 Well, hello everyone, this is Byron King with Investor Intel and today we are going to speak with a gentleman named Karim Uzunmetz, who is running a company called Metallum. Fairly new name to many people out there, but a name that perhaps and we hope will become more familiar. Metallum is in the zinc side of the house with a project in in Canada, just north of Lake Superior in that whole stretch of pre-Cambrian rocks up there that's been the host of so many other places over so many dozens of decades really. So Karim, hello, it's great to be with you. Just for people who are not familiar with Metallum, haven't read of it, give us the one or two minute elevator summary. What is Metallum and what are you guys doing? Yeah, thanks for having me. It's always good to talk to you. No, Metallum is relatively new. We just started trading last year when we acquired this asset from an Australian company who couldn't really, with COVID, it was getting difficult for them. But yeah, it's a zinc and copper mainly project. It's very, very high grade, one of the highest grade deposits in the world, definitely highest grade in Canada that's under development. It's an old mine with exceptional numbers and we're looking at reopening the mine right now as we move forward with this process. It's like I said, super high grade, so it's going to be very profitable now that the zinc price is high as well as copper and it's going to remain high. All the indicators are there. It's at actually all-time highs, both for both metals and they are both critical metals for US and Canada and with all the incentives that government Ontario as well as federal government doing, this is the best time. Okay, well that opens a whole book of questions here. You are in, you're working north of Lake Superior, if my mapping is correct and people may have heard of Thunder Bay, for example. Here's Lake Superior and down below is Michigan and over there is Minnesota. So if I'm at Thunder Bay, where are you from Thunder Bay? Yeah, that's a good point. We're just east of Thunder Bay, about 150 kilometers with the highway connected. So you drive from Thunder Bay, 150 kilometers along TransCanada Highway and there's a 20 kilometer well maintained road off the highway right to the mine gate. So it's a very well located, there's a town called Shriver, closest town railway station, fantastic infrastructure. The main thing is between Thunder Bay and Wawa, it's highly underexplored. There is that potential, which this property is also underexplored, but it's also, we have the history of mining in the whole region. So we get best of both worlds. What I really like about that entire region is, it's ancient pre-Cambrian rock and one of the two billion years ago, there was a failed rift system in the middle of North America where the continents start to pull apart, but then they didn't pull apart or else we'd know about it. They didn't, but they came back in. But that whole region, when you get into upper Michigan and the Kiwanaw Peninsula, I have here on my desk, there's a beautiful specimen of just elemental native copper from Kiwanaw and some of the, it was the first American mining boom in the 1830s really, that was just native copper, people were just pulling it right out of the rocks. So there's Kiwanaw, you go under the lake, which is a glacial feature and also has to do with that ancient failed rift system because the glaciers moved out all the softer sediments, but then you come back up into those hard rocks over on the other side and there you are in the same kind of geology, not copper, zinc and metallum. Now you said this is a previously mined area, so there's a road and there's a nearby town, you've got labor force and you also, I believe, have a power line passing right next to you or through you if I'm not mistaken. Is that right? Your infrastructure is right there, is that fair to say? That's correct. There's a lot of infrastructure that's already in place because we luckily inherit to all this. The good thing is the power line goes actually across the property. They recently upgraded or upgrading still parts of it through the whole region. We have a transformer on site, but we also have all the underground development, 16 kilometers of underground development right to the ore remaining and tailings dam and water treatment facility and so forth. So it's going to make a lot easier for permitting but also on the capital investment side of things. Well, it's always a pleasure to encounter a company that has a really great hydrate deposit and it's not way far in the middle of nowhere and they have to build a road and build a power line and all that because you just made a lot of your capex go away because it's right there. So it's previously mined. What were the old timers? What did they dig and what did they leave behind and how do you, what's your plan to really come up with a resource that will kind of bulk up the company and make everybody some money? Absolutely. Just a highlight, a high-level overview. It's a VMS deposit. VMS deposit usually come multiple pods or horizons or deposits per se. And VMS for the people out there who are not geologists, volcanic massive sulfide, which is basically, if you go out to the middle of Pacific Ocean, you know, 500 miles offshore, California and 17,000 feet down, you will see these things called black smokers that are just sort of pouring copper, zinc, lead, cadmium, all this other stuff right out of the crust of the earth into the seawater and then they sort of settles out into these big massive deposits. And that's why, you know, even though it's 17,000 feet offshore, underwater, offshore, 500 miles, people are talking about, oh, we're going to mine the seabed. Well, we don't have to mine the seabed if we can mine the upper peninsula of Michigan and Thunder Bay. So, okay, back to your VMS. I didn't want to go into it, but with metals, it's great. It's a great, fabulous ore deposit. So tell us about what is it, what did they mine? Yeah, so they, they discussed, so this was mined in the 90s, about 10 years, 11th year, they closed it. What they mined was 3.3 million tons at 16% zinc, 1% copper with precious metals, very clean concentrate, no lead, 16% percent in average. Okay, the top portion is lower percentage, 10%, we say low percent, but just to give a context for everybody, the average zinc grade historically was 5%. Nowadays, it's around 2 to 3%, that is under production. So it's exceptional when we even say 10% is low grade. Same thing for copper, now 0.5% is considered as high grade, we have 1%. It's incredible. It's small, we know it's small, we just don't know how big it is. That's one of the things we know. But anyway, just stay on track. They mined about 3 million tons, 16% for over 10 years. That is equal to almost $2 billion with today's numbers. That's what they mined in 10 years. What's remaining is the second horizon that they discovered. So only two. Usually it comes, these type of deposits comes at 4 to 6 horizons, and there's absolutely no drilling done around it. They only drilled into these horizons. Even the remaining ore, which is 2 million tons, 18% in average, it goes up to 40% in the lower section, which we're planning to mine initially with these high prices. It's going to be very good. And 1% to 2% copper and precious metals. Clean concentrate, history as well as the recent network. So very good sitting duck there. We know this duck is sitting there. We just don't know how big the duck is. The thing is, they drilled only 247 boreholes to define this second, which is enough for 43-101 and so forth. But just to give a context, the one that they mined, they drilled more than 1500 diamond drill boreholes. So that second pod alone is not well understood. But there's also other areas that with the geophysical and other exploration work that defined as targets. And we did some holes. We just drilled six boreholes into those. And like you mentioned, we saw a lot of smoke. So there are all the indicators that there is more to be found. But our initial focus is to develop this because this is the time to start producing. Well, in a broad sense, I mean, the world doesn't have enough copper mines and zinc mines. The ones that we do have are getting old and they're running down. And like you mentioned, copper mines, they're mining fractions of a percent grade and you've got 1% copper and zinc mines are done in the 2% and you're at 16. So do the math. That's 8x there. So now, are you able, you've drilled some of your own, are you able to revisit the historical workings, the old assays and old tailings piles? Are those revealing new numbers to you in the sense that you've maybe re-assayed the old tailings, re-assay, old core, re-assay, old samples and learn things from that? Yes, we personally didn't do it. But previously, before us, it was done on the core. All the assays were done. We are looking at doing some extra metwork just to see if we can even improve the recoveries. The recoveries at the recent metwork actually confirm the historic numbers. So it's looking good that way. We will probably do some drilling to extend the mine life as we start construction. But right now, our immediate focus is get to production as soon as possible. So we have a feasibility study that is basically putting out the route to production. We are looking at some of the strategy to cut that by half actually at this point. Okay, so now we get to sort of the nuts and bolts of it. If you want to move to production, what does the bank account look like and what in terms of financing and tell us about the share structure of Metallum and how people would buy shares if they wanted to buy shares if they're interested? Absolutely. We're now trading on TSX. We are in the process of getting listed on OTC in the United States. So because we have really good support from or interest from the United States as well. So that's on the last stretch should be done it within this month. So when we acquired this asset, we acquired it from an Australian entity who used to own and did all the initial work for the feasibility study. They're now called Frontier Energy. They own 45% of our company at this point because it was done by issuing equity to them. We have the us, like myself, our chairman Simon Richway and some and directors and all the insiders. We are about 3%, just over 3% and Sprott has just under 10%. The rest is retail. However, retail are predominantly, we just raised $5 million. It was oversubscribed. We raised $5.25 million. With those, mostly they were the previous shareholders. So they're still in it for the long run. So our retail investment that's free float in Perse is about 20-25% at most. The rest are really tightly held shares. So yeah, our ticker is MZM. And so with this money, this is going to get us into a construction decision. We can do all the work for permitting. We have a bunch of permits in place, ARECA and all like water treatment and stuff like that. We're looking at dewatering the underground workings. At this point, they are flooded as per the closure plans when they close the mine. But we're looking at starting dewatering at the end of this summer. The process is underway for the permitting for that. It involves a lot of things. So we're going to do that with that money. We're going to do all the permitting to production that covers all that. Obviously, we will need more to put the mill together as well as going into production. But that's a different story because we have metal traders that are actually interested. I'm talking to four different houses right now. We are starting to take it to the next level and some debt providers as well as mine builders that are interested to come in with the equity. So we have some interest. But yeah, it's very exciting times. The next steps will be major. Okay. Well, what I'm hearing is that the geology is fabulous. I know that personally, I've been in that region not to your exact site, but I've spent many, many site visits there. The geology is fabulous. You've got a previously producing mine that has a history of excellent output. You've got the second horizon. So the other version of what they mined out first. So there's plenty of left. We've got a resource. And in the sense that you're always exploring, but you're really moving towards production. So you're a near-term play towards production and cash flow, which is what people want to see. They want to see some cash. They want to ring the cash register. What is your time frame from now, which is, we're in the middle of May 2022. What would be your time frame to see or material coming out of the mine? Absolutely. So based on what we know with the current permitting process and what we have in terms of permits and the financing that's coming, we are looking at, so start dewatering and start building the access decline, putting the mill together. We are probably going to be ready with the permit process as well by the end of next year. So we could conservatively say Q1 of 2024 we should be producing. That's with the leeway. Okay. So when I do some math in my head, that's like 18 to 20, 21 months or so from now. Yeah, hopefully shorter. We're shooting for shorter, to be honest, but I want it to be safe to say that. Okay. Well, the metal markets are hot. Copper is in demand. Zinc is in demand. The whole world build out whether it's fixing the roads and the bridges or whether it's building windmills or whether it's building electric cars that don't rust because they have zinc-coated steel. There's a market for your product. We're running into the time challenge here, so we're going to have to wrap it up. Great geology, past production, infrastructure is there. You've got some metallurgy work that you're going to do. You are in a project development stage at this point and it's metallic resources, which is a fairly new name. Your last comment and then we'll sign off. Okay. Yeah. The last comment is zinc market, yes, for infrastructure, galvanizing for all the electrification, the zinc air batteries are getting traction because it's cheap. They don't combust or they don't need permit to even transport and cheaply store energy. What's interesting is in the next three to five years, major mines are going into closure for zinc. While zinc demand is growing, the closure is going to create about 500,000 tons to 1 million deficit by 2026, over 1 million deficit by 2027. That's considering all the probable mines around the world coming into production. Really, really good time. It should be a good run at least five to seven years. With that, we will sign off and to all the viewers out there, I will just one more point. Metallum has a website and they have presentation and there's a lot of very good information there as well. Obviously, if you have questions, there's a point of contact where you'll get yourself to the company, to their IR side or to Karim himself to answer your questions. I think it's telling that 75% of the shares are owned by people who understand a few things about copper and zinc. With that, thank you, Karim. Thank you, watchers and viewers and listeners out there. We wish you well. Thank you for having me.