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Royal Road Minerals Announces Non-Brokered Private Placement Offering
Newsfile· 2025-11-03 12:00
Core Points - Royal Road Minerals Limited announced a non-brokered private placement offering of up to 27,777,778 ordinary shares at a price of C$0.18 per share, aiming for gross proceeds of up to C$5,000,000 [1] - The offering will be available to purchasers in all Canadian provinces except Quebec, under the Listed Issuer Financing Exemption [1] - The net proceeds will be utilized to expand drilling programs in Colombia and Saudi Arabia, with closing expected on or before November 21, 2025 [4][6] Offering Details - The offering consists of up to 27,777,778 ordinary shares priced at C$0.18 each, targeting gross proceeds of C$5,000,000 [1] - Integrity Capital Group Inc. has been engaged as a finder, with potential fees of up to 6.0% cash commission and 6% in Brokers Warrants on total proceeds [3] - The offering is subject to regulatory approvals, including that of the TSX Venture Exchange [4] Company Strategy - The company aims to consolidate key titles and continue drilling at Guintar, where a new porphyry gold, copper, and silver system has been discovered [6] - Royal Road is preparing to drill new gold targets in Saudi Arabia, marking a significant strategic move for the company [6] - The financing is viewed as a timely opportunity to enhance the company's visibility and communication of its story [6] Company Overview - Royal Road Minerals is a mineral exploration and development company focused on discovering and developing copper and gold deposits [7] - The company operates in Saudi Arabia, Morocco, and Colombia, with a mission to minimize environmental impact while ensuring no net loss of biodiversity [7]
Powermax Minerals Announces Option to Acquire Pinard Rare Earths Project
Newsfile· 2025-11-03 11:00
Core Insights - Powermax Minerals Inc. has entered into an option agreement to acquire a 100% interest in the Pinard Rare Earths project, subject to a 1.5% net smelter returns royalty [1][4] - The Pinard Rare Earths project is located in northern Ontario, Canada, covering 5178 hectares across 255 contiguous mining claims [2] - The project is situated within the Pinard Intrusive Rock Complex, which is known for hosting rare earth element deposits [3] Financial Terms of the Option Agreement - The total payments to acquire the project include $90,000 in cash and 320,000 common shares, with specific payment milestones outlined [4] - The company has the option to buy back the NSR, reducing it to 1.0% for a payment of $500,000 [4] Planned Exploration Program - A Phase 1 exploration program is proposed to evaluate and prioritize prospective zones across the property [5] - The program will include desktop data compilation, GIS modeling, field prospecting, geological mapping, and geochemical sampling [6][8] - Additional exploration methods will involve radiometric surveys and an airborne geophysical survey to detect anomalies [13] Company Overview - Powermax Minerals Inc. focuses on advancing rare earth element projects and holds options for multiple properties in Canada [10]
Linear Minerals Corp. Announces Exploration Results from Lac Marion Property, Québec
Accessnewswire· 2025-11-03 04:35
Core Insights - Linear Minerals Corp. has announced the results of its initial exploration program at the Lac Marion Uranium and Rare Earth Element Property located in southwestern Québec [1] Exploration Program Details - The exploration program included geological mapping, prospecting, radiometric surveys, and rock sampling [1] - The total area of the property is 2,760 hectares [1]
Triasima Scoops Up Over Half a Million Hudbay Minerals Shares in an $8.1 Million Move
The Motley Fool· 2025-11-01 17:13
Company Overview - Hudbay Minerals has a market capitalization of $6.40 billion and trailing 12-month revenue of $2.20 billion, with a net income of $289.02 million [3] - The company produces copper, gold, silver, molybdenum, and zinc from its operations in North and South America, operating three polymetallic mines and four ore concentrators [4] - Hudbay's dividend yield stands at 0.09%, with a forward P/E ratio of 14.13 and an EV/EBITDA of 6.70 [3] Recent Developments - Triasima Portfolio Management Inc. established a new position in Hudbay Minerals, purchasing 531,833 shares valued at approximately $8.06 million, representing 1.2% of Triasima's reportable assets [1][2] - Hudbay Minerals shares have increased by 68.7% over the past year, significantly outperforming the S&P 500 by 49.5 percentage points [2] - The stock has risen about 51% since the end of June, indicating strong performance in the metals sector [6] Financial Performance - Hudbay's trailing 12-month revenues have increased by 47.1% over the past decade, with gold accounting for 36% of total revenue in the second quarter [6] - Management has improved expectations for full-year consolidated cash costs for copper production, reducing the midpoint guidance from $0.90 per pound to $0.75 per pound [7] - Recent gold prices have exceeded $4,200 per ounce, attracting investors seeking a hedge against rising government debt [7]
LaFleur Minerals Closes $1.66 Million Flow-Through Offering to Advance Drilling and PEA-Related Work at its Swanson Gold Deposit
Newsfile· 2025-10-31 23:46
Core Viewpoint - LaFleur Minerals Inc. has successfully closed a non-brokered flow-through private placement, raising gross proceeds of $1.66 million to fund exploration and drilling activities at its Swanson Gold Deposit [1][4]. Financial Summary - The private placement generated aggregate gross proceeds of $1,663,370 through the issuance of 2,410,682 flow-through units at a price of $0.69 per unit [1]. - Each flow-through unit consists of one common share and one share purchase warrant, with the warrants exercisable at $0.75 for a period of 24 months [2][3]. Use of Proceeds - Proceeds from the flow-through units will be allocated to exploration and drilling programs at the Swanson Gold Project, including ore-sorting and metallurgical testwork [4]. - The company aims to support mineral resource estimates and assess the economic viability of the Swanson Gold Deposit [4]. Project Development - LaFleur Minerals is collaborating with ERM to complete a Preliminary Economic Assessment (PEA) for the potential restart of gold production at its Beacon Gold Mill, which will process material from the Swanson Gold Deposit [5]. - The Swanson Gold Project spans approximately 18,304 hectares and includes several gold-rich prospects [10]. Regulatory and Tax Considerations - The securities issued under the offering are subject to a hold period of four months plus one day from the date of issue [2]. - The company will renounce qualifying expenditures related to the flow-through shares, which will be effective no later than December 31, 2025 [5][7].
Kingman Minerals Ltd. Closes Upsized $1.5 Million Non-Brokered Financing, Announces AGM Results and Corporate Update
Newsfile· 2025-10-31 21:09
Financing - Kingman Minerals Ltd. has successfully closed an upsized non-brokered private placement, raising gross proceeds of $1,500,000 through the issuance of 21,428,500 units at a price of $0.07 per unit [2][4] - Each unit consists of one common share and one common share purchase warrant, with each warrant allowing the purchase of an additional common share at a price of $0.09 for 24 months [2] - The company will pay finder's fees totaling $82,558.20 and issue 470,910 non-transferable finder's warrants in connection with certain subscriptions under the offering [3] Use of Proceeds - The net proceeds from the offering will be allocated to finance exploration and development activities at the Mohave project, including diamond drilling, geophysics, geochemical sampling, and permitting, as well as for general working capital [4] Corporate Governance - The Annual General Meeting of Shareholders was held on October 21, 2025, with 3,929,028 shares (18.4% of issued and outstanding) represented, constituting quorum [6] - Resolutions passed included setting the number of directors at five, re-electing existing directors, re-appointing auditors, and approving the Company's 10% Rolling Stock Option Plan [9]
Sokoman Minerals Closes $26 Million "Bought Deal" Private Placement, including Full Exercise of Over-Allotment
Newsfile· 2025-10-31 13:46
Core Points - Sokoman Minerals Corp. has successfully closed a bought deal private placement offering, raising gross proceeds of $26,221,750 [1][2] - The offering included the sale of 53,000,000 common shares and 60,950,000 flow-through shares, with the latter qualifying as "flow-through mining expenditures" under the Tax Act [8] - The proceeds will be allocated for property acquisitions, working capital, and general corporate purposes, with specific expenditures to be incurred by December 31, 2026 [2] Offering Details - The offering was led by Canaccord Genuity Corp. and BMO Capital Markets, with a cash commission of $1,073,305 paid to the underwriters and 3,679,105 broker warrants issued [3] - A director of the company participated in the offering, acquiring 130,000 common shares, which is classified as a related party transaction but is exempt from certain formal requirements [4] - The common shares and flow-through shares are subject to a four-month hold period under Canadian securities laws and are pending final approval from the TSX Venture Exchange [5] Financial Breakdown - The common shares were sold at a price of $0.19 per share, generating gross proceeds of $10,070,000, while the flow-through shares were sold at $0.265 per share, generating gross proceeds of $16,151,750 [8]
Ramaco Resources to Collaborate with Goldman Sachs on Strategic Initiative to Establish First National Critical Minerals Stockpile
Prnewswire· 2025-10-31 12:00
Core Insights - Ramaco Resources, Inc. has announced the establishment of a Strategic Critical Minerals Terminal (SCMT) at its Brook Mine facility in Wyoming, with Goldman Sachs acting as the exclusive structuring agent [1][4] - The SCMT aims to address supply chain risks and ensure access to strategic materials, positioning Ramaco as a leading producer of critical minerals and rare earth elements (REEs) in the U.S. [1][4] Company Overview - Ramaco Resources operates and develops high-quality, low-cost metallurgical coal and is expanding into coal, rare earth, and critical minerals production in Wyoming [5] - The company has four active metallurgical coal mining complexes and is in the initial stages of production for a rare earth and coal mine near Sheridan, Wyoming [5] SCMT Initiative - The SCMT will provide long-term stockpiling, storage, and inventory management solutions for critical minerals and REEs, including tolling and value-added services for third-party producers [2] - The terminal is designed to ensure safe and secure inventory management, making materials available to consumers at market prices [2] Strategic Location - The Brook Mine site is strategically located with direct access to the BNSF railroad and proximity to a major interstate highway, facilitating efficient transportation to defense contractors and industrial consumers [3] Commitment to National Security - The initiative supports the strengthening of America's critical minerals supply chain, national security, and innovation in the rare earths industry [4]
Solis Minerals expands Cucho project in Peru - ICYMI
Proactiveinvestors NA· 2025-10-31 03:39
Core Insights - Solis Minerals Ltd has announced the acquisition of 4,000 hectares of new exploration concessions at its Cucho project in Peru, which is strategically located near other major explorers [1][5] - The company emphasizes the latent potential of both the newly acquired and existing project areas, aiming to strengthen its position for a drilling campaign planned for 2026 [2][6] - Recent updates indicate ongoing progress across its broader portfolio, with drilling at Centro expected to commence in December 2025, pending permit approvals [3][8] Group 1: Acquisition and Strategic Positioning - The new concessions are located northeast of the current project area, in a region that is highly prospective for exploration [1][6] - The acquisition aligns with the company's strategy to maintain an active pipeline across multiple copper-gold assets, enhancing its exploration capabilities [2][5] Group 2: Exploration Progress and Future Plans - The company reported continued progress at its other projects, including El Pollo, Centauro, and West Mid Stage, with a focus on maximizing discovery opportunities for shareholders [3][7] - Funds raised recently will be allocated to support ongoing exploration work, reinforcing the company's commitment to being an active explorer in the copper-gold sector [3][8]
Linear Minerals Corp. Announces Approval of the Plan of Arrangement by the Supreme Court of British Columbia
Accessnewswire· 2025-10-31 03:20
Core Viewpoint - Linear Minerals Corp. has received approval from the Supreme Court of British Columbia for a Plan of Arrangement to spin out its Pontax West Lithium Property to its subsidiary Westlinear Minerals Corp. [1] Summary by Relevant Sections - **Arrangement Details** - The Arrangement is dated August 1, 2025, and involves the distribution of shares of Westlinear Minerals Corp. to Linear's shareholders [1] - Shareholders will receive one share of Spinco for every 10 shares of Linear owned as of the Share Distribution Record Date, which will be announced later [1]