MTI(MTX)
Search documents
Surge Copper Highlights Strengthening Policy Environment for Critical Minerals Development in Canada
Globenewswire· 2025-11-10 12:00
Core Insights - Surge Copper Corp. highlights recent policy and infrastructure developments in Canada that enhance the critical minerals framework and investment climate, particularly for the Berg copper-molybdenum project [1][2][9] Federal Budget 2025 Initiatives - The 2025 Federal Budget introduces measures to bolster competitiveness in critical minerals development, including expanded tax credits and new investment vehicles aimed at supporting projects like Berg [2][5] - The Clean Technology Manufacturing Investment Tax Credit (CTMITC) is set to expand eligibility, potentially benefiting Berg, where copper is a primary production driver [5] - The Critical Minerals Exploration Tax Credit will now include molybdenum, recognizing its significance in various industrial applications [5] G7 Critical Minerals Alliance - Canada’s role in the G7 Critical Minerals Alliance emphasizes a commitment to secure and transparent supply chains for critical materials, which may foster long-term cooperation among allied nations [3][4] British Columbia Infrastructure Developments - The North Coast Transmission Line (NCTL) project aims to enhance grid capacity in British Columbia, supporting growth in mining and other sectors, with construction expected to begin in 2026 [5][6] - Legislative amendments are being made to facilitate co-ownership with First Nations and streamline permitting processes, reflecting a proactive approach to resource development [6][7] Berg Project Positioning - The Berg project is strategically aligned with federal and provincial initiatives, featuring a large-scale resource of copper and molybdenum, favorable logistics, and a low-carbon design [8] - The project is positioned to supply both domestic and allied markets, supporting Canada’s goal of diversifying exports beyond the U.S. [4][8] Company Overview - Surge Copper Corp. is advancing the Berg Project, which has strong development potential in a safe jurisdiction, supported by established infrastructure [9][10] - The company also controls a contiguous mineral claim package that includes multiple advanced porphyry deposits, contributing to Canada’s critical minerals strategy [10]
Powermax Minerals Identifies High-Priority Ree Targets at Atikokan Project, Northwestern Ontario
Newsfile· 2025-11-10 11:00
Core Insights - Powermax Minerals Inc. has announced the results of an integrated geoscientific interpretation on its Atikokan Rare Earth Element (REE) Property, identifying priority exploration targets across three blocks covering 9,416 hectares in Ontario [1][7] Exploration Program - The ongoing exploration program aims to validate and expand upon the desktop study results, incorporating field results into the Atikokan REE exploration model [4] - High-resolution airborne magnetic and radiometric surveys are being conducted to refine the geometry of REE-bearing zones [5] - Systematic surface sampling will confirm REE-bearing phases identified in the desktop review [5] Study Highlights - A well-defined REE corridor has been delineated along the contact between the White Otter Batholith and the Dashwa Gneissic Suite, indicating favorable conditions for REE-bearing alteration systems [5] - Strong REE anomalies have been confirmed in Blocks B and C, with Total Rare Earth Element (TREE) values ranging from 254 to 1,947 ppm, averaging approximately 616 ppm [5] - Additional localized potential has been identified in Block A, with TREE values between 339-1,111 ppm, averaging around 570 ppm [5] Company Overview - Powermax Minerals Inc. is focused on advancing rare earth element projects and holds options to acquire multiple properties, including the Atikokan REE Property and the Cameron REE Property [9]
Search Minerals Closes Non-Brokered Private Placement Financings
Newsfile· 2025-11-07 11:28
Core Points - Search Minerals Inc. has successfully closed a non-brokered private placement financing, raising gross proceeds of $843,847 [1][7] - The funds from the FT Financing will be allocated to eligible Canadian exploration expenses related to the Foxtrot and Deep Fox projects, qualifying for the Critical Mineral Exploration Tax Credit [1][7] - The net proceeds from the Share Financing will be utilized for working capital and general corporate purposes [1] Financing Details - The financing included the issuance of 1,487,694 FT Units at a price of $0.50 per unit, generating gross proceeds of $743,847, with each unit comprising one flow-through common share and one-half of a transferable non-flow-through common share purchase warrant [7] - Additionally, 303,030 Offered Shares were issued on a non-flow-through basis at a price of $0.33 per share, resulting in gross proceeds of $100,000 [7] - The company paid a total of $16,109.76 in cash finder's fees and issued 6,000 Finder's Warrants to Canaccord Genuity Corp., representing 6% of the FT Units sold [2] Regulatory and Compliance Information - The financings are subject to final acceptance by the TSX Venture Exchange [3] - The FT Shares, Warrants, and Finder's Warrants are subject to a hold period under Canadian securities laws, expiring on March 7, 2026 [3] Company Overview - Search Minerals is focused on exploring and developing Critical Rare Earth Elements (CREE) and transition metals such as Zirconium and Hafnium in the Port Hope Simpson - St. Lewis CREE District of South-East Labrador [4] - The company controls two deposits (Foxtrot and Deep Fox) and several drill-ready prospects along a 64-kilometer belt in Labrador [4][5]
Resolution Minerals hits 253m of gold at Horse Heaven - ICYMI
Proactiveinvestors NA· 2025-11-07 07:13
Core Insights - Resolution Minerals Ltd has reported a significant drill intercept at the Golden Gate target, part of its Horse Heaven gold project in the United States, indicating promising gold mineralization [1][2] Drill Results - The latest drill hole returned 253 metres at 1.5 grams per tonne (g/t) gold, with a higher-grade zone of 120 metres at 2.3 g/t [2] - This intercept is mineralized from surface to end-of-hole and remains open-ended at the bottom, marking the third result from an ongoing ten-hole drilling program [3][7] - Previous intercepts included 189 metres at 1.3 g/t and 250 metres at 0.6 g/t gold [3][8] Drilling Program Expansion - In response to the positive results, the company has mobilized a second drill rig to the site, planning to target an additional five holes, equivalent to 5,000 feet of extra drilling [3][9] - The company is fully funded for this expanded drilling program, having recently raised USD 25 million, followed by an additional USD 2 million placement [4][10] Market Position and Future Plans - Resolution Minerals is advancing plans to list on Nasdaq, with increasing liquidity on the OTCQB market in the United States, which is expected to attract more US-based investors [4][11] - The company has received positive feedback and strong liquidity, indicating a growing interest in its operations [11]
Aura Minerals Announces Exercise of Warrants in Altamira Gold Corp.
Globenewswire· 2025-11-07 01:50
Core Viewpoint - Aura Minerals Inc. has exercised 24,000,000 common share purchase warrants of Altamira Gold Corp. at an exercise price of CAD$0.20 per Warrant, increasing its stake in Altamira significantly [1][2]. Group 1: Acquisition Details - Prior to the acquisition, Aura owned 30,000,000 Shares and 27,000,000 Warrants, representing approximately 11.3% of the issued and outstanding Shares on a non-diluted basis and approximately 19.5% on a fully diluted basis [2]. - Following the transaction, Aura now owns 54,000,000 Shares and 3,000,000 Warrants, representing approximately 18.22% of the issued and outstanding Shares on a non-diluted basis and approximately 19.04% on a fully diluted basis [2]. Group 2: Investment Rationale - Aura acquired the securities of Altamira for investment purposes, citing the exploration potential of Altamira as a key factor [3]. - The company may consider acquiring additional securities or disposing of existing holdings based on market conditions and other relevant factors [3]. Group 3: Company Overview - Aura is focused on the development and operation of gold and base metal projects in the Americas, with five operating assets including gold and copper mines in Honduras, Brazil, and Mexico [7]. - The company emphasizes a holistic approach to mining, considering the impacts and benefits to all stakeholders involved [6].
Copper Added to New USGS Critical Minerals List Highlighting Increased Support for US Copper Projects Like American Pacific's Madison & Palmer Projects
Newsfile· 2025-11-06 23:00
Core Insights - The U.S. Geological Survey (USGS) has added copper to its 2025 list of critical minerals, reflecting the Trump Administration's focus on enhancing domestic supply chains for vital minerals [2][3][5] - This addition is expected to lead to increased government investment and streamlined permitting for U.S. copper projects, which are essential for the domestic critical metals supply chain [4][5] Industry Overview - The new USGS list now includes copper alongside silver, zinc, lead, barite, and 55 other minerals, totaling 60 critical minerals recognized by the U.S. government [3] - The Trump Administration aims to reduce reliance on foreign mineral supplies, which poses risks to national security and infrastructure development [3] Government Initiatives - The U.S. government has launched four new funding initiatives totaling nearly $1 billion, with grants of up to $250 million available for critical metals projects [4] - Direct equity investments have also been made in critical metals projects, including a 5% stake in the Thacker Pass lithium project in Nevada [4] Company Focus - American Pacific Mining Corp. emphasizes the significance of its Madison Copper-Gold Project in Montana and Palmer Copper-Gold VMS Project in Alaska in light of the new USGS designation [5] - The company highlights the importance of copper in everyday life and its role in strengthening U.S. supply chains [5] Project Highlights - The Madison Copper-Gold Project has historical production of 2.7 million pounds of copper with grades ranging from 20-30% [6] - Recent exploration at the Madison Project has confirmed widespread mineralization, with notable drill results including 8.47 meters of 40.03% Cu and 61.63 meters of 6.97% Cu [6][7] - The Palmer Copper-Zinc VMS Project has reported the highest-grade copper intercepts ever drilled, with an updated mineral resource estimate showing a substantial increase in contained copper [8]
Silver Viper Minerals Corp. to Attend Deutsche Goldmesse Fall 2025 in Frankfurt
Newsfile· 2025-11-06 20:30
Company Overview - Silver Viper Minerals Corp. is a Canadian-based junior mineral exploration company focused on advancing precious metals projects in Mexico [3] - The company operates two key assets: the La Virginia Gold-Silver Project in Sonora and the Cimarron Gold-Copper Project in Sinaloa, with the addition of the Coneto Project enhancing its portfolio [3] Event Participation - Silver Viper Minerals Corp. will participate in the Deutsche Goldmesse Fall 2025, scheduled for November 14th and 15th at the JW Marriott Hotel Frankfurt [1] - Members of the company's management will hold meetings and present to European investors during the event [2] Industry Context - Deutsche Goldmesse is recognized as Germany's premier investment conference in the resource sector, bringing together a selective group of mining companies, keynote speakers, and investors [2][4] - The event serves as a platform for company executives to engage with European institutional and high-net-worth investors, retail investors, and analysts [5]
Happy Creek Minerals names Stephen Gray as new CEO
Proactiveinvestors NA· 2025-11-06 18:11
Core Insights - Proactive provides fast, accessible, 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 and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, mining, oil and gas, and emerging technologies [3] Technology Adoption - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Golden Sky Minerals Announces Conversion of Debenture into Common Shares
Newsfile· 2025-11-06 17:59
Core Viewpoint - Evanachan Limited, controlled by Rob McEwen, has converted a C$220,000 convertible debenture into 2,000,000 common shares of Golden Sky Minerals, reflecting confidence in the company's strategy and assets [1][2][3]. Group 1: Conversion Details - The conversion price was set at C$0.11 per share, resulting in the issuance of 2,000,000 common shares [2]. - Following the conversion, Rob McEwen holds approximately 9.0% of Golden Sky's issued and outstanding common shares on a non-diluted basis [2]. Group 2: Company Strategy and Projects - The conversion is seen as a significant vote of confidence in the company's team, strategy, and the quality of its assets, particularly the Rayfield-Gjoll Copper-Gold Project [3]. - The company remains focused on advancing the Rayfield project through an earn-in agreement with Boliden [3]. Group 3: Company Overview - Golden Sky Minerals is a Canadian mineral exploration company with a focus on high-potential copper and gold projects across British Columbia, Yukon, and Ontario [4]. - The flagship Rayfield Project is located in a promising porphyry copper-gold district, offering significant discovery potential and excellent infrastructure [4].
Stillwater Critical Minerals Provides Corporate Update
Accessnewswire· 2025-11-06 11:00
VANCOUVER, BC / ACCESS Newswire / November 6, 2025 / Stillwater Critical Minerals Corp. (TSXV:PGE)(OTCQB:PGEZF)(FSE:J0G) (the "Company" or "Stillwater") reports that it is not aware of any undisclosed material change or company-specific development that would account for the recent decline in the Company's share price. The Company further notes that recent share-price movements have occurred in the context of broader market volatility and weakness affecting equities across multiple sectors including the min ...