Abitibi Metals is pleased to profile the achievement of several significant milestones throughout 2023 and provide the Company’s outlook for 2024. Since going public in 2020, Abitibi has focused on unlocking shareholder value through accretive acquisitions and being strategic and responsible with the Company’s treasury. In 2023, Abitibi made the decision to rebrand reflecting its vision of creating a metals company in the [...]
Abitibi Metals is pleased to announce that drilling has commenced at the high-grade B26 Polymetallic Copper Deposit. The drill program is the first undertaken by Abitibi at the Project and represents a significant milestone for the Company following the closing of its recent financings, totalling $14.37 million. On November 16th, 2023, the Company entered into an option agreement on the B26 Deposit to earn 80% over 7 [...]
Abitibi Metals is pleased to announce that it has engaged the services of Forage DCB Drilling of Rouyn-Noranda to complete the near-term drill program for the high-grade B26 Polymetallic Copper Deposit. Jonathan Deluce, CEO of Abitibi Metals stated: “We are thrilled to partner with DCB and bring a top-notch team together for the maiden drill program at the high-grade B26 Polymetallic Copper Deposit. As we launch the first [...]
Abitibi Metals is pleased to announce the appointment of Mr. Shane Williams to the Company’s Advisory Committee. Shane Williams is an accomplished mining executive and engineer, renowned for his track record of executional excellence in successful mine restarts and builds. With extensive experience in Canada’s gold mining sector, and particularly his successful track record in Quebec, his experience and expertise are [...]
Abitibi Metals is pleased to announce that it has closed its non-brokered private placement raising gross proceeds of $10,000,000.30 through the issuance of (i) 13,571,429 charity flow-through common shares priced at C$0.70 per CFT Share, and (ii) 833,333 flow-through common shares priced at C$0.60 per FT Share. Jonathon Deluce, CEO of Abitibi Metals, stated, “We are very grateful for the support Abitibi Metals has [...]
Abitibi Metals is pleased to announce the appointment of Mr. Eric Kallio to the Company’s Advisory Committee. Mr. Kallio brings a wealth of experience from his four-decade career in the mining industry, where he has served in a number of roles focused on exploration, underground and open pit mine planning, scoping and feasibility studies in Canada and abroad, including most recently as Executive Vice President [...]
Abitibi Metals is pleased to announce that, due to overwhelming interest, the Company’s non-brokered private placement previously announced on December 19, 2023 has been upsized. The Offering will now consist of up to 14,404,761 common shares of the Company that will be closed before Dec 29, 2023. The Offering consists of two parts, a) $9,500,000 of charity flow-through common shares $500,000 of flow-through common shares [...]
Abitibi Metals is pleased to announce a non-brokered private placement to raise gross proceeds of up to C$4,000,000 through the issuance of up to 5,833,333 common shares of the Company that will be closed before Dec 29, 2023. The Offering consists of two parts, a) $3,500,000 of charity flow-through common shares priced at C$0.70/share for the issuance of 5,000,000 CFT Shares and b) $500,000 of flow-through common shares [...]
Abitibi Metals is pleased to announce that, further to its news releases on December 4 and 5, 2023, the Company has closed its non-brokered private placement of $4,377,850 through the issuance of 14,592,834 common shares at a price of $0.30 per share with lead orders from Frank Giustra, Greg Chamandy and other strategic investors. Greg Chamandy commented “I am thrilled to be a strategic investor in Abitibi Metals and help [...]
Abitibi Metals is pleased to announce that, due to overwhelming interest, the Company’s non-brokered private placement previously announced on Dec 4, 2023 has been upsized and is fully allocated. The Offering will now consist of up to 13,333,333 common shares of the Company at a price of C$0.30 per share for up to total gross proceeds of up to C$4,000,000. The net proceeds of the Offering will be used to increase the size [...]
Abitibi Metals is pleased to announce a non-brokered private placement of up to 10,000,000 common shares of the Company at a price of $0.30 per common share for up to total gross proceeds of up to $3,000,000 with lead orders from Frank Giustra, Greg Chamandy and other strategic investors. Jonathon Deluce, CEO of Abitibi Metals, stated, “We are thrilled to announce a strategic investment from Mr. Frank Giustra a [...]
Abitibi Metals is pleased to unveil its 2024 exploration strategy for the high-grade B26 Polymetallic Copper Deposit. Located within the prolific Abitibi Greenstone Belt, B26 represents a substantial opportunity to develop a copper, zinc, gold, and silver Polymetallic Deposit in a region with a rich history of base and precious metal production, which includes the Detour and Casa Berardi Mines. On November 16, 2023 the [...]
