MTB Metals Corp V.MTB

Alternate Symbol(s): MBYMF

Metals & Mining Industrial Metals & Minerals

MTB Metals Corp is a Canadian mineral exploration company. The Company has six active projects spanning 670 square kilometers (67,587 hectares) in the prolific Golden Triangle of northern British Columbia. Its projects include Telegraph, American Creek, Red Cliff, BA property, Theia and Southmore. The Telegraph project is located in the vicinity of four porphyry deposits being advanced by mining companies: Galore (Teck / Newmont), Schaft (Teck), Saddle (Newmont) and the operating Red Chris copper-gold mine (Newcrest / Imperial Metals). The American Creek project is centered on the historic Mountain Boy silver mine. The project is road accessible and 20 kilometers (km) from the deep-water port of Stewart. Red Cliff is a past producing gold and copper mine in which the Company holds a 35% interest. The BA property is a silver-lead-zinc mineralization located approximately four km from the highway. The Southmore is in the midst of some of the deposits in the Golden Triangle.

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MTB Metals Corp

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Comment by arossblueon Apr 23, 2019 12:29pm

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Post# 29659757

RE:RE:RE:Steady Insider Buying

From MTB's latest financial statement:

As of November 30, 2018, the Company has a balance payable to Decade of $1,135,278 (2017: $392,709) for joint venture exploration costs on Red Cliff which was included in due to joint venture partner and Decade owed $37,521 (2017: $31,021) to the Company for the reimbursement of expenses. The amounts owing between Decade and the Company are non- interest bearing and due on demand. Subsequently, on March 28, 2019, Decade and the Company agreed that if the Company pays $925,000 to Decade by June 30, 2019, all amounts owing up to March 28, 2019 (net of the receivable from Decade) by the Company will be considered settled in full. As the agreement and settlement was not completed by the Company’s November 30, 2018 fiscal year end the balance of $1,135,278 is recorded as the liability amount due to joint partner.