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Red Canyon Commences Kendal Ridge Targeted Drill Program
Thenewswire· 2025-09-16 10:30
Core Insights - Red Canyon Resources Ltd. has initiated diamond drilling at its 100% owned Kendal copper project in British Columbia, focusing on value-driven exploration for copper and copper-gold resources in North America [1][18] - The Kendal project is characterized as a large-scale hydrothermal system with potential multiple copper porphyry centers, covering an area of 4 km by 3 km [1][15] - The 2025 drilling program will primarily target the Kendal Ridge area, which is identified as the most advanced target within the Kendal system [1][3] Company Highlights - Wendell Zerb, Chairman and CEO, emphasizes the significant scale of the Kendal system and its proximity to essential infrastructure, which could enhance project economics [1] - The company controls a portfolio of seven 100%-owned copper and copper-gold projects in British Columbia and the Western United States [3] Kendal Project Details - The Kendal project consists of eight mineral claims totaling 3,582 hectares, located approximately 25 km northeast of Terrace, British Columbia [2] - Excellent infrastructure includes four highways, hydroelectric power, rail corridors, and port facilities about 120 km away at Prince Rupert [2] Drilling Program - The planned drilling program includes up to 8 drill holes totaling approximately 2,500 meters, focusing on the Kendal Ridge area [3][4] - Previous drilling in 2024 revealed a large-scale hydrothermal system with low-grade copper and molybdenum mineralization, indicating the potential for a significant copper center [3][15] - The 2025 program will utilize findings from expanded lithogeochemical studies and a MobileMT geophysical survey to optimize drilling locations [3][7] Geological Insights - The Kendal Ridge area is modeled within a broad zone of potassic alteration, suggesting that copper mineralization may be close to the surface [3][15] - Recent fieldwork has identified B veins in the Kendal Ridge area, extending the known potassic alteration footprint over a minimum strike length of 1.5 km [16] Financing and Future Plans - On August 26, 2025, the company announced a non-brokered private placement to raise up to C$2,200,000, with participation from a multinational mining company [17] - The financing is expected to close on September 18, 2025, supporting ongoing exploration efforts [17]
$1,500,000 Financing and Fall - Winter Drill Program
Thenewswire· 2025-09-16 07:05
Core Viewpoint - Golden Cariboo Resources Ltd. has announced a non-brokered private placement to raise up to $1,500,000 through the offering of units priced at $0.05 each, aimed at funding its drilling campaign and exploration activities [1][3]. Group 1: Private Placement Details - The private placement will consist of up to 30,000,000 units, each unit comprising one common share and one share purchase warrant, with varying exercise prices over five years [1][3]. - Participation in the private placement is available under Prospectus Exemptions, including Accredited Investors and Existing Securityholders, with specific limitations for Canadian shareholders [2][4]. - All securities from the private placement will be subject to a four-month hold period, and finders will receive 8% cash commissions and 8% finder warrants [5]. Group 2: Use of Proceeds - Proceeds from the private placement will fund the continuation of the Company's 2025 fall-winter drilling campaign, which aims to extend the Halo/Main zones' strike length from almost 600 meters to 2 kilometers [3]. - The drilling campaign includes 15 holes targeting the Halo zone's extension and other significant geological targets, supported by promising initial results [3]. Group 3: Company Overview - Golden Cariboo Resources Ltd. is focused on rediscovering the Cariboo Gold Rush through targeted drilling and trenching programs on its Quesnelle Gold Quartz Mine property, which spans approximately 94,899 hectares [8]. - The Quesnelle Gold Quartz Mine property is located near Hixon, British Columbia, and includes the historically significant Quesnelle Quartz gold-silver deposit [9].
Nord Precious Metals Announces Non-Brokered LIFE Financing
Thenewswire· 2025-09-15 21:10
Core Viewpoint - Nord Precious Metals Mining Inc. is conducting a non-brokered private placement to raise between $1 million and $4 million to support its mining operations and resource development efforts [1][4]. Financing Details - The Offering consists of a minimum of 8,333,333 Units and a maximum of 33,333,333 Units priced at $0.12 per share [1]. - Each Unit includes one common share and one common share purchase warrant, with the warrant allowing the purchase of an additional common share at $0.155 for five years [2]. - The Offering is expected to close around September 26, 2025, subject to regulatory approvals [8]. Use of Proceeds - The net proceeds will be used for testing tailings recovery, pilot testing of the Re-2Ox process, and diamond drilling on the Castle East Property [4][7]. - Specific objectives include advancing resource work, submitting Recovery Permit materials, and funding administrative expenses [7]. Company Overview - Nord operates a high-grade milling facility in Ontario's Cobalt Camp and has a flagship property that includes 63 sq. km of exploration ground with significant silver resources [13]. - The company has delineated 7.56 million ounces of silver in inferred resources with an average grade of 8,582 g/t Ag [13]. - Nord's integrated processing strategy focuses on recovering multiple metals, including cobalt and nickel, to meet the growing demand for battery materials [14]. Advisory and Finder Arrangements - Research Capital Corporation has been engaged as the exclusive finder for the Offering, receiving an 8% cash commission and warrants [9][10]. - The company will also pay a fee of $25,000 to the advisor for financial advisory services [10]. Related Party Transactions - Participation by insiders in the Offering will be considered a related party transaction but is expected to be exempt from certain formal requirements [11].
Uniserve Secures Strategic Lease to Build 2MW Data Centre, Anchoring National Expansion
Thenewswire· 2025-09-15 20:10
Core Insights - Uniserve Communications Corporation has entered into a lease for a new data center in Vancouver, which is part of its national expansion strategy [1][4] - The new facility will occupy 10,000 square feet and is designed to support next-generation AI workloads and high-density computing [2][5] - The landlord is providing $1,000,000 in lease inducement and a $1,000,000 forgivable loan in exchange for warrants convertible into common shares [3] Strategic Significance - The new facility will have an initial capacity of 2MW, positioning Uniserve as a key player in the Canadian AI infrastructure market [5][7] - The transaction is considered a related party transaction but is exempt from formal valuation and minority shareholder approval due to its market capitalization [6] - The company is evaluating additional projects in major Canadian markets to further expand its data center capabilities [4][7] Financial Implications - The combined landlord incentives of $2 million are expected to strengthen Uniserve's balance sheet and support its growth trajectory [7] - The facility is anticipated to benefit from long-term growth trends driven by accelerating AI adoption and digital transformation [7] Company Overview - Uniserve provides a full suite of IT solutions, including Data Centre Solutions, Managed IT Services, and Business Internet, ensuring maximum uptime and scalability for its clients [8]
Arizona Gold & Silver Inc. Announces Option Grants
Thenewswire· 2025-09-15 14:30
Company Overview - Arizona Gold & Silver Inc. is a leading exploration company focused on uncovering precious metal resources in Arizona and Nevada [3] - The company is committed to sustainable practices and innovative exploration techniques, aiming to drive value for stakeholders while prioritizing environmental stewardship [3] - The flagship asset is the Philadelphia gold-silver property, where the company is drilling off an epithermal gold-silver system ahead of an initial resource calculation [3] Stock Options Announcement - The company has granted incentive stock options to purchase a total of 2,222,481 common shares at a price of $0.37 for a period of five years [1] - The stock options will vest immediately and are subject to a four-month hold period [1] - This offering is aimed at the company's officers, directors, and certain consultants, recognizing their leadership and excellence [2]
Element79 Gold Corp. Announces Changes to Board of Directors with Eye to Drive Corporate Growth
Thenewswire· 2025-09-15 13:30
Vancouver, British Columbia – TheNewswire - September 15, 2025 - Element79 Gold Corp. (CSE: ELEM) (FSE: 7YS0) (OTC: ELMGF) (the "Company" or “Element79”) announces that its Board of Directors has accepted the resignation of Ms. Zara Kanji as Director of the Company, effective immediately. The Board and management thank Ms. Kanji for her valuable contributions to the Company and wish her the very best in her current and future endeavors.At the same time, the Board is pleased to announce the appointment of M ...
Critical Infrastructure Technologies Ltd. Executes Confidentiality Agreements to Advance Nexus 20 Communications Systems
Thenewswire· 2025-09-15 13:20
Core Insights - Critical Infrastructure Technologies Ltd. (CiTech) has signed two three-way Confidentiality Agreements (NDAs) with global partners to enhance secure communications for the Nexus 20 platform, as requested by the Ukrainian Ministry of Defence [1][2]. Group 1: Agreements and Collaborations - The NDAs involve partnerships with Babcock Land Defence Limited, Nokia Solutions and Networks Oy, and Ericsson Limited, focusing on the design and integration of 4G/5G telecommunications systems into the Nexus 20 [2]. - Nokia and Ericsson have been chosen as preferred suppliers for advanced telecommunications hardware, which includes the delivery of 50 Nexus 20 platforms [2]. Group 2: Strategic Importance - The collaboration aims to ensure that industry leaders can work in a secure environment to deliver advanced communications systems that meet the operational needs of the Ukrainian Ministry of Defence [3]. - The Nexus 20 program highlights the critical need for resilient, secure, and high-capacity communications in modern defense operations, moving closer to deployment with the execution of these NDAs [3]. Group 3: Company Overview - CiTech is focused on developing autonomous, high-capacity, rapidly deployable technology for sectors such as mining, defense, border security, and emergency services [5]. - The company's first product, the Nexus 16, aims to provide essential mobile telecommunications, addressing limitations of current communication solutions [5].
Blue Lagoon Announces Commissioning of MBBR Water Treatment System and Start of Underground Operations at Dome Mountain
Thenewswire· 2025-09-15 12:05
Core Insights - Blue Lagoon Resources Inc. has announced the commissioning readiness of the Moving Bed Biofilm Reactor (MBBR) system at its Dome Mountain Water Treatment Plant, which is designed to meet all regulatory discharge standards [1][2] Group 1: Water Treatment Plant - The Dome Mountain Water Treatment Plant, developed with the expertise of Soren Jensen, is engineered to treat mine water efficiently and in compliance with environmental regulations [2] - The MBBR system can treat up to 400 liters per minute, while current mine water output is approximately 20-40 L/min, indicating sufficient capacity for scaling operations [3] Group 2: Mining Operations - Underground mining operations are set to commence on September 24, 2025, with a ramp-up to 100 tonnes per day (tpd) within four weeks and 150 tpd within twelve weeks [4] - The company plans to keep all mine waste underground, aligning with its environmental and regulatory commitments [4] Group 3: Operational Readiness - A Mutual Aid Agreement has been signed with New Gold Inc. to enhance operational readiness and safety, ensuring rapid access to emergency support [5] - The underground program will be led by Mike McCartin, with a Senior Mining Engineer from Roughstock Mining Services establishing mining protocols and best practices [6] Group 4: Company Positioning - The company is entering a transformational phase with a fully permitted project and strong technical team, aiming to generate near-term cash flow while minimizing risk [7] - Blue Lagoon Resources is focused on building shareholder value through the development of its 100% owned Dome Mountain Gold project, with gold production targeted for Q3 2025 [8]
Majestic Gold Corp. Announces Temporary Suspension of Production at Songjiagou Underground Mine
Thenewswire· 2025-09-15 12:00
Vancouver, British Columbia – TheNewswire - September 15, 2025 - Majestic Gold Corp. (“Majestic” or the “Company”) (TSX.V: MJS, FSE: A0BK1D) reports that its safety production permit for the Songjiagou Underground Mine expired on September 11, 2025. Yantai Zhongjia Mining Co., Ltd. (“Yantai Zhongjia”), a subsidiary of the  Company, submitted all required application documents to the Shandong Provincial Emergency Management Department (“Emergency Department”) in August 2025 for renewal of the safety product ...
Trailbreaker Resources Provides Corporate Update
Thenewswire· 2025-09-15 11:45
Core Viewpoint - Trailbreaker Resources Ltd. is advancing multiple mining projects in British Columbia and Yukon Territory, focusing on gold, copper-gold, and copper-molybdenum exploration, with significant developments in the Atsutla Gold project, Liberty Cu-Mo project, and Coho Cu-Au property [1][15]. Project Summaries Atsutla Gold Project - The Atsutla Gold project is a high-grade gold discovery located 120 km northwest of Dease Lake, BC, featuring high-grade vein-hosted gold and a Cu-Au-Ag porphyry target called the Swan zone [3][6]. - Recent consolidation of key ground within the property has identified the Highlands zone, which has recorded gold grades up to 630 g/t Au in grab samples [3][5]. - The project is fully permitted for drilling, with plans for a first-pass exploration program and ground-truthing of drill collar locations [4][6]. Liberty Cu-Mo Project - The Liberty Cu-Mo porphyry project, located 60 km northwest of Quesnel, BC, has undergone significant advancement with a seven-hole diamond drilling program totaling 2,442 m in 2024 [7]. - The project area has expanded from 5,054 hectares to 9,453 hectares, and a phase 2 drill program is planned, although approval for the drill permit has been delayed due to additional required studies [8]. Coho Cu-Au Property - The Coho property, acquired in May 2025, is a Cu-Au porphyry target located 30 km west of the Mount Milligan mine, considered one of the more advanced projects in the portfolio [9]. - An aggressive drill program is planned, with a new application for a 5-year area-based permit that will include up to 50 drill sites [10][11]. Other Projects - The Wheaton Gold property, an orogenic gold prospect, was acquired in July 2025, and a surface exploration program is being mobilized for 2025 [12]. - The Castle Rock property on Vancouver Island has received a 5-year area-based drill permit, allowing for up to 40 drill sites and 40 line-km of ground geophysics [13]. - The company maintains a diverse portfolio of exploration projects across BC and Yukon, including properties like McMurdo, Eakin Creek, Eagle Lake, Sheldon, and Plateau [14].