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Generation Uranium Announces Closing of First Tranche of Oversubscribed Private Placement
Thenewswire· 2025-10-02 21:00
Core Points - Generation Uranium Inc. has successfully closed the first tranche of its non-brokered private placement, raising gross proceeds of $167,500 through the issuance of 3,350,000 units at a price of $0.05 per unit [1][4] - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of an additional share at $0.10 for two years [2] - The company has paid a cash commission and issued 24,000 non-transferable broker warrants to Haywood Securities Inc. as finder's fees [3] Financial Details - The total gross proceeds from the first tranche amount to $167,500 [1] - The price per unit is set at $0.05, with each warrant priced at $0.10 for future purchases [2] - The net proceeds will be allocated for general working capital, corporate purposes, and ongoing exploration activities [4] Regulatory Information - The securities issued are subject to a statutory hold period of four months and one day, expiring on February 3, 2026 [4] - The offering is pending final approval from the TSX Venture Exchange [4] Company Overview - Generation Uranium is engaged in the exploration and development of mineral properties, holding a 100% interest in the Yath Uranium Project located in Nunavut [5]
Planet Ventures Inc. Announces Normal Course Issuer Bid
Thenewswire· 2025-10-02 20:15
Core Points - Planet Ventures Inc. intends to renew its normal course issuer bid (NCIB) through the Canadian Securities Exchange (CSE) [1] - The renewed NCIB allows for the purchase of up to 10,206,333 common shares, representing 5% of the issued and outstanding shares [2] - The company's management believes the current market price does not reflect the underlying value of the business, and the NCIB aims to purchase undervalued shares [3] Summary by Sections NCIB Details - The renewed NCIB will commence on October 6, 2025, and end on October 5, 2026, unless the maximum number of shares is purchased earlier [5] - The previous NCIB, which started on July 16, 2024, allowed for the purchase of up to 10,531,283 shares, with 6,499,000 shares repurchased at an average price of $0.03 per share [4] Management's Perspective - The board and management believe that repurchasing shares when undervalued is a suitable use of the company's funds and in its best interests [3] - The company plans to appoint Ventum Financial Corp. to conduct the renewed NCIB, with the actual number of shares purchased depending on market conditions [6] Company Overview - Planet Ventures Inc. is an investment issuer focused on investing in disruptive companies and industries with high growth potential [7]
Prismo Metals Announces Results of Shareholder Meeting and Security Based Compensation Grants
Thenewswire· 2025-10-02 18:25
Core Points - Prismo Metals Inc. held its annual general and special meeting of shareholders on October 2, 2025, where all matters were approved [1] Group 1: Shareholder Meeting Outcomes - Shareholders elected a board of directors consisting of Alain Lambert, Louis Doyle, Craig Gibson, and Martin Dupuis [2] - The re-appointment of the current auditor, DeVisser Gray LLP, was approved by shareholders [2] - Shareholders adopted a new long-term incentive plan allowing for a "rolling up to 20%" [2] - The continuance of the Company from Canada into British Columbia under the Business Corporations Act was approved [2] - A potential new corporate name was also approved, subject to the directors' determination [2] Group 2: Stock Options and Restricted Share Units - The Company granted a total of 850,000 stock options to certain directors and officers, and 100,000 options to a consultant, each exercisable at $0.15 for five years [3] - The stock options will vest over one year, with one-quarter vesting every three months [3] - An aggregate of 725,000 restricted share units (RSUs) were issued to certain directors and officers, with each RSU entitling the holder to one Common Share upon vesting [4] - The RSUs will also vest over one year, with one-quarter vesting every three months [4] Group 3: Company Overview - Prismo Metals Inc. is a mining exploration company focused on advancing its Silver King, Ripsey, and Hot Breccia projects in Arizona, as well as its Palos Verdes silver project in Mexico [4]
Tenth Avenue Petroleum Announces Cfo Transition And Amendment To Stock Option Grant
Thenewswire· 2025-10-02 18:20
Group 1 - Tenth Avenue Petroleum Corp. announced the resignation of Sonja Kuehnle as VP Finance & CFO, effective December 28, 2025, to pursue other professional opportunities [1] - The company will initiate a search for a permanent successor and Kuehnle will assist in the transition [1][2] - Cameron MacDonald, President & CEO, expressed gratitude for Kuehnle's contributions since her appointment on May 9, 2023 [2] Group 2 - The company plans to amend its previously stated Stock Option grant to Boardmarker Group, reducing the number of stock options from 200,000 to 58,000, while maintaining the exercise price at $0.10 [3] - Tenth Avenue Petroleum Corp. is engaged in the acquisition, development, and production of oil and gas in the Western Canadian Sedimentary Basin, focusing on Mannville development in Southern Alberta [4] - The company aims to unlock significant resources through a low-risk acquisition strategy and modern completion techniques [4]
Quantum Completes Second Airborne Survey at NMX East Project in Quebec
Thenewswire· 2025-10-02 12:00
Core Insights - Quantum Critical Metals Corp. has confirmed a magnetic anomaly on its NMX East Property that is similar to the Nisk deposit, indicating potential for valuable mineralization [1][4][5] Group 1: Survey Results - The company completed two airborne surveys in September 2025, with the first survey revealing a magnetic anomaly that led to a follow-up investigation through a second survey [2] - The second TDEM survey identified high-quality bedrock conductors at greater depths than previously achievable with VLF-EM technology [2] Group 2: Geological Context - The NMX East Property is situated in the James Bay region of Québec, known for its lithium, nickel, and platinum group elements (PGE) [3] - The magnetic anomaly detected is comparable in amplitude, strike, shape, and size to that found at the Nisk deposit, based on public results from another MAG-TDEM survey [4] Group 3: Future Plans - The company is planning detailed drill targets for the NMX East and intends to apply for drill permits in the upcoming weeks [4][5] - CEO Marcy Kiesman expressed optimism about the findings and the ongoing activities in the James Bay area, indicating further updates will be provided to shareholders [5] Group 4: Company Overview - Quantum Critical Metals Corp. is a Canadian mineral exploration company focused on advancing critical metals projects, with a portfolio that includes various promising assets in Québec and British Columbia [9]
REV Doubles Size of JMW Gold Property in Chibougamau Camp
Thenewswire· 2025-10-02 12:00
Core Insights - REV Exploration Corp. has entered into a Definitive Agreement to acquire 41 mining claims, effectively doubling the size of its JMW Gold Property to approximately 40 sq. km in northern Quebec's Chibougamau Camp [1][2] Company Overview - REV is a mineral exploration company with a portfolio of gold and battery metal properties in Quebec, including JMW and Maxwell, and has exposure to the Natural Hydrogen sector in Alberta and Saskatchewan [4] Transaction Details - The acquisition involves a cash payment of $35,000 and the issuance of $40,000 worth of common shares to the Vendor upon closing, along with a 1.0% Net Smelter Return (NSR) in favor of the Vendor, with a buyback option for REV at $750,000 [5] Exploration Potential - The JMW Gold Property is noted for its advanced prospect status, with over 30 historical diamond drill holes indicating apparent gold enrichment along a 6 km long felsic complex [2]
Stellar AfricaGold Inc Intersects Multiple Wide High-Grade Gold Zones including 13 meters of 6.12 g/t Au in First Drill Hole at Tichka Est; Drill Program Continues.
Thenewswire· 2025-10-02 11:00
Core Insights - Stellar AfricaGold Inc. has reported significant assay results from its first drill hole at the Tichka Est Gold Project, indicating a promising gold system with confirmed mineralization at depth [1][10]. Drilling Results - The first drill hole TCK-001 intersected 13 meters of 6.12 g/t Au, including 2 meters of 22.28 g/t Au, and 16 meters of 1.98 g/t Au, including 1 meter of 11.55 g/t Au [3][4]. - A total of 492.8 meters of diamond core has been drilled across three holes in Zone B, with drilling progress averaging approximately 10.5 meters per day [3][11]. Geological Model - The mineralization is primarily hosted in sub-horizontal diorite sills, confirming the continuity of favorable lithology [3][9]. - Two well-defined mineralized zones were identified: Diorite 1 (16 m of 1.98 g/t Au) and Diorite 2 (13 m of 6.12 g/t Au) [9]. Operational Update - Drilling operations faced challenges such as fractured zones and weather-related impacts, but core recoveries exceeded 99% [12][16]. - The company plans to continue its 1,500-meter diamond drill program to test lateral continuity and down-dip extensions of the mineralized zones [17]. Future Plans - Management expressed confidence in the potential of the Tichka Est Gold Project and plans to expand the drilling program to explore additional targets [13]. - Surface reconnaissance exploration will continue across the 82 km² permit area, focusing on other areas of interest [13][14].
Northern Lights Commences Exploration at the Pup Project
Thenewswire· 2025-10-02 11:00
Core Insights - Northern Lights Resources Corp. has initiated exploration at the Pup Project in Yukon, Canada, focusing on the Petal Zone and two other copper targets, Gismo and Finn [1][2] Exploration Details - The exploration activities will include ground magnetic surveying, soil geochemical sampling, prospecting, hand trenching, and sample collection for thin section analyses [1] - The Petal Zone is characterized by a significant copper soil anomaly measuring approximately 850 meters long and up to 400 meters wide, with copper values reaching up to 2,962.9 ppm [3] - Initial exploration will prioritize the Petal Zone, which has previously yielded high-grade grab samples with copper content up to 3.799% [2][7] Geological Context - The Petal Zone is underlain by quartz-biotite-chlorite schist, possibly indicating a dioritic intrusive, in contact with a quartz-sericite-limonite unit [7] - The Gismo Zone, located 2 kilometers northeast of Petal, has rock sample values of up to 201.3 ppb gold and 643.2 ppm copper, while the Finn Zone, 1.5 kilometers southwest of Petal, has shown copper values up to 3,082 ppm [8] Project Overview - The Pup Project consists of 64 quartz claims covering approximately 1,300 hectares and is situated within the mineral-rich Yukon Tanana Terrane [14] - The project is accessible via rough dirt roads leading to two active placer gold mines, located about 10 kilometers west of Dawson City [14]
Golden Cariboo to Showcase Quesnelle Gold Quartz Mine Project at Munich Mining Conference 2025, October 3-4
Thenewswire· 2025-10-02 07:05
Core Points - Golden Cariboo Resources Ltd. will exhibit at the Munich Mining Conference 2025 on October 3-4, 2025, and will present on October 4 at 1:30 p.m. local time (CEST) [1][8] - The company aims to connect with European investors and update them on its exploration activities in British Columbia's Cariboo Gold District [2][5] - The Munich Mining Conference will feature 113 companies and over 1,000 registered individual investors, providing a platform for networking and discussions on commodity investments [3] Company Overview - Golden Cariboo Resources Ltd. is focused on targeted drilling and trenching programs at its Quesnelle Gold Quartz Mine property, located in the historic Cariboo Gold District [5][6] - The property spans 94,899 hectares (234,501 acres) and is situated near significant geological features, with a history of successful placer mining [5][6] - The Quesnelle Quartz gold-silver deposit has geological similarities to other major deposits, indicating potential for significant mineralization [6]
American Salars Announces A 10 For 1 Share Consolidation
Thenewswire· 2025-10-02 07:01
Core Viewpoint - American Salars Lithium Inc. is seeking approval from the Canadian Securities Exchange to consolidate its common shares on a 10:1 basis, reducing the number of outstanding shares significantly [1][2]. Share Consolidation Details - The consolidation will decrease the number of issued and outstanding common shares from 36,130,605 to approximately 3,613,060 [2]. - The company has 3,500,000 outstanding warrants, which will equate to about 350,000 common shares post-consolidation, and stock options for 3,620,000 common shares, translating to approximately 326,000 common shares post-consolidation [2]. Fractional Shares Policy - No fractional shares will be issued; any resulting fractional shares will be rounded down to the nearest whole share, with no cash compensation provided for these fractions [3]. Strategic Rationale - The board believes the share consolidation will enhance the company's flexibility for business development and financing arrangements, with no associated changes to the business model, name, or stock symbol [4]. Future Communications - The company will issue a further news release to announce the effective date of the consolidation along with new CUSIP and ISIN numbers [5]. Company Overview - American Salars Lithium is focused on exploring and developing high-value battery metals projects to cater to the growing electric vehicle market [6].