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Talon Metals and Westmoreland Mining Sign Land Agreement to Progress North Dakota Minerals Processing Facility
Newsfile· 2025-05-28 17:00
Core Viewpoint - Talon Metals Corp. has secured a site from Westmoreland Mining to develop the Beulah Minerals Processing Facility, aimed at processing critical minerals to reduce U.S. dependence on foreign sources, particularly China and Russia [1][3]. Group 1: Project Overview - The Beulah Minerals Processing Facility (BMPF) will be located on approximately 256 acres of the former Westmoreland coal mine site in Mercer County, North Dakota, and will include a 7-mile rail spur for transportation [3][10]. - The facility is expected to process high-grade nickel and copper ore sourced from the Tamarack mine in Minnesota and other North American locations, enhancing the efficiency of mineral extraction [5][9]. - The project is supported by a $114.8 million grant from the U.S. Department of Energy and an additional $2.47 million from the Defense Logistics Agency for innovative research [3][4]. Group 2: Economic and Employment Impact - The BMPF is projected to create up to 150 high-quality direct jobs and hundreds more during its construction phase, contributing to local economic growth [3][4]. - The project is seen as a significant step towards strengthening America's economic and national security by establishing a domestic supply chain for critical minerals [3][4]. Group 3: Strategic Importance - The BMPF represents a collaboration across energy, mining, and critical mineral industries, transforming a legacy coal mine into a hub for critical minerals processing [3][4]. - This initiative aligns with U.S. strategies to reduce reliance on foreign-sourced critical minerals and positions the country as a leader in critical mineral processing [4][9]. Group 4: Agreement Details - Talon has a three-year purchase option for the land, with an initial three-month due diligence period, allowing the company to secure the property at its discretion [10][11]. - Upon exercising the purchase option, Talon will pay Westmoreland $0.50 per metric ton of ore delivered to the BMPF, with a cap on the total purchase price set at $10 million [14][15].
Stillwater Critical Minerals Announces Participation in THE Mining Investment Event of the North in Quebec City
Newsfile· 2025-05-28 11:00
Company Overview - Stillwater Critical Minerals Corp. is a mineral exploration company focused on its flagship Stillwater West Ni-PGE-Cu-Co + Au project located in Montana's Stillwater mining district [4] - The company has strategic investments from Glencore plc and has added two renowned geologists to its team, positioning it well for advancing critical mineral supply [4] - Stillwater holds a 49% interest in the Drayton-Black Lake gold project and other critical mineral projects in Canada and Alaska [5] Project Highlights - The Stillwater West project is adjacent to Sibanye-Stillwater's operations and is emerging as a potential large-scale source of ten critical commodities including platinum, palladium, rhodium, gold, nickel, copper, cobalt, chromium, iridium, and ruthenium [2] - An expanded NI 43-101 mineral resource estimate released in January 2023 positions Stillwater West with the largest nickel-platinum group element resource in an active U.S. mining district [4] Upcoming Events - The company will participate in THE Mining Investment Event of the North in Quebec City from June 3rd to 5th, 2025, where management will meet with investors and industry professionals [1] - Investors are invited to schedule one-on-one meetings to discuss upcoming catalysts including government initiatives and planned exploration campaigns announced on March 26, 2025 [2]
CopAur Minerals Upsizes Private Placement Amid Strategic Interest
Newsfile· 2025-05-27 18:33
Core Viewpoint - CopAur Minerals Inc. has increased its non-brokered private placement from $400,000 to $600,000 due to significant interest from strategic investors, indicating confidence in the company's strategic direction and project pipeline [1][2]. Group 1: Private Placement Details - The offering will now consist of 6,000,000 units priced at $0.10 per unit, with each unit including one common share and one-half of a common share purchase warrant, exercisable at $0.15 for 18 months [1]. - An acceleration clause is included, allowing the expiry date of the warrants to be accelerated to 30 days if the company's shares trade at or above $0.20 for 10 consecutive trading days [3]. Group 2: Use of Proceeds and Strategic Focus - Proceeds from the private placement will be used for general working capital and to advance high-priority exploration initiatives, particularly the Kinsley Mountain Gold Project in Nevada, which has strong discovery potential [3]. - The company is positioned at an inflection point as it attracts new strategic capital and institutional interest, prompting investors to reassess their alignment with the company's long-term growth vision [4]. Group 3: Company Overview - CopAur is focused on developing projects in the mineral-rich mining regions of Nevada, with the Kinsley Mountain Gold Project being its flagship project, located 90 kilometers south of the Long Canyon mine [5].
Wealth Minerals and the Quechua Indigenous Community of Ollague Form Kuska Minerals Joint-venture to Develop the Kuska Project in the Salar De Ollague
Newsfile· 2025-05-27 12:30
Core Viewpoint - Wealth Minerals Ltd. has formed a joint venture, Kuska Minerals SpA, with the Quechua Indigenous Community of Ollagüe to develop the Kuska Project in the Salar de Ollagüe area, emphasizing community involvement and sustainable practices [1][6]. Company Structure and Ownership - Kuska Minerals is structured with 95% ownership held by Wealth Minerals and 5% by the Quechua Community, which includes preferential rights such as anti-dilution protection and the right to appoint one director to the board [2][3]. - The board of directors for Kuska Minerals includes five members, with Víctor Nina Huanca, the president of the Quechua Community, being one of the appointed directors [3]. Project Details - The Kuska Project spans over 10,200 hectares in the Salar de Ollagüe area and has undergone two exploration campaigns since Wealth began its development in 2019 [7]. - The project has an initial resource estimate of 741,000 tonnes of Lithium Carbonate Equivalent (LCE) with an average concentration of 175 mg/L, and inferred resources of 701,000 tonnes of LCE with an average grade of 185 mg/L [7]. - A preliminary economic assessment indicated an Internal Rate of Return (IRR) of 33% and a Net Present Value (NPV) of approximately US$1.65 billion for a project producing 20,000 tonnes of LCE per year over a 20-year mine life [7]. Future Steps and Community Involvement - The next steps for the Kuska Project include obtaining a Special Lithium Operating Contract (CEOL) and conducting an environmental impact assessment [4][5]. - The partnership is noted as a pioneering model for community involvement in mining projects in Chile, aligning with the National Lithium Strategy [5][7].
Murray Brook Minerals, Puma's Subsidiary, Closes $220,000 Private Placement
GlobeNewswire News Room· 2025-05-27 12:00
Core Viewpoint - Puma Exploration Inc. has successfully closed a non-brokered offering of flow-through common shares, raising C$220,000 to advance its Legacy Project, a copper and silver asset in Northern New Brunswick [1][2]. Group 1: Financial and Corporate Actions - Murray Brook Minerals Inc. closed an offering of 4,400,000 flow-through common shares at C$0.05 per share, resulting in gross proceeds of C$220,000 [1]. - Following the offering, Murray Brook Minerals has 28,044,165 common shares outstanding, with Puma holding approximately 84.3% of these shares [1]. - The proceeds will be allocated to advance the Legacy Project, including data compilation and exploration activities [2][18]. Group 2: Project Details - The Legacy Project consists of two claim blocks covering 10,100 hectares and is located less than 15 km from St-Quentin, New Brunswick [6]. - The project is underexplored but has high potential for discoveries, hosting high-grade copper-silver skarns similar to Osisko Metals' Gaspé Copper project [8]. - Historical drilling has indicated significant mineralization, with a notable drill hole returning 59.34 meters at 1.22% Cu [14]. Group 3: Strategic Direction - Puma's DEAR strategy focuses on acquiring strategic mineral properties with high discovery potential, allowing investors to gain exposure to various commodities while the company concentrates on gold assets [3]. - The Legacy Project is contiguous to the McKenzie Gold Project, enhancing the strategic value of Puma's portfolio in Northern New Brunswick [2][6]. - The company aims to utilize low-cost exploration techniques to identify new drill-ready targets and expand the existing Legacy Deposit [5][13].
Apex Finalizes Drilling Plans for Critical Minerals and Gold at Jersey-Emerald
Newsfile· 2025-05-27 10:30
Core Viewpoint - Apex Resources Inc. is advancing its drilling plans for critical minerals and gold at the Jersey-Emerald Property, with an initial program of seven holes targeting minerals on Canada's Critical Minerals List [1][2]. Group 1: Drilling Plans and Targets - The drilling program will consist of approximately 955 meters, with the first two holes focused on zinc mineralization (including germanium and gallium), while the remaining five holes will target two zones of gold mineralization associated with bismuth, tellurium, tungsten, and molybdenum [1][2]. - Four of the seven drill holes are situated on the company's private land, facilitating the permitting process, and road access is available to most proposed sites [3]. Group 2: Potential and Historical Context - The Jersey-Emerald Property is noted for its potential to host additional deposits, with five gold and six tungsten zones identified, located near key transportation routes and historical mining sites [4][7]. - Historical drilling has revealed significant gold values, including 24.98 grams per tonne (g/T) over 10.2 meters in a previous drill hole [4]. Group 3: Other Projects and Strategic Location - Apex's flagship project, the Lithium Creek Project, is strategically located near Reno, Nevada, within proximity to major players in the lithium-ion battery supply chain, including the Tesla Gigafactory [6]. - The Lithium Creek Project encompasses extensive placer claims and naturally flowing lithium brine groundwater, indicating strong potential for lithium extraction [6].
Pure Energy Minerals Announces New Director
Newsfile· 2025-05-24 01:18
Core Insights - Pure Energy Minerals Limited has appointed Mr. Cam Hosie to its board of directors, bringing significant experience in energy transition and sustainable solutions [1][2] - Mr. Hosie is a Senior Vice President at SLB, where he leads commercial and business development for the New Energy platform, focusing on technologies such as carbon capture and hydrogen [1] - The company has a consolidated land position at its Clayton Valley Project in Nevada, aimed at lithium resource exploration and development [3] Company Developments - The appointment of Mr. Cam Hosie is expected to enhance the company's leadership in energy transition [2] - Mr. Patrick Galletti has resigned from the board, and the company expressed gratitude for his contributions [2] - Pure Energy has an Earn-In Agreement with Schlumberger Technology Corp., allowing SLB to acquire interests in the Clayton Valley Project [3]
Canadian Critical Minerals Updates Its Permit Application to Restart the Bull River Mine and Mill
Newsfile· 2025-05-23 23:34
Core Viewpoint - Canadian Critical Minerals Inc. is updating its permit application to restart the Bull River Mine project, aiming to combine project phases into a single application for more efficient operations [2][3][9] Company Updates - The company is modifying its application to restart the Bull River Mine by combining phases, which will allow simultaneous underground mining and milling operations if approved [3] - Consultants are engaged to complete the application, with Moose Mountain Technical Services providing a detailed underground mine plan expected by early August 2025 [4] - ALS Metallurgical Services is conducting humidity cell testing on tailings, which simulates expected metal leaching over time [4] - The final permit application is planned for submission to the Major Mines Permitting Office in Q1 2026 [4] Project Details - The initial phase involved processing a 180,000 tonne surface stockpile through a 700 tonne per day mill, while the second phase includes restarting underground mining and using filtered tailings as cemented backfill [5] - The company has sold approximately 7,900 tonnes of pre-concentrated mineralized material to New Afton under an Ore Purchase Agreement, with an additional 2,100 tonnes expected by August 2025 [6] - The remaining 170,000 tonnes of mineralized fines will serve as initial feed for the mill for about eight months post-restart [6] Financial Position - Revenues from the Ore Purchase Agreement have helped reduce payables and cover permit application costs without diluting shareholder equity [7] - The Bull River Mine project has over $100 million in usable infrastructure, connected to grid power and all-weather roads [7] - The mine is maintained in a dewatered condition with over 22,000 metres of underground workings accessible from the surface [7] Industry Context - The provincial government emphasizes the importance of new projects in the critical minerals sector, with the Bull River Mine being one of the most advanced non-producing mining projects in British Columbia [8][9]
Forte Minerals to raise up to C$2.7M for Peru drill programs
Proactiveinvestors NA· 2025-05-23 13:17
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
CopAur Minerals $400,000 Non-Brokered Private Placement
Newsfile· 2025-05-22 20:15
Vancouver, British Columbia--(Newsfile Corp. - May 22, 2025) - CopAur Minerals Inc. (TSXV: CPAU) (the "Company") a Metals Group company, is pleased to announce that it has arranged a non-brokered private placement financing for gross proceeds of $400,000.The offering will consist of 4,000,000 units at a price of $0.10 per unit. Each unit will comprise one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at a p ...