Metallic Minerals Corp. (TSX.V: MMG | OTCQB: MMNGF | FSE: 9MM1) is an exploration company advancing potential copper, silver, gold and critical minerals projects in established mining jurisdictions across the United States and Canada.
With strategic investments from global mining company Newmont Corporation (NYSE: NEM) and well-recognized mining investor Eric Sprott, Metallic Minerals is focused on expanding mineral resources, advancing new discoveries and unlocking value through its portfolio of critical minerals projects and gold production royalties.
A large-scale copper-silver porphyry system hosting an inferred mineral resource of 181.4 million tonnes grading 0.36% CuEq, containing approximately 1.31 billion pounds of copper and 17.0 million ounces of silver, plus an estimated 272,000 ounces of platinum, palladium and gold within a 45.4-million-tonne subset of the resource. With 16 identified potential porphyry centres, significant precious metals exploration upside and potential critical mineral by-products including hafnium, zirconium, scandium and other specialty metals, La Plata offers substantial opportunities for new discoveries and resource expansion.
Our Keno Silver project is in the historic Keno Hill Silver District of Canada's Yukon Territory, a region which has produced over 200 Moz of Ag3 and currently hosts one of the world’s highest-grade Ag resources. An inaugural Inferred Mineral Resource Estimate was announced in February 2024 totaling 18.2 Moz AgEq grading 223.0 g/t AgEq (120.0 g/t Ag, 0.10 g/t Au, 0.80% Pb and 1.77% Zn).4 The property adjoins Hecla Mining's (NYSE: HL) high-grade Keno Hill mines. As the largest primary Ag producer in the US and third largest in the world, Hecla’s organizational strength, strong balance sheet and expertise in underground mining will allow for continued buildout of Keno Hill and will underpin value for significant investment in exploration across the district.
Metallic Minerals is also one of the largest owners of alluvial gold mining claims in the Yukon Territory and we are building a portfolio of Au royalties in the historic Klondike Gold District. The company has realized royalty revenue from alluvial Au production in 2023 and 2024 and is seeking new operators for its significant additional claim holdings with royalty revenue expected to increase in 2025.
Metallic Minerals is collaborating with leading research institutions, including Columbia University and the Colorado School of Mines, on innovative metallurgical and mineral exploration technologies. These initiatives complement ongoing exploration programs and support the Company's strategy of advancing domestic critical minerals resources.
With established mineral resources, significant exploration upside and strategic industry partnerships, Metallic Minerals is advancing multiple opportunities for resource expansion, new discoveries and long-term shareholder value.
Footnotes:
