Metallic Minerals Corp

Metallic Minerals Corp is a mining company focusing on copper, silver, gold, and critical minerals in Colorado's La Plata mining district and the high-grade Keno Hill and Klondike districts of the Yukon. The company's strategy involves making exploration discoveries, growing resources, and advancing projects toward development to create shareholder value. In May 2023, the Company announced a 9.5% strategic investment by Newcrest Mining Limited (acquired by Newmont Mining in 2023). The La Plata project in southwestern Colorado hosts a significant porphyry copper-silver resource containing 1.21 Blbs copper and 17.6 Moz of silver, with 2022 expansion drilling providing the basis for the current resource estimate. Additionally, in Canada’s Yukon Territory, Metallic Minerals has consolidated the second-largest land position in the historic Keno Hill silver district, adjacent to Hecla Mining Company’s operations. The Company is also one of the largest holders of alluvial gold claims in the Yukon and is building a production royalty business by partnering with experienced mining operators, including Parker Schnabel of Little Flake Mining from the Discovery Channel television show, Gold Rush. Metallic Minerals Corp, founded in 2016, recently received a $2.00M Post-IPO Equity investment on 20 June 2024. With its significant resource holdings and strategic investments, it presents an interesting opportunity for investors seeking exposure to the mining industry.