Re: Flow-Through Private Placement Financing
That's encouraging.
Minimal dilution (25% higher than the present SP level) to facilitate DP's at both projects gives them time to release the new RC @ LP and see how it effects the SP.
This also tells NEM politely to take a back seat.
In the meantime, when MMG drills these targets they have prepared and detailed in the April 16,2024 NR at Morning Star,Renegade and Copper Hill and if they discover three,additional porhyry-rich centers MMG then have the makings of a district-scale entity on their hands.
Creative financing betting on their exploration work to drill discover and revised NR @ LP. Good news for shareholders. Kudos to management.
Metallic Minerals Announces Drill Results and New Drill Targets at the La Plata Project, Colorado, USA
La Plata has the potential to host a district-scale alkalic porphyry system with multiple porphyry centers, similar to the Alkalic systems at Cadia in Australia, and Red Chris and Galore Creek in the Golden Triangle of British Columbia.