Metallic Minerals Corp V.MMG

Alternate Symbol(s): MMNGF

Metals & Mining Industrial Metals & Minerals

Metallic Minerals Corp. is a resource-stage mineral exploration company, focused on copper, silver, gold, and platinum group elements in the North American mining jurisdictions. The Company's projects include La Plata, Keno Silver and Alluvial Royalties. The La Plata project covers approximately 44 square kilometers (km2) within the historic high-grade La Plata mining district located at the southwest end of the prolific Colorado Mineral Belt. Mineralization is related to a large-scale precious metals plus platinum group element (PGE) porphyry copper system with associated high-grade silver and gold epithermal vein and replacement deposits. The 100%-owned Keno Silver project consists of around 171 Km2 adjacent to Hecla Mining’s mining operations in the historic Keno Hill Silver District of Canada's Yukon Territory. Its Alluvial Royalties include Australia Creek Royalty and Dominion Creek Alluvial Royalty. It owns a 100% interest in the McKay and Silver Hill properties (55 km2).

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Metallic Minerals Corp > Negotiating with Newmont

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Comment by mattbighamon Apr 06, 2024 6:50pm

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Post# 35975132

RE:RE:Negotiating with Newmont

NEM will own 28 million shares of MMG if they strike their .55 CAD warrants.
That will facilitate another DP at LP and maybe a limited exploration budget at Keno for 2024.
For $13 m and two DP's NEM will own a good chunk of MMG.Not just LP but Keno and the alluvials,as well.

MMG can't afford to dilute themselves out in this manner as La Plata is potentially massive and MMG will need to drill that out for many years.
MMG have to have a fair working partnership with NEM going forward and that deal has to be made now.

This is where the Enders appointment was crucial as NEM need to be dealt with right now.

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