Hannan Metals completes second drill program at Stavaträsk gold project in Sweden

Bitget2026/11/04 11:34

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Hannan Metals completed its second drilling program at Sweden’s Stavaträsk gold project, comprising six holes totaling 1,255 meters.
Drilling tested extensions of known gold mineralization and new induced polarization targets; assays are expected within eight weeks.
Completion concludes the assessment period, leaving the decision to exercise the option to acquire 100% of the Swedish projects entirely with Hannan.
The option runs for two years from June 4, 2026, requiring minimum exploration spending of C$ 2 million, including completed drilling.
Exercise also requires issuing 3,500,000 common shares to the vendors; a 2% net smelter return royalty becomes payable upon exercise.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hannan Metals Ltd. published the original content used to generate this news brief via Newsfile (Ref. ID: 202611040630NEWSFILECNPR____20261104_322447_1) on November 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Hannan Metals completes second drill program at Stavaträsk gold project in Sweden

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