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Eastfield Resources Ltd. Considers Share Consolidation
Thenewswire· 2025-09-12 19:45
Core Viewpoint - Eastfield Resources Ltd. is seeking shareholder approval for a consolidation of its outstanding share capital at a ratio of up to 2:1, which may facilitate attracting additional equity financing [1][2][4]. Group 1: Consolidation Details - The Board of Directors will have the authority to consolidate shares at a ratio of up to 2:1, with the option to select a lower ratio if deemed appropriate [2]. - If approved, the number of shares will be reduced from approximately 61,561,585 to about 30,780,793 shares under the 2:1 ratio [9]. - The Board may implement the consolidation after the Annual General and Special Meeting, subject to TSX Venture Exchange acceptance [3]. Group 2: Rationale and Implications - The consolidation aims to provide flexibility for the Company to reduce outstanding shares, potentially making it easier to attract additional equity financing [4]. - There will be no change of name associated with the consolidation [5]. - The exercise or conversion price of outstanding convertible securities, stock options, and warrants will be proportionately adjusted based on the consolidation ratio [9]. Group 3: Stock Options - The Company has approved stock options for a consultant to purchase 300,000 common shares at $0.05 per share, with a five-year term and immediate vesting [6].
Providence Gold Mines Inc. Announces Financing Update on the La Dama de Oro Gold Property
Thenewswire· 2025-09-12 18:25
Core Viewpoint - Providence Gold Mines Inc. is initiating a non-brokered Unit Private Placement Financing of up to $250,000 through the issuance of 5,000,000 units, each consisting of one Common Share and one full Warrant, priced at $0.05 per Unit, subject to regulatory approval [1][2]. Financing Details - The Private Placement will involve a four-month plus one-day hold period for all securities issued, in accordance with applicable securities laws [2]. - The Company plans to utilize the net proceeds for regulatory fees, sampling, evaluation of underground mineralization at the La Dama De Oro property, and administrative expenses [3]. Property and Mineralization - The La Dama de Oro Property is located in the Silver Mountain Mining District, characterized by complex geology and significant structural features, including the La Dama de Oro Fault [5]. - The mineralization is classified as a low-sulfidation epithermal gold-silver vein system, with the largest known vein measuring 4.5 feet at its widest point and extending over 6,000 feet, indicating robust exploration potential [6]. Permits and Future Opportunities - All necessary permits for bulk sampling, water access, road access, and environmental plans have been approved, providing a foundation for potential future production at the La Dama de Oro mine [4][7]. - The Company is responding to regulatory requests for additional information regarding its NI 43-101 submission, which has been classified as a Fundamental Transaction [3].
Scandium Canada Announces Closing of Private Placements of $564,500
Thenewswire· 2025-09-12 18:10
Company Overview - Scandium Canada Ltd. aims to become a market leader in scandium production, focusing on the development and commercialization of aluminum-scandium (Al-Sc) alloys [5] - The company is leveraging its Crater Lake mining project to meet the increasing demand for lighter, greener, and high-performance materials [5] Private Placement Details - The company closed a non-brokered private placement, raising gross proceeds of $564,500 through the issuance of 22,580,000 units at a price of $0.025 per unit [1][2] - Each unit consists of one common share and one warrant, with each warrant allowing the purchase of one common share at an exercise price of $0.05 for 24 months [1] Use of Proceeds - The net proceeds from the offering will primarily be used for general corporate working capital purposes, with no specific use exceeding 10% of the gross proceeds [2] - No proceeds will be allocated for investor relations or payments to non-arm's length persons [2] Finder's Fees and Warrants - Finder's fees totaling $11,760 were paid to an arm's length finder, and 350,000 brokers' warrants were issued, allowing the acquisition of one common share at a price of $0.05 for 24 months [3] Regulatory Compliance - The securities issued are subject to a hold period of four months and one day under Canadian securities laws and require final approval from the TSX Venture Exchange [3]
Quantum Joins 47G Institute to Support Critical Mineral Initiatives
Thenewswire· 2025-09-12 13:00
Core Insights - Quantum Critical Metals Corp. has joined the 47G Institute to enhance North American critical materials supply chains in response to new U.S. defense sourcing regulations [1] - The partnership aligns with the U.S. law banning Chinese-sourced rare earth magnets in defense systems, effective January 1, 2027, prompting a shift in supply chain dynamics [1] - CEO Marcy Kiesman emphasizes the importance of collaboration and strategic partnerships to secure critical mineral resources for energy and security [1] Company Overview - Quantum Critical Metals Corp. is a Canadian mineral exploration company focused on advancing critical metals projects essential for next-generation technologies [2] - The company has a diverse portfolio, including projects in Québec and British Columbia, aimed at supporting a secure and sustainable critical metals supply for the West [2]
Allegiant Gold Ltd. to Commence Trading Under New Name of A2 Gold corp.
Thenewswire· 2025-09-12 13:00
Core Points - Allegiant Gold Ltd. has announced a name change to "A2 Gold Corp." effective September 16, 2025, with new ISIN and CUSIP numbers [1][2] - The company retains its existing ticker symbols "AUAU" on TSX-V and "AUXXF" on OTCQX, and no action is required from shareholders regarding the name change [2] Company Overview - Allegiant owns three gold projects in Nevada, a mining-friendly jurisdiction, with the Eastside project being the flagship, hosting a large and expanding gold resource [3] - Less than 20% of the Eastside property has been explored, indicating significant potential for increasing the existing inferred resource [3] - Preliminary metallurgical testing suggests that both oxide and sulphide gold mineralization at Eastside can be processed through heap leaching [3]
Arizona Gold & Silver Announces Closing Of Oversubscribed Non-Brokered Private Placement
Thenewswire· 2025-09-12 11:00
Core Points - Arizona Gold & Silver Inc. has successfully closed a non-brokered private placement, raising total gross proceeds of CDN$1,999,924.80 by issuing 6,666,416 units at a price of $0.30 per unit [1][3] - Each unit consists of one common share and one transferable common share purchase warrant, with each warrant exercisable at a price of $0.40 per share for three years [2] - The proceeds from the private placement will be utilized for further exploration of the Philadelphia Property in Mohave County and for general working capital purposes [3] Financial Details - The company paid finder's fees totaling $26,451 in cash, along with 266,667 shares and 26,667 common share purchase warrants, each warrant allowing the holder to acquire one common share at $0.40 for three years [4] - All securities issued are subject to a four-month hold period [5] Regulatory Information - The private placement and finder's fees are subject to the approval of regulatory authorities [4] - The securities have not been registered under the United States Securities Act of 1933 and cannot be offered or sold within the United States without registration or an applicable exemption [7][8]
Vanguard Mining Announces Intention to List Warrants on the Canadian Securities Exchange
Thenewswire· 2025-09-11 20:15
Core Viewpoint - Vanguard Mining Corp. is applying to list 6,414,816 common share purchase Warrants on the Canadian Securities Exchange, following a private placement that closed on August 1, 2025 [1][2]. Group 1: Warrant Details - Each Warrant allows the holder to acquire one common share at an exercise price of $0.22 per share before February 1, 2027, subject to accelerated expiry [2]. - The Warrants are expected to trade under the symbol UUU.WT and will be governed by a warrant indenture with Endeavor Trust Corporation [2]. Group 2: Listing Process - Further details regarding the warrant listing will be provided once a trading date and CUSIP are confirmed, along with the CSE's conditional approval [3]. - The listing is subject to CSE approval and may not occur as anticipated [3]. Group 3: Company Overview - Vanguard Mining Corp. is focused on the discovery and development of high-value strategic minerals, particularly uranium exploration projects in the United States and Paraguay [4]. - The company aims to identify and develop assets that are critical to the global energy transition, emphasizing responsible exploration and value creation [4].
Baru Gold Identifies Antimony in Resource Area
Thenewswire· 2025-09-11 16:50
         September 11, 2025 – TheNewswire - VANCOUVER, B.C. - Baru Gold Corp. (BARU: TSX.V | BARUF: OTCQB) (the “Company” or “Baru”) and its subsidiary PT. Tambang Mas Sangihe (“TMS” or the “Company”) are pleased to announce the identification of Antimony (Sb) within the Company’s Contract of Work Area.The Company is currently preparing for production operations. As part of this preparation, a Technical Review was completed to plan a resource exploration program. The Technical Review included a comprehensi ...
[Video Enhanced] NexMetals Metallurgy Results Create a Potentially Quicker and Cheaper Pathway to Production
Thenewswire· 2025-09-11 12:30
Core Viewpoint - NexMetals Mining has achieved a significant metallurgical breakthrough at its Selebi Mines in Botswana, allowing for the production of both copper and nickel concentrates, which may reduce capital expenditures and operational complexities [1][3][4]. Company Overview - NexMetals Mining owns two previously-producing copper-nickel-cobalt mines in Botswana, a Tier 1 mining jurisdiction [1]. - The Selebi Mines were operational from 1980 to 2016, producing 40 million tonnes of ore before being placed in Care & Maintenance due to low metal prices and smelter issues [2]. Metallurgical Breakthrough - The metallurgical program has created the option to produce saleable copper and nickel concentrates without the need for an on-site smelter, leading to significant reductions in capital expenditure and operational complexity [3][4][9]. - Initial recoveries show a copper concentrate with a grade of 27.6% and an 87% recovery rate, while nickel concentrate has a grade of 10.5% with a 55.9% recovery rate [7][8]. Economic Context - The demand for critical metals, particularly copper, has surged due to the green energy transformation, with copper prices increasing by 92% over the last five years, from USD $2.36/lb to $4.50/lb [11]. - Botswana's economy, traditionally reliant on diamond exports, is looking to diversify through copper production, which is seen as a key area for job creation and economic growth [16][17]. Future Prospects - The results from the metallurgical advancements will be incorporated into an updated mineral resource estimate, expected to show significant improvements over previous estimates [19]. - The company has received substantial investment, with a $46 million equity financing round, indicating strong institutional interest in its assets [12].
Beauce Gold Fields Drills Up To 5.2 G/T Gold In Axis of Antiform Confirmed Gold-Bearing Mineralization Along Saddle Reef Traced for 4 km Unexpected Discovery of Gold-Bearing Mineralized Fault Line
Thenewswire· 2025-09-11 12:00
Core Insights - Beauce Gold Fields has announced the results of its summer diamond drill program in Beauceville, Quebec, which included 13 holes totaling 970 meters [1][20] - The drilling program confirmed the presence of gold-bearing structures within the Saddle Reef, indicating strong exploration potential [2][20] Grondin Zone Highlights - Drilling at the Grondin Zone followed up on a 2024 IP survey, revealing a strong breccia and extensive stockworks with gold mineralization encountered in most 2023 drill holes [3][20] - Notable drill hole GR-25-02 intersected 2.0 g/t Au over 4.0 m, including 5.2 g/t Au over 0.5 m, with mineralization extending several hundred meters [4][20] - Drill hole GR-25-08 discovered a gold-mineralized fault line, returning significant values of 0.8 g/t Au over 9.5 m, with a higher-grade interval of 2.3 g/t Au over 1.0 m [7][20] Giroux Zone Highlights - Hole BE-25-01 tested an IP and soil anomaly, intersecting mainly grey shale, while other holes encountered mineralized lapilli tuffs with quartz veins [12][20] - Structural interpretation suggests a mega-antiform fold controlling gold mineralization, with evidence indicating historical placer gold contributions from eroded horizons [14][15][20] Future Exploration Plans - The company plans to apply for an expansion of its ATI Authorization to allow additional exploration work and further drilling [21][20] - Future work will include detailed mapping, geochemistry, and targeted geophysical surveys to refine drill targets [10][20] Company Overview - Beauce Gold Fields is focused on exploring and developing the largest placer gold district in eastern North America, aiming to trace old placer gold workings back to bedrock sources [23][20] - The company is currently drilling recently discovered antiform systems believed to have contributed to extensive auriferous placer deposits in Beauce [24][20]