U.S. Markets closed

Rover Metals Corp. (ROVR.V)

TSXV - TSXV Real Time Price. Currency in CAD
Add to watchlist
0.0700-0.0050 (-6.67%)
At close: 3:54PM EST
Full screen
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Neutralpattern detected
Previous Close0.0750
Open0.0700
Bid0.0750 x N/A
Ask0.0750 x N/A
Day's Range0.0700 - 0.0750
52 Week Range0.0250 - 0.1300
Volume75,000
Avg. Volume147,266
Market Cap6.295M
Beta (5Y Monthly)1.74
PE Ratio (TTM)N/A
EPS (TTM)-0.0130
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Rover obtains Winter Access Road Permit to Cabin Lake Gold Property and Mobilizes for Winter Exploration
    GlobeNewswire

    Rover obtains Winter Access Road Permit to Cabin Lake Gold Property and Mobilizes for Winter Exploration

    VANCOUVER, British Columbia, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE: 4XO) (“Rover” or the “Company”) is pleased to announce that it has obtained an amendment to its exploration land use permit at its Cabin Lake Gold Property to allow for winter road access (the “Cabin Lake Access Road”). The amendment allows for winter road access off of Highway NT3, at the town of Behchoko, NT, directly to site. The First Nations Tlicho Government, in additional to the territorial government and regulatory water board, were all approving parties to the permit amendment and access agreement. Use of the Cabin Lake Access Road will extend to July 19, 2023 (extendable for an additional two years thereafter) and will materially decrease the Company’s winter exploration costs (see below). Upon receipt of the good news, the Company has now made plans to immediately mobilize its winter exploration equipment to Cabin Lake, and it anticipates commencing exploration drilling in early March (see below). Judson Culter, CEO at Rover, states, “The Cabin Lake Access Road is a huge win and a stepping-stone for the Company and its stakeholders. The access road will reduce the Company’s all-in diamond drilling costs by approximately 35% moving forward, and allow it to maximize stakeholder value. The access road also opens the door to other future opportunities such as potential access to mills and mining operations in the area. Cabin Lake is situated 120km from the city of Yellowknife.” Winter Exploration Plans for Cabin Lake Gold PropertyOn September 8, 2020, Rover kicked-off its first exploration drilling program the Cabin Lake Gold Property. The exploration program included both confirmation and expansion drilling of historical high grade gold drill intercepts in the Bugow “Cabin Lake Gold Zone.” Rover’s expansion drilling included the discovery of what it believes to be a primary gold bearing ore shoot at the Cabin Lake Gold Zone (see Figure 1 below). As released on November 24, 2020, drill hole CL-20-08 intersected 32 meters of continuous gold averaging 13.6 grams per ton Au. The significance of hole CL-20-08 is that economic gold grades start at just 17.5 meters from surface, and the hole has identified a northwest trend and a plunge at depth, of the gold mineralization in the ore shoot zone. Hole CL-20-08 also intersected and confirmed historic holes DDH86-12 (15.77 g/t Au over 8.02m) and DDH86-28 (11.74 g/t Au over 16.0m). Rover believes the ore shoot is open at depth and along strike. Figure 1 – Drill Plan View Featuring Ore Shoot Rover’s September 2020 drill program was the initial step towards confirming and expanding the historic 100,000 tons at 0.30 Oz/ton Au* Bugow historic resource estimate towards a NI 43-101 compliant mineral resource estimate. Historic drill intersects reported in the Bugow Cabin Lake Gold Zone also include reported holes DDH 86-13 of 14.23 g/t Au over 6.1m; and DDH 86-10 with 10.84 g/t Au over 10.0m. Starting in March 2021, the Company plans to drill the Cabin Lake Gold Zone ore shoot at depth, as well as several other brownfields targets that exist along the Bugow Iron Formation (for example, the Andrew North Zone, the Andrew South Zone, and the Beaver Zone – all part of the Cabin Lake Property). The Company currently has identified at least 12 targets as potential new ore shoot discoveries on the property. This is an initial release. More details in terms of exact start date, planned meterage and drilling budget will be released in the coming weeks. (*) As per Section 2.4 of NI 43-101, Aber Resources Ltd. reported a mineral inventory (that does not compare to the current CIM Definitions Standards mineral resource categories) of 100,000 tons at 0.30 ounces per ton gold at the Cabin Lake Gold zone on the north limb of the folded Bugow Iron Formation in their 1986 and 1987 annual reports. The parameters used for the resource calculation are unknown. These results are relevant as to delineate a larger zone of gold mineralization at the Cabin Lake Gold Zone, but further drilling is needed to bring that up to CIM Definition Standards. The reader is cautioned that a Qualified Person has not done sufficient work to classify the historical estimates as current mineral resources and Rover Metals is not treating the historical estimates as current mineral resources. Technical information in this news release has been approved by Raul Sanabria, M.Sc., P.Geo., Technical Advisor and shareholder of Rover Metals Corp. and a Qualified Person for the purposes of National Instrument 43-101. About Rover MetalsRover is a precious metals exploration company specialized in North American precious metal resources, that is currently advancing the gold potential of its Cabin Lake Gold Property. You can follow Rover on its social media channels:Twitter: https://twitter.com/rovermetalsLinkedIn: https://www.linkedin.com/company/rover-metals/Facebook: https://www.facebook.com/RoverMetals/for daily company updates and industry news, andYouTube: https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriberfor corporate videos. Website: https://www.rovermetals.com/ ON BEHALF OF THE BOARD OF DIRECTORS “Judson Culter” Chief Executive Officer and Director For further information, please contact: Judson Culter Email: judson@rovermetals.comPhone: (604) 449-5347 Statement Regarding Forward-Looking InformationThis 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 Rover's actual results, performance or achievements, or developments in the industry 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. There can be no assurance that such statements be prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Rover’s expectations. Rover undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. 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. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.

  • GlobeNewswire

    Rover raises $1.278MM under $0.10 Unit Financing

    VANCOUVER, British Columbia, Jan. 26, 2021 (GLOBE NEWSWIRE) -- Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (“Rover” or the “Company”) further to its releases of January 6, 2021, and January 18, 2021, announcing a non-brokered $0.10 Unit Financing, Rover has now closed the Second and Final tranche of the $0.10 Unit Financing for gross proceeds of $270,000.00 (the “Second Units”). A total of $1,277,500.00 has now been raised under the $0.10 Unit Financing. The use of proceeds of the financing include plans for a resumption of exploration drilling at its 100% owned Cabin Lake gold project, NT, Canada as soon as this February, 2021. Further to its release of January 4, 2021, the Company is on track to obtain an ice road permit this winter to access the Cabin Lake project directly off Highway NT3, at the town of Behchoko. Ice road access to the property will materially decrease the Company’s exploration costs. About the Cabin Lake Gold Property On September 8, 2020, Rover kicked-off its first exploration drilling program at the Cabin Lake Gold Property. The exploration program included both confirmation and expansion drilling of historical high grade gold drill intercepts in the Bugow “Cabin Lake Gold Zone.” Rover’s expansion drilling included the discovery of what it believes to be a primary gold bearing ore shoot at the Cabin Lake Gold Zone (see Figure 1 below). As released on November 24, 2020, drill hole CL-20-08 intersected 32 meters of continuous gold averaging 13.6 grams per ton Au. The significance of hole CL-20-08 is that economic gold grades start at just 17.5 meters from surface, and the hole has identified a northwest trend and plunge at depth, of the gold mineralization in the ore shoot zone. Hole CL-20-08 also intersected and confirmed historic holes DDH86-12 (15.77 g/t Au over 8.02m) and DDH86-28 (11.74 g/t Au over 16.0m). Figure 1 – Drill Plan View Featuring Ore Shoot Rover’s September 2020 drill program was the initial step towards confirming and expanding the historic 100,000 tons at 0.30 Oz/ton Au* Bugow historic resource estimate towards a NI 43-101 compliant mineral resource estimate. Historic drill intersects reported in the Bugow Cabin Lake Gold Zone also include reported holes DDH 86-13 of 14.23 g/t Au over 6.1m; and DDH 86-10 with 10.84 g/t Au over 10.0m. Starting in February 2021, the Company plans to drill the Cabin Lake Gold Zone ore shoot at depth, as well as several other brownfields targets that exist along the Bugow Iron Formation (for example, the Andrew North Zone, the Andrew South Zone, and the Beaver Zone – all part of the Cabin Lake Property). The Company currently has identified at least 12 targets as potential new ore shoot discoveries on the property. (*) As per Section 2.4 of NI 43-101, Aber Resources Ltd. reported a mineral inventory (that does not compare to the current CIM Definitions Standards mineral resource categories) of 100,000 tons at 0.30 ounces per ton gold at the Cabin Lake Gold zone on the north limb of the folded Bugow Iron Formation in their 1986 and 1987 annual reports. The parameters used for the resource calculation are unknown. These results are relevant as to delineate a larger zone of gold mineralization at the Cabin Lake Gold Zone, but further drilling is needed to bring that up to CIM Definition Standards. The reader is cautioned that a Qualified Person has not done sufficient work to classify the historical estimates as current mineral resources and Rover Metals is not treating the historical estimates as current mineral resources. $0.10 Unit FinancingFurther to its releases of January 18, 2021, announcing closing of First tranche of the $0.10 Unit Financing for gross proceeds of $1,007,500 (the “First Units”). The Company has now received approval from the Toronto Venture Exchange (the “TSXV”) to close its Second and Final Tranche of the financing for gross proceeds of the $270,000.00 (the “Second Units). Each unit is comprised of one common share and one common share purchase warrant (the “First Warrants”). The Second Units were issued at $0.10 per unit, resulting in the issuance of 2,700,000 common shares and 2,700,000 warrants. The Second Warrants have an exercise price of $0.15 per warrant share, and a life of two years. The total amount raised under both the First and Second Unit Closings amount to gross proceeds of $1,277,500, or 12,775,000 common shares, and 12,775,000 warrants. Finders’ cash commissions of $4,720.00 and finders’ commission warrants of 725,200 were paid and issued, respectively, in connection with this financing. The units will bear the minimum four-month regulatory hold period from the date of issuance. The use of proceeds of the first closing will be to finance exploration planning, winter exploration mobilization, and winter drilling at its Cabin Lake property, as well as working capital for general and administrative expenses. Advisor AgreementsThe Company has received approval from the TSXV to issue common shares to several of its advisors as payment settlement for their services. Robert SchaferRobert Schafer’s advisory services of $7,500, for the period of September 16, 2020 through to December 15th, 2020, will be paid through the issuance of 71,429 common shares as full payment settlement. The shares will bear a four-month regulatory hold period from the date of issuance. Abingdon CapitalAbingdon Capital’s advisory services of $10,000, for the period of September 1, 2020 through to December 31st, 2020, will be paid through the issuance of 106,250 common shares as full payment settlement. The shares will bear a four-month regulatory hold period from the date of issuance. Louis CovelloLouis Covello’s advisory services of $10,000, for the period of September 1, 2020 through to December 31st, 2020, will be paid through the issuance of 106,250 common shares as full payment settlement. The shares will bear a four-month regulatory hold period from the date of issuance. Technical information in this news release has been approved by Raul Sanabria, M.Sc., P.Geo., Technical Advisor and shareholder of Rover Metals Corp. and a Qualified Person for the purposes of National Instrument 43-101. About Rover MetalsRover is a precious metals exploration company specialized in North American precious metal resources, that is currently advancing the gold potential of its existing projects. You can follow Rover on its social media channels:Twitter: https://twitter.com/rovermetalsLinkedIn: https://www.linkedin.com/company/rover-metals/Facebook: https://www.facebook.com/RoverMetals/for daily company updates and industry news, andYouTube: https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriberfor corporate videos. Website: https://www.rovermetals.com/ ON BEHALF OF THE BOARD OF DIRECTORS “Judson Culter” Chief Executive Officer and Director For further information, please contact: Judson Culter Email: judson@rovermetals.com Phone: (604) 449-5347 Statement Regarding Forward-Looking InformationThis 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 Rover's actual results, performance or achievements, or developments in the industry 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. There can be no assurance that such statements be prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Rover’s expectations. Rover undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. 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. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.

  • GlobeNewswire

    Update on Exploration at Cabin Lake Gold Project and First Close of $0.10 Unit Financing

    VANCOUVER, British Columbia, Jan. 18, 2021 (GLOBE NEWSWIRE) -- Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (“Rover” or the “Company”) is pleased to announce that it is meeting all interim milestones for a resumption of exploration drilling at its 100% owned Cabin Lake gold project, NT, Canada as soon as this February, 2021. Further to its release of January 4, 2021, the Company is on track to obtain an ice road permit this winter to access the Cabin Lake project directly off Highway NT3, at the town of Behchoko. Ice road access to the property will materially decrease the Company’s exploration costs. About the Cabin Lake Gold PropertyOn September 8, 2020, Rover kicked-off its first exploration drilling program at the Cabin Lake Gold Property. The exploration program included both confirmation and expansion drilling of historical high grade gold drill intercepts in the Bugow “Cabin Lake Gold Zone.” Rover’s expansion drilling included the discovery of what it believes to be a primary gold bearing ore shoot at the Cabin Lake Gold Zone (see Figure 1 below). As released on November 24, 2020, drill hole CL-20-08 intersected 32 meters of continuous gold averaging 13.6 grams per ton Au. The significance of hole CL-20-08 is that economic gold grades start at just 17.5 meters from surface, and the hole has identified a northwest trend and plunge at depth, of the gold mineralization in the ore shoot zone. Hole CL-20-08 also intersected and confirmed historic holes DDH86-12 (15.77 g/t Au over 8.02m) and DDH86-28 (11.74 g/t Au over 16.0m). Figure 1 – Drill Plan View Featuring Ore Shoot Rover’s September 2020 drill program was the initial step towards confirming and expanding the historic 100,000 tons at 0.30 Oz/ton Au* Bugow historic resource estimate towards a NI 43-101 compliant mineral resource estimate. Historic drill intersects reported in the Bugow Cabin Lake Gold Zone also include reported holes DDH 86-13 of 14.23 g/t Au over 6.1m; and DDH 86-10 with 10.84 g/t Au over 10.0m. Starting in February 2021, the Company plans to drill the Cabin Lake Gold Zone ore shoot at depth, as well as several other brownfields targets that exist along the Bugow Iron Formation (for example, the Andrew North Zone, the Andrew South Zone, and the Beaver Zone – all part of the Cabin Lake Property). The Company currently has identified at least 12 targets as potential new ore shoot discoveries on the property. (*) As per Section 2.4 of NI 43-101, Aber Resources Ltd. reported a mineral inventory (that does not compare to the current CIM Definitions Standards mineral resource categories) of 100,000 tons at 0.30 ounces per ton gold at the Cabin Lake Gold zone on the north limb of the folded Bugow Iron Formation in their 1986 and 1987 annual reports. The parameters used for the resource calculation are unknown. These results are relevant as to delineate a larger zone of gold mineralization at the Cabin Lake Gold Zone, but further drilling is needed to bring that up to CIM Definition Standards. The reader is cautioned that a Qualified Person has not done sufficient work to classify the historical estimates as current mineral resources and Rover Metals is not treating the historical estimates as current mineral resources. $0.10 Unit FinancingFurther to its releases of January 6, 2021, announcing a non-brokered $0.10 Unit Financing, Rover has now closed the First tranche of the $0.10 Unit Financing for gross proceeds of $1,007,500 (the “First Units”). Each unit is comprised of one common share and one common share purchase warrant (the “First Warrants”). The First Units were issued at $0.10 per unit, resulting in the issuance of 10,075,000 common shares and 10,075,000 warrants. The First Warrants have an exercise price of $0.15 per warrant share, and a life of two years. Finders’ commission warrants are expected to be issued on certain monies raised, upon final closing of the $0.10 Unit Financing, once TSXV approval has been obtained. The units will bear the minimum four month regulatory hold period from the date of issuance. The use of proceeds of the first closing will be to finance exploration planning, winter exploration mobilization, winter drilling, and working capital for general and administrative expenses. Technical information in this news release has been approved by Raul Sanabria, M.Sc., P.Geo., Technical Advisor and shareholder of Rover Metals Corp. and a Qualified Person for the purposes of National Instrument 43-101. About Rover MetalsRover is a precious metals exploration company specialized in North American precious metal resources, that is currently advancing the gold potential of its existing projects. You can follow Rover on its social media channels:Twitter: https://twitter.com/rovermetalsLinkedIn: https://www.linkedin.com/company/rover-metals/Facebook: https://www.facebook.com/RoverMetals/for daily company updates and industry news, and YouTube: https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriberfor corporate videos. Website: https://www.rovermetals.com/ ON BEHALF OF THE BOARD OF DIRECTORS “Judson Culter” Chief Executive Officer and Director For further information, please contact: Judson Culter Email: judson@rovermetals.com Phone: (604) 449-5347 Statement Regarding Forward-Looking Information 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 Rover's actual results, performance or achievements, or developments in the industry 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. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Rover’s expectations. Rover undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. 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. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.