Transition Options the Sawmill Au-Cu Property, Sudbury Area Ontario
Sudbury, Ontario--(Newsfile Corp. - October 15, 2020) - Transition Metals Corp (TSXV: XTM) ("Transition", the "Company") is pleased to announce that it has entered into an option agreement to acquire a 100% interest in the Sawmill Au-Cu Property located 40 kilometres northeast of the Sudbury Mining Camp within Parkin and Hutton townships. The property consists of 106 contiguous mining claims, two mining leases and five patents totalling approximately 825 hectares. The property encompasses...
2020-10-15 10:48 AM EDT
Transition Closes Sale of Royalty Interests to Nova Royalties
Sudbury, Ontario--(Newsfile Corp. - October 5, 2020) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") reports that the Company has closed its transaction with Nova Royalties Corp. ("Nova") as disclosed in the news release dated September 8, 2020. On closing the Company received a total of $1,072,500 in cash and 525,000 shares of Nova. Transition President and CEO Scott McLean, P.Geo. commented, "I would like to thank our team and Nova, CP Consulting and Osler, Hoskin &...
2020-10-05 9:10 AM EDT
Transition Sells Portfolio of Royalty Interests to Nova Royalties for $1,000,000 Million Cash and 525,000 Shares
Sudbury, Ontario--(Newsfile Corp. - September 8, 2020) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") reports that the Company has entered into an agreement to sell a portion of its portfolio of royalties to Nova Royalties Corp. (Nova) for $1,072,500 in cash and 525,000 shares of Nova. In addition, the agreement includes a potential $2.0 million in additional milestone payments. The sale of royalties to Nova includes:One half of the Company's 2.5% net smelter return...
2020-09-08 9:10 AM EDT
Transition Provides Update on Work at Wollaston Copper Project in Saskatchewan and Purchases Mining Claims
Sudbury, Ontario--(Newsfile Corp. - September 1, 2020) - Transition Metals Corp. (TSXV: XTM) ("Transition", "XTM", the "Company") has completed a helicopter-supported, tree-top, bio-geochemical survey over its 100% owned, 150 square kilometre Wollaston Copper Project located approximately 60 kilometres southwest of the Rio Tinto Exploration Canada (RTEC) and Forum Energy Metal's (Forum) Janice Lake project in north central Saskatchewan (Figure 1). The survey work included the collection of...
2020-09-01 2:50 PM EDT
Transition's Investment Is Enhanced by SPC Metals' Completion of a Private Placement and Development of a Strategic Relationship with Dundee Goodman Merchant Partners
Sudbury, Ontario--(Newsfile Corp. - August 25, 2020) - Transition Metals Corp (TSXV: XTM) ("Transition", "XTM") is pleased to announce that its investment in Sudbury Platinum Corporation ("SPC Metals") has been enhanced through the completion of a private placement by SPC Metals and the development of an strategic relationship with Dundee Goodman Merchant Partners ("DGMP"). SPC announced that it has completed a private placement totaling $2,174,000 consisting of 9,837,500 common shares...
2020-08-25 9:10 AM EDT
Transition Initiates Field Work at Wollaston Copper Project in North Central Saskatchewan
Sudbury, Ontario--(Newsfile Corp. - August 17, 2020) - Transition Metals Corp (TSXV: XTM) ("Transition", "XTM") reports that it has initiated field work on the Wollaston Copper project in north central Saskatchewan. The project is located approximately 60 kilometres southwest along strike from the Janice Lake project, a sedimentary-hosted copper project being aggressively explored by Rio Tinto Exploration Canada (RTEC) and Forum Energy Metals (Forum). Forum optioned the Janice Lake property...
2020-08-17 9:10 AM EDT
Transition Metals Options its Fostung Tungsten Property, Ontario
Sudbury, Ontario--(Newsfile Corp. - August 10, 2020) - Transition Metals Corp. (TSXV: XTM) ("Transition" or the "Company"), a Canadian-based multi-commodity project generator with a growing project portfolio, announces that it has executed an arms length Option and Joint Venture Agreement with 1930153 ON Ltd. ("1930153 ON") whereby 1930153 ON can earn up to an 100% interest in the Fostung Property located 8 kilometres southeast of Espanola, Ontario (see Company news release dated November 14,...
2020-08-10 9:10 AM EDT
Transition Metals Corp. Closes $1,377,563 Private Placement
Sudbury, Ontario--(Newsfile Corp. - June 3, 2020) - Transition Metals Corp. (TSXV: XTM) ("Transition" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement. The private placement was over-subscribed with a total of 7,910,331 units (the "Units") at a price of $0.15 per Unit, for proceeds of $1,186,549.65 and 1,061,188 flow-through common shares (the "FT Shares") at a price of $0.18 per FT Share, for proceeds of $191,013.84...
2020-06-03 5:36 PM EDT
Transition Metals Corp. Announces up to $1,200,000 Private Placement
Sudbury, Ontario--(Newsfile Corp. - May 22, 2020) - Transition Metals Corp. (TSXV: XTM) ("Transition" or the "Company") is pleased to announce that it intends to raise up to an aggregate of $1,200,000 by way of a non brokered private placement financing consisting of up to 5,000,000 units (the "Units") at a price of $0.15 per Unit, for proceeds of up to $750,000 and up to 2,500,000 flow-through common shares (the "FT Shares") at a price of $0.18 per FT Share,...
2020-05-22 9:10 AM EDT
Transition Announces 2020/2021 Exploration Plans Including 2,000m of Diamond Drilling for the Janice Lake Sedimentary Copper Project, Saskatchewan
Sudbury, Ontario--(Newsfile Corp. - May 21, 2020) - Transition Metals Corp. (TSXV: XTM) ("Transition", "XTM") is pleased to announce that option partner Forum Energy Metals ("Forum") together with Rio Tinto Exploration ("RTEC") have announced plans to complete an extensive summer exploration program at Janice Lake, Saskatchewan. This work will include a 2,000 metre reconnaissance diamond drill program to test targets on known mineralized zones, systematic mapping and prospecting across the 52...
2020-05-21 9:05 AM EDT
Transition Metals Finalizes Option Agreement with Aylmer IOCG Joint Venture Partners
Sudbury, Ontario--(Newsfile Corp. - May 11, 2020) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") reports that the Company and partners of the IOCG Joint Venture property have entered into a revised agreement to option the property from the vendors. The original agreement dated November 28, 2019 (see news release dated December 23, 2019) has been terminated. Under the revised agreement, Transition has the right to earn a 100% interest in the Aylmer IOCG2 property by...
2020-05-11 11:05 AM EDT
Transition Announces High Grade PGM Drill Results from the 'Big Red' Anomaly on the Sunday Lake Property, Ontario
Sudbury, Ontario--(Newsfile Corp. - May 5, 2020) - Transition Metals Corp (TSXV: XTM) ("Transition", "The Company") is pleased to announce it has received assay results from the previously announced drill program (see XTM press release dated January 20, 2020) conducted by Impala Canada Ltd. (Impala Canada) on the Sunday Lake PGM Property located 25 km north of Thunder Bay, Ontario (Figure 1). Impala Platinum Holdings Limited (Implats) and Impala Canada control a 75% interest in the Property...
2020-05-05 9:02 AM EDT
See High Quality AU, PGM, CU, and W Projects Available for Option at Transition Metals PDAC Booth 2126, Investors Exchange, South Building, MTCC
Toronto, Ontario--(Newsfile Corp. - February 27, 2020) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") invites you to meet with Company representatives at Booth #2126 in the Investors Exchange at the PDAC 2020 Mining Convention to be held from March 1-4, 2020 at the Metro Toronto Convention Centre (MTCC), Toronto, Canada.The PDAC, held annually, is considered the world's premier mineral exploration and mining convention. Transition Metals looks forward to updating...
2020-02-27 12:53 PM EST
Transition Stakes the Eva Kitto PGM Property Expanding its Exposure to Palladium and Other Platinum Group Metals in Ontario
Sudbury, Ontario--(Newsfile Corp. - February 4, 2020) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that it has staked 91 mining claims covering approximately 1,900 hectares, located east of Lake Nipigon in northwest Ontario. The property covers most of the Eva Kitto Intrusion, an early rift, mafic ultramafic body similar to those that host the Sunday Lake (Ontario), Thunder Bay North (Ontario), Tamarack (Minnesota) and Eagle (Michigan) nickel...
2020-02-04 9:10 AM EST
Transition Metals to Focus on Wollaston Copper Belt Opportunities as Rio Tinto Makes Commitment to District
Sudbury, Ontario--(Newsfile Corp. - January 22, 2020) - Transition Metals Corp (TSXV: XTM) ("Transition", "XTM") holds a 100% interest in its Wollaston Copper Project (15,144 Ha), located approximately 65 km south of XTM's Janice Lake Property, Saskatchewan. The property covers copper showings interpreted to have potential to host sedimentary-hosted copper mineralization similar to that at Janice Lake. The rocks underlying the Project are interpreted to be on-strike equivalents to the Janice...
2020-01-22 9:09 AM EST
Transition Metals Corp Announces the Commencement of Drilling on Its Sunday Lake Platinum-Palladium Property
Sudbury, Ontario--(Newsfile Corp. - January 20, 2020) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that Impala Canada Ltd. (Impala Canada) has resumed drilling at the Sunday Lake Platinum-Palladium (PGM) Property. Impala Platinum Holdings Limited (Implats) and Impala Canada Ltd. control a 75% interest in the Property and Transition holds a 25% free carried interest through to the completion of a Feasibility Study.Implats has communicated that it...
2020-01-20 9:27 AM EST
Transition Metals Corp Provides 2019 Year in Review and Shareholder Update
Sudbury, Ontario--(Newsfile Corp. - January 15, 2020) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to update shareholders on progress achieved during 2019 as the Company continued to add to its portfolio of multiple projects attracting over $7 million dollars in exploration funding to its projects through non-dilutive investment from its joint-venture partnerships with other companies.The Company announced several important milestones in 2019. Highlights for...
2020-01-15 9:10 AM EST
Transition Options a High Grade IOCG Copper Target Near Sudbury Ontario
Sudbury, Ontario--(Newsfile Corp. - December 23, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce the option of the Aylmer IOCG1 property, consisting of 43 mining claims covering 1,455 hectares, located north of Lake Wanapitei near Sudbury Ontario. The property lies within a north-trending, regional structural zone interpreted to be 14 to 15 kilometres wide associated with widespread soda altered rocks and occurrence of gold-copper-bearing quartz...
2019-12-23 6:53 PM EST
Transition Metals Corp. Closes Private Placement
Sudbury, Ontario--(Newsfile Corp. - December 20, 2019) - Transition Metals Corp. (TSXV: XTM) ("Transition" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement. The private placement has been over-subscribed with a total of 1,932,667 units (the "Units") at a price of $0.15 per Unit, for proceeds of up to $289,900.05 and 994,500 flow-through common shares (the "FT Shares") at a price of $0.18 per FT Share, for proceeds of up...
2019-12-20 4:43 PM EST
Transition Metals', 30% Owned Sudbury Platinum, Signs a Definitive Agreement for Reverse Take-Over Transaction with Edison Cobalt Corp
Sudbury, Ontario--(Newsfile Corp. - December 12, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition" or the "Company") announces that Sudbury Platinum Corporation (private; "SPC") has entered into a definitive arms length amalgamation agreement dated November 18, 2019 (the "Agreement") with Edison Cobalt Corp (TSXV: "EDDY"). The contemplated transaction will result in a reverse-take over of EDDY by SPC. The resulting issuer will be renamed "SPC Metals Corp" ("SPC Metals" or the...
2019-12-12 11:15 AM EST