Northwire Canada EditionTuesday, July 28, 2026
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RIO 2.62 −3.0% GEN 0.070 +0.0% MAI 4.35 −2.9% RYR 0.175 +0.0% SCD 0.165 −1.5% SRC 1.75 −2.8% FOXT 0.165 +6.5% TG 0.180 −2.7% NOBL 0.100 −4.8% MGG 0.285 −5.0% HMR 0.540 +0.0% NRC 1.00 +0.0% SIG 0.920 +0.0% LMR 0.120 +60.0% XTM 0.065 +0.0% CRG 0.215 −2.3% RIO 2.62 −3.0% GEN 0.070 +0.0% MAI 4.35 −2.9% RYR 0.175 +0.0% SCD 0.165 −1.5% SRC 1.75 −2.8% FOXT 0.165 +6.5% TG 0.180 −2.7% NOBL 0.100 −4.8% MGG 0.285 −5.0% HMR 0.540 +0.0% NRC 1.00 +0.0% SIG 0.920 +0.0% LMR 0.120 +60.0% XTM 0.065 +0.0% CRG 0.215 −2.3%
Drill Results

Metallic Minerals Undertakes Drill Programs at South Keno and Klondike Gold and Silver Properties and Provides Exploration Update for Keno Silver Project in Yukon Territory

By The Northwire Desk — AI Analysis Oct 08, 2025 · 07:00 MMG · 0.325 Metallic Minerals Corp.
MMG · Price

Executive Summary

  • Metallic Minerals reports the completion of $8 million of financing (August 2025) and outlines extensive exploration, drilling, and royalty development activities across its Yukon gold‑silver portfolio and Keno Silver Project.
  • The company expects record royalty revenues in 2025 from Australia Creek operations and has secured a new test‑mining agreement at Dominion Creek, expanding its alluvial mining footprint.
  • Ongoing field programs at the Keno Silver Project and La Plata copper‑silver‑PGE‑gold project are positioned for expanded drilling campaigns in early 2026, with collaborations to assess critical mineral (REE) potential.

Key Details

  • Financing: $8 million raised end of August 2025 from existing shareholders, management, board members, and strategic investors including Newmont Corporation.
  • Yukon Royalty Portfolio:
  • 100% interest in 37.8 km² Australia Creek/Dominion Creek area; new test‑mining agreement at Dominion Creek; 30‑hole sonic drill completed earlier 2025 plus a new 25‑hole program and passive seismic surveys launched September 2025.
  • Record royalty revenue anticipated for 2025 from Australia Creek operations.
  • South Keno Alluvial Property: 24.2 km² owned; ongoing reverse‑circulation drilling, resistivity surveys, mapping, and sampling; preliminary drill results confirm economic gold values; additional drilling planned early 2026.
  • Keno Silver Project (Yukon):
  • Adjacent to Hecla Mining’s Keno Hill operations (300 M oz Ag historic production).
  • Inferred resource (2024) of 18.2 M oz Ag‑eq at 223 g/t Ag‑eq.
  • 11 targets with positive drill results; ~40 undrilled high‑prospectivity targets identified for 2026 campaign.
  • La Plata Project (Colorado): Prior release highlighted REE, gallium, scandium, tellurium potential; new collaboration with Dr. Greeshma Gadikota (Columbia University) to study extraction of REEs, PGMs, and other critical metals.
  • Corporate Highlights: CEO Greg Johnson presented at the Carbontech Summit (NY) on sustainable mining‑energy integration.
  • Upcoming Investor Events (2025‑2026): Appearances scheduled at Red Cloud Fall Mining Showcase, Precious Metals Summit, AEMA Annual Meeting, VRIC 2026, AMEBC Round Up, PDAC 2026, Swiss Mining Institute Conference.

Notable Quotes

“These initiatives are designed to build on our near‑term gold and silver production from Yukon alluvial royalties, while continuing to expand our copper, silver, and critical mineral resources at our flagship Keno Silver and La Plata projects.” – Greg Johnson, CEO & Chairman

Materiality Assessment: Non‑Material – Positive (operational updates and financing are positive but do not constitute earnings or material transaction disclosures).

Read the original news release →

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Metallic Minerals scales gold royalty engine while La Plata keeps copper-critic minerals promise on the backburner.

Drill Results