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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
Core Viewpoint - Vanguard Mining Corp. has successfully completed the acquisition of 100% of Nucleon Uranium Ltd., enhancing its position in the uranium sector and expanding its exploration capabilities in the Athabasca Basin, a premier uranium district globally [1][3]. Company Overview - Vanguard Mining Corp. is a Canadian mineral exploration company focused on discovering and developing high-value strategic minerals, particularly in uranium exploration projects in the United States and Paraguay [8]. Acquisition Details - The acquisition involved the issuance of 7,000,000 common shares to Nucleon shareholders and cash payments totaling C$200,000 [3]. - The shares issued as part of the acquisition are subject to a resale restriction for four months and one day from the issuance date [4]. - The acquisition was based on arms' length negotiations and precedent transaction analysis, ensuring fair valuation [5]. Nucleon Uranium Overview - Nucleon holds seven exploration stage mineral claims covering 23,424.90 hectares in Saskatchewan, located in the Athabasca Basin, known for its high-grade uranium deposits [2]. - As of the announcement, no significant exploration has been conducted on Nucleon's mineral claims [2]. Vendor Information - The vendors of the Nucleon claims staked the claims in May 2025 and possess significant expertise in the Athabasca Basin, having completed multiple mineral claim transactions [6]. - The initial costs incurred by Nucleon for acquiring the claims were approximately $230,000, excluding soft costs related to labor and expertise [6].
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].
Baru Gold Announces Addition to the Board and Grants Options
Thenewswire· 2025-11-17 14:00
Core Insights - Baru Gold Corp. has appointed Matthew Charles Farmer to its Board of Directors, bringing over 30 years of experience in exploration and mining across multiple regions [1][2] Company Overview - Baru Gold Corporation is a junior gold developer with NI 43-101 gold resources in Indonesia, aiming to become one of the country's next gold producers [12] Leadership Experience - Mr. Farmer has held senior roles in major mining companies such as Newmont, BP Minerals, and PanAust, recognized for his operational discipline and project advancement capabilities [2][3] - His extensive experience in Indonesia includes leading exploration projects and managing significant budgets, contributing to the discovery of high-grade resources [4][5] Contributions to Mining Projects - Mr. Farmer has been involved in the development of world-class deposits, including Batu Hijau and the Nui Phao polymetallic deposit, showcasing his expertise in the full exploration life cycle [3][5] - He has successfully led exploration teams and secured joint ventures, enhancing the operational capabilities of the companies he has worked with [4][6] Stock Options - The company has granted 300,000 stock options to Mr. Farmer and an additional 950,000 stock options to other directors and employees, with an exercise price of $0.06 for a period of two years [10] - An officer of the company has also been granted 1,800,000 stock options at an exercise price of $0.075 for the same duration [11]
Hybrid Power Solutions Announces Strategic MOU with CarboMat for Low-Cost Sustainable Anodes in Lithium-Ion Batteries
Thenewswire· 2025-11-17 13:35
Core Insights - Hybrid Power Solutions Inc. has signed a Memorandum of Understanding (MOU) with CarboMat Inc. to develop low-cost, sustainable anode materials for lithium-ion batteries optimized for Hybrid's Terra microgrid systems [1][2][3] Company Overview - Hybrid Power Solutions specializes in portable power systems aimed at eliminating fossil fuel reliance in off-grid and remote applications, focusing on environmental responsibility and technological innovation [5] - CarboMat Inc. is an advanced carbon materials company that produces low-cost sustainable materials, including battery-grade anode materials derived from industrial by-products [4] Collaboration Details - The partnership will utilize CarboMat's proprietary battery anode material (BAM) technology, which can reduce production costs by up to 40% compared to traditional methods [2] - The collaboration aims to enhance energy density, cycle life, and charging speed for applications in construction, mining, rail, and marine sectors [2][3] Strategic Goals - The MOU is expected to establish a robust graphite supply chain in Canada, reducing reliance on imported graphite, over 80% of which currently comes from China [3] - The first commercial Terra units featuring CarboMat's graphite in lithium-ion cells are targeted for release in Q3–Q4 2027, with joint go-to-market pilots planned from Q2 to Q4 2026 [3]
Scandium Canada announces the sale of its La Ronciere gold project to Barrick
Thenewswire· 2025-11-17 13:10
Core Viewpoint - Scandium Canada Ltd. has entered into a definitive agreement to sell its La Roncière gold project to Barrick Mining Corporation for a total consideration of up to C$590,000 in cash, which is seen as a strategic milestone for the company [1][2][3]. Financial Details - The agreement includes an initial payment of C$390,000, with an additional payment of up to C$200,000 contingent upon Barrick publishing a pre-feasibility study demonstrating a specified minimum gold content [2]. Strategic Focus - The transaction allows Scandium Canada to generate non-dilutive financing while concentrating on the development of its flagship Crater Lake project, which is currently in the pre-feasibility stage [3][4]. - The divestiture of the La Roncière project is part of a rigorous management approach aimed at creating long-term value for shareholders [3]. Project Location and Accessibility - The La Roncière gold project is located approximately 35 kilometers east of Desmaraisville, Quebec, and is accessible via Route 113, covering a total area of 25.1 km² with 45 contiguous mining claims [3]. Market Context - Scandium Canada capitalized on the favorable context of record-high gold prices to execute this transaction while consolidating its position on the Crater Lake project [4]. Company Overview - Scandium Canada aims to become a leader in the scandium market by developing the world's largest primary source of scandium and focusing on aluminum-scandium (Al-Sc) alloys to meet growing demand for sustainable materials [5].
Armory Mining Engages Plutus Invest & Consulting GmbH
Thenewswire· 2025-11-17 13:00
Core Viewpoint - Armory Mining Corp. has entered into a marketing agreement with Plutus Invest and Consulting GmbH to enhance corporate awareness in Europe through marketing and communications services from November 17, 2025, to May 16, 2026 [1][2]. Group 1: Marketing Agreement Details - The initial fee for the marketing services is set at €100,000, with a potential additional fee of up to €250,000 if the campaign is extended [2]. - No securities will be issued to Plutus as compensation for the media services [2]. - The agreement was negotiated at arm's length and is subject to certain conditions, including the submission of required forms to the Canadian Securities Exchange (CSE) [3]. Group 2: Company Overview - Armory Mining Corp. is focused on the exploration of minerals critical to the energy, security, and defense sectors [4]. - The company holds an 80% interest in the Candela II lithium brine project in Argentina and a 100% interest in the Riley Creek antimony-gold project in British Columbia, along with an option for a 100% interest in the Ammo antimony-gold project in Nova Scotia [4].