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Casa Minerals Announces Closing of First Tranche of Private Placement
Newsfile· 2025-03-17 23:32
Core Viewpoint - Casa Minerals Inc. has successfully closed the first tranche of its non-brokered private placement, raising gross proceeds of up to $250,000 through the issuance of flow-through units at a price of $0.055 each [1][2]. Group 1: Private Placement Details - The first tranche consists of 4,545,455 flow-through units, each unit comprising one common share and one-half common share purchase warrant [2]. - Each full warrant is exercisable at a price of $0.075 until March 17, 2027 [2]. - The net proceeds from the offering will be allocated for exploration and development activities on the company's projects in British Columbia, Canada [2]. Group 2: Regulatory and Compliance Information - All flow-through shares and warrants are subject to a hold period of four months and one day, restricting resale or transfer in accordance with applicable securities laws [3]. - The completion of the private placement is contingent upon approval from the TSX Venture Exchange [3]. Group 3: Insider Participation - The tranche includes a subscription from Mr. Farshad Shirvani, President & CEO of Casa, who subscribed for the entire 4,545,455 flow-through units [4]. - This transaction is classified as a related party transaction and is relying on exemptions from formal valuation and minority shareholder approval requirements [4]. Group 4: Company Overview - Casa Minerals Inc. is engaged in the acquisition, exploration, and development of mineral properties in Canada and the USA [6]. - The company holds a 90% interest in the Congress gold mine located in Arizona, USA, and a 100% interest in the polymetallic Pitman property in British Columbia [6]. - Additionally, Casa has an option to acquire a 75% interest in the Arsenault VMS Property, also in British Columbia [6].
Canadian Critical Minerals Generates USD$185,000 in Revenue from Bull River Mine
Newsfile· 2025-03-13 23:42
Group 1 - Canadian Critical Minerals Inc. (CCMI) reported revenues from the sale of stockpiled copper, gold, and silver mineralized material at the Bull River Mine project, with provisional payments of approximately USD$185,000 for February 2025 shipments [1] - In February 2025, the company trucked 542 dry metric tonnes of sorted mineralized material to New Afton, with grades of 4.71% Cu, 0.78 g/t Au, and 47.8 g/t Ag [1][2] - A second sorting crew was introduced in February 2025, increasing the amount of material sent to New Afton compared to previous months [2] Group 2 - The company will not ship material to New Afton for the remainder of March 2025 due to spring road restrictions, which limit payload capacity [2] - During the road restrictions, the company plans to continue sorting high-grade pre-concentrate material at the mine and resume trucking in early to mid-April 2025 [2][3] - The president and CEO of CCMI expressed optimism that the duration of road restrictions in 2025 will be shorter than in 2024 [3] Group 3 - CCMI is primarily focused on copper production assets in Canada, with its main asset being the 100% owned Bull River Mine project [4] - The company also holds a 10% interest in XXIX Metal Corp., which owns the Thierry Mine copper project and the Opemiska Mine copper project [4]
Casa Minerals Announces Private Placement
Newsfile· 2025-03-13 21:00
Vancouver, British Columbia--(Newsfile Corp. - March 13, 2025) - Casa Minerals Inc. (TSXV: CASA) (OTC Pink: CASXF) (FSE: 0CM) (the "Company" or "Casa"), is pleased to announce a non-brokered private placement (the "Offering") of up to 10,909,091 flow-through units at a price of $0.055 per flow-through unit for gross proceeds of up to $600,000.Each flow-through unit will consist of one common share in the capital of the Company (each, a "Flow-through Share") and one-half common share purchase warrant (each ...
Ridgeline Minerals Announces Remaining 2024 Drill Results and Provides 2025 Budget Guidance for the Swift Project, Nevada
Newsfile· 2025-03-13 12:00
Ridgeline Minerals Announces Remaining 2024 Drill Results and Provides 2025 Budget Guidance for the Swift Project, NevadaMarch 13, 2025 8:00 AM EDT | Source: Ridgeline Minerals Corp.24.7 meters grading 0.5 g/t Au including 2.9 meters grading 1.9 g/t Au2025 Exploration Budget - US $5,000,000Vancouver, British Columbia--(Newsfile Corp. - March 13, 2025) - Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) ("Ridgeline" or the "Company") is pleased to announce final assay results for ...
Ridgeline Minerals Commences Drill Program at the Big Blue Porphyry Cu-Au Project, Nevada
Newsfile· 2025-03-11 12:00
Ridgeline Minerals Commences Drill Program at the Big Blue Porphyry Cu-Au Project, NevadaMarch 11, 2025 8:00 AM EDT | Source: Ridgeline Minerals Corp.Vancouver, British Columbia--(Newsfile Corp. - March 11, 2025) - Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) ("Ridgeline" or the "Company") is pleased to announce the commencement of the Company's diamond core drill program at the Big Blue ("Big Blue" or "Project") porphyry copper ("Cu") - gold ("Au") project in Elko County, N ...
Royal Road Minerals Reports Scout Drilling Results and Provides an Update on the Alouana Option Agreement: Kingdom of Morocco
Newsfile· 2025-03-10 12:30
Royal Road Minerals Reports Scout Drilling Results and Provides an Update on the Alouana Option Agreement: Kingdom of MoroccoMarch 10, 2025 8:30 AM EDT | Source: Royal Road Minerals LimitedToronto, Ontario--(Newsfile Corp. - March 10, 2025) - Royal Road Minerals Limited (TSXV: RYR) ("Royal Road" or the "Company") reports geochemical results from its 2000 meter reverse circulation scout drilling program at the Alouana project in Morocco. The Alouana project is subject to an Option Agreement (th ...
RT Minerals Corp. Highlights Growing Interest in the Case Batholith Region amid Increased Global Investments
Newsfile· 2025-03-06 14:00
RT Minerals Corp. Highlights Growing Interest in the Case Batholith Region amid Increased Global InvestmentsMarch 06, 2025 9:00 AM EST | Source: RT Minerals Corp.Vancouver, British Columbia--(Newsfile Corp. - March 6, 2025) - RT Minerals Corp. (TSXV: RTM) (OTC Pink: RTMFF) (the "Company" or "RTM") highlights the growing exploration and development activity in the Case Batholith region, a large intrusive geological formation spanning approximately 150 km by 60 km in northeastern Ontario. The Ca ...
Early Warning Regarding the Acquisition of Securities of Lafleur Minerals Inc.
Newsfile· 2025-03-05 18:08
Vancouver, British Columbia--(Newsfile Corp. - March 5, 2025) - Coloured Ties Capital Inc. (TSXV: TIE) (OTC Pink: APEOF) (FSE: 97A0) ("CTI" or the "Company") announces that on March 4, 2025 CTI acquired control and direction over 4,299,211 common shares (the "Common Shares") in the capital of LaFleur Minerals Inc. ("LaFleur") (CSE: LFLR) in a private transaction pursuant to a Share Purchase Agreement (the "SPA") entered into between CTI and an arm's length third party (the "Transaction").Pursuant to the SP ...
Canadian Critical Minerals Announces Increases of Indicated Metal of 11% for Copper and 17% for Gold at the Bull River Mine
Newsfile· 2025-03-04 22:02
Canadian Critical Minerals Announces Increases of Indicated Metal of 11% for Copper and 17% for Gold at the Bull River MineMarch 04, 2025 5:02 PM EST | Source: Canadian Critical Minerals Inc.Calgary, Alberta--(Newsfile Corp. - March 4, 2025) - Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") is pleased to announce a 10% increase in copper and a 15% increase in gold in a new Mineral Resource for the Bull River Mine, near Cranbrook, B.C. The Mineral Resource ...
Defense Metals Secures Funding from Natural Resource Canada's Critical Minerals Infrastructure Fund for its Wicheeda Rare Earth Element Project
Prnewswire· 2025-03-03 18:00
VANCOUVER, BC, March 3, 2025 /PRNewswire/ - Defense Metals Corp. ("Defense Metals" or the "Company"; (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased to announce that it has been named as a recipient for funding of up to C$853,825 from Natural Resources Canada's (NRCan) Critical Minerals Infrastructure Fund (CMIF) to support the advancement of infrastructure for its Wicheeda Rare Earth Element (REE) deposit, located northeast of Prince George, British Columbia.Highlights: Conditional funding approval for u ...