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Kenorland Minerals Reports Maiden Inferred Resource of 14.5 Mt at 5.47 g/t Au for 2.55 Million Ounces at the Frotet Project, Quebec, Where It Holds a 4% NSR Royalty
TMX Newsfile· 2025-12-16 12:30
Core Viewpoint - Kenorland Minerals Ltd. has announced a maiden Inferred Mineral Resource of 14.5 million tonnes (Mt) at an average grade of 5.47 grams per tonne (g/t), equating to 2.55 million ounces (Moz) of gold for the Regnault gold deposit at the Frotet Project in northern Quebec, highlighting the project's significant potential and the value of Kenorland's 4% NSR royalty [1][2][17]. Summary by Sections Mineral Resource Estimate - The maiden Mineral Resource Estimate (MRE) includes data from 289 diamond drill holes totaling 127,217 meters, with 92 high-grade veins defined at a 2.50 g/t Au cut-off and a broader low-grade envelope encompassing 91 veins at a 0.30 g/t Au cut-off [3][4]. - Inferred Mineral Resources are classified based on a minimum of three drill holes with a nominal spacing of up to approximately 80 meters, with certain areas excluded due to not meeting the spacing criteria [4][10]. Exploration and Growth Potential - The resource remains open in multiple directions, indicating substantial upside potential for further resource expansion, with high-grade mineralization extending beyond the current Inferred Mineral Resource Estimate [9][11]. - Notable high-grade mineralization examples include intersections such as 3.00 meters at 10.09 g/t Au and 6.70 meters at 30.41 g/t Au, which are outside the current resource footprint [22]. Project Overview - The Frotet Project covers 38,930 hectares within the Frotet-Evans greenstone belt and is adjacent to the past-producing Troilus Gold Corporation's mine, which had an indicated mineral resource of 9.32 Moz Au [16][19]. - Kenorland initially staked the project in 2017 and entered into a joint venture with Sumitomo in 2018, leading to the discovery of the Regnault gold deposit in 2020 [17][26]. Royalty Structure - Kenorland holds a 4% NSR royalty on the Frotet Project, which is now backed by a formal high-grade multi-million ounce gold resource, enhancing its value in the junior sector [2][18].
LaFleur Minerals Announces LIFE and Flow-Through Unit Offerings
TMX Newsfile· 2025-12-16 04:29
Core Viewpoint - LaFleur Minerals Inc. is initiating a non-brokered private placement offering to raise up to $4,500,000 through two offerings: the LIFE Offering and the FT Offering, aimed at funding gold production operations and exploration projects [1][2][5]. Group 1: LIFE Offering - The LIFE Offering consists of up to 6,000,000 units priced at $0.50 per unit, with gross proceeds expected to reach $3,000,000 [1]. - Each unit includes one common share and one warrant, allowing the purchase of an additional common share at $0.75 within 24 months [1]. - The proceeds will be allocated to restarting gold production at the Beacon Gold Mine and Mill, and for general working capital [2]. Group 2: FT Offering - The FT Offering will offer up to 2,500,000 flow-through units at $0.60 per unit, aiming for gross proceeds of $1,500,000 [5]. - Each flow-through unit will consist of one common share classified as a "flow-through share" and one warrant with terms similar to those in the LIFE Offering [5]. - Proceeds from the FT Offering will be used for Canadian Exploration Expenses related to the Swanson Gold Project [6]. Group 3: Securities and Regulations - The securities from the LIFE Offering will not have a hold period under Canadian securities laws, while those from the FT Offering will be subject to a four-month hold period [4][7]. - Both offerings are available to purchasers in Canada, excluding Quebec, under the listed issuer financing exemption [3]. Group 4: Commissions and Closing - The company will pay a 7.0% cash commission to qualified finders and brokers on the gross proceeds from both offerings, along with broker warrants [8]. - The expected closing date for both offerings is around December 31, 2025 [9]. Group 5: Company Overview - LaFleur Minerals Inc. focuses on developing gold projects in the Abitibi Gold Belt, particularly the Swanson Gold Deposit and the Beacon Gold Mill [11]. - The Swanson Gold Project spans approximately 18,304 hectares and includes several gold-rich prospects [11]. - The Beacon Gold Mill is capable of processing over 750 tonnes per day and is positioned for both Swanson and custom milling operations [11].
Stillwater Critical Minerals Announces Upsize of Bought Deal LIFE Private Placement for Gross Proceeds of C$15 Million
Accessnewswire· 2025-12-15 15:35
Core Viewpoint - Stillwater Critical Minerals Corp. has successfully increased its "bought deal" private placement from gross proceeds of C$10,000,400 to C$15,000,140 due to strong investor demand [1] Group 1: Offering Details - The upsized offering will consist of 32,609,000 units priced at C$0.46 per unit, with each unit comprising one common share and one-half of a common share purchase warrant [1][2] - Each warrant allows the holder to purchase one common share at a price of C$0.64 within 36 months following the closing date [2] - The underwriters have an option to purchase an additional 4,348,000 units for up to C$2,000,080 in gross proceeds [3] Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for the exploration and advancement of the Stillwater West Ni-PGE-Cu-Co+Au project in Montana, as well as for general corporate purposes and working capital [4] Group 3: Regulatory and Closing Information - The offering is subject to regulatory approvals, including the approval of the TSX Venture Exchange, and is scheduled to close on or about December 30, 2025 [7]
Stillwater Critical Minerals Announces Bought Deal LIFE Private Placement for Gross Proceeds of C$10 Million
Accessnewswire· 2025-12-15 12:15
Core Viewpoint - Stillwater Critical Minerals Corp. has announced a private placement agreement with Red Cloud Securities Inc. and Research Capital Corporation to raise gross proceeds of C$10,000,400 through the sale of 21,740,000 units at a price of C$0.46 per unit [1] Group 1: Financial Details - The offering consists of 21,740,000 units priced at C$0.46 each, resulting in total gross proceeds of C$10,000,400 [1] - Each unit includes one common share and one-half of a common share purchase warrant [1]
Spark Energy Minerals Announces Closing of Private Placement
Newsfile· 2025-12-12 19:51
Core Viewpoint - Spark Energy Minerals Inc. has successfully closed a non-brokered private placement, raising gross proceeds of $500,000 through the issuance of 10,000,000 units, which will support its exploration initiatives in Brazil [1][2]. Group 1: Private Placement Details - The private placement was fully subscribed by a strategic investor, enhancing Spark's shareholder base and aligning interests in the company's exploration efforts [2]. - Each unit consists of one common share and one common share purchase warrant, with warrants exercisable at $0.06 for three years [3]. - The net proceeds will fund the near-term drill program at the Arapaima Project in Brazil, covering mobilization and initial drilling costs, with remaining funds allocated to general working capital [4]. Group 2: Company Overview - Spark Energy Minerals Inc. focuses on the exploration and development of critical minerals essential for the clean-energy transition, particularly in Brazil's Lithium Valley [7]. - The Arapaima Project spans approximately 91,900 hectares and targets lithium and gallium-REE mineralization, contributing to a sustainable supply chain for electrification and renewable energy [7].
New Happy Creek Minerals CEO looking to turn high-grade Fox Tungsten deposit into a mine
Proactiveinvestors NA· 2025-12-11 14:32
Group 1 - Proactive specializes in providing fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive's news team delivers insights across various sectors including 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 improve content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Ridgeline Minerals Provides Assay Results for the Black Ridge Gold Project, Nevada
Newsfile· 2025-12-11 13:00
Core Insights - Ridgeline Minerals Corp. has announced assay results for the Black Ridge Gold Project and provided an update on the Swift Gold Project, both located in Nevada, with a total potential earn-in expenditure of US $40 million from Nevada Gold Mines [1][2] Black Ridge Project - The Black Ridge Project has seen the completion of one deep core hole to a depth of 1,109 meters, aimed at testing lower-plate host rocks similar to those at the nearby Leeville Mine and Fallon gold deposit [3] - Nevada Gold Mines has incurred US $1,071,000 in qualifying work expenditures at Black Ridge as of November 30, 2025, with a minimum required expenditure of US $4,500,000 by July 14, 2028, to earn a 60% interest in the project [4][5] - The drilling intersected the Lower Plate Rodeo Creek formation at a vertical depth of 773 meters, which was shallower than expected, and returned a highlight intercept of 0.8 meters grading 0.113 g/t gold [4] Swift Project - The Swift Project has completed the second core tail out of five proposed holes for 2025, with assays pending for both completed holes [6] - Nevada Gold Mines has incurred US $14,789,000 in qualifying work expenditures at the Swift Project through September 30, 2025, and must spend a minimum of US $20,000,000 by December 31, 2026, to earn a 60% interest [7] - Drilling at the SW Swift target has previously yielded high-grade gold intercepts, with results from the current drilling expected in the spring of 2026 [6]
Linear Minerals Corp. Announces Private Placement
Accessnewswire· 2025-12-10 22:10
Core Viewpoint - Linear Minerals Corp. is initiating a non-brokered private placement aiming to raise up to $900,000 through the issuance of common shares and units [1] Group 1: Private Placement Details - The private placement will issue up to 8,000,000 flow-through common shares at a price of $0.05 per share, generating gross proceeds of $400,000 [1] - Additionally, the placement will include 10,000,000 hard-dollar common units at $0.05 per unit, resulting in gross proceeds of $500,000 [1] - Each hard-dollar unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at $0.25 for one year from the issue date [2] Group 2: Financial and Regulatory Aspects - A finder's fee of 6% cash will be paid to eligible finders in accordance with Canadian Securities Exchange policies [3] - The closing of the private placement is contingent upon obtaining necessary approvals from the CSE and other regulatory bodies [3] - All securities issued will be subject to a four-month hold period plus one day under applicable securities laws [3] Group 3: Use of Proceeds - The proceeds from the private placement will be allocated for general working capital and further exploration of properties located in Quebec [4]
Solis Minerals Limited Registered as an Australian Company
Newsfile· 2025-12-10 21:12
Group 1 - Solis Minerals Limited has officially registered as an Australian company effective from December 8, 2025, following shareholder approval at the Annual General and Special Meeting on September 16, 2025 [1] - The company's common shares will transition from being registered in Canada and listed on the TSX-V to fully paid ordinary shares on a 1:1 basis, allowing shareholders to hold shares directly in the company [2] - All existing CHESS Depositary Interests (CDIs) will be cancelled, and new holding statements will be issued to support the uncertificated shareholdings [2] Group 2 - A timetable of events related to the Australian Continuance has been provided, detailing key dates such as the last day for trading CDIs on ASX (December 12, 2025) and the cancellation of CDIs (December 23, 2025) [4] - Solis Minerals is an emerging exploration company focused on its South American copper portfolio, led by a highly experienced team in the mining sector [6] - The company is strategically positioned to capitalize on growth opportunities in the mineral-rich region of South America, which is significant in the global copper export market [7]
Showcase Minerals Acquires Grassy and Premier East Gold Projects, Arranges Financing
Newsfile· 2025-12-10 16:54
Core Points - Showcase Minerals Inc. has entered into a mineral property purchase agreement to acquire a 100% interest in the Grassy and Premier East Gold Projects located in the Golden Triangle region of British Columbia [1][2] - The acquisition will involve the issuance of 5,000,000 common shares to the vendor, subject to a hold period of four months and one day [2] - The Premier East Gold Project consists of a 325.28-hectare mineral claim with historical high-grade samples showing significant mineralization, including 0.16 oz/T gold and 505 to 550 oz/T silver [3] - The Grassy Gold Project includes two mineral claims totaling 830.3 hectares, with past exploration revealing epithermal, low-sulphidation mineralization and a notable intersection of 1.56 g/t gold over 3.05 meters [4] - Rene Bernard has been appointed as the new President and CEO of Showcase Minerals, bringing 25 years of experience in public mineral exploration [5] - The company plans to complete a non-brokered private placement financing of up to 3,000,000 units at a price of C$0.07 per unit, aiming for total gross proceeds of up to C$210,000 [7][8] - The private placement will be used for debt payment and general working capital, with insider participation exempt from formal valuation and minority shareholder approval [8][9] Project Details - The Premier East Gold Project is located approximately 10 kilometers north of Stewart, with past exploration focused on the M.C. No 1 showing, revealing high-grade mineralization [3] - The Grassy Gold Project is situated 24 kilometers north of Stewart, with historical exploration dating back to 1927, including underground work and various showings [4] Financing and Management - The private placement is subject to acceptance for filing by the Canadian Securities Exchange [9] - The new management under Rene Bernard aims to enhance the company's strategic direction in mineral exploration [5]