"caribou" "caribou auto" or refinance or refinancing or gocaribou or payment -coffee -wealth -band -biosciences -club

Metallum to Issue Shares to CEO; Reports on Change In Directors

(TheNewswire)



Vancouver, British Columbia TheNewswire - December 17, 2021 - Metallum Resources Inc. (TSXV:MZN) ("Metallum" or the "Company") announces that i n order to preserve its cash on hand, it proposes, subject to TSX Venture Exchange approval, to issue 833,333 common shares of the Company to Kerem Usenmez in part consideration for his ongoing leadership as the Company's President and Chief Executive Officer.  The common shares will be issued at a deemed price of $0.06 per share, for a total value of $50,000.  The deemed price per share is equal to the market price of the Company's common shares at the time of Board approval to the arrangement, less an allowable discount.

The Company also reports that Ralph Rushton has resigned as a director of the Company so that he may focus his efforts on other business activities.  Management of the Company appreciates the valuable contributions provided by Mr. Rushton throughout the many years he served on the Board.

About Metallum Resources

Metallum Resources is a zinc and copper focused, base metal resource company run by a Canadian-based management team with extensive experience in the acquisition, exploration and development of resource properties.  The Company is developing its flagship Superior Zinc and Copper Project located in Ontario, Canada.

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

ON BEHALF OF THE BOARD

Kerem Usenmez,

President & Chief Executive Officer

Metallum Resources Inc.

Symbol: TSXV-MZN

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 proposed issuance of shares for services. 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, that the issuance of shares for services will proceed as planned; 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: that the proposed issuance of shares for services proceed as planned; 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.

Copyright (c) 2021 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

MZN:CA
The Conversation (0)
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

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
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

Trevali Mining Corporation Announces Completion of a Private Transaction for Sale of Prism Resources Inc. Shares.

Trevali Mining Corporation (OTCQX: TREVF) (the "Company") completed a private sale transaction on February 28, 2024 (the "Sale"), pursuant to which the Company disposed of 5,750,000 common shares ("Common Shares") in the capital of Prism Resources Inc. ("Prism") for an aggregate sale price of CAD$100,000 (approximately CAD$0.0174 per share).

On August 19, 2022, the Company sought and obtained an order (the "Initial Order") from the Supreme Court of British Columbia (the "Court") under the Companies' Creditors Arrangement Act (Canada) (the "CCAA"), for an order which provides, among other things, a stay of creditor claims and proceedings. Pursuant to the Initial Order, FTI Consulting Canada Inc. was appointed as the monitor of the Company (the "Monitor").

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
zinc bars

5 Top Weekly TSXV Stocks: Wolfden Resources Leads the Pack with 80 Percent Gain

The S&P/TSX Venture Composite Index (INDEXTSI:JX) slumped 7.87 points this past week to close at 549.08.

Minutes from the Bank of Canada’s January meeting, during which the governing council decided to keep interest rates unchanged at 5 percent, were released last Wednesday (February 7). They show that while the council believes the economic slowdown has helped relieve inflationary pressures, just over half of the components of the consumer price index (CPI) have been growing at a rate above 3 percent. That indicates persistence in broad-based drivers of inflation.

The council also said it is concerned about shelter prices, noting that a rebound in the housing market in the spring could keep CPI numbers above its 2 percent target, even if other components continuing to approach the target.

Keep reading...Show less
rolls of steel in a warehouse

Zinc Stocks: 5 Biggest Canadian Companies in 2024

Zinc prices were mostly rangebound in 2023 as the market shifted into oversupply. Although the sector is expected to cool further in 2024, ultimately experts agree that its long-term fundamentals remain healthy.

Many base metals have been hit with weakened demand in the past year due to sticky inflation and higher interest rates, and zinc is no exception. Zinc supply has also faced pressure from higher mining and refining costs, causing some major zinc operations and smelters to suspend operations, with more possible if the current economic situation continues. Once demand rebounds along with the economy, stunted supply may once again push zinc prices to the upside.

For investors interested in zinc, the Investing News Network has gathered the biggest TSX- and TSXV-listed zinc stocks by market cap. The list below includes zinc miners and explorers, as well as companies pursuing zinc as a secondary metal.

Keep reading...Show less
zinc sheet roofing

Zinc Price Forecast: Top Trends That Will Affect Zinc in 2024

2023 saw the zinc price take a slide as the market entered surplus territory.

The expectation at the start of 2023 was that zinc would see modest demand growth during the year. “The recovery of China and the resilience of demand from countries such as India will help return global consumption to growth after it fell in 2022,” Jonathan Leng, principal analyst at Wood Mackenzie, told the Investing News Network (INN) at the time.

However, after forecasting 2023 zinc demand growth of 2.1 percent in April, the International Lead and Zinc Study Group cut its projection to 1.1 percent in October. By the year's end, CRU Group was estimating a contraction of 0.4 percent.

Keep reading...Show less
figurines mining zinc

Zinc Price 2023 Year-End Review

Zinc started 2023 in a strong position, having come close to all-time highs in April 2022.

However, zinc fell in H1 amid a rout in the base metals market. While smelting and supply issues from 2022 supported the price early on, weak demand, particularly due to a slower economic recovery in China, caused zinc to move from undersupplied to oversupplied by the end of the year. The vast majority of zinc is used in alloys and for galvanization.

After dropping in the first half of 2023, zinc remained largely rangebound for the rest of the year, staying below the US$2,700 per metric ton (MT) level. Read on to learn more about what factors impacted the market during the period.

Keep reading...Show less
mining equipment

Top 10 Countries for Zinc Production

Zinc prices reached record highs last year, but have trended lower in 2023 on growing economic uncertainty.

The commodity has suffered the same fate as most other base metals, which have been battered by concerns about Russia's war in Ukraine and the widespread economic fallout that may push the world into a a recession.

The broad consensus among market watchers is that zinc prices will do better in the years to come. This is not only because of renewed demand, but also because low prices and high energy costs have led to production cuts at major zinc-mining operations around the world. While output is expected to rebound in 2023, the International Lead and Zinc Study Group is still predicting that demand for refined zinc metal will exceed supply for the year, although modestly.

Keep reading...Show less

Latest Press Releases

Related News

×