KQ9

Nine Mile Metals Increases Flow Through Financing to $1.5 Million

Retrieved on: 
Wednesday, December 13, 2023
TSX Venture Exchange, KQ9, Sale, Income Tax Act, Indian stock exchange, Canada Revenue Agency, News, CRA, Warrant, OTCQB, FT, Security (finance)

The FT private placement will now consist of the sale of up to 7,500,000 FT Units at $0.20 each, for gross proceeds of up to $1,500,000.

Key Points: 
  • The FT private placement will now consist of the sale of up to 7,500,000 FT Units at $0.20 each, for gross proceeds of up to $1,500,000.
  • Each FT Unit will be comprised of one common share, issued on a flow-through basis (“FT Share”) and one-half Common Share purchase warrant, issued on a non-flowthrough basis (“Warrant").
  • No Related Parties intend to participate in and no new control persons will be created by the FT private placement.
  • All securities issued in the FT private placement will be subject to a four-month and a day hold period.

Nine Mile Metals Announces Flow Through Financing

Retrieved on: 
Wednesday, December 13, 2023
KQ9, Sale, Income Tax Act, Indian stock exchange, Wedge, Warrant, OTCQB, FT, Security (finance)

VANCOUVER, British Columbia, Dec. 12, 2023 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) announces the terms of a new flow-through (“FT”) private placement.

Key Points: 
  • VANCOUVER, British Columbia, Dec. 12, 2023 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) announces the terms of a new flow-through (“FT”) private placement.
  • The FT private placement will consist of the sale of up to 2,500,000 FT Units at $0.20 each, for gross proceeds of up to $500,000.
  • Each FT Unit will be comprised of one common share, issued on a flow-through basis (“FT Share”) and one-half Common Share purchase warrant, issued on a non-flowthrough basis (“Warrant").
  • No Related Parties intend to participate in and no new control persons will be created by the FT private placement.

Nine Mile Metals Provides Drilling Update at California Lake Drill Hole (CL23-10-01)

Retrieved on: 
Friday, December 8, 2023
National instrument, Copper, Rhyolite, Azimuth, KQ9, VMS, Zinc, Environment, Chapais, Disclosure, News, Temperature, OTCQB, Radius, XRF, Fe, Bathurst Mining Camp, Hardness, PGO, BMC, Dip

VANCOUVER, British Columbia, Dec. 08, 2023 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), is pleased to provide an update on its current drill hole (CL23-10-01) at its California Lake VMS Project.

Key Points: 
  • VANCOUVER, British Columbia, Dec. 08, 2023 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), is pleased to provide an update on its current drill hole (CL23-10-01) at its California Lake VMS Project.
  • Drill hole is currently at a depth of 433.3 meters, now targeting Lens A at a measured depth of 720m.
  • Due to the length of this targeted drill hole, continued monitoring of the azimuth and dip is critical.
  • Once the drill hole is collared, a gyro survey is conducted at every 30-meter interval recording both the azimuth and dip.

Nine Mile Metals Files Bulk Sample Permit and Receives Conditional Approval for its High-Grade Lens Bulk Sample Project at Nine Mile Brook

Retrieved on: 
Tuesday, December 5, 2023
National instrument, Gemtech, KQ9, Sediment, News, OTCQB, NB, Canal

VANCOUVER, British Columbia, Dec. 05, 2023 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), is pleased to announce the submission and conditional approval of its Nine Mile Brook Lens Bulk Sample Permit to the NB DEM, for the Nine Mile Brook Lens Bulk Sample Project.

Key Points: 
  • VANCOUVER, British Columbia, Dec. 05, 2023 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), is pleased to announce the submission and conditional approval of its Nine Mile Brook Lens Bulk Sample Permit to the NB DEM, for the Nine Mile Brook Lens Bulk Sample Project.
  • Nine Mile Metals has received conditional NB DEM Bulk Sample Permit Approval “Pending submission of the Gemtec Reclamation Plan Design”, which is expected to be completed within a few days.
  • GEMTEC has completed and delivered the Nine Mile Brook Bulk Sample Engineering Site Plan, in support of the permit process which has been submitted to the NB DEM.
  • Patrick J. Cruickshank, CEO and Director, stated, “We are pleased to advance our Nine Mile Brook Lens bulk sample program into the execution stage.

Nine Mile Metals Announces Further Updates to Convertible Loan Financing

Retrieved on: 
Tuesday, December 5, 2023
OTCQB, Finance Secretary (India), Convertible, KQ9, News, Security (finance)

VANCOUVER, British Columbia, Dec. 04, 2023 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), discloses that it will amend the proposed unsecured convertible loan financing that it announced in the Company’s news releases on November 21 and 27, 2023, (the “Convertible Loan”).

Key Points: 
  • VANCOUVER, British Columbia, Dec. 04, 2023 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), discloses that it will amend the proposed unsecured convertible loan financing that it announced in the Company’s news releases on November 21 and 27, 2023, (the “Convertible Loan”).
  • Convertible Loan proceeds will be used for advancing the bulk sample program on the Nine Mile Brook project and general working capital.
  • The updates to the Convertible Loan financing are that proceeds will be up to $250,000 and it will be the choice of each lender whether to convert the amount owing on the Maturity Date into Units.
  • The terms of the Convertible Loan are subject to acceptance by the CSE.

Nine Mile Metals Updates Loan Financing to Convertible Loan

Retrieved on: 
Monday, November 27, 2023
OTCQB, Convertible, Finance Secretary (India), KQ9, News, Security (finance)

VANCOUVER, British Columbia, Nov. 27, 2023 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), discloses that it will update the proposed unsecured loan financing for proceeds of up to $500,000 that it announced in the Company’s news release on November 21, 2023, to an unsecured convertible loan financing (the “Convertible Loan”).

Key Points: 
  • VANCOUVER, British Columbia, Nov. 27, 2023 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), discloses that it will update the proposed unsecured loan financing for proceeds of up to $500,000 that it announced in the Company’s news release on November 21, 2023, to an unsecured convertible loan financing (the “Convertible Loan”).
  • The Convertible Loan financing will be for proceeds of up to $500,000.
  • Convertible Loan proceeds will be used for advancing the bulk sample program on the Nine Mile Brook project and general working capital.
  • The terms of the Convertible Loan are subject to acceptance by the CSE.

Nine Mile Metals Announces Loan Financing

Retrieved on: 
Tuesday, November 21, 2023
OTCQB, Finance Secretary (India), Share (finance), Loan, KQ9, Security (finance)

VANCOUVER, British Columbia, Nov. 21, 2023 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), announces its intention to complete an unsecured loan financing for proceeds of up to $500,000 (the “Loan”) for accredited investors.

Key Points: 
  • VANCOUVER, British Columbia, Nov. 21, 2023 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), announces its intention to complete an unsecured loan financing for proceeds of up to $500,000 (the “Loan”) for accredited investors.
  • In consideration for the Loan, the Company has agreed to issue a 20% bonus in common shares of the Company (the “Bonus Shares”).
  • The calculation of the Bonus Shares will be 20% of the principal amount of the Loan divided by $0.11 per share.
  • Loan proceeds will be used for advancing the bulk study program on Nine Mile Brook project and general working capital.

Nine Mile Metals Mobilizes California Lake VMS Drill Program and Introduces New Targeting Technology, Bathurst Mining Camp, New Brunswick

Retrieved on: 
Thursday, November 16, 2023
FSE, BMC, NB, Strong, CSE, OTCQB, N.B, Geology, VMS, Algorithm, Chapais, Magnetotellurics, Brunswick 12 mine, Bathurst Mining Camp, Reindeer, Acoustic, KQ9, EEX, Outline, Lens

ESSCO identified the sub surface 3D density targets consistent with existing Bathurst Mining Camp VMS deposits as baseline models for their technology processes.

Key Points: 
  • ESSCO identified the sub surface 3D density targets consistent with existing Bathurst Mining Camp VMS deposits as baseline models for their technology processes.
  • This technology was developed as a regional screening tool to facilitate targeting within large, known productive mineralized camps such as the Bathurst Mining Camp (“BMC”).
  • Our recent land acquisitions have made it possible to finalize our technology targeting process on our entire Nine Mile Metals portfolio.
  • Chapais also integrates Starlink Satellite Internet technology at their rig providing instant drill hole monitoring and metrics in real time.

Nine Mile Metals Receives Final Water Baseline Water and Sediments Certified Lab Analysis Report From GEMTEC and Finalizes Engineer Site Plan Analysis

Retrieved on: 
Tuesday, November 7, 2023
Flo, PH, KQ9, QA/QC, Temperature, Science, UAV, Lidar, Metal, News, Project, Final, CSE, Natural resource, National instrument, OTCQB, Baseline, Development, Reclaim, Zinc, NB, FSE, Mining, Water quality, Bathurst Mining Camp, Canal, Surveying, Environmental remediation, Engineering

GEMTEC has delivered Nine Mile Metals its Final Report complete with the Baseline Water & Sediments Lab Certified Results to act as the Project’s baseline levels for its upcoming Bulk Sample Project.

Key Points: 
  • GEMTEC has delivered Nine Mile Metals its Final Report complete with the Baseline Water & Sediments Lab Certified Results to act as the Project’s baseline levels for its upcoming Bulk Sample Project.
  • Gemtec’s Engineering Team will be conducting its final site visit today with its UAV drone to complete Lidar mapping and site design analysis.
  • Nine Mile Metals will submit its Bulk Sample Permit filing next week once the Engineering Site Plan is received.
  • Nine Mile Metals has selected its vendors of choice for the site plan excavation and processing stages.

Nine Mile Metals to Drill the Wedge Project, Bathurst Mining Camp, New Brunswick

Retrieved on: 
Thursday, October 26, 2023
Wedge Mine, BMC, KQ9, Copper, News, Disclosure, Acquisition, CSE, National instrument, OTCQB, Spruce Lake, McCutcheon, PGO, PB, Zinc, FSE, Magnetic anomaly, Wedge, VMS, Teck Resources, Mining

Lantech Drilling has been engaged to drill these high priority targets once it completes the current hole at Nine Mile Brook.

Key Points: 
  • Lantech Drilling has been engaged to drill these high priority targets once it completes the current hole at Nine Mile Brook.
  • In addition to the historic Wedge Mine, the Cominco Wedge Mine Extension (never drill tested), the newly acquired Wedge North Target, which completes the California Lake East Trend, West Wedge and Tribag (representing a 4.5kms VMS Trend) and Lower 44 Mile Brook targets.
  • Figure 1: “New” Drill Program High Priority Targets, Wedge Project Area, New Brunswick
    Discovered in 1956, the Wedge Mine is located at the northern terminus of a strong magnetic linear (Figure 1).
  • To the northwest, both the West Wedge and Tribag lie along the west flank of a similar magnetic anomaly near parallel to the one at the Wedge.