- Metal Energy (MERG) has commenced trading today on the TSX Venture Exchange
- Both of its assets, Manibridge and Strange, are highly prospective for significant nickel discoveries
- The company will begin drilling in January 2022 backed by over C$7 million in cash
- Metal Energy is an Ore Group company focused on exploring for world-class nickel, copper and PGE deposits
- Metal Energy (MERG) is up by 90 per cent trading at $0.19 per share
Metal Energy (MERG) has commenced trading today on the TSX Venture Exchange.
The company focuses on developing and discovering high-grade nickel deposits and other metals that contribute to mass electrification.
Metal Energy CEO James Sykes sat down with Caroline Egan to discuss the news.
Both of its assets, Manibridge and Strange, are located in Canada within well-established geologic environments with year-round highway access.
The Manibridge Mine Project encompasses 4,368 hectares in Manitoba’s Thompson Nickel Belt, one of the world’s richest and most prolific nickel districts.
Premised on previous mining and drilling results, the project appears to host high-tenor, high-grade nickel mineralization below and along strike. It has the potential for numerous multi-tonne, high-grade ore zones within a larger mineralized envelope. Exploration in 2019 intersected 12.06 per cent nickel from 128-129 m downhole.
The Strange Project covers 11,800 hectares southwest of Thunder Bay, Ontario. The region includes major sulphide nickel deposits hosted within strata-bound ultramafic bodies mantled by mixed sediment-volcanic sequences, which are similar to the Kambalda-type komatiitic nickel ore deposit model of Western Australia, the Raglan area of northern Quebec, the Pechenga District within the Kola Peninsula of eastern Russia, and the Thompson Nickel Belt of Manitoba.
Drill permits are in place with drilling slated to begin in January 2022.
The company is well-financed with over C$7 million in cash.
Metal Energy is an Ore Group company focused on exploring world-class nickel, copper and PGE deposits.
Metal Energy (MERG) is up by 90 per cent trading at $0.19 per share as of 10:09 am EST.
