Sudbury, Ontario--(Newsfile Corp. - June 14, 2021) - Transition Metals Corp (TSXV: XTM) ("Transition", the "Company") is pleased to announce that the Company has entered into a binding letter of intent ("LOI") entitling McFarlane Lake Mining Incorporated ("MFM") to purchase a 100% interest in 122 mining claims and 3 patents covering 2,605 hectares in Mongowin Township approximately 20 kilometres South of Espanola, Ontario. The property is comprised of 112 staked claims, three mining patents and 10 purchased mining claims for a total of 2,605 hectares (the "Property"). The 10 purchased mining c...
Sudbury, Ontario--(Newsfile Corp. - May 19, 2021) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce the commencement of field work on 5 of the Company's priority projects located in Ontario, Newfoundland and Saskatchewan. Company crews have commenced field work in the Sudbury area with plans to move into northwestern Ontario, and Saskatchewan later this summer. The Company is also planning to complete an airborne magnetic survey over the Duntara Copper project in Newfoundland this summer.Commenting on the 2021 plan, CEO Scott McLean stated, "Transition i...
Sudbury, Ontario--(Newsfile Corp. - May 11, 2021) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that it has secured a 100% interest in the Cryderman property located in southwest Macmurchy Township, Larder Lake Mining District, Ontario. The property consists of six mining and surface rights leases, totaling approximately 106 hectares which host a system of quartz veining partially exposed around a 40 foot (12.2m) deep historical shaft sunk in 1917 to explore the Queen Elizabeth vein.Channel sampling by Transition in 2019 included 21 channels totallin...
Sudbury, Ontario--(Newsfile Corp. - April 8, 2021) - Transition Metals Corp (TSXV: XTM) ("Transition", "XTM", "the Company") is pleased to announce exploration activities commencing with a high-resolution airborne magnetic survey over its newly acquired Jolly Gold project approximately 75 kilometres north of Thunder Bay, Ontario. The Company has contracted New-Sense Geophysics Limited to conduct the 1,066 line kilometre survey at 50 metre spacing over the entire 4,560 hectare property. The close line spacing of the survey will help to delineate geological trends, and cross-cutting structural r...
Sudbury, Ontario--(Newsfile Corp. - March 29, 2021) - Transition Metals Corp (TSXV: XTM) ("Transition" or "XTM") is pleased to announce that the Company has identified an intriguing underexplored gold opportunity near the eastern margin of the prolific Quesnel Trough, close to Vernon, British Columbia. The Company has executed a binding letter of intent with Underhill Exploration Ltd ("Underhill" or "Optionor") to option its property and has staked an additional 4,300 hectares of adjacent mineral claims. The Underhill property covers the Blackhawk Prospect which encompasses the historic East S...
Sudbury, Ontario--(Newsfile Corp. - March 24, 2021) - Transition Metals Corp (TSXV: XTM) ("Transition", the "Company") announces that the Company has amended its agreement with Battery Minerals Resources Corp (TSXV: BMR ) ("Battery"). The amendment allows for BMR to focus its earn-in efforts on portions of the property under option from Transition considered to be more favourable for hosting silver and cobalt mineralization while facilitating the return of portions of the property considered more favourable for hosting gold to Transition. Under the amended agreement, the Company has waived t...
Sudbury, Ontario--(Newsfile Corp. - March 9, 2021) - Transition Metals Corp (TSXV: XTM) ("Transition", the "Company") is pleased to announce SPC Nickel Corp (TSXV: SPC) ("SPC Nickel"), a battery metals company focused on nickel and copper exploration in the Sudbury Basin, commenced trading on the TSX Venture Exchange under the ticker SPC on March 8.Scott McLean, P.Geo., CEO of Transition stated, "As a project generator, we spun out our Sudbury assets into SPC Nickel in 2013 so that it could focus on Ni-Cu-PGM exploration in the world-class mining camp. Our goal was for SPC to advance the Aer-K...
Sudbury, Ontario--(Newsfile Corp. - February 24, 2021) - Transition Metals Corp (TSXV: XTM) ("Transition", the "Company") is pleased to announce that its board of directors has declared a special dividend-in-kind (the "Dividend") of a portion of the common shares of SPC Nickel Corp. ("SPC Nickel") held by the Company to the Company's shareholders of record as at March 3, 2021 (the "Record Date"). Each holder of the Company's common shares on the Record Date will receive 0.1 of an SPC Nickel share (each whole SPC Nickel share, a "SPC Nickel Share") for each one Transition share held by the Tra...
Sudbury, Ontario--(Newsfile Corp. - February 22, 2021) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that the Board of Directors, all of whom were re-elected at Tuesday's Shareholder Annual General Meeting, recently approved the 2021 budget totalling $2,500,000. The plan includes exploration on 5 of the Company's priority projects, acquisition and development of 2 to 3 new quality projects, and continued efforts to negotiate new joint venture agreements with potential partners to fund advanced exploration on the projects available for option. As part...
Additional 23 square kilometres staked to cover new anomalous copper target areasSudbury, Ontario--(Newsfile Corp. - January 18, 2021) - Transition Metals Corp (TSXV: XTM) ("Transition", "XTM" or the "Company") is pleased to report the results of a successful property-wide helicopter-supported, tree-top, biogeochemical survey completed over approximately 150 square kilometers of its 100% owned Wollaston Copper project in north central Saskatchewan. Transition has added an additional 23 square kilometres to cover significant areas of anomalous copper outlined by this survey. The project is loca...
Sudbury, Ontario--(Newsfile Corp. - January 14, 2021) - Transition Metals Corp. (TSXV: XTM) ("Transition", "the Company") is pleased to announce the discovery of a new high-grade gold occurrence (the JBM Showing) on its Sawmill property. Grab samples collected by Transition in late November, 2020 at the JBM showing returned high-grade assays of 38.7 g/t Au and 30.7 g/t Au (Table 1, Figure 2). Encouraging gold results were also returned from grab sampling at four other areas on the property that were followed up on with channel sampling before winter conditions halted further sampling. Highli...
Sudbury, Canada--(Newsfile Corp. - January 5, 2021) - Transition Metals Corp (TSXV: XTM) ("Transition", the "Company") is pleased to announce that the Company has granted an option on its Island Copper project to Rich Copper Exploration Corp ("Rich Cu"), a private corporation. The property consists of 5 mining claims covering 62 hectares in Awares Township located approximately 20 kilometres northeast of Sault Ste. Marie, Ontario. (the "Property").Under the terms of the Agreement, Rich Cu can vest a 100% interest in the Property by providing Transition with $150,000 cash over 3 years ($25,000 ...
Sudbury, Ontario--(Newsfile Corp. - December 18, 2020) - Transition Metals Corp. (TSXV: XTM) ("Transition") announces that the Board of Directors have approved the issuance of 2,325,000 stock options to Officers, Directors and Employees of Transition in accordance with its Stock Option Plan. The Options entitle the holder purchase a common share in Transition for $0.155 for a period of 5 years. About Transition Metals CorpTransition Metals Corp (TSXV: XTM) is a Canadian-based, multi-commodity project generator that specializes in converting new exploration ideas into Canadian discoveries i...
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