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RETRANSMISSION: LaFleur Minerals to Restart Gold Milling at Beacon Gold Mill in Val-d'Or, Québec
Newsfile· 2025-03-03 14:15
RETRANSMISSION: LaFleur Minerals to Restart Gold Milling at Beacon Gold Mill in Val-d'Or, QuébecAcquires Mineral Claims Contiguous to the Swanson Gold Project, QuébecMarch 03, 2025 9:15 AM EST | Source: LaFleur Minerals Inc.Vancouver, British Columbia--(Newsfile Corp. - March 3, 2025) - LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company") is pleased to provide an update on its plans to restart production activities at its 100%-owned Beacon Gold Mil ...
Panther Minerals Announces Director Resignation
Thenewswire· 2025-02-28 23:30
Vancouver, British Columbia - TheNewswire – February 28th, 2025- Panther Minerals Inc. (“Panther Minerals” or the “Company”) (CSE: PURR) (OTC: GLIOF) (FWB: 2BC) announces that Mr. Sebastian Lowes has resigned from the Board of Directors, effective immediately.The Company would like to thank Mr. Lowes for his valuable contributions and dedication during his tenure as a director. The Company wishes him all the best in his future endeavors.About Panther Minerals Inc.Panther Minerals is a mineral exploration c ...
LaFleur Minerals to Restart Gold Milling at Beacon Gold Mill in Val-d'Or, Québec
Newsfile· 2025-02-28 21:37
Core Viewpoint - LaFleur Minerals Inc. is set to restart production at its Beacon Gold Mill in Val-d'Or, Québec, capitalizing on the rising gold prices, which are nearing a record of USD$3,000 per ounce, and aims to produce approximately 30,000 to 40,000 ounces of gold annually [2][3][4]. Group 1: Beacon Gold Mill Operations - The Beacon Gold Mill is fully permitted and was last operational in early 2023 when gold was priced at USD$1,800 per ounce [3]. - The mill has been under care and maintenance since early 2023 and is now being prepared for a restart, with all necessary permits expected to be finalized by the end of Q2 2025 [3][5]. - The company is assessing nearby gold deposits and engaging with neighboring mining companies for potential custom milling agreements [4][5]. Group 2: Swanson Gold Project - The Swanson Gold Project spans over 15,000 hectares and includes several gold-rich prospects previously held by other mining companies [6][20]. - The project has undergone extensive drilling, with over 36,000 meters completed, and is strategically located within 50 km of the Beacon Gold Mill [7][10]. - LaFleur Minerals has acquired 17 additional mining claims adjacent to the Swanson Gold Project, enhancing its resource potential [10][12]. Group 3: Mineral Resource Estimates - The Swanson Gold Deposit hosts an indicated mineral resource of 2,113,000 tonnes at an average grade of 1.8 g/t gold, containing approximately 123,400 ounces of gold [10]. - An inferred mineral resource estimate indicates 872,000 tonnes at an average grade of 2.3 g/t gold, containing about 64,500 ounces of gold [10]. Group 4: Future Plans and Developments - The company is planning an aggressive drilling program for spring and summer 2025 to increase the existing mineral resource and evaluate the open-pit mining potential of the Swanson gold deposit [10]. - LaFleur Minerals is also working on expediting the permitting process for the Swanson Gold Project to facilitate the supply of mineralized material to the Beacon Gold Mill [10].
Fitzroy Minerals Provides Update on Ptolemy Acquisition
Thenewswire· 2025-02-28 14:15
Core Points - Fitzroy Minerals Inc. is in the process of acquiring Ptolemy Mining Limited through a share exchange agreement dated October 30, 2024 [1] - The deadline for completing the acquisition has been extended to March 31, 2025 [2] - The company received conditional approval from the TSX Venture Exchange for the acquisition, pending the completion of an audit on Ptolemy's financial statements and a non-brokered private placement [3] - The private placement aims to raise between $2.5 million and $3 million by issuing 16,666,666 to 20,000,000 units at a price of $0.15 per unit [3] - Each unit consists of one common share and one-half of a common share purchase warrant, with the full warrant allowing the purchase of one common share at $0.25 for three years [3] - The private placement is fully subscribed, and both the acquisition and the offering are expected to close concurrently in March, subject to certain conditions [4] Company Overview - Fitzroy Minerals focuses on exploring and developing mineral assets in the Americas, with projects including Caballos Copper and Polimet Gold-Copper-Silver in Chile, Taquetren Gold in Argentina, and Cariboo in Canada [6]
Canterra Minerals Selected for PDAC Core Shack
Newsfile· 2025-02-28 12:00
Vancouver, British Columbia--(Newsfile Corp. - February 28, 2025) - Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) ("Canterra" or the "Company") announces that it has been selected by the Prospectors & Developers Association of Canada ("PDAC") 2025 technical committee to display drill core from its Buchans Critical Minerals project located in Central Newfoundland at the PDAC Convention's Core Shack.The Core Shack is a distinct exhibit at the PDAC Convention, considered the world's foremost mining ...
St-Georges Closes $1,500,000 financing for Critical Minerals Projects
Thenewswire· 2025-02-27 22:05
Montréal, February 27, 2025 – TheNewswire - St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to announce that it has closed a non-brokered private placement of 16,666,667 flow-through shares at a price of $0.09 per share. Gross proceed for this placement is $1,500,000.03.The financing was arranged with a single institutional investor who has supported the Company’s critical mineral projects over the years. Each FT share is comprised of one common share in the capital of the Corpora ...
LaFleur Minerals Provides Supplemental Disclosure Related to BullRun Option Agreement
Thenewswire· 2025-02-27 22:00
Core Viewpoint - LaFleur Minerals Inc. is seeking shareholder approval for the acquisition of an exclusive option to acquire a 100% interest in the Monarch Property in Québec, which was previously acquired by BullRun Capital Inc. for $350,000 during CCAA Proceedings [1][2] Group 1: Acquisition Details - The Monarch Property was acquired by BullRun in February 2024, and the board of LaFleur, except for Mr. Malhi, was unaware of the sale or BullRun's participation [2] - The acquisition price paid by BullRun is considered below market value due to the property being stranded assets during bankruptcy proceedings, and gold prices have increased significantly since then [3] - The consideration for the BullRun Option Agreement includes cash, common shares, exploration expenditures, a gross metals royalty, and contingent share issuances [9] Group 2: Valuation and Negotiation - LaFleur engaged Evans & Evans, Inc. for a valuation report on the Monarch Property, which included an updated Mineral Resource Estimate that enhances the property's value [4] - The terms of the BullRun Option Agreement were negotiated between Mr. Malhi and Mr. Teniere, considering market conditions and comparable acquisitions [3] - The Board did not hold formal meetings for the negotiation or approval of the BullRun Option Agreement, but independent Board members expressed support prior to execution [5][6] Group 3: Board Decisions and Compliance - The Board did not retain independent legal advisors or form a special committee for the BullRun Option Agreement due to the company's limited cash and the size of the transaction [7] - Alternatives to the BullRun Option Agreement were considered, but the Board concluded it was the best option for enhancing value for minority shareholders [8] - The Board's compliance with MI 61-101 was ensured through the preparation of the Circular, which included necessary disclosures [7] Group 4: Shareholder Engagement - The company has waived the proxy deadline for the upcoming shareholder meeting, allowing proxies to be accepted until the meeting starts [10] - The company aims to acquire additional claims (Malhi Claims) shortly after obtaining shareholder approval for the BullRun Option Agreement [4] Group 5: Stock Options - LaFleur Minerals granted 1,500,000 stock options to directors and consultants at an exercise price of $0.30 per share for a period of two years [11]
Forte Minerals Heads to PDAC 2025 Where Exploration Meets Opportunity
GlobeNewswire News Room· 2025-02-27 14:15
VANCOUVER, British Columbia, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Forte Minerals Corp. (“Forte” or the “Company”) (CSE: CUAU) (OTQB: FOMNF) (Frankfurt: 2OA) is excited to announce its participation in the annual Prospectors & Developers Association of Canada (PDAC) Convention, happening March 2-5, 2025, at the Metro Toronto Convention Centre. Join the Forte team at Booth 2736 in the Investor Exchange Pavilion, where copper, gold, and 2025 exploration plans take center stage. Get an inside look at Forte’s growi ...
Black Stone Minerals: A 10% Distribution For This Natural Gas Royalty Play (Rating Upgrade)
Seeking Alpha· 2025-02-27 01:01
Group 1 - The article discusses the author's professional background in the Nuclear Power industry and how it aids in evaluating potential equities for long-term investment [1] - The focus is on investing in income-producing equities and rental real estate properties for cash flow and long-term appreciation [1] Group 2 - The author has a beneficial long position in the shares of TLN, indicating confidence in the stock's performance [2] - The article expresses the author's personal opinions and is not influenced by compensation from any company mentioned [2]
Wealth Minerals Announces Private Placement
Newsfile· 2025-02-26 13:30
Company Overview - Wealth Minerals Ltd. is a mineral resource company focused on the acquisition and development of lithium projects in South America, with interests in Canada and Chile [4] - The company aims to advance battery metal projects where it has a competitive advantage in project selection and evaluation [5] Private Placement Offering - The company announced a non-brokered private placement offering of up to 25,000,000 units at a subscription price of $0.08 per unit, aiming for gross proceeds of up to $2,000,000 [1] - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.15 for a period of 24 months [1] Use of Proceeds - Proceeds from the offering are expected to be utilized for exploration, claim fees, and general working capital [2] Market Dynamics - The lithium market is experiencing profound structural issues that are affecting supply and demand, leading to rapidly increasing metal prices [5] - The company is positioning itself to benefit from the anticipated future mismatch between supply and demand in the lithium market, as well as other battery metals [5]