MTI(MTX)
Search documents
Linear Minerals Corp. Announces Completion of the Plan of Arrangement and Marketing Agreement
Accessnewswire· 2025-12-01 05:00
Core Points - Linear Minerals Corp. has successfully completed a statutory arrangement with Westlinear Minerals Corp. on November 28, 2025 [1] - The arrangement was approved by Linear shareholders on October 22, 2025, and by the Supreme Court of British Columbia on October 29, 2025 [1] - The arrangement was conducted in accordance with the Business Corporations Act (British Columbia) and accepted by the Canadian Securities Exchange [1]
Powermax Minerals Announces Closing of $3M Private Placement Offerings
Newsfile· 2025-11-28 21:15
Core Points - Powermax Minerals Inc. has completed two non-brokered private placement offerings, raising a total of $3,000,000 in gross proceeds [1][2]. Group 1: Non-FT Private Placement - The Non-FT Private Placement consisted of 1,643,947 units priced at $0.76 each, generating gross proceeds of $1,249,400 [1]. - Each Non-FT Unit includes one common share and one share purchase warrant, with the warrant allowing the purchase of one share at $0.95 for 36 months [1]. Group 2: FT Private Placement - The FT Private Placement involved 1,945,000 flow-through units priced at $0.90 each, resulting in gross proceeds of $1,750,500 [2]. - Each FT Unit consists of one flow-through share and one non-flow-through share purchase warrant, with the warrant allowing the purchase of one share at $1.10 for 24 months [2][3]. Group 3: Use of Proceeds - Proceeds from the Non-FT Units will be used for general working capital and exploration work on mineral projects in British Columbia and Ontario [5]. - Proceeds from the FT Units are designated for Canadian exploration expenses qualifying as flow-through mining expenditures [5]. Group 4: Finder's Fees - The company paid $164,994 in finder's fees and issued 195,600 finder's warrants, each exercisable into one share at $0.95 for 36 months [4]. Group 5: Company Overview - Powermax Minerals Inc. is focused on advancing rare earth element projects and holds options for mineral claims in British Columbia and Ontario [8].
Hudbay Minerals vs. Teck Resources: Which Copper Miner Looks Stronger Now?
ZACKS· 2025-11-28 14:36
Core Insights - The competition to scale copper production is intensifying, with Hudbay Minerals (HBM) and Teck Resources (TECK) representing two distinct future pathways for copper leadership [1][2] - Both companies have shown strong year-to-date performance despite operational challenges, focusing on long-term growth assets [1] Hudbay Minerals (HBM) - HBM has improved its balance sheet, reduced costs, and de-risked its Copper World project, achieving a year-to-date stock performance increase of 89.5% [3][5] - The company reported consolidated cash costs of negative 2 cents/lb and sustaining cash costs of $1.65/lb, with an improved full-year cash cost guidance of 15-35 cents/lb [5][6] - HBM has generated nine consecutive quarters of free cash flow and reduced net debt to 0.5x EBITDA, ending the third quarter with $611 million in cash and total liquidity of $1.04 billion [6][10] - The Copper World project, supported by a joint venture with Mitsubishi, is advancing towards a 2026 sanction decision, with first production expected in 2029 [10][11] Teck Resources (TECK) - TECK reported an adjusted EBITDA of $1.2 billion for the third quarter of 2025, a 19% year-over-year increase, with exceptional liquidity of $9.5 billion [14] - The merger with Anglo American is a significant event, creating "Anglo Teck," a top-five global copper producer with 1.2 million tons of annual capacity and $800 million in annual recurring synergies [15][25] - At the Quebrada Blanca (QB) operation, TECK faces tailings management facility constraints but has a plan to eliminate these by 2027, with a resource base that remains largely untapped [16][17] - TECK's zinc business has also performed well, contributing significantly to earnings [18] Valuation Comparison - HBM and TECK are trading at forward 12-month price to sales multiples of 2.76 and 2.65, respectively, both above the industry average [20] - HBM is viewed as more stable in the near term due to consistent free cash flow and improving costs, while TECK is seen as having a more substantial long-term growth potential [24][25]
Titan Minerals targets Q1 2026 resource update - ICYMI
Proactiveinvestors NA· 2025-11-28 07:36
Core Insights - Titan Minerals Ltd has reported positive drilling results from the Dynasty gold project in Ecuador, confirming that the mineral resource update is on track for Q1 2026 [1][4] - Infill drilling has consistently intersected predicted gold veins, enhancing confidence in the geological model and supporting an upgrade in resource categorization [1][6] - The company is also identifying porphyry-hosted mineralization, with recent drilling revealing broad zones of gold-rich porphyry mineralization, which could complement higher-grade gold with bulk-tonnage potential [3][9] Drilling Progress - The company plans to complete an additional 3,000 meters of drilling by the end of the year, primarily at the Cerro Verde prospect, which contains about two-thirds of the current resource base [2][8] - Infill drilling results have shown effective targeting of veins, which is crucial for the upcoming resource update [6][7] - Follow-up drilling into the porphyry zone, named Calipuy, is expected to continue into January 2026, with the system remaining open along strike and at depth [3][10] Partnership Developments - Due diligence by potential project partner Lingbao is progressing, with the company currently halfway through a 90-day exclusivity period [4][11] - Lingbao is conducting a second site visit to deepen technical evaluations and review infrastructure and nearby producing mines [4][12] - The aim of the partnership is to facilitate a project-level transaction for the Dynasty Gold Project [11]
Atomic Minerals Upsizes Its Previously Announced Non-Brokered LIFE Offering and Concurrent Private Placement to $2.2M
Newsfile· 2025-11-28 01:04
Core Points - Atomic Minerals Corporation has increased the size of its non-brokered LIFE Offering and concurrent private placement to $2.2 million due to strong investor demand [1] - The LIFE Offering will consist of up to 14,666,667 units at a price of $0.05 per unit, raising gross proceeds of up to $733,333 [1] - The concurrent private placement has been increased to up to 29,333,333 units at the same price, aiming for gross proceeds of up to $1,466,666 [1] Offering Details - Each unit in the LIFE Offering includes one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one share at $0.10 for 12 months [2] - The LIFE Offering is available to Canadian residents, excluding Québec, and will not have a hold period under Canadian securities laws [3] - The concurrent private placement is also available to Canadian residents and will be subject to a statutory hold period of four months plus one day after closing [3] Financial Aspects - The company plans to pay finders' fees of 5%-8% in cash and finder warrants equal to up to 8% of the units sold under both offerings [5] - The expected closing date for both offerings is December 1, 2025, pending regulatory approvals [6] - Proceeds from the offerings will be used for exploration activities at uranium projects in Saskatchewan and the Colorado Plateau, as well as for general administrative expenses [6] Company Overview - Atomic Minerals Corporation is a publicly listed exploration company on the TSXV, focusing on uranium exploration in underexplored regions with geological similarities to areas with past uranium discoveries [10] - The company's property portfolio includes uranium projects in North America, notably in the Colorado Plateau and the Athabasca Basin, which have historical production records [11]
Royal Road Minerals Announces Closing of Non-Brokered LIFE Financing
Newsfile· 2025-11-27 22:00
Core Viewpoint - Royal Road Minerals Limited has successfully closed a non-brokered private placement offering, raising gross proceeds of $5 million through the issuance of 27,772,523 ordinary shares at a price of $0.18 per share [1][5]. Group 1: Offering Details - The offering was conducted under the LIFE Exemption, allowing shares to be sold without a hold period under Canadian securities laws [2]. - The offering attracted significant interest from both existing and new investors [2]. - The largest shareholder, Rio2 Limited, retains approximately 15% equity stake in Royal Road after the offering [3]. Group 2: Financial Aspects - The company paid cash commissions totaling $251,319.23 and issued 1,396,215 broker warrants, each allowing the purchase of one share at $0.18 for 36 months [4]. - The net proceeds from the offering will be allocated to expand drilling programs in Colombia and Saudi Arabia [5]. Group 3: Regulatory Compliance - The offering constituted a related party transaction, with insiders subscribing for 4,502,223 shares, relying on exemptions from certain regulatory requirements [6]. - The securities issued are not registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without registration or an exemption [7]. Group 4: Company Overview - Royal Road Minerals is a mineral exploration and development company focused on discovering and developing copper and gold deposits with minimal environmental impact [8]. - The company operates in Saudi Arabia, Morocco, and Colombia, and is listed on multiple exchanges including TSX Venture Exchange and OTCQB [8].
Golden Sky Minerals Corp. Receives Exchange Approval, Provides Additional Disclosure on NSR Terms in Boliden Option and Joint Venture Agreement
Newsfile· 2025-11-27 20:24
Core Points - Golden Sky Minerals Corp. has received approval from the TSX Venture Exchange for its Option and Joint Venture Agreement with Boliden Minerals Canada Ltd. [2][3] - The Agreement allows Boliden to earn up to an 80% interest in the Rayfield copper-gold property by making cash payments totaling CDN $1,000,000 over five years and funding up to CDN $19,000,000 in exploration expenditures over six years [4] - If a party's interest in the joint venture falls below 10%, it will convert into a 1.0% net smelter returns (NSR) royalty on the Rayfield Gjoll property, with a maximum aggregate royalty of CDN $15,000,000 [5][6] Company Overview - Golden Sky Minerals Corp. is a junior grassroots explorer focused on acquiring, assessing, exploring, and developing mineral properties in mining-friendly districts [7] - The company's portfolio includes the Rayfield-Gjoll Copper-Gold Project in British Columbia, the Hotspot and Luckystrike gold projects in Yukon, and the Auden Gold Project in Ontario [8] - The objective of the company is to create shareholder value through the discovery and development of world-class mineral deposits [8]
CopAur Minerals to Update Current Kinsley Mountain Geology and Mineralization Model
Newsfile· 2025-11-27 13:30
Core Insights - CopAur Minerals Inc. has contracted APEX Geoscience Ltd. to update the Kinsley Mountain geology and mineralization model, integrating results from approximately 20,000 meters of drilling conducted in 2020 and 2023 [1][2] - The Kinsley Mountain project currently has mineral resources of 418,000 indicated ounces at 2.63 g/t gold and 117,000 inferred ounces at 1.51 g/t gold, totaling 535,000 ounces [1] - The high-grade Western Flank Zone contains 302,000 ounces averaging 6.11 g/t gold, indicating significant potential for resource expansion [1] Exploration and Development - The recent drilling programs aimed at both new discoveries and expanding resources around the Main Pit, focusing on near-surface oxide exploration targets for potential heap leach recovery [2] - Notable near-surface oxide intercepts from the drilling include 9.83 g/t gold over 7.6 meters and 2.22 g/t gold over 25.9 meters, showcasing the project's exploration potential [8] Historical Context - Kinsley Mountain was last in production in 1998 when gold prices averaged around US$360 per ounce, and operations were suspended due to the previous operator's bankruptcy [3]
Temas Completes Drill Program Targeting Critical Minerals and Rare Earth Elements
Accessnewswire· 2025-11-27 10:00
Core Insights - The company is focused on advancing Western supply resistance through patented processing technologies and strategic exploration assets [1] - Successful completion of 2,302 meters of HQ diamond drilling at the La Blache Vanadium Titanomagnetite Critical Mineral Project located in Quebec, Canada [1] Company Highlights - The company is positioned as a technology-driven critical metals entity [1] - It emphasizes the importance of global commercial partnerships in its operational strategy [1] Project Details - The La Blache project is specifically targeting vanadium titanomagnetite as a critical mineral [1] - The drilling success indicates progress in resource exploration and potential future production capabilities [1]
Forte Minerals Commences First-Ever Drilling at the Pucarini High-Sulfidation Gold Project, Puno, Peru
Globenewswire· 2025-11-26 14:00
Core Insights - Forte Minerals Corp. has commenced its first-ever diamond drilling program at the Pucarini High-Sulfidation Gold Project in southern Peru, marking a significant milestone after years of geological work and community engagement [1][19][20] - The Pucarini Project is located within the Southern Peru Miocene Mineral Belt, known for its epithermal gold and porphyry copper-molybdenum deposits, and features a large-scale hydrothermal alteration footprint [2][11] - The initial drill program consists of five holes totaling 1,750 meters, targeting a potential large-scale high-sulfidation epithermal gold system, with assay results expected in early Q1 2026 [4][9][15] Financial Overview - As of May 31, 2024, the company reported total assets of $23.55 million, an increase from $23.13 million in the previous year [3] - Current assets increased to $19.18 million from $18.75 million, with cash and cash equivalents rising to $2.40 million from $2.13 million [3] - The company achieved net income of $330,837 for the three months ended May 31, 2024, compared to $53,406 in the same period of 2023, indicating a significant improvement in profitability [5][8] Project Development - The Pucarini Project has undergone extensive geological studies, including mapping, geochemistry, and geophysics, and has secured necessary drilling permits and community agreements [6][19] - The drilling targets were selected based on gold geochemistry, high-sulfidation alteration zones, and geophysical anomalies, creating a cohesive exploration model [7][14] - The project area features multiple advanced argillic alteration zones, consistent with high-sulfidation epithermal gold mineralization [11][14] Strategic Initiatives - The company has strengthened its balance sheet by attracting two new strategic investors, each contributing C$5.7 million, which will support development across its projects [20] - In addition to Pucarini, the company is advancing its Alto Ruri Gold Project, located near Barrick's Pierina Mine, which shows potential for near-surface gold discoveries [21][22]