Hannan Metals Ltd. (TSXV:HAN)

Mining

Hannan Metals Ltd. is a junior mining company involved in the identification, acquisition, exploration, evaluation, and development of mineral resources, specifically base metal and precious metal projects.
Hannan Metals Ltd is a public company listed on the Toronto Venture Stock Exchange – the Canadian market, with its common shares trading under the ticker symbol HAN. The natural resource explorer also lists and trades its common shares on the Over the Counter Pink Market in the United States under the stock symbol HANNF.
The Vancouver based company owns and operates the San Martin Copper-Silver Project, located approximately 30 kilometres in the northwestern part of Tarapoto, north-central part of Peru.
The project consists of mining claims encompassing a combined strike of 120 kilometres, totalling 65,600 hectares of copper and silver mineral system. The project is at an altitude range of 400 - 1,600 metres with proximity to a highway.
In November 2020, Hannan Metals Ltd entered into a binding agreement with Japan Oil, Gas, and Metals National Corporation. Pursuant to the Agreement, JOGMEC holds an option to earn a 75 percent beneficial stake in the project by providing an expenditure of USD $35 million to carry on the feasibility study for the joint venture areas.
Hannan is supposed to manage the San Martin Project until JOGMEC acquires a majority stake, i.e., 51 percent in the project. The exploration work onsite includes geophysical, geochemical, and geological research and study work about the joint venture areas.
The company also owns mineral rights over 277 square kilometres in the San Martin area, apart from the joint venture and has mineral claims for 1,062 square kilometres in central-eastern parts of Peru.
Hannan Metals Ltd also owns a 100 percent stake in the Clare Regional Project situated at some 1.5 kilometres in eastern Ennis, Ireland. The project comprises seven mineral prospect licenses and two applications for prospecting licenses spanning a total area of 35,444 hectares.
The Clare Project hosts zinc (Zn), silver (Ag)and lead (Pb)mineral systems, particularly in three areas – the Kilbricken, Ballyvergin, and Kilmurry. The company conducted a regional soil sampling and seismic survey in 2018 to implement efficient and effective exploration activities.
The company is working on the exploration and drilling programs to discover, evaluate and expand the mineral resources potential for the development and advancement of its Europe and Peru-focused project portfolio.

Contact Information

company address Suite 1305 - 1090 West Georgia St. Vancouver, BC Canada, V6E 3V7

company phone604 685-9316

company email[email protected]

company websitehttps://www.hannanmetals.com/

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