oil9911
4 years ago
Curious to see if anyone else is watching this one. Seems to me that these guys are sitting on a pretty significant EV battery-metals play that, thus far, is flying under the radar. And it’s real, unlike most of the pink, otc stuff you see. Maybe that’s the problem, not suitable for day trading. Anyhow, I’ve taken a fairly large position and I’m willing to wait. Don’t see much downside, and, based on Sibanye/Stillwater’s value, it could very well 10x from here.
conix
4 years ago
Group Ten Metals Announces Upsizing of Private Placement Financing to $4.5 Million
July 10, 2020
Group Ten Metals Inc. (“Group Ten” or the “Company”) (TSX.V:PGE; OTCQB:PGEZF; FSE:5D32) is pleased to announce an increase to the size of the previously announced non-brokered private placement. The Company will raise up to $4,500,000 in aggregate gross proceeds via the issuance of up to 22,500,000 units. All other terms remain unchanged from the previous announcement on June 26, 2020. Closing of the offering is expected on or about July 15, 2020, and the issuance of units per the placement is subject to the approval of the TSX Venture Exchange.
Net proceeds from the offering will be used for exploration at the Company’s Stillwater West PGE-Ni-Cu project in Montana, USA, and for general working capital purposes.
President and CEO Michael Rowley stated, “We are very pleased to see such strong investment demand, with the oversubscribed private placement reflecting the unique opportunity presented by the Company’s 100% owned Stillwater West project. The additional funding will enable an expanded field program at Stillwater West where we have identified a large-scale mineralized system in the lower Stillwater Complex with results that are comparable to the style of mineralization found in the Platreef of South Africa’s Bushveld Complex, host to some of the world’s largest nickel-copper sulphide hosted PGE mines. We will also continue to advance high-grade gold targets, as summarized in recent news releases, with this year’s field program.”
“Geological mapping and sampling programs have been underway for several weeks on early stage targets, and we are now preparing for our second phase program. Phase two will include Induced Polarization (IP) geophysical surveys over the most advanced target areas to support step out expansion drilling in phase three. We are fully permitted for our program and look forward to providing additional updates from the exploration and 3D modelling programs that are now underway.”
2020 Field Exploration Webinar
Group Ten will be hosting a webinar on July 22nd, 2020, at 8:30am PST during which President & CEO, Michael Rowley, will provide an overview of the Company’s exploration plans at the Stillwater West PGE-Ni-Cu project, followed by a Q&A. To register, click here.
Option Grant
Group Ten announces it has granted 1,445,000 incentive stock options (the “Options”) to Directors, Officers, employees and consultants of the Company. The Options are exercisable for up to five years, expiring on July 10, 2025, and each Option will allow the holder to purchase one common share of the Company at a price of $0.215 per share. Options are subject to certain vesting requirements in accordance with the Company’s Long-Term Performance Incentive Plan.
About Group Ten Metals Inc.
Group Ten Metals Inc. is a TSX-V-listed Canadian mineral exploration company focused on the development of high-quality platinum, palladium, nickel, copper, cobalt and gold exploration assets in top North American mining jurisdictions. The Company's core asset is the Stillwater West PGE-Ni-Cu project adjacent to Sibanye-Stillwater's high-grade PGE mines in Montana, USA. Group Ten also holds the high-grade Black Lake-Drayton Gold project in the Rainy River district of northwest Ontario and the Kluane PGE-Ni-Cu project on trend with Nickel Creek Platinum‘s Wellgreen deposit in Canada‘s Yukon Territo
conix
5 years ago
Group Ten Metals Announces Warrant Exercises for Gross Proceeds of $2.38 Million
March 3, 2020
Vancouver, B.C., Group Ten Metals Inc. (TSX.V: PGE; US OTC: PGEZF; FSE: 5D32) (the “Company” or “Group Ten”) is pleased to announce that it has received total gross proceeds of $2.38 million, since January 1, 2020, from the exercise of the remaining warrants from its February 27, 2017 financing. Directors, management, and employees of the Company exercised 100% of their warrants, contributing $1.1 million to the proceeds and resulting in a more than 24% ownership in Group Ten on a current issued and outstanding share basis.
Proceeds from exercise of these warrants have, and will be, directed to Group Ten Metals’ exploration programs and general corporate purposes.
President & CEO, Michael Rowley, stated, “We very much appreciate the strong, ongoing support from our long-term shareholders who, with these warrant exercises, have demonstrated clear recognition of the potential of our high-quality assets and world-class teams. The Company is now well-positioned for growth with a healthy balance sheet and 100% interest in a portfolio of high-potential, district-scale exploration properties in proven mining districts which were acquired strategically through the low part of the metal price cycle. We look forward to further news releases in the coming weeks as we continue to release results from our 2019 programs and announce our plans for the year ahead, in particular with respect to our flagship Stillwater West PGE-Ni-Cu project in Montana, USA.”
Upcoming News and Events
A news release presenting assay results from 2019 exploration work at Chrome Mountain is anticipated soon, along with rhodium assays from select core and rock samples from across the property. Results from other work in 2019, plus also updates on the Company’s Yukon PGE-Ni-Cu and Ontario gold projects, will also be featured in forthcoming releases.
Group Ten is attending the 2020 Prospectors and Developers Association Convention (PDAC) in Toronto from March 1st to 4th, based at Booth 3024 with fellow Metallic Group companies, Metallic Minerals Corp. and Granite Creek Copper.
About Stillwater West
The Stillwater West PGE-Ni-Cu project positions Group Ten as the second largest landholder in the Stillwater Complex, adjoining and adjacent to Sibanye-Stillwater’s Stillwater, East Boulder, and Blitz platinum group elements (“PGE”) mines in south central Montana, USA1. The Stillwater Complex is recognized as one of the top regions in the world for PGE-Ni-Cu mineralization, alongside the Bushveld Complex and Great Dyke in southern Africa, which are similar layered intrusions. The J-M Reef, and other PGE-enriched sulphide horizons in the Stillwater Complex, share many similarities with the highly prolific Merensky and UG2 Reefs in the Bushveld Complex, while the lower part of the Stillwater Complex also shows the potential for much larger scale disseminated and high-sulphide PGE-Ni-Cu deposits, possibly similar to Platreef in the Bushveld Complex2. Group Ten’s Stillwater West property covers the lower part of the Stillwater Complex along with the Picket Pin PGE Reef-type deposit in the upper portion, and includes extensive historic data, including soil and rock geochemistry, geophysical surveys, geologic mapping, and historic drilling.
About Group Ten Metals Inc.
Group Ten Metals Inc. is a growth stage mineral exploration company focused on the development of high-quality platinum, palladium, nickel, copper, cobalt and gold exploration assets in North American brownfields mining districts. The Company’s core asset is the Stillwater West PGE-Ni-Cu project adjacent to Sibanye-Stillwater’s high-grade PGE mines in Montana, USA. Group Ten also holds the high-grade Black Lake-Drayton Gold project in the Rainy River district of northwest Ontario and the Kluane PGE-Ni-Cu project on trend with Nickel Creek Platinum‘s Wellgreen deposit in Canada‘s Yukon Territory.
About the Metallic Group of Companies
Metallic Group is a collaboration of leading precious and base metals exploration companies, with a portfolio of large, brownfields assets in established mining districts adjacent to some of the industry’s highest-grade producers of silver and gold, platinum and palladium, and copper. Member companies include Metallic Minerals in the Yukon’s high-grade Keno Hill silver district and La Plata silver-gold-copper district of Colorado, Group Ten Metals in the Stillwater PGM-nickel-copper district of Montana, and Granite Creek Copper in the Yukon’s Minto copper district. The founders and team members of the Metallic Group include highly successful explorationists formerly with some of the industry’s leading explorer/developers and major producers. With this expertise, the companies are undertaking a systematic approach to exploration using new models and technologies to facilitate discoveries in these proven, but under-explored, mining districts. The Metallic Group is headquartered in Vancouver, BC, Canada and its member companies are listed on the Toronto Venture, US OTC, and Frankfurt stock exchanges.
conix
5 years ago
Group Ten Drills 399 Meters of Continuous Palladium, Platinum, Gold, Nickel, Copper and Cobalt Mineralization from Surface in the Camp Target Area at Stillwater West
January 21, 2020
January 21, 2020 – Vancouver, BC - Group Ten Metals Inc. (TSX.V: PGE; US OTC: PGEZF; FSE: 5D32) (the “Company” or “Group Ten”) is pleased to announce 2019 drill results from the Camp target area of the Company’s flagship Stillwater West PGE-Ni-Cu project in Montana, USA.
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