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Gamma Resources Completes Strategic Uranium Acquisitions in Utah and New Mexico
Thenewswire· 2025-09-08 12:30
VANCOUVER, British Columbia – TheNewswire - September 8, 2025 – GAMMA Resources Ltd (TSX-V: GAMA; OTCPK: MLLOF; Frankfurt: MRDN) (“GAMMA” or the “Company”) is pleased to announce that the TSX Venture Exchange has approved the acquisition of the Green River and Mesa Arc uranium projects, previously announced on April 16, 2025.  Under a lease agreement dated April 14, 2025, with an arm’s length vendor, C Bar B Properties Corp. (the “Vendor”), Gamma has secured a four-year lease with an exclusive option to pur ...
American Salars Provides Corporate Update
Thenewswire· 2025-09-08 12:30
VANCOUVER, BC – TheNewswire - SEPTEMBER 8, 2025 – AMERICAN SALARS LITHIUM INC. ("AMERICAN SALARS" OR THE "COMPANY") (CSE: USLI, OTC: USLIF, FWB: Z3P, WKN: A3E2NY) announces that it has terminated its agreement with Vanguard Mining formerly Recharge Resources Corp to acquire the 800-hectare Pocitos 1 claim that it announced on June 17, 2024. The Company has decided not to proceed with the acquisition due to significant costs to settle local liabilities as part of the acquisition agreement. The Company is st ...
Scandium Canada Announces Upsize of Previously Announced Private Placement to $564,500
Thenewswire· 2025-09-08 12:25
MONTRÉAL (QUÉBEC) – TheNewswire - September 8, 2025 - Scandium Canada Ltd. (TSX-V: SCD) (the “Corporation”) is pleased to announce that, due to strong demand, including from existing shareholders, its previously announced private placement (the "Offering"), is now oversubscribed. The Company has elected to upsize the Offering for aggregate gross proceeds of C$564,500.This Offering consist of the issuance of units of the Corporation (the “Units”) at a price of $0.025 per Unit. Each Unit consists of one comm ...
Juggernaut Samples up to 256.60 g/t Or 8.25 oz/t Gold and Identifies 4 New Gold-Rich Zones that Remain Wide Open and are Drill Ready within the Highway of Gold Corridor on the Big One Property, Golden Triangle, B.C.
Thenewswire· 2025-09-08 12:05
Core Insights - Juggernaut Exploration Ltd has identified four extensive drill-ready gold-rich zones along the 15 km Highway of Gold Corridor within the Eldorado System, showcasing significant gold assay results [1][2][8] - The company has expanded the high-grade gold mineralized Eldorado System, which contains over 500 widespread mineralized veins covering approximately 9 km² [1][2][8] - The initial exploration results indicate a strong potential for a new district-scale gold system, with the company planning an inaugural drill program to further assess these zones [2][3][8] Summary by Zones Gold Dome Zone - The Gold Dome Zone has grab samples assaying up to 256.60 g/t Au (8.25 oz/t Au) and a channel cut assaying 5.45 g/t Au over 2.77 meters [1][7] - The zone measures approximately 3 km by 1.5 km, with extensive shear zones and veins up to 4 meters wide [6][7] - A total of 46 out of 191 samples (24%) assayed over 1 g/t Au, indicating strong mineralization [6][7] Gold Swarm Zone - The Gold Swarm Zone features grab samples with assays up to 226.94 g/t Au (7.30 oz/t Au) and a channel cut assaying 4.02 g/t Au over 4.36 meters [5][6] - This zone covers an area of about 1 km by 1 km and has a vertical relief of 440 meters [5][6] - 27 out of 44 samples (61%) assayed over 1 g/t Au, confirming its drill-ready status [5][6] Big Mac Zone - The Big Mac Zone measures approximately 1 km by 1 km, with multiple large veins and shear zones up to 10 meters wide [3][4] - Grab samples have assayed up to 111.35 g/t Au (3.58 oz/t Au), with channel cuts showing significant gold content [3][4] - 14 out of 26 samples (54%) from this zone assayed over 1 g/t Au, indicating its readiness for drilling [4] Whopper Zone - The Whopper Zone spans about 2 km by 2 km, with veins up to 5 meters wide and extensive shear zones [4][5] - Channel cuts have assayed up to 39.84 g/t Au (1.28 oz/t Au) within a larger interval of 6.71 g/t Au over 3.06 meters [4][5] - 32 out of 158 samples (20%) assayed over 1 g/t Au, confirming its potential for drilling [5] Exploration and Development - A total of 421 rock samples were collected during the 2025 exploration season, focusing on gold assays, with results for other metals pending [7][8] - Detailed geological mapping and UAV photogrammetry surveys have been completed to support the upcoming drill program [7][8] - The company has submitted a drill permit application to the British Columbia Ministry of Mining and Critical Minerals [10]
Zonetail Inc. Announces New Non-Brokered Private Placement for up to $1,000,000
Thenewswire· 2025-09-08 11:30
 TORONTO, Ontario – TheNewswire - September 8, 2025 - Zonetail Inc. (“Zonetail” or the “Company”) (TSXV: ZONE), is pleased to announce that it intends to offer for sale, on a non-brokered private placement basis, securities of the Company (the “Offering”) consisting of shares of the Company at a price of $0.02 per share for aggregate gross proceeds of up to $1,000,000 (“Maximum Proceeds”). The Offering is subject to the receipt of all necessary approvals, including the approval of the Toronto Venture Excha ...
Headwater Gold Advances Targets at Crane Creek and Receives Permits for Initial Drill Test
Thenewswire· 2025-09-08 10:30
Core Insights - Headwater Gold Inc. has completed airborne magnetic and radiometric surveys along with a ground gravity survey at its Crane Creek gold project in Idaho, and has received necessary drilling permits [1][2][16] - The company has identified new high-priority drill targets beneath gold-bearing epithermal quartz veins, which have not been tested at depth, indicating potential for significant mineralization expansion [2][15] - The geophysical surveys have revealed a 4 km by 2 km zone of potassium enrichment, suggesting hydrothermal alteration and highlighting exploration potential beyond previously known areas [2][3][12] Geophysical Survey Results - The airborne radiometric survey covered 302 line-km and identified a broad radiometric high associated with increased potassium concentrations, indicating hydrothermal fluid flow [3][12] - The magnetic survey revealed a strong NNW structural trend, allowing for the mapping of potential target structures under cover, which have not been drill tested [8][11] - Ground gravity surveys indicated a northwest-trending gravity low, consistent with basin-bounding structures, and highlighted the continuity of a major Miocene graben, a favorable setting for epithermal deposits [12][15] Exploration Strategy - The company is evaluating strategic options for advancing the Crane Creek project, including potential partnerships and the possibility of conducting initial drilling independently [2][19] - Permits for exploration drilling are in place, allowing for confirmation drilling of historical mineralized zones and initial tests at untested depths [16][17] - The integration of new geophysical data with existing datasets suggests the potential for testing historic high-grade intercepts and newly generated structural targets [15][18] Project Overview - The Crane Creek project is located in western Idaho, approximately 18 km northeast of Weiser, and encompasses 1,240 hectares of mineralized epithermal quartz veins [17][19] - Historical drilling from 1984 to 1996 primarily targeted shallow mineralization, with many high-grade intercepts not followed up, indicating untapped potential at greater depths [18][19] - The project is strategically positioned near the Nutmeg Mountain gold deposit, enhancing its exploration appeal [12][17]
Electrum Discovery Corp. Opens a Non-brokered Private Placement of up to C$1.4 million
Thenewswire· 2025-09-08 06:00
Core Viewpoint - Electrum Discovery Corp. has initiated a non-brokered private placement to raise up to approximately $1.4 million through the issuance of 20,000,000 units at a price of $0.07 per unit [1][3]. Group 1: Private Placement Details - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at $0.15 for 24 months post-placement [2]. - The net proceeds from the offering will be allocated for exploration and development of mineral projects in Serbia, as well as for working capital and general corporate purposes [3]. - Certain insiders may participate in the private placement, and a finder's fee may be paid to registrants assisting in the placement [4]. Group 2: Regulatory and Compliance Information - The completion of the private placement is contingent upon receiving all necessary regulatory approvals, including from the TSX Venture Exchange [4]. - The securities issued will be subject to a four-month plus one day hold period under applicable Canadian securities laws [5]. Group 3: Company Overview - Electrum Discovery Corp. is a Canadian growth-oriented company focused on enhancing shareholder value through its two projects: gold-silver Novo Tlamino and copper-gold Timok East, located in Serbia's Western Tethyan Belt [6]. - The company aims to maximize the value of its mineral projects for stakeholders, including shareholders and the local community, while promoting sustainability and governance [7].
Armory Mining Announces Closing of Second and Final Tranche of Private Placement
Thenewswire· 2025-09-06 00:10
Core Points - Armory Mining Corp. has successfully closed the second and final tranche of its oversubscribed non-brokered private placement offering, raising a total of $853,000 [1][3] - The final tranche involved the issuance of 1,000,000 units at a price of $0.05 per unit, generating gross proceeds of $50,000 [2] - The funds raised will be utilized for working capital and general corporate purposes [3] Company Overview - Armory Mining is a Canadian exploration company focused on minerals critical to the energy, security, and defense sectors [4] - The company holds an 80% interest in the Candela II lithium brine project in Argentina and a 100% interest in the Riley Creek antimony-gold project in British Columbia [4] - Additionally, the company has an option to acquire a 100% interest in the Ammo antimony-gold project located in Nova Scotia [4]
Gamma Resources Announces Closing of First Tranche of Private Placement
Thenewswire· 2025-09-05 22:40
Core Points - GAMMA Resources Ltd has successfully closed the first tranche of its private placement, raising gross proceeds of $651,060 [1] - The private placement consists of up to 8,333,334 units priced at $0.12 per unit, aiming for total gross proceeds of up to $1,000,000 [2] - Each unit includes one common share and one warrant, with warrants exercisable at $0.18 for 36 months [2][3] Financial Details - In the first tranche, the company issued 5,425,500 units at $0.12 each, with warrants expiring on September 5, 2028 [3] - Finders' fees amount to $13,650 in cash and 113,750 finders warrants, which have an exercise price of $0.12 for 24 months [3] Related Party Transactions - Directors of the company participated in the first tranche, acquiring a total of 417,000 shares, which is classified as a related party transaction [4] - The offering is exempt from formal valuation and minority shareholder approval requirements as it does not exceed 25% of the company's market capitalization [4] Securities Regulations - All securities from the private placement are subject to a four-month hold period and are not registered under U.S. securities laws [5] - The press release does not constitute an offer to sell or solicit offers to buy securities in the United States [5][9] Company Overview - GAMMA Resources Ltd focuses on uranium exploration and development in the U.S., with key projects in Utah and New Mexico [6] - The company aims to leverage favorable market conditions and policy changes in the U.S. nuclear sector to provide responsibly sourced uranium [6]
Bathurst Metals Announces Merry May Claim Option
Thenewswire· 2025-09-05 20:35
Core Viewpoint - Bathurst Metals Corp. has entered into an agreement to acquire a 100% interest in the Merry May Project, a mineral claim in British Columbia, which is expected to enhance its gold exploration portfolio [1][3]. Acquisition Details - The acquisition involves an Assignment and Assumption Agreement dated September 4, 2025, for a mineral claim of 81.6 hectares near Gold Bridge, B.C. [1] - As part of the agreement, Bathurst will issue 2,200,000 common shares to the vendor, pending approval from the TSX Venture Exchange [1]. - The Company will reimburse the vendor $1,000 upon receiving TSXV approval and must incur at least $50,000 in expenditures on the claim within 24 months to exercise the option [2]. Financial Terms - The claim will be subject to a net smelter royalty of 1.0% in favor of the underlying optionor, which Bathurst can purchase for $1,000,000 after the commencement of commercial production [2]. Strategic Importance - The CEO of Bathurst highlighted that the Merry May Project is located in a highly prospective area for gold mineralization, which allows for year-round development activities [3]. Additional Information - The Company also reported the payment of finders' fees amounting to $7,175 related to a recent private placement [4]. - Lorne Warner, a qualified person, has reviewed and approved the scientific and technical disclosures in the news release [5].