York Harbour Metals Inc. (YORK.V) is a rapidly growing exploration and development company based in Vancouver. It primarily explores gold and copper minerals. The company is currently working on the York Harbour Copper-Zinc project, which is located 27 kms west of Corner Brook city in Canada.
Recent Developments
York Harbour Metals is making progress on multiple fronts. We will discuss some of the notable developments from recent months. Earlier this month, the company raised the size of its previously disclosed private placement offering for total proceeds of up to $10 million.
Investment firms Research Capital Corp and Red Cloud Securities are acting as joint book runners for the said offering. York Harbour Metals intends to use the capital from the sale of its common stock primarily for exploration and development at its York Harbour Project.
Meanwhile, the company continues to make significant progress at its flagship copper-zinc project. In April, York Harbour Metals announced the completion of more than 10,000 meters of diamond drilling in 64 drill holes. Back then, the company claimed to have intersected superior grades of copper and zinc at the project.
Separately, the company expanded its strategic land positioning at its namesake York Harbour copper-zinc project. It acquired an additional 825 hectares bordering the western and southern limit, bringing the total area of the project to 4,725 hectares.
Bottomline
The world is currently facing a shortage of critical metals used in various industries. For instance, leading electric vehicle makers are facing production delays due to the unavailability of copper, a vital component used in batteries and electric motors.
Therefore, companies like York Harbour Metals are well set to capitalize on the increasing demand for rare metals. York Harbour’s recent exploration progress and rising demand for valuable metals are also reflected in its share price, which has skyrocketed nearly 200 percent during the past 12 months. To learn more about York Harbour Metals please visit their website at www.yorkharbourmetals.com and download their investor presentation.
