Arizona Metals is a Canadian company founded in 2017, specializing in precious and base metal exploration and development. The company holds 100% ownership of the Kay Mine Property in Yavapai County, Arizona, encompassing 1,300 acres. This property boasts an impressive historical estimate by Exxon Minerals in 1982, reporting a "proven and probable reserve of 6.4 million short tons at a grade of 2.2% copper, 2.8g/t gold, 3.03% zinc, and 55g/t silver." The Kay Mine is a steeply dipping VMS deposit open for expansion on strike and at depth. Furthermore, Arizona Metals also possesses 100% ownership of the Sugarloaf Peak Property in La Paz County, covering 4,400 acres of BLM claims. The company's latest $49.83M Post-IPO Equity investment at 01 November 2021 indicates strong investor interest in their projects. Although the historic estimates at both properties have not been verified as current mineral resources, Arizona Metals is actively working with a Qualified Person to assess and classify them accurately. The technical disclosure in this release is approved by David Smith, P.Geo.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Post-IPO Equity | $49.83M | - | 01 Nov 2021 | |
Post-IPO Equity | $21.00M | - | 01 Apr 2021 |
No recent news or press coverage available for Arizona Metals .