Metallic Minerals Completes Strategic Equity Investment by Newcrest Mining

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May 18, 2023

VANCOUVER, BC / ACCESSWIRE / May 18, 2023 / Metallic Minerals Corp. (TSXV:MMG, Financial)(OTCQB:MMNGF) ("Metallic Minerals" or "the Company") is pleased to announce the completion of a 9.5% strategic equity investment by a wholly-owned subsidiary of Newcrest Mining Limited ("Newcrest"). Pursuant to the placement, Metallic Minerals issued 15,838,593 units at a price of $0.40 per unit for gross proceeds of approximately $6.3 million.