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Gabo Mining Ltd. Announces Agreement to Acquire U.S. Uranium Projects and Proposed Name Change to Gamma Resources Ltd.
Thenewswire· 2025-04-16 17:30
Core Viewpoint - GABO Mining Ltd. has entered into a lease agreement for two advanced-stage uranium exploration projects in Utah and New Mexico, reflecting a strategic shift towards uranium exploration and development, alongside a planned rebranding to GAMMA Resources Ltd. [1][2] Group 1: Lease Agreement Details - The lease agreement grants a four-year lease with an exclusive option to purchase the projects [1] - Initial consideration includes USD 50,000 upon signing and USD 200,000 payable within 120 days of execution [9] - Annual lease payments of USD 250,000 are due on each of the first three anniversaries [9] - The option to purchase both project areas for USD 1.8 million can be exercised at any time during the lease term [9] - No production royalty or minimum work obligation is required from the vendor [9] Group 2: Project Descriptions - The Green River Project in Utah consists of 41 unpatented lode mining claims targeting uranium mineralization in the Morrison Formation [3] - The project is adjacent to Western Uranium Vanadium Corp's San Rafael Project and is located 11 km from a processing plant [3] - Historical data indicates nearby deposits have a combined total indicated resource of 3,404,593 lbs and an inferred resource of 1,859,532 lbs U3O8 [3] - The Mesa Arc Project in New Mexico also includes 41 lode mining claims with historical uranium production documented [3] - An internal resource estimate from 2006 suggested 2.5 to 3.0 million pounds of U3O8 on the Mesa Arc Project claims [3] Group 3: Strategic Focus and Future Plans - The company aims to build a U.S.-based portfolio of high-impact uranium assets with ISR potential [10] - Fieldwork is planned to initiate in Q2 2025 as part of advancing towards North American uranium supply [10] - The rebranding to GAMMA Resources Ltd. aligns with the mission to support U.S. energy security and low-carbon transition [2]
Rockland Resources Announces Advisor Chris Dorn as Incoming Chair of the BHSC and Reports on the International Beryllium Meetings Recently Held in Cobourg, Ontario
Thenewswire· 2025-04-11 12:00
Core Insights - Rockland Resources Ltd. participated in the Beryllium Health and Safety Committee (BHSC) Meeting held on March 25-26, 2025, focusing on the safe handling and future applications of beryllium in the clean energy sector [1][2] - The BHSC meeting had over 110 participants globally, emphasizing the growing importance of beryllium in clean energy development and the commitment to safe practices [2] - Rockland is exploring potential collaborations with MiRESSO, a fusion start-up from Japan, to locate and develop beryl properties that align with MiRESSO's future needs [2][3] Company Developments - Rockland is actively exploring for beryl in Utah, holding a strong land position with its Claybank and Beryllium Butte Projects [3] - The Spor Mountain region in Utah is recognized for its beryllium occurrences, with Materion Corp. being the largest producer of beryllium from bertrandite at its Spor Mountain Mine, operational since 1969 [3][4] - The company is advancing critical metals exploration, specializing in beryllium, in a region with over 50 years of established mining history [4] Industry Context - Beryllium is classified as a high-value, essential light metal with diverse applications across aerospace, telecommunications, electronics, medical, satellite, energy, and defense sectors, and is recognized as a critical material by the US Government [5]
AbraSilver Accelerates US$6.85 Million Payment to EMX Royalty Corp, Securing Diablillos Project
Thenewswire· 2025-04-10 22:00
Core Insights - AbraSilver Resource Corp. has completed the final property payment of US$6.85 million to EMX Royalty Corporation, ahead of the original due date of July 31, 2025, and reduced from the initial obligation of US$7.0 million, securing 100% ownership of the Diablillos silver-gold project in Argentina [1][2]. Company Overview - AbraSilver is an advanced-stage exploration company focused on the Diablillos silver-gold project, which is located in the mining-friendly Salta and Catamarca provinces of Argentina [4]. - The current Proven and Probable Mineral Reserve estimate for the Diablillos project is 42.3 million tonnes grading 91 grams per tonne silver and 0.81 grams per tonne gold, containing approximately 124 million ounces of silver and 1.1 million ounces of gold, with significant exploration upside potential [4]. - The company has also entered into an earn-in option and joint venture agreement with Teck on the La Coipita project in San Juan province, Argentina [4]. Management Commentary - John Miniotis, President and CEO of AbraSilver, stated that the completion of the final payment is a key milestone that strengthens the company's financial position and allows for a focus on advancing the Diablillos Project towards production [3].
Avrupa Minerals Recognizes Potential at Rauhala Massive Sulfide Deposit, Finland
Thenewswire· 2025-04-08 12:00
Core Insights - Avrupa Minerals Ltd. is making progress on the Rauhala massive sulfide deposit in Finland, in partnership with Akkerman Exploration bv [1][3] - The Rauhala deposit is characterized as a small, high-grade, sediment-hosted massive sulfide deposit with historical resource estimates indicating significant mineralization [3][4] - The company plans to conduct further geophysical studies and drilling to explore the potential for expanding the mineralized zone and assess gold potential [13] Company Overview - Avrupa Minerals Ltd. operates as a growth-oriented junior exploration and development company focused on discovering mineral deposits using a hybrid prospect generator business model [15] - The company holds a 100% license in Portugal for the Alvalade VMS Project and a 49% exploration license for the Slivova Gold Project in Kosovo, while actively advancing six prospects in Finland [15] - The company aims to explore politically stable and prospective regions in Europe, including Portugal, Finland, and Kosovo, while seeking additional opportunities [15] Project Details - The Rauhala deposit was discovered in 1985 and has undergone various studies, with a historical resource estimate of 880,500 metric tons at 1.6% copper, 6.1% zinc, 1% lead, 0.5 g/t gold, and 49 g/t silver reported in 1988 [3][4][6] - AFOy acquired the mineral rights for the Rauhala deposit in 2023 and has compiled extensive historical data from 92 drill holes and 2,380 assays [7][10] - The deposit features a tabular layer of massive and disseminated sulfides, with thickness varying from 0.5 to 12 meters and an average of 3.6 meters [10] Future Plans - The upcoming work plan will focus on lateral and down-dip expansion of the known mineralized zone, exploration for potential feeder zones, and reviewing gold potential in the area [13] - The project is open for joint venture opportunities, indicating potential for collaboration with other entities [13]
Quantum Critical Metals to Attend at Kamloops Exploration Group Conference April 7 & 8
Thenewswire· 2025-04-07 20:00
Core Insights - Quantum Critical Metals Corp. is participating in the annual Kamloops Exploration Group conference on April 7th and 8th, 2025, to discuss its properties and projects [1][2] - The company focuses on advancing critical metals projects essential for next-generation technologies, with a portfolio that includes several promising assets [7] Industry Overview - Critical metals are vital for modern technologies, including renewable energy systems and advanced electronics, with both the U.S. and Canada identifying specific critical minerals for economic and national security [4] - Recent geopolitical developments, particularly China's export bans on critical minerals, have raised concerns about supply chain security, emphasizing the need for diversification and domestic sourcing of critical metals [5]
Femto Technologies Inc. Announces Results of AGM
Thenewswire· 2025-04-02 23:00
Vancouver, BC - (April 2, 2025) – TheNewswire - Femto Technologies Inc. (Nasdaq: (FMTO) (“Femto” or the “Company”), a FemTech pioneer and the creator of Sensera, a feminine wellness product, is pleased to announce the results of its annual general meeting of shareholders (the “AGM”) held today. Shareholders approved all matters recommended by management, including: setting the number of directors at five and electing Yftah Ben Yaacov, Gabi Kabazo, Harold Wolkin, Stefania Szabo and Carmel Zigdon as direc ...
Fitzroy Minerals Announces Completion of Acquisition of Ptolemy Mining Limited and Concurrent Financing
Thenewswire· 2025-03-31 18:45
Core Viewpoint - Fitzroy Minerals Inc. has successfully completed the acquisition of Ptolemy Mining Limited, positioning the company to target commercially viable copper resources in Chile and fully fund an 8,000-meter drill program at the Buen Retiro Copper Project in 2025 [1][2]. Acquisition Details - The acquisition involved the issuance of 88,000,000 common shares at a deemed price of $0.20 per share, with a hold period expiring on August 1, 2025 [4]. - Ptolemy is a UK-registered private company that holds options to acquire the Manto Negro, Buen Retiro, and Sierra Fritis properties in Chile [2]. Financing and Shareholder Approval - The company completed a private placement of 20,000,000 units at $0.15 per unit, raising $3,000,000 to fund the acquisition and exploration activities [10][13]. - The acquisition was subject to shareholder approval, which was obtained through written consent from holders of more than 50% of the outstanding shares, excluding shares held by the vendors [6]. Project Commitments - The Buen Retiro Option requires a $7,000,000 work program over four years, with specific annual expenditure requirements [7]. - The Sierra Fritis Option requires a $2,600,000 work program over four years, with a $50,000 payment due on specific anniversaries [9]. Management Changes - Gilberto Schubert has been appointed as the new Chief Operating Officer, bringing over 30 years of experience in resource development and operational leadership [2][14]. Related Party Transactions - The acquisition involved related party transactions, with Mr. Marr-Johnson and Mr. Schubert being vendors, and the company is exempt from formal valuation requirements under certain conditions [15]. Ownership Changes - Following the acquisition, Ptolemy Capital holds 31.31% of the issued and outstanding common shares of the company, representing a significant ownership stake [18].
Helix BioPharma Corp. Announces Voting Results from its Annual General and Special Meeting
Thenewswire· 2025-03-26 20:55
Core Viewpoint - Helix BioPharma Corp. held its Annual General and Special Meeting on March 26, 2025, where shareholders voted overwhelmingly in favor of all proposed resolutions, indicating strong support for the company's strategic direction and governance [1][2]. Voting Results - A total of 40,294,667 common shares were voted, representing 76.00% of the total issued and outstanding shares [1]. - All four director nominees were re-elected with votes in favor ranging from 99.99% to 99.99% [2]. - The appointment of Clearhouse LLP as the auditor was approved with 99.61% of votes in favor [2]. - The asset transactions with Laevoroc Immunology AG and Laevoroc Chemotherapy AG were approved with 99.61% of votes in favor [3]. - The equity draw-down subscription facility providing access to CA$25,000,000 was approved with 99.61% of votes in favor [4]. - The amendment for share consolidation on a ratio of up to five pre-consolidation shares for one post-consolidation share was approved with 99.98% of votes in favor [5]. - The resolution to change the company's name to "Aconara Pharma Corp." was approved with 99.60% of votes in favor [6]. - The approval of unallocated options and the Equity Compensation Plan for a further three years was approved with 99.60% of votes in favor [7]. Company Overview - Helix BioPharma is focused on developing novel therapies for hard-to-treat cancers, with a pipeline that includes the lead candidate Tumour Defence Breaker™ L-DOS47, which targets CEACAM6-expressing solid tumors [10].
REV Exploration Grants RSUs and Stock Options
Thenewswire· 2025-03-26 12:15
Core Points - REV Exploration Corp. has granted 125,000 stock options and 125,000 restricted share units (RSUs) to a director, with stock options priced at $0.275 and expiring on March 25, 2030 [1] - The RSUs will vest over time and can be converted into common shares or cash at the company's discretion [1] Company Overview - REV Exploration is a mineral exploration company focused on gold and battery metals, owning properties in Quebec, including nickel, niobium, tantalum, and gold [2] - The company is also exploring opportunities in the natural hydrogen sector in Saskatchewan [2]
Angkor Resources' Subsidiary, Enercam Resources, Programs Seismic Lines On Block Viii, Cambodia
Thenewswire· 2025-03-26 12:15
Core Viewpoint - ANGKOR RESOURCES CORP. is advancing its oil and gas exploration efforts in Cambodia through its subsidiary EnerCam Resources Co. Ltd., with a focus on Block VIII, where a 350-kilometer 2-D seismic line program has been established to identify drilling targets and enhance exploration activities [1][2][3]. Group 1: Exploration Activities - The technical team has identified six potential sedimentary sub basins of interest within Block VIII, with four located in the central west and two in the east [2]. - Initial seismic survey targets are concentrated in the western half of the Permit Block, specifically in the South Cardamom, Central Bokor, South Bokor, and North Phu Quoc sedimentary sub basins [3]. - The eastern side of Block VIII features two shallower sedimentary basins, North Kampot and South Kampot, which have known oil seeps of interest [4]. Group 2: Seismic Program and Methodology - The seismic program is expected to be conducted using accelerated weight drop (AWD) seismic technology, particularly suited for the shallower targets identified [4]. - The results from the 2-D seismic survey will be processed and interpreted during the rainy season, guiding subsequent exploration steps [11]. Group 3: Regional Context and Comparisons - The oil seeps found in Block VIII are similar to those in the Phitsanulok Basin of northwestern Thailand, which hosts the Sirikit oilfield, the largest onshore oilfield in Thailand with an initial estimate of 800 million barrels of oil [5]. - The Sirikit oilfield's recoverable estimates include 148 million barrels of oil and 250 billion cubic feet of associated gas, although these figures do not directly indicate the resource potential of Block VIII [5]. Group 4: Environmental Considerations - The seismic lines will be adjusted to remain within Permit boundaries, avoiding any encroachment into Protected Park areas or special Ecological Reserve lands [8].