Metallum signs Negotiation Agreement with the Pays Plat First Nation

Metallum signs Negotiation Agreement with the Pays Plat First Nation

(TheNewswire)

Metallum Resources Inc.

HIGHLIGHTS

  • Metallum and Pays Plat First Nation ("PPFN") have signed a Negotiation Agreement (the "Agreement") to advance the development of the Superior Lake Zinc Project

  • This Agreement outlines the negotiating terms for the Impact Benefit Agreement ("IBA") which is the final agreement required before mine development commences

  • The Company and PPFN aim to finalize the IBA during 2H2022

Vancouver, BC – TheNewswire – June 14, 2022 - Metallum Resources Inc. (TSXV:MZN) ("Metallum" or the "Company") and Pays Plat First Nation ("PPFN") are proud to announce the signing of a Negotiation Agreement (the "Agreement") for the Superior Lake Zinc Project ("Project") in Ontario, Canada .

PPFN is the primary First Nation Group where the Project is located. The signing of this Agreement with PPFN is a major milestone, as it progresses regulatory approval for early-stage development works, and more importantly, outlines the timeline and key terms for the Impact Benefit Agreement ("IBA").  Both the Company and PPFN aim to have an IBA agreed and signed later this year. The IBA is a formal, written agreement that helps to manage the predicted impacts associated with an industrial development occurring on traditional lands and to secure economic benefits for neighbouring aboriginal communities affected by that development.

In addition, both the Company and PPNF jointly met with The Honourable Patty Hadju, Minister of Indigenous Services of Canada and Member of the Parliament for Thunder Bay North (the Project's jurisdiction), to discuss the Project development, indigenous involvement, and current Permitting Process.  The Company will continue to keep the market updated as these discussions progress.


Click Image To View Full Size

Image 1:  The Honourable Patty Hadju, PPFN Chief Mushquash and Metallum's CEO Kerem Usenmez

President and CEO, Kerem Usenmez commented , " Metallum has built a strong relationship with the PPFN and the local communities over the past year, and signing this Agreement solidifies the support and our collaboration to move our exciting Project forward.

We very much value the support of PPFN for the development of the Superior Lake Project. We are proud to be partners with the PPFN and look forward to ongoing collaboration as we move development in the future."

Pays Plat First Nation Chief Mushquash commented , " This Negotiation Agreement sets a strong foundation for us to work collectively with Metallum on a number of economic opportunities. We look forward to the advancement of this Agreement into an IBA stage as the Project develops."

Metallum also continues to work closely with the town of Schreiber, which is located 29 kilometers from the Project.  The Company met with the Mayor, Kevin Mullins, as well as Municipality Staff to discuss the Project status.

Schreiber Mayor Kevin Mullins commented, " We have the skilled labour, railway station and most of the supporting infrastructure very close to the Project. We are very excited about the future development of the Superior Lake Project and will support Metallum to advance this Project into production."

President and CEO, Kerem Usenmez commented , "Having local support is crucial for any development Project. The local support has been very strong and encouraging for us. We look forward to working together with all the local communities and advancing quickly."


Click Image To View Full Size

Image 2: Metallum CEO Kerem Usenmez with Schreiber Mayor Kevin Mullins and Nathan Dias, from City of Schreiber Mayor's office

ON BEHALF OF THE BOARD

For further information, contact:

Kerem Usenmez, President & CEO

Tel: 604-688-5288;  Fax: 604-682-1514

Email: info@metallumzinc.com

Website: metallumzinc.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward-looking statements and include, without limitation, statements about the Feasibility Study, the updated economics for the Project, and the Company's development plans for the Project. Often, but not always, these forward looking statements can be identified by the use of words such as "estimate", "estimates", "estimated", "potential", "open", "future", "assumed", "projected", "used", "detailed", "has been", "gain", "upgraded", "offset", "limited", "contained", "reflecting", "containing", "remaining", "to be", "periodically", or statements that events, "could" or "should" occur or be achieved and similar expressions, including negative variations.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by forward-looking statements. Such uncertainties and factors include, among others, the uncertainties inherent in the Feasibility Study and the updated economics of the Project; whether exploration and development of the Company's properties will proceed as planned; changes in general economic conditions and financial markets; the Company or any joint venture partner not having the financial ability to meet its exploration and development goals; risks associated with the results of exploration and development activities, estimation of mineral resources and the geology, grade and continuity of mineral deposits; unanticipated costs and expenses; risks associated with COVID-19 including adverse impacts on the world economy, exploration and development efforts and the availability of personnel; and such other risks detailed from time to time in the Company's quarterly and annual filings with securities regulators and available under the Company's profile on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.

Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to: the accuracy of the Feasibility Study and the updated economics of the Project; that the Company's stated goals and planned exploration and development activities will be achieved; that there will be no material adverse change affecting the Company or its properties; and such other assumptions as set out herein. Forward-looking statements are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking statements.

ABOUT Metallum Resources

Metallum Resources (MZN.TSXV) owns 100% of the Superior Lake Zinc and Copper Project in Ontario, Canada.  The Project ranks as the highest grade zinc project in North America with a resource of 2.35 Mt at 17.9% Zn, 0.9% Cu, 0.4 g/t Au and 34 g/t Ag.

The Company completed a positive Feasibility Study that highlights the Project will rank in the lowest quartile of operating costs (C1 costs – C$0.44 / lb; AISC C$0.51 / lb).  These low costs driven by the high grade of the Project drive robust economic returns. The majority of permits and licenses are in place allowing for a quick re-development following a Final investment Decision.

For further details about the Company and the Superior Project, please visit the Company's website at metallumzinc.com .

Copyright (c) 2022 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

MZN:CA
The Conversation (0)
Metallum Resources: Copper and Zinc, CEO Clip Video

Metallum Resources: Copper and Zinc, CEO Clip Video

Metallum Resources Inc. (TSXV: MZN) (OTCQB: MTLLF is developing a high-grade zinccopper project in Ontario. BTV chats with President & CEO, Kerem Usenmez to learn more.

Metallum Resources Inc.(TSXV: MZN) (OTCQB: MTLLF)

https://www.metallumzinc.com/

About CEO Clips:

CEO Clips is the largest library of publicly traded company CEO videos in Canada and the US. These 60 second video profiles broadcast on national TV and online via 12 financial sites including: Thomson Reuters, Bloomberg, Yahoo! Finance and Stockhouse.com.

BTV - Business Television/CEO Clips

Discover Companies to Invest in

www.b-tv.com

Contact: Trina Schlingmann (604) 664-7401 x 5 trina@b-tv.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/127151

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Discussions commenced with metal traders and smelters regarding offtake for Superior Lake Zinc Project

Discussions commenced with metal traders and smelters regarding offtake for Superior Lake Zinc Project

(TheNewswire)

Metallum Resources Inc.

HIGHLIGHTS

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
NPV increases to C$383M with average EBITDA of C$102m pa for Superior Lake Zinc Project

NPV increases to C$383M with average EBITDA of C$102m pa for Superior Lake Zinc Project

(TheNewswire)

Metallum Resources Inc.

HIGHLIGHTS

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Metallum Resources completes $5.2 million private placement to advance the development of the Superior Lake Zinc Project and Board changes

Metallum Resources completes $5.2 million private placement to advance the development of the Superior Lake Zinc Project and Board changes

(TheNewswire)

Metallum Resources Inc.

April 21, 2022 TheNewswire - Vancouver, British Columbia: Metallum Resources Inc. (TSXV:MZN) is pleased to report that it has closed its previously announced non-brokered private placement with the issuance of 87,371,674 units at $0.06 each, for gross proceeds of $5,242,300.  Each unit consists of one common share of the Company and one warrant which entitles the holder to purchase one additional common share at $0.14 for two years from closing.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Metallum Resources increases proposed non-brokered private placement financing to $5.242 million

Metallum Resources increases proposed non-brokered private placement financing to $5.242 million

(TheNewswire)

Metallum Resources Inc.

April 8, 2022 TheNewswire - Vancouver, British Columbia - Metallum Resources Inc. (TSXV:MZN) is pleased to report that its previously announced non-brokered private placement has been oversubscribed and, subject to TSX Venture Exchange approval, has been increased to 87.37 million units at $0.06 each, to raise gross proceeds of up to $5.242 million. Each unit consists of one common share of the Company and one warrant which will entitle the holder to purchase one additional common share at $0.14 for two years from closing.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Finlay Minerals Ltd. reports on its Annual General & Special Meeting

Finlay Minerals Ltd. reports on its Annual General & Special Meeting

finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF) (" Finlay " or the " Company ") reports that all matters set before the Annual General and Special Meeting of Shareholders of the Company held on Friday, June 20, 2025 (the " Meeting ") were approved by the shareholders. An aggregate of 74,155,953 common shares of the Company (" Common Shares ") were voted representing 51.94% of the issued and outstanding Common Shares as at the Record Date of May 16, 2025 .

Finlay Minerals Ltd. logo (CNW Group/Finlay Minerals Ltd.)

The six nominees for the Board of Directors were elected at the Meeting and they are: John A. Barakso , Robert F. Brown , Alvin W. Jackson , Ilona Barakso Lindsay , David A. Schwartz , and Kristina Walcott .

Additionally, the reappointment of De Visser Gray LLP, Chartered Professional Accountants, as auditors for the Company and the Company's 10% Rolling Stock Option Plan were approved by shareholders.

Subsequent to the Meeting, the Board of Directors also re-appointed the following officers for a further year:

Robert F. Brown

Executive Chairman of the Board

Ilona B. Lindsay

President & Chief Executive Officer

Gord Steblin

Chief Financial Officer

David Schwartz

Corporate Secretary

Wade Barnes

Vice President, Exploration

Susan Flasha

Vice President, Corporate Development.

About finlay minerals ltd.

Finlay is a TSXV company focused on exploration for base and precious metal deposits with five 100% owned properties in northern British Columbia : the PIL and ATTY properties in the Toodoggone (13,374 hectares ("ha")), the Silver Hope Cu-Ag Property (21,322 ha) and the SAY Cu-Ag & the JJB Cu Properties (41,655 ha) in the Bear Lake Corridor. Each property is located in areas of recent development and porphyry discoveries with the advantage of hosting the potential for new discoveries.

The PIL and ATTY Properties are fully and sole funded by Freeport-McMoRan through 6-year Earn-In Agreements; the JJB, SAY and Silver Hope 2025 exploration programs are fully funded by Finlay.

Finlay trades under the symbol "FYL" on the TSXV and under the symbol "FYMNF" on the OTCQB. For further information and details, please visit the Company's website at www.finlayminerals.com

On behalf of the Board of Directors,

Robert F. Brown , P. Eng.
President, Executive Chairman of the Board & Director

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

Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, corporate plans. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

SOURCE finlay minerals ltd.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2025/25/c1152.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Bold Ventures Announces Closing of Its Fully Subscribed, Upsized Non-Brokered Private Placement

Bold Ventures Announces Closing of Its Fully Subscribed, Upsized Non-Brokered Private Placement

Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") is pleased to announce the fourth and final closing of its non-brokered private placement offering first announced on April 11th and increased on May 26th and June 5th, of up to 9,000,000 working capital units (the "WC Units") of the Company at a price of $0.05 per WC Unit for up to $450,000, and up to 10,314,666 Flow Through Units (the "FT Units") at a price of $0.06 per FT Unit for up to $618,900, both of which constitute the "Offering". The Offering was fully subscribed for gross proceeds of $1,068,900.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Questcorp Mining Announces Commencement of Phase 1 Work at the La Union Gold Project

Questcorp Mining Announces Commencement of Phase 1 Work at the La Union Gold Project

Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) (the "Company" or "Questcorp") is pleased to announce the commencement of the first phase work program at its La Union carbonate replacement deposit (CRD) project, located in Sonora, Mexico. Questcorp is earning a 100% interest from Riverside Resources Inc. in the 2,520 ha (25 km sq) property by making a series of cash payments and share issuance and completing a series of exploration expenditures.

The initial stages of phase one will concentrate on finalizing the location of drill targets and drill pads for the upcoming drill program. Field activities are underway and include:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×