchase arrangements for 10 of its 22 projects, all held 100%, including Burin, Lewisporte & Porterville and Duntara Copper in Newfoundland & Labrador, Maude Lake, Bancroft, Saturday Night, Jolly Gold and Gowganda Gold in Ontario, Wollaston Copper in Saskatchewan and Dessert Lake in the NWT.
CorporateTransition Metals to Explore Highly Conductive Features on its Maude Lake Ni-Cu-Co-PGM Property, Ontario
A field programme of geological mapping, trenching and sampling has begun at the Maude Lake Ni-Cu-Co-PGM property near Schreiber, Ontario, to confirm airborne VTEM/Mag targets ahead of drilling this summer. The untested conductive anomaly covers roughly 300 metres by 500 metres near the Maude Lake showing, is strongest below 100 metres depth, and is more strongly conductive than the response from known mineralization. The 1,398-hectare property hosts channel samples of 2.09% Ni, 0.64% Cu and 0.32 g/t PGM over 4.0 metres.
Drill resultsTransition Metals Highlights Prospective Base and Precious Metal Properties in Newfoundland
An update on four wholly owned Newfoundland properties: Duntara copper (2,450 ha, Bonavista Peninsula), Burin gold (4,475 ha), Lewisporte gold (100 ha) and Porterville gold (375 ha). Cited historic results include Noranda drilling of 1.0% Cu and 12.1 g/t Ag over 14.25 m at Duntara, 9.3 g/t Au over 30 cm and 2.8 g/t Au over 3.0 m at Lewisporte, and 6.99 g/t Au over 1.0 m at Porterville. An airborne Mag-VTEM survey is planned at Burin, and the company is seeking joint venture partners.
Drill resultsTransition Metals Reports the Return of the Gowganda Cobalt Property
Battery Minerals Resources has returned the Gowganda Cobalt Property to Transition Metals, giving the company 100% ownership of more than 86 square kilometres in and around the Cobalt Silver Camp in Ontario, including the Haultain gold discovery. Data received on return showed Battery drilled 2,165 metres between June 30 and August 19, 2021, intersecting 4.75 metres of 1,475 g/t silver in hole GE21001, including 0.50 metres at 13,948 g/t silver and 0.18% cobalt, plus 4.00 metres at 255.45 g/t silver in GE21001W1. Transition is seeking a new partner.
AcquisitionTransition Metals Announces Results of the Annual and Special General Meeting of Shareholders
All six director nominees — Thomas Atkins, Jon Baird, Jason Marks, Scott McLean, Brian Montgomery and William Pearson — were re-elected at Transition Metals' Annual and Special General Meeting held February 24, 2022, where 15,888,519 common shares, or 27.82% of issued and outstanding shares, were represented. Shareholders also re-appointed McGovern Hurley LLP as auditor, authorized the directors to fix its remuneration, and approved the Company's Omnibus Equity Incentive Compensation Plan with 94.52% support.
CorporateTransition Completes VTEM Airborne Geophysical Survey; Conductors Identified adjacent to mineralized showings at its Maude Lake Ni-Cu-Co-PGM Property, Ontario
A 350 line-kilometre airborne VTEM and magnetic survey has been completed over the Maude Lake Ni-Cu-Co-PGM property near Schreiber, Ontario, a 1,398-hectare claim package. Preliminary results identified large, untested conductive anomalies close to two known mineralized zones, the Maude Lake showing, where 2019 channel samples returned 2.09% Ni, 0.64% Cu and 0.32 g/t PGM over 4.0 metres, and the Ansell Lake showing. Data interpretation is ongoing, with a drill program planned.
Drill results