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Majestic's HKEX-Listed Subsidiary Persistence Completes HK$472 Million Private Placement
Thenewswire· 2025-10-14 13:00
Vancouver, British Columbia – TheNewswire - October 14, 2025 - Majestic Gold Corp. (“Majestic” or the “Company”) (TSX.V: MJS, FSE: A0BK1D) ) is pleased to announce that its Hong Kong Stock Exchange (“HKEX”) listed subsidiary, Persistence Resources Group Ltd. (“Persistence”) (Stock Code: 2489), has completed a private placement financing (the “Private Placement”) for gross proceeds of $472 million (approximately CAD$85.2 million)(“Placement”). Pursuant to the Placement, Persistence issued 400 million common ...
Baru Gold Completes Area Survey in Preparation of Production Plant Construction & Drill Program
Thenewswire· 2025-10-14 13:00
Core Viewpoint - Baru Gold Corp. and its subsidiary PT. Tambang Mas Sangihe are making significant progress in preparing for production at the Sangihe Gold Project while awaiting approval for production operations [1]. Production Readiness - The company has completed a multi-week land and aerial survey using drone-based LiDAR scanning and ground measurements to create a high-resolution topographic map of the project [2]. - LiDAR technology provides detailed 3D representations of the ground surface, allowing for accurate mapping even in dense vegetation [3]. - This advanced survey method offers more precise data than traditional surveys, ensuring all teams work from the same digital base map [4]. Key Development Objectives - The survey supports several objectives: construction of an automated production plant, expansion of resources for the upcoming drill exploration program, and strengthening environmental and compliance foundations [5]. - The Electrowinning Elution Column Plant will be an automated gold recovery system designed to optimize gold extraction, utilizing the new 3D LiDAR terrain models for site planning [6]. - Accurate land contour and elevation data are critical for efficient site layout design, reducing potential construction delays and future maintenance costs [7]. Construction Efficiency - Detailed spatial information will help accelerate the construction timeline, streamline material delivery, and reduce overall build time, leading to a safer work environment and a solid foundation for long-term operations [8]. Drill Exploration Program - The new area and surface model will be integrated with existing geological and drilling data to better understand mineralized zones in relation to terrain and structural features [9]. - This integration will help identify new high-priority drill targets, reduce uncertainty in resource models, and guide future exploration and engineering work [10]. - Strengthening the geological model will lead to a more precise understanding of gold resources, supporting better economic evaluations and planning decisions [11]. Environmental and Compliance Framework - The survey provides essential data for environmental and safety compliance, establishing baseline data for future monitoring [12]. - The information will aid in developing a comprehensive environmental mapping framework, ensuring responsible resource development and land rehabilitation post-mining [13]. - The CEO emphasized the importance of this survey in preparing for mine development, highlighting its role in engineering design, regulatory compliance, and environmental stewardship [14]. Project Overview - The Sangihe Gold Project is located on the Indonesian island of Sangihe, covering approximately 25,000 hectares, with only 10% explored to date [14]. - The project has an existing National Instrument 43-101 report suitable for mining planning and production schedules for an area targeted for initial production [14].
Noble Agrees to Sell Island Pond Claims to Benton Resources Inc.
Thenewswire· 2025-10-14 12:30
Core Viewpoint - Noble Mineral Exploration Inc. has entered into an agreement to sell its Island Pond claims in Newfoundland & Labrador to Benton Resources Inc. for 1,000,000 common shares and a cash payment of $30,000, while retaining a 1% net smelter returns royalty [1][2]. Group 1: Transaction Details - The Island Pond claims consist of 7 mining claims covering approximately 175 hectares, strategically located north of Benton's South Pond Gold Zone within the Great Burnt Copper-Gold Project area [2]. - The agreement includes a standard four-month hold period for the shares as per TSX Venture Exchange policies [2]. - Noble retains a 1% net smelter returns royalty on the claims, which is not subject to buyback rights, but Benton has a right of first refusal on any proposed sale of the royalty [2][3]. Group 2: Company Overview - Noble Mineral Exploration Inc. is a Canadian junior exploration company with holdings in various mining projects, including interests in Canada Nickel Company Inc., Homeland Nickel Inc., and East Timmins Nickel Inc. [4]. - The company holds mineral and exploration rights in approximately 70,000 hectares in Northern Ontario and 14,000 hectares in Quebec and Newfoundland, with plans for option/joint venture exploration programs [4][5]. - Noble's common shares are traded on the TSX Venture Exchange under the symbol "NOB" [6].
St-Georges annonce des progres importants dans son usine pilote de lithium et ses initiatives metallurgiques
Thenewswire· 2025-10-14 11:01
Core Insights - St-Georges Eco-Mining Corporation and its subsidiary, Metallurgie St-Georges, have provided an update on their lithium production pilot plant and other metallurgical initiatives [1] Group 1: Lithium Production Update - The company and its partners have evaluated several potential suppliers of spodumene across Canada, receiving an initial shipment of approximately five tons of Canadian spodumene concentrate [2] - The lithium technology developed by St-Georges aims to achieve high purity and recovery rates while reducing waste, water, acid, and reagent consumption, and producing valuable by-products like alumina and nitrogen-based fertilizers [3] - A feasibility study based on pilot project results is expected to commence by March 2027, which will include a detailed analysis of capital (CAPEX) and operating (OPEX) costs [3][13] Group 2: Other Metallurgical Initiatives - The company is advancing two nickel-focused projects supported by grant applications in collaboration with several partners, including Coalia and IGS [4] - Preparations are underway for the full extraction of valuable minerals through metallurgical processing of bulk samples collected from critical mineral projects Julie and Manicouagan, expected to begin before the end of the year [5] Group 3: Collaboration and Intellectual Property - Through its subsidiary Iceland Resources ehf, the company is collaborating with a geothermal energy producer in Iceland, with initial tests showing gold equivalent grades ranging from approximately 67 g/t to 437 g/t [6] - LiOH Corp. holds a limited five-year exclusivity right on the technology in exchange for financial contributions, allowing collaboration on testing and data sharing during pilot operations [11] - All intellectual property and resulting data remain the property of Metallurgie St-Georges, with no licenses granted to third parties while the pilot phase is active [12] Group 4: Pilot Plant and Future Plans - The lithium pilot plant is designed to produce lithium nitrate and potentially lithium hydroxide, along with various by-products generated by St-Georges' exclusive processing technology [10] - Upon completion of the feasibility study, LiOH Corp. may extend its limited exclusivity for an additional five years if it undertakes the construction of a commercial plant [13]
St-Georges reports progress on lithium pilot & metallurgical initiatives
Thenewswire· 2025-10-14 11:01
Core Insights - St-Georges Eco-Mining Corp. and its subsidiary St-Georges Metallurgy Corp. are advancing their lithium production pilot plant and other metallurgical initiatives, with a focus on sustainable and cost-effective lithium processing technologies [1][3]. Lithium Production Pilot Plant - The company has received its first shipment of approximately five tons of spodumene concentrate from Canadian suppliers, and initial processing is underway [2]. - The SX lithium technology aims to enhance lithium metallurgy by improving purity and recovery rates, reducing waste, and generating valuable by-products, positioning it as a competitive alternative to traditional methods [3]. - A feasibility study is planned to commence by March 2027, which will include a detailed analysis of capital and operational expenditures [3][17]. Other Metallurgical Initiatives - St-Georges Metallurgy Corp. is progressing on two nickel-focused projects, supported by grant applications in collaboration with partners [4]. - Preparations are in place for the extraction of valuable minerals from previously collected samples from the Julie and Manicouagan Critical Minerals Projects, with processing expected to start before year-end [5]. Collaboration and Testing - The company is collaborating with a geothermal energy producer in Iceland, with initial testing showing gold-equivalent grades ranging from approximately 67 g/t to 437 g/t [6]. - Over 200 kilograms of material have been imported into Canada for further extraction and separation testing [6]. Warrant Extensions - The company is extending the validity of several warrants, allowing for longer exercise periods and maintaining the same exercise prices [8][10][12][14][16].
SuperQ Quantum Announces Brokered LIFE Financing for up to $3,000,000
Thenewswire· 2025-10-14 11:00
Core Points - SuperQ Quantum Computing Inc. has engaged Hampton Securities Limited as the sole lead agent for a minimum offering of 1,666,666 units at a price of $1.05 per unit, aiming for gross proceeds of at least $1,750,000 and up to $3,000,000 with a maximum of 2,857,142 units [1][2] - Each unit consists of one common share and one common share purchase warrant, allowing the holder to acquire an additional share at $1.40 for thirty-six months [2] - The company plans to use the net proceeds for quantum hardware development, including human resources, lab facilities, software, equipment, research, product development, and general working capital needs [4] Offering Details - The offering will be conducted under specific Canadian securities regulations, allowing for private placements without a hold period for Canadian subscribers [5] - An option has been granted to the agent to sell an additional 428,571 units for up to $450,000 in gross proceeds [3] - The expected closing date for the offering is around October 24, 2025, subject to regulatory approvals [6] Agent Compensation - The agent will receive a cash fee of 7.0% of the gross proceeds from the offering, along with compensation options equal to 7.0% of the total units issued [7] Company Overview - SuperQ Quantum Computing Inc. aims to lead in quantum and supercomputing solutions, targeting enterprise transformation and optimization for global organizations [9][10] - The company's flagship Super™ platform is designed to provide advanced computational power to various sectors, including finance, healthcare, and logistics [10]
Falcon Energy Materials Uplists to OTCQB Venture Market
Thenewswire· 2025-10-14 11:00
 Abu Dhabi, United Arab Emirates, October 14, 2025 – TheNewswire -  Falcon Energy Materials plc (TSX-V: FLCN) (“Falcon” or the “Company”) is pleased to announce that it has been approved to uplist from the OTC Pink market to the OTCQB Venture Market (“OTCQB”), operated by OTC Markets Group Inc, effective today.The OTCQB, established in 2010, serves as the premier U.S. marketplace for early-stage and developing companies. It provides improved visibility and greater access to U.S. investors and is recognized ...
Headwater Gold Commences Drilling at Lodestar Project, Nevada
Thenewswire· 2025-10-14 10:30
Core Insights - Headwater Gold Inc. has commenced drilling at the Lodestar project in Nevada, with a total program of up to 3,500 meters of core and reverse circulation drilling, fully funded through an agreement with Newmont Corporation [1][3][5] - The initial focus will be on the Zodiac sinter target, which is believed to have significant discovery potential due to its geological and geophysical characteristics [2][5] - The drilling program aims to test structural feeders beneath the sinter and various geophysical anomalies for high-grade epithermal veins at depth [2][3] Drilling Program Details - The drilling program will consist of 10 to 15 holes targeting multiple gold prospects on the Lodestar property [3] - The program is fully funded by a minimum expenditure commitment of US$2 million from Newmont [3] - The first systematic test will focus on the Zodiac sinter ridge target, with drilling planned to reach depths greater than 100 meters [3][5] Geological Context - The Lodestar project is located in the Aurora Mining District, near Hecla Mining Company's past-producing Aurora mine complex, which has existing infrastructure [11] - The Zodiac target has approximately 700 meters of exposed strike length and is expected to extend under volcanic cover [5] - The drilling aims to intersect an inferred boiling horizon 150 to 250 meters below the surface, where gold-silver deposition is anticipated [5][11] Exploration Strategy - The drill program is designed to adapt based on geological findings and analytical results, allowing for flexibility in targeting mineralized structures [5] - Additional drilling will target concealed structures using geophysical data, including CSAMT resistivity and induced polarization [8] - The exploration model is based on successful findings at the Spring Peak project, with expectations of high-grade mineralization in steeply dipping feeder faults at depth [11]
Germanium Mining Corp. Announces Exploration Program as Demand for Critical Metals Accelerates
Thenewswire· 2025-10-14 07:30
Core Insights - Germanium Mining Corp. is planning a new exploration program in response to the increasing global demand for germanium and other critical metals [1][3] - The U.S. Department of Defense has initiated a $1 billion program to stockpile critical minerals, including germanium, to reduce reliance on Chinese supply chains [2] - JPMorgan Chase & Co. announced a $1.5 trillion ten-year initiative to finance industries essential to national security, including critical metals [2] - These developments highlight the strategic importance of germanium, which is vital for semiconductors, fiber optics, and clean energy technologies [3] Company Overview - Germanium Mining's Lac du Km 35 Germanium Property is located approximately 40 km east of Chibougamau, Québec, with excellent access via Highway 167 [4] - The property features the Faribault Shear Zone (FSZ), a key structural element that may connect with other mineralized zones [5] - The Laganière germanium showing, discovered in 1998, has the highest reported germanium value in Québec at 0.02% (186 ppm) [6][13] Exploration Plans - The company will conduct a magnetic and electromagnetic airborne survey to identify potential shear zones and electromagnetic anomalies [8][9] - A remote sensing study will also be undertaken to confirm existing magnetic features and provide a structural framework [9][10] - A comprehensive rock sampling and assaying program is planned for Summer 2026, with diamond drill targets expected to be established by Fall 2026 [11] Market Context - Germanium is classified as a critical metal in Canada, the U.S., and the EU, with applications in electronics, solar energy, and military uses [12] - China, the largest producer of refined germanium, has banned exports to the U.S., leading to increased prices, with recent spot prices exceeding $5,000 per kilogram [13]
Vanguard Mining Updates 2025 Drilling & Fieldwork at Brussels Creek Gold-Copper-Palladium Project, Kamloops, BC
Thenewswire· 2025-10-14 07:05
Core Insights - Vanguard Mining Corp. is advancing its exploration program at the Brussels Creek Gold-Copper-Palladium Project in British Columbia, following a successful near-surface gold discovery in 2023 [1][2][6] Exploration Program - The 2025 exploration program aims to build on the 2023 drilling results, which included an intercept of 5.08 grams per tonne (g/t) gold over 3.5 metres [2][6] - Historical surface sampling in 2019 returned values up to 11.52 g/t gold, indicating high-grade potential at shallow depths [2][6] - The program will include gridded prospecting, surface sampling, trenching, permitting, and follow-up drilling, with a focus on First Nations consultation and an Archaeological Impact Assessment [7][9] Budget Allocation - The total budget for the proposed exploration program is CAD $352,000, which includes various activities such as follow-up drilling, gridded prospecting, and First Nations consultation [9][8] Strategic Location - Brussels Creek is located adjacent to New Gold Inc.'s New Afton Mine, which produced 72,609 ounces of gold and 54 million pounds of copper in 2024, with an estimated gross metal value of approximately USD $349.5 million [5][7] - The proximity to an established mining operation enhances the exploration upside for Vanguard and underscores the strategic significance of its land position within the Quesnel Terrane [6][5] Geological Context - The Brussels Creek property covers 1,350.43 hectares and has geological similarities to the New Afton mine, characterized as a silica-saturated copper-gold alkalic porphyry-style deposit [9][10] - Historic sampling has identified a broad anomalous zone with gold values up to 3.5 grams per tonne, further supporting the potential for mineralization [9][10]