Artemis Gold Inc.
Strategic Investment in Velocity Minerals (TSX-V: VLC)
In March 2019, Artemis made a strategic investment into Velocity Minerals, a gold exploration and development company focused on eastern Europe. Proceeds from the VLC Investment are being used to fund the advancement of Velocity's flagship deposit, the Rozino gold project located in southeast Bulgaria (“Rozino”) towards feasibility and permitting, including resource expansion and definition drilling, engineering studies, environmental monitoring and assessment and for general working capital purposes. The Artemis team sees many opportunistic characteristics in the Rozino project that are similar to Atlantic Gold's producing Moose River Consolidated Mine (“MRC”).
GK Project, British Columbia
The Artemis Strategy and Differentiators
Management and Directors
Steven Dean, Chairman, Chief Executive Officer & Director
Mr. Dean has extensive experience internationally in mining, including as President of Teck Cominco Limited (now Teck Resources Ltd.). Mr. Dean was Chairman and CEO and founder of Atlantic Gold Corporation, which was sold to St. Barbara Limited in 2019 for $802 million. Mr. Dean is a recipient of the 2020 Viola R. MacMillan Award from the Prospectors and Developers Association of Canada (PDAC) for individuals demonstrating leadership in management and financing for the exploration and development of mineral resources.
Chris Batalha, CPA, CA, Chief Financial Officer & Corporate Secretary
Mr. Batalha has over seven years' experience in accounting, finance, corporate governance and M&A with a number of mining exploration and development companies in the gold and iron ore space. Over the past several years, Mr. Batalha has been the CFO of Atlantic Gold Corporation until its sale to St. Barbara Limited in 2019.
Alastair Tiver, P.Eng., Vice President Projects
Mr. Tiver has more than 30 years of international mining experience in project evaluations, reserve estimation and mine development in base and precious metals. For the past 14 years he has been involved in project development within Canada. He has held senior management roles in several companies including, BC Metals Corporation, Copper Mountain Mining Corporation, Yellowhead Mining Inc. and Atlantic Gold Corporation.
Neil Schofield, B.Sc. (Geology), M.Sc., Resource Geologist Consultant
Mr. Schofield has over 30 years experience in the mining industry, having worked as a mineral exploration geologist since 1972 and as a geostatistician in mineral resource assessment since 1989.
Marc Schulte, Mining Engineer Consultant
Mr. Schulte is a licensed professional mining engineer with over 18 years of combined experience in operations and consulting. He has been involved with operations in Western Canada, and internationally as a consultant on various engineering.
Tracey Meintjes, Technical Advisor
Mr. Meintjes has over 25 years of international experience in metallurgy, minerals processing, and mine planning. Mr. Meintjes' most recent project success includes the Moose River Consolidated Mine gold project.
Robert G. Atkinson, Director
Ryan Beedie, Director
David Black, Director
William Armstrong, P.Eng., Director
On March 01, 2021, Artemis Gold Inc. provided an update on the site activities related to the advancement of the Blackwater Gold Project in Central British Columbia. In support of the Definitive Feasibility Study ("DFS") and in preparation for commencement of construction for Blackwater, Artemis has been conducting the following activities:
The work program in the first six months of 2021 is on track to culminate with the completion of the DFS on Blackwater by mid 2021.
On February 24, 2021, Artemis Gold Inc. announced that it has submitted documents to Environment and Climate Change Canada to commence the federal Schedule 2 amendment regulatory process under the Metal and Diamond Mining Effluent Regulations (MDMER) in respect of its Blackwater gold project in central British Columbia.
On February 09, 2021, Artemis Gold Inc. announced that it has submitted applications to the B.C. Government to undertake an early works construction program in respect of its Blackwater Gold Project in Central British Columbia.
On February 08, 2021, Artemis Gold Inc. has appointed Candice Alderson as senior vice-president of corporate affairs for the company. Ms. Alderson will be responsible for executing the company's strategy, alongside senior management, in respect of stakeholder and government affairs, and key relationship and contract management for the company, in respect of its Blackwater gold project. Ms. Alderson will join the company in her new role, based out of the company's Vancouver office, effective Feb. 15, 2021.
On January 27, 2021, Artemis Gold Inc. has appointed Gerrie van der Westhuizen as vice-president of finance for the company, effective Jan. 27, 2021. Based out of the Company's Vancouver office, Mr. Van der Westhuizen will be responsible for managing the finance function for the Company in respect of strategic financial analysis and planning, treasury & debt management, budgeting, financial reporting, business processes & related controls as well as building the finance team both at the Company's head office and at the Company's wholly owned Blackwater Gold Project ("Blackwater"), as the company progresses to the construction and operations phases at Blackwater.
On January 06, 2020, Artemis Gold Inc. has appointed Jeremy Langford as chief operating officer of the company, effective Jan. 6, 2021. Based out of the company's Vancouver office, Mr. Langford will be responsible for the overall operational and technical management of the company's assets, as well as take a lead role alongside the chairman and chief executive officer of the company in executing the company's business plan and strategy.
On November 11, 2020 Artemis Gold Inc. provided key data on the near-surface high-grade starter pit mineralization and the commencement of its grade control drilling program at the company's Blackwater gold project in central British Columbia, Canada.
The company has budgeted for a 35,000-metre reverse circulation drill program targeting mineralization planned to be mined during the first year of production within phase 1 of the Blackwater development plan as set out in the company's 2020 prefeasibility study on the project. The primary objectives of the program are to:
On November 05, 2020, Artemis Gold Inc. announced the results of an Economic Impact Study conducted on the company's Blackwater Gold project in Central British Columbia, Canada. The Company engaged KPMG to produce the Study to be used to measure the updated economic benefits of the staged approach to the development of the Project. The Study focuses on job creation, fiscal revenues, and overall economic wealth creation for the regions within and surrounding the Project, the Province and for Canada. The summary include:
On November 02, 2020, In accordance with Policy 2.5, Artemis Gold Inc. has met the requirements for a Tier 1 company. Therefore, effective at market open, Wednesday, Nov. 4, 2020, the company's tier classification will change from Tier 2 to Tier 1, mining issuer.
On October 30, 2020, Artemis Gold Inc. announced that the company has been approved for graduation from Tier 2 to Tier 1 issuer status on the TSX Venture Exchange, effective Nov. 4, 2020.
On September 18, 2020, Artemis Gold Inc. has filed a National Instrument 43-101 technical report, entitled "Blackwater Gold Project British Columbia -- NI 43-101 Technical Report on Pre-Feasibility Study," with an effective date of Aug. 26, 2020. The technical report is available for review on SEDAR and on the company's website.
On September 02, 2020, Artemis Gold Inc. has closed its previously announced non-brokered private placement to Nick Campbell for gross proceeds of $1,362,500 through the issuance of 250,000 common shares of the company at a price of $5.45 per share. The company expects to use the net proceeds from the private placement toward advancing its recently acquired Blackwater gold project in central British Columbia as well as for general working capital.
On August 27, 2020, Pursuant to the terms of an employment agreement between Nick Campbell and Artemis Gold Inc. (as previously announced on Aug. 24, 2020), Artemis intends to complete a non-brokered private placement to Mr. Campbell for gross proceeds of $1,362,500.
On August 26, 2020, Artemis Gold Inc. has provided the results of a prefeasibility study (PFS) based on a revised development approach to the recently acquired, and 100-per-cent-owned Blackwater gold project in central British Columbia.
On August 24, 2020, Artemis Gold Inc. announced that after the successful completion of the acquisition of the Blackwater gold project on Aug. 21, 2020, the company has appointed key staff members as the company looks to execute on its primary objective of advancing the project toward permitting and construction. The people include Nick Campbell - VP Capital Markets, Klaus Popelka - Manager Resource Geology and Ryan Todd - VP Environment & Social Responsibility.
On August 24, 2020, Artemis Gold Inc. announced that it has completed the acquisition of the Blackwater gold project in central British Columbia from New Gold Inc. pursuant to the terms of an asset purchase agreement dated June 9, 2020, with New Gold and BW Gold Ltd., a wholly owned subsidiary of Artemis. Artemis has acquired all of New Gold's property, assets and rights related to the project and now holds a 100-per-cent interest in the project.
On August 24, 2020, Artemis Gold Inc. announced that the TSX Venture Exchange has accepted for filing documentation with respect to a brokered and non-brokered private placement announced June 12, 2020. Number of shares: 64,825,925 shares, Purchase price: $2.70 per share, Number of placees: 99 placees
On August 11, 2020, Artemis Gold Inc. announced that the disinterested shareholders have approved the non-brokered private placement of 23,095,600 subscription receipts of the company to certain insiders of the company and their joint actors at the company's special meeting of shareholders held earlier today.
On June 12, 2020, Artemis Gold Inc. has entered into an agreement with a syndicate of underwriters co-led by Canaccord Genuity Corp. and BMO Capital Markets in connection with a bought deal private placement financing of an aggregate of 38.9 million subscription receipts of the company. The Company is also undertaking a non-brokered private placement of subscription receipts to insiders of the Company and to a president's list on the same terms as the Bought Deal Offering.
The proceeds from the issue and sale of approximately C$175 million of Subscription Receipts will be used by the Company to fund its acquisition of the Blackwater Gold Project in British Columbia (the "Project") from New Gold Inc. with an initial payment ("Initial Payment") of C$140 million (the "Transaction") and for general corporate purposes.