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Peloton Commences the Maiden Drilling Program at the North Elko Lithium Project, Nevada
Thenewswire· 2025-11-18 13:30
Core Viewpoint - Peloton Minerals Corporation has initiated its maiden drilling program at the North Elko Lithium Project in northeastern Nevada, targeting lithium-bearing claystone layers and other critical minerals [1][2]. Group 1: Drilling Program Details - The drilling program will consist of four widely spaced holes, each reaching a depth of approximately 500 feet, to assess the orientation, stratigraphy, and potential mineralization within the clay layers [3]. - The drill holes will be spaced about 7 kilometers (4.3 miles) apart on the NE-SW axis and about 3.5 kilometers (2 miles) apart on the NW-SE axis, with drilling expected to take around three weeks and assays to follow in about six weeks [3]. Group 2: Project Background and Exploration Work - The North Elko Lithium Project spans approximately 37 square kilometers (14.25 square miles) and is fully owned by the company, with no outstanding royalties [5]. - Prior exploration activities included an airborne hyperspectral survey, airborne magnetics, radiometric and VLF-EM surveys, geological mapping, soil geochemistry over a 32 square kilometer grid, prospecting, and XRD analysis on over 1,000 surface samples [5]. Group 3: Regulatory and Operational Aspects - The company holds two drilling permits for the property and has 24 drill pad locations permitted for future programs, all strategically located beside existing roads to minimize environmental impact [4]. - The project is located adjacent to a high-grade lithium deposit discovered in 2023 by Surge Battery Metals, indicating potential for significant mineral resources in the area [5].
First Canadian Graphite Inc. Announces Financings
Thenewswire· 2025-11-18 13:00
Financing Announcements - First Canadian Graphite Inc. plans to raise $225,000 through a hard dollar financing by offering up to 1,500,000 units at $0.15 each, with each unit consisting of one common share and one warrant exercisable at $0.20 for two years [1][2] - The company also intends to raise $300,000 through a flow-through financing by offering up to 1,500,000 flow-through units at $0.20 each, with each unit comprising one flow-through common share and one-half warrant, where each whole warrant allows the purchase of one common share at $0.25 for two years [4][5] Use of Proceeds - The gross proceeds from the hard dollar financing will be allocated for general working capital, while the flow-through financing proceeds will be specifically used for exploration expenses on the Berkwood Graphite Project [2][5] Regulatory and Compliance - Both financings are subject to necessary regulatory approvals from the TSX Venture Exchange, and the securities issued will be subject to a hold period of four months plus one day following the date of issue [3][6] Project Overview - The Berkwood Graphite Project is located in Quebec, approximately three hours from Baie-Comeau, with easy access via major and forest roads [9] - The current mineral resource at the Berkwood Graphite Project includes 1,755,300 tonnes of indicated resources at 17.00% Cgr and 1,526,400 tonnes of inferred resources at 16.39% Cgr [11] Geological Context - The Zone 1 resource of the Berkwood Project is situated 8 km southwest of Nouveau Monde's deposit, which has a net present value (NPV) of $3.5 billion, and shares similar geological characteristics with exceptionally high-grade and coarse flake size [10] Company Background - First Canadian Graphite is managed by a team with over 150 years of collective experience in mining, with a focus on discovering and operating mines, particularly the Berkwood graphite resource in Northern Quebec [13] Community Engagement - The company acknowledges that the Berkwood Project is located within the traditional territory of the Pessamit Innu First Nation and is committed to fostering respectful and collaborative relationships with local Indigenous communities [8]
Sendero Resources "Best-Efforts" Offering Has Been Fully Allocated
Thenewswire· 2025-11-18 12:00
Vancouver, British Columbia – November 18th 2025 – TheNewswire - Sendero Resources Corp. (TSXV:SEND) (the “Company” or “Sendero”) announces that the "best-efforts" marketed private placement offering (the "Offering") of 4,220,000 common shares of the Company (the "Shares") at a price of C$0.95 per Share (the “Offering Price”) for gross proceeds to the Company of C$4,009,000 pursuant to the Listed Issuer Financing Exemption, previously announced on November 12, 2025, has received commitments from investors ...
CMX Set For Major 2026 Geophysical Survey And Drill Program On Historic Clayton Silver Mine
Thenewswire· 2025-11-18 01:10
Core Viewpoint - CMX Gold & Silver Corp. plans to conduct a geophysical survey in spring 2026 at its Clayton Silver Project, aiming to assess resource potential and expand exploration efforts in the area [1][2][3]. Exploration Plans - The exploration programs for 2026 and beyond will focus on evaluating the resource potential within the former mine, which has historical mineralization that remains open along strike and depth [2]. - The company intends to utilize modern geophysical techniques to better understand the underground potential compared to past methods used when the mine was operational [3]. Geophysical Survey Details - The geophysical survey will cover patented mining claims to delineate known structures and identify potential new ore bodies, utilizing a 3-D Direct Current Induced Polarization Survey (DCIP) and a Magnetotelluric Survey (MT) [4]. - The DCIP survey will target depths from approximately 650 feet (200 m) to 2,300 feet (700 m), while the MT survey will evaluate deeper potential down to at least 6,000 feet (1,830 m) [4]. Diamond Drilling Program - Following the geophysical survey, the company plans to conduct a diamond drilling program to test priority targets, which may represent extensions of historical ore bodies [5]. - The management believes there is significant potential to expand the resource base of the Clayton Silver Mine, as little exploration has been conducted on adjacent properties [5]. Market Context - The company has delayed capital spending on the project until a positive change in commodity markets was observed, now seeing systemic supply issues in global silver markets positively impacting prices in 2025 [5]. - The demand-supply deficit in the silver market has been significant, with industrial demand surging, particularly for solar panel production [5]. Marketing Awareness Program - CMX has initiated a marketing awareness program to highlight the strategic significance of the Clayton Silver Property, including social media engagement and informational meetings with high net-worth investors [6][7]. - The property encompasses approximately 1,028 acres (416 hectares) in Idaho, including the former Clayton silver-lead-zinc mine, which was developed to a depth of 1,100 feet [7]. Historical Production Insights - The Clayton Mine recorded production of approximately 7 million ounces of silver and significant amounts of lead, zinc, and copper from an estimated 2.15 million tonnes of ore mined between 1934 and 1985 [9]. - Historical drilling results indicate the potential for high-grade mineralization extending below the historic workings, confirming the area's resource potential [8].
Margaret Lake Announces Termination Of Previously Announced Private Placement
Thenewswire· 2025-11-17 22:01
Core Points - Margaret Lake Diamonds Inc. has terminated its previously announced non-brokered private placement of up to 9,000,000 units for aggregate gross proceeds of up to $900,000 at a price of $0.10 per unit [1] Company Summary - The company is listed on TSX Venture Exchange under the ticker DIA and also trades on OTC and FSE [1] - The announcement was made on November 17, 2025, following a prior news release dated September 9, 2025 [1] Contact Information - The President and CEO of the company is R. Nick Horsley, who can be contacted via phone or email [2]
Spartan Metals Commences Trading on the OTCQB under Symbol SPRMF
Thenewswire· 2025-11-17 17:25
Core Viewpoint - Spartan Metals Corp. has commenced trading on the OTCQB Venture Market in the U.S. under the symbol "SPRMF", while continuing to trade on the TSX Venture Exchange under the symbol "W" [1][2]. Company Overview - Spartan Metals is focused on developing critical minerals projects in top-tier mining jurisdictions in the Western United States, emphasizing a portfolio of strategic defense minerals such as Tungsten, Rubidium, Antimony, Bismuth, and Arsenic [5]. - The flagship project, the Eagle Project in eastern Nevada, consists of the highest-grade historic tungsten resource in the USA, along with significant under-defined resources of high-grade rubidium, antimony, bismuth, indium, and precious and base metals [6][7]. Trading and Market Access - The OTCQB listing is aimed at enhancing marketing efforts and introducing the company to a broader audience of potential U.S. investors, providing access to a larger pool of equity capital and improved trading liquidity [2][3]. - Spartan's common shares are now eligible with the Depository Trust Company (DTC), allowing for efficient electronic clearing and settlement of trades in the U.S. [2]. Investor Relations - Effective November 20, 2025, Spartan has engaged ValPal Management Consultancy for a 12-month investor-focused media campaign at a cost of US$8,000, subject to regulatory approval [4].
Vanguard Mining Corp. Closes Acquisition of Nucleon Uranium Ltd.
Thenewswire· 2025-11-17 14:20
Vancouver, BC – November 17, 2025 – TheNewswire - Vanguard Mining Corp. ("Vanguard" or the "Company") (CSE: UUU | OTC: UUUFF | Frankfurt: SL51) ) is pleased to announce that, further to its news release of September 10, 2025, it has closed its acquisition of 100% of the issued and outstanding common shares in the capital of Nucleon Uranium Ltd. (“Nucleon”) pursuant to the terms and conditions of a share exchange agreement dated September 10, 2025 (the “Definitive Agreement”) among the Company, Nucleon, and ...
Beauce Gold Fields Samples Apatite-Rich Targets on its Ch-98 Phosphate Property
Thenewswire· 2025-11-17 14:20
Core Insights - Beauce Gold Fields (BGF) has reported positive results from its CH-98 Phosphate Property in Québec, focusing on verifying historical phosphate showings and planning further exploration [1][3][9] Company Overview - Beauce Gold Fields is engaged in exploring and developing the largest placer gold district in eastern North America, with a flagship project at Saint-Simon-les-Mines [9] - The company aims to trace old placer gold workings back to bedrock sources to uncover economic lode gold deposits [9] Phosphate Exploration - The CH-98 property consists of 34 exploration claims and is strategically located near Arianne Phosphate's Lac à Paul project [1] - The exploration program aims to advance near-surface phosphate targets, contributing to North America's critical minerals supply chain [3][9] Geological Context - CH-98 is situated within the Lac-Saint-Jean anorthositic suite, known for its apatite-bearing anorthosite and mafic cumulates [4] - Historical analysis reported a high-grade rock sample at CH-98-61 with 8.59% P₂O₅ from apatite-bearing anorthosite [5] Sampling and Next Steps - The company collected grab samples, including a 20 kg bulk sample of apatite-rich granoblastic anorthosite, for further analysis [6] - Planned exploration activities include mechanical stripping, high-resolution ground or UAV magnetics, detailed prospecting, and follow-up in the northern sector for massive oxide targets [11]
Peloton Closes a Second Tranche of Financing Bringing the Total to $1,036,252.53
Thenewswire· 2025-11-17 14:00
Core Points - Peloton Minerals Corporation has successfully closed the second tranche of a non-brokered private placement financing, raising a total of $1,036,252.53, which is oversubscribed from the originally planned $630,000 [1][3] - The financing was priced at CDN$0.09 per unit, with each unit consisting of one common share and one common share purchase warrant exercisable for three years at $0.12 [1] - Proceeds from the private placement will be allocated for lithium exploration in northern Nevada and for working capital [1] Financing Details - The second tranche of the private placement raised $133,502.76 [1] - The private placement utilized certain prospectus exemptions, including the Existing Shareholder Exemption, allowing capital to be raised from existing shareholders [3] - The securities issued are subject to a hold period expiring four months and one day from the issuance date [4] Exploration Plans - Peloton will commence drilling at the North Elko Lithium Project (NELP) in northeastern Nevada this month [2] - Further announcements regarding the drilling program will be made after drilling begins [2] Company Overview - Peloton holds a 100% interest in the North Elko Lithium Project, which is prospective for lithium, uranium, and critical and rare earth minerals [6] - The company also has interests in gold projects and a non-controlling interest in a copper porphyry project near Butte, Montana [6] - Peloton is a reporting issuer in good standing in British Columbia and Ontario, with common shares listed on the CSE and trading on the OTC QB [5]
Granada Gold Mine to Complete Structural Analysis over 5.5 Kilometers of Mineralized Structure for the Granada Gold Property
Thenewswire· 2025-11-17 14:00
Core Viewpoint - Granada Gold Mine Inc. is engaging Ronacher McKenzie Geoscience Inc. to conduct a structural review of the Granada property, which has significant unexplored potential due to the high gold prices and the under-explored mineralized structure [1][2][3]. Company Overview - Granada Gold Mine Inc. owns 100% of the Granada Gold Property located near Rouyn-Noranda, Quebec, covering 14.73 square kilometers [7]. - The company is currently executing a large drilling program, with 20,000 meters completed out of a planned 120,000 meters [7]. Mineral Resource Estimate - An updated NI 43-101 technical report indicates that the Granada deposit contains 543,000 ounces of gold in the Measured and Indicated category and 456,000 ounces in the Inferred category [5][6]. - The resource estimates are based on a cut-off grade of 0.55 g/t Au for pit-constrained resources and 2.5 g/t Au for underground resources [5]. Exploration Potential - Approximately 80% of the 5.5-kilometer east-west mineralized structure remains unexplored, presenting opportunities for resource increases, especially with gold prices exceeding US$4,000 per ounce [2][3]. - The company has drilled extensively in the southwestern part of the property, aiming to develop a gold resource estimate suitable for open-pit mining [3]. Historical Context - The Granada property has a history of production, including over 50,000 ounces of gold extracted in the 1930s at grades of 10 grams per tonne [9]. - Historical drilling and mapping have identified up to twenty-two mineralized structures trending east-west over the property [8].