BCM Resources Corporation Completes Non- Brokered Financing
BCM Resources Corporation Completes Non-
Brokered Financing
Vancouver, British Columbia--(Newsfile Corp. - May 28, 2025) - BCM Resources Corporation (TSXV: B)
("BCM," the "Company") is pleased to announce the completion of its previously announced non-
brokered private placement financing for gross proceeds of C$2,575,000 through the issuance of
20,600,000 Units priced at C$0.125 per Unit (the "Financing", see below for Unit details).
The sole subscriber of the Financing is a private, mining company, which views this as a strategic long-
term investment.
BCM's President and CEO, Dr. Sergei Diakov, comments,
"We are pleased to have received this
strategic investment from a successful miner
which endorses BCM management's belief that
the Thompson Knolls Porphyry Cu-Au-Ag-Mo discovery has the potential to become a world-
class deposit. The results of the in-depth scientific analysis of our drill core conducted by the
Colorado School of Mines have given our team a high level of confidence in our upcoming
drilling exploration."
Proceeds from the Financing will be used for general working capital purposes and to repay outstanding
accounts payable.
The Company intends to seek additional financing from other miners/strategic investors regarding
participation/funding to advance exploration drilling at its Thompson Knolls ("TK") project soon.
Thompson Knolls - Greenfield Porphyry Cu-Au-Ag-Mo Discovery
BCM owns a 100% interest in its flagship Thompson Knolls project, a blind greenfield porphyry Cu-Au-
Ag-Mo discovery located in west-central Utah, USA. The project comprises 225 federal unpatented lode
mining claims and two state section leases, totaling 2,242 ha (5,540 acres). Utah has recently been
ranked by the Fraser Institute as the number one jurisdiction based on the Investment Attractiveness
Index assessed worldwide. TK is located approximately 208 km southwest of Rio Tinto's Bingham
Canyon porphyry copper-gold-molybdenum mine. The TK district is uniquely positioned in a sparsely
populated region of Utah, with no environmentally sensitive areas.
To date, BCM Resources has conducted 3 phases of drilling comprising 12 drillholes, of which 7
delivered mineralized intercepts. Discovery hole TK1 intersected a porphyry copper mineralized body of
quartz monzonite porphyry (QMP) intrusive. Follow-up drilling of 11 drill holes proved that mineralized
porphyry within the Devonian age carbonate rocks (limestones and dolomites) also carries substantial
copper-gold mineralization in the magnesian garnet-pyroxene skarns surrounding QMP. Phase 3 drilling
resulted in the discovery of very encouraging Cu-Au-Ag mineralization in drill hole TK8, our best drill hole
to date.
TK8 intercepted
a
155.4 m interval of mineralized skarn from a depth of 621.8 m to 777.2
m with an average grade of 0.66% Cu, 0.12 g/t Au, and 7.4 g/t Ag, including a 21.3 m interval
containing 1.25% Cu, 0.2 g/t Au, 15 g/t Ag.
The Company is currently operating under a 10-year Plan of Operation drill permit from the U.S. Bureau
of Land Management ("BLM") and the State of Utah, received in 2023. Said permit allows the Company
to use multiple drill rigs at any one time.
Financing Details:
Each "Unit" compriseы one common share of the Company (a "Share") and one Share purchase
warrant (a "Warrant"). Each Warrant entitles the holder to purchase one additional Share at an exercise
price of C$0.25 for a period of one year from the date of issue.
The securities issued pursuant to this private placement are subject to a four-month hold period from the
date of issue. The Company is not paying any finder's fees in connection with the Financing.
In connection with the Financing, BCM has granted the subscriber certain rights with respect to the
Company, including a pre-emptive right to participate in future equity issuances to maintain their
ownership level in BCM, subject to certain conditions, so long as the subscriber's ownership level in
BCM, calculated on an undiluted basic basis, is not less than 3.0% of the issued and outstanding
common shares of the Company.
Warrants issued under this Financing are subject to limitations on exercise by the subscriber to prevent
the Warrant holder's shareholdings in BCM from exceeding 9.9% on undiluted basis.
The Company and the subscriber have a common insider and therefore the Company
is considered a
non-arm's length party under applicable policies of the TSX Venture Exchange.
About BCM Resources Corporation:
BCM Resources Corporation is a diversified Canadian mineral exploration company focused on the
continued exploration of its flagship Thompson Knolls Porphyry Cu-Au-Ag-Mo project, in Utah's Great
Basin, one of the premier metallogenic provinces in the world. The Company also controls prospective
copper, gold, and molybdenum exploration projects in British Columbia and is managed by experienced
and successful board members, technical team, and advisors. For further information, including area
maps, sections, and photos, please visit our website.
Qualified Person:
Rick Redfern, MSc Geology is a "qualified person" for the purposes of the National Instrument 43-101
Standards of Disclosure for Mineral Projects (NI- 43-101), and he has reviewed and approved the
technical information contained in this News Release.
ON BEHALF OF BCM RESOURCES CORPORATION
Sergei Diakov
President and Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT:
+1 (604) 646-0144, ext. 222
www.bcmresources.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Caution Concerning Forward-Looking Statements:
Certain statements contained in this press release constitute forward-looking information. These
statements relate to future events or future performance. Forward-looking statements in this press
release include statements with respect to the Thompson Knolls Porphyry discovery having the potential
to become a world-class deposit, the Company seeking additional financing from other miners/strategic
investors investors to advance exploration drilling at its TK project soon,
use of proceeds from the
Financing and estimates and statements that describe the Company's future plans, objectives or goals,
including words to the effect that the Company or management expects a stated condition or result to
occur. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated"
and similar expressions and statements relating to matters that are not historical facts are intended to
identify forward-looking information and are based on the Company's current belief or assumptions as to
the outcome and timing of such future events including, among others, assumptions about future prices
of gold, silver, copper and other metal prices, currency exchange rates and interest rates, favourable
operating conditions, political stability, obtaining government approvals and financing on time,
uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on
acceptable terms; changes in planned work resulting from weather, logistical, technical, governmental,
social, or other factors; the possibility that results of work will not fulfill expectations and realize the
perceived potential of the Company's projects; uncertainties involved in the interpretation of sampling
and drilling results and other tests; the possibility that required permits and access agreements may not
be obtained in a timely manner; risk of accidents, equipment breakdowns or other unanticipated
difficulties or interruptions, and; the possibility of cost overruns or unanticipated expenses in these
exploration programs. The Company cautions that all forward-looking statements are inherently
uncertain, and that actual performance may be affected by a number of material factors, many of which
are beyond the Company's control. Such factors include, among other things: risks and uncertainties
relating to the actual results of current exploration activities, the uncertainties related to resources
estimates; the uncertainty of estimates and projections in relation to production, costs and expenses;
risks relating to grade and continuity of mineral deposits; the uncertainties involved in interpreting drill
results and other exploration data; the potential for delays in exploration or development activities,
uncertainties relating to the availability and costs of financing needed in the future and regulatory
restrictions, including environmental regulatory restrictions, and those risks set out in the filings on
SEDAR made by the Company with securities regulators. Although the Company believes that the
assumptions and factors used in preparing the forward-looking information in this corporate press
release are reasonable, undue reliance should not be placed on such information, which only applies as
of the date of this news release, and no assurance can be given that such events will occur in the
disclosed time frames or at all. The Company expressly disclaims any intention or obligation to update
or revise any forward-looking statements whether as a result of new information, future events or
otherwise, other than as required by applicable securities legislation.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/253605