Treasury Metals Inc.

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Treasury Metals Inc. is a gold-focused company with assets in Canada. Our flagship asset, Goliath Gold Project, is located in northwestern Ontario. Treasury Metals plans on the initial development of an open pit gold mine with subsequent underground operations.

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Treasury Metals Inc.

lockPrivateGroup

Treasury Metals Inc. is a gold-focused company with assets in Canada. Our flagship asset, Goliath Gold Project, is lo......

people8 Members       (0)

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8020Admin

15 days

8020Admin posted a press release Treasury Metals Announces Results of Annual Meeting of Shareholders in TREASURY METALS INC.





TSX: TML   OTCQX: TSRMF

TORONTO, June 17, 2019 /CNW/ - Treasury Metals Inc. ("Treasury Metals" or the "Company") (TSX:TML), a gold exploration and development company focused on Goliath Gold Project in northwestern Ontario, is pleased to provide below the results of its annual general meeting of shareholders (the "Meeting") held on June 12, 2019.


At the Meeting, a total of 29,129,659 common shares ("Common Shares") of the Company, were represented and all matters presented for approval at the Meeting have been duly authorized and approved, as follows:


Read more here: https://www.quotemedia.com/portal/quote?qm_symbol=TML%3ACA&qmodStoryID=6617312300678812 


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8020Admin

19 days

8020Admin posted a press release Treasury's Goliath Gold Project Achieves Permitting Milestone with Federal Release of Draft EA in TREASURY METALS INC.

 TSX: TML        OTCQX: TSRMF

TORONTO, June 14, 2019 /PRNewswire/ - Treasury Metals Inc. (TSX: TML) is pleased to provide an update on the advancement of the federal Environmental Assessment process for the Company's Goliath Gold Project in Northwestern Ontario (the "Project").


As part of the Federal Environmental Assessment ("EA") mine permitting process, the Canadian Environmental Assessment Agency ("the Agency") has released their Draft Environmental Assessment (EA) Report ("Draft EA Report") and the potential conditions that would be applied and be legally binding following an approval of the Project under the Canadian Environmental Assessment Act, 2012


"With the significant resources our Company and stakeholders have invested in the EA process, the full value of our advanced gold development project in Northwestern Ontario is near to being realized," said Greg Ferron, Chief Executive Officer of Treasury Metals Inc. "This final public comment period runs until July 12, 2019, and we encourage the public, interested parties and stakeholders to review and comment during the next month."


Following the conclusion of the 30-day final public comment period on the Draft EA Report and potential conditions of approval, the Agency will consider all comments received and submit a final EA Report and potential conditions to the Minister of Environment and Climate Change, who will then render a decision notice.


The Draft EA Report provides a detailed overview of the project and a copy of CEAA's Draft EA Report can be found on the Agency's website at https://ceaa-acee.gc.ca/050/documents/p80019/130192E.pdf. The Agency's news release is available by clicking here.


To view further details about the Goliath Gold Project, please visit the Company's website at www.treasurymetals.com.


Follow us on Twitter @TreasuryMetals


About Treasury Metals Inc.:


Treasury Metals Inc. is a gold focused exploration and development company with assets in Canada and is listed on the Toronto Stock Exchange ("TSX") under the symbol "TML" and on the OTCQX® Best Market under the symbol TSRMF. Treasury Metals Inc.'s 100% owned Goliath Gold Project in northwestern Ontario is slated to become one of Canada's next producing gold mines. With first-rate infrastructure currently in place and gold mineralization extending to surface, Treasury Metals plans on the initial development of an open pit gold mine to feed a 2,500 per day processing plant with subsequent underground operations in the latter years of the mine life. Goldeye Explorations Ltd. is a Canadian subsidiary of Treasury Metals Inc. Goldeye's flagship property is Weebigee, located near Sandy Lake in Northwestern Ontario, and there are two additional properties in Ontario (Gold Rock and Shining Tree-Fawcett).


Forward-looking Statements


This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expect, are forward-looking statements. Actual results or developments may differ materially from those in forward-looking statements. Treasury Metals disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.


View original content:http://www.prnewswire.com/news-releases/treasurys-goliath-gold-project-achieves-permitting-milestone-with-federal-release-of-draft-ea-300867589.html


SOURCE Treasury Metals Inc.

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8020Admin

26 days

8020Admin posted a press release Treasury Metals Announces Closing of Equity Financing for Proceeds of $3.5 Million in TREASURY METALS INC.


/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/  

TSX:TML  

TORONTO, June 7, 2019 /CNW/ - Treasury Metals Inc. (TSX: TML "Treasury Metals" or the "Company") is pleased to announce that on June 6, 2019 (the "Closing Date") it closed concurrent non-brokered private placements. The first private placement was units ("Units") comprised of one common share of the Company (each, a "Common Share") and a Common Share purchase warrant (each, a "Warrant") for gross proceeds of $2,134,620.96 (the "Offering"). The second private placement was flow-through units ("Flow-Through Units") comprised of one flow-through Common Share (each, a "Flow-Through Share") and one half Common Share purchase warrant (each, a "Flow-Through Warrant") for proceeds of $1,371,500 (the "Flow-Through Offering") for aggregate gross proceeds from both offerings of $3,506,120.96


Under the Offering, 8,894,254 Units were sold at a price of $0.24 per Unit. Each Warrant comprised in the Units is exercisable for one Common Share at a price of $0.32 for a period of 48 months from the Closing Date.


Under the Flow-Through Offering, 5,486,000 Flow-Through Units were sold at a price of $0.25 per Flow-Through Unit. Each full Flow-Through Warrant is exercisable for one Common Share at a price of $0.35 for a period of 24 months from the Closing Date and, at the discretion of the Company, may be subject to acceleration and called prior to the expiry date in the event that the closing price of the Common Shares is $0.50 or more for twenty consecutive trading days.


The net proceeds of the Offering will be used for the advancement of the Company's Goliath Gold Project and for general corporate purposes.


In certain cases, 6% finders fees and 6% finders warrants ("Finders Warrants") were issued to eligible finders ("Finders") who introduced subscribers to the Company under the Offering. The Finders Warrants under the Offering have the same terms as the Warrants, but exercisable for a period of 24 months from the Closing Date, and subject to acceleration at the option of the Company prior to the expiry date in the event that the closing price of the Common Shares is $0.50 or more for twenty consecutive trading days. The Flow-Through Finders Warrants have the same terms as the Flow-Through Warrants.


The net proceeds from the Flow-Through Offering will be used by the Company to incur "Canadian exploration expenses" that will qualify as "flow-through mining expenditures", each as defined under the Income Tax Act (Canada), which will, subject to certain limitations under the Income Tax Act (Canada), be renounced with an effective date of no later than December 31, 2019 to the purchasers of Flow-Through Shares in an aggregate amount no less than the proceeds raised from the issue of the Flow-Through Shares.


Closing of the Offering and the Flow-Through Offering are subject to receipt of regulatory approvals, including the final acceptance of the Offering and the Flow-Through Offering by the Toronto Stock Exchange (the "TSX"). The Common Shares, Flow-Through Shares, Warrants, Flow-Through Warrants, Finders Warrants, and Flow-Through Finders Warrants issued pursuant to the Offering and the Flow-Through Offering respectively, will be subject to a four-month hold period under applicable securities laws in Canada.


This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such Act.


To view further details about the Goliath Gold Project, please visit the Company's website at www.treasurymetals.com.


About Treasury Metals Inc.:


Treasury Metals Inc. is a gold focused exploration and development company with assets in Canada and is listed on the Toronto Stock Exchange ("TSX") under the symbol "TML" and on the OTCQX® Best Market under the symbol TSRMF. Treasury Metals Inc.'s 100% owned Goliath Gold Project in northwestern Ontario is slated to become one of Canada's next producing gold mines. With first-rate infrastructure currently in place and gold mineralization extending to surface, Treasury Metals plans on the initial development of an open pit gold mine to feed a 2,500 per day processing plant with subsequent underground operations in the latter years of the mine life. Goldeye Explorations Ltd. is a Canadian subsidiary of Treasury Metals Inc. Goldeye's flagship property is Weebigee, located near Sandy Lake in Northwestern Ontario, and there are two additional properties in Ontario (Gold Rock and Shining Tree-Fawcett).


Follow us on Twitter @TreasuryMetals


Forward-looking Statements


This release includes certain statements that may be deemed to be "forward-looking statements". Such forward-looking statements include those related to the use of the net proceeds of the Offering and the Flow-Through Offering, closing of the Offering and the Flow-Through Offering, and the receipt of regulatory approvals, including the approval of the TSX.


All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expect, are forward-looking statements. Actual results or developments may differ materially from those in forward-looking statements. Treasury Metals disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.


SOURCE Treasury Metals Inc.


View original content: http://www.newswire.ca/en/releases/archive/June2019/07/c3672.html



Greg Ferron, CEO, T: 1.416.214.4654, greg@treasurymetals.com ; Mark Wheeler, Director, Projects, T: 1.416.214.4654, mark@treasurymetals.com 

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8020Admin

2 months

8020Admin posted a press release Treasury's Weebigee Project is reporting High-Grade Gold Discovery; Drills 8 m of 34.5 g/t Gold and 10.33 m of 10.92 g/t Gold in two holes at W1 Zone, Sandy Lake, NW Ontario in TREASURY METALS INC.

TORONTO, May 13, 2019 /CNW/ - Treasury Metals Inc. (TSX: TML) ("Treasury" or the "Company") is pleased to announce significant exploration results by earn-in partner G2 Goldfields Inc. on Treasury's 100% owned Weebigee Gold Project in northwestern Ontario.


Further details of the earn-in and joint venture agreement between Treasury and G2 Goldfields Inc. (formerly named Sandy Lake Gold Inc.) can be found on its website at the following link: http://www.treasurymetals.com/s/goldeye_exploration.asp?ReportID=771305.


Weebigee is part of the package of high-quality Ontario assets acquired by Treasury in 2016 in connection with the acquisition of Goldeye Explorations Ltd., which also includes the Shining Tree-Fawcett and Gold Rock projects.


All holes reported in the press release by G2 Goldfields were drilled on the Weebigee Main block zone which is subject to the earn-in agreement, effective since April 2015. The Weebigee Project is located 227 kilometres north of Red Lake in Northwestern Ontario.


G2 Goldfields reported in a press release today the following: a total of 1,980 meters have been completed; four of the holes were drilled in the W1 Zone, and two tested geophysical targets approximately 1.5 km to the West. All intercepts reported in this press release are core lengths, as true widths have not been determined.


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=TML%3ACA&qmodStoryID=6496355116248661 

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Media Relations posted an update Mr. Mark Wheeler, VP & Project Manager of Treasury Metals TML-TSX presenting to a packed audience in TREASURY METALS INC.

Mr. Mark Wheeler, VP & Project Manager of Treasury Metals TML-TSX presenting to a packed audience hosted by MI3 Communications in St George de Beauce.  


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8020Admin

2 months

8020Admin posted an update Mr. Mark Wheeler, VP Project Manager of Treasury Metals Inc. presenting in Chicoutimi in TREASURY METALS INC.

The Series Croissance Boursière,  hosted by MI3 Communications of Montreal is stopping tonight in Chicoutimi and we the pleasure to introduce Mr. Mark Wheeler, VP Project Manager of Treasury Metals Inc. (TML.TSXV)



 

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Media Relations posted an update Mr. Mark Wheller, VP and Project Manager, of Treasury Metals presents to a packed audience in TREASURY METALS INC.

Tonight, in Quebec City, QC in the beautiful "ant let Continental Restaraunt", Mr. Mark Wheller, VP and Project Manager, of Treasury Metals presents to a packed audience at the Mi3 Communications “Investor Growth Series and Dinner”




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Media Relations posted an update Treasury Metals management presents to Investors this evening in TREASURY METALS INC.

Treasury Metals presents this evening at the Mi3 Communications “Investor Growth Series and Dinner”



 

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8020Admin

3 months

8020Admin posted a press release Goliath Gold Project Achieves Permitting Milestone in TREASURY METALS INC.

TSX: TML    OTCQX: TSRMF 

TORONTO, March 20, 2019 /PRNewswire/ - Treasury Metals Inc. (TSX: TML) ("Treasury" or the "Company") is pleased to provide an update on recent advances related to the permitting process at the Company's Goliath Gold Project in Northwestern Ontario (the "Project").


Federal Environmental Assessment Update:


As part of the Federal Environmental Assessment ("EA") process, the Canadian Environmental Assessment Agency ("CEAA") accepted the Company's submissions on March 14, 2019, and resumes the federally legislated timeline to approve the EA and register a decision. CEAA has undergone an extensive technical review of the draft documentation.


Under the EA process, the remaining legislated timeline includes a formal review along with a 30-day final public comment period on a draft EA Report and potential conditions of approval, and up to 60 days for a ministerial decision at which point the federal government renders a decision notice. 


Community Update:


Treasury continues to focus on community relations related to the EA process to ensure local stakeholder inputs are reflected in the EA process and as part of the overall development of the Project.


The Company is also pleased to announce the signing of an Engagement Agreement with Wabauskang First Nation ("Wabauskang" or the "Community"). The purpose of the agreement is to establish a framework for meaningful information sharing and communication and forms a roadmap for continued engagement with the Community. This engagement will facilitate the Community's ability to understand the impact of the project and allows for the Company to better understand the Community's viewpoints moving forward as part of Goliath's development and design process. 


To view further details about the Goliath Gold Project please visit the Company's website at www.treasurymetals.com.


About Treasury Metals Inc.:


Treasury Metals Inc. is a gold focused exploration and development company with assets in Canada and is listed on the Toronto Stock Exchange ("TSX") under the symbol "TML" and on the OTCQX® Best Market under the symbol TSRMF. Treasury Metals Inc.'s 100% owned Goliath Gold Project in northwestern Ontario is slated to become one of Canada's next producing gold mines. With first-rate infrastructure currently in place and gold mineralization extending to surface, Treasury Metals plans on the initial development of an open pit gold mine to feed a 2,500 per day processing plant with subsequent underground operations in the latter years of the mine life.


Forward-looking Statements


This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expect, are forward-looking statements. Actual results or developments may differ materially from those in forward-looking statements. Treasury Metals disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.


Cision View original content:http://www.prnewswire.com/news-releases/goliath-gold-project-achieves-permitting-milestone-300815746.html


SOURCE Treasury Metals Inc.

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8020Admin

4 months

8020Admin posted a press release Treasury Metals Signs Memorandum of Understanding with Eagle Lake First Nation in TREASURY METALS INC.


Canada NewsWire




TSX: TML    OTCQX: TSRMF

TORONTO, Jan. 16, 2019 /CNW/ - Treasury Metals Inc. (TSX: TML) ("Treasury Metals" or the "Company") is pleased to announce that it has entered into a Memorandum of Understanding ("MOU") with Eagle Lake First Nation in relation to the Company's Goliath Gold Project in Northwestern Ontario (the "Project").


The MOU is a framework agreement between Eagle Lake First Nation and Treasury Metals to facilitate effective communication, engagement, and negotiation between the Parties with respect to the Project. The MOU will serve as an avenue to facilitate Eagle Lake First Nation's meaningful continued participation in the federal environmental assessment and regulatory approval process for the Project. Further, the MOU provides a structure for additional opportunities and pathways to participate in the Project through employment, training and business development, financial participation and environmental and cultural protection.


Greg Ferron, CEO of Treasury, states, "A key goal of the Goliath Gold Project is to reflect the knowledge and input of all stakeholders and Indigenous communities in the development of the Goliath Gold Project and Eagle Lake First Nation's regional experiences, and local traditional knowledge will help with the development of a socially and environmentally responsible Project."


On behalf of Eagle Lake First Nation, Chief Arnold Gardner commented, "Signing an MOU with Treasury Metals is a positive step moving forward toward building trust with the community of Eagle Lake First Nation which is an important step in the process."


To view further details about the Goliath Gold Project, please visit the Company's website at www.treasurymetals.com.


Follow us on Twitter @TreasuryMetals


About Treasury Metals Inc.:


Treasury Metals Inc. is a gold focused exploration and development company with assets in Canada and is listed on the Toronto Stock Exchange ("TSX") under the symbol "TML" and on the OTCQX® Best Market under the symbol TSRMF. Treasury Metals Inc.'s 100% owned Goliath Gold Project in northwestern Ontario is slated to become one of Canada's next producing gold mines. With first-rate infrastructure currently in place and gold mineralization extending to surface, Treasury Metals plans on the initial development of an open pit gold mine to feed a 2,500 per day processing plant with subsequent underground operations in the latter years of the mine life.


About Eagle Lake First Nation:


The Eagle Lake First Nation is situated on the northeast shores of Eagle Lake and is located in the heart of the Canadian Shield in the boreal forests and lakes of Northwestern Ontario. The community is approximately 25 km southwest of Dryden and is accessible via Highways 502 and 594, and is a two hour drive from the U.S. border. Eagle Lake's total on-reserve population as of December 2018 is 238.


The people of Eagle Lake are governed by a Chief and three Council members, elected every two years under the Indian Act. Eagle Lake is part of the Grand Council Treaty #3 which was signed on October 3, 1873. Grand Council Treaty #3 covers 55,000 square miles.


Eagle Lake First Nation is located within the Grand Council Treaty #3 territory with a land base of 55,000 square miles in Northwestern Ontario. Eagle Lake First Nation of Eagle Lake is also referred to as Migisi Sahgaigan (Ojibway translation of Eagle Lake).


For further information about the community of Eagle Lake First Nation please visit: http://www.eaglelakefirstnation.ca/.


Forward-looking Statements


This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expect, are forward-looking statements. Actual results or developments may differ materially from those in forward-looking statements. Treasury Metals disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.


SOURCE Treasury Metals Inc.


View original content: http://www.newswire.ca/en/releases/archive/January2019/16/c7365.html

Greg Ferron, Interim CEO, T: 1.416.214.4654, greg@treasurymetals.com; Mark Wheeler, Director, Projects, T: 1.416.214.4654, mark@treasurymetals.comCopyright CNW Group 2019

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8020Admin

4 months

8020Admin posted a press release Treasury Metals Closes $2 Million Financing in TREASURY METALS INC.


Canada NewsWire




/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TSX:TML  

TORONTO, Dec. 17, 2018 /CNW/ - Treasury Metals Inc. (TSX: TML "Treasury Metals" or the "Company") is pleased to announce that it has closed a non-brokered private placement financing on December 17, 2018 (the "Offering"). The Company issued 7,682,075 flow-through common shares ("Flow-Through Shares") for total gross proceeds of $2,074,160 at an issue price of $0.27 per Flow-Through Share.


The gross proceeds will be used to continue to advance exploration and development activities at the Company's Goliath Gold Project located in northwestern Ontario.


The Flow-Through Shares are subject to a four-month hold period.


The proceeds from the issuance of Flow-Through Shares will be used to incur Canadian Exploration Expenses ("CEE"), and will qualify as "flow-through mining expenditures" under the Income Tax Act (Canada), which will be renounced with an effective date no later than December 31, 2018 to the purchasers of Flow-Through Shares in an aggregate amount no less than the proceeds raised from the issue of the Flow-Through Shares.


To view further details about the Goliath Gold Project, please visit the Company's website at www.treasurymetals.com.


About Treasury Metals Inc.:


Treasury Metals is a gold focused exploration and development company with assets in Ontario, Canada and is listed on the Toronto Stock Exchange ("TSX") under the symbol "TML". Treasury Metals Inc.'s 100% owned Goliath Gold Project in northwestern Ontario is slated to become one of Canada's next producing gold mines. With first-rate infrastructure currently in place and gold mineralization extending to surface, Treasury Metals plans on the initial development of an open pit gold mine to feed a 2,500 per day processing plant with subsequent underground operations in the latter years of the mine life. Treasury Metals is currently in the mine permit process on the Goliath Gold Project.


Follow us on Twitter @TreasuryMetals


Forward-looking Statements


This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expect, are forward-looking statements. Actual results or developments may differ materially from those in forward-looking statements. Treasury Metals disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.


SOURCE Treasury Metals Inc.


View original content: http://www.newswire.ca/en/releases/archive/December2018/17/c1521.html



Greg Ferron, Interim CEO, T: 1.416.214.4654, greg@treasurymetals.com; Mark Wheeler, Director, Projects, T: 1.416.214.4654, mark@treasurymetals.comCopyright CNW Group 2018

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8020Admin

4 months

8020Admin posted a press release Treasury Metals Provides Corporate Update on Term Loan Maturity Date Extension and on the Weebigee Gold Project in TREASURY METALS INC.


Canada NewsWire




TSX:TML
OTCQX: TSRMF

TORONTO, Nov. 26, 2018 /CNW/ - Treasury Metals Inc. (TSX: TML) ("Treasury Metals" or the "Company") is pleased to announce the Company has entered into a binding term sheet with Extract Capital Master Fund Ltd. and Extract Lending LLC (together "Extract") to extend the maturity date of the Company's existing convertible term loan (the "Term Loan") for three years (the "Loan Amendment").


The Loan Amendment will amend the maturity date of the Term Loan, extending it for a period of three years from the effective date of closing that is anticipated to be on or about November 30, 2018. As part of the Loan Amendment, Extract has also agreed to assume the US$2.2 million portion of the US$4.4 million facility previously held by Loinette Company Leasing Ltd. which has agreed to an early payout without penalty. The terms of the Loan Amendment will be subject to TSX approval.


Pursuant to the terms of the Loan Amendment, the Term Loan shall be convertible at the election of Extract into common shares in the capital of the Company (the "Common Shares") at a conversion price of C$0.36 per Common Share, representing approximately a 50% premium to the closing price of the Common Shares (November 23, 2018), which is the closing date of entering into the binding term sheet.


All other terms of the Term Loan will remain unchanged. 


As consideration to Extract for entering into the Loan Amendment, the Company will pay Extract the following: (a) an extension fee of US$110,000, and (b) issue to Extract an aggregate of 600,000 common share purchase warrants (the "Warrants"), entitling Extract to purchase Common Shares at an exercise price of C$0.40 per Common Share for a three-year term. The Company may compel Extract to exercise the Warrants if the volume weighted average price of the Common Shares of the Company is C$0.60 or greater for thirty (30) consecutive trading days.


Exploration Agreement for Weebigee Gold Project


In addition, Treasury Metals is pleased to announce that its wholly owned subsidiary Goldeye Explorations ("Goldeye") and Sandy Lake First Nation ("SLFN") have entered into a one-year extension of its Exploration Agreement (the "Exploration Agreement Extension") on its Weebigee Gold Project to continue exploration activities. The Exploration Agreement has been in effect since November 2013.


The Weebigee Gold Project is 100% owned by Goldeye/Treasury and subject to an earn-in agreement with current operator Sandy Lake Gold Inc. ("SLG") effective since April 15, 2015.


The Weebigee Gold Project is located 227 kilometres north of Red Lake in Northwestern Ontario. In 2014, a 21 drill hole program completed by Goldeye in the western part of the claim package returned significant near surface results, including high grade gold intercepts of 12.86 Au g/t over 6.85 meters and 12.17 Au g/t over 6.2 meters. Further details regarding SLG's earn-in option agreement and Weebigee are available at Treasury's website www.treasurymetals.com.


The Exploration Agreement Extension reflects the ongoing collaborative relationship between Treasury Metals and SLFN, within whose Traditional Territory the Project is located. The parties are committed to ongoing meaningful engagement and dialogue with a view to ensuring that the SLFN community participates and benefits as the Project progresses. The Exploration Agreement Extension does not pertain to the additional mineral claims staked by SLG which are outside Goldeye's Weebigee Gold Project area.


To view further details about the Treasury Metals, please visit the Company's website at www.treasurymetals.com.


About Treasury Metals Inc.:


Treasury Metals is a gold focused exploration and development company with assets in Ontario, Canada and is listed on the Toronto Stock Exchange ("TSX") under the symbol "TML". Treasury Metals Inc.'s 100% owned Goliath Gold Project in northwestern Ontario is slated to become one of Canada's next producing gold mines. With first-rate infrastructure currently in place and gold mineralization extending to surface, Treasury Metals plans on the initial development of an open pit gold mine to feed a 2,500 tonne per day processing plant with subsequent underground operations in the latter years of the mine life. Treasury Metals is currently in the mine permit process on the Goliath Gold Project.


Follow us on Twitter @TreasuryMetals


Forward-looking Statements


This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expect, are forward-looking statements. Actual results or developments may differ materially from those in forward-looking statements. Treasury Metals disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.


SOURCE Treasury Metals Inc.



 


View original content: http://www.newswire.ca/en/releases/archive/November2018/26/c8504.html



Greg Ferron, Interim CEO, T: 1.416.214.4654, greg@treasurymetals.com; Mark Wheeler, Director, Projects, T: 1.416.214.4654, mark@treasurymetals.comCopyright CNW Group 2018

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8020Admin

4 months

8020Admin posted a press release Treasury Metals Announces 1.2 Million Ounces Gold Equivalent Measured & Indicated Mineral Resource Estimate with Gold Grade Increase; 64% Increase in Measured and Indicated Underground AuEq Ounces in TREASURY METALS INC.

TORONTO, Oct. 17, 2018 /CNW/ - Treasury Metals Inc. (TSX: TML) ("Treasury Metals" or the "Company") is pleased to provide an updated National Instrument 43-101 Mineral Resource Estimate (the "2018 Mineral Resource Estimate") on its 100% owned Goliath Gold Project. The Mineral Resource Estimate was completed by independent firm P&E Mining Consultants Inc. ("P&E").


The 2018 Mineral Resource Estimate is an update to the NI 43-101 Mineral Resource Estimate previously released on August 28, 2015 (the "2015 Mineral Resource Estimate") and includes results from a database representing an additional 98 diamond drill holes totaling 41,500 m of infill drilling completed between 2016 and 2018.


Read more here:  https://quotemedia.com/portal/quote? 

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8020Admin

4 months

8020Admin posted a press release Treasury's Exploration and Infill Program Continuing to Intercept Significant Gold Mineralization; Provides Federal Permitting Update in TREASURY METALS INC.

TSX: TML     OTCQX: TSRMF

TORONTO, Aug. 13, 2018 /PRNewswire/ - Treasury Metals Inc. (TSX: TML) ("Treasury" or the "Company") is pleased to announce assay results from three active exploration drilling zones, including results in the East Resource Target area, down dip within the developing C Zone shoot, and additional deep Main Zone infill drilling at the Company's flagship Goliath Gold Project located in northwestern Ontario.


Read more here:  https://quotemedia.com/portal/quote?qm_symbol=TML%3ACC&qmodStoryID=8203162777817894 

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8020Admin

7 months

8020Admin posted a press release Treasury Metals Provides Corporate Update on Term Loan Maturity Date Extension and on the Weebigee Gold Project in TREASURY METALS INC.


Canada NewsWire





TSX:TML
OTCQX: TSRMF


TORONTO, Nov. 26, 2018 /CNW/ - Treasury Metals Inc. (TSX: TML) ("Treasury Metals" or the "Company") is pleased to announce the Company has entered into a binding term sheet with Extract Capital Master Fund Ltd. and Extract Lending LLC (together "Extract") to extend the maturity date of the Company's existing convertible term loan (the "Term Loan") for three years (the "Loan Amendment").


The Loan Amendment will amend the maturity date of the Term Loan, extending it for a period of three years from the effective date of closing that is anticipated to be on or about November 30, 2018. As part of the Loan Amendment, Extract has also agreed to assume the US$2.2 million portion of the US$4.4 million facility previously held by Loinette Company Leasing Ltd. which has agreed to an early payout without penalty. The terms of the Loan Amendment will be subject to TSX approval.


Pursuant to the terms of the Loan Amendment, the Term Loan shall be convertible at the election of Extract into common shares in the capital of the Company (the "Common Shares") at a conversion price of C$0.36 per Common Share, representing approximately a 50% premium to the closing price of the Common Shares (November 23, 2018), which is the closing date of entering into the binding term sheet.


All other terms of the Term Loan will remain unchanged. 


As consideration to Extract for entering into the Loan Amendment, the Company will pay Extract the following: (a) an extension fee of US$110,000, and (b) issue to Extract an aggregate of 600,000 common share purchase warrants (the "Warrants"), entitling Extract to purchase Common Shares at an exercise price of C$0.40 per Common Share for a three-year term. The Company may compel Extract to exercise the Warrants if the volume weighted average price of the Common Shares of the Company is C$0.60 or greater for thirty (30) consecutive trading days.


Exploration Agreement for Weebigee Gold Project


In addition, Treasury Metals is pleased to announce that its wholly owned subsidiary Goldeye Explorations ("Goldeye") and Sandy Lake First Nation ("SLFN") have entered into a one-year extension of its Exploration Agreement (the "Exploration Agreement Extension") on its Weebigee Gold Project to continue exploration activities. The Exploration Agreement has been in effect since November 2013.


The Weebigee Gold Project is 100% owned by Goldeye/Treasury and subject to an earn-in agreement with current operator Sandy Lake Gold Inc. ("SLG") effective since April 15, 2015.


The Weebigee Gold Project is located 227 kilometres north of Red Lake in Northwestern Ontario. In 2014, a 21 drill hole program completed by Goldeye in the western part of the claim package returned significant near surface results, including high grade gold intercepts of 12.86 Au g/t over 6.85 meters and 12.17 Au g/t over 6.2 meters. Further details regarding SLG's earn-in option agreement and Weebigee are available at Treasury's website www.treasurymetals.com.


The Exploration Agreement Extension reflects the ongoing collaborative relationship between Treasury Metals and SLFN, within whose Traditional Territory the Project is located. The parties are committed to ongoing meaningful engagement and dialogue with a view to ensuring that the SLFN community participates and benefits as the Project progresses. The Exploration Agreement Extension does not pertain to the additional mineral claims staked by SLG which are outside Goldeye's Weebigee Gold Project area.


To view further details about the Treasury Metals, please visit the Company's website at www.treasurymetals.com.


About Treasury Metals Inc.:


Treasury Metals is a gold focused exploration and development company with assets in Ontario, Canada and is listed on the Toronto Stock Exchange ("TSX") under the symbol "TML". Treasury Metals Inc.'s 100% owned Goliath Gold Project in northwestern Ontario is slated to become one of Canada's next producing gold mines. With first-rate infrastructure currently in place and gold mineralization extending to surface, Treasury Metals plans on the initial development of an open pit gold mine to feed a 2,500 tonne per day processing plant with subsequent underground operations in the latter years of the mine life. Treasury Metals is currently in the mine permit process on the Goliath Gold Project.


Follow us on Twitter @TreasuryMetals 


Forward-looking Statements


This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expect, are forward-looking statements. Actual results or developments may differ materially from those in forward-looking statements. Treasury Metals disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.


SOURCE Treasury Metals Inc.


View original content: http://www.newswire.ca/en/releases/archive/November2018/26/c8504.html

Greg Ferron, Interim CEO, T: 1.416.214.4654, greg@treasurymetals.com; Mark Wheeler, Director, Projects, T: 1.416.214.4654, mark@treasurymetals.com 

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Treasury Metals Inc.

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Treasury Metals Inc. is a gold-focused company with assets in Canada. Our flagship asset, Goliath Gold Project, is located in northwestern Ontario. Treasury Metals plans on the initial development of an open pit gold mine with subsequent underground operations.

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Treasury Metals Inc.

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Treasury Metals Inc. is a gold-focused company with assets in Canada. Our flagship asset, Goliath Gold Project, is lo......

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8020Admin

15 days

8020Admin posted a press release Treasury Metals Announces Results of Annual Meeting of Shareholders in TREASURY METALS INC.





TSX: TML   OTCQX: TSRMF

TORONTO, June 17, 2019 /CNW/ - Treasury Metals Inc. ("Treasury Metals" or the "Company") (TSX:TML), a gold exploration and development company focused on Goliath Gold Project in northwestern Ontario, is pleased to provide below the results of its annual general meeting of shareholders (the "Meeting") held on June 12, 2019.


At the Meeting, a total of 29,129,659 common shares ("Common Shares") of the Company, were represented and all matters presented for approval at the Meeting have been duly authorized and approved, as follows:


Read more here: https://www.quotemedia.com/portal/quote?qm_symbol=TML%3ACA&qmodStoryID=6617312300678812 


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8020Admin

19 days

8020Admin posted a press release Treasury's Goliath Gold Project Achieves Permitting Milestone with Federal Release of Draft EA in TREASURY METALS INC.

 TSX: TML        OTCQX: TSRMF

TORONTO, June 14, 2019 /PRNewswire/ - Treasury Metals Inc. (TSX: TML) is pleased to provide an update on the advancement of the federal Environmental Assessment process for the Company's Goliath Gold Project in Northwestern Ontario (the "Project").


As part of the Federal Environmental Assessment ("EA") mine permitting process, the Canadian Environmental Assessment Agency ("the Agency") has released their Draft Environmental Assessment (EA) Report ("Draft EA Report") and the potential conditions that would be applied and be legally binding following an approval of the Project under the Canadian Environmental Assessment Act, 2012


"With the significant resources our Company and stakeholders have invested in the EA process, the full value of our advanced gold development project in Northwestern Ontario is near to being realized," said Greg Ferron, Chief Executive Officer of Treasury Metals Inc. "This final public comment period runs until July 12, 2019, and we encourage the public, interested parties and stakeholders to review and comment during the next month."


Following the conclusion of the 30-day final public comment period on the Draft EA Report and potential conditions of approval, the Agency will consider all comments received and submit a final EA Report and potential conditions to the Minister of Environment and Climate Change, who will then render a decision notice.


The Draft EA Report provides a detailed overview of the project and a copy of CEAA's Draft EA Report can be found on the Agency's website at https://ceaa-acee.gc.ca/050/documents/p80019/130192E.pdf. The Agency's news release is available by clicking here.


To view further details about the Goliath Gold Project, please visit the Company's website at www.treasurymetals.com.


Follow us on Twitter @TreasuryMetals


About Treasury Metals Inc.:


Treasury Metals Inc. is a gold focused exploration and development company with assets in Canada and is listed on the Toronto Stock Exchange ("TSX") under the symbol "TML" and on the OTCQX® Best Market under the symbol TSRMF. Treasury Metals Inc.'s 100% owned Goliath Gold Project in northwestern Ontario is slated to become one of Canada's next producing gold mines. With first-rate infrastructure currently in place and gold mineralization extending to surface, Treasury Metals plans on the initial development of an open pit gold mine to feed a 2,500 per day processing plant with subsequent underground operations in the latter years of the mine life. Goldeye Explorations Ltd. is a Canadian subsidiary of Treasury Metals Inc. Goldeye's flagship property is Weebigee, located near Sandy Lake in Northwestern Ontario, and there are two additional properties in Ontario (Gold Rock and Shining Tree-Fawcett).


Forward-looking Statements


This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expect, are forward-looking statements. Actual results or developments may differ materially from those in forward-looking statements. Treasury Metals disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.


View original content:http://www.prnewswire.com/news-releases/treasurys-goliath-gold-project-achieves-permitting-milestone-with-federal-release-of-draft-ea-300867589.html


SOURCE Treasury Metals Inc.

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8020Admin

26 days

8020Admin posted a press release Treasury Metals Announces Closing of Equity Financing for Proceeds of $3.5 Million in TREASURY METALS INC.


/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/  

TSX:TML  

TORONTO, June 7, 2019 /CNW/ - Treasury Metals Inc. (TSX: TML "Treasury Metals" or the "Company") is pleased to announce that on June 6, 2019 (the "Closing Date") it closed concurrent non-brokered private placements. The first private placement was units ("Units") comprised of one common share of the Company (each, a "Common Share") and a Common Share purchase warrant (each, a "Warrant") for gross proceeds of $2,134,620.96 (the "Offering"). The second private placement was flow-through units ("Flow-Through Units") comprised of one flow-through Common Share (each, a "Flow-Through Share") and one half Common Share purchase warrant (each, a "Flow-Through Warrant") for proceeds of $1,371,500 (the "Flow-Through Offering") for aggregate gross proceeds from both offerings of $3,506,120.96


Under the Offering, 8,894,254 Units were sold at a price of $0.24 per Unit. Each Warrant comprised in the Units is exercisable for one Common Share at a price of $0.32 for a period of 48 months from the Closing Date.


Under the Flow-Through Offering, 5,486,000 Flow-Through Units were sold at a price of $0.25 per Flow-Through Unit. Each full Flow-Through Warrant is exercisable for one Common Share at a price of $0.35 for a period of 24 months from the Closing Date and, at the discretion of the Company, may be subject to acceleration and called prior to the expiry date in the event that the closing price of the Common Shares is $0.50 or more for twenty consecutive trading days.


The net proceeds of the Offering will be used for the advancement of the Company's Goliath Gold Project and for general corporate purposes.


In certain cases, 6% finders fees and 6% finders warrants ("Finders Warrants") were issued to eligible finders ("Finders") who introduced subscribers to the Company under the Offering. The Finders Warrants under the Offering have the same terms as the Warrants, but exercisable for a period of 24 months from the Closing Date, and subject to acceleration at the option of the Company prior to the expiry date in the event that the closing price of the Common Shares is $0.50 or more for twenty consecutive trading days. The Flow-Through Finders Warrants have the same terms as the Flow-Through Warrants.


The net proceeds from the Flow-Through Offering will be used by the Company to incur "Canadian exploration expenses" that will qualify as "flow-through mining expenditures", each as defined under the Income Tax Act (Canada), which will, subject to certain limitations under the Income Tax Act (Canada), be renounced with an effective date of no later than December 31, 2019 to the purchasers of Flow-Through Shares in an aggregate amount no less than the proceeds raised from the issue of the Flow-Through Shares.


Closing of the Offering and the Flow-Through Offering are subject to receipt of regulatory approvals, including the final acceptance of the Offering and the Flow-Through Offering by the Toronto Stock Exchange (the "TSX"). The Common Shares, Flow-Through Shares, Warrants, Flow-Through Warrants, Finders Warrants, and Flow-Through Finders Warrants issued pursuant to the Offering and the Flow-Through Offering respectively, will be subject to a four-month hold period under applicable securities laws in Canada.


This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such Act.


To view further details about the Goliath Gold Project, please visit the Company's website at www.treasurymetals.com.


About Treasury Metals Inc.:


Treasury Metals Inc. is a gold focused exploration and development company with assets in Canada and is listed on the Toronto Stock Exchange ("TSX") under the symbol "TML" and on the OTCQX® Best Market under the symbol TSRMF. Treasury Metals Inc.'s 100% owned Goliath Gold Project in northwestern Ontario is slated to become one of Canada's next producing gold mines. With first-rate infrastructure currently in place and gold mineralization extending to surface, Treasury Metals plans on the initial development of an open pit gold mine to feed a 2,500 per day processing plant with subsequent underground operations in the latter years of the mine life. Goldeye Explorations Ltd. is a Canadian subsidiary of Treasury Metals Inc. Goldeye's flagship property is Weebigee, located near Sandy Lake in Northwestern Ontario, and there are two additional properties in Ontario (Gold Rock and Shining Tree-Fawcett).


Follow us on Twitter @TreasuryMetals


Forward-looking Statements


This release includes certain statements that may be deemed to be "forward-looking statements". Such forward-looking statements include those related to the use of the net proceeds of the Offering and the Flow-Through Offering, closing of the Offering and the Flow-Through Offering, and the receipt of regulatory approvals, including the approval of the TSX.


All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expect, are forward-looking statements. Actual results or developments may differ materially from those in forward-looking statements. Treasury Metals disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.


SOURCE Treasury Metals Inc.


View original content: http://www.newswire.ca/en/releases/archive/June2019/07/c3672.html



Greg Ferron, CEO, T: 1.416.214.4654, greg@treasurymetals.com ; Mark Wheeler, Director, Projects, T: 1.416.214.4654, mark@treasurymetals.com 

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8020Admin

2 months

8020Admin posted a press release Treasury's Weebigee Project is reporting High-Grade Gold Discovery; Drills 8 m of 34.5 g/t Gold and 10.33 m of 10.92 g/t Gold in two holes at W1 Zone, Sandy Lake, NW Ontario in TREASURY METALS INC.

TORONTO, May 13, 2019 /CNW/ - Treasury Metals Inc. (TSX: TML) ("Treasury" or the "Company") is pleased to announce significant exploration results by earn-in partner G2 Goldfields Inc. on Treasury's 100% owned Weebigee Gold Project in northwestern Ontario.


Further details of the earn-in and joint venture agreement between Treasury and G2 Goldfields Inc. (formerly named Sandy Lake Gold Inc.) can be found on its website at the following link: http://www.treasurymetals.com/s/goldeye_exploration.asp?ReportID=771305.


Weebigee is part of the package of high-quality Ontario assets acquired by Treasury in 2016 in connection with the acquisition of Goldeye Explorations Ltd., which also includes the Shining Tree-Fawcett and Gold Rock projects.


All holes reported in the press release by G2 Goldfields were drilled on the Weebigee Main block zone which is subject to the earn-in agreement, effective since April 2015. The Weebigee Project is located 227 kilometres north of Red Lake in Northwestern Ontario.


G2 Goldfields reported in a press release today the following: a total of 1,980 meters have been completed; four of the holes were drilled in the W1 Zone, and two tested geophysical targets approximately 1.5 km to the West. All intercepts reported in this press release are core lengths, as true widths have not been determined.


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=TML%3ACA&qmodStoryID=6496355116248661 

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Media Relations posted an update Mr. Mark Wheeler, VP & Project Manager of Treasury Metals TML-TSX presenting to a packed audience in TREASURY METALS INC.

Mr. Mark Wheeler, VP & Project Manager of Treasury Metals TML-TSX presenting to a packed audience hosted by MI3 Communications in St George de Beauce.  


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8020Admin

2 months

8020Admin posted an update Mr. Mark Wheeler, VP Project Manager of Treasury Metals Inc. presenting in Chicoutimi in TREASURY METALS INC.

The Series Croissance Boursière,  hosted by MI3 Communications of Montreal is stopping tonight in Chicoutimi and we the pleasure to introduce Mr. Mark Wheeler, VP Project Manager of Treasury Metals Inc. (TML.TSXV)



 

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Media Relations posted an update Mr. Mark Wheller, VP and Project Manager, of Treasury Metals presents to a packed audience in TREASURY METALS INC.

Tonight, in Quebec City, QC in the beautiful "ant let Continental Restaraunt", Mr. Mark Wheller, VP and Project Manager, of Treasury Metals presents to a packed audience at the Mi3 Communications “Investor Growth Series and Dinner”




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Media Relations posted an update Treasury Metals management presents to Investors this evening in TREASURY METALS INC.

Treasury Metals presents this evening at the Mi3 Communications “Investor Growth Series and Dinner”



 

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8020Admin

3 months

8020Admin posted a press release Goliath Gold Project Achieves Permitting Milestone in TREASURY METALS INC.

TSX: TML    OTCQX: TSRMF 

TORONTO, March 20, 2019 /PRNewswire/ - Treasury Metals Inc. (TSX: TML) ("Treasury" or the "Company") is pleased to provide an update on recent advances related to the permitting process at the Company's Goliath Gold Project in Northwestern Ontario (the "Project").


Federal Environmental Assessment Update:


As part of the Federal Environmental Assessment ("EA") process, the Canadian Environmental Assessment Agency ("CEAA") accepted the Company's submissions on March 14, 2019, and resumes the federally legislated timeline to approve the EA and register a decision. CEAA has undergone an extensive technical review of the draft documentation.


Under the EA process, the remaining legislated timeline includes a formal review along with a 30-day final public comment period on a draft EA Report and potential conditions of approval, and up to 60 days for a ministerial decision at which point the federal government renders a decision notice. 


Community Update:


Treasury continues to focus on community relations related to the EA process to ensure local stakeholder inputs are reflected in the EA process and as part of the overall development of the Project.


The Company is also pleased to announce the signing of an Engagement Agreement with Wabauskang First Nation ("Wabauskang" or the "Community"). The purpose of the agreement is to establish a framework for meaningful information sharing and communication and forms a roadmap for continued engagement with the Community. This engagement will facilitate the Community's ability to understand the impact of the project and allows for the Company to better understand the Community's viewpoints moving forward as part of Goliath's development and design process. 


To view further details about the Goliath Gold Project please visit the Company's website at www.treasurymetals.com.


About Treasury Metals Inc.:


Treasury Metals Inc. is a gold focused exploration and development company with assets in Canada and is listed on the Toronto Stock Exchange ("TSX") under the symbol "TML" and on the OTCQX® Best Market under the symbol TSRMF. Treasury Metals Inc.'s 100% owned Goliath Gold Project in northwestern Ontario is slated to become one of Canada's next producing gold mines. With first-rate infrastructure currently in place and gold mineralization extending to surface, Treasury Metals plans on the initial development of an open pit gold mine to feed a 2,500 per day processing plant with subsequent underground operations in the latter years of the mine life.


Forward-looking Statements


This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expect, are forward-looking statements. Actual results or developments may differ materially from those in forward-looking statements. Treasury Metals disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.


Cision View original content:http://www.prnewswire.com/news-releases/goliath-gold-project-achieves-permitting-milestone-300815746.html


SOURCE Treasury Metals Inc.

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8020Admin

4 months

8020Admin posted a press release Treasury Metals Signs Memorandum of Understanding with Eagle Lake First Nation in TREASURY METALS INC.


Canada NewsWire




TSX: TML    OTCQX: TSRMF

TORONTO, Jan. 16, 2019 /CNW/ - Treasury Metals Inc. (TSX: TML) ("Treasury Metals" or the "Company") is pleased to announce that it has entered into a Memorandum of Understanding ("MOU") with Eagle Lake First Nation in relation to the Company's Goliath Gold Project in Northwestern Ontario (the "Project").


The MOU is a framework agreement between Eagle Lake First Nation and Treasury Metals to facilitate effective communication, engagement, and negotiation between the Parties with respect to the Project. The MOU will serve as an avenue to facilitate Eagle Lake First Nation's meaningful continued participation in the federal environmental assessment and regulatory approval process for the Project. Further, the MOU provides a structure for additional opportunities and pathways to participate in the Project through employment, training and business development, financial participation and environmental and cultural protection.


Greg Ferron, CEO of Treasury, states, "A key goal of the Goliath Gold Project is to reflect the knowledge and input of all stakeholders and Indigenous communities in the development of the Goliath Gold Project and Eagle Lake First Nation's regional experiences, and local traditional knowledge will help with the development of a socially and environmentally responsible Project."


On behalf of Eagle Lake First Nation, Chief Arnold Gardner commented, "Signing an MOU with Treasury Metals is a positive step moving forward toward building trust with the community of Eagle Lake First Nation which is an important step in the process."


To view further details about the Goliath Gold Project, please visit the Company's website at www.treasurymetals.com.


Follow us on Twitter @TreasuryMetals


About Treasury Metals Inc.:


Treasury Metals Inc. is a gold focused exploration and development company with assets in Canada and is listed on the Toronto Stock Exchange ("TSX") under the symbol "TML" and on the OTCQX® Best Market under the symbol TSRMF. Treasury Metals Inc.'s 100% owned Goliath Gold Project in northwestern Ontario is slated to become one of Canada's next producing gold mines. With first-rate infrastructure currently in place and gold mineralization extending to surface, Treasury Metals plans on the initial development of an open pit gold mine to feed a 2,500 per day processing plant with subsequent underground operations in the latter years of the mine life.


About Eagle Lake First Nation:


The Eagle Lake First Nation is situated on the northeast shores of Eagle Lake and is located in the heart of the Canadian Shield in the boreal forests and lakes of Northwestern Ontario. The community is approximately 25 km southwest of Dryden and is accessible via Highways 502 and 594, and is a two hour drive from the U.S. border. Eagle Lake's total on-reserve population as of December 2018 is 238.


The people of Eagle Lake are governed by a Chief and three Council members, elected every two years under the Indian Act. Eagle Lake is part of the Grand Council Treaty #3 which was signed on October 3, 1873. Grand Council Treaty #3 covers 55,000 square miles.


Eagle Lake First Nation is located within the Grand Council Treaty #3 territory with a land base of 55,000 square miles in Northwestern Ontario. Eagle Lake First Nation of Eagle Lake is also referred to as Migisi Sahgaigan (Ojibway translation of Eagle Lake).


For further information about the community of Eagle Lake First Nation please visit: http://www.eaglelakefirstnation.ca/.


Forward-looking Statements


This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expect, are forward-looking statements. Actual results or developments may differ materially from those in forward-looking statements. Treasury Metals disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.


SOURCE Treasury Metals Inc.


View original content: http://www.newswire.ca/en/releases/archive/January2019/16/c7365.html

Greg Ferron, Interim CEO, T: 1.416.214.4654, greg@treasurymetals.com; Mark Wheeler, Director, Projects, T: 1.416.214.4654, mark@treasurymetals.comCopyright CNW Group 2019

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8020Admin

4 months

8020Admin posted a press release Treasury Metals Closes $2 Million Financing in TREASURY METALS INC.


Canada NewsWire




/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TSX:TML  

TORONTO, Dec. 17, 2018 /CNW/ - Treasury Metals Inc. (TSX: TML "Treasury Metals" or the "Company") is pleased to announce that it has closed a non-brokered private placement financing on December 17, 2018 (the "Offering"). The Company issued 7,682,075 flow-through common shares ("Flow-Through Shares") for total gross proceeds of $2,074,160 at an issue price of $0.27 per Flow-Through Share.


The gross proceeds will be used to continue to advance exploration and development activities at the Company's Goliath Gold Project located in northwestern Ontario.


The Flow-Through Shares are subject to a four-month hold period.


The proceeds from the issuance of Flow-Through Shares will be used to incur Canadian Exploration Expenses ("CEE"), and will qualify as "flow-through mining expenditures" under the Income Tax Act (Canada), which will be renounced with an effective date no later than December 31, 2018 to the purchasers of Flow-Through Shares in an aggregate amount no less than the proceeds raised from the issue of the Flow-Through Shares.


To view further details about the Goliath Gold Project, please visit the Company's website at www.treasurymetals.com.


About Treasury Metals Inc.:


Treasury Metals is a gold focused exploration and development company with assets in Ontario, Canada and is listed on the Toronto Stock Exchange ("TSX") under the symbol "TML". Treasury Metals Inc.'s 100% owned Goliath Gold Project in northwestern Ontario is slated to become one of Canada's next producing gold mines. With first-rate infrastructure currently in place and gold mineralization extending to surface, Treasury Metals plans on the initial development of an open pit gold mine to feed a 2,500 per day processing plant with subsequent underground operations in the latter years of the mine life. Treasury Metals is currently in the mine permit process on the Goliath Gold Project.


Follow us on Twitter @TreasuryMetals


Forward-looking Statements


This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expect, are forward-looking statements. Actual results or developments may differ materially from those in forward-looking statements. Treasury Metals disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.


SOURCE Treasury Metals Inc.


View original content: http://www.newswire.ca/en/releases/archive/December2018/17/c1521.html



Greg Ferron, Interim CEO, T: 1.416.214.4654, greg@treasurymetals.com; Mark Wheeler, Director, Projects, T: 1.416.214.4654, mark@treasurymetals.comCopyright CNW Group 2018

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8020Admin

4 months

8020Admin posted a press release Treasury Metals Provides Corporate Update on Term Loan Maturity Date Extension and on the Weebigee Gold Project in TREASURY METALS INC.


Canada NewsWire




TSX:TML
OTCQX: TSRMF

TORONTO, Nov. 26, 2018 /CNW/ - Treasury Metals Inc. (TSX: TML) ("Treasury Metals" or the "Company") is pleased to announce the Company has entered into a binding term sheet with Extract Capital Master Fund Ltd. and Extract Lending LLC (together "Extract") to extend the maturity date of the Company's existing convertible term loan (the "Term Loan") for three years (the "Loan Amendment").


The Loan Amendment will amend the maturity date of the Term Loan, extending it for a period of three years from the effective date of closing that is anticipated to be on or about November 30, 2018. As part of the Loan Amendment, Extract has also agreed to assume the US$2.2 million portion of the US$4.4 million facility previously held by Loinette Company Leasing Ltd. which has agreed to an early payout without penalty. The terms of the Loan Amendment will be subject to TSX approval.


Pursuant to the terms of the Loan Amendment, the Term Loan shall be convertible at the election of Extract into common shares in the capital of the Company (the "Common Shares") at a conversion price of C$0.36 per Common Share, representing approximately a 50% premium to the closing price of the Common Shares (November 23, 2018), which is the closing date of entering into the binding term sheet.


All other terms of the Term Loan will remain unchanged. 


As consideration to Extract for entering into the Loan Amendment, the Company will pay Extract the following: (a) an extension fee of US$110,000, and (b) issue to Extract an aggregate of 600,000 common share purchase warrants (the "Warrants"), entitling Extract to purchase Common Shares at an exercise price of C$0.40 per Common Share for a three-year term. The Company may compel Extract to exercise the Warrants if the volume weighted average price of the Common Shares of the Company is C$0.60 or greater for thirty (30) consecutive trading days.


Exploration Agreement for Weebigee Gold Project


In addition, Treasury Metals is pleased to announce that its wholly owned subsidiary Goldeye Explorations ("Goldeye") and Sandy Lake First Nation ("SLFN") have entered into a one-year extension of its Exploration Agreement (the "Exploration Agreement Extension") on its Weebigee Gold Project to continue exploration activities. The Exploration Agreement has been in effect since November 2013.


The Weebigee Gold Project is 100% owned by Goldeye/Treasury and subject to an earn-in agreement with current operator Sandy Lake Gold Inc. ("SLG") effective since April 15, 2015.


The Weebigee Gold Project is located 227 kilometres north of Red Lake in Northwestern Ontario. In 2014, a 21 drill hole program completed by Goldeye in the western part of the claim package returned significant near surface results, including high grade gold intercepts of 12.86 Au g/t over 6.85 meters and 12.17 Au g/t over 6.2 meters. Further details regarding SLG's earn-in option agreement and Weebigee are available at Treasury's website www.treasurymetals.com.


The Exploration Agreement Extension reflects the ongoing collaborative relationship between Treasury Metals and SLFN, within whose Traditional Territory the Project is located. The parties are committed to ongoing meaningful engagement and dialogue with a view to ensuring that the SLFN community participates and benefits as the Project progresses. The Exploration Agreement Extension does not pertain to the additional mineral claims staked by SLG which are outside Goldeye's Weebigee Gold Project area.


To view further details about the Treasury Metals, please visit the Company's website at www.treasurymetals.com.


About Treasury Metals Inc.:


Treasury Metals is a gold focused exploration and development company with assets in Ontario, Canada and is listed on the Toronto Stock Exchange ("TSX") under the symbol "TML". Treasury Metals Inc.'s 100% owned Goliath Gold Project in northwestern Ontario is slated to become one of Canada's next producing gold mines. With first-rate infrastructure currently in place and gold mineralization extending to surface, Treasury Metals plans on the initial development of an open pit gold mine to feed a 2,500 tonne per day processing plant with subsequent underground operations in the latter years of the mine life. Treasury Metals is currently in the mine permit process on the Goliath Gold Project.


Follow us on Twitter @TreasuryMetals


Forward-looking Statements


This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expect, are forward-looking statements. Actual results or developments may differ materially from those in forward-looking statements. Treasury Metals disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.


SOURCE Treasury Metals Inc.



 


View original content: http://www.newswire.ca/en/releases/archive/November2018/26/c8504.html



Greg Ferron, Interim CEO, T: 1.416.214.4654, greg@treasurymetals.com; Mark Wheeler, Director, Projects, T: 1.416.214.4654, mark@treasurymetals.comCopyright CNW Group 2018

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8020Admin

4 months

8020Admin posted a press release Treasury Metals Announces 1.2 Million Ounces Gold Equivalent Measured & Indicated Mineral Resource Estimate with Gold Grade Increase; 64% Increase in Measured and Indicated Underground AuEq Ounces in TREASURY METALS INC.

TORONTO, Oct. 17, 2018 /CNW/ - Treasury Metals Inc. (TSX: TML) ("Treasury Metals" or the "Company") is pleased to provide an updated National Instrument 43-101 Mineral Resource Estimate (the "2018 Mineral Resource Estimate") on its 100% owned Goliath Gold Project. The Mineral Resource Estimate was completed by independent firm P&E Mining Consultants Inc. ("P&E").


The 2018 Mineral Resource Estimate is an update to the NI 43-101 Mineral Resource Estimate previously released on August 28, 2015 (the "2015 Mineral Resource Estimate") and includes results from a database representing an additional 98 diamond drill holes totaling 41,500 m of infill drilling completed between 2016 and 2018.


Read more here:  https://quotemedia.com/portal/quote? 

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8020Admin

4 months

8020Admin posted a press release Treasury's Exploration and Infill Program Continuing to Intercept Significant Gold Mineralization; Provides Federal Permitting Update in TREASURY METALS INC.

TSX: TML     OTCQX: TSRMF

TORONTO, Aug. 13, 2018 /PRNewswire/ - Treasury Metals Inc. (TSX: TML) ("Treasury" or the "Company") is pleased to announce assay results from three active exploration drilling zones, including results in the East Resource Target area, down dip within the developing C Zone shoot, and additional deep Main Zone infill drilling at the Company's flagship Goliath Gold Project located in northwestern Ontario.


Read more here:  https://quotemedia.com/portal/quote?qm_symbol=TML%3ACC&qmodStoryID=8203162777817894 

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8020Admin

7 months

8020Admin posted a press release Treasury Metals Provides Corporate Update on Term Loan Maturity Date Extension and on the Weebigee Gold Project in TREASURY METALS INC.


Canada NewsWire





TSX:TML
OTCQX: TSRMF


TORONTO, Nov. 26, 2018 /CNW/ - Treasury Metals Inc. (TSX: TML) ("Treasury Metals" or the "Company") is pleased to announce the Company has entered into a binding term sheet with Extract Capital Master Fund Ltd. and Extract Lending LLC (together "Extract") to extend the maturity date of the Company's existing convertible term loan (the "Term Loan") for three years (the "Loan Amendment").


The Loan Amendment will amend the maturity date of the Term Loan, extending it for a period of three years from the effective date of closing that is anticipated to be on or about November 30, 2018. As part of the Loan Amendment, Extract has also agreed to assume the US$2.2 million portion of the US$4.4 million facility previously held by Loinette Company Leasing Ltd. which has agreed to an early payout without penalty. The terms of the Loan Amendment will be subject to TSX approval.


Pursuant to the terms of the Loan Amendment, the Term Loan shall be convertible at the election of Extract into common shares in the capital of the Company (the "Common Shares") at a conversion price of C$0.36 per Common Share, representing approximately a 50% premium to the closing price of the Common Shares (November 23, 2018), which is the closing date of entering into the binding term sheet.


All other terms of the Term Loan will remain unchanged. 


As consideration to Extract for entering into the Loan Amendment, the Company will pay Extract the following: (a) an extension fee of US$110,000, and (b) issue to Extract an aggregate of 600,000 common share purchase warrants (the "Warrants"), entitling Extract to purchase Common Shares at an exercise price of C$0.40 per Common Share for a three-year term. The Company may compel Extract to exercise the Warrants if the volume weighted average price of the Common Shares of the Company is C$0.60 or greater for thirty (30) consecutive trading days.


Exploration Agreement for Weebigee Gold Project


In addition, Treasury Metals is pleased to announce that its wholly owned subsidiary Goldeye Explorations ("Goldeye") and Sandy Lake First Nation ("SLFN") have entered into a one-year extension of its Exploration Agreement (the "Exploration Agreement Extension") on its Weebigee Gold Project to continue exploration activities. The Exploration Agreement has been in effect since November 2013.


The Weebigee Gold Project is 100% owned by Goldeye/Treasury and subject to an earn-in agreement with current operator Sandy Lake Gold Inc. ("SLG") effective since April 15, 2015.


The Weebigee Gold Project is located 227 kilometres north of Red Lake in Northwestern Ontario. In 2014, a 21 drill hole program completed by Goldeye in the western part of the claim package returned significant near surface results, including high grade gold intercepts of 12.86 Au g/t over 6.85 meters and 12.17 Au g/t over 6.2 meters. Further details regarding SLG's earn-in option agreement and Weebigee are available at Treasury's website www.treasurymetals.com.


The Exploration Agreement Extension reflects the ongoing collaborative relationship between Treasury Metals and SLFN, within whose Traditional Territory the Project is located. The parties are committed to ongoing meaningful engagement and dialogue with a view to ensuring that the SLFN community participates and benefits as the Project progresses. The Exploration Agreement Extension does not pertain to the additional mineral claims staked by SLG which are outside Goldeye's Weebigee Gold Project area.


To view further details about the Treasury Metals, please visit the Company's website at www.treasurymetals.com.


About Treasury Metals Inc.:


Treasury Metals is a gold focused exploration and development company with assets in Ontario, Canada and is listed on the Toronto Stock Exchange ("TSX") under the symbol "TML". Treasury Metals Inc.'s 100% owned Goliath Gold Project in northwestern Ontario is slated to become one of Canada's next producing gold mines. With first-rate infrastructure currently in place and gold mineralization extending to surface, Treasury Metals plans on the initial development of an open pit gold mine to feed a 2,500 tonne per day processing plant with subsequent underground operations in the latter years of the mine life. Treasury Metals is currently in the mine permit process on the Goliath Gold Project.


Follow us on Twitter @TreasuryMetals 


Forward-looking Statements


This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expect, are forward-looking statements. Actual results or developments may differ materially from those in forward-looking statements. Treasury Metals disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.


SOURCE Treasury Metals Inc.


View original content: http://www.newswire.ca/en/releases/archive/November2018/26/c8504.html

Greg Ferron, Interim CEO, T: 1.416.214.4654, greg@treasurymetals.com; Mark Wheeler, Director, Projects, T: 1.416.214.4654, mark@treasurymetals.com 

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