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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]
Forte Minerals Attends the New Orleans Investment Conference
Newsfile· 2025-10-30 13:30
Core Insights - Forte Minerals Corp. is participating in the 51st Annual New Orleans Investment Conference from November 2-5, 2025, where the President & CEO, Patrick Elliott, will present on the company's exploration projects and growth strategy [1][2][3] Group 1: Company Overview - Forte Minerals Corp. is an exploration company focused on high-quality copper and gold assets in Peru, leveraging a strategic partnership with GlobeTrotters Resources Perú S.A.C. to access high-impact targets in premier Andean mineral belts [5] Group 2: Financial Updates - The company received a C$5.7 million strategic investment from a key investor in July and announced a second C$5.7 million investment from another strategic partner this week, indicating strong financial backing for its growth initiatives [2] Group 3: Conference Participation - The New Orleans Investment Conference aims to connect analysts, investors, and companies to explore emerging opportunities across various asset classes, and Forte's participation is part of its strategy to strengthen investor relationships and showcase its growth plans [3]
Truist Financial Maintains a Buy Rating on Minerals Technologies (MTX)
Yahoo Finance· 2025-10-30 13:08
Core Insights - Minerals Technologies Inc. (NYSE:MTX) is identified as one of the most undervalued small-cap stocks, with a Buy rating and a price target of $84 set by Truist Financial analyst Pete Osterland [1][2]. Financial Performance - For fiscal Q3 2025, Minerals Technologies reported worldwide net sales of $532 million, reflecting a 1% increase both sequentially and year-over-year [2]. - The company reported operating income of $71 million, or $78 million excluding special items, indicating a 1% decline sequentially and year-over-year [2]. - The operating margin, excluding special items, was 14.7% of sales [2]. - Cash flow from operations was $71 million, while free cash flow reached $44 million [3]. - Earnings per share (EPS) for fiscal Q3 was $1.37, or $1.55 excluding special items, marking a record for the third quarter [3]. Company Overview - Minerals Technologies Inc. operates as a resource and technology-based company, providing mineral, mineral-based, and synthetic mineral products [3]. - The company's operations are segmented into Consumer and Specialties and Engineered Solutions [3].
Cascadia Minerals Ltd to Attend Deutsche Goldmesse Fall 2025 in Frankfurt
Newsfile· 2025-10-30 12:00
Core Insights - Cascadia Minerals Ltd will participate in the Deutsche Goldmesse Fall 2025, scheduled for November 14th and 15th in Frankfurt, Germany [1][2] - The event is recognized as Germany's premier investment conference in the resource sector, focusing on junior mining companies [2][4] - The Carmacks Project, Cascadia's flagship asset, has significant resources and demonstrated positive economic potential in a recent assessment [3] Company Overview - Cascadia Minerals Ltd's flagship asset is the Carmacks Project, covering 177 sq. km in the Minto Copper Belt, Yukon Territory, Canada [3] - The Carmacks Main Deposit contains a Measured and Indicated Resource of 651 million pounds of copper and 302 thousand ounces of gold, with a copper equivalent grade of 1.07% [3] - A preliminary economic assessment in 2023 indicated a post-tax NPV of $330.1 million and a post-tax IRR of 38% at copper and gold prices of $4.25/lb and $2,000/oz, respectively [3] Event Details - Deutsche Goldmesse is a two-day event that connects mining companies with European institutional and high-net-worth investors, analysts, and media [4][5] - The conference features up to 35 selected mining companies and includes keynote speakers and industry influencers [4][5] - The event aims to foster new business opportunities and facilitate valuable relationships within the mining sector [4]
Metallic Minerals Corp. Announces Participation in Red Cloud's 2025 Fall Mining Showcase in Toronto
Newsfile· 2025-10-30 11:00
Core Insights - Metallic Minerals Corp. is a resource-stage exploration company focused on critical minerals including copper, silver, gold, and platinum group elements at its La Plata Project in Colorado and Keno Silver Project in the Yukon Territory [1][3] - The company will present at Red Cloud's Fall Mining Showcase 2025, inviting shareholders and interested parties to learn about its latest developments [1][2] Company Overview - Metallic Minerals Corp. is recognized for its significant holdings in alluvial gold claims in the Yukon and is developing a production royalty business through partnerships with experienced mining operators [3] - The leadership team has a strong track record in discovery and exploration of major precious and base metal deposits across North America, with extensive experience in project development, permitting, and financing [3] - The company integrates artificial intelligence and advanced data analytics into its exploration process to enhance discovery and unlock new value across its portfolio [3] - Metallic Minerals is committed to responsible and sustainable resource development, collaborating closely with Canadian First Nation groups, U.S. Tribal and Native Corporations, and local communities [3]
Linear Minerals Assayed 21.10 Percent Copper in Surface Samples at the Lac Coulombe Property, Quebec
Accessnewswire· 2025-10-30 01:15
Core Insights - Linear Minerals Corp. has announced positive results from initial exploration at the Lac Coulombe Property in Quebec, Canada, indicating significant copper values and the presence of gold and silver [1] Exploration Results - Assays from the exploration revealed copper values ranging from less than 0.5 parts per million (ppm) to 211,000 ppm, which equates to 21.10% copper [1] - The exploration also indicated anomalous values of gold and silver, suggesting potential for further resource development [1]
Wealth Minerals Provides Update on Proposed Andacollo Oro Gold Project Acquisition
Newsfile· 2025-10-29 20:16
Core Viewpoint - Wealth Minerals Ltd. has announced that it will not proceed with the acquisition of the Andacollo Oro Gold Project due to regulatory and compliance delays, leading to the return of funds raised for the project [1][2][3] Company Overview - Wealth Minerals Ltd. is a mineral resource company focused on acquiring and developing lithium projects in South America, while also diversifying its asset base to include precious metal projects [4] - The company is committed to stakeholder engagement and has a joint venture with the Quechua Indigenous Community of Ollagüe for the Kuska lithium project [3][4] Industry Context - The lithium market is experiencing significant dynamics, with increasing metal prices driven by structural issues in meeting future demand [5] - Wealth Minerals aims to position itself as a major beneficiary of the anticipated supply-demand mismatch in the battery metals market [5]
Panoro Minerals Ltd. Announces Brokered LIFE Offering for Gross Proceeds of up to C$5 Million
Globenewswire· 2025-10-29 11:09
Core Viewpoint - Panoro Minerals Ltd. has announced a private placement to raise up to C$5,000,000 through the sale of 12,500,000 units at C$0.40 per unit, with participation from Wheaton Precious Metals Corp. expected [1][4]. Group 1: Offering Details - The offering consists of units, each comprising one common share and one warrant, with warrants allowing the purchase of additional shares at C$0.60 within 36 months [2]. - An option is granted to agents to sell an additional 2,500,000 units for up to C$1,000,000 in gross proceeds [3]. - The offering is scheduled to close on November 18, 2025, subject to regulatory approvals [7]. Group 2: Use of Proceeds - Net proceeds from the offering will be allocated for infill drilling, metallurgical testing, pre-feasibility engineering, and an updated preliminary economic assessment for the Cotabambas Project, along with working capital [4]. Group 3: Regulatory and Trading Information - The units will be offered to purchasers in all Canadian provinces except Québec and may also be sold in offshore jurisdictions and the U.S. under certain exemptions [5][8]. - The securities will not be registered under the U.S. Securities Act and cannot be sold in the U.S. without registration or applicable exemptions [8]. Group 4: Company Focus - Panoro is focused on completing technical objectives for the Cotabambas Project, including project optimization studies and engaging in discussions for strategic alternatives to advance the project [10].
Canterra Minerals Announces Closing of $2.0 Million Private Placement Led by Michael Gentile and Other Strategic Investors to Fund Gold Exploration in Newfoundland
Globenewswire· 2025-10-28 22:00
Core Viewpoint - Canterra Minerals Corporation has successfully closed a non-brokered private placement, raising gross proceeds of $2,004,000 through the issuance of 16,700,000 units at a price of $0.12 per unit, which will be used to fund exploration activities at its Wilding Gold project and for general working capital purposes [1][3][4]. Group 1: Private Placement Details - The private placement involved the issuance of units, each consisting of one common share and one half of a common share purchase warrant, with the warrant allowing the purchase of one share at $0.20 for 12 months [2]. - The participation of Cairn Merchant Partners LP, controlled by Canterra's Chairman, in the private placement qualifies as a related party transaction but is exempt from formal valuation and minority shareholder approval requirements [6]. Group 2: Use of Proceeds - The net proceeds from the private placement will be directed towards drilling the Wilding Gold project, which is located in the central Newfoundland Mining District, adjacent to Equinox Gold's Valentine Mine [3][4]. - The company aims to mobilize a drill rig to the Wilding Gold Project to explore multiple high-grade, drill-ready gold targets, enhancing its exploration momentum [4]. Group 3: Company Overview - Canterra Minerals is focused on critical minerals and gold exploration in central Newfoundland, with several mineral deposits near historically significant mining sites [8]. - The company's gold projects are strategically located along a structural corridor that hosts mineralization within Equinox Gold's mine project, indicating significant exploration potential [8].
Fortune Minerals Retains P&E Mining Consultants Inc. to Prepare the New Reserve Estimates, Mine Plan & Production Schedule for the Updated NICO Project Feasibility Study
Businesswire· 2025-10-28 16:47
Core Insights - Fortune Minerals Limited has engaged P&E Mining Consultants Inc. to update the Mineral Reserve estimates, mine plan, and production schedule for the NICO Project Feasibility Study, which is expected to benefit from higher metal prices, particularly gold and bismuth [1][3][5] Company Overview - Fortune Minerals is focused on developing the NICO cobalt-gold-bismuth-copper project located in the Northwest Territories and Alberta, which includes a planned open pit and underground mine along with a hydrometallurgical facility [1][14] - The NICO Project is the largest bismuth deposit globally, holding 12% of the world's reserves, while China controls 80% of global mine production and 90% of refined bismuth supply [8] Project Economics - The previous 2014 Feasibility Study identified Mineral Reserves of 33.1 million tonnes, including 1.1 million ounces of gold, 82.3 million pounds of cobalt, 102.1 million pounds of bismuth, and 27.2 million pounds of copper, supporting a 20-year mine life [5] - Current metal prices are significantly higher than those used in the 2014 study, with gold at approximately US$4,000 per ounce, cobalt at US$22 per pound, bismuth at US$17 per pound, and copper at US$5 per pound, which will enhance project revenues [5][10] Strategic Importance - The development of the NICO Project is aligned with North American efforts to strengthen critical mineral supply chain resilience and security, reducing dependence on foreign entities [2][7] - The project is positioned to be a reliable source of critical minerals essential for energy transition and technological advancements, with significant demand growth anticipated for bismuth in various applications [9][10] Future Plans - Fortune plans to produce cobalt sulfate heptahydrate at its Alberta facility for use in lithium-ion batteries, with cobalt being a critical component in various industries [10] - The company also owns the Sue-Dianne satellite deposit, which could provide additional mill feed to extend the life of the NICO concentrator [11][14]