Thenewswire
Search documents
Laurion Announces Closing Of Private Placement Of Flow-Through Units
Thenewswire· 2025-12-22 22:00
Core Viewpoint - LAURION Mineral Exploration Inc. has successfully closed a non-brokered private placement, raising a total of $1,524,313 through the issuance of flow-through units to fund its exploration activities on the Ishkõday property [1][3]. Group 1: Private Placement Details - The private placement involved the issuance of 4,619,130 flow-through units at a price of $0.33 per unit, resulting in gross proceeds of $1,524,313 [1][2]. - Each flow-through unit consists of one common share and one-half of a common share purchase warrant, with each warrant allowing the purchase of one non flow-through common share at $0.39 for 24 months [2]. - The proceeds will be allocated to Canadian exploration expenses, qualifying as flow-through mining expenditures, to support the 2026 drill program on the Ishkõday property [3]. Group 2: Exploration Focus - The drilling program will target key areas within the A-Zone/McLeod and CRK Trend, as well as the historic Sturgeon River Mine area, based on structural characteristics and past drill results [3]. - The company aims to advance its understanding of the broader mineralized system through this exploration [3]. Group 3: Company Overview - LAURION is a mid-stage junior mineral exploration and development company, focusing on its flagship 57 km² Ishkõday Project, which features gold-rich polymetallic mineralization [6][7]. - The company has 278,716,413 outstanding shares, with approximately 73.6% owned by insiders eligible under "Friends and Family" categories [6]. - Maximizing shareholder value remains a priority, with the company positioned as a potential acquisition target due to its advancements in mineral exploration [8].
Westward Gold Announces Additional Drilling Results & Completion of Field Activities at the Campfire Target Complex, Toiyabe Hills Property, Nevada
Thenewswire· 2025-12-22 21:00
Core Insights - Westward Gold Inc. has successfully completed its Phase I drilling campaign at the Campfire Target Complex, confirming a new Carlin-type gold zone that remains open in all directions and at depth [1][2][4] Drilling Campaign Overview - The Phase I drilling campaign totaled 7,163 meters across 11 holes, exceeding the initial goal of 5,000 meters by 43% [2] - 57% of the drilling was conducted in favorable lower-plate carbonate rocks, specifically the Wenban and Roberts Mountains Formations, encountered at shallower depths than expected [2] - The campaign demonstrated significant drilling depths, with hole CF25-10 reaching 3,005 feet (915.9 meters) at a cost of approximately US$230 per meter (US$70 per foot) [2] Key Drilling Results - Notable results from drillhole CF25-07 included an intersection of 3.1 meters of 0.80 g Au/t, serving as a significant vectoring tool for the hydrothermal system [1][6] - Elevated gold and trace elements such as arsenic, antimony, and mercury were consistently found across the drilling, indicating a robust mineralization system [2][4] - Holes CF25-05 and CF25-06 encountered structural complexities and challenging drilling conditions, suggesting potential for follow-up diamond drilling in 2026 [4][5] Geological Insights - The drilling revealed extensive decalcification and sulfidized igneous dikes across all tested holes, characteristic of Carlin-type gold systems [2][4] - CF25-07 provided the best examples of hornfels and thermal alteration observed at the property, indicating a strong geological setting for gold mineralization [6] Future Plans - Early-stage target definition for a Phase II drilling program is already underway, with plans to refine targets as additional data is evaluated over the winter months [1][4]
Windfall Demonstrates the Power of Digital Exploration with the Identification of Significant Zinc Targets for Tomagold in June 2024
Thenewswire· 2025-12-22 15:30
Core Insights - Windfall Geotek Inc. has identified 11 high-priority zinc targets in the Chibougamau mining camp region of Québec for Tomagold, utilizing its AI-driven mineral exploration technology [1][2] - The AI System analyzed over 112,704 historical assays and evaluated approximately 505,755 cells, reducing the exploration search area by 98-99%, which significantly lowers exploration time and costs [2][5] - Tomagold has initiated field investigations and drilling campaigns based on AI-generated targets, with ongoing fieldwork expected to continue on additional targets [3][4] Company Overview - Windfall Geotek is a leader in AI-driven mineral exploration, leveraging historical geological data and advanced algorithms to enhance exploration efforts [5][6] - The company aims to validate selected AI-generated targets to demonstrate the effectiveness and reliability of its AI system [6][7] - Windfall's multidisciplinary team includes geophysicists, geologists, AI specialists, and mathematicians, expanding its expertise into various applications beyond mineral exploration [6][7]
Ecolomondo Secures Feedstock Supply for its Shamrock Texas TDP Project
Thenewswire· 2025-12-22 14:30
Core Viewpoint - Ecolomondo Corporation has secured sufficient feedstock for its upcoming Thermal Decomposition Process (TDP) facility in Shamrock, Texas, which is expected to be three times the size of its existing facility in Hawkesbury, Canada [1][2][3]. Group 1: Facility Development - The Shamrock TDP facility will utilize modular technology, allowing for lower capital expenditures, shorter lead times, and reduced risk compared to traditional construction methods [4]. - The Texas TDP project is anticipated to become one of the largest scrap tire pyrolysis facilities in North America, reflecting the company's growth and achievement of key milestones [5]. Group 2: Feedstock and Revenue Streams - Ecolomondo has executed multiple letters of intent with tire retailers and municipalities, confirming committed volumes of end-of-life tires to support operations in Shamrock [3]. - Revenue streams from the TDP facilities include the sale of end-products such as recovered carbon black (rCB), oil, steel, and syngas, as well as tipping fees for tire disposal [6]. Group 3: Environmental Impact - The TDP process is designed to significantly reduce greenhouse gas emissions, with the Hawkesbury facility expected to reduce CO2 emissions by 22,400 tons per year and the Shamrock facility projected to reduce emissions by 67,200 tons per year [11].
Lithium Chile Executes the Formal Agreement for the Sale of its Argentine, Arizaro Project
Thenewswire· 2025-12-22 13:05
Core Viewpoint - Lithium Chile Inc. has entered into a definitive share purchase agreement with China Union Holdings Ltd. for the sale of its Argentine subsidiary, Argentum Lithium S.A., marking a significant milestone for the company and allowing for the return of capital to shareholders while focusing on its Chilean portfolio [1][2]. Transaction Highlights - The transaction involves the sale of 100% of the shares in Argentum, which holds interests in the Arizaro salar lithium project in Salta Province, Argentina [3]. - The purchase price is set at USD $175,000,000, with 92.5% payable at closing and 7.5% held in escrow for 18 months to secure post-closing indemnity obligations [3]. - A guarantee deposit of USD $5,000,000 will be funded by the purchaser into an escrow account to secure payment obligations [3]. Closing Conditions - The transaction is subject to several conditions, including the acquisition of an additional 17.8% equity interest in ARLI S.A. by Argentum, increasing its ownership to 80% [3]. - Other conditions include the divestiture of the Block 4 property by SALTA LITIO S.A., receipt of governmental and regulatory approvals, acceptance by the TSX Venture Exchange, and any required shareholder approvals [3]. Termination Fees and Closing Timeline - The definitive agreement includes a termination fee of USD $17,500,000 payable by either party under specified circumstances [3]. - Closing is expected to occur on the fifth business day following the satisfaction or waiver of all conditions, with a maximum deadline of 180 days from the agreement date unless extended [3]. Next Steps - Both parties will work diligently to meet the closing conditions, and Lithium Chile will provide further disclosures as necessary [5]. Company Overview - Lithium Chile Inc. is an exploration company with a portfolio of 11 properties covering 106,136 hectares in Chile and 29,245 hectares in Argentina, including the Arizaro project [6]. - The company has advanced the Arizaro project with a completed NI 43-101 compliant Resource Report, Preliminary Economic Assessment, and Prefeasibility Study [6].
Mithril Silver & Gold Builds Momentum at Copalquin with Third Drill Mobilization and Expanded 2026 Exploration Program
Thenewswire· 2025-12-22 12:30
Core Viewpoint - Mithril Silver and Gold Limited is advancing its exploration efforts at the Copalquin District gold-silver project in Mexico, with significant drilling activities planned for 2026, including the mobilization of a third drill rig and a focus on expanding known mineralized zones [1][8]. Drilling Update - Drilling at Target 3 will begin in January 2026, with an initial phase of 3,300 meters planned near historic workings that showed promising channel sampling results of up to 0.65 m @ 16 g/t gold and 1,275 g/t silver [2]. - Target 1 drilling has produced a predictive model for a new resource estimation in 2026, with further drilling of approximately 3,000 meters planned [3]. - The maiden drill program at Target 5 has yielded excellent results, including 2.75 m @ 2.28 g/t gold and 500 g/t silver, with additional drilling planned to test further along strike [4]. Assay Update - The company is experiencing delays at its external assay laboratory, with final results pending for about 20 drill holes, and additional holes dispatched recently [5]. Regional Exploration - LiDAR surveying has been completed at the newly acquired La Dura concession area, with analysis expected in early 2026. An aerial magnetic survey is scheduled for January 2026 to refine structural interpretations and identify new targets [6]. Year-End Reflection - The company has made significant exploration progress in 2025, reinforcing the potential of the Copalquin District as a high-grade gold-silver system, with multiple targets advancing in parallel [7]. 2026 Outlook - Mithril plans an aggressive exploration program in 2026, targeting 25,000 meters of drilling and focusing on expanding known mineralized zones and testing new high-priority targets [8].
CHARBONE Delivers its First Load of Clean UHP Hydrogen in Ontario
Thenewswire· 2025-12-22 12:25
Core Insights - CHARBONE CORPORATION has successfully delivered its first load of clean Ultra High Purity (UHP) hydrogen to an independent distributor in Ontario, marking the official start of revenue generation for its production division [1][2]. Group 1: Company Developments - The initial shipment of clean UHP hydrogen produced in Sorel-Tracy confirms CHARBONE's capability to supply markets outside Quebec from the beginning of its commercial launch [2][3]. - This contract signifies the start of a new phase of commercial growth for CHARBONE, which aims to expand its distribution network and enhance its presence in key industrial corridors of Eastern Canada and the American Midwest [3]. - CHARBONE is focused on developing a network of clean hydrogen production facilities across North America, starting with its flagship project in Sorel-Tracy, Quebec [5]. Group 2: Market Position and Strategy - The company is addressing the limited access to consistent and reliable clean UHP hydrogen supply in the North American market, driven by strong demand for its products [3]. - CHARBONE's integrated model reduces risk and enhances scalability, allowing for diversified revenue streams through partnerships in helium and other specialty gases [5]. - The company is committed to supporting the global transition to a lower-carbon economy by providing accessible, decentralized clean hydrogen and specialty gas solutions [5].
Total Metals options High Grade Menary Gold Project with Historic Results up to 8,120 g/t Au; Highlights Strategic Position Surrounded by Coeur Mining in the Rainy River District
Thenewswire· 2025-12-22 11:35
Core Viewpoint - Total Metals Corp. has entered into an Option Agreement to acquire 100% interest in the Menary Gold Project, which is strategically located near the Rainy River claims recently acquired by Coeur Mining for approximately US$7 billion, indicating the project's potential value in a prominent mining district [1][10]. Financial Terms - The acquisition involves total payments of $1,010,000 in cash and $1,010,000 in common shares over four years, with an initial payment of $210,000 in cash and shares due within five days of TSX Venture Exchange acceptance [4][5]. - Subsequent payments of $200,000 in cash and shares are scheduled for each of the first four anniversaries of the agreement [5]. Property Description - The Menary Property consists of 27 mining claims and 1 mining lease, covering an area of 276.5 hectares, and is accessible year-round [6]. - The property is located approximately 65 km northwest of Fort Frances and borders the Rainy River Mine, enhancing its strategic significance [6]. Exploration Results - Historical exploration has confirmed the presence of high-grade gold, with grab samples exceeding 8,000 grams per tonne and significant drill intercepts, such as 16.99 g/t Au over 6.3 meters [4][6]. - The Galbraith "A" Shear Zone has shown exceptional high-grade results, including grab samples of 8,120 g/t Au, 1,885 g/t Au, and 1,400 g/t Au [6][7]. Geological Context - The Menary Property is situated in the Rainy River greenstone belt, with mineralization associated with sheared mafic metavolcanics and quartz-feldspar porphyry dykes [9]. - Preliminary metallurgical work indicates that the gold and silver can be recovered through gravity separation, suggesting favorable processing characteristics [9]. Strategic Importance - The acquisition of the Menary Gold Project is positioned within a district that is gaining attention due to recent consolidation activities, particularly Coeur Mining's acquisition of New Gold, which underscores the long-term mining potential of the area [10][11].
Inflection Resources to Drill Six Copper-Gold Targets in New South Wales, Australia
Thenewswire· 2025-12-22 11:30
Core Viewpoint - Inflection Resources Ltd. plans to drill approximately twenty holes to explore six standalone copper-gold targets in northern New South Wales, which have not been previously drilled. These targets are independently owned and not part of any existing agreements with AngloGold Ashanti Australia Limited [1][2]. Exploration Strategy - The company aims to test high-impact systems with significant discovery potential through these 100% owned targets, which exhibit compelling geophysical signatures [2]. - The targets are located near existing mining operations, specifically 35 kilometers northeast of the Tritton mine and 15 kilometers northeast of the Constellation copper deposit [2]. Target Details - The identified targets include Bugwah, Colossal, and Boorara, which are associated with intrusion-related gold and replacement copper-gold systems [2]. - Each target shows complex structural patterns in regional aeromagnetic data, indicating potential zones of fluid up-flow that could lead to mineralization [3][4]. Drilling Methodology - The drilling will utilize air core drilling, a cost-effective and efficient method that allows for rapid testing of large areas [8][9]. - Approximately twenty air core drill holes will be drilled to depths of around 100 meters to collect data on lithology, mineralization, and geochemistry [12][13]. Next Steps - The company has initiated discussions for land access and permitting for the drilling programs, with drilling expected to commence in early 2026 [12][13]. - The data collected will be analyzed to provide valuable insights for potential deeper drilling [12]. Stock Options - Inflection Resources has granted 4,000,000 incentive stock options to various stakeholders, exercisable at a price of $0.30 for a five-year term, pending acceptance by the Canadian Securities Exchange [14].
Armory Mining Engages Castello Q Exploration for Ammo Antimony-Gold Work Program
Thenewswire· 2025-12-22 08:05
Core Viewpoint - Armory Mining Corp. has engaged Castello Q Exploration Corp to initiate a phase one work program at its Ammo Antimony-Gold project in Nova Scotia, Canada, focusing on minerals critical to energy, security, and defense sectors [1]. Group 1: Project Overview - The Ammo project encompasses a 3,092-hectare exploration area that is contiguous to the historical West Gore antimony-gold mine, which produced significant amounts of antimony and gold prior to World War I [2]. - Historical production records from West Gore indicate nearly 32,000 metric tons of output between 1914-1917, yielding over 7,000 metric tons of antimony concentrate with a grade of 46% and a total of 6,861 ounces of gold recovered by 1917 [3]. Group 2: Exploration Program - The initial phase one exploration program will include data compilation, prospecting, reconnaissance, detailed surface sampling, and geophysics to identify favorable geology and prioritize drill targets [5]. - The company has allocated a budget of up to $656,000 CAD for this initial phase of exploration [5]. Group 3: Company Background - Armory Mining Corp. is a Canadian exploration company focused on minerals essential for the energy, security, and defense sectors, holding a 100% interest in both the Ammo antimony-gold project and the Riley Creek antimony-gold project in British Columbia [8].