Company Strategy and Focus - The company is repositioning itself as a tungsten-focused player, with its high-grade Fox tungsten project being the centerpiece of its strategy [2] - The Fox project is located in a stable jurisdiction (British Columbia, Canada) and is considered highly significant due to the strategic importance and limited supply of tungsten [3] - The company aims to expand the Fox resource from 1 million tons to 3-5 million tons at 1% WO3 through a 100-hole, 10,000-meter drill program set to begin in mid-2025 [6] - The company is seeking funding from the US Department of Defense for critical minerals projects, following the example of Fireweed Metals, which secured $18.5 million from the same source [7][8] Resource and Project Details - The Fox project has a 2018 resource estimate of 582,400 tons at 0.83% WO3 (indicated) and 565,400 tons at 1.23% WO3 (inferred) [4] - The resource estimate covers only a small part of the project, with a 10 km by 5 km mineralized trend identified through geological mapping and previous drilling [5] - The company believes that expanding the resource to 3-5 million tons would make the Fox project a viable deposit [7] Asset Management and Transactions - The company sold its Highland Valley copper project for $300,000 in cash and 9.9% equity in Metal Energy, with potential to increase its stake to 20% over four years and retain a 2.5% net smelter return royalty [11][12] - The company is seeking strategic alternatives for its other assets, such as the Silverboss molybdenum-copper-gold-silver project, to retain exposure to their upside through option agreements, joint ventures, or sales [10][13] - The company has raised approximately $500,000 in cash through non-dilutive means, positioning it well to execute its strategy [14] Industry Context - Tungsten is a critical mineral with high demand in military, clean energy, and advanced manufacturing sectors due to its high melting point and density [3] - The company's focus on tungsten aligns with the strategic importance of critical minerals, particularly in stable jurisdictions like Canada [3]

Not for dissemination in the United States or through U.S. newswiresAll dollars are Canadian unless otherwise notedVancouver, British Columbia--(Newsfile Corp. - January 22, 2025) - Ridgeline Minerals Corp. ("Ridgeline" or the "Company") (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) is pleased to announce a non-brokered private placement (the "Private Placement") to raise gross proceeds of up to $3,500,000 through the sale of up to 23,333,333 units ("the Units") at the price of $0.15 per Unit. Each Unit consists ...

Formation Minerals, Inc. Announces Entry Into $1,000,000 Common Stock Purchase Agreement and Corporate Update Jacksboro, TX, January 21, 2025 – PRISM MediaWire – Formation Minerals, Inc. “Formation” or the “Company”) (OTCQB: FOMI), a pure play oil and gas company based in Jacksboro, Texas, engaged in the acquisition and management of mineral and royalty interests in lower risk, onshore oil and gas properties within the major oil and gas plays in the United States, today announced that on January 14, 2025, ...

Halifax, Nova Scotia--(Newsfile Corp. - January 21, 2025) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company"), is pleased to announce that the Company has been awarded $500,000 in partnership with Ontario's Critical Minerals Innovation Fund (the "Fund"). The non-dilutive funding contribution is for the advancement of the Continuous Improvement Process at the Company's RapidSXTM Commercial Demonstration Facility in Kingston, Ontario. "Investing in critical mineral advancements, li ...

Stillwater Announces Flow-Through Private Placement for the Kluane Critical Minerals Project in Yukon, Canada ...

Ridgeline Minerals Expands Copper-Gold Porphyry Targets with Infill IP Survey at the Big Blue Project, NevadaJanuary 20, 2025 8:00 AM EST | Source: Ridgeline Minerals Corp.Vancouver, British Columbia--(Newsfile Corp. - January 20, 2025) - Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) ("Ridgeline" or the "Company") is pleased to announce the results of its Phase II, induced polarization ("IP") geophysical survey at the Big Blue ("Big Blue") porphyry copper ("Cu") - gold ("Au") ...

Auranova Announces Drilling Permit, Option Payment and Entering into an Investor Rights Agreement with Kenorland Minerals North America Ltd.January 20, 2025 7:00 AM EST | Source: Auranova Resources Inc.Vancouver, British Columbia--(Newsfile Corp. - January 20, 2025) - Auranova Resources Inc. (the "Company") is pleased to announce that, further to its press release of December 2, 2024, an exploration permit (the "Drilling Permit") has been granted by the Ontario Ministry of Mines on the South U ...

Vancouver, British Columbia--(Newsfile Corp. - January 16, 2025) - Silver Viper Minerals Corp. (TSXV: VIPR) (OTCQB: VIPRF) would like to cordially invite you to visit us at Booth #329 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Sunday January 19 - Monday January 20, 2025. The Vancouver Resource Investment Conference 2025 will feature over 120 expert speakers, including globally respected economists, legendary mo ...

Forte Minerals Corp (CSE:CUAU, OTCQB:FOMNF) is walking an exciting path in copper-gold exploration with a focus on prolific mineralized districts in Peru, a country known for rich deposits that attract exploration and mining companies from around the world.  The company was formed through the spinout of gold and copper-molybdenum assets originally worked on by Globetrotters Resource Group, which put in over a decade of strategic groundwork to piece together a prospective resource pipeline for major and mid- ...

TORONTO, Jan. 15, 2025 /PRNewswire/ - Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQX: CNIKF) is pleased to announce that it has been awarded $500,000 from the Government of Ontario's Critical Minerals Innovation Fund ("CMIF") to support the development of its nickel processing facility ("the Project") through its wholly owned subsidiary, NetZero Metals Inc. This commitment reinforces Ontario's commitment to building a sustainable and reliable battery metal supply chain whil ...