Metals Update 21/04/2021

Metamaterial loses $19.8-million in 2020

Metamaterial Inc. has released its fourth quarter and full-year 2020 results. Please visit the investors section of the company’s website to view the Q4 2020 shareholder letter.

The financial statements and the associated management discussion and analysis for the quarter and 12 months ended Dec. 31, 2020, are available on the investors section of the company’s website as well as under the company’s profile on SEDAR.

The 2020 net loss was $19,806,340, 27 cents per share on 74,271,609 weighted average shares, compared with a 2019 net loss of $11,083,258, $1.14 per share on 9,724,476 weighted average shares. Total 2020 revenue was $1,507,690, compared with 2019 revenue of $1,195,058.

About Metamaterial Inc.

Metamaterial delivers previously unachievable performance, across a range of applications, by inventing, designing, developing and manufacturing sustainable, highly functional materials. The company’s extensive technology platform enables leading global brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. The company’s achievements have been widely recognized, including being named a Global Cleantech 100 company.

Timberline shareholders approve all matters at AGM

Timberline Resources Corp. has released the results of its 2021 annual general meeting of shareholders, held on April 14, 2021 in Coeur d’ Alene, Idaho. Proxies were solicited under the proxy statement filed with the Securities and Exchange Commission on March 3, 2021.

The issued and outstanding shares at Feb. 25, 2021, the date of record, totalled 114,240,282 shares. Total shares voted at the meeting were 64,753,791, or 56.68 per cent of the issued and outstanding shares. The company received overwhelming approval for all proposals submitted to shareholders as shown in the attached table.

About Timberline Resources Corp.

Timberline Resources is focused on delivering high-grade Carlin-type gold discoveries at its district-scale Eureka project in Nevada. The Eureka property includes the historic Lookout Mountain and Windfall mines in a total property position of approximately 24 square miles (62 square kilometres). The Lookout Mountain resource was reported in compliance with Canadian National Instrument 43-101 in an updated technical report on the Lookout Mountain project by Mine Development Associates, Effective March 1, 2013, filed on SEDAR April 12, 2013.

The company is also operator of the Paiute joint venture project with Nevada Gold Mines in the Battle Mountain district. These properties all lie on the prolific Battle Mountain-Eureka gold trend. Timberline also controls the Seven Troughs project in northern Nevada, which is one of the state’s highest-grade former gold producers. Timberline controls over 43 square miles (111 square kilometres) of mineral rights in Nevada.