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Canada Nickel's Crawford Nickel Project Named Under Ontario's One Project, One Process Framework
Thenewswire· 2026-01-13 23:10
Core Viewpoint - Canada Nickel's Crawford Nickel Project has been designated under Ontario's One Project, One Process framework, which aims to streamline the permitting and review processes for major mining developments in the province [2][3]. Group 1: Project Significance - The Crawford Nickel Project is recognized for its advanced state, scale, and strategic importance within Ontario's Critical Minerals Strategy [2]. - The project is expected to create 4,000 jobs and is positioned to be one of the largest nickel deposits globally, contributing significantly to the local economy [2][3]. - Independent analysis estimates that the project will generate over $70 billion in GDP over its initial 40+ year mine life, with approximately $67 billion benefiting Ontario [2]. Group 2: Environmental and Regulatory Aspects - The Crawford Nickel Project aims to become one of Canada's largest carbon storage facilities, with the potential to permanently store up to 1.5 million tonnes of CO₂ annually, making it the world's first net-zero carbon nickel mine [2]. - The project has already submitted an Impact Statement under the amended Impact Assessment Act, 2019, and is the first mining project in Canada to do so [2][3]. Group 3: Company Background - Canada Nickel Company is focused on advancing nickel-sulphide projects to meet the growing demand in electric vehicle and stainless-steel markets [4]. - The company is pursuing the development of processes for net-zero carbon nickel, cobalt, and iron products, enhancing its appeal to investors in low political risk jurisdictions [4]. - Noble Mineral Exploration Inc. holds securities in Canada Nickel and has various mineral rights and exploration projects in Northern Ontario and other regions [5][6].
CMX Announces Private Placement
Thenewswire· 2026-01-13 22:30
Core Viewpoint - CMX Gold & Silver Corp. plans to raise up to $2,000,000 through a non-brokered private placement financing to fund exploration activities on its Clayton Silver Project in Idaho, U.S.A. [1][2] Financing Details - The Offering will consist of up to 8,000,000 units priced at $0.25 per unit, with each unit comprising one common share and one warrant exercisable at $0.40 per share within 24 months [2][3] - The proceeds will be allocated for a geophysical survey and an initial diamond drilling program on the Clayton Silver Project [2] Project Overview - The Clayton Silver Project is CMX's flagship asset, covering 1,028 acres in the Bayhorse Mining District of Idaho, including 29 patented mining claims and two patented mill sites [3] - The patented claims provide surface ownership rights, carry no government royalties, and do not require drilling permits [3] Exploration Plans - Starting in spring 2026, CMX intends to conduct a comprehensive geophysical program, including a 3-D Direct Current Induced Polarization survey and a Magnetotelluric survey to identify mineralization targets [4]
Adamera Reports Multiple Drill-Ready Gold-Silver-Copper Targets in Established Mining Districts of B.C. and Washington State
Thenewswire· 2026-01-13 17:50
Core Viewpoint - Adamera Minerals Corp. is focused on advancing its exploration projects in 2026, with plans to finalize permitting and initiate drilling on at least five gold-copper-silver targets within its extensive land package in British Columbia and Washington State [1][2][19] Company Strategy - The company has adopted a disciplined exploration strategy over the past decade, emphasizing low-cost field work programs to refine high-quality drill targets in proven mining districts [2][3] - In 2026, the focus will shift towards advanced drilling stages, with drilling expected to commence by mid-year [2][19] Project Highlights - Adamera's portfolio includes multiple potential discoveries in historic mining districts, with a mix of gold, silver, copper, and tungsten targets that are well-positioned in the current commodity cycle [3][18] - The Buckhorn 2.0 Project, surrounding the former Buckhorn Gold Mine, has identified over 30 drill targets with significant gold and copper-silver potential [5][7] - The South Hedley Project in British Columbia has a land position of over 19,000 hectares and is considered a new discovery stage area with multiple drill-ready targets [11][12][16] Washington State Portfolio - The projects in Washington State are located in historic mining districts with established infrastructure, providing a development advantage due to proximity to Kinross Gold's treatment facility [4][18] - The Buckhorn 2.0 Project has a strong geological framework and significant copper-silver potential, with historic drill results indicating high-grade mineralization [5][7] Key Prospects - The Max Prospect has shown promising results with soil samples returning up to 1.61 g/t gold and associated copper anomalies [14] - The Glix Prospect has identified gold values up to 4.3 g/t, indicating a strong potential for further exploration [15] - The Empire Creek project has confirmed high-grade mineralization with historic drill intercepts exceeding 10 g/t gold and 100 g/t silver [9] 2026 Outlook - The company plans to advance a pipeline of drill-ready targets across multiple properties, with funding expected from equity financing and potential joint ventures [17][19] - Strengthened gold and silver prices, along with long-term demand for copper and strategic interest in tungsten, enhance the appeal of Adamera's asset mix [18]
Nord Precious Metals Outlines Path to Production Following Gowganda Acquisition
Thenewswire· 2026-01-13 15:00
Core Viewpoint - The acquisition of four mining leases from Battery Mineral Resources Corp. positions Nord Precious Metals Mining Inc. as a significant player in the Gowganda Silver Camp, coinciding with record silver prices and supportive provincial initiatives for critical minerals processing [1][11][14]. Consolidation of Mining Leases - The transaction consolidates both surface tailings and underground infrastructure, adding four historic production shafts to Nord's existing operations, totaling eight shafts in the Gowganda district [2][6]. - The Miller Lake-O'Brien complex, part of the acquired leases, includes extensive underground development that previous operators did not fully exploit, with historical operations ceasing in 1964 [3]. Exploration Potential - A 3D geological modeling program at Castle East has identified 29 mineralized veins, confirming the exploration potential of the lower contact of the Nipissing diabase, which underlies the acquired properties [4]. - The historical resource in the acquired leases is classified as an indicated resource of 1,940,000 tonnes grading 47.5 g/t silver, potentially yielding 2,960,000 ounces of silver [15]. Processing Capabilities - TTL Laboratories, the only permitted high-grade milling facility in the Cobalt Camp, has previously produced refined silver dore, including a 1,000-ounce silver bar from Cobalt Camp material [10]. - The acquisition provides additional feed material for TTL's operations, enhancing Nord's integrated model as a silver-cobalt producer [11]. Regulatory and Strategic Context - The Ontario government has launched a $500 million Critical Minerals Processing Fund to support domestic processing, aligning with Nord's objectives [14]. - The Recovery Permit application for tailings processing is advancing with Ministry support, allowing for toll processing arrangements for third-party tailings [5][12]. Historical Production Insights - The Gowganda Silver Camp produced over 60 million ounces of silver and 1.3 million pounds of cobalt from 1909 to 1989, with the acquired leases encompassing three of the five largest past-producing mines in the area [7][8]. - The broader Cobalt-Gowganda-Silver Centre district has a total historical production of approximately 550 million ounces of silver and 26 million pounds of cobalt [8].
Fitzroy Minerals Reports 176 m @ 0.47% CuEq1 (0.31% Cu, 249 ppm Mo, 0.04 g/t Au) at the Caballos Copper Project and Confirms that the Buen Retiro Copper Project is Analogous to Candelaria, Chile
Thenewswire· 2026-01-13 14:15
Core Insights - Fitzroy Minerals Inc. is making significant progress in its exploration of the Buen Retiro and Caballos copper projects in northern Chile, coinciding with record-high copper prices, indicating a transformative year ahead for the company [1][2]. Caballos Project - The Caballos project has revealed a robust copper-molybdenum-gold system with multiple mineralization phases, extending over 600 meters, with ongoing exploration [2][4]. - Phase 1 drilling at Caballos has completed 3,154 meters across nine holes, with an airborne geophysical survey scheduled for Q1 2026 to enhance geological modeling [4][12]. - Drill hole CAB-DDH004A intersected 176 meters at 0.31% Cu, 249 ppm Mo, and 0.04 g/t Au, indicating promising mineralization [6][8]. Buen Retiro Project - At Buen Retiro, drilling continues to intersect significant sulphide mineralization, with a focus on the Upper Pucobre Formation, which is similar to the Candelaria deposit [3][20]. - Approximately 8,000 meters of diamond drilling across 29 holes has been completed, with assays pending for several drill holes due to laboratory delays [14][18]. - The geological interpretation indicates a copper-mineralized trend extending about 1 kilometer, with mineralization preferentially developed in permeable volcanic breccias and tuffs [17][18]. Technical Developments - The company plans to upgrade the Technical Report on the Heap Leach Joint Venture with Pucobre to a Pre-Feasibility Study, reflecting confidence in the project [4][23]. - New drilling contracts for 2026 are being negotiated, focusing on both exploration and larger diameter infill drilling [22]. Geophysical Surveys - Fitzroy has contracted Expert Geophysics for an airborne MobileMT survey to map subsurface geology to depths of 1 to 2 kilometers, with a total of approximately 716 line-km planned [10][12].
Generation Uranium Signs new agreement on the Yath Extension project.
Thenewswire· 2026-01-13 14:00
Core Viewpoint - Generation Uranium Inc. has signed an agreement to acquire the Yath Extension Property, enhancing its presence in the Angilak Uranium District of Nunavut [1][2]. Acquisition Details - The definitive purchase agreement allows Generation Uranium to acquire 100% ownership of the Yath Extension property, adding 4,123.94 hectares across five claims, bringing the total size of the Yath Project to approximately 18,214.87 hectares [2]. - The agreement reduces share payments by 6 million shares and breaks the share payments into two tranches over two years [2][10]. Geological Highlights - The Yath Extension property is underlain by Archean basement rocks of the Kaminak Group, known for uranium-copper mineralization within quartz-vein stockworks and brecciated zones [3]. - Historical mapping and sampling confirm the presence of narrow, high-grade mineralized shears and fractures [3]. Strategic Significance - This acquisition strengthens Generation's control over key structural corridors in the Yath Basin and aligns with the company's goal to advance high-priority exploration targets within a proven uranium district [6]. - CEO Mihcael Collins emphasized that the acquisition expands the company's core holdings and enhances its strategic position within Nunavut's uranium belt [7]. Historical Data - Historical Trench A averaged 0.82 lb/ton U3O8, with a peak sample returning 0.188% U3O8; Historical Trench B averaged 1.79 lb/ton U3O8, with a peak sample returning 0.52% U3O8 [7]. - A float sample exhibited 10.1% Na2O and 0.26% U, indicating a distinct sodium-rich alteration signature [7]. Transaction Summary - Vendors will receive 14 million common shares of Generation Uranium over two years in equal tranches of 7 million shares, along with a cash payment of $60,000 upon closing [10]. - A 2% Net Smelter Return (NSR) royalty will be granted as part of the transaction [10]. Company Overview - Generation Uranium is a Canadian resource exploration company focused on uranium, advancing its 100% owned Yath uranium project in Nunavut's Angilak district, which is one of Canada's most active emerging uranium camps [11]. - The company has a robust pipeline of high-priority exploration targets and is well-positioned to contribute to the future supply of clean nuclear energy [11].
[Video Enhanced] West Red Lake Gold 2025 US$73 million Gold Sales in Rear View Mirror as 2026 Commercial Production Begins
Thenewswire· 2026-01-13 13:30
Core Viewpoint - West Red Lake Gold Mines has commenced commercial production at its Madsen Gold Mine, marking a significant milestone for the company and the project [1][2]. Production and Performance - The Madsen Gold Mine achieved commercial production on January 1, 2026, following a successful December where tonnage, grade, recoveries, and production met expectations [2][5]. - In December 2025, the mine milled 21,389 tonnes at 86% of permitted daily mill capacity, with a gold grade of 4.94 g/t, resulting in the production of 3,215 ounces of gold [2][6]. - The average mill recovery rate was 94.6% in December, contributing to the production of 3,215 ounces of gold [3][6]. - For Q4 2025, the mine produced a total of 7,200 ounces of gold, sold at an average price of US$4,150 per ounce, generating total gold sales revenue of US$30 million [11][13]. Financial Overview - The company reported a total of 20,000 ounces of gold poured in FY 2025, with gross proceeds of US$73 million at an average sale price of US$3,650 per ounce [7][8]. - As of the end of the year, the company had CAD$46 million in cash and receivables [8]. Future Plans and Expectations - The company plans to continue mining predominantly from the high-grade 4447 area, expecting mill feed to average better than 6 g/t gold in the upcoming quarter [7]. - The company aims to ramp up production to reach sustained permitted capacity by mid-2026 and will release 2026 guidance during Q1 2026 [13]. - Future exploration efforts will focus on delineating new high-grade areas and completing a prefeasibility study for the Madsen-Rowan project [10]. Resource Estimates - The Madsen Mine currently hosts an indicated resource of 1.65 million ounces of gold at a grade of 7.4 g/t and an inferred resource of 0.37 million ounces at 6.3 g/t [16].
Pinnacle Provides Progress Update for El Potrero Gold-Silver Project
Thenewswire· 2026-01-13 13:30
Core Viewpoint - Pinnacle Silver and Gold Corp. is making significant progress at the El Potrero gold-silver project in Durango, Mexico, aiming to fast-track production amid high precious metal prices [1][2]. Group 1: Project Development - The El Potrero project features a low-sulphidation epithermal gold-silver system traced over 1,600 meters along strike and 500 meters in width, with many characteristics similar to significant mines in the Sierra Madre region [3]. - Extensive surface and underground mapping and sampling have been conducted, totaling 1,196 samples in 2025, which has defined additional veins and expanded the mineralizing system [4]. - The geological model has been confirmed, aiding in understanding grade distribution and exploration potential, which is crucial for future drilling and resource development [5]. Group 2: High-Grade Mineralization - El Potrero displays high-grade characteristics, with underground channel samples showing grades up to 85.1 g/t Au and 520 g/t Ag, while surface samples returned gold values up to 13.2 g/t and silver grades reaching 2,280 g/t [6][7]. - The project has potential economic-grade mineralization occurring in pockets, known as 'clavos' in Mexico, which will be further defined through drilling [5]. Group 3: Metallurgical Testing - Preliminary metallurgical tests indicate gold recoveries between 92.81% and 96.79%, averaging 95.09%, while silver recoveries are more variable, ranging from 41.41% to 73.53%, averaging 54.68% [8]. - Further optimization and mineralogical studies are required to improve silver recoveries [8]. Group 4: Infrastructure and Management - The processing plant on-site, capable of processing about 100 tonnes per day, requires new equipment and has undergone preliminary cost assessments for rebuilding [10]. - The company has strengthened its in-country management by hiring experienced professionals, enhancing technical success and community relations [11][12]. Group 5: Community Relations and Permitting - Pinnacle has engaged with local communities to establish positive relationships and formalize long-term access agreements, with strong support from the local community of Topia [13]. - The permitting environment in Mexico has improved, with ongoing discussions with relevant government agencies to secure necessary permits for project advancement [14][21]. Group 6: Upcoming Work and Catalysts - An underground definition drilling program is set to commence, focusing on known zones of gold-silver mineralization, with approximately 1,100 meters planned in about 50 holes [17][18]. - Surface drilling will follow once permits are secured, targeting gaps in the Dos de Mayo vein and exploring new veins [19]. - Continued metallurgical testing and optimization efforts are planned to enhance recovery rates [20].
Blue Lagoon Adds Second Underground Shift as Dome Mountain Moves Into Higher-Throughput Phase
Thenewswire· 2026-01-13 13:00
Core Viewpoint - Blue Lagoon Resources Inc. is enhancing its underground gold-mining operations at the Dome Mountain Gold Mine, aiming to meet production targets through increased shifts and improved operational efficiency [1][4]. Group 1: Production and Operations - The company has initiated a second underground production shift, which is expected to boost output across multiple mining faces due to the arrival of additional equipment [1]. - Shipments of mineralized material to the toll milling partner are ongoing, with volumes anticipated to double as mining rates increase [2]. - New mining faces are expected to come online by the end of the month, supporting a consistent production and delivery schedule [2]. Group 2: Operational Efficiency - The company has engaged mining consultant Tom Rannelli to optimize development and enhance underground productivity [3]. - Experienced underground specialists are being brought in to refine mine planning and execution, contributing to increased productivity [4]. Group 3: Company Background and Strategy - Blue Lagoon Resources is a Canadian-based mining company focused on growth, operating the Dome Mountain Gold Mine, which is 100% owned [5]. - The company achieved a significant milestone in February 2025 by obtaining a full mining permit, allowing it to commence underground mining operations [6]. - Plans are in place to reinvest internally generated cash flow into exploration to expand the resource base [6]. Group 4: Commitment to Sustainability - The company emphasizes sustainability, community engagement, and First Nation collaboration, aiming to be a profitable gold producer while creating lasting value for stakeholders [7].
Gamma Resources Announces Filing of NI 43-101 Technical Report for the Mesa Arc Project in New Mexico and Outlines Phased Exploration Program
Thenewswire· 2026-01-13 12:30
Core Viewpoint - Gamma Resources Ltd. is advancing its Mesa Arc Project with the filing of an independent NI 43-101 Technical Report, which outlines a phased exploration program aimed at efficiently developing the asset and validating historical exploration results [1][5]. Technical Report Highlights - The Technical Report recommends a phased exploration program, pending necessary permits and regulatory approvals, to advance the Mesa Arc Project [1]. - The report was prepared by Hogrelius Geological Consultants and evaluates the project's geology, mineralization, historical exploration, and future potential [3]. - Historical exploration has confirmed uranium mineralization through over 900 drill holes by previous operators, providing a strong foundation for modern exploration [4]. - The targeted mineralized horizon is expected at depths of approximately 300 to 350 feet, allowing for cost-effective reverse-circulation drilling methods [4]. - The exploration strategy includes two phases: - Phase 1 involves validating historical drilling results with approximately 10 RC drill holes, with an estimated budget of US$300,000 [4]. - Phase 2 will include a passive seismic geophysical survey and follow-up drilling of approximately 20 holes, with an estimated budget of US$1.2 million [4]. Corporate Update - The company has amended the payment terms of its lease agreement with C Bar B Properties Corporation, deferring a payment of US$50,000 until April 14, 2026, and agreeing to pay US$300,000 at that time [6]. About the Mesa Arc Uranium Project - The Mesa Arc Project consists of 41 lode mining claims in northern New Mexico, recently expanded by 185 new federal claims, covering approximately 4,520 acres [8]. - Previous drilling has outlined a non-NI 43-101 historical estimate of 2.5–3.0 million lbs U₃O₈ [8]. About Uranium Industry - The U.S. uranium industry is experiencing strong tailwinds due to recent policy changes, including the designation of uranium as a critical mineral and federal initiatives to boost domestic uranium production [9][10]. - The uranium market is facing a structural supply-demand deficit, with spot prices recovering from US$63/lb to US$82.00/lb, driven by increased demand and reduced inventories [9]. - Nuclear energy is increasingly recognized as a reliable, carbon-free energy source, prompting investments in domestic fuel chains and advanced reactor technologies [9][10]. About Gamma Resources Ltd. - Gamma Resources Ltd. focuses on uranium exploration and development in the Mountain West region, with a portfolio that includes the Mesa Arc Project and the Green River Project in Utah [11]. - The company is positioned to benefit from favorable policy and market conditions in the U.S. nuclear landscape [11].