Metallic Minerals

Financials:

Primary ticker: TSXV:MMG
Stage of development: Exploration
Primary minerals: Silver, Gold, Copper
Project to promote: Keno Silver, La Plata Copper, Gold, Silver
Project location: North America
Website: www.mmgsilver.com
Corporate video: Click here
Corporate presentation: Click here

Metallic Minerals Corp. is a growth-stage exploration company, focused on high-grade silver and gold projects in underexplored, brownfields mining districts of North America. Our objective is to create shareholder value through a systematic, entrepreneurial approach to exploration in the Keno Hill silver district, La Plata silver-gold-copper district, and Klondike gold district through new discoveries and advancing resources to development. Metallic Minerals has consolidated the second-largest land position in the historic Keno Hill silver district of Canada’s Yukon Territory, directly adjacent to Alexco Resource Corp’s operations, with nearly 300 million ounces of high-grade silver in past-production and current M&I resources. In addition, exploration at the recently acquired La Plata silver-gold-copper project in southwestern Colorado is targeting a silver and gold-enriched copper porphyry and adjacent high-grade silver and gold epithermal systems. The Company also continues to add new production royalty leases on its holdings in the Klondike gold district in the Yukon. All three districts have seen significant mineral production and have existing infrastructure, including power and road access. Metallic Minerals is led by a team with a track record of discovery and exploration success on several major precious and base metal deposits, as well as having large-scale development, permitting and project financing expertise.

Cash: CAD$3.5M
Debt: /

Major shareholders:
Eric Sprott 16%
Greg Johnson 5%
Management ownership 19%

Management Profile

Greg Johnson – Chairman & CEO

Mr. Johnson has twenty-eight years of experience in the mining industry with an exceptional track record in exploration, development and financing of large scale projects to create value for shareholders. Prior to joining Metallic Minerals, Mr. Johnson held the positions of President and CEO at Wellgreen Platinum and South American Silver, and was a co-founder and executive at NovaGold Resources. Mr. Johnson began his career with Placer Dome (now Barrick Gold), where he held various senior roles in domestic and international exploration. Mr. Johnson has developed broad experience in the capital markets and has been involved in raising over $650 million in project financing. For his role in the discovery and advancement of the 40-million-ounce Donlin Creek gold deposit in Alaska, Mr. Johnson was a co-recipient of the PDAC’s Thayer Lindsay International Discovery Award. In addition, Mr. Johnson has been recognized for his work in sustainable development and community engagement and was awarded the Robert E. Leckie Award by the Yukon Government for excellence in environmental stewardship.

What is your rationale for taking part 121 Mining Investment?

We are looking to expand our institutional investor base both via market buying and in potential upcoming private placement financings. We will expect to have a number of key news releases in the lead up to the event and subsequently, with 2022 exploration / field seasons to launch in late May.

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Drill results from 2021 program, inaugural resource estimate

6 Months:

Capital raise, launch of field seasons at each of the company’s three projects

12 Months:

Results from 2021 campaigns, potential update to resource estimate, potential resource estimate on other project

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Market conditions.

What do you think makes your company such a compelling investment?

Ultra high-grade, district scale, adjacent to the highest grade primary silver mines in the world with shared structures, excellent north american jurisdictions, strong management with ability to raise capital, exceptional secondary asset, potential near-term cash flow from alluvial royalties