Group Ten Metals – A Focus on the 10,000 meter drill program at Stillwater West and recent rhodium results
Michael Rowley, President and CEO of Group Ten Metals Inc (TSXV: PGE – OTCQB: PGEZF) joins us to detail how the gross proceeds are to be used from the $6,000,000 brokered private place, announced June 1st. The near term focus will be on exploration at the Company’s flagship Stillwater West PGE-Ni-Cu-Co + Au project in Montana, USA. The upcoming 10,000 meter step-out drill program will be focused primarily on 3 of the most advanced targets – the Chrome Mountain, Camp, and HGR/Iron Mountain Target areas.
The Company is also reviewing options at its secondary projects, the high-grade Black Lake-Drayton Gold project, adjacent to Treasury Metals’ development-stage Goliath Gold Complex in northwest Ontario, and the Kluane PGE-Ni-Cu-Co project on trend with Nickel Creek Platinum’s Wellgreen deposit in Canada’s Yukon Territory.
If you have any follow up questions for the team at Group Ten Metals, please email us at Fleck@kereport.com or Shad@kerport.com.
Click here for a summary of the recent news out of Group Ten Metals.
Nice to see Group Ten biggie-size their capital raise to get the drills turning at Stillwater West, and with this being the largest drill campaign to date, providing that they keep hitting the Platinum, Palladium, Rhodium, Nickel, Copper, Cobalt, and Gold in their 3 main targets, then it should get more eyeballs back on the story again.
Also I’m interested to see how things progress with doing some kind of deal at their other 2 projects Black Lake-Drayton (adjacent to Treasury Metals) and Kluane (adjacent to Nickel Creek Platinum). Greg Johnson, at the helm of the Metallic Group of companies, that Group Ten is part of, used to be CEO of that Nickel Creek project back when it was called Wellgreen Platinum, so they are aware of the district scale potential in that area.
NIOBF and UCLE have 10 bagger potential IMO. Anyone else in these?
I’m not in Niocorp, but am in a related Mark Smith company, Ibc Advanced Alloys Corp. They are more downstream doing metallurgical castings, processing and manufacturing with specialty alloys, and they have agreement with Niocorp to work with their scandium. I could see both companies being rolled into one larger entity in 1-2 years.
I’m an investor and watch all the news and tweets released by the company, but did not see any news about this $6M raise – where can I find a news report about this?
http://www.ceo.ca. Group Ten. If you go to that site it has the release, other news and a lot of discussions. Site is dedicated to Group Ten.
Good point David. Ceo has about the best news scraping from all the wire services that I’ve seen.
(PGE) (PGEZF) Group Ten Metals Announces Upsize of Brokered Private Placement Led by Canaccord Genuity and Research Capital to C$6.0 Million
by @newswire on 1 Jun 2021
https://ceo.ca/@newswire/group-ten-metals-announces-upsize-of-brokered-private
Thanks for the posts. That gives him the release on financing.
Thanks Cory for the update. Hope they keep the news flowing on a regular basis as the price seems to work its way down between releases. Sounds like they have a lot of news that could be coming out frequently.