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Electrum Discovery Closes Over Subscribed Private Placement
Thenewswire· 2025-10-03 06:00
Core Viewpoint - Electrum Discovery Corp. has successfully closed an over-subscribed private placement, raising total gross proceeds of $1,608,077, which will be utilized to advance its gold and copper projects in Serbia [1][2]. Financing Details - The private placement involved the issuance of 22,972,527 units at a price of $0.07 per unit, with each unit comprising one common share and one common share purchase warrant [2]. - Each warrant allows the holder to purchase an additional common share at an exercise price of $0.15 for a period of two years [2]. - Finder's fees amounted to $12,246 in cash and 365,004 finder's warrants [3]. Use of Proceeds - Proceeds from the private placement will be directed towards infill and expansion drilling at the Novo Tlamino project and accelerating drill targeting at the Timok East project, along with general working capital and corporate purposes [5]. Company Overview - Electrum Discovery Corp. is a Canadian growth-oriented company focused on increasing shareholder value through its projects: gold-silver Novo Tlamino and copper-gold Timok East, located in the Western Tethyan Belt in Serbia [6]. - The company aims to maximize the value of its mineral projects while promoting sustainability and governance in the region [7].
Norsemont Announces Closing of Warrant Financing from Strategic Investors
Thenewswire· 2025-10-03 04:55
Core Points - Norsemont Mining Inc. has successfully closed a non-brokered private placement of 3,500,000 share purchase warrants at an issue price of CAD $0.10 per Warrant, raising gross proceeds of CAD $350,000 [1][3] - Each Warrant allows the holder to purchase one common share at a price of CAD $0.59 for a period of five years, with potential for acceleration of expiry if the share price exceeds CAD $1.00 for 10 consecutive trading days [2][3] - The proceeds from the Offering will be used for general working capital and mineral exploration of the Choquelimpie Gold-Silver-Copper project [3][7] Company Overview - Norsemont Mining owns a 100% interest in the Choquelimpie project in northern Chile, which has an initial mineral resource estimate of 2,184,000 indicated gold equivalent ounces and 557,000 inferred gold equivalent ounces [7] - The Choquelimpie project has over 1,700 drill holes and significant existing infrastructure, including roads, power, water, camp, and a 3,000-tonne-per-day mill [7] - The company is committed to responsible and sustainable resource development, utilizing modern exploration techniques to enhance shareholder value [7]
Hanstone Gold Options Snip North Project
Thenewswire· 2025-10-03 04:45
Core Viewpoint - Hanstone Gold Corp. has entered into a property option agreement with Goldrea Resources Corp. for a 70% interest in the Snip North Project, allowing Goldrea to focus on its advancement while Hanstone continues developing its Doc Property claims [1][2]. Company Overview - Hanstone Gold Corp. is a precious and base metals explorer focused on the Doc Project located in British Columbia's Golden Triangle, an area known for its mineral wealth [4]. - The company holds a 100% earn-in option on the 1,704-hectare Doc Project and owns a 100% interest in the 3,443-hectare Snip North Project, which is now subject to the option agreement with Goldrea [4]. Option Agreement Details - Goldrea must incur a total of $1,250,000 in exploration expenditures on the Snip North Project, with specific amounts due by September 30 of each year from 2026 to 2029 [3]. - Goldrea is also required to transfer $100,000 in eligible assessment credits to extend the expiry date of the Property to June 30, 2026; if the transfer is not approved, the option agreement will terminate [3]. - Upon earning a 70% interest, a 70/30 joint venture will be established for exploring and exploiting the Property, with a formal joint venture agreement to be negotiated [3].
First Tellurium Grants Options
Thenewswire· 2025-10-02 23:00
Group 1 - First Tellurium Corp. has granted incentive stock options to eligible consultants to purchase up to 700,000 common shares at a price of $0.20 per share for a period of ten years [1] - The options will have a hold period expiring on February 3, 2026, in accordance with CSE policies and applicable securities laws [1] - First Tellurium's business model focuses on generating revenue through mineral discovery, project development, and tellurium-based technologies [2] Group 2 - First Tellurium is listed on the Canadian Securities Exchange under the symbol "FTEL" and on the OTC under the symbol "FSTTF" [2] - The company provides further information about its projects on its official website [2]
King Global Announces Change Of Auditors
Thenewswire· 2025-10-02 22:20
Company Overview - King Global Ventures Inc. has appointed Davidson & Co. LLP as its new auditor, effective until the next annual meeting of shareholders [1][2] - The former auditor, Saturna Group Chartered Professional Accountants LLP, resigned on September 29, 2025, and their reports for the fiscal years ended December 31, 2023, and December 31, 2024, did not contain a modified opinion [3] Consulting Agreement - The company has entered into a Consulting Agreement with David Reavis for a 12-month period, granting him 100,000 options at $0.85 for two years, with 25% vesting every three months [5] Exploration Projects - King Global Ventures focuses on the exploration of precious and base metals in North America, particularly the Black Canyon Project in Arizona, which covers 4,000 acres and includes 15 former operating mines [5] - The Black Canyon Project targets copper-gold-silver-zinc mineralization and is located 100 km north of Phoenix, Arizona [5] - The Howard Copper Mine Property, part of the Black Canyon Project, is situated on 78 acres of patented land and has a history of high-grade copper production [6] - The Mikwam Gold Property is located in Ontario's Abitibi Greenstone Belt and contains disseminated and vein-hosted gold mineralization [7] - A historical inferred mineral resource of 1,810,000 tonnes grading 2.34 g/t gold, containing 136,000 ounces of gold, was reported for the Mikwam Property, but this estimate is not current and should not be considered as such [8]
Headwater Gold Receives Drill Permit for Lodestar Project, Nevada
Thenewswire· 2025-10-02 21:30
Vancouver, British Columbia, October 2, 2025 – TheNewswire - Headwater Gold Inc. (CSE: HWG) (OTCQB: HWAUF) (the "Company" or "Headwater") is pleased to announce it has received approval for the Lodestar Plan of Operations from the U.S. Forest Service and is authorized to commence drilling activities. Mobilization of earth work equipment to site will begin immediately in preparation for an inaugural up to 3,500 metre drill program. The Lodestar project is located in the Walker Lane mineral belt in western N ...
VanadiumCorp Resource Shareholders Approve All Matters at AGM
Thenewswire· 2025-10-02 21:05
Vancouver, British Columbia –TheNewswire – Oct 2, 2025 – VanadiumCorp Resource Inc. (TSX-V: VRB) (FSE: NWNA) (OTC: VRBFF) ("VanadiumCorp" or the "Company") is pleased to announce that shareholders approved all the resolutions put forth at the 2025 annual shareholders' meeting (AGM) held on Sept. 29, 2025. Following the AGM, the Board of Directors and the following officers have been appointed by the Company for the coming year: Kristien Davenport, Director and CEOGilles Dupuis, Director, COO, member of th ...
Generation Uranium Announces Closing of First Tranche of Oversubscribed Private Placement
Thenewswire· 2025-10-02 21:00
Core Points - Generation Uranium Inc. has successfully closed the first tranche of its non-brokered private placement, raising gross proceeds of $167,500 through the issuance of 3,350,000 units at a price of $0.05 per unit [1][4] - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of an additional share at $0.10 for two years [2] - The company has paid a cash commission and issued 24,000 non-transferable broker warrants to Haywood Securities Inc. as finder's fees [3] Financial Details - The total gross proceeds from the first tranche amount to $167,500 [1] - The price per unit is set at $0.05, with each warrant priced at $0.10 for future purchases [2] - The net proceeds will be allocated for general working capital, corporate purposes, and ongoing exploration activities [4] Regulatory Information - The securities issued are subject to a statutory hold period of four months and one day, expiring on February 3, 2026 [4] - The offering is pending final approval from the TSX Venture Exchange [4] Company Overview - Generation Uranium is engaged in the exploration and development of mineral properties, holding a 100% interest in the Yath Uranium Project located in Nunavut [5]
Planet Ventures Inc. Announces Normal Course Issuer Bid
Thenewswire· 2025-10-02 20:15
Core Points - Planet Ventures Inc. intends to renew its normal course issuer bid (NCIB) through the Canadian Securities Exchange (CSE) [1] - The renewed NCIB allows for the purchase of up to 10,206,333 common shares, representing 5% of the issued and outstanding shares [2] - The company's management believes the current market price does not reflect the underlying value of the business, and the NCIB aims to purchase undervalued shares [3] Summary by Sections NCIB Details - The renewed NCIB will commence on October 6, 2025, and end on October 5, 2026, unless the maximum number of shares is purchased earlier [5] - The previous NCIB, which started on July 16, 2024, allowed for the purchase of up to 10,531,283 shares, with 6,499,000 shares repurchased at an average price of $0.03 per share [4] Management's Perspective - The board and management believe that repurchasing shares when undervalued is a suitable use of the company's funds and in its best interests [3] - The company plans to appoint Ventum Financial Corp. to conduct the renewed NCIB, with the actual number of shares purchased depending on market conditions [6] Company Overview - Planet Ventures Inc. is an investment issuer focused on investing in disruptive companies and industries with high growth potential [7]
Prismo Metals Announces Results of Shareholder Meeting and Security Based Compensation Grants
Thenewswire· 2025-10-02 18:25
Core Points - Prismo Metals Inc. held its annual general and special meeting of shareholders on October 2, 2025, where all matters were approved [1] Group 1: Shareholder Meeting Outcomes - Shareholders elected a board of directors consisting of Alain Lambert, Louis Doyle, Craig Gibson, and Martin Dupuis [2] - The re-appointment of the current auditor, DeVisser Gray LLP, was approved by shareholders [2] - Shareholders adopted a new long-term incentive plan allowing for a "rolling up to 20%" [2] - The continuance of the Company from Canada into British Columbia under the Business Corporations Act was approved [2] - A potential new corporate name was also approved, subject to the directors' determination [2] Group 2: Stock Options and Restricted Share Units - The Company granted a total of 850,000 stock options to certain directors and officers, and 100,000 options to a consultant, each exercisable at $0.15 for five years [3] - The stock options will vest over one year, with one-quarter vesting every three months [3] - An aggregate of 725,000 restricted share units (RSUs) were issued to certain directors and officers, with each RSU entitling the holder to one Common Share upon vesting [4] - The RSUs will also vest over one year, with one-quarter vesting every three months [4] Group 3: Company Overview - Prismo Metals Inc. is a mining exploration company focused on advancing its Silver King, Ripsey, and Hot Breccia projects in Arizona, as well as its Palos Verdes silver project in Mexico [4]