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Newmont Elects to Advance to Stage 2 of the Spring Peak Earn-In Agreement
Thenewswire· 2025-09-26 10:30
Core Viewpoint - Headwater Gold Inc. has announced the completion of Stage 1 of the Spring Peak earn-in agreement with Newmont Corporation, which has resulted in Newmont earning a 51% interest in the project and proceeding to Stage 2 to potentially increase its interest to 65% through additional funding of US$40,000,000 [1][4][3] Group 1: Earn-In Agreement Details - Newmont has funded US$15,000,000 in exploration expenditures to complete Stage 1, earning a 51% interest in the Spring Peak project [1][4] - Stage 2 allows Newmont to increase its interest to 65% by funding an additional US$40,000,000 within 36 months [1][4] - Upon completion of Stage 2, Newmont may proceed to Stage 3 to earn an additional 10% interest, resulting in a total of 75% interest by completing a Pre-Feasibility Study within an additional 2-year period [4][10] Group 2: Project Highlights - The Spring Peak project is located in the Aurora Mining District, Nevada, and has confirmed high-grade gold mineralization at the Disco Zone, with significant drill results including 15.92 g/t Au over 2.38 m [7] - An exploration Plan of Operations has been submitted proposing 266 additional drill sites to explore extensions of known mineralization and test new targets [7][3] - Headwater will act as the initial operator under Stage 2 and will earn a 10% management fee on exploration expenditures [4][3] Group 3: Company Background - Headwater Gold Inc. is focused on exploring high-grade precious metal deposits in the Western USA and has strategic earn-in agreements with Newmont on its Spring Peak and Lodestar projects [8] - The company aims to make world-class precious metal discoveries and has a diverse technical team with experience in capital markets and major mining companies [8]
Harvest Gold Provides Update on its Ongoing Drill Program at Mosseau and Has Completed its High-Resolution Airborne Magnetic Survey of Mosseau and Labelle
Thenewswire· 2025-09-26 10:30
Core Insights - Harvest Gold Corporation is advancing its drill program at the Mosseau property in Quebec's Abitibi region, with a focus on gold exploration [1][2] - The confirmation of the Kiask River Corridor's extension into the LaBelle property is a significant development for the company's regional exploration model [2][6] - The company has completed 11 drill holes totaling 2,191 meters, targeting areas with historical gold mineralization potential [3][4] Drilling Update - The ongoing drill program has transitioned to the central part of the Mosseau property, where additional priority targets have been identified [4] - Assay results from the initial drill holes are expected in the coming weeks, as samples are sent to the lab upon completion of logging [3] Airborne Magnetic Survey - A high-resolution magnetic survey has confirmed the extension of the magnetic domain hosting the Kiask River Corridor into the LaBelle property, tracing 31 km in a northwest-southeast direction with a width of up to 2.3 km [5][6] - The survey results provide new high-priority exploration targets for follow-up activities [6] Future Plans - The company is planning a fall exploration program that will include soil sampling and prospecting to refine drill targets based on recent survey results [6] Company Overview - Harvest Gold is focused on exploring near-surface gold deposits and copper-gold porphyry deposits in stable mining jurisdictions, with a management team possessing over 400 years of collective geological and financing experience [7] - The company has three active gold projects in the Urban Barry area, covering a total of 20,016.87 hectares [8][9]
Majestic's HKEX-Listed Subsidiary Persistence Announces HK$472 Million Financing
Thenewswire· 2025-09-26 00:00
 Vancouver, British Columbia – September 25, 2025 – TheNewswire - Majestic Gold Corp. (“Majestic” or the “Company”) (TSX.V: MJS, FSE: A0BK1D) ) is pleased to announce that its 70.5% owned subsidiary, Persistence Resources Group Ltd. (“Persistence”) (Stock Code: 2489), has entered into a private placement financing on the Hong Kong Stock Exchange (“HKEX”) for gross proceeds of up to HK$472 million (approximately CAD$84.5 million) (“Placement”).  Under the terms of the Placement, Persistence will issue up to ...
Vanguard Mining Announces Filing of Amended Information Circular
Thenewswire· 2025-09-25 22:45
Core Viewpoint - Vanguard Mining Corp. has filed an amended management information circular to include additional disclosures regarding penalties and sanctions related to a proposed director, ensuring compliance with regulatory requirements [2][3]. Group 1: Company Disclosure - The amended circular includes the full text of sanctions against the proposed director, which is now available on the Company's profile on SEDAR+ [2]. - The Company confirms that it will proceed with its upcoming annual general meeting as scheduled, with no other changes to the previously filed information circular [3]. Group 2: Company Overview - Vanguard Mining Corp. is focused on mineral exploration and development, aiming to discover and advance high-value strategic mineral assets in stable, mining-friendly jurisdictions worldwide [4].
Aztec Minerals Reports 2025 Annual General and Special Meeting Results
Thenewswire· 2025-09-25 22:00
Group 1 - Aztec Minerals Corp. held its annual general and special meeting on September 25, 2025, where all matters submitted for shareholder approval were approved, including the election of four directors and the appointment of MNP LLP as auditors for the upcoming year [1] - The shareholders ratified the Company's rolling equity incentive plan, which allows for the issuance of various stock options and awards, reserving a maximum of 10% of the issued shares for this purpose [2] - Mark Rebagliati retired from the Board after serving since July 2016 but will continue to contribute to the Company as a Senior Technical Advisor [3] Group 2 - Aztec Minerals is focused on two emerging mineral exploration projects: the Cervantes project in Sonora, Mexico, which is a gold-copper discovery, and the Tombstone project in southern Arizona, which has potential for high-grade gold-silver and CRD silver-lead-zinc [4]
Silver Crown Royalties Announces Upsize Of Previously Announced Life Offering To $2.5m Led By Centurion One Capital And Filing Of Second Amended and Restated Offering Document
Thenewswire· 2025-09-25 21:50
Core Points - Silver Crown Royalties Inc. has announced an upsized private placement offering, increasing the number of units from 363,636 to 454,545 at an issue price of $5.50 per unit, aiming for gross proceeds of approximately $2,500,000 [1][5] - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of a share at $8.25 for 36 months [2] - The offering is led by Centurion One Capital Corp. as the lead agent and sole bookrunner [3] Offering Details - The company has filed an amended offering document, which is accessible on SEDAR+ and the company's website [4] - An option for the lead agent to sell an additional 68,181 units is included, potentially raising an extra $375,000 [5] - The net proceeds from the offering are intended for purchasing additional royalties and general working capital [5] Insider Participation - Certain insiders and the lead agent may acquire up to 25% of the offering, which will be considered a related party transaction [6] - This participation is expected to be exempt from formal valuation and minority shareholder approval requirements [6] Closing and Regulatory Approvals - The offering is anticipated to close around October 3, 2025, subject to necessary approvals, including those from Cboe and shareholders [8] - The units will be offered through a private placement under specific exemptions from registration requirements in Canada and the U.S. [9]
Scandium Canada updates on its proprietary Aluminum-Scandium Alloys
Thenewswire· 2025-09-25 13:00
Core Insights - Scandium Canada Ltd. has confirmed advancements in aluminum-scandium (Al-Sc) alloys for additive manufacturing, specifically addressing the challenge of cracking in high-strength aluminum alloys [1][2] - The company has established a division, Scandium+, to focus on the commercialization of these alloys and engage with end-users [1][2] Group 1: Technological Advancements - The new Al-Sc alloys are designed for high-strength and lightweight applications in sectors like aerospace and automotive, promoting sustainability and energy efficiency [2][3] - The alloys maintain a grain-refining effect, allowing for significant reductions in scandium content while preventing hot cracking during laser powder-bed fusion (L-PBF) processing [3] - Testing has shown that the new alloys achieve relative densities above 99% under optimal conditions, indicating high component integrity [3] Group 2: Mechanical Properties - Ultimate tensile strengths (UTS) of the alloys range from approximately 330 to 380 MPa in the as-built state, with heat treatment increasing UTS by 17–25% [3] - The proprietary blending procedure minimizes defect density, significantly reducing microcracks and microporosity compared to previous generations of L-PBF aluminum alloys [3] Group 3: Intellectual Property and Commercialization - A new international patent application has been filed under the Patent Cooperation Treaty (PCT) to protect the innovations developed in partnership with McMaster University [4] - An ongoing study with Productique Quebec is assessing 10 short-term commercial opportunities for Scandium Canada's alloys, targeting various applications beyond L-PBF [5] Group 4: Company Overview - Scandium Canada aims to become a market leader in scandium by developing its Crater Lake mining project and focusing on the commercialization of Al-Sc alloys [6] - The Scandium+ division is dedicated to unlocking the potential of scandium through strategic partnerships and innovative technology [7]
Hybrid Power Solutions Partners with Tire Butler to Power Mobile Fleet
Thenewswire· 2025-09-25 12:30
Core Insights - Hybrid Power Solutions Inc. has partnered with Tire Butler, a leading mobile tire service provider in Canada, to utilize the Batt Pack Pro as the preferred power system for its fleet [1][3] - Tire Butler aims to replace traditional onboard generators with a cleaner, quieter, and more reliable power solution, which the Batt Pack Pro provides through its plug and play functionality and high surge power capacity [2][3] - The partnership emphasizes the growing demand for sustainable mobile services and positions both companies as leaders in the transition towards cleaner operational practices in the service and transportation industries [4] Company Overview - Tire Butler is recognized as North America's first premier at-home service provider for automotive goods and services, focusing on innovation, convenience, and trust [5] - The company offers a comprehensive range of services including tire swaps, storage, rotations, and balancing, catering to the needs of modern drivers [6] - Hybrid Power Solutions Inc. specializes in developing portable power systems aimed at eliminating fossil fuel dependency in off-grid applications, highlighting its commitment to environmental responsibility and technological innovation [7]
NexMetals Hits Multiple 200-Meter Intercepts of High-Grade Mineralization at the Selkirk Project in Botswana
Thenewswire· 2025-09-25 12:30
Core Insights - NexMetals Mining (NEXM) has released assay results from two additional drill holes in its metallurgical drilling program at the Selkirk Mine in Botswana, indicating significant mineralization and potential for resource expansion [1][3][8] Company Overview - NexMetals Mining acquired the Selkirk Mine in August 2022 and has been focused on de-risking the project to support future development decisions [3] - The Selkirk Mine is a past-producing copper-nickel-cobalt-platinum group elements mine located in Botswana, 28 kilometers southeast of Francistown [2] Drilling Program Results - The 12-hole drill program aimed to collect samples for metallurgical testing and validate legacy data, with the latest results showing wide intervals of continuous mineralization [3][8] - Notable results include drill hole SMET-25-004, which returned 210.00 meters of 1.06% CuEq, and drill hole SMET-25-001, which showed 45.00 meters of 0.69% CuEq [3][4][8] Mineral Resource Estimate - The current cut-off for the mineral resource estimate (MRE) is set at US$25.00 per tonne net smelter return, translating to 0.46% CuEq, indicating that any material above this cut-off could be mined [7][10] - The technical report revealed inferred mineral resources of 44.2 million tonnes at 0.30% copper, 0.24% nickel, 0.55 g/t palladium, and 0.12 g/t platinum, containing significant quantities of copper and nickel [10] Market Context - The demand for critical metals, particularly copper, has surged due to the green energy transformation, with copper prices increasing by 92% over the last five years [21] - Botswana is looking to diversify its economy beyond diamonds, with copper production being a key focus for economic diversification [18][19] Future Catalysts - Upcoming catalysts for NexMetals Mining include resource expansion, metallurgical results, and optimization efforts, which are expected to unlock the full value and long-term potential of the Selkirk mine [8][16]
New Age Metals Announces $3,500,000 Financing with Additional Investment from Eric Sprott
Thenewswire· 2025-09-25 12:30
Core Viewpoint - New Age Metals Inc. is initiating a non-brokered private placement offering to raise up to $3,500,000, with significant participation from major shareholder Eric Sprott [1][2][5]. Group 1: Private Placement Details - The private placement consists of up to $2,300,000 in units priced at $0.22 each and up to $1,200,000 in flow-through units priced at $0.26 each [1]. - Each unit includes one common share and one-half of a common share purchase warrant, with the whole warrant allowing the purchase of an additional common share at $0.40 for up to 36 months [2]. - Each flow-through unit consists of one common share qualifying as a flow-through share and one-half of a flow-through unit warrant, with similar warrant terms as the standard units [3]. Group 2: Use of Proceeds - Proceeds from the flow-through units will be allocated for exploration and development of projects in Newfoundland, Ontario, or Manitoba, while proceeds from the standard units will be used for exploration and general working capital [4]. Group 3: Management and Strategic Outlook - The Chairman & CEO expressed confidence that the investment from Sprott and new mining funds will support the development of existing projects and facilitate aggressive acquisition strategies [5]. - The company is actively seeking new mineral acquisition opportunities internationally and aims to partner with major and junior mining companies [16]. Group 4: Company Overview - New Age Metals is focused on the exploration and development of critical green metal projects in North America, with divisions in Platinum Group Elements, Lithium/Rare Elements, and Antimony-Gold [8]. - The company holds significant projects, including the River Valley Project, one of North America's largest undeveloped Platinum Group Element projects, and a substantial lithium claim in the Winnipeg River Pegmatite Field [9][10].