General Metals Corp (GNMT) 0.0140 $GNMT
General Metals Announces Letter of Intent With Compass Holdings
eTeligis - Mon Apr 28, 11:02PM CDT
General Metals Corporation (OTCQB:GNMT) (www.generalmetalscorporation.com) (the "Company"
announced today that it has executed a binding Letter of Intent with Compass Holdings, LLC, a private investment company headquartered in Layton, Utah ("Compass" to (i) acquire outright the leasehold interest in all of the gold and silver mining claims (the "Wilson-Independence Mine" currently held by the Independence Gold-Silver Mines, Inc. and (ii) to form a Joint Venture (the "JV" to complete the exploration and evaluation of the Wilson Independence Mine with the objective of bringing the property into commercial production. Under the terms of the Company's agreement with Compass, Compass will pay $1.0 million, in two tranches, to acquire the mining claims interest and to provide working capital to General Metals. The initial tranche -- $500,000 -- will be paid by April 25, 2014 and the balance no later than 120 days following the execution of a definitive JV Agreement between the Company and Compass at which point the JV will own free and clear 100% of the interest in the Wilson- Independence Mine. This ownership will be subject only to a 2.125% royalty interest retained by Independence Gold and Silver Mines, Inc., a 1% royalty held by Gold Range, Inc., and a contingent royalty of 1% payable to Compass in the event of a sale of the Wilson-Independence Mine.
General Metals Announces Results of Core Assays at the Independence Gold and Silver Project, Announces New Website Address
Marketwire - Thu Feb 13, 8:49AM CST
General Metals Corporation (OTCQB: GNMT): (www.nevada-goldmine.com) announced today that the recently completed analytical work on drill core samples from its Independence Gold and Silver Project yielded results that were fully consistent with resource values set forth in the Company's CNI 43-101 report. That report estimated a resource of 16.1 million tons at .014 au and 223,300 au oz, measured and indicated (note this is from v13 and v15 for OPG has 212,500oz). Jeffrey A. Rassuchine, the Company's Senior Consulting Geologist, oversaw the work which involved approximately 80 samples from 300 feet of drill core from three zones -- two located southeast of the old head frame and the third in the Hill Zone. The core cutting, fire assaying and atomic absorption work was conducted under Mr. Rassuchine's supervision at American Assay Laboratories in Sparks, Nevada.
Endeavour Silver Reviews 2013 Exploration Results and Plans for 2014, Will Release 2013 Financial Results on March 10, 2014
Marketwire - Tue Feb 04, 6:31AM CST
Endeavour Silver Corp. (TSX: EDR) (NYSE: EXK) released today a review of the Company's exploration results in 2013 and its exploration plans for 2014.
General Metals Corporation Announces Release of Research and Equity Evaluation Report by Prime Equity Research, LLC
Marketwire - Mon Nov 18, 11:29PM CST
General Metals Corporation (OTCQB: GNMT) (BERLIN: GMQ) announces that Vitalie Eremia, CFA and Analyst with New York based independent research firm Prime Equity Research, LLC, has released an updated research and equity evaluation report on the Company.
General Metals Announces Potential for Improved Silver Recovery at Independence Gold and Silver Project, Battle Mountain Nevada.
ACCESSWIRE - Wed Sep 11, 7:36AM CDT
RENO, NV, September 11, 2013 - (ACCESSWIRE) - General Metals Corporation (OTCQB: GNMT) (http://www.generalmetalscorporation.com/) released today new details on experimental recovery work conducted on mineralized material from the Company's flagship Independence Project near Battle Mountain, Nevada.. Following the addition of selected reagents to a bottle roll test carried out in February of this year at McClelland Laboratories, Inc., of Sparks, Nevada, silver recoveries increased by almost 20%. The Company's metallurgical consultant, Dr. Thom Seal PE & QP, who directed the testing and recommended the reagent modification, noted: "The single bottle roll test had an improved silver extraction of about 19% over a parallel standard cyanide bottle roll test on another split of the same sample. While this is only one test on a grab sample, it does show improved silver extraction and merits further test work on a representative Independence mine sample."
General Metals Sets Date for Special Meeting of the Stockholders
ACCESSWIRE - Tue Aug 27, 4:46AM CDT
RENO, NV - (ACCESSWIRE- 8/27/2013 5:30:00 AM) - General Metals Corporation (OTCQB: GNMT) (http://www.generalmetalscorporation.com/), strategically located in the prolific Battle Mountain Nevada mining district, announced today that it will hold a special meeting of stockholders on Monday, October 21, 2013 at 10:00 a.m. (Pacific time) at The Center for Unique Business Enterprises, 300 East 2nd Street., #1405, Reno, NV, 89501. The delay in this meeting is the result of inquiries by the SEC and we will be filing the response to their inquiries this week. The Meeting is being held to: i) elect five directors to the board; ii) to appoint Ingenium Accounting Associates as independent public accountant; and, iii) approve an up to a 20:1 reverse stock split. The Open Gold Transaction is scheduled for a separate vote once funding is finalized.
General Metals Initiates New Core Assay Analysis at the Independence Gold and Silver Mining Project
ACCESSWIRE - Thu Aug 22, 6:06AM CDT
RENO, NV (ACCESSWIRE) 8/22/2013 5:46:00 AM - - General Metals Corporation (OTCQB: GNMT): (http://www.generalmetalscorporation.com/) announced today that it was initiating a new round of analytical work on drill core samples from its Independence Gold and Silver Project located near Battle Mountain, Nevada. Jeffrey A. Rassuchine, the Company's Senior Consulting Geologist, will oversee the project which will involve approximately 80 samples from 300 feet of drill core from three zones - two located southeast of the old head frame and the third in the Hill Zone. The core cutting, fire assaying and atomic absorption work will be conducted under Mr. Rassuchine's supervision at American Assay Laboratories in Sparks, Nevada. The work will begin during the week of the 19th August 2013 with results to follow shortly. This core is taken from holes that "twinned" (paralleled) three holes drilled by West Core Drilling under the supervision of Dyer Engineering in the course of their earlier geotechnical work at the Property. The first core samples submitted will be from GM #T54-11 which twinned Hole #54 in the Hill Zone.
General Metals President's Open Letter to Shareholders Upon the Release of Its Annual Report
ACCESSWIRE - Thu Aug 15, 12:10PM CDT
RENO, NV, 8/15/2013 1:05:00 PM - General Metals Corporation (OTCQB: GNMT): (www.generalmetalscorporation.com), a gold and silver mining company, announced today the release of its Annual Report in the Securities and Exchange Commission's Form 10-K. The Report summarizes the Company's results for its most recently completed fiscal year ending on April 30, 2013. This report along with other Company filings is available to the public over the Internet at the SEC's website at (http://www.sec.gov).
General Metals CEO Provides FAQ on Latest Capital Raise Ahead of Shareholder Meeting
ACCESSWIRE - Thu Jun 20, 8:10AM CDT
RENO, NV, June 20, 2013 -- General Metals Corporation (OTCQB: GNMT): (www.generalmetalscorporation.com) released today an interview with the President and CEO of the Company, Daniel J. Forbush, in which Mr. Forbush responded to a series of questions about the recently announced transaction with Open Gold Corporation and about the agenda items at the upcoming meeting of shareholders tentatively rescheduled for Wednesday, August 28, 2013 at 10:00 a.m. (PDT) in Reno, Nevada as the Security and Exchange Commission has notified the Company that it intends to review the preliminary prospectus currently filed with and issue a comment letter within 23 days from today.
General Metals Sets Date For Special Meeting Of The Stockholders
PR Newswire - Wed Jun 12, 11:16PM CDT
General Metals Corporation (OTCQB: GNMT): (www.generalmetalscorporation.com) strategically located in the prolific Battle Mountain Nevada mining district, announced today that it will hold a special meeting of stockholders on Wednesday, July 31, 2013 at 10:00 a.m. (Pacific time) at a Reno Nevada location to be announced shortly. The Meeting is being held to: i) elect five directors to the board; ii) to appoint Ingenium Accounting Associates as independent public accountant; iii) approve an up to a 20:1 reverse stock split; and, iv) approve the transaction with Open Gold Corporation.
Open Gold Announces Private Placement of Units
Filing Services Canada - Wed May 29, 2:50PM CDT
Open Gold Corp. (OPG - TSX Venture), ("Open Gold" or the "Company" is pleased to announce that it proposes to issue up to 50 million Units of the Company at a price of $0.05 per Unit, for gross proceeds of up to $2,500,000. Each Unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of $0.10 per share for a period of 18 months.
General Metals and Open Gold Enter into Definitive Agreement on Independence Project
Filing Services Canada - Thu May 23, 11:50AM CDT
Open Gold Corp. (OPG - TSX Venture), General Metals Corporation (OTCQB: GNMT.OB); www.generalmetalscorporation.com, and Open Gold Corp., a Canadian junior mining company listed on both the TSX Venture and Frankfurt Exchanges; www.opengoldcorp.com, jointly announce the entry into a definitive agreement for the acquisition by Open Gold of the Independence Gold and Silver Mining Project near Battle Mountain, Nevada by Open Gold. The Independence Project comprises 14 mining claims, covering approximately 240 acres, and 480 acres of private fee surface land exclusive of mineral rights.
General Metals Provides Q's and A's and an Update on Transaction that will generate $2.350 million in New Funding
PR Newswire - Thu Mar 07, 9:36AM CST
Mr. Daniel J. Forbush, President and CEO of General Metals Corporation (OTC.QB: GNMT) (www.generalmetalscorporation.com) is providing a comprehensive list of questions and answers about the recent Letter of Intent that outlines a transaction between General Metals and Open Gold Corp., a Canadian junior mining company listed on the TSX Venture Exchange.
Why You Should Care About General Metals' Deal
ACCESSWIRE-TNW - Tue Mar 05, 7:36AM CST
Trading many junior mining stocks is a risky game, with volatile swings due to everything from commodity prices to new geological surveys. Diversified ETFs like Global X's Junior Miners ETF (NYSE: JUNR) may be trading down more than 16% over the past 52 weeks, but there are many unique opportunities for discerning investors. For instance, General Metals Corporation's (OTCQB: GNMT) recent agreement that could significantly push forward the timetable towards permitting and production on its Independence gold and silver mine in Nevada.
General Metals Announces Transaction That Will Generate $2.350 Million in New Funding
Business Wire - Fri Feb 01, 3:29PM CST
General Metals Corporation (OTC.QB: GNMT) (www.nevada-goldmine.com) announced today that it has entered into a Letter of Intent with Open Gold Corp (TSX/V: OPG), a Canadian junior mining company listed on the TSX Venture Exchange, to raise capital and provide better access for future capital needs. Per the terms of the Letter of Intent, $2.350 million will be raised to advance the development work on the General Metals Independence gold and silver mining project located near Battle Mountain, Nevada, initiate exploration of Open Gold's Mitchell Project and provide working capital.
General Metals Announces Letter of Intent With Compass Holdings
eTeligis - Mon Apr 28, 11:02PM CDT
General Metals Corporation (OTCQB:GNMT) (www.generalmetalscorporation.com) (the "Company"
announced today that it has executed a binding Letter of Intent with Compass Holdings, LLC, a private investment company headquartered in Layton, Utah ("Compass" to (i) acquire outright the leasehold interest in all of the gold and silver mining claims (the "Wilson-Independence Mine" currently held by the Independence Gold-Silver Mines, Inc. and (ii) to form a Joint Venture (the "JV" to complete the exploration and evaluation of the Wilson Independence Mine with the objective of bringing the property into commercial production. Under the terms of the Company's agreement with Compass, Compass will pay $1.0 million, in two tranches, to acquire the mining claims interest and to provide working capital to General Metals. The initial tranche -- $500,000 -- will be paid by April 25, 2014 and the balance no later than 120 days following the execution of a definitive JV Agreement between the Company and Compass at which point the JV will own free and clear 100% of the interest in the Wilson- Independence Mine. This ownership will be subject only to a 2.125% royalty interest retained by Independence Gold and Silver Mines, Inc., a 1% royalty held by Gold Range, Inc., and a contingent royalty of 1% payable to Compass in the event of a sale of the Wilson-Independence Mine. General Metals Announces Results of Core Assays at the Independence Gold and Silver Project, Announces New Website Address
Marketwire - Thu Feb 13, 8:49AM CST
General Metals Corporation (OTCQB: GNMT): (www.nevada-goldmine.com) announced today that the recently completed analytical work on drill core samples from its Independence Gold and Silver Project yielded results that were fully consistent with resource values set forth in the Company's CNI 43-101 report. That report estimated a resource of 16.1 million tons at .014 au and 223,300 au oz, measured and indicated (note this is from v13 and v15 for OPG has 212,500oz). Jeffrey A. Rassuchine, the Company's Senior Consulting Geologist, oversaw the work which involved approximately 80 samples from 300 feet of drill core from three zones -- two located southeast of the old head frame and the third in the Hill Zone. The core cutting, fire assaying and atomic absorption work was conducted under Mr. Rassuchine's supervision at American Assay Laboratories in Sparks, Nevada.
Endeavour Silver Reviews 2013 Exploration Results and Plans for 2014, Will Release 2013 Financial Results on March 10, 2014
Marketwire - Tue Feb 04, 6:31AM CST
Endeavour Silver Corp. (TSX: EDR) (NYSE: EXK) released today a review of the Company's exploration results in 2013 and its exploration plans for 2014.
General Metals Corporation Announces Release of Research and Equity Evaluation Report by Prime Equity Research, LLC
Marketwire - Mon Nov 18, 11:29PM CST
General Metals Corporation (OTCQB: GNMT) (BERLIN: GMQ) announces that Vitalie Eremia, CFA and Analyst with New York based independent research firm Prime Equity Research, LLC, has released an updated research and equity evaluation report on the Company.
General Metals Announces Potential for Improved Silver Recovery at Independence Gold and Silver Project, Battle Mountain Nevada.
ACCESSWIRE - Wed Sep 11, 7:36AM CDT
RENO, NV, September 11, 2013 - (ACCESSWIRE) - General Metals Corporation (OTCQB: GNMT) (http://www.generalmetalscorporation.com/) released today new details on experimental recovery work conducted on mineralized material from the Company's flagship Independence Project near Battle Mountain, Nevada.. Following the addition of selected reagents to a bottle roll test carried out in February of this year at McClelland Laboratories, Inc., of Sparks, Nevada, silver recoveries increased by almost 20%. The Company's metallurgical consultant, Dr. Thom Seal PE & QP, who directed the testing and recommended the reagent modification, noted: "The single bottle roll test had an improved silver extraction of about 19% over a parallel standard cyanide bottle roll test on another split of the same sample. While this is only one test on a grab sample, it does show improved silver extraction and merits further test work on a representative Independence mine sample."
General Metals Sets Date for Special Meeting of the Stockholders
ACCESSWIRE - Tue Aug 27, 4:46AM CDT
RENO, NV - (ACCESSWIRE- 8/27/2013 5:30:00 AM) - General Metals Corporation (OTCQB: GNMT) (http://www.generalmetalscorporation.com/), strategically located in the prolific Battle Mountain Nevada mining district, announced today that it will hold a special meeting of stockholders on Monday, October 21, 2013 at 10:00 a.m. (Pacific time) at The Center for Unique Business Enterprises, 300 East 2nd Street., #1405, Reno, NV, 89501. The delay in this meeting is the result of inquiries by the SEC and we will be filing the response to their inquiries this week. The Meeting is being held to: i) elect five directors to the board; ii) to appoint Ingenium Accounting Associates as independent public accountant; and, iii) approve an up to a 20:1 reverse stock split. The Open Gold Transaction is scheduled for a separate vote once funding is finalized.
General Metals Initiates New Core Assay Analysis at the Independence Gold and Silver Mining Project
ACCESSWIRE - Thu Aug 22, 6:06AM CDT
RENO, NV (ACCESSWIRE) 8/22/2013 5:46:00 AM - - General Metals Corporation (OTCQB: GNMT): (http://www.generalmetalscorporation.com/) announced today that it was initiating a new round of analytical work on drill core samples from its Independence Gold and Silver Project located near Battle Mountain, Nevada. Jeffrey A. Rassuchine, the Company's Senior Consulting Geologist, will oversee the project which will involve approximately 80 samples from 300 feet of drill core from three zones - two located southeast of the old head frame and the third in the Hill Zone. The core cutting, fire assaying and atomic absorption work will be conducted under Mr. Rassuchine's supervision at American Assay Laboratories in Sparks, Nevada. The work will begin during the week of the 19th August 2013 with results to follow shortly. This core is taken from holes that "twinned" (paralleled) three holes drilled by West Core Drilling under the supervision of Dyer Engineering in the course of their earlier geotechnical work at the Property. The first core samples submitted will be from GM #T54-11 which twinned Hole #54 in the Hill Zone.
General Metals President's Open Letter to Shareholders Upon the Release of Its Annual Report
ACCESSWIRE - Thu Aug 15, 12:10PM CDT
RENO, NV, 8/15/2013 1:05:00 PM - General Metals Corporation (OTCQB: GNMT): (www.generalmetalscorporation.com), a gold and silver mining company, announced today the release of its Annual Report in the Securities and Exchange Commission's Form 10-K. The Report summarizes the Company's results for its most recently completed fiscal year ending on April 30, 2013. This report along with other Company filings is available to the public over the Internet at the SEC's website at (http://www.sec.gov).
General Metals CEO Provides FAQ on Latest Capital Raise Ahead of Shareholder Meeting
ACCESSWIRE - Thu Jun 20, 8:10AM CDT
RENO, NV, June 20, 2013 -- General Metals Corporation (OTCQB: GNMT): (www.generalmetalscorporation.com) released today an interview with the President and CEO of the Company, Daniel J. Forbush, in which Mr. Forbush responded to a series of questions about the recently announced transaction with Open Gold Corporation and about the agenda items at the upcoming meeting of shareholders tentatively rescheduled for Wednesday, August 28, 2013 at 10:00 a.m. (PDT) in Reno, Nevada as the Security and Exchange Commission has notified the Company that it intends to review the preliminary prospectus currently filed with and issue a comment letter within 23 days from today.
General Metals Sets Date For Special Meeting Of The Stockholders
PR Newswire - Wed Jun 12, 11:16PM CDT
General Metals Corporation (OTCQB: GNMT): (www.generalmetalscorporation.com) strategically located in the prolific Battle Mountain Nevada mining district, announced today that it will hold a special meeting of stockholders on Wednesday, July 31, 2013 at 10:00 a.m. (Pacific time) at a Reno Nevada location to be announced shortly. The Meeting is being held to: i) elect five directors to the board; ii) to appoint Ingenium Accounting Associates as independent public accountant; iii) approve an up to a 20:1 reverse stock split; and, iv) approve the transaction with Open Gold Corporation.
Open Gold Announces Private Placement of Units
Filing Services Canada - Wed May 29, 2:50PM CDT
Open Gold Corp. (OPG - TSX Venture), ("Open Gold" or the "Company"
is pleased to announce that it proposes to issue up to 50 million Units of the Company at a price of $0.05 per Unit, for gross proceeds of up to $2,500,000. Each Unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of $0.10 per share for a period of 18 months. General Metals and Open Gold Enter into Definitive Agreement on Independence Project
Filing Services Canada - Thu May 23, 11:50AM CDT
Open Gold Corp. (OPG - TSX Venture), General Metals Corporation (OTCQB: GNMT.OB); www.generalmetalscorporation.com, and Open Gold Corp., a Canadian junior mining company listed on both the TSX Venture and Frankfurt Exchanges; www.opengoldcorp.com, jointly announce the entry into a definitive agreement for the acquisition by Open Gold of the Independence Gold and Silver Mining Project near Battle Mountain, Nevada by Open Gold. The Independence Project comprises 14 mining claims, covering approximately 240 acres, and 480 acres of private fee surface land exclusive of mineral rights.
General Metals Provides Q's and A's and an Update on Transaction that will generate $2.350 million in New Funding
PR Newswire - Thu Mar 07, 9:36AM CST
Mr. Daniel J. Forbush, President and CEO of General Metals Corporation (OTC.QB: GNMT) (www.generalmetalscorporation.com) is providing a comprehensive list of questions and answers about the recent Letter of Intent that outlines a transaction between General Metals and Open Gold Corp., a Canadian junior mining company listed on the TSX Venture Exchange.
Why You Should Care About General Metals' Deal
ACCESSWIRE-TNW - Tue Mar 05, 7:36AM CST
Trading many junior mining stocks is a risky game, with volatile swings due to everything from commodity prices to new geological surveys. Diversified ETFs like Global X's Junior Miners ETF (NYSE: JUNR) may be trading down more than 16% over the past 52 weeks, but there are many unique opportunities for discerning investors. For instance, General Metals Corporation's (OTCQB: GNMT) recent agreement that could significantly push forward the timetable towards permitting and production on its Independence gold and silver mine in Nevada.
General Metals Announces Transaction That Will Generate $2.350 Million in New Funding
Business Wire - Fri Feb 01, 3:29PM CST
General Metals Corporation (OTC.QB: GNMT) (www.nevada-goldmine.com) announced today that it has entered into a Letter of Intent with Open Gold Corp (TSX/V: OPG), a Canadian junior mining company listed on the TSX Venture Exchange, to raise capital and provide better access for future capital needs. Per the terms of the Letter of Intent, $2.350 million will be raised to advance the development work on the General Metals Independence gold and silver mining project located near Battle Mountain, Nevada, initiate exploration of Open Gold's Mitchell Project and provide working capital.
