CMC Metals Ltd. (TSX-V: CMB) (Frankfurt:ZM5P) (“CMC” or the
“Company”) is pleased to present a new vision for its
future and a review of its success in 2024 (also see at
www.cmcmetals.ca – CEO Corner – Updates from the CEO - “Hello
Investors, January 2025 edition”). CMC performed very well in 2024
establishing deals that set a solid foundation for growth and
shareholder value in 2025. We are implementing our mid-term
strategy which we expect will result in us outperforming many
micro-cap and small cap juniors in 2025. Our new vision is focused
on creating cash flowing properties within our strong portfolio of
silver-based exploration projects.
New Corporate Vision
Our new corporate vision is to establish cash flow producing
operations that can support further investment in exploration and
acquisition of high potential precious/critical metal assets in the
Americans.
We plan to accomplish this vision by:
- Within five years, establish operating and cash-flow producing
entities based on the utilization of improved and evolving ore
sorting technologies to produce high grade silver ores from
deposits in the Rancheria Silver District (i.e., Silver Hart, Blue
Heaven, Amy in BC/Yukon) that are environmentally friendly,
amenable to small scale open pit operations with very low operating
and capital costs, scaleable and growth oriented, highly
manageable, and well suited to a partnership approach with local
First Nations and communities in Yukon; and
- Continuing to expand resources and exploration prospectivity on
our existing properties to generate high value returns and saleable
assets;
- Acquiring new assets with strong exploration potential to
continue our commitment to owning a diversified portfolio of
precious metal projects that serve to support a pipeline approach
of value generation; and,
- Reducing dilution through a lower level of dependence on market
financing.
Kevin Brewer, President and CEO noted “We are very proud of our
success in 2024. We negotiated solid deals under challenging market
conditions and with minimal expenditures completed project work. It
is exciting to now be able to plan to drill at Amy and commence the
execution of our plan for small-scale production at Silver Hart.
Since its inception, CMA has always envisioned production at Silver
Hart and we intend to prove up the economics and then proceed with
a development plan in the medium term. We feel it is imperative to
communicate our vision, create a series of short and medium term
objectives, be transparent and honest about the challenges we face
and then most importantly deliver on our promises. 2025 is going to
be a very exciting year for our Company as we execute our new
vision that we expect will enhance shareholder value.”
Plans for 2025
- Drill Program at Amy: Application for an
exploration permit will be filed before the end of January and will
include a proposed drilling program to be commenced in Q3/Q4 2025.
Initial targets will include verifying historical drill holes which
were noted to intersect significant high-grade zones of
silver-lead-zinc mineralization and to also initiate delineation of
several large vein structures through trenching and mapping.
- Silver Hart – Pre-Development Studies and Partnership
Efforts: To undertake initial
metallurgical testing of Silver Hart ores and determine their
suitability for ore sorting.
- Continuing to work with our
Partners: Continue working with Coeur
Mining to advance exploration efforts on the Silverknife property
and support North Bay Resources Inc. to establish regular
processing of ores at the Bishop gold mill processing facility in
California.
- Advancing Other Assets to Drill-Ready Stage:
Initiate detailed examination of mineralized zone on the Blue
Heaven and Logjam properties with the objective of bringing the
properties to drill ready stages by 2026-2027.
Accomplishments in 2024
CMC made significant deals and made considerable advancements on
several fronts that set the stage for growth and shareholder value
in 2025 and beyond.
Our accomplishments in 2024 included:
Silverknife Option: Option
agreement with Coeur Mining Inc. providing significant property
expenditures and payments over a four year period to earn an
initial 75% and a deal possibly worth in excess of $6 million (see
cmcmetals.ca News-2024 Press release of November 20, 2024).
Sale of Bishop Gold Processing
Mill: An amendment of the original
purchase agreement for the gold processing mill in Bishop,
California, whereby North Bay Resources Inc. (“NBRI’) acquired 55%
ownership of the mill assets in partnership with 1436132 B.C. Ltd,
that provided CMC with $400,000CDN in common shares of NBRI and
$100,000USD in payments. The original purchase arrangement provides
for a further $150,000USD in payments and $200,000 CAD in common
shares in 2025 (see cmcmetals.ca News-2024 press releases dated
April 4 and August 15, 2024).
Securing Property Rights: CMC
acquired 100% ownership of the Bridal Veil Property, 100% ownership
of the Silverknife and Amy Properties and 80% interest in the Blue
Heaven Property (see cmcmetals.ca News-2024 press releases dated
February 6 and June 7, 2024).
Property Reclamation:
Completed a significant reclamation program on its Silver Hart and
Blue Heaven claims to maintain permit compliance and avoid property
bonding supplements (see cmcmetals.ca News-2024 press release dated
Sept. 19, 2024).
Property Advancement:
Completed a brief sampling effort on the Amy Property and prepared
a drill plan for 2025 (see cmcmetals.ca News-2024 press release
dated Nov 21, 2024).
Mineral Resource Estimate: On
behalf of CMC, MICON International Ltd. prepared a new 43-101
Compliant Mineral Resource Estimate for the Silver Hart Project
(see cmcmetals.ca press release dated Nov 20, 2024). This new MRE
will now be used to advance development plans at Silver Hart.
Financial Improvements:
Completed two financings and shares for debt issuances leading to
significant debt reduction.
Strengthening our Board: Added
John Land to the Board. John has considerable resource experience
and is also a very successful business person (see CMC press
release August 15, 2024). The Company again wishes to thank its
former Chairman John Bossio for his 14 years of dedicated
service.
The Company will also be attending upcoming
events in Vancouver including the Metals Investor Forum, January 18
and the Vancouver Resource Investment Conference January 19-20. Mr.
Brewer, President and CEO of the Company is available for
one-on-one meetings during these times and his contact information
is noted below. He welcomes the opportunity to discuss Company
activities and plans ahead.
Qualified Person
The Qualified Person responsible for this Mineral Resource
Estimate (MRE) is Charley Murahwi, M.Sc., P.Geo., FAusIMM of MICON
International Limited (as defined by National Instrument 43-101).
The Qualified Person has given his approval of the technical
information pertaining reported herein. The Company is committed to
meeting the highest standards of integrity, transparency and
consistency in reporting technical content, including geological
reporting, geophysical investigations, environmental and baseline
studies, engineering studies, metallurgical testing, assaying and
all other technical data.
About CMC Metals Ltd.
CMC Metals Ltd. is a growth stage exploration company focused on
opportunities for high grade polymetallic deposits in Yukon,
British Columbia and Newfoundland. Our polymetallic
silver-lead-zinc CRD prospects in the Rancheria Silver District
include the Silver Hart Deposit and Blue Heaven claims (Yukon), Amy
and Silverknife claims (British Columbia). Our polymetallic
projects with potential for copper-silver-gold and other metals
include Bridal Veil (central Newfoundland) and Logjam (Yukon).
On behalf of the Board: “Kevin
Brewer”President, CEO and DirectorCMC METALS LTD.
For Further Information and Investor
Inquiries:
Kevin Brewer, P. Geo., MBA, B.Sc.(Hons), Dip.
Mine Eng.President, CEO and Director Tel: (+52) 669 198
8503Cellular : 709 327 8013kbrewer80@hotmail.comSuite 1000-409
Granville St., Vancouver, BC, V6C 1T2
To be added to CMC's news distribution list,
please send an email to info@cmcmetals.ca or contact Mr. Kevin
Brewer directly.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
“This news release may contain certain
statements that constitute “forward-looking information” within the
meaning of applicable securities law, including without limitation,
statements that address the timing and content of upcoming work
programs, geological interpretations, receipt of property titles
and exploitation activities and developments. In this release
disclosure regarding the potential to undertake future exploration
work comprise forward looking statements. Forward-looking
statements address future events and conditions and are necessarily
based upon a number of estimates and assumptions. While such
estimates and assumptions are considered reasonable by the
management of the Company, they are inherently subject to
significant business, economic, competitive and regulatory
uncertainties and risks, including the ability of the Company to
raise the funds necessary to fund its projects, to carry out the
work and, accordingly, may not occur as described herein or at all.
Actual results may differ materially from those currently
anticipated in such statements. Factors that could cause actual
results to differ materially from those in forward looking
statements include market prices, exploitation and exploration
successes, the timing and receipt of government and regulatory
approvals, the impact of the constantly evolving COVID-19 pandemic
crisis and continued availability of capital and financing and
general economic, market or business conditions. Readers are
referred to the Company’s filings with the Canadian securities
regulators for information on these and other risk factors,
available at www.sedar.com. Investors are cautioned that
forward-looking statements are not guarantees of future performance
or events and, accordingly are cautioned not to put undue reliance
on forward-looking statements due to the inherent uncertainty of
such statements. The forward-looking statements included in this
news release are made as of the date hereof and the Company
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as expressly required by
applicable securities legislation.”
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