Metallic Minerals Corp. (TSX-V: MMG | OTCQB: MMNGF | FSE:9MM1 ) is a growth stage critical minerals company focused on the exploration and development of copper (Cu), silver (Ag), gold (Au), platinum (Pt), palladium (Pd), lead (Pb) and zinc (Zn), and rare earth materials within underexplored districts proven to produce top-tier assets.
Our objective is to create value through a disciplined, systematic approach to exploration, reducing investment risk and maximizing probability of long-term success. The Company is led by a team with a track record of discovery and exploration success, including large-scale development, permitting and project financing.
Metallic Minerals is focused on high-quality critical minerals projects and royalties that combine near-term value with long-term growth potential. Our portfolio includes two flagship assets and a suite of alluvial royalties that position us in some of North America’s most historic and productive mining regions.
La Plata Project – Colorado, USA: A large-scale, road-accessible copper-silver-PGE-gold system in the historic La Plata mining district. This project combines high-grade epithermal veins with a broader alkalic porphyry system, offering both scale and high-grade potential.
Keno Silver – Yukon, CA: One of the highest-grade silver districts in the world, featuring accessible, high-purity silver deposits in a historic mining jurisdiction.
Klondike Alluvial Royalties – Yukon, CA: Generating near-term cash flow through royalties on active placer operations in proven alluvial gold and silver regions, providing strong upside with minimal risk.
In January 20261, Metallic Minerals Corp. (TSX.V: MMG; OTCQB: MMNGF; FSE: 9MM1) announced an updated NI 43-101 Mineral Resource Estimate (“2026 MRE”) for the Allard deposit within its La Plata Project in southwestern Colorado.
The 2026 MRE expands the Inferred Resource tonnage by 23% and, for the first time, incorporates platinum, palladium, and gold, supported by an additional 4,530 metres of diamond drilling since the 2023 resource.
The updated resource totals 181.4 million tonnes (Mt) at an average grade of 0.36% copper equivalent (CuEq) (0.33% Cu and 2.9 g/t Ag), containing 1.31 billion pounds of copper and 17.0 million ounces of silver, or 1.46 billion pounds CuEq, constrained within a block-cave-optimized underground mining shape. A 45.4 Mt subset includes 91,000 oz Pt, 121,000 oz Pd, and 60,000 oz Au, totaling 272,000 oz PGE+Au at 0.18 g/t PGE+Au (0.06 g/t Pt, 0.08 g/t Pd, 0.04 g/t Au).
In February 2023, Metallic Hole LAP22-04, drilled to the north of the resource area, intercepted the longest and highest-grade interval ever encountered at La Plata at 816 m of 0.41% Recovered Copper Equivalent (“CuEq”)2
In May 2023, Metallic Minerals completed a 9.5% strategic equity investment by Newcrest, (acquired by Newmont - NYSE:NEM), supporting advancement of the Company’s La Plata Project, located in the high-grade La Plata district of the prolific Colorado Mineral Belt.
Explore our La Plata Project Virtual Tour Here!
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.
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