Highlights: Results from targeted drilling which expanded high-grade areas of the B26 Deposit: Hole 1274-25-363 - 1% CuEq over 63.2 metres beginning at 412.3 metres depth, including 4.8% CuEq over 4.1 metres beginning at 455.5 metres depth. Hole 1274-25-365 - 2.13% CuEq over 11 metres beginning at 507.2 metres depth. Hole 1274-25-366 - 1.84% CuEq over 29.6 metres beginning at 546 metres depth, including 3.38% CuEq over [...]
Highlights: Expansion Strategy: The B26 Deposit remains completely open for expansion. Large-scale target areas have been reviewed and prioritized based on their high-grade mineralization potential and proximity to zones with current development potential. This program represents the first large-scale expansional drilling initiative since the Company optioned the B26 Deposit. Exploration Targets: Drilling will target the [...]
Abitibi Metals Corp. is pleased to announce it has completed and confirmed in collaboration with its partner SOQUEM that all requirements to earn a 50% interest in the B26 Polymetallic deposit have been successfully fulfilled. This news follows the Company's recently announced mineral resource estimate1 of 11.3 million tonnes at 2.13% CuEq and 7.2 million tonnes at 2.21% CuEq . On November 16, 2023, the Company entered [...]
Highlights: Two geophysical surveys completed at the B26 Deposit: 1,028 line-km heliborne VTEM™ Plus and magnetic gradiometer survey covering the entire property Downhole Pulse EM survey in three selected drill holes on the boundaries of the B26 Deposit Follow-up on the high-priority gravity anomaly identified on the east side of the B26 Deposit: 400-500m in diameter at 800m depth Lies outside current mineralized [...]
Abitibi Metals Corp. is pleased to announce that, subsequent to the closing of the bought deal prospectus offering on April 10, 2025, it has closed on an additional non-brokered private placement raising gross proceeds of $500,000 through the issuance of 1,785,714 common shares at a price of C$0.28 per Share subscribed by SIDEX Limited Partnership. Jonathon Deluce, CEO of Abitibi, stated, "Following the recent closing of [...]
Abitibi Metals is pleased to announce that, further to its previously announced bought deal public offering which closed on April 10, 2025 for total gross proceeds to the Company of $9,732,142.93, the Company has issued an additional 2,055,000 common shares for additional gross proceeds of $575,400.00, pursuant to the partial exercise of an over-allotment option granted to the Underwriters. The net proceeds from the [...]
Highlights: Fully funded Phase 3 drill program underway, with approximately 20,000 metres at the B26 Polymetallic Deposit in 2025. Program designed to advance three key objectives: increase resource size and grade by targeting the expansion of high-grade zones and open-ended mineralized trends, while also unlocking regional potential for new discoveries. Previous drilling highlights include: 10.6 metres at 11.4% CuEq [...]
Vancouver, B.C. - Abitibi Metals Corp. is pleased to announce that it has closed its previously announced bought deal offering . Under the Offering, the Company issued: 8,928,571 common shares of the Company at a price of $0.28 per Offered Common Share for gross proceeds of $2,499,999.88; and 16,071,429 common shares of the Company issued as "flow-through shares" at a price of $0.45 per Flow-Through Share for gross [...]
Abitibi Metals is pleased to announce that, in connection with its previously announced "bought-deal" offering led by BMO Capital Markets, as lead underwriter and sole bookrunner, together with Haywood Securities, Canaccord Genuity, Desjardins Securities, Raymond James Ltd. and Stifel Nicolaus Canada, it has filed a final short form prospectus in each of the provinces of Canada to qualify the distribution of: 8,928,571 [...]
Abitibi Metals has announced today that it has agreed to a revised bought deal financing further to its previous announcement on March 24, 2025. The revised offering is in response to the Province of Quebec 2025 expenditure budget announced on March 25, 2025, which introduced changes to the treatment of Quebec critical minerals flow-through tax credits. Under the new agreement with a syndicate of underwriters led by BMO [...]
Abitibi Metals has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on bought deal basis 12,500,000 Charity Flow-Through Common Shares, at a price of C$0.55 per Charity Flow-Through Common Share and 12,500,000 Common Shares, at a price of C$0.28 per Common Share, for total gross proceeds of approximately C$10 [...]
Highlights: Expansional results from key target areas at the B26 Deposit: Hole 1274-24-359 - Over 32 m of more than 2% CuEq across multiple intervals including: 2.0% CuEq over 16.5 m, beginning at 326m depth, 3.3% CuEq over 6.85 m, beginning at 381.15m depth, and 2.14% CuEq over 7.2 m, beginning at 476.4m Hole 1274-24-360 - 1.94% CuEq over 29 m beginning at 262 m depth, including 8.08% CuEq over 2.9 metres beginning at [...]
