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September 01, 2020 1:32pm
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Metallic Minerals get major financing as mining giant Newcrest makes strategic investment

--News Direct--

Metallic Minerals president Scott Petsel joined Steve Darling from Proactive to share news the company has added mining giant Newcrest as a key shareholder.

Petsel telling Proactive Newcrest has made a $6.3 million investment, taking a 9.5% investment. The money is expected to be used to move the La Plata project along. Preparations are underway for a first phase resource expansion drill campaign starting in June and will focus focused on extending the high-grade copper and precious metals mineralization announced in February of this year.

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