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Contact XTM >(NewsDirect) Transition Metals CEO Scott McLean shared with Steve Darling from Proactive the company is looking to go the markets for $1 million in financing to fuel its exploration efforts in Ontario and the Yukon. McLean telling Proactive the company, at Pike Warden, is planning systematic prospecting, mapping, and hand trenching across the property and an RC drill program is also being considered to further evaluate the extent of mineralization at the ERT Zone. At Maude Lake, the company is planning additional summer programs including line-cutting, a ground electromagnetic geophysical sur...
Sudbury, Ontario--(Newsfile Corp. - May 9, 2023) - Transition Metals Corp. (TSXV: XTM) ("Transition" or the "Company") is pleased to announce that it intends to raise a minimum of $500,000 and up to an aggregate of $1,000,000 by way of a non brokered private placement (the "Offering"). The Offering will consist of up to 4,000,000 Flow Through Units (the "FTU") at a price of $0.10 per Unit, for proceeds of up to $400,000; up to 3,424,658 Charity Flow Through Units (the "CFU") at a price of $0.1168 per Unit, for proceeds of up to $400,000; and 2,500,000 Hard Dollar Units (the "HDU") at a price...
(NewsDirect) Transition Metals CEO Scott McLean joined Steve Darling from Proactive to provide insight into results from a borehole electromagnetic survey completed on the Maude Lake Property. The survey was done from hole ML-22-03 at a depth of 160 metres downhole. McLean says hole L-22-03, which is the furthest step-out hole drilled, saw nickel (Ni) and copper mineralization exposed at the surface returning 17.01 metres of 0.46% Ni, including 4.26 metres of 1.27% Ni and the borehole surveys detected a large untested off-hole conductor at the 160 metres mark. The company says follow-up work...
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