- Business
- Nine Mile Metals Ltd. (CSE: NINE; OTCQB: VMSXF; FSE: KQ9) is a Canada-based mineral exploration company focused on critical mineral exploration of volcanic massive sulfide (VMS) deposits containing copper, lead, zinc, silver and gold in the Bathurst Mining Camp of New Brunswick, Canada; the company explores its four principal projects, including the Nine Mile Brook VMS Project with Drill Program #2 underway, the California Lake VMS Project where Drill Program #1 is completed, the Canoe Landing Lake (East-West) VMS Project, and the Wedge VMS Project which it recently acquired 100% interest in; founded in 2018 and headquartered in Vancouver, Canada, Nine Mile Metals targets high-grade polymetallic mineralization for electric vehicle and green technology markets with a gold hedge. The company recently completed drill hole DDH WD-25-01 confirming two zones of VMS mineralization including massive copper-bearing sulphides at the Wedge Project in November 2025, followed by DDH WD-25-02 in December 2025 to extend the copper-rich footprint westward; it mobilized an Orbit Garant drill rig for the Wedge program in November 2025, reported Phase 3 XRF high-grade results up to 26.14% copper, closed a fully subscribed private placement and debt conversion in April 2025, made second anniversary payments to maintain the Wedge option in March 2025, appointed a new CFO and board changes in February 2025, and added Jonathan Holmes to its board of directors in April 2025.