Fireweed Zinc closes first tranche of private placement, raising $11M
The proceeds from the placement will be used for exploration and development of Fireweed Zinc's Macmillan Pass Project in Yukon, Canada, and for general working capital purposes
Company
Fireweed Metals Corp
CVE:FWZ
Fireweed Metals Corp is a Canadian mining exploration and development company focused on developing critical metals mines. Currently, Fireweed is advancing the Macmillan Pass Project which is host to the Tom, Jason, Boundary Zone & End Zone zinc-lead-silver deposits. Located in the Yukon Territory, Canada, the property is accessible via gravel road and by air via the Macmillan Pass Airstrip located on the property. Management’s vision is to create value for our shareholders by building Fireweed into a leading critical metals mine development company through the advancement and development of multiple projects including the Macmillan Pass Project. The company has an exceptional veteran management team with a strong track record of successful exploration, development, financing and operation.
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Fireweed Zinc says previously announced private placement has been increased after being substantially oversubscribed due to strong investor interest
Fireweed CEO Brandon Macdonald said: "This is a big year for us, and I'm thankful for the runway to execute our plan to carry us through to a game-changing resource update and PEA"
Fireweed Zinc announces a non-brokered private placement for gross proceeds of up to C$ $9.68 million
The company said the offering will provide it with capital to expand the 2022 work program on the Macmillan Pass Project, Yukon, Canada, and deliver upcoming resource updates and a Preliminary Economic Assessment without further capital rai
Fireweed Zinc provides new diamond drilling results from last two holes at Boundary West in Yukon
Step-out hole NB21-009 intersected 14% zinc, 0.2% lead, and 57 grams per ton (g/t) silver over 3.05 metres, while hole NB21-010 extends mineralization to a strike length of over 400 metres
Fireweed Zinc hits high grades with one hole at Tom East zone at Macmillan Pass project
The hole hit 10.41% zinc, 11.58% lead, and149.9 grams per ton (g/t) silver over a width of 7.99 metres (m) (true width 2.46m) starting from a depth of 145.21m
Fireweed Zinc closes substantially over-subscribed non-brokered private placement for total gross proceeds of C$5,178,400
Fireweed CEO Brandon Macdonald said: “Thanks to strong investor demand we are able to close this financing on proceeds 45% higher than what we opened on despite challenging market conditions"
Fireweed Zinc increases size of previously announced non-brokered private placement to $4.9 million due to strong investor interest
The proceeds from the offering will be used for exploration and development of Fireweed Zinc’s Macmillan Pass Project in Yukon, Canada
Fireweed Zinc shares begin trading on the OTCQB in the US
The company said the OTCQB listing will help introduce it to a wider audience in the US and improve overall liquidity
Fireweed Zinc Ltd announces non-brokered private placement for gross proceeds of up to C$3.60 million
The proceeds from the offering will be used for exploration and development of the company’s Macmillan Pass Project in Yukon, Canada; and specifically, will be used to incur Canadian Exploration Expenses
Fireweed Zinc announces results from its 2021 drilling program at Boundary West, Yukon
Results from these step-out holes continue to show that Boundary West is growing and expanding the known extent of the high-grade laminated zones
Fireweed Zinc promotes Cindy Chiang to role of chief financial officer
A chartered professional accountant (CPA), Chiang has been the financial controller for Fireweed since May this year
Fireweed Zinc reveals new intersections from Boundary Zone at its Macmillan Pass project including new copper-rich mineralization
Highlights from the results include a new, copper-rich style of mineralization grading 1.54% copper, 5.42% zinc, 0.04% lead and 5.6 grams per ton silver over 2 metres
Fireweed Zinc hits three distinct high-grade zinc zones in one hole at Boundary West, Yukon
The diamond drill hole hit high-grade laminated stratiform mineralization similar in style to the Tom and Jason deposits
Fireweed Zinc applies for trading on the OTCQB market and Depository Trust Company eligibility in the US
It said the new listing will assist existing US shareholders who have purchased its shares through the OTC Grey Market as it will address new requirements of pending SEC rules for trading in the US while also enhancing liquidity
Fireweed Zinc announces positive results from the first drill hole at Boundary West for the 2021 Macmillan Pass zinc-lead-silver project drill program
The first hole of the season, NB21-001 at Boundary Zone West, intersected 46.96 metres (m) of 7.71% zinc, 0.70% lead, and 32.1 grams per ton (g/t) silver
Fireweed Zinc intersects significant mineralization at the Boundary Zone West area of its Macmillan Pass project
Initial holes drilled at Boundary West confirmed the presence of mineralization both along strike and down dip from a 2020 discovery of 4.22% zinc, 0.34% lead and 25.6 grams per ton silver over 76.5 metres
Fireweed Zinc begins summer drill program at Macmillan Pass targeting zone identified last season
Two diamond drill rigs are currently operational, and will focus on the Boundary Zone
Fireweed Zinc closes $4.5M private placement to fund Macmillan Pass project exploration in Yukon
The financing consisted of more than 5 million flow-through common shares at a price of C$0.90 per share
Fireweed Zinc set to raise up to C$3.6M in placing to advance Yukon project
Macmillan is a district-scale 940 sq km property, which hosts the Tom, Jason, Boundary Zone, and End Zone zinc-lead-silver deposits
Fireweed Zinc poised for borehole muon tomography survey this summer at Macmillan Pass zinc project
The company is partnering with Ideon Technologies, which developed the technology and is a pioneer in the space