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Amex Exploration Perron Gold Project Delivers Strong Economics in Updated PEA
Newsfile· 2025-09-04 07:00
Core Viewpoint - Amex Exploration Inc. has released an updated Preliminary Economic Assessment (PEA) for its Perron gold project, indicating strong economic potential with a post-tax IRR of 70.1% and a post-tax NPV of C$1,085 million at a gold price of US$2,500 per ounce [4][5][48]. Economic Highlights - The updated PEA incorporates the latest Mineral Resource Estimate and a new project development strategy, assuming a gold price of US$2,500/oz and a C$/US$ exchange rate of 1.38:1 [4][48]. - Cumulative undiscounted post-tax cash flow is projected at C$1,768 million, with C$1,273 million expected over the first 10 years of production [5][48]. - Average gold production is estimated at 112,000 ounces per year for the first 10 years, with a life of mine (LOM) total production of 1.66 million ounces [8][44]. Production Strategy - The project will be developed in two phases: Phase 1 involves a 4-year toll milling operation with a capacity of 1,000 tonnes per day (tpd), while Phase 2 will establish a 2,000 tpd on-site processing plant [6][21]. - Initial capital expenditure for Phase 1 is estimated at C$146.1 million, netting to C$77.5 million after accounting for pre-production revenues of C$68.6 million [36][48]. - The staged production strategy aims to minimize shareholder dilution and accelerate time to revenue, targeting production commencement in 2028 [6][7]. Financial Analysis - At a base case gold price of US$2,500/oz, the project generates a post-tax NPV of C$1,085 million and a post-tax IRR of 70.1%, with a payback period of 1.4 years [48][49]. - Sensitivity analysis shows that at a spot price of US$3,400/oz, the post-tax NPV increases to C$1,841 million and the IRR to 107.6%, with a payback period of 0.4 years [49][50]. Operating Costs - The LOM total operating cost is estimated at US$891 per ounce of gold produced, placing the project in the bottom quartile of the global gold cost curve [44][48]. - The average all-in sustaining cost (AISC) is projected at US$1,061 per ounce over the mine's life [44][48]. Infrastructure and Workforce - The project is located approximately 6.5 kilometers from Normétal, Quebec, and will require various infrastructure developments, including a processing plant and water management facilities [27][30]. - During steady-state operations, the workforce is expected to peak at 272 employees during Phase 1 and 335 during Phase 2 [31]. Environmental and Permitting - The project will undergo an environmental impact assessment as required by regulations, with ongoing studies to identify key environmental and social risks [56][57]. - Specific provincial and federal permits will be required for various project components once the environmental assessment is completed [58]. Stakeholder Engagement - The company has established a relationship of trust with the Abitibiwinni First Nation and prioritizes stakeholder engagement and communication throughout the project development [59][60]. Exploration Update - Amex has expanded its land holdings with the acquisition of the Perron West property, enhancing its exploration plans in the Normétal-Burntbush greenstone belt [61][62]. - Ongoing surface exploration work includes soil sampling and geological mapping, with results expected to inform future drilling programs [63].
Unigold Announces Closing of Non-Brokered Private Placement of $140,000
Newsfile· 2025-09-04 00:39
Unigold Announces Closing of Non-Brokered Private Placement of $140,000September 03, 2025 8:39 PM EDT | Source: Unigold Inc.Toronto, Ontario--(Newsfile Corp. - September 3, 2025) - Unigold Inc. (TSXV: UGD) (OTC Pink: UGDIF) (FSE: UGB1) ("Unigold" or the "Company") is pleased to announce that it has completed a non-brokered private placement of 1,400,000 units of the Company (each, a "Unit") at a price of $0.10 per Unit for gross proceeds of $140,000 (the "Offering"). Each Unit consists of one ...
Scorpio Gold Closes $8 million Private Placement
Newsfile· 2025-09-03 21:50
Vancouver, British Columbia--(Newsfile Corp. - September 3, 2025) - Scorpio Gold Corporation (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) ("Scorpio" or the "Company") is pleased to announce, further to its news release dated August 29, 2025, that it has closed a non-brokered private placement (the "Financing") through the issuance of 32,000,000 common shares (the "Shares") of the Company at a price of $0.25 per Share, for gross proceeds of $8,000,000. The Financing was subscribed to by Ross Beaty ($4,400,000), Er ...
US Copper Commences Metallurgical Studies on Its Moonlight-Superior Copper Project
Newsfile· 2025-09-03 21:41
Core Viewpoint - US Copper Corp. has engaged Libertas Metallurgy Limited to review metallurgical work and provide recommendations for the Pre-Feasibility Study at the Moonlight-Superior Mining property in California [1][4]. Company Overview - US Copper controls approximately 10 square miles of mining claims in the Light's Creek Copper District, containing substantial copper and silver resources across three deposits: Moonlight, Superior, and Engels [7]. - The company has advanced the Moonlight project since acquiring it in 2013, conducting multiple drill programs and engineering studies [10]. Metallurgical Consulting Engagement - Libertas Metallurgy, founded in 2017, specializes in metallurgical consulting services, focusing on flotation, leaching, process design, and cost reduction [2]. - The engagement will involve reviewing existing metallurgical work, determining additional drilling needs, guiding sample selection, designing the metallurgical testwork program, and issuing RFPs to laboratories [8]. Project Development and Economic Assessment - In January 2025, US Copper released updated results from its Preliminary Economic Assessment (PEA), reporting an after-tax NPV of US$1.075 billion and a life of mine production of 1.8 billion pounds of copper [5][11]. - The PEA included a new mineral resource estimate based on recent drill programs, with indicated resources totaling 402.83 million tons at a copper grade of 0.31% [11][16]. Industry Context - The USA government recognizes copper as a critical mineral essential for various energy technologies, emphasizing the need for a strong domestic copper supply [6].
ALUULA and Brand Partners Pioneer Next-Gen Recyclable Products
Newsfile· 2025-09-03 21:30
Core Insights - ALUULA Composites Inc. is collaborating with various brand partners to launch products utilizing its ultra-light, high-performance composite fabrics in multiple sectors including wind sports, outdoor performance, and industrial applications [1][2] Brand Partnerships and Product Innovations - ALUULA's materials are non-adhesive, recyclable, and support a no-sew design, allowing for the development of lighter and stronger products [2] - Notable achievements include a new height record of 34 meters in kiteboarding using the ALUULA Helium Frame on the Naish Psycho Nvision kite [3] - DUOTONE has introduced a limited-edition Blue ALUULA fabric for their DUOTONE EVO D/Lab kites [3] - Vayu has launched the next-generation X-Race series wing featuring the ALUULA Gold frame, designed for professional riders [4] - Osprey and Carryology have released a new backpack in their Archeon series made with ALUULA Durlyte™ [5] - Arc'teryx Equipment has launched the Alpha SL 30 Backpack, which is ultra-light and made with ALUULA Graflyte™ fabric [6] - Db Journey's "Weigh Lighter" collection, featuring ALUULA Graflyte™, sold out quickly due to its lightweight and durable design [7] Research and Development Initiatives - ALUULA is collaborating with Airseas on a project aimed at decarbonizing the maritime sector, exploring the use of ALUULA's materials for an automated kite system in the Seawing project [8] Company Overview - ALUULA is recognized for its ultra-light, high-performance, and recycle-ready composite materials, enhancing outdoor gear performance while maintaining sustainability [9]
SOL Strategies to Participate in Upcoming Investor Conferences
Newsfile· 2025-09-03 21:24
Toronto, Ontario--(Newsfile Corp. - September 3, 2025) - SOL Strategies Inc. (CSE: HODL) (OTCQB: CYFRD) (formerly, Cypherpunk Holdings Inc, "Sol Strategies" or the "Company"), the first publicly traded company to combine a substantial Solana treasury with a revenue-generating validator business, announced today that the company will be participating in the following investor conferences.Event: 5th Annual Needham Virtual Crypto ConferenceDates: Thursday, September 4, 2025Location: VirtualAttendees: Leah Wal ...
Tier One Silver Announces $5.6 Million Private Placement
Newsfile· 2025-09-03 20:41
Vancouver, British Columbia--(Newsfile Corp. - September 3, 2025) - Tier One Silver Inc. (TSXV: TSLV) (OTCQB: TSLVF) ("Tier One" or the "Company") announces it is conducting a private placement financing to a small group of arm's-length investors which include institutional investors, targeting 70,000,000 units of the Company (each, a "Unit") at an offering price of C$0.08 per Unit (the "Unit Price") for gross proceeds to the Company of approximately C$5.6 million (the "Offering"). Each offered Unit consis ...
First Majestic Reports Positive Exploration Results at Los Gatos
Newsfile· 2025-09-03 20:34
Core Viewpoint - First Majestic Silver Corp. announced positive exploration results from its drilling programs at the Los Gatos Silver Mine, indicating significant mineralization of silver and base metals, which supports expectations for meaningful growth in Mineral Resources [1][2][3] Exploration Results - The exploration drilling targeted the South-East Deeps, Central Deeps, and North-West Deeps zones, with significant mineralization intersected across all three areas [3][7][11] - Notable drill hole intercepts include: - South-East Deeps: GA-SE-611 reported 9.0 meters at 366 g/t AgEq, including intervals with grades up to 742 g/t AgEq [3][4][16] - Central Deeps: GA-CZ-617 reported 3.7 meters at 534 g/t AgEq, with significant zinc and lead grades [5][16] Company Strategy - The acquisition of Gatos Silver was driven by the exploration potential of the Los Gatos district, and the latest drilling results reinforce this strategic decision [2] - Ongoing drilling aims to expand mineralization and confirm the continuity of the orebody, with future drilling planned to target down-plunge potential [8][11] Technical Details - The drilling programs follow established Quality Assurance/Quality Control protocols, ensuring the reliability of the assay results [20][21] - Significant intervals are calculated using length-weighted averages of uncapped sample assays, with a minimum AgEq grade of 140 g/t [19] Future Outlook - The company plans to continue its exploration efforts throughout 2025, with a focus on refining areas of interest and confirming mineralization controls in the Central and North-West Deeps zones [11][12]
Burcon Announces Details on Annual Shareholder Meeting
Newsfile· 2025-09-03 20:00
Core Viewpoint - Burcon NutraScience Corporation is progressing towards its 2025/2026 milestones with over 150 active customer projects, indicating strong potential for recurring revenue and rapid scaling to enhance shareholder value [2]. Group 1: Company Overview - Burcon NutraScience Corporation is a global leader in plant-based protein innovation, focusing on high-performance proteins for the food and beverage industry [9]. - The company has a robust patent portfolio covering proteins derived from various plant sources, including pea, canola, soy, hemp, and sunflower [9]. Group 2: Shareholder Meeting Details - The annual general and special meeting of shareholders is scheduled for September 17, 2025, at 10 am Pacific Time, to be held virtually [1]. - Shareholders will vote on the election of directors, appointment of auditors, and amendments to outstanding warrants [3]. Group 3: Warrant Repricing - The company proposes to amend the exercise price of all outstanding warrants to $3.50 per Common Share, with all other terms remaining unchanged [2]. - Specific warrants affected include those issued in May 2023 and March 2024, with current exercise prices of $5.89 and $4.544, respectively [3]. Group 4: Disinterested Shareholder Approval - The amendment to the warrants requires approval from a simple majority of disinterested shareholders at the meeting [4]. - Separate approvals will be sought for each tranche of warrants, and if any tranche does not receive approval, its exercise price will remain unchanged [5][6]. Group 5: Voting Exclusions - Insiders and their affiliates will be excluded from voting on the Warrant Amendment Resolutions, with specific percentages of shares to be excluded detailed in the meeting materials [7][8].
Pacifica Silver Announces U.S. Listing on the OTCQB
Newsfile· 2025-09-03 18:27
Core Viewpoint - Pacifica Silver Corp. is set to enhance its visibility and accessibility to U.S. investors by commencing trading on the OTCQB marketplace under the symbol "PAGFF" effective September 4, 2025 [1][2]. Company Overview - Pacifica Silver Corp. is a Canadian resource company with a management team experienced in mining and exploration in Mexico [4]. - The company is focused on its 100% owned Claudia Project in Durango, Mexico, which spans 11,876 hectares and is located in the historic El Papantón Mining District [4]. - The Claudia Project has shown high-grade silver and gold intercepts from sampling and drilling, with only 10% of over 30 kilometers of known veins drilled to date, indicating significant potential for new discoveries [4]. - Additionally, the company holds an option to acquire a 100% interest in the Janampalla Property in Central Perú, which has indicated widespread high-grade copper-gold mineralization [5]. Market Presence - The listing on the OTCQB is expected to enhance market liquidity, broaden the shareholder base, and strengthen the company's presence in the U.S. investment market [2]. - The OTCQB provides a reliable trading environment for early-stage and growth companies, requiring stringent reporting standards and annual verification [2]. - Pacifica's shares will continue to trade on the Canadian Securities Exchange under the symbol "PSIL" [3].