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(Kitco News) - With a large capital injection and more targets, Fireweed Metals CEO Brandon Macdonald is growing the company.
Earlier this month Macdonald spoke to Kitco at Deutsche Goldmesse in Frankfurt, Germany.
Fireweed Metals (CVE:FWZ) is advancing its 100% owned, district-scale, 940-square-km Macmillan Pass project in Yukon, Canada, which is host to the Tom and Jason zinc-lead-silver deposits.
Other projects are the recently acquired Mactung Project, an undeveloped tungsten resource. Fireweed also acquired 100% of the 128.75 km2 Gayna River project located 180 kilometres north of the Macmillan Pass property. It is host to extensive mineralization including critical minerals zinc, gallium and germanium as well as lead and silver, outlined by 28,000 metres of historic drilling and significant upside potential.
The company also raised $35 million in December. The Lundin Family and Associates became the largest shareholders in the company (17.85%) while other major shareholders maintained or increased their shareholdings.
"With the intended pace that comes along with all that, it was absolutely the right time to staff up," said Macdonald.
In May the company hired a new operations manager. The company also added more geologists and a corporate development position.
Fireweed Metals is a Discovery Group company. Last decade Discovery Group's Kaminak Gold, also focused on targets in the Yukon, was acquired by Goldcorp for $520 million.
Coverage of Deutsche Goldmesse 2023 sponsored by Defiance Silver
