Workflow
Thenewswire
icon
Search documents
Boksburg Ventures Inc. Announces Name Change to Bighorn Metals Corp., Appoints Kostantinos Tsoutsis as Chief Executive Officer, Kevin Cornish as Corporate Secretary and Reno Calabrigo as a Director
Thenewswire· 2025-07-21 21:00
Company Overview - Boksburg Ventures Inc. will change its name to Bighorn Metals Corp. effective July 22, 2025, to better align with its evolving business strategy and focus [1] - The Company holds an option to acquire the Loljuh Property in British Columbia, covering 1,656.73 hectares, which is prospective for porphyry copper-gold mineralization [10] Management Changes - Mr. Konstantinos "Kosta" Tsoutsis has been appointed as the new CEO, succeeding Mr. Johannes (Theo) van der Linde [3] - Mr. Kevin Cornish will serve as Corporate Secretary, and Mr. Reno Calabrigo has been appointed as a Director [3] - Mr. Tsoutsis has over 20 years of experience in finance and capital markets, having raised over CDN$30 million for various enterprises [4] - Mr. Calabrigo has a strong background in resource development and corporate finance, having overseen significant projects and secured over USD $10 million in project financing [6][7] Stock Options - The Company has granted Mr. Tsoutsis and Mr. Calabrigo each 25,000 stock options, exercisable at $0.25 per common share, expiring four years from the date of issuance [8][9] Recent Developments - Geochemical work in 2019 identified areas of anomalous gold and copper in soil on the Loljuh Property, with rock sampling returning significant values [11] - Recent work on the property included geological prospecting, mapping, and sampling across various grids [12]
Lexston Mining Corporation Closed the Fully Subscribed Private Placement
Thenewswire· 2025-07-21 17:20
Core Viewpoint - Lexston Mining Corporation has successfully closed a non-brokered private placement, raising gross proceeds of $625,235 through the issuance of 7,355,704 common shares at a price of $0.085 per share, with a portion issued as flow-through shares [1][2]. Group 1: Financial Details - The private placement raised a total of $625,235, with 7,355,704 common shares issued at $0.085 each [1]. - Out of the total shares issued, 589,118 were flow-through shares [1]. - No finder's fees were paid in relation to the private placement [2]. Group 2: Use of Proceeds - The proceeds from the private placement will be allocated for exploration expenditures and general working capital [2]. Group 3: Regulatory Information - All securities issued in the private placement are subject to a four-month statutory hold period, expiring on November 22, 2025 [3]. Group 4: Company Overview - Lexston Mining Corporation is a Canadian mineral exploration company focused on acquiring and developing mineral projects to enhance stakeholder value [4]. - The company has a mineral exploration project located in British Columbia, Canada [4]. Group 5: Market Information - Lexston Mining Corporation trades on the OTCQB Venture Market, which is designed for early-stage and developing companies [5].
Element79 Gold Corp Welcomes Michael Smith as Vice President, Corporate Development
Thenewswire· 2025-07-21 13:00
Company Overview - Element79 Gold Corp. is a mining company focused on gold and silver exploration, with assets in Nevada and Peru [5] - The company is advancing its Elephant project in Nevada, acquiring the drill-ready Gold Mountain project, and holds an option to purchase the high-grade Lucero mine in Peru [5] - Element79 Gold is listed on the Canadian Securities Exchange (CSE: ELEM), the Frankfurt Stock Exchange (FSE: 7YS0), and the OTC Markets (OTC: ELMGF) [5] Leadership Appointment - Michael Smith has been appointed as Vice President, Corporate Development, to support the company's growth and capital markets initiatives [1] - Smith brings over 15 years of experience in business development, capital raising, public company operations, and investor relations [2] - His previous roles include executive and board-level positions with CSE-listed companies and founding Lions Bridge Capital, a boutique advisory firm [2] Strategic Focus - The company aims to accelerate exploration and development across its Nevada portfolio, particularly the Gold Mountain and Elephant projects [2] - CEO James Tworek emphasized that Smith's market perspective and capital markets experience will be crucial for unlocking the value of core projects in Nevada [3] - Smith expressed excitement about leveraging his network and experience to shape the next chapter of the company's journey [3]
Armory Mining Corp. Signs Agreement to Option a 100% interest in the Riley Creek Project
Thenewswire· 2025-07-21 12:00
Vancouver, British Columbia - TheNewswire - July 21, 2025 – Armory Mining Corp. (CSE: ARMY) (OTC: RMRYF) (FRA: 2JS) (the "Company" or "Armory") a resource exploration company focused on the discovery and development of minerals critical to the energy, security and defense sectors, is pleased to announce that it has entered into an assignment agreement (the "Assignment Agreement") with 1321968 BC Ltd. ("1321968"), Northex Capital Partners Inc. ("Northex"), and Tidal Gold Corp. ("Tidal" together with Northex, ...
Goldgroup Announces Revised Terms of Non-Brokered Private Placement to Fuel Strategic Acquisitions and Growth
Thenewswire· 2025-07-21 12:00
Vancouver, British Columbia – TheNewswire - (July 21, 2025) Goldgroup Mining Inc. ("Goldgroup" or the "Company") (TSX-V:GGA, OTC:GGAZF) announces that further to its news release dated July 18, 2025, the Company has revised the terms of its previously announced non-brokered private placement (the "Private Placement') of common shares (a "Common Shares"). The Private Placement will still consist of up to 15,000,000 units of the Company ("Units") at a price of $0.80 per Unit for aggregate gross proceeds of up ...
Terra Clean Energy Corp. Drills 18 meters of 0.03% U3O8 at the South Falcon East Uranium Project
Thenewswire· 2025-07-21 11:30
Core Insights - Terra Clean Energy Corp. has announced the results of its Winter 2025 drill program and plans for a follow-up summer drill program at the South Falcon East Uranium Project, which includes the Fraser Lakes B Uranium Deposit [1][13]. Winter 2025 Drill Program Results - The Winter 2025 drill program involved seven diamond drill holes totaling 1,927 meters, with 682 samples submitted for geochemical analysis [3][4]. - Significant uranium mineralization was identified in several drill holes, particularly SF0065 and SF0067, with SF0065 returning 18.1 meters at 0.03% U3O8, including a sub-interval of 0.12% U3O8 over 1.6 meters [5][6]. - The results from the lab analysis typically showed wider intervals of mineralization with higher grades compared to previous downhole gamma logging results, with variations ranging from +5% to +30% [7]. Upcoming Summer 2025 Drill Program - The summer drill program is planned for mid-late summer 2025, consisting of approximately 2,500 meters of drilling to test areas identified in the Winter 2025 program [13][15]. - The program will target a location where multiple geological indicators for higher-grade uranium mineralization intersect, including brittle structures and mineralized pegmatites [14][16]. - The expected budget for the summer program is approximately $2.0 million CAD [15]. Project Background - The South Falcon East Project covers approximately 12,464 hectares and is located 18 kilometers outside the Athabasca Basin, approximately 50 kilometers east of the Key Lake Mine [19][21]. - The project contains the Fraser Lakes B Uranium Thorium Deposit, with a historic inferred mineral resource of 6.9 million pounds U3O8 at a grade of 0.03% U3O8 [20].
Inflection Resources Completes Transaction with Newmont Corporation for Australian Exploration Projects
Thenewswire· 2025-07-21 10:30
Core Viewpoint - Inflection Resources Ltd. has successfully acquired a 100% interest in a portfolio of copper-gold projects located in the Northern Territory and New South Wales, Australia from Newmont Corporation [1] Group 1: Acquisition Details - The acquisition was made pursuant to an Agreement announced on June 16, 2025, which includes milestone payments, royalties, and the issuance of 1,250,000 common shares of Inflection to an affiliate of Newmont [2]
Copper Quest Strengthens Leadership Team
Thenewswire· 2025-07-21 07:01
Company Overview - Copper Quest Exploration Inc. is focused on building shareholder value through the exploration and development of its North American Critical Mineral portfolio, comprising four projects over 40,000+ hectares in prime mining jurisdictions [8][11] - The company has a 100% interest in the Stars Property, covering 9,693 hectares, and the Stellar Property, covering 5,389 hectares, both located in British Columbia [9] - Additionally, Copper Quest has an earn-in option up to 80% on the 4,700 ha Rip Project and a 100% interest in the Thane Project, which spans over 20,658 hectares with significant mineralization potential [9][10] Leadership and Advisory - Mr. Chad McMillan has been appointed as a Strategic Advisor, bringing over twenty years of experience in capital markets, corporate finance, and the mining sector [2][3] - The CEO, Brian Thurston, emphasized Mr. McMillan's extensive experience in managing and financing resource ventures, which will strengthen the company's advisory group [3] Market Context - Copper is identified as a critical industrial metal essential for the global energy transition, playing a vital role in electrification, renewable energy systems, and electric vehicles [5] - The copper market is facing persistent deficits due to rising global demand and challenges in new supply, including declining grades and complex permitting processes [5] - Recent U.S. policy changes, such as import tariffs, highlight copper's strategic importance and the need for resilient domestic supply chains [5]
Electrum Discovery Announces Results from Petrological Study and Outlines New Targets at Karamanica at the Novo Tlamino Project
Thenewswire· 2025-07-21 06:00
Core Insights - Electrum Discovery Corp. has reported positive results from a petrographic study on the Karamanica Prospect, part of the Novo Tlamino Project in southern Serbia, confirming gold-bearing structures across three newly identified target areas [1][2][3] Novo Tlamino Project - The Novo Tlamino Project is located within the Serbo-Macedonian Metallogenic Belt, known for hosting various mineral deposits including epithermal gold and porphyry Cu-Au deposits [3] - The Barje Deposit within the project has an inferred resource of 670,000 oz AuEq, comprising 570,000 oz Au and 8.8 Moz of Ag [3][25] Karamanica Prospect - The Karamanica Prospect is situated approximately 8 kilometers west of Barje and is centered on a significant gold-in-soil anomaly [4] - Recent field prospecting has confirmed gold and base metal mineralization across three new target zones: Drill Road Breccia, Northeast Gossan Field, and Western Jasperoid [5][18] Petrographic Analysis - The petrographic analysis of 18 samples from the Karamanica Prospect indicates a variety of hydrothermal alteration styles and lithologies consistent with multiple mineralizing environments [7][9] - Gold-bearing structures have been identified with assays up to 2.39 g/t Au, and high-grade silver and polymetallic associations have been noted, including rock chip assays up to 745 g/t Ag and 21% Pb [5][14][16] Rock Sampling - A total of 19 rock chip samples were collected, revealing widespread gold mineralization with peak values of 2.39 g/t Au and notable silver values, including a peak of 745 g/t Ag [10][11][14] - Lead and zinc show significant enrichment, with one sample returning 21.0% Pb [15][16] Target Highlights - The refined targets based on the petrology report and new rock sample assays include: - Drill Road Breccia Target with assays up to 2.39 g/t Au and 56 g/t Ag [18] - Northeast Gossan Target with gossan outcrops returning up to 2.90% Zn and 2.01% Pb [18] - Western Jasperoid Target indicating a potentially mineralized structure with assays up to 0.49 g/t Au [18] Next Steps - The company is evaluating geophysical methods to delineate mineralized structures and integrate this data with existing surface geochemistry and geological mapping to prioritize future drill targets [17]
PetroFrontier Corp. Announces Cease Trade Order
Thenewswire· 2025-07-19 02:00
Core Viewpoint - PetroFrontier Corp. is facing significant delays in filing its annual financial statements, leading to a management cease trade order and a failure-to-file cease trade order from the Alberta Securities Commission, resulting in a halt of trading of its common shares on the TSX Venture Exchange [1][2]. Group 1: Company Updates - The Alberta Securities Commission issued a management cease trade order to PetroFrontier due to delays in filing its annual financial statements for the year ended December 31, 2024 [1]. - A failure-to-file cease trade order was issued on July 17, 2025, which has halted the trading of the company's common shares [1]. - The delays in filing are attributed to the receipt of financial and other required information from the general partner of the company's limited partnership investment, affecting the external auditor's ability to complete the audit [1]. Group 2: Financial Reporting - The company's interim financial statements for the three months ended March 31, 2025, will only be filed after the annual financial statements are submitted [2]. - The board of directors and management are actively working to meet the obligations related to the filing of both the annual and interim financial statements [2]. Group 3: Company Profile - PetroFrontier is a junior energy company focused on developing two Mannville heavy oil plays located in the Cold Lake and Wabasca areas of Alberta [3].