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First Tellurium to Acquire Additional Interest in Subsidiary PyroDelta Energy
Thenewswire· 2025-12-03 12:30
Vancouver, BC, Canada, December 3, 2025 – TheNewswire - First Tellurium Corp. (CSE: FTEL, OTC: FSTTF) reports that the Company is acquiring an additional 8% interest in its subsidiary PyroDelta Energy Inc. from Michael Abdelmaseh, bringing First Tellurium’s total ownership of PyroDelta to 83%. Under the terms of the purchase agreement, First Tellurium will pay Abdelmaseh US$240,000 for the additional shares.“This purchase is part of a ‘gentlemen’s agreement’ we had with Michael when we made our original i ...
Headwater Gold and Centerra Gold Sign US $25 Million Earn-In Agreement to Explore the Crane Creek Gold Project in Idaho
Thenewswire· 2025-12-03 11:30
Core Insights - Headwater Gold Inc. has entered into a definitive earn-in agreement with Centerra Gold Inc. for Centerra to earn up to a 70% interest in Headwater's Crane Creek project in Idaho through staged exploration expenditures totaling up to US$25,000,000 and the completion of a preliminary economic assessment report [1][3][4] Agreement Structure - The earn-in agreement allows Centerra to acquire a 70% interest in the Crane Creek project by making an initial cash payment of US$87,000 and subsequent annual cash payments of US$50,000 starting on the first anniversary of the agreement [5][6] - The agreement consists of three stages: - **Stage 1**: Centerra can earn a 51% interest by funding US$10,000,000 in exploration expenditures within four years, including a minimum commitment of US$2,500,000 in the first three years [6][7] - **Stage 2**: Centerra may earn an additional 9% interest (up to 60%) by funding an additional US$15,000,000 within four years following Stage 1 [7][8] - **Stage 3**: Centerra can earn an additional 10% interest (up to 70%) by completing a preliminary economic assessment report that includes a minimum of 1,000,000 ounces of gold equivalent within two years following Stage 2 [8] Project Overview - The Crane Creek project is located in western Idaho, approximately 18 km northeast of Weiser and 90 km northwest of Boise, and is fully permitted for drilling [9][11] - The project encompasses an array of mineralized epithermal quartz veins and features characteristics of a well-preserved low-sulfidation system [9][12] - Historical drilling from 1984 to 1996 primarily targeted shallow mineralization, with significant potential for high-grade veins at greater depths remaining untested [12][13] Exploration Plans - Headwater and Centerra will work together to finalize an integrated exploration plan that incorporates recent geophysical datasets and historical results, with the goal of initiating Phase 1 drilling as early as spring 2026 [14]
Prismo Metals Announces Assay & IP Results at Silver King
Thenewswire· 2025-12-03 08:30
Core Insights - Prismo Metals Inc. has announced assay results from the Silver King Project, highlighting high-grade copper mineralization at the Black Diamond target and significant gold values at the Crown porphyry intrusion target [1][3][4] Exploration Results - The Black Diamond replacement target showed several rock chip samples with copper assays exceeding 1% Cu, with two samples over 5% Cu [3] - The Crown porphyry intrusion exhibited lead and zinc values, with two vein samples yielding high gold values of 4 and 5 g/t [4] IP Survey Findings - The initial phase of the IP survey revealed low resistivity anomalies associated with the Black Diamond body and potential structures similar to the Magma mine [11][12] - Chargeability anomalies were identified, indicating the presence of disseminated sulfides, with one anomaly linked to the stockwork intrusion [13] Drilling Plans - The company plans to conduct a fully funded drill program focusing on the historic Silver King mine site, targeting a minimum of 1,000 meters to explore the mineralized body and adjacent areas [19] - The Forest Service has approved the company's drill plan, confirming it meets regulatory requirements [20] Financing Update - Prismo has completed a second closing of a non-brokered private placement, raising gross proceeds of $1,910,000, which will primarily fund drilling at the Silver King project [21][23] - The second tranche was increased from 1,250,000 Units to 1,650,000 Units due to strong investor demand [21] Quality Assurance - Samples were analyzed by SGS, with controls in place to ensure the accuracy of the results [27]
Giant Mining Corp. Advances Metallurgical Test Work at Majuba Hill Nevada Copper-Silver-Gold Project as Metal Prices Hit Records
Thenewswire· 2025-12-03 08:05
Core Viewpoint - Giant Mining Corp. is planning additional metallurgical test work to enhance the understanding of copper, silver, and gold recoveries at its Majuba Hill Copper-Silver-Gold Project in Nevada, amidst rising commodity prices [1][3]. Company Developments - The planned metallurgical work aims to refine the understanding of recoveries across different mineralization zones: oxide, transition, and sulphide [2]. - Historical drilling at Majuba Hill has shown high-grade copper and silver mineralization, with notable results such as Hole MHB-30, which averaged 2.6% Cu and 30.1 g/t Ag over 74.0 ft [2]. - The company is currently working with RESPEC Company LLC to refine the geological model and incorporate silver assays to better delineate the multi-metal potential of the project [2]. Market Context - Recent all-time highs in copper, silver, and gold prices are creating a favorable market environment for the Majuba Hill project, with copper reaching US$5.94/lb and currently trading at approximately US$5.21/lb, silver at US$58.85/oz and currently around US$57.65/oz, and gold at US$4,381.58/oz and currently at approximately US$4,216/oz [7]. - The company believes that the historical work indicating copper recoveries of up to 80% and silver recoveries of up to 75% supports the potential for the project [3]. Metallurgical Program Objectives - The metallurgical program aims to assess oxide, mixed, and sulphide mineralization domains, improve recovery processes, evaluate multi-stage processing options, and generate new technical data for future economic studies [10][11]. - Historical metallurgical findings have provided encouraging indications for processing potential, reinforcing the company's confidence to expand mineralization through ongoing exploration drilling [8]. Project Characteristics - Majuba Hill is located in a top-ranked mining jurisdiction in Nevada, covering 9,684 acres with strong local infrastructure, which offers significant cost advantages [10][12]. - The project has a history of approximately 89,395 feet of drilling, indicating a potentially large mineralized body with significant expansion potential [12]. - The company has secured funding for the next phase of drilling at Majuba Hill, indicating a commitment to advancing the project [12].
XR Immersive Technologies Provides Corporate Update Following Completion of Financial Filings
Thenewswire· 2025-12-03 05:05
Vancouver, BC – TheNewswire - December 2, 2025 – XR Immersive Technologies Inc. (CSE: VRAI, OTC: FNTTF, FSE: 79W0) (“XR” or the “Company”) is providing a corporate update following the appointment of Shafin Diamond Tejani as Special Advisor, originally announced on October 9, 2025.Since the appointment, the Company has focused on three core priorities: (1) completing all outstanding financial filings, (2) advancing commercialization of its health-related digital twin technology, and (3) progressing through ...
Universal Ibogaine advises further on application for Management Cease Trade Order
Thenewswire· 2025-12-03 01:00
Calgary, AB – December 2, 2025 – TheNewswire – Universal Ibogaine Inc. (TSXV:IBO) (“UI” or the “Company”), a life sciences company with a mission to research and deliver medicalized ibogaine-centered addiction care, advises of the following additional points related to its prior News Release of November 25, 2025 regarding its application to the Alberta Securities Commission (the “ASC”, the Company’s Principal Regulator) for a Management Cease Trade Order (“MCTO”): The Company is not currently subject to a ...
Element79 Announces Extension to Proposed Spin Out and Merger
Thenewswire· 2025-12-03 00:15
VANCOUVER, BC - TheNewswire - December 2, 2025 – Element79 Gold Corp. (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS) ("Element79", or the "Company”) The Company announces that, in connection with its previously announced proposed arrangement transaction with Synergy Metals Corp. ("Synergy") pursuant to an arrangement agreement dated January 10, 2025, as amended by an amending agreement dated April 30, 2025 (together, the “Arrangement Agreement”), it has entered a second amending agreement to the Arrangement Agreement ...
Armory Mining Announces Flow-Through Financing
Thenewswire· 2025-12-02 23:30
Core Viewpoint - Armory Mining Corp. is initiating a non-brokered private placement offering of up to 14,285,714 flow-through units at a price of $0.07 per unit, aiming to raise gross proceeds of up to $1,000,000 for exploration activities [1][3]. Group 1: Offering Details - Each flow-through unit consists of one common share and one transferable common share purchase warrant, allowing the holder to purchase an additional common share at $0.09 for three years [2]. - The proceeds from the offering will be allocated to eligible Canadian exploration expenses at the Ammo project in Nova Scotia [3]. - The company may issue finder's fee warrants, which will allow the purchase of additional common shares at $0.07 for three years [3]. Group 2: Regulatory and Compliance Information - All securities issued under the offering will be subject to a four-month hold period in accordance with Canadian securities laws and CSE policies [4]. - The completion of the offering is contingent upon receiving necessary approvals, including from the CSE [4]. Group 3: Company Overview - Armory Mining Corp. focuses on minerals critical to the energy, security, and defense sectors, holding 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 [5].
TSX-V: TT Announces Closing of Tranche 1 of Financing for $2.71MM
Thenewswire· 2025-12-02 22:45
December 2, 2025, Toronto, ON – TheNewswire - Total Metals Corp. (“Total Metals” or the “Company”) (TSX-V: TT) (OTCQB: TTTMF) (FSE: O4N) ) is pleased to announce that, further to its news release dated November 13, 2025, it has closed the first tranche (“Tranche 1”) of its non-brokered private placement financing (the “Offering”), for aggregate gross proceeds of C$2,713,500.Under Tranche 1 of the Offering, the Company issued an aggregate of 3,015,000 units (each, a “Unit”) at a price of C$0.90 per Unit. Ea ...
Panther Minerals Announces Resignation of Director
Thenewswire· 2025-12-02 22:00
Vancouver, British Columbia / December 2, 2025 – TheNewswire - Panther Minerals Inc. (“Panther Minerals” or the “Company”) (CSE:PURR) (OTC:GLIOF) (FWB:2BC), a North American mineral acquisition and exploration company, announces that Mr. Robert Birmingham has resigned as a Director of the Company, effective immediately. The Board of Directors has initiated its process to evaluate potential candidates to fill the vacancy and will provide further updates as appropriate.About Panther Minerals Inc.Panther Min ...