Since the last conference, we once again invited the president of Metallic Minerals Corp, Scott Petsel to this episode of Metals 100, who talked about the latest updates on silver, #gold, #copper, and critical Minerals in North America. Scott emphasized that the company got strong strategic investors including Newcrest Mining (Newmont Mining) and Eric Sprott. MMG has top North American mining jurisdictions with well-established infrastructure, and as of Dec 1, 2023, its stock price increased by over 50% since the beginning of this year.
About Metallic Minerals Corp. (TSXV: MMG, OTCQB: MMNGF)
Metallic Minerals Corp. is a leading exploration and development stage company focused on copper, silver, gold, and other critical minerals in the La Plata mining district in Colorado, and silver and gold in the high-grade Keno Hill and Klondike districts of the Yukon. Our objective is to create shareholder value through a systematic, entrepreneurial approach to making exploration discoveries, growing resources, and advancing projects toward development.
The Company’s 100 %-owned La Plata project in southwestern Colorado hosts a porphyry copper-silver resource consisting of 1.21 billion pounds of copper and 17.6 Moz of silver. Drilling in 2022 provided the basis for the expanded 2023 resource estimate, including the longest and highest-grade interval ever encountered at La Plata and one of the top intersections for any North American copper project in the past several years. In May 2023, the Company announced a 9.5% strategic investment by Newcrest Mining Limited (acquired by Newmont Mining in Q4 2023) to fund the current 2023 drill campaign and accelerate the overall advancement of the project. Colorado ranked 5th globally for investment attractiveness and 2nd in the USA in the Fraser Institute’s 2023 Annual Survey of Mining Companies.
For further information, please visit company website.
NAI500’s METALS 100 series is a mining sector-focused program where we invite selected CEOs and senior executives of public mining companies to uncover great investment opportunities for every day investors.
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