Sterling Metals Announces Private Placement of Units

Sterling Metals Announces Private Placement of Units

Sterling Metals Corp. (TSXV: SAG) (the "Company") is pleased to announce a non-brokered private placement of up to 12,500,000 units (each, a "Unit") at a price of $0.20 per Unit for aggregate gross proceeds of up to $2,500,000 (the "Offering"). Each Unit shall be comprised of one common share (each, a "Common Share") in the capital of the Company and one Common Share purchase warrant (each, a "Warrant") of the Company. Each Warrant shall entitle the holder thereof to acquire one Common Share at a price of $0.40 per Common Share for a period of two (2) years from the closing of the Offering.

The Company may pay certain eligible persons (the "Finders") a cash commission equal to 7% of the gross proceeds of the Offering and broker warrants (each, a "Broker Warrant") equal to 7% of the number of Units issued pursuant to the Offering. Each Broker Warrant shall entitle the holder thereof to acquire one Common Share at a price of $0.20 per Common Share for a period of two (2) years from the closing of the Offering.

All securities issued pursuant to the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The net proceeds from the sale of the Units will be used for general working capital purposes. The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to sell 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.

For more information, please contact:

Sterling Metals Corp.
Mathew Wilson, President & CEO
Tel: (416) 643-7630
Email: info@sterlingmetals.ca
Website: www.sterlingmetals.ca

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 contains certain "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/120780

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Sterling Metals

Sterling Metals

Overview

Mining is one of the biggest industries in Canada, generating C$97 billion in 2018 — or 5 percent of the country’s GDP. The country is one of the world’s largest producers of uranium and gold but at one time, over 100 years ago, it was a top silver producer as well. In the early 1900s the country boasted two of the greatest silver discoveries in the world. Keno Hill, in the Yukon, and the Cobalt District in Ontario, contributed over 15 percent of the world’s silver. Since then, there has not been a discovery that comes close to equaling the significance of these two deposits and Canada no longer finds itself in the top 10 of silver producing countries worldwide.

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New Silver Discoveries in Newfoundland

Sterling Metals Announces Upsize to Private Placement of Units

Sterling Metals Announces Upsize to Private Placement of Units

Sterling Metals Corp. (TSXV: SAG) (OTCQB: SAGGF) (the "Company") is pleased to announce that further to its press release of April 18, 2022, the Company has increased the size of its non-brokered private placement to up to 15,000,000 units (each, a "Unit") at a price of $0.20 per Unit for aggregate gross proceeds of up to $3,000,000 (the "Offering"). Each Unit shall be comprised of one common share (each, a "Common Share") in the capital of the Company and one Common Share purchase warrant (each, a "Warrant") of the Company. Each Warrant shall entitle the holder thereof to acquire one Common Share at a price of $0.40 per Common Share for a period of two (2) years from the closing of the Offering.

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Sterling Metals Drills Newly Discovered Heimdall Zone at Sail Pond Silver and Base Metal Project - Multiple Intercepts of Over 1000 Gram-Meter Silver Equivalent Along 400m Strike Length

Sterling Metals Drills Newly Discovered Heimdall Zone at Sail Pond Silver and Base Metal Project - Multiple Intercepts of Over 1000 Gram-Meter Silver Equivalent Along 400m Strike Length

Sterling Metals Corp. (TSXV:SAG) ("Sterling Metals" or the "Company") is pleased to report results from its phase 2 drilling on the south zone of the Sail Pond Silver and Base Metal Project in the Great Northern Peninsula of Newfoundland. The company will be hosting a zoom webinar at 10am EST on Thursday February 24, 2022, to discuss these findings in more detail. Registration for the event can be found at: https:us02web.zoom.uswebinarregisterWN_VlXZp4TGSZmyrSkg_eIM2g

Significant drill results are listed below:

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"investingnews"

Sterling Metals Discovers High Grade Polymetallic Mineralization, Expands Drill Program and Earns 100% Ownership of the Sail Pond Silver and Base Metal Project

Sterling Metals Corp. (TSXV:SAG) ("Sterling Metals" or the "Company") is pleased to report the first assays from its maiden drilling program on the Silver-Copper-Lead-Zinc Sail Pond Project ("Sail Pond" or the "Project") located on the Great Northern Peninsula of Newfoundland, Canada. The company completed 16 drill holes in its Phase 1 program and from the data gathered launched a Phase 2 program focused on the South Zone of the Project. The first and only series of assay results the company has received to date from its Phase 2 program pertain to hole SP-21-018 and include the following highlights

  • 73.84 g/t AqEq over 11.1 m, including 1,096.59 g/t AgEq over 0.25 m
  • 97.56 g/t AgEq over 10.05 m, including 1,854.02 g/t AgEq over 0.4 m
  • 91.18 g/t AgEq over 14.6 m, including 895.86 g/t AgEq over 0.25 m.

Further results from drilling are presented in Table 1, including results for Phase 1 hole SP-21-008 that intercepted up to 1.05 m of 649.77g/t AgEq, including 0.55 m of 1039.63g/t AgEq and from hole SP21-004 that intercepted 7 m of 84.57g/t AgEq. Downhole meterages for all intervals noted above are included in Table 1. Images of high grade polymetallic drillcore from the Project appear in Figure 1 and drillhole locations are presented in Figures 2 & 3.

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mercator share price

Sterling Metals Launches Maiden Drill Campaign at the Sail Pond Silver and Base Metal Project

Sterling Metals Corp. (TSXV:SAG)(OTCQB:SAGGF) ("Sterling Metals" or the "Company") is very pleased to report the commencement of a maiden drilling program on the Silver-Copper-Lead-Zinc Sail Pond project ("Sail Pond" or the "Project") located on the Great Northern Peninsula of Newfoundland, Canada. The drilling program will comprise of an initial 7,500 metres with one drill and is expected to take approximately 4 months to complete. Initial drill holes will target the South Zone, where previous exploration campaigns have identified extremely high-grade mineralization with grab sample results up to 4,526.1 gt Ag, 0.9 gt Au, 14.9 % Cu, 7.5 % Pb, 5.0 % Sb, and 9.6 % Zn (see Sterling Metals press release dated January 6, 2021). In addition, the Company is pleased to announce the results and interpretation of a gravity survey completed over the South Zone, which will assist with drill targeting

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sterling metals

Sterling Metals Commences Trading on the OTCQB Venture Market

Sterling Metals Corp. (TSXV:SAG)(OTCQB:SAGGF) has received a receipt of approval from OTC Markets Group to trade on the OTCQB Venture Market, effective May 24, 2021, under the symbol SAGGF. The OTCQB quotation will increase the accessibility of the company to United States-based retail and institutional investors and aligns well with the company's focus on its mineral properties within North America. The company profile can be viewed at the OTC Market website

Mathew Wilson, CEO of Sterling Metals commented, "We are pleased to meet the criteria to graduate from the Pink market to the OTCQB. There is a strong level of US domiciled interest in the silver exploration investment marketplace and the OTCQB provides an excellent opportunity for us to reach a broad new range of investors. This is especially important as we count down the weeks to the commencement of our maiden drill program."

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Copper Quest Announces Multi-National Investor Awareness Campaign

Copper Quest Announces Multi-National Investor Awareness Campaign

Copper Quest Exploration Inc. (CSE: CQX; OTCQB: IMIMF; FRA: 3MX) ("Copper Quest" or the "Company") is pleased to announce the launch of its Investor Awareness Campaign designed to educate retail and institutional investors on Copper Quest and its portfolio of North American critical mineral projects. The Campaign will begin on or around September 15th, 2025 and run until September 1st, 2026 and includes agreements signed with Guerilla Capital, Dig Media Inc. 'dba' Investing News Network, and Departures Capital Inc.

Guerilla Capital

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T2 Metals Secures Option to Acquire Shanghai Gold-Silver Project in Yukon's Tombstone Gold Belt and Appoints Shawn Ryan to Advisory Board

T2 Metals Secures Option to Acquire Shanghai Gold-Silver Project in Yukon's Tombstone Gold Belt and Appoints Shawn Ryan to Advisory Board

T2 Metals Corp. (TSXV: TWO) (OTCQB: TWOSF) (WKN: A2DR6E) ("T2 Metals" or the "Company") is pleased to announce signing of an Option Agreement (the "Option") with renowned explorer Shawn Ryan ("Ryan") and Wildwood Exploration Inc. (together with Ryan, the "Optionor") to earn a 100% interest in the 27.4 sq km Shanghai gold-silver project in the Mayo Mining District, Yukon Territory, Canada. The project lies within the Tombstone Gold Belt, 12 km west of Hecla Mining's Keno Hill silver mine, and midway between the AurMac, Eagle and Raven intrusion-related deposits (see Table 1 for further information on these deposits).

The Shanghai project includes a Class 3 permit enabling drilling, road construction and installation of a camp.

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ACG Metals Announces Commencement of Trading on the OTCQX Best Market

ACG Metals Announces Commencement of Trading on the OTCQX Best Market

ACG is pleased to announce that its ordinary shares have today qualified and will begin trading on the OTCQX Best Market, under the OTCQX ticker code "ACGAF". ACG's shares will also continue to trade on the London Stock Exchange.

The OTCQX Best Market, operated by OTC Markets Group, is the highest tier of the U.S. OTC markets and is designed for established, investor-focused companies that meet high financial and governance standards.

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Close-up of stacked copper pipes with hollow circular openings.

Anglo American and Teck to Merge, Forming US$53 Billion Global Copper Powerhouse

Anglo American (LSE:AAL,OTCQX:AAUKF) and Teck Resources (TSX:TECK.A,TSX:TECK.B,NYSE:TECK) have agreed to merge in a blockbuster US$53 billion deal that will create one of the world’s largest copper producers.

Under the terms of the all-share merger, announced on Tuesday (September 9), Anglo American shareholders will hold 62.4 percent of the combined company, while Teck investors will own 37.6 percent.

The new entity, tentatively named Anglo Teck, will be headquartered in Vancouver and will have its primary listing on the London Stock Exchange, with secondary listings in Johannesburg, New York and Vancouver.

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Empire Metals

Empire Metals Limited Announces Interim Results

Empire Metals Limited (LON:EEE)(OTCQX:EPMLF), the resource exploration and development company, is pleased to announce its interim results for the six-month period ended 30 June 2025.

Highlights:

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Boliden Strikes C$20 Million Deal with Golden Sky for BC Copper Project

Boliden Mineral Canada, a subsidiary of Sweden’s Boliden (STO:BOL,OTC Pink:BDNNY), has entered into a definitive agreement with Golden Sky Minerals (TSXV:AUEN,OTC Pink:LCKYF).

Under the deal, it will spend up to C$20 million on exploration of the Rayfield copper-gold property in BC.

The agreement grants Boliden the right to earn up to an 80 percent interest in Golden Sky’s wholly owned Rayfield project by funding staged expenditures and cash payments over six years.

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