MP Materials Corp. press release

BLM Greenlights New Drill Pads at Arizona Metals Corp.'s (TSX: AMC) (OTCQX: AZMCF) Kay Mine Project, Company Readies for 94,000 Meters of Drilling

2022-11-23

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BLM Greenlights New Drill Pads at Arizona Metals Corp.’s (TSX: AMC) (OTCQX: AZMCF) Kay Mine Project, Company Readies for 94,000 Meters of Drilling

Arizona is one of the most attractive mining jurisdictions in the world and hands down the biggest producer of copper in the U.S. Arizona Metals’ flagship project, Kay Mine, is surrounded by 60 past producing underground VMS copper-gold-zinc-silver mines 72,000 meters have been drilled to date in Phases 1 and 2 at Kay Mine, to prove historic resource estimates and with CDN$60 million in the bank, Arizona Metals is ready to complete Phase 2 and initiate Phase 3 drilling now that Bureau of Land Management (“BLM”) has approved drill pads

Arizona is the United States’ largest producer of copper without question, as the state was responsible for 71% of the country’s copper production in 2021. Looking ahead, there are clear signs that Arizona will continue to dominate a market expected to see increasing demand owing to the rise of electric vehicles. In its bid to add its name to Arizona’s rich mining history, Arizona Metals (TSX: AMC) (OTCQX: AZMCF)hit a big milestone at the end of October that paves the way for resources and reserves at its expansive project north of Phoenix.

Laden with copper, gold and other metals, Arizona is ranked 2nd out of 77 jurisdictions for investment attractiveness by the venerable Fraser Institute. It is not without reason that the state is a host to mines and...

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NOTE TO INVESTORS: The latest news and updates relating to AZMCF are available in the company’s newsroom at http://ibn.fm/AZMCF

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