Metallic Minerals Corp. (TSX.V:MMG) (US OTC:MMNGF)
and Group Ten Metals Inc. (TSX.V:PGE) (US
OTC:PGEZF) are pleased to announce the formation of the Metallic
Group of Companies (the “Metallic Group”), a collaboration of two
leading precious and base metals exploration companies with a
portfolio of highly prospective assets in North America. By
leveraging the combined decades of experience of its founders in
mineral exploration, finance, capital markets, permitting and
community relations, the Metallic Group sees an opportunity to
maximize shareholder value for member companies. The Metallic Group
also benefits by sharing resources for cost efficiency and
providing access to specialized technical expertise and experienced
corporate governance and management teams.
The Metallic Group currently comprises two
member companies: Metallic Minerals Corp., focused on high-grade
silver, gold, lead and zinc in Canada’s Yukon Territory; and Group
Ten Metals Inc., focused on platinum group metals, gold, nickel,
copper and cobalt in the Western USA and Canada. A copper-focused
explorer is expected to be launched later in 2018.
Shared approaches to business for Metallic Group
companies include:
- Exploration projects in politically stable districts with the
potential to produce top-tier mining assets;
- Highly experienced management teams and boards with track
records of exploration and project development success; and
- A core commitment to environmental stewardship and community
engagement.
Greg Johnson, Chairman of the Metallic Group,
commented, “We are pleased to be able to facilitate a greater
degree of collaboration between our two Metallic Group companies
for the benefit of shareholders. We see the opportunity to realize
operational cost reductions through shared efficiencies while also
being able to maximize the value of the diverse experience and
expertise of our seasoned management and exploration teams to drive
new discoveries and deliver growth for both of these exciting
companies. Our objective is to create value through a disciplined,
systematic approach to exploration, reducing investment risk and
maximizing probability of long-term success.”
The Metallic Group’s first collaborative event
will be the 2018 Prospectors and Developers Association Convention
(PDAC) in Toronto March 4-7. The member companies, Metallic
Minerals and Group Ten Metals, can be visited at Booth #3018.
More information can be found on our website at
www.metallicgroup.ca.
About Metallic Minerals
Corp.
Metallic Minerals Corp. is a growth-stage
exploration company focused on the acquisition and development of
high-grade silver and gold in the Yukon within under-explored
districts with potential to produce top-tier assets. Our core Keno
Silver Project is located in the historic Keno Hill Silver District
of Canada's Yukon Territory, a region which has produced over 200
million ounces of silver and currently hosts one of the world’s
highest-grade silver resources. The Company’s McKay Hill Project,
northeast of Keno Hill, is a high-grade historic silver-gold
producer. Metallic Minerals is also building a portfolio of gold
royalties in the historic Klondike Gold District.
About Group Ten Metals Inc.
Group Ten Metals Inc. is a growth-stage
exploration company focused on the acquisition and development of
high-quality platinum, palladium, nickel, copper and gold
exploration assets in North America. The Company’s holdings include
the Stillwater West PGE-Ni-Cu project adjacent to
Sibanye-Stillwater’s Pd-Pt mines in Montana, which hosts the
world’s highest-grade platinum and palladium resources, the Kluane
Ni-Cu-PGE project adjacent to Nickel Creek Platinum‘s Wellgreen
deposit in the Yukon Territory, and the Black Lake-Drayton gold
project in the Rainy River district of northwest Ontario.
About the Metallic Group
The Metallic Group is a collaboration of leading
precious and base metals exploration companies, with a portfolio of
highly prospective assets in North America providing investors
leverage to metals prices and exposure to new discoveries. Metallic
Group companies evaluate and acquire assets meeting key criteria
with respect to commodity, jurisdiction, infrastructure and
exploration potential. The Metallic Group has highly experienced
management and technical teams with expertise across the spectrum
of resource exploration and project development from initial
discovery to feasibility stage, including strong project finance
and capital markets experience and a commitment to community
engagement and environmental best practices. Metallic Group
professional backgrounds include leadership positions with some of
the leading large and mid-size producer/developer/explorers
including Barrick Gold, NovaGold, NovaCopper, Wellgreen Platinum
and Northern Freegold with track records of success in exploration,
development, permitting capital markets, M&A and corporate
finance.
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.
FOR
FURTHER INFORMATION, PLEASE CONTACT: |
Website:
www.metallicgroup.ca |
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Metallic
Minerals Corp. |
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Greg Johnson, CEO and
Chairman |
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Email:
info@metallic-minerals.com |
|
Phone:
1-604-629-7800 |
Web:
www.metallic-minerals.com |
|
Toll Free:
1-888-570-4420 |
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Group Ten
Metals Inc. |
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Michael Rowley,
President, CEO & Director |
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Email:
info@grouptenmetals.com |
|
Phone:
1-604-357-4790 |
Web:
http://grouptenmetals.com |
|
Toll Free:
1-888-432-0075 |
Forward-Looking Statements
Forward Looking Statements: This news release
includes certain statements that may be deemed "forward-looking
statements". All statements in this release, other than statements
of historical facts including, without limitation, statements
regarding potential mineralization, historic production, estimation
of mineral resources, the realization of mineral resource
estimates, interpretation of prior exploration and potential
exploration results, the timing and success of exploration
activities generally, the timing and results of future resource
estimates, permitting time lines, metal prices and currency
exchange rates, availability of capital, government regulation of
exploration operations, environmental risks, reclamation, title,
and future plans and objectives of the company are forward-looking
statements that involve various risks and uncertainties. Although
Metallic Minerals and Group Ten Metals believe the expectations
expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in the forward-looking statements.
Forward-looking statements are based on a number of material
factors and assumptions. Factors that could cause actual
results to differ materially from those in forward-looking
statements include failure to obtain necessary approvals,
unsuccessful exploration results, changes in project parameters as
plans continue to be refined, results of future resource estimates,
future metal prices, availability of capital and financing on
acceptable terms, general economic, market or business conditions,
risks associated with regulatory changes, defects in title,
availability of personnel, materials and equipment on a timely
basis, accidents or equipment breakdowns, uninsured risks, delays
in receiving government approvals, unanticipated environmental
impacts on operations and costs to remedy same, and other
exploration or other risks detailed herein and from time to time in
the filings made by the companies with securities regulators.
Readers are cautioned that mineral resources that are not mineral
reserves do not have demonstrated economic viability. Mineral
exploration and development of mines is an inherently risky
business. Accordingly, the actual events may differ materially from
those projected in the forward-looking statements. For more
information on Metallic Minerals and Group Ten Metals and the risks
and challenges of their businesses, investors should review their
annual filings that are available at www.sedar.com.
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.
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