Base Metals

CMC Metals Ltd. (TSX-V:CMB)(Frankfurt:ZM5N)(OTC PINK:CMCXF) ("CMC" or the "Company") is pleased to announce that advance field crews have been mobilized to our exploration projects in Newfoundland, Canada. In addition, the Company is working to reopen the access road to our flagship Silver Hart property in Yukon in advance preparations for crew mobilization in mid June

The Company further wishes to announce that they have hired Mr. Brigido Campillo as Chief Geologist. Mr. Campillo has over 25 years of experience in mineral exploration and project management. He has worked in a senior capacity in numerous exploration and mine projects with companies including Vizsla Resources, Endeavour Silver Corp., Great Panther Silver, Orenex Silver Corp, Apex Silver Mines LDC, Monarca Minerals, Goldcorp and others. He has considerable experience in a broad range of deposit styles including extensive work in epithermal deposits (including veins, skarn and carbonate replacement style mineralization).

Mr. John Bossio, Chairperson noted, "We are pleased to initiate the most aggressive exploration program that CMC has ever attempted to undertake in the Company's history. This will be an exciting season for us, and we are confident that exploration efforts will enhance shareholder value."

Mr. Kevin Brewer, President and CEO stated: "We are extremely pleased to have Brigido join our team as he has a wealth of experience that is perfectly suited to our CRD/vein/skarn targets in Yukon/northern British Columbia. Brigido will utilize his first-hand knowledge to advance the understanding of mineralization at Silver Hart."

Mr. Brewer added, "We are launching an aggressive exploration program this season. Initially we are conducting a lot of geological mapping and prospecting activities on our early-stage Newfoundland properties namely Terra Nova, Bridal Veil and Rodney Pond. Our primary objective on these properties is to determine whether they warrant advanced exploration efforts. The crews will then be mobilized to Yukon in mid-June where advanced exploration efforts on Silver Hart are focussed on resource expansion. Also, at Amy and Silverknife we plan to advance both projects to drill ready stage. We have identified significant targets on all three projects. Permitting was filed in January for the properties in British Columbia and we will soon be initiating First Nations consultation efforts. Silver Hart is fully permitted."

Qualified Person

Qualified Person Kevin Brewer, a registered professional geoscientist, is the Company's President and CEO, and Qualified Person (as defined by National Instrument 43-101). He has given his approval of the technical information pertaining reported herein. The Company is committed to meeting the highest standards of integrity, transparency and consistency in reporting technical content, including geological reporting, geophysical investigations, environmental and baseline studies, engineering studies, metallurgical testing, assaying and all other technical data.

About CMC Metals Ltd.

CMC Metals Ltd. is a growth stage exploration company focused on opportunities for high grade polymetallic deposits in Yukon, British Columbia and Newfoundland. Our polymetallic silver-lead-zinc CRD prospects include the Silver Hart Deposit and Blue Heaven claims (the "Silver Hart Project") and Rancheria South, Amy and Silverknife claims (the "Rancheria South Project"). Our polymetallic projects with potential for copper-silver-gold and other metals include Logjam (Yukon), Bridal Veil, Terra Nova and Rodney Pond (central Newfoundland).

On behalf of the Board:

"John Bossio"

John Bossio, Chairman
CMC Metals Ltd.

For Further Information and Investor Inquiries:

Kevin Brewer, P. Geo., MBA, B.Sc. (Hons), Dip. Mine Eng.
President, CEO and Director
Tel : (709) 327 8013
kbrewer80@hotmail.com
Suite 615-800 Pender St.
Vancouver, BC
V6C 2V6

To be added to CMC's news distribution list, please send an email to info@cmcmetals.ca or contact Mr. Kevin Brewer directly.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

"This news release may contain certain statements that constitute "forward-looking information" within the meaning of applicable securities law, including without limitation, statements that address the timing and content of upcoming work programs, geological interpretations, receipt of property titles and exploitation activities and developments. In this release disclosure regarding the potential to undertake future exploration work comprise forward looking statements. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks, including the ability of the Company to raise the funds necessary to fund its projects, to carry out the work and, accordingly, may not occur as described herein or at all. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, the impact of the constantly evolving COVID-19 pandemic crisis and continued availability of capital and financing and general economic, market or business conditions. Readers are referred to the Company's filings with the Canadian securities regulators for information on these and other risk factors, available at www.sedar.com. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation."

SOURCE:CMC Metals Ltd.



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https://www.accesswire.com/700734/CMC-Announces-Exploration-Operations-Have-Commenced-on-Its-Newfoundland-Properties-and-the-Appointment-of-a-New-Chief-Geologist

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CMC Metals Ltd. Closes C$3,151,780 Non-Brokered Private Placement

CMC Metals Ltd. Closes C$3,151,780 Non-Brokered Private Placement

CMC Metals Ltd. (TSXV:CMB)(Frankfurt:ZM5P)(CMCXF:OTC PINK) ("CMC" or the "Company") is pleased to announce that the Company has closed a non-brokered private placement (the "Offering") for gross proceeds of C$3,151,780.18 from the sale of 13,761,998 non-flow-through units of the Company (each, a "NFT Unit") and the sale of 6,396,944 flow-through units of the Company (each, a "FT Unit

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Positive Geophysical Survey Results at Silver Hart are Integrated into the Design of the 2022 Drill Program

Positive Geophysical Survey Results at Silver Hart are Integrated into the Design of the 2022 Drill Program

CMC Metals Ltd. (TSXV:CMB)(Frankfurt:ZM5P)(OTC PINK:CMCXF) ("CMC" or the "Company") is pleased to announce that Intelligent Exploration ("IE') has completed a detailed interpretation of the SkyTEM airborne geophysical survey that recommends drill testing of Targets T-1 and T-4 at its flagship Silver Hart Project, south-central Yukon. Dr. Chris Hale and John Gilliatt of IE have recommended an initial 5,000-meter drill program to provide up to three drill holes on sections spaced 100 meters apart over each conductor

Chart, surface chartDescription automatically generated

Figure 1: Total Magnetic Intensity ("TMI") Map: The magnetic data divide the Silver Hart and Blue Heaven properties into areas of higher TMI (likely underlain by intrusive rocks - Cassiar Batholith) and low TMI (indicated by green and blue colors - likely sedimentary rocks. Note that that SkyTEM Targets T-1 and T-4 occur within the lower TMI areas (sedimentary domains), at or near the Batholith contact.

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CMC Commences Magnetometer Surveys on its Newfoundland Properties

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CMC Metals Ltd. (TSXV:CMB)(Frankfurt:ZM5P)(OTC PINK:CMCXF) ("CMC" or the "Company") is pleased to announce that ground magnetometer surveys have commenced on its Newfoundland properties in the Gander Zone. McKeown Exploration Services Ltd. of St. John's Newfoundland have been contracted to conduct approximately 210-line kilometers of ground magnetometer surveys on the Bridal Veil Property (approximately 155-line kilometers); Terra Nova (approximately 35-line kilometers) and Rodney Pond (approximately 20-line kilometers). Data will be collected over the next four weeks and then interpreted by Dr. Chris Hale and John Gilliatt of Intelligent Exploration Services. Dr Hale is on the advisory board of CMC Metals Ltd. and is responsible for the design and interpretation of all geophysical surveys completed by the Company

Ground magnetic surveys can help provide detection of mineralization associated with large- and local-scale structures (faults, dykes, shear zone etc,). The survey data can provide information about variations in the near surface geology as well as at depth. Ground magnetic surveys are also used to identify demagnetised zones which are an indicator of areas that have been subjected to hydrothermal activity. The heat of hydrothermal activity and fluid movements often demagnetizes rocks. Another benefit of these surveys is that they can cover a lot of area in a relatively inexpensive manner.

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CMC Files Drill Permits for Amy and Silverknife Properties, Rancheria Silver District, Northern BC

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CMC Metals Ltd. (TSXV:CMB)(Frankfurt:ZM5P)(OTC PINKS:CMCZF) ("CMC" or the "Company") is pleased to announce that it has completed filing for exploration applications for the Amy and Silverknife projects. The permits include a wide range of proposed exploration activities on both properties including but not limited to geophysical and geochemical surveys, access road upgrading, new trailroad development, drill and clearing pad construction and drilling. The permits are filed with the Ministry of Energy, Mines and Petroleum Resources, Government of British Columbia and permit reviews for multi-year permits of this nature typically take in the range of 4-6 months to complete

At Silverknife, in the southern part of the property, our intent is to conduct geological mapping and prospecting to determine the extent of specific prospective geological units that are known to host the Silvertip Mine owned by Coeur Mining Ltd. The results of those efforts will guide decisions on advanced exploration in that area of the Property. However, most of the proposed exploration is planned to take place in the northern part of the Property to follow up on four known geochemical anomalies in that area and possible extensions of the existing Silverknife prospect identified by the 2021 SkyTEM airborne geophysical survey. A gravity survey will be initiated as soon as spring conditions allow, and the results of that survey are then expected to guide drill site selection. The Silverknife Prospect is located directly on the western boundary of the Silvertip Mining claims and the mine and mill are located approximately 1 km east-southeast of the Prospect.

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CMC Options a Third High-Grade Copper-Silver Property in the Highly Prospective Gander Subzone in Central Newfoundland - Rodney Pond

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CMC Metals Ltd. (TSXV:CMB)(Frankfurt:ZM5P)(OTC PINK:CMCZF) ("CMC" or the "Company") is pleased to announce that it has acquired an option to earn up to a 100 percent working interest in the Rodney Pond Property in the highly prospective Gander Subzone in Central Newfoundland, subject to an option agreement (the "Agreement") with Nancy, Stephen and Larry Rogers (the "Prospectors") of Hare Bay, Newfoundland. Terms of the option agreement are subject to TSX Venture Exchange approval

Pursuant to the terms of the Agreement, the Company will pay $10,000 (CDN) and 50,000 common shares of CMC Metals Ltd. upon Execution of the Agreement and additional payments will be made on the first anniversary and in the following years to the Prospectors as follows:

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DIRECTORS

NUMBER OF SHARES PERCENTAGE OF VOTES
CAST
FOR WITHHELD/
ABSTAIN
FOR WITHHELD
Margaret M. Beck 44,199,571 1,947,032 95.78% 4.22%
Ricardo M. Campoy 44,287,849 1,858,754 95.97% 4.03%
Bradford J. Cooke 42,952,074 3,194,529 93.08% 6.92%
Daniel Dickson 45,220,569 926,034 97.99% 2.01%
Amy Jacobsen 45,163,634 982,969 97.87% 2.13%
Rex J. McLennan 42,409,137 3,737,465 91.90% 8.10%
Kenneth Pickering 44,867,006 1,279,596 97.23% 2.77%
Mario D. Szotlender 44,085,535 2,061,067 95.53% 4.47%

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A total of 131,361,761 common shares were represented at the meeting, being 62.41% of the Company's issued and outstanding common shares as at the record date. Shareholders voted in favour of all matters brought before the meeting, including the appointment of auditors for the ensuing year, the acceptance of the Company's approach to executive compensation, known as "say-on-pay", and the election of management's nominees as directors.

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