Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce that it has closed the acquisition of the Hickman project (the “Hickman Project”) from Golden Ridge Resources Ltd. (“Golden Ridge”) (the “Transaction”), which was previously announced on February 6, 2025.
Under the terms of the definitive agreement, the Company issued 256,410 common shares in the capital of Kingfisher to Golden Ridge and granted a 2% net smelter return royalty (the “NSR”) to Golden Ridge. The Company will have the right to buy back 1% of the NSR for C$5,000,000 at any time. The NSR covers the entirety of the Hickman Project except for the portion of the mineral claims that fall within a 1 km radius of the HWY 37 Project. The excluded portion of the mineral claims are covered under the net smelter return royalty agreement that pertains to the Company’s Ball Creek West (BAM) project.
The Hickman Project is comprised of two claims totalling 3,008 hectares and is located immediately west and contiguous with Kingfisher’s HWY 37 Project in Northwest British Columbia within the Golden Triangle.
The Hickman Project is highly prospective for Cu-Au porphyry systems and hosts an undrilled copper-gold geochemical anomaly at the Hickman Target that includes recent (2019) rock sampling results of up to 5.3% Cu and 0.28 g/t Au. This accretive acquisition secures the full extent of the open-ended Hickman Target that spans 5 km and is located 6 km away from the Schaft Creek deposit. The Transaction will bring the consolidated HWY 37 Project to 849 km2.
Qualified Person
Dustin Perry, P.Geo., Kingfisher’s CEO, is the Company’s Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has prepared the technical information presented in this release.
About Kingfisher Metals Corp.
Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on copper-gold exploration in the Golden Triangle, British Columbia. The Company has quickly consolidated one of the largest land positions in the region at the contiguous 849 km2 HWY 37 Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km2. The Company currently has 56,455,144 shares outstanding.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property. This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce that it has entered into a definitive agreement dated February 5, 2025 (the “Agreement”), to acquire the Hickman project (the “Hickman Project”) from Golden Ridge Resources Ltd. (“Golden Ridge”) (the “Transaction”).
Overview
The Hickman Project is comprised of two claims totalling 3,008 hectares and is located immediately west and contiguous with Kingfisher’s HWY 37 Project in Northwest British Columbia within the Golden Triangle.
The Hickman Project is highly prospective for Cu-Au porphyry systems and hosts an undrilled copper-gold geochemical anomaly at the Hickman Target that includes recent (2019) rock sampling results of up to 5.3% Cu and 0.28 g/t Au. This accretive acquisition secures the full extent of the open-ended Hickman Target that spans 5 km and is located 6 km away from the Schaft Creek deposit. The Transaction will bring the consolidated HWY 37 Project to 849 km2.
Figure 1: HWY 37 Project and Contiguous Hickman Project
Figure 2: Hickman Grassroots Target
Transaction Details
Under the terms of the Agreement, the Company will issue common shares to Golden Ridge with an aggregate value of C$50,000 priced at C$0.195 per share, and the Company will grant a 2% net smelter return royalty (the “NSR”) to Golden Ridge. The Company will have the right to buy back 1% of the NSR for C$5,000,000 at any time. The NSR covers the entirety of the Hickman Project except for the portion of the mineral claims that fall within a 1 km radius of the HWY 37 Project. The excluded portion of the mineral claims are covered under the net smelter return royalty agreement that pertains to the Company’s Ball Creek West (BAM) project. The Transaction remains subject to the approval of the TSX Venture Exchange.
Qualified Person
Dustin Perry, P.Geo., Kingfisher’s CEO, is the Company’s Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has prepared the technical information presented in this release.
About Kingfisher Metals Corp.
Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on copper-gold exploration in the Golden Triangle, British Columbia. The Company has quickly consolidated one of the largest land positions in the region at the contiguous 819 km2 HWY 37 Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km2. The Company currently has 56,198,734 shares outstanding.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property. This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce that it has closed the acquisition of the Ball Creek West project (the “BAM Project”) from P2 Gold Inc. (“P2 Gold”) (the “Transaction”), which was previously announced on December 5, 2024. Under the terms of the definitive agreement, the Company issued 1,515,151 common shares in the capital of Kingfisher to P2 Gold and paid C$950,000 in cash to P2 Gold in exchange for the transfer of the BAM Project claims on closing of the Transaction.
The BAM Project is comprised of 54 claims totalling 18,893 hectares and is located immediately west and contiguous with Kingfisher’s HWY 37 Project, in Northwest British Columbia within the Golden Triangle. The BAM Project is highly prospective for Cu-Au porphyry systems with three grassroots, large-scale target areas: Northmore, Mess Creek, and Hickman. The Transaction will bring the Company’s consolidated HWY 37 Project to 819 km2 making it the largest contiguous project held by a non-producing company in the Golden Triangle.
In addition, the BAM Project is subject to underlying royalty agreements over the project that includes a 1% net smelter return to be retained by Evrim Exploration Canada Corp., a subsidiary of Orogen Royalties Inc. (“Orogen”), and a 2% net smelter return to be retained by Sandstorm Gold Ltd. (“Sandstorm”), as well as a provision for Orogen to buy down 1% of the Sandstorm net smelter return for C$1,000,000 and the right to up to C$4,100,000 in milestone payments.
Consolidation of the Golden Triangle
The Golden Triangle is the most endowed region in Canada for large Cu-Au porphyry systems where neighbouring major miners Teck and Newmont hold Red Chris, Galore Creek, and Schaft Creek
Kingfisher entered the Golden Triangle in 2023 and has rapidly consolidated the largest contiguous non-producer held project in the region with 819 km2
The addition of three large-scale porphyry Cu-Au targets furthers the strategy of positioning Kingfisher as the premier Cu-Au explorer in the region
New tenure addition of 189 km2 is fully assessed with no holding costs until 2032
Qualified Person
Dustin Perry, P.Geo., Kingfisher’s CEO, is the Company’s Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has prepared the technical information presented in this release.
About Kingfisher Metals Corp.
Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on copper-gold exploration in the Golden Triangle, British Columbia. The Company has quickly consolidated one of the largest land positions in the region at the contiguous 819 km2 HWY 37 Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km2. The Company currently has 56,198,734 shares outstanding.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property. This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce the appointment of Tyler Caswell as Vice President of Exploration. Mr. Caswell has a wealth of porphyry Cu-Au experience throughout British Columbia and South America and recently held the same title at NorthWest Copper.
Mr. Caswell is a registered professional geologist with over 20 years of experience in mineral exploration, having worked in Peru, Chile, Argentina, Laos, Nunavut, the Yukon, and northern British Columbia. He has focused on exploring for base and precious metals. Most recently, Mr. Caswell served as Vice President of Exploration for NorthWest Copper, where he led discovery teams at the Stardust Project, achieving a drilling result of 2.51% copper, 3.03 g/t gold, and 52.5 g/t silver over 100.0 meters. He was also involved in the KwanikaProject, where they drilled 2.00% copper, 1.21 g/t gold, and 5.3 g/t silver over 235.45 meters. His experience encompasses both producers and junior mining companies, covering brownfield and greenfield exploration programs. He holds a B.Sc. (with distinction) from the University of Victoria.
The addition of Mr. Caswell enhances the operations and exploration management capabilities of the Company’s team. This strategic addition enables Gayle Febbo, the previous Vice President of Exploration, to assume a technical role as Chief Geologist, allowing Kingfisher to effectively manage one of the most significant tenure positions in the Golden Triangle while enabling Ms. Febbo to focus solely on geoscience and drill targeting.
“I have been trying to recruit Tyler to the Kingfisher team for several years due to his expertise in discovery-stage project management and our shared enthusiasm for the discovery process. Given the exciting recent developments in our Company, we were finally able to make this happen. Adding Tyler to the team will not only provide immediate benefits but also facilitate our continued growth as a company. I am equally excited that Gayle can now dedicate 100% of her time to drill targeting and evaluating the highly prospective 819 km² tenure package we have assembled. An exploration company is only as good as its people and projects, and this move aligns with the aggressive consolidation we have undertaken,” states Dustin Perry, CEO.
“I am excited to join Kingfisher’s leadership group and contribute to their highly skilled technical team in my new role as VP Exploration. Kingfisher has a highly prospective and extensive land position in the Golden Triangle, and the team is very motivated to make a major discovery,” stated Mr. Caswell. “Now is an exciting time for Kingfisher, it is a company poised for success as copper projects are at the heart of the Global Critical Metals effort.”
Stock option grant
Kingfisher also announces the grant of 1,850,000 stock options that are exercisable for a period of five years at a price of C$0.17 per share to its directors, officers, and various staff members.
About Kingfisher Metals Corp.
Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on copper-gold exploration in the Golden Triangle, British Columbia. The Company has quickly consolidated one of the largest land positions in the region at the contiguous 819 km2 HWY 37 Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km2. The Company currently has 54,683,583 shares outstanding.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,”“plans,”“anticipates,”“believes,”“intends,”“estimates,”“projects,”“potential” and similar expressions, or that events or conditions “will,”“would,”“may,”“could” or “should” occur.
Forward-looking statements in this news release include, among others, statements relating to expectations regarding the expected closing date of the Offering, and other statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: the Company may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions acceptable; compliance with extensive government regulation; domestic and foreign laws and regulations could adversely affect the Company’s business and results of operations; the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Company’s securities, regardless of its operating performance.
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce that further to its news releases dated December 10, 2024, December 17, 2024, and January 10, 2025, that due to demand the Company increased its previously announced non-brokered private placement (the “Offering”)and has closed the Offering through the issuance of11,482,030 units of the Company (the “Units”) at a price of C$0.165 per Unit for aggregate gross proceeds ofC$1,894,535.
Each Unit consists of one common share and one-half of one non-transferable common share purchase warrant. Each whole warrant will be exercisable to acquire one additional common share of the Company for 24 months from the closing date of the Offering at an exercise price of C$0.30.
In connection with the Offering, commissions on the sale of the Units were paid to eligible finders (the “Finders”) in accordance with the policies of the TSX Venture Exchange and applicable securities law. The Company paid a total cash commission of C$4,410 and issued 26,726 finder warrants (the “Finder Warrants”) to the Finders. Each Finder Warrant entitles the holder thereof to acquire one common share of the Company for 24 months from the closing date of the Offering at an exercise price of C$0.30.
All securities issued pursuant to the Offering, including common shares issuable upon the exercise of warrants or Finder Warrants, are and will be subject to a hold period of four months and one day after the date of closing of the Offering.
Multilateral Instrument 61-101 – Related Party Transaction
Dustin Perry, CEO, is an insider of the Company and participated in the Offering by purchasing 121,212 Units for an aggregate subscription price of C$20,000. DCJL Management Ltd. (“DCJL”) is an insider of the Company by virtue of David Loretto, a director, controlling DCJL. DCJL participated in the Offering by purchasing 30,303 Units for an aggregate subscription price of C$5,000. Alejandro Emiliano Gubbins Cox is an insider of the Company and participated in the Offering by purchasing 1,818,182 Units for an aggregate subscription price of C$300,000. Crescat Portfolio Management LLC is an insider of the Company and participated in the Offering by purchasing 606,060 Units for an aggregate subscription price of C$100,000. Also, an affiliate of Plethora Precious Metals Fund Management, StichtingDepositary Plethora Precious Metals Fund, participated in the Offering by purchasing 750,000 Units for an aggregate subscription price of C$123,750. Accordingly, the Offering constitutes a “related party transaction” for the Company within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval under MI 61-101 as the fair market value of each of the insider’s participation in the Offering does not exceed more than 25% of the market capitalization of the Company, as set forth in Sections 5.5(a) and 5.7(1)(a) of MI 61-101.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Kingfisher Metals Corp.
Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on copper-gold exploration in the Golden Triangle, British Columbia. The Company has quickly consolidated one of the largest land positions in the region at the contiguous 819 km2 HWY 37 Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km2. The Company currently has 54,683,583 shares outstanding.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,”“plans,”“anticipates,”“believes,”“intends,”“estimates,”“projects,”“potential” and similar expressions, or that events or conditions “will,”“would,”“may,”“could” or “should” occur.
Forward-looking statements in this news release include, among others, statements relating to expectations regarding the expected closing date of the Offering, and other statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: the Company may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions acceptable; compliance with extensive government regulation; domestic and foreign laws and regulations could adversely affect the Company’s business and results of operations; the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Company’s securities, regardless of its operating performance.
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce that due to demand the Company will increase its previously announced non-brokered private placement of units (the “Units”) at a price of $0.165 per Unit to aggregate gross proceeds of up to $1,850,000 (the “Offering”), which was previously announced on December 10, 2024, and December 17, 2024.
Each Unit will consist of one common share and one-half of one transferable common share purchase warrant. Each whole warrant will be exercisable to acquire one additional common share of the Company for 24 months from the closing date of the Offering at an exercise price of $0.30.
The net proceeds from the Offering will be used for, but are not limited to, continuing to expand Kingfisher’s business, including the acquisition of the Ball Creek West project from P2 Gold Inc., and general working capital purposes.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Kingfisher Metals Corp.
Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on copper-gold exploration in the Golden Triangle, British Columbia. The Company has quickly consolidated one of the largest land positions in the region at the contiguous 819 km2 HWY 37 Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km2. The Company currently has 43,201,553 shares outstanding.
For further information, please contact:
Dustin Perry, P.Geo. CEO and Director Phone: +1 778 606 2507 E-Mail: [email protected]
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.
Forward-looking statements in this news release include, among others, statements relating to expectations regarding the expected closing date of the Offering, and other statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: the Company may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions acceptable; compliance with extensive government regulation; domestic and foreign laws and regulations could adversely affect the Company’s business and results of operations; the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Company’s securities, regardless of its operating performance.
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce that due to demand the Company will increase its previously announced non-brokered private placement of units (the “Units”) at a price of $0.165 per Unit to aggregate gross proceeds of up to $1,750,000 (the “Offering”), which was previously announced on December 10, 2024.
Each Unit will consist of one common share and one-half of one transferable common share purchase warrant. Each whole warrant will be exercisable to acquire one additional common share of the Company for 24 months from the closing date of the Offering at an exercise price of $0.30.
The net proceeds from the Offering will be used for, but are not limited to, continuing to expand Kingfisher’s business, including the acquisition of the Ball Creek West project from P2 Gold Inc., and general working capital purposes.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Kingfisher Metals Corp.
Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on copper-gold exploration in the Golden Triangle, British Columbia. The Company has quickly consolidated one of the largest land positions in the region at the contiguous 819 km2 HWY 37 Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km2. The Company currently has 43,201,553 shares outstanding.
For further information, please contact:
Dustin Perry, P.Geo. CEO and Director Phone: +1 236 358 0054 E-Mail: [email protected]
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.
Forward-looking statements in this news release include, among others, statements relating to expectations regarding the expected closing date of the Offering, and other statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: the Company may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions acceptable; compliance with extensive government regulation; domestic and foreign laws and regulations could adversely affect the Company’s business and results of operations; the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Company’s securities, regardless of its operating performance.
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce a non-brokered private placement of units (the “Units”) at a price of $0.165 per Unit for aggregate gross proceeds of up to $1.25 million (the “Offering”).
Each Unit will consist of one common share and one-half of one transferable common share purchase warrant. Each whole warrant will be exercisable to acquire one additional common share of the Company for 24 months from the closing date of the Offering at an exercise price of $0.30.
The Offering will be made by way of private placement in each of the provinces of Canada pursuant to applicable exemptions from the prospectus requirements.
The net proceeds from the Offering will be used for, but are not limited to, continuing to expand Kingfisher’s business, including the acquisition of the Ball Creek West project from P2 Gold Inc., and general working capital purposes.
The Offering is subject to the receipt of all necessary regulatory and other approvals, including, but not limited to, acceptance of the TSX Venture Exchange (“TSXV”). The Units will be subject to a hold period of four months and one day from the closing date of the Offering in accordance with applicable securities laws.
In connection with the Offering, certain arm’s-length parties may receive a cash finder’s fee payment and/or warrants to purchase common shares in the capital of the Company in consideration of securities that are sold to subscribers introduced by such parties. Any cash finder’s fee payment and/or warrants will be subject to the approval of and will be issued in accordance with the rules of, the TSXV.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Kingfisher Metals Corp.
Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on copper-gold exploration in the Golden Triangle, British Columbia. The Company has quickly consolidated one of the largest land positions in the region at the contiguous 819 km2 HWY 37 Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km2. The Company currently has 43,201,553 shares outstanding.
For further information, please contact:
Dustin Perry, P.Geo. CEO and Director Phone: +1 236 358 0054 E-Mail: [email protected]
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.
Forward-looking statements in this news release include, among others, statements relating to expectations regarding the expected closing date of the Offering, and other statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: the Company may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions acceptable; compliance with extensive government regulation; domestic and foreign laws and regulations could adversely affect the Company’s business and results of operations; the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Company’s securities, regardless of its operating performance.
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to report the voting results for the Company’s annual general meeting of shareholders (the “Meeting”) held on December 4, 2024, in Vancouver, British Columbia.
Shareholders fixed the number of directors at six (6), and all five (5) of the nominees, as set forth in the Company’s Management Information Circular dated November 4, 2024 (the “Circular”), were elected as directors of Kingfisher at the Meeting.
At the Meeting, shareholders also approved: (1) the appointment of De Visser Gray LLP as auditor of the Company for the ensuing year and authorizing the board of directors to fix the remuneration of the auditor, and (2) the approval of the Company’s stock option plan, as more particularly described in the Circular.
For further information regarding the matters considered at the Meeting readers are encouraged to review the Circular, a copy of which is available under the profile for the Company on SEDAR+ (www.sedarplus.ca).
About Kingfisher Metals Corp.
Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on underexplored district-scale projects in British Columbia, including the Golden Triangle region. Kingfisher has two 100% owned district-scale projects and an option to earn 100% of the HWY 37 Project, that offer potential exposure to gold, copper, silver, and zinc. The Company currently has 43,201,553 shares outstanding.
For further information, please contact:
Dustin Perry, P.Geo. CEO and Director Phone: +1 778 606 2507 E-Mail: [email protected]
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
This release contains “forward-looking information” within the meaning of applicable securities laws relating to the Company’s business plans and the outlook of the Company’s industry. Although the Company believes, considering the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws.
Creates Largest Contiguous Project (HWY 37) Held by a Non-Producing Company in the Golden Triangle, BC
Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce that it has entered into a definitive agreement dated December 4, 2024 (the “Agreement”) to acquire the Ball Creek West project (the “BAM Project”) from P2 Gold Inc. (“P2 Gold”) (the “Transaction”). The BAM Project comprises 54 claims totalling 18,893 hectares and is located immediately west and contiguous with Kingfisher’s HWY 37 Project, in Northwest British Columbia within the Golden Triangle.
The Transaction will bring the consolidated HWY 37 Project to 819 km2 making it the largest contiguous project held by a non-producing company in the Golden Triangle. The BAM Project is highly prospective for Cu-Au porphyry systems with three grassroots, large-scale target areas: Northmore, Mess Creek, and Hickman.
Consolidation of the Golden Triangle
The Golden Triangle is the most endowed region in Canada for large Cu-Au porphyry systems where neighbouring major miners Teck and Newmont hold Red Chris, Galore Creek, and Schaft Creek
Kingfisher entered the Golden Triangle in 2023 and has rapidly consolidated the largest contiguous non-producer held project in the region with 819 km2
The addition of three large-scale porphyry Cu-Au targets furthers the strategy of positioning Kingfisher as the premier Cu-Au explorer in the region
New tenure addition of 189 km2 is fully assessed with no holding costs until 2032
Dustin Perry, CEO states “Since we shifted our exploration focus to the Golden Triangle, we have taken a two-pronged approach of regional consolidation and systematic exploration. This acquisition marks a significant step in elevating the Company to having the largest contiguous project held by a non-producing company in the Golden Triangle. We see the Northmore, Mess Creek, and Hickman targets as having the hallmarks of large Cu-Au±Mo porphyry systems similar in scale to the targets we have identified to date. This acquisition further increases our pipeline of highly prospective targets in the most prospective porphyry region in Canada. This acquisition provides optionality to the Company as the tenures are in good standing until 2032 and require no immediate work. This allows us to prioritize drilling on our more advanced and recently generated targets while taking a systematic approach to de-risking these large porphyry anomalies.
Once ingested into our rapidly evolving machine learning VRIFY AI model, these targets will not only benefit from our existing database, but they will further refine the existing target areas through pattern recognition. We believe our methodical approach combined with cutting edge geoscience and AI is positioning the Company and our shareholders for long term success in an environment of rising metal prices.”
Figure 1: HWY 37 Project and Contiguous Ball Creek West Project
Transaction Details
Under the terms of the Agreement, the Company will (a) issue common shares to P2 Gold with an aggregate value of C$250,000 priced at C$0.165 per share, and (b) pay C$1,000,000 in cash to P2 Gold, with C$50,000 due on signing the Agreement and C$950,000 due on the closing of the Transaction, in exchange for the BAM Project. The BAM Project is subject to underlying royalty agreements over the project that includes a 1% net smelter return to be retained by Evrim Exploration Canada Corp., a subsidiary of Orogen Royalties Inc. (“Orogen”), and a 2% net smelter return to be retained by Sandstorm Gold Ltd. (“Sandstorm”), as well as a provision for Orogen to buy down 1% of the Sandstorm net smelter return for C$1,000,000 and the right to up to C$4,100,000 in milestone payments.
The Transaction remains subject to various terms and conditions, including, but not limited to, the approval of the Exchange and Kingfisher completing a private placement of at least C$1,000,000. The closing of the Transaction is anticipated on or about February 28, 2025.
BAM Project Overview
The BAM Project fits into Kingfishers’ strategy of consolidating highly prospective projects in the Golden Triangle and systematically exploring them. The addition of Northmore, Mess Creek, and Hickman fit into the Company’s strategy as they have the hallmarks of large porphyry Cu-Au systems. Given the BAM Project tenures are in good standing until 2032, the Company has no financial obligations to assess the tenures for approximately 8 years. The new tenures are contiguous with the rest of the Company’s Golden Triangle landholdings and any work credits done across the 819 km2 can be spread across the project. This optionality enables Kingfisher to prioritize the more advanced targets at the Williams, Hank, Mary, and ME drill ready for near term drilling while completing systematic and lower cost exploration at these new target areas. The Company believes this process of large-scale consolidation, screening, target development, and drill testing is the most efficient and responsible way to deploy shareholder capital.
The overarching themes of the opportunities at the Northmore, Mess Creek, and Hickman targets include:
Located within a prolific mineral region
Large km-scale geochemical anomalies and alteration systems
Limited shallow historical drilling
Limited modern geophysical coverage
No follow up yet on 2019 sampling that discovered the Hickman target, greatly expanded the Northmore geochemical anomaly, and extended the Mess Creek geochemical anomaly
Northmore Grassroots Target*
The Northmore grassroots target area (Figure 2) includes a soil anomaly that extends 7 km N-S and has a width of 1.5-2.5 km E-W with several sampling gaps in steep gossan slopes. The broad Cu-Au-Ag-Mo multi-element anomaly reflects a region with a mix of outcrop and vegetative cover. Rock samples from the anomaly include up to 8.12% Cu and 1.06 g/t Au. Five shallow widely spaced drill holes totalling 1016 m tested the anomaly focused at the north. Drilling returned anomalous copper grades (~400-800 ppm Cu) over widths of 25 to 100 m.
A historical 11 line-km induced polarization-resistivity survey at the northern anomaly, completed in 1991, showed chargeability increasing in the eastern portion of the grid. The Company intends to digitize and invert this paper format data for visualization and targeting work in 3D space. A 352 line-km high resolution aeromagnetic survey from 2006 will also be inverted for use in 3D space and structural interpretation.
The broad grassroots Northmore target area is host to Texas Creek, or KSM-type, intrusions as well as syenite interpreted by previous workers to be Galore Creek intrusions. The Company plans to undertake further work to determine whether a KSM or Galore-style exploration model will apply here.
Initial work to further refine targets at Northmore will include expanding soil coverage to capture the full extent of anomalism and new geophysical studies. This new data coupled with 3D inversions of historical geophysical datasets will provide insight into the plumbing system and porphyry target areas for additional IP surveys and drill target generation within the large soil anomaly.
*Sources:Geochem:P. Jamet, 1991. (Assessment Report 22045), Henry Marsden, 2005. (Assessment Report 28076), John Bradford, 2006. (Assessment Report 28833), Stewart Harris, 2018. (Assessment Report 37223), Stewart Harris, 2019. (Assessment Report 37953), Oliver Friesen, 2020. (Assessment Report 38858), Mohan R. Vulimiri, 1990. (Assessment Report 20785), John Bradford, 2008. (Assessment Report 29568), Thomas K. Branson, 2012 (Assessment Report 33614), John Bradford, 2009. (Assessment Report 30743), and Mark E. Baknes, 2021. (Ball Creek NI-43-101). IP-Resistivity: David E. Blann, 1991. (Assessment Report 22001). Magnetics: John Bradford, 2006. (Assessment Report 28833).
Figure 2: Northmore Grassroots Target
Mess Creek Grassroots Target*
The Mess Creek soil and rock anomaly extends a minimum of 8 km along the length of the Mess Creek with elevated Au-Cu-Mo (Figure 3). In areas, the width of the anomaly measures a minimum of 2 km but sampling along the trend is not sufficient to characterize either the full strike length or width of the anomaly. A total of 24 holes to average depth of 177 m are focused in a 2.3 km N-S by 1 km E-W drill footprint (Figure 3). The drill area intersected anomalous Cu-Au including: 125 m of 0.11 g/t Au and 0.11% Cu (MC07-01), 242 m of 0.16 g/t Au and 0.08% Cu (MC06-02), and 159 m of 0.18 g/t Au and 0.12% Cu (BC-08).
Geophysical coverage at Mess Creek includes 447 line- km of a modern high resolution aeromagnetic survey that encompasses the Mess Creek soil anomaly. The principal Mess Creek soil anomaly is covered by 1970’s era induced-polarization-resistivity data currently in paper format with limited depth penetration. The Company intends to digitize paper format data and to generate inversion products for both IP and magnetic data for 3D visualization and structural interpretation.
The Mess Creek area coincides with a trend of Galore Creek intrusions (the Loon Lake stock) and historical work areas document Galore-like alkalic Cu-Au-bearing syenite porphyry intrusions. The Mess Creek target area is also highly prospective for intrusion-related gold systems (e.g., Brucejack or Snip) based on the presence of the regional scale Mess Creek fault system.
The Company intends to completely capture the anomaly through expanded soil sample surveys and follow-up with geophysical surveys. These results coupled with 3D visualization techniques to historical geophysical and drill results will inform drill targeting work.
*Sources:Geochem: Mark E. Baknes, 2021. (Ball Creek NI-43-101), Wayne Hewgill and Godfrey Walton, 1986. (Assessment Report 15603), John Bradford, 2006. (Assessment Report 28833), John Bradford, 2008. (Assessment Report 29568), Thomas K. Branson, 2012 (Assessment Report 33614), Oliver Friesen, 2020. (Assessment Report 38858), S. J. Tennant, 1991. (Assessment Report 21360), John Bradford, 2008. (Assessment Report 29568), John Bradford, 2009. (Assessment Report 30743), G. A. Clouthier, 1977. (Assessment Report 06391), G. A. Clouthier, 1976. (Assessment Report 06162), K. Buchanan, G. Gutrath, 1972. (Assessment Report 04100), and G. C. Gutrath, 1971. (Assessment Report 03093). Magnetics: John Bradford, 2006. (Assessment Report 28833). IP-Resistivity: J. Vysselaar, G. A. Clouthier, 1978. (Assessment Report 06875), David K. Fountain, 1973. (Assessment Report 04755), Ashton W. Mullan, Peter K. Smith, 1972. (Assessment Report 03989), and G. A. Clouthier, 1977 (Assessment Report 06162).
Figure 3: Mess Creek and Hickman Target Areas
Hickman Grassroots Target Area*
The Hickman grassroots target area is an open and relatively new 3.5 km-long Cu-Au-Mo soil anomaly that was delineated in 2019 without follow-up (Figure 3). Surface work identified the presence of potassic-altered porphyry stockwork on surface and rock sampled up to 0.69 g/t Au and 2.5% Cu. The sampled region reflects a comparable geological setting to the Schaft Creek deposit, located ~7 km north of the target. Both the Schaft Creek deposit and Hickman target lie at the margin of the Late Triassic Hickman batholith (225 to 222 Ma) associated with monzodiorite porphyry phases.
No geophysical surveys have been completed at Hickman.
*Sources:Geochem: Oliver Friesen, 2020. (Assessment Report 38858), and Mark E. Baknes, 2021. (Ball Creek NI-43-101).
Qualified Person
Dustin Perry, P.Geo., Kingfisher’s CEO, is the Company’s Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has prepared the technical information presented in this release. Kingfisher believes the work completed by historical operators was performed to a professional standard but has not independently confirmed the results. The Company notes that mineralization on other projects within the Golden Triangle is not indicative of mineralization on the BAM Project.
About Kingfisher Metals Corp.
Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on underexplored district-scale projects in British Columbia, including the Golden Triangle region. Kingfisher has two 100% owned district-scale projects and an option to earn 100% of the HWY 37 Project, that offer potential exposure to gold, copper, silver, and zinc. The Company currently has 43,201,553 shares outstanding.
For further information, please contact:
Dustin Perry, P.Geo. CEO and Director Phone: +1 778 606 2507 E-Mail: [email protected]
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property. This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.
Forward-looking statements in this news release include, among others, statements relating to expectations regarding the transaction, and other statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: the Company may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions acceptable; compliance with extensive government regulation; domestic and foreign laws and regulations could adversely affect the Company’s business and results of operations; the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Company’s securities, regardless of its operating performance.
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
