News
- Mar 22
, 2023Power Nickel To Close Previously Announced C$5 Million Private Placement
TORONTO, ON / ACCESSWIRE / March 22, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV:PNPN)(OTCQB:PNPNF)(Frankfurt:IVVI) is pleased to announce it has received commitments to over subscribe the previously announced private placement (the "Offering") of up to 10,000,000 flow-through units (each, an "FT Unit") of the Company, at a price of $0.50 per FT Unit, for aggregate gross proceeds of up to CAD $5,000,000.
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- Mar 12
, 2023Power Nickel Announces C$5 Million Private Placement
TORONTO, ON / ACCESSWIRE / March 12, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN)(OTCBB:PNPNF)(Frankfurt:IVVI) is pleased to announce a proposed private placement (the "Offering") of up to 10,000,000 flow-through units (each, an "FT Unit") of the Company, at a price of $0.50 per FT Unit, for aggregate gross proceeds of up to CAD $5,000,000.
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- Mar 1
, 2023Power Nickel Extends Nickel Mineralization In Multiple Holes on its Fall 2022 Drill Program
1.40% Ni, 0.88% Cu, O.09 Co,2.52 g/t Palladium,0.56g/t Platinum over 10.2M Hole PN-22-012TORONTO, ON / ACCESSWIRE / March 1, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN)(OTCQB:PNPNF)(Frankfurt:IVVI) continues to report new productive results from its Phase 2 drill program at its "Nisk" project near James Bay. These initial drill results confirm the presence of high-grade Ni-Cu-Co-PGE mineralization in the Nisk Main zone and extends mineralization by an additional 150 metres at depth and to the east and below to central portion
0.99% Ni, 0.68% Cu, O.06 Co,0.99 g/t Palladium,0.52g/t Platinum over 5.2M Hole PN-22-011Read Full Article
- Feb 22
, 2023Power Nickel Forges Ahead to Create the World’s First Carbon Neutral Nickel Mine
It is not often investors can invest in a junior mining company that not only plans to produce green metals such as nickel but also plans to use carbon credits along the way to offset their emissions while developing a project using the latest exploration technologies. Today a company is doing just that and the company is Power Nickel Inc. (TSXV: PNPN | OTCQB: PNPNF).
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- Jan 31
, 2023Power Nickel Announces Partnership With Fleet Space Technologies
Proprietary "Exosphere" Approach To Enhance Exploration at Nisk Mining ProjectTORONTO, ON / ACCESSWIRE / January 31, 2022 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN)(OTCQB:CMETF)(Frankfurt:IVVI) Power Nickel, a Canadian metal exploration company, has announced a partnership with Australian-based Fleet Space Technologies, a developer and operator of a constellation of microsatellites that delivers universal connectivity across the globe, including the exploration of Nickel ore deposits at its NISK project. Power Nickel, which specializes in the exploration of high-potential nickel, copper, gold, and other battery metal prospects in Canada and Chile, will use innovative sound mapping technology from Fleet Space to locate additional high-grade nickel sulfide deposits with a greater level of accuracy.Read Full Article
- Jan 26
, 2023Power Nickel Retains Karbon-X to Offset their 2023 Drill Program of Up to 40,000 metres, with Voluntary Carbon Offsets
TORONTO, ON / January 26, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV:PNPN),(OTCQB:CMETF),(Frankfurt:IVVI) announced today that the company has retained Karbon-X Corp (OTCQB:KARX) to retire 159 high quality Verra VCU carbon offsets, in the name of Power Nickel Inc. These 159 carbon offsets will counteract 159 tonnes of greenhouse gas (GHG) emitted by the burning of 60,000 litres of diesel in their exploratory drilling operations and represents Power Nickel's commitment to offsetting their drilling program in the years to come.
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- Jan 12
, 2023Power Nickel Extends PN-22-009 Nickel Mineralization from 25 to 40m
0.88% Ni, 0.56% Cu, 0.06% Co, 1.64 ppm Pd and 0.15 ppm Pt over 40.30m in PN-22-009TORONTO, ON / ACCESSWIRE / January 12, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV:PNPN, OTCQB:CMETF, Frankfurt:IVVI) continues to report new and complementary results from its Phase 2 drill program at its "Nisk" project near James Bay. These initial drill results confirm the presence of high-grade Ni-Cu-Co-PGE mineralization in the Nisk Main zone and extends mineralization by an additional 150 m at depth and to the east and below to the central portion.Read Full Article
- Nov 27
, 2022Power Nickel Extends High-Grade Nickel Mineralization at Nisk
1.17% Ni, 0.80% Cu, 0.08% Co, 1.46 ppm Pd and 0.23 ppm Pt over 25.86m in PN-22-009TORONTO, ON / ACCESSWIRE / November 27, 2022 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN, OTCQB:CMETF, Frankfurt:IVVI) is pleased to announce initial results from its current drill program at its "Nisk" project near James Bay. These initial drill results confirm the presence of high-grade Ni-Cu-Co-PGE mineralization in the Nisk Main zone and extends mineralization by an additional 150 m at depth and to the east and below to the central portion.
including 11.00m @ 1.50% Ni, 0.93% Cu, 0.10% Co, 1.85 ppm Pd and 0.36 ppm Pt
and 1.80m @ 1.97% Ni, 0.41% Cu, 0.14% Co and 2.03 ppm PdRead Full Article
- Nov 22
, 2022Power Nickel Closes Financing Adding Over $4 Million Dollars; Looks to Expand the Drill Program at NISK, its High Grade Nickel Sulfide Project, from 5000 Metres to 12,500-15,000 Metres
TORONTO, ON / ACCESSWIRE / November 22, 2022 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN)(OTCBB:CMETF)(Frankfurt:IVVI) is pleased to announce it has completed its over-subscribed non-brokered private placement of 13,750,000 flow-through units (each, an "FT Unit") at a price of $0.20 per FT Unit and 14,425,000 non-flow-through units (each an "NFT Unit") at a price of $0.10 per NFT Unit, for aggregate gross proceeds of CAD$4,192,500. (the "Private Placement"). The Company has received conditional TSX Venture Exchange ("TSXV") approval for the Private Placement.
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- Oct 27
, 2022Power Nickel Increases Previously Announced Non-Brokered Private Placement by C$300,000
TORONTO, ON / ACCESSWIRE / October 27, 2022 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN, OTCBB:CMETF, Frankfurt:IVVI) is pleased to announce it has increased the size of its non-brokered private placement (the "Private Placement") originally announced in its news release dated October 18, 2022 (the "Original News Release") by CAD $300,000. The Private Placement will now consist of up to 10,250,000 flow-through units (each, an "FT Unit") of the Company (up from 10,000,000 FT Units) at a price of $0.20 per FT Unit and up to 12,500,000 non-flow-through units (each, an "NFT Unit") of the Company (up from 10,000,000 NFT Units) at a price $0.10 per NFT Unit, for aggregate gross proceeds of up to CAD $3,300,000. The prices of each FT Unit and each NFT Unit are unchanged from the prices set out in the Original News Release. The other terms of the FT Units and NFT Units are also unchanged from the terms set out in the Original News Release. These terms have been provided below for ease of reference.
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- Oct 18
, 2022Power Nickel Announces C$3 Million Non-Brokered Private Placement
Toronto, Ontario – October 18th, 2022 – Power Nickel Inc. (the “Company” or “Power Nickel”) (TSX-V: PNPN, OTCBB: CMETF, Frankfurt: IVVI) is pleased to announce a proposed non-brokered private placement (the “Private Placement”) of up to 10,000,000 flow-through units (each, an “FT Unit”) of the Company at a price of $0.20 per FT Unit and up to 10,000,000 non-flow-through units (each, an “NFT Unit”) of the Company at a price $0.10 per NFT Unit, for aggregate gross proceeds of up to CAD $3,000,000.
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- Oct 6
, 2022Power Nickel To Amend Technical Report
TORONTO, ON / ACCESSWIRE / October 6, 2022 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN)(OTCQB:CMETF)(Frankfurt:IVVI) announces that, as a result of a review by the staff of the British Columbia Securities Commission ("BCSC"), the Company is issuing the following news release to clarify disclosures regarding its Technical Report on the Nisk Project previously filed on SEDAR on August 30, 2022.
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- Sept 22
, 2022Power Nickel Follows Up Release of NI 43-101 Compliant Mineral Resource Estimate on the Nisk Nickel Project With Commencement of Second Round of Drilling
TORONTO, ON / ACCESSWIRE / September 22, 2022 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN)(OTCQB:CMETF)(Frankfurt:IVVI) is pleased to follow up on the recent release of the NI 43-101 Technical Report and Mineral Resource Estimate ("MRE") on the "Nisk" Nickel project with the commencement of the second round of drilling. The NI 43-101 Technical Report and Mineral Resources Estimate for the Nisk Project was filed on SEDAR on August 30, 2022
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Power Nickel Files the NI 43-101 Technical Report for the Mineral Resource Estimate of the Nisk Project
TORONTO, ON / ACCESSWIRE / August 30, 2022 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN)(OTCBB:CMETF)(Frankfurt IVVI) has filed on SEDAR the Technical Report entitled "NI 43 101 Technical Report and Mineral Resource Estimate for the Nisk Project, Eeyou Istchee James Bay territory, Québec". The Technical Report was prepared by 3DGeo Solution Inc. (3DGS) of Val-d'Or, Québec, to support the disclosure of the Nisk Project 2022 Mineral Resource Estimate on July 19, 2022. The Technical Report is available here , or read this news article and find the technical report inside.
- July 19
, 2022Power Nickel Releases Initial NI 43-101 Compliant Mineral Resource Estimate on the Nisk Project
More than 2.5 Million Indicated Tonnes at 1.20% Ni Eq. and 1.4 Million Inferred Tonnes at 1.29% Ni Eq.TORONTO, ON / ACCESSWIRE / July 19, 2022 / Power Nickel Inc . (the "Company" or "Power Nickel") (TSXV:PNPN) (OTCQB:CMETF) (Frankfurt:IVVI) and Critical Elements Lithium Corporation ("Critical Elements") (TSX.V:CRE) (OTCQX:CRECF) (FRA:F12) are pleased to release the initial NI 43-101 compliant Mineral Resource Estimate ("MRE") on their "Nisk" Nickel Sulphide project near James Bay, Québec.Read Full Article
- July 6
, 2022Power Nickel is developing its NISK project in Quebec into one of the greenest sources of class-1 nickel in history
Chilean Metals had one very good reason behind its name change to Power Nickel Inc (TSX-V:PNPN): the NISK nickel sulphide project in Quebec which has the potential to become one of the greenest sources of class-1 nickel in the world.
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- May 30
, 2022Power Nickel: Positioned to drive the EV revolution
As demand for battery metals increases in line with the transition to EVs, mining company Power Nickel is establishing itself as a major player in the clean energy market. The price per tonne of nickel has increased by almost 100% year on year. The commodity bull market is here, and, thanks to the electric vehicle (EV) revolution, it is here to stay for many critical metals.
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- May 24
, 2022Power Nickel to Present at the Emerging Growth Conference on Wednesday, May 25, 2022
TORONTO, ON / ACCESSWIRE / May 24, 2022 / Power Nickel Inc. (the "Company") (TSXV:PNPN) (OTCQB:CMETF) (FRA:IVVI) is pleased to announce that it has been invited to present at the Emerging Growth Conference on Wednesday, May 25, 2022
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- May 20
, 2022Resource Estimate due soon for Power Nickel’s Ni-Cu-Co-PGE Nisk Project
The search for battery metals in safe locations continues as companies see the tremendous demand curve ahead for these metals to supply the electric vehicle (EV) boom. Today’s company is Power Nickel Inc. (TSXV: PNPN | OTCQB: CMETF), focused on their Canadian NISK project which contains nickel (Ni), copper (Cu), cobalt (Co), and some platinum group elements (PGE). They also have investments that give exposure to gold and copper projects in Canada and Chile, as well as a royalty agreement.
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- May 4
, 2022Warrant Exercise raises over $800,000 for Power Nickel
TORONTO, ON / ACCESSWIRE / May 4, 2022 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN, OTCBB:CMETF, Frankfurt:IVVI) is pleased to announce that it has issued 5,557,125 shares as a result of warrant exercise. The $833,568.75 was added to the capital of the Company and will as announced fund the up to 5000 Metre follow-up drill program on its promising Nisk Nickel Sulphide project south of James Bay Quebec.
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- March 30
, 2022Power Nickel Continues Extension of Mineralization at Nisk and Readies for New Fully Funded 5000 Metre Drill Program in Q2
PN-21-001 - 12.4 Metres 0.82% Ni, 0.36% Cu, 0.09% Co, 0.69gPd, 0.14g PtTORONTO, ON / ACCESSWIRE / March 30, 2022 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V: PNPN, OTCBB: CMETF, Frankfurt IVVI) and Critical Elements Lithium Corporation ("Critical Elements") (TSX- V:CRE)(USOTCQX:CRECF)(FSE:F12) are pleased to announce results from the third and final set of drill holes from its recent drill program at its "NISK" Nickel Sulphate project near James Bay. These drill results confirm the presence of high-grade Nickel Mineralization in the eastern and central deep portions of the Nisk Main mineralized lens. In addition to the historic and previously released assays, these new results (PN-21-001 and PN-21-004) continue to demonstrate a good grade and thickness continuity
PN-21-004 - 3.6 Metres 1.05% Ni, 0.35% Cu, 0.07% Co, 1.08gPd, 0.28g PtRead Full Article
- March 24
, 2022Power Nickel Follows Up High Grade Results at Nisk with New Fully Funded 5000 M Drill Program
TORONTO, ON / ACCESSWIRE / March 24, 2022 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV:PNPN) (OTCBB:CMETF) (FRA:IVVI) is pleased to announce that a follow-up drill program has been authorized to take place as quickly as permits and a diamond drill rig can be obtained with the expectation that a 5000-meter program can commence later in Q2 after breakup.
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- March 15
, 2022Power Nickel Continues Extension of Mineralization with High Grade Results at Nisk
PN-21-003A - 27.4 Metres 0.94% Ni, 0.63% Cu, 0.06% Co, 0.72gPd, 0.10g PtTORONTO, ON / ACCESSWIRE / March 1, 2022 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN) (OTCQB:CMETF) (FSE:IVVI) and Critical Elements Lithium Corporation ("Critical Elements") (TSX-V:CRE) (OTCQX:CRECF) (FSE:F12) are pleased to announce nitial results have been received from its recent drill program at its "NISK" Nickel Sulphate project near James Bay. These initial drill results confirm the presence of high-grade Nickel Mineralization in the north-eastern portion of the Nisk Main mineralized lens. Compared to the historical results, the results obtained also suggest that, within this portion of the Nisk Main lens, higher grade mineralization extends by an additional 150 m at depth and to the northeast.
PN-21-002 - 8.4 Metres 1.45% 0.40% Cu, 0.10% Co, 1.21gPd, 0.45g PtRead Full Article
- March 8
, 2022Power Nickel Interview: 'The coming quarters change everything.'
A promising nickel project in Quebec, several gold properties in Canada and Chile, and a license agreement with Teck Resources that could yet provide surprises - Power Nickel's list of activities is long. But the Company is consolidating. As early as the second quarter, historical data is expected to be converted into an updated resource estimate for the flagship NISK project. Shareholders also stand to receive bonus shares later this year. Here is what Terry Lynch, CEO of Power Nickel, has in mind for 2022 and what the Company needs to do to be valued at CAD 800 million instead of CAD 15 million.
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- March 1
, 2022Power Nickel Extends Mineralization at Nisk and Continues Preparation for an Updated NI 43-101 Mineral Resource Estimate
19.9 Metres 0.7% Ni, 0.61% Cu, 0.04% Co, 0.81gPd, 0.39g PtTORONTO, ON / ACCESSWIRE / March 1, 2022 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN) (OTCQB:CMETF) (FSE:IVVI) and Critical Elements Lithium Corporation ("Critical Elements") (TSX-V:CRE) (OTCQX:CRECF) (FSE:F12) are pleased to announce initial results have been received from its recent drill program at its "NISK" Nickel Sulphate project near James Bay. These initial drill results confirm the presence of high-grade Nickel Mineralization in the north-eastern portion of the Nisk Main mineralized lens. Compared to the historical results, the results obtained also suggest that, within this portion of the Nisk Main lens, higher grade mineralization extends by an additional 150 m at depth and to the northeast.Read Full Article
- Feb 2
, 2022Power Nickel Discovers Two New High-Grade Gold Zones at It's Golden Triangle Project, Stewart, BC, Canada
SAMPLING RETURNS 16.2 G/T and 15.1 G/T GOLD IN OUTCROPVANCOUVER, BC / ACCESSWIRE / February 2, 2022 / Power Nickel Inc. (“Power Nickel” or the “Company“) (TSXV:CMX)(OTCQB:CMETF) is pleased to report assay results from its summer 2021 Golden Ivan Property (the “Property“) exploration. The highly successful 2021 prospecting and geologic mapping program has resulted in the discovery of two new high-grade gold zones yielding 16.2 grams-per-tonne (g/t) gold (Au) and 15.1 g/t Au in outcrop.Read Full Article
- Nov 16
, 2021Power Nickel Starts 4000 Metre Drilling Program
Power Nickel Inc. (the “Company” or “Power Nickel”) (TSXV:PNPN, OTCBB: CMETF, Frankfurt IVVI) is pleased to announce that it has commenced drilling on its Nisk Project. As previously noted the Company has used a new 3D geological model to generate the targets for this exploration program. The 3D geological model developed by 3DGeo-Solution Inc. (“3DGS”) identified a prospective set of targets which the Company feels will give the best potential to expand the Nisk historical deposit.
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- Nov 1
, 2021Power Nickel to Commence 4000 metre Drilling Program on Its Major Nickel Development Target "Nisk"
Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV:PNPN)(OTCQB:CMETF)(Frankfurt:IVVI) is pleased to announce that it has received and approved a 3D Litho-Structural Report on the Nisk project in James Bay from 3DGeo-Solution Inc. ("3DGS"), an expert in 3D modeling and Mineral Resource Estimation. The report identified a prospective set of targets that is felt will give the best potential to expand the Nisk historical deposit.
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- July 12
, 2021Chilean Metals is Now Power Nickel (PNPN:TSXV)
Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV:PNPN, OTCBB: CMETF, Frankfurt IVVI) is pleased to announce that it will commence trading under its new symbol PNPN on the TSXV on July 12, 2021. Chilean Metals has formally been renamed Power Nickel Inc. and will focus its efforts on the exploration and development of the James Bay Nisk project.
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- June 8
, 2021Chilean Metals Acquires Golden Ivan
Chilean Metals Inc. ("Chilean Metals," "CMX" or the "Company") (TSX.V:CMX)(SSE:CMX)(MILA:CMX) is pleased to announce it has agreed to acquire 100% of the Golden Ivan property from Granby Gold Inc., via a payment of 6,500,000 shares of CMX. Golden Ivan is located approximately 3 kilometers to the east of Stewart, BC in the heart of the Golden Triangle. The Golden Ivan property consists of 13 mineral claims, all in good standing, for a total area of approximately 797 hectares. This agreement revises the parties' earlier option agreement.
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- May 4
, 2021Chilean Metals Closes $2.2 Million Financing
Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V:CMX, OTCBB – CMETF, SSE:CMX, MILA: CMX) has closed a non-brokered private placement of $2,200,000 dollars, with $900,000 being done via issuance of 3,600,000 common shares at $0.25 and $1,200,000 in Flow-through Shares issued at $0.40 per share comprising of 3,000,000 shares. The proceeds from the flow-through shares will be used to incur Canadian exploration expenditures that qualify as flow-through mining expenditures (as such terms are defined in the Income Tax Act (Canada)).
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- April 16
, 2021Chilean Metals Arranges $2 Million Financing To Explore Nisk Nickel Project
Chilean Metals Inc. ("Chilean Metals," "CMX" or the "Company") (TSX.V:CMX) (OTCBB:CMETF) (SSE:CMX) (MILA:CMX) has arranged a non-brokered private placement of $2,000,000 dollars, with $1,000,000 being done via issuance of 4,000,000 common shares at $0.25 and $1,000,000 in Flow-through Shares issued at $0.40 per share comprising of 2,500,000 shares. The proceeds from the flow-through shares will be used to incur Canadian exploration expenditures that qualify as flow-through mining expenditures (as such terms are defined in the Income Tax Act (Canada)).
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- March 16
, 2021Chilean Metals Inc. to Change Name and Spin Out Two Pubcos Through Proposed Plan of Arrangement
Chilean Metals Inc. (the "Company" or "Chilean Metals") (TSXV:CMX, OTCBB: CMETF, Frankfurt IVVI) is pleased to announce that the board of directors has approved the Company's plans to change its name to Power Nickel Inc. and to spin-off two independent public companies to carry forward with its existing Chilean and British Colombia mining assets.
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- March 4
, 2021Chilean Metals Inc. Engages Paradox Investor Relations
Chilean Metals Inc. (TSXV:CMX)(OTCBB:CMETF)(FRANKFURT:IVVN ) (the "Company") is pleased to announce additional efforts to broaden awareness for the Company in the investment community through the engagement of Relations Publiques Paradox Inc.
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- Feb 25
, 2021Chilean Metals Closes NISK Acquisition Providing the Company a High-Grade Historical Nickel Copper Cobalt PEG Resource
Chilean Metals Inc. ("Chilean Metals," "CMX" or the "Company") (TSXV:CMX)(SSE:CMX)(MILA:CMX) s pleased to announce it has received TSXV conditional approval on its announced agreement to acquire 80% of the NISK property via a series of option payments and work commitments as further detailed below.
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- Feb 10
, 2021Chilean Metals Inc. Increases Investor Communication and Share Distribution
Chilean Metals Inc (TSXV:CMX) (the "Company") is pleased to announce two initiatives to broaden awareness for the company in the investment community. It has begun trading on the OTCBB under the symbol CMETF and launched a "CEO Verified" Discussion Forum on AGORACOM. The forum will serve as the Company's primary social media platform to interact with both shareholders and the broader investment community in a fully moderated environment.
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- Feb 1
, 2021Chilean Metals Intersects 716 g / t Silver and 0.453% Copper over 2 metre in Hole 3 at the Chanchero zone - Tierra de Oro project, Chile
Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V:CMX, SSE:CMX, MILA: CMX) is pleased to report results from Phase 1 of drilling at its Tierra de Oro (Land of Gold) project in 3rd Region of Atacama about 75 km south of Copiapó, Chile.
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- Jan 14
, 2021Chilean Metals Close Golden Triangle Acquisition
Chilean Metals Inc. ("Chilean Metals," "CMX" or the "Company") (TSXV:CMX)(SSE:CMX)(MILA:CMX) is pleased to announce it has received TSXV approval on its announced agreement to acquire 100% of the Golden Ivan property via a series of option payments and work commitments as further detailed below. Golden Ivan is located approximately 3 kilometers to the east of Stewart, BC in the heart of the Golden Triangle. The Golden Ivan property consists of 13 mineral claims, all in good standing, for a total area of approximately 797 hectares.
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- Dec 23
, 2020Chilean Metals Options High Grade Nickel Copper PGE Deposit in James Bay from Critical Elements
Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V: CMX, SSE: CMX, MILA: CMX) is pleased to announce it has reached subject to TSX.V approval and agreement to acquire up to 80% of the NISK property via a series of option payments and work commitments as further detailed below.
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- Nov 18
, 2020Chilean Metals Commences Drilling on the Tierra De Oro Project in Chile
Chilean Metals Inc. ("Chilean Metals," "CMX" or the "Company") (TSXV:CMX)(SSE:CMX)(MILA:CMX) has started on Phase 1 of drilling at its Tierra de Oro (Land of Gold) project in 3rd Region of Atacama about 75 km south of Copiapó, Chile.
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- Oct 13
, 2020Chilean Metals Announces Golden Triangle Acquisition
Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V: CMX, SSE: CMX, MILA: CMX) is pleased to announced it has reached and agreement to acquire 100% of the Golden Ivan property via a series of option payments and work commitments as further detailed below. Golden Ivan is located approx. 3 kilometers to the east of Stewart, BC in the heart of the Golden Triangle. The Golden Ivan property consists of thirteen (13) mineral claims, all in good standing, for a total area of approximately 797 hectares.
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- Oct 8
, 2020Chilean Metals Announces Debt Agreement
Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V:CMX, SSE:CMX, MILA: CMX) has entered into an agreement with a related party on the extension of $702,000 worth of debentures and advances (that are otherwise due or past due) for a further term of two years. This amended loan agreement and bonus warrants (described below) is subject to TSXV approval. The loan will carry an interest rate of 14% per annum and will be prepaid for year 1, with the interest added to the principal. Should Chilean Metals not pay off the debenture during year 2, the loan will carry forward interest only in arrears and be due on October 8, 2022.
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- Sept 29
, 2020Chilean Metals Closes $3 Million Financing
Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V:CMX, SSE:CMX, MILA: CMX) has completed a non brokered private placement of $3,017,525 dollars. The proposed financing resulted in the issuance of 30,175,250 units at $.10 per unit. Each unit is comprised of one common share of the Company (a “Common Share”) and one half of one common share purchase warrant (a “Warrant”), with each whole Warrant exercisable into a common share of the Company (a “Warrant Share”) at an exercise price of $0.15 per Warrant Share for a period of 24 months from date of closing of this offering. The Warrants will be subject to an accelerated expiry date if at any time after January 31, 2021, the Company’s common shares have a closing price equal to or greater than $0.30 per common share for ten (10) consecutive trading days on the TSX Venture Exchange, the Company shall thereafter be entitled to give notice to the holders of the CMX Warrants, by news release, that such Warrants will expire at 5:00 p.m. (Vancouver time) on that date which is 20 days after the date of such news release unless exercised before the expiry of that period.
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- Aug 13
, 2020Chilean Metals Updates Best Efforts Financing
Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V:CMX, SSE:CMX, MILA: CMX) intends to complete a best efforts financing of up to $3.00 million dollars. The proposed financing would be by way of issuance of up to 30,000,000 units at $.10 per unit. Each unit will be comprised of one common share of the Corporation (a “Common Share”) and one half of one common share purchase warrant (a “Warrant”), with each whole Warrant exercisable into a common share of the Corporation (a “Warrant Share”) at an exercise price of $0.15 per Warrant Share for a period of 24 months from date of closing of this offering. Warrants will be callable If at any time after January 31, 2021, the Company’s common shares have a closing price equal to or greater than $0.30 per common share for ten (10) consecutive trading days on the TSX Venture Exchange, the Company shall thereafter be entitled to give notice to the holders of the CMX Warrants, by news release, that such warrants will expire at 5:00 p.m. (Vancouver time) on that date which is 20 days after the date of such news release unless exercised before the expiry of that period. Participating brokers will be paid a commission of 8% and provided a broker warrant entitling them to acquire 8% of the amount invested in units for a period of 24 months.
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- July 7
, 2020Chilean Metals Signs Term Sheet To Acquire 50% of Tiris Gold For $4.5 Million
Chilean Metals Inc. (TSXV: CMX) (SSE: CMX) (MILA: CMX) ("Chilean Metals," "CMX" or the "Company") is pleased to advise that it has signed a C$4.5 million funding term sheet for the creation of a joint venture vehicle with ASX and AIM-listed Aura Energy Limited for its gold, base and battery metal tenements in Mauritania.
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- June 30
, 2020Chilean Metals Updates Management Seize Trade Order and Current Financing
Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V:CMX, SSE:CMX, MILA: CMX) Chilean Metals announces that further to its application for a Management Cease Trade Order (“MCTO”), which was granted by the British Columbia Securities Commission on June 17, 2020, the Company is required to provide bi-weekly status reports in accordance with the alternative information guidelines in National Policy 12-203 Management Cease Trade Orders (the “Guidelines”), until such time as the Company has completed and filed its audited annual financial statements and management’s discussion and analysis in respect of the financial year ended December 31, 2019 (the “Annual Filings”).
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- June 15
, 2020Chilean Metals Applies for Management Cease Trade Order
Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V:CMX, SSE:CMX, MILA: CMX) announces that it has requested a temporary Management Cease Trade Order (“MCTO”) from the British Columbia Securities Commission (“BCSC”) in connection with the Company’s filing of its audited annual financial statements (the “Audited Financial Statements”) and MD&A for the financial year ended December 31, 2019.
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- June 1
, 2020Chilean Metals Updates Best Efforts Financing
Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V:CMX, SSE:CMX, MILA: CMX) intends to complete a previously announced best efforts financing of up to $2.00 million dollars. The proposed financing would be by way of issuance of up to 20,000,000 units at $.10 per unit. Each unit will be comprised of one common share of the Corporation (a “Common Share”) and one half of one common share purchase warrant (a “Warrant”), with each whole Warrant exercisable into a common share of the Corporation (a “Warrant Share”) at an exercise price of $0.15 per Warrant Share for a period of 24 months from date of closing of this offering. Warrants will be callable If at any time after October 31, 2020, the Company’s common shares have a closing price equal to or greater than $0.30 per common share for ten (10) consecutive trading days on the TSX Venture Exchange, the Company shall thereafter be entitled to give notice to the holders of the CMX Warrants, by news release, that such warrants will expire at 5:00 p.m. (Vancouver time) on that date which is 20 days after the date of such news release unless exercised before the expiry of that period. Participating brokers will be paid a commission of 8% and provided a broker warrant entitling them to acquire 8% of the amount invested in units for a period of 24 months.
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- April 29
, 2020Chilean Metals Update on Annual Filing
Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V:CMX, SSE:CMX, MILA: CMX) intends to participate in the blanket relief program announced on March 18, 2020 (the “Blanket Order”) by the Canadian Securities Administrators (the “CSA”) extending deadlines to file financial statements and Management Discussion and Analysis (“MD&A”), the Company confirms that is relying on the relief therein in respect of its audited annual 2019 financial statements and the MD&A as a result of interruptions in the flow of information required in the preparation of financial reporting obligations, which it expects to file before the extension relief expiry on June 14, 2020. Until the Company has filed such financial statements and MD&A, insiders of the Company are subject to the Company’s share trading and black-out policy.
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- Feb 17
, 2020Chilean Metals Announces Best Efforts Financing
Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V:CMX, SSE:CMX, MILA: CMX) intends to complete a previously announced best efforts financing of up to $1.5 million. The proposed financing would be by way of issuance of up to 30,000,000 units at $.05 per unit. Each unit will be comprised of one common share of the Corporation (a “Common Share”) and one common share purchase warrant (a “Warrant”), with each whole Warrant exercisable into a common share of the Corporation (a “Warrant Share”) at an exercise price of $0.05 per Warrant Share for a period of 24 months from date of closing of this offering. Participating brokers will be paid a commission of 8% and provided a broker warrant entitling them to acquire 8% of the amount invested in units for a period of 24 months.
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