|Bid||0.0450 x 0|
|Ask||0.0550 x 0|
|Day's Range||0.0550 - 0.0600|
|52 Week Range||0.0400 - 0.2000|
|Beta (3Y Monthly)||1.52|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
MONTRÉAL, May 23, 2019 (GLOBE NEWSWIRE) -- Canadian Metals Inc. (“CME” or the “Company”) (CSE:CME) is pleased to announce that it has received the first payment of $500,000 from Les Minéraux Industriels du Québec Inc (« MIQ ») in relation to the closing of the May 2, 2019 agreement. This payment represents the first installment of a total of staged cash payments of $ 2,250,000 to be made by MIQ in accordance with the agreement (see press release of May 2, 2019). Stéphane Leblanc, Chief Executive Officer, commented, "We believe this agreement bolds well with CME’s strategic plan and allows us to focus on the development of our industrial project to transform quartz and leave the quarry operation to an experienced entity.
MONTRÉAL, May 22, 2019 (GLOBE NEWSWIRE) -- Canadian Metals Inc. (“CME” or the “Company”) (CSE:CME) is pleased to announce the appointment of Gerald Panneton as the Company’s Director of the board effective May 22, 2019, replacing Ghita Ouaziz. Mr. Panneton is a geologist with over 30 years experience in mineral exploration and development, and was the founder, President and CEO of Detour Gold Corporation (“Detour Gold”) from its incorporation in July 2006 until November 2013. Mr. Panneton helped raise approximately $2.6 billion in capital while at Detour Gold.
MONTRÉAL, May 2, 2019 /CNW/ - Canadian Metals Inc. ("CME" or the "Corporation") (CME.CN) is pleased to announce that it has entered into a definitive agreement with a strategic and experienced quarry operator, Les Minéraux Industriels du Québec Inc. ("MIQ" or the "Purchaser"), pursuant to which CME intends to sell (the "Disposition") all its right, titles and interest in and to the Langis property (the "Property"), in exchange of a long-term quartz price lock-in supply agreement (the "LTA") and $2,250,000 . This strategic alliance with MIQ should allow optimization of the resource extracted from the Property and will generate short- and medium-term cash flow for CME.
MONTRÉAL, April 09, 2019 (GLOBE NEWSWIRE) -- Canadian Metals Inc. (“CME” or the “Company”) (CSE:CME) Mr. Robert Wares announced today that he has filed an early warning report in respect of the Company’s last private placement. Mr. Robert Wares acquired 2,500,000 Units (approximately 7.43% of the issued and outstanding Shares on a non-diluted basis and 13.8% on a partially diluted basis assuming the exercise of Warrants) for total consideration of $250,000. Prior to the Offering, Mr. Wares beneficially owned 6,800,000 Shares.
MONTRÉAL, April 09, 2019 (GLOBE NEWSWIRE) -- Canadian Metals Inc. (“CME” or the “Company”) (CSE:CME) is pleased to announce it has entered into an arm’s length option agreement (the “Option”) to acquire an undivided 100% interest (the “Interest”) in 11 mining claims adjacent to its Blackshale property located west of the Brunswick 12 mine. The Shares issued as consideration under this option agreement will be subject to a statutory hold period of four months and one day from the date of issuance. Brunswick No. 12 was the largest underground zinc mine for nearly 50 years, processing an average of 10,500 tonnes per day.
MONTRÉAL, March 01, 2019 (GLOBE NEWSWIRE) -- Canadian Metals Inc. (the “Corporation”) (CSE : CME) is pleased to announce that it has closed a private placement of 2,500,000 units (each a “Unit”) of the Corporation at a price of $0.10 per Unit for gross proceeds of $250,000 (the “Offering”). The Corporation intends to use the net proceeds from the Offering to advance the general development of its Baie-Comeau silicon project and for general working capital and corporate purposes. The Offering was completed on a private placement basis pursuant to prospectus exemptions of applicable securities laws and is subject to final acceptance by CSE.
MONTRÉAL, Feb. 20, 2019 (GLOBE NEWSWIRE) -- Canadian Metals Inc. (“CME” or the “Company”) (CSE:CME) is pleased to announce that Mr. Michel G. Gagnon, CME’s director for several years, has been appointed Chairman of the Board of Directors. Michel is a specialist of corporate governance and sits on the boards of several private and public companies. "CME is honored to welcome this exceptional manager as Chairman of our Board of Directors," said Stéphane Leblanc, CEO of the company.
MONTRÉAL, Jan. 29, 2019 -- Canadian Metals Inc. (The “Corporation”) (CSE: CME) is pleased to announce that shareholders voted in favour of all resolutions presented in its.
Canadian Metals Inc. (The “Company”) (CSE:CME) is pleased to announce that the Ministry of the Economy and Innovation has authorized funding to support the feasibility study for the construction of a silicon plant in Baie-Comeau. The non-refundable financial contribution agreement will be administered by Investissement Québec, as agent of the Government of Québec and contains general terms and conditions typical of this type of assistance program. "This is wonderful news that demonstrates the government's endorsement for our investment and development project for the Baie-Comeau region.
MONTRÉAL, Nov. 28, 2018 /CNW/ - Canadian Metals Inc. (the "Corporation") (CSE : CME) announces today that it has entered into a related party royalty purchase agreement (the "Royalty Purchase Agreement"), pursuant to which CME will acquire the 3% NSR and 7% NTI royalty on the Langis property (the "Royalty Transaction"). Each Warrant will be exchangeable for a Share at an exercise price of $0.15 per Share for a period of 5 years following the closing of the Royalty Transaction.
Canadian Metals Inc. (The “Corporation”) (CSE:CME) officially begins the definitive feasibility study (DFS) on the Baie-Comeau Silicon industrial project, in partnership with Metix (Pty) Ltd of South Africa (“Metix”), being a business unit of the SMS Group. They will supply the basic design and costing to establish an EPS price for a 25MW DC furnace. Scope of Work includes the furnace feed, DC furnace, primary off-gas cleaning, secondary fume capture, off-gas dust handling, casting operations, product crushing, sizing and bagging. WSP of Baie-Comeau will be in charge of the environmental study necessary to obtain the authorization certificate.
Canadian Metals Inc. (The “Corporation”) (CSE : CME) is pleased to announce the appointment of Mr. Pierre Renaud to the board of directors. Mr. Pierre Renaud, counsel and head of the Environmental Law Group for the Quebec region at McCarthy Tetrault LLP, has 31 years of experience in environmental law.