In Summer 2016, the Board of Directors of Metallic Minerals Corp. (formerly Monster Mining Corp.) initiated a strategy designed to strengthen the Company and enable it to actively advance its projects, to the benefit of shareholders. In July, a $1.5 million private placement financing was completed, the proceeds of which will be directed toward the Company's two Yukon, Canada projects and general corporate activities (see news release dated July 29, 2016). In September, the Company adopted a new name and trading symbol and appointed Greg Johnson as CEO and Chairman. Mr. Johnson has the extensive exploration background and capital markets expertise to guide the Company through the next phase of development.
Metallic Minerals Corp. (TSX-V: MMG)
is a growth stage silver and gold exploration company, focused on creating value through a disciplined entrepreneurial approach to exploration in mining districts of western North America that have been shown to produce top tier, "company-making" assets, and yet remain under-explored. This strategy is designed to reduce investment risk and substantially increase our chances for long term success.
Our core Keno-Lightning property is located in the historic Keno Hill silver district of Canada's Yukon Territory, a region which has produced over 200 million ounces of silver and currently hosts one of the world's highest grade silver resources. In addition, our McKay Hill silver and gold property is a historic producer and is located northeast of Keno Hill in a newly emerging silver and gold mining district.
Metallic Minerals is led by a team with a track record of discovery and exploration success, including large scale development, permitting and project financing. Importantly, our team brings years of experience in the north, especially the Yukon, Alaska and British Columbia, where we have established long-term working relationships with First Nations and Native Corporations, as well as local communities and regional governments.