Updated
Updated · Newsfile · Jul 3
Nine Mile Metals Hires ITG, Proactive for CAD $31,960 as 10,000-Metre Wedge Drill Program Advances
Updated
Updated · Newsfile · Jul 3

Nine Mile Metals Hires ITG, Proactive for CAD $31,960 as 10,000-Metre Wedge Drill Program Advances

3 articles · Updated · Newsfile · Jul 3

Summary

  • Nine Mile Metals signed two June 15 agreements to support its shares and investor outreach, paying ITG CAD $5,500 a month for market making and Proactive about CAD $26,460 a year for digital media services.
  • ITG will trade Nine Mile shares on the CSE and other venues to help maintain an orderly market and improve liquidity; the initial term is one month and renews monthly unless either side gives 30 days' notice.
  • Proactive will produce video interviews, editorial content and distribution across its media platforms under a 12-month contract that renews automatically, with compensation paid entirely in cash and no equity.
  • The company said the mandates are part of a broader capital-markets push tied to its ongoing 10,000-metre drill program at the past-producing Wedge Copper Mine in New Brunswick's Bathurst Mining Camp.

Insights

Can paying for visibility solve the junior mining sector's 'targeting problem,' or is it a costly distraction from making a real discovery?
Is this new strategy the key to unlocking value, or just a cash burn while the real work happens underground?