fireweed zinc

Fireweed Closes $5.0 Million Private Placement with Strategic Investor

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Fireweed Zinc LTD. (" Fireweed " or the " Company ") (TSXV: FWZ) is pleased to announce closing of its non-brokered private placement (the " Financing ") announced AprilĀ 22, 2021 for proceeds of CAD$5.0 million consisting of 6,250,000 common shares of the Company ("Shares") at $0.80 per Share with a single strategic investor.

The proceeds from the Financing will be used for general working capital purposes, cash reserves for future development, and exploration and development of the Company's Macmillan Pass Project in Yukon, Canada.

Closing of the Financing remains subject to acceptance by the TSX Venture Exchange. All Shares issued under the Financing will be subject to a statutory hold period of four months plus a day following the date of closing. No finder's fee was paid.

About Fireweed Zinc Ltd. (TSXV: FWZ): Fireweed Zinc is a public mineral exploration company focused on zinc-lead-silver and managed by a veteran team of mining industry professionals. The Company is advancing its district-scale 940 km 2 Macmillan Pass Project in Yukon, Canada, which is host to the 100% owned Tom and Jason zinc-lead-silver deposits with current Mineral Resources and a PEA economic study (see Fireweed news releases dated January 10, 2018, and May 23, 2018, respectively, and reports filed on www.sedar.com for details) as well as the Boundary Zone, Tom North Zone and End Zone which have significant zinc-lead-silver mineralization drilled but not yet classified as mineral resources. The project also includes large blocks of adjacent claims (MAC, MC, MP, Jerry, BR, NS, Oro, Sol, Ben, and Stump) which cover exploration targets in the district where previous and recent work identified zinc, lead and silver prospects, and geophysical and geochemical anomalies in prospective host geology.

Additional information about Fireweed Zinc and its Macmillan Pass Zinc Project including maps and drill sections can be found on the Company's website at www.FireweedZinc.com and at www.sedar.com .

ON BEHALF OF Fireweed Zinc LTD.

" Brandon Macdonald "

CEO & Director

Contact
Brandon MacDonald
Phone: (604) 646-8361

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.

Cautionary Statements

Offering Disclosure Statements
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Forward Looking Statements
This news release may contain "forward-looking" statements and information relating to the Company and the Macmillan Pass Project that are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, general economic conditions, changes in financial markets, the effects of the pandemic, the ability to properly and efficiently staff the Company's operations, the sufficiency of working capital and funding for continued operations, title matters, First Nations relations, operating hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and strategic partners, governmental regulations and oversight, permitting, seasonality and weather, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
Fireweed Metals (TSXV:FWZ)

Fireweed Metals


Keep reading...Show less

Developing a world-class critical minerals district in Yukon, Canada

Heritage Mining Plans Aggressive Program at Zone 3 Extension Mega-Quartz Vein System at its Flagship Drayton-Black Lake Project

Heritage Mining Plans Aggressive Program at Zone 3 Extension Mega-Quartz Vein System at its Flagship Drayton-Black Lake Project

/ NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Quetzal Copper Announces Refiling of June 30, 2025 Financial Statements

Quetzal Copper Announces Refiling of June 30, 2025 Financial Statements

Quetzal Copper Ltd.Ā (TSXV: Q,OTC:QTZCF)Ā ("Quetzal" or the "Company") announces that it has refiled its interim financial statements and management's discussion and analysis ("MD&A") for the three and six months ended June 30, 2025 (the "Q2 2025 Financial Statements"). The original filings were made on August 28, 2025.

The amendment was made to correct and clarify disclosure relating to the Company's share-based compensation. The Q2 2025 financials originally filed on August 28, 2025 did not reflect the correct number of options and warrants outstanding, and the share-based compensation related to the January 15, 2025 option grant was not accounted for. In this refiling, the correct number of outstanding options and warrants and the share-based compensation related to the January 15, 2025 option grant have now been properly reflected and accounted.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Angkor Resources Receives Approval to Incorporate Mussel Basin into Block VIII Oil and Gas License, Cambodia

Angkor Resources Receives Approval to Incorporate Mussel Basin into Block VIII Oil and Gas License, Cambodia

(TheNewswire)

GRANDE PRAIRIE, ALBERTA (September 10, 2025) TheNewswire - Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) ("ANGKOR" OR "THE COMPANY") announces its subsidiary, EnerCam Resources Co. Ltd. (Cambodia) ("EnerCam") has received approval from government authorities of Ministry of Mines and Energy for an additional 220 square kilometers added within the Block VIII boundaries, referred to as the Mussel Basin.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Questcorp Mining Provides Update on Its Maiden Drill Program at La Union

Questcorp Mining Provides Update on Its Maiden Drill Program at La Union

Questcorp Mining Inc. (CSE: QQQ,OTC:QQCMF) (OTCQB: QQCMF) (FSE: D910) (the "Company" or "Questcorp") is pleased to provide an update on the Phase I drilling program at its La Union Gold and Silver project in northwest Sonora, Mexico. Drill holes have now been completed at two of the 4 target areas:

  • The initial hole was completed beneath the historic Union Mine itself, intersecting the favourable carbonaceous Clemente and Caborca formations, including the microconglomeratic carbonate unit which hosted mineralization at the bottom of the past producing Union Mine.
  • Drilling then shifted focus to the El Cobre Mine area and the Union Norte Mine area, testing vertical feeder zones above the Clemente formation dolomites and carbonaceous sandstones. Hole two intersected more quartzites than interpreted from the geophysics, with the quartzites carrying more extensive hematitic oxides, possibly indicative of oxide gold mineralization potentially related to sulfides which have been oxidized through supergene weathering.

Saf Dhillon, President and Chief Executive Officer, states: "The drilling is indicating oxidation is consistent with past mining and targets are coming along with a positive exploration drilling so far. The drilling is intersecting more quartzite than expected which is favorable for fracture-controlled mineralization. The Riverside operations team is progressing the current exploration program working with the surface rancher and the drilling company to efficiently progress a high-quality exploration program."

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

Ɨ