Thunder Bay, Ontario, August 17, 2020: White Metal Resources Corp. (TSXV:WHM) (“White Metal” or the “Company”) is pleased to announce that, subject to final regulatory approval, the Company has completed a non-brokered private placement of flow-through and non flow-through units (the “Private Placement”).
The Company raised gross proceeds totalling $1,225,250 by issuing a combination of flow-through and non flow-through units. On receipt of regulatory approval, the Company will issue 2,753,571 flow-through units at a price of $0.07 per unit, each unit consisting of one flow-through common share and one-half of one common share purchase warrant, each full warrant entitling the holder thereof to purchase an additional common share of the Company at a price of $0.10 for a period of 24 months following the date of issuance. The flow-through shares will entitle the holder to receive the tax benefits applicable in accordance with provisions of the Income Tax Act (Canada). 7/23/2020
July 23, 2020 - White Metal Receives Update on Far Lake Copper-Silver Project from Benton ResourcesThunder Bay, Ontario, July 23, 2020: White Metal Resources Corp. (TSXV:WHM) (“White Metal” or the “Company”) is pleased to announce that it has received an exploration update from Benton Resources Corp. (“Benton”) for work completed to date on the Far Lake Copper-Silver Project (the ”Project”). The Project is located about 75 km northwest of the port city of Thunder Bay and north of the Shebandowan Greenstone Belt. Benton has the option to earn up to a 70% interest in the Project (see Company PR dated May 20, 2020).
Thunder Bay, Ontario, July 9, 2020: White Metal Resources Corp. (TSXV:WHM) (“White Metal” or the “Company”) announces that it has granted 150,000 stock options at an exercise price of $0.10 for a period of five years from the date of issuance to an officer of the Company.
About White Metal Resources Corp (TSX-V: WHM): White Metal Resources Corp. is a junior exploration company exploring in Canada. For more information please visit the Company’s website at www.whitemetalres.com. On behalf of the Board of Directors of White Metal Resources Corp. “Michael Stares” Michael Stares, Director For further information contact: Michael Stares 684 Squier Street Thunder Bay, Ontario, Canada, P7B 4A8 Phone: (807) 628-7836 Fax: (807) 475 7200 Thunder Bay, Ontario, June 25, 2020: White Metal Resources Corp. (TSXV:WHM) (“White Metal” or the “Company”) is pleased to announce that it has signed a binding letter of intent (“LOI”) with prospector Melvin Stewart (the “Optionor”) in regards to the option acquisition of the Tower Stock Gold Project (the “Project” or the “Property”), located in Conmee Township about 40 km west-northwest of the port city of Thunder Bay, Ontario. The Project currently covers approximately 2,010 ha comprising both unpatented and patented mining claims.
Thunder Bay, Ontario, May 20, 2020: White Metal Resources Corp. (TSXV:WHM) (“White Metal” or the “Company”) is pleased to announce that it has signed a letter of intent (“LOI”) with Benton Resources Inc., (TSXV:BEX) (“Benton”) for Benton to earn up to a 70% interest in the Far Lake Copper-Silver Project (the ”Project”). The Project, located about 75 km northwest of the port city of Thunder Bay and north of the Shebandowan Greenstone Belt, comprises 196 single cell mining claims and covers about 4,178 hectares. The Company recently completed a 464 line-kilometre, fixed-wing, high-resolution aeromagnetic gradiometer and digital VLF-EM survey over the Project (see Company news release dated April 22, 2020) as part of ongoing exploration designed to follow up on its successful 2019 prospecting, trenching and sampling programs that led to the discovery of copper-silver mineralization, including a 0.7 metre channel sample across massive sulphide that assayed 22.0% Cu, 30.2 g/t Ag, and 0.25 g/t Au (see Company news release dated September 30, 2019).
Thunder Bay, Ontario, May 5, 2020: White Metal Resources Corp. (TSXV:WHM) (“White Metal” or the “Company”) announces that it has granted natural resources investor RZJ Capital Management LLC (“RZJ”) a further 6 month extension of time in regards to the previously announced binding Letter of Agreement (“LOA”) (see Company news release dated January 21, 2019) with respect to certain licenses that comprise the Dorwit Copper-Silver Property (the “Property”), located in Namibia. Thunder Bay, Ontario, April 22, 2020: White Metal Resources Corp. (TSXV:WHM) (“White Metal” or the “Company”) is pleased to announce that it has received the results of its 464 line-kilometre, fixed-wing, high-resolution aeromagnetic gradiometer and digital VLF-EM survey, completed over the Far Lake Copper-Silver Project (the “Project” or the “Property”). The airborne survey is part of the exploration program designed to follow up its successful 2019 prospecting, trenching and sampling programs that led to the discovery of copper-silver mineralization, including a 0.7 metre channel sample across massive sulphide that assayed 22.0% Cu, 30.2 g/t Ag, and 0.25 g/t Au (see Company news release dated September 30, 2019). The Project, located about 75 km northwest of the port city of Thunder Bay and north of the Shebandowan Greenstone Belt, comprises 196 single cell mining claims and covers about 4,178 hectares.
Platinum-Palladium Project
Thunder Bay, Ontario, April 3, 2020: White Metal Resources Corp. (TSXV:WHM) (“White Metal” or the “Company”) is pleased to announce that the company has received TSX Venture Exchange approval in regards to the Seagull Lake Platinum-Palladium Project (the “Project” or the “Property”) and its letter of intent with Quadro Resources Ltd. (“Quadro” or “QRO”) (see Company news release dated February 21, 2020). The Project, which covers 7,539 ha, is about a one hour drive north of the port city of Thunder Bay, is located about 50 km south of Impala Canada's Lac des Iles Mine (previously North American Palladium), and is about 28 km north of the copper (Cu), nickel (Ni), and platinum group element (PGE) discoveries of Rio Tinto and Panoramic Resources. Thunder Bay, Ontario, March 2, 2020: White Metal Resources Corp. (TSXV:WHM) (“White Metal” or the “Company”) is pleased to announce that it has acquired through staking a 100% interest in two prospective Cu-Ni-PGE targets totalling 3,633 ha and located about 17 km northeast of their larger 10,421 hectare Seagull Lake Cu-Ni-PGE Project (see Company news release February 21, 2020). The two new targets, located approximately 85 km northeast of the port city of Thunder Bay, are about 55 to 65 km east of Impala Canada’s Lac des Iles Mine (previously North American Palladium) and about 40 to 45 km north-northeast of the copper (Cu), nickel (Ni), and platinum group element (PGE) discoveries of Rio Tinto and Panoramic Resources.
Thunder Bay, Ontario, February 21, 2020: White Metal Resources Corp. (TSXV:WHM) (“White Metal” or the “Company”) is pleased to announce that it has signed a letter of intent (“LOI”) with Quadro Resources Ltd. (“QRO”) in regards to the Seagull Lake Platinum-Palladium Project (the “Project” or the “Property”). The Project, which covers 7,539 ha, is about a one hour drive north of the port city of Thunder Bay, is located about 50 km south of Impala Canada’s Lac des Iles Mine (previously North American Palladium), and is about 28 km north of the copper (Cu), nickel (Ni), and platinum group element (PGE) discoveries of Rio Tinto and Panoramic Resources.
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8/17/2020