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Cameo to Drill 10-15 High Priority Gold Targets at Katoro, Undertake Private Placement
Thenewswire· 2026-02-05 13:30
Core Viewpoint - Cameo Resources Inc. has initiated its first drilling campaign on the Katoro Gold Property in Tanzania, marking a significant step in its exploration efforts [1][3]. Company Overview - Cameo Resources Inc. is a mineral exploration company focused on discovering and developing valuable mineral deposits, with its Katoro property covering 19.58 square kilometers in the Lake Victoria Goldfield [12]. Drilling Campaign Details - The company has signed a Drilling Services Agreement with HETAMIS Mineral Services Ltd. to conduct the drilling campaign [2]. - The drilling will evaluate 80 targets identified from recent geophysical exploration, with the first phase involving 10-15 drill holes targeting magnetic anomalies [3][4]. - The first phase is set to commence in early February 2026, focusing on areas with high prospectivity for gold mineralization [3][4]. Technical Insights - The Technical Report indicates a strong potential for gold mineralization at the Katoro property, with similarities noted to nearby gold mines [4]. - Drill targets will focus on magnetic anomalies and intersections of geological structures that may indicate mineralized zones [4]. Financial Activities - The company is undertaking a non-brokered private placement of up to $3,000,000, consisting of 10,000,000 units priced at $0.30 each [5]. - Proceeds from the placement will be allocated for exploration expenses and general working capital [7]. Option Grant - The company has granted 2,000,000 stock options to directors, officers, and consultants, exercisable at $0.30 for two years [8].
Spartan Metal's New Land Package includes Past Producing Yellow Jacket Tungsten Mine
Thenewswire· 2026-02-05 13:00
Core Insights - Spartan Metals Corp. has expanded its land holdings by acquiring the past-producing Yellow Jacket Tungsten Mine, enhancing its Eagle Project in eastern Nevada [1][2] - The acquisition allows for exploration of both the vein system at Tungstonia and skarn-type mineralization at Yellow Jacket, indicating a significant tungsten endowment in the district [2][3] Company Developments - The Yellow Jacket Tungsten Mine historically produced material averaging 1.12% WO3 from 1943 to 1944, with two known mineralized zones [3] - Planned activities for 2026 include additional soil sampling, geophysics over the entire Tungstonia Claim block, and diamond core drilling of high-potential targets [4] Project Overview - The Eagle Project is approximately 36.5 km² and located 120 kilometers northeast of Ely, Nevada, covering 9,033 acres with 445 Bureau of Land Management unpatented lode mining claims [10] - The project includes three deposit types: Porphyry, Skarn, and Carbonate Replacement, containing significant grades of Tungsten, Silver, and Rubidium [11] Historical Context - The Eagle Project consists of past-producing high-grade tungsten mines, with operations occurring from 1915 to 1942 and intermittent production until 1956, totaling 8,379 units at grades between 0.6%-0.9% WO3 [8][10]
Ares Strategic Mining Expedites Company Roadmap and Production Plan Ahead of Government Contract
Thenewswire· 2026-02-05 12:30
Core Insights - Ares Strategic Mining Inc. is accelerating its roadmap for acidspar production to fulfill its Pentagon contract obligations, which includes expanding mining activities and fast-tracking the construction of a flotation plant [1][2] - The Department of Defense (DoD) contract has a ceiling of USD $250 million, requiring delivery of quality products from December 30, 2025, to December 29, 2030, necessitating a revision of Ares' production plan [2] - Ares has secured $10 million in funding, allowing for a revision of its production plan and focusing on the completion of the lumps plant [4][7] Funding and Financials - Ares has closed an offering of 16,666,666 units at CAD $0.60 per unit, generating gross proceeds of $10 million [7] - The company has entered into multiple financing arrangements with Sorbie Bornholm LP, with varying benchmark amounts and proceeds received [8] - Total proceeds received to date exceed the aggregate benchmark amount by $269,758.66, indicating a positive variance in funding [12]
Pegasus Mercantile Announces Cease Trade Order
Thenewswire· 2026-02-04 15:10
Core Viewpoint - Pegasus Mercantile Inc. has received a Failure-to-File Cease Trade Order from the British Columbia Securities Commission due to its inability to file annual financial statements and management's discussion and analysis by the required deadline [1][3]. Group 1: Cease Trade Order Details - The Failure-to-File Cease Trade Order (FFCTO) was issued on February 4, 2026, because the company did not file its annual financial statements for the year ended September 30, 2025, by January 28, 2026 [1][3]. - The company had previously applied for a Management Cease Trade Order (MCTO) on January 15, 2026, which was declined by the BCSC due to delays in obtaining information regarding a subsidiary and a recent acquisition project [2]. Group 2: Filing Requirements and Exceptions - The FFCTO will remain in effect until the company satisfies all annual filing and continuous disclosure requirements and receives an order from the BCSC to revoke the FFCTO [4]. - Beneficial security holders who are not insiders or control persons as of February 3, 2026, may sell securities acquired before that date under certain conditions [4]. Group 3: Company Overview - Pegasus Mercantile is a prospect generator that provides financial, operational, and management assistance to high-growth companies, focusing on sectors such as global wellness, psychedelics, mycology, hemp and CBD, and healthcare-related clinical studies [5].
Providence Gold Mines Inc. Increases Financing
Thenewswire· 2026-02-04 14:30
Core Viewpoint - Providence Gold Mines Inc. is increasing its Private Placement from $150,000 to $180,000, with each unit consisting of one common share and one full non-transferable warrant repriced to $0.065 from $0.05, aimed at funding administration and mineral evaluation for the La Dama De Oro property [1][2]. Group 1: Private Placement Details - The Private Placement will now raise up to $180,000, with each unit comprising one common share and one full non-transferable warrant [1]. - The warrants are exercisable for two years from the date of issue, with finder’s fees potentially paid at 7% cash and 7% finder's warrants exercisable at $0.065 for one year [1]. Group 2: Use of Proceeds - Proceeds from the Private Placement will be allocated for administration and continued sampling of both underground and surface workings to assess the mineralization potential ahead of a planned 1000-ton bulk sample [2]. Group 3: Property Overview - The La Dama de Oro property is a historical high-grade gold producer with all necessary permits for water, road, environmental, and bulk sampling operations [4]. - The property has not undergone modern scientific exploration, resulting in no developed or identified NI 43-101 compliant resources [4]. Group 4: Geological Context - The property is located in the Silver Mountain Mining District, characterized by complex geology including Mesozoic quartz monzonite and Jurassic Sidewinder Volcanics, with mineralization hosted by the La Dama de Oro Fault [5]. - The mineralization is classified as a low-sulfidation epithermal gold-silver vein system, with the largest known vein measuring 4.5 feet at its widest point and extending over 6,000 feet [6].
Pinnacle Hires San Diego Torrey Hills Capital for Investor Relations and Grants Incentive Stock Options
Thenewswire· 2026-02-04 13:30
Core Insights - Pinnacle Silver and Gold Corp. has signed a one-year contract with San Diego Torrey Hills Capital for investor relations services, effective February 1, 2026 [1] - The company will pay SDTHC US$2,000 per month and grant 300,000 three-year incentive stock options, which will vest over a year [1] - Additionally, Pinnacle is granting 2,170,000 incentive stock options to directors, officers, and consultants, with an exercise price of $0.20 [2] Company Overview - Pinnacle is focused on developing precious metals projects in the Americas, including the Potrero gold-silver project in Mexico and the Argosy Gold Mine in Ontario [3] - The Potrero project features an underexplored low-sulphidation epithermal vein system, indicating potential for near-term production [3] - The company is committed to building long-term, sustainable value for shareholders through its quality projects and experienced management team [3]
Scandium Canada Announces that Mr. Jeff Swinoga has Joined its Board of Directors as Chairman
Thenewswire· 2026-02-04 13:15
 February 4, 2026 – TheNewswire - MONTREAL, QUEBEC – Scandium Canada Ltd. (TSX-V: SCD) (the "Company") is pleased to announce the return of Mr. Jeff Swinoga, CPA, CA, MBA, as director and has been named as Chairman of the Board, effective Wednesday, February 4, 2026. Mr. Swinoga previously served as Chairman from October 2021 to May 2025, a period during which the Company transitioned from Imperial Mining Group to Scandium Canada and advanced the Crater Lake project through its updated resource estimation ...
MindBio Deploys Engineers to South American Mining Industry, Accelerates Investment in Enterprise Voice AI Health Diagnostics.
Thenewswire· 2026-02-04 13:05
Vancouver, British Columbia – TheNewswire - February 4, 2026 – MindBio Therapeutics Corp. (CSE: MBIO; Frankfurt: WF6; OTCQB: MBQIF), (the “Company” or “MindBio”), is pleased to report following its recent success in meeting with mining and health executives in South America, it has deployed a team of software engineers to the mining industry in country. The team deployed will be working with health and mining officials to build a protocol for practical implementation of drug and alcohol screening by voice. ...
Gatekeeper Announces $820,000 in School Bus Video Upgrades and Subscriptions Contracts
Thenewswire· 2026-02-04 13:00
Core Insights - Gatekeeper Systems Inc. has announced contracts worth approximately US$600,000 (around C$820,000) for school bus video and subscription services in Georgia and California [1] Group 1: Georgia Contract - An existing school district in Georgia is upgrading its entire fleet, replacing Mobile Data Collectors and interior video systems, valued at approximately US$350,000 [2] - The upgrade will enhance the number of video devices per bus, increase video resolution, and provide additional video storage capacity [2] - The customer's existing video management and storage subscriptions will remain active [2] Group 2: California Contract - In California, another existing school district is upgrading its internal and external video systems and subscribing to the Health Check service for system monitoring, valued at approximately US$250,000 [3] - This contract includes prepayment for five years of monthly recurring Health Check subscriptions [3] Group 3: Company Overview - Gatekeeper is a leading provider of video and data solutions aimed at enhancing safety in transportation for children, passengers, and drivers [4] - The company has served over 60 transit agencies and 3,500 school districts across North America, installing more than 65,000 Mobile Data Collectors that record video and data from over 200,000 onboard devices daily [4] - Gatekeeper's hosted software applications utilize AI-assisted video analytics for incident management and storage, with a business model centered around its Mobile Data Collectors [4]
Charbone Announces its First Hydrogen Supply Hub in the Ontario Market
Thenewswire· 2026-02-04 12:25
Core Viewpoint - CHARBONE CORPORATION is advancing its Canadian expansion strategy by developing its first Charbone Hydrogen Supply Hub in Ontario, which will enhance its capabilities in clean Ultra High Purity hydrogen production and distribution [1][4]. Group 1: Hydrogen Supply Hub Development - The Charbone Hydrogen Supply Hub will provide dedicated storage and local distribution for hydrogen, catering to industrial, advanced-manufacturing, and mobility customers in Southern Ontario [2]. - The hub will utilize existing infrastructure, including hydrogen storage tube assets, to support a scalable network of Hydrogen Production and Supply Hubs across North America [2][3]. - The Ontario hub is designed to accommodate future expansions in storage and production capacity as market demand increases [3]. Group 2: Strategic Importance and Market Focus - Ontario is prioritized due to its concentration of industrial users and advanced-manufacturing ecosystems, positioning the hub as a foundational element in CHARBONE's North American hydrogen logistics platform [4]. - The hub aims to improve supply reliability and response times for customers while reducing dependency on third-party logistics and storage [8]. Group 3: Investor Relations and Corporate Strategy - CHARBONE has engaged Momentum Public Relations Inc. for investor and public relations strategies, with a monthly fee of $10,000 for a six-month agreement [5]. - The company is committed to supporting the transition to a lower-carbon economy by providing decentralized clean hydrogen and specialty gas solutions [6].