Group Ten Metals Announces Warrant Exercises for Gross Proceeds of $2.38 Million
TSX.V: PGE
OTC: PGEZF
FSE: 5D32
1
Group Ten Metals Announces Warrant Exercises for Gross Proceeds of $2.38 Million
March 3, 2020 - Vancouver, B.C., Group Ten Metals Inc. (TSX.V: PGE; US OTC: PGEZF; FSE: 5D32) (the
“Company” or “Group Ten”) is pleased to announce that it has received total gross proceeds of $2.38 million,
since January 1, 2020, from the exercise of the remaining warrants from its February 27, 2017 financing.
Directors, management, and employees of the Company exercised 100% of their warrants, contributing $1.1
million to the proceeds and resulting in a more than 24% ownership in Group Ten on a current issued and
outstanding share basis.
Proceeds from exercise of these warrants have, and will be, directed to Group Ten Metals’ exploration programs
and general corporate purposes.
President & CEO, Michael Rowley, stated, “We very much appreciate the strong, ongoing support from our long-
term shareholders who, with these warrant exercises, have demonstrated clear recognition of the potential of
our high-quality assets and world-class teams. The Company is now well-positioned for growth with a healthy
balance sheet and 100% interest in a portfolio of high-potential, district-scale exploration properties in proven
mining districts which were acquired strategically through the low part of the metal price cycle. We look forward
to further news releases in the coming weeks as we continue to release results from our 2019 programs and
announce our plans for the year ahead, in particular with respect to our flagship Stillwater West PGE-Ni-Cu
project in Montana, USA.”
Upcoming News and Events
A news release presenting assay results from 2019 exploration work at Chrome Mountain is anticipated soon,
along with rhodium assays from select core and rock samples from across the property. Results from other work
in 2019, plus also updates on the Company’s Yukon PGE-Ni-Cu and Ontario gold projects, will also be featured
in forthcoming releases.
Group Ten is attending the 2020 Prospectors and Developers Association Convention (PDAC) in Toronto from
March 1st to 4th, based at Booth 3024 with fellow Metallic Group companies, Metallic Minerals Corp. and Granite
Creek Copper.
About Stillwater West
The Stillwater West PGE-Ni-Cu project positions Group Ten as the second largest landholder in the Stillwater
Complex, adjoining and adjacent to Sibanye-Stillwater’s Stillwater, East Boulder, and Blitz platinum group
elements (“PGE”) mines in south central Montana, USA1. The Stillwater Complex is recognized as one of the top
regions in the world for PGE-Ni-Cu mineralization, alongside the Bushveld Complex and Great Dyke in southern
Africa, which are similar layered intrusions. The J-M Reef, and other PGE-enriched sulphide horizons in the
Stillwater Complex, share many similarities with the highly prolific Merensky and UG2 Reefs in the Bushveld
Complex, while the lower part of the Stillwater Complex also shows the potential for much larger scale
disseminated and high-sulphide PGE-Ni-Cu deposits, possibly similar to Platreef in the Bushveld Complex2. Group
Ten’s Stillwater West property covers the lower part of the Stillwater Complex along with the Picket Pin PGE
Reef-type deposit in the upper portion, and includes extensive historic data, including soil and rock
geochemistry, geophysical surveys, geologic mapping, and historic drilling.
About Group Ten Metals Inc.
Group Ten Metals Inc. is a growth stage mineral exploration company focused on the development of high-
quality platinum, palladium, nickel, copper, cobalt and gold exploration assets in North American brownfields
mining districts. The Company’s core asset is the Stillwater West PGE-Ni-Cu project adjacent to Sibanye-
Stillwater’s high-grade PGE mines in Montana, USA. Group Ten also holds the high-grade Black Lake-Drayton
Gold project in the Rainy River district of northwest Ontario and the Kluane PGE-Ni-Cu project on trend with
Nickel Creek Platinum‘s Wellgreen deposit in Canada‘s Yukon Territory.
TSX.V: PGE
OTC: PGEZF
FSE: 5D32
2
About the Metallic Group of Companies
The Metallic Group is a collaboration of leading precious and base metals exploration 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, Group Ten
Metals in the Stillwater PGM-nickel-copper district of Montana, and Granite Creek Copper in the Yukon’s Minto
copper district. 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 using new models and technologies to facilitate
discoveries in these proven, but under-explored, mining districts. The Metallic Group is headquartered in
Vancouver, BC, Canada and its member companies are listed on the Toronto Venture, US OTC, and Frankfurt
stock exchanges.
Note 1: References to adjoining properties are for illustrative purposes only and are not necessarily indicative of the exploration potential,
extent or nature of mineralization or potential future results of the Company’s projects.
Note 2: Magmatic Ore Deposits in Layered Intrusions—Descriptive Model for Reef-Type PGE and Contact-Type Cu-Ni-PGE Deposits,
Michael Zientek, USGS Open-File Report 2012–1010.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Michael Rowley, President, CEO & Director
Email: [email protected] Phone: (604) 357 4790
Web: http://grouptenmetals.com Toll Free: (888) 432 0075
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 Group Ten 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 Group Ten 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.