Total Metals (TSXV: TT) Looks Perfect and Good Luck to Blue Jays
Exactly one week ago, NIA sent out an alert saying, "When Total Metals (TSXV: TT) completes its acquisition of the High Lake and West Hawk Lake gold projects it will have approximately 49.7 million shares outstanding and about $4 million in cash leftover to start work on their flagship polymetallic copper, zinc, gold, silver Electrolode project. At its current price of $0.92 per share we are talking about a market cap of only CAD$45.72 million or USD$32.79 million when Total Metals is going to own two of the highest-grade gold projects in all of Canada."
Total Metals (TSXV: TT) gained by 10.87% last week to $1.02 per share so we are currently looking at a post-acquisition market cap of only CAD$50.694 million or USD$36.21 million.
A lesser quality company Blue Lagoon Resources (CSE: BLLG) closed last week with a market cap of CAD$109.386 million because its Dome Mountain project in B.C. has high gold grades with a measured & indicated 218,000 oz Au @ 8.60 g/t Au and an inferred 16,000 oz Au @ 6.02 g/t Au.
The High Lake Gold Project in Ontario being acquired by Total Metals (TSXV: TT) has higher-grade gold resources than BLLG's Dome Mountain with an indicated 45,800 oz Au @ 9.38 g/t Au and an inferred 96,200 oz Au @ 10.43 g/t Au.
The adjacent West Hawk Lake Gold Project in Manitoba being acquired by Total Metals (TSXV: TT) has a historical non-43-101 resource of 204,292 oz Au @ 13.90 g/t Au. By confirming historical drilling at West Hawk Lake and bringing it up to 43-101 status the total high-grade gold resources at High Lake + West Hawk Lake will become significantly larger than BLLG.
Total Metals (TSXV: TT)'s 100% owned Electrolode Project in Ontario contains multiple high-grade polymetallic discoveries across the property including the Arrow Zone which contains a high-grade polymetallic inferred resource of 2.1 Mt @ 0.66% Cu, 4.75% Zn, 0.66 g/t Au, 17.7 g/t Ag. On the other side of the property is the E Zone with a historical non-43-101 resource of 145,000 tonnes @ 8.28% zinc, 1.02% copper and 24 g/t silver. This is on strike with the D Zone where a discovery was made of 10.0 g/t Au, 1.75% Cu, 0.86% Zn, and 240.6 g/t Ag over 3.4m. The property's Hornet Zone includes historical drilling intercepts of 7.56% zinc and 0.08% copper over 6.6m and 4.07% zinc and 1.13% copper over 5.03m. The property's B Zone includes a historical drilling intercept of 2.50% zinc and 1.68% copper over 6.3m.
In NIA's opinion, High Lake + West Hawk Lake + Electrolode combined will be much more valuable than BLLG's Dome Mountain.
Due to overwhelming demand from large institutional investors, Total Metals (TSXV: TT) is no longer doing a LIFE offering where newly issued shares would become free trading immediately. They are raising the funds for the acquisition and initial exploration in a non-brokered private placement with a 4-month holding period!
Click here to read NIA's Total Metals (TSXV: TT) mini report! We will publish a full in-depth report shortly after the completion of the acquisition!
Good luck to the Blue Jays tonight!
The two biggest Ontario news stories of 2025 will be:
1) The Blue Jays winning the World Series
2) Total Metals (TSXV: TT) acquiring High Lake one of the highest-grade gold projects in all of Ontario.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA has received compensation from TT of US$100,000 cash for a twelve-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.
