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Transition Metals Corp. (V:XTM)

Business Focus: Gold Mining

Feb 28, 2024 08:00 am ET
Transition Metals Attending PDAC, Strengthens Board Post-AGM
Sudbury, Ontario--(Newsfile Corp. - February 28, 2024) - Transition Metals Corp. (TSXV: XTM) ("Transition", "the Company") is pleased to announce the results of its annual general meeting of shareholders held on February 21, 2024 in Toronto, Ontario (the "Meeting"). Transition's shareholders voted in favour of each of the matters considered at the Meeting, including: electing each of Scott McLean, P.Geo., Jason Marks, Thomas Atkins, Brian Montgomery and Jordan Black, P.Eng., as directors of the Company to hold office for the ensuing year, appointing McGovern Hurley, LLP as the Company's auditors for the ensuing year and authorizing the board of directors to set the auditors remuneration, and approving Transition's Omnibus Equity Compensation Incentive Plan.
Jan 17, 2024 07:00 am ET
Transition Metals Strengthens Team and Sets Stage for Promising 2024
Sudbury, Ontario--(Newsfile Corp. - January 17, 2024) - Transition Metals Corp. (TSXV: XTM) ("Transition", "the Company") is pleased to provide a summary of accomplishments in 2023 and to provide guidance regarding plans for the coming year. Key 2023 Achievements:
Nov 20, 2023 07:40 am ET
Transition Metals Provides an Update on Its Pike Warden Project and Will Present Results at the Yukon Geoscience Forum & Trade Show
Sudbury, Ontario--(Newsfile Corp. - November 20, 2023) - Transition Metals Corp. (TSXV: XTM) ("Transition", "the Company") is pleased to provide an update regarding results from sampling conducted in September 2023 on its Pike Warden project ("the Property") located 65km southwest of Whitehorse, Yukon.
Oct 24, 2023 07:05 am ET
Transition Metals Provides Update on Remote Sensing and Field Programs at the Pike Warden Project, Yukon
High-resolution LiDAR, orthophotography, and multispectral satellite alteration mapping products highlight new prospective hydrothermal alteration trends focused along major structures
Sep 11, 2023 08:00 am ET
Transition Metals Discovers Additional High Grade Polymetallic Mineralized Zones, and Provides Exploration Update for the Pike Warden Project, Yukon
Sudbury, Ontario--(Newsfile Corp. - September 11, 2023) - Transition Metals Corp. (TSXV: XTM) ("Transition", "the Company") is pleased to provide an update regarding recent exploration work completed on its Pike Warden project ("the Property") located near Whitehorse, Yukon. The Company's exploration team, in conjunction with support provided by Archer, Cathro & Associates (1981) Limited, collected a total of 116 rock samples (grab and float samples) and 109 soil samples in July. In addition, remote sensing survey activities previously announced in a press release dated June 24, 2023, have been completed.
Jul 24, 2023 11:07 am ET
Transition Metals announces crews are on the ground at the Pike Warden Project starting field work
Transition Metals chief operating officer Greg Collins joined Steve Darling from Proactive on site at the Pike Warden Project to share exciting news about their exploration activities.
Jul 24, 2023 07:15 am ET
Transition Metals Commences Hyperspectral and LiDAR Surveys on Pike Warden Project in the Yukon, and Mobilizes Field Crews
Sudbury, Ontario--(Newsfile Corp. - July 24, 2023) - Transition Metals Corp. (TSXV: XTM) ("Transition", "the Company") is pleased to announce the commencement of a comprehensive remote sensing program, comprised of hyperspectral and LiDAR surveys on its Pike Warden project ("the Property") located near Whitehouse, Yukon. In addition, the Company's field crews have mobilized to initiate a program of mapping, sampling, and hand trenching activities on select targeted areas.
Jul 19, 2023 11:28 am ET
Transition Metals shares results from ground electromagnetic survey at Maude Lake Property
Transition Metals CEO Scott McLean joined Steve Darling from Proactive to share some exciting updates about the company's Maude Lake Property in Ontario. The company recently completed a comprehensive ground fixed loop electromagnetic survey on the property, aiming to gain insights into the subsurface geology and potential mineralization.
Jul 19, 2023 08:06 am ET
Transition Metals Completes Ground Fixed Loop Electromagnetic Survey and Receives OJEP Grant Funding for Maude Lake Project, Ontario
Sudbury, Ontario--(Newsfile Corp. - July 19, 2023) - Transition Metals Corp. (TSXV: XTM) ("Transition", "the Company") is pleased to announce the successful completion of a comprehensive ground fixed loop electromagnetic (EM) survey on its Maude Lake Property ("the Property") near Schreiber, Ontario. Furthermore, we are delighted to announce that Transition has received an Ontario Junior Exploration Program (OJEP) grant from the Ontario Government to support our ongoing exploration efforts.
Jun 19, 2023 11:29 am ET
Transition Metals completes financing as company looks to a busy summer at two key projects
Transition Metals CEO Scott McLean shared with Steve Darling from Proactive the company has completed its financing bringing in over $1million to the treasury.
Jun 19, 2023 07:26 am ET
Transition Metals Corp. Closes $1,000,000 Private Placement
Sudbury, Ontario--(Newsfile Corp. - June 19, 2023) - Transition Metals Corp. (TSXV: XTM) ("Transition" or the "Company") is pleased to announce that it has closed its previously announced non-brokered, listed issuer financing exemption private placement. A total of 9,770,750 units were issued, for proceeds of $1,000,014 which included 1,897,000 units (the "Units") at a price of $0.08 per Unit for gross proceeds of $151,760; 4,250,000 flow through units (the "FT Units") at a price of $0.10 per FT Unit for aggregate proceeds of $425,000 and; 3,623,750 special flow through units in the capital of the Corporation (the "Special FT Units") at a price of $0.1168 per Special FT Unit for aggregate proceeds of $423,254 (collectively, the "Private Placement"). Units, FT Units and Special FT Units consist of a common share (each a "Common Share") and a half (½) common share purchase warrant. Each full warrant will entitle the holder to purchase one additional Common Share for a period of 24 months from closing at a price of $0.15.
Jun 06, 2023 11:52 am ET
Transition Metals work at Jolly Gold Property in Ontario identifies large gold exploration target
Transition Metals CEO Scott McLean shared with Steve Darling from Proactive the company has released interpretation of results from field work that was completed at the Jolly Gold property near Thunder Bay, Ontario. The company completing a 1,159 sample MMI soil survey covering approximately a third of the property, detailed structural mapping and sampling of four trenches.
Jun 06, 2023 08:05 am ET
Transition Metals Identifies a Large Gold Exploration Target Associated with a Camp Scale Extension of the Beardmore-Geraldton Greenstone Belt, Ontario
Sudbury, Ontario--(Newsfile Corp. - June 6, 2023) - Transition Metals Corp. (TSXV: XTM) ("Transition", "the Company") is pleased to provide an interpretation of results from field work completed at the Company's 100% owned and optioned Jolly Gold property, located a one hour drive north of Thunder Bay, Ontario (Figure 1). Work completed in 2021 and 2022 has identified a large gold exploration target, which demonstrates the potential for a camp scale extension to this highly prospective mineralized region west of Lake Nipigon.
May 10, 2023 06:50 am ET
Transition Metals announces financing as company looks to Maude Lake and Pike Warden exploration
Transition Metals CEO Scott McLean shared with Steve Darling from Proactive the company is looking to go the markets for $1 million in financing to fuel its exploration efforts in Ontario and the Yukon.
May 09, 2023 07:15 am ET
Transition Metals Corp. Announces up to $1,000,000 Private Placement
Sudbury, Ontario--(Newsfile Corp. - May 9, 2023) - Transition Metals Corp. (TSXV: XTM) ("Transition" or the "Company") is pleased to announce that it intends to raise a minimum of $500,000 and up to an aggregate of $1,000,000 by way of a non brokered private placement (the "Offering"). The Offering will consist of up to 4,000,000 Flow Through Units (the "FTU") at a price of $0.10 per Unit, for proceeds of up to $400,000; up to 3,424,658 Charity Flow Through Units (the "CFU") at a price of $0.1168 per Unit, for proceeds of up to $400,000; and 2,500,000 Hard Dollar Units (the "HDU") at a price of $0.08 per Unit for proceed of up to $200,000. All Units (FTU, CFU, HDU) will consist of a common share and a half warrant. Each full warrant entitles the investor to purchase a common share in the Company at anytime for $0.15 for a period of 2 years. The Company may re-allocate among FTU, CFU and HDU depending on market demand. The initial Purchasers of the CFU may subsequently donate such CFU to registered charitable organizations, who may in turn choose to sell such CFU Units (the "Re-Offered Units") to purchasers at a price of $0.08 per Re-Offered Unit (the "Re-Offer Price") or sell such Re-Offered Units to purchasers at the Re-Offer Price. The Company will not be a party to any such arrangements. A finder's fee may be paid in connection with the Offering to finders, as determined by mutual agreement between the Corporation and the finders and subject to regulatory approval. The finders' fee will consist of 6% cash for Units sold to investors introduced by such finders, and non transferable share purchase warrants equal to 6% of such CFU, FTU or HDU sold to investors ("Compensation Warrants"). The Compensation Warrants will permit the purchase of one common share in the capital of the Company for 24 month from closing at a price of $0.15.
Apr 25, 2023 07:02 am ET
Transition Metals borehole electromagnetic survey detects large untested off-hole conductor
Transition Metals CEO Scott McLean joined Steve Darling from Proactive to provide insight into results from a borehole electromagnetic survey completed on the Maude Lake Property. The survey was done from hole ML-22-03 at a depth of 160 metres downhole.
Apr 20, 2023 09:31 am ET
Transition Metals receives permit for exploration at the Pike Warden Project in the Yukon
Transition Metals CEO Scott McLean joined Steve Darling from Proactive to share news the company has been granted a Quartz Class 1 Notification for the Pike Warden project from the Yukon Government. This permit allows it to begin prospecting, geological mapping, hand trenching, and reverse circulation (RC) drilling.
Mar 31, 2023 05:54 am ET
Transition Metals puts out a congratulatory note for success of spinout SPC Nickel
Transition Metals CEO Scott McLean joined Steve Darling from Proactive to share his congratulations to SPC Nickel. SPC was formed as a spin-out of Transition Metals, which still holds 9.3 million shares.
Mar 03, 2023 10:12 am ET
Transition Metals provides update on 2023 exploration plans at Pike Warden project in Yukon
Transition Metals CEO Scott Mclean joined Steve Darling from Proactive to share news about the company's plans for the 2023 field season at its Pike Warden gold-silver-copper property, southwest of Whitehorse in Yukon.
Feb 28, 2023 08:17 am ET
Transition Metals Announces Results of Annual General Meeting
Sudbury, Ontario--(Newsfile Corp. - February 28, 2023) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce the results of voting at its Annual General Meeting of Shareholders ("AGM") held Friday, February 24, 2023 in Toronto, Canada
Feb 21, 2023 07:00 am ET
Presenting on the Emerging Growth Conference on February 22 Register Now
EmergingGrowth.com a leading independent small cap media portal announces the schedule of the 50th Emerging Growth Conference on February 22, 2023. The Emerging Growth Conference identifies companies in a wide range of growth sectors, with strong...
Feb 13, 2023 10:00 am ET
Transition Metals options Homathko Property to Aurum Lake Mining
Transition Metals Corp CEO Scott McLean joined Steve Darling from Proactive to share news the company is moving along its 100% interest in the Homathko Gold Project located in British Columbia to Aurum Lake Mining Corp.
Feb 10, 2023 06:43 am ET
Transition Metals Options Homathko Property to Aurum Lake Mining Corp. and Engages IR Services
Sudbury, Ontario--(Newsfile Corp. - February 10, 2023) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that it has entered into an Option Agreement with Aurum Lake Mining Corporation ("Aurum") to exercise an option to obtain 100% interest of the Company's rights to certain mineral claims known as the Homathko Gold Project (the "Property"), located in the Cariboo Region of the Province of British Columbia.
Jan 20, 2023 03:00 pm ET
Transition Metals expecting busy 2023 as company looks to rev up its generator model
Transition Metals CEO Scott McLean joined Steve Darling from Proactive to share news the company plans to be very busy out meeting investors and fellow mining companies as it starts attending shows, including a big one in Vancouver. McLean talks about the message he is bringing with him to the Roundup show and also about plans for 2023.
Jan 20, 2023 07:23 am ET
Transition Metals to Host Webcast to Discuss Drill Results From its Pike Warden Au-Ag-Cu Project and Announces Participation at AME Roundup 2023
Sudbury, Ontario--(Newsfile Corp. - January 20, 2023) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that it has scheduled a live webcast to discuss a detailed analysis of the drill results from the Pike Warden Au-Ag-Cu Project.
Nov 28, 2022 09:37 am ET
Transition Metals Intersects 20.01 Metres Averaging 0.5 % Ni Eq, Including 4.00 Metres Averaging 0.9 % Ni Equivalent at Maude Lake Project, Schreiber, Ontario
Sudbury, Ontario--(Newsfile Corp. - November 28, 2022) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to report assays from the drilling completed this fall at its Maude Lake Property located 10km north of Schreiber, Ontario (Figure 1). The drill program was completed this September and consisted of 3 NQ size diamond drill holes for a total of 561 metres. The drilling targeted an approximate 300x500 metre VTEM conductor, (see news release dated Sept. 12, 2022) interpreted based on work completed this summer by the Transition team to be an offset down dip extension of mineralization exposed at surface. Figure 2 is plan map of the drilling while Figure 3 is a geological cross section. Table 1 presents significant results and Table 2 lists collar coordinates and orientation information. Highlights are as follows:
Oct 19, 2022 07:32 am ET
Transition Mobilizes Drill to the Pike-Warden Property, Yukon, to Test High Grade Silver Showing
Sudbury, Ontario--(Newsfile Corp. - October 19, 2022) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") reports that it has mobilized a RC drill to complete three holes to further evaluate the extent and vertical continuity of mineralization identified this summer at the ERT Zone (see company news release dated October 5, 2022). Hand trenching at the ERT Zone in July returned 42 metres grading 64.28 g/t Ag Eq*, including 7.80 metres grading 170.63 g/t Ag Eq with higher grade intervals of 0.70 metres grading 539.72 g/t and 0.4 m grading 563.97 g/t Ag Eq.
Oct 05, 2022 08:00 am ET
Transition Sampling Returns 1,215 g/t Silver and Confirms Multiple Zones of High-Grade Silver and Gold Mineralization at The Pike-Warden Property, Yukon and Issues Stock Options
Sudbury, Ontario--(Newsfile Corp. - October 5, 2022) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce surface sampling results from work completed earlier this summer on the Pike Warden Au-Ag- Cu Property located approximately 65 kilometres southwest of Whitehorse (see Figure 1). Of significance, a broad exposure with elevated silver values was exposed by hand trenching at the ERT Zone that Company geologists interpret as having characteristics of a high-level expression of a high sulphidation epithermal Ag-Au system. Epithermal Au-Ag deposits are found throughout the Cordilleran and are an important deposit type world-wide because of their typical high grade "bonanza"-style mineralization. These deposits are typically found with centres of magmatism and volcanism.
Sep 12, 2022 08:30 am ET
Transition Metals Reports 17 Metres Grading 0.46 % Ni Including 4.26 Metres Grading 1.27 % Ni from Summer Channel Samples and Commences Diamond Drilling at Its Maude Lake Project near Schreiber, Ontar
Sudbury, Ontario--(Newsfile Corp. - September 12, 2022) - Transition Metals Corp (TSXV: XTM ) ("Transition", "the Company") is pleased to present channel sampling results from summer field work on its Maude Lake Property located near Schreiber, Ontario (Figure 1). A total of 13 channel samples were taken over a strike length of 45 metres on the main surface mineralized area. The Company will be shortly mobilizing a diamond drill to site to test a major conductivity feature measuring 300 by 500 metres that is associated with the potential extension of the high tenor surface mineralization.
Aug 17, 2022 08:00 am ET
Transition Metals Initiates Diamond Drilling at Its Aylmer Cu-Au Project, Sudbury Area, Ontario
Sudbury, Ontario--(Newsfile Corp. - August 17, 2022) - Transition Metals Corp (TSXV: XTM) ("Transition", "XTM") is pleased to announce that drilling has commenced at its Aylmer project consisting of 119 mining claims covering 3,312 hectares north of Lake Wanapitei approximately 50 kilometers northeast of Sudbury, Ontario.
Jul 19, 2022 08:00 am ET
Transition Metals Provides Update on Field Programs in Ontario
Sudbury, Ontario--(Newsfile Corp. - July 19, 2022) - Transition Metals Corp (TSXV: XTM) ("Transition", "XTM, or "Company") is pleased to provide an update regarding field activities on three of the projects it is currently advancing in Ontario. Crews were deployed in late May to the Maude Lake Ni-Cu-Co-PGM project and in June to the Jolly Gold project, both located in northwestern Ontario. Crews are now being mobilized at the Aylmer Cu-Au project near Sudbury, Ontario in preparation for drilling.
Jun 10, 2022 08:30 am ET
Transition Metals Attending the PDAC Conference; Projects Available for Option & Purchase
Sudbury, Ontario--(Newsfile Corp. - June 10, 2022) - Transition Metals Corp (TSXV: XTM) ("Transition", the "Company") announces that it will attend the Prospectors and Developers of Canada conference (PDAC) in Toronto, Ontario between June 13 & 15. Scott McLean (Chief Executive Officer), Greg Collins (Chief Operating Officer) and Tom Hart (Vice President of Exploration) will be available to meet with investors and potential partners upon request.
May 31, 2022 08:00 am ET
Transition Metals to Explore Highly Conductive Features on Its Maude Lake Ni-Cu-Co-PGM Property, Ontario
Sudbury, Ontario--(Newsfile Corp. - May 31, 2022) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that it has initiated a field programme to confirm airborne geophysical targets for drill-testing on its Maude Lake Property located near Schreiber, Ontario (Figure 1).
May 04, 2022 09:30 am ET
Transition Metals Highlights Prospective Base and Precious Metal Properties in Newfoundland
Sudbury, Ontario--(Newsfile Corp. - May 4, 2022) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to provide an update on projects it is developing in Newfoundland.
Apr 26, 2022 08:00 am ET
Transition Metals Reports the Return of the Gowganda Cobalt Property
-High Grade Silver Intercepts Returned from Drilling on Transition's Gowganda Property-
Apr 06, 2022 06:40 pm ET
Transition Metals Announces Results of the Annual and Special General Meeting of Shareholders
Sudbury, Ontario--(Newsfile Corp. - April 6, 2022) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce the results of the Annual and Special General Meeting of Shareholders held on February 24, 2022 (the "Meeting").
Mar 09, 2022 08:00 am ET
Transition Metals Completes VTEM Airborne Geophysical Survey; Conductors Identified Adjacent to Mineralized Showings at its Maude Lake Ni-Cu-Co-PGM Property, Ontario
Sudbury, Ontario--(Newsfile Corp. - March 9, 2022) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that it has completed a 350 line-kilometre airborne, Versatile Time Domain Electromagnetic (VTEM) and Magnetic (Mag) geophysical survey over its Maude Lake Property located near Schreiber, Ontario (Figure 1). The survey was completed to determine if conductive signatures were associated with known high-grade, magmatic, Ni-Cu-Co-PGM mineralization where channel samples collected by the Company in 2019 returned values of up to 5.22% Ni and up to 2.03 % Cu (see Company news release of October 15, 2019).
Feb 01, 2022 08:30 am ET
Project Generator Transition Metals Sells Its Mongowin Project for Cash, Shares and A, NSR Royalty
Sudbury, Ontario--(Newsfile Corp. - February 1, 2022) - Transition Metals Corp (TSXV: XTM) ("Transition", the "Company") is pleased to announce that the Company has sold its 100% interest in the Mongowin project to McFarlane Lake Mining ("MFM"), a corporation that trades on the NEO Exchange under the symbol MFM. The property is located approximately 13 kilometres south of Espanola, Ontario and 70 kilometres southwest of Sudbury and is adjacent to MFM's past gold producing McMillan property. The Mongowin Township property is comprised of 122 mining and three patented claims, totaling 2,605 hectares (the "Property").
Dec 08, 2021 08:31 am ET
Transition Metals Reports Multi-Element Geochemical Anomalies on Its Jolly Gold Property, Beardmore-Geraldton Greenstone Belt, Western Extension, Ontario
Sudbury, Ontario--(Newsfile Corp. - December 8, 2021) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce results from an orientation Mobile Metal Ion (MMI) survey on its Jolly Gold property that covers the western extension of the prolific Beardmore-Geraldton Greenstone Belt (BGB) (Figure 1). The survey results highlight large, 300 m long, multi-element geochemical anomalies proximal to the Fat Beagle gold showing where channel sampling returned assays up to 146.5 g/t Au over 0.41 m, and 24.4 g/t Au over 0.61 m (see October 19th, 2021 news release). Additionally, 1.3 kilometres to the east, near historical Trench 2, 2020 grab sampling returned 3.96 g/t Au, 7.9 g/t Ag and 0.64% Cu (see November 24th, 2020 news release).
Nov 18, 2021 09:00 am ET
Transition Discovers New Gold Showing, and Completes Transfer of the Cryderman Leases, Shining Tree Gold Camp, Ontario
Sudbury, Ontario--(Newsfile Corp. - November 18, 2021) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that sampling completed as part of the summer 2021 prospecting programme has resulted in the discovery of a new gold showing on the Cryderman property. The best value returned was 6.18 g/t Au from a total of 52 grab samples submitted for analysis. The new showing is associated with a 15-20 centimetre wide south-trending crack seal quartz-carbonate vein on the margin of a northwest-trending magnetic feature approximately 500 metres northwest along trend of the south-trending Queen Elizabeth vein where 2019 trenching results returned gold values up to 15.7 g/t Au over 0.49 metres (see press release May 10th 2021)(Figure 1).
Oct 19, 2021 08:01 am ET
Transition Reports High Grade Au Mineralization on the Western Extension of Beardmore-Geraldton Greenstone Belt, Ontario
Sudbury, Ontario--(Newsfile Corp. - October 19, 2021) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce its summer prospecting and sampling work continues to support the interpretation that its Jolly Gold property covers the western extension of the prolific Beardmore-Geraldton Greenstone Belt (BGB) (Figure 1). The property covers a sulphide-facies iron formation that caps the northern assemblage of mafic metavolcanic flows overlain by intermediate pyroclastics. Gold deposits elsewhere in the BGB, such as the 4.5 Moz I&I Hardrock deposit¹ under development by Greenstone Gold near Geraldton, are considered classic examples of epigenetic, non-stratiform, banded iron formation-hosted gold deposits. Other notable deposits within the BGB include the Brookbank (0.6 Moz M&I)², the Sand River and Leitch Mine (past production of 0.9 Moz)³, the Northern Empire Mine and Sturgeon River Mine.
Oct 04, 2021 08:06 am ET
Bonanza-Grade Gold Showing on Transition Metals' Gowganda Gold Property
Sudbury, Ontario--(Newsfile Corp. - October 4, 2021) - Transition Metals Corp (TSXV: XTM) ("Transition", the "Company") is delighted to announce results from the initial prospecting and sampling program on the newly acquired claims forming part of the Gowganda Gold project (see press release March 24th, 2021). Recent results from grab samples returned high-grade, gold analyses of 18.6-269.0 g/t gold (Au) from one showing and the discovery of four new copper (Cu) showings ranging from 0.24-2.30% Cu (see Figure 1, Table 1).
Sep 21, 2021 08:00 am ET
Transition Metals Appoints Chief Financial Officer
Sudbury, Ontario--(Newsfile Corp. - September 21, 2021) - Transition Metals Corp. (TSXV: XTM) ("Transition", "the Company") is pleased to announce that it has appointed Carmelo Marrelli as the Company's Chief Financial Officer.
Aug 30, 2021 08:10 am ET
Transition Provides Update on Summer Exploration Programs on Key Projects in Ontario, Saskatchewan and Newfoundland
Sudbury, Ontario--(Newsfile Corp. - August 30, 2021) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to provide an update on exploration programs underway on key projects in Ontario, Saskatchewan and Newfoundland.
Jul 28, 2021 07:15 am ET
Transition Metals Deeply Regrets the Passing of CFO Christopher Chadder
Sudbury, Ontario--(Newsfile Corp. - July 28, 2021) - Transition Metals Corp (TSXV: XTM) ("Transition", the "Company") is saddened to report the sudden passing of Chief Financial Officer Christopher Chadder. Chris has been part of the Transition management team since 2013. He helped build the Company and was instrumental in the founding and spin out of both Sudbury Platinum Corp (now SPC Nickel) and Canadian Gold Miner (private) having served as the initial CFO of both spinout companies. In addition to his CFO duties with the Company, Chris remained a director of Canadian Gold Miner and a key advisor to SPC Nickel until his passing.
Jun 14, 2021 08:17 am ET
Transition Metals Enters into Binding Letter of Intent for the Sale of Its Mongowin Gold Property, Ontario
Sudbury, Ontario--(Newsfile Corp. - June 14, 2021) - Transition Metals Corp (TSXV: XTM) ("Transition", the "Company") is pleased to announce that the Company has entered into a binding letter of intent ("LOI") entitling McFarlane Lake Mining Incorporated ("MFM") to purchase a 100% interest in 122 mining claims and 3 patents covering 2,605 hectares in Mongowin Township approximately 20 kilometres South of Espanola, Ontario. The property is comprised of 112 staked claims, three mining patents and 10 purchased mining claims for a total of 2,605 hectares (the "Property"). The 10 purchased mining claims have an underlying royalty agreement that will be assigned to MFM. The underlying royalty agreement grants the previous owner a 1% net smelter return royalty ("NSR") of which Transition retains the right to purchase 0.5% NSR at any time for $600,000.
May 19, 2021 08:00 am ET
Transition Metals Embarks on Aggressive Summer Field Exploration Programs on Major Projects in Ontario, Saskatchewan and Newfoundland
Sudbury, Ontario--(Newsfile Corp. - May 19, 2021) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce the commencement of field work on 5 of the Company's priority projects located in Ontario, Newfoundland and Saskatchewan. Company crews have commenced field work in the Sudbury area with plans to move into northwestern Ontario, and Saskatchewan later this summer. The Company is also planning to complete an airborne magnetic survey over the Duntara Copper project in Newfoundland this summer.
May 11, 2021 09:45 am ET
Transition Vests 100% Interest in Cryderman Property Located in the Heart of the Shining Tree Gold Camp, Ontario
Sudbury, Ontario--(Newsfile Corp. - May 11, 2021) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that it has secured a 100% interest in the Cryderman property located in southwest Macmurchy Township, Larder Lake Mining District, Ontario. The property consists of six mining and surface rights leases, totaling approximately 106 hectares which host a system of quartz veining partially exposed around a 40 foot (12.2m) deep historical shaft sunk in 1917 to explore the Queen Elizabeth vein.
Apr 08, 2021 08:10 am ET
Transition Metals Plans Aggressive Exploration of Its Jolly Gold Project in an Extension of the Beardmore-Geraldton Greenstone Belt
Sudbury, Ontario--(Newsfile Corp. - April 8, 2021) - Transition Metals Corp (TSXV: XTM) ("Transition", "XTM", "the Company") is pleased to announce exploration activities commencing with a high-resolution airborne magnetic survey over its newly acquired Jolly Gold project approximately 75 kilometres north of Thunder Bay, Ontario. The Company has contracted New-Sense Geophysics Limited to conduct the 1,066 line kilometre survey at 50 metre spacing over the entire 4,560 hectare property.
Mar 29, 2021 08:00 am ET
Transition Acquires New Gold Opportunity in the Thompson Plateau near Vernon, B.C.
Sudbury, Ontario--(Newsfile Corp. - March 29, 2021) - Transition Metals Corp (TSXV: XTM) ("Transition" or "XTM") is pleased to announce that the Company has identified an intriguing underexplored gold opportunity near the eastern margin of the prolific Quesnel Trough, close to Vernon, British Columbia. The Company has executed a binding letter of intent with Underhill Exploration Ltd ("Underhill" or "Optionor") to option its property and has staked an additional 4,300 hectares of adjacent mineral claims. The Underhill property covers the Blackhawk Prospect which encompasses the historic East Showing (historic channel sample: 11.3 g/t gold and 12.1 g/t silver across 2.2 metres), the West Showing (historic chip sample; 16.0 g/t gold across 1.2 metres) and the Quartz Showing (historic channel sample: 4.6 g/t gold over 2 metres)1.1 - MINFILE Detail Report 082LSW007, BC Geological Survey
Mar 24, 2021 10:12 am ET
Transition Increases Its Exposure to Gold by Amending Its Gowganda Agreement with Battery Mineral Resources
Sudbury, Ontario--(Newsfile Corp. - March 24, 2021) - Transition Metals Corp (TSXV: XTM) ("Transition", the "Company") announces that the Company has amended its agreement with Battery Minerals Resources Corp (TSXV: BMR ) ("Battery"). The amendment allows for BMR to focus its earn-in efforts on portions of the property under option from Transition considered to be more favourable for hosting silver and cobalt mineralization while facilitating the return of portions of the property considered more favourable for hosting gold to Transition. Under the amended agreement, the Company has waived the expenditure requirement for the second-year option and removed the requirement for Battery to expend funds on gold exploration going forward. The consideration received by Transition includes a $300,000 cash payment (paid), the return of its Gowganda Gold property totaling 968 hectares with two years of good standing and the assignment of the additional contiguous Battery claims totaling 4,011 hectares with one-year good standing (see Figure 1). The assigned Battery claims include a 1% net smelter return royalty held by Battery.
Mar 09, 2021 08:57 am ET
Transition Metals Congratulates Spinout Company SPC Nickel Corp on its Commencement of Trading on the TSX Venture Exchange
Sudbury, Ontario--(Newsfile Corp. - March 9, 2021) - Transition Metals Corp (TSXV: XTM) ("Transition", the "Company") is pleased to announce SPC Nickel Corp (TSXV: SPC) ("SPC Nickel"), a battery metals company focused on nickel and copper exploration in the Sudbury Basin, commenced trading on the TSX Venture Exchange under the ticker SPC on March 8.
Feb 24, 2021 08:10 am ET
Transition Metals Declares Dividend-In-Kind of Shares Held in SPC Nickel Corp.
Sudbury, Ontario--(Newsfile Corp. - February 24, 2021) - Transition Metals Corp (TSXV: XTM) ("Transition", the "Company") is pleased to announce that its board of directors has declared a special dividend-in-kind (the "Dividend") of a portion of the common shares of SPC Nickel Corp. ("SPC Nickel") held by the Company to the Company's shareholders of record as at March 3, 2021 (the "Record Date"). Each holder of the Company's common shares on the Record Date will receive 0.1 of an SPC Nickel share (each whole SPC Nickel share, a "SPC Nickel Share") for each one Transition share held by the Transition shareholders. Shareholders will not receive fractional shares. It is anticipated that the Dividend will be paid on or about March 17, 2021.
Feb 22, 2021 08:00 am ET
Transition Metals Provides Corporate Update and Commences Drilling on its Sawmill Property, Sudbury Area, Ontario
Sudbury, Ontario--(Newsfile Corp. - February 22, 2021) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that the Board of Directors, all of whom were re-elected at Tuesday's Shareholder Annual General Meeting, recently approved the 2021 budget totalling $2,500,000. The plan includes exploration on 5 of the Company's priority projects, acquisition and development of 2 to 3 new quality projects, and continued efforts to negotiate new joint venture agreements with potential partners to fund advanced exploration on the projects available for option. As part of the overall program, the Company is also pleased to announce the commencement of drilling on its Sawmill property located in the Benny Greenstone Belt, 70 km north of Sudbury, to test gold targets highlighted by recent bedrock grab and channel sampling announced on January 14, 2021.
Jan 18, 2021 11:54 am ET
Jan 14, 2021 10:04 am ET
Transition Discovers New Showing Hosting up to 38.7 g/t Gold at the Sawmill Au-Cu Property, Sudbury Area Ontario
Sudbury, Ontario--(Newsfile Corp. - January 14, 2021) - Transition Metals Corp. (TSXV: XTM) ("Transition", "the Company") is pleased to announce the discovery of a new high-grade gold occurrence (the JBM Showing) on its Sawmill property. Grab samples collected by Transition in late November, 2020 at the JBM showing returned high-grade assays of 38.7 g/t Au and 30.7 g/t Au (Table 1, Figure 2). Encouraging gold results were also returned from grab sampling at four other areas on the property that were followed up on with channel sampling before winter conditions halted further sampling. Highlights from the channel sampling are presented below in (Table 2).
Jan 05, 2021 08:00 am ET
Project Generator Transition Metals Grants an Option on Its Island Copper Project
Sudbury, Canada--(Newsfile Corp. - January 5, 2021) - Transition Metals Corp (TSXV: XTM) ("Transition", the "Company") is pleased to announce that the Company has granted an option on its Island Copper project to Rich Copper Exploration Corp ("Rich Cu"), a private corporation. The property consists of 5 mining claims covering 62 hectares in Awares Township located approximately 20 kilometres northeast of Sault Ste. Marie, Ontario. (the "Property").
Dec 18, 2020 09:19 pm ET
Transition Metals Issues Stock Options
Sudbury, Ontario--(Newsfile Corp. - December 18, 2020) -  Transition Metals Corp. (TSXV: XTM) ("Transition") announces that the Board of Directors have approved the issuance of 2,325,000 stock options to Officers, Directors and Employees of Transition in accordance with its Stock Option Plan. The Options entitle the holder purchase a common share in Transition for $0.155 for a period of 5 years.
Dec 15, 2020 09:28 am ET
Transition Metals Announces that Spinout Company SPC Nickel Has Closed a $7.82 Million Over-Subscribed Private Placement and Filed a Preliminary Prospectus for a Public Listing on TSX Venture Exchange
Sudbury, Ontario--(Newsfile Corp. - December 15, 2020) -   Transition Metals Corp. (TSXV: XTM) ("Transition", "XTM", or the "Company") is pleased to announce that SPC Nickel Corp ("SPC"), formerly Sudbury Platinum Corporation (see SPC press release December 15, 2020), a company that Transition created through the spinout of its Aer-Kidd asset in the Sudbury Basin, has closed an over-subscribed non-brokered private placement which resulted in gross proceeds of $7,823,158 (the "Offering). SPC has filed a preliminary prospectus with the securities regulatory authorities in Ontario, Alberta and British Columbia in connection with an application to list its common shares (the "Common Shares") on the TSX Venture Exchange. The Offering was led by strategic investment partner Dundee Goodman Merchant Partners (DGMP) and the filing of preliminary prospectus by SPC represents a significant milestone in Transition's execution of the Project Generator business model. Transition owns 15,000,000 shares of SPC, representing approximately 15% of the outstanding shares. Based on the completion of the SPC financing, this equates to $3,000,000 of value with considerable upside going forward.
Nov 24, 2020 08:00 am ET
Transition Metals Consolidates Western Extension of Beardmore-Geraldton Greenstone Belt and Options Property with High-Grade Gold Occurrences
Sudbury, Ontario--(Newsfile Corp. - November 24, 2020) - Transition Metals Corp (TSXV: XTM) ("Transition", "XTM", the "Company") is pleased to announce that it has entered into an option agreement to acquire a 100% interest in 9 contiguous mining claims 75 kilometres north of Thunder Bay and has additionally staked new claims to consolidate 4,560 hectares covering a significantly underexplored extension of the Beardmore-Geraldton Greenstone Belt (see Figure 1). The property, known as the Jolly Gold project encompasses a number of historic high-grade gold (Au) occurrences where grab samples collected by the Company in September 2020 returned assay values of 14.35 g/t Au with 0.7 g/t Ag at Trench 1, and 3.96 g/t Au, 7.9 g/t Ag and 0.64 % Cu at Trench 2. The two historic trenches lie along a northeast trend, approximately 1.3 km from each other.
Nov 17, 2020 09:10 am ET
Transition Metals Reports Encouraging Levels of Copper Mineralization from Sampling of Historical Showings at Wollaston Copper Project in Saskatchewan
Sudbury, Ontario--(Newsfile Corp. - November 17, 2020) -  Transition Metals Corp (TSXV: XTM) ("Transition", "XTM", the "Company") is pleased to report results from grab samples collected over its 100% owned, 150 square kilometre Wollaston Copper Project located approximately 60 kilometres southwest of the Rio Tinto Exploration Canada (RTEC) and Forum Energy Metal's (Forum) Janice Lake project (Figure 1) in north central Saskatchewan. Drilling by Noranda in 1994 in the Flag Lake target area near Fannon Lake returned grades and thicknesses of copper mineralization similar to that being intersected by RTEC at Janice, including 0.48% Cu over 8.6 metres¹.
Nov 02, 2020 08:03 am ET
Transition Conducts Deep Seeking Airborne Geophysical Survey to Explore for Large Scale Copper-Gold Systems in Proterozoic Rocks of the Sudbury Region
Sudbury, Ontario--(Newsfile Corp. - November 2, 2020) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that it has consolidated land packages totaling 154 square kilometres covering a range of polymetallic Gold (Au), Copper (Cu) Silver (Ag) and Tungsten (W) deposits adjacent to the Sudbury Igneous Complex, Ontario. The project areas as shown in Figure 1, cover extensive trends of brecciated and strongly sodic altered rocks close to major crustal structures that appear to control clusters of base and precious metal mineralization. Table 1 gives a summary of the major geological features and work plan for the project areas shown in Figure 1.
Oct 27, 2020 07:30 am ET
Platinex and Transition Metals Announce Collaboration on Shining Tree Area Exploration
Platinex Inc. (CSE: PTX) ("Platinex") and Transition Metals Corp (TSX-V; XTM) (“Transition”) jointly announce that they have entered into an agreement respecting sharing of data and conceptual knowledge for conducting collaborative exploration work...
Oct 20, 2020 09:41 am ET
Transition Metals Report that SPC Metals Intersected 22.45 Metres Grading 2.20% NiEq. on the Aer-Kidd Property
Sudbury, Ontario--(Newsfile Corp. - October 20, 2020) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that SPC Metals (SPC) has released encouraging assay results from drilling on its Aer-Kidd Ni-Cu-PGM Project located in the heart of the Sudbury Mining Camp (See SPC Metals news release dated October 19, 2020). The eight hole, 4,670 metre drilling program was designed to test an area down dip of the historic Robinson Mine. The property is located between Vale's Totten Mine (10.1Mt @ 1.5% Ni, 1.97% Cu, 4.8g/t PGM)¹ located 1.8 kilometres along trend to the SW of the Aer-Kidd Property and KGHM's Victoria Development Project (14.5Mt @ 2.5% Ni, 2.5% Cu, 7.6 g/t PGM)² located 3.0 kilometres along trend NE.
Oct 15, 2020 10:48 am ET
Transition Options the Sawmill Au-Cu Property, Sudbury Area Ontario
Sudbury, Ontario--(Newsfile Corp. - October 15, 2020) - Transition Metals Corp (TSXV: XTM) ("Transition", the "Company") is pleased to announce that it has entered into an option agreement to acquire a 100% interest in the Sawmill Au-Cu Property located 40 kilometres northeast of the Sudbury Mining Camp within Parkin and Hutton townships. The property consists of 106 contiguous mining claims, two mining leases and five patents totalling approximately 825 hectares. The property encompasses historic high-grade polymetallic gold (Au), copper (Cu), and silver (Ag) showings (see Figure 2); where grab samples collected by the Company in 2017 returned high-grade assays of 25.1 g/t Au and 158 g/t Ag at the A1 zone as well as 3.42 g/t Au, 1,295 g/t Ag and 4.81% Cu at the Galena showing.
Oct 05, 2020 09:10 am ET
Transition Closes Sale of Royalty Interests to Nova Royalties
Sudbury, Ontario--(Newsfile Corp. - October 5, 2020) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") reports that the Company has closed its transaction with Nova Royalties Corp. ("Nova") as disclosed in the news release dated September 8, 2020. On closing the Company received a total of $1,072,500 in cash and 525,000 shares of Nova.
Sep 08, 2020 09:10 am ET
Transition Sells Portfolio of Royalty Interests to Nova Royalties for $1,000,000 Million Cash and 525,000 Shares
Sudbury, Ontario--(Newsfile Corp. - September 8, 2020) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") reports that the Company has entered into an agreement to sell a portion of its portfolio of royalties to Nova Royalties Corp. (Nova) for $1,072,500 in cash and 525,000 shares of Nova. In addition, the agreement includes a potential $2.0 million in additional milestone payments.
Sep 01, 2020 02:50 pm ET
Transition Provides Update on Work at Wollaston Copper Project in Saskatchewan and Purchases Mining Claims
Sudbury, Ontario--(Newsfile Corp. - September 1, 2020) - Transition Metals Corp. (TSXV: XTM) ("Transition", "XTM", the "Company") has completed a helicopter-supported, tree-top, bio-geochemical survey over its 100% owned, 150 square kilometre Wollaston Copper Project located approximately 60 kilometres southwest of the Rio Tinto Exploration Canada (RTEC) and Forum Energy Metal's (Forum) Janice Lake project in north central Saskatchewan (Figure 1). The survey work included the collection of more than 600 bio-geochem samples on 500 metre design spacing. In addition, several bedrock copper and zinc occurrences on the property were investigated and sampled resulting in the collection of 29 rock samples (analyses are pending).
Aug 25, 2020 09:10 am ET
Transition's Investment Is Enhanced by SPC Metals' Completion of a Private Placement and Development of a Strategic Relationship with Dundee Goodman Merchant Partners
Sudbury, Ontario--(Newsfile Corp. - August 25, 2020) - Transition Metals Corp (TSXV: XTM) ("Transition", "XTM") is pleased to announce that its investment in Sudbury Platinum Corporation ("SPC Metals") has been enhanced through the completion of a private placement by SPC Metals and the development of an strategic relationship with Dundee Goodman Merchant Partners ("DGMP"). SPC announced that it has completed a private placement totaling $2,174,000 consisting of 9,837,500 common shares ("Shares") at a price of $0.16 per share, for proceeds of $1,574,000 and 3,750,000 flow-through common shares (the "FT Shares") at a price of $0.16 per FT Share, for proceeds of $600,000 (see SPC news release dated August 25, 2020). After completing the financing, SPC has 64,361,515 outstanding and XTM's interest in SPC Metals has been reduced from 29.55% to 23.31%.
Aug 17, 2020 09:10 am ET
Transition Initiates Field Work at Wollaston Copper Project in North Central Saskatchewan
Sudbury, Ontario--(Newsfile Corp. - August 17, 2020) - Transition Metals Corp (TSXV: XTM) ("Transition", "XTM") reports that it has initiated field work on the Wollaston Copper project in north central Saskatchewan. The project is located approximately 60 kilometres southwest along strike from the Janice Lake project, a sedimentary-hosted copper project being aggressively explored by Rio Tinto Exploration Canada (RTEC) and Forum Energy Metals (Forum). Forum optioned the Janice Lake property from Transition and has further optioned a portion of its potential interest to RTEC (see Transition news release dated May 9, 2019). RTEC is operating the Janice Lake project and currently is carrying out a program of extensive geological mapping, geophysics and drilling as well as the construction of a 50 person camp (see Forum news release dated June 23, 2020).
Aug 10, 2020 09:10 am ET
Transition Metals Options its Fostung Tungsten Property, Ontario
Sudbury, Ontario--(Newsfile Corp. - August 10, 2020) - Transition Metals Corp. (TSXV: XTM) ("Transition" or the "Company"), a Canadian-based multi-commodity project generator with a growing project portfolio, announces that it has executed an arms length Option and Joint Venture Agreement with 1930153 ON Ltd. ("1930153 ON") whereby 1930153 ON can earn up to an 100% interest in the Fostung Property located 8 kilometres southeast of Espanola, Ontario (see Company news release dated November 14, 2019).
Jun 03, 2020 05:36 pm ET
Transition Metals Corp. Closes $1,377,563 Private Placement
Sudbury, Ontario--(Newsfile Corp. - June 3, 2020) - Transition Metals Corp. (TSXV: XTM) ("Transition" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement. The private placement was over-subscribed with a total of 7,910,331 units (the "Units") at a price of $0.15 per Unit, for proceeds of $1,186,549.65 and 1,061,188 flow-through common shares (the "FT Shares") at a price of $0.18 per FT Share, for proceeds of $191,013.84 (collectively, the "Offering"). Units consist of a common share (each a "Common Share") and a common share purchase warrant (each a "Warrant"). Each Warrant will entitle the holder to purchase one additional Common Share for a period of 24 months from closing at a price of $0.22. If, commencing on the date that is four months after the closing date, the closing price of the Common Shares on the TSX Venture Exchange (the "Exchange") is higher than $0.28 for 20 consecutive trading days, based on the Volume Weighted Average Price on daily closing, then on the date that is the 20th consecutive trading day (the "Acceleration Trigger Date") the expiry date of the Warrants will be accelerated to the date that is 20 business days after the Acceleration Trigger Date provided the Corporation, within three trading days of the Acceleration Trigger Date, issues a news release announcing the acceleration of the expiry date and delivers or sends by electronic transmission a copy of such news release to the Warrant holders.
May 22, 2020 09:10 am ET
Transition Metals Corp. Announces up to $1,200,000 Private Placement
Sudbury, Ontario--(Newsfile Corp. - May 22, 2020) - Transition Metals Corp. (TSXV: XTM) ("Transition" or the "Company") is pleased to announce that it intends to raise up to an aggregate of $1,200,000 by way of a non brokered private placement financing consisting of up to 5,000,000 units (the "Units") at a price of $0.15 per Unit, for proceeds of up to $750,000 and up to 2,500,000 flow-through common shares (the "FT Shares") at a price of $0.18 per FT Share, for proceeds of up to $450,000 (collectively, the "Offering"). Each Unit will consist of one common share of the Corporation (each, a "Common Share") and one share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder to purchase one additional Common Share for a period of 24 months from closing at a price of $0.22. If, commencing on the date that is four months after the closing date, the closing price of the Common Shares on the TSX Venture Exchange (the "Exchange") is higher than $0.28 for 20 consecutive trading days, based on the Volume Weighted Average Price on daily closing, then on the date that is the 20th consecutive trading day (the "Acceleration Trigger Date") the expiry date of the Warrants will be accelerated to the date that is 20 business days after the Acceleration Trigger Date provided the Corporation, within three trading days of the Acceleration Trigger Date, issues a news release announcing the acceleration of the expiry date and delivers or sends by electronic transmission a copy of such news release to the Warrant holders and the finders.
May 21, 2020 09:05 am ET
Transition Announces 2020/2021 Exploration Plans Including 2,000m of Diamond Drilling for the Janice Lake Sedimentary Copper Project, Saskatchewan
Sudbury, Ontario--(Newsfile Corp. - May 21, 2020) - Transition Metals Corp. (TSXV: XTM) ("Transition", "XTM") is pleased to announce that option partner Forum Energy Metals ("Forum") together with Rio Tinto Exploration ("RTEC") have announced plans to complete an extensive summer exploration program at Janice Lake, Saskatchewan. This work will include a 2,000 metre reconnaissance diamond drill program to test targets on known mineralized zones, systematic mapping and prospecting across the 52 kilometre strike extent of the property and the completion of a regional Audio-frequency Magnetotelluric (AMT) transect. Detailed geochemical and geophysical surveys will be carried out over known mineralized zones to aid in drill-target selection. In addition, RTEC and Forum will mobilize a Rotary Air Blast (RAB) drill rig to test for near surface bedrock copper showings in areas with poor bedrock exposure.
May 11, 2020 11:05 am ET
Transition Metals Finalizes Option Agreement with Aylmer IOCG Joint Venture Partners
Sudbury, Ontario--(Newsfile Corp. - May 11, 2020) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") reports that the Company and partners of the IOCG Joint Venture property have entered into a revised agreement to option the property from the vendors. The original agreement dated November 28, 2019 (see news release dated December 23, 2019) has been terminated.
May 05, 2020 09:02 am ET
Transition Announces High Grade PGM Drill Results from the 'Big Red' Anomaly on the Sunday Lake Property, Ontario
Sudbury, Ontario--(Newsfile Corp. - May 5, 2020) - Transition Metals Corp (TSXV: XTM) ("Transition", "The Company") is pleased to announce it has received assay results from the previously announced drill program (see XTM press release dated January 20, 2020) conducted by Impala Canada Ltd. (Impala Canada) on the Sunday Lake PGM Property located 25 km north of Thunder Bay, Ontario (Figure 1). Impala Platinum Holdings Limited (Implats) and Impala Canada control a 75% interest in the Property and Transition holds a 25% free carried interest through to the completion of a Feasibility Study.
Feb 27, 2020 12:53 pm ET
See High Quality AU, PGM, CU, and W Projects Available for Option at Transition Metals PDAC Booth 2126, Investors Exchange, South Building, MTCC
Toronto, Ontario--(Newsfile Corp. - February 27, 2020) -  Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") invites you to meet with Company representatives at Booth #2126 in the Investors Exchange at the PDAC 2020 Mining Convention to be held from March 1-4, 2020 at the Metro Toronto Convention Centre (MTCC), Toronto, Canada.
Feb 04, 2020 09:10 am ET
Transition Stakes the Eva Kitto PGM Property Expanding its Exposure to Palladium and Other Platinum Group Metals in Ontario
Sudbury, Ontario--(Newsfile Corp. - February 4, 2020) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that it has staked 91 mining claims covering approximately 1,900 hectares, located east of Lake Nipigon in northwest Ontario. The property covers most of the Eva Kitto Intrusion, an early rift, mafic ultramafic body similar to those that host the Sunday Lake (Ontario), Thunder Bay North (Ontario), Tamarack (Minnesota) and Eagle (Michigan) nickel copper and platinum group (Ni-Cu-PGM) deposits.
Jan 22, 2020 09:09 am ET
Transition Metals to Focus on Wollaston Copper Belt Opportunities as Rio Tinto Makes Commitment to District
Sudbury, Ontario--(Newsfile Corp. - January 22, 2020) - Transition Metals Corp (TSXV: XTM) ("Transition", "XTM") holds a 100% interest in its Wollaston Copper Project (15,144 Ha), located approximately 65 km south of XTM's Janice Lake Property, Saskatchewan. The property covers copper showings interpreted to have potential to host sedimentary-hosted copper mineralization similar to that at Janice Lake. The rocks underlying the Project are interpreted to be on-strike equivalents to the Janice Lake Property where XTM has been advised by its partner Forum Energy Metals (Forum) that Rio Tinto Canada (RTEC) has received permits from the Saskatchewan Government to construct a 99 km winter access trail and installation of a temporary 65-80 person capacity work camp to support drilling and mineral exploration at the Janice Lake copper project. As a result of the commitment by RTEC, Transition will focus attention on its Wollaston Copper Project with the purpose of attracting a partner to jointly explore the property.
Jan 20, 2020 09:27 am ET
Transition Metals Corp Announces the Commencement of Drilling on Its Sunday Lake Platinum-Palladium Property
Sudbury, Ontario--(Newsfile Corp. - January 20, 2020) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that Impala Canada Ltd. (Impala Canada) has resumed drilling at the Sunday Lake Platinum-Palladium (PGM) Property. Impala Platinum Holdings Limited (Implats) and Impala Canada Ltd. control a 75% interest in the Property and Transition holds a 25% free carried interest through to the completion of a Feasibility Study.
Jan 15, 2020 09:10 am ET
Transition Metals Corp Provides 2019 Year in Review and Shareholder Update
Sudbury, Ontario--(Newsfile Corp. - January 15, 2020) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to update shareholders on progress achieved during 2019 as the Company continued to add to its portfolio of multiple projects attracting over $7 million dollars in exploration funding to its projects through non-dilutive investment from its joint-venture partnerships with other companies.
Dec 23, 2019 06:53 pm ET
Transition Options a High Grade IOCG Copper Target Near Sudbury Ontario
Sudbury, Ontario--(Newsfile Corp. - December 23, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce the option of the Aylmer IOCG1 property, consisting of 43 mining claims covering 1,455 hectares, located north of Lake Wanapitei near Sudbury Ontario. The property lies within a north-trending, regional structural zone interpreted to be 14 to 15 kilometres wide associated with widespread soda altered rocks and occurrence of gold-copper-bearing quartz veins¹. Grab samples collected at outcropping exposures of quartz veining, quartz and or carbonate breccias hosting variable amounts of disseminated sulphides returned copper values ranging from <0.05 ppm Cu to 5.93% Cu representing an average of 0.4% Cu from 19 samples.
Dec 20, 2019 04:43 pm ET
Transition Metals Corp. Closes Private Placement
Sudbury, Ontario--(Newsfile Corp. - December 20, 2019) - Transition Metals Corp. (TSXV: XTM) ("Transition" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement. The private placement has been over-subscribed with a total of 1,932,667 units (the "Units") at a price of $0.15 per Unit, for proceeds of up to $289,900.05 and 994,500 flow-through common shares (the "FT Shares") at a price of $0.18 per FT Share, for proceeds of up to $179,010 (collectively, the "Offering"). Each Unit consisted of one common share of the Corporation (each, a "Common Share") and one share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder to purchase one additional Common Share for a period of 24 months from closing at a price of $0.25.
Dec 12, 2019 11:15 am ET
Transition Metals', 30% Owned Sudbury Platinum, Signs a Definitive Agreement for Reverse Take-Over Transaction with Edison Cobalt Corp
Sudbury, Ontario--(Newsfile Corp. - December 12, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition" or the "Company") announces that Sudbury Platinum Corporation (private; "SPC") has entered into a definitive arms length amalgamation agreement dated November 18, 2019 (the "Agreement") with Edison Cobalt Corp (TSXV: "EDDY"). The contemplated transaction will result in a reverse-take over of EDDY by SPC. The resulting issuer will be renamed "SPC Metals Corp" ("SPC Metals" or the "Resulting Issuer"). It is anticipated that existing shareholders of SPC will hold approximately 77% of the Resulting Issuer prior to giving effect to a Concurrent Financing. This will result in Transition owning approximately 23% of Resulting Issuer through the conversion of its SPC shares to SPC Metals shares. Following a planned concurrent financing (target of $3.5M), Transition's ownership will be approximately 19.7%. A detailed description of the transaction and planned financing was provided in an EDDY news release dated December 12, 2019.
Dec 12, 2019 10:25 am ET
IIROC Trading Resumption - XTM
VANCOUVER, Dec. 12, 2019 /CNW/ - Trading resumes in:
Dec 12, 2019 09:10 am ET
IIROC Trading Halt - XTM
VANCOUVER, Dec. 12, 2019 /CNW/ - The following issues have been halted by IIROC:
Dec 09, 2019 06:30 am ET
Transition Metals Corp. Announces up to $300,000 Private Placement
Sudbury, Ontario--(Newsfile Corp. - December 9, 2019) - Transition Metals Corp. (TSXV: XTM) ("Transition" or the "Company") is pleased to announce that it intends to raise up to an aggregate of $300,000 by way of a non-brokered private placement financing consisting of up to 1,000,000 units (the "Units") at a price of $0.15 per Unit, for proceeds of up to $150,000 and up to 833,333 flow-through common shares (the "FT Shares") at a price of $0.18 per FT Share, for proceeds of up to $150,000 (collectively, the "Offering"). Each Unit will consist of one common share of the Corporation (each, a "Common Share") and one share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder to purchase one additional Common Share for a period of 24 months from closing at a price of $0.25.
Dec 03, 2019 02:21 pm ET
Transition Reports Drill Intersections Including 1.09% Cu over 9.1 Metres and 1.32% Cu over 5 Metres Within 51.8 Metres Grading 0.57% Cu at Janice Lake
Sudbury, Ontario--(Newsfile Corp. - December 3, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to report final assay results from the remaining 12 of 21 diamond drill holes completed on the Janice Lake property by option partners Rio Tinto Exploration Canada ("RTEC") and Forum Energy Metals Corp ("Forum"). Forum has reported the intersection of multiple, thick, flat lying chalcocite mineralized horizons at each of the Jansem and Janice target areas, confirming and extending copper mineralization at the Jansem and Janice targets. Forum and RTEC's technical teams are reviewing the drill data with a more thorough analysis and interpretation of results in preparation for programs of additional work this winter.
Nov 27, 2019 09:10 am ET
Transition Reports up to 15.7 g/t Au over 0.5 m at Cryderman Au Property, Ontario
Sudbury, Ontario--(Newsfile Corp. - November 27, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce assay results from channel sampling completed on veining exposed by new trenching on the Cryderman Gold property located near Shining Tree, Ontario. Samples of quartz vein returned up to 15.70 g/t Au over 0.5 metres along 100 metres of the newly-exposed Queen Elizabeth Vein with the best values being returned by channels at the south end of the trench (Table 1). Importantly, sampling of peripheral zones of alteration and quartz stringers returned up to 3.44 g/t Au over 1.63 metres (Table 1). Two additional undocumented veins located to the north of a historical shaft were identified returning up to 3.05 g/t Au over 0.88 metres and 4.11 g/t Au over 0.61 metres.
Nov 19, 2019 09:46 am ET
Transition Updates Drilling Completed by Rio Tinto Canada at Janice Lake Including 18.0 m grading 0.71% Copper and 4.2 g/t Silver
Sudbury, Ontario--(Newsfile Corp. - November 19, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to report that encouraging assay results are continuing to be received from diamond drilling completed on the Janice Lake property by Rio Tinto Exploration Canada Inc. ("RTEC"). To date, assay results from 9 of a total of 21 holes completed by RTEC have been reported for 2 of more than 20 target areas consisting of outcropping zones of copper-bearing mineralization highlighted by exploration work completed to date on the property. Results include 18.0 metres grading 0.71% Cu, 4.2 g/t Ag in hole JANL0002 from the Jansem target area and 57.1 metres grading 0.41% Cu, 4.2 g/t Ag including 13.0 metres grading 0.95% Cu, 9.7 g/t Ag from the Janice target area. Results from drilling at both target areas are discussed more fully below. Forum Energy Metals Corp ("Forum") currently holds an option to earn a 100% interest in the property from the Company and has optioned a portion of its potential interest in the property to RTEC. The Company retains excellent exposure to this project benefitting from exploration expenditures on the property, the issuance of Forum shares, receipt of cash payments and retention of a Net Smelter Return royalty, described more fully below.
Nov 14, 2019 09:08 am ET
Transition Metals Acquires the Historic Fostung Tungsten Skarn Resource
Sudbury, Ontario--(Newsfile Corp. - November 14, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that it has acquired a 100% interest in the Fostung Property located near the town of Espanola approximately 70 kilometres southwest of Sudbury, Ontario. The property hosts an historic tungsten trioxide (WO3) skarn resource that in 2007 was stated to contain an Inferred Mineral Resource of 12.4 million tonnes (Mt) grading 0.213 wt. % WO31.
Oct 15, 2019 09:10 am ET
Transition Reports High Grade Channel Sample Results at the Maude Lake Nickel Property, Ontario, Including 4.0 Metres Grading 2.09 % Ni and 0.64 % Cu
Sudbury, Ontario--(Newsfile Corp. - October 15, 2019) - Transition Metals Corp. (TSXV: XTM) ("Transition", "the Company") is pleased to announce high grade channel sample assay results at its 100% owned Maude Lake Ni-Cu-Co-PGM property located near Schreiber, Ontario (Figure 1). The property covers a known high grade magmatic Ni-Cu-Co-PGM showing where historic grab samples collected by Novawest Resources Inc. in 2002 returned values of up to 6.23 % Ni and up to 2.48 % Cu1.
Oct 09, 2019 04:54 pm ET
Transition Metals Reports Multiple Mineralized Zones from Janice Lake Copper/Silver Project, Including 0.95% Copper and 9.7 g/t Silver Over 13 Metres
Sudbury, Ontario--(Newsfile Corp. - October 9, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that that it has received positive assay results from hole JANL0005 drilled by Rio Tinto Canada Exploration ("RTEC") on behalf of option partner Forum Energy Metals at a second location referred to as the Janice Lake target, located 2 km to the northeast of Jansem target holes JANL0001 and JANL0002 (see news release dated October 1, 2019).
Oct 01, 2019 11:08 am ET
Transition Metals Reports 0.71% Copper and 4.2 g/t Silver Intersected Over 18 Metres from Drilling at Janice Lake
Sudbury, Ontario--(Newsfile Corp. - October 1, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that it has received positive assay results from the first two holes drilled by Rio Tinto Exploration Canada ("RTEC") on behalf of option partner Forum Energy Metals Corp. ("Forum") at Janice Lake. Highlights from the first two holes are:
Sep 23, 2019 10:43 am ET
Transition Commences Work at Cryderman Au Property, Ontario
Sudbury, Ontario--(Newsfile Corp. - September 23, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce the commencement of a program of stripping and channel sampling on the Cryderman Gold property located near Shining Tree, Ontario. The property consists of mining leases covering a historical high-grade lode gold showing where grab samples collected by the Company in 2018 returned values from trace up to 34.5 g Au/t (see Transition Metals News Release May 15, 2016). The Company plans to open an approximately 100 m long trench and map and channel sample the vein and structures hosting the gold mineralization.
Sep 18, 2019 09:51 am ET
Transition Metals Intersects 9.0 Metres Averaging 6.14 g/t Gold Confirming New Zones of Mineralization at Highland
Sudbury, Ontario--(Newsfile Corp. - September 18, 2019) - Transition Metals Corp. (TSXV: XTM) ("Transition", "the Company") is pleased to disclose the balance of assay results from a program of reverse circulation (RC) drilling completed this summer at its Highland Gold project in Cape Breton, Nova Scotia. The results are interpreted to confirm strike and dip extensions to mineralization identified at Zone 6A and indicate significant grades and thicknesses of gold at Zone 6B which is located approximately 250 metres southwest of Zone 6A. Testing Zone 6B, hole 19-TMC-RC-11 intersected 9.0 metres grading 6.14 g.t Au including 2.0 metres grading 25.46 g/t Au. Zones 6A and 6B are respectively located approximately 2 kilometres east of Main Zone where RAB drilling completed by the Company in late 2018 returned a 9.14 metre interval grading 23.22 g/t Au.
Sep 09, 2019 03:00 pm ET
IIROC Trading Resumption - XTM
VANCOUVER, Sept. 9, 2019 /CNW/ - Trading resumes in:
Sep 09, 2019 02:39 pm ET
Transition Metals Announces SPC Metals has Entered into a Letter of Intent for a Proposed Reverse Take-Over of Edison Cobalt Corp
Sudbury, Ontario--(Newsfile Corp. - September 9, 2019) -  Transition Metals Corp (TSXV: XTM) ("Transition") announces that SPC Metals (Sudbury Platinum Corporation) has entered into a non-binding Letter of Intent ("LOI") with Edison Cobalt Corp (TSXV: EDDY) (Edison). Transition is an Insider of SPC holding 30% of the outstanding shares of SPC.
Sep 09, 2019 01:24 pm ET
IIROC Trading Halt - XTM
VANCOUVER, Sept. 9, 2019 /CNW/ - The following issues have been halted by IIROC:
Aug 19, 2019 09:07 am ET
Transition Metals Corp Announces That North American Palladium Has Vested for a 51% Interest in Transition's Sunday Lake PGM Project
Sudbury, Ontario--(Newsfile Corp. - August 19, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that partner North American Palladium ("NAP") has vested for a 51% interest in the Sunday Lake Project (the "Project") by completing the Stage 1 Option Terms as described in the news release of June 21, 2017. Under the terms of the Option Agreement, NAP has the right to acquire all of Impala Platinum Holding Limited ("Implats"), 75% interest in the Project by providing staged cash payments of $3.5M and by completing exploration expenditures of $4.5M over a five-year period. Transition is entitled to 10% of the cash payments and to date has received $75,000. Transition holds a 25% free carried interest in the project through to the completion of a Feasibility Study.
Jul 30, 2019 09:44 am ET
Transition Metals Announces Rio Tinto Commences 7,000 Metre Drill Program at Janice Lake Copper Project, Saskatchewan
Sudbury, Ontario--(Newsfile Corp. - July 30, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that Rio Tinto Exploration Canada ("Rio Tinto" or "RTEC") and Forum Energy Metals ("Forum") have commenced a 7,000 metre diamond drill program on the Janice Lake copper project. The program is helicopter supported and will utilize two drill rigs to complete approximately 20 to 30 holes. Drilling will initially concentrate on the areas of known copper mineralization while the data from the recently completed airborne magnetic survey is interpreted by RTEC's geophysical team. It is expected that this survey will yield additional targets for drill-testing.
Jul 15, 2019 09:26 am ET
4.0 Metres Grading 16.15 Grams per Tonne Gold Returned from Initial Assay Results from New Drilling at Transition Metals Highland Gold Project
Sudbury, Ontario--(Newsfile Corp. - July 15, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce initial assay results from a program of reverse circulation (RC) drilling initiated this spring at the Highland Gold project in Cape Breton, Nova Scotia. Of note, hole 19-TMC-RC-01 returned an interval averaging 16.15 grams per tonne (g/t) gold over 4 meters within an interval where composite sampling returned 8.0 metres grading 5.90 g/t gold (g/t Au). The results were obtained from shallow drilling near an area of exposed mineralization referred to historically as the 6A Zone. The 6A Zone is located approximately 2 kilometers to the east of Main Zone where drilling completed in the fall by the Company returned a 9.14 metre intersection grading 23.22 g/t Au (see Transition news release dated January 14, 2019).
Jun 19, 2019 10:22 am ET
Transition Metals: A $3,000,000 Exploration Program to Be Initiated by Rio Tinto at Janice Lake in the Emerging Wollaston Copper District
Sudbury, Ontario--(Newsfile Corp. - June 19, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that operator Rio Tinto Exploration Canada Inc. ("RTEC") will commence its committed, $3,000,000 exploration program at the Janice Lake sedimentary hosted copper project. The initial program will consist of an airborne geophysical survey followed by drilling. Transition has optioned the property to Forum Energy Metals (see news release of February 6, 2018) which subsequently optioned part of its interest to RTEC (see news release of May 9, 2019). Upon the option terms of the Forum agreement being met, Transition will hold a 2% Net Smelter Return royalty (NSR) on the property and be entitled to downstream milestone cash payments. Forum has also issued the Company 8,000,000 shares, which currently represents approximately 7.5% of Forum shares outstanding.
Jun 18, 2019 08:33 am ET
Transition Metals to Present at the 2019 John Tumazos Very Independent Research
Sudbury, Ontario--(Newsfile Corp. - June 18, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that management will be attending and presenting at the upcoming John Tumazos Very Independent Research Metals Conference in Holmdel, New Jersey, as well as meeting with investors throughout the conference which will be held on June 19-20. The conference will take place at 20 Hillcrest Road, Holmdel, New Jersey 07733.
Jun 11, 2019 03:28 pm ET
Transition Metals' Sunday Lake Project Could Be the Next Big PGM Discovery
Toronto, Ontario--(Newsfile Corp. - June 11, 2019) - HeroStocks.ca, an online source of investor-focused news and educational content on topics within the cannabis, tech and resource sectors, announces the publication of an article covering Transition Metals' Sunday Lake project and what could be the next big platinum group metals (PGM) discovery. Transition Metals Corp (TSXV: XTM) is a Canadian-based, multi-commodity project generator that specializes in converting new exploration ideas into Canadian discoveries
Jun 05, 2019 09:10 am ET
Transition Resumes Drilling at Highland Gold Property in Nova Scotia
Sudbury, Ontario--(Newsfile Corp. - June 5, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that it has resumed exploration drilling at its Highland Gold project in Cape Breton, Nova Scotia. In January of this year, the Company reported a 9.14 metre intersection grading 23.22 grams per tonne gold (g/t Au) from a program of percussion Rotary Air Blast (RAB) drilling (see Transition news release dated January 14, 2019). In the fall of 2018, the Company initiated an approximate 1,000 metre program of percussion drilling to test a cluster of high-grade showings within a roughly 5 square kilometer portion of the property highlighted by till sampling. This program however was not completed due to the onset of winter conditions. The Company plans to continue the program this spring by completing an additional 15-20 holes totaling approximately 1,000 metres using an air powered Reverse Circulation (RC) drill. Additional work planned during the summer includes investigating other portions of its more than 100 square kilometer land position in the region.
May 28, 2019 11:13 am ET
Transition Metals Stakes New Sediment-Hosted Copper Property on the Bonavista Peninsula in Eastern Newfoundland
Sudbury, Ontario--(Newsfile Corp. - May 28, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that it has staked a new copper property know as the Duntara Copper Property covering 2,440 ha along the northwestern tip of the Bonavista Peninsula in Eastern Newfoundland (Figure 1). The new claims were staked to cover a series of known copper showings including the Blue Point Prospect where Noranda Inc. in 2001 drilled 1.98 % Cu and 23.10 g/t Ag over 6.0m7 (See description below). These copper showings occur within the Crown Hill Formation of the Neoproterozoic Musgravetown Group that has been shown to have excellent potential to host sedimentary-hosted copper mineralization.
May 22, 2019 08:55 am ET
Transition Metals Stakes New Properties in the Emerging Wollaston Basin Copper Belt, Saskatchewan
Sudbury, Ontario--(Newsfile Corp. - May 22, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that it has staked two new properties, collectively covering 15,144 ha in the Wollaston Basin Copper Belt, northern Saskatchewan. The Fannon and Tosi properties are located approximately 100 kilometres south of Key Lake (see Fig 1), and about 30 and 85 kilometres, respectively, southwest along trend with the company's Janice Lake Property that is currently under option from the Company to Forum Energy Metals (Forum) and subsequently to Rio Tinto Exploration Canada (RTEC) (see Transition news release dated May 9, 2019). The new claims were staked to cover known copper showings and on-strike equivalents that are interpreted to have potential to host sedimentary-hosted copper mineralization similar to that at Janice Lake.
May 15, 2019 09:07 am ET
Transition Options the High-Grade Cryderman Au Property, Ontario
Sudbury, Ontario--(Newsfile Corp. - May 15, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that it has entered into an option agreement to acquire a 100% interest in the Cryderman Gold property located near Shining Tree, Ontario. The property consists of 6 contiguous mining leases cover a historical high-grade lode gold showing where grab samples collected by the Company in 2018 returned values from trace up to 34.5 g Au/t.
May 09, 2019 02:00 pm ET
Transition Metals: Rio Tinto Exploration Canada Enters into a $30 Million Option Agreement to Explore Janice Lake
Sudbury, Ontario--(Newsfile Corp. - May 9, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that Rio Tinto Exploration Canada (RTEC) has signed an Option Agreement with Company partner Forum Energy Metals Corp (Forum) to earn an interest in Janice Lake Property (the Property). Janice Lake is currently under option from the Company to Forum and is located approximately 55km southeast of Key Lake Saskatchewan (for full details see Forum news release dated May 9, 2019).
May 06, 2019 08:46 am ET
Transition Metals Completes Geophysical Survey at 100% Owned Saturday Night Platinum-Palladium Project, Thunder Bay, Ontario and Stakes Additional Ground
Sudbury, Ontario--(Newsfile Corp. - May 6, 2019) - Transition Metals Corp. (TSXV: XTM) ("Transition", "the Company"), is pleased to announce the completion of a ground magnetotellurics (MT) survey and the staking of an additional 235 hectares at the Company's 100% owned Saturday Night Project, located 16 kilometres west of the companies 25% owned Sunday Lake Project (see Figure 1 below) where recent drilling by partner North American Palladium Ltd. intersected 5.51g/t Pt+Pd+Au (PGM; 3.22g/t Pt, 2.08g/t Pd, 0.21g/t Au) and 0.57% Cu over a core length of 41.20 metres (refer to XTM Press release dated April 29, 2019).
Apr 29, 2019 08:54 am ET
Transition Announces Sunday Lake Drill Results Including 41.2m @ 5.51 g/t PGM and 0.57% Cu
Sudbury, Ontario--(Newsfile Corp. - April 29, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce it has received assay results from the previously disclosed drill program (see XTM press release dated February 12, 2019) conducted by North American Palladium Ltd. (NAP), on the Sunday Lake Platinum-Palladium Project located 25 km north of Thunder Bay, Ontario. NAP holds an option to earn up to a 75% interest in the property from Impala Platinum Holdings Limited (Implats) and XTM holds a 25% free carried interest through to the completion of a Feasibility Study.
Apr 24, 2019 10:22 am ET
Transition Retains thinkHERO for Investor Relations Services
Toronto, Ontario--(Newsfile Corp. - April 24, 2019) - Transition Metals Corp. (TSXV: XTM) ("Transition", "the Company"), a leading multi-project generator focused on the discovery of mineral deposits in Canada, is pleased to announce it has retained thinkHERO Incorporated ("thinkHERO") to provide the Company with select strategic investor relations services. thinkHERO is an agency based out of Toronto that provides investor relations, marketing, and communications services, with a focus on broadening market awareness and engagement with investor communities. thinkHERO will be responsible for developing and implementing a strategic social media plan to enhance the Company's exposure among industry stakeholders and investors.
Apr 15, 2019 08:48 am ET
Transition Closes Purchase and Sale Agreement with Legendary Ore Mining
Sudbury, Ontario--(Newsfile Corp. - April 15, 2019) - Transition Metals Corp. (TSXV: XTM) ("Transition" or "the Company"), is pleased to announce that it has closed the Purchase & Sale Agreement with Legendary Ore Mining Corporation ("Legendary") whereby Legendary has purchased 100% interest in the Dundonald nickel-copper-platinum group metals project located near Iroquois Falls, Ontario. Legendary is a wholly owned subsidiary of Vanicom Limited ("Vanicom"), an Australian corporation. On August 28, 2018 the Company announced that it had entered into a Binding Letter of Intent with Vanicom to sell Dundonald to it.
Mar 12, 2019 10:35 am ET
Transition Options Gowganda Gold and Cobalt Project to Battery Mineral Resources Ltd.
Sudbury, Ontario--(Newsfile Corp. - March 12, 2019) - Transition Metals Corp. (TSXV: XTM ) ("Transition" or "the Company"), is pleased to announce that it has executed an Option and Joint Venture Agreement with Battery Minerals Resources Limited ("Battery") whereby Battery can earn a up to an 80% interest in the Gowganda Gold project located 75 kilometres southwest of Kirkland Lake.
Feb 27, 2019 01:41 pm ET
Transition Identifies New Gold Targets and Doubles Land Position at Highland Gold
Sudbury, Ontario--(Newsfile Corp. - February 27, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that it has staked additional gold targets effectively doubling the size of its Highland Gold project in Cape Breton, Nova Scotia. The staking covers targets within areas interpreted to be structurally and geologically similar to mineralized zones elsewhere on the Highland property, including the Main Zone which returned 9.14m @ 23.22 g/t Au from recent drilling (see Transition news release dated January 14, 2019). Company geologists surmise the new staking may cover the sources of unexplained anomalous gold detected in regional stream sediment and till data. These are similar to the anomalies which led to the initial discovery of the Main Zone and other mineralized zones on the Highland property.
Feb 19, 2019 09:06 am ET
Transition Outlines Gold in Till Anomalies at Highland Gold, Cape Breton
Sudbury, Ontario--(Newsfile Corp. - February 19, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce the results from a till geochemical survey conducted over portions of the Highland Gold Project located in Cape Breton, Nova Scotia. The survey has identified three large gold-in-till anomalies consisting of gold grain counts that are in some cases 10 to 30 times higher than average background levels from Nova Scotia¹. The size and location of these anomalies described in more detail below are depicted in Figure 1.
Feb 12, 2019 11:29 am ET
Transition Metals Corp. Announces the Commencement of Drilling on Its Sunday Lake PGM Property
Sudbury, Ontario--(Newsfile Corp. - February 12, 2019) - Transition Metals Corp. (TSXV: XTM) ("Transition", "the Company") is pleased to announce that North American Palladium (NAP) has commenced a diamond drill program at the Sunday Lake Platinum-Palladium (PGM) Property. NAP holds an option to earn up to a 75% interest in the Property and Transition holds a 25% free carried interest through to the completion of a Feasibility Study.
Jan 22, 2019 09:07 am ET
Transition Options High-Grade Maude Lake Ni-Cu-Co-PGM Property, Ontario
Sudbury, Ontario--(Newsfile Corp. - January 22, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that it has entered into an option agreement to acquire a 100% interest in the ~14 square kilometre Maude Lake Ni-Cu-Co-PGM property located near Schreiber, Ontario (Figure 1). The property covers a known high-grade magmatic Ni-Cu-Co-PGM showing where grab samples collected by Novawest Resources Inc. in 2002 were reported to have returned values of up to 6.23 % Ni and up to 2.48 % Cu1 (Table 1). Base metal sulphides occur as massive to vein-like and net-textured aggregates along the contact between a mafic-ultramafic intrusion to the south and granite to the north.
Jan 15, 2019 09:05 am ET
Transition Intersects 9.14 Metres Grading 23.22 Grams per Tonne Gold from RAB Drilling Program at Highland Gold Project, Cape Breton
 *Note: length represents downhole interval. Insufficient information exists to estimate true thickness
Jan 09, 2019 06:20 pm ET
Transition Issues Incentive Stock Options
Sudbury, Ontario--(Newsfile Corp. - January 9, 2019) - Transition Metals Corp. (TSXV: XTM) ("Transition" or "the Company") announces it has granted a total of 1,950,000 incentive stock options to directors, management and employees of the Company pursuant to the Company's stock option plan and subject to regulatory approval. The options are exercisable for a period of five years at a price of $0.10 per share. The shares issuable upon exercise shall be subject to a four-month hold period from the date of the grant of the options.
Jan 09, 2019 08:19 am ET
Canadian Gold Miner Discovers New Gold Zone South of Kirkland Lake
Sudbury, Ontario--(Newsfile Corp. - January 9, 2019) - Canadian Gold Miner ("CGM" or "the Company") and Transition Metals Corp. (TSXV: XTM) ("Transition Metals") are pleased to announce the discovery of a new gold zone dubbed "Behold Zone" located approximately 10 kilometres south of Kirkland Lake, Ontario. The zone is located near the northwest edge of a recently identified 800 metre long, Induced Polarization (IP) chargeability and resistivity anomaly occurring within a favourable structure and alteration corridor that the Company has been able to trace for more than 1.5 kilometres along strike.
Dec 31, 2018 09:09 am ET
Transition Metals Corp. Closes Private Placement
Sudbury, Ontario--(Newsfile Corp. - December 31, 2018) - Transition Metals Corp. (TSXV: XTM) ("Transition" or "the Corporation") is pleased to report it has closed its previously announced (see news release dated December 21, 2018) flow-through private placement raising $199,985 from the sale of 1,739,000 Flow Through common shares at a price of $0.115 per share. The new securities issued are subject to the standard four month hold period expiring April 29, 2019.
Dec 20, 2018 04:54 pm ET
Transition Metals Corp. Announces up to $200,000 Private Placement
Sudbury, Ontario--(Newsfile Corp. - December 20, 2018) -  Transition Metals Corp. (TSXV: XTM) ("Transition" or "the Corporation") is pleased to announce that it intends to raise up to $200,000 by way of a non-brokered private placement financing consisting of up to 1,739,130 Flow Through common shares at a price of $0.115 per share.
Nov 13, 2018 09:51 am ET
Transition Begins Drilling to Test Promising Gold Targets in Nova Scotia on the Highland Gold Property
Sudbury, Ontario--(Newsfile Corp. - November 13, 2018) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") has initiated a program of reverse air blast (RAB) drilling in Cape Breton, Nova Scotia. RAB drilling produces a mixture of crushed rock powder and chips when the ground being drilled is extensively weathered and broken.
Nov 06, 2018 08:38 am ET
SPC Metals Intersects 13.60 m of Ni-Cu-Co-PGM Mineralization Grading 2.49% Nickel Equivalent Below Past Producing Robinson Mine in Ontario
Sudbury, Ontario--(Newsfile Corp. - November 6, 2018) - SPC Metals ("SPC", the Company) and Transition Metals Corp. (TSXV: XTM) ("Transition") are pleased to provide a corporate update and to announce assay results from fall drilling at the company's Aer-Kidd Project, near Sudbury Ontario. SPC is a division of Sudbury Platinum Corporation, a private company in which by Transition Metals has a 28% ownership.
Oct 10, 2018 09:23 am ET
Transition Metals: 19 Metres of 1% Copper Intersected on Transition's Optioned Janice Lake Project, Saskatchewan
Sudbury, Ontario--(Newsfile Corp. - October 10, 2018) - Transition Metals Corp (TSXV: XTM) ("Transition") is pleased to announce that Forum Energy Metals (Forum) has completed a four-hole, 447m diamond drill program on the Janice Lake Sedimentary Copper Project located in northern Saskatchewan's Wollaston Copperbelt.
Sep 27, 2018 09:00 am ET
Transition Stakes Additional Ground and Initiates Airborne Geophysical Survey on Highland Gold Property
Sudbury, Ontario--(Newsfile Corp. - September 27, 2018) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce it has begun to conduct a high resolution airborne geophysical survey over its Highland Gold property located in the Cape Breton Highlands of Nova Scotia. The survey, to be completed by Terraquest Ltd., will collect low level, fixed wing high resolution horizontal magnetic gradient and very low frequency (VLF) conductance data flown at lines spaced 50 metres apart covering most of the of the property. The Highland Gold property was optioned only recently (see press release dated September 20, 2018) and covers an extensive cluster of high-grade gold occurrences in an area that have seen very limited exploration.
Sep 20, 2018 11:51 am ET
Transition Options High Grade Gold Opportunity in Nova Scotia
SUDBURY, ON, Sept. 20, 2018 /CNW/ - Transition Metals Corp (XTM – TSX.V) ("Transition", "the Company") is pleased to announce that it has entered into an option agreement to acquire a 100% interest in the >45 square kilometre Highland Gold property located in the Cape Breton Highlands of Nova Scotia. The property covers an extensive cluster of high grade gold occurrences that have seen very limited exploration.
Sep 05, 2018 09:00 am ET
Transition Receives Positive Assay Results from New Exploration Projects located in Northwestern Ontario
SUDBURY, ON, Sept. 5, 2018 /CNW/ - Transition Metals Corp (XTM – TSX.V) ("Transition", "the Company") is pleased to provide assays results from preliminary prospecting completed on the company's Revell and Island Copper Projects located in northwestern Ontario. Both the Revell and Island Copper properties were acquired by XTM in April of 2018 as part of a much larger staking program (see April 23, 2018 – Press Release) designed at acquiring low-cost exploration assets consistent with the company's Project Generator Business Model.
Aug 28, 2018 09:00 am ET
Transition signs binding Letter of Intent for the sale of the Dundonald Nickel Project
SUDBURY, ON, Aug. 28, 2018 /CNW/ - Transition Metals Corp (TSX.V: XTM) ("Transition", "the Company") is pleased to announce that the Company has signed a binding Letter of Intent with VaniCom Limited ("VaniCom") of Perth, Western Australia for the sale of a 100% interest in the Dundonald Nickel Project located near Iroquois Falls, Ontario (the "Property").
Aug 21, 2018 10:59 am ET
Transition Reports 3.04% Co and 31.6 g/t Ag from Selective Samples of Rock Dumps from the Big Four Showing at Gowganda Gold Project
SUDBURY, ON, Aug. 21, 2018 /CNW/ - Transition Metals Corp. (TSXV: XTM) ("Transition") is pleased to report that recent sampling of the waste rocks at the Big Four showing returned up to 3.04% Co and 31.6 g/t Ag from grab sampling of cobaltite-rich material. The Big Four showing is located within the historic Gowganda silver-cobalt camp approximately 2.0 km southwest of Castle Silver Resources Inc. past producing Castle Mine. The Gowganda Gold project was recently returned to the Company under an option agreement with Aldershot Resources Ltd (see press release dated April 26, 2016).
Aug 14, 2018 09:05 am ET
Drilling at Janice Lake in Saskatchewan's Wollaston Copperbelt Commences
SUDBURY, ON, Aug. 14, 2018 /CNW/ - Transition Metals Corp (TSX.V: XTM) ("Transition", "the Company") is pleased to report Forum Energy Metals Corp (TSXV: FMC, "Forum") has prioritized exploration and commenced a diamond drill program at the Janice Lake Sedimentary Copper Project. Forum can earn a 100% interest under option from Transition (see press releases dated February 6th and 15th, 2018)
Jun 27, 2018 12:56 pm ET
Canadian Gold Miner Provides Update of Activities and Initiates South Kirkland Summer Exploration Program
SUDBURY, ON, June 27, 2018 /CNW/ - Canadian Gold Miner ("CGM" or "the Company") and Transition Metals Corp. ("Transition Metals", XTM.V) are pleased to provide an update regarding Company activities.
Jun 25, 2018 09:15 am ET
SPC Metals Closes Private Placement Totaling $1,910,714
SUDBURY, ON, June 25, 2018 /CNW/ - Sudbury Platinum Corporation ("SPC Metals" or "the Corporation"), a private corporation 30% owned by Transition Metals Corp (XTM –TSX-V), announces that it has closed a non‑brokered private placement financing of $1,910,714.  The financing consisted of 2,258,320 units (the "Units") of the Corporation at a price of $0.20 per Unit, for gross proceeds of $451,664 and 7,100,000 Flow Through Shares at a price of $0.2055 per share for gross proceeds of $1,459,050.  Each Unit consisted of one common share of the Corporation (a "Common Share") and one transferable
Jun 05, 2018 11:39 am ET
Canadian Gold Miner's Option Partner IAMGOLD Obtains 5.5 g/t Gold over 3.3 metres from Channel Sample Results at Jumping Moose
SUDBURY, ON, June 5, 2018 /CNW/ - Canadian Gold Miner ("CGM" or "the Company) and Transition Metals Corp. ("Transition Metals", XTM.V) are pleased to report results from channel sampling completed on the Jumping Moose property by option partner IAMGOLD Corporation ("IAMGOLD"). Assay results from this work initiated by IAMGOLD in late 2017 returned gold values from channel samples ranging from nil to 22.7 g/t gold including 5.50 g/t gold over 3.3 metres from a new trenched bedrock exposure of sheared gabbro hosting quartz veining and disseminated sulphides.
May 29, 2018 09:00 am ET
Transition Provides Update on Highly Prospective Vanadium Asset within Ontario
SUDBURY, ON, May 29, 2018 /CNW/ - Transition Metals Corp (XTM – TSX.V) ("Transition", "the Company") is pleased to provide an update on the Empire Lake Project, a highly prospective Vanadium Property located in northwestern Ontario. The Empire Lake Property was acquired by XTM in April of 2018 as part of a much larger staking program (see April 23, 2018 – Press Release) designed at acquiring low-cost exploration assets consistent with the company's Project Generator Model.
May 02, 2018 02:59 pm ET
Transition Metals Retains IR Plus for Investor Relations Services
/THIS PRESS RELEASE, PROVIDED PURSUANT TO APPLICABLE CANADIAN REQUIREMENTS, IS NOT FOR DISTRIBUTION TO UNITED STATES NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION OR APPLICABLE EXEMPTION FROM REGISTRATION REQUIREMENTS./
Apr 23, 2018 09:00 am ET
Transition Metals Announces the Staking of Six New Exploration Projects within Ontario
SUDBURY, ON, April 23, 2018 /CNW/ - Transition Metals Corp (XTM – TSX.V) ("Transition", "the Company") is pleased to announce the completion of a large staking program where six additional projects, totaling 244 cells (approximately 5,100 hectares) were added across Ontario in areas that the Company identified as being prospective for both base and precious metals.
Mar 27, 2018 08:30 am ET
Transition Metals Corp Announces Drill Results From its Sunday Lake PGM Project Including 35.80m @ 3.90 g/t PGM
SUDBURY, ON, March 27, 2018 /CNW/ - Transition Metals Corp (XTM – TSX.V) ("Transition", "the Company") is pleased to announce it has received the first set of assay results from the ongoing drill program conducted by North American Palladium (NAP), on the Sunday Lake platinum-palladium (PGM) Project.  NAP holds an option to earn up to a 75% interest in the Property and XTM holds a 25% free carried interest through to the completion of a Feasibility Study.
Mar 21, 2018 02:53 pm ET
Transition Metals, Over 25 Exploration Projects Across Canada, CEO Clip Video
Vancouver, British Columbia--(Newsfile Corp. - March 21, 2018) - Scott Mclean, President and CEO of Transition Metals, talks about the company's involvement with over 25 projects across Canada.
Mar 05, 2018 01:42 pm ET
Sudbury Platinum intersects near surface Ni-Cu-Co-PGM mineralization at Aer-Kidd
SUDBURY, ON, March 5, 2018 /CNW/ - Sudbury Platinum Corporation ("SPC") and Transition Metals Corp. (XTM – TSX.V,  "Transition", "the Company") are pleased to provide a project update and to announce assay results from fall drilling completed at the company's Aer-Kidd Project, near Sudbury Ontario. During a period from November to December the company completed eight holes for a total of 1,371m designed to evaluate the up-dip and down-dip potential of the past-producing Rosen and Robinson Mines which are located on the property adjacent to Vale's producing Totten mine.  SPC is a private comp
Feb 28, 2018 10:33 am ET
Transition Metals Will be at the PDAC 2018 International Convention
SUDBURY, ON, Feb. 28, 2018 /CNW/ - Transition Metals Corp. ("Transition", XTM – TSX.V) together with its affiliated companies, Sudbury Platinum Corporation and Canadian Gold Miner Corp are pleased to announce attendance at the Prospectors & Developers Association of Canada (PDAC) 2018 Convention in Toronto, ON.
Feb 15, 2018 10:34 am ET
Transition and Forum Combine Efforts to Secure Camp Scale Land Position Around the Janice Lake Copper Project, Saskatchewan
SUDBURY, ON, Feb. 15, 2018 /CNW/ - Transition Metals Corp. ("Transition", XTM – TSX.V) and Forum Uranium Corp. ("Forum", FDC-TSX.V) and, collectively ("the Parties") are pleased to announce that the Parties have successfully staked an additional 15,331 hectares of claims to cover over 30 km of the prospective copper trend in the Janice Lake area located 55 kilometres southeast of the Key Lake uranium processing facility. This significantly increases the size of the property to more than 190 square kilometres. (Figure 1).  More than 25 zones of copper mineralization have been identified on th
Feb 15, 2018 08:00 am ET
Forum Stakes Additional Claims at Janice Lake Copper Project, Saskatchewan & Closes Acquisition from Transition Metals
Vancouver, British Columbia--(Newsfile Corp. - February 15, 2018) - Forum Uranium Corp. (TSXV: FDC) ("Forum") and Transition Metals Corp. (TSXV: XTM) ("Transition"), collectively ("the Parties") are pleased to announce that the Parties have successfully staked an additional 15,331 hectares of claims to cover over 30 km of the prospective copper trend in the Janice Lake area located 55 km southeast of the Key Lake uranium processing facility. The property now consists of 18 mining claims for a total of 19,289 hectares (Figure 1). Numerous surface copper showings were discovered by historical prospecting over a 10 km trend and the remaining 20 km trend remains under prospected or covered by thin overburden.
Feb 06, 2018 09:41 am ET
Transition Options 100% Interest in the Janice Lake Sedimentary Copper Project, Saskatchewan to Forum Uranium
SUDBURY, ON, Feb. 6, 2018 /CNW/ - Transition Metals Corp. ("Transition", XTM – TSX.V) and Forum Uranium Corp. ("Forum", FDC-TSX.V), collectively ("the Parties") are pleased to announce that the Parties have entered into a definitive agreement (the "Agreement") whereby Forum has optioned a 100% interest in the Janice Lake Sedimentary Copper Property (the "Property"), in north-central Saskatchewan. The Janice Lake Property is located 55 kilometres southeast of the Key Lake uranium processing facility in close proximity to several of Forum's core uranium exploration projects.
Feb 06, 2018 09:00 am ET
Forum Options 100% Interest in the Janice Lake Sedimentary Copper Project, Saskatchewan from Transition Metals
Vancouver, British Columbia--(Newsfile Corp. - February 6, 2018) - Forum Uranium Corp. (TSXV: FDC) ("Forum") and Transition Metals Corp. (TSXV: XTM) ("Transition"), collectively ("the Parties") are pleased to announce that the Parties have entered into a definitive agreement (the "Agreement") whereby Forum has optioned a 100% interest in the Janice Lake Sedimentary Copper Property (the "Property"), in north-central Saskatchewan. The Janice Lake Property is located 55 kilometres southeast of the Key Lake uranium processing facility in close proximity to several of Forum's core uranium exploration projects (Figure 1).
Jan 18, 2018 09:38 am ET
Transition Metals Reports on 2017 Achievements and 2018 Plans
/THIS PRESS RELEASE, PROVIDED PURSUANT TO APPLICABLE CANADIAN REQUIREMENTS, IS NOT FOR DISTRIBUTION TO UNITED STATES NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION OR APPLICABLE EXEMPTION FROM REGISTRATION REQUIREMENTS./
Dec 14, 2017 04:08 pm ET
Transition Metals Corp. Closes Second Tranche of Private Placement
/THIS PRESS RELEASE, PROVIDED PURSUANT TO APPLICABLE CANADIAN REQUIREMENTS, IS NOT FOR DISTRIBUTION TO UNITED STATES NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION OR APPLICABLE EXEMPTION FROM REGISTRATION REQUIREMENTS./
Dec 07, 2017 08:42 am ET
Transition Metals Corp. Closes First Tranche of Private Placement
/THIS PRESS RELEASE, PROVIDED PURSUANT TO APPLICABLE CANADIAN REQUIREMENTS, IS NOT FOR DISTRIBUTION TO UNITED STATES NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION OR APPLICABLE EXEMPTION FROM REGISTRATION REQUIREMENTS./
Nov 27, 2017 08:35 am ET
Transition Metals Corp. Announces up to $1.1 Million Private Placement
SUDBURY, ON, Nov. 27, 2017 /CNW/ - Transition Metals Corp. (XTM – TSX.V) ("Transition" or "the Corporation") is pleased to announce that it intends to raise up to $1,100,000 by way of a non‑brokered private placement financing consisting of up to 7,333,333 units (the "Units") at a price of $0.15 per Unit, for gross proceeds of up to $1,100,000.  Each Unit will consist of one common share of the Corporation (each, a "Common Share") and one transferable share purchase warrant (each, a "Warrant").  Each Warrant will entitle the holder to purchase one additional Common Share for a period of 24 m
Nov 24, 2017 07:10 am ET
Canadian Gold Miner and Osisko Mining team up to accelerate gold exploration projects in Ontario
SUDBURY, ON, Nov. 24, 2017 /CNW/ - Canadian Gold Miner Corp. ("CGM" or the "Company") and Transition Metals Corp. (a 40% owner of CGM; XTM – TSX.V, "Transition") are pleased to announce that CGM has today concluded a transaction with Osisko Mining Inc. ("Osisko") to acquire the DeSantis property, a historical gold producer located in the heart of the Timmins Gold Camp, and an option on the Catharine Property, a large exploration land package near CGM's focus area south of Kirkland Lake, Ontario in exchange for 2.5 million common shares of CGM valued at $0.20 per share. Concurrent with the tr
Nov 01, 2017 01:13 pm ET
Canadian Gold Miner Options Gold and Cobalt Properties to Explorex
SUDBURY, ON, Nov. 1, 2017 /CNW/ - Canadian Gold Miner Corp ("CGM", the Company) and Transition Metals Corp. (50% owner of CGM; XTM – TSX.V, "Transition"), jointly announce that CGM has entered into an agreement with Explorex Resources Ltd. (Explorex) to option 100% of CGM's interest in its Cobalt-Paragon Project (previously referred to as the Golden Elk Property by XTM/CGM, or the Property) to Explorex in exchange for $140,000 (of which $130,000 can be in cash or shares), the issuance of 1,700,000 Explorex shares and the completion of $1,275,000 in work expenditures over a 3-year period. Upo
Oct 12, 2017 04:52 pm ET
Canadian Gold Miner and Osisko Mining sign a non-binding letter of intent to acquire a portfolio of gold exploration properties in Ontario
SUDBURY, ON, Oct. 12, 2017 /CNW/ - Canadian Gold Miner Corp. ("CGM" or the "Company") and Transition Metals Corp. (XTM – TSX.V, "Transition") together announce that CGM has entered into a non-binding letter of intent with Osisko Mining Inc. (OSK – TSX, "Osisko") whereby, subject to the execution of definitive agreements on terms acceptable to the parties, Osisko would assign its ownership interest in two exploration stage properties to CGM in exchange for stock of CGM. In addition, Osisko would provide financing to CGM, on a private placement basis, in the amount of $1.0 million in exchange
Sep 14, 2017 03:21 pm ET
Canadian Gold Miner Sampling at Cook Showing in South Kirkland Returns of up to 8.13 Grams per Tonne Gold in Selected Grab Samples
SUDBURY, ON, Sept. 14, 2017 /CNW/ - Canadian Gold Miner Corp ("CGM", the Company) and Transition Metals Corp. (XTM – TSX.V, "Transition") present new sampling results from CGM's South Kirkland project. Assay results from 32 grab samples collected in the vicinity of the Cook showing returned gold values ranging from <0.001 to 8.130 g/t Au (see Table 1). The Cook showing is the second of 7 gold mineralized zones that the Company has identified in the southeastern portion of the South Kirkland project located 10 kilometres southeast of Larder Lake Ontario. Figure 1 shows the location of the
Jul 27, 2017 03:54 pm ET
Canadian Gold Miner Grab Sample Returns 29.5 Grams per tonne Gold from South Kirkland Project
SUDBURY, ON, July 27, 2017 /CNW/ - Canadian Gold Miner Corp ("CGM", the Company) and Transition Metals Corp. (XTM – TSX.V, "Transition") are pleased to announce preliminary sampling results from CGM's South Kirkland project. The Lafond showing is one of 7 gold mineralized zones that the Company has identified in the southeastern portion of the South Kirkland project located 10 kilometres southeast of Larder Lake Ontario. Figure 1 depicts the location of the Lafond showing within an outline of CGM's south Kirkland project area.
Jul 06, 2017 02:39 pm ET
Transition Metals Corp Options its Homathko High Grade Gold Project
SUDBURY, ON, July 6, 2017 /CNW/ - Transition Metals Corp (XTM – TSX.V) ("Transition", "the Company") is pleased to announce that it has optioned its Homathko project in British Columbia to Shamrock Enterprises Inc (SRS – CSE) ("Shamrock").  The property hosts high grade gold occurrences and consists of staked claims covering 2,986 hectares which are held by Transition. Under the terms of the option agreement, Shamrock can earn a 100% interest in the claims by providing Transition with $5,000 cash, $100,000 worth of Shamrock stock and completing $500,000 of exploration expenditures within 3 y
Jun 21, 2017 10:10 am ET
Transition Metals Corp and Impala Platinum sign a Definitive Option Agreement with North American Palladium on the Sunday Lake Pt-Pd Project
SUDBURY, ON, June 21, 2017 /CNW/ - Transition Metals Corp (XTM – TSX.V) ("Transition", "the Company") is pleased to announce the signing of a Definitive Option Agreement with North American Palladium ('NAP') on the Sunday Lake Project.  The property is currently held by Joint Venture Partners, Transition Metals Corp within its wholly-owned subsidiary, HTX Minerals Corp and Impala Platinum Holdings Limited (Implats). Under the terms of the agreement, North American Palladium has the right to acquire a 75% ownership in the Sunday Lake Project by completing work commitments totaling $4.5M and m
May 11, 2017 08:29 pm ET
Canadian Gold Miner Closes Private Placement
Gross Proceeds of $817,250 SUDBURY, ON, May 11, 2017 /CNW/ - Canadian Gold Miner Corp ("CGM") and Transition Metals Corp. (XTM – TSX.V, "Transition" or the "Company") announce that CGM has closed a private placement totaling $817,250 by way of issuance of 5,294,998 units each consisting of a common share and common share purchase warrant exercisable for three years at $0.25 per share at a price of $0.15 per unit, and the issuance of 115,000 flow through eligible shares at a price of $0.20 (the Offering).  Concurrent with the financing, CGM has entered into a finders fee agreement with Gra
Apr 06, 2017 09:00 am ET
Transition Reports Intersection of 11.52 Metres Grading 1.63 g/t Gold from Drilling Funded by Partner Aldershot at Gowganda Gold Project
SUDBURY, ON, April 6, 2017 /CNW/ - Transition Metals Corp. (XTM – TSX.V) ("Transition") is pleased to report additional assay results from drilling at the Haultain discovery on the Gowganda Gold Project  located near Kirkland Lake Ontario. Work on the Gowganda Gold project is being funded by option partner Aldershot Resources Ltd. which is earning an interest in the project. Highlights from the latest round of drilling include 11.52 metres grading 1.63 grams per tonne gold (g/t)  including 6.21 g/t over 1.08 metres and 5.41 g/t over 1.03 metres. Previous highlights from drilling in 2017 incl
Mar 06, 2017 09:04 am ET
Canadian Gold Miner Options Projects Near Côté Gold Project
SUDBURY, ON, March 6, 2017 /CNW/ - Canadian Gold Miner ("CGM" or "the Company) and Transition Metals Corp. ("Transition Metals", XTM.V) are pleased to announce that CGM has entered into two option and joint venture agreements that allow Trelawney Mining and Exploration Inc. ("Trelawney"), a wholly owned subsidiary of IAMGOLD Corporation, to earn up to an 80% interest in the Jumping Moose and Elephant Head projects, located close to the Côté Gold deposit near Gogama Ontario by incurring work expenditures on the properties and making cash payments to CGM.
Mar 01, 2017 10:27 am ET
Transition and Aldershot Report Initial Assay Results from Drilling at Gowganda
SUDBURY, ON, March 1, 2017 /CNW/ - Transition Metals Corp. (XTM – TSX.V) ("Transition") and Aldershot Resources Ltd. ("Aldershot" or the "Company") (TSXV:ALZ Frankfurt: ASL1.F US: ALZTF.PK), are pleased to report on initial assay results from drilling completed on the Gowganda Gold project located 75 kilometres southwest of Kirkland Lake Ontario. The results are from the first two, of eleven completed holes for which additional assay results remain pending. Holes TMH-17-022 and TMH-17-023 were drilled to test for a down plunge continuation of stockwork veining exposed at surface in the vicin
Feb 08, 2017 03:03 pm ET
Canadian Gold Miner Reports High Gold Grade of 240 g/t Au from a 1.23 Tonne Sample at the Bjorkman Occurrence
SUDBURY, ON, Feb. 8, 2016 /CNW/ - Canadian Gold Miner ("CGM" or "the Company) is pleased to provide results from a 1.23 tonne sample of vein material that returned a head grade of 240 grams gold per tonne (g/t Au) (7.66 troy ounces gold per tonne – oz Au/t).  Canadian Gold Miner is a private company owned 65% by project generator Transition Metals Corp (XTM.V). The sample was collected from the Company's 100%-owned West Matachewan project located 25 kilometres along the Cadillac-Larder break west from Alamos Gold's Young Davidson Mine. Previous assays of surface grab samples collected from t
Jan 31, 2017 10:08 am ET
Transition and Aldershot Commence Drilling on the Gowganda Gold Project
SUDBURY, ON, Jan. 31, 2017 /CNW/ - Transition Metals Corp. (XTM – TSX.V) ("Transition" or "the Company"), is pleased to announce that drilling is now underway on the Gowganda Gold project located 75 kilometres southwest of Kirkland Lake Ontario. The objective of the current drill program is to test high priority gold targets associated with mineralized and altered syenite and gold veins identified from surface trenching and previous drilling as detailed below. One drill is turning with plans to complete approximately 1,500 metres of drilling by early March 2017.
Jan 23, 2017 12:29 pm ET
Transition Metals Discovers a New Platinum-Palladium Mineralized Intrusion at Saturday Night Property, Thunder Bay, Ontario
SUDBURY, ON, Jan. 23, 2017 /CNW/ - Transition Metals Corp. (XTM – TSX.V)  ("Transition", "the Company"), is pleased to announce the discovery of a new platinum group metals (Pt+Pd+Au or PGM's) enriched intrusion within the emerging Midcontinent Rift Ni-Cu-PGM camp at the Company's 100% owned Saturday Night Property, located 25 kilometres north of Thunder Bay, Ontario. The Saturday Night Intrusion (SNI) was discovered by a single, 601 metre drill hole (SN-16-001), drilled by the Company that tested an 800 metre diameter magnetic target with similar characteristics to the Company's award winni
Nov 08, 2016 12:16 pm ET
Transition and Aldershot Initiate Work at the Haultain Gold Discovery
SUDBURY, ON, Nov. 8, 2016 /CNW/ - Transition Metals Corp. (XTM – TSX.V) ("Transition" or "the Company"), is pleased to announce that it has executed an Option and Joint Venture Agreement with Aldershot Resources Ltd. (ALZ.H – TMX NEX) ("Aldershot") and has initiated exploration work on the Haultain Gold Discovery. Under the agreement, Aldershot can earn an initial 51% interest and up to a 75% interest in the Company's Gowganda Gold project (the Property) area located 75 kilometres southwest of Kirkland Lake. The project hosts the Haultain Gold discovery, a zone of widespread alteration and g
Aug 22, 2016 10:15 am ET
Canadian Gold Miner Closes Private Placement for Gross Proceeds of $495,000
SUDBURY, ON, Aug. 22, 2016 /CNW/ - Canadian Gold Miner Corp ("CGM") and Transition Metals Corp. (XTM – TSX.V, "Transition" or the "Company") announce that CGM has closed a seed financing totaling $495,000 by way of issuance of 4,950,000 common shares (the Offering) at a price of $0.10 per share.  Of the total financing, $250,000 was placed by agents from Haywood Securities Inc. (Haywood) which received a 5% commission on its sourced portion of the Offering.
Jun 14, 2016 10:15 am ET
Transition Vests 100% Interest in Sunday Lake PGM-Ni-Cu Project
SUDBURY, ON, June 14, 2016 /CNW/ - Transition Metals Corp. (XTM – TSX.V) ("Transition" or "the Company"), is pleased to announce that the Company and its Joint Venture partner, Impala Platinum Holdings ("Implats") have now vested a 100% interest in the core property positon of the Sunday Lake Project.
Jun 01, 2016 10:15 am ET
Sudbury Platinum Resumes Drilling at Aer-Kidd and Commences Exploration Activities at Lockerby East
SUDBURY, ON, June 1, 2016 /CNW/ - Sudbury Platinum Corporation ("SPC" or "the Company") and Transition Metals Corp. (XTM – TSX.V) ("Transition") are pleased to announce the resumption of exploration activities on their 100% owned Aer-Kidd and Lockerby East Projects located within the Sudbury mining camp. Transition is the majority shareholder of SPC and holds approximately 36% of the outstanding shares.
Apr 26, 2016 10:52 am ET
Transition Enters into Binding Letter of Intent to Option Gowganda Gold Project to Aldershot Resources
SUDBURY, ON, April 26, 2016 /CNW/ - Transition Metals Corp. (XTM – TSX.V) ("Transition" or "the Company"), is pleased to announce that it has executed a binding letter of intent to enter into an Option and Joint Venture Agreement with Aldershot Resources Ltd. (ALZ.H – TMX NEX) ("Aldershot") whereby Aldershot can earn a 51% interest and up to a 75% interest in the Company's Gowganda Gold project area located 75 kilometres southwest of Kirkland Lake. The project hosts the Haultain Gold discovery, a zone of widespread alteration and gold mineralization associated with a suite of syenitic intrus
Mar 23, 2016 01:43 pm ET
Sudbury Platinum Closes Private Placement For Gross Proceeds of $3,177,975
SUDBURY, ON, March 23, 2016 /CNW/ - Sudbury Platinum Corporation ("SPC") and Transition Metals Corp. (XTM – TSX.V, "Transition" or the "Company") announce that SPC has closed a financing totaling $3,177,975 by way of issuance of 8,690,834 Flow Through common shares at a price of $0.33 per share, 148,649 Flow Through common shares at a price of $0.37 per share and 850,000 common shares at a price of $0.30 per share. Of the total financing, $2,250,000 was raised via a bought non-brokered private placement (the "Offering") by a group of Agents including Red Cloud Mining Capital and Resource Cap