Metallic Minerals Closes $4 Million Private Placement Financing
TSX.V: MMG | OTCQB: MMNGF
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Metallic Minerals Closes $4 Million Private Placement Financing
June 9, 2022, Vancouver, B.C., Metallic Minerals (TSX.V: MMG | US OTCQB: MMNGF) ( “Metallic Minerals”, or the
“Company”) is pleased to report that it has closed its previously announced non -brokered private placement
financing for aggregate proceeds of $4,032,000 through the issuance of 9,600,000 units at a price of $0.42 per flow-
through unit (the “Private Placement”) . Each Unit consists of one flow -through common sh are and one -half
purchase warrant where each whole warrant is exercisable into a flow -through common share for 30 months at a
price of $0.50 on the TSX Venture Exchange (“TSX-V”).
Greg Johnson, CEO and Chairman, noted, "We are pleased to complete this premium-to-market Private Placement
and to strengthen our shareholder base with new institutional investors. These new funds will be primarily directed
toward the ongoing exploration and development of our Keno Silver Project in the high -grade, Keno silver district
of Canada’s Yukon Territory. Final planning is underway for the initiation of our 2022 exploration programs at Keno
Silver, as well as at our La Plata silver-gold-copper project in Colorado, USA . We look forward to meeting with
existing and potential shareholders during PDAC 2022 in Toronto June 13-15, as well as during the Yukon Property
Tours and Conference June 20-24 in Dawson City.”
Proceeds from the Private Placement will be used toward eligible Canadian Exploration Expenses, within the
meaning of the Income Tax Act (Canada). The Private Placement is subject to the final approval of the TSX-V. The
flow-through shares will be subject to a hold period of four months and one day from their date of issuance under
applicable Canadian securities law.
The flow-through shares have not been, and will not be, registered under the U.S. Securities Act or any U.S. state
securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S.
persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities
Act and applicable U.S. state securities laws.
An officer of the Company participated in the private placement for an aggregate of 4,400 FT Units. The participation
by the insider in the private placement is considered to be a related-party transaction as defined under Multilateral
Instrument 61-101. The transaction is exempt from the formal valuation and minority shareholder approval
requirements of MI 61-101, as neither the fair market value of the securities being issued, nor the consideration
being paid exceeds 25% of the Company’s market capitalization.
Upcoming Events
PDAC 2022 – Metallic will join fellow Metallic Group members, Stillwater Critical Minerals (formerly Group Ten
Metals) and Granite Creek Copper, at PDAC in Toronto, June 13-15 (Booth IE2851).
Yukon Property Tours & Conference – Metallic will be in Dawson City June 20-24 for the 2022 Yukon Property Tours,
with President, Scott Petsel, and CEO, Greg Johnson, both visiting the Keno Silver Project for exploration planning.
About Metallic Minerals
Metallic Minerals Corp. is an exploration and development stage company, focused on silver, gold and copper in
the high-grade Keno Hill and La Plata mining districts of North America. Our objective is to create shareholder value
through a systematic, entrepreneurial approach to making exploration discoveries, growing resources and
advancing projects toward development. Metallic Minerals has consolidated the second-largest land position in the
historic Keno Hill silver district of Canada's Yukon Territory, directly adjacent to Alexco Resource Corp’s operations,
with more than 300 million ounces of high-grade silver in past production and current M&I resources. In addition,
the Company recently announced the inaugural resource estimate for the La Plata silver-gold-copper project in
southwestern Colorado. All of the districts in which the Company works have seen significant mineral production
and have existing infrastructure, including power and road access. Metallic Minerals is led by a team with a track
record of discovery and exploration success on several major precious and base metal deposits, as well as having
large-scale development, permitting and project financing expertise.
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About the Metallic Group of Companies
The Metallic Group is a collaboration of leading precious and base metals exploration and development companies,
with a portfolio of large, brownfields assets in established mining districts adjacent to some of the industry’s highest-
grade producers of silver and gold, platinum and palladium, and copper. Member companies include Metallic
Minerals in the Yukon’s high-grade Keno Hill silver district and La Plata silver-gold-copper district of Colorado,
Granite Creek Copper in the Yukon’s Minto copper district, and Stillwater Critical Minerals (formerly Group Ten
Metals) in the Stillwater PGM-nickel-copper district of Montana, USA and Kluane district in the Yukon. The founders
and team members of the Metallic Group include highly successful explorationists formerly with some of the
industry’s leading explorer/developers and major producers. With this expertise, the companies are undertaking a
systematic approach to exploration and development using new models and technologies to facilitate discoveries
in these proven, but under-explored, mining districts. Members of the Metallic Group have been recognized as
recipients of awards for excellence in environmental stewardship demonstrating commitment to responsible
resource development and appropriate ESG practices. The Metallic Group is headquartered in Vancouver, BC,
Canada, and its member companies are listed on the Toronto Venture, US OTCQB and Frankfurt stock exchanges.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Website: mmgsilver.com Phone: 604-629-7800
Email: [email protected] Toll Free: 1-888-570-4420
Forward-Looking Statements
Forward Looking Statements: This news release includes certain statements that may be deemed "forward-looking statements". All
statements in this release, other than statements of historical facts including, without limitation, statements regarding potential
mineralization, historic production, estimation of mineral resources, the realization of mineral resource estimates, interpretation of
prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of
future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government
regulation of exploration operations, environmental risks, reclamation, title, and future plans and objectives of the company are
forward-looking statements that involve various risks and uncertainties. Although Metallic Minerals believes the expectations
expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking
statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from
those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, changes in project
parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing
on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title,
availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in
receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration
or other risks detailed herein and from time to time in the filings made by the companies with securities regulators. Readers are
cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration and
development of mines is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the
forward-looking statements. For more information on Metallic Minerals and the risks and challenges of their businesses, investors
should review their annual filings that are available at www.sedar.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.