Metallica Metals Corp.
MM.CN
Canadian Securities Exchange0.26
CAD
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Metallica Metals Corp.
MM.CN
(Canadian Securities Exchange)
Recent
price
0.26
P/E
ratio
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div
yld
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ROIC.AI
Capital Structure
FRC
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in mil. unless spec.- Similar Companies
- Business
- Metallica Metals Corp. (CSE:MM), formerly known as Cameo Industries Corp. and now operating as Quebec Rare Earth Elements Corp. following a name change in November 2023, is a Canada-based mining exploration and development company focused on rare earth elements (REE) properties primarily in the favorable mining jurisdiction of Quebec. The company holds interests in the Carcajou REE project covering 77 square kilometers southwest of the Crevier Carbonatite with significant total rare earth oxide (TREO) values up to 1.1%; the Lynx REE project spanning 48.8 square kilometers including the Riviere Noire alkaline intrusive plug hosting disseminated TREO up to 0.49% and high-grade dykes up to 3.8% TREO, under an option agreement to acquire 100% interest through staged cash payments and share issuances; and the Caribou REE property on Quebec's Côte Nord featuring an iron-rich horizon with minor REE, acquired in March 2024 via issuance of 3,000,000 common shares. It maintains its head office in Toronto, Ontario, with a Quebec-based management team experienced in all stages of mining development, and was originally incorporated in 1987. Recent activities include a June 2024 non-brokered private placement raising $1,041,400 through common and flow-through shares to fund ongoing exploration; completion of 2024 exploration programs involving mapping, prospecting, and geophysics on Carcajou and Lynx yielding results under review; acquisition of additional claims surrounding Lynx in November 2023; appointment of Sylvain Duchesne as Vice President, Process and Engineering in April 2024; and granting of 4,000,000 stock options to officers and directors in May 2024. The company's operations target REE supply chains outside China within Quebec's Waswanipi-Saguenay Zone and Côte Nord regions, emphasizing sustainable development and local community engagement.