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New Age Metals Expands Its PGM-NI-CU Portfolio With Strategic Lac Des Iles Acquisition In Northwestern Ontario
Thenewswire· 2026-02-11 12:15
Core Viewpoint - New Age Metals Inc. has acquired the Platreef PGM Project, enhancing its position in the platinum group metals sector and aligning with Canada's Critical Minerals Strategy [1][3][4]. Company Overview - New Age Metals is a junior mineral exploration and development company focused on critical green metal projects in North America, with divisions in Platinum Group Elements, Lithium/Rare Metals, and Antimony-Gold [14][15]. Acquisition Details - The Platreef PGM Project consists of 834 mining claims covering approximately 16,680 hectares (about 41,200 acres) in Northwestern Ontario, located within the Lac des Îles Igneous Complex [5][7]. - The project is strategically positioned near Canada's only primary palladium mine, operated by Impala Canada Ltd., which has proven and probable mineral reserves of 40.9 million tonnes grading 2.31 g/t Pd [10]. Strategic Importance - The acquisition strengthens the company's PGM Division and enhances its strategic footprint in a well-established mining district with robust infrastructure and year-round exploration potential, approximately 80 km from Thunder Bay [2][5]. - The project aligns with the Government of Canada's recognition of platinum group metals as critical minerals essential for emissions control technologies and clean energy systems [3]. Exploration Potential - The geological setting of the Platreef PGM Project is interpreted to be prospective for intrusion-hosted PGM-Ni-Cu mineralization, supported by historical exploration data indicating the presence of magnetite-bearing gabbroic intrusions and sulphide-bearing zones [8][11]. - Historical exploration has identified multiple untested or underexplored intrusive and geophysical targets across the property [5][8]. Community Engagement - The company plans to engage and consult with local First Nations, adhering to its policy of meaningful collaboration with Indigenous communities [5]. Future Plans - New Age Metals intends to advance the Platreef PGM Project through a phased exploration program aimed at refining geological understanding and defining priority targets for potential drill testing [11].
Viva Gold Increases Land Position at its Tonopah Gold Project in Nevada
Thenewswire· 2026-02-11 12:00
Core Viewpoint - Viva Gold Corp has made significant progress in advancing its Tonopah Gold Project by staking additional mineral claims and commencing a field program for further exploration and drilling [1][2][3] Group 1: Project Development - The company has staked 36 unpatented mineral lode claims covering approximately 720 acres (291 hectares) near Tonopah, Nevada, identified as highly prospective for gold exploration [1] - A field program has been initiated to conduct an additional 14,000 meters of CSAMT geophysical survey to map subsurface resistivity related to gold deposition [2] - Approval has been received for 23 new drill sites in and around the PEA design pit area, with drilling expected to commence later this month [2] Group 2: Management and Strategy - President and CEO Jim Hesketh emphasized the acceleration of the Tonopah Gold Project towards permitting and development, highlighting Nevada as a premier mining jurisdiction [3] - The company aims to convert remaining high-grade inferred mineral resources to measured and indicated categories in preparation for feasibility studies [2][3] - Viva Gold is committed to environmentally and socially responsible development, aligning with management's core values [3] Group 3: Company Overview - Viva Gold controls a significant land position on the Walker Lane Trend in Western Nevada and has developed a high confidence level gold mineral resource [3] - The company has approximately 172 million shares outstanding and is supported by several institutional shareholders [5] - The management team, led by CEO James Hesketh, has extensive experience in mining, having developed and constructed multiple mines globally [4]
Arizona Gold & Silver Continues to Strengthen Advisory Board
Thenewswire· 2026-02-11 12:00
Vancouver, British Columbia, February 11, 2026 – TheNewswire - Arizona Gold & Silver Inc. (“Arizona” or “the Company”) (TSXV: AZS) (OTCQB: AZASF) is pleased to announce that Mr. Darin Wagner has been appointed as an Advisor to the CEO, effective immediately.Mr. Wagner is a Professional Geologist with over 35 years of mineral exploration and corporate development experience. He has an accomplished background in public company fund raising, corporate management/governance and merger/acquisition transactions ...
Fitzroy Minerals Starts Heliborne Mobile MT Geophysical Survey at Caballos Copper Project, Chile
Thenewswire· 2026-02-11 12:00
Vancouver, British Columbia – February 11, 2026 – TheNewswire - Fitzroy Minerals Inc. (TSXV: FTZ, OTCQX: FTZFF; FSE: C3Y) (“Fitzroy” or the “Company”) is pleased to announce that Expert Geophysics Surveys Inc. has started a planned 750 line-kilometre mobile magnetotelluric (“MobileMT”) heliborne survey at the Caballos Copper Project, Valparaiso, Chile. This survey will cover the entirety of Fitzroy's Caballos Copper Project (the “Property” or the “Project”) within two days and interpreted results are expec ...
LAURION Intersects High-Grade Gold and Polymetallic Mineralization in Drill Holes LBX25-101 and LBX25-102 at Ishkoday A-Zone Corridor
Thenewswire· 2026-02-11 10:00
Core Insights - LAURION Mineral Exploration Inc. has reported assay results from drill holes LBX25-101 and LBX25-102, part of a diamond drilling program at the Ishkōday Project, totaling 1,821 meters across 8 drill holes [1][2] Group 1: Drill Program Details - The drill holes LBX25-101 and LBX25-102 were designed to test mineralized horizons and enhance continuity in the northeastern part of the A-Zone [2] - The drilling aimed to validate structural interpretations and increase confidence in areas with previously identified gold mineralization [2] - The results will provide technical data to refine future targeting and improve predictability for subsequent drill campaigns [2] Group 2: Geological Context - Drill hole LBX25-101 is located approximately 265 meters southwest of LBX25-100, while LBX25-102 is an additional 335 meters southwest, extending coverage into a sparsely drilled area [2] - LBX25-101 was established to test projected mineralized horizons and structural continuity beyond the denser drill grid [2] Group 3: Assay Results - Significant assay results from LBX25-101 include: - 1.50 m @ 0.88 g/t Au, 13.60 g/t Ag, 0.24% Cu, 5.61% Zn [3] - 0.50 m @ 2.06 g/t Au, 31.10 g/t Ag, 0.53% Cu, 12.35% Zn [3] - 3.00 m @ 0.97 g/t Au, 4.04 g/t Ag, 0.14% Cu, 2.21% Zn [3] - Significant assay results from LBX25-102 include: - 0.50 m @ 3.89 g/t Au, 38.70 g/t Ag, 0.42% Cu, 5.37% Zn [3] - 2.04 m @ 2.63 g/t Au, 2.38 g/t Ag, 0.02% Cu, 0.17% Zn [3] Group 4: Company Overview - LAURION is a mid-stage junior mineral exploration company focused on the 100%-owned Ishkōday Project, which covers 57 km² and hosts gold-rich polymetallic mineralization [10][11] - The company is advancing its exploration strategy through systematic technical advancement and integrated geological modeling [12] - LAURION aims to build project value before monetization, ensuring future strategic outcomes are supported by technical clarity and reduced execution risk [13]
JZR Gold Announces Extension to Previously Granted Options
Thenewswire· 2026-02-11 03:30
Core Viewpoint - JZR Gold Inc. has announced the approval of amendments to 725,000 incentive stock options, extending their expiry date to February 12, 2031, without changing the exercise price [1]. Group 1: Company Actions - The Board of Directors has approved the amendment of 725,000 incentive stock options under the Company's Equity Incentive Plan [1]. - The expiry date of the Amended Options has been extended to February 12, 2031 [1]. - There is no change to the exercise price of the options following the amendments [1].
Lucky Announces Corporate Update
Thenewswire· 2026-02-11 01:00
Core Viewpoint - Lucky Minerals Inc. has announced amendments to its Option Agreement, extending the deadlines for completing the transaction and clarifying terms related to the acquisition of mineral claims [1][2][3]. Group 1: Option Agreement Amendments - The Outside Date for completing the transaction has been extended from April 30, 2025, to June 30, 2025, and subsequently to August 31, 2025, and then to October 31, 2025 [1][2][3]. - The Option Agreement has been clarified through multiple amending agreements to ensure all parties understand their obligations [1][2][3]. Group 2: Mineral Claims Transfer - Fire Gold Resources Inc. transferred approximately 135 mineral claims to Patricia Lafontaine, with 46 claims allowed to lapse as they were not significant to the acquisition [4]. - As of April 28, 2025, Patricia Lafontaine is the sole holder of the transferred claims under the amended Option Agreement [4]. Group 3: Financial Obligations and Payments - The Company has made various cash payments under the Option Agreement, including $20,000 for work expenditures completed prior to June 30, 2025, and additional payments totaling $95,000 for various agreements and fees [5][6][7]. - The Company is required to issue a maximum of 7,500,000 shares at a floor price of $0.10, pay $750,000, and incur $4,000,000 in expenditures to complete the acquisition [8]. Group 4: Regulatory Approvals and Funding - The completion of the transactions is subject to receiving all required regulatory approvals [9]. - The Company is completing a private placement for aggregate gross proceeds of $1,080,000, with estimated allocations of $800,000 for working capital and debt reduction, and $200,000 for property-related expenses [9].
King Global Announces Closing Of First Tranche Of Unit Financing
Thenewswire· 2026-02-10 22:35
Toronto, Ontario – February 10, 2026 - TheNewswire – King Global Ventures Inc. (CSE:KING) (OTC: KGLDF) (FSE: 5LM1) (the “Company” or “King Global”) announces that that it has closed the first tranche of its previously disclosed non-brokered private placement (the “Financing”). The Company issued 4,401,142 units (“Units”) at $0.60 per unit for a total of $2,640,686.80. $87,499.80 of the total represented a non arms-length debt settlement by the Company of debt incurred for director’s fees. Pursuant to the ...
Pegasus Mercantile FFCTO Status Update
Thenewswire· 2026-02-10 22:10
Core Viewpoint - Pegasus Mercantile Inc. is currently under a Failure-to-File Cease Trade Order (FFCTO) due to its inability to file annual financial statements by the deadline, resulting in a suspension of trading on the Canadian Securities Exchange [1]. Group 1: Default Status Update - The British Columbia Securities Commission (BCSC) issued the FFCTO on February 4, 2026, because the company failed to file its annual financial statements and management's discussion and analysis (MD&A) for the year ended September 30, 2025 by January 28, 2026 [1]. - The FFCTO will remain in effect until the company fulfills all annual financial filing requirements and receives a revocation order from the BCSC [1]. Group 2: Management Actions - The company's management and audit committee are actively working with auditors to complete the necessary documents for the annual financial filings [2]. - The company plans to issue weekly default status reports and confirms that there is no undisclosed material information regarding its affairs [2]. Group 3: Company Overview - Pegasus Mercantile is a prospect generator that supports high-growth companies with financial, operational, and management assistance [3]. - The company is diversifying its focus into sectors such as global wellness, psychedelics, mycology, hemp and CBD, and healthcare-related clinical studies and trials [3].
Ocumetics Announces Forbearance Agreement for $4 Million Secured Convertible Debentures and Provides LIFE Offering Update
Thenewswire· 2026-02-10 21:50
Core Viewpoint - Ocumetics Technology Corp. has entered into a forbearance agreement with debentureholders, allowing them to defer payment on secured convertible debentures until June 19, 2027, despite the original maturity date [1]. Group 1: Forbearance Agreement - The forbearance agreement involves debentures with a total face value of up to $4,000,000, bearing an interest rate of 18% per annum, compounded annually [2]. - The Corporation can prepay the debentures with a 90-day prior written notice without incurring penalties [2]. - The principal amount of the debentures is convertible into common shares at a price of $0.32 per share until the maturity date [3]. Group 2: Warrants Issuance - In exchange for the forbearance, Ocumetics issued 9,153,277 share purchase warrants to debentureholders, allowing them to purchase common shares at an exercise price of $0.58 until June 19, 2027 [4]. - The warrants are classified as bonus warrants under TSX Venture Exchange Policy 5.1, with specific terms regarding repayment or conversion of the debentures [4]. Group 3: Offering Details - The previously announced offering under the listed issuer financing has terminated, with 1,706,383 units sold at a price of $0.60 per unit, generating approximately $1,023,830 in gross proceeds [5]. - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing purchase of an additional common share at $0.75 until December 30, 2028 [5]. Group 4: Company Overview - Ocumetics Technology Corp. is a Canadian research and product development company focused on advanced vision correction solutions aimed at enhancing patients' quality of life [6]. - The company is in the early feasibility study phase of developing a revolutionary intraocular lens designed to eliminate the need for corrective lenses, allowing natural focus adjustment [8].